RKG In The News
>>Recent News Items:
New Housing Study in Cape Cod
The Town of Falmouth, Massachusetts has hired RKG to prepare a housing study that will help the town address its current and future housing needs. High housing costs, a limited and specialized year-round economy, location, and demographic change all pose challenges for Falmouth. Moreover, not all parts of the town have benefited from the effects of rising household wealth and new housing construction. Many Falmouth residents have trouble finding decent housing they can afford. Given its changing demographics and economic trends throughout the Upper Cape area, Falmouth wanted an accurate analysis of both current and projected supply and demand data. At the conclusion of the project, RKG will present its findings at a special roundtable forum on Falmouth’s housing needs in the fall.
Identifying Market Opportunities in Downtown Framingham, MA
The Metropolitan Area Planning Council (MAPC) has hired RKG to lead a housing market analysis and feasibility study for Downtown Framingham (Massachusetts). The project’s purpose is to identify market opportunities and a framework for repositioning underutilized parcels in the downtown area and strengthening downtown’s economy. For this engagement, RKG is pleased to be teaming with LDS Consulting Group (Lynne Sweet).
Encouraging New Investment in Boston's South Shore
RKG is working with Attorney Mark Bobrowski (Blatman, Bobrowski & Mead LLC) on zoning inventories, redevelopment feasibility analyses, and design guidelines for commercial areas in Holbrook, Massachusetts and Easton, Massachusetts. RKG’s role involves identifying redevelopment priorities, determining feasibility, and development density incentives and design standards to encourage new investment.
RKG to Update Massachusetts Comprehensive Permit Law (Chapter 40B) Guidebook
The Massachusetts Housing Partnership (MHP) has hired RKG to update the Chapter 40B Guidebook for zoning boards of appeal. The new guidebook will provide technical assistance about DHCD’s Chapter 40B regulations and guidelines as well as recent Housing Appeals Committee (HAC) and court decisions, and give practical “how-to” advice on handling matters that typically arise during the comprehensive permit process.
Development Activity Has Been Heating up in the Washington Metro Area
While many parts of the U.S. continue to figure out how to rebound from the effects on real estate of the economic downturn a few years back, the Washington DC area has seen substantial increase in development interest, particularly around mixed-use and multi-family residential development. Over the past 18 months, RKG Associates has performed a number of market feasibility, financial feasibility, economic impact, and market needs assessments for private-sector development interests in the Metropolitan Washington DC area. Among these projects include:
Dulles World Center Mixed-Use Development Analysis
Loudoun County, Virginia
RKG Associates was retained by Greenfield Partners, LLC to prepare an analysis of a large real estate development projected located in Loudoun County, Virginia near Dulles International Airport. The project included 1,265 new apartment units, 3.5 million SF of office space, 350,000 SF of hospitality/lodging space and 600,000 SF of retail. RKG’s analysis was necessary to analyze the feasibility of rephrasing the project to front load the residential component of the project while other market segments were still in recovery. This was needed to renegotiate the Client’s development agreement with the County, which envisioned the residential component later in the project.
Fairfax Circle Mixed-Use Development Analysis
Fairfax City, Virginia
RKG Associates conducted market research and analyzed the fiscal impacts associated with a mixed-use residential/retail development proposed at the intersection of Routes 29 and 50 in Fairfax City, Virginia by Combined Properties of California and Virginia. The project envisioned the redevelopment of a 105,000 SF shopping center into 396 luxury apartments and a 97,000 SF retail center anchored by a Harris Teeter supermarket. The developer was seeking a rezoning of the property and required a third party analysis of the project’s market feasibility as well as the potential fiscal impacts to the local government.
Cascades Overlook Mixed-Use Development Analysis
Loudon County, Virginia
RKG Associates was retained by the Meladon Group to provide market justification and potential economic benefits from a mixed use development along U.S. Highway 7 (Harry Byrd Highway) near the Loudon County/Fairfax County border. The redevelopment project is replacing an existing church with a mixture of multifamily residential (approximately 253 units), retail that includes a grocer, dining venues, and other retail shops and boutiques, as well as office uses. Simply put, the development program contains many potential uses that will provide varying degrees of economic and fiscal impact to Loudon County.
Impact Analysis & Development Potential, Memphis, TN
Sears Crosstown – RKG worked with a local development and not for profit firm to analyze the redevelopment potential, including all economic/fiscal costs and benefits, of the iconic 1.5 million SF Sears Crosstown building, near downtown Memphis, into a mixed-use, vertical urban village, including synergistic health and education uses along with residential, retail, offices and art venues.
Raleigh Springs Mall – RKG assessed the redevelopment potential of a mostly vacant 900,000 SF enclosed mall along the Austin Peay corridor in northeast Memphis. Although one of the original enclosed malls in greater Memphis, Raleigh Springs has fallen to competition, shifting demographics and store closings. Currently much of the mall is being demolished to make way for a mix of private and public uses, in part identified through RKG’s research.
RKG Principal, honored by Fairfax County, VA, Board of Supervisors
The Fairfax County Board of Supervisors announced their Lords and Ladies Fairfax Tuesday, June 4, with each supervisor naming a male and female who they felt best represented the community spirit. Supervisor Jeff McKay (D-Lee) named Samantha Underwood and Kyle Talente as Lord and Lady for the Lee District. Kyle has been a longtime member of the Southeast Fairfax Development Corporation, including three terms as president. He also has worked to revitalize the Route One Corridor as a member of the Mount Vernon-Lee Chamber of Commerce. “Our job is to be economic facilitators for economic development and revitalization in Southeast Fairfax County,” Talente said in a public access TV interview. “We focus on four main areas. One is direct recruitment and interaction with the investment community, we support our existing businesses and potential new businesses who are looking to do business in the corridor. We try and educate and reach out to the community about what is going on, what we’re doing, what’s going on, as well as try and promote and change some of the perceptions of the corridor as a place to live, work and shop.” McKay praised Talente for his relentless efforts on behalf of the community. “We all benefit when our residents are willing to put their professional capabilities at the service of Fairfax County in a volunteer capacity. Kyle Talente exemplifies that kind of volunteerism and has no doubt spent almost as many hours volunteering as he has spent in his day job,” he said. “His energy, dedication and ability to communicate with the residential business communities have done much to further Route One revitalization.”
Below are a few of our new and current projects:
Housing Market Study
Market Study and Development Plan for Advanced Sustainability Campus