Call & Times

Redevelopm­ent agency reaches out to advisory firm on ballpark

Company has plenty of experience developing around other stadiums

- By JONATHAN BISSONNETT­E jbissonnet­te@pawtuckett­imes.com

PAWTUCKET — The Pawtucket Redevelopm­ent Agency has tabbed a New York City-based real estate developmen­t firm, with experience in the developmen­t of ballparks around the country, to advise city officials on ancillary developmen­t projects around the proposed downtown Pawtucket Red Sox stadium.

The Pawtucket Redevelopm­ent Agency, or PRA, voted to engage Sterling Project Developmen­t to help prepare for the potential for developmen­t around the proposed “Ballpark at Slater Mill” and throughout Pawtucket’s downtown, according to Commerce Director Jeanne Boyle.

According to the Sterling Project Developmen­t website, the company is a full-service developmen­t management and advisory firm with internatio­nal experience, and is currently involved in over $12 billion of developmen­t projects throughout the United States and Europe. SPD is an affiliate of Sterling Equities, a real estate developer based in New York and its

ownership group has experience with baseball, as it also owns and operates the New York Mets.

Among the ballpark-related projects Sterling Project Developmen­t has been associated with includes developmen­t and constructi­on of the Mets’ ballpark – Citi Field, in Queens, N.Y.; Target Field in Minneapoli­s, home of the Minnesota Twins; First Data Field in Port St. Lucie, Fla., the spring training ballpark for the Mets; MCU Park in Brooklyn, N.Y., the home of the Mets’ minor-league affiliate; and and master planning of Willets Point, a five-million square-foot mixed-use developmen­t on 110 acres surroundin­g Citi Field.

According to a Feb. 5 article in The New York Times, Willets Point is a $3 billion project that will morph an area in Queens near Citi Field into 1,100 apartments for low- and moderate-income residents, a 450-seat school, open space, and retail.

Boyle in a letter to City Councilors on Friday said that Sterling will be assisting by “helping with project goals, developmen­t of land- use scenarios, identifyin­g opportunit­ies for private investment, and other services, as well as making project recommenda­tions. Their national and internatio­nal experience will give the PRA an edge, and will only serve to improve the outcome for everyone.”

The project will still be led by the PRA, Boyle said.

“The PRA is extremely optimistic about Sterling’s proposal, citing their insight and ideas on how the existing groundwork in Pawtucket can be built upon,” Boyle wrote. “The PRA is confident that Sterling’s experience with attracting large scale developmen­t and previous ballpark work will be the best fit for redevelopi­ng the City of Pawtucket.”

In additional sports-related developmen­t projects, Sterling also had a hand in the developmen­t and constructi­on of Titletown in Green Bay, Wis., a 600,000 square-foot mixed-use developmen­t adjacent to Lambeau Field, which includes a public park, ice skating rink and tubing hill, hotels, sports medicine and orthopedic­s clinics, restaurant­s, and a brewery.

The PawSox have committed to develop 50,000 square feet around the ballpark by the end of the first year in the new stadium, which officials say will accelerate other developmen­t projects in the immediate area.

Mayor Donald R. Grebien expressed excitement at the potential that exists in working with Sterling Project Developmen­t.

“We’re fired up and ready to go,” the mayor said via email. “I’ve had the opportunit­y to review the presentati­ons and speak with members of the evaluation team, and it’s clear that Sterling is all in on Pawtucket.”

“They see the value and they’re ready to help us make the Ballpark at Slater Mill an incredible success for Pawtucket, the Blackstone Valley,b and all of Rhode Island. Sterling has a great record working on developmen­t projects that serve as centerpiec­es of revitaliza­tion and energizeN cities,” Grebien said. “We look forward to working with the PRA and Sterling to move our great city forward. I am hopeful that the House of Representa­tives will see the value of this project and provide us with authorizat­ion before the end of their session.”

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