9750 ON THE PARK 9750 CRESCENT PARK CIRCLE ORLAND PARK, ILLINOIS DEVELOPMENT PETITION SUBMITTAL PROJECT NARRATIVE.

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1 9750 ON THE PARK 9750 CRESCENT PARK CIRCLE ORLAND PARK, ILLINOIS DEVELOPMENT PETITION SUBMITTAL PROJECT NARRATIVE August 9 th, 2011 For further information, please contact the following: Chris Kirles Vice President, Development ckirles@flahertycollins.com Jess Fisher Director, A&E Services jfisher@flahertycollins.com

2 TABLE OF CONTENTS 1. Introduction Project Location Project Description Unit Features Project Amenities 4 2. Standards For Special Use 5 3. Summary of Zoning Requirements 8 4. Community Benefit Statement 9 5. Anticipated Population Project Amenities & Operations Proposed Construction Schedule Conclusion 13 Page 2 of 13

3 1. INTRODUCTION 1.1. Project Location The proposed site, 150,165 square feet (3.446 acres) of unimproved land, is located at the northeast corner of 143 rd Street and Main Street; bounded by 143 rd Street to the south, Main Street to the west, Ravinia Avenue (proposed extension) to the east, and Crescent Park Circle to the north. Adjacent property west of Main Street is unimproved land and the property directly east is the Orland Plaza Shopping Center on the Park will be the first phase of the new Orland Park Downtown, previously referred to as the Main Street Triangle. When Completed, Downtown Orland Park will offer an upscale blend of residential and retail uses, providing what suburban residents have long asked for, a pedestrian friendly downtown where people can live, shop, dine and be entertained. Centered around the newly constructed 143 rd Street Metra Station, this area of Downtown Orland Park provides a critical link between the Old Orland Historic District, featuring a number of quaint antique shops, and the Orland Crossing lifestyle center that includes numerous retailers, restaurants, and townhome residences Project Description Metra Triangle FC, LLC, is pleased to present 9750 on the Park, a mixed-use, transit-oriented development to the Village of Orland Park. The Project consists of 295 residential units, 4,000 square feet of first floor commercial space, 8,666 square feet of residential amenity space, and 365 onsite parking garage stalls. The Project will be located in one building wrapped around a centrally located four story parking garage with approximately 20 public parking spaces on the first floor and secured parking for the residents on the floors above. The building will be a total of 6 stories in height along Crescent Park Circle (4 stories of residential over double height commercial/amenity space), 5 stories of residential along Main Street and Ravinia Avenue and 4 stories of residential along 143 rd Street. There will be 178 one bedroom one bath units, 91 two bedroom two bath units, 12 two bedroom one bath units, 8 two bedroom two bath duplex units, and 6 two bedroom two bath den units. In addition to the 365 parking spaces available in the garage, public parallel parking will be available along Main Street, Crescent Park, and Ravinia Avenue. Site Data Existing Zoning VCD (Village Center District) Land Area (Sq. Ft.) 150,165 Acreage Number of Units One Bedroom Two Bedroom 117 Commercial Space (Sq. Ft.) 4,000 Residential Amenity Space (Sq. Ft.) 8,666 Parking Garage Stalls 365 Nearby Public Parking >30 On Street + >75 Metra Page 3 of 13

4 1.3. Unit Features The residential units are anticipated to have 9 ceilings, upgraded cabinet packages, granite countertops with under mount sinks, recessed and pendant lighting, brushed nickel hardware, upgraded hard surfaces in the kitchens and entries, patios/balconies, 2 blinds faux wood, roman soaking tubs with tile surrounds, upgraded carpet, washer/dryer, upgraded appliances; including a gas stove with self-cleaning oven, microwave oven, dishwasher, garbage disposal and double door frost-free refrigerator. High-tech features and state-of-the-art technology will be a theme consistent throughout the project. All units will be separately metered for water, electricity, gas and trash Project Amenities In addition to high quality interior finishes, residents of 9750 on the Park will have access to a comprehensive amenity package. The residential amenity space will be located along Crescent Park and wrapping the building corner along Main Street, activating the street. The amenity area will be wireless throughout and will include a residential lobby with concierge desk, leasing office, state of the art fitness club w/ private spin/yoga studio, tanning salon, e-lounge with business center, media/game room, billiards/poker lounge, aqua lounge, and a resort style heated salt water heated pool with cabanas. A courtyard with outdoor grilling stations, lounge area, and dedicated pet area will be located between the southern half of the building and the parking garage. There will be a considerable amount of hardscape, raised planting beds, decorative lighting, etc. that will help to create an appealing urban environment. Covered and secured garage parking will be available to the residents and on-street parallel parking will be located around the perimeter of the property. Bike storage will be available and electric car charging stations will be installed in the garage. Page 4 of 13

5 2. STANDARDS FOR SPECIAL USE Following are the Special Use Village Standards and a description of how they apply to the proposed development. 1. The special use will be consistent with the purposes, goals and objectives and standards of the Comprehensive Plan, any adopted overlay plan and these regulations. The proposed development is being undertaken pursuant to a Redevelopment Agreement with the Village of Orland Park. The Redevelopment Plan sets forth a mixed-use development that will generally include multifamily rental apartments, residential amenities, public and private parking, and retail. The Redevelopment Plan is based upon the Development Principles set forth in the Land Development Code for the Village Center District. The proposed Master Plan conforms to Development Principles listed in the Village Center District section of the Land Development Code in the following ways, and is thus consistent with the goals and objectives of the Comprehensive Plan. The buildings are sited on the property to create a street wall or architecture that provides a pedestrian-friendly environment. The architectural design of the building reflects a strong identity, using design inspiration from other buildings in Orland Park, including the train station and Village Hall. The two interior courtyards provide open space focal point amenities for residents while Crescent Park provides an open space focal point for the public. Parking is provided in a structure and is located on the interior of the site, completely screened by the surrounding uses. Shared parking via on-street and the nearby Metra lots is encouraged. Residents will be able to enter the building via multiple access points, both off the street, interior to the courtyards and within the parking garage. The building is anticipated to provide a number of green elements, including the following. Water saving faucets, shower heads, and toilets Energy efficient lighting White TPO Roofing Energy efficient furnaces & water heaters Energy Star-rated appliances Puron HVAC Bike racks Low E Glass and energy efficient windows and doors Salt-water pool Low VOC paints and carpet Low VOC in sealants Recycling available on site Location on a public transportation line The proposed development achieves the planning goals of the Village by creating a transitoriented development that will allow residents to live within a 5 minute walk to the train Page 5 of 13

6 station, businesses and services. This development has been designed using traditional village center principles. 2. The special use will be consistent with the community character of the immediate vicinity of the parcel for development. The proposed development of 9750 on the Park consists of acres. The surrounding area encompasses a variety of uses including smaller businesses, residences and the Old Orland Historic District lying south and west of 143 rd Street, commercial uses located to the east and commercial and forest preserve located to the north and west. The proposed development is cognizant of the surrounding land uses and is designed to provide a compatible environment. For example, Building E along 143 rd Street is setback further from the street than the other buildings in the development and has a reduced height of three stories at grade. The scale of this building provides an appropriate transition into the site from the Old Orland Historic District to the south and west of 143 rd Street. Along Main Street and Ravinia the building steps up one level and as it transitions into Building D along the Crescent, it steps up another level and incorporates first floor retail and the residential amenities on the first floor. This helps to activate Crescent Park by encouraging pedestrian activity in the area that is centrally located in the overall master plan. 3. The design of the proposed use will minimize adverse effect, including visual impacts on adjacent properties. As designed, the project minimizes adverse impacts, if any, n the adjacent properties. The proposed project provides four sided architecture, meaning that each façade is designed with similar elements and attractive materials and colors. The site itself will be enhanced by creating buildings with strong architectural identity and attractive street facades, while the building will improve the visual impact on surrounding properties. The staggered height of the building, especially the three-story appearance on 143rd Street, respects the existing uses on the south side of 143rd Street. The building is designed using vocabulary that will be consistent throughout the rest of the Orland Park Downtown so that future developments will fit within the same context. 4. The proposed use will not have any adverse effect on the value of adjacent property. The proposed development is consistent with the Village goals regarding future development of the community, and should have only positive effects on the value of adjacent property. There is a significant investment of private and public capital which includes several public improvements such as the 143 rd Street Train Station; public parking lots for Metra commuter parking; the expansion of 143 rd Street, and improved intersection of 143 rd Street and LaGrange; all of which balance the needs of motorists with those of pedestrians and bicyclists. Furthermore, the parks and open spaces will accommodate the needs of pedestrians and become places of unique character that reinforce the positive image of Orland Park. 5. The applicant has demonstrated that public facilities and services, including but not limited to roadways, park facilities, police and fire protection, hospital and medical services, drainage systems, refuse disposal, water and sewers, and schools will be capable of serving the special use at an adequate level of service. Page 6 of 13

7 The proposed development will be adequately served by all utilities and be well-served by roadways and public parks. A traffic study has been completed as part of this petition that confirms that the existing and proposed roads surrounding the development will provide adequate service. The existing storm sewer was rerouted to properly serve the site and avoid any impacts south of 143 rd Street. A retention pond has been constructed in the northeast corner that provides the volume as required by the Village. Adequate capacity is available at the site for sanitary and water service. 6. The applicant has made adequate legal provision to guarantee the provision and development of any open space and other improvements associated with the proposed development. The proposed project is the first phase of Downtown Orland Park, an area of Orland Park that has already significantly improved by the Village with a decorative pond, roads, sidewalks, the train station, Crescent Park and T-Rain Park. Crescent Park and T-Rain Park provide the primary public open spaces to the overall downtown. In addition, 9750 on the Park includes two outdoor courtyard amenity spaces for residents. The proposed project includes high quality architecture, decorative streetscape and landscape and some retail that will provide a pleasant experience for residents and visitors. 7. The development will not adversely affect a known archaeological, historical or cultural resource. The project site is currently vacant and the development will not adversely affect any known archeological, historical, or cultural resource on the project site. The building has been carefully designed to provide an appropriate transition between the Old Orland Historic District to the Southwest and the newer Orland Crossing Lifestyle Center to the east. As the first phase of Downtown Orland Park, the development will support Village cultural activities, especially activities located in the immediate vicinity. 8. The proposed use will comply with all additional standards imposed on it by the particular provision of these regulations authorizing use and by all other requirements of the ordinances of the Village. The proposed development will comply with all standards of the Village Code and the developer will continue to work with the Village on any conditions imposed upon it. The development is designed to meet the Village Center District standards. The proposed development requests modifications for parking and setback along 143rd Street. The transitoriented nature of the development, the nearby Metra Parking lot (which is available to the public on nights and weekends) and the ample on-street parking provided along Main Street, Crescent Park Circle and Ravinia, helps alleviate any negative impact of the parking reduction modification request. The setback reduction request along 143rd Street helps establish the architectural façade along the street. The height and design of the building along 143rd Street will provide a pedestrian friendly environment that fits contextually with the rest of the Village Center District. Page 7 of 13

8 3. SUMMARY OF ZONING REQUIREMENTS ** 74.3 % with Crescent Park Credit 80% without Crescent Park Credit Page 8 of 13

9 4. COMMUNITY BENEFIT STATEMENT 9750 on the Park will provide high-end rental residences for a range of different types of residents, from young professionals to empty nesters, in a mixed-use environment integrated with public transportation and community amenities such as bike trails and open space. This type of development currently does not exist in Orland Park, and will fill in a gap in the life cycle housing choices. This gap has been previously identified in an economic market analysis conducted by the Village on the Park will provide a dignified quality of life for the residents in their new environment. The building design, unit design, and incomparable amenities address the wants and needs of today s renter profile; which we believe is the renter by choice. The renter by choice is a resident with adequate income to purchase a home but chooses not to for various reasons. The rental rates offered at 9750 on the Park will be within reach of most incomes. Today s median home price in Orland Park is $249,900. Assuming an interest rate of 4.50% for a 30 year fixed mortgage, average annual property taxes of $6,947, and annual homeowners insurance premium of $725, the corresponding monthly payment is $1,905; excluding any association fees that might be applicable on the Park will have average rental rates of approximately $1,500 per month; which includes all the amenities as described in Section 1.4. The mission is to provide residents with a housing option with numerous amenities, within walking distance to public transportation, all at the lowest rent levels possible. Currently, there are no options for quality rental housing with the proposed amenity package. We believe 9750 on the Park enhances Orland Park, improves the quality of life of our local population, keeps young professionals and others in Orland Park, and creates a unique atmosphere where one can truly live, work, and play without the need to use an automobile. Finally, as the first phase of the Downtown Orland Park, 9750 on the Park will set the stage for future developments by supporting the Design Guidelines of the Village Center District and incorporating high quality architecture and site design that contribute to a vibrant and pleasant pedestrian experience. Page 9 of 13

10 5. ANTICIPATED POPULATION The following table shows the estimated population that will live at 9750 on the Park based on our previous experience. Unit Type % of 1 Residents % of 2 Residents # of Units Anticipated # of Residents 1 Bedroom 80.00% 20.00% Bedroom 40.00% 60.00% Total Residents 401 Page 10 of 13

11 6. PROJECT AMENITIES & OPERATIONS 9750 on the Park is anticipated to have a staff that will include a property manager, two full-time leasing agents, one part time leasing agent, a maintenance supervisor, and two maintenance technicians. The maintenance technicians will be on a 24-hour emergency call rotation The leasing office will be open from 9:00 AM to 6:00 PM Monday through Friday, from 10:00 AM to 6:00 PM on Saturday, and from 12:00 PM to 5:00 PM on Sunday. Landscaping services will be contracted to a third party. Social functions and resident activities will be provided and facilitated by the property manager. Following is a list of the proposed unit features and amenities at 9750 on the Park. Unit Features: 9 Ceilings Upgraded Cabinet Packages Granite Countertops Recessed and Pendant Lighting Brushed Nickel Hardware Upgraded Hard Surfaces in Kitchen and Entries Balconies 2 Faux Wood Blinds Roman Soaking Tubs with Tile Tub Surrounds Upgraded Carpet Washer / Dryer Upgraded Appliances (including gas stove, microwave oven, dishwasher, refrigerator) Master Bedroom with Walk-in Closets Project Amenities: Club Room and Amenity Center o Residential Lobby with Welcome Desk o Leasing Office o Fitness Club with Private Yoga/Spin Studio o Tanning Salon o E-Lounge with Business Center o Media and Gaming Lounge Pool Deck o Aqua Lounge o Outdoor Heated Salt Water Pool with Cabanas o Grilling Stations Outdoor Courtyard o Fire Pit and Lounge Area o Dedicated Pet Area o Extensive Landscaping with Decorative Lighting Secured Parking Garage o Bike Storage o Charging Stations for Electric Vehicles Page 11 of 13

12 7. PROPOSED CONSTRUCTION SCHEDULE The petitioner plans to commence with site and foundation permits in early fall of 2011 to allow construction to commence on the site. The balance of the building permitting will be submitted shortly after in order for construction on the parking garage and mixed-use building to also start in fall of As soon as erosion control measures are in place, the site work, utility connections and foundation construction will proceed followed by the construction of the parking garage and mixeduse building. The first portion of the building is anticipated to be occupied in early spring of 2013 with the project being completed in the fall of Page 12 of 13

13 8. CONCLUSION Metra Triangle FC, LLC is excited to present this development to the Village of Orland Park, and looks forward to the culmination of efforts by both the developer and the Village of Orland Park. Page 13 of 13