Populous has launched a new Real Estate Strategy service and appointed Cary Hirschstein to lead the venture.
Populous said its new offering brings real estate strategy to the forefront of project planning, enabling the firm’s clients to make complex development decisions that drive long-term economic and community value.
It is a strategic initiative focused on planning and designing vibrant, mixed-use districts surrounding world-class sports, entertainment, and civic venues.
Cary Hirschstein will lead the new service line across Populous’ Americas offices as its first Head of Real Estate Strategy.
Populous said that as venues increasingly serve as year-round community and economic engines, early real estate decisions play a critical role in shaping long-term success.
The company said, “Populous’ Real Estate Strategy service builds on the firm’s decades of leadership in venue-anchored district development, including landmark, award-wining projects such as Oriole Park at Camden Yards in Baltimore, Pittsburgh’s Riverfront district with the design of PNC Park and Acrisure Stadium, BMO Centre in Calgary and Kai Tak Sports Park in Hong Kong.
“The Real Estate Strategy team will collaborate with owners, teams, cities, and developers to align market realities, financial performance, public objectives, and design ambition from the outset of a project, providing a clear framework from initial concept through realization.”
From site strategy and feasibility through governance, phasing and entitlement, the Real Estate Strategy team will help clients to assess development viability while contributing to the creation of dynamic mixed-use destinations.
Team leader
Hirschstein brings more than 20 years of experience shaping development districts and guiding the realization of complex urban initiatives.
He has advised professional and collegiate sports organizations across MLB, MLS, NBA, NFL and NHL, working with clients including the Chicago Bears, Bulls and Blackhawks, Miami United FC and the Kansas City Royals.
He has also partnered with dozens of cities nationwide on transformative mixed-use development and pioneering economic development policy.
Prior to joining Populous, Hirschstein served as Managing Partner at HR&A Advisors, where he led the firm’s Sports and Entertainment District practice, advising on public-private partnerships and large-scale pre-development initiatives.
Hirschstein said, “Populous has an unmatched ability to shape places that deliver lasting value for both fans and communities.
“I’m excited to bring my experience helping clients navigate the full spectrum of successful mixed-use district development, from early strategy through execution.
“In joining Populous, we now have the capacity to integrate real estate strategy, experiential district planning, and venue design through a singular team.”
Jonathan Mallie, Global Director and Managing Director of the Americas for Populous, said, “Cary is a proven leader in real estate strategy, urban land use and development.
“Cary’s ability to translate vision into economically viable, community-focused districts makes him the ideal leader for our new offering. We’re thrilled to welcome Cary to Populous.”
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