Teams have begun forming for the Los Angeles Civic Center P3 project with the RFQ release just around the corner, said three sources familiar with the situation.
One team contains Fengate, Tutor Perini and BIG Architecture, according to one source familiar with the procurement.
Another team contains Meridiam, Clark Construction, Edgemoor Infrastructure and Real Estate, SOM and Engie, according to a second source familiar with the project.
Plenary has teamed with Johnson Controls and Webcor on another team, according to a third source familiar with the project.
The second source said the project can potentially be the most important social P3 project the US market has seen, and a “legacy project” for Los Angeles Mayor Eric Garcetti.
The target date for the release of the Request for Qualifications (RFQ) is 1 April. Qualifications will be due to the Bureau of Engineering on 29 May, and evaluation will take place from June-September. The Bureau of Engineering and the Los Angeles Municipal Facilities Commission (MFC) will prepare a report for the city council on the selected shortlist of respondents following the RFQ process, according to the inter-departmental agenda.
The shortlist is scheduled to be announced before the end of September, and a request for proposals (RFP) will be issued to those teams in 4Q19. The final addendum to the RFP will be issued to the shortlist in 1Q20, and final proposals are currently slated to be due in 2Q20.
A preferred proponent is currently scheduled to be selected and announced in 4Q20. Financial and commercial close are also scheduled in that time frame.
In July, 2018, Los Angeles County accessed USD 302m in financing for the construction of a nearly 500,000-square-foot building, in a partnership between the county and Public Facilities Group.
The loan, with a 33-year tenor, and will be repaid in the form of a ground lease from the City of Los Angeles. The county will own the property after the loan is paid off.
The city is seeking a team to enter into a 30-year availability-based contract to DBFOM a new civic center in downtown Los Angeles. The project is currently estimated to cost between USD 915m and USD 943m.
The new Civic Center will be built where the former Los Angeles Police Department headquarters, the Parker Center, currently stands. The city is on schedule to tear down the existing structure by December 2019.
The project includes a 27-to-29 story tower, which will contain 753,740 square feet of office space and underground parking for 1,100 vehicles, according to a statement issued by the city. It is one part of the Los Angeles Civic Center Master Plan, which was approved by the city council in March 2018. The master plan calls for the construction of 1.2m square feet of additional office space, residential options and retail hubs, as reported.