Our Services: Washington Square Partners provides real estate development advisory services. We provide a full compliment of services to bring a project from initiation, through feasibility analysis, public approvals, design, and leasing. Clients often turn to Washington Square Partners when they have complicated projects that need to be "jump-started". These projects may be multi-use, or they may be extremely controversial, or they may be opening new markets, or they may involve multiple approvals from the public sector. Our experience with ground breaking, high-profile redevelopment projects brings to our clients whether their projects are big or small - an expectation of success that cannot be overestimated.
Our services can be divided into the following areas but the majority of our assignments include elements from multiple service areas.
Project Feasibility: Washington Square Partners advises clients on how to move forward with potential development opportunities. We complete financial analyses and initial due diligence on behalf of clients. We bring an understanding of different financing methods and are able to advise our clients about accessing incentives and abatements available to facilitate certain types of projects.
Land Use and Planning: Washington Square Partners is neither a planning nor a law firm but our multi-disciplinary professionals bring a real-world prospective to land use and planning issues. Because we understand the real estate market, the development business, and zoning and economic development policies, we are able to advise our clients in creating site plans, master plans, and area wide plans. Our approach often involves "market testing" ideas with developers to gain candid insights about how the market is likely to react to a plan. Our approach to land use and planning has been successful with private developers, not-for-profit institutions, and governmental agencies.
Public Approvals: Washington Square Partners has an impressive track record in assisting our clients with securing discretionary governmental approvals for their projects. We work regularly with the Department of City Planning, the New York Economic Development Corporation, the New York City Landmarks Preservation Commission, and the New York City Board of Standards and Appeals and therefore can advise our clients about what is achievable. We then work with our clients to develop an approach to securing public approvals and create the materials needed to work constructively with governmental agencies.
Marketing: Marketing encompasses a wide range of activities designed to realize the full value of real estate. Marketing often starts at Project Feasibility. We advise our clients on the best use of a property, grounded in an in-depth understanding of governmental regulation and the market. We are experts in designing processes that attract the target audience to a site whether it be developers, retailers, or another entity. |
Request for Proposal Preparation and Response: Washington Square Partners are experts in preparing, evaluating, and responding to requests for proposals. Depending on the client and need, this service area can take varying forms and can be a part of the marketing process. For example, we represent public and institutional clients in preparing requests for proposals to bring in a developer for site development or redevelopment. We analyze proposal responses to guide the evaluation team in selecting a development team. After selection, we represent the entity through negotiations, design development, and preparation of a project operating plan. We have also assisted private developers or landowners respond to request for proposals from public sector agencies.
Project Management: Washington Square Partners manages development projects on behalf of our clients, essentially serving as in-house staff. Often clients, including developers with large staff, retain Washington Square Partners because of our record of managing multi-faceted projects to completion in record time. Washington Square Partners assembles professional teams including designers, environmental and other technical consultants, lawyers, public relation professionals, and lenders. We establish a critical path schedule and coordinate the team's work through due diligence, financial analysis, financing, public approvals, design development, marketing, and planning for operations. Throughout the project management process, we coordinate the entire team while advising our clients through every step and representing them in necessary negotiations.
Public Private Partnership Facilitation: Public Private Partnership facilitation involves many of the service areas described above. Because our principals have worked as economic development officials and as developers, we are uniquely positioned to represent public entities in forging partnerships that realize the full value of the public's assets. Although never easy, public private partnerships at their best combine the resources of the private sector with the objectives and real estate assets of the public sector. Washington Square Partners assists clients by providing private sector development expertise and knowledge of the public process. We provide our public sector clients strategic advice and represent them throughout negotiations. We represent the public sector in realizing the full value of their assets in creating a partnership that achieves the public's objectives.
Brokerage and construction management services are also available through our affiliated companies, Arch Brokerage and Allied Construction Management Services.
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