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Council names Hunden Partners finalist as owner's adviser for River Center expansion and headquarters hotel
Summary
The Metropolitan Council on June 11 approved the Project Oversight Committee's recommendation to negotiate a contract with Hunden Partners to serve as owner's adviser for a proposed River Center expansion and a downtown headquarters hotel.
The Metropolitan Council on June 11 accepted the Project Oversight Committee's recommendation that Hunden Partners (presented to the council as "Hundden Partners") be designated the finalist to serve as the city-parish owner's adviser for a proposed River Center expansion and full-service headquarters hotel development. The council authorized the parish attorney's office to enter contract negotiations with Hunden, subject to final approval of any agreement by the Metropolitan Council.
Rob Hundden (CEO) and Steve Hammerly (executive vice president) presented the firm's approach: a two-phase engagement of roughly 24 months. Phase 1 (about eight months) would define the project program, preliminary budget and financing model; Phase 2 (roughly 16 months) would solicit and evaluate development teams and negotiate term sheets…
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