case study:
Guardian Building
Role: Owner's Representative | Chief Development Officer
Status: Successful Completion
challenges
- Minimizing disruption of third-party tenants and retailers during 16-floor renovation
- Ensuring a seamless transition of hundreds of government employees
solutions
- Saved more than $11 million due to onsite value engineering and management
- Led a seamless and fully operational transition of IT infrastructure within a three-day weekend
scope of work
- Identified and aggressively negotiated the acquisition of a historic 500,000 SF building with over 2,000 parking structure spaces
- Acquired building for $14.5 million with construction budget of $44 million
- Furnished over half of the renovated building
- Planned the relocation of at least 500 employees over one weekend
- Demolished various floors with remediation of asbestos and mold
- Reconstructed Class A office space by furnishing 16 floors and integrating government-standard security IT infrastructure
project summary
- Acquired 500,000+ SF building with 2,000 spot parking garage for $25 million
- Renovated occupied building with budget of $44 million and actual cost of $33 million
- Built out and furnished over half of renovated building
- Planned the relocation of 500 employees during a three-day weekend
- Managed building and negotiated leases for remaining 250,000 SF
