MEC Development Management Services retained

LAKE OZARK, MISSOURI - (May 1, 2007) - McClure Engineering Company (MEC) of Lake Ozark, Missouri has been retained for one of the largest commercial and residential projects in the Lake of the Ozarks since the development of Porto Cima and the Villages on Shawnee Bend. 

This approximate 800 acre development being undertaken by four separate developers is the largest ever to occur in the City of Lake Ozark.

Horseshoe Bend Development Group (HBDG) is underway with the anchor 470 acre master planned mixed-use development that includes the construction of a two mile four-lane divided roadway that will connect Horseshoe Bend Parkway with US Highway 54. This $17 million extension of Horseshoe Bend Parkway combined with other new arterial road systems mean that infrastructure expenditures are projected to exceed $130 million. Adjacent to the HBDG development are the Silver Star (180 acres - commercial/tourism), the Briscoe Group (120 acres - commercial) and the Baymont Properties (20 acres - commercial) projects. "Although these four projects are independent from one another, MEC is providing critical services by coordinating infrastructure design and development oversight," said Bill Kuhlow, President, Cody Road Development, a partner in HBDG, and a development consultant to Silver Star.

It is expected that an additional $1 billion in private commercial, residential and tourism development will occur as a result of the new Lake Ozark city infrastructure. A projected 4,000 new jobs associated with the new businesses coming in over the next 5 to 7 years will continue to keep the community of Lake Ozark at the top of the list of the fastest growing cities in the tri-county Lake of the Ozarks area.

MEC Development Management Services is providing financial planning and marketing consulting to several of the developers. MEC assistance was critical to CORMAC Company’s decision to build a 121 acre multi-phased mixed use Retail Center to the HBDG’s Master Planned Community.

CORMAC Company (www.cormaccompany.com) is a diversified, commercial real estate company with offices in Omaha and Kansas City that specializes in the development of land, shopping centers, multifamily and single family projects. With decades of experience in real estate development, the principals of CORMAC have completed numerous projects in the Midwest and Southwest.

A sampling of their projects includes the following:

Corbin Park (Overland Park, KS)….... 1.1 million sq ft Retail, Office & Entertainment
Shops at Forest Trace (Aurora, CO)…. 339,500 sq ft Retail & Entertainment
Shops at Legacy (Omaha, NE)………. 300,000 sq ft Junior Anchored Center
Stateline Station (Kansas City, MO).... 925,000 sq ft Retail Center

The current timing of CORMAC's development calls for approximately 400,000 sq ft of new retail to open along Horseshoe Bend Parkway in 2009. Anchor tenants will be announced upon receiving their commitment which should be in the near future.

MEC Development Management Services is also currently a part of the Bagnell Dam Strip Association - Steering Committee.  The mission of this new entity is to facilitate economic, cultural and educational opportunities in the historic business district through design and preservation guidelines, organization of the revitalization process, business promotion and economic restructuring.

"By strengthening this district’s existing economic base while finding ways to expand for new opportunities and challenges, the economic restructuring will help local citizens and bring new business growth and visitors to the area, " says Jeff Segin, Director of Client Relations, MEC.

MEC Development Management Services is also currently a part of the Bagnell Dam Strip Development Association.  This new entity is to facilitate economic, cultural and educational opportunities in the historic business district through design and preservation guidelines, organization of the revitalization process, business promotion and economic restructuring.

Building Strong Communities since 1956, MEC offers civil engineering and consulting services, including water environment, transportation, aviation, land development, bio-fuels, surveying/mapping, funding and design/building services.

The company is headquartered in Fort Dodge, Iowa, and currently has locations in Johnston, Iowa, and North Liberty, Iowa as well as Casa Grande, Arizona and Lake Ozark, Missouri. For more information and to view current job openings, visit www.mecresults.com or call (573) 964-5908.