Multifamily Mixed Use Project Scannell Properties: Who We Are - PowerPoint PPT Presentation

441-453 Snelling Avenue Redevelopment Multifamily Mixed Use Project

Scannell Properties: Who We Are Scannell Properties is a national developer and investor of industrial, office, and multifamily real estate. Founded in 1990, Scannell Properties is a privately held company with its headquarters located in Indianapolis, Indiana. The company has regional offices in Alexandria, Dallas, Denver, Kansas City, Twin Cities, San Francisco. With over 270 development projects completed, Scannell has spanned 45 states, Canada, and Europe as a developer, owner, and investor. Scannell’s largest regional office, in the Twin Cities, has invested approximately $150 million in the 7-county metro since 2015, with another $100 million projected to be invested in the cities in 2019. With its land investment, this office controls and owns over 500 acres for future development in the Twin Cities. We have ten local Scannell team members within this office, ranging from construction, engineering, financial, and property management experts.

Scannell Properties Multifamily & Mixed-Use • Traditionally an industrial and office developer and investor • Launched its multifamily and mixed use projects platform in 2015. • Has either completed or has currently under construction nine projects consisting of nearly 1,200 units. • Scannell maintains its focus on Memphis, TN – Completed 2017 capital and development Tuscaloosa, AL – Completed 2017 • Hires third party local expertise for: • property management, • architecture and design, • engineering, • environmental, • and construction services.

Brownsburg, Indiana : • 172 market rate units, • 15,000 square feet of commercial space, • 260 stall parking garage and surface parking lot, • and a pocket park that is privately maintained and open to public use. This project was the initial mixed use project for the Town of Brownsburg that master- planned a vision of recreating its downtown to attract new and retain existing residents and businesses. In all, the Town attracted $90 million of investment in urban development consisting of four projects that included office, retail and restaurant, parking, and multifamily. Scannell invested in a local restaurant to lease 4,900 square feet of space in its project, which will be the second location for this locally owned user. Completed Scannell Status: Investment: $32 million Speedway, Indiana: • 90 market rate units, • 8,300 square feet of commercial space, • 214 total parking stalls Next door to the Indianapolis Motor Speedway, best knows as host of the Indy 500 and Brickyard 400, Scannell is operating as master developer of a mixed use project that consists of multifamily, parking, commercial space, and a hotel. While Scannell is not the developer or owner of the hotel project, it assisted the Town in overseeing the due diligence and use of the site. Scannell’s project is comprised of 90 market rate units, surface parking, and 8,300 square feet of commercial space. Scannell is currently in discussion with a local restaurant user to lease 5,300 square feet of space, which would be the third location for this locally owned user (different user than Brownsburg). Scannell Status: Opening March 1, 2019 $16 million Investment:

FIRM OVERVIEW 51 YEARS 31 1968 8 LIVE/WORK PLAY Multifamily Resorts/Hospitality Residential Retail Senior Living Restaurants Mixed-Use Gaming Workplace Themed Healthy Entertainment Communities GROW HEAL K-12 Education Acute Care Higher Education Ambulatory Care Worship/Non-Profit Children’s/Peds Civic/Cultural Women’s Health Cancer Centers Medical Offices

The 700 on Washington The Landing Minneapolis, Minnesota Wayzata, Minnesota 98 Units / 11,600 Square Feet Retail / 48 Parking Stalls 31 Condo Units / 92 Key Hotel / 23,500 Square Feet Retail/Restaurant The 700 on Washington complex holds both residential and mixed- The Hotel Landing is a key component of the Promenade Redevelopment use space, including the popular Sally’s Saloon and Eatery. It offers in downtown Wayzata. Sitting on the East block of the site, this final 98 units of market-rate student housing. Playing off the ground- phase of the development includes a full service hotel, restaurant, luxury floor retail, amenities inside draw from a nightlife vibe with street- condominiums, spa/health club facilities, and retail space. level, hospitality-modeled entrance and lobby, break-out study The building consists of 29 individually owned condominiums on levels 2- areas, gathering space, and a management services office. A 4 of the south wing, while the west wing of the building is occupied by a fitness center is in the lower level. Perhaps most attractive is the 92-room luxury boutique hotel. A premier restaurant anchors the corner 5th floor club room, which offers matchless views to nearby TCF and is flanked by the hotel lobby and 18,500 square feet of retail space. Stadium and the surrounding urban university setting.

The Brickhouse Apartments at Lamar The Edge LoHi Station Denver, Colorado 48 Units / 83,000 Square Feet Lakewood, Colorado The elegant mixed-use building consists of 48 condominium units 296 Units / 287,000 Square Feet with ground floor retail and underground parking. The units are This development will provide easy access to downtown Denver designed to highlight views of downtown within a modern brick and the rest of the metropolitan area via the Union Station transit framework. The top floor terraces will provide ideal gathering hub. The five-story, 296-unit development features a transparent spaces for residents who want to take full advantage of the mile- ground level with shared spaces, including a fitness center, club high lifestyle. room, business center, and a courtyard featuring a pool. The Upscale project finishes invite future owners to experience luxury thoughtful selection of exterior materials and detailing create a living with low-maintenance within an urban streetscape. vibrant design that sets the standard for future development in Lakewood.

Vinz Fairfax SWAY Los Angeles, California Santa Monica, California 144 Units / 156,330 Square Feet 122 Units / 102,000 Square Feet Residential / 8,500 Square Feet Commercial Located in Santa Monica’s downtown business district, this mixed -use The modern five-story development features 144 rental apartments project not only adds to the city’s urban fabric by pairing commercial and above 4,280 square feet of neighborhood serving commercial space. Deep residential balconies, dynamically flared forms, canted residential uses, but also adds activity at the street level to foster a more volumes, and the signature shimmering silver screens along Fairfax walkable community. Ave, articulate the mass of the building while also providing filtered Cuningham Group designed this project around two exterior courtyards, protection from sun and privacy for individual outdoor gathering which feature lush landscaping, fountains and spaces for social spaces. Lower portions of the building reinforce the residential interaction. One courtyard functions as an activity hub with a pool, bar, rhythms of the neighborhood with row house-style units, patio games and lounge seating. The second courtyard is geared toward stoops and manicured landscapes. relaxation with a hot tub and fire pit.

The Project: 441/453 Snelling Avenue Redevelopment Allianz Field Development - Masterplan Site – Beyond Rendered Tower

The Project: 441/453 Snelling Avenue Redevelopment Existing Vacant Buildings Proposed Mixed Use Project Project Highlights • 120 Class A apartment units • 72 resident parking stalls, 15 public parking stalls • All parking covered • Full storefront along Snelling at street level, wraps around to Shields Ave • Approximately 5,700 square feet of commercial space • Unit mix consists of small studios, standard studios, 1, 2, and 3 bedroom units

The Project: 441/453 Snelling Avenue Redevelopment While Scannell is investing in a private development, its strategy is to design Goals: • efficiently and thoughtfully, which includes incorporating public uses and features Enhance and complement existing neighborhood • within its projects. While each project is unique and incorporating public features is Complement Midway redevelopment • dependent on location, size of project and site, and existing neighborhood features, Incorporate Public Features • some public improvements and features. Widening sidewalks Scannell’s Mixed-Use Experience has included: • Enhance streetscape • Public bicycle parking • • Fenced in dog run/park Landscaping • • Streetscape enhancement including seating and landscape Outdoor patio seating for commercial tenants • • Park space finished out with shade structures, seating, electrical, and lighting Elimination of street parking along Snelling • features for public use Include 15 Public parking stalls in project • • Bicycle parking Promote Public Transportation • • Rough ins for future electrical vehicle charging stations Low parking ratio • • Public parking within parking structures Access to light rail, multiple bus routes • Post daily bus & light rail schedule • Include wayfinding signage • Leasing incentives focused around TOD benefits • Potential for bicycle rental program for residents Examples of active streetscapes

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