LEGACY VILLAGE Type: Lease

Transcription

1 LEGACY VILLAGE Type: Lease SWC VAN DYKE RD & 25 MILE RD SHELBY TWP, MI MACOMB COUNTY PROPERTY TYPE: SALE PRICE: RENT: BUILDING SIZE: BUILDING DIMENSIONS: LOT SIZE: ZONING: GLA: Shopping Center Pad Sites (A&B): $700,000/acre Retail Space: $25.00/SF NNN Land Lease Pads (A&B): $60,000/acre 41,000 SF anchor bo 29,500 SF retail center 2,300 SF drive-thru 80 depths & 65 depths 14 acres Retail-Commercial 73,200 SF DESCRIPTION: Landmark is the eclusive marketing agent for the attached new development at the southwest corner of Van Dyke Rd and 25 Mile Rd. The site has outlot opportunities with drive-thru, a large big bo space, and small storefront retail. Take advantage of this growing marketplace. TRAFFIC COUNTS: 25 Mile Rd west of Van Dyke Rd = 13,560 (10) Van Dyke Rd south of 25 Mile Rd = 14,790 (10) CONTACT: Louis Ciotti Viktor Gjonaj (248) Radius: 1 Mile 3 Mile 5 Mile Pop. Density: 5,337 50, ,417 Avg. HH Income: $88,526 $90,480 $89,127 LANDMARK COMMERCIAL REAL ESTATE SERVICES, INC HALSTED RD SUITE 150 FARMINGTON HILLS, MI (248) LANDMARK COMMERCIAL REAL ESTATE SERVICES Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for eample only and do not represent the current or future performance of the property. The value of this transaction to you depends on ta and other factors which should be evaluated by your ta, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.

2 COMMERCIAL CENTER: Scale: 1"=60' PHASE 2 COMMERCIAL AREA PLANT LIST: COMMERCIAL DATA: JAMES T. EPPINK LANDSCAPE ARCHITECT No QTY. DESCRIPTION COMMENTS 4 Acer platanoides 'Crimson King' Crimson King Maple, 2 1/2" cal. 11 Acer rubrum Red Maple, 2 1/2" cal. 3 Acer rubrum Clump Red Maple, 2 1/2" cal., Multi-stem 27 Tilia cordata Littleleaf Linden, 2 1/2" cal. 7 Pyrus calleryana 'Bradford' Bradford Pear, 2 1/2" cal. 17 Ginkgo biloba Ginkgo, 2 1/2" cal. 13 Gleditsia tricanthos Skyline Honey Locust, 2 1/2" cal. 19 Quercus bicolor Swamp White Oak, 2 1/2" cal. 15 Picea abies Norway Spruce, 8' 12 Picea Pungens Blue Spruce, 8' 44 Picea glauca White Spruce, 10'-12' PROJECT NOTES: 1. All areas of Phase 2 will be landscaped to include street trees, shade trees, ornamental trees, evergreen trees, sod and or seed lawn and ground cover. Commercial Anchor: 41,500 SF Retail Building A: 16,100 SF Retail Building B: 13,400 SF Retail / Restaurant C: 2,300 SF Drive Thru w/ 6 stacking spaces Total Parking: 504 spaces Buffer Landscape (8) Norway Spruce (8) Blue Spruce (8) White Spruce (3) Clump Red Maple (2) Bradford Pear Swamp White Oak (5) Parking bays, curb line and walks south of Commercial Anchor may be modified in order to accommodate future development phases per preliminary PUD approval documents, typ Commercial Anchor (41,500 SF) Mile Road Frontage Landscape (4) Norway Spruce (4) Blue Spruce (4) White Spruce (2) Clump Red Maple (2) Crimson King Maple Berm to 3' crown at center Swamp White Oak (5) JEPPINK PARTNERS INC 2. All landscape plantings shall meet township ordinances and will provide a clear vision triangle where required. 3. Building footprints and elevations are approimate. Final Commercial Architecture footprints and elevations are dependent upon identification of final tenant. Final Building Plans will be submitted for permits and administrative approval at time of final tenant identification. 4. Final LED photometric plans will be submitted for permits and administrative approval at time of final tenant identification. All Commercial building will have shared parking agreements. FUTURE DEVELOPMENT PHASE Gingko (4) Linden (2) Red Maple (8) Linden (4) Street Lights, typ. 25 Mile Road Frontage Landscape (3) Norway Spruce (2) White Spruce (2) Clump Red Maple (1) Crimson King Maple Berm to 3' drown at center LEGACY VILLAGE (PHASE 2) 25 Mile Road & Van Dyke Ave Shelby Twp., Michigan See Sheet L-1: Street Tree Planting Plan PAD SITES A&B VILLAGE BOULEVARD Main Entrance Road Street Lights, typ. Outlot B 2,300 sf Ginkgo (13) Swamp White Oak (10) Linden (3) Dumpster, typ. 13,400 sf Village Retail Retail B LOADING AREA Bradford Pear (5) Plaza Retail Village Dumpster, typ. 16,100 sf Village Retail Retail A Linden (2) 54 Linden (10) Eisting Bank Linden (4) Linden (2) Lawn Area, typ. 2 5 M I L E R O A D Longhorn Estates, LLC 6850 Nineteen Mile Road Sterling Heights, Michigan t f PHASE 2 COMMERCIAL LANDSCAPE PLAN Phase 2 Site Plan Staff Review Phase 2 Final Site Plan Submission Phase 2 Final Approval Conditions WM 10/20/14 11/18/14 1/15/15 Skyline Locust (13) JTE August 25, 2014 V A N D Y K E A V E N U E NOT FOR CONSTRUCTION As Noted L-4

3 The Legacy Village PUD and Site Plan was originally approved in The site plan shown here was updated and received Preliminary Site Plan approval from the Township Planning Commission and Board in May JAMES T. EPPINK LANDSCAPE ARCHITECT No Phase 2 will include: J EPPINK acres which will have access from Van Dyke Avenue and 25 Mile Road, as well as 2 points from Phase 1 of the project (single family home portion) PARTNERS INC (1) Clubhouse & Community Building 20 units (5) 4-ple buildings : Phase 2: Open Space Plan PHASE 1 Phase 2 Total Area = acres Phase 2 Open Space = 4.2 acres (10.6%) 4-B The Estates at Legacy Village Phase 1: Single Family Residential (Under Construction) 4-C 4-A 4-D 8 units (16) 10-ple buildings : 160 units Total Phase 2 Units : 188 units Commercial Anchor : 41,500 SF Retail A : 16,100 SF Retail B : 13,400 SF Drive RetailThru C : w/ 6 stacking spaces 2,300 SF Lawson Creek Drive (Eisting) 4-E 10-A (1) 8-ple building : 4-F 10-B 4-G PHASE 2 10-D 4-H 4-I 8-A 4-J 4-K LEGACY VILLAGE 8-C 10-C g tin is E 10-F 8-H 8-K 8-J 8-I 8-E y tilit U 8-B 25 Mile Road & Van Dyke Ave Shelby Twp, Michigan 10-I ay w en re G 10-H Park or id orr C 10-E 8-G 8-D 8-O 8-N 10-L Future Phase Buffer 10-T J Eisting R-8 Zoning Boundary 10-N Eisting C-2 Zoning Boundary Longhorn Estates, LLC 6850 Nineteen Mile Road Sterling Heights, Michigan t f 10-M Land bank 5 acres Detention Basin PC Submission 4/29/14 OUTLOT D EXCLUDED OUTLOT E See Sheet SPA-2 for modified density and land use calculations OUTLOT C Main Entrance Road PHASE 4 Outlot B 2,300 sf 376 Off Street Spaces Phase 2 Residential Trash Storage: All Multi Family Residential Units within Phase 2 will be responsible for individual in-garage trash storage with weekly curb-side pickup PHASE 2 13,400 sf Village Retail Retail B 188 Multi-Family Units Phase 2 Commercial Parking: 73,300 SF Commercial 504 Off Street Spaces 2 5 See Sheet SPA-2 for Land Bank Development Alternatives 10-P 186 Townhome units were removed Multi family housing was modified to incorporate more desirable 8 & 10 unit building types Street system modified to promote better circulation and safety access Reduced density by 49 (23) units (See sheet SPA-2 for clarification) Modify site plan to increase open space by 2 acres and make it more usable for residents Create pocket parks, greenways and larger community park with clubhouse Modify Village Blvd. to remove small central islands and increase size of curbside area for trees plantings Modify commercial retail area to establish a street facing retail village eperience Reduce overall square footage of commercial space Establish a 5-acre land bank in order to not over build retail and better gauge the future market (see sheet SPA-2 for alternative development options) Maintain future phase of senior housing (41,500 SF) Future Development Zone 10-R M I L E Commercial Anchor All Multi Family Residential Units within Phase 2 will have 2 interior parking spaces within each individual garage and 2 eterior parking spaces on driveway, typ. Village Blvd On-Street Parking = 56 spaces (23' 7') 2014 Site Plan Amendment 10-S or id orr C 6-A 10-O y tilit U 10-V 8-L P g tin is E 10-U Pa Senior Housing The originally approved 2006 site plan has therefore been modified to remove the higher density townhomes and create an attractive neighborhood with the preferred housing type and village style commercial development. The site plan modifications include: rk et k oc R O A D 10-K 10-G Phase 1 Commercial: Bank constructed at the northwest corner of 25 Mile & Van Dyke Phase 1 Residential: Single Family residential has begun Phase 2 Residential: The design phase for the utility and earth work for Multi Family residential has begun Prior to constructing the Townhomes along Village Blvd., Longhorn Estates, LLC concluded that the high density, 3-story, urban style townhomes are no longer a viable housing product at this location. Longhorn Estates has identified that 10-unit and 8-unit, 2 car garage, attached condominiums which are located within an attractive neighborhood setting and close to village style retail are in demand within Shelby Township, and will be successful at this site. Phase 2 Residential Parking: Redbud Drive 8-M Legacy Village Planned Unit Development was approved in 2006 by the Shelby Township Board of Trustees. Since that time the following phases have recieved final approval and have begun: 8-P 8-F PHASE Proposed Site Plan Modifications: Legacy Village 2014 Site Plan Amendment Summary J EPPINK PARTNERS INC 16,100 sf Village Retail Retail A Eisting Bank Phase 2 Commercial Trash Storage: Plaza Trash Dumpster's will be located at the rear of Commercial buildings within Phase 2 and will be shielded by masonry enclosures. See Sheet L-4. JTE Retail Village April 28, " = 120' Not for Construction V A N D Y K E A V E N U E NORTH SPA-1 LEGACY VILLAGE (PHASE 2) 25 Mile Road & Van Dyke Ave Shelby Twp., Michigan Eisting Zoning District Boundaries Longhorn Estates, LLC 6850 Nineteen Mile Road Sterling Heights, Michigan t f V I L L A G E Eisting Conditions B A 10/20/14 Phase 2 Final Site Plan Submission 11/18/14 Phase 2 Final Approval Conditions JTE NORTH D Y K E Phase 2 Site Plan Staff Review JTE Eisting C-2 Zoning V A N Approved Preliminary PUD/ Site Plan & Eisting Conditions Plan Retail Pads M I L E R O A D L E G A C Y M I L E Eisting R-8 Zoning R O A D Phase 1 street has recently been installed at single family residential phase of site V A N D Y K E A V E N U E August 25, 2014 Not to Scale A V E N U E The eisting undeveloped site is comprised primarily of scrub growth and open field. No trees eist within the Phase 2 area. In lieu of a tree survey, this aerial photograph has been submitted. EC1 1/15/15

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6 SHELBY TOWNSHIP, MI Retail Portion

7 SHELBY SHELBY TOWNSHIP, TWP, MI MI

8 SUMMARY PROFILE Census, 2014 Estimates with 2019 Projections Calculated using Proportional Block Groups Lat/Lon: / Van Dyke Avenue & 25 Mile Road Shelby Charter Township, MI mi radius RS1 3 mi radius 5 mi radius POPULATION HOUSEHOLDS RACE AND ETHNICITY INCOME EDUCATION (AGE 25+) BUSINESS 2014 Estimated Population 5,337 50, , Projected Population 5,417 51, , Census Population 5,344 50, , Census Population 3,308 39, ,046 Projected Annual Growth 2014 to % 0.3% 0.3% Historical Annual Growth 2000 to % 2.0% 1.6% 2014 Median Age Estimated Households 1,971 19,161 47, Projected Households 2,033 19,770 49, Census Households 1,924 18,712 46, Census Households 1,237 14,234 37,241 Projected Annual Growth 2014 to % 0.6% 0.6% Historical Annual Growth 2000 to % 2.5% 2.0% 2014 Estimated White 92.8% 93.2% 91.8% 2014 Estimated Black or African American 1.8% 1.9% 2.4% 2014 Estimated Asian or Pacific Islander 2.8% 2.5% 3.3% 2014 Estimated American Indian or Native Alaskan 0.2% 0.3% 0.2% 2014 Estimated Other Races 2.4% 2.1% 2.3% 2014 Estimated Hispanic 2.4% 3.0% 3.0% 2014 Estimated Average Household Income $88,526 $90,480 $89, Estimated Median Household Income $74,556 $77,303 $74, Estimated Per Capita Income $32,691 $34,085 $33, Estimated Elementary (Grade Level 0 to 8) 2.2% 2.8% 2.9% 2014 Estimated Some High School (Grade Level 9 to 11) 4.3% 5.0% 5.0% 2014 Estimated High School Graduate 25.3% 25.7% 25.8% 2014 Estimated Some College 24.3% 25.0% 24.7% 2014 Estimated Associates Degree Only 12.3% 9.7% 9.3% 2014 Estimated Bachelors Degree Only 21.7% 19.7% 20.0% 2014 Estimated Graduate Degree 9.9% 12.1% 12.4% 2014 Estimated Total Businesses 231 1,870 4, Estimated Total Employees 2,187 16,032 43, Estimated Employee Population per Business Estimated Residential Population per Business This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. 2015, Sites USA, Chandler, Arizona, page 1 of 1 Demographic Source: Applied Geographic Solutions 08/2014, TIGER Geography