XYZ Redevelopment Project BH... · BH Housing Trust Funds (FY2005-2009) Rosslyn Hotel (259 Units)...
Transcript of XYZ Redevelopment Project BH... · BH Housing Trust Funds (FY2005-2009) Rosslyn Hotel (259 Units)...
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Public Hearing & Mid-Term Progress ReportFive-Year Implementation Plan
Bunker Hill Redevelopment Project
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Bunker HillRedevelopment Project
Area: 133 Acres
Key Dates
• Plan Adopted: March 31, 1959• Plan End Date: January 1, 2012• Last Date to Receive T.I.:
January 1, 2022• T.I. Cap: $2.5B (Est. in1986)
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Bunker HillRedevelopment Project
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Five-Year Implementation Plans
• FY2005-FY2009 Implementation Plan• Adopted on September 1, 2005
• Mid-Term Progress Report• August 21, 2008
• FY2010-FY2012 Implementation Plan• October 2009
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FY2005-FY2009Five-Year Implementation Plan Goals
• Economic Development• Affordable Housing• Public Improvements• Strategic Plans & Studies• Public Art
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Economic Development2.5 acre Parcel Y-1. RFP 2009.
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Economic Development
Grand Avenue Project
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Economic Development
Colburn School Phase II- 170 Bed Dormitory, 200 Seat Performance Lab; Rehearsal Hall and 50 Practice Rooms.
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Affordable Housing
Grand Avenue Project Angelus Plaza Senior Housing (1,093 units)
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Affordable Housing Projects Funded by BH Housing Trust Fund (FY2005-FY2009)
29th Street Crossing (69 units)
Central Village Apartments (84 units)Downtown YWCA (200 units)
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Affordable Housing Projects Funded byBH Housing Trust Funds (FY2005-2009)
Alexandria Apartments (461 Units)Rosslyn Hotel (259 Units)
Ford Hotel (120 Units)Downtown Women’s Center (66 Units)
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Affordable Housing Funded Through Bunker Hill Housing Trust Funds
ExtremelyLow
Very Low Low Moderate Total
Rehabilitation Projects For FY2005-09 (committed)
Alexandria Apartments
30 220 211 461 11.9 m
Ford Hotel (acquisition)
120 120 4.5 m
Rosslyn Hotel 86 173 259 8.0 m
Downtown Women's Center
66 66 3.4 m
Total 30 372 504 906 27. 8 m
New Construction Since FY2005 (committed)
Grand Avenue (Phase I)
34 64 98 10.0 m
29th Street Crossing
7 47 15 69 3.5 m
Central Village Apartments
24 60 84 2.4 m
YWCA 200 200 2.0 m
Total 7 305 75 64 451 17.9 m
Rehabilitation Project Completed Since FY2005
Central Avenue Villas
20 20 1.7 m
CRAInvest.
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Strategic Plans & Studies
• Design for Development Guidelines
– Floor Area Ratio (FAR)increase to 6:1 (from existing 5:1)
– 3.9 million sq. ft. ofdevelopment capacity.
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Public ImprovementsConvention Center Hotel Angels Knoll Civic Park
Little Tokyo Art Park
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Public Improvements
2nd Street connecting Grand Avenue and Olive Street
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Public Art
Grand Performances
Angels Knoll Plaza Art Plan Kay Martin Art Collection
Colburn School of Performing Arts
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Outlook
• End of Effectiveness: January 1, 2012• Design for Development Guidelines• Y-1 Development• Regional Connector• Street Car Trolley