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Pratt Fine Arts Center Secures the Ability to Expand its Central District Campus


In 2013, Pratt engaged Heartland to help create a concept for an arts-based community and then secure a private developer who shares the vision and has the capital and expertise to take it through the development process. The Heartland team generated several alternative configurations, analyzed the range of financial implications to Pratt and ultimately took the opportunity out to the market. There were many innovative proposals but a team led by Daniels Real Estate and including Graham Baba Architects and landscape architecture firm Gustafson Guthrie Nichol won the opportunity to develop the property which will include a major new facility that Pratt will own and occupy. This project is a great example of mission driven organizations using their assets to create economic sustainability for the future.