Downtown Community Planning Council Cedar and Kettner November 14, - - PowerPoint PPT Presentation

Downtown Community Planning Council Cedar and Kettner

November 14, 2018

Development Team

ORGANIZATION ROLE Holland Partner Group Developer and Owner - Market Rate Residential Holland Residential Market Rate Property Manager BRIDGE Housing Corporation Developer and Owner - Affordable Residential BRIDGE Property Management Affordable Housing Property Manager AVRP Skyport Studios Architect

*Development team has elected not to include specific sub-contractors at this early stage of the development process. The General Contractor will go through a competitive proposal process if the development team is selected for the site. 2

Holland Partner Group

• Premier developer of urban infill

mixed-use communities

• Vertically integrated investor,

developer, general contractor and property manager

• Principals have financed over $10

billion in development / redevelopment including over 50,000 multifamily units in the Western United States

Holland Partner Group

3

Holland Partner Group Experience:

• Park + Market (San Diego)
• 34 Story Tower - 426 Units
• 20% Affordable Units
• 4 Story Office Tower - 66,000 SF
• Ground Floor Retail - 8,000 SF
• Public Plaza and Amphitheater
• Adaptive Reuse of Historic

Remmen House

• Over $280M in Capitalization
• Completion mid-2020

Holland Partner Group

4

Holland Partner Group Experience:

• 8th & Spring (Los Angeles)
• 24 Story Tower - 275 Units
• Ground Floor Retail – 8,750 SF
• Designed to Achieve LEED Silver
• Over $159M in Capitalization
• Completion late 2018

Holland Partner Group

5

Holland Partner Group

• FORM15 (San Diego)
• 6 Story Mid-rise - 242 Units
• Ground Floor Retail – 10,111 SF
• Over $69M in Capitalization
• Completion early 2014

Holland Partner Group

6

Experience:

BRIDGE Housing Corporation

• History
• Founded in 1983
• 23,000 homes completed and in

pipeline

• 60+ cities and towns served in

California and the Pacific Northwest

• Largest Nonprofit Affordable

Developer on West Coast

• Headquartered in San Francisco
• Regional Offices:
• San Diego
• Orange County
• Portland
• Seattle

BRIDGE Housing Corporation

7

BRIDGE Housing Corporation Recent San Diego Experience:

• Celadon at 9th & Broadway
• 17 Story High-rise
• 250 units
• Ground Floor Retail – 5,800 SF
• LEED NC Gold
• Supportive Housing – 88 units
• MHSA – 25 units
• PACE – 63 units
• $74M Total Development Costs
• Completed April 2015

BRIDGE Housing Corporation

8

BRIDGE Housing Corporation Recent San Diego Experience:

• Victoria at COMM22
• 70 Senior Units
• Ground Floor Daycare
• LEED for Homes Platinum
• TOD Site near MTS Stop
• $27M Total Development Costs
• Completed February 2015

9

BRIDGE Housing Corporation

BRIDGE Housing Corporation Recent San Diego Experience:

• Paseo at COMM22
• 130 Family Units
• 13 MHSA Units
• Ground Floor Retail – 13,00 SF
• LEED for Homes Platinum
• TOD site near MTS stop
• $55M Total Development Costs
• Completed February 2015

10

BRIDGE Housing Corporation

Development Overview

11

Development Overview

Cedar and Kettner - Design Approach

12

SE Street Level NE Street Level

Development Overview

Development Program – Holland Partner Group

• Approx 200 units
• Approx 34 stories
• 4-5 Levels of

Subterranean Parking

• 100% Market Rate
• Studios, 1, 2 and 3 Bedrooms

& Penthouses

• Rents $2,700-$6,400/month
• Ground Floor Corner Retail

13

SW Street Level

Development Overview

Development Program – BRIDGE Housing

• 31 units
• 8 stories
• 100% Affordable
• 30%-60% AMI
• Senior Housing
• MHSA Set A-Side Units
• Rents $400-900/month
• Studios and 1 Bedrooms
• 1 On-site Employee Unit
• Ground Floor Retail

14

NE Street Level

Development Overview

15

Ground Level

Development Overview

16

Typical Floor plan with Units

Development Overview

17

Cross Section

Questions?

18