Presentation on theme: "Minneapolis Corridor Housing Initiative Nicollet Avenue Study Area Loring Park Neighborhood Center for Neighborhoods, 2004 Created by the Metropolitan."— Presentation transcript:
Minneapolis Corridor Housing Initiative Nicollet Avenue Study Area Loring Park Neighborhood Center for Neighborhoods, 2004 Created by the Metropolitan Design Center, University of Minnesota (formerly Design Center for American Urban Landscape) for Center for Neighborhoods, Minneapolis Corridor Housing Initiative
Loring Park Presentation Corridor Housing Initiative People in the Loring Park Project Loring Park Timeline Loring Park Sites Site A: Meter Farm Site B: Village Video Site C: Markers Liquor The Eat Street Meet Workshops Development Guidelines
Corridor Housing Initiative Aims Center for Neighborhoods The Corridor Housing Initiative demonstrates replicable models of proactive, integrated planning and consensus building among neighborhoods, the city, and the county. The Corridor Housing Initiative produces economically and politically viable development projects tha include affordable housing options along corridors and meet city goals and neighborhood interests. The new Corridor Housing Initiative model(s) and resulting projects produce new affordable housing options more efficiently and effectively than conventional development patterns.
People in Loring Park Coordinators: Center for Neighborhoods Neighborhood: Nicollet Avenue Task Force, Citizens for a Loring Park Community (CLPC) Facilitators: Center for Policy, Planning and Performance Design: Design Center for American Urban Landscape Development: Project for Pride in Living Government: City of Minneapolis
Loring Park Study Area Timeline August 2003: Loring Park selected for Corridor Initiative through RFP October 2003: First meeting of Steering Committee January-February 2004: Stakeholder/developer roundtables February-March 2004: Community Workshops May 2004: Development guidelines by CLPC Task Force
Loring Park Sites Identified by the neighborhood in previous work, these sites were used as examples to discuss community attitudes and to demonstrate the financial dynamics of development. A: Meter Farm B: Village Video C: Markers Liquor 15th St 14th St Grant St LaSalle Ave Nicollet Ave 1st Ave
Site A: Meter Farm Base Site Expanded Site 15th St 16th St Nicollet Ave 1st Ave
The Eat Street Meet Public design and development workshops Workshop 1 (February 19): Formed groups to discuss local priorities and consider the merits and problems of various building heights on Nicollet Avenue. Workshop 2 (March 4): Large group to review information on development costs and discuss local expectations for housing and development on Nicollet Avenue.
Eat Street Meet 1: Building Height Comparisons Nicollet Avenue with 5-story building heights Nicollet Avenue today: South Entry to Loring Park Neighborhood Nicollet Avenue with 10-story building heights
The Eat Street Meet 1: Neighborhood Design Priorities Overall, residents were: Receptive to taller buildings than zoning currently allows Concerned about parking Supportive of affordable housing Interested in enhancing the Eat Street pedestrian character of Nicollet Avenue Handout examples
The Eat Street Meet 2: Development Demonstration Workshop presented three development scenarios for Site C to demonstrate how costs vary by construction types and size of unit 4 stories 6 stories 10 stories
Development Costs Assumptions: Acquisition cost $1,000,000; construction costs: commercial $90/s.f., residential wood $85/s.f., residential concrete $120/s.f.; floor plate size 30,000 s.f.; soft costs 25% of construction costs; structured parking spaces $15,000 each VariableScenario 1Scenario 2Scenario 3 Height4 floors (wood)6 floors (concrete)10 floors (concrete) Total cost$15,962,500$27,025,000$43,525,000 Number of units (at 24 or 19 units per floor) 72 - 57120 - 95216 - 171 Cost per unit$165,000 - $208,000$192,000 - $242,000$184,000 - $232,000
Development Guidelines CLPCs Nicollet Avenue Task Force drafted guidelines that address: Mix of uses Movement and connectivity Neighborhood history and character Open space Parking infrastructure Coordinated site planning Developer and community planning and design process Building heights and setbacks Guidelines are available at www.loringpark.org