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CITY OF COLUMBIA
SOUTH CAROLINA
OFFICE OF THE MAYOR
November 17, 2014
Mr. Marc Lifshin
President
Core Campus
2234 W. North Ave
Chicago, IL 60647
Dear Mr. Lifshin,
As Mayor of Columbia, I would like to congratulate on the outstanding job Core Campus has done
successfully transforming the a vacant 21 -story Main Street office tower formerly known as the Palmetto
Center into The Hub, a vibrant, inviting and ultra -modern living space bringing nearly 850 students and
young professionals into the heart of Downtown Columbia.
This project is not only stands apart as a striking example of adaptive reuse and innovation, it has proven
itself in short order to be a key turning point in our downtown revitalization efforts helping engender a
level of optimism and activity on Main Street unlike anything we've seen in a generation. In fact, with all
available units leased well before its doors were open, The Hub was generating new interest from all
sectors prompting headlines like "'Hub' Brings High End Living, Business to Columbia," "Restaurants
Getting Business Boom From The HUB" and "Unique student living brings life to key'hub' of Columbia
revival."
There can be little doubt to The Hub's impact as a positive catalyst for our city. Yet while we often judge
projects like this by their end result, in this case the journey is just as impressive as the destination if not
more so and demonstrates the true potential of public/private partnership.
Rather than devolving into adversarial gamesmanship and suspicion, every step along this process has
been met with the true spirit of collaboration and partnership. Whenever the City raised an issue, Core
Campus dealt with it quickly and effectively. Whenever Core Campus had a concern, you brought it to our
attention immediately rather than wait until it was to your best advantage to do so. These are the
hallmarks of true partnership through which we have together created something truly unique. For that, if
nothing else, you have our most sincere thanks.
Again, let me say congratulations to you and to Core Campus for a truly remarkable project and that I
would proudly recommend you to anyone with a need for first-class student housing. This has been a
wonderful experience and I am confident that the best is yet to come.
Sincerely,
Stephen K. Benjamin
Mayor
City of Columbia, SC
LN&
July 10, 2014
City of Iowa City
410 East Washington Street
Iowa City, IA 52240-1826
PNC Real Estate
One North Franklin Street, Suite 2150
Chicago, IL 60606
P: 312.384.4628
E: tracy.larriwn@pnc.com
Tracy S. Larrison
Senior Vice President
RE: Private Developer Proposal for the Court St./Linn St. Redevelopent Site
Dear Sir or Madame:
With respect to the above -referenced project, it is my pleasure to provide this letter for you to
use for any party seeking references for Core Campus. PNC confirms that Core Campus has
maintained an excellent relationship with the Bank for approximately three years and has been
provided approximately $60 Million of credit facilities to date on projects located in Mississippi
and Oregon. All of the loan facilities have been handled as agreed and all aspects of each
project have been handled with the utmost of integrity and professionalism.
PNC is one of the largest and most active Commercial Real Estate lenders in the country and
has experience in all property types including complex mixed-use developments. The Bank is
confident the development team could execute a highly successful development and PNC
would be interested in providing development financing.
Please contact me if you have any questions or require other information.
Best Regards,
r1w �i' Larr lsoa
Tracy S. Larrison
Senior Vice President
BMO ® Harris Bank
A part of BMO Finandal Grail
July 11, 2014
Mr. Marc Lifshin
Managing Principal
Core Campus
2234 West North Avenue
Chicago, Illinois 60647
Commercial Real Estate
111 West Monroe Street
Chicago, IL 60603
Re: Proposed development for the Court St./Linn St. Redevelopment Site, Iowa City, IA
Dear Marc,
Pursuant to your request, BMO/Hams Bank N.A. ("Bank") is pleased to present this letter of
interest indicating the Bank's willingness to possibly providing a construction loan for the above
referenced property. This opportunity would continue our relationship that we have established
in providing financing for two of your current projects that are located in Tucson, AZ and
Madison, WI.
We have received certain information from you regarding this project and we look forward to
providing a comprehensive competitive construction loan proposal at the appropriate time.
This letter is for discussion purposes only and should not be construed as a formal commitment
to lend by Bank. Final approval of any request for credit is subject to approval by the credit
committee of Bank and is subject to the completion of customary due diligence including but not
limited to the review and approval of final plans and specifications, permitting, budget,
environmental assessments, appraisal and pro forma operating statements.
Sincerely,
BMO/Harris N.A.
"-954
William J. Schlesser
Senior Vice President.
BMD HAMS Bmk N.P.
November 13, 2014
To whom it may concern,
Over the past 18 months while serving as the General Manager of the Marriott Columbia, I have had the
unique and awarding opportunity be part of the revitalization of Main Street Columbia. Many factors in
our market are responsible for our unprecedented economic improvement including the renovation of
the Marriott Hotel. While I have had the opportunity to be part of this great time in Columbia, I must
point to the group from Core Campus for providing the largest push of our economy. The Core team
purchased and redeveloped a dead piece of Main Street real estate and turned it into the energy hub of
activity on our Main Street. Many businesses have opened to provide services to our new 860+
neighbors and foot traffic on the street is unrecognizable to prior days. I have personally had the
pleasure to work closely with the Executive team at Core Campus and the leaders of the Hub Columbia.
This group is full of true professionals and show amazing response time, care for their partners in the
neighborhood and responsibility to the community. The Marriott Columbia is thriving, in large part due
to our neighbors at the Hub Columbia. I would highly recommend working with them in the future and
am happy to answer any questions personally over the phone or email.
Kindest Regards,
Joel C. Darr
Joel Darr
General Manager
Marriott Columbia Downtown
Joel.darr@atlantamarriottnw.com
(954)422-2732
Columbia Marriott
tr _ .
�arriott. I
Capital Achievements •New Reheshl.tg Look
COLUMBIAam
The most ev¢nt space and the only concierge
'=
I.el m downtown Columbia located near the
Stat¢ Capital and University of South Carolina.
Learn more
November 13, 2014
To whom it may concern,
Over the past 18 months while serving as the General Manager of the Marriott Columbia, I have had the
unique and awarding opportunity be part of the revitalization of Main Street Columbia. Many factors in
our market are responsible for our unprecedented economic improvement including the renovation of
the Marriott Hotel. While I have had the opportunity to be part of this great time in Columbia, I must
point to the group from Core Campus for providing the largest push of our economy. The Core team
purchased and redeveloped a dead piece of Main Street real estate and turned it into the energy hub of
activity on our Main Street. Many businesses have opened to provide services to our new 860+
neighbors and foot traffic on the street is unrecognizable to prior days. I have personally had the
pleasure to work closely with the Executive team at Core Campus and the leaders of the Hub Columbia.
This group is full of true professionals and show amazing response time, care for their partners in the
neighborhood and responsibility to the community. The Marriott Columbia is thriving, in large part due
to our neighbors at the Hub Columbia. I would highly recommend working with them in the future and
am happy to answer any questions personally over the phone or email.
Kindest Regards,
Joel C. Darr
Joel Darr
General Manager
Marriott Columbia Downtown
Joel.darr@atlantamarriottnw.com
(954)422-2732
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