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the A Better View R E P U R P O S E A N D R E V I TA L I Z E E H B C O M PA N I E S DREAM, DESIGN, DELIVER EHB Companies (EHB Cos.) is a branded-group of real-estate development and building companies headquartered in Las Vegas, Nevada. Since 1993 EHB Cos’ principals, Yohan Lowie, Vickie DeHart and Paul DeHart, have developed more than three million square feet of commercial, residential and retail properties, including the acclaimed One Queensridge Place, Tivoli Village and Sahara Center. EHB Cos. designed and is presently constructing the new Nevada Supreme and Appellate Court Building in downtown Las Vegas. The building will be leased to the State of Nevada and is expected to be completed in December of 2016. E H B Cos. M I S S I O N To develop timeless, aesthetically inspired real estate properties that provide the catalyst for vibrant, transformative communities. EHB Cos. has a passion for world-class architectural design and a commitment to delivering the most distinctive properties made possible by its unprecedented production and sourcing capabilities. EHB Cos. is comprised of a team of impassioned professionals with an entrepreneurial spirit and commitment to delivering timeless product that transform communities. THE C O M PA N Y There is no other independent developer that has contributed more or had a larger impact on Queensridge and the surrounding area. T H E C O M PA N Y 20 Years In The Neighborhood EHB Cos. has built over 3 MILLION SQ FT of residential and commercial ONE QUEENSRIDGE PLACE TIVOLI VILLAGE properties and has invested over $1 BILLION, all within a 1.5 MILE radius of Queensridge. ONE QUEENSRIDGE PLACE 219 Unit High Density Multi-Family Residential Condominiums CHARLESTON STONE MART BUILT � 40% OF ALL CUSTOM HOMES IN QUEENSRIDGE SAHARA CENTER FORT APACHE COMMONS TIVOLI VILLAGE 451,000 sq ft Mixed Use Center SAHARA CENTER 222,000 sq ft Retail Center LAKE SAHARA PLAZA LAKE SAHARA PLAZA 153,000 sq ft Nursing Home + Office Center FORT APACHE COMMONS 65,000 sq ft Mixed Use Center CHARLESTON STONE MART 22,000 sq ft Retail + Office Center T H E C O M PA N Y Still In The Neighborhood The principals of EHB Cos. ALL ONE QUEENSRIDGE PLACE LIVE IN QUEENSRIDGE OR ONE QUEENSRIDGE PLACE and are the SINGLE LARGEST OWNERS within 10 CONDOMINIUMS both developments with a total of 15 residential properties. Additionally, EHB Cos. owns 275+ ACRES of undeveloped land including SEVEN RESIDENTIAL PARCELS and RENAISSANCE, a 23 acre retail/ RENAISSANCE commercial/residential site. Outside of the neighborhood: QUEENSRIDGE 2 LOTS & 3 HOMES EHB COS. CORPORATE HEADQUARTERS EHB Cos. designed, is constructing and owns the NEVADA SUPREME AND APPELLATE COURT BUILDING in downtown Las Vegas. RIGHTS Based on the land rights of the property on which Badlands golf course is currently operated and those of the Queensridge homeowners, EHB Cos. principals concluded that the land must be acquired in order to be protected from potentially destructive development. RIGHTS Land Rights: The Property is Zoned R-PD7 R-PD7 R-PD7 R-PD7 R-PD7 R-PD7 R-PD7 R-PD7 R-PD7 R-PD7 R-PD7 R-PD7 http://gisgate.co.clark.nv.us/openweb/ As shown on the Clark County zoning map, the Property is zoned R-PD7 (up to 7.49 du/ac) under the City of Las Vegas code. RIGHTS SUMMERLIN PKWY. Master Plan Land Rights: R-PD Zoning Southwest Sector Southwest Sector Southwest Sector Zoning As shown in the City Zoning Zoning of Las Vegas 2020 Southwest Sector Zoning U -- Undeveloped (GPA U- Undeveloped Undeveloped (GPA Designation) Designation) U R-A (GPA Designation) - Ranch Acres R-A -- Ranch Acres R-A - Ranch Acres R-A Ranch Acres R-E - Residence Estates R-E R-E -- Residence Residence Estates Estates R-PD - Residential Planned Development Residential Restricted R-D - Single-Family R-D R-D -- Single-Family Single-Family Residential Residential Restricted Restricted R-E - Residence Estates R-D - Single-Family Residential Restricted R-1 - Single Family Residential R-PD Planned Development R-PD-- Residential - Residential Planned Development R-PD Residential Planned Development R-1 -- Single Family Residential R-2 - Medium-Low Density Residential R-1 Single Family Residential R-MH - Mobile/Manufactured Home Residence R-CL - Single-Family Compact Lot R-1 - Single Family Residential R-3 - Medium Density Residential R-MH -- Mobile/Manufactured Home Residence R-MH Mobile/Manufactured HomeHome Residence R-4 - High Density Residential R-MH - Mobile/Manufactured Residence R-5 - Apartment R-CL Single-Family Compact Lot R-CL - Single-Family Compact Lot RAMPART BLVD. SUMMERLIN PKWY. U - Undeveloped (GPA Designation) Master Plan, the Property's zoning designation is R-PD (Residential Planned Development). R-CL - Single-Family Compact Lot R-MHP - Residential Mobile/Manufacture Home Park R-2 R-2 -- Medium-Low Medium-Low Density Density Residential Residential P-O - Professional Office R-2 Medium-Low Density Residential R-3 Medium Density Residential N-S - Neighborhood Services R-3 - Medium Density Residential CHARLESTON BLVD. R-3 High - Medium Density Residential R-4 Density R-4 -- High Density Residential Residential C-1 - Limited Commercial R-5 -- Apartment R-4 - High Density Residential R-5 Apartment O - Office C-2 - General Commercial WESTERN BELTWAY C-D - Designed Commercial R-MHP -- Residential R-MHP Residential Mobile/Manufacture Mobile/Manufacture Home Home Park Park R-5 - Apartment P-R Professional Offices And Parking P-R - Professional Offices And Parking C-M - Commercial Industrial M - Industrial TOWN CENTER DR. P-R - Professional Offices And Parking PD - Planned Development TC - Town Center O O -- Office Office C-D Commercial N-S-- Designed - Neighborhood Services C-D Designed Commercial ROI Zoning C-1 O --- Limited Office Commercial C-1 Limited Commercial Revised: February 18, 2015 ZON-56916 C-2 General C-2 - General Commercial Commercial SOURCE: City of Las Vegas , Planning and Development Department SAHARA AVE. C-D - Designed Commercial C-M Industrial C-M -- Commercial Industrial C-1 -Commercial Limited Commercial M Industrial M - Industrial C-2 - General Commercial C-V C-V -- Civic Civic GIS maps are normally produced C-M Commercial Industrial C-PB ---Planned Business Park to meet the needs of the City. C-PB only Planned Business Park Due to continuous development activity this map is for reference only. DESERT INN RD. TENAYA WY. P-C - Planned Community BUFFALO DR. C-PB - Planned Business Park CIMARRON RD. R-MHP - Residential Mobile/Manufacture Home Park C-V - Civic P-O EDROCK P-O -- Professional Professional Office Office P-R - Professional Offices And Parking SERVATION N-S Neighborhood - Neighborhood Services Services AREA N-S P-O - Professional Office RIGHTS R-PD7 Zoning Verification Letter Zoning verification was obtained from the City of Las Vegas confirming the Property is zoned R-PD7 and up to 1,900 homes can be built. Map 3: Southwest Sector Land Use Map 3: Southwest Sector Land Use RIGHTS Proper t y's Land Use: PR-OS Designation Map 3: Southwest Sector Land Use As shown in the City of Las Vegas 2020 Master Plan, the land use designation is PR-OS (Park/Recreation/Open Space) which offers other suggested land uses including a PUBLIC PARK, soccer fields, tennis courts and swimming pools, among others. RIGHTS Queensridge CC&R’s: The Property is Not a Part or Annexable M AS TER DECLARATI ON - 1996 + 2000 19 9 6 + 2 0 0 0 < AMENDED AND RESTATED DECLARATI O N - 20 00 RIGHTS Queensridge Lot Purchase Agreement … … RIGHTS One Queensridge Place: Purchase Contract + Public Offering Statement P U R C H A S E C O N T R A CT P U B L I C O F F E RI N G S TAT E M E N T - 2 0 0 7 (b) Seller makes no representation as to the subdivision, use or development of any adjoining or neighboring land…views from the Unit may be obstructed by future development of adjoining or neighboring land and Seller disclaims any representation that views from the Unit will not be altered or obstructed by development of neighboring land; (d) …Neither Seller nor its affiliates make any representation whatsoever relating to the future development of neighboring or adjacent land and expressly reserve the right to develop this land in any manner that Seller or Seller's affiliates determine in their sole discretion. RIGHTS Conclusion 1 The land has R-PD7 zoning rights 2 The land was protected for development and is currently developable up to 7.49 units per acre 3 EHB Cos. principals acquired the land to ensure that an economically viable project that enriches the overall neighborhood is developed THE NEW VISION A CULTURAL AND ECONOMIC STIMULUS PLAN that will revitalize the surrounding area by delivering a strategically planned MULTI- FAMILY RESIDENTIAL LIFESTYLE DEVELOPMENT (The Seventy) and an unrivaled SINGLEFAMILY CONSERVATION ESTATE NEIGHBORHOOD (The Preserve) on ���.� acres, ensuring the PERMANENT PRESERVATION OF ALMOST ��% OF THE PROPERTY. T HE NEW VI S I O N Ultra-low Density Meets Lifestyle Multi-Family Residential ALTA ENTRAN CE A LTA D R E AI VLTA ANGEL PARK GOLF CLUB DRIVE QUEENSRIDGE NORTH A T U D O R PA R K SUNCOAST HOTEL & CASINO LT A DR IVE ONE QUEENSRIDGE PLACE A PA I S. HUAL The PRESERVE TIVOLI VILLAGE RENAISSANCE The S . R A M PA W AY RT BL VD SEVENTY QUEENSRIDGE SOUTH W. C H A R L E S T O N B LV D . W. CHARLESTON ENTRANCE FA I RWAY POINTE W. C H A R L E S T O N B LV D . BOCA PARK The PRESERVE A �8 3 .7 acre PRESERVATION NEIGHBORHOOD comprised of ultra low density CONSERVATION ESTATES that will PERMANENTLY PRESERVE ��� acres of open space, vegetation and water through a conservation easement or deed restriction. T H E P R E S E RV E The Most Densely Landscaped, Large Estate Lot Community in Las Vegas ALTA ENTRANCE A LTA D RAI VLTA E DRIVE QUEENSRIDGE NORTH An incomparable single-family residential development with up to 60 CONSERVATION ESTATES or only 1 RESIDENTIAL UNIT PER EVERY 3 ACRES on average. In addition, 65% of the land will be The A PA S. HUAL PRESERVE preserved through a conservation easement or deed restriction. C O N S E R VAT I O N E S TAT E S I W AY Total Number: Maximum of 60 Estate Size: 1.5 to 5+ acres Buildable Area: Between 25%-50% of a given lot QUEENSRIDGE SOUTH Building Setback: Minimum of 50 ft from existing single-family residence property line 65% of the Property will be preserved W. CHARLESTON ENTRANCE W. C H A R L E S T O N B LV D . N AT U R E P R E S E R V E 100% of the property will be landscaped Number of Canopy Trees: (currently only 1,014) 7,500+ T H E P R E S E RV E Sample 5-Acre Conservation Estate The smallest lot is larger than the largest lot in Queensridge.* A LTA D R I V E SUNCOAST The sale of multi-million dollar HOTEL & CASINO A conservation estates and their LT A D RI ongoing maintenance fees VE will provide the economic ONE QUEENSRIDGE basis to PERMANENTLY PLACE PRESERVE 120 ACRES. A PA S. HUAL BL 5 acres VD Total Size: RT I W AY Portion Preserved: W R A M PA 3.75 acres or 75% Buildable Portion: 1.25 acres or 25% SAMPLE LOT Located between Orient Express and Winter Palace Drive Vegetation: 200+ trees Border Walls: W. C H A R L E S T O N B LV D . *Other than a few exceptions. W. C H A R L E S T O N B LV D . Predominately wrought iron T H E P R E S E RV E Sample 5-Acre Conservation Estate Terrain: Before + After BEFORE AFTER � 65% OF THE CURRENT GOLF COURSE IS BARREN T H E P R E S E RV E A Better View: Rendering of a 5-Acre Conservation Estate Northwest: From existing homesite on Winter Palace Drive north T H E P R E S E RV E A Better View: Rendering of a 5-Acre Conservation Estate West: Aerial view from Winter Palace Drive south The SE V E NT Y A multifamily residential lifestyle development designed to INCREASE LUXURY HOUSING options for existing residents and to attract NEW HIGH QUALITY RESIDENTS needed to drive retail success and overall NEIGHBORHOOD DESIRABILITY. THE SEVENTY An Invitation to the Quality Class A complimentary high quality, A LT highly amenitized luxury A DRIV E multi-family neighborhood where the density will provide retail revitalization. High WRAP WRAP .A. E.V PODIUM PODIUM quality retail always follows WRAP E.V .A. Ra TOWER WRAP So ut h PODIUM m pa rt PARK EVA/Pedestrian Trail E.V .A. high quality rooftops. ONE QUEENSRIDGE PLACE N.A.P. the demand necessary to drive Alta Drive PODIUM PODIUM BL PODIUM . A V. E. Number of Units: 3,020 TOWER PODIUM SIR WILLIAMS COURT Density: 45 du/ac Outdoor Amenities: 4.1 miles Parks: 2.5 acres + 1.5 acre pedestrian trails / walking loop dog park Common/Landscaped Open Space: 14.9 acres EVA/Pedestrian Trail GOOD DENSITY A. V. E. Vegetation: 2,000 trees S. R AM P 67.21 acres AR . T A V. E. Size: .A. E.V TOWER VD G E N E R A L D E TA I L S = GOOD DEMAND EXHIBIT L-1 CONCEPTUAL SITE PLAN 67.21 ACRES LUXURY MULTI- FAMILY 0’ THE SEVENTY First Phase: Development Area 1 Alta Drive An amenity rich 720 unit residential complex to be entitled and built as PARK condominiums, that will provide rental residences with the flexibility to adapt ONE QUEENSRIDGE PLACE to changing market conditions. N.A.P. CLUB Total Size: 17.49 acres WRAP .A. E.V Number of Units: 720 PODIUM TOWER WRAP So ut Phase 11: h Number of Units: 284 units Number of Buildings: 2 PODIUM Ra m pa rt WRAP E.V Phase 1: .A. Estimated Start Date: 2018 WRAP Estimated Start Date : 2020 Number of Units: 436 units PODIUM Number of Buildings: 2 .A. E.V TOWER E. . A V. PODIUM . A V. E. SIR WILLIAMS THE SEVENTY Development Area 1: Architectural Design NOT ALL PRODUCT IS CREATED EQUAL Inspired by late-19th Century Parisian architecture and designed to compliment the adjacent One Queensridge Place, the architecture is distinctively French-Art Nouveau with steep Mansard roofs and elegantly projecting balconies or “Juliettes”. THE SEVENTY 0 ,0 0 UNIT 2X THE DENSITY OF THE SEVENTY 31 ACRE S 3 Inspiration: The Park + The Village, Irvine Spectrum Center Note: $1,800/month for 550 sq ft S QU E E N S R I D G E TO DAY Queensridge is challenged by safety/security issues, tired amenities/facilities and nearby retail vacancies that in aggregate, have led to waning desirability and deteriorating property values. Q U E E N S R I D G E T O DAY The Community is Not Secure Due to the public golf 8ft course, open flow culverts A LTADD A LTA R IRV IEV E QUEENSRIDGE NORTH LT D A 8ft and low perimeter walls, A ALTA ENTRANCE R IV E Queensridge is especially vulnerable to crime. 25ft Solution: The PRESERVE 6ft The SEVENTY 1 Installation of underground drainage culverts A PA S. HUAL 2 Construction of a 10’ wall along the perimeter of The Preserve and The Seventy I W AY 3 Increasing the height of existing perimeter walls QUEENSRIDGE SOUTH W. CHARLESTON ENTRANCE W. C H A R L E S T O N B LV D . 27% of secured perimeter Q U E E N S R I D G E T O DAY Significant Neighborhood Retail Vacancies VD S . R A M PA RT vacant vacant BL R A M PA R T COMMONS � 45,000 sq ft TIVOLI VILLAGE � 100,000 sq ft W. C H A R L E S T O N W. C H A R L E S T O N B O C A PA R K � 120,000 sq ft vacant Great neighborhoods are defined by great retail Q U E E N S R I D G E T O DAY Lagging Property Values AVERA GE SA LES PRICE PER SQ FT* % DIFFERENCE TO QUEENSRIDGE QU EEN S R ID G E $195–– THE R ID G ES $363 86% RED RO C K C O U N TRY CL UB $265 35% CANYO N FA IRWAYS $222 14% TOURNA MEN T H IL L S $221 13% *Between 2012- mid 2015 (precedes development announcement) IN ADDITION FEMA FLOOD ZONE Only 25% in Designated Flood Plain Underground drainage culverts 75 % approved by FEMA, once completed will be maintained O F G O LF CO URSE IS N OT IN FEMA FLO O D ZO NE by the City of Las Vegas 15 homes on Orient Express and 4 common areas will be removed from being in FEMA flood zone FEMA FLOOD ZONE AREA EXCLUDED FROM FEMA FLOOD ZONE OPEN FLOW CULVERTS In 2006 EHB Cos. was awarded the Box Culvert Project of the Year. P RO P E RT Y G R A D I NG A Balanced Site Not one truck will enter or leave the Property with fill dirt. W E ENCOU RAGE YOU TO CONTACT US with any additional questions or concerns. To schedule a time to speak or meet, please contact Jennifer Knighton at 702-940-6930 or [email protected]