uptown & downtown mixed use projects at their best - don paight
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FRA 2007 ANNUAL FRA 2007 ANNUAL CONFERENCECONFERENCE
UPTOWN & DOWNTOWN:MIXED-USED PROJECTS
AT THEIR BEST
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SUBURBAN LIFESTYLESUBURBAN LIFESTYLE Single Use Zoning and Development
SCHOOL
HOME
ENTERTAINMENT SHOP
WORK
LUNCH
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URBAN LIFESTYLEURBAN LIFESTYLEMixed-Use Development
HOME/WORK/LUNCH/SHOP/ENTERTAINMENT
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BENEFITS OF AN BENEFITS OF AN URBAN LIFESTYLEURBAN LIFESTYLE
• Less time spent in your vehicle
• Increased social interaction
• More leisure time
• Enhanced quality of life
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MALL DEVELOPERS ARE MALL DEVELOPERS ARE CATCHING ON …CATCHING ON …
The enclosed A/C mallsOf the 60’S & 70’S are Being replaced with
Mixed-use“LIFESTYLE CENTERS”
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Downtowns Downtowns were thewere theoriginal
Mixed-use DevelopmentsMixed-use Developments
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FIRST NATIONAL FIRST NATIONAL BANKBANK
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FIRST STREET MARKET PLACEFIRST STREET MARKET PLACE
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BRADFORD HOTELBRADFORD HOTEL
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Zoning & Land Use CodesZoning & Land Use Codes
must allow & must allow & encourage
Mixed-use Buildings & Mixed-use Buildings & DevelopmentsDevelopments
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Areas to address:Areas to address:
• Comprehensive Plan
• Growth Management Code
• Life, Safety, & Building Codes
• ADA Requirements• Historic Preservation Guidelines
• Parking Policies
• Noise Ordinances
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DEVELOPMENT INCENTIVES DEVELOPMENT INCENTIVES ENCOURAGE ENCOURAGE
REHAB & ADAPTIVE REUSEREHAB & ADAPTIVE REUSE• 10-Year Property Tax
Assessment Freeze• 20% Historic Rehabilitation Tax
Credit• Parking Exempt Zone• Discounted Parking Rates for
River District Residents
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CORNER OFCORNER OF FIRST STREET & FIRST STREET & JACKSON STREETJACKSON STREET
(Office over Commercial)
BEFOREBEFORE
DURINGDURING
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DURINGDURING
AFTERAFTER
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SALON SALON NICHOLASNICHOLAS
(Residential over Personal Services)
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EARNHARDT BUILDINGEARNHARDT BUILDING
RESIDENTIAL CONDOMINIUMS OVER RETAIL/RESTAURANT CONDOMINIUMS
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PATIO de LEON BUILDINGPATIO de LEON BUILDING
RENTAL APARTMENTS OVER RETAIL
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RIVER DISTRICTRIVER DISTRICT
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CREATE MIXED-USE CREATE MIXED-USE CENTERSCENTERS
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FIRST STREET VILLAGEFIRST STREET VILLAGEDEVELOPMENT DEVELOPMENT
AGREEMENTAGREEMENTCRA’s Participation:50% Tax Increment Rebate for 14 years
OR Until Project Payments = $23,527,389
(Whichever comes first)
Net Present Value= $11,882,930(Assumes rate of 5%)
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FIRST STREET VILLAGEFIRST STREET VILLAGEDEVELOPMENT DEVELOPMENT
AGREEMENTAGREEMENTDeveloper’s Participation:Sells 3.81 acres of 12.5 acre site to PUBLIX/
REGENCY for :
– A grocery store, – Parking lot, – 14 liner townhomes, and– 10,000 sq. ft. of retail space
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FIRST STREET VILLAGEFIRST STREET VILLAGEDEVELOPMENT AGREEMENTDEVELOPMENT AGREEMENT
Developer’s Participation (cont.):Develops remaining 8.7 acres as a MIXED-USE PROJECT with:
- 360 Residential Condominiums,- 55,000 sq. ft. of Retail/Restaurant
space, - 40,000 sq. ft. of Office space
including Live/Work Opportunities and Parking, as required
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360 RESIDENTIAL UNITS
First Street Village
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55,000 SQUARE FEET OF RETAIL/RESTAURANT SPACE
First Street VillageFirst Street Village
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40,000 SQUARE FEET OF OFFICE/COMMERCIAL SPACE
First Street VillageFirst Street Village
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PUBLIX DEVELOPMENT PUBLIX DEVELOPMENT AGREEMENTAGREEMENT
PUBLIX/REGENCY•Construct store prior to completion of Residential High Rises
•25-year Lease with 5-year Guarantee
CRA 5 -year Rent Abatement at $600,000 per year
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PUBLIX DEVELOPMENT PUBLIX DEVELOPMENT AGREEMENTAGREEMENT
PUBLIX/REGENCY (cont.)• Strict adherence to approved Planned
Unit Development design ▪ Covered/enclosed loading docks▪ Parking in mid-block screened by
townhouses, decorative arbor and retail space
▪ Architecturally detailed exterior with rear entrance
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PUBLIX GROCERYPUBLIX GROCERY
40,000 SQUARE FOOT
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PUBLIX GROCERYPUBLIX GROCERY
BACK ENTRANCE
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PUBLIX GROCERYPUBLIX GROCERY
LOADING DOCK
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PUBLIX GROCERYPUBLIX GROCERY
LOADING DOCK ENTRANCE
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PARKING LOT SCREENING
PUBLIX GROCERYPUBLIX GROCERY
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PEDESTRIAN SCALE LINER BUILDINGS