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Cushman & Wakefield Retained By Noisette To Bring To Market One Of The Largest Sustainable Redevelopment Projects In The U.S.
11 Apr, 2007, North Charleston, SC
Cushman & Wakefield, the world’s preeminent real estate services firm, announced today that The Noisette Company, LLC, has appointed the firm consultant for one of the largest sustainable redevelopment project in the United States, the 340-acre The Navy Yard at Noisette. The Navy Yard is the urban heart of the 3,000-acre Noisette Community, a master-planned, sustainable revitalization effort in North Charleston called The New American City.
The Navy Yard at Noisette is a master planned sustainable (environmentally-conscious) redevelopment on the grounds of the former North Charleston, SC Navy base. The project is directed by one of the leading sustainable development experts in the U.S., Noisette Company CEO, John L. Knott, Jr. Noisette Company developed the master plan for the City of North Charleston for the entire Noisette 3,000 acre area. Noisette has been successful in acquiring and entitling the Navy Yard for up to 6 million square feet of commercial development and up to 5,600 units of housing.
Cushman &Wakefield Global Consulting will provide development advisory services to develop a “go to market” strategy utilizing a multi-disciplinary team of professionals, including capital markets, valuation, multi-family, retail, hospitality and commercial brokerage services. Cushman & Wakefield Alliance member, Coppedge & Tison, will provide local brokerage services and an extraordinary level of local market intelligence. Led by Managing Director of Development Advisory Services, Peter Waldt, Cushman & Wakefield will utilize professionals from its New York, McLean, Va. and Atlanta offices.
“This is an exciting project for Cushman & Wakefield and Noisette,” said Mr. Waldt of Cushman & Wakefield. “This is one of few urban development opportunities in the coastal Southeast, and one of the largest sustainable developments in America,” he said. “C&W has the highly specialized expertise and wherewithal to assist clients in bringing large urban infill sites such as this to market.”
Cushman & Wakefield’s Global Consulting Group’s Development Advisory Services has several innovative initiatives. These include ground-breaking brownfields financing, utilizing sports facility financing techniques to bring sponsorship to real estate, providing Native American tribes the opportunity to maximize their real estate value, and ensuring clients receive best-in-class advice in complex, multi-party transactions.
About Cushman & Wakefield
Cushman & Wakefield is the world’s largest privately held real estate services firm. Founded in 1917, the firm has 201 offices in 55 countries around the globe, and 11,000 talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133, or visit the firm’s Web site at www.cushmanwakefield.com.
About The Noisette Company, LLC:Based in North Charleston, SC, The Noisette Company, LLC is directing the redevelopment of the 340-acre urban core, also known as, The Navy Yard at Noisette, currently one of the largest sustainable urban renewal projects in the United States. Over a 15-year build out, the Noisette redevelopment is projected to encompass a $2 billion aggregate public-private investment designed to revitalize the 3,000-acre area of the City of North Charleston. More than 10,000 housing units and up to 12 million square feet of commercial space are planned for Noisette. The Noisette redevelopment also includes a number of affiliated non-profit initiatives, including a $30 million restoration of Noisette Creek, job skills training programs and social justice initiatives. In 2005, the Noisette Community Master Plan was awarded top honors by the American Society of Landscape Architects, as a model for community redevelopment throughout the United States. For more information on the Noisette Project, visit www.navyyardsc.com, www.noisettesc.com, or email email@example.com.