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

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

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Watermark on Cady Street Proposed Mixed-Use Development Conceptual Review November 19, 2019 OUR TEAM Greg Presley Project Consultant Chris Alexander Vice President

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Watermark on Cady Street

Proposed Mixed-Use Development Conceptual Review

November 19, 2019

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OUR TEAM

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

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“To positively impact our team members and the communities we serve.”

Paul Thrift, CEO

OUR CULTURE

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John Thompson and Paul Thrift

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 homes are superior

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WATERMARK MULTIFAMILY LOCATIONS

Stuart, FL Oklahoma City, OK Parker, CO Huntsville, AL West Des Moines, IA Kansas City, MO Zionsville, IN Mishawaka, IN Missouri City, TX Corpus Christi, TX Denver, CO Colorado Springs, CO Longmont, CO Chesterfield, MO Fayetteville, AR Rogers, AR Gilbert, AZ Lexington, KY Louisville, KY League City, TX Katy, TX Tomball, TX Cypress, TX Spring, TX Terre Haute, IN Fishers, IN Oakland County, MI Northville, MI Hendersonville, TN Montgomery, AL Aurora, CO Peoria, AZ Davenport, FL Naples, FL Cranberry Township, PA Littleton, CO Grand Rapids, MI Littleton, CO Grand Rapids, MI

Multifamily Projects Completed Multifamily Under Development Watermark Corporate Office

Since closing on our first land site in 2010, we have developed over 40 projects totaling over 10,000 units. 5

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■ 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

WHY RESIDENTS CHOOSE WATERMARK

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Watermark at Steele Crossing • Fayetteville, Arkansas

UNIT FINISHES

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Watermark at Harvest Junction • Longmont, Colorado

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The Villas on Fir • MIshawaka, Indiana

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The Mark at Fishers District • Fishers, Indiana

THE MARK AT FISHERS DISTRICT

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WATERMARK ON CADY STREET

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S C e n t e r S t r e e t R i v e r S t r e e t E C a d y S t r e e t New Beal Street extension Griswold Street Hutton Street Main Street 7 M i l e R

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Northville Downs Cadytown Bealtown Path to Town Square Town Square New East Street

PRELIMINARY SITE AERIAL

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SITE

WATERMARK SITE OVERLAY ON ZONING MAP

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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.”

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NEW PROPOSAL

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CURRENT MASTER PLAN

■ Underground parking ■ Block grid pattern ■ High quality architecture ■ Farmer’s market ■ Pedestrian linkages ■ Public plaza

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MASTER PLAN UPDATE: CATEGORIES

■ Uses ■ Density ■ Building Arrangement ■ Vehicular System ■ Parking ■ Pedestrian Systems ■ Architecture ■ Storm Water Management

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USES

June 2019

Commercial Residential 18,700 SF 300 apartments

November 2019

Commercial Residential

30,950 SF

280 apartments, 20 townhomes

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DENSITY

Density June November DU/Acre 36.6 36.6

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BUILDING ARRANGEMENT

June 2019

Apartments Townhomes 2 residential buildings, 1 mixed-use building with residential above none

November 2019

Apartments Townhomes

4 mixed-use buildings with residential above

16 townhomes on Beal Street, 4 townhomes on

  • S. Center Street

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VEHICULAR SYSTEMS

June 2019

North-South East-West

  • ne new road
  • ne new road

November 2019

North-South East-West two new roads

  • ne new road

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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

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PARKING: SUB-LEVEL

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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 Plaza yes, larger than Town Square Farmer’s Market yes, Blocks 3 & 4, 2 ac. Pocket Parks 2

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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

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ARCHITECTURAL DETAIL

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MIMICKING DOWNTOWN ARCHITECTURE

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MIMICKING DOWNTOWN ARCHITECTURE

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MIMICKING DOWNTOWN ARCHITECTURE

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EAST CADY STREET: LOOKING SOUTH

EAST WEST

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EAST CADY STREET: LOOKING SOUTH

EAST WEST

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NORTH-SOUTH PEDESTRIAN WALKWAY: LOOKING WEST

NORTH

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  • S. HUTTON STREET: LOOKING WEST

NORTH

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NEW EAST STREET: LOOKING EAST

NORTH

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STORM WATER MANAGEMENT

Storm Water Management June November Below Ground Storage yes, Block 1 yes, Block 1 Low-Impact Design yes, TBD yes, TBD

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PUD BENEFITS

Public Place-Making

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PLAZA CONCEPTS

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■ Pocket parks ■ Farmers market, including parking ■ Pedestrian linkages

  • North-South link to Town Square
  • Street sidewalks East-West and North-South

■ Public Parking

OTHER PUD BENEFITS

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OTHER PUD BENEFITS: NOVEMBER 2019

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Thank You!