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HomeMy WebLinkAboutItem E.08 APPLICANT CC Presentation (Adam with LEWIS)The Gateway at Grand Terrace Established in 1955, the Lewis Group of Companies is one of the largest family-owned real estate developers in the U.S. Presentation Outline: •Lewis Vision •Project Overview •Infrastructure •Residential Vision •Commercial Retail Vision •Development Agreement Overview •Project Benefits •Infrastructure Improvements •Gateway Community Park •Richard Rollins Park –Soccer Field Turf Rehabilitation 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. •The average income of future residents is expected to be over $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. Residential Vision (For-Sale Neighborhood) •Residential land use intends to accommodate many product types and styles that appeal to various market segments, from first - time homebuyers to families to seniors. •Intends to provide a variety of high-quality and aesthetically pleasing housing choices and product types •Market conditions at the time of development would determine a range of housing types within an overall maximum density of 20 dwelling units per acre (du/ac). •For-sale products may include, but are not limited to: Detached and attached products (cluster-type or motor court); Small-lot development; Duplexes; Stacked flats; Townhomes. Residential Vision (Multi-Family) •Lewis has developed over 12,500 rental residences, and we still own and manage 95% of those residences. •Proposing a unique rental product that is built and lives more like a single-family home. •Pet-friendly product with generous outdoor spaces on many floorplans. •Multi-family products may include, but are not limited to: Duplexes; Triplexes; Stacked flats; Townhomes. Commercial Retail Vision •I-215 Freeway frontage. •The commercial land use area allows for the development of general commercial uses such as retail, auto/truck sales, personal service, entertainment, offices, and restaurants. •The commercial uses will serve as an enhanced continuation of the Barton Road Specific Plan and the I-215 commercial corridor. Development Agreement Overview •By and Between the City of Grand Terrace and Lewis Land Developers, LLC. •Implements the City Council Approved Memorandum of Understanding. •Applies to Lewis-Owned Properties. •Identifies the obligations of the City and Lewis. •Public Benefits. •Sources of Funds for Project Improvements. •Development Impact Fees and Credits. •Financing Plan. •Schedule of Performance by Lewis. 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. Project Benefits •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. •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. •Property tax value from new development will help the City’s General Fund. •Pedestrian mobility and connectivity to Grand Terrace High School. Infrastructure Improvements •Storm Drain Design: •Regional Basin. •Downstream facilities inadequately- sized. •RPU Riverside Canal Flooding –threat of litigation. •Van Buren/Michigan Flooding. •Taylor/Commerce Improvements and Extension. 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. •Location is easily accessible from Commerce Way, with opportunities for the City and Little League to host regional baseball tournaments. Pedestrian Paseo Gateway Park Existing Baseball Field Existing Conditions of the GTLL Field NW of Veterans Freedom Park Existing Conditions of the GTLL Field NW of Veterans Freedom Park Existing Conditions of the Future Paseo 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. Existing Conditions of the Richard Rollins Soccer Field (Rehabilitated Portion) Existing Conditions of the Richard Rollins Soccer Field (Rehabilitated portion)