ANNAPOLIS, Md., Dec. 28, 2016 /PRNewswire/ -- The City of Miami Beach (City) has engaged The Concourse Group, LLC (Concourse) as its public private partnership (P3) development advisor for development of affordable and workforce housing projects at multiple locations throughout the City.
The City intends to partner with the private sector to develop workforce housing in municipal-led development projects at existing or new residential buildings and new mixed-use parking garages, as well as other locations as available. Concourse will assist with the competitive procurement process, the development of procurement documents, evaluation of technical and financial capabilities of potential partners for the City, and participate in the negotiation process.
Tom Shea, a Concourse principal, said, "Concourse is well suited to assist the City with this exciting P3 program. Our affordable housing team, led by industry-veteran John Benton, understands how to overcome the challenges in providing quality affordable and workforce housing and is looking forward to being a part of this important program."
About The Concourse Group
The Concourse Group, headquartered in Annapolis, Maryland with offices in Washington, DC and Denver, CO, was founded in 2001 and provides consulting support in privatization, affordable housing, real estate finance, development, planning, and economics. The firm provides end-to-end real property consulting throughout the entire property lifecycle to optimize its client's portfolio. Concourse represents multiple Housing Authorities, cities and local jurisdictions, as well as the U.S. Navy and U.S. Army across the country.
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SOURCE The Concourse Group, LLC