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HomeMy WebLinkAboutWS4 - 21 S Linn Presentation by Grandrail 21 S Linn Street Mixed-Use Development March 11, 2025 1 Urban Acres Real Estate Mike Bails, REALTOR® Municipal Liaison Venture One Partner Grand Rail Development Jake Evans Owner Senior Project Manger & Chief Financial Officer Venture One Partner OPN Architects Toby Olsen AIA, NCARB, ALA Principal-in-Charge Axiom Consultants Caleb Walton Project Manager Sophie Donta AIA Architect Zack Writer AIA Architect Rob Decker, MSE, CDT, CPG Engineering Project Manager James Kincade, PE Civil Lead Joe Lomheim, PE Mechanical Lead Kevin McLaughlin, PE Electrical Lead Justine Siglin, PE Structural Lead Kenzie Evans Customer Relations Coordinator & Project Liaison Venture One LLC Team Organization 2 Staff 90+ Employees in Eastern Iowa 65+ From Eastern Iowa 20+ Current Iowa City residents Urban Acres Staff OPN Staff Grand Rail Development Staff Axiom Staff 3 Subcontractor / Supplier Tenant Team We are the right local team. 4 Inspired by Iowa City 5 The location of the original city hall, on a prominent corner of downtown, is surrounded by buildings of civic success and importance. We believe any proposal for the site should aspire to those ideals. A city for the arts Work at the heart of downtown .Accessible & affordable housing Sustainable & resilient Wellness Durable Materials and Construction 6 Request for Proposals Increase the number and diversity of people working, living in and visiting downtown Mix of affordable and market-rate residential Provide a long-term fiscal benefit to the city High-quality construction Contextual architecture recognizing adjacent properties Foster a sustainable and authentic urban center City Strategic Plan Reinforce Iowa City as a premier community to locate and grow a business Build community by fostering social connections Downtown and Riverfront Crossings Masterplan, site type DT3 The taller buildings on the corners should have a lower base consistent with adjacent historic buildings to make them feel contextual with the rest of downtown Active uses on the street frontage, upper floors should contain office, commercial and residential uses Buildings should be built to the property line Public Input Survey The most common uses that respondents wanted to avoid in order of frequency: bar / vape shop / liquor, housing esp. luxury, high rise building, parking The most common suggestions included: green space or gardens, affordable housing, protection of existing mural, restaurants / bars / coffee shops, music or arts entertainment venue, design blends with surrounding area Climate Action Plan 1.3 Increase Energy Efficiency in New Buildings 5.2 Expand Comm2.4 Increase unity Gardens and Access to Healthy Local Foods Compact and Contiguous Development What We Heard 7 A Well-Considered Site Downtown and Riverfront Crossings Masterplan Our Proposal for 21 S Linn St 3-story base 6-8 story total 76,500+ total area 4 story base 5-9 story total 56,950+ total area Aerial of proposed building 8 Formal References WILL TALK ABOUT CONTEXTUAL DESIGN brick as a durable, sustainable and central US -made material – Midwest brick tradition for a good reason Details and depth in façade – don’t really show up in renderings but are make or break at street / eye level Quality of filtered light within building Incorporating native plantings Writing / printmaking program as detail inspiration 9 What if? 10 Imagine your Corner 11 Flexible & Customizable 12 BASE PROPOSAL: HOUSING HOUSING OFFICE & AMENITY OFFICE OFFICE ENTERTAINMENT VENUE PARKING AMENITY Flexible & Customizable 13 POSSIBILITY 1: CITY CULTURAL CITY CULTURAL CULTURAL & AMENITY OFFICE OFFICE ENTERTAINMENT VENUE PARKING HOUSING HOUSING AMENITY Flexible & Customizable 14 POSSIBILITY 2: HOUSING CULTURAL CULTURAL & AMENITY OFFICE OFFICE ENTERTAINMENT VENUE PARKING HOUSING HOUSING AMENITY Flexible & Customizable 15 L2-L3 OFFICE L4 OFFICE & AMENITY LEVEL 1 - OPTION 1 18-HOUR EVENT VENUE CAFÉ WITH OUTDOOR PATIO LEVEL 1 - OPTION 2 CULTURAL MUSEUM SPACE MICRO-RETAIL LL PARKING 18-Hour Activity -address flexibility -18 hour ground level -address alley concerns 16 LR AMENITY L5-L6 HOUSING A Vertical Community -mixed income community -permanent affordable housing for everyone, no strings attached -vertical mixed-use neighborhood -encouraging interaction and community among neighbors -applies to commercial and cultural tenants -units are sold not rented, can be combined into larger units (address Bruce / Mazahir comment) 17 A Solid Financial Plan 18 Financially Viable Local Financing Not subject to external financing incentives Ready to Work on Day 1 Potential to Recoup full $4.5 Million Ability to Adapt to Market Conditions 19 A Shared Investment in Downtown Iowa City and beyond Return on Investment Affordable Housing Senior Housing City Offices ACT / Englert / Stories Project 20 Q & A 21 22 L2 | OFFICE L4 | OFFICE & AMENITY LL | PARKING L3 | OFFICE LR | AMENITY L5 | HOUSING L6 | HOUSING L1 | VENUE + CAFE Floor Plans 23 Elevations 24