Prado Group Welcomes Allie Stein as Director of Development & Special Projects

Stein to drive execution of the company's development and value-add redevelopment strategies

SAN FRANCISCO--(BUSINESS WIRE)--Prado Group (Prado), a privately held real estate investment and development management company, announced the appointment of Allie Stein as Director of Development & Special Projects.

Stein brings over a decade of successful real estate investment and development experience to Prado’s growing portfolio in San Francisco, the Bay Area, Orange County, Seattle and Denver. As Director of Development & Special Projects, Stein will play a pivotal role in shaping and optimizing Prado's development and value-add redevelopment strategies. Stein will also help spearhead Prado’s 10.3 acre mixed-use residential project at 3333 California Street in San Francisco.

Before joining Prado, Stein’s impressive track record included overseeing the acquisition, entitlement, design, and capitalization of several projects, most recently as a Director at Hines. While at Hines, Stein skillfully identified and underwrote development prospects and coordinated internal and external teams conducting comprehensive research on zoning regulations, revenue forecasts, cost evaluations, and overall market dynamics. These efforts were pivotal in assessing and driving the feasibility and underwriting of prospective opportunities in the Bay Area.

Stein’s most notable projects include The Village at Corte Madera, a 300-unit, $400MM retail development, and Transbay Block 4, a 680-unit, $900MM mixed-income, high-rise residential project that includes the highest percentage of on-site affordable housing for a mixed income property in San Francisco.

Stein also demonstrated her multifaceted industry expertise by spearheading the attainable housing strategy for Hines West Region while actively sourcing and underwriting new development opportunities.

In her previous role at BRIDGE Housing Corporation, Stein oversaw entitlement, capitalization, design, construction, and leasing of affordable housing projects, including complex public-private capitalization consisting of low-income housing tax credits, tax-exempt bonds, and other public financing. Notable among these projects were Mission Bay South Block 9 in San Francisco, a 4-story, $85MM modular project with 141 units of permanent supportive housing, and Montara in San Mateo, a 4-story, $60MM development with 68 units (10 units of which are for formerly homeless veterans). Other projects include One Church Street in San Francisco and the Centertown Apartments in San Rafael.

“I find great inspiration in Prado's steadfast commitment to building the highest quality vibrant spaces," said Stein. "In my new capacity, I intend to further its mission, leveraging my experience to create lasting, valuable developments that excite and inspire the power of human potential.”

“We are thrilled to welcome Allie to the team," said Dan Safier, Prado’s CEO. “With our consistent growth, steadfast partners, and promising opportunities on the horizon, Allie’s skills could not have come at a better time. We know she will successfully spearhead and scale our development and redevelopment strategies while thoughtfully crafting the most highly sought after properties. Her impressive background, expertise, and well-earned reputation will prove invaluable to our company and the communities we serve.”

For more information about Prado, visit PradoGroup.com.

About Prado Group

Prado Group is a privately held real estate development and investment management company with a primary focus on residential, retail, and mixed-use properties. The company seeks in-fill, supply-constrained, innovation markets with high barriers to entry primarily in the Western Region. Prado Group's goal is Positive Evolution: to enhance the communities we work in by creating high-quality, sustainable environments for people to live, work, shop, and relax. In each of our projects, our team seeks to create quality environments that will serve and inspire future generations. Prado Group pursues asset strategies that create sustainable value through asset management, development, repositioning, and property enhancement. For more, visit PradoGroup.com.