successful value-add strategies for mixed-use, commercial development

lee s sobel

us epa’s smart growth program

real estate development and finance analysis

january 2005

Case Studies

• Mashpee Commons– Mashpee (Cape Cod), MA– Infill (greyfield) redevelopment program

• Haile Village– Gainesville, FL– Suburban development program

Mashpee, MA

Courtesy Mashpee Historical Commission Mashpee, Massachusetts

New Seaburry Shopping Center, Mashpee, MA, 1966

The Neighborhood of Mashpee Commons, Mashpee, MA

Mashpee site plans courtesy of Cornish Associates LP

Acquisition of New Seaburry Shopping Center 1985

Phase One 1989 - 1990

Phase Two 1989 - 1990

Phase Three 1993 - 1994

Phase Four 1994 - 1995

Phase Five 1997

Phase Six 1999 - 2001

Courtesy Russell Preston

Phase Seven August 2004

Courtesy Russell Preston

Future commercial

Haile Village Center, Gainesville, FL

Illustrator’s Rendering Courtesy of Haile Group

Haile Village Center Phase 1 - 1994

Haile Village Center Phase 2

Haile Village Center Phase 3

Courtesy Charles Bohl

Haile Village Center Phase 4

Haile Village Center Phase 5

Haile Village Center Phase 6 (Completion) - 2003

Q & A

• Lee Sobel• 202.566.2851• sobel.lee@epa.gov • US EPA’s Smart Growth Program• www.epa.gov/smartgrowth/