New Canaan Advisors Specializes in Helping Clients Turn What Was Into What Can Be!

New Canaan Advisors has worked with a wide range of clients — from some of the most iconic real estate in the country to a community park in honor of a hero. We help simplify the complex, unify multiple agendas, and move visions forward. We call it Dreams in Process.

We have assisted a wide range of public and private organizations in identifying and refining their future vision on a diverse array of high-profile projects. A sample of our endeavors is highlighted below:

  • CHICAGO UNION STATION

    Breathing new life into a classic station requires a unique vision!

    Provided development management, leasing, property management and financing for $250M redevelopment of station, designed by Daniel Burnham in early 1900’s, and addition of an 18-story tower.

    Project components included a 320-room upscale hotel, 80,000 square feet of destination retail, 610,000 square feet of Class A office space, and 225 luxury condominium units.

 

  • DENVER UNION STATION

Reimagining a classic station requires a special visioning process!

Beginning in 2002, the Regional Transit Authority needed the services of an expert multi-disciplinary team to prepare a global approach for a new mixed-use intermodal transportation centered around landmarked Union Station. Our team evaluated thirty alternatives and two preferred alternatives have been included in the final approved Master Plan. This 18 month effort also included assessing alternative public private governance and financial structures.

  • FULTON STREET TRANSIT CENTER

    Creating the 21st Century Transportation Hub is a unique challenge!

    Beginning in 2004, the MTA commenced this $1.4 Billion project to unite 11 separate subway a unified transit facility at Fulton Street. The new four story facility includes 25,000 SF of mixed-use and retail space with targeted opening of June 2014.

    Our team is assisting this effort by working closely with the MTA to help create a Public/Private Partnership under a single Master Lease for entire site. This effort also includes implementing innovative techniques to maximize net revenue for the Agency.

 

  • GRAND CENTRAL TERMINAL

Saving a “World Famous” Train Station is no easy job!

Beginning in 1997, Grand Central Terminal in NYC experienced a $200 Million total restoration over a three-year period.

Our team assisted this effort by designing and implementing a new special events program for Vanderbilt Hall (former Main Waiting Room) to revitalize and reinvigorate this underutilized 10,000 SF space and generate over $1.5 MM in annual incremental revenue.

  • HOUSTON METRO

    Creating a new light rail system “hub” involves specialized skills!

    In 2009, METRO Solutions was considering expansion of its existing light rail system and development of a new Northern Intermodal Terminal including “Great Space” north of Downtown Houston.

    Our team focused on transit-oriented aspects of the project with emphasis on master planning, market assessments, financial analysis, “right of way” negotiations and innovative operating structures to enhance project value.

 

  • WASHINGTON UNION STATION

    Saving a Grand Public Space demands an exceptional imagination!

    In 1988, after years of vacancy and deterioration, the building was completely refurbished at cost in excess of $175 MM. This included a new merchandising plan with over 120 stores, restaurants, cafes and a movie cinema providing more than 210,000 square feet of retail space.

    Our team arranged equity financing, interim and permanent debt financing, coordinated construction management, space leasing and property management services.

 

  • NJ INSTITUTE OF TECHNOLOGY

    Creating a new urban University experience requires unique vision!

    New Jersey Institute of Technology has commenced the planning stage for the University’s Campus Gateway Initiative. This is a multifaceted plan that will revitalize the campus and enhance community life both in and around the university grounds.

    Our team conducted extensive stakeholder survey and interview process examining the desired mix of services and amenities in creating a 1.5 million SF “college town” center.

    The end result was delivery of a Conceptual Master Plan highlighting prime locations for redevelopment along with a detailed financial assessment.

 

  • RUTGERS UNIVERSITY

    Accommodating a growing University population requires a special viewpoint!

    Rutgers – The State University of New Jersey needed to evaluate their real estate holdings for Highest and Best Use of their campus and housing.

    Our team conducted extensive stakeholders interview examining market demand across several product types while validating development costs.

    The end result was creating a set of conceptual plans for the target site along with pro-forma financials that ascribed a residual land value for each concept.

 

  • FISH CHURCH

    Saving a local landmark is no simple task!

    Since 1854, the First Presbyterian Church has served Stamford community. This 10 acre campus has housed this innovative and inclusive congregation since 1954.

    Our team recently assisted in evaluating alternatives for developing a parcel of of under used property to help secure the church’s long-term financial security. The concept is to enhance the local community through a mixed-use facility that supports numerous diverse local populations.

 

  • JACKIE ROBINSON PARK

    Honoring a local hero is a noble endeavor!

    Since 1996, the Jackie Robinson Park of Fame has served as the gateway to Stamford’s Westside community. This 1.6 acre park honors this sports legend that broke the color barrier in baseball.

    Our team recently facilitated reaching a common vision with community members for renovating and upgrading the area. The local Planning Board approved the elements chosen for the master plan that enhance both the park’s look and overall usability. Renovations will occur in Spring 2012.