Loading...
HomeMy WebLinkAbout_Presentation 1 T Wall TIFT. Wall Enterprises Development, LLC 43 E. 7th Ave RFP –The MILL on MAIN T. Wall Enterprises Development, LLC T. Wall Enterprises -Overview •T. Wall Enterprises is a leading developer of luxury multi-family housing in Wisconsin •Successfully developed over three-fourths of a Billion dollars of properties •Over 1,800 apartment units with another ~275 units currently under construction. •21 multi-family & mixed-use properties. T. Wall Enterprises Development, LLC Property Portfolio T. Wall Enterprises Development, LLC Middleton Center –Middleton, WI –224 units + 66K SF Comm. T. Wall Enterprises, LLC Public/Private Partnership Middleton Town Square Stone Horse Green •Partnered with the City of Middleton •T. Wall Enterprises donated the demolition costs & sold land to City at cost. T. Wall Enterprises Development, LLC The Masters Residences –Middleton, WI –163 Units T. Wall Enterprises Development, LLC Tribeca Village –Middleton, WI –190 Units T. Wall Enterprises Development, LLC Peloton Residences –Madison, WI –172 Units + Retail T. Wall Enterprises Development, LLC Watermark Lofts –Madison, WI –80 Units + 16k sqft Commercial T. Wall Enterprises Development, LLC Veritas Village –Madison, WI –189 Units T. Wall Enterprises Development, LLC Wingra Point –Madison, WI –67 Units T. Wall Enterprises Development, LLC Hidden Creek Residences –Madison, WI –180 Units T. Wall Enterprises Development, LLC Prairie Trail –Sun Prairie, WI –54 Units T. Wall Enterprises Development, LLC City Deck Landing –Green Bay, WI –76 Units T. Wall Enterprises Development, LLC Conservancy Bend -Middleton, WI –87 Units and 15 Townhomes T. Wall Enterprises Development, LLC Covered Bridge Residences –Windsor, WI –300 T. Wall Enterprises Development, LLC Solaris on Main –Neenah, WI –71 Units T. Wall Enterprises Development, LLC Bruce Company Redevelopment –Middleton, WI –800 Units + Hotel, Office, Retail T. Wall Enterprises Development, LLC The MILL on MAIN –Overview T. Wall Enterprises Development, LLC THE MILL on MAIN T. Wall Enterprises Development, LLC Development Overview Sawdust District Gateway Development. •Three buildings, 4 stories each. •77-112 units each. •Retail and restaurants •Expansive central courtyard. •“Sawdust Park” including Amphitheater for events and programming. •i.e. farmers market, concerts, shows, community gathering events, etc. •Shared trail head parking. •Public dog park. •Beautiful Club house, pool, hot tub, patio, etc. •Pickleball courts. •Consideration: Adding skating rink to Park •Municipal Ex: Downtown Neenah T. Wall Enterprises Development, LLC Development Data –Multi-family Multi-family details. •281-296 units. •Studio, 1, 2, and 3 bedroom units. •Walk-up first floor units. Standard T. Wall high quality finishes. •Granite countertops. •Kitchen islands. •Stainless steel appliances. •In-unit washer and dryer, etc. •Green features. •Electric vehicle charging stations, bike parking, solar, etc. Site plan design captures views of the Fox River and Lake Winnebago. T. Wall Enterprises Development, LLC Development Data – Commercial/Retail Space Commercial Space Details •16,000 sf of first floor retail. •3,000 sf riverfront restaurant with patio and 2nd floor balcony seating. Potential Tenants: •Coffee shops, bakeries, small retailers, destination commercial users, etc. Retail stores will activate S. Main St. Riverfront Restaurant will make a Sawdust District Destination and interact park users. T. Wall Enterprises Development, LLC Development Data – Parking Underground Parking •Secured access. •240 -255 stalls for resident use only. Surface Parking •150 stalls. •Used for commercial tenants during business hours and residents at night. 1.32 parking ratio (residential units/parking stalls. •T. Wall developments typically need greater than a 1.1 ratio. Bicycle Parking •Both indoor and outdoor. T. Wall Enterprises Development, LLC Development Timeline Phase Developer Responsibility City Responsibility Construction Start Construction Finish Phase 1 Construct Building A1, Dog Park •By November 2023: •Construct E. 9th Avenue extension •Construct Riverwalk Trailhead •Vacate Pioneer Drive and Construct Riverwalk Oct. 2022 Feb. 2024 Phase 2 Construct Building A2, Clubhouse and Amenities Oct. 2025 Feb. 2027 Phase 3 Construct Building A3 Oct. 2027 Feb. 2029 Timeline and Building Phasing Subject to Change T. Wall Enterprises Development, LLC The MILL on MAIN –City Investment T. Wall Enterprises Development, LLC City of Oshkosh Investment Environmental Remediation •The City shall be responsible remediating and capping the site of all environmental contaminants in accordance with DNR standards and achieving VPLE. Land Purchase •The Developer will be purchasing the land for $1 after environmental remediation is complete. Tax Incremental Financing •We are asking for: •90% of the tax increment •The Mill on Main Total Project Costs •Estimated $65 -$75 million •TIF Percentage of Total Project Costs •20-25% of the total project Costs •Estimated Assessed Value •Approx.: $60 million T. Wall Enterprises Development, LLC The MILL on MAIN –Design Comparable T. Wall Enterprises, LLC General Design Inspiration T. Wall Enterprises, LLC General Design Inspiration T. Wall Enterprises, LLC General Design Inspiration –Middleton Center T. Wall Enterprises, LLC General Design Inspiration –Middleton Center T. Wall Enterprises, LLC General Design Inspiration –Middleton Center QUESTIONS? THANK YOU