Item 6 - Applicant's Presentation T rGARDEN DISTRICT RESIDENCES
FROM CONCEPT TO REALTY
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April, 2021
COOPER
AN"STEBBINS TOWNSQUARE
S p U T H L A K f
TOWN SQUARE
SITE PLAN REQUEST L oil
A DEVELOPMENT BY COOPER&STEBBINS,L.P.
SITE PLAN CONFORMS TO AND IMPROVES UPON '
/ Park Ridge Blvd. +
THE 2013 APPROVED CONCEPT PLAN. • -� �► !i ,•
F
°dB+° BUIUDNGA BUiLiDNG B y
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1) Fewer Buildings/Units: Up to 58 two \
and three-bedroom Residences in 2eR��
STE PARK
buildings; 1,500 SF minimum unit size • �I .� O
Ha • ;
•40 4r 4 •••• 0460 ••••. • ••
and 2,000 SF estimate average unit Meeting Street °r
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size. IN
2) Direct Access: Elevators rise from a
private garage to semi-private elevator <<,
lobbies. Park Ridge vivo.
3) Class A Buildings: Quality in design, °ej wey ' RI ui id.ngA
construction and finishes inside and
out will appeal to Town S uare's -_____Alternate Cen�aJ.
p p q Avenue Relocation Residential`
i'# Residential Building,C
upscale residential market. Building¢
Oval Park
Meeting Street "0
COOPER 2013 CONCEPT PLAN • ' UNITS
AN1)STEBBINS
z
S p U T H L A K f
TOWN SQUARE
SITE PLAN REQUEST (CONT.) L oil
A DEVELOPMENT BY COOPER&STEBBINS,L.P.
SITE PLAN CONFORMS TO AND IMPROVES UPON THE CONCEPT PLAN APPROVED IN 2013.
1) David M. Schwarz Architects
recognized as one of the
world's best in creating
upscale places for people.
2) 4-story buildings fit within �►
ou ■m mlmo I ,, ,n ■ •��.
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52' height limit. 41h floor
Penthouse setbacks create
large walk-out terraces
3) East building steps down to
3 stories at Meeting Street.
LOOKINGVIEW . •
COOPER
""STEBBINS
3
S p U T H L A K f
TOWN SQUAD
WORLD CLASS ARCHITECTURE 1:1
A DEVELOPMENT BY COOPER&STEBBINS.L.P.
TIMELESS DESIGN COMPLEMENTS THE SURROUNDING DISTRICT.
PIP
4) 4-sided brick buildings. Cast
stone and other masonry
accents incorporate Neo-
classical influences.
5) Buildings designed to fit in
with adjacent Brownstones `
and Residences. ,
6) Elimination of 3rd building
creates new pocket park
opportunity at NW corner
k
of Meeting Street and Park
Ridge Boulevard.
LOOKING11
VIEw • • PARK RIDGE
COOPER
""STEBBINS
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S p U T H L A K f
TOWN SQUARE
LANDSCAPE PLAN L oil
A DEVELOPMENT BY COOPER 8 STEBBINS,L.P.
NEW OPEN SPACE WILL ENHANCE THE NEIGHBORHOOD'S OUTDOOR LIVING ROOM.
1) New Public Park: "The Grove" adds public park space and walking trails for residents and
visitors.
2) The Terrace: Private amenity deck adjacent to Stebbins Park provides rich and varied
outdoor living spaces for residents to meet and socialize
3) New Connections: New pathways add interest and enhance walkability around the Garden
District and throughout Southlake Town Square.
02 terrace patio
Park Ridge Blvd. I ® __-
_ 03 covered outd000r
terrace with fire pit
04 seating area
05_ park connection
r
'a 06_ meadow planting
R,d
07 decomposed granite path
08- fence and garden gate
09_ bio-swale planting
10 decorative pots
and planting bands
4 1'k
----- - \The Grove` -
L L e 4 �
The Terrace
�. Stebbins Park
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G
t eting S eet
COOPER Meetin St t
AN1)STEBBINS
5
S p U T H L A K f
LTOWN SQUAD
PUBLIC PARK SPACE 1:1
A DEVELOPMENT BY COOPER&STEBBINS,L.P.
SOUTHLAKE 2035 SUPPORTS DEDICATION OF y
STEBBINS PARK AND THE GROVE.
1) These Park facilities serve the
public and provide linear linkages
meeting the needs of the City's ,,;T
residents, businesses and visitors.
2) Both Parks are desirable for4:Y -r
�M
dedication as part of the
development process based on
classification, location and
maintenance cost.
7'
3) Town Square Parks provide
strategic opportunities for land
acquisition for community and
economic development. 11r',
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COOPER
AN
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S p U T H L A K f
TOWN SQUAD
A NEW WAY OF LIVING 1:1
A DEVELOPMENT BY COOPER d STEBBINS.L.P.
DESIGN He AMENITIES WILL ENHANCE THE DOWNTOWN RESIDENTIAL LIFESTYLE.
I ,
1) Semi-private elevators
serve each pair of UNLIT UNIT
Residences. 2D
TA I ip
2) Design maximizes views D-
and natural light for each EINvICE C;UPRIDjR
Residence. ❑ I�1F� ',cE�0❑❑�
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EL J.
3) Fire/Service corridors La
-
enhance building safety
and operations while UNIT UNIT
2F 2E
adding to Resident
privacy.
HALF A TYPICAL FLOOR PLAN SHOWING SERVICE CORRIDOR IN GREY
COOPER
""STEBBINS
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S p U T H L A K ,
TOWN SQUAD
A NEW WAY OF LIVING (CONT.) 1:1
A DEVELOPMENT BY COOPER&STEBBINS.L.P.
DESIGN & AMENITIES WILL ENHANCE THE DOWNTOWN RESIDENTIAL LIFESTYLE.
7.
1 Is' floor Residents'
terraces provide walk-out x ow
t
access to adjacent Parks.
3.�
2) The Terrace provides a
large outdoor living room
for all Residents to enjoy.
3) Community Room and
Fitness Room provide
additional areas in which
to socialize and work out.
r::,..: Illi.11lllli
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COOPER
""STEBBINS
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=�NS
A NEW WAY OF LIVING (CONT.)
A DEVELOPMENT BY COOPER 8 STEBBINS,L.P.
DESIGN & AMENITIES WILL ENHANCE THE DOWNTOWN RESIDENTIAL LIFESTYLE.
1) Private entry drive and arrival court facilitates guest and service delivery and pick-up.
2) Private, secured underground parking garage provides 2 spaces per Residence.
3) Each Residence has indoor climate-controlled storage on its floor.
- VV - - - -- PrivateP'®t
i k
/ � v
F Residential rr
Building A Seating Area with
Decorative Planting
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❑c=❑oc�oc ,
Shumard Oak Trees n n AZ
Private Patio,Typ. Covered Terrace 9 0 0 Biosw
with Fire Pit ❑❑ Planti
u u
❑0
� -Otf6 i r k
�. (*Art Sc I ure Meadow Plan in
Residential g
Building B '•r, �. I
errace atio e = Sea g Area
` Existing Park
- 111 S
——— -- -meat
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COOPER
"°STEBBINS
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S p U T H L A K f
TOWN SQUARE
TRAFFIC AND SAFETY ENHANCEMENTS L oil
A DEVELOPMENT BY COOPER&STEBBINS,L.P.
PROPOSED CHANGES AT CENTRAL AVE. / FEDERAL WAY INTERSECTION WILL BENEFIT TOWN SQUARE.
/ Park Ridge Blvd.
LOA II SPAM
1) New crosswalks would / _ - 4—A
enhance safety and Poole
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e
connectivity to and from aera� / BUILIDNGA — B
4 STORIES
Town Square's mixed-use —
districts. SMIN.BLDG.I� /
1S MAX --
2) New stop signs would
';4- (SEE LANDSCAPE-PLANS FOR THIS AREA)help regulate speed and ' F_
ARRIVAL COURT��
improve walkability on
Central Avenue. �� STEBBINS PARK
3) Meandering sidewalk ---------------- ----------
would
enhance landscape
and add an opportunity Meeting street__
for public art.
COOPER
AN1)STEBBINS
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S p U T H L A K f
TOWN SQUAD
ADVANCING THE VISION 1:1
A DEVELOPMENT BY COOPER&STEBBINS.L.P.
THE GARDEN DISTRICT RESIDENCES ARE THE LATEST CHAPTER IN THE VISION TO:
1) Build a Stronger Community.
2) Build a Stronger Downtown.
3) Build a Stronger School District.
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r 11,
COOPER
""STEBBINS
S p U T H L A K f
TOWN SQUAD
BUILD A STRONGER COMMUNITY 1:1
A DEVELOPMENT BY COOPER d STEBBINS,L.P.
GARDEN DISTRICT RESIDENCES WILL RETAIN AND ATTRACT VALUABLE RESIDENTS
Downtown residential is providing
options to valuable residents as their
lifestyles change, and attracting new -
residents who are an asset to the
Community:
1) Seniors and other Empty Nesters - -
2) Family Situations (Parents and °1
In-Laws of Southlake Residents,
Divorcees, etc.)
3) Traveling Lifestyle (Corporate
.;. .
Executives, Frequent Fliers, etc.)
4) SINKs and DINKs
THE HEART AND SOUL OF • OUR •
COOPER
""STEBBINS
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S p U T H L A K f
TOWN SOUAU
BUILD A STRONGER DOWNTOWN 1:1
A DEVELOPMENT BY COOPER&STEBBINS.L.P.
"THE BEST DOWNTOWNS HAVE PEOPLE LIVING IN THEM." — BRIAN R. STEBBINS
1) Goal #1 of City's Land Use Plan: "Promote quality development that...contributes to an overall
sense of place and meets the needs of a vibrant and diverse community."
2) Growing the Town Square Community of Residents: Helps support, retain, and attract
retailers, restaurants, office, entertainment and other commercial uses.
3) Smart Tax Base Growth: Quality residential in mixed use developments adds significant tax
revenues allowing more flexibility to keep our taxes low.
B -
COOPER
A""STEBBINS
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TOWN SQUAKE
BUILD A STRONGER SCHOOL DISTRICT 1:1
A DEVELOPMENT BY COOPER&STEBBINS.L.P.
SIGNIFICANT PROPERTY TAX, PROTECTED FROM ROBIN
HOOD, AND WITH FEWER BURDENS ON THE SCHOOLS. •
1) $60M+ Garden District Residences will generate an
estimated $600K+ in annual M&O CISD property
taxes which are protected from Robin Hood
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recapture due to its location in the City's Tax #EXP�C��A LENCF
x
Increment Reinvestment Zone.
2) With the Garden District Residences, Town Square's
residential property values are projected to grow to
over $200M, on just 15 of Town Square's 125 acres
— a yield of over $13M per acre.
3) Downtown residents have fewer kids and so are not _
a burden to schools but pay property taxes as if they
�I
did. They also have fewer cars and drive less,
reducing traffic compared to commercial uses.
A
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COOPER Ok-
A N 1)STEBBINS
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=T _
SQUARE
ECONOMIC ENGINE
A DEVELOPMENT BY COOPER&STEBBINS,L.P.
TOWN SQUARE"S DOWNTOWN RESIDENTIAL
PROGRAM IS GENERATING SIGNIFICANT
RETURNS TO THE CITY AND SCHOOL DISTRICT.
y 11414
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« . ;, • •
1) Garden District Residences projected to ,
be valued at over $60M on completion,'
over $1M per Residence. Val
2) With Garden District Brownstones, total
value of the District on completion will
exceed $100M. E
3) Town Square's residential program is 4
g
expected to row to an estimated
p
$200M on completion of the Garden r L '�
District Residences, generating
a ua4—s Thy „ a�
estimated property tax revenues of over
$2.7M per annum to CISD and over
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$800K per annum to the City. Name
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p Y• ;" r x 0-41 , apa.�� -
� ' �j 'i�'s � ICti R 9r �$a9k�'; � �• am .. �
COOPER �E 4-Q H KEEL D'
AN1)STEBBINS _
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