[0:00] light, we can start. I'll call the meeting to order. We'll do [0:06] a roll call and then uh pledge and then uh approve the meeting agenda and then we'll get to you guys right away. [0:19] Okay. [0:24] Well, good morning everybody. It is Thursday, July 24th, 2025. Don't forget they are dedicating the uh tranquility [0:32] garden at 5:00 today over at the Arnison Acres. Uh this is a call to order of the [0:38] housing and redevelopment authority of the city of Adina. We've got a special meeting this morning. We're going to be working and talking with some proposed [0:45] development uh opportunities over at the old public work site. Uh but [0:52] first um I'm going to ask as I call the meeting order ask our executive director and our city manager Scott Neil to call [0:59] the role. Thank you your honor. Commissioner Risser here. Commissioner Jackson here. [1:05] Commissioner Agnu here. Chair Huband here. Uh now is a pledge [1:11] allegiance to the flag of the United States of America to the republic for which it stands. One [1:18] nation under God, indivisible, with liberty and justice for all. [1:25] Thank you everyone. And uh we've got a form of meeting agenda in front of us. Is there anyone [1:30] who wishes to modify the meeting agenda? Uh is there a motion to approve the meeting agenda as published? So moved. [1:36] I second. Commissioner Agnu or Commissioner Agnu seconds. Commissioner Jackson moves the approval of the meeting agenda uh as [1:43] published. Any further discussion? All those in favor of adoption of the meeting agenda say I. I. I. opposed. Carried. The meeting agenda [1:49] is adopted. We're going to have a series of developer presentations this morning with respect to the potential use of the [1:56] property owned by the city over uh at 5146 Eden Avenue, the old public works [2:01] site, former public works site. And our first team is going to be starting here about right now. And I'm going to have [2:08] our uh uh our community development manager, director, Bill Nuendorf, [2:13] introduce them and start us off here with the uh assessment of all all of the [2:18] um RFP proposers. Yes. Good morning. I just wanted to do to do a very quick intro to set the [2:24] context for for our special meeting this morning. Uh over the past several months [2:29] uh we we issued an RFP, a request for proposal um to solicit interest from the [2:35] real estate development community uh in the area for the city's old public work site on Eden Avenue. So of that initial [2:41] list uh as a group, the H board narrowed the field and selected and invited five [2:48] different development teams to to learn more about. So we've invited each of those teams to join us this morning. uh [2:54] we've told them they have 30 minutes to present their proposal and to answer your questions. So the way we have that [3:01] structured is uh we expect a presentation about 15 minutes or so from the team. Um and that leaves about 15 [3:08] minutes for questions and answers uh from you. Um we're striving to to limit [3:14] it to 30 minutes because we've got the next team scheduled to be here in in in [3:19] 31 minutes. So, um, uh, it will be a a revolving door this morning of presenters coming in and out. Um, our [3:26] first team this morning, uh, in no particular order, they were selected at random just to to, um, to get the [3:32] schedule put together. Uh, but it's a team made up of Hemple, uh, Monarch, uh, [3:38] Jester Concepts, and Rooost Adviserss. And so, with that, I'll turn it over to the team, uh, to, uh, present their [3:44] their proposal and and have some, uh, discussion with you. Right. Very good. Thank you, Mr. Nundorf. [3:50] Mr. Cater, welcome. Good morning, Mayor Hland and and council members. Appreciate the opportunity to come up and talk to you. [3:55] I have some notes. I'll refer to them. I just was laughing this morning. My notes are very difficult to read. I was on an [4:00] airplane writing these last night and we had a lot of turbulence. So, uh bear with me a little bit here, but uh real [4:06] excited to be back in front of you on this site. Um we've assembled a team here that I I think I think um the real [4:13] u uh message here from our team is a number of principles here. I should step back. I'm the president of Hemple [4:20] Companies here, 800 Lasal Avenue. I'm a resident of West Dina. Um, our teammate, [4:25] our team here, uh, includes not only Hemple Companies, a local real estate firm, but Monarch Development Partners, [4:31] another local development company that specializes in for sale housing in the Twin Cities here. And then Jester [4:36] Concepts, um, if you're not familiar with them, they they they own and operate Starling Restaurant, Any Dina, [4:41] and a number of other restaurants in the Twin Cities. And um this team is comprised of principles [4:47] that have done thousands of units of for sale and for rent housing all over the Twin Cities. You can tell by looking at [4:53] me, I've been in the business for quite some time. U and I've I've literally developed probably 3,000 rental and for [4:59] sale uh units in in my tenure here in in the Twin Cities. Um this team again, [5:06] many of its principles live in in Western Adina. And um I think our our our initial reaction in responding to [5:12] this RFP is coming from a place of trying to help build this side of Edina out and create a neighborhood here, [5:18] something special. It's got all the makings of a neighborhood with retail surrounding it, walkability, uh good [5:25] access. Um there's some important things happening. You put a great I think a great roundabout and you I know Opus is [5:31] proceeding with the project across the street. So, it has the makings of um a truly mixeduse area that's walkable and [5:38] that excites us. Um we also have on our team Pete Castroski as an adviser to us, [5:43] a ROOS. He's also an eer resident and so I think have many collective years of experience both in housing uh in Dina [5:51] and um as local residents here. Um our [5:56] plan highlights we we have proposed 70 forale town home and condominiums here [6:02] and about 7,500 ft² of retail and um we in this particular case um we we we we [6:10] believe that the forale product really meets what the market wants. I think you've seen this has been a very [6:15] difficult time in the marketplace to deliver forale housing and Edina doesn't really have a lot of available land [6:21] left. So, we think this is a really good opportunity to provide either a step up for people trying to get into Edina in a [6:28] town home setting or maybe a step down out of a single family home and into something as a transitional a way to [6:34] stay in Edina um and and and turn over their single family home. [6:39] The retail here would be family oriented uh restaurant, which is a nice blend. There's there's a lack of uh quality [6:45] restaurants in Westy Dina anyways for the far Westy Dina residents. Um there's olives over on the far edge of Edina [6:52] here and and and hopefully and I know Brent will do something great here but hopefully we can have the chance to put [6:57] together something that's family oriented in this side of Edina as a complement to Hilltop which has done quite well through the years. [7:04] Uh we do plan to deliver 10% of our units uh to meet your inclusionary housing goal here. So that's seven units [7:10] out of the 70. Uh Carl Runk here who's the principal at Monarch will talk a little bit more about the the housing [7:16] plan. Um, as I said, we see ourselves uh working with you to create a small [7:22] neighborhood here that that uh is very desirable. I think it's a real opportunity. I'm a big fan of infill [7:27] development. I've been doing it throughout my career here in the Twin Cities. Um, I also want to make a point. [7:32] Uh, ownership here is is obviously owner occupied units. We think that's just a [7:37] completely different feel than renter a renter neighborhood. It it creates more ownership, a sense of belonging for [7:43] people. So, we're excited about the energy that owner occupied units would bring. And you'll you'll note on our [7:48] plan here, we get into the detail, we have really seven cluster buildings. Six of them are housing. And I want to just [7:54] talk a little bit in in my remaining time here about why. Um, first, first of all, that I was back on the site some [8:01] time ago with a different firm I ran for years looking at one large building. And this clustered approach allows us to [8:08] deliver higher quality units uh in more units uh as a percentage of the total [8:13] project. So imagine six buildings will have 24 corners versus one large building that would have four corners. [8:19] That means a lot more units get two sides of glass. And we think that's really important. Wouldn't be as important in a rental situation, but in [8:26] an ownership situation, people think about it. They their first home, they want something that isn't just a rental, [8:32] you know, basically feels like an apartment. So, it really feels different to have two sides of glass and your and [8:38] your ownership. It's very walkable this neighborhood where you can walk up to your front door as opposed to walking [8:43] one main door. So, it's more personalized with this cluster of buildings. A a second a second thing I [8:49] want to point out is there's a slope on this site and um our our concept works [8:55] with the slope um as opposed to having to try to amalgamate a a level grade and [9:01] have a monolithic single structure on the site. So, one of the most uh uh uh [9:07] exciting things about this and our plan for me was to be able to build something that will have a broken up roof line, [9:13] different looks, and um generally be of high interest. And that's what homeowners are looking for. Um if it was [9:19] delivered in one big format building, in our view, it would feel like a rental community. So, just creates more of a [9:25] neighborhood by by breaking that up. And I I would uh I definitely want to make the point it also makes it easier to [9:32] finance and phase than trying to deliver one large building. In today's environment with financing markets where [9:37] they're at, it's very hard to pre-ell 50 to 60 units to closure financing. So we [9:43] can build these projects one or two buildings at a time as we sell units up front and keep this project moving [9:49] along. Um, we have set aside green space in our plan and we have also avoided access [9:56] from Aadia Avenue. Um, I'm frequently uh run through Aadia Avenue to Hilltop for [10:02] breakfast in the morning. I I probably see many of you there from time to time and uh we we don't want to exacerbate [10:08] what will probably be an increasingly uh busy road there as other developments proceed. Um, back to the restaurant, [10:15] that's an integral part of of the community. It creates another amenity on site. Um it creates some some excitement [10:21] and a reason to be here and a way for people to walk to and from uh their their owner unit either to this [10:27] restaurant with Brent or across the street to Hilltop. He'll talk about that a little more. And last my last point [10:34] here before I turn this over is uh you know this team is does see ourselves being local working with the city here. [10:39] We're not a national developer coming in here to try to do it our way. We view this as a partnership trying to put [10:45] something together that works for the city as well. So I vow to you that we will be flexible, transparent partner [10:51] with you and uh work work with you to achieve your goals as well. So I'm going [10:56] to hand this off now to Carl Runk. Carl um is what I call a marvel at developing [11:02] forale town homes and condominiums. He's been doing many of these units in the in the western suburbs. He'll talk about [11:08] that. Um and uh with with that car would just step up and follow me. Thank you. Thank you, Mr. Scatter. Before uh Mr. [11:15] Runk starts, I just wanted to thank your whole team uh as I will with every other team for being interested in this site, [11:22] being interested in in in Edina as a potential development area. And I I [11:28] think, you know, it's it doesn't get lost in us that there's time and expense involved in all of these efforts on your [11:34] part. And here you are competing with several other companies, other groups um for potentially redevelopment of this [11:42] site. And we're greatly appreciative of everything that uh you all do to uh show [11:47] your interest in being here and your creativity uh in that in that regard. Thank you. Yeah, we're passionate about [11:54] this and we see the potential of the Grand View site to be seen to fruition here. Um again, I'm Carl Ron. I was [11:59] going to flip to slide here. [12:05] I'm just speaking about um my own experiences in the owner occupied um development space. Uh the most recent [12:12] project I I just opened six months ago is working really closely with the city of Excelsier to redevelop their city [12:18] hall and parking lot site in their downtown. And that's the middle image if you can see uh where there's row house. [12:25] It's broken into seven buildings, not one building with row homes um and then [12:30] uh apartment residences there in that case and public parking and green space. And so it really took the scale um down [12:37] to fit in with that historic context of Excelsier, which is similar to what I did on the picture right below that of [12:43] the town homes and and the where the North Loop historic district in downtown Minneapolis by the river uh several [12:49] years ago on that project called Maverick North Loop. And then uh condominium residences I have under construction right now in downtown [12:55] mound. You can see with that boat in front of it. Uh those are look like town homes but they're actually onele living [13:00] because there's a lot of people looking at uh one level lifestyle versus a two-le or threele. Um and then the the [13:07] 11 condo tower which was um uh built on the riverfront by the Guthrie Theater a few years ago uh was something I spent a [13:13] number of years on um to really understand the owner occupied housing space. Is that the city manager's boat [13:19] out next here right above there? [13:27] uh regarding our our site plan that Bill was highlighting. I'll just echo some of the themes in here that again we're [13:32] breaking this down and there's seven buildings proposed and it steps up with a dramatic change in the height [13:38] elevation starting with an activated corner with Brent's restaurant uh that really follows the guidelines of the [13:43] district seeking to activate this area and then two to threetory town homes that will line um Arcadia on that side [13:51] that are walkups. You know, you can picture walk up units. It's like brownstone type units. And then towards [13:56] the north side of the site, four-story condos with in between them a grand staircase and green space that connects [14:02] to the Grand View pathway and over to the Grand View garage and Jerry's and all the retail and restaurants around here. So, it's intended to be a village [14:10] and very walkable. Um, and there's a a driveway that separates from the railroad burm uh that brings residents [14:16] up from uh Eden uh to our motorc court for a gracious sense of arrival to the lobbies in each of these buildings uh [14:23] for residents. Um, so we're still early in our process in terms of the exact floor plans and the exact unit sizes and [14:30] types, but we are picturing a variety here that'll attract einer residents seeking to downsize into either uh into [14:36] a town home as a step from a house or condos if they want one level living. Um, so we we think we're appealing to a [14:43] wide variety here. Um, you know, in terms of design, we're [14:49] not into that yet. So, if we're selected, we'll work with you and work with the market and realtors in Dina here to what exactly the taste and [14:56] preferences are for these finishes and floor plans to build to today's standards. Um, and then like the [15:01] president examples you see are more of a modern amenity, modern uh aesthetic, and that might be the direction we take it, [15:06] but it's too early to tell yet in terms of but open floor plans, oversized windows, there's a lot of things that [15:12] we'll take into consideration here for maximizing daylight and quality of life for residents here. [15:17] Uh with that, I'll turn it over to uh Brent Frederick here. Could on the housing, could you just comment quickly on how you accommodate [15:23] the parking with the um Yes, good point. Mayor, uh there's a parking uh deck proposed with this the [15:30] slope of the site. It it lends itself to having a parking deck that's one level [15:35] with the homes and green spaces above that. So, we're picturing private GR. You drive into these little driveways. [15:41] You can see there on the left side where the driveway is, the main driveway into private garages. And something I've done [15:47] in my projects, all my condo projects and town projects is even if it's a a public garage, it feels like like a [15:53] concrete garage, you have private twotory, two-stall garagees you go into as a homeowner. So, we're picturing that [15:59] that you're driving into this and you drive into your personal garage and then upstairs to your unit or into the elevator to get to your unit in that [16:05] case. But that preserves a lot of green space on that that first floor. And that first floor really ties out with Arcadia [16:12] Avenue more in terms of the elevation changes on the site is what we have in mind right now. And there'd be tandem garages. [16:18] Uh not tandem, no sidebyside stalls. Um in terms of um Well, each unit would have two garages. [16:23] Each unit would have two stalls. Yeah. That the market requirement um is two stalls per unit for this type of product [16:30] in that case. So that's what we would want to seek to deliver here with each town home and each condo. Does each one of those then require a curb cut onto [16:37] Arcadia? Uh, no. We're proposing zero curb cuts on Arcadia. We're proposing that everyone enters off of a new uh a curb [16:43] cut that's off of Eden Avenue there. Uh, that's next to the railroad burm that you're driving up next to the [16:49] railroad burm and entering into the different resident entrance points that Okay. Thank you. [16:56] Thank you. I'll turn to Brent. [17:02] Okay. I am happy to be quick. Uh good morning everyone. My name is Brent Frederick uh owner of uh Gesture [17:09] Concepts. We own about seven uh different locations throughout Minneapolis Dina and Excelsier. Um we [17:18] are proposing uh a restaurant site here that um [17:24] has a nice patio. Uh it has uh access to the public green space. Um, while the [17:30] patio might show kind of that south east, uh, southeast plan, I think [17:35] there's potential to flip it more towards the the public space. Um, as you may or may not know, uh, we were [17:41] initially chosen for, uh, the original uh, proposal of the site. We were in the [17:46] middle of the site doing the restaurant pad. We had a lot of activation for the public space plan, programming for that. [17:54] That still continues. Um, we believe strongly in a in a in a green space, a [17:59] public space as well. Um, we believe that we have the parking as well to support this restaurant as well as maybe [18:07] somebody who wants to come walk their dog in that public space too. Um, we also envision um kind of a multiconcept [18:16] uh restaurant site while predominantly I think most of the square footage will be taken up as a family restaurant. concept [18:22] still to to be determined, but it'll be approachable and it'll be family friendly. Um, but I think we also see a [18:28] graband- go component here. Maybe a smaller kind of a square square footage, [18:33] maybe uh maybe more of a bakery, maybe a a coffee pastry spot. Um something for [18:39] not just the residents in the area, but anyone in Dina to park, grab a pastry. [18:44] We feel like this site is really walkable and you can walk within as long as you're not walking on people's, you [18:49] know, private property. But, um, there is this kind of navigation throughout the space that was that existed in the [18:56] old plan as well. So, I think there were some elements we tried to incorporate from the old plan that um that most of [19:01] you really enjoyed um on the on the old site and the old plan. We we incorporated them here. So, um I will [19:10] answer any questions if you have them. Thanks, Mr. Frederick questions from Mr. Frederick at this point in time. [19:17] Yes, Commissioner. Um, yes. Thank you. Thank you all for uh this proposal. It's very interesting [19:23] with the restaurant. Um, one of the things that we hear quite frequently is there's no place for teenagers to go. [19:28] When you say familyfriendly, is that something that would you have some things at a price point where teens could go after a football game or if [19:35] they want to go out in the afternoon? Yeah. Um, I have two kids at OG and one at Benild. So they they were influential [19:43] in in speaking with me about this project a little bit. Um they they go to [19:48] Jerry's quite a bit. They just walk up the hill and they're like, "Dad, can you build something just right there?" I'm [19:53] like, "I'm sure we can incorporate something." So the family friendly will be truly familyfriendly. It'll be very approachable. Um I think we'd like it to [20:00] be open at least lunch through dinner and brunch, maybe breakfast. Um we'll [20:07] we'll just kind of see how that goes. But um we're flexible at this time on what that concept would be. So yeah, [20:15] thanks. Okay. Anyone else that you want to [20:21] Yeah, I've got some I check with him if he has any other presenters. [20:28] Your honor, we're running about uh we've got about 10 minutes left. Okay, good. [20:33] Hi, I'm Pete Gastroski. Um I'm the co-founder of Brokos Adviserss. I've been doing commercial real estate [20:39] advisory work here in the Twin Cities for almost 20 years. Uh born and raised in Edina. Now I'm raising four little [20:44] girls about a mile and a half from this site. I've worked with everybody on this team for a long period of time. Helped [20:49] Brent originally with the original uh Jester concept at the previous site as [20:55] well. Um, so just wanted to say our excitement for this site, how much it [21:00] means to us and our community in particular that this is something that we look at, most of us here being a diner residents is a place that we want [21:06] to make sure is right for a long-term success of the project as a whole. And I think our team with everyone's [21:12] background is is uh extremely well positioned to make sure that we're partnering with you and delivering what [21:17] the city of Vana actually wants and needs because it's directly affecting all of us as well too. So, I'll answer [21:23] any other questions as well. Otherwise, as a team, we can address any things that come up. Yeah. Thanks, Mr. Kstroski. Stand by. I [21:30] think we'll probably have some questions. Uh, Commissioner Agnu, thank you. And thank you all for the [21:35] presentation this morning. Um, my question is is more so when looking at the overall site, um, you talked about [21:41] kind of being able to go building by building to phase into it. if you could walk through like which ones you would [21:48] start with and then as you're kind of tackling that approach, how would you pivot or what would you think about as [21:55] potentially a plan B if you know maybe the first three of the buildings get [22:00] financed and purchased and and market changes pivot? Those are great questions. Uh [22:06] Commissioner Agnu, um you know, my quick reaction to that is the site probably breaks up into two develop kind of [22:13] development pieces. the southern half with the restaurant and then the northern half. Um, so I think a pivot [22:19] could be something that's unique to and I I don't know if you can see where I point here, but I I really think the [22:26] first three residential buildings in the restaurant want to be developed as close as possible to the same time and those [22:32] may be second or first. So I think we just have to get into those details. And then the north half of the site up [22:38] against uh the walkway um that's an important connection. Um, so there's an argument to start there first. Um, so [22:45] but short answer, it is going to probably be in phasing, probably two phases, and I'm not quite sure which [22:51] phase goes first yet. Yeah. As a segue on that um question. [22:59] Uh, let's talk a little bit about the um the financing the project summary. Uh, one of your pages. Uh, on your initial [23:06] proposal, you had said that the total land purchase price would be 4 million. I'm assuming I'm assuming you're not [23:12] thinking the city or the H would be paid in phases. It would be something that you would take down, purchase, and then [23:19] you'd develop it uh as you described to Commissioner Agno. That's our intent. Yes. [23:25] Okay. And you won't you wouldn't need any public financing to make this? We've not asked for any. [23:30] Right. Uh Commissioner Risser, I just have one question, but first I [23:36] want to point out what I really like. I love that there is no driveway off of [23:41] Arcadia since it's such a steep slope and that was a big concern. So, thank you for just having one driveway. Um, I [23:50] really appreciate the logic of having that along the railway. I think that makes so much sense. Really like the [23:56] four units. Um, I think that is so important and something that we need. [24:02] Uh, when I first looked at the stairway going up, I love that connection connection. Um, part of me was thinking [24:08] about all the slopy pathways that the original thing had. Um, and but the the [24:14] reality is that pathway across the pedestrian bridge only takes you to the [24:19] upper deck of the Jerry's parking ramp. And you know, you can't really exit that [24:25] space if you're pushing a stroller or so. I there's something very [24:30] honest about that, I think. And it sort of tees things up like you need to be able to go upstairs. Um, [24:37] there's a lot that I really appreciate. I think the restaurant on the corner makes a lot of sense. I can see, you [24:43] know, kids going there before school, after whatever, depending on how it's [24:48] open. The one question that I had is that in our initial sheet, it said time to close was one to two years. And then [24:54] as I look at the information I'm getting today, a different chart said one to three years. And I'm thinking, does that [25:01] just reflect kind of all the stuff going on now? [25:06] Three years would be far too long. Um, you know, we'll uh Mayor Hufflin said this really well. We'll have costs. Uh, [25:12] we call them pursuit costs in our business, putting plans together and advancing through the city process. I we [25:18] don't want to pretend that we can move this quickly through the city process. I think it'll take some time to make this [25:23] look and feel the way you want it all to feel. you own the site. So, um you're the significant stakeholder here as the [25:29] land owner. Um so, I think that's probably the better part of six to nine months in that process. Could go a [25:35] little longer with neighborhood meetings and such and then I think after that the project should start. So, I would say [25:41] three years would at least would would encompass at least the first phase being built and completed. [25:47] Great. And I thought I heard that there were um opportunities for single floor [25:52] living. Did I hear that correctly? That's that's right. We thought a variety of of home types was important [25:57] here. So the condominiums on the north side, you see those two buildings are one level single level condominium units [26:03] for sale. The town home units are two to three story vertical units in that way of multi-level living like other new [26:09] homes on have been built around. And then one last comment. I I feel like you're really [26:15] appreciating the site for what it is and it is a very complicated site. I also feel like so often we get designs coming [26:21] to us that appear to be in a bubble and don't acknowledge what's around it. And this really feels like it developed in a [26:28] way that was informed by the context. So, thank you for that. Yeah, thank you. That was our our [26:34] thinking on that. And I think it's fair to say it took us some time to get to that conclusion. Yeah, [26:39] we we went through about six plans to get to something that we all felt good about. Well, thank you, [26:45] Mr. Jackson. Yes, thank you. So, I want to kind of follow off that. So, with the condominiums, [26:50] um, I'm concerned about the slope. You know, it's a funny site and right now there's a big hole in the ground. So, [26:56] with the condominiums, will the parking be underneath so that you don't have to haul in a lot of earth to to get it up [27:02] to that walkway? Correct. Yeah. There with a 38 ft difference uh from the southside, north side, there's a lot of elevation to work [27:07] with to build the parking with what's with a hole today and then go vertical from there for the condominium units. And we do have in mind having walk out [27:14] units to the Grand View pathway with terrace and steps. So those residents who like that, you want to have dogs or [27:20] pets, they can walk right out to Grand View from their unit. Is there idea on the condominiums on the north side? Okay, terrific. And then a question I'm [27:27] going to ask everybody, do you have a um estimate of how much permeable surface is here? [27:33] Uh at this time, uh Terry Manar, who's our landscape architect and planner, uh we haven't calculated that, but um [27:39] there's not as much hard surface here because of putting the parking underground beneath the town homes and putting the green spaces above the [27:45] sidewalks. So, it really emphasizes, as you can see, a lot of green and landscaping in that case, but we'll we could follow up as if we're selected to [27:51] tell you exactly the permeable versus impermeable. Well, I'm glad you considered it. Um, and I'm going to ask everybody that same [27:58] question. So, all right. Thank you very much. Other questions from Yes, Commissioner [28:04] Agnu. Back to you. One clarification just because of like the iconic picture you have here. All [28:12] resident parking is tucked underneath without the ability to see kind of those individual garages. And the only like [28:19] real surface parking or visible parking is probably visitor parking that I'm [28:25] seeing up in the north west. Well, no, I'm all misoriented, but and then the [28:30] the restaurant parking. Is that correct? Yeah, that that's correct by design. We [28:35] we thought this is a better plan that you're not seeing, you know, lots of garages that you're you're seeing uh resident, you know, a gracious sense of [28:42] arrival to the motor court with resident guest parking right there. Yeah, definitely my preference. So, I [28:47] appreciate that element. Thank you. Yeah, Commissioner, go ahead, Commissioner Jackson. [28:52] Yes, thank you. So, one of our goals is sustainability. Tell me what um what you [28:58] might incorporate um geothermal or any kind of specific um environmental [29:04] um that's a goal of ours. It's too early yet, but you know, you know, energy efficient building systems and native landscaping species and storm water [29:11] management strategies. There's a lot of strategies that we'll consider. It's just too early yet for us to tell you exactly Yeah. what we're thinking. [29:17] Terrific. Thank you. Will that 10% uh mix uh for for [29:22] affordability be both town houses and condominiums or Yes. Yeah, that's our proposals. That's [29:28] within the town homes. Um there would be the 10% of the units and then within the condominiums 10% as well. [29:35] Okay. All right. Uh and then uh I like this, you know, that kind of common [29:41] drive value used along your railroad tracks. I think that's a nice way to get some separation from the from the from [29:47] the track. That is a consideration of ours that tracks being used more and you know acoustics and you know Wisetta has a [29:53] train track going right through the town. you might know of lots of condominiums have been um built and sold there and so we're taking that into [29:59] consideration here as well and trying to buffer these residents from the railroad there. [30:05] Yes. One place you can see some of the creativity you've had in the past, Mr. Runk, is down at the down at the 11 [30:11] where you worked. It's a it's not an easy site to work with either, but you put quite a remarkable building up [30:17] there. Thank you. Yeah. Might space. Um [30:22] so another thing that uh you know my colleagues have talked about some of the things I like about it this whole notion [30:30] of uh creating kind of a um neighborhood feel and I think one of you described it as a village is where you ended up with [30:36] from a concept standpoint. I wonder if you might comment on that that a little bit more. [30:42] Well, I I think the village comes from uh first of all um everybody having a direct entrance into their building, so [30:48] it's more personalized. I think it also uh Mayor Hlin is from having owner [30:53] occupants here. I I just it'll be it'll just feel differently. The the other thing, and I I'm I'm sort of speculating [31:00] on this, but I believe we're going to get firsttime home buyers. I if you look at the world we're in, it's very hard for people to get into their first home [31:07] now. And so, um, without saying this is affordable housing, the market rate [31:12] units, it kind of is a way of delivering something more affordable to first-time home buyers, I think you're seeing more [31:18] town home development across the metro to to provide that first ownership to to [31:23] people. I also think it's a good transition for people. I mean, my wife and I are empty nesters in three years. [31:28] We have a girl finishing up at Edina, and I I can't imagine we'd move into one big building with 150 units. Um, I think [31:36] we would move into a town home and our preference is of course to stay in Edina. And so I think we're also [31:42] providing some generational uh housing for folks that that want to stay in the community, be a part of the community, [31:47] but but but don't want the uh, you know, big single family home anymore, don't need it, right? So that creates a [31:54] village. Just having a different age demographic, I think, also creates an a point of interest in any neighborhood. [32:00] Right. Mr. Chair, we are out of time. Okay. I had one more question, but that's that's [32:06] fine. We would encourage you to um if if we're selected to tour, you know, projects um that we've done, you know, around the [32:12] metro as examples that for this site and the the what we did there. So, thank you again. [32:18] Yeah. Thanks, Mr. Runk. Have a good day. Thanks, Mr. K. Frederick, it was good to [32:24] see you. Mr. Kstroski, good to see you. [33:08] Our [33:25] next presenter just arrived and we'll be here in just a moment. All right. [33:56] all times. I must have missed the one if you'd really want to. Exact. [34:17] Somebody else riving you for here. [34:39] As we transition, it'll be um we have everybody's scheduled, so there might be a little bit of a few moments of [34:45] downtime. Um our next team is Opus Development Group. Um their uh their [34:52] proposal will be presented in just a moment and I don't want to steal any of their thunder. Um uh but uh uh Nick is [34:59] here this morning with his team. Their architect is also going to uh is also going to join. And actually we're [35:06] running about two minutes ahead of schedule. So um [35:12] we'll let the team kick off, introduce themselves. As with all teams, um we have about a we have 30 minute time slot [35:19] for you. Sure. We're uh anticipating about 15 minutes for your presentation to learn more about you and your [35:24] proposal and that leaves about 15 minutes for question and answer uh and discussion amongst uh the H board uh for [35:31] you uh about your proposal. Perfect. So um Mr. Neil is our timekeeper. Um if [35:37] you see him uh giving you the side eye or a big sign uh that means that you're getting very close to your time limit [35:43] and your presentation is preloaded for you and uh we're looking forward to learning more. Best of uh Podium mic, whichever one you [35:50] prefer. Yeah. Yeah. Right. And Mr. Neil will not be bashful about giving you a head. [35:55] I'll keep an eye out over here. Uh well, good morning. Great to see you all. Good to see you, Mr. [36:01] Nick Mahan with Opus. Great to be back here. Uh I've got Jay Fornier with Opus as well uh here. And we do have one more [36:08] coming. Bob Loken from ESG. Apologies that he's a few minutes late. Uh you'll recognize Bob. Uh he was part of our [36:13] team as well for uh the Arcadia building across the street. So, um, we're going to dive into our concept here, uh, [36:20] rather quickly, but, um, won't spend a ton of time. You guys are familiar with our team, um, the Opus and ESG team. [36:26] Everybody on our team had, uh, some involvement in either the apartment building or the office building across [36:31] the street. So, we're obviously very intimately familiar with the area, uh, understand the small area plan and some [36:37] of the vision of, uh, the residents of the council of, um, planning commission. [36:42] So, I think we um looked at it from that light and said, you know, what could we do on this site that really enhances um [36:49] the streetscape, enhances the neighborhood, and and is something that's really a need in this area. So, [36:55] um with that, we'll just kind of jump in and uh Jay, feel free to jump in at any time as well. Um complicated site as you [37:02] all know. Um we've got some grade challenges from kind of uh north to south and um ultimately when we looked [37:09] at it we felt that creating this neighborhood vibe within uh this Grand [37:14] View district was really important. We know that now we've got an established office building across the street that's [37:19] going to be going in. We've got um Avdor uh to the west and it felt like how [37:24] could we look at some options of housing on the site that uh had some density but [37:30] wasn't too overly dense and really felt like a neighborhood feel. So we really looked at optimizing uh the grade as [37:36] best as we could. Uh the challenges of the um the grade and the the new walkway to the north um and just how much we [37:43] drop from north to south. we started looking at it and saying how can we maximize access to the site parking as [37:49] well as um different types of housing uses. So, as you'll kind of see in in these um plans, and I'll let maybe Jay [37:57] talk a little bit from an architectural standpoint, we really wanted to uh control the massing as much as we could [38:02] that we felt was appropriate with what's going on in the area. So, you'll see different levels stepping down um [38:08] twostory uh spaces, but the majority of the site, if you want to just jump back to the site plan. Oh, that's a good one. [38:14] that one works. Um, majority of the site is is focused on different uh levels of density of housing. So, I'll call it the [38:21] south twothirds of the site. Um, ultimately, um, you'll see is kind of, uh, bifurcated by the drive aisle there. [38:28] Everything south of that is, um, different levels of housing, different, [38:33] uh, types of housing that really, I think, complement each other well and try to create this neighborhood feel. We we know that along Arcadia we want the [38:40] wider sidewalks, the heavy landscaping, the kind of boulevardesque um approach. So that's how we looked at [38:47] the south twothirds. I'll let Jay talk a little bit about that. And then on the north side, maybe we'll talk about the [38:53] housing first and we can come back to that. But on the north side of the site, we uh we looked at maintaining a uh a [39:00] large green space uh as well as a retail restaurant component. So, we'll touch on [39:05] that second, but I'll let Jay and Bob, uh, you're all familiar with Bob Loken from ESG as well. Um, I'll let them talk [39:12] a little bit more about the architecture on the site. Yeah, thanks, Mr. Man. I I forgot to do something at the very beginning, and [39:18] that was to thank all of you for being interested in this site. You know, we're all excited about the new headquarters [39:24] for Opus Across the Street and know that'll be starting soon, and we're interested in seeing how that interacts [39:29] with the bridge work and the movements around the area. But nonetheless, we're really happy to have you there from a corporate headquarters [39:36] standpoint and and your long kind of association with ownership and other [39:42] families in Edina. But but special thanks to you for being interested in this site as well and and taking the [39:49] time and and and absorbing the expense that you did to make a presentation and compete with others for uh the work to [39:57] be done on this 3.3 acre site. So, thanks for that. Yeah, thank you very much. We're very excited as well about uh both this [40:02] project and the project across the street and look forward to kind of diving into that more. So, thank you. Appreciate it. Thank you. [40:09] Yeah. Thank you. I think I'm going to touch real quickly on we know that as as Nick touched on the the importance of [40:15] the Grand View framework plan and how that carries through in the the multiple years that the city has been working to [40:21] really grow this in a methodical and way that really delivers for what the city's interests are. And so a lot of things [40:28] that Nick was touching on that we wanted to reinforce with the site plan aspects were utilizing the Grand View garage and [40:35] the new pedestrian link over um from a parking standpoint. The on the north [40:40] pushing that retail commercial opportunity to the north end of the site where you can kind of see the arc here [40:46] um if that's a a building or a private park or whatever that might turn into. Um, but really activating that more [40:52] commercial feel closer to Hilltop, closer up to the Grand View retail commerce area. And then the prominade [40:58] going down Arcadia. We know we want a wide street, walkable, bikable really make this somewhere that invites all of [41:04] our neighbors into this area and really doesn't push them away. And the scaling of the buildings are supporting that. [41:10] And then again, the the neighborhoods within it. So we have kind of that commercial node on the north. We have that kind of central green between the [41:16] town home row homes here in the middle of the lot. And then as you get down to the south end, a little bit more density, a little bit more kind of [41:23] urbanization that'll match kind of the density of the new headquarter building across the road. I'll let Bob maybe [41:28] touch on the architecture and then we can take some questions. All right. Thank you. Great. Thanks for having us. I'd also [41:35] like to thank the the council and the mayor and Bill for creating this unique [41:40] brief. It's it's fun as an architect. Often the brief we get is um please put [41:46] as much density as possible within some certain height limit and you end up with a very blunt blocky building. Knowing [41:53] that that wasn't really the case here, it was it was refreshing to be able to to sort of look at this with new eyes [42:00] and and really create some some interesting architecture and provide some some really rare um almost missing [42:07] metal um housing types. So, the thing that we really appreciated about um [42:13] about this brief was um you know the the um the emphasis on different different [42:20] heights of buildings, different styles of buildings. And we tried to embrace that everywhere from um a multi-story [42:27] apartment building that's that's a little more um conventional to town homes with detached garages, um walk up [42:35] flats with tuck under garages. um just a lot of a lot of variety. And and the [42:41] other thing that we really had fun with was just um changing the the you know varying the top of the architecture um [42:48] to provide something that looks it looks a little bit more accretive like it might have been designed or built over [42:54] time rather than rather than one giant development that was just sort of landed like a UFO. Um and then embracing the [43:02] Grand View um development framework. We really focused on trying to activate those street frontages even though um [43:09] the the majority of the street frontage is primarily housing. What we tried to do was put as many doors on the street [43:15] as possible with um with outdoor stoops and patios, ways for to to really [43:20] enliven that street and try to make it into a neighborhood. Um and then obviously the the the kind of the [43:27] mystery object here is the is that north portion of the site, the the that commercial area. Um, and we've got we've [43:35] got broad vision for that, but I think we'd really love to hear more from from [43:41] this body what what your aspirations are. I think I think the the inspiration for us was knowing um the ambitions that [43:49] the city has had for this site over time. Like that site has always been earmarked as a as a public uh site. Um, [43:57] and so what we tried to do was knowing that the knowing that the city was more interested in a in a private uh [44:04] development there, what we tried to do was envision um a commercial space that [44:09] could also serve some of those civic goals like gathering um for a variety of [44:15] different groups and ages and income levels. And the thing that we kept hitting on was um [44:22] recreation, whether that be sort of light recreation from, you know, botchi ball or or bags, maybe even to um [44:30] something a little bit more more physical um and and outdoor focused. So [44:36] that was the vision for that. Thank you. [44:43] Excuse me. I think the only thing I'd add uh to Bob's uh notes on the north is that um you know at the highest level I [44:49] think the idea is some sort of restaurant, some sort of uh component that um has that indooroutdoor feel and [44:57] these are really representative images that we felt could represent something unique and something different that uh [45:02] really takes advantage of some of that private green space that also serves the public. So how can we look at what that [45:08] ultimate use is that um that kind of caters to both of those needs. So these are some repres representative images of [45:15] other projects that we've seen done very well and I think it it it shows just how you can kind of have both the public or [45:21] um public using the space but also having that private user there as well. So [45:28] and then this just gets a little bit deeper into uh showing some of the density on the site as well. Also, Bob talked a lot about the different um [45:34] housing uses, and I think that's something that we're really excited about is instead of just throwing one building on there that just kind of is [45:40] is a typical apartment building, this really gives you an opportunity to break it up and to have a lot of different [45:46] offerings for the neighborhood. So, you've got more of the traditional building to the south, some of the town homes and flats, uh the tuck under [45:52] garages. I think it's a really unique way to look at stepping down. Uh, as you all know with the grade challenges, we [45:58] uh really tried to focus on how could it how could it feel like it really fit in the site and and was meant to be there [46:04] as opposed to um just a building that kind of built into the grade. This I think does a really nice job of stepping [46:09] down. And then I think this image on the top just kind of shows a really rough idea of of that north parcel and how you [46:15] could possibly look at it. That that can be very flexible. And I think that's what's exciting for us is just seeing what the market dictates knowing that um [46:23] you don't want to force it. You want something that that the market wants to see. So we show the building there. That [46:28] building could grow. It could shrink. It could change shape. It could it could move east west. Um I think the [46:34] flexibility is really important for that to be successful. I think that is our last one unless we [46:41] have anything else. Happy to answer any question. Let me turn to my colleagues. But uh let me ask you one quick question. when you [46:47] when you made your initial submission and um uh you you had a price point for [46:53] the value of the property, the value of the land, I think was looking back in my m materials, it was 2.25 million, I [47:00] think. Is that is that where you're still sit on that? Um yeah, I think ultimately the density [47:05] would drive that. That's that's where we felt was uh close to market. Um again, the lower density. Um open to discussing [47:12] that in more detail as well, but that's that's where we drove to with some of the density that we're showing here today. It would be traditional financing [47:18] that you would you would take care of. You're you're not looking for any public assistance. Uh no. Um the the the north portion was [47:28] one that we were curious about and hearing more about the private aspect of it and you know some of the parking involved with that. Um we we'd [47:35] possibly open up that conversation if we had heard that hey this really wants to be more of a public park or you know [47:41] something like that. If it's truly private, um, we would we would obviously work to understand what that looks like, [47:46] how we maintain that park. Um, but we did not assume that in our underwriting or or in your price point. [47:52] Or in our price point. Yeah. Okay. That's helpful. Thanks. Let me turn to my colleague uh, council member or commissioner Jackson. [47:59] Yes. Thank you, Mr. Chair. So um I'm going to ask first the questions that I'm going to ask everybody and that is [48:05] um approximately how much permeable surface is this as a percentage of the site are we looking at? Oh and thank you [48:13] first of all thank you very much for the presentation. Welcome uh I think we didn't even calculate that [48:18] necessarily um with this sort of quick burn exercise. If I had to guess I would [48:23] guess that maybe more than half is is permeable. Okay terrific that and that's fine. And [48:29] I know this is really at the beginning. Um and then the other question is how are you going to um incorporate do you [48:35] plan to incorporate sustainability aspects into this development? [48:40] Yeah, of course. I mean um there's a lot of the the fact that the buildings don't occupy the entire footprint allows some [48:47] unique sustainable uh aspects that that a more dense project wouldn't. like the that open field could allow for um for [48:55] some geothermal wells. Um that you know geothermal wells had been becoming more [49:02] and more viable until recently but who knows the pendulum may swing again and [49:07] they may become more viable. The technology is getting better and better. It's it's just a matter of tax incentives. And then obviously um uh [49:15] rooftop PV every I think everything we've designed with Opus is is at least um PV ready if not um having having PV. [49:25] Thank you. And then the when we initially looked at this um the big [49:30] stumbling block for me in moving it forward was that it is all rental. Can you talk about whether um this could be [49:38] um a rentto- own situation or in the future making it an ownership opportunity? [49:44] Sure. Um and we we had had some conversations with Bill about that as well. Um we are looking at what those [49:51] options look like for either a ownership option at the very beginning or to your [49:57] uh to your comment uh possible conversion down the road. And and a big port part of that would be which [50:03] portions and which buildings are um a type a concrete construction versus [50:08] wood. That's usually an important uh piece to conversion in the future is that it's difficult to convert wood to [50:16] condos in the future. So looking at whether that's the buildings on the south facing OLG or maybe one of the one [50:23] or both of the more town home and lofts, not the primary larger building, but the the the two kind of in the middle of the [50:30] site. Um looking at concrete construction for those, which I I think uh really lends itself well to that row [50:37] home, town home feel anyway. Um you know, you get maybe two, three levels or a two level with a tuck under garage. Um [50:44] so we're we're certainly open to it. um on the on either the front end or uh [50:49] long-term conversion. Uh the the rent to own is probably not something that um [50:54] that would work with traditional financing. Um but it's something that we would certainly look into. It's probably [50:59] one or the other for us of ownership upfront or possible conversion in the future. Okay. But it's certainly something [51:05] you're open to. We're open to it. Um yes. Yes. Okay. Yeah. All right. Thank you. [51:12] Uh Commissioner and Commissioner Risser. Thank you. and thank you also for the presentation. Um, the one thing that I [51:21] also really liked is kind of a little bit of the the scaled back from a density perspective. So having the town houses, the row houses, I I think that [51:27] that's a really nice element and at the same time based on the presentation today, it feels like all [51:35] housing, right? And I know that you're still kind of thinking through how to do that activation on the on the top side [51:40] of it. And I think that that's going to be a really really important component. I'm also curious if there's any [51:47] opportunity through the building structure that's already defined here to [51:52] have something that's even like maybe a two of those row houses on the first floor. There's a a small bakery or [52:00] coffee shop or something to bring in more activation throughout the site for the community. or are you really [52:07] envisioning housing because you have excuse me across the street some of those other elements? Just talk to me [52:13] about that. Yeah, it's a good question. We talked a lot about how to incorporate more commercial and in some ways and and just [52:20] candidly the um the parking is probably the biggest challenge. Um a lot of the [52:25] uses you're talking about um typically require that head-in kind of parking. You know, somebody wants to park [52:31] quickly, grab their coffee and go. And as much as um as much as we wanted to try to incorporate that, it was [52:36] difficult on Eden and Arcadia because we really looked at that hard corner and said, "Is there something we can do here?" And ultimately, it kind of drove [52:42] that commercial to the north. And we ultimately landed on that. It felt like having that commercial at the north felt [52:48] like the right area as you transition from OOLG and you transition up into what's already a commercial district. [52:54] Possibly an opportunity for some shorter term head-end parking up there. Um you know, a handful of stalls as opposed. [53:00] But um I think the challenge with more traditional retail is that parking access um and just getting people there. [53:08] If if there's nowhere to park, you can't park on Eden, might not be able to park on Arcadia in the future. Where do you [53:13] where do you go? Because the the walk from the ramps a long way. Um so I think ultimately driving that to the north is [53:20] where we landed. And and ultimately that could be more than one user at the north as well. You could have, you know, a [53:26] building that you know, say it ends up being seven 8,000 square feet. You may have a coffee shop that takes 2,000 and [53:32] a restaurant that takes five or or something in that mix that um I think would be great for the for the area and [53:37] for the neighborhood, but I think in our in our mind it really want does want to be on the north end. [53:43] Thank you, Mr. Richer. Um I do want to point out a couple [53:49] things that I really like. I like the central green for the town homes and I think that creates a nice community [53:55] space. Um and I had initially when I saw the plan and it's like future [54:01] development I was sort of frustrated but um I do know and I tried to find the [54:09] place where this happens but there are cities in Europe that specifically set [54:15] aside land for future development and I think that is really brilliant you know [54:21] and so I've kind of flipped around on that a little bit. I see the logic of [54:26] putting the commercial in the northern area. Um, so that makes sense to me and [54:32] I just wanted to acknowledge that I do see, you know, rationale and logic to [54:38] not having that completely all buttoned up and everything. That's all I have. [54:45] Thank you. Um, looking at that initial proposal yours, you had uh some breakdown. I think you [54:53] had um 10% affordable on the rentals and then 6% attainable. Is that still where [55:00] you are? Yes. On that? Y. Okay. Okay. Um [55:06] and then just to be clear on the north end, you're open to some combination of public and private use, but that [55:13] wouldn't affect your pricing valuation at 2.25 private. Uh that that's accurate. I think the [55:20] biggest question just is how does that space get used? And if it does become a much more public space, um, you know, [55:26] how do we how do we build that out in a way that we're able to have a financially successful project? And [55:31] that's where possibly, you know, is it tiff or whatever it is that if it became a truly public space, you know, [55:38] especially just the size of that space, that's something that we'd want to be able to talk about. But we are open to to many uses. And I think uh to uh [55:44] Commissioner Risser Risser's comment um identifying what it could be, having some really fun cool ideas, but calling [55:52] it future because we really want to see what the market dictates so that we don't end up with that empty building that just sits there and we miss the [55:58] mark, you know. I think that's really important. Yeah, makes sense. We understand that. Uh on the complimentary side too, I [56:04] would say uh good scale. Thank you, Mr. Architect. Good scale on [56:10] both Eden and Arcadia. I thought uh recognition of the railroad tracks uh was handled in an interesting way. Uh a [56:17] good trail connection through the site um reasonable amount of density. I think [56:23] that's one of the things that we're all sensitive to. You know, we we uh [56:28] understand what you're usually asked to do and uh those are some of the things that I [56:34] thought were really good about it. It was overall really solid plan and we got we got kind of five different views of [56:42] the world here that we chose to kind of drill down on a little bit deeper and uh [56:47] and so we thank you for your view of what you see for this site and uh it [56:52] creates a lot of good thinking to be done on our need for a lot of good thinking to be done on our part about [56:57] what direction we want to go. So thanks for that and we look forward to seeing you start across the street. [57:04] Wonderful. Anybody have anything else? Okay, good. Thank you for the appreciate it. [57:09] Thanks for everything. [57:21] We'll take a brief pause and I'll prepare the next team. Okay. [1:05:00] Go ahead. All right. We are we are back. Uh we've have our third team this morning. Uh [1:05:05] Noir Companies, Wellington Management, uh and Collage Architecture. So with [1:05:12] that, I will turn it over to the team. Uh they have just as with the other ones uh we have a we have 30 minutes [1:05:18] scheduled. We've asked him to present for about 15 minutes. Um uh Mr. Neil's [1:05:23] our timekeeper. So if he gives you the side eye or the glance that means that you're at your 15 minutes. Um uh and [1:05:29] then we've allocated about an additional 15 minutes for conversation, question and answer um and discussion um so that [1:05:37] our H board can be fully informed as they make their decision. And so with that, I invite you to uh well, number [1:05:43] one, I welcome you and invite you to make your presentation. [1:05:50] Good morning. Before you all uh start, I just wanted to thank you for participating in this process. It's uh [1:05:57] it's time consumptive and expensive for you. Uh and then you're, you know, it's not a normal sort of development [1:06:03] situation where here you're competing with other companies for this potential work. And um and we just want you to [1:06:10] know how much we appreciate uh that continuing interest and that willing willingness to commit those that time [1:06:16] and resources to this possible endeavor here as we go about this process of [1:06:22] trying to figure out uh with these five distinctly different proposals all of which are are very well done uh who we [1:06:28] might end up working with. So right off the bat I want you to know how much we appreciate your interest in this matter. [1:06:34] So thank you and welcome Miss Nor. Welcome. Thank you, mayor, and thank you for having us, and we're honored to be [1:06:40] here. Uh, good morning, board members. [1:06:46] My name is Noel No. I am the principal of Nor Companies. We are the largest [1:06:51] minority and womenowned development and construction firm in the Twin Cities. [1:06:58] We're also an award-winning developer and contractor. some of our projects you've you might have seen. [1:07:06] I'm also your neighbor. I'm an Adina resident, proud Adina resident, and you [1:07:13] are my council members and I appreciate your time and service. So, this project [1:07:18] is more than just a development opportunity. Our goal is to show you what we want to [1:07:25] do from a vision perspective, but we're really interested in strengthening this community. [1:07:32] Our agenda today is first we'll do introductions of our team. We'll share a [1:07:38] brief vision, our expertise. Some of you may not know us and what we've done, our [1:07:44] financial capacity, and we'll close with Q&A. [1:07:49] First, I'm joined by three exceptional partners, and I'd like for them to introduce themselves. So, I'll invite my [1:07:56] team members to the podium. Good morning, everybody. Steve [1:08:02] Wellington, I own and uh am the CEO of Wellington Management. We celebrated a a 40th [1:08:11] anniversary last December, so we've been at this for a while. um sadly not really [1:08:17] as deeply invested in Edina than we should have been. We should be have uh [1:08:23] found an opportunity here many years ago, but we've uh I thought I thought the same thing. [1:08:31] Uh because your reputation precedes you. So, uh well, thank you. Uh we are, uh St. [1:08:36] Paul based. I originally uh uh moved from Boston and after going to the [1:08:42] Humphrey Institute, spent 10 years uh working for the city of St. Paul when George Latimer was mayor. Uh quite an [1:08:49] wonderful experience from years ago. Uh but then moved to the private sector in [1:08:55] my mid30s just when the recession was coming which was uh actually a blessing. [1:09:02] You learn a lot in uh tough times. Um, we uh now have over a hundred buildings [1:09:10] all in the Twin Cities. It's about a billion dollars, which every time I say that seems kind of [1:09:17] out of the world uh because it started with zero. and uh just myself. We have [1:09:22] about 45 employees that um manage both the development work as well as the [1:09:29] property management work because we do focus a lot of our attention on just operating the buildings because we tend [1:09:35] to have a habit of uh hanging on to properties rather than [1:09:40] selling them to institutional owners. Uh those 100 buildings are uh comprise [1:09:47] about 5 million square feet of commercial property. We have about 600 different tenants and uh,00 housing [1:09:55] units. About half of that portfolio uh we built from ground up. So we're [1:10:02] developers uh but we develop and then hold for usually forever. I think I need [1:10:07] a 12step program to learn how to, you know, liquidate things, but that's not [1:10:12] our orientation. It is a familyowned company. son David uh joined us 10 years [1:10:19] ago and he's the president. I'm the CEO. I'm not quite sure who's in charge, but uh it's uh a great opportunity for the [1:10:27] two of us to work together. Um we have uh 59 different investing partners, [1:10:34] individuals who have invested with us. Um and uh in that in addition to that uh [1:10:42] I think we have 21 different commercial banks and insurance companies that we [1:10:48] rely on for the mortgage debt. Um we have a you know a strong portfolio that [1:10:53] has uh the ability to you know generate uh investment capital every year. Um, [1:11:00] and we think this particular project is a good opportunity for us to uh finally [1:11:07] have an opportunity to work with you guys. I I I think your reputation does precede you. I'm not trying to buttering [1:11:12] you up, but I as I observe a variety of cities. We have properties [1:11:18] in 23 different cities in the Twin Cities area. uh there's a lot of [1:11:23] different character for the ways in which cities like yourself uh address uh new development and [1:11:31] redevelopment and uh I've felt that NDINA has been extremely creative [1:11:37] and successful with um what uh some people from the outside would think [1:11:43] would be easy. I don't think your uh land use use uh and your redevelopment [1:11:49] is at all simple or um uh something that just comes automatically to you. You've [1:11:56] uh and your predecessors have done a really exceptional job uh making this [1:12:03] city special and continuing to regenerate the kind of energy that you [1:12:08] need. You don't just sort of sit on your laurels and and say, "Well, we're all done." It's never done. It's uh and I [1:12:14] think you're facing quite a lot of challenges right now that I'm sure you [1:12:19] as the HR are eager to uh be successful with. And we hope this particular [1:12:25] parcel, which I know has uh been something that has uh been looked as a redevelopment [1:12:32] opportunity for some time, there there have been some efforts that haven't been successful. we are going to be very [1:12:38] successful for you and we're excited uh in what we're doing. So I would like to [1:12:43] comment also on Nal. She is a very good friend and an exceptional leader for her [1:12:49] company and uh we uh have uh tackled a number of things with her and we're very [1:12:55] happy to be chosen by her to put us with her in this wonderful group. I would [1:13:02] like to also uh identify uh one of our outstanding 45 employees. Casey [1:13:09] Jevachensky is our uh chief financial agent and uh officer and he's he's next [1:13:16] up, right? Good deal. Thank you, Mr. Wington. [1:13:22] Morning. Uh good morning everyone. Thank you for having us. Uh Casey Jevachensky. I've been at Wellington Management for about [1:13:28] eight years now. um started my career working for a nonprofit um lender um [1:13:34] that worked all over the country both on commercial loans and affordable housing and from there uh went to work for the [1:13:41] city of Minneapolis for about four years working mostly in North Minneapolis um a lot of unique brownfield redevelopment [1:13:48] projects and that's where I got to know the Wellington team Steve and uh his son David and um you know I was standing at [1:13:56] this project site in North Minneapolis apolis that was a old vacant dry cleaner and about 5 acres of vacant land. And [1:14:03] they had these crazy ideas to redevelop this site uh when there wasn't really a market there. And I kind of said, well, [1:14:09] this is kind of like the company I'd like to I'd like to work for someday cuz, you know, loved working at the [1:14:14] city, but I wanted to work for a company that was rooted in the community, had strong values, cared about their team, [1:14:20] and did really great projects with cities like Minneapolis and Edina. So, [1:14:26] uh, one day I got a call from their general counsel saying they were looking for people to come join them and if I [1:14:32] knew anybody, I should I should send them in a resume. And so I went home and [1:14:37] said, "I I didn't want to ask, you know, in my office at the city. So, I'd love to get an interview." So, that was about [1:14:43] 8 years ago. And um I've uh when I started it was about um kind of coming [1:14:48] out of you know we're out of the recession and um really took the opportunity with Steve and David to grow [1:14:54] our housing portfolio. Uh working on some really challenging sites. Uh we've [1:14:59] grown it from about 200 units in two buildings uh when I started to now as Steve said over a thousand a thousand [1:15:05] units. Um and it's been a great experience. you know, the work is great dayto-day, but it's really the people [1:15:10] that you show up and go to work with that makes uh makes you want to go to work and work on really challenging [1:15:16] projects. And so, when uh we saw this RFP and started talking to Noal and Pete, it's like, you know, we got to [1:15:22] sink our teeth in. And uh it's a it's a challenging site, but it's a great opportunity and and we're just excited [1:15:28] to to be here. So, I'll turn it over to Pete and then uh we'll get actually into the into the good stuff and look at the [1:15:34] plans. Thank you. Uh good morning everyone. My name is Pete Keelley. Uh Collage [1:15:40] Architects. Uh we've been around for 20 years. I've known and worked for Steve uh for probably close to 30 now. We're a [1:15:46] housing firm. Uh that's what we do. Uh we've done over 10,000 units of housing of all scales. Uh over a thousand of [1:15:53] which are town homes, which you see here, the majority of the rest are kind of in the apartment world, as you well. [1:15:58] So we'll see in this proposal. Uh everything from affordable on up to high-end um uh high-end luxury. But what [1:16:06] we're really proposing here is, especially on the townhouse side, is really more of a what we'd call attainable. We're coming off a project [1:16:12] where we just completed in the Binmar neighborhood about 20 for sale affordable units that we're selling at about 500 to 600,000. It's not an easy [1:16:20] thing to do. Um, so it takes some of the expertise to figure out the best ways to deliver uh housing, really nice housing [1:16:27] at a a really nice price. So with that, [1:16:36] so we'll get into the meat of it, but I want to just share a brief vision of what we've presented here. Do you want [1:16:43] to go back to the main slide? [1:16:49] Our vision is to create a mixeduse development with attainable town home [1:16:54] ownership, quality rental apartments, groundf flooror commercial space, and [1:17:00] beautiful public plaza that serves the entire community. What sets us apart isn't just experience, and I'd like to [1:17:07] share that a little bit more, and Steve did share, um, and I maybe I'll add a little bit to NOR companies because I [1:17:13] didn't talk about it, but it's more importantly, it's commitment. We develop and invest for generations. And so this [1:17:19] project you'll see every decision Steve, David, Casey, and Pete and I have spent [1:17:26] quite a bit of time looking at Edina. We view it we viewed it through a long-term lens because we are your partners. We [1:17:33] think beyond the groundbreaking. And so just briefly because I missed it with Nor Companies. We've done we have about [1:17:41] 700 units of housing either under development of or have completed 240 of [1:17:47] those are in development. So Pete, [1:17:53] thank you. And I'll kind of run through I think one of the first things we started out with the design and the idea of it was how do you build community and [1:18:00] how do you build on that site? So what we really wanted to make sure is that these spaces opened up to the street, [1:18:06] defined the street, created pedestrian walkways, really create a great street experience, but also create public [1:18:12] spaces and semi-public and private spaces. So you can see on the kind of the very north side, the pedestrian [1:18:18] walkway, we do have this is kind of a a public area. We're seeing that as a place people can come and gather as [1:18:24] they're walking through. We've also located a commercial building. You can see that in purple on the very um [1:18:31] northeast corner. That commercial worth thinking is a way to really kind of activate one that public park, but also [1:18:37] the street. This is kind of right where you're coming in off the off-ramp. We think it's got good visibility, good connection to the rest of the commercial [1:18:44] core. So, we also think it's um really looking at a kind of commercial. It can draw a little bit of traffic through [1:18:50] there. And so, as people are walking through, it becomes kind of the center of that community. We believe strongly [1:18:55] that a little bit of commercial can really create these communities so neighbors can come out have a place to [1:19:01] be whether it's in the public park grabbing ice cream or coffee or whatever happens at that corner. Second to that [1:19:07] the there's a courtyard right in the middle kind of the uh um circular building. That courtyard is semi-public [1:19:14] and so people can move through that. One of the other strategies that we really do, the um the cost of the site is going [1:19:21] to be driven a lot by soils and grade. And so we really put a lot of time into trying to understand the best way to [1:19:28] deal with the grade. So the building acts as retaining walls. So on the north side, we basically have a two-story [1:19:34] expression in the town homes. And I'll show some images real quick here. And on the back side of that, that building [1:19:40] steps down. So we're making upgrade as this building terraces down the site. And then on the south side of that [1:19:46] apartment building that leads into the town homes. And the town homes then define the um the the public street. [1:19:52] We've got uh basically a 1500 square foot average for those town homes. Some are going to be a little bit larger, [1:19:58] some a little smaller so we can hit some of our pricing and attainability goals. Larger on the uh street on Acadia, [1:20:06] excuse me, and Eden. Uh and the middle units are a little smaller than the end units. So we're getting a range 1500's [1:20:12] about the average. that gives us the ability to kind of get some price points down a little bit further. So, let's [1:20:18] jump into some pictures. This is from the um from Eden looking back up the hill trying to show kind of the street [1:20:23] floor onto the vitality of the town homes along Eden. This also steps up the hill and you can see the kind of the [1:20:29] larger multif family building in the back and we did this for a number of reasons. One to step down the hill. We [1:20:36] wanted to actually accentuate the hill, but then this also steps into the neighborhood. Um, and it gets good [1:20:42] visibility for the multif family building. This is the multifamily building. You can see on the left hand [1:20:48] side of that there's kind of a two-story portion. So, one of the things we've done from a design perspective is carry [1:20:54] twotory town homes, a two-story brick portion, twotory commercial portion, and a two-story town home portion as we wrap [1:21:00] all the way around. So, we're trying to get a mix of scales and get two stories on the street for the most part. So, [1:21:06] really kind of define that kind of um pedestrian experience. You can also see through these two buildings is that [1:21:12] semi-public um courtyard. It's it's open. It's just people can congregate in [1:21:18] there. Um there's some trees, pretty lush landscaping. We believe that's really important on how you create [1:21:24] community. put front doors at the street, put places for people to gather, and put places for people to go to to [1:21:30] gather as well, which is the commercial, which is right here. So, this is a two-story commercial piece that would [1:21:36] open out, spill onto the street, and then into the kind of um I'd say the u [1:21:43] public green. This the public green. It's got kind of town homes facing that public green. So, again, that's that [1:21:49] two-story portion that wraps towards the front. We see very defined places for people to gather, whether that's places [1:21:56] to eat, uh, families, uh, area to maybe play. And so we do see this and the mix [1:22:02] of the town homes, the mix of the apartment buildings, um, within that as a way to gather kind of [1:22:08] multi-generational uh, um, renters and owners from all scales. One of the real advantages on [1:22:14] the multif family side is we can really tune um tune into the market and the mix [1:22:19] to create that community for demographic. That said, I think one of the important things is is how do you [1:22:25] build community? We kind of said it from the beginning, but that's also coming back to what does the city want? We're [1:22:30] willing to listen. We're willing to kind of say, hey, what is it that we should provide here? I think one of the things [1:22:35] in an RFP process, it's always hard to kind of hear what you want. So this is [1:22:41] kind of our vision, but I think our vision is to create community in in collaboration with with you and the [1:22:47] stakeholders and the and the community. So that I'll turn it back to [1:22:53] closing. I still remember um the design you you [1:23:00] had for the uh old Best Buy site at 66 and uh yeah, [1:23:06] York. Uh yeah. Or um Mike Mike. [1:23:12] Yeah. When he owned the property before he sold it to Kelly Dorne or you got involved. I mean the design you had over [1:23:18] there was uh better than what's pretty special. Well, I appreciate that. [1:23:23] Apparently apparently unbuildable but very special. Well, there is a little bit of that but [1:23:28] not at all. They had a different vision. That's for sure. Yeah. [1:23:34] Um, so before the Q&A, we just kind of wanted to now that you've seen the drawings and the the vision, right, [1:23:40] that's going to continue to take shape. Just want to reemphasize kind of our ability, our team's ability to execute. [1:23:46] Um, we're pretty small group. Um, but that we're also a creative group, right? Um, and we can get things done. you [1:23:53] know, we've um in the past three years, uh we've worked on about 500 or so um [1:24:00] units of housing of new construction, and it's uh lit housing, so different than this. We've also done some market [1:24:07] rate housing in that mix. Um so, we have we work on projects that are, you know, 50 million plus um that require both um [1:24:15] a bank loan um and private capital. and those LITC projects. I mean, I'm excited [1:24:21] to work on this project because on the financing side, you know, it's a little simpler than a a 100% affordable project [1:24:27] where you got to wait around four years to get all the capital to show up uh from the state and the tax credit [1:24:32] agencies and the investors, right? This is a little different structure. Um, but it's still um it's a big project and [1:24:39] we're excited. And so, um, you know, in house at Wellington, we have a legal team. We have uh our VP of finance has [1:24:46] been there for 20 years with deep relationships um with the lending community in town, not to mention Steve [1:24:52] and David uh roller a rolodex uh thicker than I think would fit on a a cell phone [1:24:57] um hard drive. So, you know, we we know how to get projects financed. We know how to get them done. Um it takes a lot [1:25:04] of a lot of time and effort and and heavy lifting by kind of not only us um but also you. And so it's really, you [1:25:11] know, me coming from working at a city uh where I kind of see the other side and what, you know, what do cities kind [1:25:17] of care about and what do they look for? And part of this is not just picking the proposal that pays the most money or has [1:25:24] the best drawings. It's like who do you want to work with for the next couple years on this to close the deal and to [1:25:30] start construction? And uh you know we Steve and David and Pete and all myself [1:25:35] like we generally like sitting down with city staff and council members and brainstorming and problem solving. And [1:25:42] so this is you know this is why we show up. Uh we like doing this work. Um and we have the ability to get it done. So [1:25:49] um as Pete mentioned, you know, one of the concerns or not concerns but challenges of this site is the soil and [1:25:54] grades. You know, we've already done a little bit of homework in the information provided on the website [1:26:00] related to the geotech and some of the environmental. Um, we've had one of our contractors that we work on with mo most [1:26:06] projects take a look at those geotech reports. Um, and just try to really give us some thoughts and think about, okay, [1:26:13] what is, you know, this is not just a a farm field we're bu building on, right? Like there's a lot of history here on [1:26:18] the site. like Pete said, how do we design this building so we're kind of minimizing costs on the front end and [1:26:24] that's where all the risk is really for the developers. You don't really know what you're going to find in the dirt till you start digging. Um, so we've [1:26:30] tried to be thoughtful about, okay, what does this look like? How do we minimize the amount of soil that we're hauling [1:26:36] off the site in trucks to a landfill and how do we think creatively? We've done other projects where we pile 150 200 [1:26:43] feet in the ground, right? and that's also has a cost, but it minimizes that impact um to the site and you get a [1:26:50] building off the ground. So, you know, there's a lot of stuff that we got to dig into if we're lucky enough to be selected. Um but we're excited to take [1:26:58] that next step. Thanks. As the finance guy, I'm just going to ask you a quick question here. Uh some of the proposers uh restated the [1:27:06] price they were prepared to prepared to pay for the property. Mhm. Some alliteration there. I didn't intend [1:27:12] um uh but I didn't see that in your proposal and so if you could comment on [1:27:18] that plus the uh source of funds. Yep. So I think our original or our submitt um offered 4 and a.5 million for [1:27:26] the site. Um, and that's, you know, again, based on the the density of the [1:27:31] site and, um, you know, like I said, there's unknowns in the dirt. And so [1:27:36] that's, you know, we're kind of assuming, okay, we we only know so much right now. Um, but this is what, you [1:27:42] know, if it's a buildable site, this is what we think we can pay to get the the deal done. I think in the in terms of [1:27:47] financing sources, um, you're you're looking at the checkbooks behind me. Um, [1:27:53] and then in addition to that, like I said, we'll, you know, we partner. We tend not to go out and, you know, um, [1:28:00] call big institutional firms on the coast and try to bring it bring in kind of blind money. That's not really how we [1:28:05] operate because then you're, you know, a long-term relationship, long-term holder. We're not trying to just bring [1:28:12] in some temporary capital then to go flip it, right? So, we pro, we find equity partners, um, usually friends and [1:28:19] family. Um we work with smaller institutional offices or family offices where we actually know the people and um [1:28:26] we just had um some investment partners um come into town um a couple weeks ago [1:28:32] and we spent all day together walking one of our buildings and going out to dinner and we have a relationship with [1:28:37] those folks. Right. So that's the type of partnerships that we have in our projects. Um and then like I said we [1:28:43] have relationships with you know all the the midsize community and large banks in [1:28:48] town. Um, and so, uh, we know how to, you know, pursue that piece of it, too. [1:28:54] So, I think, you know, when we think about the capital stack, it's owner equity, construction financing that [1:28:59] would eventually get to take out financing that could be a HUD loan or a Fanny and a Freddy loan, something like that, which we're doing, [1:29:05] but no, no, no public, no city financing. We're not proposing any tiff right now. [1:29:10] Um, and you know, talking with Bill, I know that the, you know, those TIFF requirements would for affordable [1:29:17] housing would trigger larger affordability requirements. So, I think that's something we're open to talking about if the city wanted to see more [1:29:23] affordability. I think we kind of proposed that 10% u for both the rental and the town homes, assuming that's, you [1:29:29] know, meeting the city requirements. Um, and then I think obviously it's really, okay, what do we we need to do a little [1:29:35] more exploration into the soils and and what what do those look like? Um and then I think you know we have experience [1:29:41] if there is a need for a public money going out to the state or the county um to seek a redevelopment dollars um to [1:29:49] subsidize gaps too. So um another question I had was and you've [1:29:56] been doing you work with Mr. Wellington for eight years and he's been doing it for about 40. Just wondering if you've [1:30:03] had a project like this where you've had a combination of rental and for sale on [1:30:08] the same site and how they how that works out for for you for the [1:30:14] the interaction of those two concepts. Yeah. Um you know it's we've done some bigger sites in Blaine that was 100 plus [1:30:21] acres where we developed some we developed most of the retail. We sold off some for apartments um and some for [1:30:30] for sale homes uh and town homes. And so we've done a mix um you know the the [1:30:35] project Pete mentioned earlier in Bass Creek Valley, North Minneapolis, we have I guess 18 17 town homes um on one [1:30:43] parcel adjacent to commercial building that we developed adjacent to two affordable housing buildings that we've [1:30:48] developed. So, um, you know, Steve, if you want to jump in anything I'm missing, but those are just a couple [1:30:54] that come to mind. Um, so I, you know, I think this site is big enough at 3 acres and it kind of lends itself to that [1:31:00] north side connected to the public plaza with the south side that's, uh, you know, steps down in density as we move [1:31:06] south. So, I think if it was a oneacre site, it would be a lot harder to accommodate that, but I think given the [1:31:12] size and the way that it's laid out in the street grid, I think it it lends itself really well to that mix. Let me [1:31:18] go turn to my colleagues here. Commissioner, we have about five minutes [1:31:23] left. Oh boy, I had three questions. Um, okay. [1:31:28] I want to talk, I guess, to prioritize about um I guess when I'm looking at the [1:31:36] site plan, I think that that's a good visual. um to the to the left side of the page, what I'm seeing is it feels [1:31:43] like a lot of parking and kind of surface um concrete potentially. And so talk to [1:31:52] me about whether there could be any opportunity to reduce that. And I'm [1:31:57] looking maybe even particularly like town houses 16 through 21 if there could [1:32:02] be an opportunity to eliminate that drivethru in the center. tuck that under [1:32:08] and give some more green space potentially throw in something like a community garden or residential garden [1:32:13] like is that a possibility here? Yeah. Yes, absolutely. Um those we were targeting to be a little bit more on the [1:32:19] attainable side. Anytime you structure parking that attainability factor kind of changes a little bit because [1:32:24] structured parking is expensive. I think it would be a great site. So we were we were focusing more on how can we get [1:32:30] that price point below million rather than trying to make that great. if you came back and said, "We want more [1:32:36] community gardens," we can certainly work that way. I think that's a great asset. But that's why we that's why [1:32:42] we're showing it the way we're showing it. Okay. And then to follow up on the the housing, the affordability and the [1:32:47] attainable mix, um would those units and kind of looking at the side here, um [1:32:53] would there be affordability at every layer? Example, two-bedroom and three-bedroom units also within that [1:33:00] range. I'm not by every layer in terms of the for sale on the town homes. Yes, [1:33:06] the idea is the middle units would probably be um the uh more attainable than the end units. The end units tend [1:33:12] to want to be a little bit bigger. We're also looking at kind of a stacked flat situ situation so they're not just twotory town homes. So, they can maybe [1:33:18] go stacked flats. Um and then the ones that are going to be there's always ones [1:33:23] that are a little bit better than others. So that's where the range of the pricing comes in. But there would be some affordability kind of or [1:33:29] attainability kind of scattered throughout. Okay. Thank you. And then in addition to that, the apartment also has some and that's [1:33:36] certainly uh meeting the city guidelines across the the range of the unit mix. Okay. And then last question is just [1:33:43] whether there's any opportunity to infuse more of the commercial or the [1:33:50] community activation because I'm really just seeing it on that that lower edge. Did you look at any other areas? [1:33:56] We absolutely did um parking kind of go back to that u bugaboo but we actually buried the parking for the commercial [1:34:02] under the building. So to the south side of that there's a opening in the public ramp. So, one of the things to address [1:34:08] your point to open up the community space and get that and accessible parking was to provide that under uh [1:34:14] enclosed and so we would be happy to look at more um but parking and uh you [1:34:21] know kind of green space kind of drives that. So, I think it would happen in the larger building. We did look at it at the southside as well, but it just took [1:34:27] up a lot of space in terms of getting cars to that location and there's not a lot of kind of off off-site uh [1:34:35] availability. Uh, Commissioner Risser, U, [1:34:40] this is a question I've been thinking about a lot. When we talk about affordable and attainable and then we [1:34:47] say the units and 60% of these are going to be 650 ft or less and so what is the [1:34:55] price point for like a a 650 foot apartment? What do you see that being? [1:35:04] Um I would say you know um market at at this site market rate I think you know [1:35:10] we'd have to we'd ab absolutely do a market study here too. I think you know for comparison we have um just market [1:35:16] rate apartments um that we're leasing right now that are you know kind of in that um two700 range for about 5 to 700 [1:35:26] square ft uh for a onebedroom. And then you know obviously if it's that's kind [1:35:31] of market rate um it depends on the level of finishes right and whether it is income restricted or not. Um but I I [1:35:39] would say kind of in that 16 to $1,800. Thank you. Y for a onebedroom. [1:35:46] Commissioner Jackson. Yes. Thank you Mr. Chair. I just want to say thank you for coming forward. I think my fellow commissioners have asked [1:35:52] the questions but thank you so much for taking the time and effort to give us this proposal. It's very interesting. [1:36:00] Oh yeah, I I think I've asked everybody this. How much pvious surface are we [1:36:06] looking at here? So we are at about 25% [1:36:13] pvious and we've focused it's actually a little bit higher than that. That's not counting some of the green spaces right [1:36:20] around the town homes. So that was trying to be in the usable. So along the street frontages, within the courtyard, [1:36:26] within the public space, so something that's usable, not just kind of leftover. Okay. And um are you going to be using [1:36:32] green building techniques with this as well? Is that your plan? I don't think we've quite gotten to that level, but um we'll do best kind of [1:36:39] certainly best on the industry side whether we're going to go to a standard. I mean, we're doing passive house right now on a number of projects. I'm not [1:36:45] saying that's what this is. Uh so we know how to do that. we know how to do and um with Steve uh and the Wellington [1:36:51] group we've done uh green community certified we've just completed our second project on that starting our [1:36:57] third and so we've got those practices it kind of depends on the cost and how we're and some of the financing pieces [1:37:03] of it but we're it's something as long-term owners I know the these are very interested in kind of doing better. [1:37:10] Okay, good. Thank you. I know if there are any questions I [1:37:16] would love to hear and I know we're kind of limited on time and so I'd love to close. Couple of things I just want to [1:37:21] highlight based on the questions that are coming up. One, this is early [1:37:26] site planning and it also is missing a really important component which is community engagement and city [1:37:33] involvement. And so to the extent that um all the questions that have come up, those are all things that we're both [1:37:40] flexible and collaborative on to the to the extent that the numbers work. And so [1:37:46] um I'll just highlight that to say that this is not um this is our best vision [1:37:52] um taking into account all the things that we've learned about Edina and the goals for the site. But at the end of [1:37:58] the day, it's going to come down if we're selected. We're going to talk to you and we're going to talk to the community and see what the city's [1:38:04] interested in the city staff as well. So, um, commissioners, chair, first of all, [1:38:11] thank you for the opportunity to present this. I hope that you've learned a little bit about us and our vision, um, [1:38:17] our capacity to deliver the project, uh, but more importantly, our commitment to really make this site a beautiful site [1:38:24] that we can be activating for the community. So, um, with that in mind, I just wanted to say thank you again and, [1:38:31] um, we look forward to receiving additional questions if there's any and hopefully we win. I know one thing that [1:38:37] Steve wanted to highlight was the Blaine site is not 100 acres, it's 240 acres. [1:38:45] Thank you, Miss Nor. Thanks, everybody. Thanks for being here. Thanks for being interested in this. So, [1:38:54] right. Thanks. We'll take a brief break. Um 5 to 7 minutes. I believe the other team, the next team is here already, but [1:39:01] let me wrangle them and we'll reconvene in 5 to 7 minutes. This could be a coffee break. So, um you [1:39:08] can take the time you need. We we've officially scheduled the next presentations at 9. So, that's about 15 [1:39:15] minutes. So, if you want a little bit more time, we can And we have coffee coming at 9:00, I [1:39:22] believe. Right. Uh 9 or 9:30. Yep. 9 or 9:30. Okay. So, coffee is coming after the coffee [1:39:28] break. Uh, coffee break now. Coffee break later. Yeah. Yes. Coffee's coming after coffee. [1:39:35] It's a non coffee break. [1:55:20] All right, Mr. Nondorf. All right. Thank you. Well, you know, you said 9:00. That's why I [1:55:26] was back there talking to Carrie early. I'm sorry. And you're back there telling me, "All right, you know, that sort of gentle [1:55:33] proud. We're ready to go when you're ready to go." But I was going to be ready to go when you said you were going to be ready to [1:55:39] go. 9:00. Okay, here we go. 8:59. Great. So, uh, we're here with our [1:55:46] fourth team of presenters. Uh, another, uh, pairing. This is Lifestyle [1:55:52] Communities and Ron Clark Construction. Uh, they're the fourth presenter. I'll [1:55:58] get their their presentation queued up here. And I'll leave the introductions to you all. I don't want to steal your [1:56:03] thunder. Um, as with the other teams, uh, you'll have about 30 minutes in total. Uh we've asked that you present [1:56:10] yourselves and the proposal for about 15 minutes, but then I'll allow about 15 minutes for the council and H board [1:56:18] members to ask questions and have a discussion and and make some comments. So um with that, I'll get your presentation queued up and we'll start [1:56:24] rolling. We're good. We got she beat you to it. And then and then before you start, I [1:56:30] just want to tell you on behalf of the council, on behalf of the city, how much we appreciate your interest in this. uh [1:56:35] when we looked at 11 proposals and decided we wanted to hear from five of the proposers. Uh your group was [1:56:41] obviously included in that and we know this is there's time and expense involved in all of this for you as we [1:56:47] try to figure out what to do with that 3.3 acres. What would be in the best interest of the city, but we want to [1:56:53] make sure that you know that we appreciate your interest and your ongoing commitment to trying to, you [1:56:58] know, advance your idea of how that site ought to be used. and there's five different ideas and they're all very [1:57:05] interesting. So, thank you for that. Well, thank you. Uh Ben Landhauser with [1:57:10] Lifestyle Communities. Also have Mike Waldo from Ron Clark. Um Tim Nichols also with Lifestyle Communities, but [1:57:16] Mike and I will be kind of running through our presentation. Um and also kind of acknowledge and appreciate just [1:57:23] this RFP process. So the ability to having already had a conversation with staff to understand kind of what your [1:57:30] initial reactions were to our proposal. So as we walk through this presentation, you'll see some subtle changes that [1:57:36] we've made more to reflect maybe some things that weren't as clear. Um as well as some things that we thought could be [1:57:43] adjusted to speak to some of the things that might just help this feel like a natural extension of the Grand View [1:57:49] neighborhood that I know has been long awaited for this to be kind of that final piece. Um so happy to run through [1:57:56] that uh with you this morning. So our proposal started kind of talking more [1:58:01] about kind of this mixeduse and more mixed residentially uh focused proposal. One of the things [1:58:07] that we had contemplated before submitting our RFP um uh proposal to you was just how could [1:58:14] we have more of that commercial worked into our proposal without it being like [1:58:20] absolutely you know huge and a big traffic driver because it just didn't feel like the right fit for kind of the [1:58:26] other things that we thought could be beneficial for this particular site. So, one of the things that Mike will talk about as we get into it further is just [1:58:33] this idea of we have two buildings that face uh Eden Avenue that do have an [1:58:39] opportunity for more kind of that live work uh option depending on who those buyers end up being. So, this is an all [1:58:46] for sale uh proposal cooperative on the north end and then what we had described in our RFP as town [1:58:53] home which maybe was a little bit confusing. For this presentation, we're going to focus more on using the term [1:58:58] flats. So there's single level living. The buildings look more like town homes, but they're single- level living units [1:59:04] in those um in those buildings on the southern portion of the site. 64 units [1:59:10] within that cooperative. So again, we know that this site had previously had a cooperative proposal. We believe that [1:59:17] this is kind of more right-sized or right fit for this particular location. [1:59:22] compared to some of the other people that do cooperatives, particularly in the Twin Cities. Our company really strives to be more boutique [1:59:29] intentionally, um, allows people to kind of know the names and faces of people that live within the building, not just [1:59:36] who's right next door or kind of on that particular uh, hallway, so to speak. So, [1:59:41] again, intentionally sized, 64 units within that cooperative on the north, 16 [1:59:47] um, flat units on the south, so a total of 80 units within this proposal. [1:59:52] A couple of the things that we did do uh if you had an opportunity to kind of thumb through our presentation in [1:59:58] advance of this morning was really focus on how does this site through our proposal kind of be that natural [2:00:06] extension of the neighborhood. So where are those public engagement opportunities? How does this relate as [2:00:11] kind of uh again that place where people are going to walk or kind of meander through versus just being kind of a a [2:00:18] sub uh entity unto itself that's really only just for the the owners and people [2:00:23] that live within this property. So, starting at the north, and I've got some visuals that back this up, but on the [2:00:29] north, making that more intentional connection to the pedestrian um thoroughfare that the city has recently [2:00:36] invested in through that bridge that connects to the parking ramp and kind of where Jerry's Foods is. So, we know that [2:00:42] that's um really important to us. And having that walk up connection always works well because we will have buyers [2:00:49] in that co-op in particular that maybe have a dog or they're just active walkers. So they're going to like that [2:00:54] connection to walk out, hit that bridge, and kind of meander through the neighborhood. Uh B. So the next kind of [2:01:01] area along Arcadia was how could we leverage this idea that there is this public activity around of maybe there's [2:01:08] more of a bike courtyard where we have maybe a fixation, some um other pieces [2:01:14] that um relate to kind of activating this part of the site. And then we also have um expanded kind of how that public [2:01:23] plaza or that private plaza that relates to the entry into the cooperative so that it feels more publicly accessible [2:01:30] at least from a visual stance. And then we've worked in more of a dedicated kind [2:01:35] of pocket park that wouldn't necessarily be publicly owned, but it would be [2:01:41] publicly accessible and kind of rounds out kind of what that flat portion of the project um looks and feels like. And [2:01:48] then finally, those those live work units on the on the south side. So where all of the public kind of connections [2:01:56] exist today, we're really trying to enhance and embrace kind of the uniqueness of this site. So, one of the [2:02:02] things that we provided um this morning for you is a few perspective renderings [2:02:08] of how these buildings fit into the very unique and dynamic uh site that this [2:02:13] really is. So, today, as you're all aware, kind of lives almost like a hole. So, we're trying to strategically place [2:02:20] uses where we can leverage particularly the Arcadia topography to our advantage. [2:02:25] So it feels like it's always been there and it's not kind of this dips and you know kind of interesting places of we [2:02:33] didn't want the building sucked in the hole and you've got all this other stuff that happens around it. So again, kind [2:02:38] of that activation particularly as we get closer to the new roundabout at Arcadia and Eden. Uh and then augmenting [2:02:45] with uh the addition of some on street parking on Eden is represented kind of [2:02:51] where the E is on the south side of the site that could support if there were some of those live work opportunities [2:02:58] realized on this project. So, if we go back to the north, uh this is an example [2:03:04] rendering of the actual building that we've proposed um for how kind of that [2:03:10] pedestrian connection from the units that are along that pedestrian corridor towards the bridge could be done um so [2:03:18] that it feels more like a natural extension and very pedestrianforward [2:03:23] environment. And for context, I know that you're all [2:03:28] familiar with kind of the the nearby um residential development that Traml Crow [2:03:34] did. Um I know one of the things that was of of interest in understanding more is just that proximity of how and where [2:03:40] we had placed that cooperative relative to that existing pedestrian connection. This is a 30-foot corridor that was done [2:03:47] for this building. And again, they kind of have all of the topography uh changed [2:03:53] going through this pedestrian connection. We're looking at more of an atgrade connection from the kind of [2:03:58] north side of the cooperative building to that pedestrian path. So this is 30 ft. We're proposing the city retains a [2:04:06] 40 foot wide um corridor and then we're 5 to 15 ft uh from the face of kind of [2:04:13] that property line uh to our building. And then again back to that bike kind of [2:04:20] courtyard that we're contemplating. Again, it may may not be much, but again, it's to us more of an activation [2:04:26] piece. If we get uh further along here this morning and talk a little bit about the cooperative, we are looking at kind [2:04:33] of bike storage and bike repair within kind of the garage level that's immediately adjacent to this. So, from [2:04:40] us, it's also something that's beneficial to the cooperative owners. And then C, you'll see that we are [2:04:47] looking at kind of dressing up the amenity areas that feel a little bit more commercial. um and kind of have [2:04:53] that street presence so you wouldn't know that this wasn't kind of a public uh amenity that was available uh to the [2:05:00] neighborhood. And then D. So, um, one of the things that we ended up doing with the [2:05:06] buildings on the south, those flat buildings, is the kind of northern two buildings, we reoriented them to create [2:05:13] this publicly accessible kind of pocket park or kind of more of a a retreat as [2:05:18] you're kind of walking or biking uh through the neighborhood. that this could be something done with maybe [2:05:24] partially elevated planters that kind of provide a little bit of uh reprieve between the closest flat building and [2:05:32] kind of where this pocket park is. But this could be for the neighborhood as well as those um flat owners to come and [2:05:38] congregate kind of host outdoor um uh events or things that are supportive to [2:05:44] kind of what they do in their daily life. Um, but an amenity that we think given that proximity to the intersection [2:05:51] or that roundabout, this seems appropriate in terms of it's not right [2:05:57] on that intersection because no one really wants to stare at cars going around and around and around uh but [2:06:02] feels quaint and again a good uh location in our mind. And then finally, [2:06:07] that idea of kind of the live work uh opportunity that I'm gonna let Mike speak to as he walks through kind of the [2:06:14] composition of what those flat buildings are just so you understand that. [2:06:20] Right. Thank you for that. Thanks, Ben. Um Mike Waldo with Ron Clark Construction. Again, appreciate [2:06:27] the opportunity to be here. Um as some of you know, um Ron has been both in [2:06:32] Edina in the Twin City Market for 50 years. Uh the Grand View condos uh were [2:06:37] something we did uh quite a few years ago and I think one of the things you see with our projects just like with uh [2:06:42] Ben and his team is that they age well. When you look at that project 10, 15, 20 years down the road, you can still be [2:06:48] proud of what we have created and what you've created from a city perspective. Um I think probably the biggest thing [2:06:55] Ben's done a great job of really focusing on the site. Uh, from a home perspective, the stack flat kind of [2:07:01] concept is kind of a what I'll call town home on steroids. It kind of gives you a much more diverse ability for uh a young [2:07:10] professional, younger family with young kids all the way up to an empty neester who isn't quite ready to go into a a [2:07:16] multi-unit building and looking for something a little more on their own. So, you're able to have the two-car [2:07:21] garage. Uh, you walk in. Um you're able to then access either a stairway or elevator up to the either the first or [2:07:28] second floor depending on which one uh your home is. Um and then each of those floors has two homes on each floor. Um I [2:07:35] think as Ben talked one of the unique things here especially with the grade component which has been a key thing for us is we got you know a lot of grade [2:07:43] change from Eden all the way up and we're trying to figure out how do you incorporate that again so it balances well. the uh the kind of storefront look [2:07:51] on Eden gives us a little bit of that commercial flare but yet within that residential component. Um we're looking [2:07:58] at probably professional offices and kind of any other complimentary uses. Um [2:08:03] there's just a diverse range of opportunities there. Um we're kind of looking at how that would structure. The [2:08:09] one opportunity is that each homeowner would purchase one of those. The other opportunity is does the condo association control them? So if one [2:08:16] person says, "You know what? I need a bigger space. Can I get two of those? And one says, you know what? I really don't need to live work. So, it gives [2:08:22] them the maximum opportunity to not pigeon hole into our belief of what should happen and let it organically [2:08:27] change over time because those changes will age there after 10 years, they [2:08:33] might, you know what, I don't need that office anymore. Let's uh let's let somebody else have the opportunity. Um I [2:08:39] think from from a livable perspective, once you get up to the main floor in your living space, you've got [2:08:44] everything. You've got the kitchen, dining, family room kind of as one big area. You've got uh a really good [2:08:50] primary suite. You've got opportunity for up to two bedrooms or in a lot of cases, you'll see that as being a secondary study if somebody wants a a [2:08:56] den up there. Um you always end up with his and her. A lot of cases are the two [2:09:02] people in there where one needs a a more active space, one needs more passive space. So they may take the live work area and the other spouse may take one [2:09:09] upstairs. Um so it just gives them the right range. These are very similar to our villa concepts that we do. It's that [2:09:15] same 1850 to 2,000 square ft on the one floor and except that when the grandkids [2:09:21] come, you go downstairs. In this case, the same concept. You know, you just have to get up one or two floors to get [2:09:26] to your space, but they really live like a detached villa product and it fits [2:09:32] what I'll call a real diverse age group, which is what we like most about it. Um, [2:09:38] exteriors again will be hardy and stone. Um, and we've talked with staff a little bit about kind of that direction as we [2:09:44] get through the process. We'll be, you know, the plan commission council have more input into that. Um, [2:09:51] I think the synergy is something that Ben talked about and I just want to reaffirm that we're very excited with how the two uses mix together. You know, [2:09:57] stepping up from that three to four story town up to, you know, we're incorporating an entry into our space [2:10:04] that also becomes that lower garage space. So instead of having a lot of extra extra black top, we're able to do [2:10:10] a shared use um and him come into his lower space which allows them to have two levels of parking. Um [2:10:17] probably one of the key things as we've watched this site over the last year is I think with the stagnant nature of it, [2:10:23] our team has a plan that can get it done. Uh we can be sitting here a year from now ready to start doing something [2:10:28] and building h building buildings. And so I think that's one of the things that we look at in in and Ron's history as [2:10:35] and our team has been uh to get stuff done. And I think that's really where we'd like to see um as we move forward. [2:10:41] Um I'll turn it back over to Ben. Thank you. [2:10:48] Thanks, Mike. Thank you. So, a little bit about the the [2:10:53] cooperative. So, as Mike started to allude, um, in order to make up some of [2:10:58] the the significant grade differential, I know you're familiar, there's, you know, 38 39 feet from north to south. [2:11:05] So, part of what we're looking at is really, uh, two levels of parking that allows us to make up that that bigger [2:11:12] kind of hole that exists today. And those two levels of parking, um, the [2:11:17] uppermost level also serves as kind of that amenity platform. Um, so it' have [2:11:23] full exposure along our Arcadia and then basically based on the grades that north [2:11:30] face of that upper parking level would also basically um be at grade the top of [2:11:36] it would be at grade with kind of that pedestrian corridor that the city installed uh recently on the north side. [2:11:43] And then that lower garage as again Mike had talked about is how could we create some synergies between our product. [2:11:50] we're not uh looking at people that are they're not always going to work in the morning. They're not always leaving at [2:11:56] kind of peak hours. So, kind of doubling kind of the access into the Ron Clark [2:12:02] product with this cooperative for that lower garage access really key in our mind because one, it keeps the overall [2:12:09] expense down. It allows more of the site to stay green. Um, and it really is uh a [2:12:16] good synergistic uh relationship between our two projects that they aren't just an island on the north and an island on [2:12:22] the south. It really is kind of a blended um use. And then the rest of the floors above that just show kind of [2:12:30] we're doing most of the housing, the actual homes and units within our building are on the four levels above [2:12:36] that. So from the the north side of the site, you'll see principally four levels [2:12:42] of housing, not higher. So we're we're actually shorter than kind of the Jerry's office building. Uh that would [2:12:48] be to our west. We'd also be shorter than that um Abador the Traml Crow [2:12:54] development as well. So again, uh we feel from a context this works really [2:12:59] well um within the site. And then from a cooperative perspective, so the kind of [2:13:05] the distinctive piece particularly of our Tessa cooperatives is really that amenity space or amenity spaces. So we [2:13:14] we have programmed and thought through kind of roughly 9,000 square ft of [2:13:19] spaces that do everything from great rooms, kind of smaller private um living [2:13:25] spaces that people use on a daily basis. It isn't. You need 64 of your closest friends that also live in the [2:13:31] cooperative to go down and kind of feel like you're at home. You're at home the minute you walk in that front door. You [2:13:36] kind of meet your um friends, family that may come over and you're probably going to spend most of your actual [2:13:42] living um down in these amenity spaces because they're an extension of your home. So, those things end up being very [2:13:49] critical for kind of our brand, what our buyers are looking for. Um, and we do think that that proximity and [2:13:55] relationship to Arcadia and kind of looking at kind of the adjacent flats, there could be, as Mike said, there [2:14:02] could be some empty nesters that live in those flats and it's you're just walking kind of across the street, so to speak, [2:14:08] to go see your friends and this is the that front door, best um kind of place [2:14:14] to meet up and have uh that opportunity to kind of live uh within this [2:14:19] particular site as a whole instead of just within these two different um uses. [2:14:25] One of the things that we included in our proposal, so if I shift from just talking a little bit about the [2:14:31] cooperative to our overall um project, as Mike said, we kind of came together. [2:14:38] We're familiar with each other. We love kind of the two compatible uses. We're [2:14:43] looking at this being an entirely privately financed endeavor for us that we stand on our own. We're not looking [2:14:50] for additional public subsidy. The only thing we may look at is we would uh if selected get into the weeds a little bit [2:14:57] more on is we know that there may be some environmental things or some infrastructure things that we may look [2:15:03] at grants that would help support just some of those uh assembly costs that [2:15:08] relate to um this particular site. But we're also trying to have kind of this [2:15:14] mixed income opportunity within our overall um project between our two uses. [2:15:20] We're hitting everything that's kind of within, you know, a hundred uh 50,000 [2:15:26] to, you know, several hundred,000 in terms of equity and price point so we [2:15:31] can appeal to a broader market. And where we don't believe that even on the cooperative side, this is 100% Edina [2:15:38] residents, there's probably going to be a lot of Edinina residents that move into the cooperative because it's at a [2:15:45] price point, at least the way that we've contemplated and financially modeled it. This allows them to leave the large home [2:15:52] that they love in the community that they love, move in here, frees up their homes, and then likewise, Mike has a [2:15:59] product that appeals to it may be that first time, it may be that sex second time buyer, it may be that empty neester [2:16:06] buyer that's lived in Edina for a long period of time. Um, but we like the synergies of kind of what our products [2:16:14] um do. Again, as I mentioned earlier, I I think the number of units we have contemplated here, we have a pre-sale [2:16:21] requirement. Um, we believe that being at 64 units is very attainable in a [2:16:27] shorter period of time that if we were to, you know, put this up to 80 to 100 units. Um, just going to be again [2:16:34] tangible and our owners are going to like the fact that 64 units is still palatable. You may have, you know, 14 to [2:16:42] 17 homes on a particular floor. We're passing our 20, passing our 15 byways. [2:16:48] Got it. But basically, I I think from a price point, that's what went into our [2:16:53] our offer and I think we're trying to show you as much of kind of the math, so to speak, on how and why we got to where [2:17:00] we did. I'll be quiet now, but thank you. Appreciate the opportunity. I was waiting for Bill to kind of [2:17:06] That's all right. Yeah, I was waiting for the buzzer. Yeah. Yeah, our time keeper is over here. [2:17:11] Yeah, got about 10 10 11 minutes to go. Okay. Uh, Commissioner Risser, [2:17:20] I appreciate the information on how you will achieve affordability. Um, the one [2:17:26] concern and actually this has to do with information coming from us and I just [2:17:32] want to know with that um pedestrian bridge across on the northern side. It [2:17:37] sounds like, you know, you see that as a real asset to connect to the stores and [2:17:43] businesses over there. And if you haven't walked that, I really encourage you to do that. It does land on the [2:17:49] upper deck of the Jerry's parking ramp. Um, so it's depending on whether you're [2:17:56] pushing a stroller or using a wheelchair. You got to go upstairs or you got to go [2:18:02] down a the entry ramp for cars, which is very steep. So, I just want to put that [2:18:07] out there. Um, to be totally transparent there. Appreciate that. Um, I [2:18:15] really do appreciate how you're using the site and really thinking about where [2:18:20] the parking could go and all of that. I also really appreciate how you're looking at trying to bring in commercial [2:18:27] use. And that's all I have. So, thank you, Mr. Jackson. [2:18:33] Yes. Thank you, Mr. Chair. So, thank you so much for putting together the proposal. It's really an interesting idea. Um, I have two questions. One is [2:18:41] what is the pvious surface of your proposal? I don't know. [2:18:46] Yeah, I don't know that we've gotten into that exactly. I would say we're probably around that 25 maybe not quite [2:18:52] 30% of the site being uh permeable, but obviously those are details that we'd work through uh if selected. But we're [2:19:00] trying to leverage as much open space and there's probably opportunities in kind of how we've put the site together [2:19:07] right now to increase that. Uh where there's more permeable opportunities if that's something that's important to the [2:19:13] to the commission and council. Um but that's about where I would say we are [2:19:19] today. Okay. Terrific. Thank you. And then what kind of sustainability? You mentioned this briefly that if if you wanted to [2:19:25] get more you'd be looking for grants and everything, but what are your sort of principles on sustainable building? [2:19:32] You want to go or me? So, I'll go first. Uh, with a cooperative building, we always strive to be kind of lead um equivalent. We [2:19:42] never commission our buildings because the cost of that is something that we would obviously pass along to the buyers [2:19:47] and they just don't see the value necessarily in having a certified building for couple hundred,000 of [2:19:54] commissioning. But we're usually locally sourcing things. We have a well uh [2:19:59] certified professional on our team as well. So, how we acclimate and kind of place living areas and the amount of um [2:20:07] light and just the environmental conditions within all of our buildings, our individual homes and the amenity [2:20:13] spaces is intentional on our end. So, we're looking at kind of those those principles to be wrapped out in every uh [2:20:20] cooperative that we build. And from a town home perspective, ours are uh we normally do a a green pass certified uh [2:20:27] which is a about a 20 to 25% higher than kind of even though Minnesota code is already very extensive, the energy [2:20:33] savings on that is using that 20 to 25%. There really isn't a good economical [2:20:39] program to take it any farther um because at that point you start to so you're spending tens of thousands of [2:20:44] dollars for very little gain. But I think that's the biggest thing for us. Okay. Thank you. [2:20:49] Thanks uh Commissioner Agno. Thank you so much for the presentation and for [2:20:55] identifying a way to include some of the commercial with the live work component. [2:21:00] I'm really excited about that. Um if you could speak to any experience you have in [2:21:08] doing these types of projects and if you have that experience maybe even sample for me. I know these, you know, it could [2:21:13] eb and flow over time, but what are some additional examples of what kind of work [2:21:21] um examples we could see within those sites? I think at this point, we haven't done [2:21:26] what I'll say the same as this. I mean, there's other areas where people have that opportunity. Um, I think it's [2:21:32] really driven by the site. It's the uniqueness of having that Eden Avenue potentially being able to get those [2:21:37] parallel stalls in there that allow for that opportunity. Um I think with you know if you look at the Dino market I [2:21:42] mean I can think of a hundred different uses. I mean it's you know accounting's office, legal office um someone that [2:21:48] maybe works from their home creates some product maybe a small craft shop that you know probably not a high volume [2:21:55] retail site there just because you're only going to have a few stalls. But I think the reality is it's it's kind of [2:22:00] Pandora's box. I think anything that would be not what I'll call negative to the residents um and probably not [2:22:06] already restricted within the city is kind of an open use within that group. And I I think it really it is truly it's [2:22:14] really what they think. And I think what we're looking for is giving the opportunity along with the the look from [2:22:19] the street and then having them hopefully fill that with some of those situations. I mean with people living [2:22:24] working from home now, this is a perfect opportunity. you can get away from the spouse upstairs and the and whatever and [2:22:30] get down and they, you know, now you can go get some work done. So, yeah. And I maybe this is something that I can take up offline afterwards with um [2:22:37] Carrie T or otherwise, but I'm also curious to know if you've researched um [2:22:42] like are there limits like could there be a bakery or is that where you were then talking about something like [2:22:48] potentially the parking being the driving constraint within that? like what what type of process needs to go [2:22:54] through in order to to help support these businesses? I think for something like that, we'd have to probably look at a parking study [2:22:59] and also look at the uh the level of ovens and venting space we need. Um because a lot of times you need a pretty [2:23:05] good chaseway all the way through the attic to make sure that those uh those vents are waking up there. I would think [2:23:11] more, you know, a smaller coffee shop that maybe doesn't need the drive-thru and has a little bit of a nicer kind of [2:23:16] a small scale bakery and something be more that way. I think you get into too much too in it doesn't fit residential I [2:23:23] think to go too strong if you're talking about full-blown bakery I I would think that would kind of be at the probably beyond the upper end of what I would [2:23:29] expect here. So okay thank you very much and thank you again for including that element. Um [2:23:35] just to make sure I'm understanding then um up in the I think it was component C of the site which is I think attached to [2:23:42] the the co-op um you use the phrase I think commercial like or making it feel [2:23:48] commercial but just to be explicit that is only for residents and for those [2:23:54] within the property. It would not be a public space in any way. Correct. Okay. But it have that visual [2:24:00] particularly because you're on one of the steeper port parts of the slope on Arcadia is we want it to feel like it [2:24:06] has that street activation component, but you're right, it is privately owned, privately used, but it'll have that [2:24:13] presence like it's trying to boost kind of what Hilltop is across the street. How do you think you message that and [2:24:21] and prevent people from coming in and thinking it's a restaurant? Yeah, I think depending on what we actually do [2:24:28] with that plaza, and this is almost like the rendering we have on the on the bottom side of this particular slide is [2:24:35] wide open. There's probably similar elements that are probably better represented in kind of that pocket park [2:24:42] where maybe there's some elevated planters that again you get that visual cue that it kind of looks like it's [2:24:50] supportive of everything else that's along Arcadia with Opus' new project, the hilltop and kind of even the pocket [2:24:56] park and kind of those things that I think there will be some visual cues of this is a private space but it's a [2:25:04] visual benefit to people that are going kind of through this part of the neighborhood whether that's driving or [2:25:10] walking or biking or what have you. [2:25:15] I'm trying to understand uh a little bit more in depth the the way the parking [2:25:20] would function both with respect to the senior co-op and the uh and the flats the town houses is are the are the town [2:25:29] houses are they parked you know when you come in that main curb cut off of Arcadia and you go to the left and [2:25:36] looking at the site plan uh are you driving then at at grade into your own garage behind the building or is [2:25:44] Yes, you're going underground. There's nothing underground. Uh, no. Because at that point, their lowest garage for the co-op is at grade [2:25:51] probably, you know, give or take a few feet, but not not dramatically. And then as we turn south, you'd be able to turn [2:25:57] into either one of your garages on those first two buildings. Um, and like I said, we kind of kept our parking for [2:26:03] those residents inside. Um, because again, there's room for two cars in each front of their each driveway besides. [2:26:09] So, we've made sure there's enough space between the buildings so you can still have a drive aisle, but you can actually have two guest dots besides people in [2:26:16] your besides the two cars in your garage. So, the the two-car garage would be internal to the site, but so you know, [2:26:23] you see that nice view along uh Eden, for example, that you've shown at street [2:26:28] street level behind you would be seeing garage doors internally at all. [2:26:33] One level up, you would see the garage doors internally between those units. Yes, Mr. Mr. Chair, we have one minute left. [2:26:40] Okay. And then um um [2:26:46] underground parking for the co-op. Yes. Underground parking principally for all of the the owners in there. So on [2:26:54] two levels. So the lowest level has roughly 78 uh parking spaces shown in [2:27:00] kind of the floor plans we included in the presentation. That hits the majority. And then we'll need somewhere [2:27:05] in that 25 to 30 on the upper garage that's accessed on its own uh from a [2:27:11] separate separate entrance that also has kind of you know a handful plus of guest [2:27:17] visitor parking on kind of that radial parking courtyard. But that's how we're getting kind of our parking ratio around [2:27:23] 1.6 to1. See that? Yep. And then the the curb cuts are all on Arcadia. Two curb cuts [2:27:28] on Arcadia. curve cuts on Arcadia and trying to again strategically position them with the elevation so that we're [2:27:35] coming in kind of as close to at grade so to speak with where we want those circulation points to be. no curb cuts [2:27:41] on Eden and then and then if somebody was living there uh there's a little bit of an internal [2:27:47] sidewalk system it looks like and then that that external to the project sidewalk along Arcadia to get up to I'm [2:27:55] thinking about how you how do you get up to the walkway to go across on the bridge. Yeah. So we have that sidewalk that's [2:28:01] coming on the the west side of Arcadia that doesn't exist today and we're trying to kind of enhance that [2:28:07] experience. So, if I I lived there, I could maybe there's some shortcuts internally, but I'm eventually going to [2:28:13] get over the sidewalk on Arcadia to go up to the Correct. Yes. Okay. Okay. [2:28:19] All right. Thank you. Thank you. And that's it about it. All right. Well, thanks for being here again. Thank you for your interest in [2:28:24] this. Appreciate the opportunity. Thank you. Okay. Thank you. Thanks very much, Mr. Waldo. [2:28:34] We'll take a fivem minute break and I'll get our get our last presenters. [2:31:13] Hey, Susan. How are you? [2:31:46] All right. Uh we'll proceed with our final pres uh presentation. Uh this [2:31:51] group is our is our largest group. It's a partnership of several different companies working together uh to put [2:31:57] their proposal together. Uh the lead uh is onward investors. And so I'll turn it [2:32:03] over to Chris and he'll introduce himself and the team. Uh same rules as before. Uh this group has about 30 [2:32:09] minutes to present uh and have your questions answered. So, we've asked them to uh give about a 15minute presentation [2:32:16] and that leaves about 15 minutes for question, answer, and discussion. So, with that, I'll turn it over to Chris. [2:32:23] Great. Thank you. Thanks. Um yeah, we typed out a script. So, before you start, I just want to thank [2:32:28] all of you for your interest in this project. Uh we had five distinct different views of how to use this property. All really [2:32:35] very interesting. It's going to be uh some interesting conversations to come [2:32:40] here amongst the HR as we think about um who to partner with, but we really want [2:32:46] to make sure that you all appreciate the time and expense that you've gone through to to be a competitor here and [2:32:53] get from, you know, from a group of 11 into the group of five. Um and um so we [2:32:59] thank you for all of that and thank you for your continuing interest here. Yeah, thank you very much. And I think [2:33:05] just the fact that 11 people responded to a RFP is uh pretty uh meaningful with [2:33:11] respect to how valuable this opportunity is to us as well. So thank you. Um good [2:33:16] morning commissioners. Like I said we did script this out so I'm going to actually like get through this in our 15 minutes here. Uh my name is Chris [2:33:22] Osmanson. I'm with Onward Investors. We'll be going through the whole team and everything here. Um, we're honored [2:33:27] to present Grand View Terrace at Arcadia, a comprehensive missionaligned redevelopment of 5146 [2:33:34] Eden Avenue. Very cool. All right. Our vision is [2:33:40] drawn directly from Edina's core values. As noted in numerous comprehensive plans as well as the request for proposals, [2:33:47] we're focused on delivering a livable si city with connected open space and walkable uses while practicing [2:33:53] stewardship uh via the use of public land uh as well as public and private investment funds. Um and also [2:34:00] incorporating sustainability, not only environmental but just long-term generational resiliency for this space. [2:34:08] Uh as as was mentioned, we do have a little bit of a larger team. Uh but it is uh cohesive. I I'll ensure you that. [2:34:15] So I uh you know, it's kind of sort of an Avengers or a Justice League, if you will, depending on Marvel or DC comics. [2:34:22] Um uh Ebenezer, so onward myself, we'll be going through these resumes later, [2:34:27] but Ebenezer brings Minnesota's deepest experience in senior development and operations, uh even creating the very [2:34:34] financing mechanism that is used to finance senior cooperative housing. Set properties leads retail activation and [2:34:41] placemaking along with underdog hospitality uh as a local communitycentric operator. You may be [2:34:46] familiar with Daario, the restaurant concept in the north loop uh in the T3 building. Um and of course BKV which is [2:34:53] a well-known entity to the city of Adina um as well as many other Twin Cities municipalities delivers thoughtful high [2:35:00] impact projects. Just a quick diagram to try to make this [2:35:05] a little bit more familiar. Um this represents the dis the structure of the [2:35:10] development team. Uh each real estate asset type. So the senior cooperative, the senior active affordable housing uh [2:35:18] and the community food and beverage concept elements are all paired with a proven specialized developer andor [2:35:24] partner. Um onward will be the lead developer and then we are also working through the uh senior affordable housing [2:35:32] concept that we have proposed here. Uh, with that, I'm going to turn it over [2:35:39] to Chris Palooich, who's the senior design leader at the BKV Group, and he's going to walk through our vision uh, [2:35:46] with architecture, landscape, and the scale of the project. Go ahead. Thanks, Chris. Good morning, commissioners. Glad to be here today. [2:35:53] Our concept takes into account numerous city goals, including the goals of the RFP, the pillars of Edina, and the Grand [2:36:00] View guiding principles overall. And Mike Rich and I of BKB Group are quite [2:36:05] familiar with the Grand View guiding principles and some of these other city goals as we just recently worked on the [2:36:10] Mesa Green project just uh across the parking lot here. And the concept you're [2:36:15] going to see today is just merely a starting point. It's our goal to work handinand with the city as the [2:36:21] development progress progresses. We didn't really want to overdevelop it. That's you'll see mainly white boxes [2:36:27] here because we really want input from key stakeholders, from the city, from the from the neighbors, from from [2:36:33] everyone around to really make this a great project. Overall, with these goals in mind, our broad [2:36:38] development team created a shared vision for the development. Our [2:36:45] concept creates a high-quality mixeduse development including a 60unit senior co-op with attainable price points, a [2:36:52] 100 unit 55 plus affordable senior housing building, an event center and [2:36:58] restaurant, and a corner shared green that will be open to the public. The designs of the building focused on [2:37:04] creating vibrant walkable life-filled spaces. And what we incorporated into it [2:37:10] was act really looked at focusing on active street fronts. And that includes the walk up town homes. Please go back a [2:37:17] slide if you would here. Walk up town homes that you see in the red on the diagram and the the street facing [2:37:23] lobbies on on the two larger on the two larger buildings. The blue building is the restaurant event center and that's [2:37:30] really tucked up near the street as well to have a continue that kind of walkable experience and presence. And then up in [2:37:36] the top right corner is the is the open green space that you'll see more in in the next couple slides. And then lastly, [2:37:42] I just want to say sustainable design was was a thought throughout the design. And we can speak about that a little bit [2:37:49] more, but it's something that we we're is a piece on each step we make on the [2:37:56] decisions, but not necessarily fully ironed out as we're early in the development process. [2:38:01] Okay. Uh going to a few points on key site organization here. Starting up in the [2:38:08] the top right corner is our community green space. We have we're showing some [2:38:13] uh this is just very preliminary what we're thinking about but proposing some sculptures and a small amphitheater. And [2:38:19] that's directly connected to the pathway and the art bridge going across the the railroad tracks as well. And then it [2:38:26] really centrally locates that green space as well for the other for the other buildings around in the center of [2:38:31] the district. The event center is just immediately to the south of that and that will be able to utilize the green [2:38:38] space for some of the events as well shared overall. And and then we really were thoughtful in the way that we [2:38:44] approach the parking as well that you can see most of the parking is to the rear of the event center space. There's [2:38:49] there's a little bit of a drop off and on on the side and then much of the parking I'll show you in a future slide is really buried into what will be the [2:38:56] side of the hill as well. The affordable building is the centrallylo building and then the co-op [2:39:03] is the south building with views to the ball fields. And just one thing to point out, the co-op and the affordable [2:39:08] building have a shared entry court off of Arcadia and that's really to minimize curb cuts and enhance the overall [2:39:14] pedestrian experience and vitality of the area. The resident courtyards are [2:39:19] are very gracious as you can see overall and you can just get a further sense from the from the bird's eyes. Although [2:39:26] we are proposing a a nice blend of projects, it is still very open and [2:39:32] green. A couple of pedestrian level views to [2:39:37] just show just a little bit more detail of our development. The upper one is a feel of the walkup units along Eden [2:39:44] Avenue. And this incorporates porches and bays and movement along the exterior to create a rich visual experience [2:39:51] overall. And then you can see that the the upper portion of the the residence is stepped back from that about 30 feet [2:39:57] overall. on the lower on the lower image. It's uh just a preliminary image of the the [2:40:04] corner green as well, just to give a little feel of potentially that what that may feel like and the connection to [2:40:09] the existing uh existing infrastructure that the city has already put into it. [2:40:17] And then lastly, just a couple last details we want to highlight on the the upper building section. We we really [2:40:23] thought about the the o overall the the grade change along the site and how to [2:40:28] incorporate these buildings into it in a thoughtful way and terrace them up to meet the street as as it moves up. So [2:40:35] what we've done is we've built the parking primarily into the hill but uh you see some of it is above the hill a [2:40:41] little bit here too. That that's so that all the units are above the railroad tracks by at least a story. We didn't [2:40:48] want anyone with a unit down by the tracks. But within that, the the lower left image then shows when when you are [2:40:55] starting to become above grade that all of the parking is buried in the back that we're wrapped with town homes and [2:41:01] lobby along the street facing sides. So that way it'll be an active experience throughout. And then lastly in the [2:41:07] bottom right you can see that the residents are really stepped back overall from from the town homes. [2:41:14] So with that lastly, we we've really thought of our development as kind of [2:41:20] right sizing it to the not maximizing the density but right sizing it to fulfill the vision of the Grand View [2:41:27] District Master Plan. Thanks. Yeah, thank you. [2:41:34] Few other additional elements to the proposal. Um thanks for that overview, Chris. Much appreciated. Um I'll briefly [2:41:40] walk through the financial concepts and just the timing of the project. Um the [2:41:47] proposed acquisition price is $4 million. We would additionally seek to create a tax increment financing [2:41:53] district um which would mainly serve to facilitate some of the on-site parking [2:41:58] infrastructure that was mentioned um which is currently buried underneath the [2:42:03] uh senior active affordable project. um as well as just really enhancing the [2:42:08] pedestrian experience along Eden uh and Arcadia so that we can ultimately get up [2:42:13] into kind of the apron where the pedestrian crossing is at the railway connection. Um and if we had some added [2:42:20] dollar availability from that, we would also seek to kind of look at some micro multimodal options. Uh we've looked at [2:42:27] some like ebike sharing systems and things like that uh to really kind of facilitate like a 15-minute city [2:42:33] concept. Um, while it doesn't, our proposal doesn't explicitly state this, I just wanted to note, uh, at least the [2:42:39] affordable project will be utilizing prevailing wage rates. Uh, that's a requirement with Minnesota Housing [2:42:44] Finance Agency. Um, and I think it's important just to understand that within that endeavor. Um, and overall with [2:42:51] respect to the timeline, uh, our our team would be looking to be awarded the [2:42:56] RFP here in the third quarter of 2025. And then just really fast forward uh we [2:43:02] would expect to deliver all elements of these uh the completed project in the first quarter probably late first [2:43:08] quarter of 2028. Um one thing I wanted to briefly touch on just because I know that it could potentially be a future [2:43:15] conversation starter is the timing on low-income housing tax credit projects. Uh they do take some patience. Uh [2:43:22] however, what we would seek to do is make an application to Minnesota management and budget to secure bonding [2:43:28] as soon as we could, most likely in the first quarter of 2026. Uh and essentially that gets you on the wait [2:43:34] list so that we could prepare to be ready to execute on the low-income housing project as soon as we were [2:43:40] allocated bonds. And that's really the critical path. The rest of the financing elements we can bring along in time. Um, [2:43:47] and I think overall our timeline is realistic. [2:43:54] In summary, we're presenting a vibrant, walkable, life-filled place that is inclusive of many spaces and ages. It [2:44:00] meets various community needs for this location and complements a lot of the existing infrastructure that has been uh [2:44:07] already invested in. Uh, and we're creating more neighborhood permeability with natural space and wayfinding and [2:44:14] fulfilling the Grand View District vision. that's been around for shoot maybe 20 years at least 10. Um so now [2:44:21] we're just going to do a brief team introduction so you can see that we do have the the hood spot to execute on [2:44:26] this. Um you'll hear from myself followed by Susan and Josh with uh [2:44:31] Ebenezer and Atoria as well as Lamar from Set Properties and Steven from [2:44:37] Underdog Hospitality uh who will walk through the food and beverage concept and real estate. And we'll close with [2:44:43] BKB's senior leadership team. Oddward Otar Investors is a privately [2:44:49] held real estate firm with a 15-year track record here. And most of the founders actually date back significantly further than that 15-year [2:44:56] track record. We have investments and developments across multiple asset classes. uh pretty much all of the ones [2:45:02] that you could think of. And we bring an institutional platform with local roots and capital uh focused on building [2:45:10] legacy projects that serve both the investors and the communities that we operate in. My specific background uh [2:45:17] includes structuring public and private partnerships such as the Burkeman Apartments in Rochester, Minnesota, uh [2:45:23] Ratio Apartments in Columbia Heights, uh Chorus Apartments in Hopkins, Minnesota. [2:45:28] These are all projects that leverage scarce municipal resources for inclusive and sustainable outcomes. Uh the site is [2:45:35] also in my backyard. Uh I'm technically in southwest Minneapolis, but I can throw a football into Edina. Um and we [2:45:43] view this as these opportunities are long-term. We feel that they provide stewardship for us to be working and [2:45:49] continue working in in the city of Edina itself. [2:45:54] With that, I'll turn it over to Susan. Thanks, Mr. Osmanson. [2:46:04] Okay, thank you everyone. I appreciate your time. I'm Susan Far and I'm the VP [2:46:10] of business development at Ebenezer and I'm very proud to be here and you should be all so excited. We love your land. [2:46:16] Just want you to know that I personally have built 58 senior buildings since my career since college. So, I'm very [2:46:23] excited about that. And we were the first senior. Well, that will be I'm [2:46:30] sorry I'm getting too excited here, but just want you to know Ebenezer's been around over a hundred years. We're part [2:46:36] of Fairview. We merged with Fairview in 1995. We love that we have that TCU [2:46:42] hospital connection and we have over 110 locations in six [2:46:48] different states and we serve over 14,000 seniors. And in our corporate [2:46:53] office here in um Edina, which not all our properties are here, of course, we [2:46:58] have 4,700 employees. So um can you just go back one second? [2:47:04] Yep. Okay. Just what we have 60 co-ops. We're the largest co-op management company in [2:47:09] the nation. We have 50 communities that um we've did developed with Ebenezer [2:47:16] 4.15 million and we are ranked 13 in the nation for the senior housing provider [2:47:23] in our management company. Next, Chris. So, here's just some of our projects [2:47:28] just in Edina and I've had the privilege of working with the mayor and commissioners. It was been great. Aurora [2:47:35] on France, York Gardens, um 7500 York is probably our standout here. That is the [2:47:43] first cooperative in the nation that was designed with a very smart group of [2:47:49] people. And it's a HUD 213 loan, which all these people now use for these [2:47:56] co-ops. that has a 20-year weight list for some of the two-bedroom apartments, [2:48:02] 10-year weight list for the smaller two-bedrooms, and we still manage that [2:48:08] to this day. But we are very excited about that and happy that other people [2:48:13] have also piggybacked on that. But we have 250 people in our corporate office [2:48:19] here in Edina and that is for our management arm of all of these properties. We also manage Vernon [2:48:26] Terrace and of course I mentioned we're part of Fair View. So thank you. [2:48:32] Thanks Mur. Uh good morning. Uh thank you for the opportunity to uh speak with you here [2:48:38] today. Uh I am here representing Leap Development Company and Atoria Cooperatives. Uh I've spent just about [2:48:44] 15 years um building more than 15 senior cooperatives uh communities in the Midwest across multiple brands. uh [2:48:51] honored to be partnering with Ebenezer on the Atoria cooperative brand itself. Uh that experience has shown us that [2:48:56] cooperatives don't just serve seniors. Uh they actually really do strengthen neighborhoods and we've seen that time [2:49:01] and time again on the projects we've developed. Oftent times about 80% of the members that move into a cooperative are [2:49:08] vacating homes directly in the zip code uh where that project is being built. Uh [2:49:14] and so it's it's not just meeting or bringing folks in, it's meeting a mo a [2:49:19] local need in a sustainable way. Uh Atoria cooperatives are designed to foster pride and ownership not just [2:49:25] within the building but within the surrounding community as well. Um when when older residents, as I touched [2:49:32] on just a moment ago, uh move into Atoria, they free up existing home stock for young families. And that really does [2:49:39] create uh a natural and intergenerational uh cycle that keeps neighborhoods vibrant and rooted. Uh [2:49:45] story of Grand View Terrace at Arcadia, that's a bit of a mouthful, Chris, we might have to talk about that. Uh is uh [2:49:51] is the next evolution of of senior cooperative living. uh really drawing on our experience as well as Ebenezer's uh [2:49:58] experience and um legacy as as Susan mentioned the largest senior cooperative [2:50:04] management company in the nation. So our group together combined with our with our efforts and expertise really feel [2:50:10] like we're not building just housing. Uh we do believe that we're building community stability and opportunity uh [2:50:15] on this site here in Edina. So thank you. Yes. Thank you, Lamar. [2:50:24] Well, thank you uh and good morning, commissioners, and thank you for the opportunity to collaborate uh with you [2:50:29] all this morning. Uh my name is Lamar Newburn, and I'm a founding partner of Set Properties, a boutique commercial [2:50:36] real estate brokerage and advisory firm with more than four decades of combined experience throughout the Twin Cities as [2:50:42] well as uh throughout the Mountain West. We are honored to serve as a co-development partner uh for Grand View [2:50:50] Terrace at Arcadia alongside this exceptional team uh before you today and [2:50:55] uh when selected uh look forward to contributing to the future of this significant site within Edina's Grand [2:51:02] View District. Our focus today uh is on the concept visioning for the [2:51:08] approximately 9,000 square foot food and beverage or FMB uh space within Grand [2:51:13] View Terrace at Arcadia. We are in active conversations with both members [2:51:19] of our surrounding community uh as well as prominent restaurant groups in the area. [2:51:24] One primary conclusion from our conversations thus far that rings true is the desire for an interconnected, [2:51:32] welcoming, community oriented space that incorporates the existing infrastructure [2:51:37] already in place and facilitates gatherings throughout the day and across all four seasons. We [2:51:45] have listened to this feedback and are committed to cultivating a dynamic environment that meets the needs of the [2:51:51] community both today and far into the future. To help bring this vision to life, we are collaborating with Underdog [2:51:58] Hospitality, the team behind Daario Restaurant in the North Loop, which was previously mentioned. I am very excited [2:52:04] to invite Steven Row, managing partner of Underdog, to share more thoughts about our proposed concept and what it [2:52:11] means for our community. Stephen. Yeah. Thank you, Mr. Newurn. Mr. Ro, [2:52:17] welcome. Thank you. Um, good morning everybody. I'm here to talk about the food and [2:52:22] beverage concept that we'd like to place here. And, um, the name is the Arcadia [2:52:29] Bar and Cafe and the Conservatory on Eden. Um, [2:52:35] starting with the cafe and bar service would be grab and go and um, coffee in [2:52:42] the morning. We'd move on to full restaurant service in the afternoon and evening. And um, this is a restaurant [2:52:50] that would serve about 120 seats inside and 48 outside. So kind of a moderate [2:52:58] size restaurant. But what's really really exciting about the opportunity here is uh the restaurant concept will [2:53:05] be placed on top of the event center. So that would allow for um semi- panoramic [2:53:10] views all around the restaurant. And that's really great. Um the restaurant [2:53:16] that I own right now, we have gigantic windows, but we don't have the opportunity to see kind of above. and [2:53:23] with an adjoining courtyard and amphitheater presents like a a really [2:53:28] really exciting opportunity. Um when we think about summer views, you know, you [2:53:34] you've got all this wonderful sunlight and in the winter you've got the blanketing of snow. We just want to [2:53:40] create a nice vibrant um fresh and clean looking restaurant. Uh on the on the [2:53:48] bottom of the restaurant, we have the conservatory on Eden, which is meant to be a a modular event center. And what [2:53:57] that means is instead of having fixed walls and kind of set rooms, you have [2:54:04] sliding walls and sliding spaces so that you can accommodate smaller groups. um [2:54:10] maybe a smaller wedding party at the same time as a graduation party on the [2:54:16] other side. And again, what's really exciting about this project is we kind of envision a group starting with like a [2:54:25] nice happy hour and drinks in the restaurant. Um having a ceremony outside [2:54:31] and then coming in uh to the event center for reception. And you know that [2:54:36] goes that goes for even retirement parties, corporate events. Uh really [2:54:42] want to embrace this open air feel and um create create natural views and a [2:54:49] warm inviting space for all sorts of members of the community. Uh now the [2:54:56] kind of the the nice thing about having an in-house um food and beverage team [2:55:01] with an event center is that you can create really great synergy um in terms of what you serve and seasonality and [2:55:10] really really locking in and creating a consistent experience for the people that come in for dinner and the people [2:55:16] that come in for events so that nobody feels like they're getting the short end of the stick. everybody's getting a high [2:55:22] quality experience and everybody can kind of feel the beauty of the the room, [2:55:28] the food, um, and the atmosphere. We really want to create a very very light, [2:55:35] buoyant space here instead of it being kind of like a a darker, um, kind of [2:55:41] wooden steel type of restaurant. Um, another element that I just want to [2:55:48] touch on is the aesthetic of the restaurant itself. Um, and it's a kind of like a [2:55:56] bright market European feel. We have this bar that not only serves uh coffee, [2:56:02] but again the graband go in the morning and then a nice open dining room. Um, [2:56:08] and with that being said, I thank you for your time. [2:56:13] Yeah. Thank you, Commissioner Ro. We'll bring it home. We got about five minutes left. Yeah. All right. I'll go for less than one [2:56:20] minute. Good morning, commissioners. Uh my name is Mike Rich. I'm president and senior partner for BKV Group. Our [2:56:27] company uh was founded over 47 years ago in the Twin Cities. Uh we have worked prolifically both locally and nationally [2:56:34] on over 400 projects in the public and private sectors for this entire period with a basic mission to enrich lives and [2:56:40] strengthen communities. Our holistic practice with full services propels us to deliver the highest quality outcomes. [2:56:47] Uh specific to the city of Adina, if you want to click to the next slide, Chris. [2:56:52] Um we know how to realize the cities and the community's goals. Um I say this [2:56:58] because over 20 years ago, uh then council member and now mayor Hland has challenged BKV over and over again to do [2:57:05] our best work for the city. Uh I've had personal conversations for making that [2:57:11] clear and I believe we have delivered on that promise with projects such as the Dina City Hall and police building that [2:57:16] we're sitting in are one Southdale Place, the Fred, Miss Green, and most [2:57:22] recently fire station number two. We are committed and dedicated to fulfilling this critical piece of the Grand View [2:57:28] master plan to take it from a vision to a reality. With that, we'll open it up [2:57:33] for questions. Thank you. All right. Very good. Thank you. Um, council member or yeah, Commissioner [2:57:39] Jackson. Yes. Thank you, Mr. Chair. Briefly, the amount of pvious surface and I think you [2:57:45] touched on environmentalism um and sustainable, so I won't ask that question, but how much pvious surface [2:57:50] are we talking about? We're we're looking about 35 to 40% [2:57:56] right now is just for for where we're laid out. But I said very preliminary and flexible. [2:58:02] Okay. Thank you. Uh, council member Commissioner Russer. [2:58:08] Um, how large like square footage are you estimating the units that are 50% AMI, [2:58:16] 60% AMI, 80% AMI? Are those uh, commissioner, are those [2:58:21] within the affordable housing concept or? Yeah. Uh, so well the size wouldn't be [2:58:28] dictated by the area median income affordability. So, I mean, if it's a if it's a onebedroom, it would likely be [2:58:35] approximately 700 square f feet to 800 square f feet. If it's a two-bedroom, it would be approximately 1,000 to,200 [2:58:42] square feet. Um, and so, but we would be required to distribute the affordability [2:58:48] throughout the building in a prata manner, right? am just um seeing [2:58:56] uh concepts for affordable houses or affordable rentals and they're really small and then I look at the market rate [2:59:02] prices for a small unit and so that's what I'm wrestling with right now. Oh, sure. Yeah. So, this would be a [2:59:08] senior affordable concept. So, we we need to make them congruent with what with what would otherwise be offered in [2:59:15] the marketplace. So, uh this isn't going to be an urban concept where we're going for like a microunit concept. that would [2:59:22] be comparable to um any other senior living facility. [2:59:29] You commissioner, thank you and thank you for the great collaboration across so many different [2:59:36] folks. I I do really appreciate that. Um my questions were only going to be about the event center because I think that [2:59:42] that's something that's really unique um and was exciting to see. But you you gave a really good overview. I wanted to [2:59:49] know, you know, what might be here. or give me some of that inspiration. Um, so thank you for going through that. I [2:59:54] don't have any direct questions right now. Um, but overall I just I wanted to thank you again for for pulling the [3:00:00] presentation together. This has been really great. I'm going to segue right off of that because I'd like to understand a little [3:00:06] bit better what you see uh with respect to this event center and is it something that is owned privately or is it [3:00:12] something that we own that you use and operate or what what your what were your thoughts there? [3:00:18] I I can elaborate on that just in sort of I guess being the lead developer. Um but I think the intent was we we didn't [3:00:25] necessarily want to you know lay off that element to the city um and be respectful of the fact that we would [3:00:31] ultimately be responsible for the operations and the elements of that. Um, but the location of it, um, in being on [3:00:39] the north side and just adjacent to the pedestrian facilities for the crossing, we I mean, we do want to emphasize we [3:00:45] we'd like to figure out how to make it a a public private element that could be utilized for for more than just private [3:00:51] events. Um, and we're really excited about that location because we I don't know if you've if you've been in [3:00:57] Jerry's, right, it's like the craziest place I've ever been. um we want to [3:01:02] figure out how to get people from I don't know if you can do it but just to walk up that hill and come across that [3:01:08] pedestrian crossing and come to here and then they can go to Hilltop. So it's just this natural confluence and yeah we [3:01:14] we really hope it is a kind of a public private endeavor but it would be undertaken by by us um with with quite a [3:01:22] bit of flexibility I imagine in a in a development agreement. Okay. Yeah. So now I just add on to that that [3:01:29] um obviously we're uh very much hoping to uh be very open and collaborative [3:01:35] with uh uh you all commissioners and and city council uh throughout that whole [3:01:40] process. So uh open, collaborative, flexible and and listening to the community uh to serve the community in [3:01:46] the best way possible. Thanks Mr. Newurn. Uh Mr. Osmanson, uh let's talk financing quickly here. We [3:01:52] got a couple minutes. Absolutely. We're on we're on the mark, I guess. Okay, one minute. Uh, so you're thinking about [3:01:58] four million plus you said they're going to need some tiff and then I heard you talking about uh Minnesota management [3:02:03] and budget and going to get some bonding money. I didn't hear you talk about Minnesota housing finance. Uh, all of [3:02:10] that takes time. What what what are we thinking about here uh and how to [3:02:16] you know what what portion of that becomes uh tax increment financing on the 4 million? what you know to the I [3:02:23] guess we're talking about the structured parking. The architects may have some rough idea of what that number is based [3:02:28] on their knowledge of the cost per stall. Sure. Uh but the other parts of it I'm [3:02:34] interested in as well is to if you have to go get other public funds to fund the affordable part of it, how long is that [3:02:40] going to take? So we would look to so specifically uh let me break it down. So, uh, if we were [3:02:47] going to look at the the tax increment financing piece, most of that increment is derived by the senior cooperative [3:02:53] housing, um, as well as the retail concept. So, the district would be for the the whole three parcels that's [3:02:59] envisioned. And then we would be using it for eligible uses of of parking and landscape activation. I I the [3:03:06] approximate value that I put on that from a present value perspective was $4.4 million over the course of anywhere [3:03:13] from 15 to 25 years. Um, if we then look at specifically the low-income housing [3:03:19] tax credit process, uh, you know, it it is a more patient process. However, what [3:03:25] I was referencing is the bonding process is just the normal process that you go through for a tax credit project. Uh, [3:03:32] the critical path is securing those bonds. After that, the ability to get tax credits and things like that is um [3:03:38] is is a very liquid environment. And what happens is if we were to make an application in January of 2026, you have [3:03:46] a year and a half to receive those bonds. We would likely there's been some federal changes that will make it easier [3:03:53] to receive those bonds as opposed to kind of the stacking mechanism that's been going on for about the last 7 to 8 [3:03:59] years. Um, and so the timeline of opening everything in quarter 1 of 2028 [3:04:06] is realistic and it assumes that we potentially are I'll say I'll say [3:04:12] waiting, it's not the correct word, but that we are waiting to get those bonds and we would basically have everything else in place to start right there. The [3:04:18] senior cooperative housing that's a that is a uh HUD debt concept and then the [3:04:24] equity comes from the uh purchasers. So it is actually more of a captive [3:04:31] financing uh capital stack. You don't suffer from some of the uh macroeconomic [3:04:38] kind of convulsions that have been recently happening where projects have just stopped and died. Um there's [3:04:44] liquidity. It's just kind of depends on what the pricing elements are of that. So hope hopefully that's helpful. [3:04:49] So the time horizon then for starting construction would be when and completion would be when. So let's just [3:04:56] say the the longest possible time uh would be from we would receive bonds on [3:05:04] the litec opportunity let's say in January of 2027. So then we have an approximately [3:05:12] year to to build that and so that puts us right into that first quarter of 2028. At 100 units it's probably [3:05:18] anywhere from a 12 to 15month construction schedule. And in the meantime you're working on the other component parts. [3:05:23] Yep. Absolutely. So the the senior cooperative has a different sale process that All right, that helps. [3:05:28] Yep. Okay. Thanks, Mr. Rossson. Thanks to your entire team again. Thank you so [3:05:34] much for being interested in being in Edana. We really appreciate it. Of course, we know Eenezer has been here [3:05:40] for a long time and doing a good job on everything they manage. So, thank you. Thank you, Mr. Chair. Thank you, commissioners. [3:05:45] Thank you. Have a great day. [3:05:52] All right. So that was our our fifth presentation for the morning. So it's been a long morning. What we had in mind [3:05:58] was to take a break from the public meeting and adjourn and discuss what you [3:06:03] just heard. Uh the potential sale of real estate is one of those rare situations where we can uh adjourn the [3:06:10] public meeting and have the private conversation about price point and which is the the uh proposal that might be the [3:06:18] best fit. We can't have that in a closed setting. uh can't make any decisions there. Uh no final actions. Uh but it [3:06:25] does uh provide a sense of privacy and the ability for the uh for the uh for [3:06:31] the city to still negotiate the best price and the best project. So that'd be my recommendation to adjourn to a close [3:06:38] session and uh discuss what we just heard. All right. So give us a couple minutes for a break and then we'll go to that uh [3:06:44] notion. I think we're all prepared for that. I think doing having this conversation fresh in time. I wish uh [3:06:51] our colleague Commissioner Pierce was here, but nonetheless, the four of us will uh have a I think a robust [3:06:58] conversation on this. So, uh should we take five minutes for a break and then reconvene at 10:15? [3:07:06] What? Need a motion to go into close close session before we take the break? Well, our table for right now, right? [3:07:13] Isn't that what I mean? We've just been taking breaks. Why can't we take a break and then go into close session? [3:07:20] I mean, I don't want to It might be easy to to easiest to make the motion now to go to close session [3:07:26] and then on your way to the close session. I'm not fussy about process. If that you think's the best way to do it, that's fine. [3:07:31] Uh, is there a motion to go into close session as permitted by Minnesota statutes 13D.05 subdivision 3 to review [3:07:37] and discuss the proposals for the sale of land at 5146 Eden Avenue? So moved. [3:07:42] I second. We got a motion and a second. Motion by Commissioner Jackson, second by [3:07:47] Commissioner Agnu to um go into close session to discuss the proposals for the sale of land at 5146 46 Eden Avenue. Any [3:07:55] further discussion? All those in favor of going into close session for that purpose say I. I. I. Opposed. Carried. Uh we will now be [3:08:04] in close session for purposes of that conversation and take just a short break before we start that conversation in [3:08:10] earnest. [3:08:16] Well, folks, we've been in uh in close session pursuant to Minnesota statute 13D.05, subdivision 3 to review and [3:08:24] discuss the five proposals for the sale of land at 5146 Eden Avenue, the former [3:08:30] uh public works site. Uh we've been in conversation for quite a bit of time now [3:08:36] and it's it's time to move back into open session and then we'll give a summary brief summary of what took place [3:08:42] in the closed session. And so the first of all we need a motion to go back into open session uh as as prescribed by [3:08:50] Minnesota statute 13D.05 subdivision 3. Is there a motion to go back into open session? [3:08:55] So moved. I second. Commissioner Jackson moves Commissioner Agnu uh seconds the motion to go back into open session for [3:09:02] the HRA uh on this 24th day of July 2025 [3:09:07] uh with respect to the um discussion of the sale of land prospective sale of land at 5146 Eden Avenue. Any further [3:09:15] discussion? Those in favor of going back into uh open session with regard to this matter say I. [3:09:20] I opposed. Carried. We're back in open session and um I can tell folks that we [3:09:26] had uh that will be listening to this tape. We had uh a terrific experience [3:09:32] this morning listening to five very experienced developers with the ability [3:09:38] to deliver to deliver uh products uh on the old public work site work site that [3:09:43] 3.3 acres uh that were all different in in vision [3:09:48] and scope. uh all of them had their own positive elements. Uh they all had a [3:09:54] positive impact to the city budget. I think uh the you know the values that were provided in terms of the estimated [3:10:01] land values for the property to be sold potentially sold. Uh they certainly had [3:10:06] the ability to close uh on the deal. As I said, they're all very experienced developers with uh deep resources [3:10:13] uh and as mentioned earlier uh compatible in different ways with city vision. Uh we have directed our economic [3:10:21] development manager, Bill Nondandorf, to um begin work with one of those five [3:10:27] developing uh entities. I guess it's a it was a combination of entities, most of them. And he has that direction in [3:10:34] mind. Uh and he's going to start conversations with one of those five that we interviewed with this morning [3:10:41] and discussed in closed session. So that's I think uh the summary of what took place this morning and um we'll now [3:10:48] think about adjourning if we had a motion to adjourn. So moved. I second. A motion by Commissioner Jackson, second [3:10:55] by Commissioner Agno to adjourn the meeting the special meeting of the housing redevelopment authority this [3:11:01] Thursday, July 24th, 2025. Any further discussion? All those in favor of adjournment say I. [3:11:07] I. I. Opposed. Carried. The H on this 24th day of July, 2025 stands adjourned.