This Tuesday the City Council will adopt a Redevelopment Agency Resolution to appoint a special advisory committee comprised of the Mayor and three Council Members to review the development team qualifications and project concepts for the 700/800 Blocks of K and L Streets, the Selection Committee recommendations, Staff's recommendation, and provide a recommendation to the Agency Board.
In December 2009, the Economic Development Department issued a Request for Qualifications (RFQ) soliciting qualifications and project concepts from development teams for the development of mixed-use projects for the 700 and 800 blocks of K and L streets (See Attachment 1, Map of Development Sites). Development teams were encouraged to submit team qualifications and project concepts for any of the development areas or any combination of the development areas. In February 2010, four proposals were submitted by the following development teams:
• Team 1: David S. Taylor Interests, Inc. is the Master Developer of this team and is supported by the CIM Group (Developer/Financial Partner), Domus Development (Associates Developer/ Affordable Housing Partner), and Zeiden Properties, LLC (Associate Developer/Retail).
• Team 2: D and S Development Company is the Master Developer and is supported by CFY Development, Inc. (Developer/ Partner/Contractor).
• Team 3: Bridge Housing Corporation is the Master Developer and is supported by Saca Development (Management and Leasing Services), and Bagatelos Development, LLC.
• Team 4: Rubicon Partners is the Master Developer with St. Anton Partners(General Partner) and Preferred Capital Advisors (General Partner).
Details regarding each RFQ response can be found on the Economic Development website here.