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Item 6A - Applicant's presentationCity Council Meeting December 7, 2021 Update November 16, 2021 ZONING CHANGE REQUEST 42 ACRES City Council Meeting December 7, 2021 ZONING APPROVAL REQUEST Evolution of Concept PlansLand Use Mixes 1 2 3 1 2 3 172 Units ZONING APPROVAL REQUEST Stone Walls with Magnolia Trees as landscape for library wall ZONING APPROVAL REQUEST •2025, 2030 & 2035 Land- Use Plans •114 Sector Plan •Parks & Recreation Plan •Library Study •Retail Saturation Study •Economic Cluster Analysis ANALYSIS & ALIGNMENT WITH CITY VISION Vision Alignment With Economic Cluster Analysis Recommendations: •Develop a culinary tourism marketing strategy towards local events and culinary endeavors “Culture and Culinary Hub” •Create a destination restaurant cluster (6-10) •Establish a for-profit or non-profit culinary school Vision Alignment With Economic Cluster Analysis “Culture and Culinary Hub” Components: •350 to 500 seat Multi-Use, Performing Arts Venue. •Culinary incubators •Local Artist Spaces and Galleries •Outdoor Cultural Events and Farmers Markets. Park & Restaurant Rendering –Current 2021 Restaurant & Kiosks Food Trucks & Entrance from Residential to the East Bell Tower and Water Feature Amenities ENTERTAINMENT FEATURE & DESTINATION DRIVER Water Features –OTL (Outside the Lines) Longwood Gardens, PA Proper water feature maintenance is essential to saving long-term costs and ensuring smooth, consistent functionality for all water amenities The key is to entrust this work to experts who specialize in the intricacies of water features –this strategy minimizes time spent and maximizes effectiveness CARILLON CULINARY INSTITUTE CCI –SHOWCASE KITCHEN HOSPITALITY ALLIANCE –CURATE /PROGRAM Iconic Architecture –Luxury Lofts Over Retail 50 Units on 22 acres 2,300 SF Min. High End Amenities Probably highest price per sq ft in Southlake ($1000/sf+/-for penthouse) Parkview $804/sf for penthouse Council expressed desire to further study the library component PROPOSED LUXURY LOFTS PROPOSED NICHE RETAIL Retail under Lofts 47,000sf 4 Major Rest 25,900sf Retail under office 36,000sf Total 108,900sf Not shown is planned covered walkways across retail fronts to encourage shopping/dining in all weather PLANNED RETAIL/RESTAURANT PHASING PLAN (By CO of first commercial building) Park and Pathway Plan Park Acreage approx. 8-9 acres Park Dedication (approx.) Potential Future Library Location Developer believes in and encourages the library/performing arts facility be located at Carillon Parc Developer will delay detailed engineering and development of the area in red for the next 6 months to allow city time to determine the need for and location of a library Kiosk & Food Truck Zone VALUE CREATION COMPARISON Overall Taxable Value $350M Employees 1,261 Commercial Square Footage 877,400sf Taxable Sales $65M 1,037,704 estimated out-of-town visitors in the first year of opening. The Carillon Parc development would bring renewed national recognition to the city and place it among the top cities in the nation for destination culinary experiences, including the Carillon Culinary Institute and renowned chef driven restaurants. QUESTIONS THANK YOU