Massachusetts Port Authority (Massport)
Strategic Planning for Real Estate Assets
- Boston, MA
Massport owns and operates an integrated world-class transportation network that promotes economic growth and opportunity, enhances the quality of life of New England residents and protects the freedom to travel safely, securely, efficiently, and cost-effectively.
Redgate is assisting Massport in creating a long term vision and conceptual framework for asset maximization and management that will guide the redevelopment of Massport’s commercial real estate properties through 2035. As part of this process, Redgate has evaluated all of Massport’s properties to identify strategic opportunities and alternatives for land use to simultaneously support their core businesses; align with their civic vision of promoting mixed-use, open space, and sustainability; stimulate economic development and job creation; and maximize land value. The planning involves close coordination with other Massport business lines, City initiatives, transportation plans, and other stakeholders to ensure development is in line with their needs, plans, and visions.
Redgate has made recommendations for highest and best use of each property, such as land acquisitions, property sales, redevelopments, relocations, and public/private partnerships. Our team has also assisted Massport in performing feasibility assessments, creating conceptual plans for various areas, and prioritizing projects.
- Strategic Advisory