Infill Development Panel. Presented By:

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1 Infill Development Panel Presented By:

2 Tom Ingram Akerman LLP Chair - ULI North Florida

3 Presenting Sponsor

4 Kirk Wendland Executive Director Office of Economic Development City of Jacksonville

5 Chair, ULI North Florida Capital Region City Wide Infill Development Alex Sifakis President, JWB Real Estate Capital

6 Infill New Construction 117 Properties Under Construction 224 Properties In Pre- Construction

7 Infill Development 325 Developed Lots 301 Lots Under Development

10 Chair, ULI North Florida Capital Region 20 West Adams Street Dr. Chris Holland Vice President of Student Services, FSCJ

11 Downtown Immersion Project 20 West Adams Street FSCJ CAMPUS LOCATIONS & NEW STUDENT HOUSING NEW STUDENT HOUSING

12 20 W. ADAMS EXTERIOR RENDERINGS Housing 58 Students 2 Resident Advisors 4,800 sq ft. Culinary Café Farm to table; Open M-F Breakfast & Lunch; Seating 40-50

13 Typical Floor Plan 4 Separate Suites BEDROOM SHARED LIVING AREA KITCHEN

14 Typical Floor Plan 4 Separate Suites LOUNGE AREA ELEVATOR LOBBY BATHROOM

15 MODERN BEDROOM, LIVING ROOM & KITCHEN SPACE

16 STUDENT HOUSING FEATURES & BENEFITS Target opening for Fall 2017 Student financial aid for housing costs On site personnel 24/7 Energy-efficient options (laundry, HVAC, toilets, shower heads etc.) Kitchen with complete appliance package-refrigerator, microwave, dishwasher and range Laundry available on each floor Utilities included Outdoor lounge area Transportation including bus routes Parking is available for $90 per month Student programming Community colleges across the country are creating residential housing opportunities to: o Enhance learning experiences through living-learning communities o Increase retention of enrolled students o Increase student success measures (higher GPA, persistence and completion rates) by providing a safe environment conducive to social and academic learning FSCJ survey resulted in 1,490 current students expressing interest in student housing Revitalizes a vacant historic building after 20 years Renews energy and vitality into the urban core of the City by increasing student life

17 Chair, ULI North Florida Capital Region Brooklyn Station Riverside Patrick McKinley Vice President Market Officer Regency Centers

Inception Fill the specialty grocer void Vision and knowledge that urban infill was going to happen in and around the Brooklyn neighborhood a young, vibrant, and active community Additions of

18 Inception Fill the specialty grocer void Vision and knowledge that urban infill was going to happen in and around the Brooklyn neighborhood a young, vibrant, and active community Additions of Unity Plaza, YMCA, The Brooklyn Riverside and Riverside 220 apartments Wanted to be a part of Brooklyn s growth, as well as the city s continued push for revitalization in the downtown market 18

Vision & Branding Create a sense of place, through center naming and branding The site was an early trolley and rail stop and shopping district that featured a grocery store in the mid-19th century

19 Vision & Branding Create a sense of place, through center naming and branding The site was an early trolley and rail stop and shopping district that featured a grocery store in the mid-19th century The center s brand reflects the area s rich retail heritage Increased interest in the Brooklyn neighborhood Engender goodwill within the community by creating excitement and a sense of ownership. 19

Merchandising Maximized the amount of highly visible street-front

Unique and colorful storefronts and facades that also worked

that is synergistic in and of itself and desirable to the

20 Merchandising Maximized the amount of highly visible street-front retail Unique outdoor seating areas Rooftop dining with views Unique and colorful storefronts and facades that also worked cohesively with the surrounding residential Focus on a tenant mix that is synergistic in and of itself and desirable to the surrounding residential and office populations Mix of local and national concepts 20

Fresh Look Unique placemaking with the right

progressive neighborhood multi use redevelopment

concepts Accessible from nearby walking and bike paths

21 Fresh Look Unique placemaking with the right merchandising mix Retail component of a very progressive neighborhood multi use redevelopment Merchandised with a dynamic mix of local and national concepts Accessible from nearby walking and bike paths that lead to surrounding neighborhoods, downtown, and Jacksonville s Northbank 21

neighborhood close to downtown, comprised of four blocks along Riverside Avenue Total of 604

22 Final Results Introduced The Fresh Market, the 1 st specialty grocer in a 10-mile radius Direct visibility to 22,500 VPD along Riverside Avenue Capitalized on a high-growth neighborhood close to downtown, comprised of four blocks along Riverside Avenue Total of 604 dwelling units, and an additional 1,000 people in the area Created approximately 200 new jobs in the area 22

23 Jacksonville Beach Development Bill Mann, AICP, FRA-RP Director, CRA Administrator Planning & Development Dept. City of Jacksonville Beach

29 Chair, ULI North Florida Capital Region Manifest Distilling Trey Mills Co-Founder Manifest Distilling

35 University & Merrill Corridors, Arlington Allan Iosue Director of Development/Associate Pond & Co

36 What are the benefits of Complete Streets? Complete Streets Stimulate the local economy Providing the infrastructure for people to get to work by walking, biking or taking transit can provide a boost to the economy and local businesses will benefit from increased direct foot and bicycle traffic. Complete Streets spur private investment The addition of space for sidewalk cafes and a redesign of the street for pedestrians is typically followed by private investment, including residential, retail and offices, resulting in a vibrant downtown destination. Complete Streets raise property values Complete Streets policies lead to networks of streets that are safe and accessible for people on foot or riding bikes, which in turn raises property values. Complete Streets JACKSONVILLE University and Merrill Corridors TRANSPORTATION Jacksonville Transportation AUTHORITY Authoritys Allan Iosue, PLA Director of Development -Pond & Company

37 Main streets Shared commercial streets

39 Create Context Zones

40 Complete Streets provide enhanced development opportunities!

41 Chair, ULI North Florida Capital Region YMCA Riverside Penny Zuber Executive Vice President, COO-CFO, YMCA

42 CHALLENGES Site Delay in starting the project from time of pricing Keeping current site open during construction Financing Fundraising Parking NOW and FUTURE

43 OPPORTUNITIES Capitalize on the river to enhance building design Building design Being an early stimulus to the re-birth of Downtown and Brooklyn Major focus on using local businesses to design and construct the building

44 SUCCESS Fundraising Community impact Healthy Living Center

45 LESSONS LEARNED Importance of relationship, construction team Difficulty engaging local, small, minority-owned businesses Convincing community, members that this time, it s really going to happen! IMPACT

46 THANK YOU

47 Chair, ULI North Florida Capital Region One Enterprise Building Office Space Trevor Lee, AIA Senior Vice President Gresham, Smith & Partners

48 Challenges to Urban Infill Projects Perception: Location

49 Parking Thousands of spaces within a mile Cost: $25 - $150 DIA Partnership Cost Rent: $4 $6 cheaper per SF Cost neutral Tenant Improvement Transient Population Conspicuous but harmless Space Perception: Location

50 Perception: Location

51 Perception: Space

52 Public Spaces Collaboration Spaces Workstations CORE Perception: Space

53 Thank you

55 Infill Development Panel Presented By:

Downtown Development Focus Area: I. Existing Conditions

Downtown Development Focus Area: I. Existing Conditions The Downtown Development Focus Area is situated along Route 1, south of the train tracks, except for the existing Unilever property. It extends west