Watermark on Cady Street Proposed Mixed-Use Development Conceptual - PowerPoint PPT Presentation

Watermark on Cady Street Proposed Mixed-Use Development Conceptual Review November 19, 2019

OUR TEAM Greg Presley ��������������� Project Consultant Chris Alexander ���������� Vice President of Development - Midwest Dave Englert ��������������� Senior Director of Acquisitions - Midwest Garrett Linville ������������ Development Manager 2

OUR CULTURE “To positively impact our team members and the communities we serve.” Paul Thrift, CEO 3

WATERMARK OVERVIEW ■ Watermark’s parent company, Thompson Thrift Development, was established in 1986 by John Thompson and Paul Thrift ■ Integrated, full-service development company with national scope� ■ Established in 2008, Watermark Residential, Thompson Thrift’s multifamily development division, focuses on the construction and operation of Class “A” apartment developments in affluent locations in the Midwest, Southwest and Southeast� ■ Earned recognition as one of the nation’s top multifamily developers� ■ Expertise and experience in multifamily development, construction and property management gives us a platform to develop multifamily communities that epitomize a commitment to quality and value, and exhibit meticulous attention to detail� ■ Innovative and aesthetically pleasing designs complement their respective community’s surroundings and care is taken to ensure that amenity packages and individual apartment John Thompson and Paul Thrift homes are superior� 4

WATERMARK MULTIFAMILY LOCATIONS Since closing on our first land site in 2010, we have developed over 40 projects totaling over 10,000 units. Oakland County, MI Grand Rapids, MI Grand Rapids, MI Northville, MI Mishawaka, IN West Des Moines, IA Cranberry Township, PA Fishers, IN Longmont, CO Zionsville, IN Terre Haute, IN Aurora, CO Denver, CO Parker, CO Kansas City, MO Littleton, CO Littleton, CO Louisville, KY Lexington, KY Colorado Springs, CO Chesterfield, MO Hendersonville, TN Rogers, AR Fayetteville, AR Peoria, AZ Huntsville, AL Oklahoma City, OK Gilbert, AZ Montgomery, AL Spring, TX Multifamily Projects Completed Tomball, TX Cypress, TX Davenport, FL Multifamily Under Development Katy, TX League City, TX Missouri City, TX Stuart, FL Watermark Corporate Office Corpus Christi, TX Naples, FL 5

WHY RESIDENTS CHOOSE WATERMARK ■ Desirable locations ■ Resort-style amenities ■ The highest quality unit finishes ■ Commitment to the highest level of resident service by our onsite management team ■ Watermark delivers a community lifestyle experience of luxury, style and convenience 6

UNIT FINISHES Watermark at Steele Crossing • Fayetteville, Arkansas 7

Watermark at Harvest Junction • Longmont, Colorado 8

The Villas on Fir • MIshawaka, Indiana 9

THE MARK AT FISHERS DISTRICT The Mark at Fishers District • Fishers, Indiana 10

WATERMARK ON CADY STREET G-1

PRELIMINARY SITE AERIAL Town Square Hutton Street Main Street Path to Town Square Cadytown Griswold Street New East Street t e e t r S d y a C E New Beal Street extension S C e n t e r S R t r i e v Bealtown e e t r S t r e e t Northville Downs 7 M i l e R o a d G-2

WATERMARK SITE OVERLAY ON ZONING MAP SITE G-3

CSO DISTRICT INTENT FOR SITE: ARTICLE 10.06A - PREAMBLE “The Cady Street Overlay district is intended to allow for a mixed-use transition zone between the downtown core and future residential uses to the south . The CSO district will allow a unique mix of land uses designed to serve the commercial and residential needs of the community in an attractive, well-designed, and functional environment. The district is designed to promote development consistent with the City of Northville Master Plan, and in a manner which assures quality building design and site development. It is further designed to regulate the location of parking, regulate building height to achieve appropriate scale, and encourage the development of a pedestrian-friendly environment.” G-4

NEW PROPOSAL G-5

CURRENT MASTER PLAN ■ Underground parking ■ Block grid pattern ■ High quality architecture ■ Farmer’s market ■ Pedestrian linkages ■ Public plaza G-6

MASTER PLAN UPDATE: CATEGORIES ■ Uses ■ Density ■ Building Arrangement ■ Vehicular System ■ Parking ■ Pedestrian Systems ■ Architecture ■ Storm Water Management G-7

USES June 2019 Commercial Residential 18,700 SF 300 apartments November 2019 Commercial Residential 280 apartments, 30,950 SF 20 townhomes G-8

DENSITY Density June November DU/Acre 36.6 36.6 G-9

BUILDING ARRANGEMENT June 2019 Apartments Townhomes 2 residential buildings, none 1 mixed-use building with residential above November 2019 Apartments Townhomes 16 townhomes on 4 mixed-use Beal Street, buildings with 4 townhomes on residential above S. Center Street G-10

VEHICULAR SYSTEMS June 2019 North-South East-West one new road one new road November 2019 North-South East-West two new roads one new road G-11

PARKING June 2019 Self-Parked yes, each block On-Street Parking 69 new Public Parking 295 Cady Lot Replacement yes November 2019 Self-Parked yes, each block On-Street Parking 113 new Public Parking 360 Cady Lot Replacement yes G-12

PARKING: SUB-LEVEL G-13

PEDESTRIAN SYSTEMS June 2019 Walkway to Town Square yes Steet Sidewalks 2 N-S, 2 E-W Plaza no Farmer’s Market yes, 1 ac. Pocket Parks 2 November 2019 Walkway to Town Square yes Steet Sidewalks 3 N-S, 2 E-W yes, larger than Plaza Town Square yes, Blocks 3 & 4, Farmer’s Market 2 ac. Pocket Parks 2 G-14

ARCHITECTURE Architecture June November Mass, Scale 2 buildings 4 buildings, recessed corners Height 4 stories at street 3 stories at street, 4th story stepped back Rhythm, Style, Materials mimic 120 W. Main mimic historic downtown G-15

ARCHITECTURAL DETAIL G-16

MIMICKING DOWNTOWN ARCHITECTURE G-17

MIMICKING DOWNTOWN ARCHITECTURE G-18

MIMICKING DOWNTOWN ARCHITECTURE G-19

EAST CADY STREET: LOOKING SOUTH EAST WEST G-20

EAST CADY STREET: LOOKING SOUTH EAST WEST G-21

NORTH-SOUTH PEDESTRIAN WALKWAY: LOOKING WEST NORTH G-22

S. HUTTON STREET: LOOKING WEST NORTH G-23

NEW EAST STREET: LOOKING EAST NORTH G-24

STORM WATER MANAGEMENT Storm Water Management June November Below Ground Storage yes, Block 1 yes, Block 1 Low-Impact Design yes, TBD yes, TBD G-25

PUD BENEFITS Public Place-Making G-26

PLAZA CONCEPTS G-27

OTHER PUD BENEFITS ■ Pocket parks ■ Farmers market, including parking ■ Pedestrian linkages • North-South link to Town Square • Street sidewalks East-West and North-South ■ Public Parking G-28

OTHER PUD BENEFITS: NOVEMBER 2019 G-29

Thank You!