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<br /> Beard Group, Inc. Page 8 <br />only 11 Miles from Downtown St. Paul . <br /> <br /> Transportation options are abundant with immediate access to local and <br />regional bus lines, County Road 10 as well as State Highway 35W. <br /> <br /> Stable sub-market. Rents are rising in the Twin Cities due to pent-up demand <br />for new product. <br />These dynamics support upward pressure on rents and on-going demand for new rental <br />housing. Flats at Crossroad Pointe is well positioned to benefit from this demand. <br />The final factor in determining the success of this project is: <br /> Experienced principals with a track record of successful completion of <br />mixed-use and multifamily developments. It is important that the developer <br />have a long proven track record of obtaining difficult entitlements and <br />delivering successful projects on time and on budget. <br /> <br />The Beard Group, Inc. has worked with numerous Cities to successfully complete <br />similar projects. A summary of these projects appears on the following pages. <br /> <br />In addition, the project team from the highly successful Marketplace & Main <br />project in Hopkins and the 5 Central apartments in Osseo are working together on <br />Flats at Crossroad Pointe and include: <br /> <br />Developer: The Beard Group, Inc. <br />Bill Beard, Principal <br />Paul Gamst, Principal <br />Ben Beard, Project Manager <br />www.Beardgroupinc.com <br />Design/Architectural: Momentum Design Group, LLC. <br />Jeff Wrede, Principal <br />Jesse Hammer, Principal <br />www.alwaysbuilding.com <br /> <br />Engineering: EOR Civil Engineering Consulting Services <br />Jay Hill <br />www.eorinc.com <br /> <br />Construction Manager: Building Construction Management, Inc. <br />Jon Gumbrill, Principal