Creating a new Urban Village Ann Arbor Team: Kimberly DillonMBA2010 Abby EisenMUP 2011 Peter Hantes Jr.MUD2010 Jun YooMBA2012

Goals NoMo is a trendy upscale and outdoor themed mixed use development that aims to serve as a destination space for Ann Arbor locals and visitors. The site would offer mid-tier residential offerings, unique restaurants, upscale retail and office space with special attention paid to public spaces.

History of Lowertown

Existing Site

Huron River Watershed Council Statewide Conservation group concerned with protecting the Huron River Watershed from irreparable damages Friends of the Ann Arbor Greenway Local group whose mission is to create a complete system of parks throughout the city of Ann Arbor through the Allan Creek Floodplain and ends at Argo Pond University of Michigan State University with over 56,000 students and 3,000 faculty. Ann Arbor Downtown Development Authority Branch of city government concerned with the revitalization and renewal of downtown. Lowertown and Old Fourth Ward/Kerrytown Neighbors Neighborhoods within close proximity to MichCon site Businesses both directly and indirectly affected by the creation of NoMo in multiple ways Stakeholder Analysis

Zoning

Our Demographics

Upscale Retail Upscale Specialty Stores = 60% National;40% Local

Innovative Public Spaces Arbor Sculpture Park - This unique art space will play up the Arbor in Ann Arbor and will be sculpture park featuring large artistic trees. Water Hardscape – A landmark place for NoMo pedestrians to meet, connect and celebrate. In the summer this hardscape will serve as a massive fountain that serves as a central landmark A Forest Stroll - connecting walkers, runners, residents, and shoppers from the dam/green way to the Townhomes on Depot Street.

Unique Restaurants Restaurants that tap into Ann’s Arbor bourgeoning Foodie scene

Site Plan

Use Diagram

Broadway Street

Sidewalk View

Construction Timeline

- Construction cost = $51.9 million - TIF Eligible cost = $895,000 landscaping, parking, utility - Debt/Equity Ratio = 80% (~$41.6 million) - 2-year construction 12% - 30-year permanent 6.7% Financing Information

Cash Flow

Projected Performance

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