M&S Development

M&S Development: Empowering Community Revitalization

Contact Us: 802-246-2100

M&S Development

Bob Stevens and Craig Miskovich formed M&S Development in 2014 to assist clients developing projects with social and economic benefits in economically distressed communities. As professionals in the related fields of law, engineering, architecture, and planning, M&S brings unique perspectives as well as experience with complex, multifaceted projects.

Empowering Community Revitalization

M&S Development: Community Park Development Kick-off EventRevitalizing prominent downtown buildings acts as a catalytic shot in the arm to the community. It provides an influx of energy and activity, raises property values, and reverses cycles of decline into those of increasing prosperity and energy. Enabling major local job providers to expand their facilities can also play a critical role in preserving the economic vibrancy of a community.

However, all too often when developing projects in economically challenged communities, the cost far exceeds the amount of borrowed funds available for the project. Local rents will not support a “typical” return on equity for these risks. When redevelopment is not economically viable by conventional methods, something is needed to bridge the gap.

M&S Development: Funding ExampleHow Do You Approach Projects that Don’t Pencil Out?

There is a model of community-enabled development that combines community investment with a mix of federal tax credits and state support that has been successful in revitalizing downtowns. The funding is a complex, multi-layered combination of historic and New Markets Tax Credits, state support, public loans, and private investment: civic-minded investment for the community’s benefit.

By integrating several types of services and expertise, M&S Development is able to strategically navigate this highly complicated process. They excel at managing risk by negotiating the many moving parts throughout the life cycle of a project.

M&S Development Principals

M&S Development: Craig Miskovich
Craig Miskovich

Craig Miskovich, Esq.

  • Harvard College, University of Connecticut School of Law
  • Prior work: Bingham McCutchen LLP (Boston), Banking and Leveraged Finance
  • In-depth understanding of New Markets Tax Credit financing: dozens of NMTC deals across the country

Email Craig

 

M&S Development: Bob Stevens
Bob Stevens

Bob Stevens, P.E., LEED AP, CNU

  • Professional engineer, 25+ years of experience leading teams
  • Founder/president of Stevens & Associates, PC: architecture, landscape architecture, civil and structural engineering
  • Experience: design, planning, urban design, public bond campaigns, project finance & development
  • Well-versed in sustainable design, traditional design, historic preservation
  • Work and community support recognized with numerous awards

Email Bob

Contact Bob or Craig at 802-246-2100.

Projects

M&S Development has several projects in process and a number lined up for predevelopment services. Here are just a few:

M&S Development: The Brooks HouseBrooks House
Location: Downtown Brattleboro, VT
Cost: $23.6 million
Size: 80,000 SF
Type: Mixed-use
Status: Completed 2014
More about this project.

 

M&S Development: GS PrecisionGS Precision Expansion
Location: Brattleboro, VT
Cost: $17.4 million
Size: 122,000 SF
Type: Manufacturing facility
Status: In construction
More about this project.

 

M&S Development: Chroma TechnologyChroma Technology Expansion
Location: Bellows Falls, VT
Cost: $21.4 million
Size: 72,000 SF
Type: Manufacturing facility
Status: Predevelopment
More about this project.

 

M&S Development: Putney Block Redevelopment, Bennington, VTPutnam Block Redevelopment
Location: Bennington, VT
Cost: $60 million
Size: 205,000 SF
Type: Mixed-use
Status: Predeveloment
More about this project.

 

Speaking Engagements

Learn more by attending one of the many conferences and events where Bob and Craig speak about the work they do and how it can help community and business projects.

2017

  • National Main Street Center, Pittsburg, PA May (More – access code mainstreet17)
  • LOCUS National Summit, Washington DC April (More)
  • CNU New England Annual Summit, District Hall, Boston, MA March (More)
  • Vermont League of Cities & Towns, Montpelier, VT March (More)

2016

  • Vermont Regional Development Corporation, Montpelier, VT December
  • Vermont Development Conference, Burlington, VT November (More)
  • University of Vermont, Faculty and Graduate Students, Historic Preservation Program, Brattleboro, VT November
  • Vermont Community Development Association, Castleton University, Castleton, VT October (More)
  • DevelopSpringfield, Springfield, MA September (About the event)

 

Contact Us

Contact us to learn more about how we can help your community or business: 802-246-2100 or email us.