WOODWARD GRAND- LUXURY APARTMENTS & LOFTS

Transcription

1 WOODWARD GRAND- LUXURY APARTMENTS & LOFTS Royal Oak DDA Meeting February 19 th, 2014 Developer: Singh Development LLC West Bloomfield, MI Architect: JDavis Architects Raleigh, NC Legal: Dennis Cowan, Plunkett & Cooney Contact: Avi Grewal, Singh Development LLC Phone:

2 TABLE OF CONTENTS I. Singh Overview II. JDavis Architects Overview III. Woodward Grand - Design Concept CiderMill Village Rochester Hills, MI Waltonwood Providence Charlotte, NC Tollgate Woods Brandywine West Bloomfield, MI

3 Singh Headquarters West Bloomfield, MI Waltonwood Cary Cary, NC About Singh: Singh Development LLC ( Singh ) is a family owned and operated real estate development company headquartered in West Bloomfield, Michigan. The company was formed in 1973 and today has over 1,200 employees. Singh is vertically integrated and actively develops, constructs, and manages real estate for its own portfolio throughout Southeast Michigan and the Mid-Atlantic United States. Singh s portfolio includes over 3,000 luxury residential apartments and townhomes; single family homes and subdivisions; retail, office, and industrial properties; and nearly 1,500 independent and assisted living senior retirement communities across 8 campuses (under the brand Waltonwood). I. SINGH OVERVIEW The company s primary focus today is to grow its luxury multifamily and senior housing portfolio. The owners are financially conservative and recognize the risks and rewards inherent in the real estate development business. As such, they have been able to weather the storms of multiple recession. MainCentre Downtown Northville, MI In recent years, the company has aggressively re-engineered its entire portfolio and moved into new markets within the Mid-Atlantic region. Singh s history includes strong relationships with various regional and national banking institutions, contractors, architects, engineers and municipalities. These partnerships are important to the organization and recognized as cornerstones of the company s success.

4 Past Experience Waltonwood Senior Living Communities Project Name Waltonwood University Waltonwood Carriage Park Waltonwood Royal Oak Waltonwood Twelve Oaks Waltonwood Cherry Hill Waltonwood Main Waltonwood Lakeside Waltonwood Cary Parkway Single Family Homes & Land Development Project Name Turtle Creek Quail Ridge Pheasant Hills Westminster Village Bradford of Novi North Oaks Hunt Club Victoria Gardens Adams Oak Norton Creek Northbrooke Beckenham Woodcreek Willowbrook Farm Trails of Loon Lake Bradby of Elmwood Park Quail Crest Tollgate Ravines Tollgate Woods Churchill Crossing Tottenham Woods Loon Lake Woods Westchester Village Charing Cross Castlewood Charleston Park Saxonbury City Rochester Hills, MI Royal Oak, MI Rochester Hills, MI Sterling Heights, MI Cary, NC City Northville Twp, MI Northville, MI Rochester Hills, MI Auburn Hills, MI Garden City, MI Rochester Hills, MI Wixom, MI Rochester Hills, MI Wixom, MI Detroit, MI Rochester Hills, MI Wixom, MI Canton, MI Wixom, MI South Lyon, MI Cary, NC Year Year Units Lots Luxury Apartment Homes Project Name Meadowgrove Villa ShoreBrooke Turtle Creek Apartments NorthRidge Rivergreen Amberly Hyde Park Clement Kern Gardens Adams Creek MainCentre Wexford Townhomes Nantucket Briarcliff Village Main Street Village Summit Creek Wyndchase Brandywine Turnbury Park Westbury CiderMill Village Office, Retail & Light Industrial Project Name 219 Elm Street MainCentre 300 Park Street Singh Office Centre Drake Pointe Spectrum Centre CadyCentre Franklin Point Office Centre Singh Executive Park Lyon Industrial Research Centre Shops at Westbury Singh Office Cary City Southfield, MI Pontiac, MI Rochester Hills, MI Riverview, MI West Bloomfield, MI Detroit, MI Detroit, MI Auburn Hills, MI Northville, MI Farmington Hills, MI Commerce Twp, MI Canton Township, MI Canton Township, MI West Bloomfield, MI Canton Township, MI Genoa Township, MI Rochester Hills, MI City Birmingham, MI Northville, MI Birmingham, MI West Bloomfield, MI Farmington Hills, MI Farmington Hills, MI Northville, MI Bloomfield Twp, MI Lyon Township, MI Genoa Township, MI Cary, NC Year Year Units Sq. Ft. 7,763 26,667 57,244 61,150 68,119 56,873 23,230 19,700 82,344 32,000 18,369 10,000 I. SINGH OVERVIEW

5 Singh s Experience In Royal Oak Waltonwood Royal Oak Assisted Living 3450 West Thirteen Mile Road Royal Oak, MI (Across from Beaumont Hospital) Year Built: 1998 Number of Units: 82 Year Renovated: 2012 Scope of Work: Replaced all flooring, wall covering, and various interior/exterior finishes. Reconfigured rooms to meet the needs of today's residents. I. SINGH OVERVIEW

6 Currently Under Construction Senior Living Location Waltonwood Providence Charlotte, NC Waltonwood Cotswold Charlotte, NC Office & Light Industrial Singh Executive Park #4 Single Family Homes Tollgate Woods Phase III Charleston Park Westchester Phase II Location Location South Lyon, MI Units SqFt 52K Lots Cost $35M $25M Cost $3.5M Avg Sale Price $450K $350K $550K Waltonwood Ashburn Ashburn, VA I. SINGH OVERVIEW Future Projects (2015 & 2016) Chandler Park Apartments Cary, NC Senior Living Waltonwood Ashburn Waltonwood Lake Boone Location Ashburn, VA Raleigh, NC Units Cost $45M $35M Luxury Apartments Chandler Park Greystone Location Cary, NC Units Cost $30M $32M Office & Light Industrial Singh Executive Park #5 Singh Executive Park #6 Location SqFt 35K 100K Cost $2.5M $6M Land Development Ballantyne Oberlin Bollingbrooke Location Lots Cost $3.5M $3.5M $4.5M

7 JDavis Architects Raleigh, NC II. JDAVIS ARCHITECTS OVERVIEW

8 Woodward Grand - View from Main Street looking SouthWest

9 Woodward Grand - View from Main Street looking NorthWest

10 Woodward Grand - Top View

11 Woodward Grand - Ground Floor

12 Woodward Grand - Second Floor

13 Woodward Grand - Third & Fourth Floor

14 Woodward Grand - Courtyard

15 Woodward Grand - Courtyard

16 Woodward Grand - Fitness Room

17 Woodward Grand - Club Room

18 QUESTIONS AND COMMENTS Contact: Avi Grewal, Singh Development LLC Phone: