HR&A structures partnerships between the public and private sectors to achieve development goals that strengthen community assets and facilitate economic growth.
HR&A partners and staff members include former government officials, developers, private sector real estate developers and managers, economists, planners and lawyers. We work with property owners and developers to leverage government assets, and we help public officials maximize benefits from the expertise and capacity of the private sector. We approach assignments from diverse perspectives, enabling critical analyses that result in projects that meet public and private economic and policy objectives. HR&A’s approach to public-private development begins with three critical analyses:
- Stated and implied public policy priorities for a project;
- Project economics and return expectations; and
- Client objectives.
HR&A forges partnerships that fulfill the requirements of the private sector and meet the goals of the public sector.
Implementation of complex real estate development proposals cannot happen without support from both the public and private sectors. HR&A plays a variety of roles in structuring and supporting development partnerships. We:
- Analyze market potential to develop programs that trigger strong private sector responses;
- Provide solutions to regulatory challenges;
- Manage pre-development and master planning for proposed redevelopments;
- Develop asset repositioning and acquisition/disposition strategies;
- Analyze financial feasibility and phasing strategies for a mix of uses (residential, commercial, office, hotel, cultural, and industrial);
- Engage the public sector and government officials for project approvals;
- Structure innovative public-private development scenarios and financing deals to implement projects; and
- Represent private, public and institutional real estate owners during developer solicitation, selection, and negotiation.
- The Urban Land Institute 2007 Award for Excellence recognized Daniel Island, a redevelopment project in Charleston Harbor that HR&A saw through from its initial planning phases through the first phase of development implementation, including founding the Daniel Island Development Corporation.
- HR&A and the Cincinnati Center City Development Corporation (3CDC) received the 2009 International Economic Development Council Partnership Award for a public-private partnership in a city with a population of more than 200,000 persons for the creation of 3CDC.
- The Anacostia Waterfront Initiative Framework Plan, managed by HR&A on behalf of the Washington D.C. Office of City Planning, won the 2005 American Institute of Architects Honor Award for Regional and Urban Design.
- The Newark Broad Street Station District Plan, which was managed by HR&A, was received the New Jersey Futures Smart Growth Award in 2009.