7 th & Grand Air Rights

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1 7 th & Grand Air Rights RFP RESPONSES AN D PREFERRED DEVELOPER 8 JUNE 2015

2 7 th & Grand Air Rights Request for Proposals (RFP) 1/26/15 development update and RFP for professional services for design of the 7 th & Grand parking facility, including scope to support air rights development above the parking structure 3/23/15 approved professional services agreement w/ Substance Architecture for design of the 7 th & Grand parking facility including structural and architectural elements allowing future development above the garage structure April June Schematic design of the 7 th & Grand parking facility (demolition, 2015 structural, architectural, skywalks, integration w/ Principal) 4/20/15 update on RFP for air rights and release/marketing of RFP to development community 5/22/15 3 responses to 7 th & Grand Air Rights RFP received

3 7 th & Grand Air Rights RFP Responses Linden Street Partners 160 apartments w/ small boutique hotel Nelson Const. & Development high end market rate apartments Sherman Associates 195 high end market rate apartments

4 7 th & Grand Air Rights Recommendation Identify Nelson Construction and Development as preferred developer Design team: Exeter Group (urban real estate development company), BKV Group (architecture), Shuck Britson (structural) Faegre Baker Daniels (real estate counsel)

5 7 th & Grand Air Rights Recommendation Identify Nelson Construction and Development as preferred developer Design team: Exeter Group (urban real estate development company), BKV Group (architecture), Shuck Britson (structural) Faegre Baker Daniels (real estate counsel) Proceed w/ design of single-phase implementation of air rights development

6 7 th & Grand Air Rights Recommendation Identify Nelson Construction and Development as preferred developer Design team: Exeter Group (urban real estate development company), BKV Group (architecture), Shuck Britson (structural) Faegre Baker Daniels (real estate counsel) Proceed w/ design of single-phase implementation of air rights development Air rights design on-pace with design of garage Efficient and economical coordination; aesthetic integration potential for bidding key building packages with bidding of garage (structure, mechanical, electrical, plumbing, fire suppression, vertical circulation systems, and potentially cladding); Bid scheduled for late 2015

7 7 th & Grand Air Rights Recommendation Identify Nelson Construction and Development as preferred developer Design team: Exeter Group (urban real estate development company), BKV Group (architecture), Shuck Britson (structural) Faegre Baker Daniels (real estate counsel) Proceed w/ design of single-phase implementation of air rights development Air rights design on-pace with design of garage Efficient and economical coordination; aesthetic integration potential for bidding key building packages with bidding of garage (structure, mechanical, electrical, plumbing, fire suppression, vertical circulation systems, and potentially cladding); Bid scheduled for late 2015 Construction of air rights development integrated with construction of garage No lapse in construction schedule between garage and housing

8 7 th & Grand Air Rights Schedule relating the garage design to the design of the air rights development milestones for affiliated development agreements presented in a follow-up meeting to Council

9 7 th & Grand Air Rights QUESTIONS?

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