The document describes a proposed mixed-use development called DoveTail Project. It will include 220 residential units, 17 retail spaces totaling 91,000 square feet, and 91,000 square feet of office space across 10 stories. The development aims to be LEED Gold certified and will include amenities like a courtyard, bike racks, and proximity to public transit. Financial projections estimate $15.8 million in profits with residential units selling between $292,000-$462,000 and retail/office space valued at $33.8 million and $53.8 million respectively.

1. Fit Together Easily.

2. Fit Together Easily220 Residential Units17 Retail Spaces91K sqft Office SpacesLEED Gold

3. TimelinePurposeDoveTailPricing & AnalysisReturnsOverviewGoalsPricingInvestmentsConstructionConsumerProfitsResidentialMarketing Retail / OfficeCulture

4. TimelinePurposeDoveTailReturnsPricing & AnalysisOverviewGoalsPricingInvestmentsConstructionConsumerProfitsResidentialMarketing Retail / OfficeCulture

5. PurposePeopleProfitCommunityEnvironmentRetail Services for StudentsAchieve LEED GoldSelf-Sustaining CommunityShort-Timeline for ExitEnhance Public TransportationSustainable Long TermCreate Sense of PlaceHigh Price per Sq FtEnhance Space with GreeneryLive, Work, Eat, PlayProvide Public SpaceSell-Ability

6. TimelinePurposeDoveTailPricing & AnalysisReturnsOverviewGoalsPricingInvestmentsConstructionConsumerProfitsResidentialMarketing Retail / OfficeCulture

7. DoveTail Project

8. Construction87,000 SqFt SiteDecember 2014March 201110 StoriesBus Stop85% SCRBike RacksSunny CourtyardPre-ConstructionMar 11 – Feb 12ConstructionMar 12 – Feb 14Sales/LeasingMar 14 – Dec 14University Ave

9. Residential

10. Residential220 Units170 2BDR50 1BDR950-1050 Sq Ft650-750 Sq Ft$418,000 - $462,000$292,000 - $337,000330 Parking Stalls$80.9M Revenue

11. Residential2BR 1100 SqFt1BR 700 SqFt2BR 900 SqFt2BR 1100 SqFt

12. Retail & OfficeRetail OneRetail TwoRetail Three$2.2M NOI, 145 Parking Stalls

13. Retail & OfficeRetail One18,000 sq.ftFrontage on University AvenueHigh vehicle and foot trafficFast-food / take-out retailersBus stop

14. Retail & OfficeRetail OneRetail TwoRetail Three

15. Retail & OfficeRetail Two12,300 sq.ftCourtyard with Public SpaceLounge SeatingProtection from street noiseAccessible from side streets

16. Retail & OfficeRetail OneRetail TwoRetail Three

17. Retail & OfficeRetail Three18,000 sq.ftAccessible from side streetsIncreased amenitiesLarge tenants

18. Office

19. Office273 Parking StallsNOI $3.45M91,092 SF over 2 FloorsEase of accessProximity to public transitOn-site shower facilities for bike commutersGym for employee use Incentive membership planGreen building LT cost savings

20. SustainabilityLEED GoldSustainable Site Alternative Transportation Green RoofWater Efficiency Recycled water, and Low flow appliancesRecycled Materials & Waste Management during Construction and Demolition. Environmental Quality  maximize daylight, views, and open space ventilation.

21. SustainabilityBike RacksGreen RoofBus Stop2 minute walk or less for residents, shoppers, and employeesCommunal access to urban agriculture and therapeutic gardeningWater capture, reduced Heat Island EffectEase of access for retail users and office commuters

22. CultureCourtyardTenant Mix to Promote SittingPublic SeatingCollaboration with the UniversitySunlightUniversity ArtTenants: No obnoxious smells, late hours, etc.

23. SynergiesWorkLiveShop Retail for both commuters, workers, residentsMinimize CannibalizationLeverage University Community and livelinessTransportation hubs near retailAbility to live fully in Community, low barriers to external

24. TimelinePurposeDoveTailPricing & AnalysisReturnsOverviewGoalsPricingInvestmentsConstructionConsumerProfitsResidentialMarketing Retail / OfficeCulture

25. Pricing - Consumer25-32$94,000 (2013)Urban, LocalEmerging Tech / LawMedian Affordable $333,000Average Affordable $408,0002BR $418-462K1BR $292-337KMedian Salary $81,400Average Salary $94,000

26. Marketing StrategiesHire ExternalEnable PublicEnable RealtorsSynergiesUniversity Link

27. TimelinePurposeDoveTailPricing & AnalysisReturnsOverviewGoalsPricingInvestmentsConstructionConsumerProfitsResidentialMarketing Retail / OfficeSustainability

28. Deal StructureDeveloper - $5MEquity - $15.6MMezzanine- $20MCons. Loan - $125M$3.99M (20.16% IRR)$1.92M (12% Int)$12M (33% IRR)$7.6M (4.2% Int)

29. Financial Performance$15.8M ProfitRetail Value $33.8MOffice Value $53.8MBefore Tax Return on Equity=79.77%Equity IRR= 20.16%Residential Value $80.9MAfter TaxReturn on Equity=57.03%Equity IRR= 15.15%TOTAL COSTS$151.2MTOTAL VALUE$167.8M

30. Conclusion

31. Thank You!HERBERTS | HVIDSTEN | SMYTH | WOLANSKI | BARNARD | WEISS

32. Appendices

33. Appendices

34. Appendices

35. Appendices

36. Appendices

37. Appendices