J P LIVING At THE MIRAGE Phoenix, Arizona
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Transcript of J P LIVING At THE MIRAGE Phoenix, Arizona
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J P LIVINGJ P LIVINGAtAt
THE MIRAGETHE MIRAGEPhoenix, ArizonaPhoenix, Arizona
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J P LIVING At
THE MIRAGE
Project TeamDEVELOPER ARCHITECT ENGINEERJohn A. LiSanti, President Damon Leverett, AIA Rachid Dia, P. E.American Realty & Development Durrant Group David Evans & Assoc., Inc369 B Third Street, Suite 269 410 North 44 th Street, #800 2141 E. Highland Ave, #200 San Rafael, CA 94901 Phoenix, AZ 85008 Phoenix, AZ 85016
LANDSCAPE ARCHITECT CONTRACTOR PROJECT MANAGERKristina Floor, RLA, ASLA Ken Schacherbauer A. Dean SpearsFloor Associates Perini Building Company Flagstaff Airpark Holdings, LLC1425 North 1st Street, 2nd Floor 360 East Coronado Road 1000 West Coy DrivePhoenix, AZ 85004 Phoenix, AZ 85067 Flagstaff, AZ 86001
REAL ESTATE BROKER REPRESENTATION Ray Pacioni Nicholas J. Woods Fairmount Corp. Snell & Wilmer 22 E. Buchanan One Arizona Center Phoenix, AZ 85004 Phoenix, AZ 85004
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J P LIVINGJ P LIVINGAt TheAt The
THE MIRAGETHE MIRAGE
Located in the Warehouse District of Located in the Warehouse District of downtown Phoenix, downtown Phoenix, THE MIRAGETHE MIRAGE at at
Central and Buchanan will feature inspiring Central and Buchanan will feature inspiring architecture, spectacular views, and architecture, spectacular views, and
exciting amenities at a moderate price. exciting amenities at a moderate price.
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THE MIRAGESite Location
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1 Project location to Chase Ball Park and US Airway Center
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Project Site PicturesExisting Condition
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The twin-tower project design The twin-tower project design includes a podium parking structure includes a podium parking structure (one level below grade and 3 levels (one level below grade and 3 levels
above grade) wrapped with retail above grade) wrapped with retail and residential units to allow for and residential units to allow for
both cost-efficient construction and both cost-efficient construction and a neighborhood-friendly scale at a neighborhood-friendly scale at
the street level. the street level.
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Street Level – Retail
2 Story Townhomes
6 Units █
Retail Units █
Total 8,399 SF
To be leased at
$22.00 per SF
Ramps Up and Down
To Parking █
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The 3.3 acre site provides a net The 3.3 acre site provides a net building area of 76,750 sf which building area of 76,750 sf which has been designed to include has been designed to include 386 residential units, 4 retail 386 residential units, 4 retail
units (8,399 sf) and 535 parking units (8,399 sf) and 535 parking spaces. spaces.
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Unit Types and NumberUnit Types and Number
One Bedroom Condos 92 Units
One Bedroom Lofts 145 Units
Two Bedroom Condos 49 Units
Two Bedroom Lofts 43 Units
Two Bedroom Townhomes 49 Units
Three Bedroom Lofts 8 Units
Total Number 386 Units
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The 5The 5thth Floor has: Floor has: ☼ ☼ Swimming Pool Swimming Pool ☼ ☼ 2 Amenity Areas 2 Amenity Areas ☼ ☼ Loft UnitsLoft Units☼ ☼ 24 Condo Units in the Towers. 24 Condo Units in the Towers.
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5th Floor Level
Pool █
Loft Units █
Tower Units █
Amenity Areas █
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Floors 6 - 15
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Floors 16 - 18
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Floor 19
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Construction CostsConstruction Costs
386 Units Total of 367,220 SF386 Units Total of 367,220 SF
Total Construction CostTotal Construction Cost
$86,281,750.00$86,281,750.00
Total Construction Cost per Square Total Construction Cost per Square FootFoot
$234.96 / SF$234.96 / SF
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Total Sales PriceTotal Sales Price
386 Units Total of 367,220 SF386 Units Total of 367,220 SF
TOTAL SALES OF ALL TOTAL SALES OF ALL 386 UNITS 386 UNITS
@ $420.00 Per SF@ $420.00 Per SF$141,746,920.00$141,746,920.00
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GROSS PROFITSGROSS PROFITSAFTER AVERAGE SALESAFTER AVERAGE SALES
Combined Sales Combined Sales $141,746,920.00$141,746,920.00
Less Construction Costs $ Less Construction Costs $ 86,281,750.0086,281,750.00
Less Land Costs Less Land Costs $ 8,000,000.00$ 8,000,000.00
Average Gross Profits Average Gross Profits $ $ 47,465,170.0047,465,170.00
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