AVALON ACTON: PROPOSED PHASE II Presentation to Zoning Board of - PowerPoint PPT Presentation

AVALON ACTON: PROPOSED PHASE II Presentation to Zoning Board of Appeals February 21, 2019 1 1

AGENDA • AvalonBay Introduction • Site History and Existing Conditions • Permitting • Proposed Project • Infrastructure • Sustainability • Development Timeline 2 2

AvalonBay Communities, Inc. NATIONALLY RECOGNIZED APARTMENT DEVELOPER WITH A STRONG LOCAL PRESENCE National Presence: • Public Company (NYSE:AVB) • Market cap $27B • Sole focus: apartment development & management • In-house Development / Construction / Management • 288 communities (~85,000 apts) in 6 regions Regional Capabilities: • Regional headquarters in Boston, MA • 20+ years experience in Greater Boston • >40 communities (>10,000 apts) in MA • 4 communities (~1,000 apts) under construction in MA 3 3

EXISTING CONDITIONS & HISTORY 4 4

PROPOSED CONDITIONS 5 5

PERMITTING STRATEGY • Modification to Existing Comp Permit • Local Initiative Program (DHCD) • Memorandum of Agreement (MOA) 6 6

• Site access through existing Avalon Acton • 13 buildings: townhome & direct-entry • 86 units (incl. 22 affordable) • Pedestrian connectivity • Amenities 7 7

• Targeting empty nester population • Each unit has own front door • 2- and 3-story buildings • Ample storage • Townhome & Direct Entry units • Majority of units have their own garage 8 8

UNIT DISTRIBUTION THROUGHOUT SITE 9 9

REPRESENTATIVE IMAGERY 10 10

11 11

12 12

REPRESENTATIVE IMAGERY 13 13

14 14

15 15

16 16

INFRASTRUCTURE • Water • Sewer • Gas • Electric • Access 17 17

SUSTAINABILITY CORPORATE • Corporate commitment to setting science-based emissions reduction targets to be approved by the Science-Based Targets initiative (SBTi) • 2020 Total Portfolio Goals: 15% reduction in energy use intensity (EUI) and 15% reduction in water use intensity (WUI) of entire portfolio • Boston: Joined the Mayor’s Carbon Cup in 2015 and are members of the Green Ribbon Commission. As Mayor’s Cup participants we are committing 1MM square feet of our Boston properties to a 35% reduction in energy use intensity by 2020 GREEN CONSTRUCTIONS STANDARDS (including, but not limited to) • Individual unit sub-metering • Recycling programs • EV car charging • EnergyStar appliances • Tank-less water heaters • LED lighting • Low flow plumbing fixtures • EnergyStar Low-E windows • Drip irrigation and native / drought resistant planting • Zero VOC paint ADDITIONAL PROJECT-SPECIFIC • Solar • EnergyStar Certification • Stretch Energy Code 18 18

DEVELOPMENT TIMELINE Permitting Winter/Spring 2019 Commence Construction Spring/Summer 2019 First Occupancy Spring 2020 Construction Completion Summer 2020 19 19

QUESTIONS? 20 20

21 21

22 22

ORIGINALLY PERMITTED LOT 4 SITE PLAN (2005) PROPOSED CONDITIONS: 23 23

EXTERIOR ELEVATIONS BUILDINGS A & M 24 24

EXTERIOR ELEVATIONS BUILDINGS B, D, F AND J 25 25

EXTERIOR ELEVATIONS BUILDING C 26 26

EXTERIOR ELEVATIONS BUILDING E 27 27

EXTERIOR ELEVATIONS BUILDING G 28 28

EXTERIOR ELEVATIONS BUILDINGS I & L 29 29

EXTERIOR ELEVATIONS BUILDINGS H & K 30 30