The Molasky Group Develops String of Properties from Seattle to Jacksonville

Left to right clockwise: Sky3 in Portland, The Harrison in Glendale, CA, and Arrivé in historic downtown Seattle.

Left to right clockwise: Sky3 in Portland, The Harrison in Glendale, CA, and Arrivé in historic downtown Seattle.

LAS VEGAS — The Molasky Group is developing a string of properties that will bring new rental units, retail spaces and hotel keys to multiple markets.

The company broke ground on four developments in the past twenty-four months in Portland, Seattle and Los Angeles and will soon embark on a redevelopment of a historic series of buildings in Jacksonville, Florida.

“Our company is actively in development on projects from the Pacific Northwest to the Gulf Coast,” says Rich Worthington, president and chief executive officer for The Molasky Group of Companies. “Some are design builds that came on line relatively quickly; others have been in the works for several years. Regardless of the circumstance, our company and partners are committed to more than $450M in construction.”

The Molasky Group has been in business for more than 65 years and is best known for building many of modern Las Vegas’s construction firsts – master-planned community, apartments, hospital, enclosed mall and office tower. These accomplishments set the stage for the Molasky Group to work on a national level, building large-scale projects for the federal government including six field offices for the FBI and projects for the IRS, Social Security Administration, National Archives and Records Administration and Veterans Affairs.

The company has gradually increased its presence in private sector work, especially multifamily, as a purposeful strategy to complement its prolific public-private-partnership portfolio.

In June, Sky 3 (http://www.sky3pdx.com/) became the company’s first project to come on-line with 194 units and 15,000 square feet of retail in downtown Portland, Oregon.  Sky 3 adds values to the urban core by offering efficient units and high-quality amenities in a sustainable environment. Ground floor retail includes local coffee roaster Coava and online retailer Amazon is opening a package delivery and drop-off concept specific to universities as Portland State University is within walking distance.

Several blocks away, the company, along with local partner Langley Investment Properties, is putting the finishing touches on North Hollow.  The 121-unit 6-story multi-family complex complements Portland’s charming Goose Hollow neighborhood.

The Harrison (http://www.harrisonglendale.com/) will come on line in by the end of 2017 bringing 164 units to the Los Angeles submarket of Glendale.  Sustainable design with a 15,000 square foot CVS Pharmacy on the ground floor that includes a drive-thru prescription drop-off and pick-up lane. Sustainably designed with a look and style to meet the sophisticated demands of the LA market, The Harrison offers a mix of studio, 1 and 2 bedroom units with high-grade resort inspired amenities.

Currently under construction in the Belltown district of Seattle by joint venture development partners The Molasky Group + Binjiang Tower Corp. is Arrivé (http://arriveseattle.com/). When it opens in 2019, the 41-story building will be one of the first for-rent mixed-use properties in downtown Seattle with ground level retail, an upscale hotel, well-amenitized apartments and secure below grade parking.  It is adjacent to the landmark Seattle Cinerama on 4th Avenue and only two blocks from Amazon’s three million square foot headquarters. Formerly known as Potala Tower, the property was revitalized by a substantial new investment by the joint venture development partners, as well as a recommitment of EB5 investor capital. The general contractor is Denver, CO-based PCL, the sixth largest contractor in the United States. The architect is Weber Thompson, Seattle’s most notable architectural firm. The Los Angeles office of Hirsch Bedner Associates (HBA), the world leader in interior design, is creating the signature decor at Arrivé.

The Molasky Group and SouthEast Development Group will soon restore downtown Jacksonville’s historic Barnett Building and the Laura Street Trio structures. Architect Edward H. Glidden designed the oldest of the three buildings in the Classical Revival (https://en.wikipedia.org/wiki/Classical_Revival) style. The Bisbee Building was constructed between 1908 and 1909, and it was designed by prominent Jacksonville architect Henry J. Klutho (https://en.wikipedia.org/wiki/Henry_J._Klutho) in a Chicago School (https://en.wikipedia.org/wiki/Chicago_School_(architecture)) – influenced Prairie Style (https://en.wikipedia.org/wiki/Prairie_Style). The third structure, The Florida Life Building, was also designed by Klutho, between 1911 and 1912.

The deal moved forward when the Jacksonville City Council approved $9.8M in economic incentives. Molasky and SouthEast plan a total of $78 million work of work to build apartments, restaurants, a bank, hotel and bodega market. The developers would also build an adjacent parking garage. The Trio structures, comprising the Florida Life Building, the Bisbee Building, and the old Marble Bank Building, include about 72,000 square feet of general office space and 10,000 square feet of commercial and retail space. Plans include a Courtyard by Marriott hotel, bodega market, café, restaurant, rooftop bar and retail office space. The Barnett Bank building will be converted into 50,000 square feet of office space and 100+ apartments. A 550-space, $11 million parking garage also is part of the project and will be built by the developers on property the city owns at Adams and Laura streets.

About the Molasky Group
The Molasky Group of Companies is one of the most prolific real estate development and property management companies in the United States. For more than 65 years, the company has created an impressive and highly marketable portfolio of office, commercial, multi-family, retail, healthcare, aviation, law-enforcement and correctional properties. The Molasky Group has significant experience with Public-Private Partnerships on large-scale build-to-suit projects for federal, state and local agencies. And, it is a market leader in sustainable construction building seven LEED Gold, three LEED Silver and two LEED Certified large scale properties across the United States. The Molasky Group is based in Southern Nevada and has offices in Atlanta, Georgia and Portland, Oregon. For more information visit http://molaskyco.com/

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Molasky Group Develops Properties from Seattle to Jacksonville

 

LAS VEGAS — The Molasky Group is developing a string of properties that will bring new rental units, retail spaces and hotel keys to multiple markets. 

The company broke ground on four developments in the past twenty-four months in Portland, Seattle and Los Angeles and will soon embark on a redevelopment of a historic series of buildings in Jacksonville, Florida.

“Our company is actively in development on projects from the Pacific Northwest to the Gulf Coast,” says Rich Worthington, president and chief executive officer of The Molasky Group of Companies. “Some are design-builds that came online relatively quickly; others have been in the works for several years. Regardless of the circumstance, our company and partners are committed to more than $450M in construction.”

The Molasky Group has been in business for more than 65 years and is best known for building many of modern Las Vegas’s construction firsts – master-planned community, apartments, hospital, enclosed mall and office tower. These accomplishments set the stage for the Molasky Group to work on a national level, building large-scale projects for the federal government including six field offices for the FBI and projects for the IRS, Social Security Administration, National Archives and Records Administration and Veterans Affairs.

The company has gradually increased its presence in private sector work, especially multifamily, as a purposeful strategy to complement its prolific public-private-partnership portfolio.

In June, Sky 3 (http://www.sky3pdx.com/) became the company’s first project to come on-line with 194 units and 15,000 square feet of retail in downtown Portland, Oregon. Sky 3 adds values to the urban core by offering efficient units and high-quality amenities in a sustainable environment. Ground floor retail includes local coffee roaster Coava and online retailer Amazon is opening a package delivery and drop-off concept specific to universities as Portland State University is within walking distance.

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Arrivé Starts to Take its Place Along Seattle Skyline

Arrivé is starting to take its place of prominence along the Seattle skyline.

“Arrivé is starting to take its place of prominence along the Seattle skyline” says Mike Doran, project executive for developers The Molasky Group of Companies + Binjiang Group. The downtown Seattle mixed-use property is nearly halfway through its anticipated build schedule, with the 15th floor being placed this week. “Despite the extraordinarily wet 2016/2017 winter, and labor disputes this past summer, the project has been able to track within a week of our anticipated schedule,” adds Doran.

Arrive is a 41-story mixed use tower currently under construction in downtown Seattle. Located in one of Seattle’s most vibrant neighborhoods, ARRIVÉ will be one of the first for-rent mixed-use properties in downtown Seattle with ground level retail, an upscale hotel, well-amenitized apartments, and secure below grade parking. It is adjacent to the landmark Seattle Cinerama on 4th Avenue and only two blocks from Amazon’s three million square foot headquarters. The development partners are Las Vegas-based The Molasky Group and China-based Binjiang Group. The general contractor is Denver, CO-based PCL, the sixth largest contractor in the United States. The architect is Weber Thompson, Seattle’s most notable architectural firm. The Santa Monica, CA office of Hirsch Bedner Associates (HBA), the world leader in interior design, is creating the signature decor at Arrivé. For more information and to be placed on the interest list visit www.arriveseattle.com

Binjiang Group is a real estate development company based in Hangzhou, China and listed on the Shenzhen Stock Exchange. Since its establishment in 1992, the company has grown into one of the leading real estate developers in the Yangtze River Delta, ranked among the Top 50 companies in China’s real estate sector.

The Molasky Group, started in 1951, is a privately owned real estate development company based in Las Vegas. It has extensive experience designing, building and financing commercial, office, residential, healthcare and federal real estate developments across the United States. The company, along with its affiliate Ovation Development, has developed more than 10,000 multi-family units.

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Jacksonville Council Approval Greenlights Major Redevelopment Project

Historic downtown Jacksonville buildings to be redeveloped.

The Jacksonville City Council approved $9.8 million in economic incentives to The Molasky Group and SouthEast Development Group to restore downtown’s Barnett Building and the Laura Street Trio structures and the adjacent Barnett Bank building on North Laura Street.
Molasky and SouthEast plan a total of $78 million work of work to build apartments, restaurants, a bank, hotel, and bodega market. The developers would also build an adjacent parking garage.
“We are excited to be part of the Jacksonville community and the effort to redevelop these historic buildings which have remained vacant for years despite efforts to get them occupied,” says Matt Connolly, Senior Vice President – Development for The Molasky Group of Companies and head of its Atlanta office.
Ordinance 2017-403 authorizes the incentives package and economic development agreement between the city, the Downtown Investment Authority and the development group.
It also authorizes a lease agreement between the city and BLT Parking LLC, and a parking sublease agreement between the city and the parking company for construction and use of a parking deck.
Developers would receive a $2 million grant after finishing the Barnett Building. The developers would receive another $6 million grant once the Laura Street Trio is complete. In addition to the grants, the city will rebate half of the property taxes generated by new construction at the Laura Street Trio worth up to $1.8 million over the next 20 years.
The Trio structures, comprising the Florida Life Building, the Bisbee Building, and the old Marble Bank Building, include about 72,000 square feet of general office space and 10,000 square feet of commercial and retail space.
Plans include a Courtyard by Marriott hotel, bodega market, café, restaurant, rooftop bar and retail office space.
The Barnett Bank building will be converted into 50,000 square feet of office space and 100 apartments.
A 550-space, $11 million parking garage also is part of the project and will be built by the developers on property the city owns at Adams and Laura streets.
“These seminal projects will complete the city’s vision for a completely redeveloped and vibrant downtown, adding much-needed quality housing to the downtown core and additional and convenient parking that will help increase visitation to the downtown by locals and visitors alike,” adds Connolly.
The DIA would make lease payments of up to $660,000 per year for 20 years for the use of the garage, with the developer leasing spaces back from the DIA, producing estimated revenue of $300,000 annually.
The group now has 60 months to complete the projects.

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The Molasky Group of Companies started in 1951 and is a privately owned real estate development company based in Las Vegas with offices in Atlanta, Georgia and Portland, Oregon. It has extensive experience designing, building and financing commercial, office, residential, healthcare and federal real estate developments across the United States. The company, along with its affiliate Ovation Development, has developed more than 10,000 multi-family units.

SouthEast Development Group, LLC is a commercial real estate firm based in Jacksonville, Florida providing a full complement of development services, design-build programming and asset management across multiple market sectors, with a portfolio of work from the Carolinas to South Florida.

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Sky 3 Grand Opening

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SKY 3 Introduces Social Living to Downtown Portland; Celebrates Grand Opening June 6

Opening June 6, SKY 3 is a new apartment building in downtown Portland.

PORTLAND, OR – For a new apartment building, Sky 3 has quite the social life.
Sky 3 is a brand new 15-story mixed-use development located at 1221 SW 11th Avenue offering 196 apartment units, innovative amenities for active lifestyles, shared social spaces, and 14,500 square feet of ground floor retail space.
It will celebrate its grand opening with a private reception at the community on June 6, 2017 that will include the project team, city officials and local business leaders. An open house for the public with light refreshments and tours of the community will follow the reception from 4:00pm to 6:00pm.
“We are delighted to celebrate the grand opening of Sky 3 and hope that it has a positive impact on downtown Portland’s housing market,” says Rich Worthington, President and COO of the Molasky Group which developed Sky 3. “The building is an asset to downtown Portland and it will offer its residents modern apartment living with innovative common areas and amenities that reflect today’s social lifestyle, on-site retailers and great access to all that Portland has to offer.” Local roaster, Coava Coffee, will be the first retailer to open on Sky 3’s ground floor retail space and additional retail space will accommodate a full-service restaurant/bar.
The community is professionally managed by Greystar and includes studios, one- and two-bedroom floor plans and penthouse units ranging in size from 518 to 1,416 square feet. Interior finishes include stainless steel appliances, two-tone white/dark brown contemporary kitchen cabinetry, quartz countertops, tile backsplashes, plank wood-style flooring. Residences feature dramatic nine-foot ceilings, spacious walk-in closets, washers and dryers as well as large private balconies and patios in select units.
What truly sets this community apart are its amenities and social spaces including a demonstration kitchen, wine cellar available for private tastings, free Wi-Fi in common areas, a fitness center, game room, library, business center, meeting rooms and concierge service. The rooftop patio includes an outdoor lounge, covered seating, a fireplace and BBQ grilling stations. The pet-friendly community includes a dog grooming station and for bicyclists, a dedicated and secure storage room, wash and repair station.
“Sky 3 affords residents wonderful access to arts and entertainment,” said John Crawford, Director for Greystar. “The community is situated in the Cultural District in close proximity to the Portland Art Museum, Oregon Historical Society, Arlene Schnitzer Concert Hall, Portland Farmer’s Market, and the beautiful Park Blocks. People who live at Sky 3 can readily walk to the best places in Portland.”
Sky 3 will offer 39 affordable units at 80% of median income through Portland’s Multiple-Unit Limited Tax Exemption (MULTE) program. The affordable component makes apartments accessible to a broader demographic and will add value to a community in need of affordable housing solutions.
For more information on Sky 3, visit www.Sky 3pdx.com.

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Seattle High Rise Under Construction Gets New Name and Brand

SEATTLE HIGH RISE UNDER CONSTRUCTION GETS NEW NAME AND BRAND

SEATTLE (May 8, 2017) — A 41-story tower currently under construction in downtown Seattle is getting a fresh start with a new name and brand.
Development partners The Molasky Group + Binjiang Tower Corp. are branding the property at 2116 4th “Arrivé” (pronounced ah-ree -vā). The name, logo and original marketing campaign are created by VERV Projects, Vancouver, BC. Formerly known as Potala Tower, the joint venture partners have taken complete ownership and control of the property and have revitalized the project with a substantial new investment as well as a recommitment of EB5 investor capital. The project, currently under construction, is planned to be delivered in the first quarter of 2019.
“The building has a new name and look reflective of the high-value experience we plan to deliver to those who will want to live here,” says Mike Doran, The Molasky Group executive in charge of the design and construction. “The name Arrivé is aspirational and resonates well with our target demographics. The logo uniquely reflects elements of the building’s iconic design while conveying the upscale positioning of the property.”
Located at the confluence of Seattle’s most vibrant neighborhoods, Arrivé will be one of the first for-rent mixed-use properties in downtown Seattle with ground level retail, an upscale hotel, well-amenitized apartments, and secure below grade parking. It is adjacent to the landmark Seattle Cinerama on 4th Avenue and only two blocks from Amazon’s three million square foot headquarters. The general contractor is Denver, CO-based PCL, the sixth largest contractor in the United States. The architect is Weber Thompson, Seattle’s most notable architectural firm.
For more information and to be placed on the interest list visit www.arriveseattle.com
Binjiang Group is a real estate development company based in Hangzhou, China and listed on the Shenzhen Stock Exchange. Since its establishment in 1992, the company has grown into one of the leading real estate developers in the Yangtze River Delta, ranked among the Top 50 companies in China’s real estate sector.
The Molasky Group, started in 1951, is a privately owned real estate development company based in Las Vegas. It has extensive experience designing, building and financing commercial, office, residential, healthcare and federal real estate developments across the United States. The company, along with its affiliate Ovation Development, has developed more than 10,000 multi-family units.

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Molasky Group Opens Sixth FBI Field Office

FBI Director James Comey and Massachusetts Governor Charlie Baker were among guests celebrating the completion of the agency’s new Boston Field Office in Chelsea, Massachusetts. It is the sixth such field office that The Molasky Group of Companies has had the privilege to work on for the Federal Bureau of Investigation (FBI) and U.S. General Services Adminstration (GSA) and the first for its Boston-based development partner, ACS Development.

“We are very proud to deliver this field office to the FBI. It provides a state-of-the-art environment which is an invaluable tool for today’s law enforcement agency, personnel and partners,” says Matt Connolly, senior vice president of development for The Molasky Group and head of the company’s Atlanta office and national government development market.

The 268,000 square-foot building will house a new regional computer forensics lab starting this spring, Special Agent in Charge Harold Shaw told attendees, saying the new technology will be a “force multiplier.”

Boston Police Commissioner William Evans, who attended the event, said the computer lab’s capability in fraud investigations and other cyber crimes will aid the Boston Police Department in its investigations.

“This will do a lot of great things for not only Boston and the state but New England,” says Evans. The Boston FBI Division serves Maine, Massachusetts, New Hampshire and Rhode Island.

The new headquarters relocated the FBI from its downtown Boston offices to the neighboring city of Chelsea, where the eight-story building is set right across the street from the future location for the city’s commuter rail station, which is under construction.
Shaw said it is the first time the headquarters has been located outside of Boston and it is the first time the Boston FBI has had a standalone building.

“It provides an environment that more accurately reflects the professionalism of our workforce,” Shaw said. He said the new building is home to more than 600 employees and task force members overseeing 10 satellite offices.

Gov. Charlie Baker, who was on hand for the event, said the new facility is a “very big deal to us” and credited his secretary of Housing and Economic Development, former Chelsea City Manager Jay Ash, with working on the project.

Anthony Simboli, chairman of the developer ACS Development Corporation, said it had “taken ten years to bring the project to fruition.”
The space will be leased to the FBI for 20 years, according to the General Services Administration, which listed construction cost at $100 million.. Construction of the new headquarters was substantially completed in October 2016, according to the GSA.

GSA Public Building Service Commissioner Norman Dong said the new facility is almost twice as large as the old location, offering a flexible layout and “will serve as a model for FBI workplaces for generations.”

Noting the added security and “natural light” in the new building, Comey gave a paean to the law enforcement officers who populate it, saying they “light it from within.”

“When you choose to do the work that is done in this building you choose a different way to live,” said Comey, who said those who work out of the FBI headquarters chose hard work with “moral content.”

The Molasky Group is a Las Vegas-based real estate development company with more than 65 years of experience building office, commercial, retail, residential, medical & healthcare, corrections and aviation properties. More information is available at molaskyco.com

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The Molasky Group Completes its Fifth FBI Property

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Atlanta, GA – A new headquarters for the FBI Milwaukee Division, the headquarters for all FBI operations in Wisconsin, is now open. Developed by The Molasky Group of Companies, the campus includes an 83,000 RSF, four-story Class A building and parking facility built to LEED Gold standards. It is the fifth divisional field office that the Molasky Group has developed for the FBI

Located at 3600 S. Lake Drive in the City of St, Francis, the project included a major renovation of 65,000 RSF of existing space, the addition of 18,000 RSF, a covered parking facility and federal security upgrades. Molasky’s team included general contractor Kraus Anderson of Minneapolis, MN, andproject architect, HGA Architects of Minneapolis and Milwaukee, and structural/physical security engineer, Weidlinger Associates.

“It is a privilege and honor to provide the FBI Milwaukee Division with a state-of-the art facility built for its specialized mission. Bringing the FBI to this unique location and completing a major property redevelopment was a tremendous success, in large part due to the close collaboration and partnership with GSA, FBI, and the City of St. Francis. ,” says Matt Connolly, Senior Vice President of Development for the Molasky Group. Connolly served as development executive for the $45MM project that began in 2014.

“We are veryproud of our new building,” said Robert J. Shields, Special Agent-in-Charge of the Milwaukee Division of the FBI. “The standalone facility provides the FBI with the best resources possible, allowing us to work closely with our law enforcement partners here in the state of Wisconsin since 1917 and well into the future.”

The FBI, General Services Adminstration (GSA) and The Molasky Group will officially open the building at a ribbon cutting ceremony in June.

In business for more than 65 years, The Molasky Group of Companies has offices in Atlanta, GA and Las Vegas, NV. It has an extensive track record of designing, building and financing commercial, office, residential, healthcare and federal real estate developments across the United States. In additional to the FBI facility in Wisconsin, it has recently completed several large scale projects including Veteran Affairs Outpatient Clinics in Eugene, OR and Birmingham, AL, Blue Cross Blue Shield Service Center in Columbus, GA; and is nearing completion on the FBI Regional Headquarters in Boston, MA; and residential projects in Glendale, CA and Portland, OR.

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FBI director: New Milwaukee field office expected to “make us more effective”

The Milwaukee FBI field office is getting a new home. The bureau’s employees are moving from their downtown Milwaukee location to a scenic spot in St. Francis.

The Milwaukee FBI field office celebrated the official opening of its new home on Wednesday morning, June 1st.

“This is about giving you the space, the safety, the technology, the stuff that you need to be great,” said FBI Director James Comey.

The move was big enough to garner a visit from the FBI director himself.

“It was so important for me to be part of this to celebrate this that honestly, I blew off a meeting with the president of the United States,” Comey said.

FOX6 News is told the new facility is actually about 9,000 square feet smaller than the FBI’s previous Milwaukee location. However, it is expected the work space will be both more efficient and more effective.

Read the Full Article Here

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