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Item 4C SPIN Report SPIN MEETING REPORT SPIN Item Number: SPIN2015-32 Planning Case Number: Application pending Project Name: Delta Southlake SPIN Neighborhood: SPIN # 7 Meeting Date: September 8, 2015 Meeting Location: 1400 Main Street, Southlake, TX City Council Chambers Total Attendance: Twenty-two (22) Host: David Alexander, Community Engagement Committee Applicant(s) Presenting: Carl Schwab, RREAF Real Estate; et al two (2) City Staff Present: Shannon Hamons, Director of Economic Development & Tourism; Lorrie Fletcher, Planner I City Staff Contact: Richard Schell, Principal Planner – 817.748.8602 or rschell@ci.southlake.tx.us Town Hall Forums can be viewed in their entirety by visiting http://www.cityofsouthlake.com and clicking on “Learn More” under Video On Demand; forums are listed under SPIN by meeting date. FORUM SUMMARY Property Situation: Southeast corner of SH114 and White Chapel Blvd. Development Details: Currently the subject property is approximately 16 acres / 6 individual parcels Current zoning is AG – Agricultural District and C-3 – General Commercial District Current Future Land Use designation is Mixed Use Proposed zoning is S-P-2 – Generalized Site Plan District with hotel (on approx. 5 acres), office component, retail and food/beverage. Full-service hotel proposed to be six stories and approximately 220 rooms Proposed Delta brand hotel (under Marriott) situated for the business traveler Development to compliment Forest Park to the east – similar colors and materials Exhibits presented at SPIN: QUESTIONS / CONCERNS: Will you build the hotel first then the remaining? o Yes, we feel the hotel would bring other tenants to the property. The hotel is a big commitment. Has corporate Marriott expressed concerns being so close to Solana? What is your timeline? o It will take about 2 years; Marriott is good – ready and vetted. Have you performed a traffic study? o Yes, we’ve done our TIA. Isn’t White Chapel widening? o Yes, four lanes are planned. The 114 corridor is filling up with corporate development and hotels. The hotel is beautiful… will there be sound buffers? Trees? What you show in trees will not be enough to buffer noise. What is the White Chapel timeline? o The bid starts in October so will likely start after Christmas. We will break ground in 9 months. Is there a demand for a hotel? o Yes, for full-service What is the room rate and expected occupancy? o $166 to $180 average / 66% year one; will stabilize at 80% Can you compete with the Westin? o Yes… the Westin is at a higher price point. o The feasibility report is important – we rely on it; the indicators show support. I am pleased with the hotel and infrastructure planned. I am worried about traffic on Dove. I am also worried about cheap fast food; will you have CCNRs on the out buildings? o Yes, the remainder of the development is conceptual. We will need site plan approval for the remaining parcels. So no gas station? o No Meeting adjourned 8:03 PM SPIN Meeting Reports are general observations of SPIN Meetings by City staff and SPIN Representatives. The report is neither verbatim nor official meeting minutes; rather it serves to inform elected and appointed officials, City staff, and the public of the issues and questions raised by residents and the general responses made. Responses as summarized in this report should not be taken as guarantees by the applicant. Interested parties are strongly encouraged to follow the case through the Planning and Zoning Commission and final action by City Council.