BNIM Powerpoint Template - Kansas City Public Schools

WESTPORT COMMONS UPDATE
KC Sustainable Development Partners
23 February 2015
Kansas City
Sustainable Development Partners
URBAN ACUPUNTURE
Bob Berkebile
David Brain
Butch Rigby
Louis D. Steele
E.F. Chip Walsh
Swinney
CATALYTIC DESIGN + INVESTMENT
HISTORIC PRESERVATION + ADAPTIVE REUSE
REAL ESTATE + FINANCE
BUSINESS CONSULTING
REGULATORY COMPLIANCE
PROJECT MANAGEMENT
Homestead
Westport Commons
WESTPORT MIDDLE SCHOOL
Institute for Community – August 2012
Center for Community Vitality – April 2013
Original Development
Primarily Housing
Secondary Commercial Use
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85 Housing Units
Cultivate KC
Bridging the Gap
KC Healthy Kids
Metropolitan Energy Center
Botanical Gardens & Commons
WESTPORT MIDDLE SCHOOL
Westport Commons – February 2015
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85 Housing Units
Cultivate KC
Bridging the Gap
KC Healthy Kids
Metropolitan Energy Center
Botanical Gardens & Commons
Community Forum by Screenland
WHY HOUSING WAS DISPLACED?
Increased Demand / Interest for Commercial Uses + Abundant Residential Development Exists
August 2012
February 2015
CULTIVATE KC
CULTIVATE KC
BRIDGING THE GAP
BRIDGING THE GAP
KC HEALTHY KIDS
METRO ENERGY CENTER
POOL & WELLNESS
85 HOUSING UNITS
KC HEALTHY KIDS
ARCHITECTURE AND DESIGN
METRO ENERGY CENTER
HISTORIC PRESERVATION
POOL & WELLNESS
ADAPTIVE REUSE
KC LEAN LAB
REAL ESTATE
SPECTRUM STATION Early Learning Center
FINANCE
TRUMAN MEDICAL CENTER
BUSINESS CONSULTING
(Integrative Health and Resilience)
LEGAL AND REGULATORY COMPLIANCE
CHILDREN’S MERCY HOSPITAL
PROJECT MANAGEMENT
(Center for Environmental Healthy Building Academy)
CITY IN MOTION
CULINARY INSTITUTE
MINDDRIVE
BLUERIVER WATERSHED ASSOCIATION
COMMUNITY FORUM by SCREENLAND
LITERACY KC
EN:CODE Coding School
Neighborhood Residential Development
3745 Warwick
18 units
MAC Apartments
1181 units
90.2% capacity
Union Hill
500 units
Gillham Park Row
25 units
3635-45 Warwick
23 units
3932-34 Warrick
29 units
3740-44 Warwick
15 units
The Garrett
4060 McGee
11 units
Why did we lose the
Botanical Gardens?
Westport Middle School
Sources and Uses
1st Mortgage Debt
Federal Historical Tax Credits
State Historical Tax Credits
New Market Tax Credits
Brownfields
Owner Equity
Total Sources
$ 6,802,000
$ 2,443,004
$ 3,229,759
$ 3,198,000
$ 300,000
$ 3,147,508
$19,120,271
Acquisition + Construction
Soft/Professional Costs
Total Uses
$14,638,290
$ 3,981,568
$19,120,271
Westport Middle School
Schedule (In Progress)
DECEMBER 2014
 Commence Select Interior Demolition Work
(Floors + Ceilings)
JANUARY 2015
 Select General Contractor (Centric Projects)
 Engagement of Architect (BNIM Architects)
 Begin Pre-Construction Design Services
FEBRUARY 2015
 Community Neighborhood Meeting
Re: Updated Development Plan / Uses
 Amend Property Use Description Agreement
 Obtain/Update Preliminary Term Sheets
APRIL 2015
 Submit Master Planned District Zoning
Application
 Submit NPS Part 2 Application (plus
companion state application)
MAY 2015
 Finalize Financing Term Sheets
 Finalize Tax Credit Investors – Historic
and New Market
JULY 2015
 NPS Part 2 Approval (expected)
AUGUST / SEPTEMBER 2015
 Construction Closing
“This will redefine healthy living, community vitality and
resilience.”
WESTPORT COMMONS
KC Sustainable Development Partners
23 February 2015
Kansas City
Sustainable Development Partners
URBAN ACUPUNTURE
Bob Berkebile
David Brain
Butch Rigby
Louis D. Steele
E.F. Chip Walsh
Swinney
CATALYTIC DESIGN + INVESTMENT
HISTORIC PRESERVATION + ADAPTIVE REUSE
REAL ESTATE + FINANCE
BUSINESS CONSULTING
REGULATORY COMPLIANCE
PROJECT MANAGEMENT
Homestead
Westport Commons
On the Walls at Westport High:
“The world we have created is a product of our thinking:
It cannot be changed without changing our thinking.”
-Albert Einstein
THE WORLD IS TAKING NOTICE!
KC HAS A GREAT ECOSYSTEM FOR ENTREPRENEURS
“Kansas City Is Building America’s Most
Entrepreneurial City” – HUFF POST
“Missouri beats out California & New York for
growth in technology jobs.” – KC Business Journal
“#1 High-Tech Cities you’ll want to
call home.” – PC
“Kansas City is the most
promising TechHub” – techie.com
“#1 City in the U.S. for Starting Online
Business.” – highspeedinternet.com
“#1 Best City to Keep on your
Radar” –HUFF POST
“Google Fiber has #1 download speeds in
America” – Netflix
“# 4 Best City for Young
Entrepreneurs” –Under30CEO
“#10 Best zip code in America” –
Business Insider
“#13 Best city for Female
Entrepreneurs” – Forbes
THE WORLD IS TAKING NOTICE!
KC HAS A GREAT ECOSYSTEM FOR ENTREPRENEURS
“Kansas City as TOP 5 Best cities for Entrepreneurs WORLDWIDE”
– Global Entrepreneurs Network & META Group
“Freelance worker available at a moment’s notice will
reshape the nature of companies and the structure of
careers.” – The Future of Work, The Economist
BUT WHAT’S MISSING?
BAD NEWS…
Why is KC falling behind on creating new jobs?
-A recent Brookings study ranks KC 73rd
of 80 in recovering from recession
wework
Why are there 2,400 coding jobs available and
no coding school in KC?
Local companies (Cerner, Sprint, Garmin, DST)
are importing thousands of workers/stealing
from each other
Cerner alone will need 5,000 NEW coders in
the next 5 years.
16,500 new STEM jobs in KC by 2020.
KC generates new inventions at 1/3 rate of the
rest of U.S.
#1 in 2012
& 2013
#10 in
2014
“MISSOURI RANKING AS FASTEST
GROWING IN COMPUTER DESIGN”
– DICE
WHAT DO START-UPS / INNOVATORS WANT?
1. Access to talent (most important)
2. Access to mentors
3. Access to high-tech, collaborative office space
Place that captures the creative mindset
Walkability and green space
Member benefits/discounts
Affordable/convenient transportation options
Access to investors/capital
Access to resources and education
Low cost of living
Close proximity to housing
Access to service to help grow business
“One stop shop” – Nothing like this anywhere!
WHAT IS IT?
A COLLECTION OF THE BEST…
Accessible and Connected
Co-Working
Accelerators
Coding School
Maker Space
Futures Forum
by Screenland
Work-Live
Tenants / Partners
TENANTS
 En:Code (Computer Coding School)
 Truman Medical Center
(Integrative Health and Resilience)
PARTNERS / COLLABORATORS / ADVISORS

Ryan Weber, KCnext
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Maria Meyer, US SourceLink, UMKC Innovation Center
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Matt Condon, Big 5 Initiative on Entrepreneurship,
Board member, KC Sourcelink and Enterprise KC
 Early Learning Center
by Spectrum Station
 Literacy KC
 Futures Forum by Screenland
 MINDDRIVE
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Tom Boozer, Regnier Institute for Entrepreneurship
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Alex Altomare, Lean Lab, En:Code
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Peter deSilva, UMB
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Jo Anne Gabbert, Core Catalysts
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Stephen Hardy, MindMixer
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Steve Rees, MINDDRIVE
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Dan Cooper, Indicia
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Michael Foust, Culinary Institute
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WeWork (New York)
Early Learning Center
Spectrum Station
Culinary Institute
Westport High School
Sources and Uses
1st Mortgage Debt
Federal Historical Tax Credits
State Historical Tax Credits
New Market Tax Credits
Owner Equity
Total Sources
$ 9,341,774
$ 2,923,384
$ 3,826,194
$ 3,198,000
$ 3,716,862
$23,006,214
Acquisition + Construction
Soft/Professional Costs
Total Uses
$17,738,786
$ 5,267,428
$23,006,214
Westport High School
Anticipated Schedule
OCTOBER 2014
 KCSDP Development Plan Submitted
FEBRUARY 2015
 Community Presentation + Feedback
MARCH 2015
 KCPS Selects a Preferred Developer for
Westport High School
 Negotiate/Execute a Purchase and Sale
Agreement, plus related agreements
APRIL 2015
 Commence Due Diligence Inspection
Period
 Site Access for General Contractor
Bidding
 Initiate (or finalize) National Register
Nomination
JUNE 2015
 Complete Due Diligence Inspection Period
 Complete General Contractor
Bidding/Selection
 Commence Design Drawing Work for NPS
Part 2 Submittal
JULY 2015
 Acquisition Closing
SEPTEMBER 2015
 Zoning + NPS Part 2 Submittals
OCTOBER / NOVEMBER 2015
 Achieve Break-Even Point for Commercial
leases
 Finalize Project Financing Components
JANUARY / FEBRUARY 2016
 Construction Closing
MINDDRIVE
“This will redefine creativity, collaboration and
innovation…a business model for the 21st Century.”