PlanRVA Cushman & Wakefield | Thalhimer | 0 Real Estate Update PREPARED FOR Audit, Facilities & Finance Committee November 24, 2020 1:30 PM
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
PlanRVA Cushman & Wakefield | Thalhimer | 0
Real Estate UpdatePREPARED FOR
Audit, Facilities & Finance Committee
November 24, 20201:30 PM
Cushman & Wakefield | Thalhimer | 1PlanRVA
AGENDA
General Update - Process Since Project Inception
• Focus - Immersion & Programming
• Sightline Study by Baskervill
• Space Requirement Summary
• Program: 9,727 SF (currently leasing 16,035 SF - Subleased 1,600 SF to Homeward)
• Program: 324 SF per person (currently 481 SF per person)
• Path Forward - Relocate or Recast-in-Place
Cushman & Wakefield | Thalhimer | 2
REAL ESTATE MARKET UPDATE
COVID Impact
Tepid Activity
Work from Home & Impact
Landlord Outlook
PlanRVA
3Cushman & Wakefield | Thalhimer | 3PlanRVA
TIMELINE
4Cushman & Wakefield | Thalhimer | 4PlanRVA
PROCESS
Cushman & Wakefield | Thalhimer | 5PlanRVA
NEXT STEPS
Build Consensus on Relocationor Extension in Place
Immediate- Approach Landlord to develop space plan- Solicit construction pricing - Explore extension terms
Long Term - Evaluate relocation options
Related Documents
