ECI DEVELOPMENT SERVICES, LLC
In 2003, ECI formed ECI Development Services, LLC (EDS), and recruited two senior executives from Chicago-based REIT, Urban Shopping Centers, Inc. (NYSE:URB), and JMB Realty to lead the company. Headquarters were established in Richmond, VA. EDS is responsible for design and implementation of urban redevelopment master plans. EDS also provides third-party real estate development, management, and ownership representation services.
PUBLIC/PRIVATE PARTNERSHIPS
ECI also has extensive experience in urban redevelopment, including structuring public/private partnerships with municipalities, airports, sports arenas, and convention centers.
City of Richmond—In 2003, ECI master planned and provided financial and development services to the City of Richmond, Virginia. The City of Richmond project initially included The Broad Street Community Development Authority (CDA), which was the largest urban CDA of its time in the country. The initial master plan provided ECI with a challenging mixed-use national historic renovation project. In 2007, ECI converted the former Miller & Rhoads department store building into a mixed-use project; anchored by a new Hilton branded hotel with a residential and retail component. The entire mixed-use project was approximately 500,000 square feet. For its uniqueness, this project won high praise and a number of industry-recognized awards.
Midtown Crossing—In 2006, ECI master planned and provided development services for Mutual of Omaha’s one million square foot mixed-use Midtown Crossing. ECI integrated seven newly designed and constructed buildings into the Mutual of Omaha headquarters campus. Midtown Crossing included a new Westin Element Hotel, over 230,000 square feet of retail, including a dine-in movie theater, full-service grocery, full-service health club, many fine dining and casual restaurants, and complimentary retail services, 600 residential units, and over 3,000 spaces of parking. The new construction surrounded a newly-designed multi-use Turner Park offering high-profile outdoor events. The new Turner Park became home to many of Omaha’s established venues as well as being the new home to Omaha’s Jazz on the Green series. The highly acclaimed Midtown Crossing development has received dozens of awards, both national and international. www.midtowncrossing.com
ECI has invested in airport parking companies, including ownership and operations of the parking facilities at T.F. Green Airport in Providence, Rhode Island, which ownership interest was sold in 2004.
Since its inception, ECI has participated in excess of a billion dollars in financial and real estate projects.
|
