Real Estate

Massachusetts Lt. Gov. Praises Public-Private Partnerships

At this year's Greater Holyoke Chamber of Commerce's annual Governmental Affairs Luncheon, Massachusetts Lt. Governor Karyn Polito praised the public-private partnerships supported by Governor Charlie Baker's administration. One such project was the Cubit Building, which provides loft housing and has attracted Holyoke Community College's culinary and hospitality programs as tenants.

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Visionary Developers are in high demand

Visionary developers are being courted aggressively by city leaders throughout the country. They are also in high demand by other public officials, including university planners, transit authorities, county officials, school administrators and public hospital leaders. There’s a reason for this new popularity - mixed-use development has become one of the hottest new tools for generating revenue that public officials badly need.

The Benefits of Partnering for Design-Build Projects

We live in a time when it has never been easier to reach out and communicate with someone. With emails and workplace collaboration platforms, text messages, tweets and the Cloud, we have never had more real-time access to each other and information.

Just because we have all of these communication resources doesn’t mean that communication has improved. In many cases, communication is still what companies and people struggle with the most. This is often the case for design-build projects where success is driven by effective communication and collaboration.

P3 may lead to Active Senior Housing Development in New Canaan, Connecticut

During a town council meeting in New Canaan, Connecticut, Arnold Karp of Karp Associates suggested creating public-private partnership to develop an active senior housing complex. “This may be a once in 50- or 100-year opportunity to have a private developer work with the town and Waveny [LifeCare Network] and come up with additional senior housing choices,” Karp said during the meeting, according to the New Canaanite. “If it is the town’s will that they don’t want that, we are happy to do something else with the property. I bought it. I’ve owned it for four years.

UMass Amherst seeking to build new Student Housing through P3

The Committee on Administration and Finance of the UMass board of trustees recently voted to explore the possibility of using a public-private partnership to build a new student housing complex for the University of Massachusetts Amherst campus. The UMass system is no stranger to P3s, as the Boston and Dartmouth campuses have also utilized P3s.

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Public-Private Partnerships have enriched Milwaukee's riverfront

Milwaukee's RiverWalk, a continuous, riverside pedestrian pathway that covers over 20 blocks, has served as an anchor for urban development in the city. The RiverWalk was developed through a public-private partnership; the city established tax increment financing (TIF) districts that aided private developers as property values rose from subsequent development.

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Low-Income Housing Restoration in NYC Completed thanks to P3

A $92.7M effort to restore the Fox Hill Development, a low-income housing complex in Staten Island, has been completed. "The need for affordable housing is the top concern among my constituents based on the calls that come into my office and the conversations I have with local residents."  City Councilwoman Debi Rose said. "Ensuring quality housing for people of all income levels is therefore among my top priorities as council member.

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