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Semelhante a 2014 Focus North Texas Carrollton TOD
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2014 Focus North Texas Carrollton TOD
- 1. Where Connections Happen Peter J. Braster Senior Development Manager
- 2. Transit System Map Opened 12/2010
- 4. Square
- 5. Square
- 7. Phase 1 98% Leased in 8 months! • 314 Apartments: Phase 1 = 8 Live/Work + 170 apartments Phase 2 = 134 apartments • Twisted Root Restaurant • Parking Garage: 460 spaces which includes 125 municipal spaces • Development Budget: Phase 1 $25,941,667 Phase 2 $10,754,723
- 8. Carrollton’s 1st Public/ Private Partnership City Participation: $13,233,726 • • • • • $8,050,000 Ground Lease Parking Garage Lease Funded Parking Garage (Include 125 Public Spaces) Public Infrastructure: Utilities, Streets, Streetscape Construction Security Incentive Refunded with Interest 1 year early • 50 / 50 Profit Share • Expect Profit return by 2015
- 9. 5/31/11
- 10. 8/2/12
- 11. Union at Carrollton Square Phase 2
- 12. Union at Carrollton Square Phase 2
- 14. Trinity Mills Transit District is the #1 TOD Development Opportunity in North Texas with 25.5 acres of developable land owned by the City of Carrollton and Dallas Area Rapid Transit.
- 15. Master Developer To Be Announced Soon!
- 16. DART System Map
- 21. Lessons Learned
- 22. Who is the Right Developer?
- 23. Who is the Right Developer? It could be a great team of firms.
- 24. Who is the Right Developer? It could be a great team of people.
- 25. Who is the Right Developer? It could be a big name.
- 26. Who is the Right Developer? You will know them when you see them. Some things to consider: • Make sure the bench is deep. Your deal is with the firm not the person. • Are they a Merchant Developer? Build and sell. • Are they in it for the Long Haul? Build and hold.