F11 Apartments

By: Blake Sonuga
January 8, 2019, 6:50 pm PST.

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.
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

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11th and Broadway (Pinnacle towers)

By: Blake Sonuga
January 4, 2019, 7:47 pm PST.

Martinez + Cutri Corporation.

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.

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

Source: The London Group Realty Advisors