Multifamily Mixed Use Project Scannell Properties: Who We Are - - PowerPoint PPT Presentation

441-453 Snelling Avenue Redevelopment Multifamily Mixed Use Project

Scannell Properties: Who We Are

Scannell Properties is a national developer and investor of industrial,

• ffice, and multifamily real estate. Founded in 1990, Scannell

Properties is a privately held company with its headquarters located in Indianapolis, Indiana. The company has regional offices in Alexandria, Dallas, Denver, Kansas City, Twin Cities, San Francisco. With over 270 development projects completed, Scannell has spanned 45 states, Canada, and Europe as a developer, owner, and investor. Scannell’s largest regional office, in the Twin Cities, has invested approximately $150 million in the 7-county metro since 2015, with another $100 million projected to be invested in the cities in 2019. With its land investment, this office controls and owns over 500 acres for future development in the Twin Cities. We have ten local Scannell team members within this

• ffice,

ranging from construction, engineering, financial, and property management experts.

Scannell Properties

Multifamily & Mixed-Use

• Traditionally an industrial and office

developer and investor

• Launched its multifamily and mixed

use projects platform in 2015.

• Has either completed or has currently

under construction nine projects consisting of nearly 1,200 units.

• Scannell

maintains its focus

• n

capital and development

• Hires third party local expertise for:
• property management,
• architecture and design,
• engineering,
• environmental,
• and construction services.

Memphis, TN – Completed 2017 Tuscaloosa, AL – Completed 2017

Brownsburg, Indiana:

• 172 market rate units,
• 15,000 square feet of commercial space,
• 260 stall parking garage and surface parking lot,
• and a pocket park that is privately maintained and open to public use.

This project was the initial mixed use project for the Town of Brownsburg that master- planned a vision of recreating its downtown to attract new and retain existing residents and businesses. In all, the Town attracted $90 million of investment in urban development consisting of four projects that included office, retail and restaurant, parking, and multifamily. Scannell invested in a local restaurant to lease 4,900 square feet of space in its project, which will be the second location for this locally owned user. Scannell Status: Completed Investment: $32 million

Speedway, Indiana:

• 90 market rate units,
• 8,300 square feet of commercial space,
• 214 total parking stalls

Next door to the Indianapolis Motor Speedway, best knows as host of the Indy 500 and Brickyard 400, Scannell is operating as master developer of a mixed use project that consists of multifamily, parking, commercial space, and a hotel. While Scannell is not the developer or owner of the hotel project, it assisted the Town in overseeing the due diligence and use of the site. Scannell’s project is comprised of 90 market rate units, surface parking, and 8,300 square feet of commercial space. Scannell is currently in discussion with a local restaurant user to lease 5,300 square feet of space, which would be the third location for this locally owned user (different user than Brownsburg). Scannell Status: Opening March 1, 2019 Investment: $16 million

51

YEARS

1968

31 8

PLAY

Resorts/Hospitality Retail Restaurants Gaming Themed Entertainment

HEAL

Acute Care Ambulatory Care Children’s/Peds Women’s Health Cancer Centers Medical Offices

LIVE/WORK

Multifamily Residential Senior Living Mixed-Use Workplace

GROW

K-12 Education Higher Education Worship/Non-Profit Civic/Cultural

Healthy Communities

FIRM OVERVIEW

The 700 on Washington

Minneapolis, Minnesota

98 Units / 11,600 Square Feet Retail / 48 Parking Stalls The 700 on Washington complex holds both residential and mixed- use space, including the popular Sally’s Saloon and Eatery. It offers 98 units of market-rate student housing. Playing off the ground- floor retail, amenities inside draw from a nightlife vibe with street- level, hospitality-modeled entrance and lobby, break-out study areas, gathering space, and a management services office. A fitness center is in the lower level. Perhaps most attractive is the 5th floor club room, which offers matchless views to nearby TCF Stadium and the surrounding urban university setting.

The Landing

Wayzata, Minnesota

31 Condo Units / 92 Key Hotel / 23,500 Square Feet Retail/Restaurant The Hotel Landing is a key component of the Promenade Redevelopment in downtown Wayzata. Sitting on the East block of the site, this final phase of the development includes a full service hotel, restaurant, luxury condominiums, spa/health club facilities, and retail space. The building consists of 29 individually owned condominiums on levels 2- 4 of the south wing, while the west wing of the building is occupied by a 92-room luxury boutique hotel. A premier restaurant anchors the corner and is flanked by the hotel lobby and 18,500 square feet of retail space.

The Brickhouse Apartments at Lamar Station

Lakewood, Colorado

296 Units / 287,000 Square Feet This development will provide easy access to downtown Denver and the rest of the metropolitan area via the Union Station transit

• hub. The five-story, 296-unit development features a transparent

ground level with shared spaces, including a fitness center, club room, business center, and a courtyard featuring a pool. The thoughtful selection of exterior materials and detailing create a vibrant design that sets the standard for future development in Lakewood.

The Edge LoHi

Denver, Colorado

48 Units / 83,000 Square Feet The elegant mixed-use building consists of 48 condominium units with ground floor retail and underground parking. The units are designed to highlight views of downtown within a modern brick

• framework. The top floor terraces will provide ideal gathering

spaces for residents who want to take full advantage of the mile- high lifestyle. Upscale project finishes invite future owners to experience luxury living with low-maintenance within an urban streetscape.

Vinz Fairfax

Los Angeles, California

144 Units / 156,330 Square Feet The modern five-story development features 144 rental apartments above 4,280 square feet of neighborhood serving commercial

• space. Deep residential balconies, dynamically flared forms, canted

volumes, and the signature shimmering silver screens along Fairfax Ave, articulate the mass of the building while also providing filtered protection from sun and privacy for individual outdoor gathering

• spaces. Lower portions of the building reinforce the residential

rhythms of the neighborhood with row house-style units, patio stoops and manicured landscapes.

SWAY

Santa Monica, California

122 Units / 102,000 Square Feet Residential / 8,500 Square Feet Commercial Located in Santa Monica’s downtown business district, this mixed-use project not only adds to the city’s urban fabric by pairing commercial and residential uses, but also adds activity at the street level to foster a more walkable community. Cuningham Group designed this project around two exterior courtyards, which feature lush landscaping, fountains and spaces for social

• interaction. One courtyard functions as an activity hub with a pool, bar,

games and lounge seating. The second courtyard is geared toward relaxation with a hot tub and fire pit.

The Project: 441/453 Snelling Avenue Redevelopment

Site – Beyond Rendered Tower Allianz Field Development - Masterplan

The Project: 441/453 Snelling Avenue Redevelopment

Project Highlights

• 120 Class A apartment units
• 72 resident parking stalls, 15 public parking stalls
• All parking covered
• Full storefront along Snelling at street level, wraps around to Shields Ave
• Approximately 5,700 square feet of commercial space
• Unit mix consists of small studios, standard studios, 1, 2, and 3 bedroom units

Proposed Mixed Use Project Existing Vacant Buildings

The Project: 441/453 Snelling Avenue Redevelopment

While Scannell is investing in a private development, its strategy is to design efficiently and thoughtfully, which includes incorporating public uses and features within its projects. While each project is unique and incorporating public features is dependent on location, size of project and site, and existing neighborhood features, some public improvements and features. Scannell’s Mixed-Use Experience has included:

• Fenced in dog run/park
• Streetscape enhancement including seating and landscape
• Park space finished out with shade structures, seating, electrical, and lighting

features for public use

• Bicycle parking
• Rough ins for future electrical vehicle charging stations
• Public parking within parking structures

Examples of active streetscapes

Goals:

• Enhance and complement existing neighborhood
• Complement Midway redevelopment
• Incorporate Public Features
• Widening sidewalks
• Enhance streetscape
• Public bicycle parking
• Landscaping
• Outdoor patio seating for commercial tenants
• Elimination of street parking along Snelling
• Include 15 Public parking stalls in project
• Promote Public Transportation
• Low parking ratio
• Access to light rail, multiple bus routes
• Post daily bus & light rail schedule
• Include wayfinding signage
• Leasing incentives focused around TOD benefits
• Potential for bicycle rental program for residents

Questions?