Battery Maritime Building
Multi-concept landmark real estate development
New York, NY
![](http://heyerperformanceinc.com/wp-content/uploads/2017/07/movedo-dark-stationery-01-1024x576-4-560x576.jpg)
About
PNC Bank’s historic tax credit division group was in need of assessment and due diligence services for a multi-concept food and beverage operation planned for the Battery Maritime Building at the southeast tip of Manhattan.
![](http://heyerperformanceinc.com/wp-content/uploads/2017/07/movedo-dark-stationery-01-1024x576-3-1-560x576.jpg)
Challenge
It was necessary to determine the reasonable, appropriate and viable financial expectations and projections for an array of food service options within a specialty complex. Next, which concepts were required and ideal for a complex of this nature? And how would these various lines of business work in tandem to support each other?
![](http://heyerperformanceinc.com/wp-content/uploads/2017/07/movedo-dark-stationery-01-1024x576-2-1-560x576.jpg)
Solution
HPI was engaged to conduct due diligence on the financials of all food and beverage operations being considered, as well as to work with the operating partner in fine-tuning them. The team was also asked to provide independent projections at a later point based on assessment of market potential.
![](http://heyerperformanceinc.com/wp-content/uploads/2017/07/movedo-dark-stationery-01-1024x576-5-560x576.jpg)
Services Used
Concept
– Market studies + competitive analysis
Financial
– Due diligence + feasibility studies
– Business modeling + plan reviews
– Financial projections + budget pro forma