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Lewis Presentation 06.06.24The Gateway at Grand Terrace Established in 1955, the Lewis Group of Companies is one of the largest family-owned real estate developers in U.S. From the beginning, the Lewis Group of Companies has delivered a better life for hundreds of thousands of people. Goldy and Ralph Lewis's family approach to improving lives for employees, customers and communities created the bedrock of the Lewis Group of Companies. Presentation Outline •Lewis Vision •Project Overview •Infrastructure •Residential Vision •Lewis Multifamily Communities •Retail Vision •Gateway Community Park •Richard Rollins Park –Soccer Field Turf Rehabilitation •Project Benefits Lewis Vision •Focus on great placemaking to develop a signature “Lewis Community” with the intent of long-term ownership and associated investment in the broader Grand Terrace community. •Create partnerships with the community through local job fairs and businesses •Partner with the school districts for career pathways. Opportunity to host tours and information sessions at the project for students interested in architecture/engineering/construction/etc. •Emphasis on development projects that generate value for the community. •Average income of future residents is expected to be in excess of $100,000, bringing significant buying power to the community. •Our rental apartments attract longer term tenants who will be more invested in the schools and community, and we maintain strong maintenance standards to not burden the City. Project Overview •Comprised of appx. 112 gross acres, 70 developable acres. •Challenged with lack of infrastructure, right-of- way for circulation, and storm drainage. •Unique infill opportunity along I-215, a major transportation corridor. •Ability to create a strong “gateway” statement for the City of Grand Terrace. •Develop a high-quality master plan that will add value to the broader community. Infrastructure •Storm Drain Design: •Grand Terrace currently drains to the Riverside Canal and floods downstream property •Taylor/Commerce Improvements and Extension •Gateway Community Park Residential Vision (For-Sale Neighborhood) Residential Vision (For-Sale Neighborhood) Lewis Apartment Communities •Lewis has developed over 11,500 rental residences, and we still own and manage 99% of those residences. •Our best-in-class Property Management group focuses on customer service, relationships, and maintaining our developments to industry-leading standards. •Winner of the CEL & Associates national multifamily customer service award for 16 years and running, ranking Lewis as the best property management firm for a company of its size in the country. Lewis Apartment Communities •Proposing a unique rental product that is built and lives more like a single-family home. •We will attract renters-by-choice with higher household incomes and therefore discretionary money to spend within the community they live in and support the planned retail. •A “Build-for-Rent” community of duplexes offering the low maintenance of renting with the lifestyle of a single-family home. •Pet friendly product with generous outdoor spaces in many floorplans. Lewis Apartment Communities Lewis Apartment Communities Independence at Grand Terrace Retail Vision Gateway Community Park •Strong support from Grand Terrace Little League and Community Members. •Construct new 200’ Little League Field with Lights. •Concession and storage building. •Restroom facility and parking. •Playground with shade structures and barbecues. •Pedestrian paseo connection to Veterans Park. •Water efficient landscaping and irrigation. Richard Rollins Park –Soccer Field Turf Rehabilitation •Gopher/Ground Squirrel Abatement •Weed Removal •Field Leveling •New seeding and field topper •Irrigation adjustment/tuning •Maintenance and grow-in period for 30-days Project Benefits •The Gateway at Grand Terrace Specific Plan outlines the vision of a high-quality master planned community: o Enhances the community’s image as the Gateway to the City and County. o Becomes the catalyst for redevelopment of underutilized properties. •Completes the extension of Commerce Way to Main Street: o Removes traffic from Michigan Avenue. o Creates demand for new retail and mixed-use opportunities within the Specific Plan. •Solves storm drainage and flooding issues for properties at Van Buren and Michigan and provides future solution for Pico Avenue. •Develops a regional storm water basin. •Undergrounds existing overhead utilities and provides new water infrastructure. Project Benefits •Provides much needed rooftops to support local retail and restaurants. •Price points of the proposed for-sale neighborhoods will be attainable to existing and new residents. •The proposed for-rent neighborhoods provide a unique opportunity for attracting “renter by choice” residents to establish roots in Grand Terrace. •Property tax value from new development will help the City’s General Fund. •The conceptual Gateway Park will provide Little League with a lighted facility, interconnected to Veterans Freedom Park with a pedestrian paseo. •The park also provides a large playground, pergolas, and barbecue areas for new and existing residents. •Location is easily accessible from Commerce Way, with opportunities for the City and Little League to host regional baseball tournaments.