PDA signed for Annapolis Parking Facility and Dock Redevelopment
Amber Infrastructure Group (‘Amber’), the international infrastructure specialist and Hunt Companies Inc. (‘Hunt’), are pleased to have executed a pre-development agreement (‘PDA’) with the City of Annapolis, Maryland for the development of flood defenses and other resiliency infrastructure in downtown Annapolis.
Amber and Hunt are leading a consortium, Annapolis Mobility and Resilience Partners (‘AMRP’), which was selected through a competitive procurement process.
The project, which will re-develop the existing Hillman Garage and implement resiliency solutions for the City Dock area, will be designed in collaboration with the City through a Progressive Development process. Progressive Development allows the City to optimize the specification and risk transfer while significantly reducing the cost and procurement timeline. The Amber team have used a Progressive Development on recent projects including the Travis County Courthouse project in Austin Texas, the Public Services Complex for the City of San Marcos, Texas and the Biddeford Lincoln Garage & RiverWalk, Biddeford, Maine.
“We are pleased to partner with the City of Annapolis and work with the local community to create a genuinely sustainable solution for the Annapolis Parking Facility and City Dock,” said Eivind N. Dueland, Regional Senior Vice President. “AMRP brings the experience and flexibility to ensure that the project will deliver on the City’s goals.”
“The City Dock project is a true pathfinder project for how local governments can address needed flood resiliency improvements and how public-private partnerships can be utilized as part of governments resiliency toolkit.”
The Annapolis City Dock sits at the heart of the community’s historic and economic district and is the City’s primary interface with the Severn River and the Chesapeake Bay. Protecting the City Dock against sea-level rise and flooding is essential for advancing the City’s economy and safeguarding the City’s cultural and historical heritage. The project's resiliency solutions will help transform the City Dock area into a vibrant community space with shaded gathering spaces, a splash pad, a raised promenade, and seating areas. The project will include expanding the garage’s capacity from 425 to at least 575 spaces and provide for alternative mobility solutions to alleviate the impact of Hillman Garage undergoing construction.
“We are looking forward to embarking on this exciting project with AMRP as our partner. They bring tremendous experience and capabilities to the project. We couldn’t be happier with the team that was selected to implement these vital projects in the heart of downtown Annapolis” said David Jarrell, Annapolis City Manager.
The targeted construction start date for the Hillman Garage is Q1 2022 and late Q4 2022 for the City Dock.
For further information:
Amber Fund Management Limited
+44 (0)20 7939 0558
Amber Infrastructure Group
Amber Infrastructure ('Amber') is an international infrastructure specialist, focused on investment origination, development, asset management and in Europe, fund management. Amber’s core business focuses on infrastructure assets across the public, transport, energy, digital and demographic infrastructure sectors that support the lives of people, homes and businesses internationally.
Amber is headquartered in London with offices in Europe, North America and Australia and employs over 130 infrastructure professionals. Amber has had a strategic partnership with the Hunt Group of Companies (Hunt) in the US since 2015. Learn more at www.amberinfrastructure.com.
About Hunt Companies
Hunt, based in El Paso, Texas, is a diversified, family-owned holding company that invests in operating businesses, real estate assets and infrastructure assets. Since its founding in 1947, Hunt's size and scope have grown substantially while gaining considerable expertise across multiple real asset sectors. Hunt's reputation is built on integrity and performance. Hunt is committed to a culture of transparency for employees, clients, investors, and the communities it serves. Hunt and its affiliates employ more than 3,000 people across the United States and Europe. Learn more at www.huntcompanies.com.