Case Study: Legends Park West Memphis, TN William Carson, President - - PowerPoint PPT Presentation

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Sep 24, 2022 944 likes •1.25k views

Case Study: Legends Park West Memphis, TN William Carson, President Sunwheel Energy + Sustainability Former Dixie Homes Memphis, TN Dixie Homes / Quimby Bayou 2007 Site Preparation 2008 Legends Park East / Quimby Plaza 2010

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Case Study: Legends Park West Memphis, TN

William Carson, President Sunwheel Energy + Sustainability

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Former Dixie Homes – Memphis, TN

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Dixie Homes / Quimby Bayou – 2007

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Site Preparation – 2008

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Legends Park East / Quimby Plaza – 2010

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Legends Park West / FedEx House – 2010

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Legends Park HOPE VI – Development Partners

Developer: McCormack Baron Salazar and Community Capital Sponsor: U.S. Department of Housing and Urban Development Equity: SunAmerica Affordable Housing Partners U.S. Bancorp Community Development Corporation Financing: U.S. Department of Housing and Urban Development Tennessee Housing Development Agency City of Memphis Division of Housing and Community Development Memphis Housing Authority The Health, Education and Housing Facilities Board Enterprise Bank & Trust Hope Community Credit Union Center City Commission Architect: Architecture, Incorporated Site/Civil Engineer: Tetra Tech Contractor: Caroma Construction Co. Community & Supportive Services: Urban Strategies, Inc. Property Management: McCormack Baron Ragan Management Services, Inc.

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Sitewide Operating Costs

Utilities are #3 Expense
Utilities + Maintenance

combined are #1

Payroll 21% Utilities 20% Advertising + Admin 11% Redecorating, Maintenance + Grounds 21% Management Fees 9% Taxes + Insurance 12% Repl. Reserve 6%

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Legends Park Apartments - Today

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Legends Park - $100+ Million Redevelopment

100 Mixed-Income Townhouses & Garden Apts. GREEN 134 Mixed-Income Townhouses & Garden Apts. STANDARD FedEx House 100 Townhouses + Garden Apts STANDARD 81 Unit Senior Apartment Bldg. 14,000 sq. ft. Medical Center

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Location & Neighborhood Fabric

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Diversity/Continuum of Housing Types

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Attractive Green Spaces

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1: Explored Cost / Benefit of Green Rating Systems

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Appliances Clothes Washers Energy Star Dishwashers Energy Star Refrigerators Energy Star Electrical Advanced Metering N/A Ceiling Fans Energy Star Emergency Lighting Fixtures Energy Star Interior Lighting Fixtures Energy Star Photocells N/A Envelope Doors (Exterior) – Energy Star Energy Star Flat Roof Coverings Energy Star / Cool Roof Rating Council Roof Shingles Energy Star / Cool Roof Rating Council Windows Energy Star HVAC Central Furnace / AC Combo Units Energy Star Exhaust Fans (Bathroom) Energy Star Exhaust Fans (Kitchen) N/A Geothermal /Air Source Heat Pump Energy Star Thermostats Energy Star

2: Experimented with Green Products - Energy

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Paint and Floor Coverings Alternative Natural Floor FSC Certified Carpet (sheet and tile) Green Label+ Carpet Pad Green Label+ Linoleum Sheet or Tile FloorScore Paint Green Seal Primer Green Seal Wood Floor FSC Certified Plumbing Fixtures Kitchen Faucets EPA Water Sense Lavatory Faucets EPA Water Sense Low-Flow toilets EPA Water Sense Showers EPA Water Sense Water Heaters Energy Star Zero Flush Urinals EPA Water Sense Exterior Recycling Containers N/A Sprinkler EPA Water Sense Sprinkler Controls EPA Water Sense

2: Experimented with Green Products – Water & Materials

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Energy Star Certification

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Water Conservation - Interior

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Water Conservation - Exterior

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Healthy Living Environment

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3: Explored TN Energy & Water Incentive Programs

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Solar Energy Installation

TVA Green Power Providers Program

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4: Used Life-Cycle Analyses to Set Priorities

1st Material Cost 1st Labor Cost Maint. Cost Repl. Material Cost Repl. Labor Cost

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Life-Cycle Analysis: Flooring Choices

Initial Cost $/sq.ft 20-year cost $/sq ft Bamboo $9.00 $17.04 Carpet Sheet (including pad) $2.75 $23.17 Carpet Square $6.00 $50.33 Ceramic/Porcelain Tile $6.50 $12.32 Linoleum Sheet $4.25 $10.57 Linoleum Tile $6.50 $16.13 Vinyl Plank $3.75 $9.35 Wood (Engineered laminate) $6.00 $10.48 Wood (Solid, prefinished) $8.00 $15.16

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5: Committed to Long-Term Staff & Resident Engagement

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Result: Legends Park West (Green) vs. East (Std.)

Water:  20-30% Sewer:  35-45% Common Energy:  25-30% Resident Energy:  35-45% Waste & Recycling:  10-15%

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Questions or Further Information?

William M. Carson President Sunwheel Energy + Sustainability

A McCormack Baron Salazar Company

St. Louis, MO

William.Carson@mccormackbaron.com