Site-Specific Market And Financial Feasibility AnalysesAREA analyzes the development feasibility of specific projects both for public agencies and for private developers and their financial partners and investors.
Tailoring our work to the needs of each client, we utilize our two-plus decades of experience to analyze demographic trends, assess the competition, evaluate financial feasibility, and recommend the appropriate product mix, pricing, and timing.
Often we conduct consumer surveys and focus-group discussions to augment our basic research and analysis.
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- AREA assisted the City of Chicago in its redevelopment of the historic Pullman site on Chicago's South Side by examining the financial feasibility and gauging the economic impact of various commercial ventures that the City hoped to attract to the area.
- For the pension fund of the United Church of Christ, AREA examined the potential for developing a major mixed-use complex in downtown Cleveland that would include office, hotel, residential, retail, parking, day-care uses, and offices.
- Milwaukee County retained AREA to assess the market for commercial, industrial, and air-cargo-related development on land surrounding General Mitchell International Airport in Milwaukee.
- The City of Chicago retained a team headed by Camiros, Ltd., and including AREA, to prepare the Near North Tax Increment Development (TID) Plan.
- The city of Round Lake Beach, Illinois, asked AREA to assess market potential for a publicly financed baseball park to serve as the home field for a semi-professional baseball team and a venue for civic functions and local park district activities.
- AREA advised the RREEF Fund on disposition of properties throughout the country, including locations in downtown Washington, D.C., Fort Lauderdale, Florida, and Lake County, Illinois.
- AREA evaluated the potential for industrial and air-cargo related development on publicly owned lands around Chicago's O'Hare International Airport.
- AREA's detailed analysis of a proposed retail/office development involving adaptive use of historic buildings in downtown Milwaukee focused on the need for tax increment financing.
- A Chicago nonprofit organization retained AREA to analyze the sale and/or development potential of its prime Near North property, taking into consideration its relocation costs under the various alternatives identified.
- Other selected site analyses