Public Venue/Audience Support
Vantage Point Real Estate Development Management, LLC professionals have long been involved in all types of public and private audience-support and group meeting facilities, ranging from passive cultural facilities to large complexes catering to sports and entertainment events. Use of creative and innovative techniques, such as asset bartering and air rights leasing, have been employed to cause construction of some public venues. The usual implementation approach includes performing an initial market analysis to determine supply and demand potentials. Programming of these facilities also often requires preparing, administering and tabulating the results of user surveys geared to better understand local and non-local market demand. Analyses of competing facilities, as well as their schedules of rates and charges, are typical programming tasks. After producing preliminary design concepts and estimating capital costs, financial analyses are performed to better identify and understand the likelihood and magnitude of any operating deficits or debt service shortfalls projected once these facilities would open.
Performing Arts Complexes
Performing arts complexes can now be found in communities of all sizes, and form the focus for a variety of local cultural activities. Typical projects include stage and rehearsal areas, studios, classrooms and lecture halls used to support productions, readings and other arts-related events.
Convention and Civic Centers
Often tied to development of nearby hotel facilities, civic and convention centers have been programmed to provide durable space for trade shows, as well as more-polished meeting and banquet space, with break-out rooms, fixed-seat theaters and auditoriums.
Conference centers have been developed primarily to satisfy the IT requirements of specialized meetings consisting of upper-level management, as well as planning and education/training seminars. Conference centers are perhaps the most rapidly growing sector of the meetings industry. Clients have engaged our senior professionals to work on their projects, which have resulted in construction of executive, corporate, resort and non-profit conference centers.
Sports and Multi-Purpose Facilities
The economics of spectator facilities is a highly specialized area of assessment. Our senior professionals have been on the forefront of providing market and financial advice for these types of facilities sought in several communities.