Services
Development, Investment & Advisory Services
Companies, retailers and residents are increasingly returning to the urban core to capture the value of transit access, high densities of human capital, walkability and social/recreational opportunities. Creating real estate solutions to meet the growing demand in these markets requires a set of unique skills and tools. Environmental considerations, public outreach, historic and adaptive re-use, and the integration of local, state and federal tax credit/subsidy programs are just a few of the challenges facing any urban development project.
With more than a decade of experience delivering real estate projects in cities across the US and internationally, BDP's principals have the skills, relationships and know-how to deliver transformative projects that meet the needs of the most discriminating end users.
Development & Investment
Advisory Services
Within our own portfolio and working in partnership with investors, property owners and tenants, BDP is a full-service real estate developer with experience delivering commercial and mixed-use projects, often with public subsidies.
Representative Project Experience:
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Development of a $33M adaptive reuse project using New Markets and Historic Tax Credits
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Acquisition and repositioning of a 66-unit multifamily building to serve veterans experiencing homelessness
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Development of a social-impact financing strategy that is on pace to deliver more than 500 units of affordable housing without using federal Low Income Housing Tax Credits
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Acquisition and financing of a $14M manufacturing facility in a severely distressed neighborhood
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Successful rehabilitation of more then twenty blighted and abandoned properties using PA's conservatorship law in partnership with a social impact equity fund
BDP also provides advisory services for local governments, non-profits, hospitals/universities and others seeking real estate and community economic development solutions that can range from a single property to an entire neighborhood.
Areas of Focus:
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Deployment of capital into federal Opportunity Zones
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Development of community land trusts and other neighborhood housing strategies
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Campus and property redevelopment strategies for hospitals/universities
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Real estate development/asset disposition strategies for community-based non-profits
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Establishment of community-wide development organizations
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Financing strategies for integrating local/state/federal development incentives into a project's capital stack