John R. Dewenter, III Effective leader of and advisor to design, construction, development and investment teams.Providing innovative solutions around real estate development, delivery, sales and operational issues worldwide. Professional Experience Development Manager, Abu Dhabi Investment Authority (ADIA), UAE 2011-Present The first Development Manager in the world’s largest sovereign wealth fund’s Real Estate investment team. Advising on design, construction, development and asset/property management issues to minimize risk and maximize value-add opportunities. Increased net-to-gross area by 10% on retail acquisition opportunity in China. Advised on contracting strategies and structure for new hotel development in New York. Directed development team on contractual dispute issues on a new premium high-rise office project in Australia. Initiated investment strategy and developed outline framework that could be implemented by all regional departments. Conducted in-house training sessions on development process and site inspections. Director Planning and Design, Lerner Enterprises, Washington DC 2007-2009 Directed design and planning of new town centers, office and condominium towers. Among the consultants directed were KPF and BBG. Resolved construction conflict with solution that increased lettable area by over 3,000 square feet and reduced project cost. Reviewed and edited in-house General Terms and Conditions and construction Form of Contract to ensure additional owner and project protection. Served as chairman of Architectural Review Committees for 3 master planned mixed-use commercial properties. Development Director – Design, Skylan Development, Seoul, South Korea 2006-2007 Directed design of the 6.5 million square foot “Parc 1” project which included 72-story and 58-story office towers, 1.3 million square foot luxury retail center and 370 room business hotel. Lead architect was Richard Rogers, winner of the 2007 Pritzker Prize. Increased net-to-gross efficiencies by as much as 10 to 12%. Directed +30 consultants from around the world to complete design phase on time, under budget. President, Pacific Multifamily Ventures, LLC, Chantilly, Virginia 2002-2006 Formed company to assist developers in sourcing equity and debt for new projects and acquisitions. Project Director, Metro Pacific (First Pacific), Manila, Philippines 1996-2002 Directed design, procurement and construction of the 2 million square foot, 55-story Pacific Plaza Towers luxury condominium project. Lead architect was Arquitectonica. Increased sellable area by 30% resulting in additional revenue potential of $45 million. Doubled sales rate during Asian Financial Crisis by providing first onsite sales office and show suites of actual units during construction. Introduced innovative structural techniques to increase net floor areas and reduce building sway. Introduced industry first no cost option packages for buyers which helped ensure sales of 75% of units before completion during Asian Financial Crisis. Senior Development Manager, First Pacific Land, Bangkok, Thailand 1991-1996 Directed design, procurement and construction of an award winning resort, 31-story office tower, 28- story serviced apartments, 2.5 million square foot retail center and others. Education Masters in Building Construction, University of Florida Masters of Arts in Architecture, University of Florida Bachelor of Arts in Architecture with Honors, University of Florida Please see project summaries below
Parc 1 (Mixed-use Office, Retail and Hotel) for Skylan Development Mixed-use project of approximately 6.5 million square feet Tower 1 – 72 stories Tower 2 – 58 stories Retail – approximately 850,000 gross square feet above ground, and 500,000 gross square feet below ground Hotel – approximately 370 rooms Basement – approximately 2,800 car park spaces Total budget (excluding land): approximately US$1.5 Billion Schedule: Excavation begun in June 2007. Completion scheduled for 2011. Prepared project Design Brief. Worked with many organizations to determine regional and local standards and client expectations for each project component. Appointed full team of international and local consultants under budget. Negotiated scopes of work and contract conditions with team of approximately 30 local and international designers and specialists in time for the start of Schematic Design. Aggressive design schedule. Prepared, organized and managed an aggressive 5 month Schematic Design (SD) schedule (completed on time) and 6 month Detailed Design (DD) phase. Increased net-to-gross efficiencies. At the time of my appointment the project had received Building Permit. The plans on which permit was received had some significant inefficiencies and design weaknesses. Prior to the start of Schematic Design we re-planned the project and increased net-to-gross efficiencies by as much as 12%. Organized early construction packages. Examples: diaphragm wall design and documentation organized so construction could start before completion of Schematic Design. Due to worldwide shortage of ball bearings organized early Elevator Package. Material shortages and industry pressures due to extremes in construction activity in Asia created a need to prepare early curtain wall and structural steel packages. Bid packages planned for issue in Detailed Design (DD) stage. Working with contractor to incorporate Up-Up and Top-Down construction techniques in design documents.Pacific Plaza Towers (Condominium) for Metro Pacific Two 55-storey towers, constructed floor area approximately 2 million square feet Common podium with 4 basements which include over 1,350 car park spaces 383 typical units of approximately 3000 square feet each 2 “Garden” units of approximately 3000 square feet each 8 Penthouses from 4500 square feet to 7000 square feet Development cost of approximately $200 million Practical Completion in September 2001 Achieved incremental revenues of $45 million. Negotiated allowable constructed floor area calculations with local building authorities. Increased the allowable sellable area by approximately 30%. Doubled sales performance. Developed sales and marketing office and four show suites which were built and operated during the construction of the project. These were the first of their kind in the local market. Sales more than doubled after their completion. Over 75% of the 393 units were sold before completion. Helped to maintain sales leadership during down market. Developed options packages at no cost to buyers which assisted in maintaining sales performances. Involved negotiations with contractors and suppliers. First such package in that market. Awarded $175 million contract (1998). Organized bid documents, issued bid, negotiated and awarded a +$175 million Main Contract in a market affected by the Asian Financial Crisis. Introduction of innovative designs, materials and systems into markets. For example, introduced 66% increase of the market’s concrete strength, use of unitized curtain wall and engineered wood flooring for high-rise residential project.
Select projects with First Pacific:Costs shown below are from the early 1990’s. Pantip Court (Executive Residence) 28 Stories 147 Units Typical Floors made up of 1 and 2 bedroom units Two 3-bedroom Penthouse and one 4-bedroom Penthouse Project was purchased by First Pacific while under construction as a hotel. Redesigned and remodeled into an Executive Residence. Development cost of approximately $45 million (after purchase) Completion in December 1993 Baan Taling Ngam (Boutique Resort) 42 rooms (all suites) – 40 rooms of 500 square feet and 2 of 1000 square feet Seven 2-bedroom beach villas 42 Thai-style cliff side homes from 2500 square feet to over 7000 square feet Off-site tennis compound, staff quarters, laundry and maintenance facilities Development cost of approximately $45 million Completion in August 1994 Originally managed by the Mandarin, now managed by Royal Meridien Member of The Leading Hotels of the World Two Pacific Place (Commercial with limited ground level retail) 32 stories Approximately 450,000 square feet Development cost of approximately $45 million Completed in January 1994 Seri Center (Retail) 4 stories Approximately 2.5 million square feet (90,000 square feet of sellable area) Development cost of approximately $130 million Completion in August 1993 Nail Lert Building (Renovation/Upgrade – Commercial and Retail) Renovation and upgrade costs, inclusive of fees, $10 million
Select Lerner Projects and AchievementsMaster Planning: Dulles Town Center Approximately 6 million square foot (not including basements) mixed-use new urban center Planner: CMSS Manassas Landing Approximately 1.8 million square foot (not including basements) mixed-use new urban center Development partnership with City of Manassas Planner: CMSSCompletion of Construction Documents: Tysons Office and Retail Building Approximately 490,000 square feet Leasable space of approximately 470,000 square feet 1333 car park spaces in separate 12 story structure Architect: Kohn Pederson Fox (KPF) Fallsgrove Executive Plaza Approximately 490,000 square feet Leasable space of approximately 470,000 square feet 1333 car park spaces in separate 12 story structure Architect: DVA
Concept Design: Tysons Residential Over 1.2 million square feet 310 units – 1,500 SF to 5,300 SF 660 car park spaces Architect: BBG Tower Oaks Residential Nearly 400,000 square feet Master planned and connected with adjacent Marriott Renaissance Hotel 100 units 208 car park spaces Architect: BBGOther achievements:Chairman of the Architectural Review Committee for 3 mixed-use projects. The committee oversaw the quality of development onbehalf of each Property Owner’s Association.Prepared and issued Request for Proposals for two residential projects, each with over 400 units.Began the process of assembling a comprehensive Master Planning team for an urban mixed use project of approximately 6.5million square feet.Comprehensive review and comment on Lerner’s standard construction agreement and general conditions.