partners in real estate
Philosophy |
Morgan Creek Ventures is a privately owned, real estate development firm founded in 2001 by Andrew Bush. The firm specializes in sustainable urban infill development in Boulder, Colorado and San Francisco, California and plans to continue development in the Austin, Texas market. As a boutique firm, we pursue a limited number of investments that encourage smart growth. Our built-portfolio ranges from office and mixed-use redevelopment to ground-up residential and preservation communities. Ultimately, we are in the business of developing space that features sustainable design, enduring quality and lasting value.
We work from the center.
We identify the direction of movement in a city. We build from a city’s strength, yet we anticipate movement and change. Locations evolve. We position ourselves in the path of future change, change that may take decades to occur. Our goal is to convey how sustainable development, created with rigorous standards and a focus on design, can improve communities and produce returns that will surpass traditional real estate funds.
Sustainability is more than about being green.
It’s about Continued Success.
Our buildings require a long-term perspective. The pay offs can be immediate and the rewards get better over time. Such is nature of most paradigm shifts. They eventually become the new normal. Being early adopters of sustainable design has allowed us to develop LEED projects that have received Silver, Gold and Platinum certifications. We are committed to minimizing our enviornmental impact in a financially responsible way.
time
Time is the friend and the enemy of real estate. Time helps to create value by reducing debt and creating appreciation relative to other assets. Time improves good locations. But cycles can result in depreciation and reduced performance. We try to take advantage of the benefits of time and guard against the potential impacts by developing lasting assets.
performance
Well-designed real estate projects, with a focus on sustainability, in the right cities, in the right neighborhoods perform better financially. In the short term they may be equal, but in the long term they always outperform their competitors. A more attractive product, that costs less to operate, in a better location, will always outperform its competitive set.
live
play
work Our work is not about a style or product type, it is about solving a problem for a specific site within our chosen location and an area of business. We create places within communities.
live People move to, retire in and relax in urban cores and real communities. We provide contemporary housing designed with an eye toward the future.
The creative migration is on. Creative people deserve creative spaces that foster imagination and enhance productivity through daylight, environmental controls and spatial organization. We create these environments to be profitable today and flexible for tomorrow.
work
play
More often than not, our resort work is a combination of the setting and the strategy. Not unlike technology, it is the combination of software and hardware. A connection to the place and its past. While we primarily practice in a contemporary setting there is something fun about suspending disbelief, and we believe it informs our other work.
conservation
Some places shouldn’t be developed.
When they include core environmental, cultural or visual resources, we should tread lightly. We have helped to preserve thousands of acres, while creating value for our families and investors at the same time.
Experience comes with time. You develop the ability to look ahead, anticipating potential opportunities and challenges, because at some level you have been there before. Our experience gives us the perspective to look beyond the base challenges associated with a development, and spend more time focused on sustainability, design and long-term value creation. The result is fewer mistakes and more consistent performance.
Projects 123 Townsend San Francisco, CA 142,000 Sq. Ft. Office Historic Renovation/Build-out 100% Leased
1215 Spruce Boulder, CO Core & Shell Renovation & Build-out 21,000 Sq. Ft. Office/Retail LEED Platinum TI 100% Leased
634 Second Street San Francisco, CA 64,000 Sq. Ft. Office/Retail Historic Renovation/Build-out 100% Leased
Our work ranges from development projects to advisory services and our partners range from individual families to institutions. The following projects represent developments in which Andrew Bush played a Principal level role including project identification & acquisition, financing, approvals, planning & design, construction oversight and marketing/sales strategies.
The Walnut Boulder, CO New Construction 62,000 Sq. Ft. Residential LEED Silver 94% Sold
750 Second San Francisco, CA New Construction 24,000 Sq. Ft. Residential 50% Sold (Since November 2012) LEED Gold
Old Trail Charlottesville, VA New Urbanist Community 1,200 Homes/Town Center/Golf 300 Homes & Golf Complete
Boulder Common’s Boulder, CO 23,000 Sq. Ft. Renovation (95% Leased) 340,000 Sq. Ft. Redevelopment (In Planning) LEED Certification Planned
Erin Hills Milwaukee, WI Complete Renovation & New Construction 640-Acre Golf Resort/ Preservation Renovation CompleteHost of 2017 US Open Host
Catamount Ranch and Club Steamboat, CO Ground Up DevelopmentComplete 3,200-Acre Limited Development Community 2,500-Acre Conservation Easement
Morgan Creek Ventures LLC 3390 Valmont Road Boulder, CO 80301 {303} 444 9200 www.morgancreekventures.com andy@morgancreekventures.com