Venture Richmond Downtown Development Forum June 27, 2013
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1 Venture Richmond Downtown Development Forum June 27, 2013
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3 Main Street Station / Market Square Strategic City-Owned Real Estate Train Shed - Reviewing construction bids and plan to award a contract very soon. Farmer s Market - Contract awarded to BAM Architects and Projects for Public Spaces. Kicking off the stakeholder meetings in July
4 Richmond Riverfront Plan SYSTEMS
5 Richmond Riverfront Plan SYSTEMS
6 Richmond Riverfront Plan Short -term Down river
7 Gateway Plaza
8 Bon Secours Redskins Training Camp Leigh Street
9 Bon Secours Redskins Training Camp Conceptual Site Plan
10 FFV Building / Rebkee
11 UCI World Cycling Championship Richmond day international event 500,000 spectators and participants $130 million in economic impact to the region 300 million global viewing audience
12 The City of Richmond The excitement is building!
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14 Biotech 8 Expansion Phase 1 Completed
15 Biotech 8 Expansion Phase 2 Demo
16 Biotech 8 Expansion Phase II
17 Biotech 8 Expansion Phase II
18 Biotech 8 Expansion Phase II Final Rendering
19 Biotech 10 Rendering
20 Biotech 10 Site Plan
21 Biotech 10 Rendering View Aerial View
22 Biotech 10 Rendering
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25 Grace Street Housing North Northeast corner of Shafer and West Grace Street 388 beds Cost: $32 million 8
26 University Learning Center Adjacent to Cabell Library view at corner of Linden and Floyd Streets Cost: $44.0 Million
27 VCU Real Estate Foundation Grace Street Office/Classroom Building VCUREF Building Shafer/Grace LLC Cost $ 15.2 million Cost $22 million
28 VCU Real Estate Foundation Broad Street Trolley Station Richmond Glass Restored Trolley Station Cost $8 million
29 Cabell Library Information Commons Addition to and renovation of Cabell Library Cost: $52 Million 8
30 Institute of Contemporary Arts Corner of Belvidere and West Broad Streets Cost $32 Million 8
31 Institute of Contemporary Arts Corner of Belvidere and West Broad Streets Cost $32 Million 8
32 School of Medicine McGlothlin Medical Education Center Looking east on Marshall Street View from Broad Street Cost: $158.6 Million
33 Research Lab Renovations Sanger Hall Pauley Heart Center Cost: $7 Million Massey Lab Renovation Cost: $12 Million
34 VCU Health System Children s Hospital of Richmond Pavilion Located between City Hall and Sanger Hall on East Broad Street Cost: $181 Million
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37 Address: 115 East Broad Street Owner: Barry Wilton, Sherman Hubert Company Architect: Walter Parks Bank: Xenith Contractor: The Monument Companies Development Consultant: The Monument Companies Management: Legend Property Group
38 Atrium on Broad 115 East Broad Street 44 Residential Units 3,141 s.f. of Commercial Space $5.4 million dollar project Finished May 2013
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42 Hutzler on Broad
43 Hutzler on Broad Address: 306 East Broad St. Owner: Jennifer Jones Richard, JR Commercial Properties Architect: Johannas Design Group Bank: Central Virginia Bank Contractor: The Monument Companies Development Consultant: The Monument Companies Management: Legend Property Group Tax Credit Consultant: Kim Chen, Johannas Design Group
44 Hutzler on Broad 306 East Broad St. 6 Residential Units The commercial space is approximately 733 s.f. & 893 s.f. $1.2 million dollar project Finished April 2013
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48 4N4 Midtown Owner: Bugatti, II, LLC Joint Venture: Howard Kellman of the Edison Company and The Monument Companies Architect: Scott Fowler, Fowler Architecture Bank: Stellar One Tax Credit Consultant: Mimi Sadler Development Consultant: The Monument Companies Contractor: The Monument Companies Management: Legend Property Group
49 4N4 Midtown Project Cost: $8.9 MM 74 Units over parking garage 58 one bedroom units, 14 two bedroom units 1,500 s.f. of Commercial space Occupancy: August 2013
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52 Genesis Properties, Inc.
53 JV between Genesis/Armada Hoffler Former VEPCO HQ $30M development costs 174 luxury units, 60,000 SF commercial, 350 parking units Financed with owner equity, HTC, Enterprise Zone incentives, taxable bonds. Architect Walter Parks Contractor - MGT
54 Shockoe Valley View Apartments 4 story, 151-unit garden style complex Community center, fitness center, pool View of Shockoe Bottom and Downtown $13M financed with 4% taxable bonds Architect Walter Parks Contractor MGT
55 Hatcher Tobacco Flatts 4 story, 151 unit affordable complex in Manchester Located behind Genesis Properties corporate office Architect Walter Parks Contractor MGT $13M development costs financed with 9% LIHTC credits
56 First Freedom Center 14 th & Cary St, Richmond VA
57 First Freedom Center Opening Summer Room Courtyard By Marriott Hotel 75 Room Residence Inn By Marriott Hotel Outdoor Courtyard Area Fist Freedom Center Exhibit Space Monument to First Freedom
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62 Fountainhead Properties
63 The Locks
64 The Locks Project Multi-phase, mixed use redevelopment of former Reynolds North Plant Historic rehab multifamily New construction multifamily Specialty retail Residential condominium High-rise Six-acre site on Byrd Street between 10 th & Virginia, along the Haxall & Kanawha Canals
65 The Locks Historic Rehabilitation Project Four industrial-era buildings 174 apartments 6,000 sq. ft. restaurant 1,000 sq. ft office space Team Developer: Joint venture of Fountainhead Properties & WVS Companies Architect: Walter Parks General Contractor: J.D. Lewis & Branch Construction Lender: VHDA
66 The Locks Progress Opened mid-february % of 174 apartments leased, averaging 34 units per month Achieved break-even within four months of opening Rents averaging $1.67/sq. ft. Restaurant space leased to Casa Del Barco, an upscale Mexican eatery with patio dining on the Haxall Canal
67 The Locks Building 5 52 residential units 3,000 sq. ft. commercial 58 parking spaces Projected cost: $12m Start Fall 2013
68 The Locks North Elevation
69 The Locks South Elevation
70 The Locks West Elevation
71 The Locks East Elevation
72 The Locks East Elevation
73 The Locks Terrace Level
74 The Locks Southwest Elevation
75 The Locks TODAY APPROVED DESIGN View from 12 th Street
76 The Locks High-rise Tower
77 The Locks High-rise Tower
78 South Canal Lofts Project Historic rehabilitation of former Caraustar Paper Mill into 93 apartments
79 South Canal Lofts Team Developer: Fountainhead Properties Architect: Walter Parks General Contractor: KBS, Inc. Lender: Gateway Bank
80 South Canal Lofts Features & Amenities Panoramic views of the James River and downtown skyline Pool, green space Clubroom, fitness center Location Across from the Plant Zero Art Center in Manchester Fronts the James River and Miller s Creek By The Numbers 93 apartments $5 million in historic tax credit proceeds $15 million in development costs
81 Miller Lofts Project Historic rehabilitation of former Miller Manufacturing complex
82 STOCKTON STREET NEW CONCRETE WALK 2 A A A.107 AT TOP OF WALL DOOR TYPE 49 NEW CONCRETE WALK GRASSES GRASSES UP F48 F48 RAMP UP F48 F48 CONCRETE SIDEWALK F48 BENCH YARD CONCRETE PATIO AT GRADE FIREPIT BENCH ACCESS GATE Mark Description Manufacturer Product Name/No. Color/Finish Location Lighting Mounting Notes UNIT FIXTURES LAP LANES BOTTOM OF 8'-0" / 9'-0" F1 50" CEILING FAN W/ LIGHT ROAYL PACIFIC LTD. 1079, CONTEMPO BRUSHED PEWTER BEDROOM & LIVING RM (2) 13W FLUORESCENT WHERE POSSIBLE F2 6" RECESSED CAN LITON LIGHTING LH276-26E-27 with LR12MW trim WHITE BATHTUBS/SHOWERS (1) 26W FLUORESCENT RECESSED DAMP LOCATION F3 VANITY LIGHT ACCESS LIGHTING BS-OPL BRUSHED STEEL, OPAL BATH (1) 24W T5 FLUORESCENT F4 F46 2 A.108 2' FLUORESCENT STRIP W/ COVER AF LIGHTING FL2WR WHITE CLOSETS (2) 17W T8 FLUORESCENT F48 F46 F44 F46 F44 ACCESS GATE 1 A " GUARD RAIL ENTER CONCRETE PATIO AT GRADE EVERGREEN SRUBS 48" GUARD RAIL ACCESS GATE SLOPED CONCRETE SIDEWALK POOL EXIT NATIVE SHRUBS AND PERIMETER GRASSES IN GRAVEL BED GRAVEL W/ LANDSCAPED BEDS, GRASSES AND NATIVE GRASS SHRUBS. LAWN GRASS TO BE RETAINED WHERE EXISTING 3 VISITOR PARKING SPACES 7 PARKING SPACES 30 TOTAL PARKING SPACES F48 F48 LANDSCAPING WALL LOADING X.4 DOCK LOADING DOCK 11 PARKING SPACES ENTER NATIVE SHRUBS AND PERIMETER EXIT RAMP UP LANDSCAPING NATIVE SHRUBS AND PERIMETER LANDSCAPING NEW SIDEWALK WITH ACCESSIBLE RAMP PLAN NORTH EVERETT STREET HORIZONTALLY, CENTER ABOVE MIRROR W/D CLOSETS MOUNT ABOVE DOOR, WALK-IN CLOSETS MOUNT FLUSH TO CEILING IN CENTER OF SPACE F5 UNDER CABINET SUNPARK FL1001 WHITE KITCHEN (1) 8W T5 FLUORESCENT FLUSH TO UNDERSIDE OF CABINET F6 MINI PENDANTS ACCESS LIGHTING BS-WHT BRUSHED STEEL, WHITE KITCHEN (1) 18W FLUORESCENT BOTTOM OF 5'-6" F7 6" RECESSED CAN LTION LIGHTING LH276-26E-27 with LR99SW trim WHITE KITCHEN (1) 26W FLUORESCENT RECESSED F8 ADA WALL SCONCE ACCESS LIGHTING C23991BSLFREN1118B BRUSHED STEEL, WHITE UNIT (1) 18W FLUORESCENT F9 SEMI-FLUSH PENDANT ACCESS LIGHTING COMMON FIXTURES 7'-0" AFF AT STAIRS, 6'-0" EVERYWHERE ELSE C20638BSOPLEH3126Q with (2) S- 501BS BRUSHED STEEL, OPAL UNIT, BUILDING C (1) 26W FLUORESCENT BOTTOM OF 8'-0" F20 FLUORESCENT WALL LIGHTOLIER LSW4R232UNVHI WHITE STAIRWELLS (2) 32W FLUORESCENT WALL MOUNT VERTICALLY, DOOR TYPE 49 NEW SIDEWALK RAMP BUFFER PROPERTY LINE HARDWIRE TO WALL SWITCH, REMOVE REMOTE CONTROLS ADA COMPLIANT WITH TWO SLOPE ADAPTERS, 45 DEGREE ANGLE F21 6" RECESSED CAN LITON LIGHTING LH276-26E-27 with LR99SW trim WHITE CORRIDOR (1) 26W FLUORESCENT RECESSED F22 ADA WALL SCONCE BESA LIGHTING E1-BK WHITE W/ BLACK CORRIDOR (1) 18W FLUORESCENT CENTER OF 6'-0" ADA COMPLIANT, DAMP LOCATION F23 4' FLUORESCENT STRIP AMERICAN FLUORESCENT ST132R8 WHITE UTILITIES (1) 32W T8 FLUORESCENT FLUSH TO CEILING F24 50" CEILING FAN W/ LIGHT ROAYL PACIFIC LTD. 1079, CONTEMPO BLACK LOUNGE (2) 13W FLUORESCENT BOTTOM OF 10'-6" F25 COVE LIGHT DIODE LED DI-0018 WHITE CORRIDOR 12V LED MOUNTED IN LIGHT COVE F26 COVE LIGHT DRIVER F27 DECORATIVE PENDANT LURALINE CP 16 STEM -26TE BL BLACK CORRIDOR/LOBBY (1) 26W FLUORESCENT BOTTOM OF 9'-0", LOUNGE - 10'-6" F28 APARTMENT ENTRY FIXTURE DIODE LED DI-0018 WARM WHITE INTERIOR LIGHTWELLS LED STRIP CENTER OF 6'-0" F29 INSTALLATION FIXTURE DIODE LED DI-0073 WARM WHITE INTERIOR LIGHTWELLS LED STRIP SEE A.802 FOR MOUNTING HEIGHTS EXTERIOR FIXTURES F40 FLUSH MOUNT LUMENTON WSQ400C/PL26/120/B RECESSED ENTRIES FLUSH TO SURFACE F41 DOWN SCONCE LUMENTON W1DQ20/PL18/120/B APARTMENT ENTRIES 18 W, 1 LAMP BUILDING MOUNTED F42 UP DOWN SCONCE LUMENTON W2DQ20/PL226/UNV/B LIGHTING 26 W, 2 LAMPS F43 RECESSED CAN TBD F44 FLOOD LIGHTING TBD HARDWIRE TO WALL SWITCH, REMOVE REMOTE CONTROLS SEE DRAWINGS FOR PLACEMENT. DRIVER REQUIRED EVERY 16.3'. CUSTOM LED STRIP LIGHTING FIXTURE WITH PERFORATED METAL. PROVIDE 1 TRANSFORMER PER 2 APARTMENT ENTRIES. PROVIDE CONTROLLER FOR COLOR CHANGE. (2) 1' STRIPS PER ENTRY. SEE A.802 AND A.803 FOR ELEVATIONS, LAYOUT, AND PLACEMENT. F45 FOUNTAIN LIGHT FOCUS INDUSTRIES SL33-AB BRASS COURTYARD FOUNTAIN 120 V IN FOUNTAIN F46 INGROUND UPLIGHT HADCO IL116GN BRASS 12V IN GROUND USE CPS2 AT CONCRETE AREAS F47 STEP LIGHT LUMENTON SL690/PL18/277/SS STAINLESS STEEL (1) 18W FLUORESCENT RECESSED F48 LIGHT BOLLARD LUMENTON BL307 BLACK SITE FLUORESCENT F49 POLE LIGHT HADCO PA5S4H320H DARK BRONZE PARKING LOTS METAL HALIDE LYTE POLE SSS D1-DB F50 NOT USED BUILDING D SHED F51 FLOOD LIGHT QUALITY LIGHTING PMA-8 LOT D METAL SHED F52 FLOOD LIGHT QUALITY LIGHTING UF3T400PMA-8 LOT D METAL SHED 4 SITE PLAN SCALE: 1/16" = 1'-0" 1 A.106 Miller 1 LIV Space Miller 500 Stockton St. Richmond, VA WALTER G. PARKS, JR. A REVISIONS TAG DATE R C H I T OF No E C T VI ADDENDUM ADDENDUM PERMIT SET CITY COMMENT 313 N. ADAMS STREET RICHMOND, VIRGINIA t: / f: PROJECT #: DATE: 11/14/12 R G I N I A Miller Lofts Project 197 affordable apartments Tenants limited to those with 60% of the average median income Construction begins July 2013 Phase 1 placed-in-service date of May 2014 Phase 2 placed-in-service date of August 2014 Team Developer: Fountainhead Properties Architect: Walter Parks General Contractor: KBS, Inc. Lender: Bank of America E. 5TH STREET NEW CURB AND SIDEWALK Location 500 Stockton St. & 510 Decatur St., between Hull St. and I-95 ramp at Maury St. Two blocks from the Plant Zero MILLER MANUFACTURING LIGHTING SCHEDULE Art Center F44 X 6, UPLIGHTING FOR HOPPERS. COORDINATE LOCATIONS IN FIELD STEEL GATE W/ CALL BOX. F46, INGROUND ACCENT UPLIGHTS FOR EXISTING STEEL COLUMNS PROPERTY LINE EXTERIOR LIGHTING SCHEDULE 5 PARKING SPACES 5' STEEL FENCE LIGHT POLE COMMONWE ALT H Features & Amenities Panoramic view of the downtown skyline from rooftop Pool, courtyard Clubroom, fitness center Granite, stainless steel BUILDING A BUILDING B BUILDING C GRASSES AROUND PATIO LOADING DOCK PATIO LOADING DOCK PATIO SECONDARY ENTRANCE LOADING DOCK PATIO CONCRETE RETAINING WALL W/ RECESSED STEP LIGHT F47 AT 48" O.C. TO LIGHT RAMP. 42" STEEL GUARD RAIL LOADING DOCK PATIO MAIN ENTRANCE E. 6TH STREET GRASSES IN GRAVEL BED AUTOMATIC CAR GATE BUILDING D 4 PARKING SPACES GRASSES IN GRAVEL BED AUTOMATIC CAR GATE CONCRETE RETAINING 5' STEEL FENCE 5' STEEL FENCE PROPERTY LINE 42" STEEL FENCE WATER SERVICE STEEL GATE W/ CALL BOX. 42" STEEL FENCE 24" WIDE LANDSCAPED walter PARKS A R C H I T E C T GENERAL INFO SITE PLAN A.106
83 909 PERRY STREET MANCHESTER DISTRICT NEW CONSTRUCTION 44 APARTMENTS LEASING OFFICE CLUBHOUSE/GYM 48 PARKING SPACES OVER 40,000 SQ. FT. COMPLETION: JULY 2012 TOTAL INVESTMENT: 5.2 MILLION Miller & Associates JUNE 2013
84 1020 PORTER STREET MANCHESTER DISTRICT NEW CONSTRUCTION 8 APARTMENTS 0 9 PARKING SPACES APPROXIMATELY 6,500 SQ. FT. COMPLETION: MAY 2013 TOTAL INVESTMENT: 1 MILLION Miller & Associates JUNE 2013
85 ONE WEST JACKSON JACKSON WARD NEW CONSTRUCTION 54 APARTMENTS 1 CORNER COMMERCIAL SPACE 58 PARKING SPACES APPROXIMATELY 40,000 SQ. FT. COMPLETION: JUNE 2013 TOTAL INVESTMENT: 5.3 MILLION Miller & Associates JUNE 2013
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87 Presented by: Tara Carter The Square Apartments Hopper Lofts
88 Developer: George Emerson and Phil Roper Architect: Walter Parks Architect Construction Company: Emerson Construction Group, Inc. Bank: Arbor Financial Managed by: Plus Management $26 million development underwritten by HUD
89 Northwest corner of Shafer Street and West Grace
90 152 units 10 stories
91 1 st floor retail (3522 sf) 16,380 square feet
92 Unit Mix 74 1 bedrooms 55 2 bedrooms 23 3 bedrooms 65 garage parking spaces $1.75 psf average rent Rooftop deck Wii lounge Recreation Room
93 Developer: Tom Wilkinson Architect: Walter Parks Architect Construction Company: MGT Construction Bank: Stellar One Managed by: Plus Management $21 million development with $7 million in historic tax credit equity and $3 million of developer equity
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99 Success Story Opened October units 98-1 bedrooms / 41-2 bedrooms Currently 60% occupied / 75% preleased Average rent $1.45
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104 Historic Housing 2013 Development Projects Railroad Y Shiplock Watch Canal Walk Lofts Phase 4
105 Railroad Y Originally developed in apartments and two restaurants Had been very nice, but finishes not current With pending area improvements, we wanted to modernize the building
106 Railroad Y
107 Shiplock Watch Originally developed in 1998 as one of the first historic tax credit projects in Virginia Had been 36 apartments, is now 51 apartments These large units with unique location were well-suited to a growing segment of the apartment market. Improvements make this building one of the nicest in downtown.
108 Shiplock Watch
109 Canal Walk Lofts New apartments over approximately 250 structured parking spaces in the last undeveloped lot along Tobacco Row. As nice as any rental housing anywhere in the Richmond region. All units will have Bluetooth stereo systems, Verizon FIOS, doorside trash pickup, and more. Will offer electric vehicle charging stations for residents inside the parking garage.
110 Canal Walk Lofts 4
111 The Black History Museum and Cultural Center of Virginia
112 The First Battalion Virginia Volunteers The Leigh Street Armory
113 1 st Battalion Virginia Volunteers Richmond Attuck Guards
114 The Vision the beautifully lighted armory could be seen from this section glowing in magnificent splendor
115 Entrance
116 Join us!
117 Stettinius Gallery Campaign
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119 Richmond History Center Clay St.
120 Multi-Purpose Room
121 Richmond History Gallery
122 Richmond History Gallery
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125 Modifications to Shiplock Park Trailhead for Virginia Capital Trail Informational Kiosk w/solar panel Bike racks Benches Engraved Bricks Overall Park Improvements Accent lighting Biofilter to treat storm runoff Trees Grass Bike accessible ramp on either side of lock to Chapel Island
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129 Rocketts Landing Insert Presenter Company Logo Here
130 Rocketts Landing Masterplan James River Richmond City Insert Presenter Company Logo Here
131 Phase 1 aerial photo Insert Presenter Company Logo Here
132 Cedar Works 2 Office space rendering Insert Presenter Company Logo Here
133 Brown Greer exterior Insert Presenter Company Logo Here
134 Brown Greer entrance lobby Insert Presenter Company Logo Here
135 Brown Greer small conference room Insert Presenter Company Logo Here
136 Brown Greer third floor interior Insert Presenter Company Logo Here
137 Brown Greer staff dining room Insert Presenter Company Logo Here
138 Riverfront Townhomes from the back Insert Presenter Company Logo Here
139 Riverfront townhomes from the River Insert Presenter Company Logo Here
140 Memorial Day fireworks on the River Insert Presenter Company Logo Here
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155 Venture Richmond Downtown Development Forum June 27, 2013
The Hippodrome Theater and Taylor Mansion
Snapshot Updates of 42 Developments 1,384 Apartments 1,415 Beds for Students Over 800,000 S.F. Commercial Space Over $820 Million Investment MWV Center for Innovation & Technology relocates from Raleigh
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Timeless Architecture. Landmark Living.
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FACTS & HIGHLIGHTS. The community will attract young professionals and provide a housing option for empty nesters.
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THE SQUARE. Office Condo Development FOR SALE. 22 Units Totaling 36,722 SF Units Ranging From 1,488-2,730 SF
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