HRA MINUTES 02081983 - Laserfiche WebLink

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-3 - It's called Clark House, which was a 202 subsidized project. This is a redevelopment project, part of an existing block in St. Louis where we not only provided elderly 202 housing, but also family housing in the same development. We've also been involved in some different type of housing units. This is a renovation of a hotel that we're converting into condominiums. Because we specialize in working for developers, we also have a very close relationship to their concerns about dollars. We know that money doesn't grown on trees, so we make a very strong commitment to the developer and their typically negotiated general contractor to make sure what we designed in the beginning gets built for what everybody anticipated it to be. That's all part of the team process. So, what we've done in our office is simply to put together a team of professionals to deal with all the things that developers have to deal with to get the projects designed and built. What that means is that we're providing better places, better environments for people to live in, like this and like this and not like this. John Arkell Thank you Gary. The Arkell Development Corporation was developed in 1977 with the purchase of the remaining unsold units of the Towers Condominium in downtown Minneapolis. While we were involved with the Towers, we were fortunate enough to have about 70% of the sales there both as an employee of Knutson and afterwards, after we bought Don out of the building. our involvement here in the team concept is that of a developer and a marketer and the following are some of the pro- jects that we've been involved with. This is Ridgewood Hills. It's a 22 unit complex in South Minneapolis that was down through MHRA funds back in the late 170's, 78, I guess. This is 3 Fountains, a 36 unit again in the South side of Minneapolis again with MHRA money. This is the first project we owned as a developer and marketer. It's in Sioux Falls, SD. It is an $8h, million conversion. This is the Greenbrier. It's a 462 unit development. My associate, Steve Yurick acted as the director of marketing and finance for the Keller Corporation. Another building Steve was involved in called the Ponds, a 130 unit new construction project in Minnetonka. The building that we're just finishing up, it's probably our greatest success, in Roseville. We had over 50% internal. it's a 96 unit conversion and we currently office within the complex there. This is a very poor shot of a building we just bought. We don't have any pictures of it yet. We started the internal, I believe we went to the residents today , it's 158 unit, it's called Bridgewalk. The 158 units consist of 92 units that will be converted and 66 units which will be new construction project. Steven. Steve Yurick Thank you gentlemen. We believe that we have the individuals nec- essary put together under this team concept to complete the project as we think, in working with the City officials, and with the community itself, that should be completed. To give you some more details on what our proposal consists of, I'll turn the program back over to Gary Tushie. Gary. Gary Tushie I Thank you Steve.