RV 2014: Great Expectations for Large-Scale TOD by Cynthia Parker

•Télécharger en tant que PPTX, PDF•

0 j'aime•1,042 vues

This document provides information on three housing development projects by BRIDGE Housing. It summarizes the following: 1) A mixed-use transit-oriented development with 516 market-rate and 108 affordable homes, commercial space, and a childcare facility on 7.76 acres near transit. BRIDGE will develop the infrastructure and some housing in phases from 2012-2023. 2) A project with 130 affordable family apartments, 70 senior apartments, commercial space, and infrastructure upgrades on 4 acres of former school district land. BRIDGE will co-develop this in phases from 2012-2015. 3) A 202-unit affordable senior housing project with funding from HUD, the city, and grants. BR

Ingénierie

Cynthia A. Parker
President & CEO, BRIDGE Housing

33
• 7.76 acres
• 516 market-rate apartment
style homes
• 108 affordable apartments
• 42,500 sf commercial/
retail
• 5,000 sf child care facility
• 478-stall parking garage

44
• Transit agency land: goal to intensify uses to increase
ridership/access
• State infrastructure bonds
• Local agency investment
• Private-sector involvement
• BRIDGE as horizontal (+ some vertical) developer
• Phased development
Phases Construction Completion
One: Infrastructure and Garage 2012 2014
Two: Affordable Development 2013 2015
Three to Five: Market Rate 2015-2021 2016-2023

1010
Market Rate
+ Retail
Affordable
BART Garage &
Infrastructure
Sources
Construction Loan $211,440,580 $0 $0
Permanent
Mortgage
$0 $2,246,000 $0
Investor Equity $106,044,620 $16,686,000 $0
City RDA $7,808,000 $17,200,000 $6,531,000
Proposition 1C $0 $4,793,000 $35,176,000
Federal Funds $0 $0 $1,938,000
Total Sources $325,293,200 $40,925,000 $43,645,000 $409,863,200
Uses
Acquisition $20,440,000 $4,436,000 $4,906,000
Construction $228,745,200 $26,366,000 $26,879,900
Indirects $37,610,000 $3,953,000 $6,916,000
Finance $17,104,000 $2,904,000 $0
Contingency/Rese
rves
$12,707,000 $632,000 $2,886,900
Organizational $8,687,000 $2,634,000 $2,056,200
Total Uses $325,293,200 $40,925,000 $43,645,000 $409,863,200

1111
Project Summary
 4 acres
 130 family apartments
 70 senior apartments
 Day care facilities
 Market-rate live/work lofts
 Commercial, retail, office
 Significant infrastructure
upgrades
 $84.4MM (infrastructure,
family, senior)

1212
• San Diego Unified School District land (former maintenance
facility)
• BRIDGE co-developer w/ local nonprofit
• Federal, state and local funding
• Infrastructure: storm drains, water, sewer, undergrounding
of power lines
• Phased development
Phases Construction Completion
One: Infrastructure 2012 2013
Two: Family and Senior Affordable 2013 2015
Three: Future Phase Rental/(Ownership TBD TBD

1616
Sources of Funds
Perm Loan - B of A $ 3,390,000
TOD Loan $ 7,150,000
MHSA Loan $ 1,462,000
City of San Diego, SD Housing Commission Loans $ 9,755,000
TOD, IIG, CALReUSE, SANDAG grants $ 12,691,817
City of SD, SDHC, TOD Loans - Construction Interest $ 286,516
Deferred Dev Fee $ 488,000
Investor Equity $ 21,282,981
GP Equity $ 158,106
TOTAL SOURCES $ 56,664,420
Uses of Funds
Acquisition / Infrastructure $ 7,199,251
Construction $ 37,020,642
A/E, Permits $ 5,755,541
Indirect Expenses - marketing, legal, title, insurance, etc. $ 831,000
Financing and Carry Costs $ 2,491,439
Other Soft Costs - taxes, contingency, reserves $ 708,080
TCAC & Syndication Costs $ 158,468
Developer Fee $ 2,500,000
TOTAL USES $ 56,664,420

1717
Sources of Funds
SDHC Loan $ 4,275,096
HUD 202 Capital Advance $ 4,868,300
HCD TOD Loan $ 3,850,000
TOD/IIG/CALReUSE/SANDAG $ 3,637,039
Investor Equity $ 11,026,300
GP Equity $ 1,142,837
TOTAL SOURCES $ 28,799,572
Uses of Funds
Acquisition $ 2,569,659
Construction $ 15,907,333
A/E, Permits $ 2,909,836
Indirect Expenses $ 840,000
Financing and Carry Costs $ 1,258,800
Soft Cost Contingency $ 200,000
Operating Reserves $ 2,493,833
Syndication Costs $ 120,111
Developer Fee $ 2,500,000
TOTAL USES $ 28,799,572

Contenu connexe

Similaire à RV 2014: Great Expectations for Large-Scale TOD by Cynthia Parker

Connecticut Green Bank Stakeholder Webinar Quarter 4 FY17

RudySturkCGB

OEDA Infrastructure Puzzle Power Point 3-3-15

David Robinson

City Manager's Recommended 2015 Investment Plan

City of Dayton

A Crash Course in Canadian Non-Dilutive Funding

Boast Capital

Real Estate Crowdfunding Workshop - CrowdfundSuite

CrowdfundSuite

Miami-Dade Water and Sewer Department Capital Improvement Overview

floridawaterdaily

Tax Increment Financing (TIF) is the #1 local funding source for revitalization of downtowns and urban areas. Such areas face far different challenges than industrial parks or mixed-use neighborhoods when it comes to formulation and implementation of TIF plans. When used successfully in urban areas and downtowns, TIF can not only grow jobs and property tax base, but also serve as a tool for remediating environmental contamination, integrating green design into infrastructure and the built environment, reestablishing a community’s commercial core, improving bikeability, and retrofitting a suburban-style development pattern into walkable urban streets.

Downtown & Infill Tax Increment Districts: Strategies for Success

Vierbicher

Daycare: Urban Land Development Project

Ashley Garvey

Granite Ridge Tax Increment Financing Plan

Karen Pollard, CEcD, EDP

Granite ridge tif

Rochester Economic Development

Sunnyvale Walk the Talk Forum

lanthaon

SNEAPA 2013 Thursday c2 1_45 meeting the growing demand

American Planning Association - Massachusetts Chapter

JLL Detroit Office Outlook: Q4 2015

Aaron Moore

The Denton County Transportation Authority (DCTA) will host a series of open house meetings in September to share major agency projects and initiatives, including: proposed regional fare changes, promotional A-train free fare zones, recent August service changes, Brownfield Remediation Project, Program of Projects, FY’18 budget, Highland Village flag stops, and the agency’s new Transit Tracker system that is set to launch in mid-September. The come-and-go meetings will give the public an opportunity to speak with individual DCTA staff members about the presented topics.

September 2017 Open House Meeting

Ride DCTA

BCM Townhall Presentation_Virtual Open House_Final Final Website.pdf

Idlewyld Enterprises, LLC

2014 Bond Preview and Market Conditions

City of College Station

SSC2011_Richard Manson PPT

National Housing Conference & the Center for Housing Policy

Item # 5 PPT

ahcitycouncil

BizDay: Digital Micro-Lending and Debt Crowd Funding Platform, JVentures

In one week, my group (Nurulauni Saniman, Maike Zhang, Yuhua Zhou) and I analyzed a development case with an existing office building and adjacent vacant land for development. Group created a 20-minute investor presentation analyzing the macro economy, purchase price of entire site and adjacent vacant land, and optimization of the capital structure to reduce the weighted average cost of capital for the project.

Real Estate Development Case Presentation

Daniel Mandel

Similaire à RV 2014: Great Expectations for Large-Scale TOD by Cynthia Parker (20)

Connecticut Green Bank Stakeholder Webinar Quarter 4 FY17

OEDA Infrastructure Puzzle Power Point 3-3-15

City Manager's Recommended 2015 Investment Plan

A Crash Course in Canadian Non-Dilutive Funding

Real Estate Crowdfunding Workshop - CrowdfundSuite

Miami-Dade Water and Sewer Department Capital Improvement Overview

Downtown & Infill Tax Increment Districts: Strategies for Success

Daycare: Urban Land Development Project

Granite Ridge Tax Increment Financing Plan

Granite ridge tif

Sunnyvale Walk the Talk Forum

SNEAPA 2013 Thursday c2 1_45 meeting the growing demand

JLL Detroit Office Outlook: Q4 2015

September 2017 Open House Meeting

BCM Townhall Presentation_Virtual Open House_Final Final Website.pdf

2014 Bond Preview and Market Conditions

SSC2011_Richard Manson PPT

Item # 5 PPT

BizDay: Digital Micro-Lending and Debt Crowd Funding Platform, JVentures

Real Estate Development Case Presentation

Plus de Rail~Volution

The world is going to change more in the next 10 years than it did in the last 100. At the Rail~Volution conference in September, John Martin, a national leader and futurist, took conference attendees on a look into the future, Using his firm’s research-inspired lens, he identifies not only the major headwinds, but also the positive tailwinds shaping the future of transit-oriented development and equitable, thriving communities.

Rail~Volution 2017 John Martin | Headwinds or Tailwinds?

Rail~Volution

What basic elements go into making a successful station area plan? Review the fundamentals of a station area plan that catalyzes the development and investments your community envisions. Hear from transit planners, city staff, and land use and urban design consultants. What are their tips and pet approaches? How can you engage your communities? What's the latest and greatest from the transportation, housing, public works and economic development worlds? Absorb a wide range of new ideas and details during this station area planning overview. Moderator: Jan Lucke, Transporation Planning Manager, Washington County Regional Rail Authority, Stillwater, Minnesota Nadine Fogarty, Principal, Vice President, Strategic Economics, Berkeley, California W. Brian Keith, AIA, AICP, Associate Principal, JHP, Dallas, Texas Tim Chan, Manager of Planning, San Francisco Bay Area Rapid Transit District, Oakland, California

Station Area Planning: The Fundamentals by Tim Chan

Rail~Volution

Station Area Planning: The Fundamentals by W. Brian Keith

Rail~Volution

Bus rapid transit (BRT) adds an intermediate mode to your transit portfolio. By combining good design, efficient operations and appropriate policies, BRT can support good urban development. How does BRT create better value than fixed-route service? How can you use BRT in existing and planned transit systems? Learn about different types of BRT, including design, operations and economic impact. Which will create the most value for your community? How can you build the right BRT to create a corridor of communities? How can you best leverage your BRT investment?. Go deep with experienced BRT experts. Moderator: Vicky Smith, Transit Engineering Manager, Oregon Region, David Evans and Associates, Inc, Portland, Oregon James McGrath, AIA, ASLA, LEED AP, Urban Designer, CH2M, Portland, Oregon Christina Morrison, Senior Planner, BRT/Small Starts Project Office, Metro Transit, Saint Paul, Minnesota Andrew Guthrie, Research Fellow, Regional Planning and Policy Area, Humphrey School of Public Affairs, University of Minnesota, Minneapolis, Minnesota

BRT 101: Design, Operations and Economic Impact by Andrew Guthrie

Rail~Volution

Redevelopment of older neighborhoods, brownfields and sprawling suburban areas is a reality across North America. These projects provide exciting test cases for large-scale TOD and integrated land use planning. Explore three large-scale TOD redevelopment projects that are transforming their communities. Hear about innovative sustainable development approaches being deployed: complete streets, reduced commercial and residential parking, custom zoning and integrated stormwater management. Study the design of high-quality public realms including urban agriculture areas, parks and open spaces. Take home tangible strategies for balancing the needs of a sustainable, multimodal transportation network with the needs of redevelopment. Moderator: Steve Granson, Transit Project Manager, HDR, Chicago, Illinois Katherine Youngbluth, AICP, Commercial Development Specialist, Real Estate Development Group, Arlington County Government, Arlington, Virginia Tom Young, AICP, Associate - Community Development, Stantec Consulting Ltd., Edmonton, Alberta Merrill St. Leger-Demian, AICP, LEED AP, Principal, SmithGroup/JJR, Washington, DC David Kirschner, Capital Projects Management Coordinator, Environmental Services, Arlington County, Arlington, Virginia

TOD Redevelopment on the Grandest Scale by Tom Young

Rail~Volution

Coalition building and community outreach are extremely important factors. Each influences the decision-making process of government officials. How can you broaden coalitions and increase community engagement? Explore several creative tactics and strategies that helped revitalize entire neighborhoods through educating and engaging a broad spectrum of community stakeholders. Hear three approaches that led to long-lasting coalitions and a more in-depth level of community engagement -- programs that went beyond the usual strategies of sponsoring neighborhood events to solicit feedback. Learn about citizen advocacy classes, regional-scale collaborations, neighborhood initiatives and more. Moderator: William Schroeer, Executive Director, East Metro Strong, Northfield, Minnesota Julie Gustafson, Community Relations Program Manager, Portland Streetcar, Inc., Portland, Oregon Art Guzzetti, Vice President, Policy, American Public Transportation Association, Washington, DC Veronica Hahni, Executive Director, Los Angeles Neighborhood Initiative, Los Angeles, California Megan Channell, AICP, Principal Planner, San Mateo County Transit District, San Carlos, California

Advocacy and Coalition Building: Fighting Transit Opposition by Julie Gustafson

Rail~Volution

Where are living wage jobs? Where is high-quality, affordable workforce housing? What are the most pressing health issues and where are they concentrated? How well does the region’s transportation system connect the income, housing and health needs of individuals and families? How can multi-modal transportation make the region healthier, stronger and more resilient? Join local and national experts on Regional Day for a lively discussion about these topics—including the potential of predictive analytics to help transportation systems become more efficient, safer and easier to use. At the end of Regional Day, meet with colleagues from your own communities to share your insights and plan next steps. Moderator: Regina Montoya, Chair, Mayor’s Task Force on Poverty, Dallas, Texas Jeffrey Tumlin, Principal, Nelson\Nygaard Consulting Associates, Inc., San Francisco, California Craig Adelman, Director of Transit Oriented Development, Low Income Investment Fund, San Francisco, California Melinda Pollack, AICP, Vice President, Enterprise Community Partners, Denver, Colorado Dan Burden, Director of Inspiration and Innovation, Blue Zones, Minneapolis, Minnesota John Fregonese, President, Fregonese Associates, Portland, Oregon Karla Weaver, AICP, Program Manager, North Central Texas Council of Governments, Arlington, Texas Elizabeth Sobel Blum, Senior Community Development Advisor, Federal Reserve Bank of Dallas, Dallas, Texas Michael Sorrell, Esq., President, Paul Quinn College, Dallas, Texas Dr. Ruben Amarashingham, MD, MBA, President and Chief Executive Officer, Parkland Center for Clinical Innovation, Dallas, Texas Walter Bialas, Vice President, Director of Research Dallas, JLL, Dallas, Texas Larry Tubb, Senior Vice President, System Planning, Cook Children's , The Center for Children's Health, Fort Worth, Texas

Multi-Modal Transportation in North Texas: Increasing Connectivity Between Jo...

Rail~Volution

How does transit affect one of our most basic needs -- food? Access to quality, fresh produce or just basic groceries is an important function of transit. So is enriching the experience of public gathering spaces. Learn how communities in Atlanta, Dallas and Phoenix are using transit as a tool to respond to food deserts and improve access to quality groceries. Whether it's active transport, a food bus, or regulations that allow communities to promote food choices, hear how these cities are leading the way. Moderator: James Cromar, AICP, Director of Planning, Broward Metropolitan Planning Organization, Fort Lauderdale, Florida Adelee Le Grand, AICP, Associate Vice President, AECOM, Atlanta, Georgia Veletta Lill, Former Executive Director, Dallas Arts District, Dallas, Texas Donald Keuth, President, Phoenix Community Alliance, Phoenix, Arizona

Food: How Transit is Improving Choices by Veletta Lill

Rail~Volution

Where do wellness issues fit in the transit conversation? What is the link between how we build our cities and transportation networks, and the physical, social, mental and economic wellness of our communities? Participate in the discussion with health funders, community development professionals, health equity advocates and urban planners. Hear how they've leveraged new funding sources for critical investments. What are the politics, processes and mechanics of integrating health, wellness and health equity issues into the planning and design of livable communities? Learn new techniques and perspectives from health foundations, public policy advocates and urban designers and cities in the US (Phoenix, Dallas, Houston) and Canada. Moderator: Elizabeth Sobel Blum, Senior Community Development Advisor, Federal Reserve Bank of Dallas, Texas Antonio Gomez-Palacio, Principal, DIALOG, Toronto, Ontario C.J. Hager, Director, Healthy Community Policies, St. Luke's Health Initiatives, Phoenix, Arizona Niiobli Armah, IV, Managing Director, WE-COLLAB, Houston, Texas

Integrating Health, Livable Communities and Transit: A How-To Discussion by E...

Rail~Volution

Has bike share come up in planning as a solution to your first- and last-mile gaps? As a mode of transportation? Or just the latest thing? Hear what it takes to be bike-share ready and learn from two of the nation's more successful programs. Lessons learned? Nuances of multijurisdictional programs? Bike share as part of a larger transportation network? Ready or not? Find the answers here! Moderator: Laura Cornejo, Director, Transit Corridors & Active Transportation, Metro, Los Angeles, California Cara Ferrentio, Manager of Strategic Initiatives, Mayor's Office of Transportation and Utilities, Philadelphia, Pennsylvania Matt Benjamin, Principal, Fehr and Peers, Los Angeles, California Jennifer McGrath, Strategic Planner III, Utah Transit Authority, Salt Lake City, Utah

Sharing the Road, Sharing the Bike by Jennifer McGrath

Rail~Volution

In order to reach and retain quality employees, more employers are considering areas accessible to transit and housing. People want to live, work and play in a walkable community -- so their employers are locating there. Investigate the key interests of both employers and employees. Then explore the land use and transit issues necessary for achieving successful employment-based TOD: last-mile connectivity, transit choices and placemaking. Learn from ETOD projects in Boston, Denver and Dallas. Moderator: Sujata Srivastava, Principal, Strategic Economics, Berkeley, California Walt Mountford, Executive Vice President, KDC , Dallas, Texas Tom Clark, Chief Executive Officer, Metro Denver Economic Development Corporation, Denver, Colorado Alden Raine, PhD, National TOD Practice Director, AECOM, Boston, Massachusetts

Employment TOD: The Other E in ETOD by Alden S. Raine, PhD

Rail~Volution

New to Rail~Volution? Need a picture of what Rail~Volution is all about? Ground yourself in the origins of the movement to build livable communities with transit. Find out where we're headed. Inspirational and practical, hear about the innovative ideas at the foundation of the movement. Listen as leaders in federal and state government, representatives from developer and foundation communities, as well as TOD and livability experts, share experiences. Dig deep. Ask questions. Join the discussion about making places better. You'll lay a foundation to build on throughout the conference -- and beyond! Moderator: Lynn Peterson, Secretary, Department of Transportation, Washington State, Olympia, Washington Earl Blumenauer, 3rd District, Oregon, United States Congress, Washington, DC Christopher Coes, Managing Director, LOCUS, Smart Growth America, Washington, DC GB Arrington, Principal, GB place making, Portland, Oregon Grace Crunican, General Manager, San Francisco Bay Area Rapid Transit District; Vice President, Board of Directors, Rail~Volution, Oakland, California Scot Spencer, Associate Director for Advocacy and Influence, Annie E. Casey Foundation, Baltimore, Maryland

Rail~Volution 101 - Fundamentals: Principles and Practices

Rail~Volution

Not everything good is new. Rail transit investments in urban corridors can mean opportunities for new development. But what about those businesses that already exist? Who's looking out for the development that is already a valuable component in a community's character? Mitigating construction impacts along a corridor requires a unique set of tools and plenty of creativity. Learn strategies to help existing development survive the impacts of the construction phase. Hear how to assist businesses that might be financially constrained. Get an inside view of programs that focused on existing development during and after construction of urban rail projects in Phoenix and Minneapolis communities. Moderator: Bob Post, Vice President, Director of Transportation, AECOM, Portland, Oregon Terry Benelli, Executive Director, Local Initatives Support Corporation, Phoenix, Arizona Isabel Chanslor, Director of NDC Business Lab, Neighborhood Development Center, Saint Paul, Minnesota

The Other TOD: Retaining Existing Development in a Corridor by Terry Benelli

Rail~Volution

Parking is always a challenge for TOD projects and TOD districts. How do you explain parking requirements and results to commissions, councils and citizens? How do you move forward from the rigid standards in many city codes? Learn a systematic approach for matching parking requirements and transit to different kinds of neighborhoods. Hear how experiments in district-by-district requirements have fared. Explore ways to manage a wide range of parking in a TOD district. Issues, controversy and the consequences of changing parking policy to support TOD -- snag your spot for this lively conversation. Moderator: Paul Roberts, AICP, Council Member, City of Everett; Board Member, Sound Transit, Everett, Washington Karina Ricks, AICP, Principal, Nelson\Nygaard Consulting Services, Washington, DC Jason Wittenberg, AICP, Land Use, Design and Preservation Manager, Community Planning & Economic Development, City of Minneapolis, Minnesota Meea Kang, President Domus Development, Rail~Volution Board of Directors, Irvine, California

TOD and Parking: Matching the Requirements to the Neighborhood by Meea Kang

Rail~Volution

TOD and Parking: Matching the Requirements to the Neighborhood by Karina Ricks

Rail~Volution

TOD and Parking: Matching the Requirements to the Neighborhood by Jason Witte...

Rail~Volution

Simply put, transportation corridors connect people and commerce. But there are many considerations that go into a successful corridor plan. How do you align regional and local goals to leverage support with stakeholders and partners? How do you select the appropriate mode for each corridor segment? Where does active transportation fit in? What are the principles of complete corridors? How can we address station location, limited rights of way and land use along corridors? Where does financing fit in? And that pesky last-mile challenge... Learn tactics for establishing development-ready corridors and phasing in modes in this fundamental review of a long, long list of corridor issues. Moderator: Dwight Schock, AICP, Vice President, Transit and Railroad Segment Manager, David Evans and Associates, Inc., Denver, Colorado Daniel Guimond, AICP, Principal, Economic & Planning Systems, Denver, Colorado Janette Hill, Service Planner III, Dallas Area Rapid Transit, Dallas, Texas Daniel Soler, Director, Transit Systems Design and Construction, Metropolitan Council, Minneapolis, Minnesota

A Complete Picture of Corridor Planning: The Fundamentals by Dwight Schock

Rail~Volution

What does it mean to build a sustainable corridor? How do you honor the overall goal of conserving resources, but also engage stakeholders to develop the right type of project for their community? Take a wider look at the national perspective on building sustainable corridors. What is being done across the country to conserve resources and involve communities in these efforts? Then hear stories about a successful sustainable corridor in Portland; Albuquerque's BRT project; and an urban green plan to transform existing park-and-ride lots along Los Angeles' growing transit network into more sustainable places. Moderator: Shelley Poticha, AICP, Director, Urban Solutions, Natural Resources Defense Council; Board Member, Board of Directors, Rail~Volution, Washington, DC Katherine Lemmon, Transportation Planning Manager, Metro, Los Angeles, California Robert Hastings, Agency Architect, TriMet, Portland, Oregon David Leard, AICP, Senior Management Consultant, HDR, Seattle, Washington

RV 2015: Sustainable Corridors: Broad and Specific Looks by Robert Hastings

Rail~Volution

Is it art? Or a key component for improving and leveraging transit system investments? It can be both! See how art installations and other placemaking strategies are being used in four communities. How are Tucson, the Bay Area, the Twin Cities and Dallas incorporating art into their local delivery systems? Each community tells a different story -- with ideas you can use in your own composition. Moderator: Richard Manson, Program Vice President, Local Initiatives Support Corporation, New York, New York Kathy Mouacheupao, Cultural Corridor Coordinator, Local Initiatives Support Corporation, St. Paul, Minnesota Abigail Thorne-Lyman, Principal Planner, San Francisco Bay Area Rapid Transit, Oakland, California Catherine Cuellar, Director of Entrepreneurs For North Texas, Communities Foundation of Texas, Dallas, Texas Janet Gonzalez, Sustainable Transportation Director, HDR, Chicago, Illinois

RV 2015: Art, Community Culture and TOD: Four Stories by Abigail Thorne-Lyman

Rail~Volution

RV 2015: Advocacy and Coalition Building: Fighting Transit Opposition by Mega...

Rail~Volution

Plus de Rail~Volution (20)