Public Sector Project Examples
Village of Pinehurst Small Area Plans Market Analysis
Pinehurst, North Carolina
Duggal Real Estate Advisors, LLC was part of an interdisciplinary team led by Design Collective hired to complete Small Area Plans for two areas in the Village of Pinehurst. The Village of Pinehurst is located in Moore County, North Carolina southwest of Raleigh-Durham, east of Charlotte, and west of Fayetteville.
The market analysis was one step in the process to determine the feasibility of land uses within the Village of Pinehurst and the study areas. It ascertains the quantitative and qualitative aspects of demand for land uses that might be appropriate for future development in the study areas and quantifies the potential scale and timing of these uses.
Public Works & Public Utilities Relocation Analysis
The City of Chesapeake was considering redeveloping or relocating the Public Works and Public Utilities (PW/PU) facilities from a site on Greenbrier Parkway to a greenfield site in another part of the city. The existing buildings were in need of renovation, and prior to spending the money on the redevelopment of the site, the question arose as to whether the site, given its location near Greenbrier Mall, would be more valuable if it were sold for private development.
The objectives for this study were to:
Determine the market opportunity for commercial (retail, office, or industrial) land uses at the Greenbrier site.
Compare the costs and revenues associated with redevelopment of the Greenbrier site compared to moving the facilities to a new site.
Understand other criteria (besides costs and revenues) that may impact the decision to move the facility.
Provide recommendations in the form of a side-by-side analysis of both of the scenarios in terms of costs, revenues, and other criteria.
Prince George's Plan 2035 Approved General Plan Five-Year Evaluation (2019)
Prince George's County, Maryland
Duggal Real Estate Advisors, LLC was on a team with Wildan Financial & Economic Consulting Services to evaluate Plan 2035. The Plan 2035 Evaluation Report quantifies the key Indicators of Success from Plan 2035 and identifies where progress has been made and where progress has yet to occur. The report concludes with new recommendations to adapt, manage, and adjust Plan 2035 goals, policies and strategies to stay current with demographic, economic, social, and environmental trends affecting Prince George’s County, thereby ensuring future progress toward goals. Duggal Real Estate Advisors helped to analyze the key indicators of success and provided recommendations to adapt and adjust Plan 2035.
Downtown Master Plan Market Study
Mount Airy, Maryland
The Town of Mount Airy hired Duggal Real Estate Advisors as part of a team assembled by Design Collective to develop a Downtown Master Plan to serve as a 10-year Strategic Plan for the Downtown Area and Center Street Corridor. The downtown area is a destination for residents and tourists and is in need of a plan that provides a clear vision and achievable action items to encourage and guide development and investment in both real estate and infrastructure.
The Town of Mount Airy is a suburban bedroom community of 9,800 residents located approximately 60 miles northwest of the Washington, D.C. and Baltimore metropolitan areas. Mount Airy is also located within a four county area, with a regional population of approximately 40,000 residents making it highly accessible to several local job markets.
Although the Town has seen significant growth over the last twenty years, it still retains its small town charm.
Housing Market Analysis
Ranson, West Virginia
Ranson, West Virginia is undergoing an interesting transition from a small industrial town to a community that blends a developing commercial district, major corporations, and quiet residential neighborhoods. With this in mind, the City of Ranson required a better understanding of the housing market’s role in community planning and economic development.
Duggal Real Estate Advisors conducted a comprehensive market study of the for-sale and for-rent residential markets in Ranson to guide the City in understanding key housing issues, market opportunities and barriers, and other issues that may impact community development. Ultimately, the analysis provided insight on housing priorities and what steps should be taken to ensure adequate provision of housing over the short- and mid-terms.
Duggal Real Estate Advisors in conjunction with George Mason University worked on a study in the Algonkian District of Loudoun County, Virginia to understand challenges and opportunities for revitalization from the viewpoint of store owners and property managers. We delivered a white paper to the District Supervisor's office that described findings, identified challenges and other barriers to growth, and provided opportunities for further strategy development.