FOLK ARTS CULTURAL TREASURES Charter School, Philadelphia

AthenianRazak created a clear real estate strategy to help FACTS Charter, the highest achieving K-8 school in the region, remain financially sustainable. The strategy identified criteria for FACT’s location, settled on key sites, and set negotiating strategies. We accomplished this by first understanding the nuanced goals of FACTS’ stakeholders with respect to location and their educational priorities, and helping them establish criteria to achieve those goals. With FACTS and their design and construction partners, we developed prototypical options for location/construction, identified specific Philadelphia sites which could accommodate these prototypes, outlined size, cost, and financing for each, and compared the sites’ financial feasibility to FACTS qualitative goals to reach a clear prioritization.

For this work, AthenianRazak’s development expertise was augmented by our in-depth understanding of the charter approval and funding system processes, which helps our team create workable schedules and deliverables. Real estate negotiations are in progress.