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Kornwasser & Friedman Regional Shopping Center
Developer (Price Club Partner), Santa Monica, CA
After:
Plan was created for
major shopping center, entertainment, hotel complex
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Engaged to help Price Club-financed real estate developer win exclusive rights to build and manage half-billion-dollar “shopping – entertainment – hotel” complex on prime real estate in the City of Burbank, and especially to gain the right to construct a Price Club retail outlet on this important property - countering extensive lobbying by the city’s mayor “against” Price Club. The process included strategizing and coordinating with architects, developers, consultants, graphic artists, illustrators and city officials to ensure competitive proposals were developed that met the City of Burbank’s complex and changing criteria while overcoming the mayor’s intractable stand against our client. Our work included assisting with proposal development and creating all technical proposals and promotional materials for this 7th largest mall project in California. Results included winning the right to build a Price Club on the property and control of “half” the project in coordination with another major developer. Although the win represented $250MM of annual rental revenues and gained approval for the building of a Price Club on a property clearly earmarked “against” having a Price Club, Sol Price, founder of Price Club passed on the project in protest.
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