Bringing experienced vision to Williston, North Dakota

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1 The Renaissance on Main Mixed-use new construction Retail, Office, and 60 Apartment Units Live Work Shop DOWNTOWN Bringing experienced vision to Williston, North Dakota

3 Presented by The Renaissance Companies 2001 West Churchill Street Chicago, Illinois Paul Russo Project Development Manager P x208 F C Paul Russo joined The Renaissance Companies in January of 2011 and brings twenty years of combined experience in the areas of real estate development, property management, and sales & marketing. Licensed in Illinois since 1995, he has extensive experience in client representation for both residential and commercial properties in both the public and private sector. For many years, Paul has successfully helped local tenants, national tenants, and landlords with site selection, site development, and lease negotiations. Prior to joining Renaissance, Paul was the owner/manager of a national real estate franchise and a Chicago-based mortgage company. He has been designated a Certified Commercial Investment Member (CCIM) and a LEED Green Associate from the U.S. Green Building Council. -3-

4 PROJECT NARRATIVE THE RENAISSANCE ON MAIN WILLISTON, NORTH DAKOTA FEBRUARY 2014 The Renaissance Companies are very excited to present their proposal as the beginning of the revitalization of Downtown Williston. As city developers, our nearly 25 years of expertise can be utilized to set the tone and direction of the revitalization as envisioned by Williston residents and its leaders, which will further the growth and prosperity on a par with its rich heritage and awesome potential. The Renaissance on Main will be a multi-use, mixed income, seven (7) story development on the corner of 2nd and Main streets, which is currently being used as a municipal surface parking lot. The developers recognize the importance of available parking for the residents and merchants of the downtown area, but a surface parking lot on the main street is an underutilization of its highest and best use. We would like to be a part of changing that and help make downtown Williston the place that everyone wants to visit as well as shop, work, and live. The Renaissance on Main will be built at the same time that the City of Williston will be implementing their downtown streetscape renovation plan. The building will consist of approximately 6,600 square feet of first floor retail space and approximately 7,500 square feet of third floor office space. The building will also include a tempered parking facility with parking behind the retail, behind the office, and the entire second floor. Above the retail, office and parking will be four floors of residential apartments with approximately 15 units per floor. The development will endeavor to afford a mixture of rental ranges to meet as many income levels as possible and increase the number of housing for essential workers. We appreciate your consideration of THE RENAISSANCE ON MAIN and are looking forward to another successful Renaissance project. Sincerely, THE RENAISSANCE COMPANIES Paul Russo PAUL RUSSO PROJECT DEVELOPMENT MANAGER -4-

PROJECT SUMMARY 60 Residential Units; consisting of 30 Essential Worker Units & 30 Market Rate Units 6,600 Square Feet of Retail Space 7,500 Square Feet of Office Space Tempered Parking Garage Call

208 Spectacular Apartment Homes * Essential worker units (30) from $895 per month * Market rate units (30) from $1,800 per month * Studios, 1, 2, & 3 BR s * Luxury finishes * Individual heat & air *

5 PROJECT SUMMARY 60 Residential Units; consisting of 30 Essential Worker Units & 30 Market Rate Units 6,600 Square Feet of Retail Space 7,500 Square Feet of Office Space Tempered Parking Garage Call for Pricing ext. 208 Spectacular Apartment Homes * Essential worker units (30) from $895 per month * Market rate units (30) from $1,800 per month * Studios, 1, 2, & 3 BR s * Luxury finishes * Individual heat & air * In-unit washer/dryer * New tempered parking garage * Elevator building * Large private furnished roof deck * Onsite management Prime Downtown Retail Space * Main Street frontage * 6,600 total sq. ft. (approx.) * From 1,000 sf. and up * Boutiques * Cafe First Class Office Space * Private or Shared Furnished offices * 7,500 total sq. ft. (approx.) * From 200 sq. ft. and up * Private meeting rooms * Conference rooms * Answering/mail service * Multi-Media Center -5-

6 NORTH The Renaissance Companies Specialized Real Estate Concepts Since 1989 AREA PHOTO -6-

7 NORTH The Renaissance Companies Specialized Real Estate Concepts Since 1989 NEIGHBORHOOD PHOTO -7-

8 NORTH The Renaissance Companies Specialized Real Estate Concepts Since 1989 SITE PHOTO -8-

9 The Renaissance Companies Specialized Real Estate Concepts Since 1989 RENAISSANCE: a rebirth, a renewal of life. CURRENT VIEW PROPOSED VIEW -9-

10 ARCHITECTURAL DRAWINGS 1) Site Plan 2) 1st Floor Plan 3) Detail of Retail (NE) 4) Detail of Retail (SE) 5) 2nd Floor Plan 6) 3rd Floor Plan 7) Detail of Office (NE) 8) Detail of Office (SE) 9) 4th Floor Plan 10) 5th Floor Plan 11) 6th Floor Plan 12) 7th Floor Plan -10-

11 DEVELOPMENT EXPERIENCE The following rental projects were developed under the Low Income Housing Tax Credit program (Section 42 of the Internal Revenue Code). RRG Development, our tax-credit development company, arranged for site selection and acquisition, layered financing, architectural design oversight, construction project management and marketing, lease-up and property management. The Renaissance Companies has grown to nearly 80 employees, expanded their marketplace to Davenport Iowa, and is now focused on bringing their talents to Williston. Development Year Total Project Value Components Wicker Park Place 1989 $3,000, unit historic preservation rehab SRO Renaissance West 1993 $4,500, unit new construction SRO Lyndale Place 1996 $7,000, unit gut rehab multi-family Renaissance Center 1999 $13,000, unit new construction SLF* Renaissance North 2001 $14,000, unit mixed-use multi-family Renaissance Saint Luke 2003 $14,000, unit new construction senior independent Wicker Park Renaissance 2007 $11,000, unit historic preservation rehab of Wicker Park Place Saint Luke Renaissance - Greenview Place 2008 $35,000, unit new construction Supportive Living Facility (SLF) Senior Medicaid Waiver Program The Taylor Renaissance 2010 $10,500, unit historic preservation rehab and new construction senior independent The Jackson Renaissance 2012 $11,000, unit historic preservation rehab and new construction senior independent The Kilpatrick Renaissance 2013 $21,000, unit new construction senior independent -11-

12 These developments were created by Carlton Development Corporation, our market-rate development company. Carlton arranged for site selection and acquisition, financing, architectural design oversight, construction project management, marketing, lease-up and property management. Development Year Total Project Value Components Elston-Webster Industrial Center 1988 $5,000, acres, 145,000 sf site leased to light manufacturing users Cloister of Wicker Park 1990 $3,000,000 Conversion of 42-unit apartment building to condo Cathedral Row/Cathedral Place 1992 $2,300,000 Conversion of funeral home to 13 condos/townhouses Honore Row 1993 $1,500,000 8 townhomes new construction McLean Place 1994 $650,000 3 townhomes new construction Renaissance Mews 1995 $1,800, townhomes, new construction Bell Tower Lofts 1996 $4,500,000 Conversion of Catholic Church/school to 18 condos Churchill Park Place 1999 $8,000, residential/5 commercial condos new construction -12-

Chicago, Illinois 60647-5503 Tel 773-278-8448

13 it s time to live in a Renaissance property The Renaissance Companies 2001 West Churchill Street Chicago, Illinois Tel Fax

Lipe Property Company

Lipe Property Company Lipe Property Company is anchored by three Principals: Steve Lipe who manages all aspects of the development including design, marketing, sales and leasing and program management,