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From Vision to Reality Storrs Center
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From Vision to Reality Storrs Center

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From Vision to Reality Storrs Center From Vision to Reality Storrs Center Presentation Transcript

  • STORRS CENTER:A PUBLIC-PRIVATE PARTNERSHIP
  • Where is Storrs Center?Located at the heart of the Mansfield and UConn community
  • What is Storrs Center?An exciting and eclectic mix of cafés, restaurants, shops andservices
  • What is Storrs Center?A great place to live, work, learn and play
  • Master Plan Summary• Mixed use development: 17 acres - Residential development: 700-800 units - Retail/Restaurant: 150,000-200,000 sq. ft. (est. 75 spaces) - Commercial/office: 40,000-75,000 sq. ft. - Civic/community: 5,000-25,000 sq. ft. - Town square - Structured parking - New “Main Street”• Preserved open space: 24 acres
  • Phases 1A/1B Phase 1A Approximately27,000 SF Commercial 127 Apartments Phase 1B Approximately 42,000 SF Commercial 160 Apartments
  • Construction Progress – 1 Dog LaneNOW OPEN!Froyoworld, Subway 127 apartments in Phase 1A opened for occupancy on August 15th
  • Construction Progress – 9 Dog LaneNOW OPEN!Storrs Automotive(11 Dog Lane)Body Language, SelectPhysical Therapy, Skora’sBarber Styling Shop, andTravel Planners, Bank ofAmerica (all in 9 DogLane)
  • Construction Progress – GarageNOW OPEN!380 spaces of the 660space public garage arenow open for use
  • Phase 1A Opening in the coming months:1 DOG LANE 9 DOG LANEDog Lane Café Geno’s GrillInsomnia Cookies Husky PizzaMoe’s Southwest Grill Sweet Emotions CandyMooyah Burgers & Fries
  • Phase 1BPhase 1B is scheduled to open in August 2013. Itwill include residential apartments on the upperfloors and commercial spaces on the first floor,including a new, additional location of the UConnCo-op.
  • Why a P3?• Mixed use, New Urbanism-style development – a true town center o Walkable downtown near key civic uses: High School, Community Center, Post Office, Town Hall• Sustainability and intelligent land use principles o Build on smaller footprint with structured parking o Connect to existing utilities o Upgrade wetlands; preserved open space
  • Why a P3?• Leverage and financing o Public sector needs private investment and capital o Private sector needs public investment in infrastructure to make the pro forma work
  • The P3: Roles and Storrs Responsibilities The Center Alliance and EdR: Developers• Construct, own, maintain and manage private improvements• $63M investment in Phases 1A/1B; est. $220M for all phases• $3M contribution to public infrastructure• Marketing and communication
  • The P3: Roles and Storrs Responsibilities The Center Alliance and EdR: Developers• Manage shared parking facilities for initial 7-year term
  • The P3: Roles and Responsibilities University of Connecticut• Sell property to the developer• Relocate key facilities• Project coordination• Provide sewer and water
  • The P3: Roles and Responsibilities Town of Mansfield• Adopt Special Design District to streamline permitting• Construct, own and maintain public improvements o Parking garage and intermodal transportation center o Streetscape improvements o Town square o Funded via $25M in grants and $3M tax abatement• Planning, grant administration and project management• Permitting and code enforcement• Provide municipal services to completed phases o Public safety, public works, other
  • The P3: Roles and Responsibilities Mansfield Downtown Partnership• Project coordination and oversight • Marketing and communications• Community consensus-building • Event Planning• Grant-writing and administration - Received over $25M in state and federal grants • Future role: Managing the downtown
  • Lessons Learned• Select partners who share your vision• Create the plan together-if you plan it, they will not necessarily build it• Conduct your due diligence – use the best talent you or your developer can afford• Negotiate fair, workable agreements and contracts where each partner has exposure in an area that is critical to them• Use project revenues to finance municipal costs
  • Lessons Learned• Build a support group and keep them engaged• Promote the project and educate the public• Patience is a virtue – keep the faith & stick to your vision• Prepare to be challenged and have fun!
  • For More Information Matthew Hart, Town Manager Town of Mansfield 860.429.3336 hartmw@mansfieldct.org www.mansfieldct.gov Cynthia van Zelm, Executive Director Mansfield Downtown Partnership 860.429.2740 vanzelmca@mansfieldct.org www.mansfieldct.org/mdp
  • www.StorrsCenter.com
  • STORRS CENTER: A PUBLIC-PRIVATE PARTNERSHIP FROM VISION . . . TO REALITY
  • Town of Mansfield
  • Storrs Center Concept Plan
  • Phases 1A/1B Phase 1A Approximately27,000 SF Commercial 127 Apartments Phase 1B Approximately 42,000 SF Commercial 160 Apartments