Centennial Speaker Series: Larry Kelley, Feb. 24, 2014
The Face of Sacramento: A Future of Possibilities
In our 100th year as a club, we take time out to look at the future. Our speaker, Larry Kelley has been tasked with sharing his vision of Sacramento 5, 10 and 15 years out; and expressing his opinion on what we have to do to get there.
Please invite your business associates and future leaders to join us for the discussion on our future. Larry Kelley is an active real estate developer and investor, with properties in Northern California and Texas. He is President and a Managing Member of McClellan Park, LLC, the development group responsible for converting McClellan Air Force Base into a 3,000-acre business park. Investments and operating companies focus on opportunistic real estate opportunities in land, industrial, and office buildings, and apartments. His entities control over 8,900,000 square feet of buildings and 800 acres of developable land.
Mr. Kelley is also President and Managing Member of Stanford Ranch I, LLC, a 4,000-acre master planned community in Rocklin, CA featuring 8,000 homes and approximately over 500 acres of land dedicated to retail, office and industrial use.
Bringing a vast array of experience in large-scale development, Mr. Kelley oversaw the entitlement and development of Stanford Ranch, which included developing and implementing a long-term phasing plan flexible enough to meet the needs of a changing economic environment over several economic cycles. In addition, Mr. Kelley and his team worked with the County of Sacramento to develop the vision for McClellan Park. When most business and political leaders in the region felt the base closure spelled certain economic collapse for northern Sacramento County, Mr. Kelley saw the opportunity to convert the base into a first class multi-faceted business park. This was accomplished by a combination of adaptive reuse of selected existing facilities and developing new buildings as needs required. As the vision for the project has been implemented, it has surpassed the number of jobs housed at the time of closure and will be a major economic engine for the County of Sacramento well into the future.
Currently he is on a short list of companies to acquire the former Union Pacific Rail Yards from Inland Real Estate. Located between downtown and Richards Blvd, the area is America’s largest infill potential development, and provides an opportunity to shape the future of the community. Mr. Kelley is also one of the local partners in the ownership group that has acquired the Sacramento Kings, and is in the process of seeking to open a new arena on L Street in downtown Sacramento. As part of the proposal, adjacent real estate development would cast a new look and feel on the central city.
In addition to Mr. Kelley’s role in Stanford Ranch and McClellan Business Park, his forty years of experience include more than 20 master planned communities in Florida, Texas, New Jersey, Maryland, Virginia, Tennessee, Illinois, Minnesota, Nevada, Arizona and California.
He is currently active in numerous charities and associations: Member of the National Association of Industrial and Office Parks, Member of ACRE, Association of Commercial Real Estate, Member of Advisory Board of U.S. Bank, Member of Board of Directors of the Aerospace Museum of California, Past chairman of the Sacramento Council of the Urban Land Institute, Past President of the Building Industry Association of Superior California, Past Director of the Placer County Child Abuse Prevention Council, and an investor in the Sacramento Kings.
Mr. Kelley holds a BS in Industrial Engineering from Texas A&M University, and a Masters in Business Administration from Harvard Business School.