Development of Harbor Bay Master Planned Community
Alameda, CA
Project Description
Harbor Bay Villages IV and V were part of a 917 acre planned community in the City of Alameda, California. Project enhancements included two salt water lagoons, extensive parks, beaches, and pedestrian/bike paths. As part of the development of these two villages, a high speed ferry service to San Francisco and other infrastructure was financed by bonds repaid from special assessments to the homeowners in these two villages.
Project Responsibilities
- Project Manager
- Home Capital's representative in the General Partnership
- Projected project timelines and proformas to determine market strategy
- Performed market and demographic analysis to create schedule and marketing plan
- Projected financial results through quarterly proformas
- Acquired financing for land, construction and permanent loans
- Presented quarterly project results to Senior Management
Project Results
- Project consistently exceeded projected revenues by 25%
- Absorption rate exceeded projected absorption by 20%
- Negotiated a solution to a critical impasse in the development agreement between the developer and the City of Alameda
- Created a master planned community that was very well received by all stakeholders
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