Presentation: Proposed Plan Amendments
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1 Epstein s Rehabilitation Plan Presentation: Proposed Plan Amendments MORRISTOWN REDEVELOPMENT ENTITY March 14, 2013
2 Epstein s Rehabilitation Plan Presentation Part 1: Morristown Planning Division Neighborhood Context Existing Rehab Plan Proposed Amendments Part 2: Rosewood, LLC Local Market Conditions Architecture & Public Realm Public Benefits Parking
3 Epstein s Rehabilitation Plan Presentation: Proposed Amendments 1. NEIGHBORHOOD CONTEXT
4 40 PARK METRO MPA 40 PARK BLDG C
5 TO SPEEDWELL Epstein s Rehabilitation Plan Presentation: Proposed Amendments WASHINGTON THE GREEN TO TRAIN Urban Block Connected to: Downtown and the Green SOUTH ST EPSTEIN S
6 HISTORIC DISTRICT EPSTEIN S
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12 40 PARK
13 KEY _.;:: ZONING DISTRICT Plan Area
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16 South Street AM Loading Zone (6AM to 11AM)
17 No Standing Zone AM Loading Zone (6AM to 11AM) DeHart Street
18 New Loading Area (Further Investigation) DeHart Street
19 Epstein s Rehabilitation Plan Presentation: Proposed Amendments 2. EXISTING REHABILITATION PLAN
20 Epstein s Rehabilitation Plan Presentation: Proposed Amendments EXISTING PLAN: BUILDING MASS Building C Height Garage Height Base 5 STORIES 56 FEET 5 LEVELS 50 FEET Bonus* 5 STORIES 63 FEET 7 LEVELS 70 FEET Dehart Street Setback 10 FEET 10 FEET *Bonus Criteria: Loft Style Architecture
21 Epstein s Rehabilitation Plan Presentation: Proposed Amendments EXISTING PLAN: DEVELOPMENT PROGRAM BASE BONUS Residential 20 UNITS 36 UNITS Retail 8K SF 8K SF Affordable Housing Public Amenities 4% ON-SITE + 4% PAYMENT STREETSCAPE & PLAZA
22 Epstein s Rehabilitation Plan Presentation: Proposed Amendments 3. PROPOSED PLAN MODIFICATIONS
23 Epstein s Rehabilitation Plan Presentation: Proposed Amendments PROPOSED PLAN: BUILDING MASS Building C Height Garage Height Dehart Street Setback PROPOSED 7 STORIES 79 FEET 7 LEVELS 70 FEET 13 FEET
24 Epstein s Rehabilitation Plan Presentation: Proposed Amendments PROPOSED PLAN: DEVELOPMENT PROGRAM PROPOSED Residential Retail Affordable Housing Public Amenities 91 UNITS AMENITY 12.5 % OF ADDED UNITS (HALF ON-SITE: 3 UNITS) DEHART STREETSCAPE
25 Epstein s Rehabilitation Plan Presentation: Proposed Amendments PLAN COMPARISON: BUILDING MASS Building C Height Garage Height Dehart Street Setback EXISTING 5 STORIES 63 FEET 7 LEVELS 70 FEET 10 FEET PROPOSED 7 STORIES 79 FEET 7 LEVELS 70 FEET 13 FEET + STEP-BACKS
26 Epstein s Rehabilitation Plan Presentation: Proposed Amendments PLAN COMPARISON: DEVELOPMENT PROGRAM Residential EXISTING MAX 36 UNITS PROPOSED BONUS 91 UNITS (55 added units) Retail 8K SF AMENITY Affordable Housing 4% (for Area A) 12.5% (of additional units) Public Amenities DEHART STREETSCAPE
27 Epstein s Rehabilitation Plan Presentation Part 1: Morristown Planning Division Neighborhood Context Existing Rehab Plan Proposed Amendments Part 2: Rosewood, LLC Local Market Conditions Architecture & Public Realm Public Benefits Parking
28 Existing Conditions Aerial View Epstein s Redevelopment
29 Summary of Plan Changes Epstein s Redevelopment
30 Market Perspective Financing Realities - Construction financing for condo projects is unattainable due to lender pre-sale requirements - Buyers are not able to qualify for end loan financing - Buyers are not prepared to commit on spec construction Residential Market Realities - Rate of home ownership is plummeting - Historical average of 69% and NE Region is at 63-64% and dropping - Growing demand of luxury Renter by Choice demographic - Strong local demand for luxury product. Metropolitan is 100% occupied - Dehart St will be expansion of the Metropolitan as sister community - Residents will share in amenities between both properties - Efficiencies of operations through management by same team Epstein s Redevelopment
31 RoseWood Morristown Renter Demographics Epstein s Redevelopment
32 Dehart St Proposed Rendering Epstein s Redevelopment
33 Dehart St Sidewalks & Setbacks Epstein s Redevelopment
34 Dehart St Elevation in Context Epstein s Redevelopment
35 5 Story Shadow Study Epstein s Redevelopment
36 7 Story Shadow Study Epstein s Redevelopment
37 Epstein s Redevelopment Town of Morristown Morris County, New Jersey Prepared by Phillips Preiss Shapiro Associates, Inc. for Town of Morristown As approved March 2005 with proposed revisions by Jonathan Rose Associates dated December 2012 Epstein s Redevelopment
38 2.4.3 Bonus Height and Unit Yield Bonus Height and Yield for Subarea A2 (From Table 2) Allowed Actual Base Height: 56.5 feet 5 Stories Original Plan: 63 feet 5 stories 63 feet 5 stories With Two Story Bonus: 79 feet 7 Stories 79 feet 7 Stories Base Yield: 16 Units 8,000 s.f. Retail Original Plan: 36 Units 8,000 s.f. Retail 36 Units 8,000 s.f. Retail With Two Story Bonus 91 Units 6,000 s.f. Accessory 91 Units 6,000 sf Accessory Office & Amenity space Office & Amenity Space Epstein s Redevelopment
39 Subarea A2: Two Story Bonus Height and Unit Yield Bonus Buildings shall meet the following criteria to obtain the bonus height and corresponding unit yield bonus: 1. Meet the requirements for Pedestrian Friendly Building Design and Historic Character 2. Meet the requirements for Loft-Style Residential Building Design 3. Provide streetscape design improvements 4. Provide affordable housing contribution 5. Provide minimum 13 front yard setback 6. Provide 17 setback from Dehart Street curb line for at least 50% of the building frontage and incorporate landscape amenities 7. Provide additional 4 setback on bonus stories Epstein s Redevelopment
40 Bonus Criteria for Pedestrian Friendly Building Design & Historic Character 1. Massing and articulation a. Horizontal façade planes shall be broken into 30 to 40 foot vertical bays i. Bays should be distinguished through elements such as columns, pilasters, changes in façade plane, size and rhythm of window spacing, or variation in surface material ii. The vertical bays should extend through all the stories of the building b. Building facades adjacent to the public street shall provide for a differentiated building mass consisting of a base, middle and top i. The base of the building should be defined as the first one or two levels To define the base, overhangs or awnings are encouraged along storefronts and over building entrances. The pattern of any storefronts within the base should relate to the building s vertical bay pattern ii. The middle of the building should be distinguished from the base and top by horizontal belt courses or cornices or changes in material iii. The top of the building should be emphasized with a parapet wall and/or balustrade, deep cornice with a minimum 8 inch projection. Epstein s Redevelopment
41 Bonus Criteria for Loft-style Residential Building Design The intent of the bonus criteria is to encourage loft style architecture and to integrate design diversity into the Rehabilitation Area. 1. Massing and articulation a. Meet the same criteria as in Pedestrian-Friendly Building Design, as well as: i. Exterior balconies are encouraged, but shall not protrude beyond the face of the front façade; rather, they should be recessed into the building. Balcony railings should be of ornamental steel or wrought iron. ii. Roofs shall have a simple, flat (not peaked) form, and should be emphasized with a parapet wall, deep cornice with a minimum 12 inch projection iii. Ground floor storefronts should be distinguished from upper floors Rhythm of ground floor architectural features shall harmonize with rhythm of upper stories. iv. Modulation and massing of bonus floors shall vertically align with base floors v. Pilasters shall be designed and dimensioned in proportion with spandrels. Epstein s Redevelopment
42 2. Entries and windows a. Meet the same criteria as in Pedestrian-Friendly Building Design, as well as: i. Residential upper-level units shall have windows occupying at least 45 percent of upper-level facades. These windows should be operable, casement windows with divided lites. ii. Windows shall be grouped in bays to replicate traditional loft style window rhythms. Windows groupings may be divided into two-panel or three-panel windows with major vertical mullions. Window heads shall be articulated by rowlock brick or complimentary material. Exposed steel window heads are encouraged. iii. Multi-lite industrial/factory style windows are required at the ground floor and upper stories. iv. Ground floor area devoted to windows shall be maxmized with glazing occupying at least 65% of the ground floor façade area. Storefront and column articulation shall include exposed painted steel. 3. Materials: a. Stone, masonry, and brick, as well as glass block, cast stone, cast iron steel, and other types of metal are preferred primary materials for facades. The base building should generally be a single brick color and the façades of the stepped-back stories shall be constructed of a complimentary masonry, metal or cementitous material. Façade materials shall be selected and assembled so that the building appears heavier at the base and lighter at the top. Epstein s Redevelopment
43 4. Residential interiors: a. Residential unit interiors should have a minimum internal floor-to-ceiling height of 9 feet clear. b. High quality finishes such as hardwood floors, granite countertops, walk-in closets, stainless steel appliances and in-unit washers and dryers are encouraged. 5. Accessory office and amenity facilities: a. Amenity facilities within the building are encouraged and should be designed to foster social programs and interaction among the residents. Epstein s Redevelopment
44 Loft-style Residential Building Design Contextual Images N. Park Pl South Street Washington Street Epstein s Redevelopment
45 Loft-style Residential Building Design Contextual Details South Street Epstein s Redevelopment
46 Pedestrian Friendly and Streetscape Contextual Images Epstein s Redevelopment
47 Residential Interiors Contextual Images Metropolitan kitchen Metropolitan clubroom Metropolitan living room Metropolitan fitness center Epstein s Redevelopment
48 First Floor Plan Epstein s Redevelopment
49 Typical Floor Plan Epstein s Redevelopment
50 Bonus Stories Floor Plan Epstein s Redevelopment
51 Right of Way Elevation Epstein s Redevelopment
52 Aerial In Context Epstein s Redevelopment
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