Vis ision Wha hat Do Does Suc Success Look Lik ike? Q& - - PDF document

3/26/2018 1 A Redevelopment Submittal for the Eastland Mall Property

March 26, 2018

Jim Gross Company

• Tea

eam In Introduction

• Why Ea

Eastland?

• Vis

ision

• Wha

hat Do Does Suc Success Look Lik ike?

• Q&

Q&A

Jim Gross Company

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• Cr

Crosla land So South theast:

• Charlotte is home – 91 years
• Legacy of integrity, quality, performance &

“placemaking”

• Strong history of leading challenging mixed/multi use

developments

• Direct experience successfully redeveloping mall sites
• Jim

Jim Gr Gros

• ss Co

Company:

• Charlotte is home
• Reputation for creativity and quality
• Deep resume of “custom-designed,” innovative projects
• Baile

Bailey Patri atrick/MPV V Prop

• perti

ties:

• Charlotte is home
• 35-year history of working with landowners &

developers

Jim Gross Company

T e a m I n t r o d u c t i o n

BIRKDALE VILLAGE

HUNTERSVILLE, NC

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BIRKDALE VILLAGE

HUNTERSVILLE, NC

BLAKENEY

CHARLOTTE, NC

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BLAKENEY

CHARLOTTE, NC

STONECREST

CHARLOTTE, NC

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STONECREST

CHARLOTTE, NC

The first downtown mixed-use development (residential, office, retail and parking).

Jim Gross Company – Ivey’s

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Factory South was the first “loft-conversion” in Charlotte. It was a complete renovation of the 300,000 SF

• ld "Lance Cracker Factory" dating back to the late 1800’s. The lofts sold for about $100,000 per unit.

Today, they sell for over $250,000 and up. The Arlington was first high-rise residential and true mixed-use development (residential, office, retail and parking) in South End Charlotte.

Jim Gross Company – Factory South & The Arlington

Now under construction at the intersection of Providence and Queens Roads. It is the first “full-floor” condominium development in Charlotte. The main feature of the development is the creation of an “urban walkway” through the center of the development connecting Providence to Queens.

Jim Gross Company – Opus Myers Park

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W H Y E AST L A N D ?

Jim Gross Company Jim Gross Company

• Opp

Opportunit ity to

• be

be Tran ansf sformative

• Str

Strategic Loca

• cati

tion

• His

Historic ical Dest Destinati tion

• Pot
• tenti

tial l for

• r Bes

Best t New ew Ur Urba ban Cen Center er in in Char Charlo lotte

• It’s Important to Us

W h y E a s t l a n d ?

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W h y E a s t l a n d ?

Jim Gross Company

V I S I O N

Jim Gross Company

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Jim Gross Company

V i s i o n

• A clean slate - a large land area with literally “nothing”
• n

n it.

• Opportunity to create a new “tailored" urban

en environment.

• Focu
• cus on

n full ull ran ange of mi mill llennial l hou

• usin

ing opportunities.

• Ped

edest strian orie iented.

• Create a “mixing-bowl” of uses – a

a wid ide vari ariety ty of resi sidential l types, an and an an organic mi mix x of reta tail, l, resta staurant, office, hot

• tel an

and med medic ical.

• The

he develo lopment will ill be e the he cat atalyst st for

• r igniti

ting cha hange ar arou

• und its

ts proximity.

V i s i o n

Jim Gross Company

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V i s i o n

Jim Gross Company

V i s i o n

Jim Gross Company

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V i s i o n

Jim Gross Company

V i s i o n

Jim Gross Company

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V i s i o n

Jim Gross Company

V i s i o n

Jim Gross Company

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V i s i o n

Jim Gross Company

W H AT D O E S S U CC E S S L O O K L I K E ?

Jim Gross Company

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Jim Gross Company

• Bia

ias to to Acti ction ~ Must ust dem emon

• nst

strate prog

• gress

ss an and soo

• on
• Transf

sformati tive for

• r Ent

ntire Area ~ Halo alo Effect t

• New

New Mod

• del

l of Ur Urban Development t whi hich refle eflects authe authenti tic diversity, mix mixed inco comes an and ac acti tivated public spaces

• Appreci

ciating Pr Prop

• perty

ty Valu alues

• The

he ad addit ition of an an organic mi mix x of Com

• mmercial,

l, Ret etail, l, Rest estaur urant t & & Entertainment t Amenities for

• r the Trade

Area

• Rewr

ewritten Market Per erce ceptio ion of Eastl stland

ONE BELLEVUE PLACE

NASHVILLE, TN

SETTING

 Nearly 1 million sf enclosed mall

• n 87 acres, thriving and

successful in early years.  Slow steady march to decay and desolation.  Blight, economic drag, constant reminder of failure, disinvestment.  At least 3 failed redevelopment attempts.  Doubt, deflated spirits and lack of confidence abounded.

REDEVELOPMENT STORY

 Public-Private Partnership  Over 500 neighbors attended initial public meeting  Multi-year effort to envision and entitle  Over 5,000 people attended the demolition commencement event  Nearly 14,000 local followers on our social media awareness campaign

STATUS

 Execution phase is nearly complete  Restored community confidence and pride is evident  Home prices soaring  Catalytic impact on new investment in trade area  Rewritten community narrative and image is palpable  References from City officials available

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The quality of our neighborhoods defines our city and reflects our city’s values. The rede development of the he Eastla land d Mall ll property provide des argu guably the he best st opportunity in Cha harlo lotte to demonstrate tho hose valu lues, and d we cannot overstate the he potential l new investment tha hat wi will ll be made de in thi his broader part of east st Cha harlo lotte if the he new ur urban center is s develo loped d well ll. Jim Gross Company

Q U E ST I O N S A N D A N S WE RS

Jim Gross Company