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Amtrak has announced four teams that will compete to be selected as Master Developer for commercial elements of Chicago Union Station (CUS) and other neighboring properties:
Chicago Union Station Partners: Macquarie Corporate Holdings Pty, Ltd, Golub & Company LLC, and Walsh Investors, LLC. Primary General Contractor: Walsh Construction Company II, LLC; Master Plan and Architect: Gensler Architecture, Planning & Design P.C.; Engineering: Arup; Operations & Maintenance: Golub & Company LLC.
JLL Consortium: Jones Lang LaSalle Americas Inc., John Buck Company Fund V, Chicago Union Station Development Company, LLC, LaSalle Investment Management, Inc.; Design & Engineering: Pelli Clarke Pelli, Arup, Studio Gang; Operations & Maintenance: John Buck Co.; Property Management: Jones Lang LaSalle Americas Inc.
Riverside: Riverside Investment & Development; Structural Engineer: Magnusson Klemencic Associates; Rail Operations Interface Manager & Civil Engineer: WSP Parsons Brinkerhoff; Construction Management: Clark Construction Group; Operations, Maintenance & Retail Concession Manager: CBRE Inc.; MEP and Technology Engineer: ESD Global.
Sterling Bay LLC: SB Capital Partners II, LP, SBCP II Qualified Purchasers, LP; Design–Build Contractor: James McHugh Construction Co.; Design & Engineering: Skidmore, Owings & Merrill LLP; Operations & Maintenance: Sterling Bay LLC.
The Amtrak-owned area within the RFQ is 14.07 acres, which includes 613,075 square feet of total land area and 1,328,804 total square feet of building area, in addition to 1,679 parking spaces and approximately 3,000,000 total buildable square feet of excess air-rights.
The Master Developer will be responsible for all aspects of project delivery including an implementable Master Development Plan, design, construction, financing the potential operation and maintenance of non-rail assets, as well as identification of expansion opportunities and commercial development in the surrounding West Loop neighborhood.
InfraShares believs crowdsourcing should be considred as one of the potential financing tools for this P3 project. Crowdfunding can give local people the opportunity to invest in P3 projects and further enhance local economic benefits.
For more information visit: http://media.amtrak.com/2016/09/amtrak-narrows-the-search-for-a-chicago-master-developer/
Photo Credit: Amtrak / Chuck Gomez