Case Study: Legends Park West Memphis, TN. William Carson, President Sunwheel Energy + Sustainability

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1 Case Study: Legends Park West Memphis, TN William Carson, President Sunwheel Energy + Sustainability

2 Former Dixie Homes Memphis, TN

3 Dixie Homes / Quimby Bayou 2007

4 Site Preparation 2008

5 Legends Park East / Quimby Plaza 2010

6 Legends Park West / FedEx House 2010

7 Legends Park HOPE VI Development Partners Developer: Sponsor: Equity: Financing: Architect: Site/Civil Engineer: Contractor: Community & Supportive Services: Property Management: McCormack Baron Salazar and Community Capital U.S. Department of Housing and Urban Development SunAmerica Affordable Housing Partners U.S. Bancorp Community Development Corporation U.S. Department of Housing and Urban Development Tennessee Housing Development Agency City of Memphis Division of Housing and Community Development Memphis Housing Authority The Health, Education and Housing Facilities Board Enterprise Bank & Trust Hope Community Credit Union Center City Commission Architecture, Incorporated Tetra Tech Caroma Construction Co. Urban Strategies, Inc. McCormack Baron Ragan Management Services, Inc.

8 Sitewide Operating Costs Utilities are #3 Expense Utilities + Maintenance combined are #1 Taxes + Insurance 12% Management Fees 9% Repl. Reserve 6% Payroll 21% Advertising + Admin 11% Utilities 20% Redecorating, Maintenance + Grounds 21%

9 Legends Park Apartments - Today

10 Legends Park - $100+ Million Redevelopment 81 Unit Senior Apartment Bldg. 100 Mixed-Income Townhouses & Garden Apts. GREEN FedEx House 134 Mixed-Income Townhouses & Garden Apts. STANDARD 100 Townhouses + Garden Apts STANDARD 14,000 sq. ft. Medical Center

11 Location & Neighborhood Fabric

12 Diversity/Continuum of Housing Types

13 Attractive Green Spaces

14 1: Explored Cost / Benefit of Green Rating Systems

15

16 2: Experimented with Green Products - Energy Appliances Clothes Washers Energy Star Dishwashers Energy Star Refrigerators Energy Star Electrical Advanced Metering N/A Ceiling Fans Energy Star Emergency Lighting Fixtures Energy Star Interior Lighting Fixtures Energy Star Photocells N/A Envelope Doors (Exterior) Energy Star Energy Star Flat Roof Coverings Energy Star / Cool Roof Rating Council Roof Shingles Energy Star / Cool Roof Rating Council Windows Energy Star HVAC Central Furnace / AC Combo Units Energy Star Exhaust Fans (Bathroom) Energy Star Exhaust Fans (Kitchen) N/A Geothermal /Air Source Heat Pump Energy Star Thermostats Energy Star

17 2: Experimented with Green Products Water & Materials Paint and Floor Coverings Alternative Natural Floor Carpet (sheet and tile) Carpet Pad Linoleum Sheet or Tile Paint Primer Wood Floor Plumbing Fixtures Kitchen Faucets Lavatory Faucets Low-Flow toilets Showers Water Heaters Zero Flush Urinals Exterior Recycling Containers Sprinkler Sprinkler Controls FSC Certified Green Label+ Green Label+ FloorScore Green Seal Green Seal FSC Certified EPA Water Sense EPA Water Sense EPA Water Sense EPA Water Sense Energy Star EPA Water Sense N/A EPA Water Sense EPA Water Sense

18 Energy Star Certification

19 Water Conservation - Interior

20 Water Conservation - Exterior

21 Healthy Living Environment

22 3: Explored TN Energy & Water Incentive Programs

23 Solar Energy Installation TVA Green Power Providers Program

24 4: Used Life-Cycle Analyses to Set Priorities 1 st Material Cost Repl. Labor Cost 1 st Labor Cost Repl. Material Cost Maint. Cost

25 Life-Cycle Analysis: Flooring Choices Initial Cost $/sq.ft 20-year cost $/sq ft Bamboo $9.00 $17.04 Carpet Sheet (including pad) $2.75 $23.17 Carpet Square $6.00 $50.33 Ceramic/Porcelain Tile $6.50 $12.32 Linoleum Sheet $4.25 $10.57 Linoleum Tile $6.50 $16.13 Vinyl Plank $3.75 $9.35 Wood (Engineered laminate) $6.00 $10.48 Wood (Solid, prefinished) $8.00 $15.16

26 5: Committed to Long-Term Staff & Resident Engagement

27 Result: Legends Park West (Green) vs. East (Std.) Water: 20-30% Sewer: 35-45% Common Energy: 25-30% Resident Energy: 35-45% Waste & Recycling: 10-15%

28 Questions or Further Information? William M. Carson President Sunwheel Energy + Sustainability A McCormack Baron Salazar Company St. Louis, MO William.Carson@mccormackbaron.com