Waterstone at Lexington Bridges at Lexington

Waterstone at Lexington Bridges at Lexington Senior Housing Communities National Development Ted Tye, Managing Partner Steve Senna, Vice President Presentation to the Lexington Planning Board September 12, 2018

Agenda Review Program and Benefits Updates and Requested Information Transportation Rick Bryant, Stantec Architectural Design John Martin, Elkus Manfredi Architects Additional Views Next Steps

Project Overview Lot A (Bridges at Lexington) 4.35 acres 48 units of memory care assisted living 1 story and 2 story (w/ garden level) Significant tree buffer along property lines Lot B (Waterstone at Lexington) 13.18 acres 116 units of independent and 40 units of assisted living (156 total) 3 and 4 stories over a podium Significant tree buffer along property lines

Project Benefits Important long term housing option for Lexington residents and their families. Minimal demands on Town infrastructure (schools, services, etc.) Lowest traffic generation of any residential use 17 Independent Living apartments will be affordable Architectural design, landscaping and scale appropriate for site with emphasis on buffering Significant contribution to Town s real estate tax base

Updates

Updates 1. Conservation Restriction 18.68 acres of land permanently protected Includes 10.9 acres that Belmont Country Club has agreed to add to the project

Proposed Conservation Restriction Area

Updates 2. One story of Waterstone building removed John Martin to review Effective height of 3-story building

Updates 3. Fiscal Impact Recurring Annual Revenue: >$700,000 year Real Estate Taxes: $600k Personal Property Taxes and other Fees: $100k Nonrecurring Revenue (permit fees): >$350,000 Expenditures: Fiscal impact report methodology primarily public safety allocation, no new personnel or capital expense anticipated.

Updates 4. Environmental Design Designed to LEED Silver standard Low impact design for site 18 acres of conservation area

Updates 5. Off-site pedestrian improvements and connection to bus lines Rick Bryant will review

Requested Information

Bridges at Lexington Lot A

Bridges at Lexington Proposed Architecture for Lot A

Shadow Study Impact: None

Bridges at Lexington Zoomed out Zoomed in

Bridges Roof Plan Roof Well Cooling Tower

Summer and Winter View of Entry

Bridges at Lexington - existing

Bridges at Lexington - proposed summer

Bridges at Lexington - proposed winter

Summer and Winter View from Watertown Street

Bridges at Lexington - existing

Bridges at Lexington - proposed summer

Bridges at Lexington - proposed winter

Summer and Winter View from Golden Avenue

Bridges at Lexington - existing

Bridges at Lexington - proposed summer

Bridges at Lexington - proposed winter

Waterstone at Lexington Lot B

Summer and Winter Waterstone Entry Views

View from Watertown St. looking Northwest

View from Watertown St. looking Northwest Existing Condition

Looking Northwest Proposed Summer

Looking Northwest Proposed Winter

Traffic

Transportation Study and Proposed Improvements Rick Bryant, Stantec

Outline Traffic Impact Study Peer Review Recommendations

Traffic Study

PM Peak Hour Traffic Volumes

Development Program Program: 48 Memory Care 40 Assisted 116 Independent

PM Peak Hour Trips 45 40 41 Total 35 30 25 30 20 15 14 Total 10 5 11 14 0 Lot B Lot A MC/AL Independent

Trip Distribution

PM Peak Hour Traffic Increases

PM Peak Hour Level of Service B B D

Peer Review the traffic study conforms to industry standards and best engineering practices.

Proposed Improvements

Safety

Pedestrian Accommodations

Bike Accommodations

Bus Route Map

Sidewalk Map

Waterstone Design John Martin, Elkus Manfredi Architects

Waterstone

Additional Views

Waterstone

View from Route 2 looking South at Lot B

West Elevation - Prior Remove this floor

North Elevation - Current Floor removed...

View from Route 2 - Existing

View From Route 2 Original Design

View From Route 2 Change Lower building height by removing the top floor

View From Route 2 Current

View From Route 2 side by side

Winter View Rt. 2 to Briggs Rd

View From Route 2 Current Winter

Project Timeline & Next Steps Summer 2018 Planning Board Early Fall 2018 Board of Selectmen MOA Late Fall 2018 Town Meeting Vote Winter 2018 61A process Spring 2019 Construction Start Summer/Fall 2020 Construction Completion

Comments and Input Welcome Steve Senna Vice President National Development ssenna@natdev.com (617) 559-5046 www.courbanize.com www.natdev.com