260 SOUTH STREET 1 260 SOUTH STREET NY, NY 260 SOUTH STREET NY, NY - PowerPoint PPT Presentation

260 SOUTH STREET 1 260 SOUTH STREET NY, NY 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P. TWO BRIDGES ASSOCIATES, L.P.

OWNERSHIP INTRODUCTION TWO BRIDGES ASSOCIATES, L.P. • JOINT VENTURE: CIM GROUP & L+M DEVELOPMENT • NOVEMBER 2013: ACQUIRED 265 AND 275 CHERRY STREET IMMEDIATELY ENGAGING WITH RESIDENTS TO ADDRESS ONGOING CONCERNS • MAY 2014: ACQUIRED THE PARKING LOT AND ASSOCIATED DEVELOPMENT RIGHTS • JUNE 2014: WORKED WITH CITY TO PRESERVE AFFORDABILITY AT 265 AND 275 CHERRY STREET FOR 40 YEARS • FEBRUARY 2015: C&C MANAGEMENT BEGAN MANAGEMENT OF 265 AND 275 CHERRY STREET 2 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

PROJECT GOALS: ENTIRE BLOCK • PRESERVE LONG-TERM AFFORDABILITY AT LANDS END II COMPLEX AND BUILD NEW MIXED-INCOME HOUSING • PROTECT EXISTING BUILDINGS ON SITE FROM FLOODING BY IMPLEMENTING RESILIENCY STRATEGY • INCREASE GREEN AREAS AND REDUCE IMPERMEABLE PAVING • PROVIDE PASSIVE AND ACTIVE RECREATIONAL SPACES BUILDING LINE FDR SOFT EDGE • IMPROVE AND EXPAND RETAIL PRESENCE ALONG CHERRY STREET +13.00’ • PROVIDE SECURE COVERED PARKING SOUTH ST. • UPGRADE COMMUNITY ROOM • MAINTAIN SIGHT LINES FROM CHERRY STREET AND COURTYARD TO WATER • MITIGATE DISRUPTION DURING CONSTRUCTION THROUGH COMMUNICATION WITH RESIDENTS • SET BEST EFFORTS LOCAL HIRING GOAL DURING CONSTRUCTION PEDESTRIAN JEFFERSON STREET ACCESS RUTGERS SLIP 3 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

EXISTING SITE CONDITIONS AND USES CHERRY STREET COMMUNITY RETAIL (1760 SF) ROOM FENCED-IN PLAY AREA PLAY AREA (SCHOOL AGE) (PRE-SCHOOL) FENCED-IN SERVICE ALLEY GAME TABLES BASE FLOOD ELEVATION = 11’-0” RUTGERS SLIP RUTGERS PARK COURTYARD SITTING AREA JEFFERSON STREET BASE FLOOD ELEVATION = 12’-0” BASE FLOOD ELEVATION = HIGHEST EXPECTED ELEVATION OF WATER DURING THE 1% ANNUAL CHANCE FLOOD (100-YEAR FLOOD) TOTAL SITE EXISTING FENCED-IN GREEN/PERMEABLE AREA BASKETBALL COURT • 19% GREEN/EARTH LEGEND PARKING LOT PROPERTY ASPHALT/PAVED GREEN SOUTH STREET 4 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

EXISTING OUTDOOR SPACES VIEW 1 VIEW 2 VIEW 3 CHERRY STREET 5 4 2 1 RUTGERS SLIP RUTGERS PARK COURTYARD JEFFERSON STREET 3 VIEW 4 VIEW 5 SOUTH STREET KEY PLAN 5 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

EXISTING RETAIL VIEW 1 VIEW 2 VIEW 3 CHERRY STREET 5 4 1 EXISTING DELI RUTGERS PARK 2 3 KEY PLAN VIEW 4 VIEW 5 6 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

EXISTING PARKING VIEW 1 VIEW 2 VIEW 3 COURTYARD JEFFERSON STREET 2 1 5 EXISTING PARKING LOT 3 SOUTH STREET 4 KEY PLAN VIEW 4 VIEW 5 7 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

EXISTING COMMUNITY ROOM VIEW 1 VIEW 2 VIEW 3 1 EXISTING COMMUNITY ROOM 3 2 KITCHEN STORAGE WC 4 5 WC VIEW 4 VIEW 5 KEY PLAN 8 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

FLOOR AREA SUMMARY: LSRD BOUNDARY ZONING LOT ESTABLISHED BY: LSRD SITE 5 CP-21885 MAY 17, 1972 NYC BLOCK #247 2 4A 26 26 3 3 6B 10 7 19 5 27 4B 21 6A 17 1 # = LSRD SITE NUMBER ZONING FLOOR AREA AVAILABLE 1 LSRD SITE 5: ZONING LOT AREA = 145,031 SF @ 12 FAR = 1,740,372 ZFA PERMITTED SUBTRACT FLOOR AREA USED = 615,071 ZFA (265-275 Cherry St.) 1,125,301 ZFA AVAILABLE FOOTNOTE: 1. AS PERMITTED BY EXISTING C6-4 ZONING WITH INCLUSIONARY HOUSING BONUS 9 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

PROPOSED DESIGN +798’ +728’ 69 floors 62 floors 75 FEET BETWEEN VOLUMES AT UPPER PORTION 60 FOOT MINIMUM DISTANCE BETWEEN VOLUMES RETAINS VIEWS AND ALLOWS FOR LIGHT PENETRATION INTO COURTYARD GLASS AT GROUND FLOOR MAINTAINS VISUAL CONNECTION TO RIVER FROM COURTYARD COURTYARD VIEW LOOKING SOUTH 10 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

PROJECT MASSING REJECTED MASSING PROPOSED MASSING REDISTRIBUTE AREA BETWEEN TWO VOLUMES TO AVOID SINGLE SOLID BUILDING +/- 50 FLOORS +/- 600’ REMOVE MASS TO PROVIDE LIGHT PENETRATION TO COURTYARD PROVIDE VIEW CORRIDOR TO EAST VIEW FROM SOUTHWEST VIEW FROM NORTHEAST RIVER THROUGH GLASS LOBBY 11 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

PROPOSED SITE LANDSCAPING AND PROGRAMMING TOTAL SITE PROPOSED GREEN/PERMEABLE AREA • 33% GREEN/EARTH ROOF LINE, TYP. LANDSCAPED AREA WITH SEATING KIDS PLAY AREA GARDEN* SENIOR SITTING AND RECREATIONAL AREA* SENIOR SITTING AREA SLOPED MULTIPURPOSE EXPANDED, LAWN* LANDSCAPED PUBLIC WALKWAY KIDS PLAY AREA IMPROVEMENTS TO JEFFERSON STREET LANDSCAPED AREA AT SOUTH STREET *BASED ON AMENITIES REQUESTED IN RESIDENT SURVEY 12 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

PROPOSED SITE RESILIENCY DESIGN ELEMENTS FLOOD WALLS BERMS GRADE CHANGE BERMS FLOOD WALLS DEPLOYABLE FLOOD GATES AND BARRIERS 13 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

PROPOSED RUTGERS PARK LANDSCAPE AND PROGRAMMING GARDEN CHERRY STREET DOROTHY STRELSIN GARDEN DOROTHY STRELSIN GARDEN SEATING AND RECREATIONAL AREA FOR SENIORS RUTGERS SLIP CHESS TABLES : WASHINGTON SQUARE SEATING : COLUMBUS PARK PLAY AREA FOR SCHOOL AGE KIDS PLAYGROUND : WEST THAMES PARK PLAYGROUND : NEWPORT GREEN 14 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

PROPOSED RUTGERS PARK RENDERING VIEW FROM CHERRY STREET 15 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

PROPOSED COURTYARD LANDSCAPE AND PROGRAMMING PLAY AREA FOR TODDLERS CHERRY STREET CHILDRENS PLAY EQUIPMENT ROLLING PLAY LAWN: WASHINGTON SQUARE PARK SEATING AND RECREATIONAL AREA FOR SENIORS CHESS TABLES : WASHINGTON SQUARE TAI CHI : LOWER EAST SIDE MULTIPURPOSE LAWN FAMILY SPORTS: SOUTH END AVE EVENTS FOR CHILDREN 16 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

INITIAL OPEN SPACE WORKSHOP 17 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

PROPOSED CHERRY STREET RETAIL AND PARKING NEW EAST RETAIL, EXPANDED WEST RETAIL, 3370 SQ.FT. 3830 SQ.FT. LANDSCAPED ENTRYWAY PROPOSED LOCATION OF NEW COMMUNITY ROOM RESIDENT ELEVATOR TO NEW PARKING GARAGE GARAGE ENTRY AND EXIT RAMP VEHICULAR EXIT VEHICULAR ENTRY TO SOUTH STREET FROM SOUTH STREET 18 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

PROPOSED COMMUNITY ROOM RUTGERS SLIP MEN’S WC KITCHEN WOMEN’S WC COMMUNITY ROOM STORAGE COMMUNITY ROOM SAMPLE LAYOUT COMMUNITY ROOM DESIGN EXAMPLES 19 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

PROPOSED CHERRY STREET RETAIL RENDERING VIEW FROM CHERRY STREET 20 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

AFFORDABILITY SUMMARY • 490 EXISTING APARTMENTS AT 265 AND 275 CHERRY STREET TO REMAIN AFFORDABLE FOR 40 YEARS PER THE 2014 REGULATORY AGREEMENT • UP TO 1,350 NEW APARTMENTS TO BE BUILT 1 • COMMITMENT THAT 25% OR UP TO 338 OF THE NEW MARKET RATE MARKET RATE APARTMENTS WILL BE AFFORDABLE 2 AFFORDABLE AFFORDABLE • UPON COMPLETION OF CONSTRUCTION, APPROXIMATELY 25% 45% 45% OF THE APARTMENTS ON THE BLOCK WILL BE AFFORDABLE FOOTNOTES: NEW DEVELOPMENT ENTIRE BLOCK 1. TOTAL NUMBER OF APARTMENTS MAY VARY AS DESIGN DEVELOPS 2. PERCENTAGE OF AFFORDABLE UNITS ASSUMES 421A PROGRAM OR EQUIVALENT 21 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

EFFORTS DURING CONSTRUCTION • REGULAR UPDATES TO RESIDENTS AND COMMUNITY ABOUT CONSTRUCTION STATUS AND PROGRESS • BEST EFFORTS LOCAL HIRING GOAL • ASSISTANCE WITH CREDIT COUNSELING AND AFFORDABLE HOUSING LOTTERY APPLICATIONS 22 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P.

THANK YOU 23 260 SOUTH STREET NY, NY 260 SOUTH STREET NY, NY CB3 LAND USE COMMITTEE MEETING 2.15.17 TWO BRIDGES ASSOCIATES, L.P. TWO BRIDGES ASSOCIATES, L.P.