PROFILE

nedwilmot.com

Professional Profile:

Ned Wilmot's career spans 30 years as a developer, and investment advisor with noted involvement in some of the most innovative and successful mixed-use commercial and community development projects in the U.S. His professional work started with Shell Oil real estate site acquisition in 1959 after a military career as an infantry commander with NATO. He joined James Rouse as a protégé in the mid-nineteen sixties pioneering the new town of Columbia, Maryland.

Wilmot headed the community development team that produced the Village of Cross Keys, Baltimore, Maryland, and the Cross Keys Inn. This award-winning comprehensive mixed-use community development preceded the new town of Columbia. The project involved the planning, design and development of the historic Baltimore Country Club golf course.

As senior vice-president for Rouse, he headed community development, hotel development, and retail development teams that pioneered people-scaled and humanized enclosed mall and specialty retail centers. Wilmot went on to participate in the early conceptualizing of highly specialized urban anchorless retail centers that have come to be known as festival markets. These urban redevelopment projects were pioneered by The Rouse Company in the early 1970's with Faneuil Hall Marketplace setting the standard for subsequent centers on the waterfront in Baltimore, New York City, Miami and the Union Terminal in St. Louis. The projects are characterized and distinguished by inordinately high standards of design and quality of tenant mix in shops and restaurants.

In 1973 Wilmot contracted with Federated Department Stores (Bloomingdale's, 1. Magnin, Bullocks, Macy's, Rich's, Abraham and Straus and Burdines) to establish and staff a development company to conceive and create a higher design quality of regional shopping places throughout the U.S. The properties featured Federated Department Store units in centers that would set new standards of excellence for design and merchandising. That company today is JMB/Urban in Chicago.

Ned Wilmot relocated to Los Angeles in 1980 to work with partners Sheldon Gordon and A. Alfred Taubman to produce a bold new urban retail concept, Beverly Center.

In 1984 he joined with Peter Aldrich in Boston as a principal partner in Aldrich, Eastman and Waltch (AEW), providing investment advisory guidance for direct investments in selective regional retail centers for General Motors, AT&T, Harvard University Endowment Fund, and other prestigious separate account clients. In a three-year period over $850,000,000 was invested in the acquisition of 20 top retail centers, including the major renovation and expansion of Tyson's Corner center in McLean, Virginia.

Wilmot returned to California in 1987 as a developer to provide the planning and development management services for a $750,000,000 waterfront mixed-use project at the 250-acre Long Beach Queen Mary site. The Walt Disney Company subsequently acquired this property, and later announced plans to drop the project in favor of Disney's Anaheim expansion.

Most recently Mr. Wilmot has been involved in the development of a 550,000 square foot Target anchored power center in Palm Desert, California: an upscale specialty retail and restaurant Saks Fifth Avenue Center on El Paseo in Palm Desert- a waterfront specialty retail restaurant and entertainment center on Monterey Bay, Cannery Row Marketplace@ and an adaptive reuse of a National Historic Trust building in downtown San Diego from office to luxury hotel.

The following list details major retail and mixed-use/hotel projects in which Ned Wilmot played a significant or lead development role:

Willowbrook Mall The Rouse Company	1,500,000 square foot super regional anchored by Sears Roebuck, Bambergers, Sterns and Ohrbachs located in Wayne, New Jersey. Directed overall development team from beginning to end.
Village of Cross Keys The Rouse Company	800,000 square foot mixed-use development which included a luxury hotel, retail, office and residential components located on the Baltimore Country Club grounds.
Faneuil Hall Marketplace The Rouse Company	240,000 square foot specialty urban retail project located in Boston. Conceptual planning only.
Paramus Park Mall The Rouse Company	850,000 square foot regional mall anchored by Abraham & Strauss and Sears Roebuck located in Paramus, New Jersey. Senior role only, Project Director reported to Wilmot.
Greenspoint Mall Federated Department Stores	1,600,000 square foot super regional anchored by Sears Roebuck, Foleys, Joske's, J. C. Penney, Montgomery Ward and Lord & Taylor located in Houston, Texas. Directed development team.
Riverside Square Federated Department Stores	650,000 square foot upscale regional center anchored by Bloomingdales and Saks Fifth Avenue located in Bergen County, New Jersey. Directed development team.
Boca Raton Town Center Federated Department Stores	1,300,000 square foot super regional mall and mixed use commercial anchored by Saks Fifth Avenue, Lord & Taylor, Bloomingdale's, Burdines and Jordan Marsh located in Boca Raton, Florida. Senior Director of development team; all aspects of project.
MainPlace Santa Ana, California Federated Department Stores	1,000,000 square foot super regional anchored by Bullocks, May Co., J.W. Robinsons and Nordstrom. Led development efforts from 1976 to 1980. Conceptualized early program. Hired Jon Jerde and brought Henry Segerstrom in as partner.
Beverly Center Los Angeles, California Sheldon Gordon A. Alfred Taubman Project	875,000 square foot regional mall anchored by Broadway and Bullocks. Participated early in process as President of Federated Realty - subsequently as Sheldon Gordon's partner, participated on development team.
Taubman Portfolio AEW Advisors	Co-sponsored with Joseph Azrack, now Chairman AEW Advisors in Boston, a $650-million investment by General Motors and AT&T in A. Alfred Taubman's regional centers across the U.S. 1985-86.
Tyson's Corner Virginia AEW Advisors	1,900,000 square foot super regional center anchored by Bloomingdale's, Hechts, Lord & Taylor, Nordstrom, and Woodward and Lothrop, located in McLean, Virgina, 1985. Acquired property for General Motors. Major renovation and expansion, adding Nordstrom and a second level to a one-level center.
Queen Mary Long Beach, California Wrather Company	$380,000,000 proposed mixed-use development to include office, hotel, retail and entertainment. Served as development consultant to Wrather Corporation. Disney acquired site and Wrather in 1989.
Universal CityWalk Los Angeles	Served on advisory brainstorming group put together by MCA/ Universal. 1989.
Desert Crossing Palm Desert, California	Wilmot Development performed complete programming, entitlements, design and leasing of a 550,000 square foot power center anchored by Target, Marshall's, T.J. Maxx, Circuit City, Bed Bath and Beyond, etc. Lack of financing in 1994 led to Ahmanson (the land owner) building out project.
Via Paseo Palm Desert, California	A 180,000 square foot upscale collection of shops and restaurants. Lack of financing in 1995 caused loss of contract with Ahmanson