Development Profile: Project name: F11 Apartments Project address: 812 Park Boulevard Owner/Developer: The Richman Group Downtown neighborhood: East Village Market: Mixed-use development (Multifamily residential and commercial)
Building specifications and figures: Current status: Under Construction. 7 story low-rise (85 ft. tall) 137,511 sq. ft. above grade sq. ft. of building. 99 residential units (37 studio units, 11 one bed, 51 two bed) 104 total parking spaces 4,254 sq. ft. common outdoor space 5644 sq ft. ground floor retail space LEED certification: Pending
Economic impact: $776,772 development impact fee (DIF). Funding share for new parks, fire station, and traffic circulation improvement in Downtown. Approximately 107 construction jobs and 27 permanent jobs created. DoInclusionary housing ordinance fee, in lieu of providing affordable units: $1,008,687
Building efficiency: Solar PV System 5 electric automobile charging stations Energy star appliances Photocell lighting for exterior Low flow faucets, shower heads, and faucets Green cleaning program Smoke-free public spaces
Development Profile: Project name: 11th and Broadway (Pinnacle towers) Project address: 1100 Eleventh Avenue Owner/Developer: Pinnacle International Downtown neighborhood: East Village Market: Mixed-use development (Multifamily residential and commercial)
Building specifications and figures: Current status: Under Construction. Tower 1: 307 residential units|31 stories (310 ft.) Tower 2: 309 residential units|32 stories (319 ft.) 39 total affordable rental units. 10,630 sq ft. amenity space, green space, swimming pool. 11,361 sq. ft. of street-level commercial space. 40,000 sq ft. lot size LEED certification: Pending
Source: Martinez + Cutri Corporation.
Projected construction costs: tower 2 $97,614,718 total cost to develop tower 2. Land cost: $2,740,000 Hard and Soft construction cost: $75,576,521 ($242,232 per-unit) Parking garage: $13,387,500 ($37,500 per-space) Financing cost: $5,910,697 (insterest /fees) Tower 1 costs are approximately similar to tower 2. Total approximate cost for tower 1 and tower 2: $195,229,436