News
ONE WEST GREEN NEWS
05/09/2011
M&D Regional Center (MDRC) and M+D Properties (Developer) have been working together to proceed with the Pasadena ONE WEST GREEN Project. Below you will read about funding status, architect updates, and financial facts about the city of Pasadena.
Private Placement Memorandum
One of the largest concerns for investors in an EB-5 program is, “will the Private Placement Memorandum (PPM) be fully subscribed and funded?” If a PPM is not fully subscribed and lacks the necessary funding for a project to complete development, it can cause serious concerns for investors who have contributed their financial capital.
M&D Regional Center has always been confident that funding for the ONE GREEN PPM would never be an issue, and as of last month ONE GREEN PPM is fully funded. Now that the funding has been secured, M+D Properties and MDRC have begun meeting with architects such as Gonzalez Goodale and other consultants to discuss plans for the project.
Gonzalez Goodale Architects and Bernards Consultants
Gonzalez Goodale Architects, an Old Pasadena-based firm founded in 1980, is committed to “improving the public environment through design excellence and sensitive client service.” This award-winning firm has served diverse public, non-profit, and institutional clients with an interactive, creative design process. For more information on Gonzalez Goodale Architects and their work, please visit Gonzalez Goodale Architects.
MDRC and M+D Properties have been meeting with consultants and Gonzalez Goodale to finalize designs and plans for the ONE WEST GREEN Project. With a target date to begin construction in the fourth quarter of 2011, MDRC and M+D Properties are working with these other parties to further the project along and meet deadlines.
Bernards is a nationally-ranked builder that provides full construction and management service support to corporations, schools, governments and civic organizations across a diverse spectrum of industries and markets. MDRC has utilized Bernards services throughout the entire pre-construction phase to carefully plan costs and define roles. For more information on Bernards and their work, please visit Bernards.