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Development update4 - CITY PARKING TO SUPPORT MAIN STREET SITE :.45 ACRES 3 - ELK'S BUILDIN&- 2 STORY CLUB SITE :.45 ACRES WCL Accocie[ec, Inc % 1 - PARK NICOLLET SITE f VACANT AND OWNED BY THE CITY / SITE: 1.2 ACRES J - LU I htCKAIV UII3CJ I 1 STORY BUILDING SITE :.6 ACRES CURRENTLY VACANT / FOR RENT LIGHT RAIL STATION COMPLETION 2017 NEW LRT STATION AND THE POTENTIAL CONNECTION TO DOWNTOWN HOPKINS IS DRIVING THE PROJECT 2 - SOUTH SITE 90,262 SF 2.09 Acres 2 PARCELS PRIVATELY OWNED OFFICE BUILDING AND PUBLIC STREET/PARKING AREA SIGNIFICANT EXISTING BUILDING INVESTMENT WILL DELAY DEVELOPMENT ON THIS SITE UNTIL THE POTENTIAL PROJECT RETURNS CAN JUSTIFY THE COST OF THE SITE nG v�wn�'+� w r va..r+�. ....... ... ... ........... ...�. .... �.S. AT THAT TIME, THE CITY OWNED PARCEL 4 AND HAD AN OPTION TO PURCHASE PARCEL 1. OUR RESPONSE DEALT PRIMARILY WITH PARCEL 1. THIS SITE WAS UNDER CONTRACT AND THE BUILDING WAS VACANT. THE SITE WAS IMMEDIATELY DEVELOPABLE. ALTHOUGH PARCELS 2,3 AND 5 ARE PRIVATELY OWNED, OUR PRESENTATION INCLUDED SOME PROBABLE DESIGN SCENARIOS FOR PARCELS 3 and 5. CONTINUING THOUGHTS ON THE DEVELOPMENT PROPOSED RESIDENTIAL DEVELOPMENT -PAGE, HOPKINS, MINNESOTA ADD SI( DENS SENIOR CITIZENS HIGHRISE 11 STORIES MIXED USE CONDOS (3 STORIES) OVER RETAIL DOWNTOWN HOPKINS HISTORIC SHOPPING AND RESTAURANT AREA WCL A ...... l sa, Inc r PFATF FNFR(:171Nf; STRFFTRr APF STRIAN CONNECTION LIGHT RAIL STATION COMPLETION 2017 NEW LRT STATION AND THE POTENTIAL CONNECTION TO DOWNTOWN HOPKINS IS DRIVING THE PROJECT BANDSHELL• AMORE UPSCALE RENTAL HOUSING PRODUCT THAT IS MISSING IN DOWNTOWN HOPKINS • AN ENHANCED PEDESTRIAN ENVIRONMENT LEADING FROM THE LRT TO DOWNTOWN CONTINUING THOUGHTS ON THE DEVELOPMENT Phil' PROPOSED RESIDENTIAL DEVELOPMENT11 PAGE2 01) niniG Onil HOPKINS, MINNESOTA ENCOURAGE THE STREETSCAPE ALONG 8TH AVENUE WITH LANDSCAPING, LIGHTING, BUILDING ENTRIES, WINDOWS, PATIOS, ETC. ENCOURAGE RETAIL, BUSINESS, RESTAURANTS . #—to (VA 8TH AVENUE S. (COLLET SITE T) k VACANT BAR WCL Associates, Inc I- 4 .?. .�. n INITIAL DEVELOPMENT ON PARCEL 1 DEVELOPMENT BEGINS WITH THE CLINIC SITE BECAUSE THE BUILDING IS VACANT AND THERE ARE NO TENANTS TO DISPLACE. THIS IS A RELATIVELY SIMPLE LAND PURCHASE. CONTINUING THOUGHTS ON THE DEVELOPMENT SCALE: V=40' 40' 120- PROPOSED RESIDENTIAL DEVELOPMENT PAGES __ ....._ HOPKINS, MINNESOTA WCL Associates, Inc w I 11`11%r%IM I A 011VIt'LC J 1HK I- F'HKI\ IVII.VLLC 1 JI 1 C REDEVELOPMENT POTENTIAL REMAINS • REDEVELOP THE PARK NICOLLET SITE ONLY. • CAN BE BUILT IN 2 PHASES DEPENDING UPON THE ECONOMY • ELK'S CLUB, LUTHERAN DIGEST AND CITY PARKING LOT REMAIN UNDEVELOPED CONTINUING THOUGHTS ON THE DEVELOPMENT PHASE ONE 64 UNITS THE CURRENT ECONOMY HAS CHANGED THE SIZE OF HOUSING PROJECTS. THIS 64 UNIT BUILDING IS IDEAL: ....SMALLER PROJECT COST ....SHORTER CONSTRUCTION SCHEDULE ....00CUPANCY PERIOD IS SHORTER UNDERGROUND PARKING ACCESS PHASE TWO 40 UNITS INITIAL CONCEPT FOR THE REMAINDER OF THE SITE THIS WILL BE AFFECTED BY CHANGES IN THE ECONOMY AND ANY FURTHER LAND ACQUISTIONS. SCALE: 1"=40' ol 40' ,20' m PROPOSED RESIDENTIAL DEVELOPMENT FAGE4 99 IIINF 7n11 HOPKINS, MINNESOTA ITN/ 0AC31ilIKIt_` CI 6130 t`I I IQ WCL A.... l., - �� ... ., ..� ..... .. -1.1w.,11....-. IN SIZE. MAY BE POSSIBLE PHASE ONE 64 UNITS PHASE TWO 90 UNITS THE OVER-ALL PROJECT SIZE. ISCAPED COURTYARD INCREASES • DEVELOP A PEDESTRIAN CONNECTION FROM THE CITY PARK THROUGH THE SITE TO 8TH AVENUE • ELK'S CLUB AND CITY PROPERTY REMAIN UNDEVELOPED CONTINUING THOUGHTS ON THE DEVELOPMENT SCALE: 1"=40' 40' 120' PROPOSED RESIDENTIAL DEVELOPMENT PAGE5 22 JUNE 2011 HOPKINS, MINNESOTA ELK'S SITE: UNLIKELY SCENARIO SINGLE STORY RETAIL 7,000 SF OR WITH APARTMENTS ABOVE WCL A— .... t— Inc PHASE ONE 64 UNITS PHASE TWO 90 UNITS WHAT CAN BE DONE WITH ELK'S PROPERTY? 9 REMOVE EXISTING BUILDING AND REDEVELOP WITH A NEW SINGLE STORY BUILDING.... EITHER RETAIL OR OFFICE DIFFICULT ECONOMICS - PURCHASE THE PROPERTY /TEAR DOWN THE BLDG / BUILD A NEW ONE OF 7,000 SF VERY DIFFICULT TO GET RENTS SUFFICIENT TO CARRY THIS REDEVELOPMENT. • NEED AN INCREASE IN DENSITY! USE TO MAKE THIS VIABLE. ADDING APARTMENTS ABOVE THE GROUND FLOOR RETAIL IS DIFFICULT..... PROJECT WOULD BE TOO SMALL APPROX. 30 UNITS CONTINUING THOUGHTS ON THE DEVELOPMENT SCALE: 1"=40' ol 40' 120- PROPOSED RESIDENTIAL DEVELOPMENT PACES 22 JUNE 2011 HOPKINS, MINNESOTA ELK'S REDEVELOPMENT GROUND FLOOR RETAIL 9,000 SF APARTMENTS FLRS 2 -4 70 UNITS GROUND FLOOR APARTMENTS WITH STOOPS AND ENTRIES ON THE SIDEWALK k8LTH11CUE S. w T WNH ME WIT FR J UNDERGROU D GARAGE ACCESS J ` Q "' •�• , t i � r t ! t r r t t l l l l l r t l l u l l !✓ � �------=---r CITY / RETAIL / GUEST PARKING 56 STALLS COMBINE EXISTING CITY STALLS WITH NEW PROJECT LANDSCAPED COURTYARDS GROUND FLOOR APARTMENTS WITH STOOPS AND ENTRIES ON THE SIDEWALK WCL SCALE: 1"=40' pmmommmmmmool 0' 40' 120- 5 MAY 2011 HOMES WITH FRONT LO pw PHASE ONE 64 UNITS CORNER PLAZA WITH SPECIAL FINISHES, LIGHTING, LANDSCAPING, BENCHES, ETC BUILDING ENTRY TO REINFORCE ACTIVITY GLASS, LIGHTING, MOVEMENT, ETC. r` Ivi 1 uj,. q� c F' r PHASE TWO 90 UNITS IR CORNER PLAZA WITH SPECIAL FINISHES, LIGHTING, LANDSCAPING, BENCHES, ETC. BUILDING ENTRY TO REINFORCE ACTIVITY GLASS, LIGHTING, MOVEMENT, ETC. SUMMARY • VIRTUALLY ENTIRE BLOCK REDEVELOPED • STREETSCAPE ON 8TH / 9TH / IST ENLIVENED WITH FRONT DOORS / STOOPS / WINDOWS / LIGHTING / LANDSCAPING CORNER PLAZAS • ELK'S SITE IS COMBINED WITH THE CITY PARKING LOT TO CREATE A LARGER FOOTPRINT WHICH RESULTS IN MORE GROUND FLOOR SPACE AND MORE APARTMENT UNITS. • THIS PROJECT CAN STAND ALONE AND COULD BE CREATED BY A SEPARATE DEVELOPMENT TEAM AND ON A DIFFERENT SCHEDULE. CONTINUING THOUGHTS ON THE DEVELOPMENT PROPOSED RESIDENTIAL DEVELOPMENTPAGE? HOPKINS. MINNESOTA L'1 VlG% IN Ir%C\/CI ^r!bR1 kl'r WCL A—.—t—, Inc TYPICAL UPPER FLOOR PLANS -APARTMENTS CONTINUING THOUGHTS ON THE DEVELOPMENT PHASE ONE GROUND FLOOR 6 LIVE / WORK UNITS 7 APT UNITS 3 FLOORS APARTMENTS 51 UNITS TOTAL 64 UNITS PHASE TWO GROUND FLOOR 21 UNITS 3 FLOORS APARTMENTS 69 UNITS TOTAL 90 UNITS SCALE: 1"=40' ol 40' 120' PROPOSED RESIDENTIAL DEVELOPMENT PAGE 22 JUNE 2011 HOPKINS, MINNESOTA FI K' -q SITF WCL A --t— Inc SKETCHES OF THE UNDERGROUND PARKING HASE ONE UNITS E ;S HASE TWO UNITS • KLODT : PHASE 1 AND OPTIONAL PHASE 2 INCLUDING LUTHERAN DIGEST SITE • ELK'S REDEVELOPMENT: INCLUDING REDEVELOPMENT OF THE CITY PARKING LOT • THE NUMBER OF UNITS IN THE BUILDING IS DIRECTLY RELATED TO THE NUMER OF PARKING STALLS UNDER THE BUILDING. CONTINUING THOUGHTS ON THE DEVELOPMENT SCALE: 1"=40' 0. 40' 120' PROPOSED RESIDENTIAL DEVELOPMENT PAGES 5MAY 2011 HOPKINS, MINNESOTA ORNAMENTAL LIGHTING - CORNER PLAZA WITH PAVING LEAVE THE EXISTING CONCRETE BENCHES, FLOWER PLANTERS ROADWAY IN ITS CURRENT LOCATION PLANTING BEDS SCULPTURE, ETC. STREET PARKING MOVE FROM THE EAST TO WEST SIDE OF 8TH AVENUE a 8TH AV UE SOUTH o ---- -_ --------------- 0 T T _--- i l l TOWT/6 is 0 ANW Iii WCL Asaoc,alaa, Inc SCALE. Vz40' ol 40' 120' ALLEY B f I�JT:ro.11�IC[ Ia lm R i ii 1 I •'wi a ; n 0000 W w LOOK FOR WAYS TO REDEFINE THIS STREET NEED PARKING BOTH SIDES BUT WOULD LIKE TO INCREASE BLVD ON NORTH SIDE vomp- 0 0 0 0 0 0 9TH AVENUE SOUTH o 0 0 0 0 a 0 0 0 0 CONTINUING THOUGHTS ON THE DEVELOPMENT PROPOSED RESIDENTIAL DEVELOPMENT HOPKINS. MINNESOTA PAGE 10 8TH STREET FACADE GROUND FLOOR UNITS ALONG 8TH STREET THE 6 UNITS FACING OUT TO 8TH STREET WILL BE MARKETED IN SEVERAL WAYS: SPACE WILL BE ACTIVELY MARKETED AS RETAIL / BUSINESS UNITS WILL BE ACTIVELY MARKETED AS LIVE / WORK UNITS UNITS CAN BE FINISHED AS TYPICAL 1 BEDROOM APARTMENTS IF THIS IS FOUND TO BE THE NEED. THE GROUND FLOOR OF THE BUILDING WILL HAVE ADDITIONAL CEILING HEIGHT TO ACCOMMODATE COMMERCIAL LIGHTING KITCHEN APPLIANCES, ETC. THE RETAIL / BUSINESS / LIVE / WORK USES MUST BE COMPATIBLE WITH A RESIDENTIAL BUILDING GROUND FLOOR UNITS ON THE COURTYARD THESE WILL BE TYPICAL APARTMENT UNITSAND MAYALSO HAVE THE GROUND FLOOR ENTRIES AND STOOPS. CONTINUING PROJECT DEFINITION THE PROJECT WORK CONTINUES, BRINGING MORE DEFINITION TO THE UNITS, THE BUILDIN SITE WORK. WHILE THIS WORK IS STILL IN THE PRELIMINARY STAGES, THE DESIGN STRATEGY IS TAKINC WCL A .... l.t.a,1— EACH UNIT ON GROUND FLOOR HAS A FRONT DOOR AMENITY SPACES HAVE LARGE WINDOWS, DOORS LEADING CONTINUING THOUGHTS ON THE DEVELOPMENT THE MAIN BUILDING ENTRYAS WELLAS PRIMARY AMENITIES.... THE PARTY ROOM, THE EXERCISE ROOM, ETC. HAVE BEEN CLUSTERED AT THE INTERSECTION OF THE STREETS. ERGROUND GROUND FLOOR UNITS ALONG IISTAVENUE THESE WILL BE TYPICAL APARTMENT UNITS AND WILLALSO HAVE THE GROUND FLOOR ENTRIES AND STOOPS. SCALE: 1'=00' r� 120 PROPOSED RESIDENTIAL DEVELOPMENT PAGE 11 HOPKINS, MINNESOTA GROUND FLOOR UNITS ON THE STREET THESE WILL BE TYPICAL APARTMENT UNITS THAT WILL HAVE THE GROUND FLOOR ENTRIES AND STOOPS ON 8TH AVENUE. A FEW PHOTOS OF SIMILAR CONDITIONS AT THE EXCELSIOR ON GRAND PROJECTAND THE ELLIPSE RENTAL PROJECT IN SLP. WCL A --t- l - THE ACTIVITY OF THE STREET INTERSECTION IS REFLECTED IN THE GREATER GLASS AREAS, THE DIFFERENT MATERIALS, CHANGES IN LIGHTING ETC. CONTINUING THOUGHTS ON THE DEVELOPMENT SCALE: 1"=40' o' ao' 12o' PROPOSED RESIDENTIAL DEVELOPMENT PAGE 12 HOPKINS, MINNESOTA VIEW ALONG SNELLING AVENUE SHOWING THE FRONT STOOPS AND ENTRIES RECENT RESIDENTIAL PROJECTS BY KLODT, INC. HIAWATHA FLATS 2 BUILDINGS 3 STORIES AND 5 STORIES 233 UNITS OAKS HIAWATHA 1 BUILDING 4 STORIES 61 UNITS WCL A .... l.t.., I.. CONTINUING THOUGHTS ON THE DEVELOPMENT SCALE: 1"=40' rte' 120' PROPOSED RESIDENTIAL DEVELOPMENT PAGE13 HOPKINS. MINNESOTA VIEWATALONG SNELLING AVENUE SHOWING THE PATIO AREA. WCL A...... tea, Inc RETAIL PATIO ALONG 46TH STREET VIEW AT THE INTERSECTION OF 46TH AND SNELLING AVENUE. RECENT RESIDENTIAL PROJECTS BY KLODT, INC. OAKS HIAWATHA 1 BUILDING 4 STORIES CONTINUING THOUGHTS ON THE DEVELOPMENT 61 UNITS SCALE: 1"=40' � 64 0' 120' PROPOSED RESIDENTIAL DEVELOPMENT PAGE 14 HOPKINS, MINNESOTA