Alachua County / Greater...

Alachua County / Greater Gainesville Residential Development Overview Date: 10/14/15 Presented by: Rory P. Causseaux, PE

engineering surveying planning construction professional consultants

CONSTRUCTION MARKET TRENDING

ALACHUA COUNTY (including small municipalities) CONSTRUCTION TRENDING 1990-2015

0

50,000,000

100,000,000

150,000,000

200,000,000

250,000,000

300,000,000

Total Development ($)

Residential Development ($)

2015 YTD Sept


CONSTRUCTION MARKET TRENDING

ALACHUA COUNTY BUILDING PERMITS 2010-2015 Year Total Valuation Residential Valuation Only

2010 74,380,349 39,816,903

2011 103,869,435 37,536,651

2012 97,043,336 41,034,287

2013 114,606,686 59,263,440

2014 98,303,727 56,024,847

2015 (YTD-Sept) 95,065,629 53,508,319

CITY OF GAINESVILLE BUILDING PERMITS 2010-2015 Year Total Valuation Residential Valuation Only

2010 $239,854,837 $11,474,300

2011 $132,111,041 $13,205,738

2012 $226,770,262 $15,803,441

2013 $263,621,400 $27,766,326

2014 $222,374,969 $15,697,930

2015 $170,240,469 $28,385,537

UNIVERSITY OF FLORIDA BUILDING PERMITS 2013-2015 Year Total Valuation

2013 $194,457,467

2014 $154,320,014

2015 (YTD-Sept) $87,410,149

0

50,000,000

100,000,000

150,000,000

200,000,000

250,000,000

300,000,000

350,000,000

2013 2014 2015

Alachua County

City of Gainesville

University of Florida

Where is Development Occurring? 2015 New Developments


RESIDENTIAL DEVELOPMENT Name Developer Builder # of Lots Lot_Sizes Sq_Ft. Pricerange

The Estates at Wilds Plantation

The Estates at Wilds Plantation , LLC. (Trematerra Homes)

Bullard, Warring, Waters, Wild 99 0.5 acres 2600 (min) - 6000 $500K - $1M

Arbor Greens PH. 2 Robinshore Robinshore Build Out

275 0.15 acres 1900-3600 $250K – $550K

Red Oak Estates PH. 2 Bob Wallace Open Builders

(project in design) 15 5.01 acres TBD $130k – 160K

per lot

Oakmont Oakmont, CC ICI Homes; Wilde; Waters; Bullard, Rutenberg, Williams

999 Build Out

0.15- 1.0 acres 1500-8000+ $250K - $2M

Heritage Oaks PH. 2 Duration Builders Duration Builders 44 0.25 acres 1500-2800 $210K - $340K

Weschester PH. 4 Turnstone Group LLC Magnolia Homes 139 0.18 acres 1700 - 3000 $215K – $325K

Plum Creek 121 Plum Creek TBD TBD TBD TBD TBD

Lugano Emmer Development Corp Emmer Development Corp 400 single-family

200 multi-family 0.15-0.22

acres 1500-2500 $225K - $350K

Finley Woods Finley Woods, LLC Tommy Williams, Norfleet 55 phase 1 40 phase 2

471 Build Out

0.15-0.20 acres 1717-2060 $200K-$450

Oak Ridge at High Springs

PH. 2

Innovation Home Builders of North Florida, Inc.

Innovative Home Builders of North Florida, Inc 124 0.15-0.21

acres 1500 $160K -$250K

Gloria's Way Fletcher Development Eric Gonzales 42 0.25 acres 2000-3000 TBD


RESIDENTIAL DEVELOPMENT The Estates at Wilds Plantation • The Estates at Wilds Plantation , LLC.

(Trematerra Homes)

• Bullard, Warring, Waters, Wild • 99 Lots • 0.5 acres • 2600 (min) – 6000 sq ft • $500K - $1M • Alachua County Jurisdiction


RESIDENTIAL DEVELOPMENT Arbor Greens - Phase 2 • Robinshore • Robinshore • 275 Lots (Build-Out) • 0.15 acres • 1900-3600 sq ft • $250K – $550K • Alachua County Jurisdiction


RESIDENTIAL DEVELOPMENT Red Oak Estates – Phase 2 • Bob Wallace • Open Builders (project in design) • 15 Lots • 5.01 acres • TBD • $130k – 160K per lot • City of Alachua Jurisdiction


RESIDENTIAL DEVELOPMENT Oakmont

• Oakmont, CC • ICI Homes; Wilde; Waters; Bullard, Rutenberg, Williams • 999 Build Out • 0.15- 1.0 acres • 1500-8000+ sq ft • $250K - $2M • Alachua County Jurisdiction


RESIDENTIAL DEVELOPMENT Oakmont Amenity Center


RESIDENTIAL DEVELOPMENT Heritage Oaks - Phase 2

• Duration Builders • Duration Builders • 44 Lots • 0.25 acres • 1500-2800 sq ft • $210K - $340K • City of Alachua Jurisdiction


RESIDENTIAL DEVELOPMENT Weschester - Phase 4

• Turnstone Group LLC • Magnolia Homes • 139 Lots • 0.18 acres • 1700 – 3000 sq ft • $215K – $325K • City of Gainesville


RESIDENTIAL DEVELOPMENT Lugano

• Emmer Development Corp • Emmer Development Corp • 400 single-family / 200 multi-family • 0.15-0.22 acres • 1500-2500 sq ft • $225K - $350K

• Alachua County Jurisdiction


RESIDENTIAL DEVELOPMENT Finley Woods

• Finley Woods, LLC • Tommy Williams, Norfleet • Lots:

• 55 phase 1 • 40 phase 2 • 471 Build Out

• 0.15-0.20 acres • 1717-2060 sq ft • $200,000-450,000 • Alachua County Jurisdiction


RESIDENTIAL DEVELOPMENT Oak Ridge at High Springs – Phase 2

• Innovation Home Builders of North Florida, Inc. • Innovative Home Builders of North Florida, Inc. • 124 Lots • 0.15-0.21 acres • 1500 sq ft • $160K -$250K • City of High Springs Jurisdiction


RESIDENTIAL DEVELOPMENT

Gloria's Way • Fletcher Development • Eric Gonzales • Lots 42 • 0.25 acres • 2000-3000 sq ft • Alachua County Jurisdiction


FALL PARADE OF HOMES

What’s the Recipe? Ingredients to Building a Subdivision


WHAT’s THE RECIPE

• Ingredients of a Subdivision 1. Open Space – 20-50%

1. Applicable to Unincorporated Alachua County for all developments

2. All other jurisdictions open space applicable to protect environmental features only

2. Stormwater Management – 10%-20% 3. Right of Ways – 15% 4. Common Area – 5%

• Clubhouse, playground, signage, amenity

5. Lots – 20-50% Open SpaceStormwater ManagementROWLotsCommon Area


WHAT’s THE DEFINITION

• Open Space • Primary

Wetlands, Floodplain, Significant Uplands, Threatened & Endangered Species Habitat, Strategic Ecosystem, Significant Geological Features, and natural areas

• Secondary Landscaped Areas, Pedestrian Trails, other

Open Space

Stormwater Management

ROW

Lots

Common Area



• Stormwater Management Facility • Dry Retention • Wet Detention

Open Space


ROW

Lots

Common Area



• Right of Way (ROW) road, sidewalk, streetlights, landscape, signage, potable water, wastewater, storm/drainage, cable TV, fiber optics, natural gas, electric.

Typical road section image from Oakmont

Open Space


ROW

Lots

Common Area



• Common Area • Clubhouse, playground,

signage, amenity

Open Space


ROW

Lots

Common Area



• Lots Platted Residential Homesites (size vary by zoning and market)

Open Space


ROW

Lots

Common Area


ELEMENTS OF A SUBDIVISION Elements of a subdivision • IN APPLICATION


COST OF DEVELOPMENT

Total cost of Infrastructure ÷

Length of Road

= Cost per Linear Foot

Typical Road = $500 per LF


COST OF DEVELOPMENT • Lot Sizes Less Than 0.5 acres

• Average Cost per lot - $25,000 – $60,000 • 35’ – 80’ Frontage • Initial Phase $50,000 - $60,000 • Subsequent Phases: $25,000 - $35,000

• Lot Sizes Over 0.5 acre • Average Cost Per Lot - $45,000 - $80,000

• Over 80’ – 150’ Frontage • Initial Phase $75,000 - $80,000 • Subsequent Phases: $45,000 - $55,000


COST OF DEVELOPMENT • Professional Services Cost

• Survey • Civil engineering • Landscape • Geotech • Environmental • Lighting • Legal

• Soft Costs

• Permitting fees • Inspection fees • Impact Fees

Average Soft Costs

= $13,000

Average Professional Services Cost

= 10-15% of

Construction Value


COST OF DEVELOPMENT

• Soft Costs • Alachua County Impact Fees (per lot)

• Water /Wastewater= $7000 • Traffic = $6000 • Fire = $200 • Parks = $100

• City of Gainesville Impact Fees (per lot)

• Water/Wastewater = $5700 • Traffic = $500 • Fire = $0 • Parks = $0

• City of Alachua Impact Fees (per lot)

• Water / Wastewater = $5530

• City of Newberry Impact Fees (per lot) • Water / Wastewater = $4750


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