Laserfiche WebLink
Residential <br /> Total Units Avg.SF Ave.Rent Rent SF <br /> 204 863 $1,857 $2.15 <br /> Retail/Commercial Space <br /> Building SF Avg Rent/SF <br /> Roundstone 11,000 $30.00 <br /> Curtis 13,000 $30.00 <br /> Garage <br /> User Spaces <br /> Roundstone 240 <br /> Cleveland Clinic 75 Market Analysis Comparison <br /> Residential 140 <br /> Commercial/Public 85 . ua g- iati® <br /> vs Proposed Developnxent Programs <br /> TOTAL 540 <br /> Project Summary °'40° irC <br /> TOTAL PROJECT COST 81,875,000 <br /> Est.Construction Loan 49,500,000 �o - <br /> Developer Equity 14,500,000 pPo ���� IIII IIIIIIIIII '_c <br /> GAP 17,875,000 VUUU <br /> Comparable Development Projects Market Comparison <br /> CedarLee CASTO/North Previous <br /> Downtown Lakewood Top of the Hill Mea dowbrook Van Aken Phase 1 Market Study" <br /> Pointe Realty Developer <br /> Office 65,000 - - 60,000 Office 73,530 65,000 120,000 <br /> Retail/Commercial 30,000 11,000 8,000 100,000 Retail/Commercial 20,000 30,000 80,000 <br /> Residential 204 261 206 103 Hotel - - 80,000 <br /> Open Space 20,000 25,000 100,000 15,000 Residential 116-348 204 177 <br /> Structured Parking 540 550 377 325 Garage Spaces 540 710-910 <br /> Project Cost $90,000,000 $83,000,000 $52,000,000 $95,000,000 <br /> *There are speciFc notes and limitations on the projected demand.See the study for additional <br /> Incentives: TIF TIF TIF TIF information. <br /> 30 Years,100% 30 Years,100% 30 Years,100% 30 Years,100% <br /> Schools TBD Schools 25% Schools 25% Schools 25% <br /> Developer Bond City Bond City Bond Developer Bond <br /> Land TBD Land Contribution Land Contribution City Funds-$6M <br /> City Funds-$1.5 <br /> M City Funds-$1.85M Transfer City Garage County Loan-$4.3M <br /> Other Sources TBD Port Savings <br /> F.- <br /> 1.Lakewood incentives are conceptual based.updated­p—L <br /> 2.Cedar lee Meadowbrook incentives are proposed and not yet approved. <br /> 3.School percentage(L,S6.1,25%)means amount tfie schools are receiving of incremental taxes. <br />