Mosaic provides the following real estate advisory services:
Project Feasibility Analysis
Developer Partner Selection Services
Project/Program Management
Public/Private Partnership Structuring & Negotiation
Master Plan Feasibility Analysis
Real Estate Advisory Services
Mosaic Urban Partners’ core purpose is to transform urban communities. We provide value-added real estate and economic advisory services to public sector and non-profit clients working on catalytic public/private development projects. We are uniquely qualified to represent cities, counties, states and governmental entities in their analysis and implementation of master plans and public/private real estate transactions.
We have been leaders at economic development agencies but have also have worked for private developers. We’ve been the governmental steward of master plans as well as the private developer attempting to implement them. We have drafted RFPs and responded to RFPs. We’ve run government developer selection panels as well as responded to them as part of private development teams. This combination of private sector and public sector development experience allows us to bring private sector expertise to bear on the special challenges faced by public sector clients. Unlike many advisors, however, we also understand the unique political, legal, community, and bureaucratic considerations public sector clients must take into account because we have actually been in their shoes. In addition, Mosaic staff has played these roles in a number of cities – therefore we are able to advise public sector clients based on best practices used in multiple jurisdictions.
Our specialty is public/private redevelopment projects. We provide soup-to-nuts support from the initial market and project feasibility analysis to the selection of development partners through the final public/private negotiations.
Project Feasibility Analysis
Mosaic, as real estate advisor to the Washington, DC Deputy Mayor for Planning and Economic Development (Deputy Mayor), analyzed the feasibility of the proposed development program, deal terms and financing structure for a $285M mixed-use, mixed-income redevelopment project that will result in 460 new residential units and 320,000 square feet of new retail in Southeast Washington, DC. The proposed development will use Tax Increment Financing, New Market Tax Credits, and local affordable housing financing to fund some of the improvements. Mosaic led all negotiations with the private development team on the key business terms and all transaction documents, including the deal term sheet, Exclusive Rights Agreement and a Land Disposition Agreement. Mosaic also provided discrete project management services to the Deputy Mayor on the project. This redevelopment effort will ultimately transform an 18-acre blighted site with largely undesirable and insufficient retail options into a pedestrian-oriented town center with neighborhood-serving retail and new housing.
Developer Partner Selection Services
Mosaic, on behalf of the Washington, DC Deputy Mayor for Planning and Economic Development (Deputy Mayor), managed a developer selection process for the redevelopment of a 26-unit apartment building in Northwest Washington, DC. The Deputy Mayor received 8 different proposals for the redevelopment of the building. The multi-agency selection panel consisted of representatives of the Office of Planning, the Department of Housing and Community Development and the Deputy Mayor’s office. Mosaic’s key role was to analyze the financial proformas of each proposal and to provide market-based assessments of the feasibility of each proposal’s development program, financing structure and development approach. The analysis included an evaluation of the experience of each development team. Mosaic also developed evaluation criteria for the selection panel, created financial and programmatic snapshots of each development proposal, advised the selection panel on the strengths and weaknesses of each proposal and assisted with developer interviews and the final developer selection.
Project/Program Management
More information coming soon.
Public/Private Partnership Structuring & Negotiation
Mosaic, as real estate advisor to the Washington, DC Deputy Mayor for Planning and Economic Development (Deputy Mayor), analyzed the feasibility of the proposed development program, deal terms and financing structure for a $285M mixed-use, mixed-income redevelopment project that will result in 460 new residential units and 320,000 square feet of new retail in Southeast Washington, DC. The proposed development will use Tax Increment Financing, New Market Tax Credits, and local affordable housing financing to fund some of the improvements. Mosaic led all negotiations with the private development team on the key business terms and all transaction documents, including the deal term sheet, Exclusive Rights Agreement and a Land Disposition Agreement. Mosaic also provided discrete project management services to the Deputy Mayor on the project.
This redevelopment effort will ultimately transform an 18-acre blighted site with largely undesirable and insufficient retail options into a pedestrian-oriented town center with neighborhood-serving retail and new housing.
Master Plan Feasibility Analysis
More information coming soon.
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