Reason #2
A SOLID DEVELOPER
In this recovering market, developer credibility is vital. Buyers need to know that they are dealing with someone who is secure, and can deliver what they promise.
The new developer for One Lexington has a solid track record of achievement, and is financially stable.
"Macdonald Development Corporation has been a valued customer of our bank for over 25 years. They have always lived up to their commitments and we consider them to be one of our core developer clients. They are financially sound and professionally capable."
– Tom Laing Vice President, Royal Bank of Canada
Robert Macdonald
The president of Macdonald Development Corporation and principal of the One Lexington development is Robert Macdonald, from Vancouver, B.C. At home, he is regarded as a true visionary, and a highly socially responsible real estate developer. Mr. Macdonald has completed an enormous number of visible and successful projects, in cities as diverse as Atlanta, Seattle, Edmonton, Calgary, and Toronto. Macdonald Development Corporation is an early pioneer of profitable, mutually beneficial public/private development partnerships, and Robert Macdonald consults on a pro bono-basis for several non-profit societies and organizations on real estate matters.
Macdonald Development Corporation is closely focused on the heritage, environmental well-being, and human experience of the places that it creates. At the same time, economic fundamentals must always be in place – Macdonald projects must always be thriving and profitable.
Of all the real estate available in Phoenix today, Mr. Macdonald was drawn most strongly to One Lexington. This was the project that the company saw as the most solid proposition – and by far the most compelling value.
"Macdonald Development Corporation has been an excellent corporate citizen in the City of Atlanta for 20 years. Their ethical business dealings in the ownership and redevelopment of over 3500 apartment suites, along with their corporate philanthropy, are much appreciated in this community."
- Robert Johnston, Past President, National Apartment Owners Association President, Atlanta Apartment Association
"Rob Macdonald has been instrumental in providing the Vancouver Coast Mental Health Society with key advice in providing housing for those most in need. His extraordinary vision has been invaluable to our Society."
- Winton Derby, Chairman Vancouver Coast Mental Heath Society
Rob Hubbard
Rob Hubbard is a partner in Lexington Avenue LLP. He holds a primary role with the company, identifying commercial properties for purchase or development on the West Coast of the United States.
In addition to his partnership in Lexington Avenue LLP, Mr. Hubbard is the president and director of Comcore Properties, Inc. (based in Issaquah, Washington) and has more than 30 years of experience in real estate development. Mr Hubbard has worked with some of the most established professionals in the industry on projects in Vancouver, Atlanta and throughout Washington State, where he lives with his wife and three children. When he is at home, he loves to spend time with his family, out jogging, and on the water sailing.
Mr. Hubbard has worked in partnership with Macdonald Development Corporation since 1988, and has successfully completed many projects with the company, including projects in Seattle, Sacramento, CA and Vancouver, B.C.
His expertise has been crucial in determining the true value of One Lexington. He emphatically endorsed a move to acquire the building, citing it as a Phoenix development project with incredibly strong fundamentals.
