Century | Urban

Schlage Lock

Century | Urban was engaged to review and analyze pro forma assumptions and residual land value calculations to confirm that the resulting residual land values in the financial pro forma model for the Schlage Lock development project in San Francisco, California, provided a reasonable basis for negotiations between the various stakeholders.

SCHLAGE LOCK PROJECT DEVELOPMENT

SAN Francisco, CALIFORNIA

December 2013 – August 2014

Century | Urban was engaged to review and analyze pro forma assumptions and residual land value calculations to confirm that the resulting residual land values in the financial pro forma model for the Schlage Lock development project in San Francisco, California, provided a reasonable basis for negotiations between the various stakeholders.  The Schlage Lock project is a master-planned project located in the Visitacion Valley area of San Francisco, which encompasses almost 20 acres of land on the former site of a Schlage Lock factory.  In addition to the program outlined below, the project includes rehabilitation of an historic building (25% of the interior space will be dedicated to community use) and over two acres of community open/green space.  Century | Urban performed a full review of the financial pro forma model.


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Project Sponsor                         Universal Paragon Corporation                                     

Site Area                                     20 acres

Development                             1.7 million square feet

Project Phases                           N/A

Parcels                                        12 separate parcels

Office                                         N/A

Residential                                  1,679 units

Retail                                           46,700 square feet

Parking                                        1,819 parking stalls

Entitlements                               2006 to 2014

Construction                              2014 to 2024