HomeMy WebLinkAboutWS4 - 21 S Linn Presentation by Grandrail pdfDEVELOPER PRESENTATION TO FOLLOW:
By: Grand Rail Development
WS4
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CITY OF IOWA CITY
410 East Washington Street
Iowa City, Iowa 52240- 1 826
(319) 356-5000
(319) 356-5009 FAX
www.icgov.org
21 S Linn Street
Mixed -Use Development
March 11, 2025 04�j
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Team Organization
Grand Rail Development
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CITY OF IOWA Cm
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Venture One LLC
Urban Acres Real Estate
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Jake Evans — — — — � Kenzie Evans
Mike Bails,
Owneri Customer ReLations REALTOR", Municipal
Senior Project Manger & i Coordinator& Project Liaison Venture One
i f Chief FinanciaL Officer lr Liaison Partner
Venture One Partner L_
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Caleb Walton
n .. Project Manager
OPN Architects
Toby Olsen
AIA, NCARB, ALA
Principal -in -Charge
Zack Writer
AIA
Architect
r Sophie Dont i
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AIA
iArchitect
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URBAN ACRES
Axiom Consultants
Rob Decker, MSE, CDT, CPG
Kevin McLaughlin,
Engineering Project Manager
PE
Electrical Lead
James Klncade, PE
Civil lead
Justine Siglin, PE
Structural Lead
Joe niL PE
MechahanicalalLead
Staff
Ur bon Acres Staff
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Gram Rdi Development Staff
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Axiom Staff
90*
E m p loees
in Eastern
Iowa
65*
From
Eastern
Iowa
20*
Current Iowa
City residents
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Inspired by Iowa City
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
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Accessible & affordable
housing
Sustainable &
resilient
WelLness
Durable Materials and
Construction
That We Heard Climate Action Plan
1.3 Increase Energy Efficiency in New Buildings
Request for Proposals Compact and Contiguous Development
Foster a sustainable and authentic urban 5.2 Expand Comm2,4 Increase unity Gardens and Access to Healthy
center Local Foods
Contextual architecture recognizing Public Input Survey
adjacent properties
The most common suggestions included: green space or gardens,
Mix of affordable and market -rate residential affordable housing, protection of existing mural, restaurants / bars l
coffee shops, music or arts entertainment venue, design blends with
High -quality construction surrounding area
The most common uses that respondents wanted to avoid in order cf
Increase the number and diversity of frequency: harIvape shop / liquor, housing esp. luxury, high rise
people working, living in and visiting building, parking
downtown
Provide along -term fiscal benefit to the city Downtown and Riverfront Crossings Masterplan. site type DT
Active uses on the street frontage, upper floors should contain office,
commercial and residential uses
City Strategic Plan
Reinforce Iowa City as a premier community Buildings should be built to the property line
to locate and grow a business
The taller buildings on the corners should have a lower base
Build community by fostering social consistent with adjacent historic buildings to make them fee
connections contextual with the rest of downtown
Well -Considered Site
Downtown and Riverfront
Crossings Masterplan
• 4 story base
• 5-9 story total
• 56,950+ total area
DT-3: Strategic In fill ors Lir?n Street
Our Proposal
for 21 S Linn St
• 3-story base
• 6-8 story total
• 76,500+ total area
Aerial of proposed building
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BASE PROPOSAL:
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A Solid Financial Plan
Fi.noncially Vioble
Local Financing
Not subject to external financing incentives
• Ready to Work on Day i
• Potential to Recoup full $4.5 Million
a Ability to Adapt to Market Conditions
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GRAND RAIL
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Axiom
CoNSIJLTANT 5
A PJEKEkr & M1It_KE L'L]`.1HAUI'
ff HILLS BANK
A Shared Investment in Downtown Iowa City and beyond
• Return on Investment
• Affordable Housing
• Senior Housing
• City Offices
• ACT Englert Stories Project
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IOWA
Stories Project
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PRESENTATION CONCLUDED
CITY OF IOWA CITY
410 East Washington Street
Iowa City, Iowa 52240- 1 826
(319) 356-5000
(319) 356-5009 FAX
www.icgov.org