Symphony Tower - CABQ Skyline Competition - RFP 02-2017

ALBUQUERQUE SKYLINE COMPETITION
R E Q U E S T F O R P R O P O S A L | R F P 0 2 - 2 0 1 7 | J U L Y 1 4 , 2 0 1 7
S Y M P H O N Y T O W E R L L C
July 14, 2017
Mr. Matthew Butkus

Metropolitan Redevelopment Agency
Planning Department
City of Albuquerque
One Civic Plaza
Albuquerque, NM 87102
Re: Albuquerque Skyline Competition Submittal
Dear Mr. Butkus,
Attached please find our response to the request for proposals for the Albuquerque Skyline Competition. Since 1882, the motto of
the State of New Mexico has been Crescit Eundo meaning It grows as it goes. The motto was carefully selected as a reference to
dynamic progress. Our team is made up of a group of professionals who have either been born, raised, and educated in New Mexico
or lived here most of their lives. We strongly believe in the dynamic progress of this great State. We strive to emulate this in the core
values of the teams and businesses we have built under this premise while continuing to enhance and further local opportunities.
The City of Albuquerque has provided a unique opportunity to accomplish this vision. Not only will it create a financial boost to our
local economy, it will be a stunning beacon to the world that Albuquerque is finally rising out of the ashes of the financial crises.
Our goal is to create, develop and operate a successful, vibrant, first class, mixed-use development project that not only meets, but
exceeds the goals and expectations of the City of Albuquerque and becomes the beating heart of a newly revived downtown.
To demonstrate the skills and strengths that this project requires, we have assembled a team of investors, operators and developers
who, if selected, will form Symphony Tower LLC, a New Mexico limited liability company to own and operate this project. It is a
collaboration of successful Albuquerque businessmen who bring individual and specialized skills in the fields of architecture,
construction, development, project financing, leasing/sales, and operations. This proven and experienced team has the experience to
successfully navigate the various complexities and challenges of a project of this magnitude and significance. Most importantly, we
believe in the City of Albuquerques vision for this unique structure and the potential of our downtown. We will bring all the tools required
to maximize the impact of this development and our commitment to a long-term partnership with the City of Albuquerque and its citizens.
We will substantiate our clear understanding of this opportunity by providing many of the pieces of what is needed and missing
in downtown in the form of for-sale residential product, 160 rooms of hotel space to help whittle away at the 400 rooms needed to
make the Albuquerque Convention Center successful, 21st century office space to help meet the needs of tech firms that are being
attracted to Albuquerques downtown, much needed parking, retail space, and green space to put the there into the center of the
City. All of this will be included in what will be the tallest, most dramatic and beautiful building in the State. It will become the talk of
the Southwest with its 10th floor cantilevered swimming pool and outdoor deck.
As loyal and consistent supporters of downtown, you have a personal and team commitment that this project will be a success.
Sincerely,
David L. Silverman
Managing Member
Symphony Tower LLC
(to be formed)
T W O H U N D R E D O N E C O A L A V E N U E S W | A L B U Q U E R Q U E , N M 8 7 1 0 2
tab le o f co n t e n t s
A. DEV ELO PMEN T O V ER V I EW
1. Contact Information. . ................................................................................... 1
2. Project Summary......................................................................................... 1
B. CO N S I S TEN C Y WI TH TH E C I TY S PR O JEC T G O A LS
1. Iconic and Skyline Defining Building............................................................ 3
2. Vitality. . ...................................................................................................... 7
3. Catalytic Economic Redevelopment.............................................................. 8
4. Contribute to the Goals Outlined in the Downtown Plan. . .............................. 11
5. Experience.................................................................................................. 12
6. Parking.. ...................................................................................................... 15
C. BEN EFI T TO TH E S U R R O U N D I N G C O MMU N I TY

1. B enefi t to the C om m uni ty. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 6
D. FI N A N C I A L S TR U C TU R E
1. Proj ect B udget .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 7
2. Fi nanci al Pro-Form a.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 8
E . FI N A N C I A L C A PA C I TY
1. Letters of I nterest .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i
2. Proposer Fi nanci al R i sk.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 6
3. O ther Fi nanci al O bl i gati ons .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 6
4. Fi nanci ng R eferences. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v i i
5. Fi nanci al S tatem ents .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . x
F. CI TY A S S I S TA N C E.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 7
G. PR O JEC T D ETA I LS
1. Ti m e Fram e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 9
2. Proposed C hange to Exi sti ng Zoni ng or D esi gn C onstrai nt s. . . . . . . . . . . . . . 2 9
3. O ther I nform ati on. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 9
SYMPHONY TOWER, LLC APPEND I X

201 Coal Ave. SW Appendi x A: R esum es
Albuquerque, NM 87102 Appendi x B: C al l i sonR TK L Experi ence
Appendi x C: D ekker/Peri ch/S abati ni Experi ence
tel 505.294.8625 Appendi x D: A ppl i cati on for R eservati on of C om pany N am e
A. DEVE L OP ME N T O V E R V I E W
View looking north from Convention Center
1. Contact Information 2. Project Summary

David Silverman, will be the During the first two decades of the 21st century, people began to migrate back into
managing member of Symphony the urban core of cities across the Western Hemisphere. With this population influx
Tower LLC and act as the primary predicted to continue, and with a limited amount of land in urban areas, buildings have
contact person. evolved that are no longer used for a single purpose. High-rise buildings are becoming
the epitome of mixed-use real estate. This migration back to the urban core of cities has
David Silverman
pushed developers to bring more creativity to their developments and to provide the
Symphony Tower, LLC
services that do not currently exist in many downtowns across the United States. The
PO Box 7459
21st century workforce is looking to spend less time commuting which has created more
demand for housing and public transportation in and around the urban core. This demand
505.294.8625
has caused cities to drastically increase investment in public transportation to attract top
david@geltmore.com
employers and talent to their cities. To our benefit, the City of Albuquerque is completing
Symphony Tower, LLC will be a New a $120MM mass transit project, to spark mixed-use development in the urban core.
Mexico limited liability company
Symphony Tower will provide downtown Albuquerque with what it is missing; 1) For
created for the express purpose of
Sale high-rise lock-and-leave living (30-60 units), 2) a full-service four star boutique
this real estate development (with
hotel with amenities to support the convention center, 3) modern, class A, creative
David Silverman as the signatory)
office space, 4) ground floor retail and service space that will contribute to the vibrancy
and will be the entity that will enter
of downtown, 5) much needed green space to compliment Civic Plaza, and 6) structured
into contracts with the City.
parking to improve the compactness of Downtown, all the while transforming the
Citys skyline. All of these elements will be incorporated into a 300,000+ square foot,
34-story mixed-use condominium tower. The approximate all-in cost is $116MM. Once
constructed, the project will accommodate 529 jobs ranging from entry level retail jobs
to executive office positions.
RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O 1

A . D E V E LOPMENT OVERVIEW
The building will be constructed in downtown Albuquerque on the east half block bounded by 3rd
Street and Marquette Avenue. A second phase, to be built at a later date on the other half block
of the site, will include ground floor retail, above grade structured parking, and approximately one
hundred (100) market rate residential rental units. Within two blocks of the proposed location, via
Albuquerque Rapid Transit, there will be access to the Uptown, Nob Hill, Old Town Corridors as well
as the airport, commuter rail to Santa Fe, and Amtrak.
The last class A high-rise built in Albuquerque was constructed 27 years ago, and the high-rise it
replaced was built 24 years before that. The last office building built in downtown Albuquerque was
built 12 years ago, and was only three stories. For reference, class A office buildings make up 8% of
the office submarket in downtown Albuquerque and has consistently had 90%+ occupancy levels,
commanding the highest office rents in Albuquerque. Much has changed in building technology in
the last 25 years including energy efficiency, glazing, HVAC, vertical transportation, and building
management systems. Symphony Tower will offer the technologies missing in the market place.
The following table shows a detailed building summary:
Gross Residential Hotel Hotel Office Retail Parking

Gross SF* Residential SF Units Gross SF Rooms Gross SF Gross SF Spaces
319,483 113,500 30 - 60 115,838 160 73,070 17,075 585
Project Building Hotel Office Retail Man Years of

Jobs** Management Jobs Jobs Jobs Jobs Construction
529 10 60 365 94 1,328
* does not include the parking structure consisting of 200,035sf.
** does not include 1,328 man years of construction jobs.
2 SYMPHONY TOWER, LLC

B. CONSISTENCY WITH THE CITYS PROJECT GOALS
1. Iconic + Skyline Defining Building
The proposed building will be the darling of the
Albuquerque skyline, with modern, sleek and 21st
century styling. It will stand as a beacon and symbol
of the future of our City. The building will stand a full
34 stories tall, eclipsing the height of 360 by 28, and
when considering the decorative feather element, the
building will stand well over 400 tall. With features
such as a grand staircase, a cantilevered pool deck,
green space at the ground level, and public open
space on the 10th floor pool deck, this building will
represent the coming of age for Albuquerque. The
building, once completed, will have transformed a
parking lot into an urban destination that not only
contributes to the skyline, but contributes to the 24-
hour vitality of Downtown Albuquerque.
OVERALL BUILDING
Designed by world-renowned architecture firm
CallisonRTKL, which specializes in urban vertical
mixed-use towers (in partnership with Dekker/
Perich/Sabatini), the buildings interior mixed-use
elements work flawlessly together to incorporate
four components, retail space, modern office space,
needed hotel rooms and amenities, and for-sale
residential condominiums, into one vertical tower
in the heart of Downtown Albuquerque. New retail
space for lease, mostly at the ground level, will make
up 5% of the gross square footage of the project.
As proposed, the building will house a total of five
(5) levels of modern office space; three (3) of those
levels are liner office which will have extra high
ceilings, and access to structured parking at their
finished floor level, and two (2) full levels (25,900sf
per level) of open floor plate office space for lease,
will make up 23% of the gross square footage of
the project. The hotel component of the building,
configured in an L-shape, is located from floors
10 - 18. The tenth floor consists of an amenity deck,
cantilevered pool, lobby, meeting space, and bar,
with guest rooms above. The hotel accounts for 36%
of the gross square footage of the project. For-sale
residential condominiums sit atop of the other uses
in the building, with expansive views of the Sandia
Mountains from floor 19 to floor 34, and account for
36% of the gross square footage of the project.

B . C O NSISTENCY WITH THE CITYS PROJECT GOALS
GROUND LEVEL
On the ground level, the site plan is dynamic and creative. It
acts to extend the public space of Civic Plaza northward into
the site, drawing new pedestrian connections across the street
and continuing the public realm into the green space and corner
pavilion building, and up the grand staircase. Care has been taken
to minimize the interruption of the pedestrian realm by keeping the
vehicular entrances and exits to the bare minimum and locating the
back-of-house service dock at what is effectively the rear of the
building. The ground floor will provide new retail space at the hard
corner of 3rd and Roma, which will accommodate nearby office
workers, hotel guests and Convention Center visitors among others.
On the south side of the building, overlooking the new green-space
and Civic Plaza across the street, will be a two-level food and
beverage establishment that will become an iconic place to eat and
drink in Downtown. Activating the hard corner of 3rd and Marquette
is a Pavilion building featuring proven and successful urban
designs, which will feature grab-and-go food options, coffee, and
sundries. The office users of this building will enter on the Roma
side while, hotel guests and residential owners will enter on the 3rd RESIDENTIAL
street side. The ground floor hotel space acts as a quick check in HOTEL
and shuttles guests, by express elevator, up to the main hotel lobby
OFFICE
on the 10th floor. The ground floor residential space is a private
lobby area for use only by condominium owners and their guests. PARKING
RETAIL
PARKING GARAGE + OFFICE LINER LEVELS

There are a total of six (6) levels of above grade structured parking,
three of them with direct access to the office liner spaces, and
three without, providing a total of 515 parking spaces. Levels two
(2) through seven (7) of the building perform two functions. The
first is providing the parking for the building, and the second is
providing unique to the market, double height, creative class, 21st
century, class A office space. These Office Liner levels will contain
eighty (80) parking spaces (per liner level) and 6,840 square feet
of unbelievable office space. We imagine some of the tenants for
the space will be successful startups currently incubating in the
entrepreneurial ecosystem in the City, and within the Innovate
ABQ project located a few blocks away. The Grand Staircase
from the ground level will connect into the food and beverage
space, featuring al fresco dining on the second level terrace.
The staircase also connects to the parking structure entrance,
providing convenient access to parked vehicles from the vibrant
streetscape and Civic Plaza below. In considering the long-term
viability of the building, we may choose to build full height floors
for the parking levels to facilitate the potential conversion of the
parking area into leasable space, if self-driving vehicles reduce
the need for parking in the future.

B . C O NS I S T E N C Y W I T H T H E C I T Y S P R O J E C T G O A L S
OFFICE LEVELS
Level eight (8) and nine (9) of the building will consist of full floor
plate, open office space. Beginning at level eight, the building
steps back 15 from the corner reflecting the appropriate urban
form, and cleverly incorporating a living roof in that step back.
The living roof makes this modern, 21st century office space even
more appealing because not only does the office have amazing
views of the City and mountains, but also has the human element
of greenery and plant life. Each office floor plate is 25,900sf and
will be tailored to the modern office tenant thru flexible, open
floor plans with abundant natural daylight. If preleasing interest
is strong before the building construction has commenced
we can easily add additional floors to accommodate what the
market demands. This building will be built with the most current
technology available, including (but not limited to) modern energy
efficiency systems, data handling capabilities, sophisticated HVAC,
lighting, vertical transportation, and modern design. All of these
characteristics will create a one of a kind office environment that
does not currently exist in Albuquerque.
RESIDENTIAL
HOTEL
OFFICE
PARKING
RETAIL HOTEL LEVELS
The hotel will be located from level ten (10) through eighteen
(18) with levels 11-18 having 20 rooms per level, for a total of 160
rooms. These rooms will have fantastic views of the mountains,
West Mesa, Downtown, Civic Plaza, and of course of the amazing
pool deck. Sitting high in the sky, on level 10 of the building,
is the hotel lobby. Guests will be swept from the ground floor
entrance quickly up to the lobby via express elevators. Featuring
the registration area, room service kitchen, private meeting
spaces, and several lounge areas, the hotel lobby will serve all the
necessary administrative functions of the hotel. Beyond serving
Hotel Amenity Level the administrative functions, the hotel lobby serves as an amenity
deck home to one of the buildings iconic features, a cantilevered
pool (which extends out over the edge of the building with a clear
bottom). The 10th floor lobby, featuring the iconic pool deck, will be
a destination for visitors of Albuquerque and residents alike. This
will be a four-star hotel, competitive with only Hotel Chaco and
the Andaluz in the marketplace. There will be a negotiated flag
agreement with a national hotel brand, but the hotel will be named
and operated as a uniquely branded property.
Typical Hotel Level

RESIDENTIAL CONDOMINIUM LEVELS

The residential condominiums will be on levels nineteen (19)
through thirty-four (34) of the building. There will be thirty to
sixty (30 60) units total, from 6,000sf divisible down to 900sf.
Representing the epitome of urban living, the residential
condominium levels of the building will have the most amazing
views in the City. Each half-floor unit will have 270 degrees of
window walls, perfectly framing the City skyline and beyond into
the mesas, mountains, and the New Mexican sky. In these larger
homes, owners will have the option to access the interior of their
unit directly from the elevator. Smaller units will have access by
way of the elevator and a short common corridor leading to their
front door. High tech access controls on the elevators will provide
security and ensure that no one without the proper key card/codes
RESIDENTIAL
will have access to any residential area. The Condos will provide
a lock-and-leave style of living for their owners, with easy access HOTEL
to the best amenities in the City while they are at home. We have OFFICE
arranged for groceries to be delivered on-demand by Silver Street PARKING
Market. The residential units will have access to seventy (70)
RETAIL
spaces of exclusive below grade parking, which will be gated and
secured. The prospective owners of these units will themselves
contribute greatly to the revitalization of Downtown, by becoming
personally invested in its long-term success.

2. Vitality
This proposed development will be the most ambitious
undertaking in Downtown Albuquerque ever. No building in
Perspective NE
New Mexico has ever been built under the high-rise building
code. Without the recent investment that has been injected
into Downtown, such as the construction of Albuquerque Rapid
Transit (ART), the Imperial Building retail, Convention Center
Renovation, One Central, Civic Plaza Upgrades, 505 Central, CNM
STEMulus Center, and Innovate ABQ, a project of this magnitude
would not make sense. The investment in urban infrastructure
(via ART) and amenities like Silver Street Market and the retail
that the Imperial building and Simms Building have created, has
set the stage for larger scale development. Until now, there
has been no way to achieve successful urban development
because of the parking demands. With urban infrastructure in
place and transit options expanded by ride sharing services like
Uber and soon with self-driving vehicles, we are entering an era
when successful urban development is possible in Albuquerque.
These investments have created the base level of viability for the
real estate product types proposed for this building.
The continued and coordinated investments into Downtown

Arts and Cultural amenities demonstrate that the community
is engaged and committed to ensuring a vibrant downtown. A
vibrant downtown is essential to the long-term vitality of the
City because no one visits a city to spend time in the suburbs
which look like whence they came. Visitors and the 21st
Century workforce are seeking vibrant, walkable and unique
environments which require the density that can only be created
in the center of the city. Symphony Tower will be the catalyst to
make Downtown the premier pedestrian-oriented urban place
in New Mexico. In addition, this density helps promote the
Innovation Corridor in which the City has invested heavily.
An urban neighborhood is a reflection of the community at

large. A full spectrum of housing types makes an individual
neighborhood more vibrant and increases the vitality of the
area. Over the past 7 years, over 250 units of affordable housing add another 130 people to the diversity of the neighborhood
apartments have been added into the core of Downtown and the urban population. With more people living downtown,
Albuquerque. There are another 109 affordable units currently the businesses in the downtown core will have an expanded
under construction at the corner of 8th and Silver. The amount population to serve, and then more businesses will follow. Not
of market rate units delivered has not kept up with the amount to mention that phase II of this project will include another 100
of affordable housing units delivered in this submarket. market rate residential units with 230 people. There is also
There have only been about seventy-five (75) market rate the potential for another 129 market rate rentals at First Plaza
apartments developed within the same period. As a result, with another 296 people (as further described in the Catalytic
there are a disproportionate amount of affordable housing units Economic Redevelopment Section herein). This is a significant
in Downtown Albuquerque. The addition of 30 - 60 for-sale, addition to reaching the desired 20,000 population level in
market priced condominiums to downtown Albuquerque will Downtown as stated in the 2025 plan.

3. Catalytic Economic Redevelopment
Make no littleABQ plans;TROLLEY

they have no magic to stir mens blood and probably themselves
will notDowntown
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A VISION FOR A CONNECTED AND MOBILE DOWNTOWN
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SAWMILL
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do things that would stagger us. Let your watchword be order and your beacon beauty.
WAREH
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Albuquerque Connectivity Framework
PHASE 1
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LEGEND
Trolley - Phase 1
Downtown 2025 Boundary
Trolley - Phase 2
Old Town
Trolley - Phase 3
Warehouse District
Trolley - Phase 4 (Sunport)
Downtown core expansion zone
Albuquerque Rapid Transit (ART)
Potential Mixed and multi-use district
Existing Rail Tracks
Future ART Station
Places of Interest DRAFT, MARCh 30, 2016
LEGEND
Trolley - Phase 1
Downtown 2025 Boundary
Trolley - Phase 2
Old Town
Trolley - Phase 3
Warehouse District
Trolley - Phase 4 (Sunport)
8 Albuquerque Rapid Transit (ART)
Existing Rail Tracks
Downtown core expansion zone
Potential Mixed and multi-use district
SYMPHONY TOWER, LLC
Future ART Station
Places of Interest DRAFT, MARCh 30, 2016
Symphony Tower, LLC, sees this new building, metaphorically, Efficient Delivery of City Public Services
as a beacon of hope for the city. With the State facing drastic The current City Hall building is antiquated, inefficient and
social, fiscal, and economic challenges, we believe that needs to be re-built in order to reflect a city that is looking to the
this building will provide the optimism to the community that future. Combining all city functions into a single modern efficient
Albuquerque can create economic opportunity for its citizens. facility, would allow for easier citizen access and more efficient
Any single investment (either private or public) over $100 and cost-effective delivery of public services. ABQ Vision 2025
million isnt done without the intention of catalyzing additional proposes relocating City Hall to the site that will be vacated by
investment. The members of Symphony Tower LLC did not want the current ABQ Police Department when a new Public Safety
to envision this project in a vacuum so we reached out to one of Facility is constructed. This prominent site in Downtown will
our communitys biggest thinkers, Dale Dekker, and asked him anchor the northwest corner of Civic Plaza and will allow for the
how he thinks this project could impact Downtown and the City. consolidation of city functions currently located in the Plaza del
The following is what he sees for the City in a visioning exercise Sol building as well as other city functions located throughout
he performed called ABQ Vision 2025. the City of ABQ.
ABQ Vision 2025 Celebrating Albuquerques Unique culture and history

Cities exist because people live, work and play in the built When cities celebrate who they are it creates a sense of public
environment that humans create. Symphony Tower is a catalytic pride and communicates their uniqueness to the outside world.
project that will change the face and skyline of Downtown Creating a world class venue for our performing arts, dance,
Albuquerque, but in order for Symphony Tower to create the music, and theater will provide opportunities for celebrating our
maximum benefit for our future, it must be viewed in a larger talented citizenry as well as provide a venue for national and
urban context. Therefore, a larger vision is proposed, a vision international performing artists. ABQ Vision 2025 proposes a
that will require public, private and non-profit partnership new community Performing Arts Center (PAC) to be constructed
to realize as we move Albuquerque into the 21st century and on the site of the current City Hall and old Metro Court Building.
beyond, a place where our citys unique character, sense This site will further activate the Civic Plaza and bring activity
of place and unique citizenry will be able to thrive and be and people to downtown for year-round entertainment and
celebrated for generations to come. other community events, as well as provide opportunities for
tourists and convention attendees to experience the best of
Connecting the Dots
what Albuquerque has to offer from a performing arts point of
Connecting our communitys major cultural assets is critical for
view. The PAC can be realized with a private-public partnership
linking our past with our future. ART is connecting our citys east
structure similar to what has been used in building successful
to west via historic route 66, connecting Old Town to downtown
PACs in Raleigh-Durham and Salt Lake City.
to the University and beyond. ABQ Vision 2025 proposes a
north-south electric trolley that will connect Old Town and Dales comments are greatly appreciated and clearly visionary.
the museum district thru the historic sawmill and warehouse We certainly hope his vision is realized and we firmly believe that
district to Downtown Albuquerque and south to the railyards Symphony Tower will be the catalyst to cause the City to bring his
and the National Hispanic Cultural Center. This transportation ABQ Vision 2025 into reality. We believe that Symphony Tower will
system would drive revitalization and repurposing of commercial act as the conductor for an entirely new movement Downtown.
properties as well as provide new opportunities for livable-
Symphony Tower will have a significant impact on catalyzing
walkable neighborhoods that can access these unique places
further redevelopment. The addition of market priced for-sale
within our city. In addition, the ability to treat Civic Plaza and the
condominiums, and the residents occupying those units will
Convention Center as a community hub will drive conventions
provide demand for retail and services in the downtown core.
and tourists to our Downtown as well as create that 24/7 place
Downtown Albuquerque requires more hotel rooms to support
that drives vitality, safety and community activity.
the convention center; consider that the City commissioned
Creating Opportunities for Inter-Governmental Cooperation a CBRE Market Study for a 400-room hotel at the request of
Public safety is front and center in our citys psyche. the Convention and Visitors Bureau. The new hotel rooms
Cooperation and coordination of public safety activities will in Symphony Tower will provide a better opportunity for Visit
enhance our communitys quality of life. ABQ Vision 2025 Albuquerque to book larger conventions that will provide positive
proposes a joint public safety facility to be built on the current economic impact on the Downtown area and across the City. The
site of the obsolete county jail. Combining law enforcement into hotel, on its own, will attract visitors who will come to jump in a
a common facility just south of the judicial district will create glass bottom swimming pool 120 above the pavement below and
efficiencies and cost savings for our city and county residents.

enjoy its view and public space 10 stories high. New office space, 2. A new Comprehensive Plan has been adopted along with
built to 21st century standards will be an attractive opportunity for a complete re-write of our planning and zoning ordinances
existing and new companies to consider locating downtown in an which will be adopted in late 2017 as these policy documents
environment that hasnt been available for two generations. support the investment in ART,
That in mind, delivering a significant amount of class A office 3. Mixed-use development has arrived in Downtown which
space to the downtown core, will provide local Economic brought with it the first (in the last 70 yrs.) grocery store with a
Developers (AED, NM Partnership, etc.) the tool theyve been total of 23,000sf of new retail space and 74 apartment units to
missing in their efforts to bring new companies to the City. Downtown when the Imperial Building was completed last year,
Companies with a younger workforce, such as Hulu, who would 4. The City engaged renowned urbanist Jeff Speck, to perform
take Albuquerque into consideration for new office locations, a Walkability study and has begun creating over 700 new
are looking for office space in areas with a There. Locations on street parking spaces in downtown, changing one way
within urban centers with access to transit, places to walk, streets to two way, and changing signalized intersections to
eat, drink, shop, and within proximity to entertainment venues four way stops in Downtown to calm traffic,
are the type of places that attract people, attention and are in 5. A new 400 space parking structure is under construction at
great demand. Symphony Tower, in this location, checks all 1st and Central along with 64 new market rate apartment units
of those boxes. Symphony Tower will offer a one of a kind with retail amenities,
signage opportunity that only comes with a large investment
6. The first building in the Innovate ABQ project to be
in Albuquerque. Given the amount of time it is going to take for
completed this year which will deliver a six-story building
the building to be constructed, we feel strongly that during the
with 150 units of student housing over ground floor office,
construction period, that the economic development community
will be able to help secure a large, new to market, office tenant 7. Bernalillo Countys acquisition of the 283,000sf Alvarado
who will provide high wage jobs. Square office building to allow consolidation of all County
offices housing 600 employees,
8. Acquisition of the Bank of America complex (two buildings
TURNING A DOWNWARD SPIRAL INTO A VIRTUOUS CYCLE
230,000sf and 900 parking spaces) by local developers,
In addition to the physical project mentioned in this submittal, 9. Acquisition of the Albuquerque Plaza office tower (383,000sf)
there is an even more critical seismic shift in the downtown by local owners and who previously had acquired the
office market that is recognized by few. We, ourselves, did not adjacent Hyatt Hotel,
see this shift until late May when we began negotiations on
10. Acquisition and repositioning of the 1950s era Simms
First Plaza to re-position it as a mixed-use facility that would
Building by a local developer,
convert the empty office space to 129 market rate apartments
and upgrade the office portion to the class A status it had when 11. Molina Healthcare moving Downtown bringing 1,066
it opened in 1974. employees and taking 141,000sf of space in the Plaza
Campana building,
Downtown has been suffering from a vicious spiral of
12. DaVita Medical Group moved their back-office operations to
disinvestment in its office market due to perceived lack of
Downtown bringing 242 new employees and taking 68,000sf
parking, lack of a key industry to drive office occupancy, and
of space in the Bank of America complex,
lack of desire to do the things that actually create an urban
place. It is important to understand that urban development 13. Rural Sourcing Inc. opened an office in Downtown
does not occur unless it is supported by urban infrastructure. Albuquerque in 11,000sf (former Flying Star building) bringing
With the addition of Symphony Tower and the following events, 125 employees,
which have already occurred, Downtown will move from the 14. GSL Housing developed the four-story, 106,397sf, 151-unit
vicious cycle into a virtuous cycle of investment. multi-family development (Silver Moon Lodge) at 10th and
Central which was fully leased in four months.
Many negatives have been, or are being, corrected. Within the
last 2-3 years, the path toward the virtuous cycle within the
From a market perspective, the ABQ apartment market has been
downtown market has been revealed. The changes include:
very solid at 95% and the Downtown submarket has also been
1. ART (bus rapid transit) under construction and due to be solid at 97% occupancy. The overall ABQ office market sits at
completed before the end of this year, 78% occupied with the Downtown submarket at 68% occupied.
According to Colliers, who provided these office statistics:

Albuquerque remains over-built and under-demolished, with 4. Contribute to the Goals Outlined in the Downtown Plan
many office buildings being functionally or economically
Being a mixed-use project that includes various product types,
obsolete. Demand has become concentrated on quality
Symphony Tower exemplifies all of the goals set out in the
rather than size of space. Market activity has been primarily
Downtown 2025 Sector Development Plan. The building, and
horizontal and has driven several buildings to be repurposed,
its occupants and visitors, will inevitably choose this location
redeveloped, or renovated.
for its ability to provide a Park-Once and a Pedestrian-First
While the above is true for the larger market, Downtown should environment downtown. One of the main benefits of a project
be described as being in need of being repurposed, upgraded of this scope is providing the density, walkability, transit, and
or demolished. The downtown market as whole consists of bicycle options of a true urban center. The building will provide
3,345,366sf and an overall vacancy rate of 31.64%. By Class that resident and tenant bike facilities in the parking structure, as
breaks down as follows: well as foster new urban employment potential with the creation
of modern class A office space. This is consistent with the
Lease Total Space Vacancy Downtown 2025 Sector Plan goal of strengthening downtown
Class Vacant SF Rate SF by Class Rate by Class as the largest employment center and the Regions Center
Class A 197,825 $21.65 621,668 31.82% of Economic Activity. Symphony Tower, as a true mixed-use
Class B 780,456 $16.41 2,340,641 33.34% project, will encourage other developers to bring similar projects
to add to the complexity and mixture of uses Downtown.
Class C 80,198 $13.92 383,057 20.94%
- Statistics from Q4 2016 The location allows for direct access to our major civic assets
(and the Sunport) via ART, direct access to Downtown Santa
If you surveyed every building in downtown, you would conclude Fe via the Rail Runner, and all the entertainment and dining that
that class C space needs to be the repurposed or demolished. Downtown Albuquerque and the ART Corridor offer. The ground
The class B space, with 70% of submarket, needs upgrading and/ level restaurants and open space of Symphony Tower, connect
or repurposing. The class A space, with only 19% of the market, and open to Civic Plaza, encouraging artistic, promotional, and
has a high vacancy today but is the most in demand for people programming collaboration with the public facilities. These new
looking for space today. restaurant(s), open space, and hotel amenities will accommodate
both tourists, conventioneers, office workers, and residents
With the removal from the market in the next quarterly report of
(furthering the goals of the Sector Plan). Building on the
the Alvarado Square Building (#7 on the previous page) by the
momentum of the Downtown Arts & Cultural District, Civic Plaza
County, this will reduce the inventory and vacancy by 283,000sf
renovation and programming, Symphony Tower will help solidify
and reduce the overall vacancy rate Downtown to 25.4%.
downtown as the destination for arts, culture, and entertainment.
With another approximately 135,569sf being removed from the
The project will include first class wayfinding, exterior urban
inventory with the upgrading and repositioning of First Plaza to
street trees and landscaping, and intends to participate in the
residential, this will further drive down the vacancy rate for the
expansion of the BICI network (with a station on site).
Downtown submarket to 21.78%. And finally, in the next quarterly
report, the DaVita deal will reduce the Downtown vacancy to The uppers stories will be built as a combination of structured
19.92% which is below the overall market rate for the City. parking, office space, residential for-sale condominiums, and
hotel consistent with the goal of promoting high density urban
But what is most important is that the class B vacancy will drop
housing within the Downtown Core using a variety of residential
to 10% which is a very strong number for any market in the US.
unit types and configurations. The Sector plan encourages the
These moves are going to put strong upward pressure on office
utilization of tax increment financing to fund civic infrastructure
rates very soon, while still not reaching levels that would justify
improvements particularly for parking structures in the core.
new construction. Downtown is in an upturn that only the locals
are able to see. When combined into one building, all the components of Symphony
Tower create a project that sets a high bar for future development
The importance of Symphony Tower is that this new space will
Downtown, which will put Downtown Albuquerque on the path to
hit the market at the exact right time when it will be needed the
becoming the best mid-sized downtown in the USA.
most. And even more importantly, it will raise the rental levels
to a point which will draw other developers to start building
new buildings. From there the only problem for the City will be
to continue providing space for new development. Much of that
new space can come from land currently being occupied by
class C buildings that need to be demolished.

5. Experience
The collective experience of the principals of the proposing entity consist of over 200 years of commercial, residential, hotel and
mixed-use real estate development, design, entitlement, financing, leasing, sales, construction, and property management.
Our team is most qualified to pursue this development because of our experience in the industry and our knowledge of the local
market. The following is a sampling of multiple developments completed by our team members that are relevant in terms of retail,
mixed-use, residential, and hotel components:
Silver Street Market @ Imperial Building
IMPERIAL BUILDING 205 SILVER AVENUE SW, ALBUQUERQUE

TENANTS SQUARE FEET COMPLETION COMMENTS
Silver Street Market, Drug 37,000 2016 Urban mixed-use development with retail on the
Store, Tap Room, Restaurants ground floor
UPTOWN PARK SWC LOUISIANA BLVD. + AMERICAS PARKWAY, ALBUQUERQUE

Verizon, Pei Wei, 15,000 October 2003 Repositioning of former Bookstar Building in Uptown
Satellite Coffee for Multi-Tenant Retail
WEST BLUFF CENTER NEC COORS + I-40, ALBUQUERQUE

Wal-Mart, Home Depot, 407,000 October 2000 Community Shopping Center servicing Albuquerques
Staples, Etc. West Side. Wal-Mart Supercenter has a full grocery
component.
FIRST INTERSTATE PLAZA II 125 LINCOLN STREET, SANTA FE

IBM, Santa Fe Drug November 1984 Office/Retail Development with underground parking.

PALACE AVE CONDOS 608 E PALACE AVE, SANTA FE

Residential 6,000 August 1983 Acquisition and rehabilitation of an existing home and
addition of three units.
FIRST INTERSTATE PLAZA I 150 WASHINGTON STREET, SANTA FE

Smith Barney, 72,000 September 1982 Vertical mixed-use office/retail development with
Ogelvies Bar & Grille underground parking.
ADOBE INN & SUITES 2907 CERRILLOS ROAD, SANTA FE

105 Room Hotel 105,000 Owned Suburban motel repositioning adding restaurant and
2003 - 2015 additional office with complete refurbishment of building.
SUNWEST CENTER 500 N MAIN STREET, ROSWELL

Sunwest Bank and 110,000 1986 10 story office building
Professional Office
GAS COMPANY BUILDING 2444 LOUISIANA BLVD. NE, ALBUQUERQUE

Gas Company of New Mexico 31,134 1983 Acquisition and total interior rehab of a fifteen year old
building formerly occupied by IBM. This building was
100% leased to the Gas Co. before acquisition.
US FOREST SERVICE I & II 333 BROADWAY SE, ALBUQUERQUE

US Forest Service 221,800 2010 Single tenant office development for US Forest Service
HEWLETT PACKARD 2351 HP WAY, RIO RANCHO

Hewlett Packard 96,600 2008 Single tenant office development for Hewlett Packard
SHAMROCK FOODS 2 SHAMROCK WAY NW, ALBUQUERQUE

Shamrock Foods 201,339 2007 Distribution and office facility for Shamrock Foods
HOTEL ARTESIA 203 N 2 ND STREET, ARTESIA

Hotel 35,686 2009 Distinctive Art-Deco hotel in Artesias Main Street
FIRST COMMUNITY BANK 7900 JEFFERSON NE, ALBUQUERQUE

First Community Bank 31,000 1999 Former headquarters for First Community Bank
(now US Bank)

One of the members of our team, Steve Chavez, CEO of Integrated Control Systems Inc. and Mechanical Control Systems Inc. is the
leading Mechanical Controls expert in the Southwest. Steves companies have a breadth of experience designing controls systems in
office, educational, hotel, and retail buildings. Steves experience will be invaluable to designing a modern and efficient building that
will be desirable to the end users.
Another team member, David Storm, is a seasoned hotel developer with over 30 years of experience in the industry and recent
experience with $40+MM hotel project in the downtown core of Greeley, CO.
ADDITIONAL DAVID STORM EXPERIENCE:
>> Marriott Hotel West Loop/Galleria, Houston, TX >> Renaissance Hotel, Providence, RI
-- 300 rooms with attached office building -- Historic adaptive re-use project, 272 rooms & 15,000sf of
>> Radisson Hotel & Convention Center, Atlanta, GA meeting space
-- 750 rooms, 64,000sf on convention space >> Marriott Courtyard City Center, Portland, OR
>> Radisson Hotel at Universal Studios, Orlando, FL -- Adaptive re-use of office building, 256 rooms
-- 750 rooms, 60,000sf of meeting space and 12 retail outlet stores >> The Nines, a luxury Hotel Collection
>> Heritage USA, Fort Mill, SC -- Historic adaptive re-use of department store, 331 rooms,
-- 1100 lodging units, 22 retail spaces, housing development 13,000sf of meeting space
(220 homes) and 62,000sf of meeting space (participated in >> Gaylord Resort, Nashville, TN
master planning process of the 2,200 acres) -- 2,853 rooms and 600,000sf of meeting and event space
>> Embassy Suites, Downtown Denver, CO >> Gaylord Florida, Kissimmee, FL
-- 403 suites & 25,000sf of meeting space -- 1,472 rooms and 425,000sf of meeting space
>> Renaissance Hotel, Pittsburgh, PA >> Gaylord Texas, Grapevine, TX
-- 300 rooms, 10,000sf of meeting space -- 1,548 rooms and 428,000sf of meeting space
>> Residence Inn, Denver City Center, CO >> Embassy Suites, Albuquerque, NM
-- 228 suites -- 276 suites and 30,000sf of meeting space
>> Marriott Courtyard, Downtown San Diego, CA
-- 284 rooms
KEY PERSONNEL + EXPERIENCE
Please refer to the Resume Appendix to review in further depth the resumes of each of the team members.
Urban Design, Dekker/Perich/Sabatini + Kyle Bodhaine, AIA + Steve

Construction Management
Planning & Entitlement CallisonRTKL Chavez
Negotiation, Land Leasing David Silverman

Paul Silverman + Kalvin Davis
Acquisition, Financing
Sales Adam Silverman
To be bid out to a pairing of
Operations - Office & Retail Tracy Riffe, CPA
local GC and national GC with
Construction
experience in High-Rise Mixed- Operations - Hotel David Storm
Use Buildings
Engineering - HVAC Design

Steve Chavez
& Building Controls

6. Parking
The development will include a total of five hundred and eighty-five (585) off
street parking spaces. Seventy (70) parking spaces will be located within an
underground level and will be gated and locked for use exclusively by the
residents of the condominiums. Two hundred and twenty (220) spaces will be
provided for the office space at a rate of three (3) spaces per 1,000 gross square
feet. Secure storage for bicycles will also be offered to office tenants and
residential residents. One hundred and four (104) spaces will be provided for
the hotel space at a rate of six tenths (0.6) of a space per room. Sixty-nine (69)
spaces will be provided for the retail space at a rate of four (4) spaces per 1,000
gross square feet. One hundred and twenty-two (122) spaces will be provided
to replace those one hundred and nineteen (119) existing City parking spaces
that will be built over for the purpose of this development. This space may be
constructed as full height floors to facilitate the conversion of the space into
leasable area in the future should self-driving vehicles reduce parking demand.
The second phase, on the west half of the proposed site, which will be
developed as mixed-use retail, market rate residential and parking structure
project at a future date, will be restriped in a more efficient layout and
available as surface parking consisting of one hundred and ten (110) spaces.
After the addition of the structured parking to be included in this project,

the Downtown parking supply should adequately accommodate future civic
amenities, like a new Symphony Hall and Performing Arts Center, without
the need for additional parking resources. Available parking in this structure,
combined with the parking available in the Civic Plaza Garage, 5th and Copper
Structure, 500 Marquette and Bank of Albuquerque Structure, will satisfy the
demand of the future Symphony Hall, thereby decreasing its overall cost and
making the project economically feasible in a shorter timeframe.
The new supply of structured parking offered by this project may also be
included into a Parking Benefit District for the downtown Albuquerque
core. Parking Benefit Districts are a recent national best practice for cities
to manage and create better returns from their parking supply. Generally,
these programs allocate a certain amount of generated parking revenue (i.e.,
meters or parking permits) towards items such as additional maintenance,
hardware, security, additional parking, or beautification projects. The concept
and benefits of a Parking Benefit District, whether public, private, or both,
can apply to the Citys CBD, government center, and adjacent neighborhoods.
There are a number of successful Parking Benefit District campaigns
across the country. In one example, because the City communicated that all
revenue would be returned to the District, stakeholders and business owners
supported the initiative. Over the course of roughly a few years, the City
was able to pay off the initial investment in hardware with earned revenue
and make contributions back into the District. While there are a number of
approaches that may be taken, the one selected will be dependent on what
the proposed district and its contributing members are expecting to receive
as a result. The Albuquerque City Council, in 2016, passed legislation (R-16-23)
which directed DMD to determine the feasibility of a parking benefit district
in Downtown Albuquerque. We feel strongly that this needs to be picked up
again, and worked with more willingness to set up a permanent structure.

C. BENE FI T T O T HE S U R R O U N D I N G C O M M U N IT Y
386 from grade to roof, plus radio tower
16 levels of condos, with a double

height pool lobby on the first level
11 floor to floor
Aluminum curtain wall cladding

67% of faade
stone, masonry, or concrete panels at

base and tower accents
33% of total faade 9 levels of hotel, with a double height lobby on first level
11 floor to floor
2 levels of office
14 floor to floor
6 levels of structured parking (10 - 6 floor to floor) with 3

levels of linear office on the north side (21 floor to floor)
ground level retail

20 floor to floor
lower level parking

12 floor to floor
South Elevation
1. Benefit to the Community

As outlined throughout our response, the plan prepared by Adding new high-rise for-sale condos and residential amenities
Symphony Tower, LLC will provide a multitude of benefits to the will result in a completely changed perspective on living
community. We believe the largest benefit to the community Downtown.
(and a direct response to the Downtown 2025 Plan) will be
The new office space should accommodate some 360 new
the redevelopment of a commercial surface parking lot into a
high wage jobs. The retail space will provide entrepreneurs
landmark, high-rise, mixed-use structure, and upon completion
the opportunity to cultivate new businesses. The new green
of the project, we will create a symbol that Albuquerque and its
space will become an intersection of culture and economic
downtown have arrived as a There destination.
development by providing a location for collisions to occur
The mix of uses included in the development will add housing between entrepreneurs, creatives and residents.
and contribute to the vibrancy of downtown by attracting more
The addition of more hotel rooms provides Visit Albuquerque
tourists, and providing new amenities, including but not limited
with an expanded reach towards larger convention
to green space, cantilevered pool, and ground level retail.
opportunities which will bring significant outside dollars into the
The development will contain 585 parking spaces, while the City, and an intangible amount of positive word of mouth reach
portion of the surface parking lot the building will be replacing about peoples experience visiting Albuquerque.
contains 119 spaces, resulting in a net gain to area parking of
The Citys investment in this project will act as the catalyst to
466 spaces. Compared to the Citys investment in the parking
the rebirth of development in downtown. The addition of 21st
structure operations and waived plan fees and NMGRT, we
century office space, parking to support evening cultural events,
foresee the impact of this development on Downtown to be
and the iconic structure of the building will re-focus attention to
many-fold.
downtown as the economic and cultural driver of the City.

D. FI NAN C I AL S T R U C T U R E
1. Project Budget
Use Source
Land $ - Office and Retail Debt $ 9,791,415.63
Hard Costs* $ 92,336,997.38 Hotel Debt $ 27,067,460.00
Soft Costs** $ 12,038,639.93 Structure Parking Sale $ 8,274,289.76
Financing Costs*** $ 11,966,509.15 Structure Parking IRB $ 6,255,059.57
Structure Parking TIDD $ 11,572,285.00
LEDA Funds $ 4,507,250.00
New Market Tax Credits $ 16,272,218.94
Lease Up - Condo Sales $ 29,400,000.00
Lease Up - Income during lease up $ 3,202,167.56
Total**** $ 116,342,146.45 Total $ 116,342,146.45
^EB-5 Financing to be utilized if beneficial
Office and Retail Operating Proforma Hotel First Year Operating Proforma
Scheduled Gross Rental $ 2,524,060.00 Number of Guestrooms 160
Less Vacancy Factor 8% Days per Year 365

Available Rooms 58,400
Effective Gross Rental $ 2,322,135.20
Occupancy 61.00%
Occupied Rooms 35,624
Less Operating Expenses $ 740,018.33
Average Daily Rate $ 210.00
Net Income $ 1,582,116.87

Revenue
Rooms $ 7,481,040.00
Less Debt Service $ 913,929.07 Food & Beverage $ 1,750,000.00
Rental & Other Income $ 120,000.00
Cash Flow $ 668,187.79 Total $ 9,351,040.00
Expenses $ 5,652,337.76
Debt Service Coverage 1.73
* includes Construction Cost, WRAP Insurance Policy and Construction
Reserves $ 187,020.80
Contingency at 10%
** includes Architectural/Engineering, Accountant, Administrative
Expenses, Survey and Re-Plat, Appraisal, Market Study, Legal, Title, Net Income $ 3,511,681.44
Soft Cost Contingency at 4%, Developer Fee and Reserve Set-Up Costs
*** includes Permanent Loan Costs and Construction Loan Costs Less Debt Service $ 1,851,795.46
**** itemized break out listed in submittal budget proforma
Cash Flow $ 1,659,885.98
Debt Service Coverage 1.90

D. F I NANCI AL ST RUCT URE
SUBMITTAL BUDGET PROFORMA

PROJECT: High Rise
GROSS AREA: S.F. >>>>>>>>>>> 519,518 SF AVERAGE: 2.5 AC.
LEASABLE AREA: S.F. >>>>>>>> 319,483 SF COVERAGE: 477.06 %
EFFICIENCY RATION: % 61.49604056 % LAND COST 0 SF
# MONTHS FOR CONSTRUCTION 24
# MONTHS IN DEVELOPMENT 36 INT. RATE PRIME: 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50%
ASSUMPTIONS PREMIUM: 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
FIN RATE: 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50%
******************************* **************** ** *********** *********** *** *********** *********** * ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** **************
BUDGET $/LEASABLE $/GROSS % COST NOT : PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD
CATEGORY / COST ITEM AMOUNT SQ. / FT. SQ. / FT. OF COST IN BUDGET : 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
******************************* **************** ** *********** *********** *** *********** *********** * ************** 0.10% 0.50% 0.85% 0.85% 2.20% 2.20% 4.60% 4.60% 7.50% 7.50% 9.55% 9.55% 9.55% 9.55% 7.50%
***HARD COSTS*** :
LAND ACQUISITION $ - $ - $ - 0% : $ -
Residential Condos $ 19,836,734.69 $ 62.09 $ 38.18 24% : $ 19,836.73 $ 99,183.67 $ 168,612.24 $ 168,612.24 $ 436,408.16 $ 436,408.16 $ 912,489.80 $ 912,489.80 $ 1,487,755.10 $ 1,487,755.10 $ 1,894,408.16 $ 1,894,408.16 $ 1,894,408.16 $ 1,894,408.16 $ 1,487,755.10
Office Core & Shell $ 12,421,900.00 $ 38.88 $ 23.91 15% : $ 12,421.90 $ 62,109.50 $ 105,586.15 $ 105,586.15 $ 273,281.80 $ 273,281.80 $ 571,407.40 $ 571,407.40 $ 931,642.50 $ 931,642.50 $ 1,186,291.45 $ 1,186,291.45 $ 1,186,291.45 $ 1,186,291.45 $ 931,642.50
Office TI $ 3,653,500.00 $ 11.44 $ 7.03 4% $ 3,653.50 $ 18,267.50 $ 31,054.75 $ 31,054.75 $ 80,377.00 $ 80,377.00 $ 168,061.00 $ 168,061.00 $ 274,012.50 $ 274,012.50 $ 348,909.25 $ 348,909.25 $ 348,909.25 $ 348,909.25 $ 274,012.50
Retail Warm Shell $ 2,902,750.00 $ 9.09 $ 5.59 3% $ 2,902.75 $ 14,513.75 $ 24,673.38 $ 24,673.38 $ 63,860.50 $ 63,860.50 $ 133,526.50 $ 133,526.50 $ 217,706.25 $ 217,706.25 $ 277,212.63 $ 277,212.63 $ 277,212.63 $ 277,212.63 $ 217,706.25
Retail TI $ 853,750.00 $ 2.67 $ 1.64 1% $ 853.75 $ 4,268.75 $ 7,256.88 $ 7,256.88 $ 18,782.50 $ 18,782.50 $ 39,272.50 $ 39,272.50 $ 64,031.25 $ 64,031.25 $ 81,533.13 $ 81,533.13 $ 81,533.13 $ 81,533.13 $ 64,031.25
Structured Parking $ 14,625,000.00 $ 45.78 $ 28.15 17% $ 14,625.00 $ 73,125.00 $ 124,312.50 $ 124,312.50 $ 321,750.00 $ 321,750.00 $ 672,750.00 $ 672,750.00 $ 1,096,875.00 $ 1,096,875.00 $ 1,396,687.50 $ 1,396,687.50 $ 1,396,687.50 $ 1,396,687.50 $ 1,096,875.00
Hotel Other Capital Costs (FF&E, pool, etc.) $ 7,375,000.00 $ 23.08 $ 14.20 9% $ 7,375.00 $ 36,875.00 $ 62,687.50 $ 62,687.50 $ 162,250.00 $ 162,250.00 $ 339,250.00 $ 339,250.00 $ 553,125.00 $ 553,125.00 $ 704,312.50 $ 704,312.50 $ 704,312.50 $ 704,312.50 $ 553,125.00
Hotel Core & Shell Only $ 19,692,460.00 $ 61.64 $ 37.91 24% $ 19,692.46 $ 98,462.30 $ 167,385.91 $ 167,385.91 $ 433,234.12 $ 433,234.12 $ 905,853.16 $ 905,853.16 $ 1,476,934.50 $ 1,476,934.50 $ 1,880,629.93 $ 1,880,629.93 $ 1,880,629.93 $ 1,880,629.93 $ 1,476,934.50
NMGRT (@5.13% [less City & County tax]) $ 4,173,824.16 $ 13.06 $ 8.03 5% $ 4,173.82 $ 20,869.12 $ 35,477.51 $ 35,477.51 $ 91,824.13 $ 91,824.13 $ 191,995.91 $ 191,995.91 $ 313,036.81 $ 313,036.81 $ 398,600.21 $ 398,600.21 $ 398,600.21 $ 398,600.21 $ 313,036.81
BLDG PERMIT FEE (Waived by City) $ - $ - $ - 0% : $ -
BLDG PLAN CHECK FEE (Waived by City) $ - $ - $ - 0% : $ -
TESTING/INSPECT (SLUMP/COMPAC/STEEL) $ 50,000.00 $ 0.16 $ 0.10 0% : $ 50,000.00
WRAP Insurance Policy $ 757,146.35 $ 2.37 $ 1.46 1% : $ 757,146.35
CONSTRUCTION MANAGEMENT 1.0% $ 533,262.84 $ 1.67 $ 1.03 1% : $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29
HARD CONTINGENCY 10.0% $ 5,461,669.33 $ 17.10 $ 10.51 7% : $ 5,461.67 $ 27,308.35 $ 46,424.19 $ 46,424.19 $ 120,156.73 $ 120,156.73 $ 251,236.79 $ 251,236.79 $ 409,625.20 $ 409,625.20 $ 521,589.42 $ 521,589.42 $ 521,589.42 $ 521,589.42 $ 409,625.20
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>> >>> >>>>>>>>>> >>>>>>>>>> >>> >>>>>>>>>>>> >>>>>>>>>> : >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>>
>>>HARD COSTS SUBTOTAL<<< $ 92,336,997.38 $ 289.02 $ 177.74 110% : $ 757,146.35 $ 163,215.87 $ 477,202.23 $ 795,690.28 $ 795,690.28 $ 2,024,144.23 $ 2,024,144.23 $ 4,208,062.34 $ 4,208,062.34 $ 6,846,963.40 $ 6,846,963.40 $ 8,712,393.46 $ 8,712,393.46 $ 8,712,393.46 $ 8,712,393.46 $ 6,846,963.40
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>> >>> >>>>>>>>>> >>>>>>>>>> >>> >>>>>>>>>>>> >>>>>>>>>> : >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>>
***SOFT COSTS*** :
ARCHITECTURAL/ENGINEERING $ 4,616,849.87 $ 14.45 $ 8.89 6% : $ 3,462,637.40 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19
Traffic Study $ - $ - $ - 0% :
SURVEYS (BOUN/TOPO/ENVIRO/AS BUILT) $ 7,500.00 $ 0.02 $ 0.01 0% : $ 3,750.00
Condo Survey $ 15,000.00 $ 0.05 $ 0.03 0%
Condo Documents $ 15,000.00 $ 0.05 $ 0.03 0%
Residential Market Study $ 3,000.00 $ 0.01 $ 0.01 0% $ 3,000.00
LEGAL (LAND/LEASE/CONST/PERM/LEND) $ 150,000.00 $ 0.47 $ 0.29 0% : $ 75,000.00
CLOSING (TITLE POLICY-CONSTR & PERM) $ 445,585.93 $ 1.39 $ 0.86 1%
BANK INSPECTION & APPRAISAL $ 15,000.00 $ 0.05 $ 0.03 0% : $ 15,000.00
MARKETING (SIGNS/BROC/PROMO/ADV) $ 300,000.00 $ 0.94 $ 0.58 0% :
COMMISSIONS (4%-2%) $ 1,467,913.50 $ 4.59 $ 2.83 2% : $ 1,467,913.50
PROPERTY TAXES DURING CONST (Waived) $ - $ - $ - 0% :
GENERAL & ADMINISTRATIVE (4%) $ 3,974,913.87 $ 12.44 $ 7.65 5% : $ 3,974.91 $ 19,874.57 $ 33,786.77 $ 33,786.77 $ 87,448.11 $ 87,448.11 $ 182,846.04 $ 182,846.04 $ 298,118.54 $ 298,118.54 $ 379,604.27 $ 379,604.27 $ 379,604.27 $ 379,604.27 $ 298,118.54
SOFT CONTINGENCY (4%) $ 440,430.53 $ 1.38 $ 0.85 1% : $ 440.43 $ 2,202.15 $ 3,743.66 $ 3,743.66 $ 9,689.47 $ 9,689.47 $ 20,259.80 $ 20,259.80 $ 33,032.29 $ 33,032.29 $ 42,061.12 $ 42,061.12 $ 42,061.12 $ 42,061.12 $ 33,032.29
SOFT COST GRT (@5.13% [less City & County tax]) $ 587,446.24 $ 587.45 $ 2,937.23 $ 4,993.29 $ 4,993.29 $ 12,923.82 $ 12,923.82 $ 27,022.53 $ 27,022.53 $ 44,058.47 $ 44,058.47 $ 56,101.12 $ 56,101.12 $ 56,101.12 $ 56,101.12 $ 44,058.47
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< <<<<<<<<<<<<<< << <<<<<<<<<< <<<<<<<<<< <<< <<<<<<<<<< <<<<<<<<<< : <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<<
>>>SOFT COSTS SUBTOTAL<<< $ 12,038,639.93 $ 35.84 $ 22.04 14% : $ 5,027,300.90 $ 53,094.98 $ 73,106.14 $ 90,615.91 $ 90,615.91 $ 158,153.58 $ 158,153.58 $ 278,220.56 $ 278,220.56 $ 423,301.48 $ 423,301.48 $ 525,858.69 $ 525,858.69 $ 525,858.69 $ 525,858.69 $ 423,301.48
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< <<<<<<<<<<<<<< << <<<<<<<<<< <<<<<<<<<< <<< <<<<<<<<<< <<<<<<<<<< : <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<<
***FINANCING COSTS*** :
CONSTRUCTION LOAN POINTS $ 521,878.19 $ 1.63 $ 1.00 1% : $ 521,878.19
PERMANENT LOAN POINTS $ 1,043,756.37 $ 3.27 $ 2.01 1% :
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< <<<<<<<<<<<<<< << <<<<<<<<<< <<<<<<<<<< <<< <<<<<<<<<< <<<<<<<<<< : <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<<
>>>FINANCING COSTS SUBTOTAL<<< $ 1,565,634.56 $ 4.90 $ 3.01 2% :
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< <<<<<<<<<<<<<< << <<<<<<<<<< <<<<<<<<<< <<< <<<<<<<<<< <<<<<<<<<< : <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<<
>>>INTERIM INTEREST Construction<<< $ 5,314,950.35 6% : $ 23,648.72 $ 24,548.57 $ 26,704.28 $ 30,128.07 $ 33,564.70 $ 41,874.18 $ 50,214.83 $ 67,226.70 $ 84,302.36 $ 111,881.98 $ 139,565.03 $ 174,731.85 $ 210,030.54 $ 245,461.60 $ 281,025.53 $ 309,342.86
>>>INTERIM INTEREST Lease Up<<< $ 5,085,924.24
************************** ************ ** ************ ********** *** ************ ********** : ************* ************* ************* ************* ************* ************* *************
>>>COSTS SUBTOTAL<<< $ 116,342,146.45 $ 364.16 $ 223.94 : $ 6,329,974.16 $ 240,859.42 $ 577,012.65 $ 916,434.26 $ 919,870.89 $ 2,224,171.99 $ 2,232,512.63 $ 4,553,509.59 $ 4,570,585.25 $ 7,382,146.87 $ 7,409,829.92 $ 9,412,984.00 $ 9,448,282.69 $ 9,483,713.75 $ 9,519,277.67 $ 7,579,607.75
************************** ************ ** ************ ********** *** ************ ********** : ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* *************
***LEASE UP INCOME*** : **
Office $ 1,094,588.60 1% :
Hotel $ 1,851,795.46
Retail $ 255,783.50 0% :
Condo Sales $ 29,400,000.00 35% :
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< <<<<<<<<<<<<<< << <<<<<<<<<< <<<<<<<<<< <<< <<<<<<<<<< <<<<<<<<<< : <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<<
>>>LEASE UP / SALE INCOME SUBTOTAL<<< $ 32,602,167.56 37% :
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< <<<<<<<<<<<<<< << <<<<<<<<<< <<<<<<<<<< <<< <<<<<<<<<< <<<<<<<<<< : <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<<
>>>TOTAL BUDGETED COSTS<<< $ 83,739,978.89 $ 262.11 $ 161.19 95.44% :
************************** ************ ** ************ *********** *** ************ *********** : *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** ***********
************************** ************ ** ************ *********** *** ************ *********** : *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** ***********
RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O 18 - 19

SUBMITTAL BUDGET PROFORMA CONTINUED
PROJECT:
GROSS AREA: S.F. >>>>>>>>>>>
LEASABLE AREA: S.F. >>>>>>>>
End of
EFFICIENCY RATION: %
Construction
# MONTHS FOR CONSTRUCTION
# MONTHS IN DEVELOPMENT 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50%
******************************* ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** ************** **************
PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD PERIOD
CATEGORY / COST ITEM 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
******************************* 7.50% 4.60% 4.60% 2.20% 2.20% 0.85% 0.85% 0.50% 0.10%
***HARD COSTS***
LAND ACQUISITION
Residential Condos $ 1,487,755.10 $ 912,489.80 $ 912,489.80 $ 436,408.16 $ 436,408.16 $ 168,612.24 $ 168,612.24 $ 99,183.67 $ 19,836.73
Office Core & Shell $ 931,642.50 $ 571,407.40 $ 571,407.40 $ 273,281.80 $ 273,281.80 $ 105,586.15 $ 105,586.15 $ 62,109.50 $ 12,421.90
Office TI $ 274,012.50 $ 168,061.00 $ 168,061.00 $ 80,377.00 $ 80,377.00 $ 31,054.75 $ 31,054.75 $ 18,267.50 $ 3,653.50
Retail Warm Shell $ 217,706.25 $ 133,526.50 $ 133,526.50 $ 63,860.50 $ 63,860.50 $ 24,673.38 $ 24,673.38 $ 14,513.75 $ 2,902.75
Retail TI $ 64,031.25 $ 39,272.50 $ 39,272.50 $ 18,782.50 $ 18,782.50 $ 7,256.88 $ 7,256.88 $ 4,268.75 $ 853.75
Structured Parking $ 1,096,870.00 $ 672,750.00 $ 672,750.00 $ 321,750.00 $ 321,750.00 $ 124,312.50 $ 124,312.50 $ 73,125.00 $ 14,625.00
Hotel Other Capital Costs (FF&E, pool, etc.) $ 553,125.00 $ 339,250.00 $ 339,250.00 $ 162,250.00 $ 162,250.00 $ 62,687.50 $ 62,687.50 $ 36,875.00 $ 7,375.00
Hotel Core & Shell Only $ 1,476,934.50 $ 905,853.16 $ 905,853.16 $ 433,234.12 $ 433,234.12 $ 167,385.91 $ 167,385.91 $ 98,462.30 $ 19,692.46
NMGRT (@5.13% [less City & County tax]) $ 313,036.81 $ 191,995.91 $ 191,995.91 $ 91,824.13 $ 91,824.13 $ 35,477.51 $ 35,477.51 $ 20,869.12 $ 4,173.82
BLDG PERMIT FEE (Waived by City)
BLDG PLAN CHECK FEE (Waived by City)
TESTING/INSPECT (SLUMP/COMPAC/STEEL)
WRAP Insurance Policy
CONSTRUCTION MANAGEMENT 1.0% $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29 $ 22,219.29
HARD CONTINGENCY 10.0% $ 409,625.20 $ 251,236.79 $ 251,236.79 $ 120,156.73 $ 120,156.73 $ 46,424.19 $ 46,424.19 $ 27,308.35 $ 5,461.67
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>>
>>>HARD COSTS SUBTOTAL<<< $ 6,846,963.40 $ 4,208,062.34 $ 4,208,062.37 $ 2,024,144.23 $ 2,024,144.23 $ 795,690.28 $ 795,690.28 $ 477,202.23 $ 113,215.87
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>> >>>>>>>>>>>>
***SOFT COSTS***
ARCHITECTURAL/ENGINEERING $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19 $ 48,092.19
Traffic Study
SURVEYS (BOUN/TOPO/ENVIRO/AS BUILT) $ 3,750.00
Condo Survey $ 15,000.00
Condo Documents $ 15,000.00
Residential Market Study
LEGAL (LAND/LEASE/CONST/PERM/LEND) $ 75,000.00
CLOSING (TITLE POLICY-CONSTR & PERM) $ 445,585.93
BANK INSPECTION & APPRAISAL
MARKETING (SIGNS/BROC/PROMO/ADV) $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00
COMMISSIONS (4%-2%)
PROPERTY TAXES DURING CONST (Waived)
GENERAL & ADMINISTRATIVE (4%) $ 298,118.54 $ 182,846.04 $ 182,846.04 $ 87,448.11 $ 87,448.11 $ 33,786.77 $ 33,786.77 $ 19,874.57 $ 3,974.91
SOFT CONTINGENCY (4%) $ 33,032.29 $ 20,259.80 $ 20,259.80 $ 9,689.47 $ 9,689.47 $ 3,743.66 $ 3,743.66 $ 2,202.15 $ 440.43
SOFT COST GRT (@5.13% [less City & County tax]) $ 44,058.47 $ 27,022.53 $ 27,022.53 $ 12,923.82 $ 12,923.82 $ 4,993.29 $ 4,993.29 $ 2,937.23 $ 587.45
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<<
>>>SOFT COSTS SUBTOTAL<<< $ 423,301.48 $ 278,220.56 $ 278,220.56 $ 158,153.58 $ 158,153.58 $ 90,615.91 $ 90,615.91 $ 73,106.14 $ 161,844.98 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 25,000.00 $ 470,585.93
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<<
***FINANCING COSTS***
CONSTRUCTION LOAN POINTS
PERMANENT LOAN POINTS $ 1,043,756.37
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<<
>>>FINANCING COSTS SUBTOTAL<<<
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<<
>>>INTERIM INTEREST Construction<<< $ 337,766.39 $ 355,856.58 $ 374,014.60 $ 383,600.77 $ 393,222.89 $ 398,021.13 $ 402,837.35 $ 406,411.65 $ 408,967.17
>>>INTERIM INTEREST Lease Up<<< $ 414,508.64 $ 416,156.79 $ 417,811.13 $ 419,471.67 $ 421,138.44 $ 422,811.46 $ 424,490.75 $ 426,176.34 $ 427,868.26 $ 429,566.51 $ 431,271.14 $ 434,653.10
**************************
>>>COSTS SUBTOTAL<<< $ 7,608,031.28 $ 4,842,139.48 $ 4,860,297.50 $ 2,565,898.58 $ 2,575,520.70 $ 1,284,327.32 $ 1,289,143.55 $ 956,720.02 $ 684,028.02 $ 1,483,265.01 $ 441,156.79 $ 442,811.13 $ 444,471.67 $ 446,138.44 $ 447,811.46 $ 449,490.75 $ 451,176.34 $ 452,868.26 $ 454,566.51 $ 456,271.14 $ 905,239.03
************************** ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* ************* *************
***LEASE UP INCOME***
Office $ 14,208.06 $ 28,416.11 $ 42,624.17 $ 56,832.22 $ 71,040.28 $ 85,248.33 $ 99,456.39 $ 113,664.44 $ 127,872.50 $ 142,080.56 $ 156,288.61 $ 156,856.93
Hotel $ 154,316.29 $ 154,316.29 $ 154,316.29 $ 154,316.29 $ 154,316.29 $ 154,316.29 $ 154,316.29 $ 154,316.29 $ 154,316.29 $ 154,316.29 $ 154,316.29 $ 154,316.29
Retail $ 3,320.14 $ 6,640.28 $ 6,640.28 $ 13,280.56 $ 16,600.69 $ 19,920.83 $ 23,240.97 $ 26,561.11 $ 29,881.25 $ 33,201.39 $ 36,521.53 $ 36,654.33
Condo Sales $ 9,800,000.00 $ 9,800,000.00 $ 9,800,000.00
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<<
>>>LEASE UP / SALE INCOME SUBTOTAL<<<
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<< <<<<<<<<<<<<
>>>TOTAL BUDGETED COSTS<<<
************************** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** ***********
************************** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** *********** ***********

2. Financial Pro-Forma
OFFICE + RETAIL 10-YEAR PROFORMA

Estimated %
Operating Proforma increase per year 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Schedule Gross Rental 1.5% $ 2,524,060.00 $ 2,524,060.00 $ 2,524,060.00 $ 2,524,060.00 $ 2,678,945.28 $ 2,719,129.46 $ 2,759,916.40 $ 2,801,315.15 $ 2,843,334.88 $ 2,885,984.90
Less Vacancy Factor 8% 8% 8% 8% 8% 8% 8% 8% 8% 8%
Effective Gross Rental $ 2,322,135.20 $ 2,356,967.23 $ 2,392,321.74 $ 2,428,206.56 $ 2,464,629.66 $ 2,501,599.11 $ 2,539,123.09 $ 2,577,209.94 $ 2,615,868.09 $ 2,655,106.11
Less Operating Expenses

Taxes @ 1.15 2% $ 103,666.75 $ 105,740.09 $ 107,854.89 $ 110,011.98 $ 112,212.22 $ 144,456.47 $ 116,745.60 $ 119,080.51 $ 121,462.12 $ 123,891.36
Insurance @ $.25 2% $ 22,536.25 $ 22,986.98 $ 23,446.71 $ 23,915.65 $ 24,393.96 $ 24,881.84 $ 25,379.48 $ 25,887.07 $ 26,404.81 $ 26,932.90
Maintenance @ $1.85 2% $ 166,768.25 $ 170,103.62 $ 173,505.69 $ 176,975.80 $ 180,515.32 $ 184,125.62 $ 187,808.14 $ 191,564.30 $ 195,395.58 $ 199,303.50
Structural & Roof Reserve @ $.30 2% $ 27,043.50 $ 27,584.37 $ 28,136.06 $ 28,698.78 $ 29,272.75 $ 29,858.21 $ 30,455.37 $ 31,064.48 $ 31,685.77 $ 32,319.49
Management @ 4.5% 0% $ 104,496.08 $ 106,063.53 $ 107,654.48 $ 109,269.30 $ 110,908.33 $ 112,571.96 $ 114,260.54 $ 115,974.45 $ 117,714.06 $ 119,479.77
Office & Retail Operating @ $3.50 3% $ 315,507.50 $ 324,972.73 $ 334,721.91 $ 344,763.56 $ 355,106.47 $ 365,759.66 $ 376,732.45 $ 388,034.43 $ 399,675.46 $ 411,665.73
Total Operating Expenses $ 740,018.33 $ 757,451.30 $ 775,319.73 $ 793,635.07 $ 812,409.06 $ 831,653.77 $ 851,381.58 $ 871,605.23 $ 892,337.81 $ 913,592.75
Net Income $ 1,582,116.87 $ 1,599,515.93 $ 1,617,002.01 $ 1,634,571.49 $ 1,652,220.60 $ 1,669,945.34 $ 1,687,741.51 $ 1,705,604.71 $ 1,723,530.28 $ 1,741,513.36
Less Debt Service $ 913,929.07 $ 913,929.07 $ 913,929.07 $ 913,929.07 $ 913,929.07 $ 913,929.07 $ 913,929.07 $ 913,929.07 $ 913,929.07 $ 913,929.07
Cash Flow $ 668,187.79 $ 685,586.86 $ 703,072.93 $ 720,642.42 $ 738,291.53 $ 756,016.27 $ 773,812.44 $ 791,675.63 $ 809,601.21 $ 827,584.29
Debt Service Coverage 1.73 1.75 1.77 1.79 1.81 1.83 1.85 1.87 1.89 1.91

HOTEL 10-YEAR PROFORMA
Downtown Albuquerque Hotel

2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Number of Guestrooms 160 160 160 160 160 160 160 160 160 160
Days per Year 365 365 365 365 365 365 365 365 365 365
Available Rooms 58,400 58,400 58,400 58,400 58,400 58,400 58,400 58,400 58,400 58,400
Occupancy 61.00% 64.00% 66.00% 68.00% 68.00% 68.00% 68.00% 68.00% 68.00% 68.00%
Occupied Rooms 35,624 37,376 38,544 39,712 39,712 39,712 39,712 39,712 39,712 39,712
Average Daily Rate $ 210.00 $ 211.00 $ 212.00 $ 212.00 $ 212.00 $ 214.00 $ 215.00 $ 216.00 $ 218.00 $ 220.00
REVENUE
Rooms $ 7,481,040.00 80.0% $ 7,886,336.00 80.5% $ 8,171,328.00 80.8% $ 8,418,944.00 80.9% $ 8,418,944.00 80.6% $ 8,498,368.00 80.5% $ 8,538,080.00 80.2% $ 8,577,792.00 80.0% $ 8,657,216.00 79.8% $ 8,736,640.00 79.6%
Food & Beverage $ 1,750,000.00 18.7% $ 1,785,000.00 18.2% $ 1,820,700.00 18.0% $ 1,857,114.00 17.9% $ 1,894,256.28 0.0% $ 1,932,141.41 18.3% $ 1,970,784.23 18.5% $ 2,010,199.92 18.7% $ 2,050,403.92 18.9% $ 2,091,412.00 0.0%
Rentals & Other Income $ 120,000.00 1.3% $ 122,400.00 1.2% $ 124,848.00 1.2% $ 127,344.96 1.2% $ 129,891.86 1.2% $ 132,489.70 1.3% $ 135,139.49 1.3% $ 137,842.28 1.3% $ 140,599.13 1.3% $ 143,411.11 1.3%
TOTAL $ 9,351,040.00 100.0% $ 9,793,736.00 100.0% $ 10,116,876.00 100.0% $ 10,403,402.96 100.0% $ 10,443,092.14 100.0% $ 10,562,999.10 100.0% $ 10,644,003.72 100.0% $ 10,725,834.20 100.0% $ 10,848,219.04 100.0% $ 10,971,463.10 100.0%
DEPARTMENT EXPENSES
Rooms $ 1,870,208.00 20.0% $ 1,958,747.20 20.0% $ 2,023,375.20 20.0% $ 2,080,680.59 20.0% $ 2,088,618.43 20.0% $ 2,112,599.82 20.0% $ 2,128,800.74 20.0% $ 2,145,166.84 20.0% $ 2,169,643.81 20.0% $ 2,194,292.62 20.0%
Food & Beverage $ 1,225,000.00 39.6% $ 1,249,500.00 38.9% $ 1,274,490.00 38.6% $ 1,299,979.80 38.5% $ 1,325,979.40 38.8% $ 1,352,498.98 39.0% $ 1,379,548.96 39.3% $ 1,407,139.94 39.6% $ 1,435,282.74 39.8% $ 1,463,988.40 40.0%
Rentals & Other Income $ 60,000.00 1.9% $ 61,200.00 1.9% $ 62,424.00 1.9% $ 63,672.48 1.9% $ 64,945.93 1.9% $ 66,244.85 1.9% $ 67,569.75 1.9% $ 68,921.14 1.9% $ 70,299.56 2.0% $ 71,705.55 2.0%
TOTAL $ 3,095,208.00 61.5% $ 3,208,247.20 60.9% $ 3,297,865.20 60.5% $ 3,380,660.39 60.3% $ 3,414,597.82 60.7% $ 3,465,098.80 60.9% $ 3,508,349.71 61.2% $ 3,552,306.78 61.6% $ 3,604,926.55 61.8% $ 3,658,281.02 62.0%
OPERATED DEPARTMENTS INCOME $ 6,225,832.00 66.9% $ 6,585,488.80 67.2% $ 6,819,010.80 67.4% $ 7,022,742.57 67.5% $ 7,028,494.32 67.3% $ 7,097,900.30 67.2% $ 7,135,654.02 67.0% $ 7,173,527.42 66.9% $ 7,243,292.49 66.8% $ 7,313,182.09 66.7%
UNDISTRIBUTED OPERATING EXPENSES
Administrative & General $ 467,552.00 5.0% $ 489,686.80 5.0% $ 505,843.80 5.0% $ 520,170.15 5.0% $ 522,154.61 5.0% $ 528,149.96 5.0% $ 532,200.19 5.0% $ 536,291.71 5.0% $ 542,410.95 5.0% $ 548,573.16 5.0%
Credit Card Commissions $ 224,424.96 2.4% $ 235,049.66 2.4% $ 242,805.02 2.4% $ 249,681.67 2.4% $ 250,634.21 2.4% $ 253,511.98 2.4% $ 255,456.09 2.4% $ 257,420.02 2.4% $ 260,357.26 2.4% $ 263,315.11 2.4%
Basic Management Fee $ 280,531.20 3.0% $ 293,812.08 3.0% $ 303,506.28 3.0% $ 312,102.09 3.0% $ 313,292.76 3.0% $ 316,889.97 3.0% $ 319,320.11 3.0% $ 321,775.03 3.0% $ 325,446.57 3.0% $ 329,143.89 3.0%
Marketing $ 374,341.60 4.0% $ 391,749.44 4.0% $ 404,675.04 4.0% $ 416,136.12 4.0% $ 417,723.69 4.0% $ 422,519.96 4.0% $ 425,760.15 4.0% $ 429,033.37 4.0% $ 433,928.76 4.0% $ 438,858.52 4.0%
Franchise Fee & Frequent Guest Program $ 673,293.60 9.0% $ 709,770.24 9.0% $ 735,419.52 9.0% $ 757,704.96 9.0% $ 757,704.96 9.0% $ 764,853.12 9.0% $ 768,427.20 9.0% $ 772,001.28 9.0% $ 779,149.44 9.0% $ 786,297.60 9.0%
Property Operations & Maintenance $ 187,020.80 2.0% $ 195,874.72 2.0% $ 202,337.52 2.0% $ 208,068.06 2.0% $ 208,861.84 2.0% $ 211,259.98 2.0% $ 212,880.07 2.0% $ 214,516.68 2.0% $ 216,964.38 2.0% $ 219,429.26 2.0%
Energy $ 140,265.60 1.5% $ 146,906.04 1.5% $ 151,753.14 1.5% $ 156,051.04 1.5% $ 156,646.38 1.5% $ 147,881.99 1.4% $ 149,016.05 1.4% $ 150,161.68 1.4% $ 151,875.07 1.4% $ 153,600.48 1.4%
TOTAL $ 2,347,129.76 26.9% $ 2,462,848.98 26.9% $ 2,546,340.32 26.9% $ 2,619,914.09 26.9% $ 2,627,018.45 26.9% $ 2,645,066.96 26.8% $ 2,663,059.86 26.8% $ 2,681,199.77 26.8% $ 2,710,132.43 26.8% $ 2,739,218.03 26.8%
INCOME BEFORE FIXED CHARGES $ 3,908,702.24 41.8% $ 4,122,639.82 42.1% $ 4,272,670.48 42.2% $ 4,402,828.48 42.3% $ 4,401,475.86 42.1% $ 4,452,833.34 42.2% $ 4,472,594.15 42.0% $ 4,492,327.65 41.9% $ 4,533,160.06 41.8% $ 4,573,964.05 41.7%
FIXED CHARGES
Real Estate & Property Taxes $ 150,000.00 1.6% $ 155,000.00 1.6% $ 160,000.00 1.6% $ 165,000.00 1.6% $ 170,000.00 1.6% $ 175,000.00 1.7% $ 175,000.00 1.6% $ 175,000.00 1.6% $ 175,000.00 1.6% $ 175,000.00 1.6%
Building & Contents Insurance $ 60,000.00 0.6% $ 65,000.00 0.7% $ 70,000.00 0.7% $ 75,000.00 0.7% $ 80,000.00 0.8% $ 82,000.00 0.8% $ 84,000.00 0.8% $ 86,000.00 0.8% $ 86,000.00 0.8% $ 86,000.00 0.8%
TOTAL $ 210,000.00 2.2% $ 220,000.00 2.2% $ 230,000.00 2.3% $ 240,000.00 2.3% $ 250,000.00 2.4% $ 257,000.00 2.4% $ 259,000.00 2.4% $ 261,000.00 2.4% $ 261,000.00 2.4% $ 261,000.00 2.4%
INCOME BEFORE RESERVE $ 3,698,702.24 39.6% $ 3,902,639.82 39.8% $ 4,042,670.48 40.0% $ 4,162,828.48 40.0% $ 4,151,475.86 39.8% $ 4,195,833.34 39.7% $ 4,213,594.15 39.6% $ 4,231,327.65 39.4% $ 4,272,160.06 39.4% $ 4,312,964.05 39.3%
Reserve for Replacement $ 187,020.80 2.0% $ 195,874.72 2.0% $ 202,337.52 2.0% $ 208,068.06 2.0% $ 208,861.84 2.0% $ 211,259.98 2.0% $ 212,880.07 2.0% $ 214,516.68 2.0% $ 216,964.38 2.0% $ 219,429.26 2.0%
NET OPERATING INCOME $ 3,511,681.44 37.6% $ 3,706,765.10 37.8% $ 3,840,332.96 38.0% $ 3,954,760.42 38.0% $ 3,942,614.02 37.8% $ 3,984,573.36 37.7% $ 4,000,714.08 37.6% $ 4,016,810.96 37.4% $ 4,055,195.68 37.4% $ 4,093,534.79 37.3%
Less Debt Service $ 1,851,795.46 $ 1,851,795.46 $ 1,851,795.46 $ 1,851,795.46 $ 1,851,795.46 $ 1,851,795.46 $ 1,851,795.46 $ 1,851,795.46 $ 1,851,795.46 $ 1,851,795.46
Cash Flow $ 1,659,885.98 $ 1,854,969.63 $ 1,988,537.49 $ 2,102,964.95 $ 2,090,818.55 $ 2,132,777.89 $ 2,148,918.61 $ 2,165,015.50 $ 2,203,400.22 $ 2,241,739.33
Debt Service Coverage 1.90 2.00 2.07 2.14 2.13 2.15 2.16 2.17 2.19 2.21
Supportable Debt (NOI/12%) $ 29,264,012.00

E. FI NA N C I AL C APA C I T Y
1. Letters of Interest
This project is eligible for New Market Tax Credits (NMTC) as
Perspective NW
proposed in the capital stack. In order to qualify for NMTC a
project must be within a Qualified Low Income Community,
which has several definitions, one of which is that the Census
Tract is identified by HUD as a Qualified Census Tract (QCT).
Downtown resides in Census Tract 20, which is a QCT. The
amount of NMTC available for a project depends on several
factors, the main being the amount of the Qualified Equity
Investment (QEI) into the project. We have been conservative in
our estimate of the NMTC allocation that this project would be
eligible for based upon the QEI of the hard costs of the project.
The nature of this project will make some of the costs eligible
for Local Economic Development Assistance (LEDA) funds.
We have calculated the amount of LEDA funds proposed in the
capital stack based upon a per square foot dollar amount factor,
to be applied to tenant finish work in the Office and Retail space,
multiplied by the square footage. We feel confident that our
estimate for LEDA funds allocation is conservative and would
be easily supported by the required job creation numbers. We
have had discussions with the Citys Economic Development
Department and they are willing and supportive of considering
how a mixed-use project like the one proposed at this site could
be eligible for some LEDA funding.
The structured parking sale value as proposed in the capital

stack, which will be subject to negotiation and agreement
between Symphony Tower, LLC and the City, can be at least
partially funded through a Tax Increment Development District
(TIDD). The Downtown 2025 Sector Plan even encourages the
utilization of a TIDD to fund civic infrastructure improvements,
particularly for parking structures in the core. In a preliminary
analysis performed by DPFG, a 25 year TIDD has the potential
with investUS, the New Mexico Regional Center, to facilitate the
to generate approximately $11.5MM for this purpose. The
incorporation of this type of funding into the capital stack.
structured parking sale can also be partially funded through
an Industrial Revenue Bond (IRB) paid back by of the parking Part of the capital stack as proposed is composed of income
structure operating cash flow. Based upon a preliminary generated during the one-year lease-up period. This income is
operating pro forma analysis for the structured parking, we a combination of retail and office rental income and preliminary
believe the cash flow can support an approximately $6.3MM IRB. installments of the hotel debt service.
Part of the capital stack as proposed is composed of income The remainder of the capital stack is filled by conventional loan
generated by presales of the residential condominiums. We are debt which will be organized as two separate loans, one being
exploring the potential of using EB-5 funding to supplement this serviced by the Office and Retail portion of the building and the
presale income should it be necessary and have been working other being serviced by the Hotel operations.
RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O i

E . F I N A NCIAL CAPACITY
June 12, 2017
Mr. Matthew Butkus

600 2nd Street NW 3rd Floor
Dear. Mr. Butkus:
Recently Symphony Tower LLC (to be formed) through their proposed Managing Member, David
Silverman, requested a reference letter to give an indication of the quality of their banking relationship
with investUS LLC, as well as their ability to successfully complete the proposed Downtown Albuquerque
High Rise development as part of the Skyline Competition RFP.
By way of introduction, investUS LLC is New Mexicos only approved EB-5 Regional Center with a
dedicated staff of experienced lending, economic development and legal professionals serving the State of
New Mexico. The EB-5 program is an immigration investment program administered by the US Citizenship
and Immigration Service to facilitate investment by foreign investors through which they obtain EB5
residency status. For more information, please see www.investUS-EB5.com.
During my lending career, which spans 23 years, I have worked with a variety of project developers in the
US and abroad. Over the last several years, I have had the pleasure of working with the Silverman family,
and some of their various corporate entities on residential and commercial acquisition, development, and
mixed-use construction projects. The Silverman family employ creative architectural and urban designs
which are well suited given the land and building requirements of the Albuquerque Skyline Competition
RFP. Their team is very well disciplined with regard to financing constraints as projects were completed
within their initial cost estimates or under budget.
The Silverman family and their related companies is one of investUS LLC most highly regarded
relationships. It is our impression that the Silverman family and the team that they have assembled, is
very knowledgeable and sophisticated in their approach and practices.
We look forward to evaluating the opportunity should it become a possibility on this particularly project.
If you need any further information please dont hesitate to give me a call at 505-246-6902.
Sincerely,
ii SYMPHONY TOWER, LLC

E . FI N A N C I A L C A PA C I T Y
RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O iii

July 10, 2017
Mr. Matthew Butkus

Dear Mr. Butkus:
Recently Symphony Tower, LLC (to be formed) through their proposed Managing Member, David
Silverman, requested a reference letter to give an indication of the quality of their relationship with
NorthMarq Capital, as well as their ability to successfully complete the proposed Downtown
Albuquerque High Rise development as part of the Skyline Competition RFP.
NorthMarq Capital provides debt, equity, and loan services for owners and lenders of commercial real
estate through 37 regional offices coast-to-coast. We offer clients the ideal combination of a strong
national company capable of attracting a wide range of capital sources, a strong loan servicing portfolio to
manage the life of the loan, and exceptional knowledge of local markets. With an annual production
volume of nearly $13 billion and a loan servicing portfolio of $50 billion on behalf of more than 50
institutional investors, NorthMarq is one of the largest commercial real estate mortgage banking firms in
the U.S.
During my 36 year lending career, I have financed over 300 debt and equity transactions totaling over $4
billion. Much of my lending background has been with developers such the Silverman family. NorthMarq
Capital has built an excellent relationship with the Silverman family & their related companies over many
years. NorthMarq has successfully financed several past development projects of theirs and their business
approach and practices are best-in-class.
The Albuquerque Skyline Competition RFP is a unique development opportunity that will serve as the
catalyst for the revitalization of downtown Albuquerque. The Silverman family and the team that they
have assembled possess the innovative & sophisticated entrepreneurial spirit, development expertise, and
highly specialized skills required to successively navigate the various complexities and complete a
vibrant, first-class, mixed-use development, such as Symphony Tower. We look forward to evaluating the
financing opportunities for this project, should it become a possibility.
Please feel free to contact me at (713) 622-6300 if you have any questions.
Sincerely,
P. John Burke, Jr.

Managing Director
Northmarq Capital LLC
1 Riverway Drive, Suite 2400 Houston, TX 77056 T. 713.622.6300 northmarq.com
iv SYMPHONY TOWER, LLC

RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O v

Generating jobs and opportunities

for the Albuquerque Metro Area
July 11, 2017
Mr. Matthew Butkus

Planning Department
City of Albuquerque
One Civic Plaza
Re: Albuquerque Skyline Competition
Dear Mr. Butkus:
Please accept this letter of support for Symphony Tower, LLCs submission to the Albuquerque Skyline
Competition.
Our organization frequently meets with and hosts site selection consultants and representatives from companies
considering the Albuquerque metro area for expansion. Real estate options are an important part of these
conversations, especially as companies evaluate how their location choice will help them attract the best and
brightest talent.
Many employers are looking for state-of-the-art, attractive real estate options located in urban centers where the
employees they seek want to live, work and play. Todays workforce, especially the younger demographic, is
looking to live and work in walkable areas that provide important amenities in close proximity to each other.
Thats why developments such as that envisioned through this competition are so important to the long-term
vitality of our local economy, and Im excited about the prospect of such a quality project being developed
downtown. Presenting this new option to out-of-state clients just might make it easier for them to choose
Albuquerque as their future home.
The successful development emerging from the competition will no doubt be catalytic for downtown and
throughout the metro area, spurring job growth and other future development. While Im not aware of any other
proposals being submitted, the Symphony Tower proposal appears to check all the right boxes for new employers
considering the area.
I applaud the City for initiating the Albuquerque Skyline Competition, as a successful outcome will provide an
important boost to the community, and better showcase Albuquerques downtown as an up-and-coming urban
center so important to many of the employers were working to recruit to the area.
If you have any questions, please feel free to contact me.
Respectfully submitted,
Gary Tonjes
President
Albuquerque Economic Development, Inc.
W W W .AB Q.OR G
851 University Blvd. SE, Suite 203 Albuquerque, New Mexico 87106
505-246-6200 PHONE 800-451-2933 TOLL-FREE 505-246-6219 FAX
vi SYMPHONY TOWER, LLC

2. Proposer Financial Risk 3. Other Financial Obligations

To date, Geltmore, LLC (on behalf of Symphony Tower LLC) has Symphony Tower, LLC does not have any other financial
invested $32,060 out of pocket in predevelopment expenses obligations that will impact this project.
to prepare this submittal package in the most complete
and accurate way possible. These expenses are related to
design development and architecture services performed by
CallisonRTKL and a hotel market study performed by Horwath
HTL. In addition to these expenses, our team has invested
approximately 1,000 hours of human resource time into preparing
this submittal package. Valuing our time at roughly $100 per hour,
we have invested $100,000 worth of time, that combined with the
$32,060 of out of pocket expenses bring our total investment into
the project to $132,060 before even being selected.
If selected, Symphony Tower, LLC will have to invest

approximately two million dollars ($2MM) in additional
predevelopment costs and contribute approximately ten million
dollars ($10MM) of equity in the project to attract 3rd party equity
and debt to make this project come to life.
Graphic visualization created by CallisonRTKL

4. Financing References
vii SYMPHONY TOWER, LLC

June 20, 2017

Mr. Matthew Butkus
Dear. Mr. Butkus:
Recently Symphony Tower LLC (to be formed) through their proposed Managing Member, David
Silverman, requested a reference letter to give an indication of the quality of their relationship with our
firm, as well as their ability to successfully complete the proposed Downtown Albuquerque High Rise
development as part of the Skyline Competition RFP.
Q10 Realty Mortgage & Investment Company is a commercial mortgage banking firm with offices in
Denver, CO and Albuquerque, NM. The company serves commercial real estate owners, buyers,
investors, and developers as a source of long term fixed rate commercial mortgage financing for a wide
variety of property types and users. The company is a Q10 Capital, LLC Partner whose members are the
leading commercial real estate capital providers throughout the United States.
During my lending career, which spans 35 years, I have worked with a variety of project developers in
the US. Over the last 25 years, I have had the pleasure of working with the Silverman family, and some
of their various corporate entities on the permanent financing of their development projects. The
Silverman family employ creative architectural and urban designs which are well suited given the land
and building requirements of the Albuquerque Skyline Competition RFP. Their team is very well
disciplined with regard to financing constraints as projects were completed within their initial cost
estimates or under budget.
The Silverman family and their related companies have been a great client of ours over the years. It is
our impression that the Silverman family and the team that they have assembled, is very knowledgeable
and sophisticated in their approach and practices. We look forward to evaluating the opportunity
should it become a possibility on this particularly project.
If you need any further information, your telephone call will receive my immediate attention. You can
reach me anytime at 303-981-5739.
Sincerely,
Q10 REALTY MORTGAGE & INVESTMENT COMPANY
Michael Kelly
President
RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O viii

June 22, 2017
RE: Albuquerque Skyline Competition RFP

Letter of Reference for the Silverman Family
To whom it may concern:
This letter is to provide a reference for the Silverman family, particularly regarding our recent
experience financing a commercial real estate property in Albuquerque, NM.
I have known the Silverman family for the last four years through industry associations, and Nusenda
Credit Union is currently in process of closing a commercial loan for one of their projects. I have worked
directly with them on this financing, and in doing so, can speak to their demonstrated expertise in the
development and management of commercial real estate. Further, they have the financial wherewithal
to obtain competitive financing terms.
I also note that the Silverman family has also been an active participant in downtown revitalization and
local economic development efforts. They are adept at incorporating economic development tools to
improve the financial feasibility of a project to the benefit of both the lender and their tenants.
Please feel free to contact me at 505.998.2630 or cclepper@nusenda.org if you have any questions.
Best Regards,
Chris Clepper
Senior Vice President
Business Services
P.O. Box 8530 505-889-7755

Albuquerque, NM 87198 800-347-2838
www.nusenda.org
ix SYMPHONY TOWER, LLC

5. Financial Statements
NE Building Detail
An accountant reviewed the combined financial statement

of the members owning 10% or more of the LLC, which has
been submitted separately and confidentially. Please refer
to the sealed envelope marked confidential.
Members owning 10% or more of the LLC include the following:

>> Paul Silverman
>> Steve Chavez
>> J. Kyle Bodhaine
>> David Storm
>> David Silverman
>> Adam Silverman
RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O x

G. PRO J E C T DE TAI LS
1. Time Frame
2017 2018 2019 2020 2021
MAR
MAR
MAR
MAR
MAR
MAY
MAY
MAY
MAY
MAY
NOV
AUG
NOV
AUG
NOV
AUG
NOV
AUG
NOV
JAN
JUN
JAN
JUN
JAN
JUN
JAN
JUN
JAN
APR
APR
APR
APR
APR
OCT
DEC
OCT
DEC
OCT
DEC
OCT
DEC
OCT
DEC
SEP
SEP
SEP
SEP
SEP
FEB
JUL
FEB
JUL
FEB
JUL
FEB
JUL
FEB
ABQ Skyline Competition Award Date
Development Agreement Negotiation
Condo Sales Marketing
EB-5 Marketing
Soils, As-Built Survey & Ph. 1 Testing
New Market Tax Credits
Prep. of Design Development Drawings
Contractor Pricing
Preparation of Construction Drawings
Arrange/Document Construction Financing
Bid & Document Construction Contract
Vertical Construction
Lease Up and Sales
2. Proposed Change to Existing Zoning 3. Other Information

or Design Constraints
The LLC name Symphony Tower LLC has been reserved by
The proposing entity does not believe that a zoning change proposer with the NM Secretary of States office. Upon being
would be necessary to develop the project as described in this awarded this proposal, proposer will officially form the LLC with
response to the RFP. the Secretary of States office, and provide the LLC operating
agreement and associated information to City of Albuquerque
Metropolitan Redevelopment Department. A copy of the
application can be viewed in Appendix D.

RESUME S
PA UL L . SILVERM AN
MANAGER / CEO
EDUCATION MEMBERSHIPS + ASSOCIATIONS

>> Bachelor of Business Administration, University of Texas, Austin, TX, 1970 >> Licensed Real Estate Broker, NM, TX, & OK
>> Graduate Real Estate Courses, University of Houston, Houston, TX, 1971 >> Licensed General Contractor, NM
>> NAIOP National Board of Directors
-- multiple positions, 1991 - 2005
BUSINESS EXPERIENCE >> International Council of Shopping Centers,
>> Asian Development Group - CEO - Retail development in China, 2004 - 2008 State Governmental Affairs Chairman, Member
>> Geltmore LLC - Manager/Sole Owner - Development and Management entity of Geltmore >> Uptown Progress Team, Inc., Member,
family of companies properties, 2004 - present Chairman, 2006 - 2007
>> Albuquerque/Bernalillo Air Quality Control
>> Store-It! PTE. LTD., Singapore - Co-Founder/Director - Asian self-storage Company, 2004 - 2012
Board, Commissioner, 1994 - 2004
>> Posada Primera LLC - Managing Partner - Santa Fe, NM - Hotel ownership, 2002 - 2015 >> City of Alb. West Side Road Task Force, 2004
>> Planning Technologies, LLC - Co-Founder - Albuquerque, NM - Real estate and >> 32nd Annual Planning & Zoning Workshop,
transportation planning projects using GIS based solutions, 1996 - present Planning & Zoning for Community Land Use
>> TeleServices Development International, LLC - Co-Founder - Albuquerque, NM - Full service >> Jewish Community Center Executive Committee,
facility solutions to companies involved in teleservices markets, 1995 - 2004 Chairman, Building Subcommittee, 1998 - 2000
>> Geltmore Land Ltd., Co. - Manager - Albuquerque, NM - Engaged in the business of >> Downtown Action Team, Downtown
Urbanization Task Force, 1998
acquiring and developing raw land for commercial uses, 1993 - 2008
>> Civil Engineering Research Foundation,
>> Geltmore, Inc. - President - Albuquerque, NM - Real Estate Holding Company, 1991 - present
Highway Innovative Technology Evaluation
>> CA Systems, Inc. - Co-Owner - Albuquerque, NM - Sheet metal fabrication for the Center, Panel Member on the US Gypsum Sight
construction industry, 1992 - 1993 and Sound Wall System, 1995 - 1996
>> Lee Cattle Co. Grille, Inc. - President - Ruidoso, NM - Franchisee of family steak house >> Office of Technology Assessment, United States
restaurant chain, 1980 - 2013 Congress, Advisory Panel Member on Cities,
Technology and Infrastructure, 1994 - 1995
>> Trammell Crow Company - Area Partner - New Mexico/West Texas - Developed mobile home
>> Middle Rio Grande Council of Governments
parks and rental housing for own account, 1979 - 1991
-- Long Range Intermodal Transportation Plan,
>> Personal Investments - Hobbs, NM - Developed mobile home parks and rental housing for Member of the Citizens Advisory Committee
own account, 1977 - 1979 and Joint Review Committee, 1993 - 1994
>> Canal Services Company - President - Freeport, TX - Texaco Marine Jobber serving the -- Transportation Coordinating Committee,
Texas Gulf Coast, 1975 - 1977 1994 - 2004
-- Urban Transportation Policy and Planning
>> Predecessor of CBRE - Dallas, TX, 1972 -1976
Board, 1994 - 2004
>> Foleys Department Store - Buyer - Houston, TX, 1971 >> Greater Albuquerque Chamber of Commerce
-- Chairman, Transportation Subcommittee,
AWARDS + DISTINCTIONS 1996 - 1998
-- Chair, Growth Planning Council, 2004
>> NAIOP 2004 Retail Project of the Year, New Mexico -- Member, Board of Directors, 1999 - present
>> NAIOP 2002 Member of the Year, New Mexico -- Member, Executive Committee, 2004
>> NAIOP 1988 Small Chapter of the Year, 1988 >> Mayors Transition Caucus for Transit and
Parking Division, Co-Chairman, 1993, 1997
>> Top Five Salesperson - Coldwell Banker Commercial Brokerage CO., 1974
>> Albuquerque Economics Development Inc.,
>> Founder - Business Crime Watch Network
Former Co-Chairman Bay Area Marketing
>> New Mexico Department of Transportation - Private development consultant to NMDOT for Projects, Member, 1989 - 1998
Public Private Venture for the development of NMDOT HQ and District 5 facilities, 2006 - 2007
RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O

G. PRO J E C T DE TAI LS
1. Time Frame
2017 2018 2019 2020 2021
MAR
MAR
MAR
MAR
MAR
MAY
MAY
MAY
MAY
MAY
NOV
AUG
NOV
AUG
NOV
AUG
NOV
AUG
NOV
JAN
JUN
JAN
JUN
JAN
JUN
JAN
JUN
JAN
APR
APR
APR
APR
APR
OCT
DEC
OCT
DEC
OCT
DEC
OCT
DEC
OCT
DEC
SEP
SEP
SEP
SEP
SEP
FEB
JUL
FEB
JUL
FEB
JUL
FEB
JUL
FEB
ABQ Skyline Competition Award Date
Development Agreement Negotiation
Condo Sales Marketing
EB-5 Marketing
Soils, As-Built Survey & Ph. 1 Testing
New Market Tax Credits
Prep. of Design Development Drawings
Contractor Pricing
Preparation of Construction Drawings
Arrange/Document Construction Financing
Bid & Document Construction Contract
Vertical Construction
Lease Up and Sales
2. Proposed Change to Existing Zoning 3. Other Information

or Design Constraints
The LLC name Symphony Tower LLC has been reserved by
The proposing entity does not believe that a zoning change proposer with the NM Secretary of States office. Upon being
would be necessary to develop the project as described in this awarded this proposal, proposer will officially form the LLC with
response to the RFP. the Secretary of States office, and provide the LLC operating
agreement and associated information to City of Albuquerque
Metropolitan Redevelopment Department. A copy of the
application can be viewed in Appendix D.

RESUME S
PA UL L . SILVERM AN
MANAGER / CEO
EDUCATION MEMBERSHIPS + ASSOCIATIONS

>> Bachelor of Business Administration, University of Texas, Austin, TX, 1970 >> Licensed Real Estate Broker, NM, TX, & OK
>> Graduate Real Estate Courses, University of Houston, Houston, TX, 1971 >> Licensed General Contractor, NM
>> NAIOP National Board of Directors
-- multiple positions, 1991 - 2005
BUSINESS EXPERIENCE >> International Council of Shopping Centers,
>> Asian Development Group - CEO - Retail development in China, 2004 - 2008 State Governmental Affairs Chairman, Member
>> Geltmore LLC - Manager/Sole Owner - Development and Management entity of Geltmore >> Uptown Progress Team, Inc., Member,
family of companies properties, 2004 - present Chairman, 2006 - 2007
>> Albuquerque/Bernalillo Air Quality Control
>> Store-It! PTE. LTD., Singapore - Co-Founder/Director - Asian self-storage Company, 2004 - 2012
Board, Commissioner, 1994 - 2004
>> Posada Primera LLC - Managing Partner - Santa Fe, NM - Hotel ownership, 2002 - 2015 >> City of Alb. West Side Road Task Force, 2004
>> Planning Technologies, LLC - Co-Founder - Albuquerque, NM - Real estate and >> 32nd Annual Planning & Zoning Workshop,
transportation planning projects using GIS based solutions, 1996 - present Planning & Zoning for Community Land Use
>> TeleServices Development International, LLC - Co-Founder - Albuquerque, NM - Full service >> Jewish Community Center Executive Committee,
facility solutions to companies involved in teleservices markets, 1995 - 2004 Chairman, Building Subcommittee, 1998 - 2000
>> Geltmore Land Ltd., Co. - Manager - Albuquerque, NM - Engaged in the business of >> Downtown Action Team, Downtown
Urbanization Task Force, 1998
acquiring and developing raw land for commercial uses, 1993 - 2008
>> Civil Engineering Research Foundation,
>> Geltmore, Inc. - President - Albuquerque, NM - Real Estate Holding Company, 1991 - present
Highway Innovative Technology Evaluation
>> CA Systems, Inc. - Co-Owner - Albuquerque, NM - Sheet metal fabrication for the Center, Panel Member on the US Gypsum Sight
construction industry, 1992 - 1993 and Sound Wall System, 1995 - 1996
>> Lee Cattle Co. Grille, Inc. - President - Ruidoso, NM - Franchisee of family steak house >> Office of Technology Assessment, United States
restaurant chain, 1980 - 2013 Congress, Advisory Panel Member on Cities,
Technology and Infrastructure, 1994 - 1995
>> Trammell Crow Company - Area Partner - New Mexico/West Texas - Developed mobile home
>> Middle Rio Grande Council of Governments
parks and rental housing for own account, 1979 - 1991
-- Long Range Intermodal Transportation Plan,
>> Personal Investments - Hobbs, NM - Developed mobile home parks and rental housing for Member of the Citizens Advisory Committee
own account, 1977 - 1979 and Joint Review Committee, 1993 - 1994
>> Canal Services Company - President - Freeport, TX - Texaco Marine Jobber serving the -- Transportation Coordinating Committee,
Texas Gulf Coast, 1975 - 1977 1994 - 2004
-- Urban Transportation Policy and Planning
>> Predecessor of CBRE - Dallas, TX, 1972 -1976
Board, 1994 - 2004
>> Foleys Department Store - Buyer - Houston, TX, 1971 >> Greater Albuquerque Chamber of Commerce
-- Chairman, Transportation Subcommittee,
AWARDS + DISTINCTIONS 1996 - 1998
-- Chair, Growth Planning Council, 2004
>> NAIOP 2004 Retail Project of the Year, New Mexico -- Member, Board of Directors, 1999 - present
>> NAIOP 2002 Member of the Year, New Mexico -- Member, Executive Committee, 2004
>> NAIOP 1988 Small Chapter of the Year, 1988 >> Mayors Transition Caucus for Transit and
Parking Division, Co-Chairman, 1993, 1997
>> Top Five Salesperson - Coldwell Banker Commercial Brokerage CO., 1974
>> Albuquerque Economics Development Inc.,
>> Founder - Business Crime Watch Network
Former Co-Chairman Bay Area Marketing
>> New Mexico Department of Transportation - Private development consultant to NMDOT for Projects, Member, 1989 - 1998
Public Private Venture for the development of NMDOT HQ and District 5 facilities, 2006 - 2007

RESUMES
DAVID L . SILVERM AN
QUALIFYING BROKER, PRINCIPAL
EDUCATION REGISTRATIONS
>> Bachelor of Science in Business Administration, University of Colorado, Boulder, CO, 2005 >> New Mexico License ID: 19054
>> 2007 ICSC University of Shopping Centers, Wharton School University of Pennsylvania
>> Completed courses taught by industry professionals in the following areas: AFFILIATIONS
-- Evaluating Lease Deals >> NAIOP New Mexico Board of Directors,
2017 - present
-- The Lease and its Language
>> International Council of Shopping Centers
-- Preparing Effective Lease Proposals (ICSC), Member
-- Leasing to Independent Retailers and Alternative Uses >> International Council of Shopping Centers
(ICSC), Certified Leasing Specialist,
EMPLOYMENT November 2012 - present
>> NAIOP New Mexico, Developing Leaders
>> Geltmore, LLC - Qualifying Broker, Principal, May 2012 - present Council, Member, 2012 - present
>> Flocke & Avoyer Commercial Real Estate - Sales Associate, September 2005 - April 2012 >> Big Brothers Big Sisters of San Diego
County, Volunteer, 2007 - 2012
ACCOMPLISHMENTS >> Downtown ABQ Main Street, Board of
Directors, 2014 - present
>> Imperial Building Development, Downtown ABQ >> Downtown Action Team, Board of
-- 120,000sf mixed-use building consisting of 24,000sf of retail space (grocery Directors, 2013 - 2014
anchored) and 74 mixed income apartments. >> MiABQ, Co-Chair, 2016 - present
>> Assisted senior brokers in the leasing of 3 million square feet of retail space in San >> Somos ABQ, Organizing Committee
Diego and Riverside Counties
>> Participated with senior brokers in over 175 lease and sale transactions in 6.5 years
(worth roughly $95 million in consideration)
>> Represented Institutional Real Estate Owners such as Vestar Development, American
Assets Trust, Regency Centers, Terramar Retail Centers, Alecta Real Estate USA, and
Buie Stoddard Properties
>> Represented San Diego County Credit Union, Evans Tire, and Cotijas Mexican Food in
their exclusive tenant representation
SYMPHONY TOWER, LLC

R E S U ME S
AD AM SILVERM AN
SALES, PRINCIPAL
Adam is a versatile, results-oriented, real estate professional with extensive EDUCATION

experience in corporate real estate, including industrial, office, retail, and portfolio >> Bachelor of Arts in History,
management. He is armed with solid communication and interpersonal skills University of Colorado - Boulder
to establish and maintain rapport with clients, vendors, and staff. His career in
commercial real estate has been defined by my business acumen, loyalty, and
AFFILIATIONS
commitment to the craft. During his tenure as a broker in California, he personally
completed over 390 sale and lease transactions totaling approximately 3,000,000sf. >> Albuquerque Biological Park Board
Member, Botanic Gardens
The total transaction value of these efforts is just over $105,000,000. Adam was
>> Real Estate Committee for Childrens
personally responsible for over 45% of the transactions associated with the firm
Grief Center of New Mexico
during his tenure.
>> Leadership New Mexico-Connect
Class, 2017
>> NAIOP, Member
WORK EXPERIENCE
>> CCIM Candidate
Geltmore, LLC - Principal, Industrial & Office Development Manager, 2015 - present
>> Acquisitions Analysis
>> Marketing
>> Leasing
>> Research and Feasibility
Strata Realty, Inc. - Senior Associate - Commercial Brokerage, 2005 - 2015

>> Lease and Sale Negotiations
>> Landlord and Tenant Representation
>> Site Selection
>> Marketing
>> Research and Feasibility
>> Contracts and Leases
>> Escrow and Title
Strata Realty, Inc. - Jr. Associate, 2003 - 2005

RESUMES
TRA CY RIF F E, CPA

OPERATIONS - OFFICE & RETAIL
WORK EXPERIENCE EDUCATION

Geltmore LLC - Controller & Property Manager, 2002 - present >> Bachelor of Business Administration /
>> Work directly for the owner. Currently manage 475,000+sf of retail space. Responsibilities Accounting, Magna Cum Laude,
include negotiating new leases and lease renewals. Working directly with supporting University of Washington
vendors. Management of construction and tenant improvement projects. Preparation of
monthly financial statements and consolidated cashflow projections. Also preparation of REGISTRATIONS
various Partnership, Corporate and Personal tax returns on a federal and state level.
>> Washington State Board of Accountancy,
Robert Half Inc - Consultant, 2001 Certified Public Accountant, 1984
>> Worked as a consultant in the Management Resources Group for one of the premier
financial staffing companies in the country. Provided senior level interim financial
services to a variety of clients. Assignments varied in length and industry. All
engagements were concluded with exemplary reviews by the clients.
The Supply Room - President / CFO / Owner, 1999 - 2001

>> Initially a Partner/CFO for a Janitorial/Office Supply company located in Seattle, WA.
Negotiated the first ever outside funding package for the company. Instituted cost control
measures, budgeting and cash flow projections. Eventually negotiated the company
repurchase of the other stockholders interests when they became a liability in the turn-
around effort. Dealt directly with the companys major and minor vendors regarding a
debt restructuring plan. Returned the companys business focus to its traditional market.
Decreased per order transaction costs and increased company gross profit. Increase
inventory turns and profitability. Sold interest in the company in March 2001.
Langly Associates - Controller, 1985 - 1999

>> Served as the sole financial officer for a locally owned real estate development and
property management company. Reported directly to the President and Chairman. Worked
as the liaison with the companys development bankers and financial partners. Supervised
the disbursements on $5 - $15 million in yearly development expenditures. Managed a
portfolio of up to 350,000sf of class A office space. Negotiated new leases; supervised
construction of building and tenant improvements. Prepared individual, partnership and
corporate tax returns. Managed companys HR services and other insurance plans.
Wallace & Wheeler - Controller, 1984 - 1985

>> Served as the first financial Controller for a Bellevue real estate brokerage firm.
Prepared budgets and cashflow projections for a fourteen branch office operation.
Initiated branch level financial reporting. Supervised a staff of six. Prepared company
and personal financial statements and tax returns.
KPMG Peat Marwick - Senior Auditor, 1982 - 1984

>> Responsible for direct supervision of audit field work for one of the then Big 8 CPA Firms.
Dealt directly with clients on a daily basis. Performed tests and review of clients financial
statements. Assisted in the preparation of the Auditors Opinion and management letters.
Prepared personnel evaluations and reports for subordinates under my direct control.
SYMPHONY TOWER, LLC

R E S U ME S
KA LVIN DAVIS
MIXED-USE GROUP
EDUCATION AFFILIATIONS
>> Master of Community and Regional Planning, Physical Planning and Urban Design, >> NAIOP Developing Leaders, 2017 - present
University of New Mexico, Albuquerque, NM, 2016 >> Duke City BMX Racing Track, 501c-3
>> Bachelor of Business Administration, Minor in Economics, University of New Mexico, non-profit, Committee Member and Social
Albuquerque, NM, 2013 Media Administrator, 2011 - present
>> APAUNM, Student APA Member,
2014 - 2016
EMPLOYMENT
>> Geltmore, LLC - Mixed-Use Group, August 2016 - present AWARDS
>> Bureau of Business and Economic Research (BBER), University of New Mexico,
>> American Planning Association
Technical Specialist, July 2015 - May 2016
and American Institute of Certified
>> Hart Properties, Property Manager, July 2009 - May 2016 Planners, National Project Award - Best
Contribution to Contemporary Issues in
ACCOMPLISHMENTS Planning, 2017
>> 4th Place at the UCI BMX World
>> Completed property assemblage for future mixed-use redevelopment in ART corridor, 2017 Championships in the Netherlands, 17 - 24
>> Lead Student Researcher Men Category, 2014
-- BBER Study on Zoning Impacts Commissioned by City of Albuquerque >> 3rd Place at the UCI BMX World
Championship in New Zealand, 17 -24 Men
>> Successfully managed family owned apartment rentals in University of New Mexico
Category, 2013
area for 7 years
>> Directed site improvement project for local 501-c3 non-profit,
Duke City BMX Racing Track, 2014
-- Generated over $80,000 in donations to fund the project
-- Featured in paper: www.abqjournal.com/401049/sports/davis-built.html

RESUMES
STEVEN B. CH AVEZ
PRESIDENT / CEO
EDUCATION EXPERTISE
>> Bachelor of Science, Electrical Engineering, New Mexico State University, 1993 >> Visionary & Strategic Leadership
>> AAS Electronics Engineering Technology Engineering, University of New Mexico / >> Intercompany Employee Development
Albuquerque Technical Vocational Institute, 1991 >> Fiscal Management and Optimization
>> Mergers & Acquisitions
PROFESSIONAL EXPERIENCE >> Organizational Development
>> Emerging Entrepreneur Mentorship
>> Integrated Control Systems, Inc., President, CEO and Owner, 1996 - present
>> Capitalization Strategies
>> Mechanical Control Solutions, Inc., President, CEO and Owner, 2004 - present
>> Due Diligence & Negotiations
>> SC3 International, Inc., CEO and Owner, 2012 - present
>> Risk Management
>> Mobile Pathways, Inc., President and Owner, 2013 - present >> Inventory Control
>> WisePies Pizza and Salad, LLC, CEO and Owner, 2016 - present >> Market Analysis & Execution
>> Rancho De Chavez, Inc., President and Owner, 2011 - present >> Multi-Branch Growth Management
>> 10X International, LLC, CEO, 2014 - present >> Business Development
>> eKore, LLC, CEO, 2001 - present >> Quality Controls
>> Executive Advisory & Support
Through a strategic vision, clearly defined mission and established core values, leading >> Investor & Lender Relations
the corporation over 20 years to year over year success. >> Sales Performance
-- Solely-owned automated building controls company achieving energy management >> Politically Connected
and conservation through customized building control and automation systems >> Community Leadership & Charitable
designed to support efficient and affordable environments Program Development
-- Achieves effective daily administration of five branch company spanning NM, CO,
AZ, PA, CA, and WY
-- Develops and executes departmental financial strategies to ensure profitability
and reduce fiscal waste through budget development & management, expense
forecasting and performance proforma/postforma evaluation
-- Directs strategic programs to support business development, sales team and
marketing programs resulting in increased visibility, communication and customer
leads
-- Oversees project timeline and completion through on-site visitation, direct client
interaction and budget oversight resulting in on-time completions and exceedingly
high client satisfaction levels
-- Personally vested in each and every employees future to include one-on-one
coaching, training program development and action plan input/approval
-- Specializes in Data Center building automation controls to include design,
integration, project management, consulting, commissioning, and complete system
installation
SYMPHONY TOWER, LLC

R E S U ME S
J. KYL E BOD HA INE

PRESIDENT / COO
Mr. Bodhaine has over 34 years of diversified experience in construction, architecture, AFFILIATIONS
and project management. As a graduate of architecture from the University of Texas in
>> Rio Rancho Economic Development
Austin. Kyle has received NCARB certification and is a licensed architect in California
Board, 2008 - 2014
and Nevada. In addition, he completed a Facility Management Program from UCI, Irvine,
California. >> Boys & Girls Club Board of Directors
>> First American Advisory Board Leadership
Upon graduation, he worked for architectural firms in Texas and California and with the New Mexico Graduate, 2005
Marriott Corp. all of which specialized in the commercial hospitality industry.
>> NAIOP Board of Director, 2005 - 2007
In 1990, he joined Fluor Corp., an international engineering and construction company.
As a project manager, his responsibilities included project engineering and construction
supervision of projects in the Far East, Middle East, and Europe.
In 1997, he joined Reid & Associates, Inc. as the Senior Project Manager and Vice
President of all construction management services. By 2001, Kyle was named President of
Reid & Associates, responsible for the marketing, sales and project development as well
as the day to day operations. Became Owner/Partner in 2006.
In 2013, he partnered with Steve Chavez to create SC3 International to focus on the overall
strategic, tactical and short-term operations management for more than 15 companies all
under the umbrella of SC3 International. In addition, he is President of SC3 Development
overseeing real estate and development focusing on future acquisitions and marketing of
industrial, commercial and retail sites and projects. Including design and construction.
EXPERIENCE
>> US Forrest Service I & II, Albuquerque, NM
-- 190,000sf office complex
>> EMCORE Phase I, II & ATR Projects, Albuquerque, NM
-- 144,300sf cleanroom facility
>> 800-bed Teaching Hospital and 500-unit Nurses Housing, KAAU Campus, Jeddah, Saudi
Arabia
-- Civil Infrastructure
>> Copeland Compressor Facility, Bangkok, Thailand
-- 150,000sf manufacturing plant
>> Main Stadium and Pool, 13th Asian Games
-- Consortium of Technical Advisors Olympic Committee
>> Weapons Complex Reconfiguration (WCRP)
-- Nuclear Fab and Plutonium Processing Facilities, US Department of Energy

RESUMES
DAVID B. STO RM
OPERATIONS - HOTEL
Over the past 30 years, David has served in an executive leadership position, with CAREER FEATURES
nation-wide ownership and operating entities, focusing on the hospitality industry.
>> Providence Hospitality Partners, Founder
During this period, Mr. Storm has participated in the development, transition and and CEO
operation of over 75 hotels, ranging from a 42-unit boutique hotel in San Francisco,
>> Over 30 years of diverse and innovative
to an 1100-unit themed resort in the Carolinas. Clients and/or partners include, hospitality experience
Bank of American, Malayan United Industries, CW Capital, Berkadia Commercial >> Contributing author to major hospitality
Mortgage, Lehman Brothers Holdings and more. publications, including Cornell Quarterly,
Hotel Business, hotel Management,
Business Travel News and Lodging
CAREER PROFILE Magazine
Providence Hospitality Partners, Founder & President, 2001 to Current >> National marketing director for The
www.ProvidenceHospitality.com Residence Inn system
>> Start up hospitality enterprise focusing on the three tiered business model including: >> Involved in the critical path development
-- Ownership and/or joint venture opportunities in hospitality related entities and opening of 40 newly constructed hotels
-- Long-term operating agreements >> Operating entities are approved by
-- Institutional operating opportunities: Receivership and REO assignments virtually every major franchise affiliation,
>> Responsibilities include providing direction to all operation support disciplines including Microsoft, Starwood, Hilton,
including sales and marketing, human resources, finance and accounting, food and Intercontinental Hotels Group, Radisson
beverage, operations and information technologies. Additional responsibilities include International, Omni Hotels, Choice Brands
the development of Providence Hospitality Partners operating initiatives, infrastructure Relais & Chateau and more
development, investment initiatives and corporate communication with owners and
>> Currently serving on the executive board
investment partners. The award-winning portfolio operated by PHP has included being
of Coaches of Excellence
a five-time recipient of the prestigious Forbes Five Star Award and multiple brand
www.coachesofexcellence.com
awards for service and performance.
>> Past chairman of the board for the
National Association of Street Schools
Signature Hospitality Resources, President, 1990 - 2001
www.streetschoolnetwork.org
>> As president and principal at Signature Hospitality Resources (SHR), directed the
development of all corporate infrastructure, SHR education institute curriculum, >> National speaker at Hospitality Conferences
corporate investment initiatives, corporate development strategies, franchise including, The Lodging & Investment
negotiations, public relations initiatives, and investor communications. Over a five Conference (multiple years), Hotel Business
year period, collaborated to identify, analyze, and acquire in excess of $200,000,000 in Roundtable (multiple events), Colorado Real
hospitality related assets. Estate Forum and more.
Raintree Inns of America, President, 1988 - 1990 EDUCATION

>> As president of this start up hospitality operating and affiliation licensing company,
>> Business and Economics,
directed all support discipline initiatives including operations, sales and marketing, food
University of Colorado, 1979 - 1983
and beverage, finance and accounting, information technologies, public relations and
human resources. >> Business, University of New Haven,
>> Named one of the fastest growing hospitality companies under 100 properties by 1978 - 1979
Business Travel News in 1988.
Brock Hotel Corporation, Director of Sales / Holiday Inn Division, Transition team member
& National Sales Director for Residence Inns Systems, 1983 - 1988
SYMPHONY TOWER, LLC

RESUMES
OUR TEAM
Tom Brink
VICE PRESIDENT
VP-in-Charge
AIA, LEED AP
TO M BRINK, A I A, LE E D AP
Tom is a Vice President with CallisonRTKL and is based in
the firms Dallas office. Toms work focuses on creating
VICE PRESIDENT / VP-IN-CHARGE
innovative, award-winning retail and residentially-driven
mixed-use projects. His extensive experience with retail
design and the spectrum of multi-family project types
from townhouses to high-rises and renovations give Tom
a thorough understanding of issues and trends across
both industries and project types.
Tom is a Vice President with CallisonRTKL and is based in the firms Dallas office. EDUCATION
Toms work focuses on creating
Education innovative,SELECTED award-winning retail and residentially- >> Master of Architecture,
driven mixed-use projects.University
Hisof Architecture
extensive
of Illinois EXPERIENCEwith retail design and
experience
Master
2929 Weslayan
University of Illinois
the spectrum of multi-family projects
University of Illinois types 40-story,
Bachelor of Science,
from254-unit
townhouses
tower, Houston, TX
to high-rises and
LEED Gold apartment
>> Bachelor of Science, Architecture,
renovations give Tom a thorough understanding
Architecture
The Monarchof issues and trends across both
9-story high-rise residential tower,
industries and project types.
Versailles, France Overseas
Program
Austin, TX
>> Overseas Program, Versailles, France,
The Mondrian Cityplace
20-story residential tower with four-story
retail and residential base; 218-units and
Licenses and 25,000- SF retail, Dallas, TX
Certifications
EXPERIENCE
3300 Main
Registered Architect:
REGISTRATIONS
388 apartment units in 20 stories and
Texas 5,000sf retail, Houston, TX
LEED Accredited
>> 2929 Weslayan, Houston, Professional
TX Las Olas Residential Tower
40-story apartment tower with 363 units
and 4,000sf retail, Ft. Lauderdale, FL >> Registered Architect, Texas
-- 40-story, 254-unit LEEDProfessional
Gold apartment tower
AffiliationsVictory Residential Mixed Use
294 apartment units on six levels, >> LEED Accredited Professional
>> The Monarch, Austin, TX American
Architects
Institute of stacked over 40,000sf cinemas, over four
levels of parking, over 28,000sf retail,
-- 9-story high-rise residential tower
International Council of
Dallas, TX
>> The Mondrian Cityplace, Dallas,

Shopping Centers Burj Vista
AFFILIATIONS
Texas SocietyTX
640 condominium units in 63 and
of Architects 23 story towers, with 3500sm retail,
-- 20-story residential tower

Urbanwith four-story retail
Land Institute Dubai, UAEand residential base
adjacent to Burj Khalifa, Downtown
>> American Institute of Architects, Member
Multifamily Silver Council
-- 218-units and 25,000sf retail
Member Beachfront Promenade
140,000-SM, 900 beachfront >> International Council of Shopping Centers
condominium units with 12000-SM retail
>> 3300 Main, Houston, TX adjacent to the Guggenheim Museum,

Abu Dhabi, UAE >> Texas Society of Architects, Member
-- 388 apartment units in 20 stories and 5,000sf retail >> Urban Land Institute, Multifamily Silver
>> Las Olas Residential Tower, Ft. Lauderdale, FL Council Member
46 | CallisonRTKL
-- 40-story apartment tower with 363 units and 4,000sf retail
>> Victory Residential Mixed-use, Dallas, TX
-- 294 apartment units on six levels, stacked over 40,000sf cinemas, over four levels of
parking, over 28,000sf retail
>> Burj Vista, Dubai, UAE
-- 640 condominium units in 63 and 23 story towers, with 3500sm retail, adjacent to Burj
Khalifa
>> Beachfront Promenade, Abu Dhabi, UAE
-- 140,000sm, 900 beachfront condominium units with 12,000sm retail adjacent to the
Guggenheim Museum
>> Cosmopolitan, San Juan, Puerto Rico
-- 18-story, 60-unit luxury condominium tower and 12-story second phase
>> The Domain Phase One, Austin, TX
-- 390 residential units above an 800,000sf retail lifestyle center
>> The Domain Phase Two, Austin, TX
-- 413 residential units above an 800,000sf retail lifestyle center
>> Legacy Housing, Plano, TX
-- Multiple phases of urban infill residential including the 400-unit Phase One, 260-unit
Phase Two, 235-unit Phase Three, and 300-unit Phase Four, 378-unit Phase Five, and
464-unit Phase Six in an RTKL-designed, 150-acre mixed-use town center

RESUMES
OUR TEAM
Jeffrey J. Gunning
SENIOR VICE PRESIDENT
ARCHITECT, AIBC, OAA, AAA, AIA, NCARB, LEED AP
Jeff leads CRTKLs commercial practice for North

America, covering retail, hospitality, residential and
commercial office. His work has helped solidify the firms
JEF F REY GU NNING ,

position as the worlds leading retail design practice for
both shopping center and store design. His work has
shaped the firms holistic approach to large, mixed-use
AIBC, OAA, AIA, NCARB, LE E D AP
developments that bring retail, entertainment, sport,
residential, office, hotel and other uses into synergistic,
experiential places that resonate with communities and
stand the test of time.
Education SELECTED
EXPERIENCE
EDUCATION
University of Oklahoma
Jeff leads CRTKLs commercial practice for North America, covering retail,
Bachelor of Architecture
U.S. EXPERIENCE
hospitality, residential and commercial office. His work has helped solidify the
Bachelor of Science in
Environmental Design
Lone Star Brewery District
adaptive re-use of historic brewery
to mixed use / retail / entertainment >> Bachelor of Architecture,
firms position as the worlds leading retail design practice for both shopping center
destination, San Antonio, TX
Licenses
Registered Architect:
Frisco Station
mixed-use masterplan, Frisco, TX
and store design. His work has shaped the firms holistic approach to large, mixed-
TX, VA, GA, FL, NY, OH, DC,
AZ, KS, MN, UT The Hub at Frisco Station
restaurant / entertainment destination, >> Bachelor of Science in Environmental
use developments that bring retail, entertainment, sport, residential, office, hotel
Alberta Association of Frisco, TX
Architects:
Canada
Victory Masterplan
master plan update of sports / mixed use
Design, University of Oklahoma
and other uses into synergistic, experiential places that resonate with communities
Architectural Institute of
British Columbia
development, Dallas, TX
Victory Block D
retail / entertainment / parking building,
and stand the test of time.Registered Interior

Designer
Dallas, TX
Victory Block G REGISTRATIONS

LEED AP retail / parking / cinema / residential
mixed use building, Dallas, TX
>> Registered Architect, TX, VA, GA, FL, NY,

NCARB
Monmouth Town Center
re-development of existing mall into
Professional Affiliations mixed use town center, Eatontown, NJ
EXPERIENCE American Institute of

Architects Mediterranean Village
mixed use development, Coral Gables, FL
OH, DC, AZ, KS, MN, UT
Urban Land Institute
Ballston Quarter
>> Alberta Association of Architects, Canada
>> LoneStar Brewery District, San Antonio, TX
Texas Society of Architects
re-development of existing mall into
mixed use, Arlington, VA
-- Adaptive re-use of historic brewery to mixed-use / retail / entertainment destination

International Council of
Shopping Centers
Fashion Outlets of Dallas
outlet mall masterplan, Dallas, TX
>> Architectural Institute of British Columbia
Liberty Town Square
>> Registered Interior Designer
>> Frisco Station, Frisco, TX mixed-use master plan, Cincinnati, OH
1 | CallisonRTKL
-- Mixed-use masterplan >> LEED Accredited Professional
>> The Hub at Frisco Station, Frisco, TX >> NCARB Certified
-- Restaurant / entertainment destination
>> Victory Masterplan, Dallas, TX AFFILIATIONS
-- Masterplan update of sports / mixed-use development >> American Institute of Architects, Member
>> Victory Block D, Dallas, TX >> Urban Land Institute, Member
-- Retail / entertainment / parking building
>> Texas Society of Architects, Member
>> Victory Block G, Dallas, TX >> International Council of Shopping Centers
-- Retail / parking / cinema / residential mixed-use building
>> Monmouth Town Center, Eatontown, NJ
-- Re-development of existing mall into mixed-use town center
>> Mediterranean Village, Coral Gables, FL
-- Mixed-use development
>> Ballstron Quarter, Arlington, VA
-- Re-development of existing mall into mixed-use
>> Fashion Outlets of Dallas, Dallas, TX
-- Outlet mall masterplan
>> Liberty Town Square, Cincinnati, OH
-- Mixed-use masterplan
>> Northfield Stapleton, Denver, CO
-- Re-development of existing lifestyle / mixed-use center
>> Tysons Corner Center, McLean, VA
-- 2015 masterplan Phase I implementation - Hyatt Regency Hotel and elevated plaza
-- 2014 regional mall interior renovation
-- 2007 multi-phase mall expansion / renovation mixed-use masterplan
SYMPHONY TOWER, LLC

R E S U ME S
OUR TEAM
Clay Markham
AIA, LEED AP BD + C
Clay Markham is a Senior Vice President with

CallisonRTKL and is based in the firm's Los Angeles
office. During his career he has developed a dynamic
design and management approach across architecture,
interior design and construction management. His
CL AY MARKH AM,
specific design expertise in the hospitality, gaming and
entertainment industries has taken him to client projects
in Europe, Latin America, South Africa, Asia and across
AIA, LE E D AP BD+ C
North America. He is able to apply these diverse market
experiences to a variety of project types whether it be a
single-use environment to a large scale master plan or
mixed-use project.
Education SELECTED
Clay is a Senior Vice President with CallisonRTKL
Architecture
EXPERIENCE
Tulane School of
and is based in the firms
W Hotel Beijing
EDUCATION
Master, Architecture
Los Angeles office. During his career he has developed a dynamic design and
Tulane School of
441,320-SF, 350-key luxury urban hotel,
Beijing, China
>> Master of Architecture,
Architecture
management approach across architecture, interior design, and construction

Bachelor of Architecture
Waldorf-Astoria Beijing
446,702-SF, 185-key International 5-Star
Luxury Hotel, Beijing, China Tulane School of Architecture
management. His specific design expertise in the hospitality, gaming and
Licenses and
Certifications
Grand Hyatt Shenyang
1,022,571-SF, five-star hotel, includes >> Bachelor of Architecture,
entertainment industries has taken him to client projects in Europe, Latin America,
Registered Architect: 350 rooms, Sky Lobby, retail, five
Nevada restaurants, 2,400-SM spa, and ballroom
and meeting facilities, Shenyang, China Tulane School of Architecture
South Africa, Asia, and across North America. He is able to apply these diverse
LEED AP Building Design +
Grand Hyatt Xi'an Mixed Use
Construction
350-key hotel and office twin towers,
Xi'an, China
market experiences to Affiliations

a variety of project types whether it be a single-use
Professional
American Institute of
Crowne Plaza Kunshan
mixed-use, including 560,00-SM REGISTRATIONS
environment to a large scale master plan or mixed-use project.
Architects residential, 230,000-SM retail, 68,000-
SM hotel, 40,000-SM office and 160,000-
>> Registered Architect, Nevada

SM basement retail/parking, Kunshan,
National Council of
China
Architectural Registration
Boards AC by Marriott and JW Marriott Eau
Claire Hotel
6.0-AC mixed-use development includes
>> LEED AP Building Design + Construction
residential, hotel, and commercial office,
EXPERIENCE Calgary, AB, Canada
Grand Hyatt Hefei
AFFILIATIONS
350-key hotel and conference facility,
>> W Hotel, Beijing, China Hefei, China
Hyatt Regency Wuxi
-- 441,320sf, 350-key luxury urban hotel 300-key mixed-use 340-M tall hotel and
office tower, Wuxi, China
>> American Institute of Architects
>> Waldorf-Astoria Beijing, China >> National Council of Architectural
-- 446,702sf, 185-key International 5-star luxury hotel Registration Boards
>> Grand Hyatt Shenyang, China
-- 1,022,571sf, 5-star hotel, includes 350 rooms, sky lobby, retail, five restaurants,
2,400sm spa, and ballroom and meeting facilities
>> Grand Hyatt Xian Mixed-use, Xian, China
-- 350-key hotel and office twin towers
>> CrownePlaza Kunshan, China
-- Mixed-use, including 560,000sm residential, 230,000sm retail, 68,000sf hotel, 40,000sf
office, and 160,000sm basement retail / parking
>> AC by Marriott and JW Marriott Eua Claire Hotel, Calgary, AB, Canada
-- 6.0-AC mixed-use development includes residential, hotel, and commercial office
>> Grand Hyatt Hefei, China
-- 350-key hotel and conference facility
>> Hyatt Regency Wuxi, China
-- 300-key mixed-use 340m tall hotel and office tower
>> Renaissance ClubSport, Calgary, AB, Canada
>> CrownePlaza Wuhan, China
-- Winning competition, a sustainable community featuring hotel and office towers
>> Hyatt Regency Putuo Shanghai, China
-- 49,900sm, 335-key hotel, includes ballroom, conference rooms, food and beverage
locations, public areas, spa and support facilities
>> Westin Dalian, China
-- 300-key hotel and residences
>> W Phoenix Hotel and Condominiums, Phoenix, AZ
-- 225-key hotel with 100 condos

CH RISTOPH ER G UN NING, AIA, LE E D AP
PRINCIPAL / ARCHITECT
SYMPHONY TOWER, LLC

R E S U ME S
MIMI BURNS, ASLA, LE E D AP, W E LL AP

PRINCIPAL / LANDSCAPE ARCHITECT
Mimi has a passion for creating memorable places for people that connect them EDUCATION
to local history, culture, the natural environment and their neighbors. Over the >> Master of Landscape Architecture,
past 25 years, Mimi has advocated for sustainable planning and design solutions Cornell University, Ithaca, NY
that provide long-term benefits for clients and communities. With her expertise >> Bachelor of Science, Environmental
in sustainable sites and low impact development, her extensive portfolio of Studies, State University of New York,
completed plans and built projects, and her knowledge of the wide variety of College of Environmental Science and
natural and urban environments found in the West, Mimi has developed a thorough Forestry, Syracuse, NY
understanding of the technical, aesthetic, economic, social, environmental and
procedural issues that accompany implementation of planning and design projects REGISTRATIONS
in the region.
>> Registered Landscape Architect,
New Mexico, AZ, CO, ID, NV, TX, UT
EXPERIENCE >> LEED Accredited Professional
>> WELL Accredited Professional
>> ABQ Uptown Mixed-Use Development, Albuquerque, NM
>> Healthcare Garden Design Certificate,
>> Hotel Albuquerque, Albuquerque, NM Regenstein School, Chicago Botanic
>> Imperial Building, Albuquerque, NM Garden
>> Mercury Payment Systems Corporate Headquarters, Durango, CO
>> Paramount Mixed-Use Development, Las Vegas, NV AFFILIATIONS
>> Riverside Plaza, Albuquerque, NM
>> American Society of Landscape
>> Target & Uptown, Albuquerque, NM Architects, Member
>> Uptown Park Redevelopment, Albuquerque, NM >> Council of Landscape Architectural
>> Downtown @ 700 2nd Street, Albuquerque, NM Registration Boards, Member
>> Huning Castle Apartments, Albuquerque, NM >> Leadership New Mexico, 2016 Core
>> Sawmill Lofts, Albuquerque, NM Program Graduate
>> Silver Moon Lodge, Albuquerque, NM >> National Recreation and Park Association,
Member
>> The Gym Lofts at Historic Albuquerque High School, Albuquerque, NM
>> Quivira Coalition, Member
>> The Lofts at Historic Albuquerque High School, Albuquerque, NM
>> Urban Land Institute, Member
>> The Place at Nob Hill, Albuquerque, NM
>> University of New Mexico, Casas del Rio Student Housing, Albuquerque, NM
>> Uptown Apartments, Albuquerque, NM
>> Villa de San Felipe Apartments, Albuquerque, NM
>> Westlake, Amarillo, TX

RESUMES
EMILY AL L EN, LEED AP ID+ C

PRINCIPAL / INTERIOR DESIGNER
Emily brings over ten years of creative and innovative interior design practice to EDUCATION
her work. Her broad range of experience in education, healthcare, commercial, >> Executive Master of Business
and retail projects provides her the opportunity to approach each project with Administration, Anderson School of
a comprehensive perspective that results in distinctive, thoughtfully designed Management, University of New Mexico
spaces. She specializes in finish selection, technical detailing and specification, >> Bachelor of Arts, Interior Design, Art
custom casework design and project oversight. She is able to tailor design Institute of Colorado
solutions to fit every project type and budget. As a licensed interior designer at
Dekker/Perich/Sabatini, Emily is a key member of the design team who truly values REGISTRATIONS
a team focused approach to creative design solutions.
>> Licensed Interior Designer, New Mexico
>> LEED Accredited Professional
EXPERIENCE
>> Accion Regional Headquarters, Albuquerque, NM AFFILIATIONS
>> Blue Cross Blue Shield Headquarters, Albuquerque, NM >> Keshet Dance Company, Past President of
>> Dave Thomas and Associates, Albuquerque, NM the Board of Directors
>> DaVita Healthcare Partners Administrative Office Building, Albuquerque, NM
>> The GAP Offices, Albuquerque, NM
>> Hunt Development, Albuquerque, NM
>> Jefferson Green & Journal Center TI, Albuquerque, NM
>> Mercury Payment Systems, Durango and Denver, CO
>> Moss Adams Tenant Improvement, Albuquerque, NM
>> Multinational Financial Services Company Arizona Redevelopment,
Buildings A, B, C, D, Phoenix, AZ
>> The Thornburg Campus, Santa Fe, NM
>> Two Park Square Public Spaces Renovation, Albuquerque, NM
>> Indigenous Stores, Phoenix International Airport, Phoenix, AZ
>> Indulgences, Phoenix International Airport, Phoenix, AZ
>> Saguaro Joes, Phoenix International Airport, Phoenix, AZ
>> Connections, Phoenix International Airport, Phoenix, AZ
>> Greeting From Arizona, Phoenix International Airport, Phoenix, AZ
>> Mosaic, Phoenix International Airport, Phoenix, AZ
>> Mosaic, Denver International Airport, Denver, CO
SYMPHONY TOWER, LLC

R E S U ME S
CHU CK HA NSON , P E , LE E D AP
PRINCIPAL / STRUCTURAL ENGINEER
Chuck has been practicing structural engineering in the western U.S. since 1981.
As Principal-in-Charge of the firms structural engineering group, he is well versed
in the unique and challenging engineering aspects of many types of structures.
Chuck has input into project design from the early schematic design phases
through the competition of construction documents as well as value-engineering
and construction-phase efforts. He has extensive experience with seismic
evaluation and design.

FIRM CAPABILITY
Cal l i sonR T K L E X P E R I E N C E
50+ Years of Experience

1700+ As one of the worlds top architecture and
EMPLOYEES interior design firms, CallisonRTKL brings
more than five decades of experience in
22 OFFICES designing retail, residential, hospitality and
workplace environments. Our designs create
meaningful experiences where commerce
and culture intersect, crafted with insightful
design and an informed translation of your
brand.
We build more than buildingswe create

brands and places that people seek out
and remember, that define and sustain the
communities and businesses we serve and
that respect the earth. Today and tomorrow,
wherever we work, with whomever we
partner, we bring passion, curiosity and
integritythings weve always stood for.
14 | CallisonRTKL and Today's Retail

C a l l i s o n RTKL EXPERIENCE
RELEVANT EXPERIENCE
10 | CallisonRTKL
SYMPHONY TOWER, LLC

C a l l i so n RT K L E X P E R I E N C E
717 Olympic
Los Angeles, California, United States
Luxury Living at L.A. LIVE CLIENT

The Hanover Company
Challenged by the projects compact site, CallisonRTKL developed SERVICES
an exterior scheme that sensitively addresses mass, rhythm and Site Planning
organizational structure, with deep setbacks and shadow lines that
Conceptual Design
articulate a sense of layering and texture and create architectural
Architecture
balance with the cityscape.
This 26-story, mixed-use, luxury residential building fills the niche

for upscale housing in the city center and includes 700-SM of
ground floor retail and commercial space. Each residential level
features nine units with varying floor plans, including two-story
penthouses. Each level also boasts raised, private balconies that
provide views of the entertainment district and surrounding
downtown area. Carved out areas on the 8th and 26th floors
provide space for tenant amenities including a fitness area,
gourmet kitchen, outdoor grilling area and theater.
CallisonRTKL | 11

RELEVANT EXPERIENCE
12 | CallisonRTKL
SYMPHONY TOWER, LLC

2929 Weslayan
Houston, Texas
Achieving LEED Gold Certification GOALS

Create a high-
CLIENT
PM Realty
end building that Group
The grace and allure of the River Oaks neighborhood and an is economically
exclusive clientele influenced the form of this 40-story, 254-unit feasible SERVICES
residential tower: flowing, sophisticated lines created by sculpted Create a sustainable Architecture
balconies complement an efficient core, structure and interior building that
layout. encourages building
residents to live a
The team took a hospitality design approach to public spaces, sustainable lifestyle
employing a rich stone and wood palette and a feature 20-foot wall List Item Three
fountain in the lobby in addition to a resort-inspired pool, fitness
RESULTS
center and lounge on an eighth-floor landscaped terrace. Signature
38% reduction in
retail and dining round out amenity offerings. Designed as a indoor water use
sustainable option within Houstons luxury housing market, tactics
100% of water
like rain water harvesting, performance-based energy modeling needed for irrigation
and a green housekeeping program positioned 2929 Weslayan to is collected from
achieve LEED Gold certification. rainwater
Uses 26% less
energy than the
baseline
CallisonRTKL | 13

RELEVANT EXPERIENCE
18 | CallisonRTKL
SYMPHONY TOWER, LLC

Ballston Quarter
Arlington, Virginia
Urban Revitalization CLIENT

Forest City
Master planned and designed by CRTKL, Ballston SERVICES
Quarter is a showcase of mixed-use redevelopment Architecture
that has sparked revitalization in its urban setting. The
Master Planning
master plan solved a complex problem involving phased
Structural Engineering
redevelopment of a triangular, 13-acre site adjacent to the
Ballston Metro Station. MEP Engineering
The site included an existing Macys department store,

a 3,000-car parking garage, and portions of a five-level
department store, all of which remained in continuous
operation through construction.
The project encompasses a 600,000 SF retail mall with

three anchor department stores; three office towers
providing 650,000 square feet of office space; and
enclosed parking. A cinema and several restaurants
significantly increases evening activity in the area. The
12-screen 250-seat theater is the first stadium seating
multiplex built inside the beltway.
CallisonRTKL | 19

C a l l i s o nRELEVANT EXPERIENCE
RTKL EXPERIENCE
22 | CallisonRTKL
SYMPHONY TOWER, LLC
Burj Vista Towers

Dubai, United Arab Emirates
Enhancing the Urban Fabric CLIENT

BH.NS Engineering
Consultants
Taking full economic and architectural advantage of a premier
location across from the worlds tallest tower, the Burj Vista SERVICES
Towers will enhance the urban fabric, provide an exclusive retail Architecture
hotspot and house the most expensive high-rise units per square
foot in Downtown Dubai. Originally designed by Adrian Smith/
Gordon Gill Architects, CallisonRTKL was engaged to redesign
the base and crown of the project, including the penthouse units,
iconic tower roofs, and a four-story retail and amenity podium
topped by an expansive amenity terrace featuring two pools, water
features, and a tennis court.
In the original design, the two towers faced the prominent Sheikh
Mohammed bin Rashid Boulevard, but could not be accessed
from the boulevard and had no sense of entry. CallisonRTKL
conceived of a glassy, three-story grand lobby between the towers
to form a strong street presence and dramatic sense of arrival.
The penthouse units were arranged to maximize views of the Burj
Khalifa and the Dubai Fountain, while providing easy access to
private roof terraces.
UNDER
CONSTRUCTION
CallisonRTKL | 23
C a l l iRELEVANT
s o n RTKL EXPERIENCE
EXPERIENCE
38 | Ideas Change Everything
SYMPHONY TOWER, LLC

Eau Claire Mixed-Use

Calgary, Alberta, Canada
This six-acre mixed-use project includes 1,100

residential units, a 350-key hotel, creative office
space, retail uses (including a local grocery store),
outdoor dining and event space.
Pedestrian walkways, tree-lined sidewalks, upper-

level terraces and public areas form the structural
network, which takes advantage of city center
views as well as riverfront and mountain vistas.
Immediate access to hiking and biking trails, bus and
light rail transit is complemented by amenities like
bike storage and repair, transit kiosks and related
conveniences including cafes, newspaper stands,
ATMs and restrooms.
CLIENT
bcIMC
SERVICES
Architecture
CallisonRTKL | 39

RELEVANT EXPERIENCE
SYMPHONY TOWER, LLC

Oceanwide Plaza
Los Angeles, California
Reshaping the Skyline in Downtown CLIENT

Oceanwide Real Estate Group
Los Angeles SERVICES
Architecture
Oceanwide Plaza is the residential component of L.A. Live, a
mixed-use development covering six city blocks of apartments,
bars and restaurants, retail space, and the Staples Center.
As a way to overcome the challenges of a competitive local

residential market, CRTKL created a design scheme for
Oceanwide Plaza that establishes a balanced relationship
between the developments three high-rise towers. Two of these
towers are 40-stories high, and the third is 49-stories high. These
towers will sit on a podium that will feature 200,000 SF retail
podium, a large lawn, childrens playground, barbecues, a pool
and running track. This luxury development will also house a
183-key five-star hotel, event spaces, celebrity chef restaurant
and members-only nightclub. The residential towers will consist
of 504 luxury condos.
Another defining feature of this development will be the LED

ribbon display that wraps around the building. It will showcase
advertising as well as noncommercial graphics.
CallisonRTKL | 47

RELEVANT EXPERIENCE
SYMPHONY TOWER, LLC

CallisonRTKL | 49

RELEVANT EXPERIENCE
16 | Mixed-Use Experience
SYMPHONY TOWER, LLC

Tysons Corner Center

McClean, Virginia
22 Million Shoppers per Year CLIENT

Macerich - Virginia
Built in 1968, Tysons Corner Center is widely recognized SERVICES

as one of the most economically successful mall Master Planning
developments in the country, welcoming 22 million Architecture
Environmental Graphic
visitors per yeareven more than the Smithsonian in Design
nearby Washington D.C. Structural Engineering
MEP Engineering
CallisonRTKLs relationship with Tysons began in
the 1980s when the firm designed the malls first
expansion, doubling the size of the mall and added a
second level. The malls evolution continued in 2005
with an CallisonRTKL-designed renovation that included
525,000 SF of new construction and the adaptive reuse
of an existing 200,000-SF anchor department store. DESIGN AWARD
International Council of Shopping Centers
The project also added a 16-screen AMC Theater, a
restaurant court, a two-level bookstore, a 12-tenant food CERTIFICATE OF MERIT
court, and a seven-level parking deck. International Council of Shopping Centers
CallisonRTKL led the 2007 master planning and re- CRAFTMANSHIP AWARD
Washington, D.C. Building Congress
zoning efforts for a four-phase mixed-use expansion
of the mall property that will expand Tysons Corner EXCEPTIONAL DESIGN AWARD
Center from a 2.3 million-SF retail center to a six million- Fairfax County, Virginia
SF transit-oriented, urban mixed-used environment.
Phase One of this transformation is under construction AWARD FOR EXCELLENCE
Rehabilitation Catagory, Urban Land Institute
and includes an office tower, hotel and residential
tower surrounding a 50,000-SF elevated plaza with AWARD FOR EXCELLENCE
a connection to the regions metro rail system. Tysons Corner Pedestrian Bridge, National Capital
Chapter of the American Concrete Institute
CallisonRTKL is leading the design of the Hyatt Hotel,
the plaza, renovation of the existing mall interior and
serving as master architect.
CallisonRTKL | 17

D/P/S Headquarters, Jefferson Green @ Journal Center - Albuquerque NM
LEED-CS
D E K K E R / P E R I C H / S A B ATINI

D E K K E R /PERICH /SABATINI EXPERIENCE
LOBO RAIN FOREST @ INNOVATE ABQ

lobo ALBUQUERQUE, NM
RAINFOREST NORTHEAST CORNER [AERIAL]
DEVELOPMENT
Innovate ABQ is a collaborative public-private partnership

between the University of New Mexico, the City of Albuquerque
and a private development team. The project develops spaces
to accelerate the commercialization of intellectual capital to
generate successful startup companies. A six-story, mixed-use
building, Lobo Rainforest includes ground level fabrication labs,
offices, and common area support amenities for use by students Floors two through six provide 310 beds of student housing for
and public enterprises. Support spaces include a cafe, bike those acquiring skills related to the program. The 2 bedroom/2
storage room, fitness facility, housing offices, and an elevated bath student apartments are 604sf and include kitchen, living, and
second-level exterior deck overlooking the south facing courtyard. dining rooms spaces. All bedrooms are single occupancy.
lobo
RAINFOREST NORTHWEST CORNER [GROUND]
DEVELOPMENT
SYMPHONY TOWER, LLC

D E K K E R / P E R I C H / S A B AT I N I E X P E R I E N C E
SKY UTE RESORT + CASINO

IGNACIO, CO
D/P/S worked with Business Environments to provide furnishing

and artwork section and specification for the new Sky Ute Casino
in Ignacio, CO for the Southern Ute Indian Tribe. The new site
includes a 45,000sf casino hosting up to 700 slot machines, 10+
table games, 140 hotel rooms plux 6 luxury suites, a 100-seat
Bingo hall, a 24-lane bowling center, retail spaces, indoor pool,
day-care facilities, putt-putt golf, multiple restaurants and banquet
facilities, a large event center, and administrative offices. The
entire complex encompasses over 300,000sf of usable space.
D/P/S worked directly with the Sky Ute Casino Design Team
(CDT) to propose options for Furnishings Fixtures and Equipment
(FF&E) for all of the public area and hotel furnishings, including
all softgoods for the hotel and operating systems and equipment
(OSE) for dining venues, banquet services and the event center.
In addition to these services, D/P/S has selected artwork for
the entire facility and incorporated information into the luxury
suites about the tribal members for which they are named. It
was important to work directly with the CDT and with other tribal
members in order to ensure that their unique needs were met and
their culture was showcased. Many tribal members have provided
artwork and important historic information during the process.

D E K K E R /PERICH /SABATINI EXPERIENCE
UNM YALE PARKING GARAGE were added to the UNM campus. Cars enter from both Lomas
and Yale and a pay-station strategy inside the garage avoids
ALBUQUERQUE, NM traffic arms that slow vehicles down at entry and exit.
Incorporated into the design of the upper level of the garage

Built to help overcome a lack of parking on UNMs central and
is a steel canopy structure that not only provides shade, but
north campuses, the Yale Parking structure took land that was
that also supports an 180kW photovoltaic system consisting of
being used for surface parking and created a 780 stall, six-
820 modules that were purchased from a manufacturer in the
level state of the art garage that services both permitted and
Albuquerque area. This installation offsets the energy demand
hourly parking. Located on the busy corner of Lomas and Yale
load of the parking garage and the surrounding site. The saw
Boulevards, the design of the 288,000sf garage was done with
tooth design of the canopy allows for maximum solar orientation
ease of access in mind for vehicles, pedestrians and bicycles.
and the clear span of the canopy over the parking garage bays,
By condensing this campus parking to six levels, almost 5 acres
minimizing vehicle obstructions. This installation is a very visual
and obvious indication of the commitment UNM is making
towards sustainability within all of their projects.
The design of this structure was also done with the

accommodation of future development on the north side of the
site, allowing academic/commercial building liner. To the south
there are also provisions for potential academic functions to be
built to replace current low-density structures.
SYMPHONY TOWER, LLC

D E K K E R / P E R I C H / S A B AT I N I E X P E R I E N C E
ABQ UPTOWN PARKING GARAGE the view of surrounding retail outlets. Stairwell and elevator cores
rise out of the ground with stucco faade treatments to help align
ALBUQUERQUE, NM it more with the architectural detailing of the retail development,
and serve as a way-finding element for vertical circulation within
This 3 level, 132,000sf, 300 space parking structure provides the garage. Generous lighting and floor to floor heights allow for a
parking for retail customers at ABQ Uptown. ABQ Uptown is an more secure and comfortable environment.
exciting and unique mixed-use development, centered in the
For this project, weekly quality assurance team meetings with
heart of Uptown in Albuquerque, NM. The ultimate development
consultants and the General Contractor were held to uphold
plan includes a mix of uses places on a 17.7 acre site entitled for
quality during the design and documentation process. D/P/S
a potential full build-out condition of 1,023,000gsf. At full build out,
worked closely with the precast concrete subcontractor to
uses will offer a vertical mix within individual multistory buildings
coordinate and develop drawings that interfaced well together.
supported by a total of three vehicle parking structures.
For an additional quality review D/P/S procured an outside parking
In consideration of the budget and construction time constraints, garage consultant come in and review parking counts and garage
the garage was constructed of pre-cast concrete. The top level layouts to ensure that industry standards were met. Quality check
of the garage flushes out with the surrounding grade with two reviews were also implemented prior to drawings being released
ventilated sublevels below this approach was taken so that for construction to ensure a smooth construction process.
additional retail parking could be provided without visually blocking

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Symphony Tower - CABQ Skyline Competition - RFP 02-2017

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ALBUQUERQUE SKYLINE COMPETITION

Mr. Matthew Butkus

Re: Albuquerque Skyline Competition Submittal

Dear Mr. Butkus,

C. BEN EFI T TO TH E S U R R O U N D I N G C O MMU N I TY

SYMPHONY TOWER, LLC APPEND I X

View looking north from Convention Center

1. Contact Information 2. Project Summary

RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O 1

The following table shows a detailed building summary:

Gross Residential Hotel Hotel Office Retail Parking

Project Building Hotel Office Retail Man Years of

2 SYMPHONY TOWER, LLC

RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O 3

PARKING GARAGE + OFFICE LINER LEVELS

4 SYMPHONY TOWER, LLC

Typical Hotel Level

RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O 5

RESIDENTIAL CONDOMINIUM LEVELS

6 SYMPHONY TOWER, LLC

The continued and coordinated investments into Downtown

An urban neighborhood is a reflection of the community at

RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O 7

3. Catalytic Economic Redevelopment

Make no littleABQ plans;TROLLEY

ABQ Vision 2025 Celebrating Albuquerques Unique culture and history

RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O 9

10 SYMPHONY TOWER, LLC

RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O 11

Silver Street Market @ Imperial Building

IMPERIAL BUILDING 205 SILVER AVENUE SW, ALBUQUERQUE

UPTOWN PARK SWC LOUISIANA BLVD. + AMERICAS PARKWAY, ALBUQUERQUE

WEST BLUFF CENTER NEC COORS + I-40, ALBUQUERQUE

FIRST INTERSTATE PLAZA II 125 LINCOLN STREET, SANTA FE

12 SYMPHONY TOWER, LLC

PALACE AVE CONDOS 608 E PALACE AVE, SANTA FE

FIRST INTERSTATE PLAZA I 150 WASHINGTON STREET, SANTA FE

ADOBE INN & SUITES 2907 CERRILLOS ROAD, SANTA FE

SUNWEST CENTER 500 N MAIN STREET, ROSWELL

GAS COMPANY BUILDING 2444 LOUISIANA BLVD. NE, ALBUQUERQUE

US FOREST SERVICE I & II 333 BROADWAY SE, ALBUQUERQUE

HEWLETT PACKARD 2351 HP WAY, RIO RANCHO

SHAMROCK FOODS 2 SHAMROCK WAY NW, ALBUQUERQUE

HOTEL ARTESIA 203 N 2 ND STREET, ARTESIA

FIRST COMMUNITY BANK 7900 JEFFERSON NE, ALBUQUERQUE

RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O 13

ADDITIONAL DAVID STORM EXPERIENCE:

KEY PERSONNEL + EXPERIENCE

Urban Design, Dekker/Perich/Sabatini + Kyle Bodhaine, AIA + Steve

Negotiation, Land Leasing David Silverman

Engineering - HVAC Design

14 SYMPHONY TOWER, LLC

After the addition of the structured parking to be included in this project,

RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O 15

386 from grade to roof, plus radio tower

16 levels of condos, with a double

Aluminum curtain wall cladding

stone, masonry, or concrete panels at

6 levels of structured parking (10 - 6 floor to floor) with 3

ground level retail

lower level parking

1. Benefit to the Community

RFP 02-2017 | CITY OF AL B UQUE R QUE | S K Y L INE C O M PETI TI O N FO R TH E TA LLES T B U I LD I N G I N N EW M EX I C O 16