3/26/2018 A Redevelopment Submittal for the Eastland Mall Property Jim Gross Company March 26, 2018 Jim Gross Company Tea eam In Introduction Why Ea Eastland? Vis ision Wha hat Do Does Suc Success Look Lik ike? Q& Q&A 1
3/26/2018 T e a m I n t r o d u c t i o n Jim Gross Company Cr Crosla land So South theast: • Charlotte is home – 91 years • Legacy of integrity, quality, performance & “ placemaking ” • Strong history of leading challenging mixed/multi use developments • Direct experience successfully redeveloping mall sites Jim Jim Gr Gros oss Co Company: • Charlotte is home • Reputation for creativity and quality • Deep resume of “custom - designed,” innovative projects Baile Bailey Patri atrick/MPV V Prop operti ties: • Charlotte is home • 35-year history of working with landowners & developers BIRKDALE VILLAGE HUNTERSVILLE, NC 2
3/26/2018 BIRKDALE VILLAGE HUNTERSVILLE, NC BLAKENEY CHARLOTTE, NC 3
3/26/2018 BLAKENEY CHARLOTTE, NC STONECREST CHARLOTTE, NC 4
3/26/2018 STONECREST CHARLOTTE, NC Jim Gross Company – Ivey’s The first downtown mixed-use development (residential, office, retail and parking). 5
3/26/2018 Jim Gross Company – Factory South & The Arlington Factory South was the first “loft - conversion” in Charlotte. It was a complete renovation of the 300,000 SF old "Lance Cracker Factory" dating back to the late 1800’s. The lofts sold for about $100,000 per unit. Today, they sell for over $250,000 and up. The Arlington was first high-rise residential and true mixed-use development (residential, office, retail and parking) in South End Charlotte. Jim Gross Company – Opus Myers Park Now under construction at the intersection of Providence and Queens Roads. It is the first “full - floor” condominium development in Charlotte. The main feature of the development is the creation of an “urban walkway” through the center of the development connecting Providence to Queens. 6
3/26/2018 Jim Gross Company W H Y E AST L A N D ? Jim Gross W h y E a s t l a n d ? Company Opp Opportunit ity to o be be Tran ansf sformative Str Strategic Loca ocati tion His Historic ical Dest Destinati tion Pot otenti tial l for or Bes Best t New ew Ur Urba ban Cen Center er in in Char Charlo lotte It’s Important to Us 7
3/26/2018 Jim Gross W h y E a s t l a n d ? Company Jim Gross Company V I S I O N 8
3/26/2018 V i s i o n Jim Gross Company A clean slate - a large land area with literally “nothing” on n it. Opportunity to create a new “tailored" urban environment. en Focu ocus on n full ull ran ange of mi mill llennial l hou ousin ing opportunities. Ped edest strian orie iented. Create a “mixing - bowl” of uses – a a wid ide vari ariety ty of resi sidential l types, an and an an organic mi mix x of reta tail, l, resta staurant, office, hot otel an and med medic ical. The he develo lopment will ill be e the he cat atalyst st for or igniti ting cha hange ar arou ound its ts proximity. Jim Gross V i s i o n Company 9
3/26/2018 Jim Gross V i s i o n Company Jim Gross V i s i o n Company 10
3/26/2018 Jim Gross V i s i o n Company Jim Gross V i s i o n Company 11
3/26/2018 Jim Gross V i s i o n Company Jim Gross V i s i o n Company 12
3/26/2018 Jim Gross V i s i o n Company Jim Gross Company W H AT D O E S S U CC E S S L O O K L I K E ? 13
3/26/2018 Jim Gross Company Bia ias to to Acti ction ~ Must ust dem emon onst strate prog ogress ss an and soo oon Transf sformati tive for or Ent ntire Area ~ Halo alo Effect t New New Mod odel l of Ur Urban Development t whi hich refle eflects authe authenti tic diversity, mix mixed inco comes an and ac acti tivated public spaces Appreci ciating Pr Prop operty ty Valu alues The he ad addit ition of an an organic mi mix x of Com ommercial, l, Ret etail, l, Rest estaur urant t & & Entertainment t Amenities for or the Trade Area Rewr ewritten Market Per erce ceptio ion of Eastl stland ONE BELLEVUE PLACE NASHVILLE, TN SETTING Nearly 1 million sf enclosed mall on 87 acres, thriving and successful in early years. Slow steady march to decay and desolation. Blight, economic drag, constant reminder of failure, disinvestment. At least 3 failed redevelopment attempts. Doubt, deflated spirits and lack of confidence abounded. STATUS Execution phase is nearly complete REDEVELOPMENT STORY Restored community confidence and pride is Public-Private Partnership evident Home prices soaring Over 500 neighbors attended initial public meeting Multi-year effort to envision and entitle Catalytic impact on new investment in trade area Over 5,000 people attended the demolition Rewritten community narrative and image is palpable commencement event Nearly 14,000 local followers on our social media References from City officials available awareness campaign 14
3/26/2018 Jim Gross Company The quality of our neighborhoods defines our city and reflects our city’s values. The rede development of the he Eastla land d Mall ll property provide des argu guably the he best st opportunity in Cha harlo lotte to demonstrate tho hose valu lues, and d we cannot overstate the he potential l new investment tha hat wi will ll be made de in thi his broader part of east st Cha harlo lotte if the he new ur urban center is s develo loped d well ll. Jim Gross Company Q U E ST I O N S A N D A N S WE RS 15
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