KMS Development Partners was founded on the values and entrepreneurial spirit that has guided three highly-motivated and successful individuals – Dan Keating III, Dennis Martin and Mike Sencindiver.
The partnership bears the trademarks of unique individual skills and collective success. Through many years in a predecessor company (Keating Development Company), they have crafted a unique portfolio of projects that are both value focused and beneficial to the host communities.
Public-Private Partnerships: How KMS became an industry leader in successfully delivering projects that create value and community benefit on otherwise underutilized government properties.
The principals of KMS have been experts in successfully creating public-private partnerships for nearly two decades; long before this form of project delivery became a solution of choice for many of today’s redevelopment and infrastructure challenges.
Our experience is rooted in the long history of the Keating Organization servicing the needs of public institutions. Beginning in the early 1980’s, we began helping colleges and universities finance and deliver academic buildings and student housing. We also helped hospitals finance and deliver much needed medical facilities and office buildings.
In 1990 we began working with the United States Postal Service (USPS) and the United States General Services Administration to finance and deliver federal courthouses and office buildings on underutilized Postal Service property. In the mid-1990’s we expanded this form of partnership to include county and municipal buildings and facilities for colleges and universities.
Over the years, we developed a national reputation for being an honest, trustworthy and reliable partner that works collaboratively with government entities to deliver quality development projects to the public. Because of this reputation and the deep relationships we have built, we have now completed projects valued at over $1 billion in public-private partnerships.
We began each new project by first determining how we can help create the most community benefit from an underutilized government property in the most cost effective way for our public partners.
Examples of these types of successful public-private partnerships include:
- IRS Regional Headquarters; Philadelphia, PA: A one million square foot historic former Main Post Office transformed into a Class-A office space and facilities for the IRS.
- Civic Square II; New Brunswick, NJ: New Middlesex County Administration Building, New Brunswick Public Safety Building and a renovated Post Office.
- Rutgers Pubic Safety Building; New Brunswick, NJ: A new public safety building, academic facilities and parking garage for Rutgers University
- The Phoenix at Clarendon; Arlington, VA: Large mixed-use development including condominiums, offices, retail, large post office and underground parking.
- Hyatt Regency at Penn’s Landing: Philadelphia, PA: New 350-Room full-service waterfront hotel with 24,000 SF of meeting spaceand 450-car garage.
- Heldrich Plaza; New Brunswick, NJ: Mixed use development including luxury 250-Room hotel, conference center, luxury condominiums and retail.
- Transit Village; New Brunswick, NJ: Mixed-use development including 200-units of residential use, Rutgers book store, offices, restaurant/retail and parking structure.
- Rutgers University Atheltic Performance Center; New Brunswick, NJ: 134,000 SF Facility, locker rooms, practice venues, strength-training, offices, dining facility, meeting rooms, retail space, and 574 car parking garage
MEET THE TEAM
Dan’s career spans over forty years leading several companies and creating value in virtually every facet of real estate including development, construction, environmental management and facility management. His career is defined by huge and hugely complex projects such as the redevelopment of the United States Postal Service property at 30th Street, the Pennsylvania Convention Center, The Phoenix Luxury Condominiums, Lincoln Financial Field, SugarHouse Casino and the Hyatt Regency Hotel at Penn’s Landing in Philadelphia and many other high-profile projects in the PA/NJ/DE region. These projects have a collective present- day value exceeding $10 billion. It is also defined by ideas that have transformed the way KMS delivers projects. In the early days it was new opportunities for disadvantaged businesses before there were MBE/WBE programs; streamlining our project delivery process through the integration of development / design / construction services; and the formation of public-private partnerships that create new project value for public entities and the surrounding communities.
Dennis is an attorney and longtime partner at KMS and its predecessor company, serving in many capacities such as Executive Vice President, General Counsel and President of development operations over the last 35 years. Dennis has extensive experience in developing large complex projects with multiple stakeholders, finance, contracts and forming and managing public-private partnerships , especially partnerships with the United States Postal Service and the Unites States General Services Administration. Dennis created the model of USPS/GSA project delivery and financing in the early 1990’s which has led to the IRS Regional Headquarters at 30th Street and The Phoenix in Philadelphia, The Phoenix at Clarendon Virginia and federal courthouses and office buildings in locations such as Lynchburg, VA,
Waco, TX, Wilkes-Barre and Allentown, PA. ..He is leading KMS’s hotel redevelopment project team in Hoboken.
Mike is an attorney and real estate developer with over thirty five years of diverse experience creating some of the Philadelphia region’s most distinctive projects such as the Independence Blue Cross headquarters, the Hyatt Regency Hotel at Penn’s Landing and the transformation of brownfields into over a quarter million square feet of office space and multi-family residential. He has also been at the forefront of the transformation of Downtown New Brunswick, NJ pioneering KMS’s first public-private partnership projects with the New Brunswick Development Corporation (DEVCO), the United States Postal Service and Rutgers University developing courthouses, office buildings, research and educational facilities and major mixed-use developments such as the Heldrich Hotel and Conference Center and the Transit Village.
Robert Reed, P.E., LEED AP
Rob is the KMS Development Executive responsible for our Hoboken project and is a licensed Professional Engineer and LEED AP. He has over twenty-eight years of public and private sector experience in real estate development and construction and has managed and delivered some of KMS’ most complicated projects – including the highly acclaimed $300 million 30th Street Post Office conversion to the new IRS Regional Office project in Philadelphia, PA. Prior to joining KMS, Rob spent 10 years with the United States General Services Administration and the United States Army Corps of Engineers where he managed many of their large and complex construction projects in the Middle Atlantic region.