Collegiate Health Service Corps Connecting Students to Careers, and Communities to Better Health.
Capstone Collegiate Communities - Relations...2018/04/25 · Presentation April 25, 2018 Project...
Transcript of Capstone Collegiate Communities - Relations...2018/04/25 · Presentation April 25, 2018 Project...
Capstone Collegiate Communities PresentationApril 25, 2018
Project Team• Capstone Collegiate Communities (“Capstone”) ‐ Birmingham, AL based company that specializes in the development and management of student housing communities in university towns throughout the country
• Formed in 2012 as part of the restructuring of Capstone Development, a student housing developer with more than 23 years of experience and a portfolio of 131 communities in 33 states
• Capstone is comprised of three divisions that focus on the development, construction and management of successful student housing communities
• Niles Bolton Architects ‐ Nationally respected architect with offices in Alexandria, VA
• Christopher Consultants‐ Civil engineers based in the City of Fairfax for over 35 years
• Walsh, Colucci, Lubeley & Walsh PC – Land use attorneys
• Wells + Associates – Traffic engineers and consultants
Site Location
Conformance With Comprehensive Plan Principles
‐ Supports the City’s Downtown
‐ Adds to the Variety of Housing types in the City
‐ Promotes Revitalization
‐ Promotes Attractive, Traditional Design
‐ Assures Efficient Movement of Traffic
Supports the City’s Downtown• Increased residential base to support downtown retail and restaurants
• Property is within walking distance to downtown Fairfax • Anticipated $2.9 million of annual resident spending in the City of Fairfax
• Real estate taxes paid by private ownership entity • Capstone not affiliated with GMU
• Revitalization of underutilized property • Replacement of aging office buildings and surface parking lot • Increased revenue generated to benefit the City• Approximately $53.6 million in hard construction costs
• Catalyst for future development and investment in downtown Fairfax
Adds to the Variety of Housing Types in the City
• Need for quality, affordable student housing • Continued growth of George Mason University (“GMU”) • Limited on‐campus housing and off‐campus housing options proximate to campus • Issues with students living in single‐family neighborhoods (parking, traffic and noise)
• Outcomes of City of Fairfax – GMU 2014 Downtown Charrette • Better integration of GMU and Downtown Fairfax • Need for student housing options downtown• Pursue opportunities for development in and around downtown Fairfax
Promotes Revitalization
Existing Condition: 50% vacant primarily impervious surface
Promotes Attractive Traditional Design
Conceptual LayoutPrevious Concept Plan
Areas Identified for Improvement• University Drive façade
• Height along University Drive and Layton Hall Drive
• Visibility of Parking Deck
• Lack of connectivity between Layton Hall Drive and University Drive
• Landscaping
• Garage Access
Proposed Development Plan
Assures Efficient Movement of TrafficProposed Use Prior to Any Similarly Sized Commercial (office/retail)
Trip Reductions Apartment Building By‐Right
AM Peak Hour 128 vehicle trips 224 vehicle trips 1168 vehicle tripsPM Peak Hour 246 vehicle trips 314 vehicle trips 1802 vehicle trips
• The AM and PM peak hours refer to the peak one hour during the morning andafternoon/evening when the roadway network experiences its peak volume during a typicalweekday. The peak hours are measured from traffic counts that are conducted from 6:00 to9:00 AM and from 4:00 to 7:00 PM. The actual peak hours associated with the surroundingroadway network occur from 7:45 to 8:45 AM and from 4:30 to 5:30 PM
CREATES A COMMUNITY THAT WILL ENHANCE AND NOT DETRACT FROM THE DOWNTOWN
• Secure community managed by 24/7 on‐site staff • Includes resident “Courtesy Managers” (off‐duty police officers) • Calls routed to staff via 24/7 call center • Phone number will be provided to community
• Residents expected to comply with all community regulations • Residents held accountable for behavior• Failure to comply may result in lease termination and removal from community
• Parking restrictions and location of guest parking communicated to residents• Residents informed that illegally parked vehicles may be towed
• Residents are historically engaged in the community through volunteerism
A History of Successful ImplementationFreemont Station Exterior
Northpoint Crossings Exterior
Left: Freemont Station Pool Area
Right: Hannah Lofts Street View
Left: Hannah Lofts Study Area
Right: Freemont Station Sauna
Left: Freemont Station Study Area
Right: Hannah lofts Computer Bar
Left: Baton Rouge Weight Lifting Area
Right: Baton Rouge Alternative Workout Area
Left: Colorado Springs Yoga Room
Right: Hannah Lofts Fitness Area
Left: Freemont Station Living Room
Right: Freemont Station Bedroom
Left: Lofts at City Center Bathroom
Right: Hannah Lofts Kitchen
• Lofts at City Center – Tuscaloosa, AL (348 units & 1,225 beds)• Constructed 2013‐2014• Two nearby neighborhoods experienced annual increases of 8.2% and 2.2% between 2014 and 2018• Increases are greater than or consistent with City of Tuscaloosa as a whole (2.4%)
• Cottages of College Station – College Station, TX (350 units & 1,352 beds)• Constructed 2012‐2013• Nearby neighborhood experienced annual increase of 4.9% between 2013 and 2018• Increase is significantly higher than increase in College Station as a whole (1.1%)
No Evidence of Adverse Impacts on Home Values
QUESTIONS