STRATEGIC ADVISORY AND CAPITAL IMPROVEMENT OVERSIGHT
CURRENT STATE THE C&W WAY College athletic departments throughout the country are spending at an unprecedented pace to develop and renovate facilities for all sports. Often times these multi-million dollar projects are planned and managed without the oversight of an experienced, third-party project manager exclusively aligned with the athletic department to manage the budget, schedule, and reduce risk. Cushman & Wakefield is your expert advisor leading the process of capital improvement oversight. We are your third-party advocate with the best interest of the Athletic Department, Athletic Director, and institution in mind. CHALLENGES OPPORTUNITIES PROJECT MANAGER VS. THIRD PARTY DEVELOPMENT MANAGER Large, multi-disciplinary teams are necessary to plan and deliver projects of this scale but are typically managed by a single point of accountability (Project Manager) via the architecture firm or construction company with conflicting interests. DEPTH OF EXPERTISE With limited internal resources, oversight within the Athletic Department often falls to an Associate Athletic Director or special projects leader. As the eyes and ears of the Athletic Director, this individual may or may not have experience accessing risk, managing budgets and schedules, and vetting quality control on large scale development projects. CONFLICTING ALLIANCE TRANSPARENCY Any project without complete transparency from the early planning stages is at risk of cost overruns, delayed schedules, and compromised service/product quality. ENGINEER SINGLE POINT OF CONTACT Communication is key we provide direct and efficient reporting to the Athletic Department, Athletic Director, and all other decision makers as needed. CAPITAL IMPROVEMENT OVERSIGHT DIRECT ALIGNMENT WITH DEPARTMENT TRUSTED EXPERTS Our experience crosses the public and private sector and is unparalleled we manage the entire project, from ideation to execution, including risk and cost management, and budget and timeline oversight. UNBIASED ADVISOR There are no games we provide complete transparency throughout the project allowing the most informed and strategic decision making. ENGINEER ASSISTANT PROJECT MANAGER ARCHITECTURE FIRM ASSISTANT C&W PROJECT MANAGER ARCHITECTURE FIRM ARCHITECTURE FIRM GENERAL CONTRACTOR GENERAL CONTRACTOR OR GENERAL CONTRACTOR OR UNIVERSITY RESOURCE IF A PROJECT MANAGER HAS BEEN ASSIGNED, CUSHMAN & WAKEFIELD CAN PROVIDE CAPITAL IMPROVEMENT OVERSIGHT ALIGNED DIRECTLY WITH THE S OFFICE IT S TIME TO THINK DIFFERENTLY We cut through the noise to ensure a successful project on your behalf. CLIENT BENEFITS Our owner and occupier perspective, combined with decades of on-the-ground know-how, translate to very real benefits for our clients: REDUCED RISK TIME SAVINGS COST SAVINGS CUSHMAN & WAKEFIELD
WORK IN ACTION $2.2 Billion Office Retail HEADQUARTERS CAMPUS Residential Tysons Corner, VA Performing Arts Hospitality Development Management Cost Management Procurement Project Management PLANNING + ENTITLEMENTS DESIGN + ENGINEERING Up-zoned 23-acre campus site from 2 MSF FAR to 5.1 MSF FAR with added uses including retail, hospitality, residential and performing arts. Relocated outside footprint to save cost, reduce schedule, and better facilitate future construction. COST CONTROL Identified premium costs during Work Letter reviews at relocation options allowing the client to select a more cost effective building that met their requirements. SCHEDULE CONTROL $7.5 M SAVINGS Secured approval for earlier furniture installation allowing occupancy 2 months earlier. PROCUREMENT $4 M SAVINGS Reduced schedule risk and value engineered design resulting in 10% savings. CONSTRUCTION $50,000 / YEAR SAVINGS Significant ground water was found during construction requiring a re-design of the foundation systems. TECHNOLOGY Developed smart building technology systems into an integrated system including HVAC/ Electrical, BMS, security, IT, A/V, Life/ Safety resulting in energy efficiency and coordinated occupancy systems. 2M SF Office 200K SF Retail 850 Residential Units 350 Room Hotel 1,200 Seat Performing Arts Center 8,000 Parking Spaces C U S H M A N & WA K E F I E L D
WORK IN ACTION $2.0 Billion Office Retail Residential Performing Arts Hospitality Structured Parking Development Management NATIONAL HEADQUARTER Master Planning St. Louis, MO Design Management Entitlements Construction Management Cost Management Finance Leasing PLANNING + ENTITLEMENTS DESIGN + ENGINEERING Up-zoned 14 acre campus site from 2 MSF FAR to 4.9 MSF FAR with added uses including retail, hospitality, residential, performing arts and parking. Redesigned Phase 2 Tower which reduced costs by $95 M. Relocated cranes to outside of building footprint to save cost, reduce schedule, and facilitate future construction. COST CONTROL Identified premium costs (base building infrastructure costs, electrical, HVAC, fire protection) allowing the client to select the most cost effective building elements that met their requirements. SCHEDULE CONTROL PROCUREMENT $4M SAVINGS Adopted fast track, phased construction schedule accelerating overall Tower schedule by 1+ year. Separated Performing Arts Center from parking garage further accelerating the completion by 6 months. Reduced schedule risk and value engineered design resulting in 10% savings. CONSTRUCTION TECHNOLOGY Redesigned Tower from cast-in-place concrete to steel reducing overall cost and accelerating schedule Developed smart building technology systems into an integrated system including HVAC/ Electrical, BMS, security, information technology, A/V, Life/ Safety resulting in energy efficiency and coordinated occupancy systems. TI Management 2 MSF Office 120K SF Retail 200 Residential Units 150 Room Hotel 1,000 Seat Performing Arts Center 7,400 Parking Spaces C U S H M A N & WA K E F I E L D
WORK IN ACTION THE HOTEL AT THE UNIVERSITY OF MARYLAND College Park, MD CODA TECH SQUARE AT GEORGIA TECH Atlanta, GA Structured as a ground lease on University-owned land located across from the main campus entrance. Regular coordination between the Southern Management Corporation (the developer) and the Foundation, including monthly progress reports. Mediator between the UMD Facilities Team and the developer. Maintained construction schedule while protecting the safety of the students and the staff. $150 million Education and Hotel Owner s Representation 400,000 SF mixed-use facility TIMEFRAME 2015 - present Mixed-use facility featuring Georgia Tech s computer-based research programs with: State-of-the-art space for computer research Data center Other high-tech operations for the private sector Project includes: 480,000 sf of office space (20 floors) 80,000 sf high performance computing center 35,000 sf of retail and lobby space 100,000 sf parking deck Cushman & Wakefield advised on developer selection and represented Georgia Tech in the execution of their 300,000 sf office lease at Coda Tech Square (including financing and project management for build-out), which was the largest office transaction in the Atlanta market in 2016. $450 million Education Consulting Project Management Equity Debt & Structured Finance Tenant Representation 695,000 SF mixed-use facility TIMEFRAME 2013 - present CUSHMAN & WAKEFIELD
REPRESENTATIVE CLIENTS CRAIG CASSELL Executive Managing Director Global Leader, Education Sector +1 312 470 2329 craig.cassell@cushwake.com MICHAEL SESSA Executive Managing Director Co-Lead, HQIQ Headquarter Practice Group +1 312 871 5009 michael.sessa@cushwake.com GARY HELMINKSI Education Lead & President, Project & Development Services +1 202 266 1157 gary.helminksi@cushwake.com