Proposal to the Little Rock Technology Park Authority. To Locate the Little Rock Technology Park at Asher/University Avenue

Transcription

1 Proposal to the Little Rock Technology Park Authority To Locate the Little Rock Technology Park at Asher/University Avenue A joint proposal from the University District Development Corporation and Flake & Kelley Commercial Introduction The University District Development Corporation (UDDC) and property owners represented by Flake and Kelley Commercial propose a site for the Little Rock Technology Park located generally at the southeast corner of Asher Avenue and University Avenue, immediately south of the University of Little Rock campus. The site includes the Village Shopping Center, the Rush property immediately south of the Village, the Coleman Dairy property, and Good Old Days Foods, Inc property on S. Polk Street. Also, additional owners of properties generally in the southeast corner of Asher and Mabelvale Pike have been contacted and some will agree to be included. These properties abut the Coleman Dairy property and the Good Old Days Food, Inc. Property. The following information summarizes the attributes of the Asher/University site for the Little Rock Technology Park and this package includes the site submission criteria materials requested by the Little Rock Technology Park Authority on July 10, Page 1 of 6

2 Park Location Criteria (Angle Technology Group) This Asher/University location meets both the business park criteria and the research park criteria set forth by the Angle Technology Group in its 2009 report, Study and Recommendations for a Research Park in Little Rock, Arkansas. The site is bounded on two sides by arterial streets, Asher Avenue and South University Avenue, providing visibility from well-traveled roads and easy access to main thoroughfares. The site has easy access to restaurants, hotels, retail services and housing, and it has room for expansion. This site is immediately adjacent to the UALR Campus and within a short drive to UAMS and Arkansas Children s Hospital. The site has access to high-speed broadband communication facilities. 21 st Century Research Park Opportunities (Battelle Report) Moreover, the Asher/University location reflects the characteristics of university research parks described in Characteristics and Trends in North American Research Parks: 21 st Century Directions prepared by Battelle Technology Partnership Practice in cooperation with the Association of University Research Parks in October, Urban Community Revitalization. Recently, a number of universities located in urban settings have begun to apply the research park concept not only to provide needed R&D space for academics and their industry collaborators, but also to stimulate the redevelopment of neighborhoods. Research parks may have a role to plan in cities seeking to grow their technology industry base. Page 2 of 6

3 The site anchors the University District, a 3.5 square mile area around the UALR campus with approximately 9,740 people living in 3,850 households. The University District s mission is to create a dynamic urban place, improving the quality of life for all those who live, learn, work, and play in the area. Location Located in the heart of Little Rock, the Asher/University Avenue Technology Park Site totals acres with 14 acres of existing grading and infrastructure available for immediate development. Anchored by the existing Village Shopping Center at Asher/University Avenue, the site: Sets immediately adjacent to the University of Arkansas at Little Rock campus and within 3 miles and 7 minutes driving time of the University of Arkansas Medical Sciences campus. Anchors the University District, a 3.5 square mile revitalization area surrounding the UALR campus. Is located within 12 miles of the Little Rock Regional Airport and the Little Rock Port Authority by way of State Highway 5/U. S. Highway 67. Is located within 1.7 miles of I-630 and 5 miles of I-30. Wraps around the newly acquired University Village UALR Student Housing and the newly constructed UALR Track and Field and Intermural Athletic Facility. Connects to the light industrial area at the southwest corner of Asher Avenue and Mabelvale Pike, where several owners are interested in their properties being included. Page 3 of 6

4 Existing Site Improvements The Asher/University Site has existing parking lots, buildings, and drainage/utility infrastructure on 14 acres in acceptable condition for immediate development. It includes: Approximately 150,000 square feet of retail office space that can be used for interim or temporary facilities until permanent technology park facilities are planned, designed and constructed; Approximately 520 surface parking spaces on existing parking lots; An outparcel building, formerly occupied by a branch bank, that could be used immediately as an on-site office facility for the Technology Park Authority and its development staff and consultants. No Residential Displacement The site includes no residential neighborhoods, single family or multi-family housing. There will be no residential displacement. Community & Business Support The University District includes several single-family residential neighborhoods, several of which are represented by neighborhood, residents or property owners associations. The leaders of these groups make up the University District Neighborhoods Association, which endorsed the Asher/University location for the Technology Park. The Meadowcliff/Brookwood Neighborhood Association represents neighborhoods in the Hindman Park area, south of the Asher/University intersection. They also support the location for the Technology Park site. Also, several owners of businesses and properties within the Four Corners (Asher/University Intersection) meet frequently to address development issues in the area. They also voiced strong support for the location. Page 4 of 6

5 University District Development Corporation Role Incorporated in 2008 as a 501 (c) 3 private nonprofit community development corporation, the UDDC was formed to develop affordable housing, encourage business development, and make neighborhood improvements within the University District. Four major goals drive the UDDC s current plan to improve the quality of life within the University District: Increase property values and improve affordable housing conditions Improve neighborhood infrastructure especially sidewalks, trails, and safe streets Increase levels of personal safety and outdoor activity creating an active, healthy neighborhood Increase the number of middle-income residents living in the area The UDDC is available to assist the Little Rock Technology Park Authority with building community relations and integrating the technology park development with the surrounding area. The UDDC Board of Directors was appointed in Board members and officers have served continuously since that time. One-fourth of the Board members are UALR faculty and staff and one-half of the Board members live within the University District. Paula Casey, Chair Joe Busby, Vice Chair Hillis Schild, Treasurer Marsha Vault, Secretary Kim Evans Mike Gerfen Marq Golden Liz MacKenzie Sedrick Mays Paula Rogers Raymond Scott Edward Swaim Debra-Simpson Webster Page 5 of 6

6 Conclusion The Angle Technology Group Report states that, in a knowledge economy, knowledge creation, innovation and networking are key drivers for economic development and growth. With immediate access to UALR and close proximity to UAMS and Arkansas Children s Hospital, the Asher/University Avenue Technology Park site provides the best location for knowledge creation, innovation and networking. The Asher/University Avenue site provides the best setting for the Board to fulfill its mission to further the knowledge-based economy of Little Rock, Arkansas. Page 6 of 6

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9 Little Rock Technology Park Site Submission Summary Site Submitted to: Little Rock Technology Park Authority August 31, 2012

10 Little Rock Technology Park Site Submission Summary Site Identification (general description, such as street boundaries, contiguous landmarks, etc.): Site Owner(s): Parcel #1: Village SC: Greater Missouri Builders, Inc. (represented by Flake & Kelley) Parcel #2: Rush Engine Rebuilders, In. (represented by Steve Hockersmith and submitted with Permission by Flake & Kelley) Parcel #3: Coleman Family, LLC (represented by Flake & Kelley Parcel #4: Good Old Days Foods, Inc. (submitted with permission by Flake & Kelley) Site Representative: Ron Copeland University of Arkansas at Little Rock/University District Partnership Hank Kelley Flake & Kelley Commercial Location Description (expand location description with map on attached Exhibit A ): This site is located at the southeast intersection of Asher and University and contains land currently occupied by the Village Shopping Center, land to the south of that Center, land to the south and east of the UALR Sports Complex, and Land currently occupied by Good Old Days Foods, Inc. Legal Description: Exhibit B - Not yet available Site Dimensions: Exhibit C - Survey not available for all parcles Site Area (size): Approximately acres Site Topography if Available: Attached Exhibit D Natural Features: Attached Exhibit E

11 Little Rock Technology Park Site Submission Summary Description of Improvements: Attached Exhibit F Zoning: Commercial Description of Utilities (capacity and location Exhibit G ): Entergy Information: There are two circuits that are adjacent to this property. Circuit K350, out of LR South Substation Transformer #1, is located on the east side of the property along Mabelvale Pike. The substation transformer has approximately 10 MVA of capacity. The K350 circuit has approximately 5 MVA of capacity. Circuit V640, out of LR Rock Creek Substation Transformer #2, is located on the west and north sides of the property. The substation transformer has approximately 8 MVA of capacity. The V640 circuit has approximately 4.5 MVA of capacity. Telecom Information: Telecommunications Infrastructure at the Asher/University Site UALR has 48 strands of fiber running between the UALR data center in Fribourgh Hall to the UALR Sports Complex south of Asher Avenue. 24 of those 48 strands are used to connect UALR s University Village student housing development south of Asher Avenue. UALR currently drives two strands of fiber at 10 gig. Currently technology can take these same two strands to 100 gig. Given that UALR has 48 strands of fiber, bandwidth should be sufficient for a technology park facilitaty at the Asher/ University Avenue site. Arkansas Research and Educational Optical Network (ARE-ON) ( connects to both UAMS and UALR with a direct fiber connection which runs through the Oak Forest area. ARE-ON s fiber leaves UALR campus and travels down University making a connection in Monroe, LA. ARE-ON is a consortium of research and education institutions and public service agencies that was formed to foster the development of Arkansas research, education, public service and economic development.

12 Little Rock Technology Park Site Submission Summary The mission of ARE-ON is to promote, develop and apply advanced application and communication technologies to support and enhance education, research, public service and economic development. EAST SIDE Buried Cable 646 Aerial Cable 64 SOC Terminals AT&T Wireless Tower ALLtel Tower Fiber Mux Fiber FDF Fiber Cable approx. 100 WEST SIDE Buriec Cable 1019 Aerial Cable closures 3 poles BO RB 4101 Village 7 Terminals TOTAL Buried Cable 1665 Aerial Cable 880 SOC Terminals AT&T Wireless Tower Alltel Tower 2 Closures 3 poles box Fiber Mux, Fiber FDF & approx. 100 of Fiber Cable

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16 Exhibit F Village SC Improvements: Improvement Information Commercial Improvements Building 1 Section #: Commercial Improvement #1 Business VILLAGE SHOPPING CENTER Name: Location: 3901 S UNIVERSITY AVE LITTLE R Total SF: 149,549 Stories: 1 Year Built: 1951 Effective 40 Age: Occupancy: Code Description Class Percent 413 Community Shopping Center C-2 100% Additive Items: Description Qty. Canpy, Pch, Deck,Atrium,Balc,Walkw Porch, Covered 9641 Fences, Chainlink Fence - ChainLink 6ft - Lnft 150 Fences, Chainlink Fence - ChainLink Add 3-Strand 150 Lighting Lighting-Floodlights, Mercury 24 Lighting Poles, Steel-Conc, per foot of 325 Paving 4" Asphalt-4" base Paving 4" Concrete, reinforced 1500 Signs Sign Posts or Poles, 6 in 120 Signs Signs, metal, single face pain 450 Utility Bldgs, Barns, Sheds Utility Building, Masonry 64 Utility Bldgs, Barns, Sheds Utility Building, Masonry 96 Utility Bldgs, Barns, Sheds Utility Building, Wood Frame 120 Wet Sprinklers 50% Structural Elements: Description Ceilings Suspension System Electrical Average Exterior Walls Concrete Block/Stucco Exterior Walls Load Bearing Floor Covering Asphalt Tile Floor Covering Carpet Floor Covering Ceramic Tile Floor Structure Slab Grade Foundation Concrete Heating and Cooling Warm and Cool Air Insulation Ceilings Interior Finish Dry Wall Plumbing Lavatory Plumbing Sink Plumbing Water Closet Plumbing Water Heater Roof Cover Tar & Gravel Roof Structure Steel Joist, Comp Site Work Preperation Structural Frame Concrete Block Qty.

17 Good Old Days Foods Improvements: Improvement Information Commercial Improvements Building 1 Section #: Business GOOD OLD DAYS FOODS Name: Location: 3300 S POLK ST LITTLE ROCK Total SF: 2,743 Stories: 1 Year Built: 1975 Effective 12 Age: Occupancy: Code Description Commercial Improvement #1 Class Percent 344 Office Building S-2 100% Additive Items: Description Qty. Canpy, Pch, Deck,Atrium,Balc,Walkw Patio Cover, Aluminum or Steel 1920 Canpy, Pch, Deck,Atrium,Balc,Walkw Porch, Covered 560 Docks, Shipping & Loading Dock Hght Floors 0-5k sqft Docks, Shipping & Loading Docks - Levelers Hydraulic 6 Fences, Chainlink Fence - ChainLink 6ft - Lnft 1200 Fences, Chainlink Fence - ChainLink Add 3-Strand 1200 Paving 4" Concrete, reinforced Utility Bldgs, Barns, Sheds Utility Building, Light Metal 300 Structural Elements: Description Ceilings Suspension System Electrical Average Exterior Walls Concrete Block Exterior Walls Load Bearing Floor Covering Carpet Floor Covering Vinyl Tile Sheet Floor Structure Slab Grade Foundation Concrete Heating and Cooling Warm and Cool Air Insulation Ceilings Insulation Roof Interior Finish Dry Wall Plumbing Lavatory Plumbing Water Closet Plumbing Water Heater Roof Cover Tar & Gravel Site Work Preperation Structural Frame Concrete Block Qty. Building 2 Section #: Business Name: Location: Total SF: 39,750 Stories: 1 Year Built: 1975

18 Effective 12 Age: Occupancy: Code Description Class Percent 334 Industrial Mftg. (Obsolete) S-2 100% Structural Elements: Description Ceilings None Electrical Average Exterior Walls Load Bearing Exterior Walls Tilt-Up Panel Floor Covering None Floor Structure Elevated Slab Foundation Concrete Heating and Cooling Warm and Cool Air Insulation Roof Interior Finish None Plumbing Lavatory Plumbing Water Closet Plumbing Water Heater Roof Cover Tar & Gravel Roof Structure Steel Joist, Comp Site Work Preperation Structural Frame Concrete Block mprovement Information Commercial Improvements Building 1 Section #: Business GOOD OLD DAYS FOODS INC Name: Location: 5600 POLK ST Total SF: 7,550 Stories: 1 Year Built: 1975 Effective 25 Age: Occupancy: Code Description Qty. Commercial Improvement #2 Class Percent 334 Industrial Mftg. (Obsolete) C-2 100% Additive Items: Description Qty. Docks, Shipping & Loading Dock Hght Floors 5k-10k sqft 4000 Docks, Shipping & Loading Docks - Levelers Hydraulic 3 Docks, Shipping & Loading Docks - Structural Steel or Co 520 Fences, Chainlink Fence - ChainLink 6ft - Lnft 900 Fences, Chainlink Fence - ChainLink Add 3-Strand 900 Paving 4" Asphalt-4" base Utility Bldgs, Barns, Sheds Utility Building, Light Metal 300 Structural Elements: Description Ceilings None Electrical Average Exterior Walls Load Bearing Exterior Walls Tilt-Up Panel Floor Covering None Floor Structure Elevated Slab Foundation Concrete Qty.

19 Heating and Cooling Warm and Cool Air Insulation Roof Interior Finish None Plumbing Lavatory Roof Cover Tar & Gravel Roof Structure Steel Joist, Comp Site Work Preperation Structural Frame Concrete Block

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