Century Pacific, LP

Project and Land-use Feasibility Analysis

Project and land use feasibility analysis is the process of evaluating unimproved or under-improved real estate to determine its potential. Whether the objective is rezoning, development, leasing, or sale, it is vital for the owner or purchaser to have a clear vision of available options. The starting point is a strategic assessment of the asset, its current status, its value, its potential and a plan to realize this potential. The principals of CenturyPacific have analyzed hundreds of sites and buildings for development potential and financial feasibility. Project and land-use feasibility analysis services include:

  • Site or building analysis
  • Regulatory constraints/opportunities
  • Financial feasibility
  • Development options
  • Market analysis
  • Action plans

Urban Development

The "Ditty Block" was a 218,000 sf parcel located in downtown Bellevue, Washington. CenturyPacific was retained to assist the owners in developing a comprehensive strategy for development and disposition of the parcel. Acting as the development advisor, CenturyPacific managed the various land-use and assemblage issues and sold the property. The block is now the site of Lincoln Square.

Large Parcel Analysis

CenturyPacific was retained to evaluate three large residential land assemblages in Colorado, New Mexico and Arizona for The Conservation Fund. CenturyPacific also structured an acquisition proposal and assisted The Conservation Fund with acquisition negotiations. Additional parcel analysis for this client included evaluation of a former steel mill (Milwaukee, WI), a mine site (Victorville, CA), a 4,000-acre wetland site (New Orleans), a New Orleans office building, a former appliance factory (New Britain, CT), numerous business parks and many other such assets.

Manufacturing Building

CenturyPacific completed a value estimate and disposition strategy which was used in the sale of 206,000 sf software manufacturing facility.