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Item 6C and 6D (2)City of Southlake City Council October 15, 2013 OVERVIEW  Community Specialty Retail Property  183,750 Net Square Feet  22.5 (gross) Acres  Specialty Grocer, Community Retail, Shops & Restaurants  Two New Public Roadways  Opening: Fall, 2014 TEAM  Developer – The Woodmont Company  Architect – Herschman Architects  Engineer – Cates, Clark & Associates  Landscape Architect – MESA  The City of Southlake Site Plan  2 Retail Components – Grocer / Community Retail – Specialty Village  Urban streetscape experience  Pedestrian access  Public / meeting areas Construction Phase Plan Architectural Enhancements Tower Focal Feature DAY NIGHT Screen Wall Buildings F & F2 Screen Wall “RIM” Walking Surface & Flatwork “RIM” Material Types Salt Sandblasted Concrete Finished Scored Concrete Common Area Architectural Enhancements TOTAL COST $3,792,505 throughout project $650,000 LANDSCAPING / IRRIGATION landscaping, lighting, seating, pond aerator $132,000 DETENTION POND AMENITIES (30) decorative light poles & fixtures $180,000 DECORATIVE LIGHTING architectural screen walls on zena rucker road $125,000 SCREEN WALLS –ZENA RUCKER RD architectural planters & retaining walls $248,005 RETAINING WALLS – CARROLL AVE (30,000 sf) throughout “village” area $210,000 PAVERS/STAMPED CONCRETE (95,000 sf) inclusive of upcharge for colored $427,500 concrete in “village” area CONCRETE – COLOR (50) located at corner of fm 1709 & carroll ave & $50,000 throughout the “village” area DECORATIVE BOLLARDS (25) raised pot planters located in “rim & village” $100,000 areas PLANTERS –POTS (8) Raised planters in “village” area $40,000 PLANTERS –CAST IN PLACE architectural / decorative seating located $100,000 throughout project SEATING (1) located in the “rim” area $150,000 ARCHITECTURAL TOWER FEATURE (1) located in the village area $20,000 FIRE PIT (2) totaling 84 sf located in the “village” area $60,000 LINEAR FOUNTAIN (1) 600 sf fountain located east of building “n” $200,000 INTERIOR FOUNTAIN (1) 3,000 sf fountain @ corner of fm 1709 & carroll $1,100,000 ave SIGNATURE FOUNTAIN Project Amenities  The Developer shall be obligated to construct/deliver the “Project Amenities”, as defined on the preceding schedule, in conjunction with overall Development: – Within 30 days of the City’s issuance of the first building permit in the Development, the Developer would provide letter of credit (“LOC”), in a form acceptable to the City, in the amount of the estimated cost of the yet‐ to‐be‐constructed Project Amenities, naming The City as the beneficiary. – The LOC shall be subsequently reduced by the amount of each Project Amenity upon completion of such Amenity. – The LOC shall automatically expire/terminate upon completion of all the Project Amenities. – Should the Developer fail to complete all Project Amenities within 18 months following the issuance of the first building permit, the City shall then have the right draw upon the LOC and cause for the construction of the Project Amenities that are then‐outstanding. – Developer shall provide the City with a temporary construction easement, in a form acceptable to the City, to allow the City (and its contractors) to enter upon the Development property to complete the Project Amenities by an agreed upon date. Construction Access Plan Parking Standards & Demand  “The fact that a customer usually visits several stores during a single shopping trip and the rate of turnover of the spaces distinguish parking requirements for shopping centers from those of freestanding commercial enterprises.  Parking standards are expressed as a parking ratio—the number of parking spaces per 1,000 square feet (93 square meters) of GLA in a shopping center. GLA is a known and realistic factor for measuring the adequacy of parking provisions in relation to retail use.  Based on a comprehensive study of parking requirements for shopping center conducted by ULI and the International Council of Shopping Centers in 1999, the following base parking standards are recommended for a typical shopping center today:  Four spaces per 1,000 square feet (93 square meters) of GLA for centers with a GLA of fewer than 400,000 square feet (37,175 square meters)  The parking ratios presented above apply to centers that have no more than 10 percent of their GLA occupied by restaurants, entertainment venues, and/or cinema space. For centers where these uses occupy 11 to 20 percent of GLA, a linear incremental increase of .03 space per 1,000 square feet (93 square meters) for each percent above 10 percent is recommended.”1  Our proposal reflects a restaurant percentage to the total size of 18.21%; therefore, the Center should have an overall parking ratio of 4.24 parking spots. ([18.21% ‐ 10%] = 8.21 x .03 = .24 + 4 = 4.24) – 1 Retail Development, Fourth Edition by Urban Land Institute ‐ ULI Development Handbook Series, Copyright 2008, (Chapter 4. Planning and Design, Pages 152, 153) Material Types & Site Plan Key Brick Cultured Stone Ceramic Tile Accents Cast Stone Architectural Metals Grocer / Community Buildings A, B & C Community Building D Community Buildings E & E2 Community Buildings F & F2 The Village The Village Interior Village Perspective Village Buildings I, J & K Village Buildings L & M Village Building N Village Building N Village Building N Village Building O Village Building O Village Building O Zena Rucker Road West View Perspective Zena Rucker Road Building F South & F2 East Elevation Hardscape / Landscape Hardscape / Landscape Interior View Perspective Custom Benches Custom Benches Fire Pits Plaza Gateway Fountain Corner Fountain Perspective Village Center Fountain Linear Water Features Pedestrian Experience Village Center Experience Enhanced Paving Materials Shade Structures THANK YOU PARK VILLAGE PARKING ANALYSIS 10.1.2013 building area less storage net retail / restaurant area net retail area Building Total Sub Total Retail Sales Area Serving & Kitchen Area Building A 21,006 (6,186) 14,820 14,820 0 Building B 22,205 (3,800) 18,405 18,405 0 Building E 20,503 (1,077) 19,426 19,426 0 Building C 3,142 (471) 2,671 2,671 0 Building D 10,658 (1,614) 9,044 9,044 0 Building E2 11,298 (1,732) 9,566 9,566 0 Building F 8,710 (1,314) 7,396 7,396 0 Building F2 9,618 (1,450) 8,168 4,768 3,400 Building O 25,336 (4,040) 21,296 13,773 7,523 Building N 15,666 (2,402) 13,264 5,231 8,033 Building M 6,447 (1,050) 5,397 3,697 1,700 Building L 4,993 (749) 4,244 0 4,244 Building K 5,688 (853) 4,835 0 4,835 Building J 9,057 (1,143) 7,914 7,914 0 Building I 8,973 (1,431) 7,542 7,542 0 LL Space 450 (68) 382 382 0 Totals 183,750 (29,380) 154,369 124,635 29,734 100.00% ‐15.99% 84.01% 67.83% 16.18% storage areas are est. at 15% net restaurant area Method: Park Village... (Net GLA at 1 per 200 SF) + (Storage areas at 1 per 1,000) Method: Urban Land Institute... (see narrative) ([16.18% ‐ 10%] = 6.18 x .03 = .1854 + 4 = 4.1854) = 769 Parking Spaces ( 154,369 SF ÷ 200 ) + ( 29,380 ÷ 1,000 ) = 801 Parking Spaces ( 124,635 SF ÷ 200 ) + ( 29,734 ÷ 100 ) + ( 29,380 ÷ 1,000 ) = 950 Parking Spaces ‐ 10% Variance = 854 Parking Spaces Method: Shops at Soutlake… (Gross BSF at 1 per 200) Method: City Ordinance… (Net Retail GLA at 1 per 200) + (Net Restaurant at 1 per 100) + (Storage Areas at 1 per 1,000) ( 183,750 SF ÷ 200 ) = 919 Parking Spaces ‐ 10% Variance = 827 Parking Spaces Parking Standards & Demand  “The fact that a customer usually visits several stores during a single shopping trip and the rate of turnover of the spaces distinguish parking requirements for shopping centers from those of freestanding commercial enterprises.  Parking standards are expressed as a parking ratio—the number of parking spaces per 1,000 square feet (93 square meters) of GLA in a shopping center. GLA is a known and realistic factor for measuring the adequacy of parking provisions in relation to retail use.  Based on a comprehensive study of parking requirements for shopping center conducted by ULI and the International Council of Shopping Centers in 1999, the following base parking standards are recommended for a typical shopping center today:  Four spaces per 1,000 square feet (93 square meters) of GLA for centers with a GLA of fewer than 400,000 square feet (37,175 square meters)  The parking ratios presented above apply to centers that have no more than 10 percent of their GLA occupied by restaurants, entertainment venues, and/or cinema space. For centers where these uses occupy 11 to 20 percent of GLA, a linear incremental increase of .03 space per 1,000 square feet (93 square meters) for each percent above 10 percent is recommended.”1  Our proposal reflects a restaurant percentage to the total size of 18.11%; therefore, the Center should have an overall parking ratio of 4.24 parking spots. ([18.11% ‐ 10%] = 8.11 x .03 = .2433 + 4 = 4.2433) – 1 Retail Development, Fourth Edition by Urban Land Institute ‐ ULI Development Handbook Series, Copyright 2008, (Chapter 4. Planning and Design, Pages 152, 153)  City of Southlake will issue certificates of occupancy for up to 120,000 SF of space until the following amenities are completed: – One (1) 3,000 SF fountain at the NEC of the project – One (1) 600 SF fountain east of Building N – Two (2) 45 SF fountain features – Twelve (12) seating benches – Impervious hardscape in the “village” area, sidewalks and drive ways constructed with integral colored concrete and other upgraded materials