AGENDA 1. Welcome and Introductions 2. Site Overview 3. Public - - PowerPoint PPT Presentation

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1. Welcome and Introductions 2. Site Overview 3. Public & Fiscal Benefit 4. Current Plan & Key Topics 5. Medtronic Update 6. Questions

AGENDA

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OUR TEAM

• We are a local, Denver-based group

committed to thoughtful development

• The majority of our team grew up in

Boulder County, graduated from CU Boulder and continue to reside in the Louisville area

• Our portfolio includes mixed-use, senior

living, offjce, industrial, for-sale residential, land development and multifamily projects

• We have developed or currently manage

$600 million worth of assets, including:

• The Foundry, a public-private

partnership in Downtown Loveland

• The Jones District, a 4MM SF mixed-

use development at I-25 and Dry Creek

• Denargo Market, a 13-acre

development in Denver’s RiNo Art District

• The Standard at Gateway, a 138-acre

development near DIA GEOFF BAUKOL

PRESIDENT & PARTNER

CHAD BRUE

CHIEF EXECUTIVE OFFICER & FOUNDER

JORDAN SWISHER

VICE PRESIDENT

GARRETT HONEYMAN

VICE PRESIDENT

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SITE OVERVIEW

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Integrated Open Space Uniquely Louisville Balanced Economy Multimodal Connections

GUIDING PRINCIPLES We are Committed to Investing in Louisville’s Vision for a Liveable, Innovative, and Economically Diverse Community

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PUBLIC BENEFIT Dormant Site Opened to the Public

Gated Entry on Tape Drive ofg 88th St Gated Entry on Tape Drive ofg Northwest Parkway Existing Infrastructure On-Site

12+ years

Site has been vacant since Storage Tek’s departure

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PUBLIC BENEFIT Publicly Dedicated and Protected Lands

LOUISVILLE PUBLIC LAND DEDICATION

AC OPEN SPACE 39.7 PARK LAND 15.6 TRAIL CORRIDOR LAND 3.6 FIRE STATION 0.7 SUBTOTAL 59.6

LOUISVILLE CONSERVATION EASEMENTS

AC CONSERVATION EASEMENT 9.4 SUBTOTAL 9.4

TOTAL PROTECTED LOUISVILLE LAND

69.1 AC

Required Land Dedication 40 AC

ADDITIONAL EASEMENTS

AC BROOMFIELD CONSERVATION EASEMENT 40.0

ENCUMBERED EASEMENTS (NON-DEVELOPABLE) 2.0

TOTAL 42.0

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PUBLIC BENEFIT Increase and Relocation of Public Land Dedication

Prior GDP Submittal Current Plan

A B D C

E

F

• TA

A B D C

• ST

E F

LEGEND

Development Areas

Open Space (Public Land)

Parks (Public Land) Trail Corridor (Public Land)

BUFFER

Bufger Detention Pond

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PUBLIC BENEFIT New Park Space

15.6-Acre Conceptual Park Plan (Final Design by City of Louisville)

Campus Drive Monarch School Tape Dr Multiuse Fields

Proposed Park 15.6 Acres

Louisville Community Park 15.5 Acres

Conservation Easement 88th AVE

Cleo Mudrock Park 8.2 Acres

Park Scale Comparisons

Open Space Fire Station Parking

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Rock Creek Regional Trail US 36 Bikeway Bicycle Lanes Local Trail Proposed Rock Creek Regional Trail Connection Proposed Trail Proposed Downtown Louisville Trail Proposed Protected Bcycle Lanes

Today Enhanced

PUBLIC BENEFIT Trail Network Enhancement

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PUBLIC BENEFIT Over 15 Miles of Pedestrian and Bicycle Facilities

U S 3 6 Bikeway

Redtail Ridge Loop 3.2 Miles The Rockcress Loop 1.5 Miles Park-to-Pond Trail 1.0 Mile

Miles Total Softscape Trails: 1.4 Total Hardscape Trails: 1.4 Total Sidewalks: 6.4 Total Bike Lanes: 6.2 Total Pedestrian/Bicycle Facilities: 15.4

TAPE DRIVE 96TH AVE NORTHWEST PARKWAY

• S. 88TH STREET

CAMPUS DRIVE STREET B STREET A

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PUBLIC BENEFIT Enhanced Area Access & Circulation

Today Enhanced

RTD Flatiron Flyer (BRT) RTD Skyride RTD Local Louisville Arterial Highway Collector Road Local Road RTD Future Northwest Lightrail RTD Flatiron Flyer (BRT) RTD Skyride RTD Local Louisville Right-In/Right Out Access Arterial Highway Collector Road Local Road RTD Future Northwest Lightrail Future Collector Road Future Local Road Full Access

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FISCAL BENEFIT Real Estate Tax Benefits

Near Term Benefits

Property Tax Recipient 2018 2019 Proposed Buildout Medtronic Erickson

• Ph. I

Boulder Valley School District 508,008 5,648 12,580,000 2,100,000 550,000 Boulder County 249,257 2,741 6,110,000 1,020,000 270,000 City of Louisville 82,311 927 2,060,000 350,000 90,000 Fire Department 69,364 1,236 2,750,000 460,000 120,000 Northern Water 8,225 93 260,000 40,000 10,000 Urban Drainage & Flood Control 7,532 105 230,000 40,000 10,000 TOTAL $924,684 $10,749 $23,990,000 $4,010,000 $1,050,000

2019 Annual Taxes:

$10,749

Projected Near Term Annual Taxes:

$5,060,000

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DEVELOPMENT COSTS No Tax Burden for Louisville Residents

$0

additional tax burden

• n Louisville residents

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1. Density 2. Building Heights 3. Traffjc 4. Residential Uses

KEY TOPICS

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DENSITY Reduction from Prior Submittal

PRIOR GDP SUBMITTAL AREA (SF)

OFFICE 3,050,000 SENIOR HOUSING 2,500,000 HOTEL 680,000 RETAIL 170,000 RESIDENTIAL

• TOTAL*

6,400,000

CURRENT PLAN SUBMITTAL AREA (SF) CHANGE

OFFICE 2,250,000 (800,000) SENIOR HOUSING 1,800,000 (700,000) HOTEL 200,000 (480,000) RETAIL 70,000 (100,000) RESIDENTIAL 900,000 900,000 TOTAL* 5,220,000 (1,180,000)

*BEFORE PARKING

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43% 35% 5% 17%

500' 250'

NOTE: The development plans shown are illustrative only. Individual development parcel plans will be fjnalized during the planned unit development (PUD) process.

DENSITY DISTRIBUTION Allowable Program Density & Conceptual Land

Uses

TAPE DRIVE 96TH NORTHWEST PARKWAY

• S. 88TH STREET

CAMPUS DRIVE STREET B STREET A

PROGRAM SUMMARY

AREA (SF)

OFFICE

2,250,000

SENIOR LIVING

1,800,000

HOTEL

200,000

RETAIL

70,000 RESIDENTIAL 900,000 TOTAL BEFORE PARKING 5,220,000

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BUILDING HEIGHTS Site Topography & Building Height Relationship

500' 250'

S c r i ffj n y O p e n S p a c e C a m p u s D r i v e T a p e D r N

• r

t h w e s t P a r k w a y S 8 8 t h S t M

• n

a r c h K

• 8

, H i g h S c h

• l

PARCEL A

A3 3 STORIES A4 4 STORIES A5 5 STORIES

PARCEL B

B2 2 STORIES B3 3 STORIES B5 5 STORIES

PARCEL C

C3 3 STORIES C4 4 STORIES C5 5 STORIES

PARCEL D

D 4 STORIES

PARCEL E

E2 2 STORIES E3 3 STORIES D

BASELINE

Topography on the site varies immensely. Proposed building height subareas limit density along key roads and viewsheds.

A3 A4 A3 A5 A3 B5 B2 B3 E2 E3 C3 C4 C5 C3

• 1

10’ 0’ 0’ + 10’

• 10’
• 30’
• 20’
• 100’
• 100’
• 100’
• 120’
• 120’
• 120’
• 120’
• 120’
• 1

10’

• 1

10’

• 40’
• 40’
• 80’
• 80’

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BUILDING HEIGHTS Conceptual 3D Views

VIEW

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VIEW

BUILDING HEIGHTS Conceptual 3D Views

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VIEW

BUILDING HEIGHTS Conceptual 3D Views

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VIEW

BUILDING HEIGHTS Conceptual 3D Views

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TRAFFIC Impact & Mitigation

Improving Circulation & Traffjc Flow:

• Signifjcant investment in on-site and ofg-site

roadway improvements

• Signifjcant regional improvements
• Effjcient roadway design
• Redistribution and dissemination of peak rush

hour

Encouraging Alternative Travel Modes:

• Complete Street Design
• Trail network and Mobility network

Connections

• Transportation Demand Management Policies
• Shuttles for Senior Care Facility

Development Trip Generation Estimates

AM Peak Hr PM Peak Hr

2,660 2,455 2,350 2,609

Redtail vs.ConocoPhillips (%)

• 12%

+6%

Redtail Ridge does not add a signifjcant amount of peak hour traffjc when compared with the approved ConocoPhillips plan.

Trip Generation Estimates Comparison

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TRAFFIC On-Site Traffic Improvements

500' 250'

TAPE DRIVE 96TH NORTHWEST PARKWAY

• S. 88TH STREET

CAMPUS DRIVE STREET B STREET A

1 2 4 5 6 3 7 8 10 7 7 9 10 9 9 9 10

IMPROVEMENT

• EST. COST

Right-of-Way Improvements

1

Campus Drive

2

Street B

3

Street A

4

Tape Drive

5

Local Street Grid

6

96th & Campus Intersection Improvements Subtotal: 89,400,000 Pedestrian Elements

7

Above-Grade Pedestrian Crossings

8

Above-Grade Tape & Via Varra Enhancement

9

Hardscape Trails

10

Softscape Triails Subtotal: 2,200,000 Other Subtotal: 3,400,000 Total On-Site Improvements Paid by the Development:

$95,000,000

10 14

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TRAFFIC Off-Site Traffic Improvements

• W. Dillon Road

Northwest Pkwy S . 9 6 t h S t .

• S. 88th St.

Tape Dr. Campus Dr. Via Varra Dr.

IMPROVEMENT

• EST. COST

Right of Way

1

Expand 96th St. 1/2 Northwest Pkwy to Dillon

2

Expand 96th St. 1/2 Mile north of Dillon

3

96th & Dillon-Dual Left Turn Lanes & Intersection Capacity

4

NW Pkwy & 96th - Triple Northbound

5

88th & Tape Turn Lanes

6

88th & Campus Lengthen Turn Lanes

Subtotal: 21,500,000 Pedestrian

8

Dillon Pedestrian Underpass

8

88th Street Multi-use Path Extension

9

Softscape Downtown Connector Trail

Subtotal: 5,600,000 Total Ofg-Site Improvements Paid by the Development:

$27,100,000

1 2 4 6 5 8 9 3 7

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TRAFFIC School Access Improvements

OPEN SPACE PARK LAND EASEMENT FIRE STATION NEW / IMPROVED ROAD SCHOOL BUS DROPP OFF / PICKUP PARENT DROP OFF / PICKUP

SOFTSCAPE TRAIL

LEGEND A right turn into both schools and a right turn

• nto Campus Drive eliminate left hand turns

during drop ofg and pickup times. The single roundabout allows for buses or parents to safely make a right turn into the Monarch K-8 School if they are coming from 88th Ave. The peanut roundabout allows for buses or parents to safely make a right turn into the Monarch High School if they are coming from 88th Ave while not interfering with exiting traffjc from the High School. Extending Campus Drive to 96th allows access (including buses) from the east.

CAMPUS DRIVE

Monarch High School Proposed Park 15.6 Acres

88TH AVE Open Space

Monarch K-8

1 1 1 1 2 3

1 2 3 4

4

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TRAFFIC Complete Streets

Campus Drive - Bike Trail

Complete Streets:

• Balance the needs of

people who are driving, walking cycling and rolling in, to, and through the development

• Enhance safety for all

users

• Encourages non-

vehicular travel options

Scenic Boulevard Roundabout

4’

9.5’ 10’

10’ 10’ 4’ 15’ 10’ 10’ 27.5’ AMENITY ZONE 55’ VEHICULAR ZONE

8’ 9.5’

29.5’ AMENITY ZONE 4’ 2’ 4’ 2’

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TRAFFIC Traffic Demand Management

Traffic Demand Management (TDM) is a multi-faceted approach to mitigating traffic resulting from development. The TDM Strategy for Redtail Ridge includes the following strategies:

• Connections to the regional

trail network

• Enhance the internal trail

network

• Increase mix of land uses to

reduce traffjc

• Member of Commuting

Solutions (a Transportation Management Association in Louisville)

• Erickson on-site and ofg-site

daily shuttle service

• Hiring a transportation

coordinator for the entire project

• Ecopass discounts for

employers and employees

• Vanpool and Carpool

Coordination

• Bike access, parking and

amenities for commuters

• Walk and Bike to Work

Sponsorships

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RESIDENTIAL USES Mixture of Uses Creates Place & Supports Traffic Mitigation

Land Uses Size units Avg Weekday Trips Weekday AM Peak Hour Trips Weekday PM Peak Hour Trips Total Total Total

Multifamily Housing (mid-rise) 900 units 4,896 324 396 General Office Building 900 KSF 8,766 1,044 1,035 Subtotal 13,662 1,368 1,431

Benefits of mixing Multifamily Housing land uses and Office on site, vs. Office land uses only (3,870)

• 44%

(720)

• 69%

(639)

• 62%

Benefits of mixing Senior Housing land uses and Office on site, vs. Office land uses only (6,606)

• 75%

(720)

• 69%

(639)

• 62%

Mixing office, senior housing and residential uses reduces the average and peak- hour weekday trips.

Source: Fox Tuttle

Creating Place Modern successful developments and creations of vibrant places all include residential due to its support of the retail and commercial uses and its ability to create an “18-hour” community. Traffjc Mitigation

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RESIDENTIAL USES Meeting Louisville & Regional Needs for Workforce Housing

Public comments and feedback from the community encouraged us to support the inclusion of workforce housing on site.

Boulder County recognizes that the City of Louisville has adopted the region- al housing goals articulated in the Regional Afgordable Housing Strategic Plan, in addition to pursuing local afgordable housing targets and specifjc afgordable housing development projects. The County encourages the P66 project, and all future development in communities across the county, to contribute to county-wide goals related to housing. The county encourages inclusion of a range of housing sizes and types to help achieve greater diversity in the region’s housing stock. The county also encourages all residential developments to include a portion dedicated to serving low and moderate income members of the community. Integrating low and moderate income housing across the community and improving the diversity of the region’s housing stock will help make incre- mental progress toward addressing the region’s afgordable housing

• challenges. It also helps ofger housing solutions to meet the wide ranging

and evolving needs of the Boulder County community. – Boulder County

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General Company Overview

• Stable and strong, global Fortune 500 company
• Boulder County’s largest private employer
• Highly educated employees and high paying

jobs

• Established in the community
• Commerce anchor that will spur positive

economic activity in the community

M a r c h 3 , 2 2

TECH CRUNCH

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New & Retained Jobs in the Community

400+

Medtronic employees living in Louisville today

500+

existing Medtronic jobs retained in Louisville due to Redtail Ridge development

2,000+

existing Boulder County Medtronic jobs retained due to Redtail Ridge development

500 to 1,000

new jobs created in Colorado. To be located in Louisville if the GDP and PUD are approved

THANK YOU!

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