Artisan's Asylum Social Hour, February 20, 2020
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Where we explore the options for our future home in Allston.
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Artisan's Asylum Social Hour, February 20, 2020
- 1. A2 SOCIAL HOUR February 20, 2020
- 2. WELCOME SHS FIRST Robotics New members Props and thanks Recent upgrades Upcoming changes Future search
- 3. SHS FIRST •The team •The mission •At Artisan’s OVERVIEW
- 4. NEW MEMBERS • Who are you, what do you do? • What’s your favorite tool? • And do you have a project you’re working on? WELCOME
- 5. PROPS AND THANKS • Winter Robotics Team • Awesomenauts • Deskies • New Meetups
- 6. FACILITY • Club Automation complete. Thank you Jason and team! • Powder coating oven online; thank you Troy, Jeff! • New timer on spray booth • Non-locking lockers • Exterior lighting, electric boxes • Clearing shelf storage space • SCUL spring clean UPGRADES
- 7. UPCOMING CHANGES • Seeking new Jewelry Shop Lead • Seeking new Ventilated Room Lead • Rafter cleaning, social area (?)
- 8. A2 FUTURES •Artisan’s needs to grow, attract capital •Must improve facility, need partnership •Investment in equipment required •Lease expires 2021, extension unlikely •Somerville increasingly volatile for the arts BACKGROUND
- 9. A2 FUTURES 1. Brickbottom (Somerville) 2. Cambridge Street (Charlestown) 3. Exchange Street (Malden) 4. Pearl Street (Malden) 5. Boston Avenue (Somerville) 6. Winchester Avenue (Medford) …and a dozen that never made the cut. SEARCH THUS FAR
- 12. MALDEN $18.90SF
- 13. MALDEN $23.75SF
- 14. SOMERVILLE PASS
- 15. SOMERVILLE PASS
- 16. A2 FUTURES Status update • LOI has not translated to workable lease • Lack of vision for campus increases risk • Little landlord investment, partnership • Few city resources to support a good deal TYLER STREET
- 17. A2 FUTURES 7. Two warehouse properties, with a third site in 2024 54,500sf total by 2024 ALLSTON
- 21. A2 FUTURES Details • $20sf gross lease (we pay $18 today) • $3M base build budget • $695K tenant improvement allowance • Timeline syncs with Tyler Street ALLSTON
- 22. A2 FUTURES ALLSTON 5 4 3 2 1 5 = Very Positive LOCATION 4 = Positive Medford 11% 77% 11% 3 = Neutral Central Ave 11% 56% 22% 11% 2 = Negative Malden 20% 20% 60% 1 = Very negative Pearl 30% 10% 40% 10% 10% Exchange 40% 30% 20% 10% Allston 46% 33% 20% Campus 47% 53% Favorability Ranking (Among members who visited)
- 23. A2 FUTURES ALLSTON Considerations • Boston: moving into, not farther from, a city with a demonstrable commitment to the arts • Allston: a gritty nexus with creative presence, mixed use and active neighborhoods • Developer: a partner with a vision and mutually agreed benefits • Site: - “Maker campus”: a new narrative - Parking: an amenity within our control - Outdoors: an opportunity for new work
- 24. A2 FUTURES A Very Rough Timeline • Sign LOI week of 2/24/20 • Complete cost estimates, lease 4/30/20 • Design phase through 6/30/20 • Construction phase through 2/28/21 (Concurrent with some tenant fit-up) • Lease commence 6/1/21 (Tenant finishes to 8/30/21) • Complete move, begin rent payment 11/1/21 ALLSTON
- 26. OTHER ITEMS UPCOMING EVENTS • Design Week Boston 3/26-3/31 • Patchup at Latchup (FOSSI) 4/10 • Somerville Open Studios 4/31-5/1 • Boston Calling 5/23-25 • @Party 2020 6/12-6/14
- 27. WHAT’S UP IN YOUR WORLD?