11/24/09 Special Meeting - Laserfiche WebLink

Home

FORESrClTY City of Ramsey Town Center Proposal EXECUTIVE SUMMARY Forest City and Strategic Advisory Group aim to partner with the City of Ramsey to create a meaningful and sustainable focal point for the community and its stakeholders. More broadly, our team wishes to work with the City of Ramsey on this endeavor in order to support their important mission: to provide a town center development that creates an immediate economic and social impact, while providing a development template for the City's long-term growth and expansion. This opportunity aligns well with our philosophy of "doing well by doing good." Forest City is perhaps the real estate company in the United States best suited for consideration as the City of Ramsey's partner, as we are among the most prolific developers of master planned communities, lifestyle shopping centers, and mixed use projects in the United States. Forest City excels in creating places and experiences that become cherished by communities - places to return to again and again. For example, working in collaboration with public and community partners in Rancho Cucamonga, CA, Forest City developed Victoria Gardens - a place that has become much more than just a lifestyle center. Victoria Gardens has become the adopted downtown of a community that did not have a central gathering place. Also, Forest City's redevelopment of the former Stapleton International Airport in Denver is the model of mixed-use, high density, sustainable growth. Stapleton is the largest urban infill and development project in the United States, covering over 2,900 acres. Strategic Advisory Group is one of the leading advisory firms worldwide with direct experience in hospitality, residential, retail, and office and economic bond and public-private partnership administration. Having participated in 250 developments in 1.50 cities worldwide, SAG brings a wealth of knowledge to this proposed endeavor. Forest City Development and SAG are poised to execute The City of Ramsey's request to administer and execute theirTown Center project. A GREAT PROJECT REQUIRES A WELL DEFINED PLAN ForestCity and SAG are owner/developers with extensive experience and real estate holdings. For unique clients and special projects, we will provide development and program management services. Our ability to bring a wealth of experience from an owner/developer's perspective is what sets our team apart. With our experience, we can execute the City's vision for a sustainable work-live-play development. Ourteam is positioned to bring together the three dimensions of experience, vision and implementation. SHORT AND LONG-TERM GOALS Our goal will be to ensure both the immediate-and long-term success of the Town Center in the City of Ramsey. In the near term, this reflects our efforts to collaborate with the City of Ramsey in creating an effective framework for communication and decision making, assessing the market, and reaching consensus with economically viable design and town center alternatives. In the medium term, it entails getting shovels into the ground for the initial phase of development with a vision that enables the creation of a "great place." The initial phase must properly forecast the infrastructure requirements necessary for future phases, add value, and generate revenue. In the long term, our goal reflects the vision that creates a vibrant, dynamic town center community that will become a benchmark for the City of Ramsey community. OJ