Tustin Legacy Presentation. January 26, 2015

Transcription

1 Tustin Legacy Presentation January 26, 2015

2 PLACES Seattle San Francisco Iowa City Chicago New York City Los Angeles Denver Honolulu San Diego Phoenix Irving/Dallas Nashville Atlanta Houston

3 PLACEMAKING Making Special Places Happen & Maximizing Real Estate Value OliverMcMillan s mission is Making Special Places Happen integrating livable, artistic and enduring designs, while giving back to the world around us.

4 MILESTONES OliverMcMillan Celebrates 37 Years in 2015 Designed and developed more than eight million square feet representing a mix of uses and total value exceeding $3 billion Currently has $2 billion in real estate projects under development in cities across the United States, including Houston, San Diego, Honolulu, Atlanta, Iowa City and Phoenix Highly experienced with the complexities of public/private partnership developments with over 20 completed High-quality, artistic, market appropriate developments have been recognized with more than 40 design awards

5 TABLE OF CONTENTS 1 Public-Private Partnerships The Charette Process Mixed-Use Projects In Development Completed Pipeline Mixed-Use Concepts 5 Tustin Legacy Aerials 6 Project Overlays 7 Stadium Experience

6 PUBLIC-PRIVATE PARTNERSHIPS

7 PUBLIC-PRIVATE PARTNERSHIPS Currently in Development & Pipeline Buckhead Atlanta, GA River Oaks District, Houston, TX Nashville, TN Westminster, CO Village of Kapolei, HI 1911 Telegraph Ave, CA Iowa River Landing, IA Irving, TX Completed Projects Culver City, CA Daly City, CA Everett, WA Glenview, IL Long Beach, CA Los Angeles, CA Ontario, CA Reno, NV San Diego, CA

8 THE CHARETTE PROCESS

9 THE CHARETTE PROCESS A charette is an intensive effort by a group of individuals with varying interests and knowledge bases on a topic, focusing on identifying and addressing constraints and opportunities within a limited timeframe. For 35 years OliverMcMillan has developed and successfully implemented this Master Planning technique for urban development projects.the charette process includes involvement from the following key players: Stakeholders City officials, community members, land owners Design Professionals Architects, Engineers, Interior Designers OliverMcMillan Principals, Managing Directors, Project Managers Benefits of the Charette Process Produces creative solutions Fast and effective Allows for ease of buy-in from stakeholders via participation in the process Step 1: Identifying site issues and constraints Environmental Infrastructure/utilities Traffic/circulation Step 2: Determine project parameters and goals Step 3: Invite qualified firms to participate Site and program information sent to select list of top design firms Each firm independently develops a master plan and preliminary design concept Step 4: Two-day Charette Presentations by design firms Break-out sessions to refine plans Collaborative discussions and conclusions Step 5: Establish business plan framework Conceptual plans Budgets Proformas Cash flow models Leasing Plans Goals of the Charette Process Maximize value Alignment of interests - public/private Consensus reached by collaboration

10 MIXED-USE PROJECTS: IN DEVELOPEMENT

11 CURRENTLY UNDER CONSTRUCTION PROJECT RETAIL RESIDENTIAL OFFICE River Oaks District 297,000 sf ,000 sf Buckhead Atlanta 267,000 sf ,000 sf Symphony 68,000 sf SALT Iowa River Landing 250,000 sf 80 80,000 sf EV ,000 SQUARE FEET 1,590 units 472,000 SQUARE FEET

12 RIVER OAKS DISTRICT Houston, TX The River Oaks District is a mixed-use project that includes 297,000 square feet of luxury retail, restaurant and entertainment, 71,000 square feet of Class A commercial office and 279 luxury residential apartments. The project also includes approximately 1,200 new parking spaces in a 5-level parking structure. The site is located within 1 mile of the Uptown-Galleria District to the west and the prestigious neighborhood of River Oaks to the east. The site also has significant frontage along Westheimer Road, which as the primary thoroughfare from the Galleria District to Downtown Houston 6 miles to the northeast, has daily traffic counts of 80,000. Phase 1 to open Summer 2015.

13 BUCKHEAD ATLANTA Atlanta, GA Located at the intersection of Peachtree and West Paces Ferry Roads, Buckhead Atlanta will feature approximately 1.5 million square feet of new development including 267,000 square feet of upscale retail stores, restaurants and cafes, more than 125,000 square feet of office space and 370 luxury high-rise residences. Buckhead Atlanta will fit seamlessly into the existing Buckhead Village, with pedestrian-friendly streets and a mix of residences, great food and luxury retail shops that are new to Atlanta. Retailers include a mix of local, regional, national and international brand names. The development features lush landscaping and varied storefronts to create a unique shopping district that allows for a shopping experience unlike the enclosed malls currently in the surrounding area. Buckead Atlanta opened in September 2014 and currently has 23 retailers open and operational.

14 SYMPHONY HONOLULU Honolulu, HI Symphony Honolulu is the latest residential offering in Honolulu s Kakaako area. Symphony features 388 residential condominiums as well as JN Exotics, Hawaii s premier luxury auto dealer. Amenities of the project include: a seventh-floor terrace lounge with all-inclusive, state-of-the-art fitness center and yoga studio, private movie theater multimedia rooms, social dining room with catering kitchen, inviting infinity-edge pool and Jacuzzi spa as well as entertainment cabanas for outdoor dining and several guest suites. As of January 2015, 85% of the condominium units at Symphony Honolulu are under contract for sale. Target completion date is first quarter of 2016.

15 SALT Tempe, AZ SALT is a 3.7-acre site in Tempe, Arizona, which has been fully entitled for a four-story, 265-unit, Class A apartment building. Located on the south side of Tempe Town Lake, the site is currently vacant and is part of the Hayden Ferry Lakeside Master Plan, near Arizona State University and the Mill Avenue Entertainment District. It is next door to the new 2,000,000-square-foot State Farm campus currently under construction. The project site includes residential, retail, hotel and office uses. The development will feature studio, 1, 2, and 3 bedroom living spaces. Residents will enjoy boutique resort style amenities with two pools, spa, yoga lawn, poolside cabanas, multiple outdoor barbeque areas, lush landscaping, and direct frontage on Tempe Town Lake. The community also includes a large gym complete with cardio equipment, free weights and resistance training equipment, a media room, and a spacious social room. SALT is slated to open in early 2016.

16 IOWA RIVER LANDING Corlaville, IA Iowa River Landing is a 180-acre mixed-use development located in Coralville, Iowa, along Interstate 80 and First Avenue on the Iowa River. The project is a public/private partnership between OliverMcMillan and the City of Coralville. The dynamic destination includes a 250-room flagship Marriott Hotel and Conference Center; a 330,000-square-foot retail town center; office, residential and entertainment offerings; as well as a transportation facility that will connect Iowa River Landing to downtown Iowa City and the University of Iowa via light rail.

17 EV San Diego, CA EV is a five-story residential building fronting 13th Street between Market and G Streets in the East Village District of downtown San Diego. Covering three-quarters of a city block, the new construction includes 208 mid-rise and ground-level apartments with studio, one- and two-bedroom residences, plus two groundlevel retail spaces of approximately 2,660 square feet each. In addition, the building will include common areas for residents at the ground floor and an extensive rooftop deck. EV is currently under construction and is slated to open in the spring of 2015.

18 MIXED-USE PROJECTS: COMPLETED

19 GLEN TOWN CENTER Glenview, IL The Glen Town Center is truly a new heart of activity for the Village of Glenview. It is a $250 million, 50- acre mixed-use project that includes 1,100,000 square feet of buildings, 3,000 new parking spaces on the street and in six new parking structures, three new public parks, and new city streets and sidewalks, all developed by OliverMcMillan as the master developer. The uses include retail (department stores, mid-sized and small retail), gourmet grocery, theaters, restaurants, small food, service retail, office, apartments, flats, and four-story brick row homes/ condominiums.

20 UPTOWN DISTRICT San Diego, CA Located in the vibrant Hillcrest neighborhood of San Diego, Village Hillcrest provides over 250,000 square feet of mixed-use space. Tenants include Landmark Theatres and 24 Hour Fitness as well as several restaurants, retailers and office tenants.

21 MIXED-USE PROJECTS: PIPELINE

22 PIPELINE PROJECTS Nashville, Tennessee Westminster, Colorado Irving, Texas Village of Kapolei, Hawaii

23 NASHVILLE Nashville, TN OliverMcMillan and Spectrum Emery ( OM & SE ) are entering into a co-development partnership to transform the original convention center site in Downtown Nashville, Tennessee into a dynamic mixed-use development featuring retail, residential, office, dining and entertainment. The project includes 77,608 square feet of creative office space situated above retail and a 350 unit residential tower. In addition, it will feature approximately 242,000 square feet of retail and dining space, an additional 35,000 square feet slated for an entertainment venue, and approximately 40,000 square feet for the National Museum of African American Music. Construction is anticipated to begin in 2016.

24 WESTMINSTER Westminster, CO In January 2015, the City of Westminster, the Westminster Economic Development Authority and OliverMcMillan executed a Development Agreement for the redevelopment of the 105- acre site of the former Westminster Mall, located at U.S. 36 and Sheridan Boulevard. The TOD-designated site is located between Boulder and Denver, adjacent to U.S. 36, an RTD Bus Rapid Transit line stop, as well as next to a future RTD light rail station. OM s vision for the project is a high-density, mixed-use development with both for sale and for rent residential, office, retail and hospitality, along with parks, and a major pedestrian and bike-friendly landscaped boulevard traversing the property from North to South. The City of Westminster has already begun site work and infrastructure, at their own expense. The first phase of vertical construction is anticipated to begin Q4 of The development agreement includes project subsidies, which will be funded by a combination of city land sales and other public financing mechanisms. In addition, the City will contribute land and pay for all parking lots and structures for commercial uses (retail & office).

25 IRVING Irving, TX Located on the former Texas Stadium site, OliverMcMillan has an Exclusive Negotiation Agreement ( ENA ) with the City of Irving, Texas to re-develop the 79 acre site located between Dallas and Fort Worth. The property has been programed to include 225,000 square feet of office, 230,000 square feet of retail and restaurant, 400 for rent apartment, and two (2) key hotels totaling 400 rooms an approximate 25 acres of the 80 acre site. OliverMcMillan, in partnership with the City of Irving is currently in discussions with a Fortune 150 company to relocate their global headquarters to the site and occupy the remaining 50 + acres. This new Headquarters would consist of approximately 1,500,000 square feet of office space and bring over 5,000 jobs to the property.

26 VILLAGE OF KAPOLEI Kapolei, HI Through an RFP process, OliverMcMillan (OM) was awarded the right to develop 26 acres of prime land in Oahu s second City of Kapolei by the landowner, the State of Hawaii. The property is located across from the newly constructed Walmart and involves the last development parcel of the State s Villages of Kapolei master plan neighborhood. The proposed project involves a mixed-use urban village. Current plans anticipate approximately 154,000± sf of retail and 414 residential units, of which 51% will be considered affordable (<140% area median income) as required by the State. OM is the master developer of the project, responsible for the development of site infrastructure, retail and the market-rate multi-family project components. OM will divest responsibility for the development and operation of the affordable component of the project to Hunt Development (along with UHC Communities). The property will be acquired under long-term ground lease (65 years or longer), with no ground lease payments until project completion/opening. Construction is anticipated to begin in 2016.

27 MIXED-USE CONCEPTS

28 MIXED-USE CONCEPTS Mixed-Use Concept Photos

29 MIXED-USE CONCEPTS

30 MIXED-USE CONCEPTS Mixed-Use Concept Photos Continued

31 MIXED-USE CONCEPTS Mixed-Use Concept Photos Continued

32 TUSTIN LEGACY AERIALS

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39 PROJECT OVERLAYS

40 TUSTIN LEGACY, TUSTIN, CA Hangar Project Overlays Hangar Tustin Legacy Site Boundary = ±1,600 acres Future Development Lands = ± 700 acres SCALE COMPARISONS

41 BUCKHEAD, ATLANTA, GA SITE: ± 30 ACRES PROGRAM: MIXED-USE 1,300,000 SF Hangar Hangar

42 RIVER OAKS DISTRICT, HOUSTON, TX Hangar SITE: ± 15 ACRES PROGRAM: MIXED-USE 650,000 SF Hangar SCALE COMPARISONS

43 WESTMINSTER, WESTMINSTER, CO SITE: ± 105 ACRES acres acres acres Hangar 16 Scale Site Plan 0 1 = ,000 ft. N Issue Date: 6/24/14 Hangar SCALE COMPARISONS

44 RENAISSANCE NASHVILLE BARBERSHOP HARMONY SOCIETY GRAND LODGE MASONS OF TENNESSEE MCKENDREE CHRISTIAN LIFE CENTER COMMERCE ST. BROADWAY RYM NASHVILLE CONVENTION CENTER REDEVELOPMENT, NASHVILLE, TN SITE: ± 5.5 ACRES PROGRAM: MIXED-USE 1,125,700 SF Hangar 7TH AVE. NORTH 5TH AVE. NORTH 6TH AVE. NORTH Hangar

45 IRVING STADIUM, IRVING, TX SITE: ± 79 ACRES PROGRAM: - RETAIL: 500,000 SF - RESIDENTIAL: 1,300 UNITS - OFFICE: 50,000 SF - HOTEL: 400 KEYS Hangar Hangar

46 GLEN TOWN CENTER, GLENVIEW, IL SITE: ± 45 ACRES PROGRAM: - COMMERCIAL: 1,150,000 SF - RESIDENTIAL: 100 UNITS Hangar Hangar

47 DOWNTOWN, SAN DIEGO, CA Hangar SITE: ± 250 ACRES Hangar SCALE COMPARISONS

48 DOWNTOWN, SAN DIEGO, CA Hangar SITE: ± 250 ACRES Hangar

49 STADIUM EXPERIENCE

50 BALLPARK VILLAGE Fremont, CA OliverMcMillan and Gensler developed the Master Plan for the new 100 acre Oakland A s baseball stadium complex in Fremont, California. Set amidst a new 750,000-square-foot retail and entertainment center, this new ballpark village seeks to establish a new precedent in both modern stadium design and the development of urban infill projects in a suburban setting. Adjacent to the village is 60 acres of mid to high density residential, accommodating 3,500 units in a lush, Central Park-like environment.

51 : 451 s': 105 unt: 556 v3 (current) Town Homes: 451 'Estate Homes': 105 Total Unit Count: Ballpark Village Fremont, California Housing Components N Wolff Urban Development June 29th, THREESIXTY Gensler ARCHITECTURE

52 ALOHA STADIUM Honolulu, HI MIXED USE/ RESIDENTIAL/ RETAIL PARKING PARKING TAILGATE PARKING TRANSIT PARKING ALOHA STADIUM REDEVELOPMENT SCHEME 1 SCALE : NTS DATE: OCTOBER 6, 2014

53 PETCO PARK/DOWNTOWN SAN DIEGO San Diego, CA In the mid-1990s, OliverMcMillan began assembling land along the G Street corridor, the heart of downtown San Diego. The center of the Gaslamp, Downtown s entertainment district, is Fifth and G Streets. OliverMcMillan has assembled and completed the majority of the retail components. This portfolio includes: San Diego International Airport Ballpark Storage Ralphs Horton 4th Apartments Borders Building Gaslamp Theaters 411 Broadway The Lofts at 777 6th Ave Aloft at Cortez Ralph s Grocery Store Reading Theaters TGIFridays restaurant Horton 4th Apartments The 777 6th Avenue The 677 7th Avenue The 655 6th Avenue Ave The th Avenue Broa dwa ve ha EV (currently under construction) 7t E St reet FS th GS rke Av e OliverMcMillan Offices h The Lofts at 677 Seventh 12 t Buca di Beppo 726 9th Ave vd Bl t t St ree t The Lofts at 707 Tenth The Lofts at 11th (lot) St Con San Di e ven tion go Cen ter 10 tree Ma The Lofts at Market (lot) t Pa rk Av e tree The Lofts at 655 6th y EV 15th & Island th 4th 14 Aloft on Cortez Hill

54 Making Special Places Happen