Tallahassee Upscale Mixed - use Development Location 219 South - - PowerPoint PPT Presentation

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Tallahassee Upscale Mixed - use Development Location 219 South - - PowerPoint PPT Presentation

Jul 20, 2023 175 likes •318 views

Washington Square Tallahassee Upscale Mixed - use Development Location 219 South Calhoun Street: Monroe Street Eastside Parking South Calhoun Street Garage South Gadsden Street 1.33 Acre / Half City Block Less than 950

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Washington Square Tallahassee

“Upscale Mixed-use Development”

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Location – 219 South Calhoun Street:

Monroe Street

South Calhoun Street South Gadsden Street

Eastside Parking Garage

  • 1.33 Acre / Half City Block
  • Less than 950’ from Capitol Complex
  • Adjacent to City Eastside Parking

Garage

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Development:

40’ Slope Between Calhoun and Gadsden

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Proposed Development Mix:

  • 200-250 key 4-Star Hotel
  • 60-70,000 SF Condominiums
  • 75-90,000 SF Class “A” Office
  • 2-3 Food & Beverage Outlets
  • 10-15,000 SF Meeting Space
  • 5-6 Level Structured Parking
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Architectural Design:

“The Washington Square design will take advantage of integrating multiple uses creating a vibrant mixed-use activity center that will be timeless in design and set a new standard of quality for the city of Tallahassee”

Michael K. Chatham, AIA HHCP President

Washington Square Concept Elevation -HHCP Sample Building Elevations - Design Style Illustration

  • Simplicity
  • Durability
  • Adaptability
  • Classical Proportions
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Proposed Site Plan:

City Eastside Parking Garage Event Lawn

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Preliminary Floor Plan – Lobby Level:

Lobby Lounge

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Preliminary Floor Plan – Event Lawn Level:

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Entry Court

Axonometric Elevations

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Development Team:

Sponsor: Fairmont Development, LLC – Tallahassee, FL General Contractor: Skanska USA Building – Orlando, FL Design Architecture: Helman, Hurley, Charvate, Peacock (HHCP) – Orlando, FL Engineering: Inovia Consulting Group – Tallahassee, FL Nobles Consulting Group, LLC – Tallahassee, FL Ardaman & Associates, Inc. – Tallahassee, FL Legal: Ausley McMullen – Tallahassee, FL Foley & Lardner, LLP – Tallahassee, FL DLA Piper – Atlanta, GA

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Development Economic Impact:

Total Development Cost: Low $77,310,000 - High $101,200,000

Direct Benefit:

  • Estimated Real Estate Taxes

$1,618,670 - $2,118,865 (annual)

  • Estimated Sales Tax Revenue

$902,084 (annual)

  • Increased Downtown Employment

200-250 (new jobs)

  • Local Construction & Consulting Jobs

150+ (24-36 Months)

  • Lower City Garage Maintenance Expense
  • Enhance City Garage Landscaping

Indirect Benefit:

  • Retain local group meetings that leave the city due to a lack of venue options.
  • Increased use of City Eastside parking garage evenings and weekends.
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Development Schedule:

Conceptual and Schematic Design Completion: May 1, 2016 Hotel Management Company Decision: June 1, 2016 Site Prep and Foundation/Parking Start: June 1, 2016 Tower Construction: 20-24 Months Project Opening: June 2018

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Thank you!