HomeMy WebLinkAbout2. Alexander & Bishop Sawdust District
Alexander & Bishop Real Estate Capital
Markets, LLC
300 N Main St Suite 300
Oshkosh, WI 54901
Presented by:
J. Peter Jungbacker
pjungbacker@alexanderbishop.com
(920) 203-1790
April 16, 2021
TABLE OF CONTENTS
●Overview and existing developments
●Team Members
●References
●Developer Legal Structure
●Project Description
●Concept Plan
●Concept Renderings
●Sound Mitigation
●Financing Plan
FIRM OVERVIEW
Alexander & Bishop Real Estate Capital Markets, LLC of Oshkosh,
Wisconsin, is a real estate development, management, and
investment banking company. We develop, acquire, manage and own
commercial, office, retail shopping centers and multi-family residential
real estate in Wisconsin.
To date Alexander & Bishop Real Estate Capital Markets, LLC and its
affiliates have developed over 6,000,000 square feet of shopping
centers, office buildings, multi-family apartment communities, and
industrial warehouses. Alexander & Bishop Real Estate Capital
Markets, LLC also provides mortgage brokerage financing and real
estate tax assessment appeal services to the commercial real estate
industry.
PROJECTS DEVELOPED IN
OSHKOSH
River Place Apartments
•1335 Summit Ave
Concord Place Apartments
•151 Dawes St
Morgan Crossing Apartments
•495 Pearl Ave
Market Fair
•1500 Block Koeller St
Westowne
•2231 Westowne Ave
20th Street
•1621 W 20th St
University Lofts
•1615 W New York St
Other portfolio assets in Oshkosh:
•Bishops Place Apartments (1627 Elmwood Ave)
•300 N Main St
•440 N Main St
•Bent Block Apartments (470 N Main St)
•Lakeview Terrace Apartments (1191 High St)
•University Flats (1174 High St)
University Lofts & Lakeview Terrace
River Place
Morgan Crossing
Concord Place
DEVELOPMENT TEAM
Peter Jungbacker – Member
Logan Jungbacker – Director of Asset Management
Erik Jungbacker – General Counsel
John Boehme - Marketing Manager & Sustainability Coordinator
John Povolny- Finance and Development
REFERENCES
Kurt Rheingans
Vice President / Senior Lending Officer
West Pointe Bank
1750 Witzel Ave. PO Box 2266
Oshkosh, WI 54903
Office (920) 303-6047 Cell (920) 279-9991
Bill Kadrich
Senior Vice President
CIBM Marine Bank
12700 W. Bluemound Rd. Suite 150 | Elm Grove, WI. 53122
Phone: (414) 254/9356 | Fax: (414) 607/6009
David Pike
Managing Director of Banking
Angel Oak Capital Advisors
david.pike@angeloakcl.com
4590 MacArthur Blvd
5th Floor
Newport Beach, CA 92660
O: 949-468-4390
C: 704-231-2136
LEGAL STRUCTURE
Single purpose LLC (to be created)
PROJECT DESCRIPTION
Overview
•20 townhome units
•2 stall attached garage parking per unit
•En suite washers and dryers
•Gas fireplaces
•50 1 bedroom, 1 bathroom apartment units
•90 2 bedroom, 2 bathroom apartment units
•9’ ceilings
•En suite washers and dryers
•Granite Countertops
•Stainless Steel Appliances
•Attractive landscaping and streetscaping
•Underground Parking
The interiors of all units will be finished to a high level that will include
stainless steel appliances and granite countertops in the kitchens,
ceramic tile tub surrounds and granite vanity tops in the bathrooms
and en suite laundry. Many units will have balconies and patios that
overlook the Fox River.
Construction is expected to begin in summer of 2022 and to be
completed within 24 months.
CONCEPT PLAN
CONCEPT PLAN
CONCEPT RENDERINGS
Mixed Use Building Facing Main Street. Bottom floor retail; top two
floors residential
CONCEPT RENDERINGS
High Density Courtyard View
CONCEPT RENDERINGS
Townhomes facing Fox River
CONCEPT RENDERINGS
Townhome & linear garden view from Riverwalk
CONCEPT RENDERINGS
View from townhome window towards Riverwalk &
Fox River
REPRESENTATIVE
INTERIOR PHOTOS
SOUND MITIGATION
●Triple glazed windows can significantly reduce the
low-mid pitch frequency noises up to 90%.
●Double sound walls between dwelling units
engineered to STC 65 (exceeds IBC code of STC
50), sound channels, extra framing blocks and
acoustic sealants all deter sound transmission.
●Significant landscaping to act as a natural sound
barrier.
●Balcony materials and configurations engineered to
absorb and deflect ambient exterior noise.
●Building layout and configuration in relation to the rail
way as to maximize noise deflection (avoiding large
walls that are parallel to the train tracks)
FINANCING PLAN
Capital Stack:
First Mortgage
•$18,100,000
Tax Incremental Financing (TIF)
•$6,820,000
Property Assessed Clean Energy (PACE)
•$4,090,000
Developer Equity
•$5,115,000
Total Project Cost: $34,085,500
Offer Price for the land: $1
Target Market:
•Young Professionals
•Co-living (unrelated roommates splitting rent)
•Senior Living