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Home My WebLink AboutRyan / Iceberg.pptCITY OF IOWA CITY John Gilbert Lofts Agenda > Team > Goals > Variables > Design > Financing e: CITY OF IOWA CITY John Gilbert Lofts RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS 222 HENNEPIN minneapolis, mn RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS CITY OF IOWA CITY John Gilbert Lofts MIDTOWN EXCHANGE minneapolis, mn RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS CITY OF IOWA CITY John Gilbert Lofts THOMAS PLACE fox lake, it RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS -A MK-John Gilbert Lofts - g °1mill. : :11� THOMAS PLACE glenview, it RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS 7,livi 2 NICOLLET MALL minneapolis, mn RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS f 4-' I■■IIR■1 AL 1 ■ ■Illii� ll ■IU ■ii. mn. =. ®■1 ■mun nmlm onn■m !iiiii "ail �■iiiiiii pool!! r•!nnn unu ®u moon Illuiiii Isiiu■i CITY OF IOWA CITY John Gilbert Lofts WATERTOWER PLACE cedar rapids, is Is RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS CITY OF IOWA CITY John Gilbert Lofts PROJECT GOALS THE PROJECT MUST BE: Affordable & finance -able Achievable within 2 years (energy & financing climate) Successful for New Pioneer (function & funds) Meet the City's expectations Environmentally Sustainable Representative of good urban planning THE VARIABLES: Users Owners Construction: finishes, systems, structures Massing: floors and floor print RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS CITY OF IOWA CITY John Gilbert Lofts 222 HENNEPIN minneapolis, mn RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS CITY OF IOWA CITY John Gilbert Lofts SITE PLAN s Building Site Chauncey Swan Park New Pioneer Co -op CI d 2 Pentacrest t d I 1 4 WIN _ ... uq a II■ � � ,�6- ' ,t 1 1 I IC �� 11 � � � ! ■ � Ilp : � � I}8 11 RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS eee�� o 0 moe m e Burl ingten Street FF UMm CITY OF IOWA CITY John Gilbert Lofts DIAGRAM aerial view tL.. J ± _ -Lu L i Eu C ML'll L'j I r o ��nL1 I IF7 l' I — I F IT CITY OF IOWA CITY John Gilbert Lofts RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS View DIAGRAM aerial view tL.. J ± _ -Lu L i Eu C ML'll L'j I r o ��nL1 I IF7 l' I — I F IT CITY OF IOWA CITY John Gilbert Lofts RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS View DIAGRAM street view �.lJ Jul n I ►.LL's �it J� F ,`. f 1( F RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS llr � f F View CITY OF IOWA CITY John Gilbert Lofts DIAGRAM street view �.lJ Jul n I ►.LL's �it J� F ,`. f 1( F RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS llr � f F View CITY OF IOWA CITY John Gilbert Lofts DIAGRAM street view ui,yLL �— L ,n. !L i... L .: kuL. .�.-_ View _� ;, IJ t — _— �- r€ F ri F CITY OF IOWA CITY John Gilbert Lofts RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS DIAGRAM street view ui,yLL �— L ,n. !L i... L .: kuL. .�.-_ View _� ;, IJ t — _— �- r€ F ri F CITY OF IOWA CITY John Gilbert Lofts RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS DIAGRAM street view RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS View e` FF CITY OF IOWA CITY John Gilbert Lofts DIAGRAM street view RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS View e` FF CITY OF IOWA CITY John Gilbert Lofts DIAGRAM street view RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS �L +L t View refF CITY OF IOWA CITY John Gilbert Lofts DIAGRAM street view L f k. View r F CITY OF IOWA CITY John Gilbert Lofts RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS DIAGRAM aerial view RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS IL View{ f .rF7 `; j . F CITY OF IOWA CITY John Gilbert Lofts DIAGRAM aerial view RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS IL LL-2 I View{ f .r ` r . CITY OF IOWA CITY John Gilbert Lofts DIAGRAM aerial view View_ aJ J+ _— ;; -L,E a e„`,; -- r i F r F ri F CITY OF IOWA CITY John Gilbert Lofts RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS DIAGRAM aerial view View_ aJ J+ _— ;; -L,E a e„`,; -- r i F r F ri F CITY OF IOWA CITY John Gilbert Lofts RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS CONCLUSION RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS SUN STUDIES 18 -Story High Rise Option (185 ft) 4 Stories of Commercial Real Estate 14 Stories of Residential Real Estate 5 -Story Mid -Rise Option (72 ft) 1 Story of Commercial Real Estate 4 Stories of Residential Real Estate CITY OF IOWA CITY John Gilbert Lofts CONCLUSION mid -rise option Meets All of the Objectives Fails to Meet the Objectives Critical Issues Friendly Neighbor mid Rise OptiWb. 5 High Rise Option 0 Commercial Appeal 2 Residential Appeal 5 Parking Efficiency 1 Public Space 3 Green Space 4 Cost 2 City Master Plan Alignment 2 Energy Efficiency 4 Complexity (user/ owners) 2 Total: 44 Total: 25 RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS SUN STUDIES 18 -Story High Rise Option (185 ft) 4 Stories of Commercial Real Estate 14 Stories of Residential Real Estate 5 -Story Mid -Rise Option (72 ft) 1 Story of Commercial Real Estate 4 Stories of Residential Real Estate CITY OF IOWA CITY John Gilbert Lofts SITE PLAN Washington Street •• nsbng rking College Street hhaa N 2s 5 — RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS CITY OF IOWA CITY John Gilbert Lofts FLOOR PLAN basement level 15-0" 3tl -0" �3tlV 3.., 9 b m 4 I? RYAN COMPANIES ,EBERG DEVELOPMENT OPN ARCHITECTS 1s -0" F Parking —> Entrance —> it 0 N CITY OF IOWA CITY John Gilbert Lofts I I I I I I I RYAN COMPANIES ,EBERG DEVELOPMENT OPN ARCHITECTS 1s -0" F Parking —> Entrance —> it 0 N CITY OF IOWA CITY John Gilbert Lofts FLOOR PLAN Condo Entrance~ first level L 30'U L 30'V r rr Patio Space (2,400 s.f.) Retail M#zzanine Retail Tenant Spacd Apove Space (5#00 y.) _ _(20,000 s.f.).. j Retail • Entrance RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS a .0 A - - - -J N Dock Entrance rkkg4a: age Existing Parking Garage 1T CITY OF IOWA CITY John Gilbert Lofts FLOOR PLAN second level 34S b'U' 39F FLOOR PLAN third through fifth levels 92'A' ' 39' -8' BUILDING SECTION $ 72' ss Level 5 - Condos Level 3 - Condos Rao( Garden and Patio Level 2 - Candas Retail Mezzanine Space Retail Tenant Space Existing z r� Parking q Garage Below Grade Parking Garage CITY OF IOWA CITY John Gilbert Lofts RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS I It r IIS 'Vr► RENDERING View From Chuancey Swan Park ,EBERG DEVELOPMENT OPN ARCHITECTS CITY OF IOWA CITY John Gilbert Lofts RENDERING Looking West on College Street .EBERG DEVELOPMENT OPN ARCHITECTS CITY OF IOWA CITY John Gilbert Lofts SUSTAINABILITY design strategies Roof garden (urban vegetable garden) Photovoltaic solar array on roof Storm -water retention (community cistern) Recycle 90% or more of job -site waste Permeable street paving Use rapidly renewable materials Exterior solar lighting on pedestrian level Operable windows for air - quality management Appropriately -sized mechanical systems Minimize building shadow on surrounding environment Bike - friendly facility RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS FINANCING 1. Cost - effective construction (dictates mid -rise plan) 2. Two users and two owners 3. A market rate return for the equity stack 4. Obtain both construction & permanent financing commitments at competitive rates 5. TIF - potential other soft funds RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS BASICS Equity commitment is in place Bank financing is in place - 2 year construction loan commitment in place - Permanent loan commitment in place - Continue to work on potential HUD financing Potential of new markets and other credits / grants TIF (using gap analysis) City to contribute ground CITY OF IOWA CITY John Gilbert Lofts THANK YOU q + a CITY OF IOWA CITY John Gilbert Lofts RYAN COMPANIES ICEBERG DEVELOPMENT OPN ARCHITECTS