exclusive development offering

Transcription

1 exclusive development offering U N I T P R I M E C O N D O M I N I U M D E V E L O P M E N T S I T E 1995 N. Ventura Avenue Ventura, CA Lee & Associates LA North/Ventura, Inc. Corporate ID # A Member of the Lee & Associates Group of Companies Ventura Blvd., Suite 100 Sherman Oaks, CA P: F: JIM FISHER Principal BRE # jfisher@lee-re.com MIKE SMITH Principal BRE # msmith@lee-re.com

2 SECTION I EXECUTIVE OVERVIEW

3 EXECUTION SUMMARY De Anza Courts Mixed Use Project is a 2.7-acre development on Ventura Avenue in the coastal community of Ventura, California. Currently a lemon orchard, the property is located approximately one mile from the Pacific Ocean and Downtown Ventura. It is adjacent to the Ojai Freeway Highway 33 as well as the Ventura Freeway Highway 101, which situates it just 25 minutes south of Santa Barbara and 25 minutes north of Thousand Oaks. The town of Ojai is 25 minutes inland via Highway 33. The Ventura River Bike Trail located just west of the property connects Downtown Ventura to Ojai and the ocean. The temperate climate is typical of California coastal towns. PRICE: TOTAL LAND: NUMBER OF UNITS: INTERSECTION: Unpriced Approximately 117,612 square feet (2.7 acres) 80-Unit Mixed-Use Project N. Ventura Avenue at De Anza Dr in Ventura APN # s: & 035 PROPOSED CONSTRUCTION TYPE: DENSITY: Podium units/acre PROJECT OVERVIEW De Anza Courts will be Ventura s newest and most exiting mixed use community, located on Ventura s Westside two blocks north of Stanley Avenue. This site has excellent visibility and marketability. The property lies just one mile from the Ocean and two blocks away from Sycamore Village, a project completed in 2003 consisting of 215 detached and 77 attached dwelling units.

4 PROJECT DESCRIPTION The project consists of 80 residential units with 1,779 square feet of grade level retail along Ventura Avenue. There will be a total of three buildings; two consisting of a podium form 2 level parking structure, with 2-1/2 stories of flat and townhouse style units in Mediterranean and Coastal architecture styles. The third building will contain retail space with 4 flex units located above. These four units will provide a flexible live over work opportunity for residents. Walk-up one, two and three bedroom units have been designed to provide a rich interior environment, appropriate to the local market. Each spacious and well designed unit will come equipped with central HVAC systems, a washer and dryer, and will have either a private patio or balcony, oriented to provide picturesque views of the landscaped open spaces within the complex and surrounding hills. Each of the two large building will have a 2 level podium style subterranean parking structure with security gates. 219 total parking spaces are provided at a generous ratio of 2.13 spaces per residential unit. Each unit will have at least one covered stall with additional spaces provided on an availability basis. The project may also include an exercise facility as part of the retail building along Ventura Ave. De Anza Courts is to be built to very high quality condominium standards with an underlying subdivision map. The project s approved tentative tract map allows flexibility in the final form of the project, whether built as apartments or condominiums, based on possible market conditions. ADDTIONAL PROJECT DESCRIPTION The proposal by New Urban Ventures, LLC for De Anza Courts is for a higher density residential/commercial mixed use project in compliance with the Westside Revitalization Plan (WRP) and the City Council adopted 2005 General Plan Diagram, Commerce designation. The Commerce designation of the 2005 General Plan is consistent with the WRP designation for the subject property, Mixed Use NEW (30.6 Dwellings per acre, including retail and office uses). De Anza Courts embodies the principles of New Urbanism emphasizing the public realm, pedestrian friendly streets and blocks, a diversity of uses and a diversity of building types to generate a sense of neighborhood identity. The project is within the five minute walking pedestrian shed of Sycamore Village, which forms the neighborhood hub of the area.

5 REGIONAL AERIAL

6 M -H I RADIUS AERIAL

7 PLAT MAP

8 TOTAL BUILDINGS AREA SUMMARY TOTAL ALL BUILDINGS UNIT TYPE QUANTITY TOTAL HAB AREA (S.F.) SMALL FLEX MEDIUM FLEX 2 3,309 LARGE FLEX 1 1,815 ONE BEDROOM 2 2,134 TWO BEDROOM 38 42,206 THREE BEDROOM 28 47,808 LIVE/FLEX, 2 BEDROOM 8 14,490 COMBINED TOTAL ,746 BUILDING A TOTALS UNIT TYPE QUANTITY TOTAL HAB AREA (S.F.) SMALL FLEX MEDIUM FLEX 2 3,309 LARGE FLEX 1 1, ,108 BUILDING B TOTALS UNIT TYPE QUANTITY TOTAL HAB AREA (S.F.) ONE BEDROOM 1 1,067 TWO BEDROOM 19 21,103 THREE BEDROOM 14 23,904 LIVE/FLEX, 2 BEDROOM 4 7, ,319 BUILDING C TOTALS UNIT TYPE QUANTITY TOTAL HAB AREA (S.F.) ONE BEDROOM 1 1,067 TWO BEDROOM 19 21,103 THREE BEDROOM 14 23,904 LIVE/FLEX, 2 BEDROOM 4 7, ,319

9 PARKING SUMMARY COVERED PARKING BUILDING A Total Covered Stalls Covered Tandem Stalls 10 COVERED PARKING BUILDING B Covered Standard Stalls Covered Tandem Stalls Covered H.C. Stalls Total Covered Stalls Grade Level Garage Subterranean Level Garage Combined Total Covered COVERED PARKING BUILDING C Covered Standard Stalls Covered Tandem Stalls Covered H.C. Stalls Total Covered Stalls Grade Level Garage Suterranean levevl Garage Combined total Covered OPEN ON-STREET PARKING Building A Adjacent 10 Building B Adjacent 20 Building C Adjacent 17 Combined Total Open 47 TOTAL PARKING Covered 172 Open On-Street 47 Total Combined Stalls 219 COVERED PARKING ANALYSIS Covered Stalls Unit Type Stalls/Unit No of Units Provided Flex B / C Affordable One Bedroom Two+ Bedroom Flex A Totals Retail 1,779 Square Feet 2 PARKING PROVIDED Unit Type Covered On-street Total 80 Units Retail Grand Total 219 Unit Parking Ratio 207 / 80 = 2.6 Stalls per unit Retail Parking Ratio 1,779 / 8 = 1 Stall per 222 Sq. Ft.

10 GENERAL SITE & BUILDING DATA SITE AREA SUMMARY LOT AREA 117, Acres LANDSCAPED WALKS & PATIOS 26,338 22% PAVED ASPHALT CONCRETE 21,200 18% BUILDING A FOOTPRINT 7,356 6% BUILDING B FOOTPRINT 31,359 27% BUILDING C FOOTPRINT 31,359 27% SITE AREA SUMMARY SITE USE SQUARE FEET EXISTING SQUARE FEET PROPOSED PERCENTAGE EXISTING PERCENTAGE PROPOSED AREA COVERED BY BUILDING(S) 0 70, % AREA PAVED FOR PARKING OR WALKWAYS 0 21, % AREA LANDSCAPED 100% Ag 26, % 22% TOTAL 100% 117, % 100% BUILDING DATA NUMBER OF STORIES NUMBER OF BUILDINGS GROSS FLOOR AREA BUILDING HEIGHT ONE STORY TWO STORIES THREE STORIES 3 119, ROOF PLATE FOUR STORIES TOTAL 3 119, ROOF PLATE

11 BUILDING A SUMMARY TOTAL HABITABLE AREA = 10,970 SF UNIT NO FLOOR LEVEL TYPE AREA SF CATAGORY CLG HT A01 GRADE LEVEL RETAIL PORTION A RETAIL 1,779 RETAIL 14-0 A02 SECOND LEVEL PORTION A FLEX 1,657 MID-SIZE UNIT 10-0 A03 SECOND LEVEL PORTION A FLEX 1,662 MID-SIZE UNIT 10-0 A04 THIRD LEVEL PORTION A FLEX 1,815 SMALLER UNIT 10-0 A05 THIRD LEVEL PORTION A FLEX 1,815 LARGER UNIT 10-0 G GRADE LEVEL RETAIL GARAGE 1,827 GARAGE 14-0 X1 GRADE LEVEL RETAIL CIRC 839 LOBBY / CORRIDOR 14-0 X2 GRADE LEVEL RETAIL CIRC 451 LOBBY / CORRIDOR 14-0 X3 SECOND LEVEL CIRC 1,042 LOBBY / CORRIDOR 14-0 X4 THIRD LEVEL CIRC 788 LOBBY / CORRIDOR 14-0

12 BUILDING B SUMMARY TOTAL HABITABLE AREA = 53,279 SF UNIT NO CATAGORY TYPE AREA SF CLG HT 01 2 BEDROOM, 2 BATH UNIT 4-K 1, BEDROOM, 2 BATH UNIT 4-L 1, BEDROOM, 1 BATH UNIT 4-M 1, LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5D 1, LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5C 1, LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5C 1, LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5C 1, BEDROOM, 3 BATH UNIT 1 B-4 1, BEDROOM, 3 BATH UNIT 1 A-2 1, BEDROOM, 3 BATH UNIT 1 B-2 1, BEDROOM, 3 BATH UNIT 1 C 1, BEDROOM, 3 BATH UNIT 1 C 1, BEDROOM, 3 BATH UNIT 1 D 1, BEDROOM, 3 BATH UNIT 1 E 2, BEDROOM, 3 BATH UNIT 1 A-3 1, BEDROOM, 3 BATH UNIT 1 B-3 1, BEDROOM, 3 BATH UNIT 1 B-3 1, BEDROOM, 2 BATH UNIT 4 1, BEDROOM, 2.5 BATH UNIT 6A 1, BEDROOM, 2.5 BATH UNIT 7 1, BEDROOM, 2.5 BATH UNIT 9 1, BEDROOM, 2.5 BATH UNIT 8 1, BEDROOM, 2.5 BATH UNIT 6B 1, BEDROOM, 2 BATH UNIT 4-G BEDROOM, 2 BATH UNIT 4-F BEDROOM, 2 BATH UNIT 4-F BEDROOM, 2 BATH UNIT 4-H 1, BEDROOM, 2 BATH UNIT 4-A 1, BEDROOM, 2 BATH UNIT 4-B BEDROOM, 2 BATH UNIT 4-C 1, BEDROOM, 2 BATH UNIT 4-C 1, BEDROOM, 2 BATH UNIT 4-B BEDROOM, 2 BATH UNIT 4-D 1, BEDROOM, 2 BATH UNIT 4-DY 1, BEDROOM, 2 BATH UNIT 4-BY BEDROOM, 2 BATH UNIT 4-E 1, BEDROOM, 2 BATH UNIT 11 1, BEDROOM, 2 BATH UNIT 12 1,

13 BUILDING C SUMMARY TOTAL HABITABLE AREA = 53,279 SF UNIT NO CATAGORY TYPE AREA SF CLG HT 01 2 BEDROOM, 2 BATH UNIT 4-K 1, BEDROOM, 2 BATH UNIT 4-L 1, BEDROOM, 1 BATH UNIT 4-M 1, LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5D 1, LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5C 1, LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5C 1, LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5C 1, BEDROOM, 3 BATH UNIT 1 B-4 1, BEDROOM, 3 BATH UNIT 1 A-2 1, BEDROOM, 3 BATH UNIT 1 B-2 1, BEDROOM, 3 BATH UNIT 1 C 1, BEDROOM, 3 BATH UNIT 1 C 1, BEDROOM, 3 BATH UNIT 1 D 1, BEDROOM, 3 BATH UNIT 1 E 2, BEDROOM, 3 BATH UNIT 1 A-3 1, BEDROOM, 3 BATH UNIT 1 B-3 1, BEDROOM, 3 BATH UNIT 1 B-3 1, BEDROOM, 2 BATH UNIT 4 1, BEDROOM, 2.5 BATH UNIT 6A 1, BEDROOM, 2.5 BATH UNIT 7 1, BEDROOM, 2.5 BATH UNIT 9 1, BEDROOM, 2.5 BATH UNIT 8 1, BEDROOM, 2.5 BATH UNIT 6B 1, BEDROOM, 2 BATH UNIT 4-G BEDROOM, 2 BATH UNIT 4-F BEDROOM, 2 BATH UNIT 4-F BEDROOM, 2 BATH UNIT 4-H 1, BEDROOM, 2 BATH UNIT 4-A 1, BEDROOM, 2 BATH UNIT 4-B BEDROOM, 2 BATH UNIT 4-C 1, BEDROOM, 2 BATH UNIT 4-C 1, BEDROOM, 2 BATH UNIT 4-B BEDROOM, 2 BATH UNIT 4-D 1, BEDROOM, 2 BATH UNIT 4-DY 1, BEDROOM, 2 BATH UNIT 4-BY BEDROOM, 2 BATH UNIT 4-E 1, BEDROOM, 2 BATH UNIT 11 1, BEDROOM, 2 BATH UNIT 12 1,

14 North Side Looking South East Along De Anza St Bird s Eye Looking East At De Anza Bird s Eye Looking To Building C At Flex St Bird s Eye - Flex St

15 Building A - Ventura Ave Frontage Building A - Left Side Building A - Right Side (Facing 2025) Building A - Lane

16 Building B - De Anza St Side Building B - Live/Flex Side Building B - Lane Side

17 Building C - De Anza St Side Building C - Live/Flex Side Building C - South Side

18 AMENITIES AERIAL

19 SECTION II AREA OVERVIEW

20 AREA OVERVIEW There are numerous nearby recreational opportunities such as the beach, public swimming pools, Ventura River Bike Trail, Grant Regional Park, Ventura County Seaside Park, and Ventura Harbor. Most are within one mile of the project. Buyers can avail themselves to the nearby beaches and parks or charming downtown Main Street for shopping and restaurants. The specific plan for the area calls for pedestrian corridors, parks and a large community pool located within walking distance of the project. The project has been designed to take advantage of the residential and commercial redevelopment occurring on the Westside of Ventura, which is in mid transition from light industrial and agricultural uses. De Anza Courts with its classic Mediterranean and Coastal architectural motifs has been carefully designed to offer the best in luxury, convenience and security. Located midway between Malibu and Santa Barbara, the City of Ventura combines a seaside lifestyle with a bustling commercial hub near several colleges and universities. The population of about 106,433 residents has seen significant growth 5.2 percent between 2000 and Ventura is an affluent city with an average household income of $82,244 annually. At the same time, the cost of living in the city is lower than in any other California city. With a scarcity of multifamily housing stock, nearly 60 percent of Ventura s population is comprised of homeowners. Ventura s diversified economy encompasses agriculture, healthcare and manufacturing. There are 162 mostly small to mid-sized manufacturing companies generating some $450 million annually and about 4,000 jobs. Community Memorial Health System employs about 1,800 workers, mostly at its Community Memorial Hospital. Ventura also is home to corporate and regional headquarters including Allied Beverage Company, Ticla and Patagonia, and the city recently established Ventura Ventures Technology Center, offering a total of about 10,000 SF of flexible space to incubator companies in the tech sector. Entertainment and recreational offerings are plentiful and include Ventura County Fairgrounds and Raceway, Channel Islands National Park, the Downtown Ventura Historic District with restaurants, art galleries and shops and a myriad of water sports and fishing along the beaches and the pier.

21 Jim Fisher Principal Mike Smith Senior Associate Lee & Associates -LA North/Ventura, Inc. A Member of the Lee & Associates Group of Companies Ventura Boulevard, Suite 100 Sherman Oaks, CA Office Fax