Memo- Livable Communities Demonstration Account for Beard ProjectPurpose of Memo
Overview
CITY OF HOPKINS
MEMORANDUM
Date: May 6, 1998
To: Honorable Mayor and City Council
From: Kersten Elveru
Re: Livable Communities Demonstration Account Application for Beard Project
The purpose of this memo is to familiarize you with a proposed housing project at 1209
and 1213 Mainstreet and the possibility of applying for Livable Communities
Demonstration Account funding for the project.
The Beard Group is proposing to construct 10 townhomes at 1209 and 1213 Mainstreet
on a site currently occupied by commercial businesses and a single family home. The
project would involve razing the existing structures and constructing 10 two -story rental
units. Attached is a detailed description of the project.
The property is currently zoned B -3, General Business and would have to be rezoned to
R -2, Low Density Multiple Family. The Planning and Zoning Commission has reviewed
the concept and commented favorably on it. The Beard Group has indicated that the
project would need a subsidy of approximately $225,000 to make the project financially
feasible.
Staff has discussed the possibility of applying for Livable Communities Demonstration
Account funds to assist in financing the project. The Livable Communities
Demonstration Account is a funding source available to the City as a participant in the
Livable Communities program. The purpose of the Demonstration Account is to do one
or more of the following:
• Provide access to a variety of transportation systems: transit, bicycles,
pedestrian, auto
• Link affordable housing with employment growth
• Intensify new and existing land use
• Provide mixed - income housing
Encourage public infrastructure that connects urban and suburban
communities, attracts private sector investment, or provides employment
opportunities.
Because the project would be intensifying the land use of the site, serving as a model for
other sites, providing housing near retail, mass transit, entertainment, etc... and providing
for a greater mix of housing in the area, staff feels the project has the potential to be
funded.
Primary Issues to Consider
Although the Demonstration Account is a competitive program and projects are evaluated
based on their individual merit, it is felt that the Met Council will try to equally distribute
the funds throughout the metropolitan area. As a result, we may only be able to receive
the grant funds for one project.
To date, this project appears to fit the perimeters of the Demonstration Account program
better than any project currently under consideration by the City. The Council should
decide, however, if it is a project worthy of Demonstration Account funding.
Conclusion
The funding process for the Demonstration Account has several steps. Summaries of the
proposed project are due May 15, 1998. The Met Council reviews the summaries and
responds with their suggestions regarding how to improve the application and their
likelihood to fund the project. Final applications are due July 15, 1998 and awards are
announced in November.
Staff is recommending that the City of Hopkins submit a summary of the project to the
Met Council in order to get their feedback on the proposal. This does not commit the
City to submit a final application and staff will bring the item back to the City Council
prior to submitting the final application.
Attachments
Location:
Property History:
Current Tax Value:
Project Overview:
Who Would Live There:
G R O U P
N C
Hopkins Mainstreet Commons
1200 Block Mainstreet
Hopkins, MN
Lots 12, 13 and the easterly most 14' of lot 14 West
Minneapolis Second Division Hopkins, Minnesota
whose street addresses are 1209 and 1213
Mainstreet. The proposed development is situated
between Hopkins Firestone and the Mark I
Apartments.
The properties have been gifted to St. Joseph's
Church by the Estate of Gilford Johnson, which has
owned the Property since the mid- 1970's. The
Beard Group, Inc. has entered into a Purchase
Agreement with St. Joseph's Church to acquire the
properties subject to certain conditions. Currently
the properties are leased on a month -month basis.
The commercial building is occupied by: Gopher
Cash Register Company, Jeff's Barber Shop, Jim's
Auto Repair, and the second floor is leased out as
an efficiency apartment. The Single family home
has been leased our as a private residence.
1209 Mainstreet (Single Family Home) $67,400
1213 Mainstreet (Commercial Bldg.) $52,000
Demolish the existing structures. Redevelop the
property with 10 (2- bedrooms plus den) rental
townhomes. The project would have a more
"urbari' context projecting a natural continuation of
the redevelopment of Mainstreet.
The project would position itself slightly above the
Oaks of Mainstreet and the Townhomes on First
Street. The anticipated resident would most likely
fit one of the following descriptions: Empty Nesters
with strong ties to the community who no longer
Development, Project Management, Brokerage and Property Management
10 - 11 Avenue South Hopkins, MN 55343 (612) 930.0630 Fax (612) 930.0631
Amenities:
Developer:
Proposed Investment: $1,200,000
C:Viopkins Commons\Package\Execuitve Summary.doc
want the work requirements of the single family
home, the single professional, professional couples
or the twenty - something first time buyer.
Floorplans would reflect the needs wants and
desires of these groups.
Large Bay windows and fireplaces in the Living
room and Master Bedrooms. Covered parking for
two (2) cars. Private gardens with wrought iron
fencing. All electric kitchens. Second floor
laundry. Full basements. Open floor plans
The Beard Group, Inc.
10 11 Avenue South
Hopkins, MN 55343
Development Schedule: Construction start in fall 1998 with Occupancy in
the spring of 1999
Development, Project Management, Brokerage and Property Management
10 - 11 Avenue South Hopkins, MN 55343 (612) 930.0630 Fax (612) 930.0631
HOPKINS MAINSTREET COMMONS
1209 AND 1213 MAINSTREET
THE TWO PROPERTIES ARE LOCATED BETWEEN THE FIRESTONE TIRE
STORE AND THE MARK 1 APARTMENTS ON MAINSTRET
GENERAL INFORMATION
1. Building HEIGHT: Approximate 24' feet to roof line and
30' feet to the top of decorative dormer.
2. Building Width: 105' feet.
3. Building Depth: 57' feet.
4. Unit size: Each floor 600 sq. feet, Total finished 1,200
sq. feet.
5. Full basement: 600 sq. feet (unfinished).
PRELIMINARY DESIGN ELEMENTS
EXTERIOR
Walls: Combination of stucco with brick accents at bowed
window areas.
Windows: Metal or Vinyl clad. One bowed window located at
each main floor unit. Window opening accented with pre -cast
decorative sill.
Entrances: Decorative wood columns and over -hangs at each
entrance with combination glass and wood paneled doors.
FRONT VOW: Landscaped /Garden area wrapped with wrought
iron fencing and a separate gated entrance.
Parking Access: Sidewalk located between the Firestone
building and Townhouses allows for access to rear parking
area.
Parking Area: Twenty 20' drive lane with two 9' x 20'
foot assigned parking stalls per unit for a total of twenty
(20) stalls. (If possible we would construct a canopy roof
over the stalls) .
Refuge Enclosure: Access would be available on both sides
to allow for pick up from the alley side.
Rear Townhouse Units: Exterior design would be
duplicated to match units located on MAINSTREET with the
exception of the use of a decorative three foot block wall
separating the parking area from the sidewalk and possibly
eliminating the wrought iron fencing and gates.
PRELIMINARY DESIGN ELEMENTS
INTERIOR
Main floor:
1. Living room has open archway to dining area and bowed
window.
2. Kitchen with all appliances included.
3. Dining room separated by kitchen island /lower cabinets.
4. 1/4 bath and coat closet behind stairs to second floor.
Second floor:
1. Master bedroom with walk -in closet.
2. Full bathroom.
3. Laundry facilities.
4. Guest bedroom.
5. Den connected to Master bedroom.
Basement:
1. All mechanical Electrical systems, furnace, water heater
etc.
2. Plumbing supply for washer and dryer.
3. General storage area.
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