Polk/Des Moines Assessor - Photograph 7824-04-459-003 http://www.assess.co.polk.ia.us/cgi-bin/seephoto/photosize.cgi?size=large&gp=782404459003[5/12/2011 10:52:02 AM]
ADJACENT PROPERTY ZONING C-3 EXIST. BUS SHELTER TO VICINITY MAP This drawing is an instrument of service and the property of GE Wattier Architecture, Inc. and shall remain his property. The use of this drawing shall be restricted to the original site for which it was prepared and publication thereof is expressly limited to such use, reuse or reproduction. Publication by any method, in whole or part, is prohibited without written permission of GE Wattier Architecture, Inc. UP DN REVISED TENANT DOOR SYSTEM EXIST TRASH CAN TO ge WATTIER architecture, inc. 305 east court avenue des moines, ia 50309 T 515.243.0074 F 515.243.0075 info@gewattier.com www.gewattier.com FLEMING BUILDING C:\revit - gwattier\fleming Building Central_gwattier.rvt 5/9/2011 3:0:42 PM LAST PLOTTED: ADJACENT PROPERTY ZONING C-3 NEW EXIT STAIR UP NEW STOREFRONT WINDOW SYSTEM REMOVE EXIST TREE GRATE AND PROVIDE NEW PLANTINGS PER CITY OF DSM STANDARDS FUTURE RESTAURANT SPACE TREE TO NEW STOREFRONT WINDOW SYSTEM REMOVE EXIST TREE GRATE AND PROVIDE NEW PLANTINGS PER CITY OF DSM STANDARDS 1 UDRB, P&Z, Site Plan - SITE PLAN A1 SCALE: 1/8" = 1'-0" TREE TO EXIST BIKE RACK TO EXIST. PARKING METER TO CONCRETE PAVING TO NEW REVOLVING DOOR AND SWING DOORS NEW EXIT STAIR EXIST ACCESS COVER TO TH AVENUE FUTURE COMMERCIAL SPACE TREE TO STOREFRONT SYSTEM TO REMOVE EXIST TREE GRATE AND PROVIDE NEW PLANTINGS PER CITY OF DSM STANDARDS CONCRETE PAVING TO EXIST. STREET LIGHT TO REAMIN STOREFRO NT SYSTEM TO FUTURE COMMERCIAL SPACE STOREFRO NT SYSTEM TO EXIST. WALK SIGNAL TO EXIST. BRICK PAVERS TO EXIST TREE AND GRATE TO EXIST. WALK SIGNAL TO EXIST. WALK SIGNAL TO EXIST. CURB AND GUTTER TO WALNUT STREET SITE PLAN NOTES 1. PROPERTY ZONING C-3 2. NO EXTERNAL TRASH DUMPSTER OR ENCLOSURE 3. ALL NEW ROOFTOP MOUNTED MECHANICAL EQUIPMENT WILL BE SCREENED FROM STREET LEVEL VIEW 4. ANY AMENDMENTS OR CHANGES TO THE PROJECT SITE THAT DO NOT MEET WHAT IS SHOWN ON THE SITE PLAN NEED TO BE APPROVED WITH THE PERMIT AND DEVELOPMENT CENTER PRIOR TO INSTALLATION OR CONSTRUCTION. OWNER INFORMATION ND 22 FLEMING, LLC, 1045 7TH STREET WEST DES MOINES, IOWA 502 CONTACT: Jake Christensen (jake@christensendevelopment.com) LEGAL DESCRIPTION E1/2 LOTS 7&8 BLK 11 FORT DES MOINES PROPOSED USE NEW RESIDENTIAL APARTMENTS ON FLOORS 3-11. FIRST FLOOR COMMERCIAL/RESTAURANT TO AND SECOND FLOOR OFFICE TO. CERT. STATEMENT I hereby certify that the portion of this technical submission described below was prepared by me or under my direct supervision and responsible charge. I am a duly registered architect under the laws of the state of Iowa. Greg Wattier, AIA, President, Iowa License #05455 G.E. Wattier Architecture, Inc. Pages or sheets covered by this seal: G.100, G.200 Date issued: Signature DATE PRELIMINARY - NOT FOR CONSTRUCTION Fleming Building SHEET AUTHOR CHECKED BY PROJECT MANAGER ISSUE DATE 5/9/11 Author Checker Approver SHEET NAME SHEET NUMBER 04 Walnut Street, Des Moines, IA 50309 JOB NUMBER ISSUE TITLE REVISION SCHEDULE NO. DESCRIPTION DATE UDRB, P&Z, Site Plan - SITE PLAN A1 2011-07 Site Plan Submittal
HP Roof HP Roof 11' - " REMOVE ALUMINUM WINDOW UNIT AND REPLACE WITH NEW WINDOW UNIT REMOVE ALUMINUM WINDOW UNIT AND REPLACE WITH NEW WINDOW UNIT NO WINDOW WORK PROPOSED 5 NO WINDOW WORK PROPOSED 5 1' - 7 1/2" NO STOREFRONT WORK PROPOSED 1 3 3 4 3 2 NO STOREFRONT WORK PROPOSED 11' - 0" 2 UDRB, P&Z, Site Plan - NORTH ELEVATION A2 1 UDRB, P&Z, Site Plan - EAST ELEVATION A2 C:\revit - gwattier\fleming Building Central_gwattier.rvt 5/9/2011 3:0:49 PM ELEVATION KEYNOTES Note Descrition 1 REPAIR DAMAGE @ STOREFRONT GLAZING & REPAIR STORFRONT DOOR (MAKE OPERATIONAL) 2 NEW STOREFRONT & REVOLING ENTRY DOOR 3 NEW ALUMINUM STOREFRONT SYSTEM 4 NEW STOREFRONT - OPERABLE DOOR LOCATION 5 EXIST. SECOND FLOOR WINDOWS TO NEW REPLACEMENT WINDOWS FLOOR 3-11 PER NPS/SHPO STANDARDS UDRB, P&Z, Site Plan - EAST & NORTH ELEVATIONS Fleming Building 04 Walnut Street, Des Moines, IA 50309 3/32" = 1'-0" 5/9/11
HP Roof HP Roof REMOVE ALUMINUM WINDOW UNITS AND REPLACE WITH NEW WINDOW UNIT REMOVE ALUMINUM WINDOW UNITS AND REPLACE WITH NEW WINDOW UNITS NO WINDOW WORK PROPOSED 5 WOOD WINDOWS TO Boiler Room Floor -19' - " Boiler Room Floor -19' - " C:\revit - gwattier\fleming Building Central_gwattier.rvt 5/9/2011 3:07:05 PM 1 UDRB, P&Z, Site Plan - SOUTH ELEVATION A3 2 UDRB, P&Z, Site Plan - WEST ELEVATION A3 ELEVATION KEYNOTES Note Descrition 1 REPAIR DAMAGE @ STOREFRONT GLAZING & REPAIR STORFRONT DOOR (MAKE OPERATIONAL) 2 NEW STOREFRONT & REVOLING ENTRY DOOR 3 NEW ALUMINUM STOREFRONT SYSTEM 4 NEW STOREFRONT - OPERABLE DOOR LOCATION 5 EXIST. SECOND FLOOR WINDOWS TO NEW REPLACEMENT WINDOWS FLOOR 3-11 PER NPS/SHPO STANDARDS UDRB, P&Z, Site Plan -SOUTH & WEST ELEVATIONS Fleming Building 04 Walnut Street, Des Moines, IA 50309 3/32" = 1'-0" 5/9/11
COMMUNICATION URBAN DESIGN REVIEW BOARD CITY OF DES MOINES, IOWA MAY 17, 2011 MEETING Subject: Recommendation Prepared by: PRELIMINARY DESIGN REVIEW AND PROPOSED FINANCIAL ASSISTANCE PACKAGE FOR ADAPTIVE X APPROVE DISAPPROVE RITA CONNER 283-4019 REUSE OF FLEMING BUILDING (04 WALNUT STREET ) NO ACTION OTHER Attachment Listing: http://www.dmgov.org/government/boards/urbandesignreviewboard/pages/meetings.aspx Summary: The Fleming Building, constructed in 1907, is located at 04 Walnut Street. Nelson Development proposes to redevelop the significantly vacant historic building into 110 market rate residential units, with commercial/ retail uses on the first floor. The adaptive reuse project will contribute housing to the downtown market and reduce the amount of vacant office space downtown by 0,000 square feet. The project was presented to City Council in June 2010 for approval of preliminary terms of agreement and referral to the Urban Design Review Board. At the time, the project cost estimate was $14 million, the project was eligible for 10 year 100% residential tax abatement, and the proposed financial assistance was requested to respond to an identified financing gap with a net present value of $1.1 million. The assistance was proposed as ten annual grant installments of $10,000, to be funded from tax increment generated by the Metro Center Urban Renewal Area. The project originally anticipated beginning construction in 2010, but was delayed by the challenge of securing bridge financing in the difficult economic climate. In 2011, the updated construction cost estimate is $18 million, the 10 year 100% residential tax abatement plan is no longer in effect, and due to anticipated reduced commercial valuation in the Metro Center Urban Renewal Area, the anticipated tax increment is no longer available to assist the project. Nelson Development has not requested any additional financial assistance due to the higher project costs. Conventional financing and other sources have been secured. OED has worked with the 2010 proposed city assistance amount, attempting to present an alternate structure that recognizes the changes that have occurred in the City of Des Moines available economic development tools and programs. The projected date to initiate construction is Summer 2011. Scope of Review Board to make recommendation to City Council on: Design review of renovation /remodeling/new construction for City-owned or leased project Design review for urban renewal project with specific development requirements Whether a proposed urban renewal project qualifies for funding from tax increment. Whether the level of financial assistance funded from tax increment revenues proposed for a specific individual project are reasonable and appropriate. The selection of urban renewal sites for clearance or rehabilitation and problems relating to acquisition, clearance or rehabilitation of property, relocation of displaced persons and disposition of acquired property. Skywalk System Other Urban Design Review Board Action: The board is requested to review the proposed building design and the level of financial assistance requested, and provide recommendation to the City Council.
URBAN DESIGN REVIEW BOARD MAY 17, 2011 AGENDA PAGE 2 Staff Recommendation: Recommend approval of the project design and financial assistance as requested. Project Design and Building Information The Fleming Building was designed by architect Daniel Burnham, who also designed the Flatiron Building in Manhattan s Madison Square and Union Station in Washington, DC. The brick and masonry building will require extensive renovations, including new windows, asbestos abatement, construction of a new 11 story internal stairwell, and complete heating and cooling system replacement. The current cooling system utilizes treated municipal water to cool the building, which is then released into the sewer system. Other planned energy saving enhancements will include new compact florescent lighting and installation of a new, high efficiency boiler. The 107,0 square foot building will be renovated into 110 market rate apartment units on floors 2-11. The first floor will be retail/commercial uses. The building s reuse is consistent with City of Des Moines policies and planning goals to reuse vacant office space and create housing opportunities downtown. Currently, the downtown housing vacancy rate is less than 4%, with new projects leasing up within months. The Fleming Building s conversion to housing provides a population that will support commercial businesses and services, and also provides a housing option that is proximate to public transportation and employment. In addition, during the 12 month construction period, the project will provide nearly 150 construction jobs. Tenant parking will be negotiated by the developer in one of the city s parking ramps. Project Financial Information The Fleming Building s current assessed valuation of $93,000 is a 73% decrease from its peak in 1995. It is recognized that new investment and increased occupancy is the only means of stemming that tide, bringing the building back to full service and increasing taxable valuation. The $18.4 million project will be funded with a combination of sources, including State and Federal Historic Tax Credits, conventional financing, Enterprise Zone tax credits (State of Iowa benefits designed to respond to areas in need of revitalization), and developer equity. Primary and bridge lenders are committed. The financial gap of $1.1 million, after all available sources have been applied, is reflective of the costly nature of converting an historic office building into market rate housing. As stated in the summary section of this report, OED presented preliminary terms of agreement to City Council in 2010, proposing ten annual installments of $10,000 to assist the project, provided by tax increment generated by the Metro Center Urban Renewal Area. The alternative proposal is to provide a non-tif Economic Development Grant of $10,000 for five years (year 1-5), to replace the amount previously provided by Metro Center tax increment. The project will have 5 year 100% residential tax abatement in years 1-5 as well, in accordance with the abatement plan in place. In years -10, the project would receive an Economic Development Grant funded by new tax increment on the project, not to exceed the amount of new taxes paid. This would replace the loss of the second five years of 100% tax abatement. Finally, in years 11-15, an Economic Development Grant of $10,000 annually, funded by tax increment generated by the project. Years 1-20 would provide new unobligated taxes, essentially a return of the cash infusion provided by an alternate source in years 1-5. This revised schedule provides the same total amount of assistance, particularly in the initial years of the project, when debt is high and revenue is generally lower. This scenario also requires the assistance to be project generated, which has been difficult for downtown office to housing conversions to provide. Nelson Development has conducted a number of other successful housing projects in downtown Des Moines. A total of 70 market rate rental units and over $10,000,000 in new taxable valuation were created through the adaptive reuse of the L & L Insulation Building (Hawkeye Transfer Lofts). The construction of E-300 provided 79 market rate units and over $9,000,000 in new taxable valuation. In addition, Jake Christensen of Nelson Development converted a portion of the historic Liberty Building into condominium units and later the Hyatt Place Hotel, adding nearly $20,000,000 in new taxable valuation for the City of Des Moines.