Biltmore quarter project rising pitch

30
BILTMORE QUARTER Sears + Roades Center Retrofit
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    14-Sep-2014
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Our pitch proposal for Project Rising. It was a great exercise in building a business plan. We asked for too much, so on to the next project.

Transcript of Biltmore quarter project rising pitch

  • BILTMORE QUARTER

    Sears + Roades Center Retrofit

  • Existing Conditions

    Competitive Creative Economic Urban Areas Phoenix

    Dallas

    Denver

    Comparative Upscale Markets Biltmore District

    Park Cities

    Cherry Creek

    CSBA Investigation

    In the shopping malls, Conform or be cast out

    - Neal Peart

  • Establishing Market Presence

    37.6 Acre tract

    opened in 1961

    4th Phoenix mall

    246,600 leasable Sq. Ft.

    1963, 2-level, 126,300 Sq.

    Ft. Rhodes Brothers

    (Tacoma) store added

    expansion leasable space

    up to 372,900 Sq. Ft.

    Westcor acquires center,

    name changed to

    Colonnade Mall

    Rhodes become Joskes

    (San Antonio)

    Mall is enclosed

    1980s, A 80,000 square foot

    Mervyns was added.

  • Decline & Bankruptcy

    1988, Squaw Peak Parkway

    bisected the site.

    1990s, demalled into big

    box strip mall.

    Sears sub-divided into retail

    spaces.

    52,700 sf section of the mall

    demolished

    A parking garage was built

    Joskes sub-divided into a

    2nd floor leased office space

    and a retail ground floor.

    59,800 sf Fry's added

    Additional out buildings

    added.

    Now CAMELBACK

    COLONNADE

    2009, Mervyn's bankruptcy.

  • Competitive Creative Economic Urban Areas

    It is not the strongest of the species that survive, nor the most

    intelligent, but the one most responsive to change.

    -Charles Darwin

    Existing Conditions

    Competitive Creative Economic Urban Areas Phoenix

    Dallas

    Denver

    Comparative Upscale Markets Biltmore District

    Park Cities

    Cherry Creek

  • Metro

    Pop: 4.2 mil

    Density: 252.9/sq mi.

    Area: 16,573 sq. mi.

    City

    Pop: 1.4 mil

    Density: 3,072/sq mi.

    Area: 518 sq. mi

    Phoenix, Arizona

  • Phoenix Creative Assessment

    20 miles of

    Light Rail

    1 State

    University

    1 Airport

    4 Art Museums

    Biltmore District

    8 Performing

    Arts Facilities

    700,000 SF

    Convention

    Center

    Tallest Builgin:

    483 ft.

  • Metro

    Pop: 6.7 mil

    Density: 634/sq mi.

    Area: 9,286 sq. mi.

    City

    Pop: 1.2 mil

    Density: 3,518/sq mi.

    Area: 385.8 sq. mi.

    Dallas, Texas

  • Dallas Creative Assessment

    2 Airports

    72 miles Light &

    35 miles of

    Commuter Rail;

    3.6 miles of

    streetcar

    6 Art Museums

    3 State & 3

    Private

    Universities

    4 Performing

    Arts Facilities

    Park Cities

    950,000 SF

    Convention

    Center

    Tallest Building:

    921 ft.

  • Metro

    Pop: 2.6 mil

    Density: 303.3/sq mi.

    Area: 8,414 sq. mi.

    City

    Pop: 0.6 mil

    Density: 3,874/sq mi.

    Area: 154.9 sq. mi.

    Denver, Colorado

  • Denver Creative Assessment

    1 Major Airport

    2 Major Art

    Museums

    2 State & 1

    Private

    University

    3 Performing

    Arts Facilities

    Cherry Creek

    584,000 SF

    Convention

    Center

    Tallest Building:

    714 ft

  • Co-Working Gangplank

    Workhaus

    Creative Density

    TOD Valley Metro

    Mockingbird Station

    City Center, Englewood, Colorado

    Town Center Scottsdale Quarter

    West Villages

    Belmar

    Retrofit Strategies

  • Co-Working Gangplank

    Workhaus

    Creative Density

    Retrofit Strategies

    Imagination is the living power and prime agent of all human perception

    -Samuel Taylor Coleridge

  • Co-Working

    Coworking is the social

    gathering of people, who

    work independently, but

    share values, and are

    interested in the synergy

    that can occur when

    working with talented

    people of differing fields in

    the same space.

    Attractive to

    telecommuters,

    independent contractors,

    and travelers.

    The coworking model is a

    social collaborative, that

    allows for the cross

    pollenization of ideas with

    a strong focus on

    community.

    Coworking communities

    are formed by organizing

    Casual Coworking events

    in public places such as

    cafes, galleries or multi-

    functional spaces.

  • Gangplank

    Gangplank is a group of individuals creating an economy of innovation and creativity in the Valley. They envision a new economic engine comprised of collaboration and community, where industries come together to transform our culture.

    A place for creators, where diverse backgrounds and ideas collide, providing the necessary fuel to innovate.

    Gangplank believes that the creative class focuses on collaboration over competition, and that ideas should be shared freely.

    Offers one-on-one meetings with mentors specializing in marketing, financial management and business planning.

    Weekly brownbag presentations by local business leaders.

    Member-lead workshops.

    The youth arm of Gangplank, Gangplank Junior, seeks to augment a struggling education system, through after-school programming focused on hands-on learning and encouraging creativity, preparing future generations to operate in a world beyond what their schools prepare them for.

  • Workhaus, Dallas

    Workhaus Co-Working Lodge is a better, more efficient, green, mobile, and connected worklife in Dallas, TX.

    A simple concept where independent professionals work together for the purpose of collaboration and the ability to focus on their work in inspiring spaces.

    Membership-based co-working also provides a professional environment to meet clients, receive mail, socialize and talk shop with other professionals.

    We provide rental opportunities for a desk space, private workspace, and amenities businesses need to run efficiently.

    We create a dynamic culture of mentorship, incubation, leadership, networking and most importantly creating.

  • Creative Density, Denver

    A shared workspace in

    Denver for mobile

    professionals, to

    assemble to work,

    create, and collaborate

    in fun and productive

    environment.

    Open, Functional,

    Flexible.

    Work and create in an

    open workspace

    Focus the quiet room

    Meet with clients in the

    conference room

    Take a private call in

    the phone room

    Recharge in the

    lounge.

    Coffee and generated

    energy by coworkers.

    Ideas and skills colloid.

  • relating to a system of education to develop the

    importance of free play

    a workshop or studio, especially of an artisan or designer.

    183040;: literally, pile of chips

    FROEBEL ATELIER

    What a shame to not think like an 11 year old.

    -John Lautner

  • To Subscribe to the Atlier simply contact us. BUT, a subscription

    does not mean you get to work in a collaborative and creative

    space, you must become a part of the community of freelancers,

    mobile workers, and start-ups.

    Membership has its privileges

    And you think I am being disruptive?

    But no, I'm running home, I'm running,

    'Cause I'm trying to put the atom back together.

    -Dar Williams

  • Bringing Mobile Workers Together

    Coworking Communities provide a space for mobile professionals to work together. Coworking is

    proving that independent professionals do better together in a community rather working alone. The

    physical density of people and lack of barriers creates a collaborative environment where people can

    focus on their work independently but also share experiences and work together.

    What if you could blend the benefits of working from home, the coffee house, and the corporate

    office?

    Flexible workspace, with Open concept offices so you can feed off the energy and build relationships

    Community of brainstorming buddies

    Organized events to learn about design and techniques, business trends, and the next big idea

    Amazing coffee, printing, and other essential business requirements

    besides awesome people to be around.

    According to a the Global Coworking Survey:

    42% of coworkers reported an increase in revenue, only 5% saw a decline

    85% were more motivated

    88% have better interaction with people

    60% said they are more relaxed at home now

    57% work more teams for projects

  • Philosophy

    We aim to connect individuals and small businesses creating an economy of innovation and creativity.

    We envision a new economic engine comprised of collaboration and community, in contrast to the

    silos and stodgy dependence on the next tourism and land development boom. Our ideas are based

    on the Creative Economy work of Economist Richard Florida and the (re)New(ed) Urbanism work on

    Retrofitting Suburbia by Ellen Dunham-Jones and June Williamson. We studied their work to discover

    methods for Phoenix to live up to its nom du plume.

    We have the talent in this Valley to create an economy to compete with the Atlantas, Denvers,

    Houstons, Austins, and Dallases, we just need to work together to create it. Different environments

    need to overlap, connect and interact in order to transform our community to be economically and

    environmentally sustainable. The community we seek to create is based on the idea of the 4 Es:

    1. Equity

    2. Economy

    3. Environment

    4. Aesthetics

    This new economy cannot thrive without engaging the larger business, creative, entrepreneurial,

    governmental, and technical communities together.

    We believe that innovation breeds intension. We will transform our culture into one supportive of the

    entrepreneurial spirit, of risk taking, of pioneering into the unknown territories as the founders of our

    municipalities once did. This requires education, entrepreneurship and creative workspaces.

  • Likely Subscribers

    Game designers

    Graphic Designers

    Sole Practitioners

    Architects

    Engineers

    Web Designers

    Independent Insurance Agents

    Real Estate Agents

    Digital Artists

    Freelance Programmers

    Financial Planners

    Hobbyists

    Day Traders

    Internet Sales

    Web Production

    Web Publishers

    Start-Ups

    Authors

    Technical Writers

    Digital Artists

    and more!

  • Subscription: PREMIUM

    No long-term contract, subscriptions are month to month, and includes Listing in our member

    directory.

    Professional Reception services for subscribers deliveries and customer calls to your dedicated

    LAN line and voicemail: Personalized answering, greeting, and arranging (handsets available, or

    we can wire your number to your cell).

    Professional Executive Secretarial services available to assist subscribers with editing and

    proposal/presentation preparation.

    Open, cubicle and private studio offices; Phone Booth; & Comfortable, open seating, with patio seating, in the Lounge area.

    Fully equipped Conference Center for teleconferencing, pitching, ideation, client meetings, and

    community events.

    WiFi/Internet, coffee, Print/Fax/Copy services (discounts on large reproduction runs), mailboxes,

    and 24-hour access, are included for monthly subscribers.

    Work tables, mobile white boards, flip charts, software license seat library (pricing may vary) ,

    webinar, on line organizational platforms

    A room dedicated for long phone calls or webinars.

    A fully equipped Caf with flavored coffee, refrigerator, microwaves, snack/soda machines,

    plates, silverware, dishwasher, available for breaks, networking and catering.

  • Subscription: FRINGE

    All Inclusive access to Salon Talks, Lounges, and networking.

    Special Discounts to local Conferences and Professional Society events.

    Extra Perks like arranging Speaking at events.

    All Amenities & Included Services are available to monthly subscribers, regardless of level.

    Walking, biking and a short transit distance to numerous restaurants and bars for client

    entertaining, with a conference kitchen available for catering.

    Located in a community of business, with easy access to retail and networks.

    Affordable housing close by.

    Professional mentoring and counseling seminars and discounts on private sessons for you and

    your business.

    Professional magazine, periodicals, newsletters and newspapers Reference Center, available

    both in on line and in the lounge area. ALL subscriptions included in dues, with selection made by

    subscribers to the space.

    Discounts on events and CDU courses.

    Members can cowork around the world for free with the coworking visa.

    Quarterly Innovation Charettes to encourage collaboration and new ideas for puzzling problems.

  • Subscriber Mentoring

    Seeing opportunities in unlikely places, maximizing profitability through planning and detail efficiency

    is the intrinsic value of good maturation of business incubation. The ability to marry economic

    sensitivity with design accountability while navigating the myriad challenges and constraints

    ubiquitous to development is a skill set unique to Alloy.

    Budgets

    Cash Flow Models

    Concept Ideation

    Consultant Team

    Financial

    Market Analysis

    Marketing Programs

    Legal

    Pro Formas

    Boiler Plate Template Documents

    Sources & Uses Statement

    With self-directed and community developed programs to benefit subscribers and a 2 mile

    neighborhood radius

  • Subscriber plans

    Mobile Membership ($98 per month)

    For the developing business that needs a professional

    workspace, but not an office.

    Access to any open desk

    Discounts on CDU Classes

    Ability to Stay Late

    Dweller Membership ($395 per month)

    Set desk

    All services listed above

    Resident Subscription ($900- $750)

    Great for office startups or small business teams.

    Full access to the coworking floor, conference room,

    kitchen

  • Decanter plans

    Lounge Pass (FREE)

    For those needing a quick stop to check email.

    Access to any seat in the lounge

    Free WiFi

    Coffee is 50 cents.

    Printing and other services additional

    Transit Pass ($25 per day)

    For the interloper who works from home, is visiting the

    area, or developing a side business

    Access to any open desk

    Additional cost to use conference spaces and

    Professional Services.

    Day Pass ($25 per day)

    For the interloper who works from home, is visiting the

    area, or developing a side business

    Access to any open desk

    Additional cost to use conference spaces and

    Professional Services.

    Conference Room Rentals.

    You dont have to be a member. Members get the conference room for free or 50% off.

    Half Day $75

    Full Day $100

  • Proposal

    Pre

    limin

    ary

    De

    sig

    n

    Sch

    em

    actic

    Desig

    n

    De

    sig

    n

    De

    ve

    lopm

    ent

    Co

    nstr

    uction

    Do

    cum

    ent

    Co

    nstr

    uction

    Op

    era

    tion

    s &

    Ma

    na

    ge

    me

    nt

    Asset Definition 70% 10% 10% 10%

    Highest & Best Use

    Analysis

    30% 30% 30% 10%

    Project Visioning 10% 50% 40%

    Entitlement Assistance/

    Permit Review

    30% 30% 30% 10%

    Design Review 20% 30% 40% 10%

    Finance Placement 30% 30% 30% 10%

    Owners Representation 17% 17% 17% 17% 17% 17%

    Our development teams involvement and spending percentages.

    $5 million for full retrofit.

  • Proposal

    bud

    ge

    t

    No

    . o

    f Jo

    bs

    Da

    ys t

    o c

    om

    ple

    te

    fro

    m to

    da

    y

    Co

    st

    Concept Renderings

    & Stacking Plans 20% 5 90 $

    20,000.00

    IPD Consultant &

    Contracting Team via

    RFP 20% 5 90 $

    20,000.00

    Market Analysis 20% 5 90

    $

    20,000.00

    Physical Facility

    Assessment & Zoning

    Analysis 20% 5 90 $

    20,000.00

    Real Estate Legal &

    Marketing Consultants 20% 5 90 $

    20,000.00

    100% 25 90 $

    100,000.00

    ask = $100,000