Prior to breaking ground, the development financing efforts were led by Russell’s Chief Financial Officer, Vicky Diamond. These types of projects cannot happen without extreme partnerships. The new Russell Office Park will bring over 600 employees to the district by the end of 2019, balancing out the mix of uses within the PUD. Veteran’s Affairs outpatient clinic, retail and more have all been opened since the PUD installation. There are numerous puzzles pieces that must converge for a successful development and construction project to come to fruition. Prior to winning the award from the three State agencies, Russell’s development and estimating teams spent considerable time analyzing the project inside-and-out, backwards and forwards to mitigate as much risk as possible.įor example, site selection was a large motivating factor for the future tenants. The chosen site is located on 33 acres of a 245 acre Planned Unit Development (PUD), created in 2012, which the landowner and city identified as a superior location for growth in the community. New market rate multi-family housing developments, a 200,000 s.f. Additionally, the combination of government design/build knowledge and the ability to mobilize resources in the southeast have made this development project a slam dunk for Russell. Having previously completed projects in Miami and Fort Meyers, Florida for Nortrax – A John Deere Retailer and a wealth of federal government contracting experience with the Department of Defense, Department of Veterans Affairs and Social Security Administration, Russell’s team was ready to hit the ground running. Russell’s past and current portfolio of work lends to this development and construction project perfectly. Fast forward to summer 2018, and Russell’s team being awarded over 160,000 sf of office leases – after a few rounds of interviews and negotiations. of office space was issued for an Intent to Negotiate (ITN) by the Florida Department of Management Services. Russell learned of the potential projects through real estate brokers we had previously collaborated with. While the ground is (thoroughly) frozen solid here in the Midwest, our shovels had no problems breaking ground last month on a large-scale development and construction project in Tallahassee, Florida. Over the course of 2018, Russell’s team of real estate, construction and estimating professionals competed against developers from all over the country to provide leased office solutions to three State of Florida agencies: the Fish and Wildlife Commission, Department of Management Services and the Department of Transportation.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |