Presentation to the New Rochelle City Council Twining Properties + Northwood Investors October Pratt Landing

Transcription

1 Presentation to the New Rochelle City Council Twining Properties + Northwood Investors October 2016 Pratt Landing

2 Presentation CONTENTS The NEW New Rochelle Pratt Landing Public + Private Partners Action Plan

3 The NEW New Rochelle The NEW New Rochelle is a SMART GROWTH City New Rochelle is a waterfront community, strategically located, highly accessible & just minutes to Manhattan. NEW Zoning & GEIS create a shovel ready Downtown. Smart Growth planning will make it a Walkable Urban Place. All of this makes it attractive to NEW Business & Millennials. NEXT Step is creating a Downtown Waterfront for the City. 3

4 A Downtown Waterfront Transforms the City Downtown Overlay District Pratt Landing Downtown Waterfront Community Pratt Landing Water + Main + Huguenot Downtown Waterfront A NEW City Anchor Vibrant Retail Walkable Place Mixed Use Downtown Waterfront Community Twining Properties Pratt Landing Zoning & EIS The Downtown Plan 2015 RDRXR Zoning & GEIS 4

5 Pratt Landing creates the Downtown Waterfront East End Pratt Landing Downtown Sutton Manor Downtown Waterfront Community 5

6 Pratt Landing Pratt Landing Connects Downtown to the Water Where Main Street, Huguenot & the Water Meet Manhattan New Rochelle Station Sutton Manor East End Pratt Street 6

7 Pratt Landing Pratt Landing Tour Where Downtown Meets the Water ANIMATION IS NOT ACTIVE IN PDF 7

8 Pratt Landing Mixed Use creates a Walkable Urban Place Live, Work, Play, Shop, Dine & the Water Park Armory Work Hotel Apartments Pier Condos Townhomes Lofts Live Work Shop & Dine Stay Millennials to Empty Nesters Co-Working Space Pratt Street Shops & Dining Tourists, Guests & Travelers Affordable to Market Rate Entrepreneurs to Businesses Main Street Large Retailers A Place for Gatherings 8

9 Pratt Landing A Walk through the Courtyards to the Water Where Downtown Meets the Water ANIMATION IS NOT ACTIVE IN PDF 9

10 Pratt Landing Pratt Landing Opens East End to the Water 10

11 Pratt Landing A Bike Ride Down the Waterfront Esplanade Where Downtown Meets the Water ANIMATION IS NOT ACTIVE IN PDF 11

12 Pratt Landing Pratt Landing will be the City s Public Waterfront Sweeping Water View from the Esplanade & the Pier Over 3 acres of NEW Parks & Open Space Place to Walk, Bike, Boat, or Drive Resilient Ecological Waterfront Restoration Pier to access the Water for boating 12

13 Pratt Landing A Highly Sustainable LEED Community Green Roofs Solar Power Wind Turbines Natural Waterfront Green Courts 13

14 Public + Private Partners Public Private + = The NEW Downtown Waterfront Downtown Waterfront Community Outreach The City of New Rochelle and Twining Properties/Northwood Investors have formed a partnership to transform the City s industrial property into a Downtown Waterfront for All 14

15 Public + Private Partners State Approved Twining for Brownfield Tax Credit State Brownfield Tax Credit Program is Critical to the Project Twining Accepted by State Fall 2015 Must be COMPLETED by 2019 Twining Properties Lead on Project Twining + Northwood fund all costs At completion State provides Tax Credit Brownfield Program Contributes $25M to Fund Part of Cost for: City Yard Environmental Clean-Up New City Roads, Sidewalks & Utilities New Parks & Waterfront Restoration Underground Garage Win-Win for the City of New Rochelle Contaminated City Yard becomes Waterfront Community Cost of creating streets & utilities is funded by State & Developer Community gains public access to the Waterfront We have secured a Brownfield Tax Credit that will make the development possible 15

16 Public + Private Partners The Community Shapes the Master Plan The Downtown Waterfront Community Partners in the Future of the Community PUBLIC : City, State & Community PRIVATE : Developers & Businesses East End Pratt Sutton Manor Community Outreach Create a Waterfront Place with all City neighborhoods Work with Sutton Manor & East End to meet their goals Involve local businesses & land owners in the process Work with the Community to Refine Pratt Landing Gather everyone s IDEAS online & in person Refine the Plan based on these IDEAS Evaluate public & private uses for the Armory Work with the City & State to transform the Armory We are committed to creating an environment that will benefit the Downtown Waterfront Community 16

17 Twining Properties Make Places for People We are passionate about creating great public places and tackling challenging projects 17

18 We are Smart Growth Developers Walkable Communities Green Buildings Mixed Waterfront Transit We create walkable urban, mixed-use communities that spur economic and cultural growth 18

19 We Have the Expertise Needed for Pratt Landing Pratt Landing needs a Developer with a proven track record in the following: Area of Expertise Watermark Kendall West Cambridge Watermark Kendall East Cambridge 440w42 NYC Watermark Seaport Boston Watermark Court Square NYC Watermark Central Cambridge Community Outreach Master Planned Development Sustainable Development Waterfront Development Environmental Clean Up We specialize in complex urban mixed use development 19

20 We Own $6B Residential, Retail, Office & Hotels Hotel Residential & Retail Office & Retail Residential & Retail Office Residential & Retail We have patient capital with the expertise to invest in all product types 20

21 We Invest in Walkable Urban Places We invest in walkable urban places that have density, activity, and buzz 21

22 Pratt Landing Action Plan Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 New DPW MOU Community Outreach EIS & Zoning LDA Design Remediation Action Plan Environmental Cleanup Close-Out Infrastructure Vertical Construction Starts Building 22