|
# of units managed in US
<br /># of units managed in MN
<br />Market study completed?
<br />#
<br />Units
<br />Size Rent #
<br />Units
<br />Size Rent #
<br />Units
<br />Size Rent #
<br />Units
<br />Size Rent #
<br />Units
<br />Size Rent
<br />Studio 0 - - 47 459 - 502 $918 - $1,004 31 459 - 502 $918 -
<br />$1,004 45 459 - 502 $918 -
<br />$1,004 32 750 - 779 $ 1,000
<br />Alcove 0 - - 37 572 - 698 $990 - $1,208 16 572 - 698 $990 -
<br />$1,208 0 572 - 698 $990 -
<br />$1,208 0 - $ -
<br />1 Bedroom 93 750 $ 930 62 590 - 884 $1,056 -
<br />$1,582 87 590 - 884 $1,056 -
<br />$1,582 111 590 - 884 $1,056 -
<br />$1,582 52 800 - 825 $ 1,250
<br />2 Bedroom 86 1050 $ 1,115 70 928 - 1,082 $1,633 -
<br />$1,904 31 928 - 1,082 $1,633 -
<br />$1,904 67 928 - 1,082 $1,633 -
<br />$1,904 46 980 - 1067 $ 1,500
<br />3 Bedroom 37 1250 $ 1,284 0 0 -$ 0 0 -$ 0 - $ - 6 1300 $ 1,750
<br />Designated pet area
<br />Common Laundry
<br />Individual Storage Units
<br />Open Lounge
<br />Private Party Room
<br />Fitness studio
<br />Bike Storage
<br />Electric car charging station
<br />Car wash
<br />Outdoor Seating
<br />Outdoor swimming pool
<br />Other
<br />Other
<br />Other
<br />Other
<br />Other
<br />Other
<br />On-site Management
<br />Internet
<br />Cable
<br />Washer/dryer in unit
<br />Solid or veneer cabinents
<br />Solid or veneer coutners
<br />Tile or linoleum/vinyl kitchen
<br />floor
<br />Walk-in closets or stroage
<br />Balconies
<br />Other
<br />Other
<br />Indoor
<br />Outdoor
<br /># stalls p/unit
<br />Outdoor
<br />Notes
<br />Long term
<br />5 - 6 residential (comercial TBD)
<br />No
<br />Yes
<br /> 1.17
<br />No
<br />Yes
<br />Parking (Commercial)
<br />Exterior Finish Material (yes/no)
<br /> 1.00
<br />3
<br />Yes
<br />No
<br />No
<br />No
<br /> $ 38,000,000
<br />216
<br />5 - 6 residential (comercial TBD)
<br />Developer (est yr)
<br />Preliminary Study
<br />TBD
<br />Yes
<br />No
<br />Architect
<br />Builder
<br />Residential Manager
<br />Yes
<br />No No
<br />TBD
<br />27,000
<br />Market Rate %
<br />Tenant Restrictions
<br />Complete Study
<br />236,752
<br />TBD
<br />TBD
<br />Dominium Mangagement Services
<br />Urban Works
<br />Affordable %
<br />Retail sq ft
<br />Example project
<br />TBD
<br />0% (optional)20%20%
<br />No
<br />No
<br />Yes
<br />Yes
<br />Yes
<br />Yes
<br />5500
<br />Option 3
<br />N/A
<br />80%
<br />20%
<br />223
<br />2700 University Ave, Minneapolis
<br />Kraus-Anderson
<br />-
<br />12555 Pennock Ave, Apple Valley
<br />INH Properties (est 1982)
<br />RHA
<br />Weis Builders
<br />INH Properties
<br />Residential
<br />N/A
<br />100%
<br />N/A N/A
<br />80%80%
<br />10940 Vtookrf Lake Blvd NW,
<br />Option 1
<br />6,880 5200
<br />Complete Study
<br />Global Real Estate (est 2017) / Kraus-Anderson (est 1897)
<br />-
<br />No
<br />Yes
<br />Yes
<br />Yes Yes
<br />201,222
<br /> 7,629
<br /> 1.50 1.53
<br /> 7,629
<br /> -
<br /> 172
<br />Included
<br />Parking (Residential)
<br />Parking
<br /> -
<br /> 52
<br />Dominium (est 1972)
<br />Total Residential Units
<br />55+
<br />0%
<br />100% @ 60% AMI
<br />Yes
<br />Yes
<br />Yes
<br />Total Residential Sq ft 206,300 201,558
<br />Yes
<br />Yes Yes
<br />Yes
<br />Yes
<br />No
<br />Yes
<br />Solid
<br /> 58 99
<br /> 160
<br /> 102
<br /> -
<br /> 6,118
<br /> 15,432
<br /> 6,118 29,403
<br /> 194 154
<br />Included
<br />Included
<br />Included
<br />IncludedSolid
<br />Yes
<br />Commercial
<br />Solid Solid Solid
<br />Optional Included
<br />Vinyl Tile or wood - TBD Tile or wood - TBD Tile
<br />Included
<br />Optional Included Included
<br />Solid & veneer
<br />Brick/Stone
<br />Included Yes
<br />Included Included Included
<br />Yes
<br />Yes
<br /> 5000 - 7500
<br /> 20,000
<br /> 116
<br /> 88
<br />Yes
<br />Retail (speciality) sq ft
<br /> -
<br /> 45
<br /> 13,971
<br /> -
<br />-
<br /> 1.21
<br /> 20,000
<br />Total Retail
<br />Yes
<br />No
<br />Yes
<br /> (shared with outdoor residential) 36
<br />Yes (or rebate for fees incured)
<br />Will let City be conduit issuer with
<br />No No
<br />Yes Yes
<br />NoDepends on availabile TIF No
<br />No
<br />Yes
<br /> 28
<br />No
<br />No
<br />Yes
<br />No
<br />Min # of years Developer will own Long-term Long term
<br />Est Total Project Cost $ 49,000,000 $ 40,000,000 $ 35,000,000 $ 25,000,000
<br />Phase 1 Construction Start/End
<br />Phase 2 Construction Start/End
<br />4 (residential) 15 (commercial)
<br />2018/2019 (residenital
<br />4 - 5 residential (comercial TBD)
<br />Long term Long term
<br />2018/2019 9residential)
<br />TBD (commercial)
<br />Est Construction Completion
<br />2018/2019 (residential)
<br />N/A
<br />2018/2018 (retail)
<br />3
<br /># of jobs on-site FTE 5 residential
<br />Other
<br />Other
<br />Financing
<br />4
<br />2018/2019 (residential)
<br />No
<br />Yes
<br />TBD (commecial)
<br />2018/2019 (residential)
<br />TBD (comercial)
<br />Other
<br />Stucco/EFIS
<br />Hardieboard/similar siding
<br />No
<br />No
<br />No
<br />Vinyl siding
<br />Other
<br />Other
<br />Housing TIF
<br />Land Discount
<br />Waive Fees
<br />Conduit City Revenue Bonds
<br /># of Stories above parking garage
<br />No
<br />Yes
<br />Included
<br />Yes
<br />Amenities within Units (Included in rent vs. optional?)
<br />Commercial Kitchen
<br />Salon
<br />Grilling Stations
<br />Theater Room
<br />Library / Business Center
<br />3 3
<br />No
<br />Yes
<br />No
<br />Yes
<br />No
<br />Crossroad Point Comparison of Development Proposals
<br />Amenities in Common Areas (yes/no)
<br />136216165
<br />Yes
<br />Yes
<br />Yes
<br />Option 1 Option 1 Option 2
<br />Yes
<br />Yes
<br />Yes
<br />Yes
<br />Yes Yes
<br />Included Included
<br /> 123,056
<br />Yes
<br />No
<br />Yes
<br />Yes
<br />Included
<br />Yes
<br />Tile or wood - TBD
<br />Included
<br />Included
<br />Solid
<br />Included
<br />Included
<br />Solid
<br />Yes
<br />Included
<br />Soid
<br />Commercial Manager N/A Kraus-Anderson TBD
<br />Fire Pit Fire Pit Fire Pit
<br />Yes
<br />No
<br />No
<br />Yes
<br />Yes
<br />Yes
<br />Yes
<br />Yes
<br />Yes
<br />Yes
<br />Yes
<br />Yes
<br />Yes
<br />Yes
<br />Yes
<br />TBD
|