|Public / Private Partnerships|
Lowe Enterprises has provided real estate services to public and private property owners since its founding in 1972. The firm's entrepreneurial and innovative approach, coupled with its fiduciary perspective honed over decades of providing service to real estate property owners, positions Lowe as the ideal partner for public entities. Lowe's proven track record in Public Private Partnerships (P3) enables public owners to tap into the company's rich expertise and owner's perspective in financing, designing, securing sites, developing and operating real estate projects. Lowe has developed P3 projects totaling 4.4 million square feet and valued at more than $1 billion. Lowe's partners include governmental agencies such as the US Federal Government, District of Columbia, County of San Diego, City of Compton and City of Brea. The firm's educational partners include the University of California, Berkeley, Brea-Olinda School District and University of California, San Diego.
Recent projects range from a senior center or parking structure, to as large as a 1.3 million square foot mixed-use urban residential and retail complex. Whether by financing, investing, developing or managing P3 projects, Lowe strives to meet the needs of its partners while enhancing its local communities.
For more information about Lowe's P3 business, please contact:
San Diego and Orange County
Los Angeles Area
|San Diego, CA|
|San Diego Community College District/IDEA District
The San Diego Community College District (SDCCD) selected the team of Lowe Enterprises and I.D.E.A. Partners to enter into a long-term ground lease and create a mixed-use development in the I.D.E.A. District on a full city block in downtown San Diego. Lowe and I.D.E.A. Partners’ plan for the 1.37 acre site is to create an urban mixed-use project with creative office space, apartments and street level shops and restaurants. This development is designed to be the catalyst for the 95+acre I.D.E.A. District, Innovation+Design+Education+Arts, an innovative approach to creating a vibrant jobs cluster at the intersection of design and technology.
|El Toro Marine Base
The County of Orange Board of Supervisors approved the selection of Lowe Enterprises to provide master planning, pre-development and property management services for the development of a 100-acre parcel at the former Marine Corps Air Base, El Toro, in Irvine. Lowe was selected through a competitive qualification process. Lowe will aid the County in developing a master development plan that provides the highest and best use for the 100-acre parcel which will include creating an infrastructure phasing plan and securing entitlements. The site is located between the planned Orange County Great Park Master Plan and the Orange County Transportation Authority Metrolink.
|Culver City, CA|
Lowe was selected to serve as developer for a mixed-use, urban infill project at the phase I terminus of the new Metro Expo light rail in Culver City, California. The Washington/National project will comprise a dynamic mix of residential, office, retail, and hotel properties at the five-acre transit station property. The project is expected to include approximately 500,000 square feet within a gateway development linking two historic downtown areas of the City. The Expo light rail service will open in 2012 serving a route to downtown Los Angeles. Phase II of the Expo rail service will ultimately connect further west to Santa Monica. The Washington/National development will be the first large-scale mixed-use development located on the Expo line.
|Compton Senior Activity Center
Lowe was selected through a public-private partnership to serve as the development manager for a Senior Activity Center and parking facility in the City of Compton, CA. Lowe’s selection is the result of more than two years of discussion and planning with the community, the Redevelopment Agency and the City. The 30,000-square-foot center and 300-space parking structure will be developed using $24 million of tax allocation bond proceeds available from the Redevelopment Agency’s 2010 bond program. The project was completed in early 2014.
|San Diego, CA|
|County Operations Center
In 2008, Lowe was selected by the San Diego County Board of Supervisors to develop the County Operations Center in Kearny Mesa. The 38-acre County Operations Center site is being redeveloped into a modern, efficient campus with approximately 900,000 square feet of office space, built to LEED Gold Certification standards, along with service buildings and parking. The first phase consists of the central plant, two office buildings, a conference center. The second phase is comprised of two additional office buildings, a cafeteria and an additional parking structure. The third phase added two more office buildings to the campus. The final phase includes a crime lab and fleet facility. The Center features sustainable design incorporating a variety of energy efficient, green building technologies.