As a developer, investor, builder, and asset manager, Gilbane’s signature “One Company” approach harnesses our extensive experience in planning and design, real estate development, finance (equity, taxable and tax-exempt structures), design-build and construction management, and where applicable long-term operations and maintenance to provide a fully integrated solution under one corporate umbrella and team.
Our tailored turnkey solutions integrate our clients and engage project stakeholders throughout the process, reduce project delivery time frames, and lower capital and operational costs resulting in maximum value for our public sector partners.
Equally important is Gilbane’s investment in local and minority-owned businesses to strengthen communities while promoting positive outcomes in areas such as equity, social justice, and the environment, to name a few.
Gilbane’s 2022 outlook for P3’s is highly positive. We continue to build relationships with new partners and are looking at several opportunities spanning multiple sectors within the social infrastructure space, including higher education, healthcare, K-12 schools and state and municipal government. Gilbane is developing lasting partnerships and both innovative and flexible finance, construction, and long-term operations and maintenance solutions.
2021 highlights include:
Prince George’s County Public Schools “Blueprint Schools”, Prince George’s County, MD
Gilbane is serving as joint venture developer and design-builder for a 30+ year Public-Private Partnership to design, build, finance, and maintain five new middle schools and a new K-8 school for Prince George’s County Public Schools (PGCPS). This pioneering “Blueprint Schools” program was specifically designed to address aging and overcrowded facilities and will deliver six new schools, ultimately serving 8,000 students, by July 2023, a mere 2 ½ years after reaching financial close. This innovative bundled delivery model, the first of its kind in the U.S., was recognized as IJGlobal’s 2021 ESG Social Infrastructure Deal of the Year for its positive benefit to the lives of young people across Prince George’s County. The project is advancing local economic inclusion goals through diverse and local business utilization. Nearly 30% of total eligible costs will be awarded to minority-owned businesses, and community-based small businesses, while approximately $174 million in savings is expected to be realized by PGCPS in deferred maintenance and construction costs savings.
As of November 30, 2021, our team has:
- Sponsored 11 MBE and county-based business outreach events
- Awarded $49.7M in contracts to MBEs
- Conducted our first Prince George’s County Blueprint Schools Mentor Protégé Program
- Hired two interns through our relationship with Prince George’s Community College, and
- Donated $20,000 to the Prince George’s Community College Foundation Scholarship Fund
The Northeast Community Propel Academy, Philadelphia, PA
Gilbane partnered with The School District of Philadelphia to address Philadelphia’s sustained and extraordinary growth in its northeast neighborhoods. Under an innovative Design-Build-Finance model, Gilbane delivered a new $80 million K-8 school for 1,600 students in just 18 months after reaching financial close. 43% of construction dollars were awarded to minority and women-owned companies. Students and school officials gathered in celebration of the on-time and on-budget opening with a special ribbon cutting event in September 2021.
Eastern Michigan University (“EMU”) on-campus student housing program, Ypsilanti, MI
Gilbane was selected to lead a transformative three-year, $200 million campus housing initiative at the state’s second-oldest public university. As a critically important equity initiative, EMU’s “Welcome Home 2025 Plan” will modernize existing on-campus student housing and create new housing, including single rooms, suites, and apartments. EMU and Gilbane Development Company’s team will invest more than $200 million between 2022-2025 to construct new on-campus student housing, renovate existing housing, and demolish outdated housing. The transformative project will result in renovations to 2,025 beds and 700 new beds.
William H. Gray III 30th Street Station Redevelopment Project, Philadelphia, PA (Amtrak)
Gilbane is a key team member in redeveloping Amtrak’s 30th Street Station in Philadelphia, PA. The multi-phased project will address both interior and exterior improvements to the historic facility. With enhanced functionality and customer experience for Amtrak, SEPTA and NJ TRANSIT customers, the project will also improve the Market Street Plaza. During this project, Gilbane will renovate Amtrak’s 5-story corporate headquarters; expand and modernize the main station and SEPTA level with new food, beverage, and retail options; the latter will include a new Food Hall modernization, upgrades of selected building infrastructure, and public amenities and landscaping to beautify and improve Market Street Plaza.
Morgan State University Thurgood Marshall Hall, Baltimore, MD
Gilbane, in association with WarrenBuilds, is providing services for the construction of a new, on-campus $70 million, 235,000 SF student housing and dining complex for Morgan State University (“MSU”). Named for the nation’s first African American Supreme Court Justice Thurgood Marshall, the 10-story, 670-bed tower will include a 40,000 SF traditional dining hall and food court, retail, and student support services on the first floor. The project, which is funded through a combination of tax-exempt lease revenue bonds and Historically Black Colleges and University (HBCU) funding sources, is being financed, designed, constructed, and operated through an alternative delivery model managed by the Maryland Economic Development Corporation.