SLIDE 11 PROJECT OVERVIEW
As of September 1,, 2014, Wood Development nt Group up is moving ng straig aight ht ahead ad with h plans ns to develo lop Greens ns at Tiffany fany Spring ngs, Phase I; a 272 unit it, $32.6 millio illion n upscal ale, market rate-/gat ated apartment nt communit nity locat ated in the heart of the well estab ablis ished KCI TIF Distric ict and $70 milli llion n Twin n Creeks Water Shed Distric ict, on 24.2 acres es of apartment nt zoned ground und, within hin ½ mile ile east of the 18 8 hole Tiffany fany Spring ngs Golf Course. Note on the TIF aerial ial (page 9) that northb hbound
n Hills lls Rd. at Hwy 152, whic ich h intersect ects with h The Greens ns, will ll be widened ned to 4 lanes nes along ng with h the round about ut at Tiffany fany Spring ngs Rd. & N. Green Hills ls, both h to commenc nce e construc uction ion in fall ll of 2014. Menards and Sam’s Wholesale are scheduled to start construction in spring of 2015, as are continued expansions to the KCI Indus ustria ial l Park and Zona Rosa a Town Center, a mixed ed use commercial ial center now in excess of 1.5 mill illio ion n squar uare feet. The area a is literal ally ly ablaze laze with h new projects involv lving ing infras astruc uctur ure, e, commercial ial, and sing ngle le famil ily neigh ghborhoo
- hoods. Ford Motor at their
ir Claycom
plant nt, on September 24th
th, anno
nounc unced the permanent anent addit itio ion n of a second
ift whic ich h will ll add 1,200 new jobs. The Clay aycom
facilit ility is withi hin n 15 minut nutes es of Greens ns at Tiffany fany Spring ngs. The Greens ns is the fourth h co develo lopment ent in the KC metro area a for Wood Develo lopment ent Group (WDG) beginnin inning g in 2011; --
he elevent nth h project in six states es and involv lving ing in excess of 2,800 unit its sinc nce 2004. The development nt team includ udes es Lutze zen Engine ineerin ing, g, KCMO and The Hill l Firm, AIA, Fort Smith, h, Ark., also archi hitects on Heigh ghts at Delawar ware Ridge ge (228 unit its), and Kins nsle ley Forest (312 unit its). Prelim imin inar ary site plan n tied to survey and topo is included luded herewit ith; floo
ns TIF and Watershed aerials ials, buildi ilding ng prototypes and elevat atio ions ns, full ll pro forma, a, current nt Hwy. 152 localize alized rent survey, 2013-14 compar arab able le sale les, and econom
ic trends includ luding ing the KCI TIF stat atus us and populat ation ion projections ions for the Twin n Creeks Watershe hed Distric
nstruc uctio ion n estim imat ates es provided ed by Haren Laug ughl hlin in Construc uction ion Co., Lenexa, a, Kans nsas as, a seasone
ent builde ilder. The amend nded ed prelim imina inary develo lopment nt plan n (inclu luded) was present nted ed to KCMO P & Z on September er 2nd
nd with
h final al approval als tentat ativ ively ly projected ed to occur ur by December 2014. Cons nstruc uctio ion n will ll star art in June ne of 2015 with h 30 month h cons nstruc uction/ n/le leas ase up term, 15 unit its/mo. avg.
ion—stab abilize ilized occup upan ancy sum ummer of 2017. WDG retains ains relat ations nship hips with h capab able le cons nstruct uctio ion n lende ders and equity sources ces incl cluding uding Woodbur ury Strategic gic Partne ners, , Salt Lake City. . Wood is seeking ing a co developer/end end owner for particip ipat ation ion and full l ownershi hip on comple letion. n.
