MacFarlane Partners logo
About Us Philosophy & Strategy Investments In the News Contact Us
 
Awards  
 


About Us » Awards

MacFarlane Partners invests in real estate that enhances and revitalizes the communities in which it is located. Properties in which the firm has invested that have been recognized for various accomplishments are highlighted below.


Bay Street Emeryville
San Francisco Bay Area

2007 Best Mixed-Use Development, Northern California
California Construction

2007 Mixed-Use Design Excellence Award
Multi-Housing News

2006 Market-Rate Residential Real Estate Deal of the Year
San Francisco Business Times 

Bay Street Emeryville is a 750,000-square-foot “urban village” in Emeryville, Calif., that has transformed a former industrial “brownfield site” along Interstate 80 near the eastern approach to the San Francisco-Oakland Bay Bridge into an eclectic district where people can live, work and play.

Situated along three city blocks connected by a main street (Bay Street), Bay Street Emeryville features 65 retail shops, 11 restaurants and a 16-screen theater in addition to the residences, which were built atop the street-level shops lining either side of Bay Street. Designed to reflect Emeryville’s industrial heritage, the project’s architecture, lighting, landscaping and environmental graphics create a unique, contemporary atmosphere.
 
Bay Street Emeryville was jointly developed by MacFarlane Partners and Madison Marquette Realty Services following extensive environmental remediation (funded by the City of Emeryville) of the site, which once housed a paint factory and a pesticide plant. The retail component opened in 2002, while the residential component, which consists of 284 rental apartments and 95 for-sale town homes was completed in 2006.
 
The apartments (originally named Metropolitan, but now called Bay Street Apartments at Windsor) rise four stories above the shops on the east side of Bay Street and offer a mix of market-rate and affordable rental housing; 20% of the apartments are designated for low-income residents, with the remainder of the units leased at market rental rates. Unit sizes range from 700 to 1,400 square feet.
 
The two-story town homes (called Bay Street One), meanwhile, were built above the shops on the west side of Bay Street. All of the units, which range from 900 to 1,300 square feet in size, have been sold.
 
(Read the San Francisco Business Times’ article on Bay Street Emeryville’s residential component being named Best Market-Rate Residential Real Estate Deal of the Year for the Oakland/Inner East Bay area here.


The Crossing | San Bruno
San Francisco Bay Area

2006 Pillars of the Industry Award, Best Interior Merchandising
National Association of Home Builders Multifamily Council


2004 Market-Rate Residential Deal of the Year
(Meridian Luxury Apartments)

San Francisco Business Times

2003 Residential Real Estate Deal of the Year
San Francisco Business Times

The Crossing | San Bruno is a master-planned community developed by TMG Partners and Regis Homes of Northern California that has transformed 20 acres of former U.S. Navy property near San Francisco International Airport on the densely populated San Francisco Peninsula.

Hailed as the city of San Bruno’s “new downtown,” The Crossing has ready access to both of the Peninsula’s major commute corridors (Interstate 280 and U.S. Highway 101) and is within walking distance of the Shops at Tanforan regional mall, a BART light-rail transit station (which provides public-transit service to San Francisco and much of the East Bay) and a Caltrain private-rail station (which connects San Francisco and San Jose).

MacFarlane Partners teamed with The Crossing’s master developers to build the community’s first phase -- the five-story, 300-unit Meridian Luxury Apartments, which was completed in 2004 -- as well as its second phase, the five-story, 185-unit Paragon Luxury Apartments -- which broke ground a year later. The properties lie adjacent to one another and feature a mix of market-rate apartments and rental units designated for low-income residents.

The venture involving the three firms sold both Meridian and Paragon to Archstone-Smith in December 2005 and March 2006, respectively. The two properties are now collectively known as Archstone San Bruno.

MacFarlane Partners also invested in the third phase of The Crossing: two five-story residential buildings with 187 for-sale condominiums (Grand Luxe Peninsula) and 163 rental apartments (Acappella Apartments) that broke ground in 2008. Completion is expected in 2010.


Hotel & Residences at L.A. Live
Los Angeles

2007 Development Deal of the Year
Real Estate Forum


The Hotel & Residences at L.A. Live will serve as the cornerstone of L.A. Live, a world-class entertainment and sports destination developed on 27 acres adjacent to the Staples Center and the L.A. Convention center in downtown Los Angeles.

MacFarlane Partners invested in the development of the 54-story high-rise through a joint venture with Anschutz Entertainment Group (AEG), which is master developer of the entire L.A. Live campus.

The Hotel & Residences at L.A. Live, which broke ground in 2007, will consist of an 878-room JW Marriott Hotel; a 123-room Ritz-Carlton Hotel; ballroom and conference space; and, on its upper floors, 224 Ritz-Carlton Residences luxury condominiums. It is expected to be completed in 2010.

In selecting the property as its Development Deal of the Year for 2007, Real Estate Forum noted that the Hotel & Residences at L.A. Live “promises to change the face of downtown Los Angeles.”

The entire L.A. Live campus encompasses 5.4 million square feet and also features the Nokia Theatre LA. Live (home to the EMMY Awards, the ESPY Awards and the American Music Awards), a 14-screen Regal Cinemas, Wolfgang Puck Bar and Grill, the GRAMMY Museum, and ESPN’s West Coast headquarters, all of which are centered around a 40,000-square-foot, open-air plaza.


Metropolitan Lofts
Los Angeles


2007 Pillars of the Industry Award, Best New Loft Community
National Association of Home Builders Multifamily Council

2005-06 Best Multifamily Mid-Rise Architectural Award
Los Angeles Business Council

Metropolitan Lofts is an eight-story residential building in downtown Los Angeles built on a former commercial/industrial site one block east of the Staples Center that had been used most recently as a surface parking lot.

MacFarlane Partners invested in the development of “Met Lofts” through a joint venture with Forest City Residential. The property, which was completed in 2006, encompasses 266 rental apartments (20% of which are designated for low-income residents), 8,500 square feet of ground-floor retail space, and an attached parking structure.

Met Lofts features loft-style apartments with high ceilings, open floor plans and expansive window areas. Property amenities include a lap pool with an extensive sun deck, an indoor fitness center, and an interior courtyard with a fire pit.

Met Lofts is operated on a site that is subject to a long-term ground lease from the Community Redevelopment Agency of Los Angeles.


Time Warner Center
New York City

2005 Award for Excellence in Mixed-Use Development
Urban Land Institute


One of the most widely accaimed urban developments of recent years, the Time Warner Center is a mixed-use high-rise complex built on the former site of the New York Coliseum along Columbus Circle in Manhattan, directly opposite Central Park.

Completed in 2004, it consists of two 80-story towers and features more than one million square feet of office space (including Time Warner’s world headquarters), a Mandarin Oriental Hotel, The Shops at Columbus Circle destination-retail venue, residential condominiums, Jazz at Lincoln performance facilities, and a public parking garage.

The entire project, which took more than five years to plan and develop, was built as separate components, each of which is owned independently from the others.

MacFarlane Partners teamed with the Time Warner Center’s developers, The Related Companies and Apollor Real Estate Advisors, to build two of the components: the below-grade parking garage and The Shops at Columbus Circle, which features nearly 50 upscale shops and restaurants on the Time Warner Center’s two lower concourses and its first four floors.

In awarding the Time Warner Center its coveted Award for Excellence in 2005, the Urban Land Institute considered the property’s design, construction, economic viability, marketing and management, calling it “a city within a building more than building within a city.”

(Read ULI’s 2005 Award for Excellence review of the Time Warner Center here.)


The Uptown
San Francisco Bay Area


2008 Apartment Project of the Year
Builder & Developer

2005 Land Deal of the Year
San Francisco Business Times

The Uptown is a residential community that represents the first phase of a redevelopment plan for a key stretch of downtown Oakland near the 19th Street/Oakland underground-rail public-transit station operated by the Bay Area Rapid Transit (BART) district.

Completed by Forest City Residential and MacFarlane Partners in 2008, the transit-oriented development features 665 rental apartments (25% of which are designated for low- and middle-income residents) and 9,000 square feet of street-level retail space spread throughout three mid-rise buildings. A 25,000-square-foot public park also was built on the site.

In addition, the Uptown has been certified as a LEED Silver residential community under the U.S. Green Building Council’s LEED rating system.

It is operated on a site that is subject to a long-term ground lease from the Oakland Redevelopment Agency. The ground lease executed by the Forest City/MacFarlane Partners venture was named 2005 Land Deal of the Year for the Oakland/Inner East Bay area by the San Francisco Business Times in March 2006.



ABOUT US | PHILOSOPHY & STRATEGY | INVESTMENTS | IN THE NEWS | CONTACT US | HOME
© 2010 MACFARLANE PARTNERS. ALL RIGHTS RESERVED.