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2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
2014 Focus North Texas Carrollton TOD
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2014 Focus North Texas Carrollton TOD

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Carrollton TOD for APA Focus North Texas

Carrollton TOD for APA Focus North Texas

Published in: Real Estate, Business, Technology
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Transcript

  • 1. Where Connections Happen Peter J. Braster Senior Development Manager
  • 2. Transit System Map Opened 12/2010
  • 3. Square
  • 4. Square
  • 5. Phase 1 98% Leased in 8 months! • 314 Apartments: Phase 1 = 8 Live/Work + 170 apartments Phase 2 = 134 apartments • Twisted Root Restaurant • Parking Garage: 460 spaces which includes 125 municipal spaces • Development Budget: Phase 1 $25,941,667 Phase 2 $10,754,723
  • 6. Carrollton’s 1st Public/ Private Partnership City Participation: $13,233,726 • • • • • $8,050,000 Ground Lease Parking Garage Lease Funded Parking Garage (Include 125 Public Spaces) Public Infrastructure: Utilities, Streets, Streetscape Construction Security Incentive Refunded with Interest 1 year early • 50 / 50 Profit Share • Expect Profit return by 2015
  • 7. 5/31/11
  • 8. 8/2/12
  • 9. Union at Carrollton Square Phase 2
  • 10. Union at Carrollton Square Phase 2
  • 11. Transit System Map
  • 12. Trinity Mills Transit District is the #1 TOD Development Opportunity in North Texas with 25.5 acres of developable land owned by the City of Carrollton and Dallas Area Rapid Transit.
  • 13. Master Developer To Be Announced Soon!
  • 14. DART System Map
  • 15. Lessons Learned
  • 16. Who is the Right Developer?
  • 17. Who is the Right Developer? It could be a great team of firms.
  • 18. Who is the Right Developer? It could be a great team of people.
  • 19. Who is the Right Developer? It could be a big name.
  • 20. Who is the Right Developer? You will know them when you see them. Some things to consider: • Make sure the bench is deep. Your deal is with the firm not the person. • Are they a Merchant Developer? Build and sell. • Are they in it for the Long Haul? Build and hold.

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