Post on 07-Apr-2018
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CommunityPresentationCommunityPresentationJune7June7thth,2011,2011
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ClarendonParkImprovementsClarendonParkImprovements
ParkingImprovementsParkingImprovements
NeighborhoodGrowthNeighborhoodGrowth
JobCreationJobCreation
OtherGeneralCommunityBenefitsOtherGeneralCommunityBenefits
CommunityBenefitsCommunityBenefits
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ClarendonParkImprovementsClarendonParkImprovementsNewandimprovedreNewandimprovedregrading/surfacingofoutdoorgrading/surfacingofoutdoor
playingfieldsplayingfields
AdditionoflightingfornightgamesAdditionoflightingfornightgames
Tenniscourt(s)Tenniscourt(s)
TrackandFieldareaTrackandFieldarea
CommunityBenefitsCommunityBenefits
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ParkingImprovementsParkingImprovementsNewparkingfacilitywithaminimumof125parkingNewparkingfacilitywithaminimumof125parking
spaces,availableforcommunityuseforFREEspaces,availableforcommunityuseforFREE
overnightparkingovernightparking
UntilthedevelopmentoftheparceloflandontheUntilthedevelopmentoftheparceloflandonthe
northsideofnorthsideofAgatiteAgatite,theoriginalparkinglotwill,theoriginalparkinglotwill
continuetobeavailableforcommunityparkingcontinuetobeavailableforcommunityparking
CommunityBenefitsCommunityBenefits
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NeighborhoodGrowthNeighborhoodGrowthIsexpectedtogenerateapproximately$350,000Isexpectedtogenerateapproximately$350,000$450,000inannualCitysalestaxandutilitytax$450,000inannualCitysalestaxandutilitytaxrevenuerevenue
IncreasedfoottrafficandresidentstocreateIncreasedfoottrafficandresidentstocreateImprovedsafetyinthe23rdDistrictImprovedsafetyinthe23rdDistrict
WillstimulateprivateinvestmentWillstimulateprivateinvestment
WillencourageproductiveuseofunderutilizedandWillencourageproductiveuseofunderutilizedandvacantNONTAXED propertyvacantNONTAXED property
CommunityBenefitsCommunityBenefits
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JobCreationJobCreationThedevelopmentwillcreateapproximately1,500fullThedevelopmentwillcreateapproximately1,500full
timeconstructionjobstimeconstructionjobs
Uponcompletion,willprovideforapproximately140Uponcompletion,willprovideforapproximately140
fullfulltimeretailpositionstimeretailpositions
WillencouragefurtherneighborhooddevelopmentWillencouragefurtherneighborhooddevelopmentwhich,inturn,willcreatemorepotentialjobwhich,inturn,willcreatemorepotentialjob
opportunitiesforcommunitymembersopportunitiesforcommunitymembers
CommunityBenefitsCommunityBenefits
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OtherCommunityBenefitsOtherCommunityBenefits
PlannednewfullsizegrocerystorePlannednewfullsizegrocerystoreNewfullsizehealthclubplannedNewfullsizehealthclubplanned
NewrestaurantsandotherentertainmentandretailNewrestaurantsandotherentertainmentandretailopportunitiesopportunities
PlansforPlansforigoigo carsharing/ZipCarorothershorttermcarsharing/ZipCarorothershorttermcarrentalcarrental
PlansforelectriccarportsandhookPlansforelectriccarportsandhookupsups
GrandandarchitecturallysignificantgatewayGrandandarchitecturallysignificantgateway
developmentNewandimprovedstreetlandscapingdevelopmentNewandimprovedstreetlandscapingatprojectperimeteratprojectperimeter
StreetandtrafficlightimprovementsfundedbyStreetandtrafficlightimprovementsfundedbydeveloperdeveloper
CommunityBenefitsCommunityBenefits
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TotalProjectCostofapproximately$350millionforallTotalProjectCostofapproximately$350millionforallPhasesPhases
PhaseI:NWCMontroseandClarendon:MainPhaseI:NWCMontroseandClarendon:MainDevelopmentSiteDevelopmentSite
120,000sq.ft.retail120,000sq.ft.retail
AnchorTenants:FullSizeGrocer&FullServiceAnchorTenants:FullSizeGrocer&FullService
Health
Club
Health
Club
ParkingtosupportRetailParkingtosupportRetail
125Freeovernightspacesforcommunity125Freeovernightspacesforcommunity
PhaseII:NECMontroseandClarendon:EasternPhaseII:NECMontroseandClarendon:Eastern
DevelopmentSiteDevelopmentSite150luxuryresidentialunits150luxuryresidentialunits
BuildingHeight:230BuildingHeight:230
20,000
sq.
ft.
retail
space20,000
sq.
ft.
retail
spaceParkingParking
ProgramOverviewProgramOverview
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PhaseIII:NWCMontroseandClarendon:MainPhaseIII:NWCMontroseandClarendon:MainDevelopmentSiteDevelopmentSite
248residentialunits248residentialunits
BuildingHeight:407BuildingHeight:407
ParkingParking
PhaseIV:NWCMontroseandClarendon:MainPhaseIV:NWCMontroseandClarendon:Main
DevelopmentSiteDevelopmentSite402Residentialandhotelunits402Residentialandhotelunits
BuildingHeight:498BuildingHeight:498
ParkingParking
PhaseV:NWCofClarendonandPhaseV:NWCofClarendonandAgatiteAgatite:Northern:NorthernDevelopmentsiteDevelopmentsite
100residentialunits100residentialunits
BuildingHeight:140BuildingHeight:140ParkinParkin
ProgramOverviewProgramOverview
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ProgramOverviewProgramOverview
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SpecificCommunityConcernsSpecificCommunityConcernsAddressedAddressed
TrafficTraffic
LoadingLoading
TowerDesignTowerDesign
SetbacksSetbacks
AgatiteAgatite StreetscapeStreetscape
DensityDensity
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SpecificCommunityConcernsSpecificCommunityConcernsAddressedAddressed
TrafficTraffic
ProfessionalStudyConductedinAccordancewithCDOTProfessionalStudyConductedinAccordancewithCDOTstandardsandspecificdirectionstandardsandspecificdirection
StudyareaandtimeperiodsweredeterminedbasedonStudyareaandtimeperiodsweredeterminedbasedondirectionfromCDOTdirectionfromCDOT
StudyAreaincludes11intersectionsStudyAreaincludes11intersections
Analyzedweekdaymorning,eveningandSaturdaymiddayAnalyzedweekdaymorning,eveningandSaturdaymiddaypeakhoursinlateJuneonclearandsunnydayspeakhoursinlateJuneonclearandsunnydays
StudycontemplatedexistingtrafficwithWilsonYardandStudycontemplatedexistingtrafficwithWilsonYardandfutureconditionsfutureconditions
StudywasconductedwithouroldhigherdensityplanStudywasconductedwithouroldhigherdensityplanStudyshowedthatexistinglevelsofservicewasgenerallyStudyshowedthatexistinglevelsofservicewasgenerallymaintainedmaintained
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SpecificCommunityConcernsSpecificCommunityConcernsAddressedAddressed
TrafficStudyAreaTrafficStudyArea
1.1. MarineDr/LSDSBRampandMontroseMarineDr/LSDSBRampandMontrose2.2. ClarendonandMontroseClarendonandMontrose
3.3. HazelandMontroseHazelandMontrose
4.4. SheridanandMontroseSheridanandMontrose
5.5. BroadwayandMontroseBroadwayandMontrose6.6. SheridanandBroadwaySheridanandBroadway
7.7. SheridanandWilsonSheridanandWilson
8.8. ClarendonandWilsonClarendonandWilson
9.9. BuenaandClarendonBuena
and
Clarendon10.10. AgatiteAgatite andClarendonandClarendon
11.11. SunnysideandClarendonSunnysideandClarendon
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SpecificCommunityConcernsSpecificCommunityConcernsAddressedAddressed
PlannedTrafficImprovementsPlannedTrafficImprovements
IntersectionatClarendonandMontroseIntersectionatClarendonandMontrose Stripeleftturnlaneswith50Stripeleftturnlaneswith50 ofstorageatallfourofstorageatallfour
intersectionsintersections
Signal
will
be
modified
to
include
Signal
will
be
modified
to
include
protected/permissiveleftturnphasingprotected/permissiveleftturnphasing
ClarendonAvenuewillbeprovidedwithacenterClarendonAvenuewillbeprovidedwithacenter
turnlaneforleftturnsintothedevelopmentturnlaneforleftturnsintothedevelopment
MarineDrive/LSDonrampatMontroseMarineDrive/LSDonrampatMontrose
ModifySignaltimingsModifySignaltimings
ExtendwestboundleftturnlaneviastripingExtendwestboundleftturnlaneviastriping
CreateeastboundrightturnlaneCreateeastboundrightturnlane
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SpecificCommunityConcernsSpecificCommunityConcernsAddressedAddressed
LoadingLoading Alley no longer connects toAlley no longer connects to AgatiteAgatite
Cars/Delivery trucks no longer exit ontoCars/Delivery trucks no longer exit onto AgatiteAgatite
Western Alley widened to 30+Western Alley widened to 30+ to accommodateto accommodate
loading and access to existing garagesloading and access to existing garages
Current
Alley
is
officially
16Current
Alley
is
officially
16 widewideOriginalplanincreasedthewidthto20Originalplanincreasedthewidthto20 widewide
Currentplanincreasesthewidthto30Currentplanincreasesthewidthto30 plusatmostareasplusatmostareas
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LoadingLoading
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SpecificCommunityConcernsSpecificCommunityConcernsAddressedAddressed
TowerDesignandSetbacksTowerDesignandSetbacks Tower alongTower along AgatiteAgatite shortened in length from 154shortened in length from 154 to 134to 134
Tower alongTower along AgatiteAgatite reduced so it does not extend in frontreduced so it does not extend in frontof existing residential buildingsof existing residential buildings
Setbacks increased at the project perimeterSetbacks increased at the project perimeter
ThetowershavebeendesignedwithupperlevelsetbackssotheyThetowershavebeendesignedwithupperlevelsetbackssotheyarearenarrowerastheyaretallerinheightnarrowerastheyaretallerinheight
SetbackonMontroseincreasedtoprovideawidersidewalkSetbackonMontroseincreasedtoprovideawidersidewalk
SetbackalongwesternpropertylineincreasedSetbackalongwesternpropertylineincreased
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SpecificCommunityConcernsSpecificCommunityConcernsAddressedAddressed
AgatiteAgatite StreetscapeStreetscape
ThebaseofthebuildingalongThebaseofthebuildingalongAgatiteAgatite oppositetheexistingoppositetheexisting
residentialbuildingshasbeenredesignedtoalignwithresidentialbuildingshasbeenredesignedtoalignwith
adjacentcorniceheightsadjacentcorniceheights
Originaldesignallowedfor85Originaldesignallowedfor85 maxheightalongmaxheightalongAgatiteAgatite
Originaldesignhada55Originaldesignhada55 corniceheightforresidentialunitscorniceheightforresidentialunits
alongwesternportionofalongwesternportionofAgatiteAgatite
Now:Wehavereducedtheheightto38Now:Wehavereducedtheheightto38 forretailusealongforretailusealong
thewesternportionofthewesternportionofAgatiteAgatite withtiereddesignwithtiereddesign
TheTheAgatiteAgatite facadetransitionsfromcommercialtoresidentialfacadetransitionsfromcommercialtoresidentialdesignelementsandmassingdesignelementsandmassing
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AgatiteAgatite StreetscapeStreetscape
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AgatiteAgatite StreetscapeStreetscape
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SpecificCommunityConcernsSpecificCommunityConcernsAddressedAddressed
DensityDensityTheoverallsizeofthedevelopmenthasbeenTheoverallsizeofthedevelopmenthasbeen
reducedsignificantlyfromtheoriginaldesignreducedsignificantlyfromtheoriginaldesign
Originalplans:1,454,825sq.ft.(Per5.0FAR)Originalplans:1,454,825sq.ft.(Per5.0FAR)
OriginalPDsubmission:1,398,680sq.ft.OriginalPDsubmission:1,398,680sq.ft.Currentdesign:1,000,000sq.ft.Currentdesign:1,000,000sq.ft.
Netreductionofapproximately454,825sq.ft.Netreductionofapproximately454,825sq.ft.
Unitcountreducedby150Unitcountreducedby150PDSubmission:850residentialunits,200hotelunitsPDSubmission:850residentialunits,200hotelunits
CurrentDesign:700residentialunits,200hotelunitsCurrentDesign:700residentialunits,200hotelunits
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SpecificCommunityConcernsSpecificCommunityConcernsAddressedAddressedTIFTIF
Theprojectarea,excepttheEasternsite,wasformerlyTheprojectarea,excepttheEasternsite,wasformerly
part
of
the
Wilson
Yard
TIF
part
of
the
Wilson
Yard
TIF
ThenewTIFdistrictislimitedtothethreeprivateThenewTIFdistrictislimitedtothethreeprivate
developmentparcelsandtheClarendonParksitearea.developmentparcelsandtheClarendonParksitearea.
Theexistingusesarecurrentlytaxexempt,plannedTheexistingusesarecurrentlytaxexempt,planned
improvementswillgeneratetaxrevenueimprovementswillgeneratetaxrevenue
TheTIFappliedforisaTheTIFappliedforisapayasyougoTIFpayasyougoTIF
ThedeveloperisresponsibleforfinancingtheThedeveloperisresponsibleforfinancingthe
constructionconstruction
TIFispaidafterconstructioncompletionTIFispaidafterconstructioncompletion
TheonlyTIFfundsavailablearefromcompletedTheonlyTIFfundsavailablearefromcompleted
phases.phases.
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SpecificCommunityConcernsSpecificCommunityConcernsAddressedAddressed
TIFTIF
PhasebyPhaseTIFAllocationsPhasebyPhaseTIFAllocationsPhaseIPhaseI Approx.$9millionrepresenting13%ofestimatedApprox.$9millionrepresenting13%ofestimated
PhaseIprojectcostsPhaseIprojectcosts
PhaseIIPhaseII Approx.$8millionrepresenting17%ofestimatedApprox.$8millionrepresenting17%ofestimated
PhaseIIprojectcostsPhaseIIprojectcosts
PhaseIIIPhaseIII Approx.$7millionrepresenting11%ofestimatedApprox.$7millionrepresenting11%ofestimated
PhaseIIIprojectcostsPhaseIIIprojectcosts
PhaseIVPhaseIV Approx.$24millionrepresenting22%ofestimatedApprox.$24millionrepresenting22%ofestimated
PhaseIVprojectcostsPhaseIVprojectcosts
PhaseVPhaseV Approx.$2millionrepresenting6%ofestimatedPhaseApprox.$2millionrepresenting6%ofestimatedPhase
VprojectcostsVprojectcosts
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ClosingRemarksClosingRemarks
www.connectingclarendonpark.comwww.connectingclarendonpark.com