Jan 17, 2023 Planning &amp; Zoning Commission

ALL OPPOSED? ANY ABSTENTIONS? VERY GOOD.

[2. Discuss and Consider Action on Election of a Chair and Vice Chair for the Planning and Zoning Commission.]

NOW WE ALSO, TONIGHT, AS WE DO EVERY JANUARY, WE HAVE ELECTION OF CHAIR AND VICE CHAIR P AND Z.

DO I HEAR ANY NOMINATIONS FOR VICE CHAIR? I WOULD LIKE MR. FRANCISCO.

QUESTION.

DON'T YOU SAY VICE CHAIR.

VICE CHAIR? YEP.

IS THAT YOUR MOTION? MM-HMM.

ALRIGHT.

WE HAVE A MOTION FOR, WE HAVE A NOMINATION FOR COMMISSIONER CHRIS D FRANCISCO AS VICE CHAIR.

ANY OTHER NOMINATIONS FROM THE FLOOR? AND I GOT A MOTION FOR ACCLIMATION FOR CHRIS'S APPOINTMENT.

ALL THE FAVORS SAY AYE.

ALL OPPOSED EXTENSIONS.

ALL RIGHT, CHRIS, I'M GONNA TURN IT OVER TO YOU TO TAKE NOMINATIONS FOR CHAIRS.

SO, UH, THE NEXT POINT OF BUSINESS IS NOMINATION CHAIR.

ARE THERE ANY NOMINATIONS I WOULD LIKE TO NOMINATE TOM FOR THE CHAIR ZONING COMMISSION.

THANK YOU, BOB.

IS THERE A SECOND? SECOND.

ALL IS IN FAVOR? AYE.

[3. Hold a Public Hearing, Present, Discuss, and Consider Action on a Recommendation regarding an Ordinance Amending the Development Plans for Planned Development (PD) District Ordinance No. O22-27 for a 1.47 Acre Property located at 3820 Belt Line Road, to Allow for the Construction of a proposed Bank with a Drive-Through and associated Site Improvements. Case 1871-Z/3820 Belt Line Road (Frost Bank). ]

WITH A REGULAR BUSINESS.

UM, FIRST ITEM UP FOR BUSINESS IS THE HOLD OF PUBLIC HEARING.

PRESENT, ASSESS AND CONSIDER ACTION ON A RECOMMENDATION REGARDING AN ORDINANCE AMENDING THE DEVELOPMENT PLANS FOR PLAN DEVELOPMENT PD, DISTRICT ORDINANCE NUMBER OH 2227 FOR A 1.47 ACRE PROPERTY, LOCATED AT 38 20 BELTLINE ROAD TO ALLOW FOR THE CONSTRUCTION OF A PROPOSED BANK WITH A DRIVE THROUGH AND ASSOCIATED SITE IMPROVEMENTS.

THIS IS CASE 1871 Z SLASH 38 20 BELTLINE ROAD, FROST BANK, LESLIE, GIVE A STAFF REPORT.

GOOD EVENING, LESLIE KNIGHT, PLANNING AND DEVELOPMENT MANAGER FOR THE TOWN.

UH, THIS ITEM, UH, WE ARE ASKING YOU ALL TO, UM, POSTPONE THIS ITEM TO THE FEBRUARY 21ST PLANNING AND ZONING COMMISSION MEETING, UH, TO ALLOW SOME, UH, ADDITIONAL REFINEMENT ON THAT ITEM.

DO YOU EXPECT TO SEE IT NEXT MONTH? YES.

DO I HEAR A MOTION? SO, MOTION, YES.

ANY, ALL MAYS, ANY ABS EXTENSIONS? VERY GOOD.

POST PHONE.

[4. Hold a Public Hearing, Present, Discuss, and Consider Action on a Recommendation regarding an Ordinance Rezoning 13.7 Acres generally located at the Southeast Corner of Addison Road and Festival Way and the Northeast Corner of Quorum Drive and Arapaho Road, from Commercial-1 (C-1), Planned Development (PD), and Urban Center (UC), to a new Planned Development (PD) Zoning District, to Allow a Transit-Oriented Mixed Use Development Comprised of Multifamily Residential, Office, Parking, Restaurant, Retail, and Entertainment Uses, and Associated Public and Private Open Space and Common Areas, Through the Approval of a Concept Plan and Development Standards. Case 1860-Z/Addison Circle Station - Phase I.]

ITEM NUMBER FOUR, HOLD A PUBLIC HEARING PRESENT, DISCUSS AND CONSIDER ACTION ON A RECOMMENDATION REGARDING AN ORDINANCE RESIGNING 13.7 ACRES.

GENERALLY LOCATED AT SOUTHEAST CORNER OF ADDISON ROAD AND FEST.

FOUR WAY IN THE NORTHEAST CORNER OF CORN DRIVE AND ARAPAHOE ROAD FROM COMMERCIAL ONE PARENTHESIS C DASH ONE ES.

PLAN, DEVELOPMENT, PD AND URBAN CENTER, UC, TO A NEW PLAN DEVELOPMENT PD ZONING DISTRICT TO ALLOW A TRANSIT-ORIENTED MIXED USE DEVELOPMENT COMPRISED OF MULTI-FAMILY, RESIDENTIAL OFFICE PARKING, RESTAURANT RETAIL AND ENTERTAINMENT USES, AND ASSOCIATED PUBLIC AND PRIVATE OPEN SPACE AND COMMON AREAS THROUGH THE APPROVAL OF A CONCEPT PLAN AND DEVELOPMENT STANDARDS.

THIS IS CASE 1860 DASH Z SLASH ADDISON CIRCLE STATION, PHASE ONE.

KEN, CAN I HAVE STAFF REPORT, PLEASE?

[00:05:01]

GOOD EVENING COMMISSIONERS.

KEN SCHMIDT, DIRECTOR OF DEVELOPMENT SERVICES FOR THE TOWN.

SO THIS REQUEST IS TO, UH, REZONE, UH, JUST OVER 13 ACRES, UH, UH, LAND THAT HAS BEEN, UH, RECENTLY REFERRED TO AS THE T O D OR TRANSIT ORIENTED DEVELOPMENT.

UH, ALSO CALLING IT ADDISON SERVICE STATION.

UH, SO THIS REQUEST IS TO REZONE TO A NEW PLAN DEVELOPMENT DISTRICT TO SUPPORT A MIXED USE DEVELOPMENT COMPRISED OF MULTI-FAMILY, RESIDENTIAL OFFICE PARKING, RESTAURANT RETAIL AND ENTERTAINMENT USES, AND ALSO SOME, UH, PUBLIC PRIVATE OPEN SPACE AND, UH, UH, SOME, UH, STREET INFRASTRUCTURE.

UH, IT'S, UH, INCLUDES CONSIDERATION OF A CONCEPT PLAN AND DEVELOPMENT STANDARDS THAT WOULD, UH, BE ADOPTED AS PART OF A PLAN DEVELOPMENT DISTRICT, UH, FOR THIS PROPERTY.

THIS PROPERTY IS, UH, GENERALLY LOCATED AT THE SOUTHEAST CORNER, UH, FESTIVAL WAY, UH, AND ADDISON ROAD, AND THEN ALSO AT THE, UH, NORTHEAST CORNER OF, UH, FORUM, UH, DRIVE AND ARAPAHOE ROAD.

UH, SO THIS SITE HAS PRETTY SUBSTANTIAL, UH, HISTORY IN THE TOWN.

UM, IT'S REALLY DATES BACK, UH, AS FAR AS CONSIDERATION OF A MIXED USE DEVELOPMENT, UH, BACK TO THE NINETIES.

UH, SO AS ADDISON CIRCLE, UH, WAS BEGINNING TO COME TO FRUITION THROUGH, UH, PLANNING, AS WELL AS, UH, COLLABORATION, UH, WITH THE DEVELOPMENT TEAM FOR THAT PROJECT, THE TOWN WAS ACQUIRING LAND, UH, FOR ADDISON CIRCLE PARK, BUT ALSO, UH, THIS 13 ACRES THAT WE'RE TALKING ABOUT TONIGHT OVER THE YEARS, AS CONSIDERATION OF, UH, MAJOR INFRASTRUCTURE INVESTMENT IN THE FORM OF A, UH, DART RAIL STATION, UH, HAS BEEN CONSIDERED, UH, THE TOWN VERY PROACTIVELY.

UM, WENT THROUGH A SPECIAL AREA PLANNING PROCESS FOR THE ADDISON CIRCLE AREA.

UH, MUCH OF THE FOCUS, UH, WAS ON THIS AREA, UM, BUT ALSO, UH, SOME OF THAT FOCUS EXTENDED TO THE NORTHWEST QUADRANT OF ADDISON CIRCLE AT ADDISON ROAD AND AIRPORT PARKWAY.

THAT STUDY WAS EVENTUALLY ADOPTED, UH, IN 2018, AND IT REALLY ESTABLISHED A MIXED USE TRANSIT ORIENTED VISION FOR THE AREA WE'RE TALKING ABOUT TONIGHT.

UM, AS, UH, PLANS FIRMED UP, UH, FOR WHAT WE NOW CALL THE SILVER LINE, UH, THE TOWN, UH, ONCE AGAIN PROACTIVELY, UH, ENGAGED CUSHMAN AND WAKEFIELD A REAL ESTATE ADVISORY FIRM IN ORDER TO RECRUIT A MASTER DEVELOPER, UH, TO PARTNER WITH THE TOWN TO DEVELOP THIS 13 ACRES AND AN ADDITIONAL FIVE ACRES.

UH, THAT, UH, CURRENTLY, UH, IS OCCUPIED BY THE ADDISON TRANSIT CENTER IN WHICH IS OWNED BY DART.

SO TOTAL, UH, JUST OVER 18 ACRES, UM, IN 2021, CUSHMAN AND WAKEFIELD AND THE TOWN, UH, RELEASED AN R RFP, UH, FOR INTERESTED MASTER DEVELOPERS TO PARTNER ON THIS PROJECT.

AND IN 2022, AFTER A, UM, MULTI-PHASE SELECTION PROCESS FOR THAT, UH, RFP, THE TOWN ENTERED INTO A MEMORANDUM OF UNDERSTANDING AND SELECTED, UH, A MASTER DEVELOPMENT TEAM, UH, COMPRISED OF CO-DEVELOPERS, UH, RESIDENTIAL AND STREAM REALTY PARTNERS TO LOCAL DEVELOPERS THAT ARE, UH, EXPERTS, UH, IN THEIR FIELD.

UH, TONIGHT WE'RE HERE TO, UH, ADVANCE THE TERMS OF THAT MEMOR AREA OF UNDERSTANDING.

UH, IT CALLED FOR THE TOWN TO WORK WITH THE, UH, CO-DEVELOPERS TO REZONE, UH, THIS AREA, AND THEN ALSO, UH, TO ENTER INTO DEFINITIVE AGREEMENTS FOR THE EXECUTION OF THE PROJECT.

SO THIS IS THAT FIRST STEP.

SO THIS IS THE PROPOSED CONCEPT PLAN, UH, FOR, UH, THE, THE 13.7 ACRES, UH, THAT IS OWNED BY THE TOWN AND IS SUBJECT TO THIS FIRST PHASE OF THIS PROJECT.

IT'S REALLY COMPRISED OF FOUR MAIN DEVELOPMENT ELEMENTS.

UH, AS YOU LOOK AT THIS IMAGE, UH, THEY'RE ORIENTED, UH, FROM THE LEFT OF THE SCREEN TO THE RIGHT OF THE SCREEN, UH, BEGINNING WITH AN OFFICE AND PARKING STRUCTURE, A PARKING STRUCTURE, UH, FRONTING ON ADDISON ROAD, AND THEN A SIX STORY OFFICE BUILDING WITH 160,000 SQUARE FEET OF OFFICE SPACE.

AND, UH, 3,500 SQUARE FEET OF RETAIL SPACE.

UH, THAT PARKING STRUCTURE IS A PUBLIC PARKING STRUCTURE, INCLUDES FIVE LEVELS AND OVER 600 PARKING SPACES.

ADDITIONALLY, THERE'S A SMALL OUT PARCEL AT THE EASTERN LIMIT OF BROADWAY THAT WOULD BE ACTIVATED AS A, WITH A FITNESS CORD AND OTHER FITNESS ORIENTED USES BY THE OFFICE DEVELOPER.

THE NEXT COMPONENT OF THE PROJECT IS REALLY THE CORE, UH, AND THE CIVIC AREA, UH, FOR THE PROJECT.

UH, WE'RE CALLING IT THE RETAIL RESTAURANT ENTERTAINMENT NODE.

UH, IT'S COMPRISED IN THIS PLAN OF, UH, FIVE TO SEVEN,

[00:10:01]

UH, FREE STANDING, UH, SINGLE STORY BUILDINGS ORIENTED AROUND A PROGRAM CIVIC SPACE, UH, THAT IS INTENDED TO INCLUDE, UH, 25,000 SQUARE FEET OF RETAIL AND, UH, SPACE AND PROGRAMMED OPEN SPACE.

THE THIRD COMPONENT IS AT THE, UH, SOUTHWEST CORNER OF QUORUM AND FESTIVAL WAY.

UH, THAT IS THE MULTI-FAMILY RESIDENTIAL TOWER, UH, THAT IS A 13 STORY TOWER, UH, WITH 270 DWELLING UNITS AND 10,000 SQUARE FEET OF RETAIL SPACE AT THE GROUND FLOOR ACTIVATING FESTIVAL WAY.

AND THEN A PODIUM PARKING STRUCTURE, UH, COMPRISING, UH, OVER 400 PARKING SPACES TO INCLUDE SOME RETAIL PARKING SPACES.

THEN THE LAST COMPONENT AT THE EASTERN LIMIT, UH, THE RIGHT SIDE OF THIS PLAN IS A MULTI-FAMILY RESIDENTIAL MID-RISE.

THAT INCLUDES, UH, SEVEN STORY BUILDING, UH, WITH 412 DWELLING UNITS, UH, 5,000 SQUARE FEET OF RETAIL SPACE AT THE GROUND FLOOR, AND THEN OVER 600 PARKING SPACES, UH, IN A PODIUM PARKING STRUCTURE.

WITH THAT, UH, THE APPLICANT PROPOSES A MINOR REALIGNMENT OF SPECTRUM DRIVE, UH, AS YOU SEE DEPICTED HERE.

SO, THE PHASING PLAN, UH, FOR THIS PROJECT IS, UH, ADOPTED AS PART OF THE M O U.

UH, SO GENERALLY, UH, THE PLAN CONSTRUCTION FOR THIS FIRST PHASE, UH, WOULD BEGIN IN THE FALL OF 2023, AND THEN CONCLUDE, UH, IN, UH, 2026.

UH, SO THE FIRST ELEMENTS OF THE PROJECT TO MOVE FORWARD WILL BE SITE INFRASTRUCTURE.

SO, UH, IMPROVEMENTS TO STREET SCAPE AT, UH, FESTIVAL WAY ADDISON ROAD, QUORUM, ARAPAHOE, UH, AND, UH, SPECTRUM DRIVE THAT WOULD BE INITIATED FIRST, UH, FOLLOWED BY THE OFFICE PROJECT AT THE WESTERN LIMIT OF THE SITE.

UH, THE TWO, UH, RESIDENTIAL PROJECTS, UH, BEGINNING WITH THE MID-RISE AT THE EASTERN EDGE OF THE SITE, AND THEN THE TOWER, AND THEN CONCLUDING WITH THE, UH, LEAST DENSE COMPONENT OF THE PROJECT, THE RETAIL, UH, THAT WOULD, UH, GO UNDER CONSTRUCTION WHILE THE OTHER COMPONENTS OF THE PROJECT WOULD BE DEVELOPED.

UH, THERE'S TWO OTHER COMPONENTS ON THIS PHASING PLAN, UH, NOTED AS, UH, FUTURE CONSIDERATIONS.

SO IT'S PHASE TWO, UH, WHICH WOULD BE A, UH, TRANSIT HUB, UH, OFFICE SPACE, AND, UH, A, UH, TRANSIT BUILDING.

AND THEN PHASE THREE, WHICH WOULD BE A HOTEL.

UH, SO THAT'S SOUTH OF THE, UH, DARK RIGHT OF WAY.

UH, HERE IS AN IMAGE DEPICTING THE PROPOSED DEVELOPMENT CHARACTER, UH, SHOWING THE STREET SKATE A LONG FESTIVAL WAY, ENGAGING, UH, ADDISON CIRCLE PARK.

ONCE AGAIN, A, UH, URBAN MIXED USE DEVELOPMENT, CREATING AN URBAN EDGE TO THE PARK, UH, PROVIDING AN AND, AND REALLY COMPLETING THE MIXED USE VISION FOR THE ADDISON CIRCLE AREA.

UH, THE OFFICE, UH, COMPONENT IS, UH, AT THE RIGHT SIDE OF THE SLIDE, UH, AND THEN, UH, THE MULTI-FAMILY COMPONENT, YOU SEE THE LEFT SIDE OF THIS IMAGE.

HERE'S, UH, AN IMAGE, UH, DEPICTING THE CHARACTER OF THE SIX STORY OFFICE BUILDING.

UH, THIS WOULD BE THE SIDE THAT ENGAGES A PEDESTRIAN ONLY PATH BETWEEN THE RETAIL, UH, NODE AND THE OFFICE BUILDING.

AND THAT PEDESTRIAN ONLY PATH, UH, CONNECTS TO FESTIVAL WAY AND ULTIMATELY ADDISON CIRCLE PARK.

AND THEN DOWN TO, UH, PROVIDING A DIRECT CONNECTION TO THE TRANSIT STATION FOR THE SILVER LINE.

UH, OF NOTE IN THIS IMAGE, YOU SEE, UH, THE, THE ACTIVE, UH, GROUND FLOOR, UH, WITH THE RETAIL SPACE, AND THEN ALSO THE, THE, UH, OUTDOOR SPACE, UH, AT THE, UH, SECOND AND SIXTH LEVELS.

AND THEN THERE IS THE, UH, WESTERN SIDE OF THAT OFFICE BUILDING.

AND YOU SEE, START TO SEE THE PEDESTRIAN CONNECTION TO THE PUBLIC PARKING STRUCTURE TO ITS WEST.

AND THERE IS AN IMAGE OF THE PARKING STRUCTURE.

UH, THIS STRUCTURE IS, UH, IT'S REALLY A LITTLE DIFFERENTIATED FROM THE TYPICAL PUBLIC PARKING STRUCTURE OR SHARED PARKING STRUCTURE THAT YOU SEE IN THE ADDISON CIRCLE NEIGHBORHOOD.

AND THAT, UH, THE CO-DEVELOPER TEAM AND, AND AND TOWN STAFF REALLY WANTED THIS TO BE INTENTIONAL AS A, AS A PARKING STRUCTURE.

IT HAS SOME LIMITATIONS AS FAR AS WHERE IT'S LOCATED IN THE PROJECT, AND THAT IT'S SO CLOSE TO THE AIRPORTS.

SO SOME USES ARE, ARE A BIT CHALLENGING THERE.

BUT CONSISTENT FEEDBACK WE HEAR IN ADDISON CIRCLE IS NO ONE KNOWS WHERE THE PARKING IS, CUZ THE, THE STRUCTURES ARE ALL BLENDED IN.

THIS IS A VERY ATTRACTIVE PARKING STRUCTURE, AND THAT IS, UH, PROVIDES AN ELEVATED LEVEL OF SCREENING AND, AND USE OF MASON RECONSTRUCTION, BUT IT'S ALSO VERY, OBVIOUSLY A, A PARKING STRUCTURE.

AND IT WILL ALLOW US TO, TO REALLY SET A CONDITION FOR THIS TO BE A, A PARK ONCE ENVIRONMENT WHERE PEOPLE VERY QUICKLY ORIENT THEMSELVES TO THAT LOCATION PARK AND THEN REALLY ENJOY THE DISTRICT, HOW IT'S SUPPOSED TO BE.

AND, AND THAT'S ON, ON FOOT.

UH, THIS SHOWS THE

[00:15:01]

CHARACTER OF THE RETAIL RESTAURANT ENTERTAINMENT NODE.

ONCE AGAIN, THE, THE, THE REAL STRONG CONNECTION THAT'S, UH, BEING MADE HERE IS THE CONNECTION TO ADDISON CIRCLE PARK.

THAT SECTION OF FESTIVAL WAY WILL GET A SPECIAL TREATMENT, AND THAT IT WILL BE A CURBLESS STREET SECTION, SO KIND OF A FESTIVAL STREET, UH, ELEVATED LEVEL OF LANDSCAPING AS WELL, FOR IT TO, TO REALLY BE A, A SPECIAL PLACE AND TO CLEARLY BE THE CORE OF THE PROJECT.

UM, IT'LL ALSO CREATE OPPORTUNITY TO POTENTIALLY SHUT DOWN THAT PORTION OF THE STREET AT TIMES FOR SMALL SPECIAL EVENTS AND REALLY USE THAT SPACE, UH, IN A WAY THAT TRULY MATCHES ITS NAME AS FESTIVAL WAY.

AND THEN HERE YOU SEE THE MULTI-FAMILY TOWER.

UH, THIS WOULD BE THE TALLEST, UH, RESIDENTIAL STRUCTURE IN ADDISON.

SO REALLY A SIGNATURE BUILDING, UH, ADDED TO THE SKYLINE, UH, PROVIDES FOR A STEP DOWN AT ITS WESTERN EDGE, DOWN TO FIVE STORIES.

AND THEN, UH, PROVIDES FOR, UH, PLENTY OF, UH, PATIOS SERVING THE UNITS.

AND THEN A, A GROUND FLOOR, VERY ACTIVATED, UH, FESTIVAL WAY WITH THE RETAIL SPACE AND AMENITY SPACE.

AND THEN THERE YOU SEE THE BACKSIDE.

UH, THEY TOOK GREAT CARE TO NOT HAVE A LOT OF UNITS, UH, IMMEDIATELY ENGAGING THE RAIL CORRIDOR, UH, MITIGATING SOME OF THE NOISE IMPACTS ON RESIDENTIAL USE, AND THEN ALSO, UH, AN ELEVATED SCREENING TREATMENT THERE AS WELL.

AND THEN YOU CAN SEE THE, THE, THE SIX LEVEL, UH, AMENITY DECK, UH, THAT WILL PROVIDE FOR, UH, SOME GOOD VIEWS OF THE ADDISON SKYLINE.

HERE YOU SEE THE MID-RISE BUILDING.

UH, THIS IS WHAT YOU WOULD SEE AT THE CORNER OF QUORUM AND ARAPAHOE ROAD.

ONCE AGAIN, A STRONG GROUND FLOOR, UH, RETAIL TREATMENT.

AND THEN, UH, THAT SEVEN STORIES OF MULTI-FAMILY, UH, THAT, UH, COMPRISE THIS BUILDING.

UM, LOTS OF PATIO SPACE, ONCE AGAIN, STEP BACKS, CHANGES IN THE, THE ROOF LINE TO, TO REALLY, UH, VARY THE ARCHITECTURE THERE.

THEN THERE YOU SEE THE EASTERN EDGE.

UH, YOU SEE, UM, SPECTRUM DRIVE WILL HAVE, UH, ITS OWN UNIQUE PAVING TREATMENT, UH, PRIMARILY PAVERS TO INSURANCE, A REAL CALM ENVIRONMENT FOR DRIVERS, BUT ALSO PEDESTRIANS USING THAT, UH, OPEN SPACE IMMEDIATELY TO THE EAST OF THIS PROPOSED MID-RISE BUILDING.

AND THEN THERE YOU SEE THE OFFICE STREET SCAPE, ONCE AGAIN, A VERY VIBRANT PEDESTRIAN ENVIRONMENT THAT, UH, UH, WILL, UH, BE A VERY ACTIVE AND ATTRACTIVE AREA FOR POTENTIAL RETAILER RESTAURANT USE.

AND HERE YOU SEE THE GROUND FLOOR OF THE MULTI-FAMILY TOWER, UH, ONCE AGAIN, ROOM FOR PATIOS, UH, UH, ELEVATED, UH, GROUND FLOOR IN TERMS OF HIGHER CEILINGS, LOTS OF GLAZING, TRYING TO AVOID SOME OF THE CONDITIONS YOU SEE IN ADDISON CIRCLE, WHERE THE, THE, THE COMMERCIAL KIND OF BLENDS IN A LITTLE BIT WITH THE MULTIFAMILY AND DOESN'T LOOK LIKE A TRUE COMMERCIAL SPACE.

AND THEN HERE IS SOME PRECEDENT IMAGERY FOR THE FITNESS COURT.

UH, WE'RE CURRENTLY IMPLEMENTING ONE OF THESE IN VITRUVIAN, UH, AT THIS LOCATION IN ADDISON CIRCLE, IN THE T O D, IT WOULD BE IMMEDIATELY ADJACENT TO THE COTTON BELT TRAIL, A 12 FOOT REGIONAL TRAIL THAT WILL, UH, BE A, UH, A GREAT CONNECTION FOR FIT FITNESS ORIENTED USES.

WE'RE ALSO CONSIDERING, UH, A PAVILION FOR OUTDOOR, UH, EXERCISE CLASSES.

AND THEN, UH, A PICKLEBALL, UH, ELEMENT AS WELL.

UH, THE MASTER STREET SKATE PLAN AS A COMPONENT OF THIS REZONING REQUEST.

AS PART OF THE DEVELOPMENT STANDARDS, IT PROVIDED SETBACKS, STREET TREE REQUIREMENTS, SIDEWALK TREATMENTS, UH, SPECIAL PAVING TREATMENTS, UH, THROUGHOUT ALL THE PUBLIC STREETS AND THE NEW PEDESTRIAN WAYS, UH, INCLUDED, UH, IN THIS PROJECT.

SO HERE IS AN EXAMPLE OF, UH, FESTIVAL WAY.

UH, CURRENTLY IT HAS A, A MUCH WIDER SECTION AND IT HAS A LOT OF ANGLED PARKING, UH, THAT ANGLED PARKING DOES NOT LEND ITSELF OR A, TO A, A HIGHLY PEDESTRIAN ORIENTED DISTRICT.

SO PART OF RE-ENVISIONING THIS AREA IS, UH, TRANSITIONING THAT TO PARALLEL PARKING, NARROWING THE STREET AND PROVIDING, UH, MUCH, UH, MORE SUBSTANTIAL PEDESTRIAN AREAS, UH, TO ACTIVATE THAT STREET SCAPE.

SO ANYTIME WE CONSIDER A REZONING REQUEST, UH, EVEN THOSE SUBMITTED AND PARTNERED WITH BY THE TOWN, WE, UH, OF COURSE HAVE TO CONSIDER, UH, APPLICATION, UH, AND COMPLIANCE WITH TOWN POLICIES.

UH, SO MOST NOTABLY, UH, FOR THIS PARTICULAR, UH, REQUEST, UH, AS I NOTED EARLIER, THE TOWN APPROVED A SPECIAL AREA STUDY, UH, FOR, UH, THIS AREA.

THIS IMAGE YOU SEE ON THE SLIDE IS AN ILLUSTRATIVE, UH, SITE PLAN, UH, THAT SHOWS ONE IMAGE OF WHAT THIS AREA COULD BE.

IT'S ONE, NOT THE ONLY, UH, PERSPECTIVE OF WHAT THIS AREA COULD BE.

AND THEN IT ALSO, UH, ESTABLISHED A VISION, UH, GUIDING PRINCIPLES AND STRATEGIC DIRECTION, UH, FOR

[00:20:01]

THIS AREA.

UM, AND, UH, WHAT WE FOUND IN CONSIDERATION OF THIS REQUEST IS THAT IT IS IN COMPLIANCE WITH THE ADDISON CIRCLE SPECIAL AREA STUDY.

MOST NOTABLY, UH, WITH THE VISION, UH, IT'S, UH, IS IN LINE WITH THE TOWN'S GOAL OF THIS BEING A MAJOR DESTINATION ON THE SILVER LINE.

UH, THIS CERTAINLY LIVES UP TO THAT.

AND THEN, UH, ENHANCING THE TOWN'S, UH, REPUTATION AS A DESIRABLE PLACE TO, TO NOT ONLY WORK AND SOCIALIZE, BUT TO LIVE AND THEN STRENGTHENING THE TOWN'S TAX BASE.

THIS OVERALL PROJECT WILL RESULT IN A 472 MILLION INVESTMENT.

SO CERTAINLY ACHIEVES THAT, UH, GUIDING PRINCIPLES.

UH, THE TOWN AND, AND THE APPLICANT.

WERE VERY CAREFUL.

IT'S NOT A CARBON COPY OR COOKIE CUTTER TREATMENT OF THE ADDISON CIRCLE NEIGHBORHOOD.

IT, IT NEEDS TO HAVE ITS OWN UNIQUE QUALITIES, BUT IT, UH, WAS VERY CAREFUL TO RESPECT THAT NEIGHBORHOOD.

IT CERTAINLY HAS A DIFFERENT SCALE WITH SOME OF THE BUILDINGS.

BUT THE KEY TAKEAWAY WITH THIS PROPOSAL IS THAT IT IS AN URBAN MIXED USE DEVELOPMENT AND AN EXISTING URBAN MIXED EAST NEIGHBORHOOD.

IT TAKES VACANT, UNDERUTILIZED LAND AND COMPLETES THIS MIXED USE NEIGHBORHOOD.

UH, ALSO, UH, IT VERY MUCH IS, UH, ORIENTED TOWARDS THE PEDESTRIAN WITH ALL THE STREET SCAPE IMPROVEMENTS.

WE MENTIONED CONNECTIONS TO THE TRANSIT HUB AND CONNECTIONS TO THE REGIONAL COTTON TRAIL.

UM, IT ALSO IS SOMETHING THAT, UH, PERFORMS WELL ECONOMICALLY AND MINIMIZES WHILE THERE IS SOME PUBLIC PARTICIPATION.

IT MINIMIZES THE NEED FOR PUBLIC PARTICIPATION ON THE PROJECT DUE TO THE MIX OF USES ON THE STRATEGIC DIRECTION.

UM, UH, ONCE AGAIN, THE KEY THING IS IT PROVIDES A MIX OF USES.

IT'S NOT JUST OFFICE.

IT'S NOT JUST RESIDENTIAL.

IT'S NOT JUST RETAIL, BUT IT'S A BALANCED MIXED OF USES TO REALLY CREATE A TRUE MIXED USE ENVIRONMENT.

AND, AND ONCE AGAIN, MAKING IT THAT PROMINENT DESTINATION IN THE SILVER LINE CORRIDOR IS VERY IMPORTANT.

SO THE OTHER PRIMARY POLICY THAT WE ADDRESS, UM, IN THIS CONSIDERATION IS THE ADDISON HOUSING POLICY.

UH, SO THIS CERTAINLY COMES UP WITH ANY PROPOSAL THAT INCLUDES HOUSING, AND THIS INCLUDES MULTI-FAMILY RENTAL HOUSING.

UH, THERE'S A FIVE, UH, CONSIDERATIONS, UH, WITH THE HOUSING POLICY, SOME OF WHICH, UH, RELATE TO INCREASING, UH, THE RATIO OF OWNERSHIP TO RENTAL.

UH, THIS PROJECT DOES NOT DO THAT, OF COURSE, UH, BUT IT'S, IT'S REALLY SOMETHING THAT, UH, WAS, UH, PROVEN UP BY OUR PROCESS AND BY OUR CONTINUED ENGAGEMENT IN THIS STUDY AREA.

SO WE ENTERED INTO THAT RFP PROCESS, UH, AND ULTIMATELY RECEIVED FIVE PROPOSALS, UH, FROM POTENTIAL MASTER DEVELOPMENT, UH, SUBMITTERS.

UH, NONE OF THOSE, UH, UH, DEVELOPMENT TEAMS THAT SUBMITTED PROPOSALS INCLUDED OWNERSHIP HOUSING AS PART OF THEIR DEVELOPMENT PROGRAM.

WE HAVE POLICY THAT SUPPORTS THAT ADDISON SPECIAL CIR AREA SPECIAL.

UH, EDISON CIRCLE SPECIAL AREA STUDY INDICATES THAT IT'S PREFERRED, BUT NO ONE TOOK ADVANTAGE OF THAT.

UH, IT CERTAINLY WOULD'VE BEEN VIEWED FAVORABLY, BUT NONE OF THE DEVELOPMENT TEAMS INDICATED THAT, UH, IT WAS, UH, A FAVORED PART OF THEIR PROGRAM.

UH, OTHER PROPOSALS WE'VE RECEIVED IN THIS AREA INDICATE THAT IT'S DUE TO ITS ACTIVITY AND IT'S CLOSE PROXIMITY TO A TRANSIT STATION.

UH, OWNERSHIP HOUSING IS NOT THE PREFERRED HOUSING TYPE HERE, AND THAT IS REALLY WHAT WE SEE THROUGHOUT THE REGION THAT TRANSIT STATIONS.

UM, MULTI-FAMILY RENTAL IS THE DO DOMINANT HOUSING TYPE DUE TO THE ACTIVITY AT THOSE TRANSIT STATIONS.

THEY'RE REALLY THE MOST URBAN AREAS OF OUR REGION.

UH, WHERE THIS DOES COMPLY WITH THE HOUSING STUDY IN, IN THAT IT DOES ACHIEVE A TRUE MIX USE, UH, DEVELOPMENT.

UH, IT ENHANCES AN EXISTING NEIGHBORHOOD OF URBAN CHARACTER WITH TRADITIONAL HIGH QUALITY URBAN DEVELOPMENT.

AND THE SCALE, THE DENSITY ACHIEVED HERE, UH, IT REALLY, UH, GOES ABOVE AND BEYOND, UH, IN QUALITY IN TERMS OF WHAT WE'VE SEEN IN TOWN TRADITIONALLY AND WHAT WE SEE AT, AT THESE TRANSIT STATION AREAS IN THE REGION.

UH, IT REALLY WILL BE A PREMIUM STATION AREA IN OUR REGION.

ALSO, WHEN WE CONSIDER REZONING REQUESTS, UM, WE HAVE TO LOOK AT MITIGATION OF DEVELOPMENT IMPACTS.

UH, RESIDENTIAL COMPATIBILITY IS ALWAYS AN ISSUE.

UH, THIS PROJECT IS BEING ESTABLISHED IN AN EXISTING NEIGHBORHOOD, AN EXISTING MIXED USE NEIGHBORHOOD WITH RESIDENTIAL DEVELOPMENT.

UH, THIS MIXED USE NEIGHBORHOOD.

ADDISON CIRCLE HAS FOUR TIMES THE QUANTITY OF HOUSING PROPOSED BY THIS PROJECT.

THIS HOUSING FORM THE SCALE IS DEFINITELY COMPATIBLE WITH THIS EXISTING RESIDENTIAL NEIGHBORHOOD.

[00:25:01]

WITH THAT, EVEN THERE IS ADDITIONAL PHYSICAL CONSIDERATIONS THAT PROVIDE EVEN MORE BUFFERING AND TRANSITIONS.

SO THIS IS SEPARATED BY THE DART RIGHT OF WAY.

IT'S SEPARATED BY A 10 ACRE PARK FROM THE EXISTING DEVELOPMENT.

SO THERE'S CERTAINLY APPROPRIATE TRANSITIONS DESPITE IT BEING HIGHLY COMPATIBLE WITH THE EXISTING DEVELOPMENT.

OTHER COMPATIBILITY CONSIDERATIONS ARE, ARE LESS RESIDENTIAL ORIENTED AND REALLY ORIENTED TOWARDS THE AIRPORT.

SO HAVING COMMERCIAL USE ADJACENT TO THE AIRPORT IS, UH, NEEDED.

SO YOU DON'T HAVE INCOMPATIBILITY WITH RESIDENTIAL USES ADJACENT TO THE AIRPORT.

SO THAT IS ACHIEVED HERE.

ALSO.

UM, MITIGATION OF DEVELOPMENT IMPACTS RELATED TO TRAFFIC AND CIRCULATION.

UH, WITH THE, THIS PROPOSAL, A REALIGNMENT OF SPECTRUM DRIVE IS PROPOSED AT THE EASTERN LIMITS.

UH, THAT WAS, UH, NEEDED TO SUPPORT A DEVELOPMENT BLOCK MORE CONSISTENT WITH EXISTING DEVELOPMENT AND ADDISON CIRCLE.

SO THAT WILL, UH, CAUSE MINOR CHANGES TO THE TRAFFIC PATTERN IN THIS AREA.

BUT WITH THE SURROUNDING GRID AND DUE TO THE, UH, LOW VOLUME OF USE ON SPECTRUM DRIVE, UH, THAT THOSE MINOR MODIFICATIONS CAN BE EASILY MITIGATED AND HAVE BEEN, UH, TRAFFIC IMPACT ANALYSIS WAS PREPARED BY THE APPLICANT, REVIEWED BY TOWN STAFF'S TRAFFIC CONSULTANT.

UH, AND THIS, UH, STUDY, UH, APPROPRIATELY, UH, SHOWED THE DEVELOPMENT APPROPRIATELY MITIGATING TRAFFIC IMPACT.

THE, THE GREATEST IMPROVEMENT THAT WAS NEEDED WAS A LEFT TURN LANE ON FESTIVAL WAY, UH, FOR SOUTHBOUND TRAFFIC ON ADDISON ROAD.

ADDITIONAL ANALYSIS IS NEEDED, UH, IN THE FUTURE, UH, WITH THIS PROJECT FOR THE NEED, POTENTIAL NEED FOR A NORTHBOUND RIGHT TURN FROM ADDISON ROAD ONTO FESTIVAL WAY.

UH, THE AIRPORT, UH, AS I MENTIONED EARLIER, UH, IT'S, UH, NEEDS TO BE, UH, BUFFERED FROM DEVELOPMENT IMPACTS THAT'S DONE THROUGH NOT LOCATING NOISE SENSITIVE LAND USES, UH, WITHIN A, A PARTICULAR AREA OF NOISE AND COMPATIBILITY, UH, AROUND THE AIRPORT.

AND THEN ALSO CONSIDERATION OF BUILDING HEIGHT, UM, ADJACENT TO THE AIRPORT, UH, WITH THE, UH, PERMIT REVIEW PROCESS, THE APPLICANT WILL HAVE TO SHOW THAT THE BUILDING HEIGHTS PROPOSED HERE, UH, COMPLY WITH FAA REQUIREMENTS.

AND THEY'LL ALSO HAVE TO CONFIRM, THOUGH IT'S VERY CLEAR HERE WITH THIS IMAGE THAT THE RESIDENTIAL DEVELOPMENT IS OUTSIDE THE 65, UH, D N L NOISE CONTOUR, UH, WHICH IS THE CASE HERE.

AND THEN A COMPONENT OF THIS PROJECT, UM, THAT, UH, IS SOMEWHAT UNIQUE IS, UH, TREE PRESERVATION AND TREE MITIGATION, AS I MENTIONED EARLIER, FESTIVAL WAYS IS BEING RECONFIGURED AND REIMAGINED TO BE A MORE PEDESTRIAN OR ORIENTED STREET THAT DOES REQUIRE, UM, A SOLUTION FOR THE TREES ON THE SOUTHERN EDGE OF FESTIVAL WAY.

SO THE APPLICANT IS PROPOSING, UH, NOT TO JUST CUT THEM DOWN AND, AND PLANT, UH, NEW SMALL TREES, BUT ACTUALLY TO TRANSPLANT THE MAJORITY OF THOSE TREES AT THE HIGH PROFILE LOCATIONS, UH, IN THE PROJECT AREA, NAMELY ADJACENT TO THE PARKING STRUCTURE.

AND THEN ALSO, UH, AT THE, THE CORE OF THE PROJECT AT THE, THE FESTIVAL WAY, UM, UH, RAISED SECTION, UM, WITH OTHER, UH, TREE CONSIDERATIONS.

THEY ARE FULLY MITIGATING, UH, TREE REMOVAL PROPOSED FOR THE PROJECT.

AND, UH, THEY'RE DOING THAT THROUGH ONSITE PLANTING.

SO NO FEE IN LIEU OF WILL BE CONSIDERED WITH THIS PROJECT.

UH, THE EXISTING UTILITY NETWORK, UH, AND DRAINAGE INFRASTRUCTURE DOES SUPPORT, UH, THIS PROJECT, UH, AND ITS BUILD OUT OF THIS AREA AS IS.

UH, SO NO UPGRADE BY THE TOWN WILL BE REQUIRED THERE.

UH, TOWN AND ICE IS D SERVICES CAN SUPPORT THIS DEVELOPMENT WHERE THE TOWN WILL PROBABLY BE MORE ACTIVE AS THE TRANSIT STATION GETS ESTABLISHED.

AND, UH, WE'LL PROBABLY HAVE A MORE, UH, ACTIVE PUBLIC, UH, SAFETY PRESENCE, UH, WITH THE, THE, UH, STATION AREA BEING MORE ACTIVE.

SO STAFF DID, UH, NOTICE, UH, ADJACENT PROPERTY OWNERS WITHIN 200 FEET AS WELL AS D I S D IN ACCORDANCE WITH TOWN AND STATE REQUIREMENTS.

UH, 25 NOTICES WENT OUT.

UH, WE DID ONLY RECEIVE ONE LETTER THAT WAS NEUTRAL.

UM, ONE THING I NOTE, UH, THIS OBVIOUSLY HAS A LOT OF HISTORY.

UH, SO WE HAVE, UH, SINCE 2018 AS PART OF THE SPECIAL AREA STUDY, WE HAD SEVERAL COMMUNITY OPEN HOUSES RELATING TO THIS DEVELOPMENT, UH, AND THE DEVELOPMENT OF THIS AREA, UH, TWO PUBLIC MEETINGS TO ADOPT, UH, UH, THAT SPECIAL AREA STUDY, AND ALSO THE RECENT ADOPTION OF THAT M MOU AND THEN SIX TOWN MEETING PRESENTATIONS WHERE COUNCIL MEMBERS SPOKE TO THIS, UH, AREA AND THIS PROJECT, AND THEN 11, UH, E-NEWSLETTER ENTRIES AS

[00:30:01]

WELL.

SO IT, IT'S BEEN SOMETHING THAT, UH, THE TALENT HAS PUBLICIZED QUITE OFTEN.

SO STAFF DOES RECOMMEND APPROVAL OF THE PROJECT.

UM, THIS IS A PROJECT THAT MEETS TOWN POLICY AND IT'S A UNIQUE REZONING REQUEST, AND THAT IT'S NOT SOMETHING THAT'S COMING STRAIGHT FROM A DEVELOPER, UH, OR A PROPERTY OWNER.

THIS IS A TOWN, THIS IS A, A TALENT PROJECT.

THIS IS SOMETHING THE TOWN HAS PARTNERED ON.

THIS IS SOMETHING THAT THE TOWN HAS SPENT DECADES, UH, UH, MOVING FORWARD.

UH, SO WITH THAT, UH, AND WITH THE QUALITY OF THE DEVELOPMENT TEAM AND THE QUALITY OF THE PROPOSAL THAT, UH, THEY'RE IMPLEMENTING HERE, UH, WE FEEL THAT THIS WILL BE A FANTASTIC ADDITION AND REALLY REFLECTIVE OF THE HIGHEST AND BEST USE FOR THIS AREA AND THE MOST APPROPRIATE DEVELOPMENT FORM FOR A, UH, VACANT LAND IN THE IMMEDIATE VICINITY OF A TRANSIT STATION.

UH, THERE ARE A SERIES OF CONDITIONS, UH, THAT WE DO RECOMMEND YOU ADOPT, UM, LARGELY RELATE TO PHASING OF SOME OF THE SMALLER IMPROVEMENTS, AS WELL AS THE RETAIL NOTE AS WELL.

UM, MOST OF THESE CONDITIONS ARE BACKED UP BY THE MOU AND THE DEFINITIVE AGREEMENTS AS WELL.

UH, THE APPLICANT IS HERE AS WELL, IF YOU HAVE ANY QUESTIONS FOR THEM, AND I'M HAPPY TO ADDRESS ANY QUESTIONS THAT YOU HAVE.

UH, IT'S A LOT TO TAKE YOU.

THANKS, KEN.

QUESTIONS FROM COMMISSIONERS OR STAFF? I, WE DIDN'T TALK ABOUT THIS EARLIER.

IS THIS FEE SIMPLE OWNERSHIP OR LEASEHOLD INTEREST? IS THE TOWN KEEPING ANY OF THE LAND OR WHAT, HOW'S IT TRUCTURE? IT'S, IT'S A MIX.

THE OFFICE, UH, WILL BE, CONTRACT WILL BE CONVEYED TO STREAM, UH, THE, ANY, THE RETAIL AND THE MULTI-FAMILY AND THE OPEN SPACE WILL BE GROUND LEASE.

AND THEN THE PHASE TWO AND THREE THAT YOU SHOWED IN YOUR DIAGRAM, THAT'S NOT PART OF THIS, THAT COMES AT A LATER DATE? CORRECT.

THAT'LL COME AT A LATER DATE THAT WILL MOVE FORWARD AFTER THE TOWN ENTERS INTO A MASTER LEASE AGREEMENT WITH DART.

UH, SO THE TOWN WOULD SUBLEASE THE, UH, THAT PROPERTY ON BEHALF OF DART.

ANYONE ELSE? I'M NOT SURE THIS IS, BUT THIS IS FOR THE AFRICAN, OR YOU CAN VOTE.

OH, ONE THING WE DIDN'T TALK ABOUT THIS MORNING IS, UM, CROSSWALKS.

I, I KNOW THAT WE MENTIONED IN, IN THE STAFF REPORT THAT, UM, IT LOOKS LIKE FESTIVAL WAY.

WE EITHER HAVE A SPEED TABLE OR SOME SORT TABLETOP.

UM, HAVE WE GIVEN THOUGHT TO CROSSWALKS TO GETTING PEOPLE INTO THE DEVELOPMENT SPECIFICALLY, LIKE FROM THE DARK TRAIL THAT I, I'M GUESSING WOULD END AT ADDISON ROAD AND THEN CONNECTING THOSE FOLKS OVER, NOT NECESSARILY PHYSICALLY OVER, BUT SOME SORT OF CROSSWALK TO GET 'EM OVER AND THROUGH, PULL UP A GOOD IMAGE TO TALK OFF OF.

SO THE COTTON BELT TRAIL, UH, WHICH WILL BE A 12 FOOT TRAIL, UH, WILL BE, UH, WILL RUN, UH, NORTH ON ADDISON ROAD AND THEN ALONG THE, THE NORTH RIGHT OF WAY OF, UH, DART, UH, SO NORTH OF THE TRANSIT CENTER THROUGHOUT THE ADDISON ROAD TO FESTIVAL OR TO QUORUM BLOCK.

UM, SO THERE WILL BE PEDESTRIAN ONLY ACCESS ADJACENT BASICALLY BETWEEN THE OFFICE AND BETWEEN THE MULTI-FAMILY AND RETAIL NODE WHERE NO VEHICLES WILL BE ALLOWED IN THAT AREA OTHER THAN EMERGENCY VEHICLES.

UM, THE COTTON BELT WILL THEN CROSS QUORUM AND IT WILL SHARE THE EXISTING FIRE LANE KNOWN AS MCENTIRE PLACE THAT RUNS ALONG THE SOUTH SIDE OF AN EXISTING MULTI-FAMILY DEVELOPMENT IN EDISON CIRCLE.

DOES THE COTTON BELT TRAIL CROSS OVER ADDISON ROAD ANYWHERE? IT DOES.

SO I'M, I'M ASSUMING THERE'LL BE A CROSSWALK? YES.

THAT'S GREAT.

CAN I GO BACK TO MY FOLLOW UP ON THE LEASE HOLD? HAVE YOU AGREED UPON LEASE HOLD PAYMENTS? CAUSE THAT'S GONNA BE ADDITIONAL REVENUE TO THE TOWN VERSUS PURE JUST TAX DOLLARS OFFERS.

SO THERE ARE GENERAL TERMS FOR THAT IN THE M MOU.

UM, AND THERE'S A LINK TO THAT IN THE STAFF REPORT.

AND THEN, UH, THAT WILL BE FINALIZED VIA THE NEGOTIATION OF DEFINITIVE AGREEMENTS, UH, PER THE TERMS OF THE M MOU.

AND, AND FOR THE RETAIL COMPONENT, IS IT PURELY A BASE RENT, MONTHLY PAYMENT, WHATEVER, ARE THE, ARE YOU GONNA STRUCTURE SOME KIND OF A, A PERCENTAGE RENT? UH, WHERE'S THAT ALL TOO COME? IT'S TO BE NEGOTIATED.

FORTUNATE TONIGHT TO HAVE OUR PUBLIC WORKS DIRECTOR IN THE AUDIENCE, SO I CAN ANSWER THAT, BUT I THINK IT WOULD BE MUCH BETTER TO HEAR IT FROM HIM.

AND, UH, IN THE UTILITY AND AND RANGE ANALYSIS SECTION, THERE WAS A STATEMENT MADE THAT THE INFRASTRUCTURE WAS DESIGNED TO, UH, TO ACCOMMODATE THIS SIDE, UM, DEVELOPED, UH, WHAT EXACTLY CAN YOU EXPAND ON THAT? AND WHEN YOU SAY THAT IT WAS, UM, AS FULLY DEVELOPED, IS THAT THE SAME, UH, AS THIS DEVELOPMENT? I MEAN, WERE YOU USING THE SAME TYPE OF DEVELOPMENT THERE? SO I'M

[00:35:01]

SHANNON HICKS EVENING, UH, SHANNON HICKS, DIRECTOR OF PUBLIC WORKS AND ENGINEERING SERVICES, UH, THE TOWN PARTNER WITH COBB FINLAND ASSOCIATES.

THEY'RE OUR, OUR CONTRACT REVIEW ENGINEERS TO ANALYZE THE EXISTING WATER, SEWER AND DRAINAGE SYSTEM IN THE AREA TO ENSURE THAT THIS LEVEL OF DEVELOPMENT WOULD BE, UH, HANDLED WITH OUR EXISTING SYSTEM.

WE'VE ALSO BEEN INVOLVED IN ALL OF THE REVIEWS THAT THE, UH, DEVELOPER HAS SUBMITTED TO ENSURE THAT THOSE WILL MATCH UP WITH THEIR INITIAL ANALYSIS.

SO WE HAVE ENOUGH CAPACITY TO SERVE THIS DEVELOPMENT AND THE FUTURE PHASES TWO AND THREE, UH, WITH THE EXIST EXISTING INFRASTRUCTURE.

CAN I JUST ADD ONTO THAT? SO WE HAD TALKED EARLIER, SO WE KNOW THE QUANTITY IS THERE, THE, THE SIZE AND ALL THAT, BUT IS THE QUALITY THERE? CAUSE I KNOW WHEN AM EMILY DID THAT PROPERTY, THEY FOUND THAT THE, THEY KNEW THEY HAD TO EXPAND IT, BUT I THINK IT WAS ALSO, UM, STRUCTURAL PROBLEM.

SO THE, THE WATER SEWER AND STORM LIGHTS ARE IN GOOD CONDITION.

THEY DON'T NEED TO BE REPLACED.

CAN, IF I, I, GO AHEAD.

WAS IT RELATED? NO.

UM, YEAH, LET'S GONNA CUT SENTENCE.

LET'S GO BACK TO THE VERY BEGINNING.

SORT OF ON THE AS CIRCLE STUDY, WAS THE HOUSING THE ISSUE AS FAR AS FEE, SIMPLE OWNERSHIP, THE ONE AND, AND ONLY, OR IS THAT JUST THE MAJOR NON-CONFORMITY WITH THIS FROM THIS DEVELOPMENT VERSUS THE ADDISON CIRCLE STUDY? I'D SAY THAT WOULD BE THE, THE PRIMARY, UM, I WOULDN'T SAY IT'S COMPLETELY NON-CONFORMING, OBVIOUSLY, WHEN YOU SAY OWNERSHIP HOUSING IS PREFERRED, AND THIS DOESN'T HAVE OWNERSHIP HOUSING, THAT'S, THAT'S NOT A CONSISTENT WITH THAT DIRECTION.

IT, IT DOESN'T SAY ONLY OWNERSHIP, OWNERSHIP HOUSING IS ALLOWED.

UH, SO IT LEAVES ROOM FOR WHAT THE, HOW THE MARKET VIEWED THIS AREA.

AND AS FAR AS THE OTHER COMPONENTS AND, AND, AND THERE'S LOTS OF IT IN THIS SUR SPECIAL AREA STUDY, WHAT DO THEY, IN YOUR OPINION, DO THEY SIMPLY MEET THE CRITERIA OR DO THEY GO ABOVE AND BEYOND A NUMBER OF THE ITEMS? I'D SAY IT'S A MIX.

I'D SAY PROBABLY WHERE THIS CONFLICTS WITH THE SPECIAL AREA STUDY IS SPECIAL AREA STUDY WAS VERY, UM, FUTURISTIC AS IT RELATES TO THE PRESENCE OF THE AUTOMOBILE.

UM, AND THAT IT'S CALLED FOR PRIMARILY, UM, UNDERGROUND PARKING STRUCTURES.

AND, AND YOU CAN SEE IN THIS IMAGE WHERE DO, WHERE DO CARS GO IN THIS IMAGE? UH, THERE'S, THERE'S NO ACCESS.

THERE'S VERY LIMITED PARKING FOR THE AMOUNT OF DEVELOPMENT THAT'S THERE.

SO I THINK WHAT YOU SEE WITH AN ACTUAL PROPOSAL NOW IS, IS UH, SOMETHING THAT ACTUALLY REFLECTS, UH, DEMOGRAPHICS, THE MARKET AND, AND THE REALITY THAT WE, UH, WHILE THIS IS A MIXED USE AREA, IT'S ALSO AN AREA THAT HAS TO ACCOMMODATE THE AUTOMOBILE.

THE CURRENT ZONING FOR THIS IS C1 COULD, AND WE'RE, THIS IS A PROPOSED REZONING FOR THIS, BUT ANY OTHER VARIABLE, WHETHER IT'S SINGLE FAMILY HOMES, CONDOMINIUMS, WOULD THEY ALSO HAVE TO GO THROUGH A REZONING PROCESS OR DOES THE C1 ACCOMPLISH A, A SMALL PORTION OF THE AREA IS ZONED URBAN CENTER.

THAT WOULD BE THE ONLY COMPONENT THAT WAREHOUSING, UH, WOULD BE PERMITTED BY.

UH, IT WOULD STILL HAVE TO GO THROUGH A SITE PLAN REVIEW, CONCEPT PLAN AND SITE PLAN, REVIEW PROCESS.

BUT MOST OF THE CURRENT ZONING WOULD NOT FACILITATE ANY FORM OF HOUSING.

PROVIDES A LOT OF VISUAL CUES IN TERMS OF THIS IS AN AREA I SHOULD NOT BE DRIVING QUICKLY THROUGH.

IF YOU COULD PULL BACK UP THE FESTIVAL, THE PICTURE HAD THE RECREATIONAL OR ENTERTAINMENT AREA, AND IF I UNDERSTOOD YOU CORRECTLY, THAT PAVED CHECKERBOARD AREA THERE, IS THAT THE FESTIVAL WAY? YES, SIR.

SO ONE OF THE THINGS THAT, ONE OF THE COMPLAINTS WE'VE ALWAYS HEARD ABOUT ASSET CIRCLE IS THE, THE TRAFFIC GOING THROUGH ON QUORUM EXCEEDS THE SPEED LIMIT.

AT TIMES.

YOU PROBABLY GET AWAY WITH IT A LITTLE BIT ON THE ESSENCE CIRCLE AREA, BUT THIS IS GONNA BE A VERY HEAVILY PEDESTRIAN AREA.

SO HOW YOU, HOW ARE WE GOING TO ENFORCE THE SPEED LIMITS HERE WHEN WE'RE HAVING A HARD TIME DOING IT IN AN CIRCLE? I THINK SO IT, IT'S SOMEWHAT COUNTERINTUITIVE PEOP SOME PEOPLE THINK THE BEST WAY YOU ENFORCE SPEED LIMITS IS BY HAVING POLICE OFFICERS ON THE CORNER AND SIGNS AND, AND, AND THINGS LIKE THAT.

BUT REALLY THE GREATEST WAY THAT IMPACT A BEHAVIOR IS THROUGH GOOD SITE DESIGN.

UM, SO WITH THE WAY THIS STREET IS DESIGNED, UH, IN THIS PARTICULAR AREA, IT'S RAISED, IT DOESN'T HAVE CURBS, IT'S

[00:40:01]

UH, CUZ YOU HAVE STREET TREES, YOU HAVE GROUND FLOOR RETAILING, YOU HAVE BUILDINGS KIND OF FRAMING THE STREET VERSUS QUORUM, WHICH IS A BEAUTIFUL, YOU, YOU WON'T FIND A BETTER LOOKING ARTERIAL ROADWAY IN THE REGION.

UH, BUT IT IS STILL AN ARTERIAL ROADWAY AND YOU TYPICALLY SEE THAT AT THE EDGE OF A MIXED USE DEVELOPMENT VERSUS IN THE CORE IT WAS REQUIRED DUE THE, THE NATURE OF ADDISON CIRCLE AND ITS SIZE.

BUT HAVING A FOUR-LANE DIVIDED ROADWAY KIND OF NATURALLY LENDS ITSELF TO, TO BEING ABLE TO DRIVE FASTER AND PARTICULARLY WHEN YOU'RE THROWING A ROUNDABOUT TOO.

GOT A COUPLE QUESTIONS.

SO WHEN WE WENT OUT AND WALKED IT, THERE'S THAT ROD IRON FENCE NOW ON THE ADDISON CIRCLE PARK, WILL ALL OF THAT COME DOWN OR YOU SAID PART OF IT WILL COME DOWN OR WELL LET OUR DIRECTOR ADDRESS UP AND ALONG THOSE SAME LINES, WILL ANY, WHAT ELSE WILL CHANGE? LIKE WILL THE, THIS THING THAT'S GOING OVER THE PATHWAY COME DOWN OR ANYTHING LIKE THAT? JUST THAT SURE.

SO JANET, WELL, DIRECTOR OF PARKS AND RECREATION, UM, REALLY GREAT URBAN PARKS HAVE DENSITY ON ALL SIDES OF THEM AND THEY HAVE GREAT PERMEABILITY TO WHAT'S AROUND THEM.

SO ONCE THIS DEVELOPMENT HAPPENS, UM, IT WOULD BE OUR PREFERENCE TO REMOVE THE FENCE.

AND THAT'S WHAT THE PLAN REFLECTS ALL THE WAY UNTIL YOU GET TO THE STAGE AREA WHERE THE BIG OVAL LAWN AREA IS.

AND BACK BEHIND THAT STAGE AREA, WE ACTUALLY HAVE SOME EQUIPMENT AND SOME RAMPS AND STUFF TO DO LOAD IN.

SO WE WOULD LEAVE THE FENCING AT THAT POINT.

UM, ALL THE REST OF THE FENCING WOULD BE REMOVED.

UM, THE MAIN PEDESTRIAN CONNECTION INTO THE AREA FROM THE DART STATION WILL ALIGN WITH THE AR ARBOR COVERED WALK THAT DIRECTS YOU TO THE CONFERENCE CENTER.

AND I THINK YOU WERE ASKING IF THAT WOULD REMAIN MM-HMM.

SO YES, THAT WOULD BECOME A FORMAL GATEWAY INTO THE PARK IN CONNECTION OVER TO THE CONFERENCE CENTER.

AND SO IS ANYTHING ELSE CHANGING IN THAT PARK BESIDES THAT FENCE COMING DOWN OR WITH THIS PLAN? THERE IS NOTHING CHANGING WITH THAT PART.

NOW THE PARK'S MASTER PLAN DOES RECOMMEND THAT WE START LOOKING AT WHAT THE, UM, HOW THAT PART CAN BETTER SERVE THE COMMUNITY AND VISITORS, UM, BY ENGAGING THE T O D.

SO YOU MAY SEE A MASTER PLAN DEVELOPED FOR THE PART, BUT THAT'S NOT PART OF THIS PROJECT.

AND, UM, THE OTHER QUESTION IS ABOUT THE PARKING.

UM, AND IT JUST STRUCK ME WHEN YOU SAID THAT THE OTHER PLAN DIDN'T TAKE INTO CONSIDERATION CARS.

WHAT ABOUT EVS? ARE THERE GONNA BE EV STATIONS OR ANYTHING LIKE THAT? SO WHEN WE PROCEED TO THE NEXT ITEMS, UM, WE ADDRESS THAT AS, SO WE HAVE A, A, A SERIES OF AGREEMENTS THAT WE NEED TO CONTINUE TO NEGOTIATE, UH, WITH THE DEVELOPMENT TEAM AND, UH, CONSIDERATION OF SUSTAINABILITY FEATURES SUCH AS ELECTRICAL VEHICLE CHARGING STATIONS, LEAD CERTIFICATION WILL BE A COMPONENT OF THAT.

UM, I KNOW THAT THEY WILL BE EAGER TO PROVIDE THOSE, UH, FACILITIES CUZ THAT'S JUST THE WAY THAT THE DIRECTION BOTH OF THEIR INDUSTRIES ARE GOING.

UH, BUT WE NEED TO FURTHER DEFINE THAT, UH, WITH THE CONTINUED NEGOTIATIONS.

DOES THAT REQUIRE SOME SPECIFIC ZONING OR ANYTHING? IT DOES, NO.

ANYBODY, ANY OTHER QUESTIONS FOR KEN? I HAVE ONE.

KEN.

IS THE PARKING THAT IS THERE ONLY IN THE GARAGE AND IN THE SPOTS ON FESTIVAL WAY, IS THAT THE ONLY PARKING AVAILABLE? SO THERE ARE, THERE IS A, UM, GROUND FLOOR PARKING, UH, RESERVED IN BOTH OF THE MULTI-FAMILY BUILDINGS TO SUPPORT THE GROUND FLOOR RETAIL THAT THOSE BUILDINGS ACCOMMODATE.

IT'S THE INTENT THAT THIS PUBLIC PARKING STRUCTURE, UM, THAT, UH, IS PROPOSED WITH THIS FIRST PHASE, UH, SERVES AND BALANCES.

THE, THE USE OF THE OFFICE WORKERS DURING THE DAYTIME AND WEEKDAYS AND THEN PUBLIC PARKING, UH, NOT ONLY DURING THE WEEKDAY, BUT AT A LIMITED QUANTITY, BUT THEN REALLY OPENING IT UP FOR PUBLIC PARKING IN THE EVENINGS AND ON THE WEEKENDS.

AND THEN WHEN YOU SEE THE SECOND PHASE, UH, AND THE DARK PROPERTY IS INTRODUCED, THERE WILL BE A MUCH LARGER PUBLIC PARKING STRUCTURE, UH, INCLUDED AS PART OF THAT.

SO AT THAT POINT, THIS, THIS AREA WILL REALLY HAVE A, A PRETTY SUBSTANTIAL SURPLUS OF PUBLIC PARKING, UH, FOR THIS PROJECT AND, AND TO SUPPORT TOWN SPECIAL EVENTS AS WELL.

SO SORT OF A FOLLOW UP TO THAT.

THERE'S, YOU KNOW, OTHER THAN SIGNS, THERE'LL BE, THERE'LL THERE WILL NEED TO BE A LOT OF COMMUNICATION INTERNALLY, YOU KNOW, PEOPLE THAT LIVE OUTSIDE OF HERE IS ONE THING.

THE PEOPLE THAT LIVE HERE AND VISIT, THERE WILL BE ANOTHER, SO THEY'LL

[00:45:01]

NEED TO UNDERSTAND.

AND THEN STICKING WITH TRAFFIC FOR A SECOND ARE PARKING.

UH, WE TALKED ABOUT THIS EARLIER.

UM, IT'S GONNA BE A LOT MORE DENSITY IN THAT AREA AND, YOU KNOW, THE TRAFFIC FLOWS ARE GONNA BE IMPACTED PROBABLY IN SOME WAY.

IS THERE ANY SORT OF, UM, PLAN TO MITIGATE ANY OF THAT? OR WHAT, WHAT'S THE THINKING BEHIND WHAT WE HAVE? WE'VE ADDRESSED SOME OF THAT, UH, WITH THE, THE T I A, UM, AS WE GET DEEPER INTO THE DESIGN PROCESS, THERE'S GONNA BE A SECOND COMPONENT TO THE T I A, UH, WHERE THEY'LL LOOK AT, UH, POTENTIAL ADDITIONAL IMPROVEMENTS.

THE ONE ON ADDISON ROAD THAT WE MENTIONED, THEY WANT TO EXPLORE SOMETHING ON QUORUM.

UM, BUT WE CONTINUE TO EVALUATE TRAFFIC OPERATIONS IN THAT AREA.

THE BEST THING WE CAN DO, UH, TO ADDRESS THOSE CONSIDERATIONS IS, IS TO ENSURE THAT THERE'S A MIX OF USES, UH, THAT'S THE GREATEST THING TO IMPACT TRAFFIC, AND THAT YOU'RE NOT HAVING A MONOCULTURE OF DEVELOPMENT WHERE IT ALL HAS THE SAME PEAK AND, UH, SAME DEMAND.

SO HAVING THAT OFFICE, HAVING THAT RETAIL AND HAVING THAT RESIDENTIAL COMPONENT REALLY SPREADS OUT, UH, WHERE THE DEMAND IS, UH, DURING CONSTRUCTION.

THIS MAY BE GETTING YOU A LITTLE BIT TOO DEEP INTO THE WEEDS, BUT I ASSUME FESTIVAL WAY IS GONNA BE COMPLETELY SHUT DOWN.

THAT'LL BE A CONSTRUCTION ONLY ACCESS, I ASSUME? UH, I, I THINK IT WILL WILL AT TIMES IT WILL BE, BUT I, I WOULDN'T NECESSARILY SAY THROUGHOUT THE CONSTRUCTION PROCESS IT NEEDS TO BE I'LL, I'LL ULTIMATELY DEFER TO THE DEVELOPMENT TEAM ON THAT.

THEY WILL HAVE, UH, THEY'VE PROBABLY STARTED TO DO THE, THEIR DUE DILIGENCE ON THAT.

UH, THAT CERTAINLY IS A POSSIBILITY.

ANY OTHER QUESTIONS FOR STAFF OR JUST, IS THE APPLICANT HERE TONIGHT? LYNN, I GET A QUESTION, SOMETHING GOING ON? NO.

CAN YOU ASK THE QUESTION OR HOW DOES THAT WORK? NO, YOU HAVE TURN YOUR, YOUR CARD, JT LASTLY, I THINK YOU LOOKED UP FOR ME THE J SITE THAT WAS JUST NORTH OF THIS THAT WE REZONED LAST YEAR.

THERE, THERE WASN'T ANY, I THINK THERE WAS ONLY ONE OBJECTION.

AND IT WAS AN A COMMERCIAL OFFICE USER, CORRECT? CORRECT.

IT WAS AN ADJACENT, UH, COMMERCIAL BUSINESS THAT APPROVES J THANK YOU.

UH, RE UH, IMAGINING THE, THE, THE CENTER LINE OR THE, THE SILVER LINE BEING THE CENTER PART OF THE, OF THE EAST WESTS CORRIDOR ALONG THE, THE DART LINE.

IS APPLICANT HERE TONIGHT? YES, SIR.

DO YOU WISH TO GIVE A PRESENTATION? YES, SIR.

PLEASE COME TO THE PODIUM.

STATE YOUR NAME AND ADDRESS.

HEY JOE, CAN ONE OF Y'ALL CONTROL YOUR SLIDES EXPLAIN AND CONCERNING FOR ADDISON? UM, MY NAME IS JOE BRUCE.

I'M WITH AMK DEVELOPMENT 5 57 KELLER SPRINGS ROAD.

HELLO, I'M BRAD RNAC WITH STREAM REALTY, UH, 7 1 53 WESTBROOK.

UH, UM, WE JUST WANTED TO START OUT.

IT'S, UH, IT'S A PLEASURE FOR US TO PRESENT THE, UH, ADDISON CIRCLE, T O D, PHASE ONE, UH, PLANNING AND ZONING AND ADDISON COMMISSION.

UM, WE APPRECIATE ALL OF THE, UH, VALUABLE TIME THE CITY STAFF SPENT WITH US GOING THROUGH THIS SINCE OUR RFP SUBMISSION, UM, BACK IN, UH, BACK LAST YEAR AND OUR ULTIMATE SELECTION, UH, IN MARCH OF LAST YEAR AS WELL, UM, WANTED TO KIND OF GROUND US BACK OF, OF WHO WE ARE.

I KNOW WE'VE CHATTED BEFORE IN, IN VARYING DEGREES, BUT ALSO WANTED TO KIND OF REINTRODUCE OURSELVES.

UM, AMK AND STREAM ARE LONG-TERM OWNERS, CORPORATE RESIDENTS AND COMMUNITY PARTNERS WITH THE TOWN OF ADDISON.

UM, STREAM OWNS FOUR OFFICE BUILDINGS IN ADDISON, UM, WITH OVER 500,000 SQUARE FEET OF OFFICE IN THE AREA.

UM, ONE OF THEIR BUILDINGS IS, UM, SPECTRUM BUILDING, UM, WHICH IS DIRECTLY ADJACENT TO THIS DEVELOPMENT, ALSO DIRECTLY ADJACENT TO OUR 340 9:00 AM EMILY ADDISON THAT WE BUILT ABOUT FOUR YEARS AGO.

UM, ALSO AM EMILY HAS BEEN FORTUNATE ENOUGH TO, TO GET ZONING APPROVAL FOR ANOTHER PROJECT ACTUALLY HERE.

UM, IF WE PLAN TO BEGIN CONSTRUCTION SUMMER OF THIS YEAR, MAYBE SUMMER OR FALL, BUT EXTREMELY EXCITED TO BE PARTNERS IN ADDISON, WE FEEL IT'S A UNIQUE AREA THAT WE'RE PROUD TO BE DEVELOPMENT PARTNERS IN, AS WELL AS LOCAL RESIDENTS.

UM, SO IT'S KIND OF A UNIQUE AREA BECAUSE IT'S THE HOLE IN THE DONUT FOR THE METROPLEX, EAST AND WEST AND NORTH AND SOUTH.

UM, AS CO-DEVELOPERS, WE UNDERSTAND THE GENERATIONAL OPPORTUNITY TO DEVELOP ADDISON CIRCLE STATION.

UM, I WAS FORTUNATE TO BE ON ADDISON, THE ORIGINAL ADDISON CIRCLE AS AN ARCHITECT.

TAYLOR BOWEN, THE PRESIDENT OF OUR COMPANY AS A CIVIL ENGINEER.

SO WE ASKED TIES TO ADDISON THAT GO VERY, VERY DEEP.

I WAS MUCH YOUNGER AT THE TIME, 12 OR 13, UM, CLEAN THE CIRCLE.

UM, AND EXTENDING THE CHARACTER IS, IS A PASSION OF OURS.

CONTINUING TO MAKE ADDISON A DESTINATION, UH, UH, TO LIVE, WORK AND PLAY.

[00:50:01]

UM, AND THEN STRENGTHEN THE TOWN'S PAC TAX BASE WITH, AS, AS KEN MENTIONED, OVER 400 MILLION OF TOTAL DEVELOPMENT.

UM, SO LEY WAS, UH, WAS FOUNDED IN 1980 AND IS OWNED BY PRIME REAL ESTATE, UH, PRIME PROPERTY FUND THAT'S BACKED BY MORGAN STANLEY.

UM, THEY WERE BOUGHT IN 2006 BY THE PRIME FUND AND NOW THE TOTAL VALUATION IS OVER 40 BILLION UNDER, UNDER THE CONTROLLER OF THE PRIME PROPERTY FUND.

UM, THIS IS THE TEAM.

ALL OF US ARE LOCAL, AS YOU'LL SEE.

TAYLOR'S BEEN HERE FOR A NUMBER OF YEARS.

MYSELF, ROBERT LAP, BRETT FOSTER, KEN HITCHCOCK IS OUR REGIONAL, UH, HEAD OF CONSTRUCTION.

AND GUY RODRIGUEZ, UM, IS LOCAL AND HE'LL BE MANAGING THE TREEHOUSE PROJECT AS WELL AS, UM, THE COTTON VE AT A CERTAIN TIME.

UH, AARON HATCHER IS, UH, SPEAKING TO OUR, UH, SUSTAINABILITY, UM, IS OUR SUSTAINABILITY OFFICER, UM, AND MANAGES ALL OF OUR LEAD CERTIFICATIONS AS WELL AS OUR SUSTAINABLE PLATFORM.

NEXT SLIDE, PLEASE.

UM, 79 COMMUNITIES AROUND THE NATION.

SEVEN MAJOR DISTRICTS THAT WE DEVELOP IN.

UH, TEXAS IS KIND OF THE HEART OF WHAT WE'RE DEVELOPING RIGHT NOW.

THIS IS THE TEXAS TEAM THAT YOU SAW ON THE PREVIOUS SLIDE.

UM, WE HAVE 79 COMMUNITIES, TWO, UH, 26,000 UNITS ACROSS THE NATION.

UM, WE HAVE 16 PROJECTS, UH, IN DALLAS.

13 ARE OPERATIONAL WITH OVER 4,500 UNITS.

UM, WE ARE LONG-TERM HOLDERS VERSUS MERCHANT BUILDERS.

UM, WE HOLD MORE THAN 10 YEARS UNTIL WE SELL IF, IF THAT IN SOME CASES WE SELL LONGER.

ALSO, WE'RE A VERTICALLY INTEGRATED COMPANY.

WE DO DEVELOPMENT, CONSTRUCTION AND OPERATION.

SO WE HAVE ALL OF THOSE, UM, LINES OF INFORMATION FOR US TO BE BETTER DEVELOPERS.

UM, AS I MENTIONED, WE HAVE THIS, UH, THE 4,300 UNITS IN DALLAS.

UM, THOSE AVERAGE AGE ARE OVER NINE YEARS OLD THAT WE STILL OWN AND MANAGE AT THIS TIME.

UM, WE HAVE A REGIONAL HEADQUARTERS HERE THAT WAS ESTABLISHED IN 2007, LOCAL TO ADDISON, AND WE HAVE 30 YEARS, UH, OF EXPERIENCE IN THE MARKET, UH, BETWEEN TAYLOR AND MYSELF.

UM, AS I MENTIONED, WE'RE DEVELOPING THE 419, UH, UNIT AM TREEHOUSE WITH 34 CELL TOWN HOMES OR CONDOS THAT WILL BE AVAILABLE AFTER WE, UM, WE SELL THOSE OFF AT A LATER DATE.

UM, AND THEN AGAIN, THE ONLY OTHER ITEM THAT I'LL ADD TO THE ADDISON PORTFOLIO IS THIS.

ONCE WE, ONCE WE COMPLETE THESE PROJECTS, ADDISON WILL BE THE SECOND LARGEST, UH, PORTFOLIO OF UNITS IN THE SUBMARKET IN THE METROPLEX BEHIND LAS COLINAS.

SO THESE ARE JUST SHOWING THE QUALITY.

MOST OF THESE ARE IN DALLAS, QUADRANGLE FOUNTAIN PLACE AM LOSS, COS, WHICH IS A LITTLE BIT OF A T O D AS WELL AS WEST PLANO, UM, AM EMILY MARINA DELRAY IS IN, IN CALIFORNIA JUST TO, UH, LEVEL SET EVERYBODY THAT'S A HALF BILLION DOLLAR, UH, PROPERTY VALUATION CURRENTLY.

AND THEN THE ALEY MILLER FIVE IS IN AUSTIN IN THE MILLER DISTRICT.

UM, THAT'S JUST SHOWING THAT, UH, VERY SIMILAR TO WHAT OUR PODIUM PROJECT WILL BE ON THE EASTERN FLANK OF OUR PROJECT.

IT'S WHAT'S A TWO STORY, UH, TYPE ONE CONSTRUCTION WITH FIVE STORIES OF WOOD FRAME ON TOP, UM, SUSTAINABLE.

WE'RE A LEADER IN SUSTAINABLE DEVELOPMENT.

WE HAVE 50 LEAD CERTIFIED PROJECTS IN OUR PORTFOLIO OF THE 79, SO THAT, THAT EQUATES TO TWO THIRDS OF OUR PROJECTS.

UM, OUR PROPERTY IS BEING LEAD CERTIFIED.

13 OF THOSE IN THE DALLAS REGION ARE, UH, LEAD CERTIFIED AS WELL.

UH, FOUNTAIN PLACE, A GREAT NOTE IS THAT IT WON THE 2022 LEAD HOMES AWARD FOR OUTSTANDING MULTI-FAMILY PROJECT BY THE U S G GVC, WHICH IS THE UNITED STATES GREENVILLE COUNCIL.

THEY'RE THE ONES THAT SET UP ALL THE PARAMETERS FOR THE SUSTAINABILITY AND LEAD.

UM, ALSO THE, THE TEXAS TEAM JUST WAS AWARDED, UH, OUR FIRST LEAD PLATINUM IN OUR PORTFOLIO, AND THAT'S ONE OF OUR PROJECTS IN, IN, IN IN AUSTIN.

UM, LASTLY, THIS WILL BE LEAD SILVER AS A MINIMUM, AND THAT'S PART OF THE MOU AND DEFINITIVE AGREEMENTS THAT WE'VE BEEN NEGOTIATING WITH THE CITY.

UM, THESE ARE JUST SOME, UH, QUICK SLIDES TO SHOW THE QUALITY OF WHAT WE, WHAT WE BUILD AND WHAT WE BELIEVE IN.

UH, 10 FOOT CEILINGS, UH, GRANTED STONE TOPS, UM, UH, LATCH SYSTEMS. UH, AGAIN, FOR US TO BE TOP OF MARKET, WE HAVE TO HAVE TOP OF MARKET DESIGNS AS WELL AS FINISHES.

UM, THESE ARE THE BATHROOMS AND CLOSETS, STAINED RODS, UH, DUAL SINKS, UH, FULL HEIGHT, UH, TILE IN THE BATHROOMS THAT, THAT GO ALL THE WAY TO THE CEILING IN OUR, IN OUR BATHTUBS, IN OUR SHOWERS.

AND THEN WE ALSO CREATE BATH BEST SPACES.

UM, A LOT OF TIMES IT'S A SPACE IN BETWEEN THE SPACE THAT'S IMPORTANT.

UM, AND THIS IS WHERE WE PUT OUR AMENITIES, WHETHER IT BE THE SIXTH LEVEL, UH, UH, POOL THAT OVERLOOKS TO THE SOUTH OR THE POOLS THAT ARE ON THE PODIUM ON THE THIRD FLOOR.

UM, ONE QUICK NOTE ABOUT OUR SUSTAINABILITY.

UM, WE'VE GOT A PRETTY NEAT, UH,

[00:55:01]

CONCEPT THAT WE'RE DOING FOR COLONIZATION IN OUR WEST PLANO PROJECT.

UM, WE HAVE BEEHIVES AT THE ROOF, AND THAT HELPS WITH THE POLARIZATION OF, OF THE AREA WITH ADDING THESE TO THE, TO THE, TO THE LOCAL SYS ECOSYSTEM.

AND THAT WOULD BE SOMETHING THAT WE WOULD CONTINUE TO LOOK INTO OF DIFFERENT OPTIONS TO HELP BE A BETTER SUSTAINABLE DEVELOPER.

UM, FORTUNATELY WE HAVE A ALL-STAR TEAM OF CONSULTANTS THAT WE'VE ENGAGED TO HELP DEVELOP THIS.

THIS WAS PART OF OUR FP PROCESS, O'BRIEN'S HERE, UM, AS WELL AS BOWMAN AND, UH, AND LAND DESIGN, OUR LANDSCAPE ARCHITECT AND OUR CIVIL ENGINEER HERE FOR ANY SPECIFIC QUESTIONS, BUT ALSO TO SHOW THAT WE ARE OPEN BOOK WITH THE TEAM THAT WE'RE WORKING TOWARDS THIS DEVELOPMENT.

ON THAT NOTE, I'LL HAND OFF TO BRAD FOR STREET.

OUR, UH, YEP.

SO, SO I'M BRAD DOAC, UH, DIRECTOR, UH, ON THE DEVELOPMENT TEAM AT STREAM HERE IN DALLAS.

UH, EVERYONE THAT YOU'RE SEEING HERE ON THE SCREEN IS ALL, UH, COMMITTED TO OFFICE DEVELOPMENT.

UH, IN OUR HEADQUARTERS OFFICE, WHICH IS HERE IN DALLAS.

WE'RE LOCATED DOWNTOWN IN TREBLE CROW CENTER.

RAMSEY MAR, WHO UNFORTUNATELY CANNOT BE HERE TONIGHT, BUT HE IS, UH, THE LEAD PARTNER WHO ACTUALLY RUNS OUR OFFICE AND MIXED USE DEVELOPMENT, UH, PLATFORM AT STREAM.

CURRENTLY WE HAVE 825 MILLION, UH, DOLLARS WORTH OF ACTIVE CONSTRUCTION OR CONSTRUCTION THAT IS IN PURSUIT OF BREAKING GROUND, UH, THAT WE'RE WORKING ON HERE ACROSS THE, THE METROPLEX, UH, WHICH TOTALS ABOUT ONE AND A HALF MILLION SQUARE FEET, UH, ACROSS TFW.

UH, AND THEN IT, I GUESS COMPLETED 331 MILLION, UH, DOLLARS WORTH OF CONSTRUCTION, WHICH, UH, IS ROUGHLY 1.9 MILLION, 1.95 MILLION SQUARE FEET SLIDE.

UH, SO THESE ARE KIND OF FOUR PILLARS THAT AT STREAM ON THE DEVELOPMENT SIDE THAT WE PRIDE OURSELVES ON.

UH, THE FIRST ONE IS WE SHOW UP.

SO WHAT WE REALLY MEAN BY THAT IS WHO YOU SEE IS WHO YOU GET.

SO ME INCLUDED IN THAT AND, AND RAMSEY AND THE REST OF THE TEAM, UH, WE'RE THE PEOPLE WHO TOOK THIS ON FROM THE ONSET AND WE'LL TAKE IT THROUGH COMPLETION.

SO THERE'S NO HANDING IT OFF TO ANYBODY ELSE.

IT'S REALLY ONE COHESIVE TEAM THAT SEES THE DEVELOPMENT ALL THE WAY THROUGH.

WE CERTAINLY BRING IN OTHER RESOURCES ACROSS STREAM AS WE PROGRESS THROUGH THE PROCESS, AND WE HAVE BROKERS AND PROPERTY MANAGERS AND, AND PEOPLE LIKE THAT.

BUT THE CORE TEAM IS THERE THE ENTIRE WAY TO SEE THE PROJECT THROUGH.

UH, SECONDLY, WE DO HARD THINGS.

UH, WE, YOU KNOW, WE LIKE TO THRIVE ON COMPLEXITY OR THINK WE THRIVE ON COMPLEXITY.

UH, THIS PROJECT IN PARTICULAR, IT IS VERY COMPLEX WITH THE CO-DEVELOPER APPROACH, UH, WITH ALL THE NUANCES WITH COORDINATING WITH DART.

UH, AND THEN WE ALSO HAVE, YOU KNOW, THE TOWN BEING A PARTNER IN THIS, UH, DEVELOPMENT.

AND SO WE'RE VERY THANKFUL FOR THAT.

WE'VE BEEN WORKING WITH STAFF KEN, AND I THINK THEY WOULD SAY THAT WE'RE, YOU KNOW, ADAPTABLE AND TRYING TO, UH, MAKE THIS PROJECT, UH, COME TO FRUITION.

UH, I KIND OF HIT ON IT THERE, ADAPTABLE.

UH, SO WE ADAPT.

SO AGAIN, YOU KNOW, WE'RE, WE'RE ALWAYS HERE TO TRY AND WE DON'T HAVE A ONE SIZE FITS ALL APPROACH AND WE'RE TRYING TO BRING QUALITY DEVELOPMENT TO, UH, A PROJECT THAT DESERVES, YOU KNOW, A REALLY QUALITY END RESULT.

AND THAT'S OUR END, OUR END GOAL.

UH, AND THEN LASTLY, WE OWN IT.

UH, SO WE DO HAVE A FULLY DISCRETIONARY IN-HOUSE FUND.

WE'RE ON OUR FOURTH FUND CURRENTLY.

UH, WE OWN PROPERTIES ACROSS THE COUNTRY, OBVIOUSLY BEING DFW, OUR BACKYARD.

UH, WE DO OWN SUBSTANTIAL AMOUNT OF PROPERTIES HERE WITHIN DALLAS, UH, AS WELL.

UH, JUST AGAIN, MORE HIGH LEVEL ON STREAMS. WE HAVE 14 OFFICES ACROSS THE COUNTRY.

WE HAVE ABOUT 1200 EMPLOYEES NOW.

UH, WE DO EVERYTHING FROM LEASING AND PROPERTY MANAGEMENT, UH, THROUGH DEVELOPMENT, THROUGH E EVERYTHING IN BETWEEN, I GUESS ACCOUNTING AND EVERYTHING THAT GOES ALONG WITH OWNING A PROPERTY.

UM, WE HAVE ABOUT 270 MILLION SQUARE FEET, UH, THAT WE LEASE ACROSS THE COUNTRY.

AND WE, WE GENERALLY HAVE A, UH, TRANSACTIONS OF ABOUT 5.8 BILLION PER YEAR TRANSACTIONAL VOLUME.

UH, AGAIN, FULL CONTINUUM OF SERVICES.

SO YOU KNOW WHO YOU, WHO YOU SEE IS WHO YOU GET.

WE'RE HERE FROM THE BEGINNING.

WE'RE HERE FOR SITE SELECTION.

WE TAKE IT ALL THE WAY THROUGH DISPOSITION AND BRING IN OTHERS AS WERE NEEDED, UH, ACROSS THE COMPANY.

SO HERE'S A, A QUICK REPRESENTATIVE, UH, LIST OF TENANTS THAT HAVE MOVED INTO BUILDINGS THAT WE HAVE DEVELOPED HERE WITHIN DALLAS.

I'M SURE YOU'LL RECOGNIZE MANY OF 'EM.

AGAIN, WE JUST PUT THIS ON HERE TO, TO SHOW, UH, KIND OF OUR ATTENTION TO DETAIL AND THE QUALITY DEVELOPMENT THAT WE TRY AND DELIVER.

AND WE'RE THANKFUL FOR THESE TENANTS THAT ULTIMATELY SELECT OUR BUILDINGS TO MOVE INTO THEM.

SO THERE'S A COUPLE OF CASE STUDIES WANTED TO RUN THROUGH REAL QUICK THAT I THINK ALL HAVE, UH, SOME UNIQUE FEATURES THAT WILL APPLY TO THE ADDISON DEVELOPMENT.

SO THE FIRST ONE HERE IS THE QUAD.

UH, THIS IS A BUILDING THAT'S ACTUALLY CURRENTLY UNDER CONSTRUCTION IN UPTOWN, UH, IN DALLAS.

IT'S, UH, SLATED FOR COMPLETION IN Q1 OF 2024.

AND WHILE THE, THE BUILDING ITSELF IS WAY BIGGER, THE PROJECT'S BIGGER, UH, FROM THE OFFICE COMPONENT, IT'S A 345,000 SQUARE FOOT OFFICE BUILDING.

WHAT WE'RE REALLY PROUD OF AND THINK THAT HAS, UH, A LOT OF CORRELATION TO ADDISON IS OUR RETAIL

[01:00:01]

STRUCTURE THAT WE HAVE.

AND YOU, IT'S HARD TO SEE ON THIS IMAGE, BUT IN THAT TOP RIGHT THERE, YOU CAN KIND OF SEE IT.

THE LOW SCALE OR THE LOW RISE KIND OF BUILDINGS.

IT'S ACTUALLY FIVE INDIVIDUAL, WE CALL 'EM KIND OF CAMP BUILDINGS, UH, WHERE THEY ALL ARE FOOD AND BEVERAGE ORIENTED.

IT'S ABOUT 15,000 SQUARE FEET.

THEY ALL HAVE THEIR OWN KITCHENS.

IT'S ALL, YOU KNOW, SEPARATE CONCEPTS.

BUT IDEA WAS THE CONNECTIVITY ACROSS THE PROJECT.

SO REALLY HOW YOU, YOU KNOW, INTEGRATE THAT RETAIL INTO THE OFFICE AND INTO THE REST OF THE SITE WAS THE BIG FOCUS.

AND OBVIOUSLY THAT'S EXACTLY WHAT WE'RE GONNA TRY AND DO WITH THE RETAIL ENTERTAINMENT NODE HERE IN ADDISON.

UH, IN ADDITION TO THAT, ONE THING I DIDN'T WANNA POINT OUT IS THAT THIS PROPERTY IS ACTUALLY LOCATED ON THE SAME PLATTED LOT AS AMWAY.

SO THAT'S REALLY, UH, OUR FIRST FORAY INTO WORKING WITH AMWAY AND WE'VE WORKED EXTREMELY WELL.

IT WAS VERY COMPLICATED TO GO THROUGH THAT ZONING PROCESS IN DALLAS AND ULTIMATELY GET TO THE POINT WHERE WE ARE TODAY, WHICH, UH, THERE'S A BIG OLD HOLE DUG IN THE GROUND RIGHT NOW IF YOU DRIVE PAST IT.

AND WE'RE, WE'RE COMING BACK UP TO GRADE, THIS IS QUADRANGLE, RIGHT? QUAD, SO PEOPLE KNOW THAT.

YEP.

SORRY, WE HAVE REBRANDED AS THE QUAD, BUT IT IS THE OLD QUADRANGLE PROPERTY.

THAT'S CORRECT, YEAH.

UH, THE NEXT ONE HERE IS 2000 ROSS.

UH, SO AGAIN, THIS ONE WE THINK IS A LOT OF CORRELATION GIVEN THE SCALE OF THE RETAIL.

SO IT'S ABOUT 26,000 SQUARE FEET, WHICH IS OBVIOUSLY THE IDENTICAL SIZE OF THE RETAIL THAT WE'RE PROPOSING AT THE ADDISON PROJECT.

UH, THE DIFFERENCE OBVIOUSLY IS THAT THIS RETAIL IS ACTUALLY INTEGRATED INTO A PARKING GARAGE.

THIS IS DOWNTOWN ACROSS FROM TRAMER CROW CENTER.

AND SO WE ACTUALLY BUILT THE 2000, UH, STALL PARKING GARAGE, INTEGRATED THE RETAIL THAT'S ACTUALLY LINING THAT PARKING GARAGE.

UH, AND WE THINK IT'S, IT'S BEEN A GREAT ASSET TO THE NEIGHBORHOOD, ESPECIALLY FOR THE, FOR THE TENANTS WITHIN TRAMER CROW CENTER.

IT'S BEEN VERY WELL RECEIVED.

AND IN ADDITION TO THAT, WE REALLY THINK IT PROVIDES A LOT OF, UH, SIMILARITIES TO THE WALKABILITY THAT WE'RE TRYING TO CREATE, BOTH ALONG OUR PARKING GARAGE AND THE ADDISON CIRCLE, UH, DEVELOPMENT, AND ALSO JUST ACROSS THE PROJECT IN GENERAL.

SO IT'S REALLY TRYING TO CONNECT, CONNECT THOSE STREET SCAPES BACK INTO THE DEVELOPMENT ITSELF.

SO, TH THIS IS THE THIRD ONE THIS WANNA SHARE US.

THIS IS THE ABOG, UH, DEVELOPMENT.

SO THIS IS, THAT'S AMERICAN BOARD OF OBSTETRICS AND GYNECOLOGY.

IT'S ACTUALLY A BUILD TO SUIT THAT WE'RE DOING RIGHT NOW IN UPTOWN AS WELL.

IT'S RIGHT NEXT TO THE QUADRANGLE, BELIEVE IT OR NOT.

SO IT'S, AGAIN, NEIGHBORING WITH AMWAY.

SO WE, WE, UH, UH, WORK WITH AMWAY HAND IN HAND TO MAKE SURE THAT WE'RE NOT INTERFERING WITH ANY OF THEIR TENANTS WITHIN THEIR SPACES AND JUST BEING A GOOD NEIGHBOR OR A GOOD NEIGHBOR TO THE WHOLE NEIGHBORHOOD.

UH, BUT THIS IS A 85,000 SQUARE FOOT BUILD TO SUIT.

THE REASON IT'S ON HERE IS REALLY, WE THINK IT, IT PROVIDES A LOT OF, UH, I GUESS, DESIGN DIRECTION IN TERMS OF THE QUALITY OF PRODUCT THAT WE LIKE TO BUILD, ESPECIALLY FOR A PROJECT AT THIS SCALE, WHICH IS A LITTLE BIT CLOSER TO WHAT WE'RE GONNA BUILD IN ADDISON.

YOU'LL SEE, OR YOU DID SEE IN THE RENDERINGS ALREADY, THE KIND OF, THE FEATURES OF THE BUILDING ARE DEFINITELY DIFFERENT, BUT THE, THE HIGH QUALITY NATURE OF THE PRODUCT THAT WE'RE TRYING TO DELIVER IS EXACTLY THE SAME.

AND THEN IN ADDITION TO THAT, JUST THE, THE LANDSCAPE AND THE SURROUNDINGS AROUND, UH, THE BUILDINGS THEMSELVES.

AGAIN, WE REALLY TRY AND FOCUS ON THE CONNECTIVITY TO THE NEIGHBORHOOD AND TO THE SURROUNDINGS.

CAUSE WE WANT ONE BIG COHESIVE DEVELOPMENT.

13 STORY, 250 UNITS, UM, WITH 10,000 SQUARE FEET OF, OF, OF RETAIL.

CHECK BACK AGAIN.

OH, THANK YOU, SIR.

UM, SO THANK YOU SO MUCH, BRAD.

UM, WHAT I WANTED TO DO HERE IS PART OF OUR ORIGINAL R F C WAS HER VISION.

WE HAD A VISION STATEMENT, UM, AND I'LL READ THAT, TO CREATE AN ICONIC, VIBRANT, WALKABLE URBAN COMMUNITY THAT COMPLETES THE VISION OF ADDISON'S CIRCLE AND BECOMES THE PREMIER STOP ALONG DART SILVER LINE.

THE MIXED USE TRANSFOR DEVELOPMENT WILL BECOME, WILL COME TO LIFE THROUGH ART PLACEMAKING AND SUSTAINABILITY.

THE DEVELOPMENT WILL FUNCTION AS A GATEWAY INTO ADDISON, AND FURTHER THE CONNECTION TO THE CITY OF ADDISON AND THE GREATER DFW METROPLEX VIA THE ROADWAY, AS WELL AS THE TRA THE RAIL SYSTEM.

THE ARCHITECTURAL DESIGN WILL BE TEAM, WILL BE TIMELESS IN NATURE, SPEAKING TO THE DNA OF THE EXISTING DEVELOPMENT AND ADDS CIRCLE WHILE PROVIDING ITS AN OWN, AN OWN IDENTITY AS A MODERN TRANSIT-ORIENTED HUB.

SO WE WENT BACK AND KEN DID A GREAT JOB CIRCLING BACK ON SOME OF THE, THE STUDIES THAT ADDISON HAD WITH THIS, WHETHER IT BE DIVISION 2020 OR THE, UM, SPECIAL AREA STUDY.

SOME OF THE TAKEAWAYS FROM THERE THAT THEIR GOALS WERE MAJOR DESTINATION ALONG THE SILVER LINE, ENHANCED ADDISON REPUTATION AS A PLACE TO LIVE, WORK, AND PLAY, AND STRENGTHEN THE TAX BASE.

WE FEEL WE'VE DONE THOSE, AND I THINK THAT'S WHY WE'RE ONE OF THE REASONS WHY WE'RE SELECTED AS THE, UM, GETTING AWARDED THE RFP.

UH, WHAT WE WANNA DO IS RESET WHERE WE WERE AS A PART OF THE RFP TO SAY WHERE WE WERE AND WHERE WE ARE NOW.

THE ORIGINAL RFP WE SUBMITTED IN DECEMBER, AND THEN RESUBMITTED IT IN FEBRUARY TO MAKE THE FINAL DECISION BY COUNCIL.

WE HAD 150,000 SQUARE FEET OF RETAIL AT THAT POINT.

NOT, UH, I'M SORRY, 150,000 SQUARE FEET OF OFFICE AT THAT POINT.

I DID THAT EARLIER.

9,000 SQUARE FEET OF, OF, OF RETAIL AND 625 PARKING SPACES IN THE OFFICE COMPONENT BY STREAM CO-DEVELOPER.

THE TOWER, UM, HAD, UH, HAD

[01:05:01]

AND IT'S TYPE ONE CONSTRUCTION.

AGAIN, AS KEN MENTIONED, DID DOING SUCH A GREAT JOB.

IT'LL BE THE HIGHEST AND TALLEST RESIDENTIAL BUILDING IN ADDISON.

AND THEN THE FAR EASTERN SIDE IS THE, UH, MULTI-FAMILY PODIUM, WHICH IS A TWO PLUS FIVE, UH, UH, PROJECT.

450 UNITS WERE IN THERE WITH 5,000 SQUARE FEET OF RETAIL.

AGAIN, THE PARKING BEING UNDERNEATH THE BUILDING ITSELF.

UM, A AND AS KEN MENTIONED, UM, THE RFP WAS AWARDED IN MARCH TO STREAM AND AMIE, AND THEN THE M MOU WAS AGREED UPON IN APRIL OF LAST YEAR.

UM, SINCE THEN, AS A PART OF THAT, THE ENTITLEMENTS REQUIRED US TO PUT TOGETHER A LIMITED SERVICE, UH, SCOPE, T I A THAT KEN MENTIONED, MASTER STREET, STREET SCAPE DEVELOPMENT PLAN.

THAT WAS AN ILLUSTRATIVE, UH, UH, HIERARCHY OF HOW THE ROADS ARE GONNA BE WORKING, THE ACCESS, UH, FROM NORTH, SOUTH AND EAST AND WEST, AND ALSO THE MAJOR NODES AS YOU CROSS THESE INTERSECTIONS.

AND THESE WERE ALL PART OF, UM, A PART OF THE, UH, OF THE SUBMISSION OF WHAT WE HAVE TODAY THAT YOU CAN FURTHER REVIEW.

WE ALSO DID A PARKING STUDY, UM, PER, FOR THE SHARED PARKING AGREEMENT.

AND THAT WAS REVIEWED, UM, BUT WILL BE FURTHER REVIEWED AS A PART OF THE, UM, THE PERMITTING PROCESS.

UM, SO WHAT WE'VE DONE IS WE HAVE WORKED TIRELESSLY TO MAINTAIN THE, THE, UM, UH, THE INTEGRITY OF OUR RFP, NOT TRYING TO DO A BAIT AND SWITCH WITH DOING SOMETHING, AND THEN COMING BACK WITH SOMETHING ELSE.

WE'VE MAINTAINED THE INTEGRITY SQUARE FOOTAGE AND HEIGHTS THAT WE HAD AS A PART OF OUR RFP, EVEN WITH THE CHALLENGING CHANGE IN MARKETS OVER THE LAST SIX MONTHS.

UM, AND, AND IT'S BEEN A GREAT, UH, WORKING WITH CITY STAFF, KEN SHANNON, UH, THAT TEAM TO HELP US, UH, MAKE SURE THAT WE'RE NOT GETTING OFF TRACK AND ALSO BEING A KEY, UH, CONDUIT TO, TO GET WITH DART AN ENCORE TO GET SOME OF THESE HARDER QUESTIONS ANSWERED AS WE'RE HONING IN ON THE DEVELOPMENT ITSELF.

SO I'LL HAND IT OFF TO BRAD TO SPEAK TO THE, THE STREAM OFFICE COMPONENT NOW WHERE WE ARE EXACTLY NOW.

PERFECT.

THOSE, UH, SO AS, AS JOE WAS JUST MENTIONING, WHEN WE STARTED OFF THIS PROCESS, WE WERE 150,000 SQUARE FOOT OFFICE BUILDING, 9,000 SQUARE FEET OF RETAIL AND 625, UH, STALL PARKING GARAGE.

MOST OF THAT HAS REMAINED THE SAME.

THE ONE BIG KICKER THAT HAS CHANGED, AND THE OBVIOUSLY WE WANT TO DISCUSS AND BE UPFRONT ABOUT IS THE 9,000 SQUARE FEET OF RETAIL.

WE WERE ORIGINALLY PLANNING TO PUT THAT RETAIL IN THE BASE OF THE PARKING GARAGE, THAT FRONT FESTIVAL WAY.

AS WE FURTHER DEFINED THE PLAN AND ACTUALLY BEGAN TO DRAW OUT THAT RETAIL SPACE, IT WAS VERY APPARENT THAT IT WAS TOO SHALLOW.

IT WASN'T, UH, GONNA BE THAT ENGAGING, AND IT JUST REALLY WASN'T GONNA BE GOOD RETAIL SPACE.

AND IN ADDITION TO THAT, IT WAS GONNA CUT INTO SOME OF THE PARKING THAT WE ACTUALLY, WE WERE ULTIMATELY GONNA NEED FOR THE PROJECT TO DELIVER A WELL PARKED, UH, BUILDING.

SO WHAT WE DID INSTEAD IS WE ACTUALLY TOOK THAT 9,000 SQUARE FEET.

WE HAVE MOVED SOME OF IT OVER INTO THE OFFICE SPACE IN GENERAL.

SO WE HAVE 3,700 SQUARE FEET, ROUGHLY THAT'S NOW PLANNED FOR THE GROUND FLOOR OF THAT OFFICE SPACE.

AND THEN IN ADDITION TO THAT, THE OFFICE BUILDING GREW.

SO IT'S NOW 165,000 SQUARE FOOT OFFICE BUILDING THAT'S INCLUSIVE OF THE 3,500 SQUARE FEET OF RETAIL SPACE.

SO ABOUT 161,000 SQUARE FEET OF OFFICE, WHICH IS OBVIOUSLY LARGER THAN THE 150 WE WERE ORIGINALLY PLANNING TO DELIVER.

UH, WITH THAT, WE, WE DID NOT WANT TO JUST IGNORE THE PARKING STRUCTURE AT ALL.

WE WORKED WITH STAFF AND KEN TO REALLY COME UP WITH WHAT WE THINK IS ACTUALLY A BETTER PLAN, ESPECIALLY GIVEN NOBODY WANTS VACANT RETAIL TO BE THEIR KIND OF FOREFRONT OR THAT THEIR STOREFRONT INTO A NEW DEVELOPMENT.

SO WHAT WE'VE DONE IS THAT NORTH FACADE ALONG FESTIVAL WAY, AND YOU CAN SEE IT IN SOME OF THOSE RENDERINGS, WE HAVE PLANNED A, UH, A MURAL, A VERY BIG MURAL OPPORTUNITY, BRINGING IN AN ARTIST TO ACTUALLY SHOW, UH, THERE YOU CAN SEE IT, TO REALLY, UH, WELCOME YOU INTO THE DEVELOPMENT.

IT CAN, THE DESIGN IS IN THE WORKS.

THIS IS A PLACEHOLDER, UH, BUT IF IT'S, YOU KNOW, EITHER WELCOME TO ADDISON OR, OR WHATEVER THE MESSAGE IS GONNA BE, IT REALLY SHOWS PEOPLE A SENSE OF ARRIVAL TO THE DEVELOPMENT POINTS 'EM IN THE RIGHT DIRECTION, AND REALLY KIND OF, UH, BRINGS EVERYBODY INTO THAT CENTRAL POINT OF THE DEVELOPMENT, WHICH IS REALLY IN BETWEEN THE OFFICE, THE RETAIL, AND AMWAY'S, UH, HIGH-RISE DEVELOPMENT.

SO IT KIND OF CONCENTRATES REALLY WHERE THE ACTION IS GONNA OCCUR ON FESTIVAL WAY.

AND THEN IN ADDITION TO THAT, WE ACTUALLY CAN'T SEE IT IN THE S RENDERING NECESSARILY, UH, BUT THERE, THERE'S A CANOPY OUT FRONT AS WELL ON THAT NORTH EDGE OF THAT PARKING GARAGE.

SO IT REALLY DOES, HERE'S A GREAT SHOT OF IT.

SO IT DOES ACTUALLY PROVIDE SOME SCREENING.

SO IF YOU ARE COMING UP ADDISON ROAD AND WALKING INTO THE PROJECT, YOU CAN ACTUALLY HAVE A COVERED WALKWAY ALL THE WAY INTO THE DEVELOPMENT ITSELF.

UH, AGAIN, RATHER THAN, YOU KNOW, WHAT WE THOUGHT WAS

[01:10:01]

GOING TO END UP BEING VACANT RETAIL THAT NOBODY WANTED TO HAVE.

UH, OUTSIDE OF THAT, OUR, OUR PLAN HAS LARGELY STAYED THE SAME.

UH, THERE'S BEEN OBVIOUSLY SOME TWEAKS IN TERMS OF SETBACKS AND, AND SOME NUANCES IN TERMS OF HOW THAT PLAN'S ACTUALLY DRAWN.

BUT FROM THE, THE GRAND SCHEME OF THINGS, IT'S BEEN RELATIVELY UNCHANGED, UH, FROM THE RENDERINGS THEMSELVES.

YOU KNOW, WE'RE VERY PROUD OF 'EM.

UH, O'BRIEN'S DONE A GREAT JOB DESIGNING THE BUILDING AND BRINGING WHAT WE THINK IS A VERY UNIQUE OFFERING, UH, TO ADDISON.

IT FITS IN VERY WELL WITH THE SURROUNDING BUILDINGS.

IT REALLY BRINGS A LOT OF THAT CHARACTER, BUT ALSO HAS A, A NEW FEELING TO IT AND SHOWS THAT IT'S A BRAND NEW, YOU KNOW, DEVELOPMENT AND THAT BRINGS ITS OWN LIFE AND ENERGY TO IT.

SO WE'RE EXTREMELY EXCITED ABOUT THE DIRECTION.

YOU CAN SEE A LOT OF BRICK, OBVIOUSLY, UH, WHICH IS THEN MIRRORED ON THE PARKING STRUCTURE, WHICH KEN'S BOOK ABOUT EARLIER.

BUT IT WAS SOMETHING THAT WE WERE COMMITTED TO FROM THE VERY BEGINNING TO PROVIDING SIGNIFICANT SCREENING SO THAT YOU DON'T END UP WITH JUST A CONCRETE PARKING STRUCTURE.

THAT'S KIND OF AN ISO FOR THE DEVELOPMENT.

BUT AT THE SAME TIME, IT ALLOWS US TO PUT THE PARKING ABOVE GRADE AND BE A LITTLE BIT MORE COST EFFECTIVE, UH, FOR EVERYBODY'S BENEFIT ON THIS PROJECT.

UH, RATHER THAN TRYING TO BURY THE PARKING, WHICH IS TOO COST PROHIBITIVE TO DO, ESPECIALLY IN ADDISON MARKET, WHERE THE RENTS DON'T, DON'T SUPPORT IT.

SO, YEAH, SO THESE ARE JUST DIFFERENT ANGLES.

OBVIOUSLY, LOOKING AT THE OFFICE BUILDING HERE, THE PARKING GARAGE WOULD BE OVER TO YOUR RIGHT, LOOKING BACK TOWARD THE, TOWARDS THE OFFICE BUILDING, UH, WITH THE GROUND LOBBY KIND OF RIGHT HERE IN THE CENTER.

AND THEN THIS SECOND FLOOR BALCONY IS ACTUALLY GONNA BE A COMMON AREA FOR THE BUILDING.

SO THAT'LL ACTUALLY BE YOUR AMENITY SPACE.

WE'LL BE ABLE TO HAVE SOME MEETINGS.

YOU'LL BE ABLE TO HAVE KIND OF YOUR, UH, LOUNGEY ENVIRONMENT, IF YOU WILL.

UH, AND THEN ALSO GO OUTSIDE ONTO THAT PATIO TO BOTH INTERACT WITH WHAT'S HAPPENING IN THE RETAIL CENTER ALONG WITH, YOU KNOW, INSIDE IN THE AMENITY SPACE ITSELF.

AND THEN YOU CAN ALSO SEE JUST THE BALCONIES THAT WE'RE PLANNING KIND OF THROUGHOUT THE BUILDING.

UH, THAT'S ANOTHER DIFFERENTIATOR FOR AN OFFERING FOR OFFICE TENANTS WITHIN THE ASSET MARKET.

AND HERE, THE ONLY THING I'LL POINT OUT TOO, I KNOW THERE'S SOME QUESTIONS ABOUT IT, THIS PATH HERE THAT YOU'RE LOOKING AT, THAT WOULD ACTUALLY BE THAT CONNECTION THAT'S GOES BACK TO DART, CONNECTS TO THE DART, UH, STATION ITSELF, AND THEN GOES DIRECTLY UP AND CONNECTS INTO AS AND CIRCLE PARK.

AND THAT ALIGNS WITH THE EXISTING STRUCTURE THAT'S THERE TODAY.

YEAH, SURE.

GOT IT.

SO, UM, THIS IS THE RETAIL ENTERTAINMENT, UH, BLOCK.

UM, WE'VE, WE'VE BACKED OFF A LITTLE BIT.

WE HAD A, A, A CONCEPT THAT WAS A LITTLE TOO, UM, TOO BAKED.

SO WE WANTED TO TAKE A STEP BACK, ALLOW FOR A LITTLE BIT OF FLEXIBILITY AS THE MARKET MAY SHIFT.

THE KEY ITEM THAT WE'RE WORKING, THAT WE'VE, UH, PARTNERED WITH THE CITY ON IS THE CONNECTION FROM THE DARK, UH, STATION.

SO THIS WILL BE YOUR DARK PLATFORM.

THERE'S TWO MEETINGS ACROSS FROM THE DARK PLATFORM TO THIS PROJECT.

AND SO WHAT WE'VE WORKED WITH THE CITY IS TO ALIGN A, A PEDESTRIAN BOULEVARD ALL THE WAY UP TO ADDISON CIRCLE PARK ON THE EAST AND WEST SIDE OF THIS BLOCKING.

WE WANT TO LEAVE IT OPEN FOR, UH, OWNER OPERATOR THAT, UM, AS WE GET CLOSER, WE CAN PROVIDE THEM A LITTLE BIT OF FLEXIBILITY TO GET THE RIGHT TENANTS AND OPERATORS IN THERE.

BUT THE KEY ITEM IS MAKING SURE THAT THIS IS, UM, WELL DESIGNED, WELL THOUGHTFUL WITH THESE, UH, ENHANCED PAVING, ENHANCED LANDSCAPING, AND ALSO, UH, LITTLE HINT OF ART THAT WE WORK WITH YOU, MADISON ARBOR FOUNDATION TO HAVE.

SO THE OTHER ITEM THAT WE'VE DONE WITH THE TOWER IS, BEFORE THIS WAS AN EXPOSED PARKING GARAGE.

ALONG THIS EDGE, WHAT WE'VE DONE IS WE'VE ACTUALLY, BECAUSE OF PARTNERING WITH THE CITY, WE FOUND OUT THAT THE NOISE CONTRA MOVED A LITTLE BIT FURTHER TO THE WEST.

THIS ALLOWED US TO GROW OUR, OUR RESIDENTIAL PLATFORM A LITTLE BIT AND GET THIS LINE.

SO THE ONLY SIDE OF THE RESIDENTIAL TOWER THAT YOU SEE, THE PARKING GARAGE WAS TO THE SOUTH, ALONG THE SILVER LINE.

SO WE'RE REALLY PROUD OF WHAT WE'VE BEEN ABLE TO ACCOMPLISH HERE.

ALSO, AS KEN MENTIONED, THIS IS THE TABLETOP, UH, UH, TABLETOP EXECUTION THAT WE HAVE THAT'LL TIE THIS RETAIL ENTERTAINMENT DISTRICT TO ADDISON CIRCLE PARK, AND POSSIBLY SERVE AS AN INCUBATOR SPACE FOR FURTHER DEVELOPMENT ACTUALLY IN THE PARK.

THIS ALSO SERVES AS A TRAFFIC CALMING, UH, CONCEPT.

AS, AS KIM MENTIONED, WE ALSO HAVE PARALLEL SPACES ON THE NORTH AND SOUTH SIDE OF FESTIVAL WAY, GETTING RID OF THE ANGLED HEAD SPACES.

SO, AGAIN, FEEL MORE, MAKE IT FEEL MORE LIKE AN INTENTIONAL NEWS WITH ENHANCED PAV THROUGHOUT THE, THE, UH, THE FESTIVAL WAY ROOM.

SO AGAIN, THIS IS A CONCEPT THAT WE HAVE.

WE KNOW THE BASIS OF THE DESIGN WILL BE 25,000 SQUARE FEET OF, OF RETAIL ENTERTAINMENT AREA, AND THERE'LL BE A CERTAIN AMOUNT OF OPEN SPACE ABOVE THAT UNTIL WE GET AN

[01:15:01]

OPERATOR THAT WE WILL WORK WITH STREAMS LOOKING, WE'RE LOOKING, WE'VE, WE'VE, WE HAVE OVER 200,000 SQUARE FEET OF RETAIL AROUND THE COUNTRY.

WE'RE THE MAIN DEVELOPER OF THE RETAIL DISTRICT IN AUSTIN ON SECOND STREET.

SO WE ALL HAVE EXPERIENCE WITH THIS, BUT AS, AS, AS THIS KIND OF FILLS IN, WE CAN THEN PIVOT TO SOMEBODY THAT'S A LITTLE BIT, THAT HAS MAYBE A MORE DEFINED CONCEPT, UM, UH, TO MOVE IT FORWARD SO THAT WE'RE NOT PIGEONHOLED INTO CERTAIN RESTRICTIONS THAT WE'RE GONNA HAVE TO COME BACK AND ASK FOR CHANGES LATER ON.

SO THIS IS THE, UM, UH, BLOCK THREE, I MEAN, BLOCK A LOT.

THREE RESIDENTIAL TOWER.

UM, AGAIN, WE HAVE 10,000 SQUARE FEET OF RETAIL.

IT'S A, UH, 13 STORY BUILDING WITH A FIVE STORY LINER ALONG THE WESTERN FRONTAGE.

THESE UNITS WILL HAVE STOOPS TO HELP ACTIVATE THIS PEDESTRIAN ACCESS EASEMENT THAT HELP, THAT WILL HAVE PEDESTRIANS COMING FROM THE, FROM THE RAIL STOP NORTH TO THE PARK, OR TO OUR PROJECT, OR TO THE RETAIL ENTERTAINMENT DISTRICT, OR TO THE OFFICES.

UM, THIS IS A ON YOUR PHONE.

UM, SO THESE SHOW ALL THE PLANS THAT WE HAVE.

BASICALLY, IT'S A, IT'S A SIX LEVEL GARAGE, UH, FIVE LEVEL GARAGE, WHICH A SIX LEVEL Z.

UM, THE, UH, PODIUM OR THE AMENITY DECK, IF YOU GO ONE MORE FORWARD, UM, WE HAVE A, A SIX LEVEL AMENITY DECK THAT WE'LL BE FACING TOWARDS THE SOUTH.

THE OTHER THING WITH THE DESIGN OF THIS IS WE'VE MAXIMIZED THE NUMBER OF UNITS THAT ARE FACING ADDISON CIRCLE PARK, A 10 ACRE PARK.

YOU'LL HAVE FOREVER GREAT VIEWS.

SO WE'RE REALLY EXCITED ABOUT THIS BEING ONE, THE FIRST HIGH RISE KIND OF IN BETWEEN THE NORTHWEST HIGHWAY DISTRICT IN FRISCO, PLANO, UM, BEING ALSO ON A T O D.

AND WE THINK THIS COULD BE A GREAT OPPORTUNITY FOR DEVELOPMENT IN THIS AREA AND PROVIDE SOMETHING DIFFERENT THAN, THAN THE SUBMARKET HAS CURRENTLY.

THESE ARE THE ELEVATIONS OF WHAT WE'RE PROPOSING.

AGAIN, IT SHOWS QUALITY.

WE'VE TAKEN THE CUES FROM ADDISON'S CIRCLE WITH THE AMOUNT OF MASONRY.

WE'VE TRIED TO MODERN IT UP A LITTLE BIT.

O'BRIEN'S DONE A, A GREAT JOB OF, OF PULLING THESE TOGETHER WHILE MAKING IT, UH, NOT AS BROTHER OR SISTER, BUT A COUSIN OF WHAT'S ALREADY BEEN BUILT IN ADDISON'S CIRCLE.

UM, AND TAKING THOSE CUES.

SO, AS I MENTIONED, THIS IS THE FIVE STORY LINER.

THIS WOULD BE THE, THE CONNECTION, UH, TO THE, TO THE DART STATION.

THIS IS FESTIVAL WAY, AS YOU CAN SEE, IT'S, IT'S, UM, WELL LANDSCAPED ENHANCED PAVING.

ALSO, THE CUES AS YOU, AS YOU QUESTIONED EARLIER ABOUT HOW TO GET ACROSS SOME OF THESE ROADS SO THAT THERE'S CROSSWALKS TO HELP WITH THAT ENGAGEMENT ACROSS THOSE ROADS.

UM, THIS IS THE, THE, THE, THE COURTYARD FACING TOWARDS THE SOUTH.

THIS IS THE DARK, THE SILVER LINE RIGHT HERE.

WE'VE DONE SOME ARTICULATION OF THE PARKING GARAGE TO HELP ENHANCE IT, BUT THE BIGGEST THING IS TO HAVE THE, THE, THE, UM, POOL COURTYARD ON THE SIXTH LEVEL.

UM, THIS IS THE FESTIVAL WAY, THIS IS THE, THE PEDESTRIAN EXPERIENCE.

THIS WILL BE LOOKING WEST AS YOU TURN OFF OF QUORUM.

AGAIN, PARALLEL SPACES, ENHANCED PAVING TO GIVE THE CUES FOR, UH, FOR PEOPLE TO WALK, UH, NORTH AND SOUTH ACROSS TO THE PARK.

ALSO, YOU CAN SEE HERE WHERE THAT TABLETOP IS AS YOU KIND OF RAMP UP TO MAKE SURE THAT THAT'S A CUE FOR TRAFFIC, CALMING OR SLOWING DOWN.

SO, UM, THIS IS THE, UH, LOT ONE BLOCK B.

SO THIS IS THE BLOCK THAT'S ACROSS QUORUM, WHERE SPECTRUM IS CURRENTLY.

UM, THIS ONE HAS HAD THE, THE MOST TRANSITION SINCE OUR RFP.

UM, EARLIER ON WE DIDN'T HAVE INSIGHT ON HOW TO GET ACROSS THE, THE ANGLE OF APPROACH FOR THE DART CROSSING, UH, A LONG SPECTRUM AS WE WORK WITH THE CITY IN DART.

UM, WE HAD TO FLATTEN THE ANGLE OUT AND HAVE A, UH, A MORE PRONOUNCED CURVE.

UM, BUT, BUT WITH THE PARTNERSHIP AND THE WORKING WITH CITY STAFF, WE WERE ABLE TO LOWER THE SPEED LIMIT AND KEEP THIS RADIUS A LITTLE BIT SMALLER AND MAKE IT A GENTLE CURVE TO, TO APPROACH AND GO ACROSS.

UM, THE OTHER GOOD FACT IS THAT ADDISON CIRCLE IS GONNA GET A FOUR FOUR ACRE PARK THAT'LL BE DEDICATED AFTER CERTIFICATE OF OC OCCUPANCY OF THIS PHASE.

UM, SO THIS ONE IS, UH, HAS GONE FROM 450 TO 410 UNITS.

WE ALSO HAD AN ISSUE ALONG THE NORTHERN SIDE WHERE THERE'S AN ENCORE OVERNIGHT POWER LINES, UM, THAT REQUIRED ADDITIONAL SETBACKS.

WE LOST ABOUT FIVE, UH, 15 FEET ALONG THAT WHOLE ACCESS.

SO THAT PULLED THAT BACK.

ALSO, WE HAD LESS ACREAGE FOR US TO DEVELOP HERE, BUT I DO THINK IT'S A, IT'S A, IT'S A WELL DESIGNED CONCEPT WITH, UH, THE, THE, THE GROUND FLOOR RETAIL ALONG QUORUM AND OUR AMENITY SPACES AT ALONG SPECTRUM DRIVE.

AND WITH CITY STAFF, WE'VE ALSO GOTTEN DIRECTION ON HOW TO REORIENT THE, THE, THE IN AND OUT OF OUR GARAGE TO HELP WITH TRAFFIC FLOWS.

AND THIS JUST SHOWS THE, UM, UH, THE OVERALL DESIGN.

ONE ITEM THAT WE DID IS, AGAIN, JUST LIKE THE, UH, THE TOWER, YOU DON'T SEE ANY OF THE PARKING GARAGE AS YOU SEE IN A LOT OF MULTI-FAMILY PROJECTS.

WE'VE LINED IT ON ALL THREE SIDES.

THE ONLY SIDE THAT HAS THE

[01:20:01]

PARKING GARAGE IS ALONG THE RAIL LINE.

UM, ALSO, WE WERE ABLE TO SINGLE LOAD THE NORTHERN SIDE OF THE GARAGE.

SO NONE OF OUR UNITS WILL FACE OVER, UH, THE RAIL LINE.

AGAIN, TRYING TO LIMIT IMPACT OF RAIL NOISE, EVEN THOUGH THE, THE SILVER LINE IS A, A LOWER NOISE, UH, RAIL TYPE SYSTEM.

UM, WE STILL WANTED TO MAKE SURE THAT OUR UNITS ARE GONNA BE FACING IN THE COURTYARD, AND THEN WE HAVE A CORRIDOR ON THAT PERIMETER TO TO, TO HELP.

SO THAT'S WHAT WE'VE WORKED ON OVER THE LAST SIX MONTHS.

WE'VE REALLY TRIED TO DIAL IN THE DESIGN AS MUCH AS POSSIBLE TO MAKE IT, UM, AS EFFICIENT, NOT ONLY COST WISE, BUT UH, BUT BUT EFFICIENCY OF, UH, THE NUMBER OF UNITS TO MAKE IT, MAKE IT WORK.

AGAIN, THIS IS SOMETHING THAT, THAT, LIKE BRAD MENTIONED, WE'RE VERY PROUD OF.

THIS, HAS THE SIMILAR MASON READING REQUIREMENTS THAT WE'VE HAD.

UM, WE'RE SHOWING, UH, KIND OF A, A DECORATIVE, ALMOST A CAST STONE HERE WITH THE BRICKS THAT, THAT, THAT PAY HOMAGE TO ADDISON'S CIRCLE.

UM, AND THEN HERE IS A, A TWO HEIGHT, UH, SPACE FOR RETAIL ALONG THE, UH, QUORUM, QUORUM DRIVE.

UM, THIS IS THE, UH, THE SPECTRUM CURVE.

THIS WOULD BE THE ADDISON CIRCLE FOUR ACRE POCKET PARK.

AGAIN, WELL LANDSCAPED, UH, ENHANCED PAVING CORRECT SIDEWALKS.

THAT WAS PART OF THE, UH, THE MASTER STREET SCAPE PLANNING WAS GETTING THE APPROPRIATE SETBACKS, APPROPRIATE SIDEWALK WIDTH, AND IF WE DO PARKING NUMBER OF LANES.

ALL OF THOSE WERE PART OF THAT STUDY THAT WE PERFORMED SINCE WE, UH, ALIGN ON THE M MOU AND WERE SELECTED AS THE DEVELOPER.

AND THIS JUST SHOWS THE VISION.

UM, THIS IS LOOKING BACK NORTH TOWARDS THE, UH, OVER THE RETAIL ENTERTAINMENT DISTRICT TOWARDS ADDISON CIRCLE PARK, UM, UH, JUST ABOVE THE, THE DART SILVER LINE.

AGAIN, THIS IS SOMETHING THAT WE CAN BE VERY PROUD OF.

WE, WE LOOK FORWARD TO FURTHER DEVELOPING THIS AND, AND, AND GETTING THE ENTITLEMENTS AND, UH, MOVING THIS FORWARD.

AND THAT'S WHAT WE HAVE TODAY.

UM, THE ONLY THING THAT I WANTED TO FINISH UP ON IS THAT, UM, THE GOAL FOR THAT, FOR THIS PROJECT WAS TO, UM, AGAIN, CREATE A MAJOR DESTINATION ALONG THE SILVER LINE, ENHANCE THE REPUTATION OF ADDISON AND STRENGTHEN THE TAX BASE.

I THINK WE'VE DONE THAT WITH THE ORIGINAL RFP, BUT WE WANNA ALSO WANNA MAKE SURE THAT WITH THIS PHASE ONE DEVELOPMENT, WE, WE MAINTAIN THAT PROMISE.

AND THAT'S WHAT WE WANTED TO SHOW HERE TODAY.

THANK YOU FOR YOUR TIME AND YOUR CONSIDERATION.

THANKS, JEFF.

QUESTIONS FOR, UH, STREAM, OR I'LL TAKE JOE, JUST CUZ YOU'RE THERE REAL QUICK.

SO THE RETAIL COMPONENT, ARE YOU MENTALLY PICTURING SOMETHING LIKE A TRINITY GROVES, A FOOD HALL AND LEGACY, OR MORE PERMANENT LONG TERM RETAIL TENANTS? OR ARE YOU NOT THERE YET? I, I'D SAY WE'RE NOT THERE YET.

WE WOULD WANT IT TO BE LONGER TERM.

UM, AND WE'RE EXTREMES ENGAGING SOME FOLKS AND WE'RE ENGAGING SOME, UH, RETAILERS TO MOVE THAT FORWARD.

SO, UM, MORE TO FOLLOW, BUT TO YOUR POINT, WE WANT IT MORE PERMANENT AND THAT IT COULD HELP ACTIVATE NOT ONLY IN THAT AREA, BUT ACROSS THE PARK.

AND THEN FRED, WE WOULD LOVE, YEAH, WELL JUST TO ADD TO THAT, WE WOULD LOVE TO HAVE AT LEAST ONE KIND OF MARQUEE RESTAURANT OR SOMETHING THAT KIND OF IS THE ANCHOR TO THE WHOLE DEVELOPMENT THAT MAY RUN, YOU KNOW, KIND OF EITHER LIQUOR LICENSE FOR, YOU KNOW, THAT, THAT ALL OF THE RESTAURANTS OR SOMETHING LIKE THAT.

AND THEN HAVE VARIATIONS AND OFFERING DIFFERENT PRICE POINTS AND DIFFERENT TYPES OF CUISINE.

SO MY QUESTION IS FOR YOU, CAN YOU EXPAND A LITTLE MORE ON HOW YOUR FUND IS SET UP? YEAH, WE'RE PRETTY, AT LEAST I AM HANDLING KIND OF ALREADY PUT 'EM THROUGH THE RINGER FOR THIS ONE.

SO, UM, YOU KNOW, HEADLINE RISKS THESE DAYS IS, YOU KNOW, BLACKSTONE REDEMPTION.

ARE YOU THAT KIND OF A STRUCTURE OR WILL YOU TALK A LITTLE BIT ABOUT WHAT THE RISKS OUT THERE ARE FOR YOUR FUNDING AND, UH, DEBT? YES.

WHAT, WHAT KIND OF DEBT YOU PUT ON THE PROJECTS.

UH, SO, SO FIRST ON THE FUND.

SO YES, WE HAVE A FULLY DISCRETIONARY IN-HOUSE FUND.

SO WE ARE NOW ON OUR FOURTH FUND FUND DELTA, UH, CLEVER NAME.

AND SO WE ACTUALLY, WE HAVE RAISED THAT MONEY FROM, IT'S PRIMARILY IVY LEAGUE ENDOWMENTS.

UH, SO THAT'S PRIMARILY THE FUNDING.

IT'S OVER 600 MILLION OF EQUITY, UH, WITHIN THAT FUND.

AND SO WE HAVE PLACED, UH, UPWARDS OF A BILLION DOLLARS IN EQUITY, UH, THROUGH OUR FUND SERIES.

BUT IT IS FULLY DISCRETIONARY MONEY THAT COULD BE, UH, PLACED IN DEVELOPMENTS.

SO REAL QUICK BACK, YOU DO 50 TO 60% LEVERAGE ON YOUR ROUGHLY, YEAH.

I MEAN IT VARIES BY DEVELOPMENT, BUT YES.

I MEAN, TYPICAL LEVERAGE YEAH.

IS WHAT IT TYPICALLY TARGETS.

UM, FROM A DEBT PERSPECTIVE, THAT'S CERTAINLY A CHALLENGING ENVIRONMENT IN TODAY'S MARKET.

UH, THERE'S, ESPECIALLY ON THE OFFICE FRONT, REALLY ANY FRONT BUT OFFICE, UH, HAS A LITTLE BIT MORE HEADWINDS THAN MAYBE AN INDUSTRIAL MULTI-FAMILY OR SOMETHING LIKE THAT.

BUT FROM AN OFFICE PERSPECTIVE, THE DEBT MARKETS AREN'T THERE

[01:25:01]

TODAY.

UH, YOU KNOW, AS I STAND HERE TODAY, THEY'RE, THEY'RE JUST NOT REALLY THERE AT AN ATTRACTIVE RATE OR JUST THERE IN GENERAL, UH, SO TO SPEAK.

SO WE'RE VERY CONFIDENT IN WHAT WE ARE BRINGING, UH, TO MARKET IN TERMS OF THE, THE QUALITY OF THE DEVELOPMENT.

WE'RE VERY CONFIDENT ABOUT OUR TIMING CUZ WE'RE NOT BRINGING IT OUT NOW.

WE DON'T NEED DEBT NOW.

UH, WE DO THINK THAT THE DEBT MARKETS WILL EVOLVE AND, AND BECOME A LOT BETTER LATER THIS YEAR.

UH, THERE'S A WHOLE LOT OF BANKS, UH, WHO HAVE A BUNCH OF MONEY THEY HAD TO PUT TO WORK.

WE GOT PAST THE YEAR END.

RIGHT NOW THERE'S JUST STILL SO MUCH UNCERTAINTY IN TERMS OF WHAT THE FED'S GONNA DO.

ARE THEY GONNA CONTINUE HIKING? ARE THEY GONNA PAUSE? UH, THEY'RE FED HIKES.

AND AS THAT STARTS TO CALM DOWN, UH, DEBT, IT IS OUR BELIEF THAT DEBT WILL COME BACK INTO THE MARKET, UH, AND FAIRLY STRONGLY.

BUT YOU'RE STILL GONNA DO CONSTRUCTION LOANS, CORRECT? OR ARE YOU GONNA FUND COMPLETE CONSTRUCTION? WE WILL NEED A CONSTRUCTION LOAN.

WE WILL, YES.

SO, SO LATER THIS YEAR.

AND, AND THE, THE OTHER THING I'LL ADD IN SPEAKING WITH, UH, CAPITAL MARKETS GROUPS, UH, WHICH IS JLL, UH, THEY, THE GOOD NEWS ABOUT THIS PROJECT IS THAT WE DO HAVE PUBLIC BACKING, SO THAT'S EXTREMELY HELPFUL.

IT'S NOT THE MAGIC BULLET.

IT DOESN'T MAKE, YOU KNOW, A LENDER LEND ON A PROJECT, BUT IF THEY HAVE TO CHOOSE BETWEEN TWO DEVELOPMENTS OR IF THEY'RE UNSURE IF THEY'RE GONNA MAKE A LOAN, WE HAVE SOMETHING THAT MOST OTHER DEVELOPMENTS DON'T HAVE, WHICH IS A MASTER LEASE ON THE BACKEND, WHICH REALLY HELPS A LENDER UNDERSTAND THAT, HEY, YOU KNOW, THEY DO HAVE SOME PERSON WHO'S GONNA FUND MY INTEREST CARRY AS THIS PROJECT DEVELOPS AND DOES DOES FOR OFFICE.

DOES THE T O D GET YOU BETTER RENTS LIKE IT DOES FOR MULTI IT? IT CAN, YES.

AND THERE'S TYPICALLY IN GENERAL, MORE MONEY AVAILABLE FOR T OD PROJECTS TOO, IN I'M TALKING ABOUT GENERAL CAPITAL STRUCTURES.

YES.

T OD DEVELOPMENTS ARE CERTAINLY, YOU KNOW, PE PEOPLE LIKE TO PUT THEM ON BROCHURES, THEY CAN RAISE CAPITAL EASIER.

IT, IT TAKES A LOT OF BOXES THAT A LOT OF CAPITAL HAS AS WELL.

UH, AND THEN TO GO ALONG WITH THAT TOO, JUST, I KNOW WE TALKED ABOUT IT EARLIER, SUSTAINABILITY, UH, OBVIOUSLY WE'RE COMMITTED TO SUSTAINABILITY OF WHAT AS WELL IN THE MOU.

WE'VE COMMITTED TO LEAD CERTIFIED STANDARDS FOR THIS OFFICE BUILDING.

UH, OUR, OUR MONEY THAT WE USE IN DEVELOPMENT IS CONCERNED ABOUT SUSTAINABILITY OR IS FOCUSED ON IT.

SO IT IS SOMETHING THAT, YOU KNOW, WE BRING, UH, AS A DEVELOPMENT WE ALWAYS WANT TO ACHIEVE AS HIGH OF THE STANDARD AS WE CAN.

UH, OBVIOUSLY MONEY IS AN ISSUE WITH THAT.

THE HIGHER YOU CAN'T GO TO GO ALL THE WAY TO PLATINUM IS A SIGNIFICANT PREMIUM.

SO THERE IS, UH, SOME, YOU KNOW, THRESHOLD THAT YOU CAN HIT THOUGH TO ACHIEVE SUSTAINABLE COMPONENT.

THE FINANCE IS ALL GREAT, BUT I THINK WE NEED TO BRING THE CONVERSATION BACK A LITTLE BIT TO THE SPECIFICS OF THIS PROJECT A LITTLE BIT.

UM, SO I'M JUST KIND OF CURIOUS, HAVE YOU GUYS TEAMED UP LIKE THIS BEFORE TO DONE A PROJECT LIKE THIS AS CO-DEVELOPERS? YEAH, NOT AS CO-DEVELOPERS, YES, SIR.

SO HOW'S IT WORKING SO FAR? GREAT.

GREAT.

YEAH, SO FAR SO GOOD.

UH, YEAH, NO, I THINK PART OF THE DEAL WAS, UH, WHAT HAPPENED ALSO THAT HELPED US IS WE USED THE SAME CONSULTANTS, UH, O'BRIEN LAND DESIGN AND, UH, BOWMAN TO HELP WITH, UH, YOU KNOW, THE, THE MAKING OF THE SAUSAGE, IF YOU WOULD.

UM, AND GETTING THE MASTER PLAN AND HAVING A COMMON, UM, WE'VE WORKED TOGETHER KIND OF A SIDEBAR, UH, YOU KNOW, AND THAT'S HELPED US AS WELL.

AND, UH, IT'S, IT'S WORKED OUT REALLY WELL THAT SO FAR THAT, UH, WE HAVE A COMMON INTEREST FOR DEVELOPING HERE IN ADDISON.

THEY HAVE A HUGE PORTFOLIO HERE.

WE HAVE AN EVER-GROWING PORTFOLIO HERE.

WE'RE BOTH LOCAL AND IT JUST BEHOOVES US TO MAKE THIS SUCCESSFUL.

JOE, YOU'VE GOT TWO MAJOR PROJECTS GOING ON HERE, GETTING READY TO START HERE IN ADDISON.

THIS ONE.

YES SIR.

AND, AND THIS ONE, HOW ARE YOU GOING TO ENSURE YOU HAVE THE RESOURCES IN TERMS OF PEOPLE, UH, SUBCONTRACTORS IN ORDER TO WORK BOTH OF 'EM ALMOST SIMULTANEOUSLY? WELL, THE GOOD NEWS IS WE, WE SELF-PERFORM IN MOST INSTANCES AND MOST INSTANCES WE HAVE TWO DIF TWO, UM, CONSTRUCTION TEAMS ON EACH, UH, IN EACH MARKET.

AND SO THE CONSTRUCTION TEAM THAT'S DOING THE, UH, ADDISON TREEHOUSE, ALEY, ADDISON TREEHOUSE WILL BE DIFFERENT THAN THE ONE THAT'S DOING THE PODIUM.

AND THEN THE TOWER, WE TYPICALLY DON'T BUILD TOWERS OURSELVES.

WE'LL, THIRD PARTY GC THAT JUST BECAUSE THERE'S A LITTLE BIT OF A, A, A BIGGER POLL ON THAT AND THE SUBCONTRACTORS ARE, UM, A LITTLE BIT HARDER TO WORK WITH.

SO WE WOULD TYPICALLY, WE'RE DISCUSSING THAT INTERNALLY, BUT THAT'S OUR THOUGHT RIGHT NOW THAT WE CAN EASILY MANAGE THE TWO.

AND THE THIRD ONE WILL, WILL WORK TOWARDS FIGURING THAT OUT.

BUT WE HAVE ENGAGED SEVERAL GCS, UM, SUCH AS WALSH THAT DID THE, UH, OR ARCHER WESTERN THAT DID THE FOUNTAIN PLACE FOR US AND A COUPLE OTHER GCS TO INFORM US ON PRICING AND MAKING SURE THAT, UM, UH, THEY CAN, THEY CAN EXECUTE THE PROJECTS.

ARCHITECTS ON BOTH AS WELL.

AND THEN WE ALSO HAVE DIFFERENT, UH,

[01:30:01]

SO WE HAVE AN ARCHITECT ON THE, THE TREE HOUSE AS WELL AS THE ONE HERE AT, UH, AT UH, COTTON BELT.

YOU A QUESTION ADVOCATE, AND I DON'T WANNA REMIND YOU, YOU HAVE FOUR MORE CHANCES AT THE APPLE WITH THE APPLICANT.

SO I HAD, THERE'S A SHOCK CLOCK.

DID I UNDERSTAND YOU CORRECTLY THAT THE ENTERTAINMENT NODE, THE SHORT THING IN THE MIDDLE, THAT'S YES MA'AM.

THAT'S THE ONE THAT YOU'RE NOT SURE ABOUT OR WELL, THAT'S WHAT'S, WE'RE LEAVING IT OPEN FOR FURTHER DEVELOPMENT SO THAT WE CAN WORK WITH AN OPERATOR THAT COULD INFORM US ON THE BEST USE OF THOSE SPACES.

SO WE CAN DESIGN IT MORE CUSTOMIZED.

UM, WE, AND IT'LL STILL STAY THE, THE HEIGHT AND THE CORRECT, WE HAVE A CERTAIN AMOUNT AS A PART OF THE, THE ENTITLEMENTS THAT, THAT WE'VE WORKED THROUGH.

IT'S ONE STORY WITH A CERTAIN AMOUNT OF SQUARE FOOTAGE THAT'S ASSOCIATED WITH THAT.

SO, UM, ON THE STAFF RECOMMENDATIONS IS, ARE, AM I READING THESE RIGHT, THAT THEY DON'T GET THE OCCUPANCY UNTIL THEY DO SOMETHING WITH THIS LAND? SO PART OF THE, THE NEXT STEP IN THE AGREEMENT PROCESS OF A CRITICAL COMPONENT OF THIS WHOLE PROCESS IS THAT IT'S MIXED USE DEVELOPMENT OFFICE, RESIDENTIAL, RETAIL ENTERTAINMENT.

SO THERE ARE CONDITIONS IN THE MOU THAT IDENTIFY TIMELINES, UH, FOR WHEN THE RETAIL COMPONENT IS TO START BECAUSE IT'S MUCH LESS COMPLEX.

IT CAN START LATER IN THE PROJECT AND YOU REALLY WOULDN'T WANT IT TO ANYWAYS CUZ YOU DON'T WANT IT STARTING WHEN THERE'S A BUNCH OF CONSTRUCTION SURROUNDING IT.

UM, SO THEY HAVE, AND AND WE ARE ENCOURAGING THEM TO PARTNER WITH, UH, THE, AND, AND INTERVIEW THE BEST FOLKS IN THE BUSINESS TO DO THAT, UH, TO DEVELOP THAT PARTNERSHIP.

AND THEN THEY'RE ULTIMATELY GONNA COME BACK TO YOU, UH, WITH DEVELOPMENT PLANS.

SO THIS IS JUST CONCEPTUAL WHEN THEY HAVE THEIR FIRMED UP, UH, DEVELOPMENT, UH, FOR THE RETAIL, THEY'RE GONNA COME BACK FOR DEVELOPMENT PLANS AND, AND THEN ULTIMATELY EXECUTE THAT.

THERE WILL BE LANGUAGE IN THE FINAL AGREEMENTS THAT ONCE AGAIN STIPULATES WHEN THEY HAVE TO INITIATE THAT, THAT CONSTRUCTION AND THERE WILL BE PENALTIES IF THEY DON'T PERFORM TO THAT SCHEDULE.

SO THIS APPRECIATE JOHN.

I DO.

OF THE GARAGE, MAYBE 75% OF THE GARAGE.

SO FIRST OF ALL, I WANT TO SAY THANK YOU TO AND STREAM FOR YOUR CONTINUED INTEREST IN OUR TOWN.

IT SOUNDS LIKE YOU GUYS CAME TO THE TABLE AND YOU HAD YOUR IDEAS, THE TOWN HAD THEIR IDEAS, AND TOGETHER I THINK WE'VE COVERED SOMETHING THAT REALLY DOES WORK FOR EVERYONE, YOU GUYS, THE TOWN AND, AND ALL OF OUR STAKEHOLDERS.

UM, YOU KNOW, I, AND ONE OF YOU SAID IT THAT I I REALLY DO THINK IT COMPLETES THE VISION OF ADDISON'S CIRCLE, SOMETHING THAT, YOU KNOW, CAME ABOUT A DECADES AGO.

SO I APPRECIATE ALL OF THAT.

UM, I, I DO HAVE A SPECIFIC QUESTION ON PARKING.

UM, I KNOW WE TALKED ABOUT IT BRIEFLY ALREADY, BUT ONE OF MY CONCERNS IS JUST CUTTING OFF THE PART FROM THE REST OF THE TOWN, CUTTING IT OFF FROM THE FOLKS THAT DON'T LIVE IN ADDISON CIRCLE.

AND, AND WHAT I, WHAT I MEAN BY THAT IS, YOU KNOW, I I DROVE IT AND WALKED IT THE OTHER DAY AND, YOU KNOW, SOMEONE PULLED UP, GRABBED THEIR DOG, TOOK 'EM ON A QUICK WALK, THREW THE DOG BACK IN THE CAR, AND THEN DROVE OFF.

WHAT, WHAT'S YOUR VISION FOR THE PARKING? I MEAN, I, I UNDERSTAND THERE'S 600 SPOTS AND I UNDERSTAND IT'S GONNA BE EVENTUALLY OVER PARKED, BUT HOW DO YOU SEE SOME OF THOSE SPOTS BEING USED? UM, IS IT, IS IT JUST GONNA BE ONE BIG COMPETITION EVERY DAY BETWEEN OFFICE AND RETAIL USERS? WILL THERE BE DESIGNATED SPOTS FOR MAYBE SOMEONE WHO JUST WANTS TO PARK THERE FOR 30 MINUTES AND WALK THEIR DOG? UM, HOW, HOW IS ALA ALL GONNA WORK? YEAH, NO, GREAT QUESTION.

SO THE PARKING GARAGE, AS YOU'VE MENTIONED, IT IS DESIGNED TO BE OVER PARKED, RIGHT? SO WE DO HAVE WAY MORE PARKING SPACES THAN WE WOULD EVER BUILD JUST FOR THE OFFICE BUILDING.

AND WE DO HAVE MORE PARKING SPACES THAN YOU WOULD NEED FOR, FOR THE, THE RETAIL COMPONENT AS WELL.

THERE IS TIME OF DAY KIND OF PARKING ANALYSIS THERE TO WHERE, YOU KNOW, THEY BOTH AREN'T AT PEAK USAGE AT THE EXACT SAME TIME.

TYPICALLY, UH, THE PARKING STUDY, FORGET THE EXACT NUMBER.

WE HAVE A HUNDRED AND SOME ODD, UH, LOW HUNDREDS, UH, PARKING SPACES IN EXCESS WHEN YOU LOOK AT IT ON A UTILIZATION RATE.

TO ANSWER YOUR QUESTION SPECIFICALLY ABOUT, YOU KNOW, HOW DO WE ALLOCATE PARKING, UH, AS PART OF THE MOU, WE DO HAVE IN PLACE THAT THE TOWN IS ABLE TO USE THE PARKING ON NIGHTS AND WEEKENDS FOR PEOPLE WHO ARE DOING JUST THAT, EITHER GOING TO THE PARK AND TAKING THEIR DOGS FOR A WALK.

UH, THAT LEASE HAS NOT BEEN WRITTEN YET.

WE'RE WORKING THROUGH THAT.

BUT THAT'S A COMMITMENT THAT WE HAVE TO DELIVER TO THE TOWNS WHERE THE SPACES WILL BE AVAILABLE FOR PUBLIC USE, AGAIN, DURING, YOU KNOW, CALL IT 10:00 AM ON A TUESDAY KIND OF PEAK OFFICE, YOU KNOW, PARKING UTILIZATION.

THE OFFICE TENANTS WILL PROBABLY ONLY TAKE UP 70%

[01:35:01]

SO THERE IS STILL GONNA BE THAT EXCESS CAPACITY THAT'S AVAILABLE AT ALL TIMES FOR EITHER PEOPLE WHO ARE GOING TO THE RETAIL, UH, TO THE RETAIL ESTABLISHMENTS OR GOING TO THE PARK.

SO THAT'LL ALWAYS BE AN OPTION.

SO WOULD THAT BE DESIGNATED LIKE FIRST FLOOR PARKING FOR RETAIL OR, OR SOMEONE WHO WANTS TO JUST USE THE PARK? WE'RE STILL WORKING ON THE PLAN ON EXACTLY HOW THAT'LL BE DESIGNATED IN TERMS OF, YOU KNOW, WHERE THOSE SPACES ARE ALLOCATED.

BUT YES, WE, WE DO WANT TO DESIGNATE SOME SPACES THAT ARE RETAIL SPECIFIC THAT ARE EASIER FOR THE RETAIL PATRONS TO GET IN, IN AND OUT OF.

AND IT, IT BEHOOVES US TOO, JUST GIVEN AN OFFICE TENT, THE WORST THING FOR THEM IS SOMEBODY PULLING INTO THE PARKING GARAGE AND YOU'RE BEHIND THE PERSON WHO DOESN'T KNOW WHERE THEY'RE GOING.

SO, SO THAT'S SOMETHING THAT WE WANT TO, YOU KNOW, FIX AS WELL AND, AND NOT HAVE THAT ISSUE.

SO IT REALLY IS TRYING TO DO FROM WAYFINDING SIGNAGE TO POINT THEM TO THE RIGHT LOCATION AND GET THEM TO THE SPACES THAT'S AN EASY AND EASY OUT.

SO THE GARAGE WILL BE GATED THOUGH? THE GARAGE WILL BE GATED? CORRECT.

BUT TO CHRIS'S POINT, BRAD, YOU'VE GOT THE FOLKS THAT COME IN FROM MIDWAY MEADOWS, THEY JUST HAVE 30 MINUTES TO WALK THEIR DOG.

THEY DON'T WANNA HAVE TO FIGHT FOR COMPETITION CAUSE THEY DON'T KNOW WHERE THEY CAN PARK WITHIN THE PARKING GARAGE, RIGHT? THEY JUST WANNA PULL UP SOMEPLACE QUICK LIKE THEY CAN NOW ON FESTIVAL WAY.

ARE THERE GONNA BE DESIGNATED SPOTS A LONG FESTIVAL WAY, SHORT TERM, I WOULD SAY 30 MINUTE PARKING OR SOMETHING FOR THAT CASUAL DOG WALKER WHO WENT, WHO'S DOESN'T LIVE IN THIS AREA, JUST WANTS TO COME IN, NOT FIGHT GARAGES, GET OUT, WALK THE DOG, GET BACK IN AND LEAVE.

I MEAN, DO YOU, HAVE YOU GUYS WORKED THROUGH THAT? WE HAVEN'T WORKED THROUGH THAT SPECIFICALLY, BUT THERE WILL BE, WE HAVE ALL THE PARALLEL SPACES, A LONG FESTIVAL WAY, AND I'M SURE WE WILL DESIGNATE SOME OF THOSE AS SHORT TERM, MAYBE THAT FOR DELIVERIES OR, YOU KNOW, THE, THE UBER, EACH GUY WHO NEEDS SOMEWHERE TO PULL OFF.

WE OBVIOUSLY WANT TO ACCOMMODATE THAT.

UH, AND THEN IN ADDITION TO THAT, SOME OF THE PARKING SPACES WITHIN THE SURFACE PARKING, WHICH YOU, I GUESS YOU KIND OF CAN SEE IT IN THIS PARKING OR IN THIS PICTURE, BUT THERE IS SURFACE PARKING HERE AND ALONG THE BACKSIDE OF THAT GARAGE.

IT'S WHAT ADDISON'S CIRCLE IS.

AND SO SOME OF THAT IS GONNA BE YOUR BETTER KIND OF RETAIL PARKING, PARALLEL PARKING CITY OWNED OR THE DEVELOPMENT OF, SO FESTIVAL WAY WILL BE A PUBLIC STREET.

SO IT'S TOWN THAT'S GOTTA MAKE THAT DECISION NOT RIGHT.

SO I MEAN ULTIMATELY IT A MIXED USE ENVIRONMENT.

WE NEED TO ACCOMMODATE A VARIETY OF USERS, SOME OF WHICH WILL BE SERVICE ORIENTED LIKE BRAD MENTIONED, BUT WE ALSO NEED TO ACCOMMODATE THE FOLKS THAT ARE ARE THERE TO USE THE PARK.

UM, THERE'S A LOT OF EXCESS PARKING AROUND THE PARK AS WE DISCUSSED EARLIER TODAY.

UM, I'VE NEVER, OUTSIDE OF THE SPECIAL EVENTS, I'VE NEVER HAD A, AN EXPERIENCE WHERE PARTICULARLY DURING THE DAY, IF MORNING TIME PERIOD AFTERNOON WHERE YOU DON'T HAVE SPACE ON THE NORTH SIDE OF THE PARK.

SO I THINK TO THE YOUR POINT, IT'S IMPORTANT THAT WE NEED TO APPROPRIATELY MANAGE PARKING AS PART OF THIS DEVELOPMENT, BUT I DON'T THINK WE'RE GONNA RUN INTO A SCENARIO WHERE IT'S GONNA BE A COMPETITIVE ENVIRONMENT FOR THE DOG WALKERS IN THE MIDDLE OF THE DAY.

ANY OTHER QUESTIONS WE HAVE? UM, OKAY.

SO OBVIOUSLY THIS PROJECT WILL BE EXPECTED TO SERVE OUR COMMUNITY FOR YEARS.

UM, CAN YOU SPEAK TO PERHAPS SOME OF THE, UH, DESIGN STRUCTURE MATERIALS, ALL THAT YOU, UH, INTENTIONALLY INCLUDED TO ENSURE THAT QUALITY OF THIS PROJECT WILL, UM, ENDURE FOR YEARS AND YEARS? WELL, , SORRY, SPECIFICALLY FOR THE HIGHRISE, IT'S, PARDON? THE HIGHRISE IS TYPE ONE CONSTRUCTION.

SO IT'S CONCRETE, UH, ALL THE WAY UP ASIDE FROM A, A SMALL COMPONENT THAT WOULD LINE THE BUILDING.

UM, ALSO OUR MASONRY CONTENT, UH, SO IT'S, IT'S SIMILAR TO ADDISON CIRCLE.

UM, ADDISON CIRCLES, YOU KNOW, IT'S, IT'S, IT'S APPROACHING 25 YEARS OLD, UM, AND IT STILL LOOKS GREAT.

UH, YOU HAVE TO REFRESH THE INSIDE.

UM, BUT, BUT AS, AS LONG TERM OWNERS, WE MAKE SURE THAT WE BUILD IN A CERTAIN WAY THAT, THAT THAT STAND THE TEST OF TIME SIMILAR TO WHAT ADDISON CIRCLE'S DONE.

SO THE TYPE ONE CONSTRUCTION WILL STAND, UH, UH, FOR A LOT LONGER.

UM, ALSO WITH THE AMOUNT THAT WE'RE INVESTING IN THIS, UM, WE'RE APPROACHING ALMOST 300 MILLION OURSELF ON OUR, ON OUR COSTS.

UM, SO WE, WE, WE ARE INVESTING IN THAT.

AND THEN THE, UM, WITH THE WINDOWS AND WATERPROOFING AND ALL OF THOSE ITEMS THAT WE'RE DOING ARE QUALITY.

AND THEN THE, THE WESTERN SIDE OR THE, THE EASTERN PODIUM AGAIN IS, IS IS A TYPE THREE CONSTRUCTION, UH, WHICH IS, HAS A, A HIGHER, UM, FIRE RATING AS A REQUIREMENT.

IT HAS TO BE NON-COMBUSTIBLE.

THERE'S CERTAIN, UM, CERTAIN CONSTRUCTION DETAILING THAT YOU HAVE TO DO THERE THAT IS, UH, MORE THAN A, A TYPE FIVE CONSTRUCTION, WHICH IS A FOUR STORY WRAP, WHICH IS MORE ALONG THE LINES OF, OF WHAT YOU'D SEE.

IT'S,

[01:40:01]

AND SO EVEN THOUGH ADDISON'S CIRCLE IS A TYPE FIVE WOOD FRAME CONSTRUCTION WRAP, IT HAS STOOD THE TEST OF TIME.

AND AGAIN, IT'S THE EXTERIOR BUILDING MATERIALS AND PROPER CONSTRUCTION.

SO DOES THAT, DOES THAT ANSWER YOUR QUESTION? THANK YOU JULIE.

ONE MORE.

YEAH, YEAH, I FOR THE WHOLE THING.

WHAT ABOUT NOISE MITIGATION? CUZ THIS IS GONNA BE A PRETTY NOISY PLACE WITH THE TRAIN AND THE AIRPORT AND THEN, UH, THE, THE EVENTS AND STUFF, I KNOW THAT I'M SURE IT'S UP TO CODE, BUT LIKE, ARE YOU DOING ANYTHING EXTRA THAT, WELL, THE DESIGN HAS DONE THAT, HOW WE'VE DESIGNED THE BUILDING THAT OUR GARAGES ARE FACING THE RAIL LINE AND THAT WE'RE OUTSIDE OF THE NOISE CONTOUR, WELL, OUT OUTSIDE OF THE, THE REVISED NOISE CONTOUR.

AND THEY HAVE NO UNITS ASIDE FROM THE ONES THAT ARE FACING THE COURTYARD THAT'LL BE FACING THE RAIL LINE.

WE'LL DO MORE STUDIES AS THE RAIL LINE, UM, STARTS TO, TO BE ACTIVATED TO SEE IF WE NEED TO DO ANY STC RATINGS OR ANY SPECIAL RATINGS ON THE EXTERIOR WALL.

BUT THE KEY IS DESIGN.

IT'S ALL ABOUT AIR, DISTANCE BETWEEN NOISE.

AND SO WITH THE, THE SILVER LINE BEING A LOWER, UH, SOUND TRAIN AS WELL AS BE US BEING AJA, UH, FURTHER AWAY FROM THE NOISE CONTOUR OF THE AIRPORT AND WITH THE NEW PLANES THAT THEY, THAT THEY'RE USING, ALL OF THESE ARE WAYS TO MITIGATE THAT.

UH, AGAIN, IT'S THE DESIGN A AS WELL AS, UM, BEING IN THE, IN THE PROPER LOCATION FOR THE, FOR THE RESIDENTIAL.

YEAH, AND I'LL ADD TO IT ON THE OFFICE SIDE, OBVIOUSLY WE'RE CLOSER TO THE AIRPORT, SO THAT IS A SIGNIFICANT CONCERN OF OURS, RIGHT? JUST GIVEN THE NOISE TRANSFER.

AND IT HAS BEEN BROUGHT UP BY TENANTS THAT WE HAVE SPOKEN TO IN THE MARKET.

UH, EVEN THEM BEING ON SITE AND SAYING, HEY, YOU KNOW, HOW ARE YOU IN CONTROL FOR THIS NOISE? AS JOE ALLUDED TO, WE HAVE DESIGNED THIS PROJECT TO ACCOUNT FOR SOME OF THAT.

SO WE DID PUT THE PARKING GARAGE DIRECTLY ADJACENT TO THE AIRPORT TO HELP MITIGATE SOME OF THAT SOUND TRANSFER AND HOPEFULLY BLOCK A SUBSTANTIAL PORTION OF IT.

UH, ANOTHER THING THAT I BELIEVE STAFF IS STILL WORKING THROUGH IS, IS ACTUALLY LOOKING AT, IS THERE ANYTHING ELSE THAT CAN BE DONE ON THE AIRPORT SIDE THAT ACTUALLY BLOCKS SOME OF THAT SOUND TRANSFER THAT'S SOUTH OF THE FBO.

THERE'S KIND OF A, A GAP THERE THAT WHEN WE WERE THERE ON SITE ONE DAY, ACTUALLY THEY WERE DOING AN ENGINE TEST RIGHT THERE.

AND SO SOME OF THAT NOISE ACTUALLY WAS COMING OVER INTO OUR SITE.

AND SO HOW, HOW CAN WE, YOU KNOW, MITIGATE THAT FURTHER? AND SO THAT'S SOMETHING THAT STAFF'S LOOKING INTO AND THAT WE'RE OBVIOUSLY LOOKING INTO AS WELL FROM A, A DESIGN PERSPECTIVE IN TERMS OF WHICH GLASS IS SELECTED AND REALLY MAKING SURE THAT THAT ENVIRONMENT INSIDE THE OFFICE IS NOT REFLECTIVE EXACTLY OF WHAT'S GOING ON OUTSIDE.

WE HAVE THE HISTORIC CLAIMS OVER THERE.

THEY'RE NOT GONNA BE QUIET.

ANYTHING ELSE, ROB? AB ALL RIGHT, THANK YOU VERY MUCH.

UM, I'M NOT GONNA OPEN UP THE PUBLIC PORTION OF THE MEETING.

IN ADDITION TO THOSE, I'VE ALREADY FILLED OUT CARDS THAT I HAVE.

DOES ANYONE ELSE WISH TO SPEAK ON THIS OR THE NEXT COUPLE OTHER TOPICS WE HAVE? PLEASE FILL OUT A CARD AND GIVE IT TO LESLIE.

AND DO YOU KNOW OF ANYONE WHO'S ONLINE THAT WANTS TO COMMENT? KEN, DO WE HAVE ANYONE? NO.

FIRST UP WE'LL BE HOLLY METLER.

HOLLY, PLEASE LIKE TO TAKE THE PODIUM.

OH NO, I DON'T REALLY .

WELL WE DON'T MEAN PHYSICALLY, BUT YES, , I'VE, UM, MAY STATE YOUR NAME AND ADDRESS PLEASE, HOLLY.

I'M AT 48 19 BROADWAY AND I'VE HEARD A LOT OF TALK ABOUT A LOT OF OTHER ROADS THAT ARE ALL IN THAT AREA, BUT I HAVEN'T HEARD ANYTHING ABOUT BROADWAY TONIGHT.

SO I'M WONDERING WHAT IS HAPPENING TO BROADWAY STREET? HOW DOES IT CONNECT UP? ARE WE STILL GONNA HAVE OUR ALLEY AND BACK? WHAT, WHAT'S OUR FUTURE ON BROADWAY? KEN, DO YOU HAVE A PICTURE OF THAT? ABSOLUTELY.

SO WITH THE, UH, TRANSIT STATION AREA AND THE COTTON BELT TRAIL AND WITH THIS DEVELOPMENT, BROADWAY WILL NO LONGER CONNECT NORTH, BUT YOUR ALLEY IN BACK WILL BE RECONSTRUCTED BY THIS PROJECT AND YOU'LL CONTINUE TO MAINTAIN ACCESS AND YOU'LL HAVE A NEW STREET BEHIND YOU.

BUT THE, THE LOOP THAT GOES A ALONG THE EAST SIDE OF, UH, THAT STRETCH OF BUILDINGS, UH, THAT WILL NO LONGER CONNECT BECAUSE THE, THE TRAIL ON THE STATION AREA, UH, REALLY GETS IN THE WAY OF THAT AS WELL AS THE, THE RETAIL DEVELOPMENT, UH, THAT'S PROPOSED.

BUT, BUT THE ALLEY BEHIND IT WILL STILL BE THERE.

IT'LL GET RECONSTRUCTED, BUT YOU'LL HAVE TO COME FROM, FROM ADDISON ROAD TO GET TO IT.

SO YOU COULD GO, YOU KNOW, THE, THE SURFACE PARKING BETWEEN ADDISON ROAD AND THE WESTERNMOST BUILDING.

YOU COULD GO THROUGH THERE AND, AND GET TO THAT.

AND HOW ABOUT, UH, HAVE YOU ADDRESSED, LIKE THE LANDSCAPING ON BROADWAY, IS THAT GONNA BE EN ENHANCED IN ANY WAY? SO WHEN THE COTTON BELT TRAIL GETS CONSTRUCTED? UH, THAT WOULD PROBABLY BE THE BEST OPPORTUNITY TO DO THAT.

THAT'S SOMETHING THAT, UH, I THINK WE'LL NEED TO VISIT WITH

[01:45:01]

OUR PARKS DIRECTOR.

IF, IF WE COULD MAYBE DISCUSS THAT OFFLINE, IF THERE'S A PARTICULAR THING THAT YOU WOULD LIKE TO, LIKE US TO ADDRESS WITH THAT, UH, WE'D BE HAPPY TO VISIT WITH YOU.

I CAN CONNECT WITH YOU, UM, AFTER THE MEETING, IF, IF, IF THAT WOULD WORK FOR YOU.

WE'RE NOT GONNA LOSE ANY PARKING THERE.

I DON'T THINK SO.

I THINK IF THERE'S ANY PARKING IMPACT, IT WOULD BE ON THE FAR EASTERN EDGE, BUT NONE OF THE, UH, SURFACE PARKING, YOU CAN KINDA SEE IT RIGHT HERE.

THAT SHOULDN'T BE IMPACTED? NO, ON THE BACKSIDE.

THE BACKSIDE.

OH, THE BACKSIDE.

NO, NO.

CAUSE UH, SO THE ALLEY RIGHT NOW LOOKS LIKE IT'S, UH, PART OF THE OTHER PROPERTY? YES.

SO YOU STILL HAVE, IF YOU CAN SEE THE BUILDING LINES THERE, UHHUH, , DO YOU SEE THAT? UHHUH .

SO THERE'S THAT AREA BETWEEN THE BUILDING LINE AND THAT ALLEY.

SO THAT WILL ALL, THAT'S ALL ON YOUR PROPERTY.

THEY CAN'T TOUCH THAT.

THEY ARE GOING TO RECONSTRUCT THE ALLEY.

SO YOU HAVE, YOU MAINTAIN ACCESS.

YEAH, BECAUSE, UH, THEY, WHEN I TALKED ABOUT THE ZONING BACK THERE IN THE PAST, THEY ALWAYS TOLD ME THAT THE, THE RIGHT OF WAY WENT RIGHT THROUGH THE MIDDLE OF THAT ALLEY BECAUSE WE'VE ALWAYS DISCUSSING, DISCUSSING WHO WAS GONNA FIX IT AND THE COURSE, IT'S ALWAYS BEEN A TERRIBLE SHAME, RIGHT? THEY'RE GONNA, THEY'RE GONNA BUILD A, A BRAND NEW ACCESS DRIVE.

THE TOWN WILL MAINTAIN OWNERSHIP, SO THEY'RE NOT GOING TO OWN IT STUFF.

SO IT WILL HAVE ACCESS FOR THEIR PROJECT, BUT ALSO ACCESS FOR, FOR Y'ALL.

ALRIGHT, THANK YOU.

UH, NEXT I HAVE DAVID COLLINS.

DAVID, WOULD YOU'D LIKE TO GET UP AND YES, SIR.

METAPHORICALLY TAKE THE PODIUM NAME AND ADDRESS PLEASE.

DAVE COLLINS, 14 6 68 WAYSIDE COURT.

UH, GOOD EVENING.

I APPRECIATE EVERYBODY'S EFFORTS SO FAR.

THIS HAS BEEN A, OBVIOUSLY A WELL THOUGHT OUT PRESENTATION.

YOU'RE BEING, BEING ASKED TO PROVE A SIGNIFICANT REZONING TO OUR INFRASTRUCTURE.

UM, THIS PROJECT'S BEEN IN WORK FOR SEVERAL YEARS AND IT IS CLEARLY A TRANSFORMATIONAL PROJECT FOR ADDIS.

HOWEVER, THE REZONING PACKAGE YOU'RE BEING ASKED TO RE APPROVE CONTAINS A LARGE AMOUNT OF INFORMATION.

QUITE FRANKLY, JUST SITTING HERE TONIGHT, I WAS ALMOST OVERWHELMED BY THE AMOUNT OF INFORMATION COMING AT US AS THIS PROJECT IS SO TRANSFORMATIVE.

MY QUESTION IS, HAS THERE BEEN ADEQUATE TIME TO REVIEW AND VET ALL THE DETAILS, FOR EXAMPLE, THE STREET SCAPE AS PRESENTED.

IS IT GOING TO REALLY CREATE A SENSE OF PLACE? IS THERE GOING TO BE MINIMAL TRAFFIC IMPACT AS STATED? DOES THE DESIGN AND LAYOUT OF THE BUILDINGS DO JUSTICE TO A 470 MILLION PROJECT? AND IS THERE GOING TO BE ROBUST CONNECTIVITY TO ADDISON CIRCLE AND HOPEFULLY TO BELTLINE, AM I BEING A LITTLE CRITICAL, MAYBE, BUT A PROJECT, THIS SIGNIFICANT DESERTION EXTRA CAREFUL REVIEW, THIS PROJECT HAS ALREADY BEEN PUSHED BACK, I BELIEVE FROM WHEN IT WAS ORIGINALLY PROPOSED TO BE PRESENTED DUE TO THE COMPLEXITY AND MYRIAD NUMBER OF, OF MOVING PIECES.

GIVEN THE, GIVEN THE SIGNIFICANCE OF THIS PROJECT, HAS THERE BEEN ADEQUATE TIME TO THOROUGHLY STUDY THE PACKAGE PRIOR TO VOTING? A COUPLE OF OTHER POINTS.

DOES IT MAKE SENSE TO ALLOW THE NEW CITY MANAGER TIME TO GET FULLY UP TO SPEED ON THIS PROJECT AND GAIN AN UNDERSTANDING OF SOME OF THE HISTORICAL ISSUES SURROUNDING IT? FINALLY, AS YOU ALL KNOW, WELL, I'M SURE YOU'VE HEARD THERE'S BEEN A SIGNIFICANT AMOUNT OF RESIDENT, UH, ACTIVITY RELATIVE TO PEOPLE'S CONCERNS REGARDING REZONING, NON-RESIDENTIAL PARTIALS TO MULTI-FAMILY.

THIS HAS CAUSED THE COUNCIL TO SCHEDULE A PUBLIC MEETING ON THE 15TH OF FEBRUARY TO ADDRESS THE ISSUE OF HOUSING IN OUR COMMUNITY.

WHILE THAT IS BROADER IN CONTEXT THAN THIS, I BELIEVE THERE MAY BE INSIGHTS THAT COME OUT OF THAT THAT COULD BE GERMANE TO THIS DECISION BECAUSE OF THESE POINTS.

I RECOMMEND THAT THE ACTION, THAT ANY ACTION ON THIS PROPOSAL BE DEFERRED UNTIL AFTER THE FEBRUARY 15TH MEETING AND YOU'VE HAD A CHANCE TO HEAR FROM ALL THE RESIDENTS OF ADDISON.

UM, BUT HERE WE ARE, YOU KNOW, DISCUSSING, YOU KNOW, THIS TONIGHT BEFORE, UH, THAT MEETING.

GOOD, DAVE, APPRECIATE IT.

UH, NEXT IS, UH, MICHAEL O'NEAL.

MIKE, WOULD YOU LIKE TO TAKE THE PODIUM? PLEASE STATE YOUR NAME AND ADDRESS PLEASE.

MIKE O'NEILL.

50 21 MORRIS AVENUE OVER IN THE DISTRICT, A TOWN.

I WAS JUST LIKE, REALLY SHOULD JUST SAY WHAT HE SAID, .

UM, CAUSE UH, I FEEL IT WAS VERY APPROPRIATE.

UH, COMMENTS.

THIS PROJECT WAS FIRST INTRODUCED TO THE CITY IN THIS SPRING 22, UM, TOWN MEETING.

AND THOSE OF YOU THAT WERE THERE WILL REMEMBER THAT THERE WAS SOME NEGATIVE FEEDBACK, UH, ON THAT IN THE FALL 22 MEETING.

UM, WE WERE ASKED NOT TO MAKE COMMENTS ON ANY OF THE HOUSING ISSUES AT THAT PARTICULAR MEETING WITH THE GUARANTEE THAT, UM, ADDISON RESIDENTS WOULD HAVE A SPECIAL MEETING THAT WE COULD ADDRESS THIS AND, AND OTHER THINGS, UH, ACROSS THE TOWN.

SO AS DAVE SAID, THAT MEETING'S BEEN SET.

[01:50:01]

AND FURTHERMORE, THE CITY COUNCIL WILL BE, UM, DECIDING THIS BEFORE THAT MEETING.

THE CITY COUNCIL MEETING IS FEBRUARY 14TH, SO IT'S THE DAY BEFORE THE MEETING THAT WAS, UH, PROMISED TO US IN, IN THE FALL MEETING.

UM, SO SAY THAT'S AWKWARD IS A LITTLE BIT OF AN, AN UNDERSTATEMENT, I WOULD SAY.

AND I REALLY DO THINK THAT, UH, THAT NEEDS TO BE REVISITED.

UM, FOR THE, THIS PARTICULAR, UH, PROJECT, THE TREEHOUSE PROJECT, UM, AND, AND YOU MIGHT HAVE TO CORRECT ME IF I'M WRONG, BUT THE APPLICANTS, I THINK GAVE FOUR SEPARATE PRESENTATIONS, UH, IN AN OPEN PUBLIC FORUM.

UM, IT WAS EITHER BEFORE, UH, AND I DON'T REMEMBER KENNETH IF IT WAS BEFORE THE ZONING MEETING OR BEFORE THE, THE COUNCIL MEETING.

AND SO THAT WE DID HAVE THAT KIND OF INTERACTION.

AND SO NOW WE HAVE THIS, AGAIN, 470 MILLION, UH, PROJECT AND, UM, THAT HASN'T BEEN AFFORDED TO THE COMMUNITY.

AND, UH, I, I WOULDN'T, I THINK THAT WOULD BE A VERY POSITIVE THING TO DO.

AND THEN, UM, LASTLY I'LL JUST SAY, YOU KNOW, THE PARCEL WE'RE TALKING ABOUT, UH, IT'S BEEN VACANT FOR YEARS.

IT'S NOT DERELICT, IT'S NOT UNDER STRESS.

UM, THIS PROJECT THAT'S BEEN GOING ON FOR YEARS AND YEARS, WHAT DIFFERENCE WILL IT REALLY MAKE, UH, TO PUSH THIS BACK? UM, A COUPLE OF MONTHS OR THREE MONTHS? IN THE BIG SCHEME OF THINGS, WITH EVERYTHING THAT'S LINED UP, WE'VE SEEN THAT IT'S BEEN CANCELED BEFORE.

UM, MEETINGS LIKE THIS HAVE BEEN CANCELED BEFORE.

AND THEN ALSO, MR. CHAIRMAN, I JUST, I I LATCHED ONTO SOMETHING THAT, UH, WAS BROUGHT UP EARLY AND I WAS TRYING TO FIGURE OUT HOW TO CONVEY THAT.

BUT THE, THE ADDISON SPECIAL SURVEY, UM, NO MATTER HOW YOU EVALUATE IT WOULDN'T BE THE RESIDENTS HAVE FILLED OUT THAT SURVEY.

I, I WASN'T INVOLVED IN IT, UM, WOULD NOT HAVE BEEN IN FAVOR OF THAT PROJECT.

AND I THINK THAT THE WORDS ARE YOU, OR THAT THIS IS REALLY NON-CONFORMING.

IF YOU WERE TO LOOK AT THIS AT THE, THE BASE, IT'S A NON-CONFORMING, UH, PARTS OF IT ARE NOT NON-CONFORMING.

UH, PART OF THE PROJECT, THE MIXED USE IS, IS GREAT, BUT IT'S THE, UM, I JUST, I THINK WE NEED TO GET MORE INPUT FROM THE, THE RESIDENTS AND UH, UM, I REALLY WISH THIS WOULDN'T HAVE COME IN FRONT OF, UH, PLANNING AND ZONING CUZ YOU FOLKS HAVE A DIFFICULT DECISION.

I DON'T KNOW WHAT YOUR, YOUR OPTIONS ARE.

UH, IF YOU APPROVE IT AND JUST KICK IT UP TO CAMP COUNSEL OR IF YOU CAN DELAY IT, UH, I DON'T UNDERSTAND THAT PART OF THE PROCESS.

BUT, UH, ANYWAY, THANK YOU FOR YOUR TIME.

THANK YOU, MIKE.

NEXT WE HAVE, UH, DINO SADS, I TAKE PODIUM NAME AND ADDRESS, PLEASE.

YEAH, DINO SADS ADDRESS IS 15 4 0 4 ADDISON ROAD.

A COUPLE OF THE CONCERNS WAS ADDRESSED ON THE FIRST THINGS, BUT I WANTED TO ASK JUST ABOUT THE PARKING GARAGE AND WHAT'S THE HEIGHT GONNA BE.

WAS THERE ANY CON ANY CONSIDERATION THERE AS FAR AS THE, THE P WE HAD OWNED THE PROPERTY AND THE TENANTS BEING BLOCKED BY THE PARKING GARAGE? DO YOU KNOW, WE TEND NOT TO GET INTO QUESTION AND ANSWER DURING THE PUBLIC PORTION.

UH, IF YOU JUST CAN MAKE YOUR, YOU CAN PRESENT YOUR QUESTION.

I HAVE CONCERNS ABOUT THE PARKING GARAGE BLOCKING SOME OF THE VIEWS.

NO, WE'RE NOT GONNA HAVE IT BACK AND FORTH IF YOU, YOU'VE GOT THAT QUESTION NOW.

IF YOU, IF YOU HAVE MORE QUESTIONS, WE, YOU CAN STATE THOSE.

AND THEN WE WILL DECIDE WHAT TO DO WITH YOUR CONVERSATION.

GOTCHA.

AND I THINK JUST THE, THE, UH, WE TALKED ABOUT THE ALLEYWAYS, JUST, UM, THE NOISE, UM, CONCERNS ABOUT THE NOISE AS FAR AS WHAT WILL HAPPEN WHEN THEY'RE DOING ALL THE CONSTRUCTION TO THE, TO THE, UH, RETAIL AND THE CUSTOMERS THAT ARE CURRENTLY THERE.

SO SOMETHING I WOULD LIKE TO THINK ABOUT ALSO.

SO THOSE WERE I TWO I WANTED TO BRING UP AND THEY, THEY ADDRESSED THE OTHER CONCERNS I HAD.

AND THE LAST I'VE GOT IS, UH, JOE PEDROZA.

JOE, YOU TAKE PODIUM AND STATE YOUR NAME AND ADDRESS PLEASE.

OR STAFF? UM, IF SOMEONE WISHES, I MEAN, WE COULD ADDRESS REAL QUICK DINO'S QUESTION THAT HE HAD, WHICH WAS THE GARAGE, WHICH, OKAY, SO KEN, IF YOU WANNA TAKE THAT SO IT, IT'S MUCH SHORTER THAN THE OFFICE.

MY NAME IS JOE PEDROZA.

I'M A 15 7 87 SPECTRUM TOWNHOMES RIGHT HERE IN NO CIRCLE.

AND I OFFER 1:00 AM FOUR THIS DEVELOPMENT.

I APPRECIATE ALL OF YOU GUYS WHO PARTICIPATE IN THE AMOR CAME FROM DOING THIS CAUSE I'M LOOKING FORWARD TO IT.

OTHERWISE I'LL BE GONNA TO, UH, PLANO WEST, PLANO EAST.

I'LL BE GOING TO SK PROBABLY GOING TO SOUTH LAKE OR GOING UPTOWN AND, AND YOU SEE WHAT'S HAPPENING IN FRISCO.

WE NEED TO HAVE THIS HAPPEN NOW.

WE CAN'T KICK THIS DOWN ANYMORE.

SO I APPRECIATE YOU GUYS DOING THIS AND I'M LOOKING FORWARD TO BE A PART OF THIS AND, AND, AND ENJOYING THIS.

THE ONLY ONE THING I WANT YOU GUYS CONSIDER IS, IS, IS SECURITY DETERRENTS.

CAUSE I SAW THE CAMERAS THAT YOU GUYS HAD HERE IN THE PARK.

MAYBE HAVE THAT CONSIDERATION IN THERE TOO, BECAUSE YOU KNOW, OBVIOUSLY IT'S GONNA BE A LOT OF PEOPLE, IT'S GOT DRAGGING A LOT OF PEOPLE OFF THE, UH, JUST LOOKING FOR THINGS TO DO AND THINGS TO TAKE.

SO SOMETHING TO CONSIDER.

OKAY, THANK YOU JIM.

APPRECIATE IT.

IS THERE ANYONE ELSE WISH TO SPEAK? IF NOT, I'LL CLOSE PUBLIC PORTION.

THE COMMISSIONERS HAVE ANY OTHER QUESTIONS OF APPLICANT

[01:55:01]

YOU CAN SEE FROM THE IMAGE IT'S FIVE LEVELS.

I BELIEVE IT'S BRAD.

IS IT 57 FEET? I'M PULLING IT UP RIGHT NOW ACTUALLY.

IT, IT'S ROUGHLY THAT THE, THE, THE OFFICE TOWER IS 92 TO THE TOP, THE 97, THE, SO IT, IT LOOKS LIKE ABOUT A 40 FOOT SETBACK TO THE PROPERTY BOUNDARY AND PROBABLY ANOTHER 20 FEET TO THE BACK OF THE BUILDINGS ALONG BROADWAY.

UH, IT WILL PROBABLY OBSTRUCT YOUR, YOUR VIEW A BIT, UM, BUT CERTAINLY ANY, ANY DEVELOPMENT HAS THAT POTENTIAL, UM, WITH THE NOISE.

UM, I, I THINK WE'RE, WE'RE FORTUNATE IN THAT IT'S A LOCAL DEVELOPMENT TEAM.

UM, SO THEY, AND, AND WE ENCOURAGE IT WITH ANY PROJECT, BUT THEY ARE DEFINITELY GOING TO HAVE TO DO OUTREACH TO, UH, ESTABLISH, UM, RELATIONSHIPS WITH THE ADJACENT PROPERTY OWNER.

SO YOU HAVE THE ABILITY AS A PROPERTY OWNER TO SAY, HEY, AMWAY, HEY STREAM, YOU'RE MAKING TOO MUCH NOISE HERE.

I NEED YOU TO MITIGATE THIS.

IS, THERE'S SOMETHING WE CAN WORK THROUGH.

THEY'RE VERY, THEY'RE VERY, UH, CAPABLE OF DOING THAT.

AND THEY'RE VERY FRIENDLY TO ADJACENT PROPERTY OWNERS, BUT YOU'RE CORRECT, IT IS, IT IS A CONSTRUCTION SITE.

THERE WILL BE SOME NOISE.

THE TOWN DOES HAVE, UH, CONSTRUCTION WORK HOURS.

UH, THOSE ARE, THOSE ARE PRETTY, UH, PRONOUNCED, BUT DEFINITELY ESTABLISH RELATIONSHIPS WITH THE DEVELOPMENT TEAM SO THAT IF ANYTHING COMES UP THAT IMPACTS YOU, THEY CAN DO THEIR BEST TO MITIGATE IT.

APPRECIATE IT.

ABSOLUTELY.

AND KEN, IF YOU COULD JUST TAKE A SECOND AND KIND OF ADDRESS MIKE'S CONCERNS ABOUT THE TRANSPARENCY ON THIS WHOLE PROJECT WHEN IT WAS FIRST OFFERED.

YOU GO BACK TO VERY FIRST SLIDE OF YOUR PRESENTATION.

I THINK YOU HAD A SUMMARY WHERE, YOU KNOW, THIS THING, THERE WAS THE STUDY IN 2018, UM, AND THEN SUBSEQUENT HISTORY THERE.

UM, I MEAN, FROM MY PERSPECTIVE, THIS HAS BEEN OUT IN THE PUBLIC FORUM FOR FOUR OR FIVE YEARS, IF NOT EVEN LONGER.

UM, YOU WANT TO ADD ANY TO THAT? I MEAN, I WOULD AGREE, AGREE WITH THAT, BUT I, I CERTAINLY SEE MIKE'S POINT AS WELL.

IT'S A, IT'S A, A TIME WHERE WE'RE IN A CHALLENGING DIALOGUE.

UM, THAT'S ULTIMATELY A POLICY ISSUE.

UH, COUNCIL HAD A, HAD A PUBLIC HEARING ON DECEMBER 10TH WHERE THEY HAD A CHANCE TO ADDRESS AND GIVE STAFF DIRECTION ON THAT ISSUE.

THEY DID NOT, UM, AS STAFF WERE, WE EXECUTE POLICY THAT'S SET FOR US.

SO OUR MOU, WE'VE REACHED A POINT WITH THIS PROJECT WHERE IT SHOULD ADVANCE THROUGH THIS PROCESS.

UH, COUNCIL WILL HAVE AN OPPORTUNITY TO, TO ADDRESS THE CONCERNS RELATED TO PROCESS, UH, WHEN THIS GOES BEFORE THEM.

UM, BUT I TOTALLY UNDERSTAND HOW THEY FEEL ABOUT THE TIMING OF THE, AND WHERE IT RELATES TO THE OTHER BROADER POLICY DISCUSSIONS WE'RE HAVING.

IT, IT'S A, IT'S A CHALLENGING ISSUE.

BUT, UH, ITEM NUMBER FIVE, HOLD A PUBLIC HEARING TO PRESENT, DISCUSS AND CONSIDER ACTION ON RECOMMENDATION REGARDING AN ORDINANCE ADOPTING A DEVELOPMENT PLAN FOR LOTS ONE AND FIVE X BLOCK A OF ADDISON CIRCLE STATION.

ANY OTHER QUESTIONS OR STAFF FOLLOW UP WITH ALL OF THAT? CONSIDERED WHAT YOU HEARD FROM STAFF, APPLICANT AND OUR GUEST HERE TONIGHT? DOES ANYONE WISH TO MAKE A MOTION ON THIS CASE? AND THIS, WE, WE'VE TALKED A LOT ABOUT WHAT WE'RE HERE SUBSEQUENTLY HERE TONIGHT, BUT I, THIS IS SPECIFICALLY CASE 1860 DASH C.

WELL, I MAKE A MOTION, UH, TO APPROVE CASE 1860 Z, UH, SUBJECT TO THE CONDITIONS LISTED.

CARRIES ALL, UH, A LOT OF WHAT IS, AS I SAID, A LAW VOICE DISCUSSED ALREADY IS GONNA BE PERTINENT TO THE FOLLOWING ITEMS, SO HOPEFULLY THIS WILL GO QUICKLY.

[5. Hold a Public Hearing, Present, Discuss, and Consider Action on a Recommendation regarding an Ordinance Adopting a Development Plan for Lots 1 and 5X, Block A of Addison Circle Station – Phase I, Including a Site Plan, Landscape Plan, Facade and Floor Plans for an Office Building with Ground Floor Retail/Restaurant Uses, a Parking Structure, Site Access Drives, and Addison Road and Festival Way Streetscape Improvements on and adjacent to a 2.7 Acre Property at the Southeast Corner of Addison Road and Festival Way. Case 1872-Z/Office & Parking Structure, Lots 1 and 5X, Block A, Addison Circle Station – Phase I. ]

PHASE ONE, INCLUDING A SITE PLAN, LANDSCAPE PLAN, FACADE, AND FLOOR PLANS FOR AN OFFICE BUILDING WITH GROUND FLOOR RETAIL AND RESTAURANT USES A PARKING STRUCTURE SITE, ACCESS DRIVES, AND ADDISON ROAD AND FESTIVAL WAY STREETSCAPE IMPROVEMENTS ON AND ADJACENT TO A 2.7 ACRE PROPERTY AT THE SOUTHEAST CORNER OF ADDISON ROAD AND FESTIVAL WAY.

THIS IS CASE 1872 Z SLASH OFFICE AND PARKING STRUCTURE LOTS ONE AND FIVE X BLOCK, A ADDISON CIRCLE STATION, PHASE ONE.

LESLIE, ARE YOU UP? I AM, UH, LESLIE KNIGHT, PLANNING AND DEVELOPMENT MANAGER FOR THE TOWN.

UH, THIS SITE IS AT THE SOUTHEAST CORNER OF ADDISON ROAD AND FESTIVAL WAY.

UH, THE CONSIDERATION OF THIS ITEM IS TO APPROVE A DEVELOPMENT PLANS, WHICH INCLUDES A SITE PLAN, LANDSCAPE PLAN, FACADE, AND FLOOR PLANS,

[02:00:01]

UH, FOR THE CONSTRUCTION OF AN OFFICE BUILDING WITH GROUND FLOOR, EXCUSE ME, GROUND FLOOR, UH, RETAIL RESTAURANT SPACE, UM, A PARKING STRUCTURE AND VARIOUS, UH, SITE AND ACCESS IMPROVEMENTS AS WELL.

SO, AS YOU'VE RECENTLY SEEN AND HEARD, UH, THIS IS PROPOSED TO BE A FIVE LEVEL PARKING GARAGE, UH, ON THE WEST SIDE OF WHAT IS LOT ONE.

AND THEN AN A SIX STORY OFFICE BUILDING APPROXIMATELY 162, UH, THOUSAND SQUARE FEET OF OFFICE SPACE ON THE WEST SIDE OF THE SITE, UH, INTERSECTING THE TWO BUILDINGS.

YOU HAVE A NORTHWEST ACCESS DRIVE THAT GIVES YOU ACCESS FROM FESTIVAL WAY, UM, DOWN TO THE SOUTHERN BOUNDARY, WHICH IS LOT FIVE X UH, LOT FIVE X IS INTENDED TO BE RECONSTRUCTED, UH, AS A, UM, TOWN OWNED AND MAINTAINED STREET, UH, TO SERVE BOTH THE DEVELOPMENT, THE PROPOSED DEVELOPMENT TO THE NORTH AND THE EXISTING, UH, SITES TO THE SOUTH AS WELL.

UM, IN ADDITION TO THE DEVELOPMENT PLANS, UH, INCLUDE IMPROVEMENTS TO THE FESTIVAL WAY AND ADDISON ROAD STREET SCAPE.

UH, THIS INCLUDES SOME RECONFIGURATION AND, AND REMOVAL OF SOME ON STREET PARKING ON FESTIVAL WAY, AND REPLACING THAT WITH SOME, UM, PARALLEL, UH, BARKING SPACES, UM, AS WELL AS ENHANCED LANDSCAPING AND, UH, PAVEMENT MATERIALS.

UM, AS I UH MENTIONED, THERE IS THE ENHANCED LANDSCAPING, UH, AT THE, UM, STREETS.

ADDISON ROAD AND FESTIVAL WAY, UH, INCLUDE SHADE TREES, UH, 10 FOOT, UM, PEDESTRIAN PATHWAYS ON BOTH STREET, ALONG BOTH STREET FRONTAGES, UM, AND USING A VARIETY OF NEW TREE PLANTINGS AS WELL AS TRANSPLANTING OF, UM, TREES THAT ARE RELOCATED FROM OTHER AREAS OF THE SITE THAT WOULD'VE OTHERWISE NEEDED TO BE MITIGATED.

UM, IN ADDITION TO THAT, THERE ARE WILL BE, UM, BASE LANDSCAPING AROUND THE PERIMETER OF THE BUILDINGS.

SO THAT WILL INCLUDE A VARIETY OF GROUND COVER SHRUBS AND ORNAMENTAL TREES, UM, BOTH AROUND THE PARKING GARAGE AND THE, UM, OFFICE BUILDING.

AND THEN THE SPECIAL PAVEMENT TREATMENT WILL, UM, EXTEND THROUGHOUT THE, UH, STREET FRONTAGE ON, UM, FESTIVAL WAY TO THE NORTH, AND THEN IN AT VARIOUS OTHER, UM, STREET CROSSINGS AND, AND VISUAL CONNECTION POINTS THROUGHOUT THE SITE.

STREET FURNISHINGS SUCH AS BENCHES, UM, TRASH RECEPTACLES, BICYCLE PARKING, UH, STREET LIGHTING WILL BE PROVIDED THROUGHOUT THE SITE.

AND THOSE WILL, THOSE FINAL REFINEMENTS OF, UM, THOSE PEDESTRIAN AMENITIES WILL BE, UM, FURTHER REFINED WITH CIVIL REVIEW.

UH, I'LL ALSO POINT OUT THAT THE, UM, DUMPSTER ENCLOSURE, UH, IS PROPOSED AT THE, UM, SOUTHERNMOST EDGE OF THAT NORTHWEST ACCESS AND IS SET BACK AND TO, UM, A POINT WHERE IT'S NOT VISIBLE FROM ANY OF THE PUBLIC RIGHT OF WAYS OF ADDISON ROTOR FESTIVAL WAY.

AS YOU'VE UH, HEARD EARLIER THIS EVENING, THE FACADE MATERIALS PROPOSED IN BOTH THE, UM, OFFICE AND THE PARKING GARAGE, UH, ARE PRIMARILY, UH, MASONRY CONSTRUCTION, UH, WITH THE OFFICE USING A SUBSTANTIAL AMOUNT OF GLAZING AS WELL AS VARIOUS, UM, METAL ACCENTS IS PROPOSED TO BE, UH, SIX STORIES AND HEIGHT, APPROXIMATELY A HUNDRED SQUARE FEET.

AND THERE WILL BE VARIOUS, UM, FORMS OF ARCHITECTURAL RELIEF THROUGHOUT THE FACADE WITH THE INCLUSION OF BALCONIES, UM, CONNECTING THE, UM, SORRY, CONNECTING THE TWO, UM, BUILDINGS OF THE PARKING GARAGE.

AND THE OFFICE WILL BE A PEDESTRIAN CANOPY, UH, TO ALLOW CUPBOARD, UH, PEDESTRIAN WALKWAY, UM, FOR YOU ARE THE FLOOR PLANS.

UH, SO AS I MENTIONED, THERE WILL BE, UM, OVER 160,000 SQUARE FEET OF OFFICE, UM, PROVIDED IN THE OFFICE BUILDING.

AND, UH, APPROXIMATELY 3,800 SQUARE FEET OF, UH, RETAIL RESTAURANT SPACE, UM, IN, AT THE GROUND FLOOR.

THE PARKING SUPPLIED ON SITE, UH, IS, UH, 600 AND AROUND 660 SPACES.

THAT INCLUDES THE 623 SPACE PARKING GARAGE, AS WELL AS VARIOUS, UM, OFF STREETE PARKING, UM, AT GRADE BETWEEN THE TWO STRUCTURES.

UM, SO THAT BASED ON THE OFFICE RATIO REQUIREMENT, WHICH IS ONE PARKING SPACE FOR EVERY 300 SQUARE

[02:05:01]

FEET, UM, THAT WOULD THE PROPOSED BUILDING, EXCUSE ME, THE PROPOSED BUILDING AND THIS PROPOSED PARKING, UH, THAT WOULD, THE PARKING PROVIDED WOULD EXCEED IT BY 105 PARKING SPACES, UH, THAT, UM, PARKING GARAGES INTENDED TO BE USED, UH, FOR THE OFFICE, UM, AND RETAIL DURING THE WEEKDAYS.

AND THEN WE WILL BE OPEN FOR THE PUBLIC ON EVENINGS AND WEEKENDS.

AND, UM, ALL OF THE, THE FINAL, UM, PARKING SUPPLY AND OPERATION WILL BE DETERMINED AT A FUTURE DATE, UM, FOLLOWING THE, UM, UH, PARKING STUDY EXECUTION.

SOME OTHER ITEMS THAT WILL BE, UM, REVIEWED IN THE FUTURE WILL BE THE SUSTAINABILITY REQUIREMENTS THAT WILL INCLUDE LEAD CERTIFICATION AND, UM, ELECTRIC VEHICLE CHARGING STATIONS PROVIDED ONSITE, UM, AS WELL AS PUBLIC ART.

THERE ARE SEVERAL LOCATIONS THROUGHOUT THE DEVELOPMENT THAT, UM, PUBLIC ART IS IDENTIFIED, OR, UH, FUTURE LOCATION FOR PUBLIC ART.

UH, SO THAT WILL BE, UM, FURTHER DEVELOPED, UH, THROUGH NEGOTIATIONS WITH THE TOWN AND THE CO-DEVELOPERS.

UM, RIGHT BEFORE YOU ARE A FEW RENDERINGS THAT YOU HAVE SEEN PREVIOUSLY.

UM, JUST A COUPLE OF, UH, POINTS WE'LL HIT ON AGAIN.

UM, THE PARKING GARAGE STRATEGICALLY PLACED, UM, AT THE, UM, WESTERNMOST EDGE OF THE SITE FOR VARIOUS SITE DESIGN REASONS, BUT ALSO TO BE USED AS A, YOU KNOW, PARK ONCE AND GET OUT OF YOUR VEHICLE AND, AND NAVIGATE THROUGH THE PARK AND THE OTHER, UH, RETAIL SPACES THROUGHOUT THE DEVELOPMENT.

UM, AND ALSO UTILIZING THE LIGHT RAIL AS WELL.

UM, HERE IS A RENDERING OF THE OFFICE BUILDING SHOWING THE MAIN PEDESTRIAN CONNECTION, UH, IN THE BOTTOM LEFT-HAND CORNER AND VARIOUS, UM, UH, BALCONIES AND ARCHITECTURAL RELIEF PROVIDED IN THE, THE BUILDING AS WELL AS THE GROUND, FULL GROUND FLOOR, UH, RETAIL SPACE, WHICH HAS ENHANCED BUILDING, UH, EXCUSE ME, UM, ENHANCED CEILING HEIGHT, UM, MEETING THE REQUIREMENTS OF THE ZONING.

AND HERE IS ANOTHER VIEW OF THE PARKING GARAGE, UM, LOOKING TOWARDS THE EAST SOUTHEAST AND THE PARKING GARAGE PROVIDING, UH, ENHANCED, UH, MASONRY MATERIALS.

UM, ONCE AGAIN, THE, THE STREET SCAPE AND THE RETAIL, UH, PROVIDED ON THE FIRST FLOOR OF THE OFFICE BUILDING, UM, BEFORE YOU IS THE MASTER STREET SCAPE PLAN FOR FESTIVAL WAY.

UH, THIS WOULD, UM, APPLY DIRECTLY IN FRONT OF THE OFFICE BUILDING.

UH, SO IN THAT SECTION THERE WILL BE, UM, PARALLEL PARKING SPACES AS WELL AS, UM, PARKING, EXCUSE ME, LANDSCAPE ISLANDS WITH TREES, UM, AS WELL AS A, UH, 10 FOOT SIDEWALK PATH ON THE SOUTH SIDE AND FIVE FOOT ON THE NORTH SIDE.

UM, THIS WILL, UM, DECREASE THE WIDTH SIGNIFICANTLY OF WHAT IS EXISTING TODAY.

AND THEN, UM, ON THE WESTERNMOST EDGE OF FESTIVAL WAY, THERE WILL ACTUALLY, UM, THE STREET PARKING WILL GO AWAY TO ACCOMMODATE A, UH, SOUTHBOUND, UM, TURNING LANE ONTO ADDISON ROAD.

SO THAT'S WHERE YOU SEE ON THIS, UM, STREET SECTION THE, THE THREE LANES SHOWING THAT THAT TH UM, THIRD LANE IN THE CENTER THERE AND ALL THE, THE, THE SIDEWALKS WILL REMAIN THE SAME IN THAT AREA.

AND THEN ONCE AGAIN, HERE IS THE STREET SCAPE IMPROVEMENT, UH, PROPOSED ON ADDISON ROAD.

YOU CAN SEE, UM, CURRENTLY THERE IS NO SIDEWALK THERE.

UM, AND A 10 FOOT, UM, MULTI-USE PATH WILL BE PROVIDED, UH, ALONG THE EDGE OF, UH, WHAT WOULD BE THE PARKING GARAGE.

UH, AND THE, UM, THE STREET LANES ON ADDISON ROAD WILL REMAIN THE SAME.

STAFF PROVIDED NOTICES OF THE, UM, PUBLIC HEARING FOR THE APPROVAL OF THE DEVELOPMENT PLANS.

THE 16 RECIPIENTS, UH, AND STAFF DID NOT RECEIVE ANY RESPONSES.

UM, AND WITH THAT, STAFF RECOMMENDS, UH, APPROVAL OF THE DEVELOPMENT PLANS FOR THE OFFICE, UM, OFFICE BUILDING AND PARKING STRUCTURE, UH, WITH THESE FOLLOWING CONDITIONS THAT, UM, FINAL APPROVAL OF THE LANDSCAPE PLAN AND FURNISHINGS BE REVIEWED DURING CIVIL AND THE FINAL PARKING QUANTITY AND OPERATIONS BE CONSIDERED, UH, FOLLOWING THE PARKING STUDY.

AND THAT, UM, BUILDING PERMIT APPROVAL SHALL BE IN COMPLIANCE WITH THE F F FAA, UH, BUILDING HEIGHT REVIEW AND THAT FUTURE, UH, SUSTAINABLE, SUSTAINABLE FU FEATURES SUCH AS LEAD COMPLIANCE OR, UM, EV CHARGING STATIONS WILL AND PUBLIC ART WILL BE FURTHER DEFINED.

BE HAPPY TO TAKE ANY QUESTIONS.

THANK, LESLIE.

ANY FOLLOW UP QUESTIONS, LESLIE, ON THIS PARTICULAR

[02:10:01]

RIGHT, HERE'S THE, UM, PUBLIC ART MM-HMM.

, IS THAT, IS THAT A SEPARATE FROM WHAT TREES THEY HAVE TO REPLANT AND STUFF? CAUSE I KNOW ARBOR DOES IT, FOUNDATION DOESN'T PLANT.

SO THERE, UM, I THINK IT'S EASIEST TO SEE ON THIS PLANT.

UM, SO IN, UH, THIS, THE TOP, UH, LEFT HAND CORNER, THE SCREEN, THERE IS A SITE THAT'S IDENTIFIED AS, UH, FUTURE POTENTIAL, UM, LOCATION FOR ART.

SO THE, UH, CO-DEVELOPERS WOULD PARTNER WITH THE ARBOR FOUNDATION IN TERMS OF, UM, SOURCING AND, AND, UM, AND THAT'S IN ADDITION TO ALL THE TREES THEY, CORRECT? YES.

AND THEN, UH, I DON'T BELIEVE THERE ARE ANY OTHER SITES ON THIS PARTICULAR LOT FOR ART.

I JUST HAVE ONE QUESTION FOR JAN, SO YOU DON'T GO TO SLEEP BACK THERE.

, UH, THERE, THERE'S QUESTION HERE.

COMMENT HERE, AND, AND YOU WE'RE GONNA SEE IT THROUGHOUT THE NEXT COUPLE ON TRANSPLANTING PLANTS.

, HOW, WHAT SIZE CALIPER ARE YOU COMFORTABLE TRANSPLANTING? AND HAVE WE DONE MUCH OF THAT IN ADDISON? SO WE'VE NOT TRANSPLANTED TREES SINCE I'VE BEEN IN ADDISON, BUT MY PREVIOUS CAREER, I'VE 20, 20 YEARS BEING A CONSULTANT THAT DESIGNED SPACES LIKE THIS, I HAVE HAD EXPERIENCE.

UM, A GOOD RULE OF THUMB IS USUALLY A TREE THAT'S 14 INCHES TO 12 INCHES IS AN IDEAL SIZE FOR TRANSPLANTING.

ONCE YOU GET OVER THAT SIZE, UM, THERE BECOMES JUST MORE CRITERIA THAT YOU WOULD HAVE TO MEET AND TREAT HEALTH BEFORE DELOCATED.

IT, IT ALSO HAS A LARGER ROOT BALL, AND SO WE HAVE VERY BUILT OUT SPACES AND BEING ABLE TO ACCOMMODATE THAT WOULD BE A CHALLENGE.

UM, I'M GONNA LOOK TO THE AMK TEAM ALSO, BECAUSE I KNOW THAT THEY'VE BEEN MEETING WITH AN ARBORIST THAT'S BEEN MAKING RECOMMENDATIONS, AND I THINK THAT Y'ALL WERE ALSO HOLDING THAT 12 TO FOUR INCH CER SIZE IS THE IDEAL SIZE FOR CORRECT TRANSPLANTING.

UN UNDER 14 AND UNDER IS THE, IS THE, THE LARGEST YOU CAN GET.

UM, THERE'S A SPECIAL MACHINE THAT HAS TO TAKE IN, THAT'S WHERE WE'LL DEVELOP, UM, UH, A LOCATION FOR, UH, TREE FARM AND THINGS LIKE THAT.

SOME TREE FARMS. ONE OF THE THINGS I WOULD LIKE TO POINT OUT IS, UM, THERE IS A NOTE ON THE PLAN THAT DOES REQUIRE THAT IF THOSE TRANSPLANTED TREES DON'T SURVIVE, THAT THEY WOULD BE REQUIRED TO BE REPLACED ALSO.

THANK YOU JEN.

QUESTIONS FOR STAFF OR THE APPLICANT? ALL RIGHT.

IF NOT, I'M GONNA OPEN UP THE PUBLIC PORTION.

ANYONE HERE WISH TO SPEAK ON THIS PARTICULAR MATTER? NO.

I'LL NOW CLOSE THE PUBLIC PORTION.

DO I HEAR A MOTION ON CASE 1872? MOVE TO APPROVE CASE 1872 Z OFFICE AND PARKING STRUCTURE LOTS ONE AND FIVE X BLOCK A EDISON CIRCLES STATION, PHASE ONE WITH CONDITIONS AS STATED.

ALL APPROVE, SAY AYE.

YES.

SECOND.

YOU GOTTA GET A SECOND.

I'LL OPPOSE AN A SECOND.

A SECOND.

HE NEEDS TO GET A SECOND.

SORRY.

SECOND.

SECOND, SECOND, BOB.

ALL NOW ALL OF FAVOR SAY AYE.

ALL OPPOSED? ANY EXTENSIONS? VERY GOOD.

FRONT ITEM NUMBER SIX, THIS IS TO HOLD A PUBLIC HEARING PRESENT, DISCUSSED, AND CONSIDER ACTION ON A RECOMMENDATION REGARDING ORDINANCE.

[6. Hold a Public Hearing, Present, Discuss, and Consider Action on a Recommendation regarding an Ordinance Adopting a Development Plan for Lot 2, Block A of Addison Circle Station – Phase I, Including a Site Plan and Landscape Plan for the construction of Emergency Access Drives, Pedestrian Ways, and Festival Way Streetscape Improvements on and adjacent to a 1.9 Acre Property generally located South of Festival Way and 400 Feet West of Quorum Drive. Case 1873-Z/Retail Node, Lot 2, Block A, Addison Circle Station – Phase I.]

ADOPTING A DEVELOPMENT PLAN FOR LOT TWO BLOCK A OF ADDISON CIRCLE STATION, PHASE ONE, INCLUDING A SITE PLAN AND LANDSCAPE PLAN FOR THE CONSTRUCTION OF EMERGENCY ACCESS DRIVES, PEDESTRIAN WAYS AND FESTIVAL WAYS, STREETSCAPE IMPROVEMENTS ON AND ADJACENT.

TWO, A 1.9 ACRE PROPERTY.

GENERALLY LOCATED SOUTH OF FESTIVAL WAY AND 400 FEET WEST OF QUORUM DRIVE.

THIS IS CASE 1873 Z SLASH RETAIL NODE LOT TWO BLOCK.

A ADDISON CIRCLE STATION, PHASE ONE.

LESLIE HERE FROM STAFF REPORT, PLEASE.

LESLIE KNIGHT, PLANNING AND DEVELOPMENT MANAGER.

UH, THIS, UM, SITE IS LOCATED, UH, SOUTH OF FESTIVAL WAY PRO APPROXIMATELY MID BLOCK BETWEEN, UM, ADDISON ROAD AND QUORUM DRIVE.

UH, THIS IS, UH, 1.9 ACRES, UM, WITHIN THE ADDISON CIRCLE, UM, DEVELOPMENT AND, UH, BEFORE YOU IS DEVELOPMENT PLANS FOR A SITE PLAN AND LANDSCAPE PLAN, UH, SPECIFICALLY FOR SOME, UM, IMPROVEMENTS THAT DON'T, UH, INVOLVE ANY STRUCTURES ON THE SITE.

UH, SO THE SITE PLAN BEFORE YOU, UH, YOU CAN KIND OF SEE THAT THERE'S A, A DONUT HOLE, IF YOU WILL, IN A CENTER.

UH, THAT'S ALL FOR THAT WILL BE DETERMINED AT A LATER DATE, UH, FOR FUTURE CONSIDERATION OF ANOTHER DEVELOPMENT PLAN.

FOLLOWING, UH, THE FUTURE DEVELOPMENT OF, UM, PARTNERSHIP WITH THE CO-DEVELOPERS,

[02:15:01]

UH, FOR THE RETAIL COMPONENT OR THE RETAIL ENTERTAINMENT NODE.

UH, AT THE CENTER OF, OF THIS PROJECT, WHAT WE ARE, UH, WHAT IS BEING CONSIDERED THIS EVENING IS THE IMPROVEMENT SURROUNDING THAT AREA.

UH, THAT INCLUDES A, UH, 24 FOOT FIRE LANE, UM, PEDESTRIAN FIRE, EXCUSE ME, FIRE LANE, PEDESTRIAN ACCESS AND UTILITY EASEMENT, UH, THAT WILL SERVE, UH, NOT ONLY THE FUTURE DEVELOPMENT ON THIS SITE, BUT THE SURROUNDING AREAS AS WELL.

UH, THERE WILL BE, UM, IN ADDITION TO THAT, THIS ALSO LOOKS AT THE NEW STREET SAFE DESIGN, WHICH IS, UH, ALONG FESTIVAL WAY IMMEDIATELY NORTH OF, OF THIS LOT, LOT TWO.

UM, IT IS THE INTENT THAT THIS SITE WILL, UM, IN THE FUTURE SUPPORT A MINIMUM OF A 25,000 SQUARE FOOT, UM, RETAIL RESTAURANT ENTERTAINMENT NODE WITH, UM, VARIOUS, YOU KNOW, CIVIC OPEN SPACE AND GATHERING SPACE.

UH, THAT IS, UM, INTENDED TO BE INTEGRATED WITH NOT ONLY THE PEDESTRIAN PATHWAYS, BUT ADDISON CIRCLE PARK, AS WELL AS THE SILVER LINE.

THE, UM, ADDITIONALLY, THERE WILL BE NO VEHICLE ACCESS ONTO THIS SITE, ONLY EMERGENCY, UH, VEHICLE ACCESS, UH, IN SEVERAL LOCATIONS, THERE WILL BE, UM, REMOVABLE BALLARDS, WHICH WOULD ALLOW FOR EMERGENCY ACCESS ONLY.

UM, BUT THERE WOULD ANY PARKING THAT WOULD BE NEEDED TO SERVE THIS SITE WILL BE ACCOMMODATED ELSEWHERE, UH, WITHIN THE DEVELOPMENT FINAL.

UM, QUANTITY WILL BE DETERMINED FOLLOWING, UH, FUTURE NEGOTIATIONS, FOLLOWING A PARKING STUDY WITH THE CO-DEVELOPERS.

UH, AS YOU CAN SEE, THE ON THE LANDSCAPE PLAN, UH, THERE IS A SIGNIFICANT, UH, AMOUNT OF STREET TREES PROVIDED ALONG FESTIVAL WAY AT THIS LOCATION.

THERE IS A, UM, A TABLETOP DESIGN WHERE IT'S CURBLESS AND, UM, IT ACTUALLY, UH, THE ROADWAY EX, UM, INCREASES TO, UM, BRAID WITH THE PARK AND, UH, LOT TWO, UH, TO REALLY PROVIDE A PEDESTRIAN FRIENDLY ENVIRONMENT AND MAKE IT, UM, A LITTLE BIT MORE UNCOMFORTABLE FOR VEHICLES TRAVELING.

THE AREA, UH, THE TREES PLANTED WILL ALONG THIS CORRIDOR, UH, WILL BE, UM, TRANSPLANTED FROM ELSEWHERE ON THE SITE.

ADDITIONALLY, THERE WILL BE BASE LANDSCAPING, UM, KIND OF SURROUNDING LOT TWO AND VARIOUS AREAS, UH, WITHIN THAT PEDESTRIAN, UM, ACCESS THAT WE ARE LOOKING AT THIS EVENING.

ADDITIONALLY, THERE WILL BE A SPECIAL PAVEMENT TREATMENT PROVIDED THROUGHOUT, UH, THAT IS DEPICTED ON THIS PLAN, UH, REALLY IDENTIFYING THE PEDESTRIAN FOCUSED AREAS.

AND THEN THROUGHOUT THERE WILL BE VARIOUS, UH, STREET FURNISHINGS SUCH AS BENCHES, STREET LIGHTING, UM, TRASH AND SO FORTH THAT WILL BE, UH, FURTHER REFINED WITH CIVIL REVIEW.

UH, THERE ARE SEVERAL OTHER, UM, ITEMS WHICH ARE REQUIRED VIA THE ZONING.

HOWEVER, THEY'RE TRULY ONLY, UM, COMPLY WITH THE ADDITION OF BUILDINGS ON THE SITE.

AND SINCE WE'RE, UH, LOOKING AT, UM, REALLY THE, UM, OTHER AMENITIES THAT ARE PROVIDED ON SITE, THOSE WILL BE NEEDED FOR FURTHER, UM, EVALUATION TO MAKE SURE THAT THOSE COMPLY WHEN A NEW DEVELOPMENT PLAN, UM, COMES BEFORE YOU ALL.

UH, AND ANOTHER THING TO NOTE, THERE ARE SEVERAL AREAS ON THIS SITE THAT ARE IDENTIFIED AS, UH, FUTURE LOCATIONS FOR PUBLIC ART, AND THOSE WILL ALSO BE FURTHER EVALUATED.

UH, ONCE AGAIN, YOU'VE SEEN THESE RENDERINGS SEVERAL TIMES.

UH, THE BUILDINGS IDENTIFIED AT THE CENTER FOR THE, UH, RETAIL ENTERTAINMENT NODE ARE JUST ILLUSTRATING, UM, SOMETHING THAT COULD BE POTENTIALLY, UM, ENVISIONED FOLLOWING OR WITH THE DEVELOPMENT STANDARDS THAT WERE APPROVED, UH, TWO ITEMS AGO, UH, INTENDED TO BE A ONE STORY, UM, BUILDINGS, UH, APPROXIMATELY 25, OR EXCUSE ME, A MINIMUM OF 25,000 SQUARE FEET, UH, VARIOUS, UH, USES.

UM, AND ONCE AGAIN, THIS IS LOOKING NORTH TOWARDS, UM, ADDISON CIRCLE PARK.

UM, YOU CAN SEE THE BACKSIDE OF THE NODE, UH, IS REALLY INTENDED TO BE PEDESTRIAN FRIENDLY COMING OFF OF THE, UH, RAIL STATION AT THE VARIOUS POINTS OF ACCESS FROM THE PLATFORM.

AND, UH, ONCE AGAIN, THE TWO MAJOR CORRIDOR PEDESTRIAN CORRIDORS THAT WILL CONNECT ALL THE WAY UP TO ADDISON CIRCLE PARK, UH, FROM BOTH, UH, THE, UM, THE RAIL STATION, EXCUSE ME.

[02:20:01]

AND ONCE AGAIN, ANOTHER PHOTO OF THE STREET, STREET SCAPE SHOWING, UH, THE TOP, OR EXCUSE ME, THE START OF THE TABLETOP AT THE BOTTOM OF THIS PHOTO.

THE STREET SCAPE MASTER STREET SAFE PLAN AT THIS SECTION, UM, IDENTIFIES NO ON STREET PARKING, AS I MENTIONED, IT WILL BE, UM, APPEAR AT GRAVE.

SO YOU CAN SEE THE TRAVEL LANES AS WELL AS THE SIDEWALK AND, UH, AMENITY ZONE WILL ALL BE THE SAME GRADE.

UM, PROVIDING A MORE PEDESTRIAN FRIENDLY ENVIRONMENT.

STAFF SENT OUT SEVEN NOTICES TO PROPERTY OWNERS WITHIN 200 FEET OF THE SITE, AND WE DID NOT RECEIVE ANY RESPONSES.

AND STAFF RECOMMENDS APPROVAL OF THE DEVELOPMENT PLAN WITH THE FOLLOWING CONDITIONS.

UM, THAT, UH, ADDITIONAL DEVELOPMENT PLANS ARE REQUIRED TO, UH, TO FILL THAT WHAT IS CURRENTLY VOID.

UM, FINAL LANDSCAPING AND STREET, UH, FURNISHINGS WILL BE, UH, COMPLETED DURING CIVIL PLAN REVIEW.

THE PARKING WILL BE FURTHER EVALUATED FOLLOWING A PARKING STUDY.

UM, BUILDING PERMITS, UH, ARE SUBJECT TO F FAA REVIEW, AND THAT, UH, FUTURE SUSTAINABLE SUSTAINABLE FUTURES WILL BE FURTHER REVIEWED.

LESLIE.

QUESTIONS FOR STAFF? YEAH, I HAVE A QUESTION.

SO, IF THEY DON'T KNOW WHAT'S GONNA BE THERE, AND YOU HAVE ALL THESE CONDITIONS, I DON'T REALLY UNDERSTAND WHAT I'M, YEAH.

SO, UH, WITH THIS SITE, UM, WE, UM, NEED TO MAKE SURE THAT THE PART OF, UM, PART OF THE OTHER COMPONENTS ON THE SITE IS THAT WE NEED TO MAKE SURE THAT THERE'S PROPER, UM, SAFETY ACCESS.

SO THAT'S REALLY, AND THERE'S OTHER CONNECTION POINTS THAT ARE IMPORTANT TO THIS DEVELOPMENT THAT TIE INTO THE ADJACENT DEVELOPMENTS.

UM, SO THOSE ARE PRIMARILY, YOU'RE LOOKING AT THE PEDESTRIAN ACCESS POINTS, THE CONNECTIONS OFF THE RIGHT OF WHAT, OR EXCUSE ME, THE, THE SILVER LINE, UM, THE STREET SCAPE ON FESTIVAL WAY, AND THEN O OBVIOUSLY THE FIRE LANE.

SO THOSE ARE SOME THINGS THAT WE NEED TO, UM, ENSURE ARE APPROVED WITH THE, UM, CONTINUATION OF THIS PRO PROJECT.

BUT, UM, STAFF FEELS THAT THE, UM, RETAIL COMPONENT AS WELL AS THE, THE CO-DEVELOPERS, UM, NEEDS FURTHER REVIEW AND NEEDS TO EVOLVE FURTHER.

SO WILL IT COME BACK WHEN THEY HAVE SOME MM-HMM.

? YES.

ANY FOLLOW UP QUESTIONS FOR THE APPLICANT? I HAVE A QUESTION FOR LESLIE.

SO AGAIN, EVERYTHING THAT'S GOING ON ON, UH, FESTIVAL WAY, BUT I THINK WE TALKED ABOUT THIS MORNING, THE GRADING OF THAT STREET.

IS GOING TO BE, CAUSE IT'S SLOPES AT THE EASTERN END, I GUESS, OF THE STREET.

THAT'S NOT GONNA BE A SLOPE ANYMORE.

THAT'LL BE FLAT ALL THE WAY.

IS THAT GONNA BE REDONE OR NO? SO I, I THINK YOU'LL HAVE SOME INTERVENTIONS, UH, WITH THE EXISTING SECTION.

UH, OBVIOUSLY THERE'S GONNA BE A LOT OF CHANGE TO THE PARKING, BUT WE'RE STILL WORKING THROUGH, WE'RE NOT AT THAT POINT IN THE, THE CIVIL DESIGN.

UM, SO WE NEED TO SCOPE THAT OUT STILL AND WORK WITH THE DEVELOPMENT TEAM TO GET INTO THAT LEVEL OF DESIGN.

UM, SO THERE'S, THERE'S A POSSIBILITY IT COULD CHANGE, BUT THERE'S, THERE'S CERTAINLY A POSSIBILITY THAT IT'S MORE MINOR INTERVENTIONS TO INTRODUCE THE SPECIALIZED PAVING.

YEAH, I THOUGHT IT WAS A GREAT IDEA, BUT I NEVER EVEN CROSSED MY MIND.

ANY QUESTIONS? ALL RIGHT.

I'M GONNA OPEN UP THE, UH, MEETING FOR THE PUBLIC PORTION.

IS THERE, ANYONE HERE WANTS TO SPEAK ON THIS ISSUE? I DON'T HAVE ANYBODY SIGNED UP.

SO I'LL NOW CLOSE THE PUBLIC PORTION AND I'M GOING TO, UH, SOLICIT A MOTION FOR CASE 1873 Z.

MOTION TO APPROVE CASE 1873 Z RETAIL LOT TWO BLOCK A ADDISON CIRCLE STATION, PHASE ONE WITH CONDITIONS THAT ARE RECOMMENDED BY STAFF.

YOUR SECOND, SECOND, SECOND BY NANCY.

ALL IN FAVOR SAY AYE.

OPPOSED? ANY EXTENSIONS CARRIES.

[7. Hold a Public Hearing, Present, Discuss, and Consider Action on a Recommendation regarding an Ordinance Adopting a Development Plan for Lot 3, Block A of Addison Circle Station – Phase I, Including a Site Plan, Landscape Plan, Facade and Floor Plans for a Multifamily Residential Building with Ground Floor Retail/Restaurant Uses, and Festival Way and Quorum Drive Streetscape Improvements on and adjacent to a 1.8 Acre Property at the Southwest Corner of Quorum Drive and Festival Way. Case 1874-Z/Multifamily Tower, Lot 3, Block A, Addison Circle Station – Phase I. ]

SCHMIDT, DIRECTOR OF DEVELOPMENT SERVICES FOR THE TOWN.

ITEM NUMBER SEVEN, FOR THE PUBLIC HEARING PRESENT, DISCUSS AND CONSIDER ACTION ON A RECOMMENDATION REGARDING AN ORDINANCE ADOPTING A DEVELOPMENT PLAN FOR LOT THREE BLOCK A EDISON CIRCLE STATION, PHASE ONE, INCLUDING A SITE PLAN, LANDSCAPE PLAN, FACADE, AND FLOOR PLANS FOR A MULTI-FAMILY RESIDENTIAL BUILDING WITH GROUND FLOOR RETAIL AND RESTAURANT USES AND FESTIVAL WAY AND QUORUM DRIVES, STREET SCAPE IMPROVEMENTS ON AND ADJACENT TO A ONE POINT ACRE PROPERTY AT THE SOUTHWEST CORNER OF QUORUM DRIVE AND FESTIVAL WAY.

THIS IS CASE 1874 C SLASH MULTIFAMILY TOWER LOT THREE BLOCK A ADDISON CIRCLE STATION, PHASE ONE.

AND CAN I HEAR STAFF REPORT, PLEASE? GOOD EVENING.

ONCE AGAIN, KEN

[02:25:01]

SO THIS IS THE SECOND STEP OF THE TOWN'S TWO STEP, UH, PLAN DEVELOPMENT DISTRICT, UH, REZONING PROCESS.

SO THE FIRST STEP, UH, YOU ACTED ON EARLIER TONIGHT, REZONED THE ENTIRE SITE AND ADOPTED A CONCEPT PLAN.

THIS IS A DEVELOPMENT PLAN APPROVAL FOR THIS SPECIFIC SITE.

SO THAT INCLUDES THE, THE VARIOUS PLANNING DOCUMENTS THAT YOU JUST, UH, REFERENCED CHAIR, UH, FOR, UH, THIS ONE POINT ACRE SITE AT THE SOUTHWEST CORNER OF QUORUM AND FESTIVAL WAY.

SO THIS IS FOR THE, UH, MULTI-FAMILY TOWER COMPONENT OF THE PROJECT.

UH, SO THAT'S A 13 STORY TOWER, UH, THAT STEPS DOWN TO FIVE STORIES AT THE WESTERN EDGE OF THAT BUILDING.

UH, 270 DWELLING UNITS AND 10,000 SQUARE FEET OF RETAIL SPACE.

AND THEN ANOTHER 6,000 SQUARE FOOT OF LEASING SPACE.

ALL THAT IS ORIENTED ALONG FESTIVAL WAY AS WELL AS, UH, THE QUORUM FRONTAGE, UH, AMENITY DECK, UH, THAT WE TALKED ABOUT, AS WELL AS A GREEN ROOF ON THE SIXTH FLOOR.

AND THEN A, UH, UH, PARKING STRUCTURE WITH OVER, UH, 400 PARKING SPACES, AND THEN 12 ON STREET PARKING SPACES WITH THIS PROPOSAL.

THERE'S ALSO, UH, MAJOR INTERVENTIONS OCCURRING TO IMPROVE THE STREET SCAPE, UH, ON FEST FESTIVAL WAY, AS WE DISCUSSED.

AND THEN SOME, UH, MINOR IMPROVEMENTS, UH, TO THE QUORUM, UH, STREET SCAPE, JUST TO EXTEND THE EXISTING CHARACTER THAT ALREADY EXISTS IN ADDISON CIRCLE PARK.

UH, ALSO WHAT YOU'LL SEE HERE IS, UH, A, UH, LANDSCAPE AREA ADJACENT TO THE THE COTTON BELT TRAIL.

AND THEN, UH, A THING TO NOTE HERE WITH THE WAY THIS SITE IS ORIENTED AND THE SHAPE OF THE PROPERTY, UH, ALL ACCESS TO THE PARKING STRUCTURE IS TAKEN OFF A FESTIVAL WAY.

SO YOU SEE THAT, UM, AT THE WESTERN LIMIT OF THE BUILDING, ALSO, WHERE THEY HAVE TRASH SERVICES SCREENED, OF COURSE, AND, AND THE TENANT MOVEMENT AREA AS WELL.

BUT THE REMAINDER OF THAT FESTIVAL, WASTE STREET SCAPE IS ACTIVATED MOSTLY WITH COMMERCIAL SPACE, BUT WITH, UH, SOME RESIDENTIAL UNITS AT THE WESTERN END.

UH, SO LANDSCAPE TREATMENT, UH, OBVIOUSLY NEW STREET TREES ALONG FESTIVAL WAY, THEY'RE PRESERVING, UH, SOME EXISTING TREES ALONG QUORUM.

AND THEN THEY'RE ALSO, UH, PROVIDING SOME NEW PLANTINGS AND BASE LANDSCAPE, UH, THROUGHOUT THE ENTIRE PERIMETER OF THE BUILDING SITE TO INCLUDE THE PEDESTRIAN ACCESS WAY, UH, THAT, UH, UH, TRAVERSES THE RETAIL AREA.

UM, SPECIAL PAVING TREATMENTS IS THE KEY THEME OF THIS ENTIRE PROJECT, UH, MATCHING AND, AND, UH, UH, MEETING THE SPIRIT IN AN INTENT OF WHAT WE ALREADY HAVE AT ADDISON CIRCLE.

UH, HAVING, UH, UH, TREATMENTS AT, UH, PEDESTRIAN AREAS ALONG, UH, THE SIDEWALK AND, AND CERTAINLY ALONG THE FESTIVAL, WAY STREET SCAPE AS WELL.

UH, AND THEN STREET FURNISHINGS, UH, THEY HAVE SOMETHING DEPICTED ON HERE, UH, CERTAINLY CONCEPTUALLY, AND THOSE WILL BE REFINED WITH OUR PARKS STAFF AND PLANNING STAFF AS, UH, DETAILED CIVIL ENGINEERING PLANS ARE ADVANCED OF SOD PLAN ON 97%, ON MOST, UM, FREE OF FOUR FACADES, UH, MASONRY, STUCCO AND GLAZING.

UH, THE ONE EXCEPTION IS THE, THE PARKING STRUCTURE SIDE OF THE PROJECT WHERE, UH, THEY HAVE A A, AN ENHANCED, UH, SCREENING, UH, OF NON MASONRY MATERIAL, UH, ALONG THAT DART RIGHT OF WAY SCALE, AS WE'VE DISCUSSED EARLIER, THIS WILL BE A PROMINENT BUILDING IN OUR SKYLINE, UH, TALLEST RESIDENTIAL BUILDING IN ADDISON.

AND THEN, UM, UH, ELEVATED TREATMENT, UH, DEFINITELY AT THE FESTIVAL, WAY STREET SCAPE WITH THE COMMERCIAL AT THE GROUND FLOOR.

AND THEN, UH, WHILE THIS IS A, A LARGE BUILDING, THEY DO A GOOD JOB OF, OF PROVIDING ARCHITECTURAL LEAF, VARIOUS STEP BACKS IN THE BUILDING.

UH, AND THEN, UH, THE, THE EXPANSIVE USE OF, UH, RECESSED, UH, UH, PATIO AREAS, UH, TO SERVE THOSE UNITS AND PROVIDING OUTDOOR SPACE PROVIDES A LOT OF INTEREST AS WELL.

AND OF COURSE, THEY, THEY DO A GREAT JOB OF SCREENING THE AREAS WE DON'T WANT TO SEE PARKING AND, AND, AND SOLID WASTE FACILITIES.

UH, FLOOR PLAN, UM, AS WE DISCUSSED, UH, THE, UH, REALLY THE, THE FIRST, UH, FIVE LEVELS ARE, UM, UH, GROUND FLOOR, UH, RETAIL AND, AND THEN, UH, SOME RESIDENTIAL.

UH, AND THEN, UH, GOING UP TO THE SIX LEVELS WHERE YOU HAVE YOUR AMENITIES.

AND THEN THE HIGHRISE COMPONENT OF THE BUILDING, UH, EXTENDS UP TO THE 13TH LEVEL.

UH, THIS, UH, UH, STRUCTURE IS A LITTLE MORE TIGHTLY PARKED THAN THE OTHER STRUCTURES.

UH, WE'RE GONNA CONTINUE TO STUDY THAT, UH, UH, THROUGH THE COMPLETION OF THE PARKING STUDY.

UH, THEY, THEY MEET ALL THE REQUIREMENTS, UH, FOR PARKING SUPPLY WITH THIS PROJECT.

WE JUST NEED TO ENSURE THAT WE'RE APPROPRIATELY, UH, INTEGRATING IT TO THE, INTO THE OVERALL RETAIL PARKING STRATEGY FOR THE PROJECT.

SO MORE WORK TO, TO HAPPEN THERE.

UH, YOU'VE SEEN A LOT OF THESE CHARACTER IMAGES.

WE'RE NOT GONNA, UH, DWELL ON THESE, UH, UH, GREAT ADDITION TO THIS, UH, UH, AREA OF TOWN.

UH, AND THEN THE STREETSCAPE, AS WE DISCUSSED.

FESTIVAL A IS THE MAJOR

[02:30:01]

CHANGE WITH THE CHANGE OF PARKING ORIENTATION AND, AND THE BROADER PEDESTRIAN AREA.

QUORUM DRIVE, VERY MINOR CHANGE, REALLY EXTENDING WHAT'S ALREADY THERE, SOUTH TOWARDS THE DART RIGHT OF WAY.

AND THEN, UH, OUR OTHER CONSIDERATIONS RELATED TO THE ZONING, WE'RE GONNA COVER SUSTAINABILITY THROUGH OUR CONTINUED NEGOTIATIONS.

AND THEN PUBLIC ART AS WELL.

THERE'S FUNDING, UH, AND PARTNERSHIP IDENTIFIED IN THE, THE AGREEMENTS FOR THIS PROJECT.

SO WE DID NOTICE ADJACENT PROPERTY OWNERS, UH, AND D I S D FOUR NOTICES WERE SENT OUT TO TO, TO OWNERS WITHIN, UH, 200 FEET OF THE PROPERTY.

WE HAVE NOT RECEIVED ANY FEEDBACK AT THIS TIME.

UH, STAFF DOES RECOMMEND APPROVAL OF THIS REQUEST WITH THE CONDITIONS NOTED IN THE STAFF REPORT.

THANK KEN.

QUESTIONS FOR STAFF, QUESTIONS FOR APPLICANTS FOR THE APPLICANT.

UM, SO THESE APARTMENTS, GIVEN THAT, YOU KNOW, THE MORE PEOPLE ARE WORKING FROM HOME AND THINGS LIKE THAT, WHAT KIND OF AMENITIES ARE YOU ADDING HERE? SO DO YOU EXPECT THEM TO BE PEOPLE WHO WORK FROM HOME? I KNOW YOUR CURRENT LOCATION HAS A MAKER SPACE.

YOU MENTIONED SOME PLACES YOU HAVE A PODCAST BOOTH OR SOMETHING.

SO WHAT SORT OF AMENITIES? THE, THE AMENITY SPACES THAT WE PROGRAM WILL HAVE OFFICE PRIVATE OFFICES.

WE HAVE A CERTAIN AMOUNT, WE'VE PROGRAMMED THAT.

WE HAD THAT AT AM EMILY ADDISON.

WE'LL HAVE THAT INCOMING TRIAGE AND WE'LL HAVE THAT HERE AS WELL, WHERE THERE'LL BE PRIVATE OFFICES, UM, SOME SHARED SPACES FOR, UH, FOR HOME OFFICE.

ALSO OUR UNIT PLANS, MOST OF THEM HAVE A PRIVATE DESK AS WELL.

UM, THAT, THAT, UH, PEOPLE CAN WORK FROM HOME IN THE TOWER.

WE'RE ALSO HAVING LARGER UNITS, WE'RE HAVING 1100 SQUARE FOOT AVERAGE FOR A WINNER BY CHOICE.

AND IN SOME CASES THEY'LL HAVE AN EXTRA BEDROOM OR AN OFFICE TO ACTUALLY WORK FROM HOME.

SO THAT'S THE FLEXIBILITY IN THE TOWER VERSUS THE PODIUM.

BUT ALL OF OUR AMENITIES WILL HAVE A MAKER SPACE AS WELL AS A SHARED OFFICE SPACE AND SOME COMMON AMENITY SPACES THAT THEY CAN WORK FROM AS WELL.

IS THAT THE, THE MAIN DRIVER OF WHY THE UNITS ARE SO LARGE? BECAUSE YOU'RE, I MEAN, THAT MAKES YOUR CHUNK RENT MUCH LARGER ON A MONTHLY BASIS.

I MEAN, CUZ IT'S COST MORE TO BUILD HIGHRISE, ALL THAT KIND OF LIKE, IS THAT JUST PURELY LOGIC? WELL, IN THIS CASE, WE'RE LOOKING FOR A RARE BY CHOICE ALSO, WE'RE THE GONNA BE, UH, IT, IT ALLOWS US TO GET MORE UNITS TO VIEW THE PARK.

THAT'D BE FOREVER.

GREAT.

AND ALSO THERE WE'VE SEEN, AND THIS IS MORE OF OUR STRATEGY, IS THAT THERE'S A HOLE IN THE DONUT.

THERE'S HIGH RISE IN NORTHWEST HIGHWAY AND UPTOWN, AND THERE'S HIGH RISES UP NORTH AND PLANO AND FRISCO.

THIS IS A HOLE IN THE DONUT LIKE WE'VE TALKED ABOUT AT THE, THERE'S NOT THAT PRODUCT HERE, BUT THE CONNECTIVITY, UH, SHOULD ALLOW THAT.

THERE SHOULD BE SOME OF THIS PRODUCT HERE AND THAT'S WHAT WE'RE COUNTING ON.

AND WHAT ARE PROFORMA RENTS GONNA BE ON THIS? UH, WE'RE LOOKING AROUND, UH, $3 A SQUARE FOOT, MAYBE A LITTLE BIT NORTH OF THAT RIGHT NOW.

ESPECIALLY AS WE DO A, A THREE AND A HALF PERCENT ESCALATION FROM WHEN WE START NOW UNTIL WHEN WE ACTUALLY OCCUPY THE BUILDING.

AND I THINK I KNOW THE ANSWER TO THIS QUESTION BEFORE I ASK, BUT YOU GUYS DON'T DO CONDO CONVERSIONS, DO YOU? OR HAVE YOU IN THE PAST? UM, I'M NOT AWARE OF THAT.

WE HAVE, BUT HAVE YOU SOLD THE CONDO CONVERTERS? NO.

WE CAN SELL TO SOMEBODY WHO COULD CHOOSE YOU.

HAVE YOU IN THE PAST? I'M JUST CURIOUS MORE THAN ANYTHING.

YES, WE HAVE AFTER YOUR 10 YEAR, LIKE FOR TEXAS, AFTER YOUR 10 YEAR LIABILITY IS GONE.

YES.

ANY OTHER QUESTIONS FOR AN APPLICANT? NOT I'LL OPEN UP THE PUBLIC PORTION OF THE MEETING.

ANYONE WISH TO SPEAK ON THIS ITEM WHEN EVERYONE SIGNED UP? SO I NOW CLOSE THE PUBLIC PORTION FOR THE MEETING AND I'M LOOKING FOR A MOTION FOR CASE 1874.

I MOVE TO APPROVE 1874 CITY MULTI-FAMILY TOWER, UH, THREE BLOCK A ADDISON CIRCLE STATION, PHASE ONE WITH THE, UH, NOTED CONDITIONS.

DO I SECOND WILL SECOND.

AND WE HAVE MOTION.

AND SECOND.

ALL IN FAVOR SAY AYE.

EIGHT, THE LAST OF THE NIGHT, HOLD A PUBLIC HEARING PRESENT, DISCUSS AND CONSIDER ACTION ON A RECOMMENDATION REGARDING AN ORDINANCE ADOPTING A DEVELOPMENT PLAN FOR LOT ONE LOCK B ADDISON CIRCLE STATION, PHASE ONE AND THE REALIGNMENT OF SPECTRUM DRIVE, INCLUDING A SITE PLAN, LANDSCAPE PLAN FACADE, AND FOUR PLANS FOR A MULTI-FAMILY RESIDENTIAL BUILDING WITH GROUND FLOOR RETAIL AND RESTAURANT USES AND ARAPAHOE ROAD AND QUORUM DRIVE STREET SCAPE IMPROVEMENTS ON AN ADJACENT TO A THREE AND A HALF ACRE PROPERTY AT THE NORTHEAST CORNER OF ARAPAHOE ROAD AND QUORUM DRIVE AND BISECTED BY SPECTRUM DRIVE.

ALL OPPOSED IN EXTENSIONS.

VERY GOOD.

IN ITEM

[8. Hold a Public Hearing, Present, Discuss, and Consider Action on a Recommendation regarding an Ordinance Adopting a Development Plan for Lot 1, Block B, Addison Circle Station – Phase I, and the realignment of Spectrum Drive, Including a Site Plan, Landscape Plan, Facade and Floor Plans for a Multifamily Residential Building with Ground Floor Retail/Restaurant Uses, and Arapaho Road and Quorum Drive Streetscape Improvements on and adjacent to a 3.5 Acre Property at the Northeast Corner of Arapaho Road and Quorum Drive, and bisected by Spectrum Drive. Case 1875-Z/Multifamily Midrise, Lot 1, Block B, Addison Circle Station – Phase I. ]

THIS IS CASE 1875 Z SLASH MULTIFAMILY MID-RISE LOT ONE BLOCK B ADDISON CIRCLE STATION PHASE ONE.

CAN I HAVE STAFF REPORT PLEASE? THANK YOU.

ONCE AGAIN, THIS IS, UH, EXECUTING

[02:35:01]

THE SECOND STEP OF THE TOWN'S TWO STEP PLAN DEVELOPMENT, UH, ZONING PROCESS.

SO THIS, UH, IS CONSIDERATION OF DEVELOPMENT PLAN APPROVAL AND COMPLIANCE WITH, UH, CASE, UH, 1860 Z, UH, WHICH WAS ACTED ON EARLIER TONIGHT.

UH, AND SO THIS INCLUDES CONSIDERATION OF A SITE PLAN, LANDSCAPE PLAN, FACADE AND FLOOR PLANS FOR THE PROPOSED, UH, UH, MULTI-FAMILY MID-RISE OF THE ADDISON CIRCLE STATION, PHASE ONE PROJECT.

THIS IS GENERALLY LOCATED AT THE, UH, NORTHEAST CORNER OF QUORUM AND ARAPAHOE.

UM, SO WITH THIS REQUEST, UH, THE APPLICANT IS PROPOSING A, UH, SEVEN STORY MID-RISE BUILDING, UH, COMPRISED OF 412 DWELLING UNITS AND, UH, 5,000 SQUARE FEET OF RETAIL SPACE AT THE GROUND FLOOR ORIENTED TOWARDS THE INTERSECTION OF QUORUM AND ARAPAHOE, AND THEN ALSO AN 8,500 SQUARE FOOT, UH, LEASING AND AMENITY SPACE AT THE, UH, EASTERN EDGE OF THE BUILDING.

UH, AN AMENITY DECK IS PROVIDED AT THE FOURTH FLOOR, UH, JUST UNDER 600 PARKING SPACE, PODIUM, PARKING STRUCTURE, UH, AND NINE ON STREET PARKING SPACES IS PROVIDED AS WELL.

UH, THIS CONSIDERATION, UH, BEYOND THE 2.9 ACRE LOT, UH, FOR THE, UH, MULTIFAMILY MID-RISE BUILDING, UH, ALSO PROPOSES A, UH, MINOR REALIGNMENT TO A SEGMENT OF SPECTRUM DRIVE, UH, UH, SHIFTING THAT, UH, ROADWAY EAST AND, AND RECONSTRUCTING A, A NEW, UH, 62 FOOT RIGHT OF WAY WITH TWO TRAVEL LANES AND ON STREETE PARKING, UH, AT THE EASTERN EDGE OF THIS.

UH, THIS WILL ALSO, UH, FRAME A, UH, NEW PUBLIC OPEN SPACE THAT WILL BE BROUGHT FORWARD FOR DEVELOPMENT PLAN APPROVAL AT A FUTURE DATE.

UH, AND THEN, UH, FINALLY, THIS WILL ALSO INCLUDE, UH, STREET SCAPE IMPROVEMENTS AT QUORUM AND ARAPAHOE AND THE NEW SPECTRUM, UH, ALIGNMENT, UH, LARGELY PRESERVING, UH, EXISTING QUORUM AND ARAPAHOE, BUT WITH SOME MINOR MODIFICATIONS AND ENHANCEMENTS TO REALLY MEET, CONTINUE TO MEET THE SPIRIT OF THE ADDISON CIRCLE DISTRICT.

UH, SO, UH, WITH THIS LANDSCAPE PLAN, UH, YOU HAVE A LOT OF PRESERVATION, UH, PARTICULARLY AT THE ARAPAHOE, UH, AND QUORUM FRONTAGES.

AND THEN YOU'LL HAVE, UH, NEW PLANTINGS, UH, WITH THE, UH, REALIGNED SPECTRUM DRIVE, UH, LOTS OF BASE LANDSCAPE, UM, UH, ORIENTED AROUND THE BUILDING, UH, AT THE, UH, PATIO FRONTAGES, UH, AT, UH, QUORUM, UH, AND THEN ALSO IN THAT PRIVATE COURTYARD AREA.

UM, SPECIAL PAVEMENT TREATMENTS, UH, MOST NOTABLY ALL OF SPECTRUM DRIVE, UH, IS, UH, GONNA BE A VEHICLE PAVER TO, UH, CALM TRAFFIC AND, UH, ALLOW FOR GOOD PEDESTRIAN MOVEMENT THROUGH THAT AREA.

AND THEN ALSO SOME ENHANCEMENTS, UH, ADJACENT TO THE RETAIL SPACE.

AND THEN, UH, AS NOTED EARLIER, UH, STREET FURNISHINGS WILL BE ADDRESSED, UH, UM, IN FULL DETAIL.

UH, THE CIVIL PLAN REVIEW.

UH, HERE'S THE FACADE PLAN.

UM, SUB TO THE OTHER BUILDINGS ARE REVIEWED TONIGHT, UH, LARGELY MASON OR E GLAZING.

UM, IN LIEU OF STUCCO.

THIS ONE PROPOSES MORE OF A, A FIBER CEMENT PANEL AS PART OF THAT MIX.

UM, SO LARGELY 95%, UH, COMPRISING THOSE THREE MATERIALS.

UM, AND THEN ONCE AGAIN, WHERE THE PARKING STRUCTURE IS, YOU HAVE LESS, UH, GIVEN THE, THE, UH, ALTERNATIVE SCREENING PROVIDED THERE.

SEVEN STORY BUILDING, UH, AND SCALE APPROXIMATELY 80 FEET AT HEIGHT.

AND THEN OUR, AN ARCHITECTURAL TREATMENT WHERE, UH, YOU HAVE A, A LOT OF RELIEF, UH, ACHIEVED THROUGH VARYING THE, THE, THE ROOF LINE, PROVIDING BALCONIES, ACTIVATING THE STREETSCAPE WITH UNITS, AND THEN, UH, ENHANCED SCREENING, UH, FOR THE, THE, UH, PARKING STRUCTURE.

ONE THING TO NOTE THAT I DIDN'T MENTION EARLIER, ACCESS TO THIS BUILDING WILL BE PROVIDED AT TWO LOCATIONS.

UH, ONE, UH, OFF OF QUORUM.

THAT WILL BE THE PRIMARY RETAIL ACCESS LOCATION.

AND THEN ONE OFF OF, UH, ARAPAHOE IMMEDIATELY NORTH OF THE SPECTRUM INTERSECTION.

SO HERE'S THE PROPOSED FLOOR PLAN.

UH, AT THE FOURTH FLOOR, YOU HAVE THAT, UH, OUTDOOR AMENITY, UH, WITH THE AMENITY DECK AND A, A PRIVATE OPEN SPACE, UH, PARKING AS WELL AND ACCESS OF WHAT'S REQUIRED, UH, 46 SPACES.

AND THEN, UH, THEY'LL ALSO BE PROVIDING FOR BIKE PARKING AS WELL.

CONTINUED FOCUS ON THIS MIXED USE ENVIRONMENT AND A PARKING MANAGEMENT PLAN FOR THE VARIOUS USES, UH, WILL CONTINUE WITH THE PARKING STUDY AND THE, THE NEGOTIATED AGREEMENTS.

UM, HERE IS, ONCE AGAIN THAT SPECTRA DRIVE REALIGNMENT.

YOU SEE THE PAVING TREATMENT THERE AND HOW IT ORIENTS, UH, AND, AND SHIFTS EAST FROM THE CURRENT ALIGNMENT.

MASTER STREET SCAPE PLAN, ARAPAHOE, UH, REALLY VERY LITTLE CHANGE, UH, MAINTAINING THE EXISTING, UH, STREET TREES AND THEN ENHANCING THE PEDESTRIAN AREA AND PROVIDING APPROPRIATE BUILDING SETBACK, QUORUM, UH, REALLY EXTENDING THIS AND, AND PROVIDING FOR ADDITIONAL LANDSCAPE AND PEDESTRIAN AREA.

AND THEN THE NEW SPECTRUM, UM, STREET

[02:40:01]

SCAPE DESIGN.

WE'LL HAVE A EIGHT FOOT SIDEWALK AND STREET TREES ON BOTH SIDES.

AND THEN THAT OPEN SPACE WILL BE, UH, ON THE EAST SIDE.

UH, HERE'S SOME OF THAT PRECEDENT.

IMAGERY ONCE AGAIN, BIG THING HERE IS THAT PROMINENT GROUND FLOOR RETAIL SPACE.

AND THEN HERE YOU SEE THAT OPEN SPACE AND HOW THE BUILDING REALLY TAKES ITS CUE FROM THE, THE ALIGNMENT OF THAT STREET.

UH, OTHER THINGS RELATED TO SUSTAINABILITY AND PUBLIC ART.

THOSE WILL CONTINUE TO BE REFINED AND NEGOTIATED, UH, WITH THE AGREEMENTS THAT THE TOWN IS PURSUING WITH THE CO-DEVELOPERS.

STAFF DID NOTIFY ADJACENT PROPERTY OWNERS AND D I S D AND UH, UH, SENT OUT 11 NOTICES.

WE HAVE NOT RECEIVED ANY RESPONSES AT THIS TIME.

UH, AND STAFF DOES RECOMMEND APPROVAL, UH, WITH THE CONDITIONS NOTED IN THE STAFF REPORT.

UH, THING TO NOTE IS THE PARK WILL BE DEVELOPED CONCURRENTLY, UH, TO THIS PROJECT, BUT THE DEVELOPMENT PLANS WILL BE BROUGHT FORWARD AFTER THIS PROCESS.

UH, YOU'LL SEE THAT A FUTURE DATE AND IT'LL BE CONSTRUCTED CONCURRENTLY TO THIS BUILDING.

THANK YOU KEN.

UH, ARE THERE ANY QUESTIONS FOR STAFF OR THE APPLICANT? YEAH, WILL YOU GO BACK TO THE SPECTRUM? LIKE COUPLE THERE? YEP.

THERE.

IS THIS A PRIOR DRAWING? BECAUSE THAT SHOWS ACCESS WITH A CAR GOING INTO THE BUILDING HERE, BUT I THOUGHT YOU SAID NO ACCESS OFF THE SPECTRUM.

SO THAT'S A ARCHITECT ERROR.

I WAS GONNA SAY THEN IT SAYS ON THE PLANS THAT'S ACTUALLY MOVING TRUCKS WILL BE ABLE TO MOVE.

THAT'S ACTUALLY SOLID WASTE AND MOVING TRUCKS.

AND THEN THAT COURTYARD THAT IS NEXT TO THE AMENITY LEASING SPACE IS A WALKING COURTYARD, NOT NO PULLING TRAFFIC TO TEMPORARY PARK TO GO IN THE LEASING OFFICE THERE.

CORRECT? CORRECT.

IT'S, THEY HAVE TO GO TO THE GARAGE TO GET INTO THE LEASING SPACE.

DO WE HAVE ANY OTHER QUESTIONS? ALL RIGHT, WE'LL OPEN UP THE PUBLIC MEETING.

UM, OH, I DO HAVE ONE LAST ONE.

SORRY.

CAN I JUMP IN? GO AHEAD.

WHAT, WHAT'S RENTS? IS THIS 1 2 60? SO ARE YOU GONNA HAVE THREE TIERS, ULMAN THE YES OR IS THIS ONE GONNA COMPETE WITH NO, IT'S DEAR YOU, YOU NAILED IT.

GOOD, THANK YOU.

SO WE'LL OPEN THE PUBLIC MEETING.

THERE'S, UH, NO ONE, NO ONE HAS REQUESTED TO SPEAK.

SO WE WILL CLOSE THE PUBLIC MEETING, UM, AND ENTERTAIN A MOTION.

YOU MOVE TO APPROVE CASE 1875 Z MULTI-FAMILY MID-RISE LOT ONE BLOCK B OUTTA THE CIRCUM STATION PHASE ONE WITH THE CONDITIONS RECOMMENDED BY SECOND.

SECOND.

THOSE IN FAVOR? AYE.

OPPOSED? MOTION CARRIES.