Presentation on theme: "Potential Second Access Currently we are working on approval access to 2 nd Avenue under CP tracks as shown in top left photo. Our entrance would be across."— Presentation transcript:
Potential Second Access Currently we are working on approval access to 2 nd Avenue under CP tracks as shown in top left photo. Our entrance would be across from the Devry Institute entrance as shown in bottom left photo. This brings you to the new improved Barlow Trail access currently in the final stages of development for our neighbors, such as Devry Institute Technology, Golder Associates, and Stantec Engineering.
Parking Concept With an approved access on 3 rd Avenue offers us the opportunity to blend two levels of open under- ground parking whereby we only need to shore two sides for major cost savings. Current similar project now in process with our direct neighbor on the hill (Checker Cabs)
Construction Partner We have a tenant in one of our other Properties named DOMINION CONSTRUCTION. We are in current negotiations regarding our new Property Development utilizing the services of Dominion Construction. Dominion has achieved many award winning buildings In the Construction Management delivery format the Owner contracts separately with the Architect and Contractor.
Dominion Construction In In this role as Construction Manager, Dominion acts as an agent for Global Ocean Properties to prepare, tender and manage trade contracts and provide costing, scheduling and value engineering input to the design. As part of this role Dominion provides experienced on-site supervision of the trades and is responsible for fulfilling most general requirements. Dominion Dominion utilizes a refinement to Construction Management called Integrated Management where the contracts of the Architect and Contraction Manager are linked so that the design team has direct responsibility (using input from the Construction Manager) to ensure the design meets budget and schedule objectives and the Construction Manager takes into account important design and programming objectives in recommending alternative systems, finishes or detail. Construction Construction Management may be converted to a Guaranteed Maximum Price format. This is usually done once the major trades have been tendered so Global Ocean Properties gets the advantage of competitive trade pricing in the Guaranteed Maximum Price provided by the Construction Manager. Dominion's Dominion's preconstruction services include advice regarding cost, schedule, materials, labour, building systems, constructability and construction planning - site logistics, earthwork, craneage, safety, security, materials handling, quality assurance. To To ensure that Global Ocean receives the best value for construction dollars, Dominion provides analysis, pricing and alternatives for all proposed systems, components and materials as the design progresses.
Dominion Construction Utilizing Utilizing their extensive experience with a wide variety of building types, systems and materials and augmenting that with direct trade and supplier input enables Dominion to assist our team in optimizing the design. Advantages Advantages of Construction Management include: Fully Fully competitive trade contractor bidding Early Early Construction input to the design-cost and schedule certainty Trade Trade contractors can be pre-qualified Facilitates Facilitates early facility delivery by overlapping design, approvals and construction; able to preorder long lead items Generally Generally lower fees than general construction Format Format can be converted to a lump sum of guaranteed maximum price
Foot Print for Phase 1 Lot 6 B, Block 11 Plan 4706 JK Lot Area 8607 M2 335 Proposed Parking Stalls: 80 Parking Stalls (underground) 160 Parking Stalls (exposed underground) 95 Parking Stalls (Ground level) Building Area 2200 M2 (23,680 Square Feet) 6 Storey @2200 M2 = 13,200 M2 = 142,080 Square Feet Cost Estimate $200.00 p.s.f = $28,416,000.00 80 Underground Parking Stalls $2,800,000.00 160 Exposed Parking Stalls $3,200,000.00 Total Approximate Gross Cost $34,416,000.00 Expected Lease Rate $31.00 = $4,404,480.00 (Net Income) Cap Rate 7.5% = $58,726,400.00 Total Value