Nniod Project Information & Pics Show

Town of Davidson

Home of Davidson College - Founded 1837

College Students 2008 – 1,700

2008 Town Population Estimate – 9,099

Year Town Incorporated – 1879

Copyright 2008 Boone Communities, Douglas Boone

New Neighborhood in Old Davidson Information

82 acres – 1 mile from Main Street, Davidson

131 single family detached homes

139 attached townhomes

31 garage apartments

9 estate size lots (undeveloped)

2 workplace units (8 offices, 6,970 sq. ft.)

St. Alban’s Episcopal Church (15,000 sq. ft. with 175 to 200-seat sanctuary that can be expanded to 45,000 on 6.25 AC)

24 % open space that incl 7 town parks on 14 ac

Detailed facts at end of slide show

Site Plan

Was

Amended

Six Times

During

Development

Phase

St. Alban’s Episcopal Church Built 2001

Owner/Developer: Boone Communities/Davidson, LLC - Boone Communities, Manager, Davidson, NC Master Planner/Architect - Dover, Kohl & Partners, South Miami, FL Landscape Architect - Turnbull Sigmon Design, Charlotte, NC Home Builders: The Cunnane Group, Inc., Charlotte, NC David Weekley Homes, Charlotte, NC Custom Home Builder – George Ford Builder Custom Home Builder – John Marshall Custom Homes Key Consultants: Consulting Architect, Residential Design - James Wentling / Architects, Philadelphia, PA Environmental Consultant - H abitat A ssessment R estoration P rotection, Charlotte, NC Consultanting Arborist - Heartwood Tree Service, Charlotte, NC Market Research & Strategy - Newton Graham Consultants, Charlotte, NC Market Research – Zimmerman / Volk Assoc, Inc., Clinton, NJ Marketing/Creative - Bizzell Design, Davidson, NC Marketing/Communications - Maxx Communications, Davidson, NC Copyright 2008 Boone Communities, Douglas Boone

Description of project: Davidson, NC was named after Davidson College one of the nation’s top liberal arts colleges with approximately 1,700 students. Located on Main Street near stores, library and Post Office, the architecture of the college’s old buildings and trees present the picture of the quintessential small college town and was recently described as one of the “new Ivy League” colleges. One mile from Main Street, the New Neighborhood is adjacent to older Davidson with its homes built from the turn of the twentieth century through 1950. Making the New Neighborhood part of older Davidson was one of the developer and town’s major objectives. St. Alban’s Episcopal Church built in the classical Anglican style is one of the first things encountered when entering the New Neighborhood creating a perception that the New Neighborhood has been there a long time. The neighborhood includes townhomes, single-family homes and eight offices for rent. Although the town now wishes the New Neighborhood had a coffee shop the town did not approve any retail uses. Copyright 2008 Boone Communities, Douglas Boone

Description of project (continued): About twenty-two percent of the land has been designated open space including a 100-foot wide natural gas transmission line right-of-way bisecting the property that connects seven parks totaling fourteen acres to be owned and maintained by the town. The New Neighborhood has attracted demographically diverse buyers of all ages with one thing in common, they want to live in Davidson and the New Neighborhood for what they perceive to be a higher quality of life. After they move-in, their experience confirms their quality of life expectations, which reinforces their enthusiasm about living in the New Neighborhood and Davidson. Town residents felt subdivision names separate neighborhoods from neighbors and surroundings. In order to create perception the new neighborhood was part of older Davidson, the developer and marketing consultants created a name that was a description of the desired outcome: “A New Neighborhood in Old Davidson”. REALTORS confirmed the strategy worked by identifying the neighborhood in MLS as “Old Davidson”. Copyright 2008 Boone Communities, Douglas Boone

Description of project (continued): Homeowners appear to be sinking roots, getting involved with their neighbors and participating in the many civic, recreational and cultural opportunities within the town. About ten percent of the homeowners living in the New Neighborhood have joined St. Alban’s Episcopal Church. Almost every single-family home and many townhomes has a front porch All homes are located twenty to thirty feet from the street Sidewalks and street trees parallel both sides of every street creating an explicit invitation to get out and meet neighbors including those walking through from adjoining neighborhoods. Copyright 2008 Boone Communities, Douglas Boone

Development Timeline: Public Design Charette: July 1997 Land Development Started: April 1999 Construction of First Homes: February 2000 Sales completion date: December 2005 Copyright 2008 Boone Communities, Douglas Boone

Property size: 82 Acres Total Units: Residential: 279 ea. Commercial: 2 ea. (8 offices) Institutional: 1 (Church) Density/acre: 3.4 residential units per acre Number Units/type/size: 131 ea. – Single-family: 83 ea. – 57 and 65-foot wide lots 27 ea. – Charleston style homes on 54-foot wide lots 4 ea. – One-story homes with rear entry garages on 60-foot wide lots 15 ea. – 80-foot and wider lots 2 ea. – Existing single-family homes (one also designated as Live/Work) 139 ea. – Townhomes fronting on public streets 9 ea. – ¾ AC Estate Lots owned by others for future development 2ea. – Office units (attached to a townhome building) with four offices containing SF leasable area in each unit Copyright 2008 Boone Communities, Douglas Boone

Number Units/type/size (continued): 15,000 SF Church with 175 to 200-seat sanctuary that can be expanded to 45,000 on 6.25 AC Parking: Church - 175 off-street parking spaces The church, eight office tenants and twelve townhome owners share about 25 on-street parking spaces. Each single-family home and townhome has a 2-car garage. All the single-family homes have front-load garages, detached garages or side-load garages on corner lots except for the previously mentioned four lots served by an alley. Other than corner lots side load garages were not permitted. All townhomes have rear load garages accessed off the alley in back on 24-foot wide lots. On-street parking is permitted for visitors and guests throughout the New Neighborhood except for limited restriction to “parking one side only” for some streets. Copyright 2008 Boone Communities, Douglas Boone

Housing product and prices (Years 2003/2004): Copyright 2008 Boone Communities, Douglas Boone $130 - $140 $450K + 3,200 – 5,000 SF Custom Homes $115 - $120 $445K - $455K 3,700 – 3,950 SF Cunnane Group Davidson Series $120 - $128 $339K - $369K 2,720 – 2920 SF Cunnane Group Charleston Style $130 - $140 $259K - $339K 1,900 – 2,300 SF Cunnane Group One Story Homes $95 - $125 $224K -$327K 1,840 – 3,140 SF David Weekley Homes $112 to $148 $229K - $300K 2,032 – 2,102 SF Cunnane Group Townhomes Price/SF Price Size Type

Initial Office tenants: Realtor – Market Properties Mortgage Broker – Main Street Mortgage Art gallery – Breathe Gallery Fine Art Impressions – Museum Quality Giclee P rintmakers Christian children’s literature Cunnane Group - Builder Boone Communities - Developer Office tenants 2008: Soon to be vacant - Sports Marketing (NASCAR) – MCG Sports Museum Quality Giclee P rintmakers – Fine Art Impressions Specialized Text Messaging Tools – FRS Insights General Contractor – Flat Creek Construction Retail Custom Jewelry Headquarters – Jewel Box Architect – j3h architects Copyright 2008 Boone Communities, Douglas Boone

Neighborhood Entries: St. Alban’s Lane & St. Alban’s Square – Cost $102,000 Years 1999 – 2002 Fairview Lane - Cost $35,000 Years 1999 – 2001 Wolfe Street – Cost $31,000 Years 2003 - 2004 Copyright 2008 Boone Communities, Douglas Boone

Amenities: Seven parks designed for people of all ages that have become gathering spots for residents of many town neighborhoods. Still a work in progress the parks include: Caldwell Green - A fenced park for small children that contains a 24-foot by 24-foot sand box and a mound of dirt with a tunnel - Cost $60,000 Years 2000 - 2003 Faulkner Square - A 650-foot long village green with pergolas and benches at each end - Cost $120,000 Years 2000 - 2005 Ashby Park - Trails though newly planted habitat and wetland areas with periodic picnic tables. A lawn area for possible development with horseshoes, badminton, bocce ball, etc. or for a community garden - Cost $72,000 Years 2000 - 2005 Forest Park - A playground with climbing structure, slide and swings – Cost $85,000 Years 2001 - 2005 Copyright 2008 Boone Communities, Douglas Boone

Amenities (continued): The Preserve - A 7.8-acre wooded area with older trees and a hiking trail that will include fenced, one-acre off –leash play area for dogs. Potential community garden – Cost $53,000 Years 2002 - 2005 North Lawn - Cost $31,000 Years 2002 - 2005 South Lawn - Cost $25,000 Years 2002 – 2005 Two lawn areas for unstructured play that double as tee-ball and soccer practice fields for six to eight year old children The church property contains one and one-half acres of open area on the natural gas transmission line right-of-way that crosses the property will be developed with a trail to connect the parks and has room for another soccer practice field and/or recreation field for the church and has room for a cutting garden for the church and a community garden. Copyright 2008 Boone Communities, Douglas Boone

Amenities (continued): Homeowner Association Common Area (partial list): Clemen’s Square & Clemen’s Garden - Cost $66,000 Years 2003 – 2005 Wolfe Park - Cost $10,000 Years 2003 – 2005 Copyright 2008 Boone Communities, Douglas Boone