HomeMy WebLinkAbout_Developer MatrixDeveloper and Project NameType of Development? # Residential Units & DensityTIF requested? Estimated Valueper City Assessor*Impact to Existing UtilitiesRental Rates (monthly)Developer Expectations for Remediation and Riverwalk/E. 9th Ave. extensionT. Wall The Mills on MainMixed use 19,000 sq. ft. of commercial281-296 units38 units/acre90% increment, but not less than $35,000 per unit $10,360,000$38,026,500 Avoids E. 8th Ave Sanitary interceptorStudio:$850-$1,0001 bed:$1,200-$1,4002 bed:$2,200-$2,5503 bed: $2,500-$2,650RDA will remediate and cap the site in accordance with DNR standards. Developer will apply for a WEDC Brownfield Grant.Riverwalk and E. 9th Ave extension completed by Spring of 2023.Red Earth Oshkosh Sawdust ApartmentsMulti family 0 sq. ft. of commercial338 units 45 units/acre80%, 20 years $10,055,500$39,867,800Avoids E. 8th Ave Sanitary interceptor$1,100-$1,900Will work with environmental consultant and RDA will have responsibility for any hauling mitigation/disposal expenses. Riverwalk completed within 2 years of developer taking ownership and E. 9th Ave. extension to be completed within 4 years of taking ownership.Alexander & BishopReal Estate Capital Markets, LLCRiverwalk on the FoxMixed Use 14,000-15,000 sq. ft. of commercial20 townhome units140 1&2 bedroom units21 units/acre$6,820,000 $22,542,000Proposing to build over E. 8th Ave Sanitary Interceptor but willing to move buildings to avoid it. Townhomes: $1,800-$2,3001 bed/1 bath:$1,000-$1,1502 bed/2 bath:$1,400-$1,800RDA will remediate any environmental contamination and provide a clear DNR site notice. Riverwalk and E. 9th Ave extension completed by December of 2022.Tadych InvestmentPartnersOwner-occupied condos0 sq. ft. of commercial30 unit condos 7.5 units/acre75% increment, 20 years$22,116,000Proposing to build over E. 8th Ave Sanitary Interceptor but willing to move buildings to avoid it. Townhomessold for:$825,000Flats sold for:$600,000RDA delivers the site to developer in a condition which allows developer to commence construction without performing additional remediation.Substantial completion of riverwalk by June 1, 2022 and substantial completion of E. 9th Ave. extension on or before December 31, 2022. Wesenberg, Hess, Dumke,Golden, HildebrandtRiver North DevelopmentMixed Use 18,195 sq. ft. of commercial34 condos120 units18 units/acre90% of incrementfor 20 years$23,406,100Avoids E. 8th Ave Sanitary interceptorBuildings C&D: 2 bed: $1,050-$1,4501 bed: $950-$1,200Buildings E, F, G:2 bed: $900-$1,1001 bed: $750-$950Condos sold for:$400,000-$850,000Work with the City on coordinating the site clean-up. Would be open to lease until site is closed or purchase as is, depending on lending institution requirements.Riverwalk and E. 9th Ave. extension completed by Spring of 2023*Preliminary Value is subject to change once plans are finalized
Developer and Project NameParking Land Price OfferPrivate Development Timing Team Members Ownership StructureProposed FeaturesT. Wall The Mills on Main240-255 underground194 surface$13 phases-Fall 2021 start-Spring 2023 OccupancyFall 2023 start- Spring 2025 OccupancyFall 2025 start- Spring 2027 OccupancyDeveloper- T. WallArchitect- JLA ArchitectsEngineer- VierbicherT. Wall- 20%Capital investors- 80% (none more than 19% individually)Dog ParkLarge Green SpaceOutdoor poolRestaurant on riverfrontRed Earth Oshkosh Sawdust Apartments310 underground186 surface $13 phases- completed in 5 yearsDeveloper- Red EarthContractor- Americon Property Mgr- 3 AmigosArchitect- kba Red Earth- 20% City-owned park south of E. 9th Ave.Outdoor pool, dog-run, outdoor areaAlexander & BishopReal Estate Capital Markets, LLCRiverwalk on the Fox40 garage stalls155 underground spaces$1Construction starts in 2022 and completedin 24 months Alexander Bishop Peter Jungbacker- 100% owner Sound mitigation forrailroadTadych InvestmentPartners24 garage stalls for townhouses24 driveway stalls36 indoor spots (2 per unit)for flats $10,0003 phases-1- May 1, 2022 -April 30, 2023 - 5 townhouses, 6 flats, docks, driveway2-May 2024- April 2025- 4 townhouses, 6 flats, outdoor amenities, driveway3-May 2026- April 2027- 3 townhouses, 6 flats, landscapingDeveloper- Tadych, GryboskiContractor- GryboskiArchitect- Studio de l:uBroker- Grant and Megan Tadych, Gryboski's, and possible third party investors Amenities for condo ownersProposed boat docksWesenberg, Hess, Dumke,Golden, HildebrandtRiver North Development243 surface145 Underground $12 phases-1- 14 months, Buildings B,D,E,F2- 12 months, Buildings A, C, GWesenberg Homes (A&B)YBR (Buildings C,D,G)WHD (Buildings E&F)Three different LLCsProposed boat docks
DESIRED GOALS IDENTIFIED IN RFP(Use spaces provided below for review notes)Developer and Project NameProposed DensityCommercial along S. Main St. Connection to Riverwalk/WaterfrontAligns with Sawdust District Master Plan and South Shore Redevelopment Plan GoalsMeets Design GuidelinesType of HousingMeets Need in City Housing StockTotal City Funding(TIF, remediation, public infrastructure)Developer Experience New Amenities to OshkoshT. Wall The Mills on MainRed Earth Oshkosh Sawdust ApartmentsAlexander & BishopReal Estate Capital Markets, LLCRiverwalk on the FoxTadych InvestmentPartnersWesenberg, Hess, Dumke,Golden, HildebrandtRiver North Development