KMA is the real estate advisor to the Grand Avenue Committee (GAC) and the Joint Powers Authority (JPA) responsible for implementing the development plan for the $2.0 billion Grand Avenue mixed-use project.  KMA provided assistance throughout the developer selection process, including assistance in drafting the Request for Proposals, evaluating the respondents’ qualifications and the economic feasbility of the financial proposals.  Following selection of the Related Companies, KMA advised the GAC and JPA in the business and financial structure which included both ground lease negotiations and the preparation of public revenue projections for tax increment, sales, parking and utility user taxes.

The multi-phased development includes 3.6 million square feet on nine downtown acres.  Completed development includes the Emerson mixed-use tower, the Broad Museum and the 12-acre Grand Park.  The Grand mixed-use project is currently under construction, and it includes a 45-story residential tower, a 28-story Conrad hotel, and 164,000 square feet of shopping, dining and entertainment space.