Your part · Owner / Developer
NowApprove $425K — Dallas chillerHighest risk item in the portfolio. 82% chance of failure within 12 months.
This weekApprove $310K — Phoenix roofNorth wing roof is 17 years old and leaking at two seams.
Capital plan
Where the money goes for the next five years.
$3.2M planned across 9 buildings. Every line is ranked by risk, so the first dollar always goes to the thing most likely to fail.
Planned spend
$3.2M
2027 – 2031
Emergencies avoided
$4.0M
if funded on schedule
Funded now
$1.0M
2027 approved
Before the warranty runs out
Fort Point Mills · Chiller 1
Arrange a service check before Dec 15 and confirm any covered repairs with the supplier.
Responsible: Dana Reed · Warranty ends 2026-12-15
Gulch Yard 12 · Roof — main
Have the roofer check the repaired seams before the warranty ends on Mar 31, 2027.
Responsible: T. Brooks · Warranty ends 2027-03-31
2027
$1.0M planned · $1.9M in emergencies avoided
Dallas · Meridian One
Chiller Plant A replacementDo now
High risk
$425K
Phoenix · Riverside Tower
North wing roof replacementDo now
High risk
$310K
Chicago · Wacker Exchange
Boiler burner overhaulThis year
Medium risk
$65K
Phoenix · Riverside Tower
Cooling tower leak repairThis year
Medium risk
$14K
2028
$770K planned · $1.2M in emergencies avoided
Chicago · Wacker Exchange
AHU units 1–4 replacementPlanned
High risk
$540K
Dallas · Meridian One
Cooling tower basin rebuildPlanned
Medium risk
$88K
Chicago · Wacker Exchange
Parking deck sealantPlanned
Medium risk
$180K
2029–2031
$1.4M planned · $900K in emergencies avoided
Dallas · Meridian One
Main roof recoatWait
Medium risk
$210K
Atlanta · Peachtree Center
Elevator modernizationWait
Low risk
$620K
Portfolio
Controls upgrade — 4 sitesWait
Low risk
$570K
Important documents · Capital plan
Board decks, reserve studies, pricing and insurance records.
PDFBoardOpen →
2027 capital budget board deck.pdf
Owner · Meridian Capital · Aug 2026
PDFReserveOpen →
Reserve study 2025.pdf
Consultant · Kahn · Dec 2025
XLSXPricingOpen →
Vendor pricing — chillers.xlsx
PM · R. Alvarez · Aug 2026
PDFInsuranceOpen →
Insurance loss runs.pdf
Owner · risk team · Jun 2026