DTN Management Co. Park District Concept June 25 th, DTN Management Co. doing what we do best.

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1 Park District Concept June 25 th,

2 Development Team DTN Principles / Owners Nick Uppal (President) 42 Yrs Tom Kuschinski (President) 42 yrs Colin Cronin (Vice President) 12 yrs Raji Uppal (Vice President) 13 yrs Engineering, Design, Architects Bergmann Associates 33 yr old national company / 330 employees Offices in 10 cities across the U.S. Humphreys & Partners 20 yr old international company / 125 employees Offices in 7 U.S. cities and 3 foreign countries Community Visioning & Charrettes LSL Planning, Inc 17 yr old company national company Specializes in urban planning, community visioning, master plans, community input, charrettes, etc. 2

3 Background Founded over 42 years ago by brothers-in-law Tom Kuschinski and Nick Uppal DTN owns over 4500 apartment with another 2000 under management (40% conventional / 60% student) Over 150 full time staff, and part time Four Business Groups Property Management Development & Construction Commercial Property Management Spartan Net (Internet & Video) 3

4 Development & Construction Recent / Current DTN Development Projects Aspen Lakes, Holt $76 million Mixed-use project $50 million completed to date $10.7 million Aspen Ridge phase Hamptons & Waterbury Place, Okemos $13.25 million Mixed-use project The Quarry, Dewitt $24 million project The Vista at Eastwood, Lansing Township $16 million Mixed-use project The Vista at Eastwood, Lansing Township 4

5 Commercial Over 600,000 sqft of commercial, retail, and professional office space under management. In house sales, support and maintenance staff dedicated to the commercial properties Utilizes DTN Construction for commercial build-outs and major projects Spartan Net Waterbury Office Space, Okemos (DTN) DTN owned and operated internet and video service provider Gigabit Ethernet & premium video services Over 150 fiber miles of Metro Ethernet Fiber around greater Lansing Have been operating a Gigabit service for nearly a decade Working with LEAP and Prima Civitas to promote Gigabit services around Greater Lansing and to attract business and new tech companies to the region. 5

6 Original RFQP - Concept Overview Includes both Public & Private parcels for a comprehensive Park District development. Conceptual site plan & financial model: Residential: approx 450 units Commercial: approx 50,000 ft 2 Parking: approx 800 spaces Skywalk Farmers / Artists Market 6

7 Original RFQP - Concept Overview 7

8 LSL Planning Brad Strader, Sherrin Hood, Kathleen Duffy Community Planning Specialists Michigan Public Involvement Urban Design Transportation Zoning/Form-Based Codes Select major developer projects Others as needed (architects, urban designers, parking experts) Nationwide CATA Grand River Corridor Design Lansing & Form-Based Code

9 Public Involvement + Charrette Experience Public involvement on over 100 projects Ann Arbor transportation plan Birmingham mixed-use districts, Woodward Corridor East Grand Rapids downtown Grand Rapids Michigan Street Corridor Plan Midland downtown mixed-use district Pavilions of Troy redevelopment plan Farmington Downtown farmers market

10 Charrette Process Step 1: Preparation/Analysis Step 2: Set Goals Step 3: Developer s Pro-Forma Step 4: Charrette Public visioning session Interviews with residents and stakeholders Concept alternatives Pin up discussion Step 5: Refinement and Present Concept Plan Potential Goals: Based on market reality, flexible, adaptable in the future Catalyst for downtown revitalization Create amenities: recreational, public gathering, entertainment, shopping Non-motorized connections/improve park access Transition to existing residential neighborhoods Improve front door image on Grand River Ave. Simplify circulation Ample Parking Seek synergies with other redevelopment efforts, employment opportunities, University Urban Grocery Farmer s Market Pavilion

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14 Neighbors to the north Landscape /Uses/Activity along Diamond Integration of Uses Retail with Residential above Roof Gardens and Terraces Break down massing / scale Create comfortable spaces to live Pedestrian Friendly On-street parking Green Edges Along Michigan and Diamond Public Transit

15 Financial Financial Partners Wells Fargo Arbor Commercial Mortgage Key Bank PNC Bank 5 th / 3 rd Bank Submitted Letters of Intent for financial services in our Park District Proposal Successful Park District development is contingent on an economically viable development agreement, to secure private financing, TIF revenue, other incentives 15

16 Public Financial Incentives Use and Timing of Incentives Incentives would be sought for immediate use Demolition / Site Work / Utilities / Relocating public roads and sidewalks Remediation of environmental contamination Construction and operation of parking structure Reasons for Requesting Incentives Improvements benefit both this project and future projects around the Park District Public infrastructure improvements Preexisting public and private land environmental contamination Westland, MI, Central City Site (LSL Planning) 16

17 Public Financial Incentives Duration of Incentives Contemplating both TIF and other incentives from the State of Michigan State incentives would be available upon project completion TIF revenue would be necessary for as long as it takes to pay back the money to fund the improvements The amount of the incentives would be consistent with the MEDC objectives of assisting urban infill redevelopment Lehigh Valley Mall (Bergmann) 17

18 Question 6 Proposal Overview, Community Input, New Businesses, Expand Green Space DTN brings the private & public parcels to the development table for a comprehensive Park District project Bergmann & Humphreys are two of the best national architectural, engineering and design firms LSL Planning is a leader in urban planning, visioning, and working with communities through charrettes Ability to finance large projects with national financial partners in Wells Fargo, Key Bank, and Arbor Financial DTN has 42 yrs of superior local commercial and residential operational experience 18

19 East Lansing Park District 19