Rudin Management owns and oversees 35 properties in New York City, including residential and commercial buildings and nine self-managed valet parking facilities that serve various Rudin buildings. Rudin Management engaged Walker to assess their operations and, based on Walker’s recommendations, decided to contract a third-party parking management company to run the garages under a parking management agreement.
“Walker Consultants has been a tremendous resource for us. After 40 years of managing our garages in-house,
Walker helped us assess our current parking operations
and put together a plan for the future.”
-Michael Rudin, Executive Vice President, Rudin Management
To start the process, Walker assisted Rudin Management in drafting and administering the RFP. Walker then facilitated a virtual pre-proposal conference with participants from local and regional parking operators.
Walker then guided Rudin to evaluate RFP responses, including developing an RFP response scoring sheet to aid Rudin in selecting a cost-effective, qualified, and committed parking operator.
Walker’s significant NYC market experience and analysis of RFP responses provided clarity as to:
- Potential deal structures
- Market operating costs and management fees
- Risk management
- Relative strengths and weaknesses of operators and proposals
- Operating plans and financial offers