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Planning, Design + Development
GRACE & HEBERT
ARCHITECTS
BRAILSFORD &
DUNLAVEY
WALKER PARKING
Community Update
August 6, 2012
Steve Waller, 578-5388
Executive Director
Market/
Program
Concept
Development
Concept
Exploration
Documentation
LSU Nicholson Gateway Plan
Spring Early
Summer
Late
Summer
Fall
Agenda
Part 1: Goals and Nicholson
a. Development goals
b. Creating a Place
c. Transforming Nicholson
d. Discussion
Part 2: Program Elements
a. Student Housing
b. “Westgate” Center
c. Stadium Plaza
d. Program, Location and Fit
e. Parking
Part 3: Alternative Development Scenarios
a. Test Alternatives– Review and Discussion
b. Score Card Discussion
Scorecard
Rate 1-5 (1 = worst, 5 = best) Alternative 1 Alternative 2 Alternative 3 Comments
D E S I G N
Appropriate Scale and Density of
Development
Fit with Campus
Campus/Community Integration
Quality of Open Space
Development Flexibility
(form and use)
Enhance Game day
Quality of Mixed Use Center
Traffic/Parking Function
Program Synergies
Other?
Other?
MARKET
Satisfy Campus Need
Satisfy Community Need
Highest and Best Use
Phasing
FINANCIALS
Cost
Risk
Return
Nicholson Gateway
Nicholson Gateway
Development Goals
• Improve the quality and use of the
corridor
• Generate money for the University
• Contribute to campus recruitment
for University students, faculty, and
staff
• Support the housing mission –
improve housing offerings,
attract/retain residents,
accommodate growing population
• Enhance the game day experience-
retail/entertainment, improved
environment for tailgating,
convenient parking, etc.
• Create a new center for the campus
and the surrounding community
creating a
place
A SENSE OF ARRIVAL
EXTENDING THE CAMPUS
EXTENDING THE CITY
ENHANCING GAME DAY
ENHANCING EVERYDAY
A NEW CENTER
transforming
Nicholson
•A reason to walk
•A safe walk
•A comfortable walk
•An interesting walk
Why Walk?
Courtesy: Jeff Speck
A Reason
Athens, GA Charlottesville, VA
Burlington, VT Blacksburg, VA
Safe
• Per vehicle mile traveled:
– 40% fewer midblock crashes than
roadway averages.
– 67% fewer roadside crashes than
roadway averages.
Source: Eric Dumbaugh, Texas A&M
Examined lengths of arterials in 3 small metro regions:
Substantial design variation:
 Pedestrian-oriented “livable” streetscape in
downtown core.
 Conventional suburban.
 Suburban/rural transition.
Comfortable
Interesting
Missing Sidewalks
Wide Parking and Lanes
Lack of Enclosure
Automobile Scale
Spotty Tree Canopy
Barren Median
Proportion & Scale
Isolation
Crossing
Opportunity
Walkable
Vertical Enclosure
Scale
Crossing
Opportunities
Activity (Driven By Density)
Change
Diets
Olive Avenue – Palm Beach Atlantic University
Atlanta Richmond
Los Angeles
Atlanta
The Lanes
Richmond
The Middle
Los Angeles
The Edge
Overcoming Barriers-
Nicholson and RR
Rail Road
Nicholson Drive
New Pathways
GREENWAY
NEW
EXISTING
Greenway
Bike Path
Crossing Options
improve
over
under
NEW
EXISTING
RR Crossing Options
?
P
At-Grade
Under
NEW
EXISTING
Current Traffic
Improvement Plans
Nicholson Traffic
Light Options
1. Potential relocation
2. Option 1- light at Chimes
3. Option 2- light at Aster
Aster
W Roosevelt
3
2
1
NEW
EXISTING
Rotary Options- 1, 2 or none
option: 2 lane
traffic circle
Aster
option: 1 or2
lane traffic
circle
option: 1 lane
traffic circle
2 Lane Traffic Circle at Burbank
2 Lane Traffic Circle Chimes
1 Lane Traffic Circle at Chimes
1 Lane Traffic Circle at Aster
Street Car Concept
Center Median
Outside Traffic Lane
Intermodal Station
B
A
C
Integrated with Parking Garage
Surface Parking
69’
EXISTING
Transforming Nicholson Drive
69’
EXISTING
69’
Option 1: 4 lanes with parking, same median
69’
EXISTING
69’
Option 1a: 4 lanes with parking, same median, streetcar
69’
69’
EXISTING
Option 2: 4 lanes, wider median
69’
EXISTING
Option 2a: 4 lanes, wider median, streetcar
69’
69’
EXISTING
Option 2b: 4 lanes, wider median, streetcar
69’
69’
EXISTING
69’
Option 3: 2 lanes, parking, same median
69’
EXISTING
69’
Option 4: 2 lanes, parking, no median
Option 1: 4 lanes, parking, same median
Option 2: 4 lanes, wider median
Nicholson Drive- Alternative Layouts
Option 1a: 4 lanes, parking, same median, streetcar
Option 2a: 4 lanes, wider median, streetcar
Nicholson Drive- Alternative Layouts
Option 3: 2 lanes, parking, same median Option 4: 2 lanes, parking, no median
development
potential
Site Area
Zone1- West of Nicholson
31 ac +/-
Zone 2- East of Nicholson
51 ac +/-
24.4
ac
9.6 ac
6.6 ac 12.0
ac
2.8 ac
21.0
ac
5.7 ac
Preserve Live Oaks
Tree Moving Feasibility
Character Comparison
Technology, Advertising, Image
Nicholson Gateway (107 ac) – LSU
Zone1- West of Nicholson
+/- 22 ac (71%)
Zone 2- East of Nicholson
32 ac +/-
Net Buildable Area
Development Options
Residential North
Mixed Used Center
Residential South
West Parking
VARIABLES
• Building layout/configuration
• Local street layout
• Density
• Use
• Character/configuration of
smaller public spaces
?
?
?
?
?
?
?
?
?
?
?
student housing
Current Campus Context
Housing
• 24% on-campus undergrad capture rate
o Freshmen = 78% (first-time)
o Sophomores = 11.8%
o Juniors = 5.5%
o Seniors = 3.5%
• 18% on-campus graduate capture rate
• Supply: 50% traditional, 12.6% semi-suites, 6.8% suites, 30.6%
apartments
Unit Types
Housing
Traditional Unit Semi-Suite Unit
Unit Types
Housing
Four Bedroom / Two Bathroom Suite
Unit Types
Housing
Four Bedroom / Two Bathroom Apartment
Current Campus Context
Housing
Primary Housing Demand
o Sophomores in High Density Suites or Apartments
o Juniors / Seniors in High Density Apartments
o Graduate / International in Low Density Apartments
o Family / Graduate Low Density Apartments
Financial Analysis
Sophomore Suites
 100 4BR / 2BA super suites with living rooms (400 total
beds)
 Project cost of $162 PSF (assumes wood-frame
construction)
 Programming space includes floor lounges, community
kitchens, meeting space, and seminar rooms
 Project assumes no parking for sophomore students
Tested Rate Type
Private 4BR Suite
Rate (per bed)
Debt Coverage Ratio
(Year 1)
Debt Coverage Ratio
(Year 10)
Current On-Campus Rates $733 0.97x 1.26x
Tested Survey Rates $752 1.01x 1.32x
Financial Analysis
Junior & Senior Apartments
 80 3BR / 2BA units and 40 4BR / 2 BA units (400 total
beds)
 Project cost of $162 PSF (assumes wood-frame
construction)
 Debt Coverage Ratio (DCR) includes $135 per year
parking fee to be collected in addition to rental rates
 Project assumes 0.8 parking spots per student
Tested Rate Type 3BR Rate 4BR Rate
Debt Coverage
Ratio (Year 1)
Debt Coverage
Ratio (Year 10)
Off-Campus Market Rates $662 $596 0.52x 0.68x
Current On-Campus Rates $851 $828 0.91x 1.19x
Tested Survey Rates $851 $828 0.91x 1.19x
Rates Required to Break Even $905 $865 1.00x 1.31x
Financial Analysis
Graduate & International Apartments
 200 1BR / 1BA units and 100 2BR / 2 BA units (400
total beds)
 Project cost of $162 PSF (assumes wood-frame
construction)
 Debt Coverage Ratio (DCR) includes $135 per year
parking fee to be collected in addition to rental rates
 Project assumes 0.5 parking spots per student
Tested Rate Type 1BR Rate 2BR Rate
Debt Coverage
Ratio (Year 1)
Debt Coverage
Ratio (Year 10)
Current On-Campus Rates $670 $625 0.19x 0.25x
Current Off-Campus Rates $993 $732 0.49x 0.64x
Tested Survey Rates $949 $888 0.57x 0.75x
Rates Required to Break Even $1,280 $1,165 1.00x 1.30x
Financial Analysis
Development Summary
 Approximately 400 total beds for each development
scenario
 Construction cost of $125 PSF
 Assumed tested survey rates for each development type
 DCR includes $135 annual parking fee to be collected in
addition to rental rates (except for sophomore suites)
Development Scenario
Debt Coverage
Ratio (Year 1)
Debt
Coverage
Ratio (Year 10)
Total Project
Cost
Project Cost
per Bed
Cash Flow After Debt
Service (Year 1)
Cumulative Cash
Flow After Debt
Service (Year 10)
Sophomore Suites 1.01x 1.32x $24,729,323 $61,823 $19,011 $1,942,849
Junior & Senior Apartments 0.91x 1.19x $30,549,915 $76,375 ($175,628) $685,810
Graduate & International Apartments 0.57x 0.75x $41,081,072 $102,703 ($1,141,061) ($9,168,939)
mixed use
districts
COMPARING CAMPUS
MIXED USE DISTRICTS
Eddy Street Commons
Notre Dame, South Bend, Indiana
Nicholson Gateway (107 ac) – LSU
(Same Scale Comparison)
Site Area- 25 acres
90,000 SF retail
82,000 SF office
450 residential units
120-room hotel
1,400 parking sp..
South Campus Gateway
Nicholson Gateway (107 ac) – LSU
(Same Scale Comparison)
Site Area- 7.5 acres
225,000 SF retail
70,000 SF office
200 residential units
7 screen cinema
1,200 parking sp..
Ohio State University, Columbus, Ohio
Calhoun Street Market Place
Nicholson Gateway (107 ac) – LSU
(Same Scale Comparison)
Site Area- 10 acres
100,000 SF retail
18 Townhome units
300 student APT units
360 condominium units
University of Cincinnati, Cincinnati, Ohio
Technology Square
Nicholson Gateway (107 ac) – LSU
(Same Scale Comparison)
Georgia TECH, Atlanta, Georgia
Site Area- 32 acres
120,000 SF retail
488,000 SF office
208,000 SF R&D
252-room hotel
3,000 parking sp..
Nokia Plaza
Nicholson Gateway (107 ac) – LSU
(Same Scale Comparison)
Plaza /Open Space- 1.9 acres
Site Area- 9.5 acres
Los Angeles, California
AT & T Plaza
Nicholson Gateway (107 ac) – LSU
(Same Scale Comparison)
Plaza /Open Space- 1.4 acres
Site Area- 8.5 acres
American Airline Center, Dallas, Texas
Champions Square
Nicholson Gateway (107 ac) – LSU
(Same Scale Comparison)
Plaza /Open Space- 3.8 acres
Site area- 23.1 acres
Mercedes-Benz Superdome, New Orleans
stadium plaza
Stadium Plaza
Championship Plaza, Current Plans
North Stadium Drive- Pedestrian Plaza
STADIUM PLAZA- FROM 10 TO 52 EVENT DAYS
Current Stadium Events
(7-8) Fall Football Games days (92k+ attendance)
(1) Spring Game day (25k+ attendance)
(2) Bayou County Spring Fest days (45k attendance)
Current Game Day Stadium Plaza Activities
• Tailgating
• Media Support Space
ADD Other Non-Day Plaza Events
• Farmers market
• Concerts
• Festivals
• Outdoor Tournaments (basketball, volleyball, etc.)
• Others?
Stadium Plaza Elements
Stadium Plaza Elements
Stadium Plazas
Champion Square
program,
location and fit
Development Program- Student Housing
Program Elements Market Depth
Financial
Viability
Gateway
Location
Appropriate
(Zone)
Risk Recommendation
Freshman Housing + ++ 2 No
Keep freshmen near campus core (currently
being developed north)
Sophomore Housing - Suite
Style + + 2 Timeline
Develop approx. 200 - 400 beds in Zone 2
location (north)
Sophomore Housing -
Apartments + + - University Policy
Satisfy this demand with existing on-campus
apartments
Junior / Senior Housing -
Apartments + + 1 University Policy
Develop approx. 200 - 400 beds in Zone 1
location
Price Tolerant Graduate
Housing + + 1 No
Develop approx. 100 - 200 beds in Zone 1
location
Price Sensitive Graduate
Housing + - 1 Needs Subsidy
Develop approx. 100 - 200 beds in Zone 1
location
International Student
Housing + -- 1 Needs Subsidy
Develop approx. 100 - 250 beds in Zone 1
location
Family Housing + -- 2 Needs Subsidy
Develop approx. 100 - 200 units in Zone 2
location (south)
Development Program- other
Program Elements
Market
Depth
Financial
Viability
Gateway
Location
Appropriate
(Zone)
Risk Recommendation
Market-rate, For-rent, Non-LSU
Housing o + 1 University Policy
Develop approx. 100 - 400 units in Zone 1
location
Market-rate, For-sale, Non-LSU
Housing o o 2 Market Demand Dependent on Policy and Timing - Zone 1
University Office Space + + 1 University Policy Up to 60,000 SF University related - Zone 1
Commercial Office Space o + 2 Market Demand Up to 40,000 Square Feet - Zone 1
Retail - Restaurants /
Entertainment + + 1 Anchor Tenant Driven
20,000 to 40,000 Square Feet / Zone 1 /
Connectivity to Plaza
Retail - Campus / Convenience + + 1 Market Demand
10,000 to 20,000 Square Feet / Zone 1 /
Connectivity to Plaza
Retail - Community /
Destination o + 1 Anchor Tenant Driven
Up to 30,000 Square Feet / Zone 1 /
Connectivity to Plaza
Retail - Cinema - - ? Saturated Market Unlikely
Hotel / Boutique ? ? ? Future
Zone 1 - Links with scale of adjacent mixed
use activities
Structured Parking - Game day
/ Commuter + + 1 Game day Demand Zone 1
Transportation Hub o o o Policy Decision
Integrated transit can support retail and
commercial development
Plaza + ++ 1 Advertising / Sponsorship
Zone 1 - Programmable plaza space should
be an integral part of project
Museum o -- ? Requires Subsidy Zone 1
Mixed Use Center Program
retail
• 30,000 - 90,000 sf
• 90-360 parking spaces
market rate
housing
• 100 – 400 units (non-
student, market rate)
• 150-800 parking sp..
office
• 60,000 – 100,000 sf
• 180-400 parking sp.
student
housing
• 500-1,000 beds,
apartment style
(could be integrated
or separate from
center)
• 250+ parking spaces
museum
• History museum or
sports hall of fame
• ?? spaces
parking
• Structured parking to
support displaced
parking, commuters
and game day parking
190,000 SF retail/office
400 residential units
500 beds student housing
1,800 parking spaces
Program Location
Preferences
20k office
(3) 1,100 sp.. deck
student suites
student apartments
market rate apartments
retail (including 35k box)
boutique hotel
town houses
student surface parking
Option 2
parking decks located east and west of Nicholson
Findings for zone 1:
• Phase 1 program can generally be
accommodated west of Nicholson.
May be able to land bank the old
Alex Box lot.
• Student housing (suites and
apartments) is best suited along
northern portion of site supported by
surface parking along tracks
• Mixed-use center is best suited to
the southern portion of the site. The
size can vary depending on total
program and the degree to which
student housing is blended
• Best locations for parking decks:
– 1st deck: northwest corner of Nicholson
and Skip Bertman, along the tracks to
support mixed use center
– 2nd deck: south west or south east
corner of Nicholson and Skip Bertman
to provide additional game
day/commuter parking
parking
Mixed Use Center- PARKING
retail
• 30,000 - 90,000 sf
• 90-360 parking
spaces [in central
deck]
market rate housing
• 100 – 400 units (non-
student, market rate)
• 150-800 parking sp..
[in central deck or its
own building]
office
• 60,000 – 100,000 sf
• 180-400 parking sp.
[in central deck]
student
housing
• 500 beds, apartment
style
• 250+ parking spaces
[surface parking]
museum
• History museum or
sports hall of fame
• 260 spaces [offsite]
additional
parking
• Structured parking to
support displaced
parking, commuters
and game day parking
640-1,560 parking spaces
in central deck
replace
250 sp.
Parking- Potential Locations
a. Total parking for new development
(640-1,560 sp..)
b. Residential parking (150-800 sp.)
c. Retail/Commercial parking (270 sp. -
760 sp.)
d. “Lost” Game Day surface parking
(250 sp..) takes over retail/office
parking on game day.
e. Additional game day/ commuter
parking (??)
Max walking distance for residents:
undergrad student ¼ mile
grad student- ½ mile
?
?
?
?
?
2005 Parking and Transportation Master Plan
750 sp.
1,120 sp.
1,100? sp.
5
? sp.
1,166 sp.
alternatives
Alternative 1
• Student housing is arranged in a
series of quads oriented to
Nicholson with surface parking in
rear
• Street grid spaced at 500’ along
Nicholson
• Greenway extension from old
tennis courts creates unified
housing precinct across Nicholson
• Mixed-use center clusters around
plaza oriented to the stadium
view
Alternative 1
Alternative 2
• Student housing is arranged along
a new “main street” running
parallel to Nicholson
• Street grid spaced at 350-400’
along Nicholson
• Greenway extension from old
tennis courts creates unified
housing precinct across Nicholson
• Mixed-use center clusters around
internally focused plaza
Alternative 2
Alternative 3
• Student housing is arranged in a
series of internally focused quads
• Street grid spaced at 700-800’
along Nicholson
• Greenway extension from old
tennis courts creates unified
housing precinct across Nicholson
• Mixed-use center clusters around
plaza oriented to North Stadium
Drive
Alternative 3
Alternative 1- Housing
Alternative 2- Housing
Alternative 3- Housing
Alternative 1- Gateway
Alternative 2- Gateway
Alternative 3- Gateway
Alternative 1 – Westgate Center
Alternative 1 – Westgate Center
Alternative 2 – Westgate Center
Alternative 2 – Westgate Center
Alternative 3 – Westgate Center
Alternative 3 – Westgate Center
discussion
Scorecard
Rate 1-5 (1 = worst, 5 = best) Alternative 1 Alternative 2 Alternative 3 Comments
D E S I G N
Appropriate Scale and Density of
Development
Fit with Campus
Campus/Community Integration
Quality of Open Space
Development Flexibility
(form and use)
Enhance Game day
Quality of Mixed Use Center
Traffic/Parking Function
Program Synergies
Other?
Other?
MARKET
Satisfy Campus Need
Satisfy Community Need
Highest and Best Use
Phasing
FINANCIALS
Cost
Risk
Return

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Lsu alts 07.19.12

  • 1. Planning, Design + Development GRACE & HEBERT ARCHITECTS BRAILSFORD & DUNLAVEY WALKER PARKING Community Update August 6, 2012 Steve Waller, 578-5388 Executive Director
  • 3. Agenda Part 1: Goals and Nicholson a. Development goals b. Creating a Place c. Transforming Nicholson d. Discussion Part 2: Program Elements a. Student Housing b. “Westgate” Center c. Stadium Plaza d. Program, Location and Fit e. Parking Part 3: Alternative Development Scenarios a. Test Alternatives– Review and Discussion b. Score Card Discussion
  • 4. Scorecard Rate 1-5 (1 = worst, 5 = best) Alternative 1 Alternative 2 Alternative 3 Comments D E S I G N Appropriate Scale and Density of Development Fit with Campus Campus/Community Integration Quality of Open Space Development Flexibility (form and use) Enhance Game day Quality of Mixed Use Center Traffic/Parking Function Program Synergies Other? Other? MARKET Satisfy Campus Need Satisfy Community Need Highest and Best Use Phasing FINANCIALS Cost Risk Return
  • 6. Nicholson Gateway Development Goals • Improve the quality and use of the corridor • Generate money for the University • Contribute to campus recruitment for University students, faculty, and staff • Support the housing mission – improve housing offerings, attract/retain residents, accommodate growing population • Enhance the game day experience- retail/entertainment, improved environment for tailgating, convenient parking, etc. • Create a new center for the campus and the surrounding community
  • 8. A SENSE OF ARRIVAL
  • 15.
  • 16. •A reason to walk •A safe walk •A comfortable walk •An interesting walk Why Walk? Courtesy: Jeff Speck
  • 18. Athens, GA Charlottesville, VA Burlington, VT Blacksburg, VA
  • 19. Safe
  • 20.
  • 21.
  • 22. • Per vehicle mile traveled: – 40% fewer midblock crashes than roadway averages. – 67% fewer roadside crashes than roadway averages. Source: Eric Dumbaugh, Texas A&M Examined lengths of arterials in 3 small metro regions: Substantial design variation:  Pedestrian-oriented “livable” streetscape in downtown core.  Conventional suburban.  Suburban/rural transition.
  • 24.
  • 25.
  • 26.
  • 27.
  • 36.
  • 38. Scale
  • 42. Diets
  • 43.
  • 44. Olive Avenue – Palm Beach Atlantic University
  • 49. Overcoming Barriers- Nicholson and RR Rail Road Nicholson Drive
  • 54. Nicholson Traffic Light Options 1. Potential relocation 2. Option 1- light at Chimes 3. Option 2- light at Aster Aster W Roosevelt 3 2 1 NEW EXISTING
  • 55. Rotary Options- 1, 2 or none option: 2 lane traffic circle Aster option: 1 or2 lane traffic circle option: 1 lane traffic circle
  • 56. 2 Lane Traffic Circle at Burbank
  • 57. 2 Lane Traffic Circle Chimes
  • 58. 1 Lane Traffic Circle at Chimes
  • 59. 1 Lane Traffic Circle at Aster
  • 60. Street Car Concept Center Median Outside Traffic Lane
  • 61. Intermodal Station B A C Integrated with Parking Garage Surface Parking
  • 63. 69’ EXISTING 69’ Option 1: 4 lanes with parking, same median
  • 64. 69’ EXISTING 69’ Option 1a: 4 lanes with parking, same median, streetcar
  • 65. 69’ 69’ EXISTING Option 2: 4 lanes, wider median
  • 66. 69’ EXISTING Option 2a: 4 lanes, wider median, streetcar 69’
  • 67. 69’ EXISTING Option 2b: 4 lanes, wider median, streetcar 69’
  • 68. 69’ EXISTING 69’ Option 3: 2 lanes, parking, same median
  • 69. 69’ EXISTING 69’ Option 4: 2 lanes, parking, no median
  • 70. Option 1: 4 lanes, parking, same median Option 2: 4 lanes, wider median Nicholson Drive- Alternative Layouts Option 1a: 4 lanes, parking, same median, streetcar Option 2a: 4 lanes, wider median, streetcar
  • 71. Nicholson Drive- Alternative Layouts Option 3: 2 lanes, parking, same median Option 4: 2 lanes, parking, no median
  • 73. Site Area Zone1- West of Nicholson 31 ac +/- Zone 2- East of Nicholson 51 ac +/- 24.4 ac 9.6 ac 6.6 ac 12.0 ac 2.8 ac 21.0 ac 5.7 ac
  • 75. Tree Moving Feasibility Character Comparison Technology, Advertising, Image Nicholson Gateway (107 ac) – LSU
  • 76. Zone1- West of Nicholson +/- 22 ac (71%) Zone 2- East of Nicholson 32 ac +/- Net Buildable Area
  • 77. Development Options Residential North Mixed Used Center Residential South West Parking VARIABLES • Building layout/configuration • Local street layout • Density • Use • Character/configuration of smaller public spaces ? ? ? ? ? ? ? ? ? ? ?
  • 79. Current Campus Context Housing • 24% on-campus undergrad capture rate o Freshmen = 78% (first-time) o Sophomores = 11.8% o Juniors = 5.5% o Seniors = 3.5% • 18% on-campus graduate capture rate • Supply: 50% traditional, 12.6% semi-suites, 6.8% suites, 30.6% apartments
  • 81. Unit Types Housing Four Bedroom / Two Bathroom Suite
  • 82. Unit Types Housing Four Bedroom / Two Bathroom Apartment
  • 83. Current Campus Context Housing Primary Housing Demand o Sophomores in High Density Suites or Apartments o Juniors / Seniors in High Density Apartments o Graduate / International in Low Density Apartments o Family / Graduate Low Density Apartments
  • 84. Financial Analysis Sophomore Suites  100 4BR / 2BA super suites with living rooms (400 total beds)  Project cost of $162 PSF (assumes wood-frame construction)  Programming space includes floor lounges, community kitchens, meeting space, and seminar rooms  Project assumes no parking for sophomore students Tested Rate Type Private 4BR Suite Rate (per bed) Debt Coverage Ratio (Year 1) Debt Coverage Ratio (Year 10) Current On-Campus Rates $733 0.97x 1.26x Tested Survey Rates $752 1.01x 1.32x
  • 85. Financial Analysis Junior & Senior Apartments  80 3BR / 2BA units and 40 4BR / 2 BA units (400 total beds)  Project cost of $162 PSF (assumes wood-frame construction)  Debt Coverage Ratio (DCR) includes $135 per year parking fee to be collected in addition to rental rates  Project assumes 0.8 parking spots per student Tested Rate Type 3BR Rate 4BR Rate Debt Coverage Ratio (Year 1) Debt Coverage Ratio (Year 10) Off-Campus Market Rates $662 $596 0.52x 0.68x Current On-Campus Rates $851 $828 0.91x 1.19x Tested Survey Rates $851 $828 0.91x 1.19x Rates Required to Break Even $905 $865 1.00x 1.31x
  • 86. Financial Analysis Graduate & International Apartments  200 1BR / 1BA units and 100 2BR / 2 BA units (400 total beds)  Project cost of $162 PSF (assumes wood-frame construction)  Debt Coverage Ratio (DCR) includes $135 per year parking fee to be collected in addition to rental rates  Project assumes 0.5 parking spots per student Tested Rate Type 1BR Rate 2BR Rate Debt Coverage Ratio (Year 1) Debt Coverage Ratio (Year 10) Current On-Campus Rates $670 $625 0.19x 0.25x Current Off-Campus Rates $993 $732 0.49x 0.64x Tested Survey Rates $949 $888 0.57x 0.75x Rates Required to Break Even $1,280 $1,165 1.00x 1.30x
  • 87. Financial Analysis Development Summary  Approximately 400 total beds for each development scenario  Construction cost of $125 PSF  Assumed tested survey rates for each development type  DCR includes $135 annual parking fee to be collected in addition to rental rates (except for sophomore suites) Development Scenario Debt Coverage Ratio (Year 1) Debt Coverage Ratio (Year 10) Total Project Cost Project Cost per Bed Cash Flow After Debt Service (Year 1) Cumulative Cash Flow After Debt Service (Year 10) Sophomore Suites 1.01x 1.32x $24,729,323 $61,823 $19,011 $1,942,849 Junior & Senior Apartments 0.91x 1.19x $30,549,915 $76,375 ($175,628) $685,810 Graduate & International Apartments 0.57x 0.75x $41,081,072 $102,703 ($1,141,061) ($9,168,939)
  • 90. Eddy Street Commons Notre Dame, South Bend, Indiana Nicholson Gateway (107 ac) – LSU (Same Scale Comparison) Site Area- 25 acres 90,000 SF retail 82,000 SF office 450 residential units 120-room hotel 1,400 parking sp..
  • 91. South Campus Gateway Nicholson Gateway (107 ac) – LSU (Same Scale Comparison) Site Area- 7.5 acres 225,000 SF retail 70,000 SF office 200 residential units 7 screen cinema 1,200 parking sp.. Ohio State University, Columbus, Ohio
  • 92. Calhoun Street Market Place Nicholson Gateway (107 ac) – LSU (Same Scale Comparison) Site Area- 10 acres 100,000 SF retail 18 Townhome units 300 student APT units 360 condominium units University of Cincinnati, Cincinnati, Ohio
  • 93. Technology Square Nicholson Gateway (107 ac) – LSU (Same Scale Comparison) Georgia TECH, Atlanta, Georgia Site Area- 32 acres 120,000 SF retail 488,000 SF office 208,000 SF R&D 252-room hotel 3,000 parking sp..
  • 94. Nokia Plaza Nicholson Gateway (107 ac) – LSU (Same Scale Comparison) Plaza /Open Space- 1.9 acres Site Area- 9.5 acres Los Angeles, California
  • 95. AT & T Plaza Nicholson Gateway (107 ac) – LSU (Same Scale Comparison) Plaza /Open Space- 1.4 acres Site Area- 8.5 acres American Airline Center, Dallas, Texas
  • 96. Champions Square Nicholson Gateway (107 ac) – LSU (Same Scale Comparison) Plaza /Open Space- 3.8 acres Site area- 23.1 acres Mercedes-Benz Superdome, New Orleans
  • 100. North Stadium Drive- Pedestrian Plaza
  • 101. STADIUM PLAZA- FROM 10 TO 52 EVENT DAYS Current Stadium Events (7-8) Fall Football Games days (92k+ attendance) (1) Spring Game day (25k+ attendance) (2) Bayou County Spring Fest days (45k attendance) Current Game Day Stadium Plaza Activities • Tailgating • Media Support Space ADD Other Non-Day Plaza Events • Farmers market • Concerts • Festivals • Outdoor Tournaments (basketball, volleyball, etc.) • Others?
  • 104.
  • 105.
  • 108. Development Program- Student Housing Program Elements Market Depth Financial Viability Gateway Location Appropriate (Zone) Risk Recommendation Freshman Housing + ++ 2 No Keep freshmen near campus core (currently being developed north) Sophomore Housing - Suite Style + + 2 Timeline Develop approx. 200 - 400 beds in Zone 2 location (north) Sophomore Housing - Apartments + + - University Policy Satisfy this demand with existing on-campus apartments Junior / Senior Housing - Apartments + + 1 University Policy Develop approx. 200 - 400 beds in Zone 1 location Price Tolerant Graduate Housing + + 1 No Develop approx. 100 - 200 beds in Zone 1 location Price Sensitive Graduate Housing + - 1 Needs Subsidy Develop approx. 100 - 200 beds in Zone 1 location International Student Housing + -- 1 Needs Subsidy Develop approx. 100 - 250 beds in Zone 1 location Family Housing + -- 2 Needs Subsidy Develop approx. 100 - 200 units in Zone 2 location (south)
  • 109. Development Program- other Program Elements Market Depth Financial Viability Gateway Location Appropriate (Zone) Risk Recommendation Market-rate, For-rent, Non-LSU Housing o + 1 University Policy Develop approx. 100 - 400 units in Zone 1 location Market-rate, For-sale, Non-LSU Housing o o 2 Market Demand Dependent on Policy and Timing - Zone 1 University Office Space + + 1 University Policy Up to 60,000 SF University related - Zone 1 Commercial Office Space o + 2 Market Demand Up to 40,000 Square Feet - Zone 1 Retail - Restaurants / Entertainment + + 1 Anchor Tenant Driven 20,000 to 40,000 Square Feet / Zone 1 / Connectivity to Plaza Retail - Campus / Convenience + + 1 Market Demand 10,000 to 20,000 Square Feet / Zone 1 / Connectivity to Plaza Retail - Community / Destination o + 1 Anchor Tenant Driven Up to 30,000 Square Feet / Zone 1 / Connectivity to Plaza Retail - Cinema - - ? Saturated Market Unlikely Hotel / Boutique ? ? ? Future Zone 1 - Links with scale of adjacent mixed use activities Structured Parking - Game day / Commuter + + 1 Game day Demand Zone 1 Transportation Hub o o o Policy Decision Integrated transit can support retail and commercial development Plaza + ++ 1 Advertising / Sponsorship Zone 1 - Programmable plaza space should be an integral part of project Museum o -- ? Requires Subsidy Zone 1
  • 110. Mixed Use Center Program retail • 30,000 - 90,000 sf • 90-360 parking spaces market rate housing • 100 – 400 units (non- student, market rate) • 150-800 parking sp.. office • 60,000 – 100,000 sf • 180-400 parking sp. student housing • 500-1,000 beds, apartment style (could be integrated or separate from center) • 250+ parking spaces museum • History museum or sports hall of fame • ?? spaces parking • Structured parking to support displaced parking, commuters and game day parking 190,000 SF retail/office 400 residential units 500 beds student housing 1,800 parking spaces
  • 112. 20k office (3) 1,100 sp.. deck student suites student apartments market rate apartments retail (including 35k box) boutique hotel town houses student surface parking Option 2 parking decks located east and west of Nicholson
  • 113. Findings for zone 1: • Phase 1 program can generally be accommodated west of Nicholson. May be able to land bank the old Alex Box lot. • Student housing (suites and apartments) is best suited along northern portion of site supported by surface parking along tracks • Mixed-use center is best suited to the southern portion of the site. The size can vary depending on total program and the degree to which student housing is blended • Best locations for parking decks: – 1st deck: northwest corner of Nicholson and Skip Bertman, along the tracks to support mixed use center – 2nd deck: south west or south east corner of Nicholson and Skip Bertman to provide additional game day/commuter parking
  • 115. Mixed Use Center- PARKING retail • 30,000 - 90,000 sf • 90-360 parking spaces [in central deck] market rate housing • 100 – 400 units (non- student, market rate) • 150-800 parking sp.. [in central deck or its own building] office • 60,000 – 100,000 sf • 180-400 parking sp. [in central deck] student housing • 500 beds, apartment style • 250+ parking spaces [surface parking] museum • History museum or sports hall of fame • 260 spaces [offsite] additional parking • Structured parking to support displaced parking, commuters and game day parking 640-1,560 parking spaces in central deck
  • 117. Parking- Potential Locations a. Total parking for new development (640-1,560 sp..) b. Residential parking (150-800 sp.) c. Retail/Commercial parking (270 sp. - 760 sp.) d. “Lost” Game Day surface parking (250 sp..) takes over retail/office parking on game day. e. Additional game day/ commuter parking (??) Max walking distance for residents: undergrad student ¼ mile grad student- ½ mile ? ? ? ? ?
  • 118. 2005 Parking and Transportation Master Plan 750 sp. 1,120 sp. 1,100? sp. 5 ? sp. 1,166 sp.
  • 120. Alternative 1 • Student housing is arranged in a series of quads oriented to Nicholson with surface parking in rear • Street grid spaced at 500’ along Nicholson • Greenway extension from old tennis courts creates unified housing precinct across Nicholson • Mixed-use center clusters around plaza oriented to the stadium view
  • 122. Alternative 2 • Student housing is arranged along a new “main street” running parallel to Nicholson • Street grid spaced at 350-400’ along Nicholson • Greenway extension from old tennis courts creates unified housing precinct across Nicholson • Mixed-use center clusters around internally focused plaza
  • 124. Alternative 3 • Student housing is arranged in a series of internally focused quads • Street grid spaced at 700-800’ along Nicholson • Greenway extension from old tennis courts creates unified housing precinct across Nicholson • Mixed-use center clusters around plaza oriented to North Stadium Drive
  • 132. Alternative 1 – Westgate Center
  • 133. Alternative 1 – Westgate Center
  • 134. Alternative 2 – Westgate Center
  • 135. Alternative 2 – Westgate Center
  • 136. Alternative 3 – Westgate Center
  • 137. Alternative 3 – Westgate Center
  • 139. Scorecard Rate 1-5 (1 = worst, 5 = best) Alternative 1 Alternative 2 Alternative 3 Comments D E S I G N Appropriate Scale and Density of Development Fit with Campus Campus/Community Integration Quality of Open Space Development Flexibility (form and use) Enhance Game day Quality of Mixed Use Center Traffic/Parking Function Program Synergies Other? Other? MARKET Satisfy Campus Need Satisfy Community Need Highest and Best Use Phasing FINANCIALS Cost Risk Return

Editor's Notes

  1. Cover Option 2
  2. A walkable 7 lane street