9.1 SR 02-22-2022Request for Action
To Item Number
Mayor and City Council 9.1
Agenda Section Meeting Date Prepared by
Work Session February 22, 2022 Zack Carlton, Planning Manager
Brent O’Neil, Economic Development Director
Item Description Reviewed by
Main Street and Gates Avenue Development Cal Portner, City Administrator
Proposal
Reviewed by
Action Requested
Provide the applicant with informal, non-binding, feedback regarding their proposed project at Main and Gates.
Background
The Mullins Group has been working with staff and the Housing and Redevelopment Authority (HRA) on
development of the HRA-owned Main and Gates redevelopment site. The property includes seven parcels that
have been acquired by the HRA and demolished to prepare the area for new development.
The current proposal includes for a four-story, 55-unit market rate apartment building with approximately 4,000
SF of commercial on the ground floor along seven detached townhome units. The apartment building would face
main street and begin to establish an urbanized corridor between 169 and Main Street. The attached plans,
elevations, and site renderings give a feel for the project and what it would bring to the area.
Staff completed an initial review of the project and provided the applicant with a letter outlining initial comments
and concerns. At first review, two concerns rise to the top, and warrant a closer discussion by the Planning
Commission and City Council. First, due to the current zoning and performance standards, the project will likely
need to be developed as a PUD. What are the Council’s thoughts on the overall fit to the site and location within
the community? Second, the proposal is deficient on parking. The comment letter breaks down the current
proposal and what we have reviewed in the past. What are the Council’s thoughts regarding the parking proposal
and possibly using street parking to address the deficit?
Planning Commission
The Planning Commission reviewed this item during a work session on January 25, 2022. The Commission was
supportive of the concept and location, but shared concerns regarding parking and traffic. They suggested the
applicant seek opportunities for increasing available on-site parking with a goal near two stalls per residential unit
in addition to the required commercial parking. They would also like to see a traffic study submitted with any
future applications for this site.
Land Sale and Incentive Considerations
The property is owned through the HRA for development. In addition to all other considerations necessary by
the city, the HRA would need to approve of the development plan and sale price of the land.
The Elk River Vision
A welcoming community with revolutionary and spirited resourcefulness, exceptional
service, and community engagement that encourages and inspires prosperity.
Updated: August 2020
The city took requisite actions at the time the property was acquired by HRA to allow for the costs of acquisition,
demolition, site stabilization to be reimbursed to the HRA under a future TIF district, should one be adopted.
The proposers of this development have indicated their project costs and operating projects would necessitate a
request for TIF to support the project. They understand the TIF process includes a formal application, review by
the city’s financial advisor, the Joint Finance Committee, and HRA prior to a final consideration by the Council.
They are requesting feedback from the Council on any TIF considerations prior to advancing the project further.
Financial Impact
None
Mission/Policy/Goal
Support the growth and development of the city.
Attachments
Location Map
Applicant’s Narrative
Site Plans and Renderings
Staff Comment Letter
Applicant’s Presentation
Ap
r
`-b125
i Al y
;m **.
141
IS" 754 -1520 75- 0 --'l5 9
Mullins Group
C olicept Rey-i N7,
� 1; � bi a "I "I "I
Case �1` o: CR 22-01
—
'v►er
the mullins group
January 10, 2022
Mr. Zack Carlson
Planning Manager
City of Elk River
13065 Orono Parkway
Elk River, MN 55330
RE: Main and Gates Redevelopment Project Concept Review
Dear Mr. Carlson:
On behalf of the 4125 Sub S Corp team, thank you for considering us as your HRA’s project team for the
redevelopment of the Main and Gates project area. We are excited about this opportunity and look for-
ward to collaborating with the City of Elk River and various stakeholders on a unique project concept for
this property. Please see the attached project narrative regarding the proposed mixed-use concept.
Please note renderings and plans will be shared in a separate PDF file and updated renderings will be
completed in the forthcoming weeks.
4125 Sub S Corp has assembled a team that has previous Elk River experience and is very familiar with
the local Elk River real estate market and local development pattens in the community. Our ability to
synthesize common goals and bring together community stakeholders will help define a plan to help the
City of Elk River realize its vision for this redevelopment site. The proposed mixed-use project meets the
city’s vision through infill redevelopment near Downtown Elk River while providing a vibrant streetscape
with rental housing, first-floor commercial space, and connections to trails, sidewalks, and transporta-
tion corridors.
We look forward to discussing the project concept with your further and receiving your feedback. If you
have any questions regarding our submittal, please do not hesitate to contact Matt Mullins at
612.281.6729 or mmullins@mullinsgroupinc.com.
Sincerely,
The Mullins Group, Inc.
Matt Mullins
President
4735 Spruce Way | Maple Plain, MN 55359 | 952.922.7310 | www.mullinsgroupinc.com
Mr. Zach Carlson January 10, 2022
City of Elk River Planning Page 2
Project Overview
4125 Sub S Corp is proposing a mixed-use development featuring ground-level commercial
space along Main Street (approximately 4,000 square feet) with three levels of rental housing
above. The development will feature a main 4-story building with 55 units. However, the north
portion of the site is planned for a second phase of townhomes should site acquisition proceed
rd
on the remaining single-family home along3Street NW.
The following summarizes the proposed concept. Site plans and renderings are located in a
separate PDF file attachment.
Main & Gates Project Overview
Lot Area (Acreage)1.73
Proposed Units55Units/Acre32
ZoningC2 (office)Proposed ZoningPUD
Gross Sq. Ft.112,536Commerical Sq. Ft.3,967
# of Stories4Bldg. Height48'8" high parapet
45'8" low parapet
SetbacksParking Stalls91 total
Front - Main Ave.10'Underground51
Side - Gates 5'Surface41
Sides 15'Stalls/unit1.65
Unit Mix (subject to change)Est. Project Cost$14,300,000
1BR9
1BR + Den4Est. Ann. Property Taxes$137,500
2BR20
3 BR22
3BR Townhomes*8
* Future 2nd Phase
The proposed land uses would provide a transitional buffer between the commercial land uses
along Main Street and those residential uses to the north of the subject site. We believe the
proposed mixed-use approach will complement all the surrounding land uses. Furthermore,
the site has a potential to be a catalyst site for other redevelopment opportunities near the
downtown area and the Main Street corridor.
the mullins group
Mr. Zack Carlson January 10, 2022
City of Elk River Page 3
The first-floor commercial space will take advantage of strong traffic counts along Main Avenue
while providing easy accessibility to motorists that utilize Main Street as a roadway connection
between Highway 169 and Highway 10 and/or Downtown Elk River. The commercial space will
be neighborhood-oriented serving residents of Elk River while proving additional employment
opportunities to area workers. Residents will enjoy pedestrian connectivity to Downtown Elk
River and the proximity to trails and other commercial establishments while boasting walkabil-
ity to the surrounding neighborhood.
Zoning
The subject site is currently zoned “C-2 Office District;” however multifamily housing or mixed
useis not a permitted use in this zoning district. The Draft Comprehensive Plan identifies the
site as “mixed use”. Therefore, the developer is proposing rezoningthe property to “PUD –
Planned Unit Development District.” The PUD will provide creativity within the design and de-
velopment concept and the proposed uses fall in-line with the proposed land use in the Com-
prehensive Plan.
Because the project is designed as an urban infill redevelopment the building has been brought
up to the street to increase curb appeal and create a streetscape along both Main and Gates.
As such, the proposed setbacks differ from more suburban style development.
Setbacks for the property are as follows:
Front lot (Main): 10 feet
Side lot (Gates): 5 feet
Sides (adjacent properties): 15 feet
Comprehensive Plan
A review of the Draft Comprehensive Plan supports the development of a mixed-use concept
on the subject site. Key findings include:
The promotion of infill development in the core areas in Elk River while increasing hous-
ing choice and preserving the character of surrounding neighborhoods.
Establish roadway, sidewalk, and trail connections. Expansion of pedestrian connections
Encouragement of density in establishedareas
Mixed-use land use identified in the future land use map
the mullins group
Mr. Zack Carlson January 10, 2022
City of Elk River Page 4
Height
As proposed the project would be four stories and an estimated 45’ to 48’ pending the parapet.
Parking
The City of Elk zoning code identifies off-street parking for 2.5 stalls per unit for multifamily
dwelling, one space of which must be completely enclosed. It is our professional opinion that
this parking requirement is excessive as manycities have revised their zoning codes to 1 stall
per unit + guest stalls.
The zoning code also specifies one parking stall for every 200 square feet of floor area for retail
space. Thus, a total of about 19 stalls would be needed for this parking ratio.
As proposed, the project would have 91 total stalls, including 51 underground and 41 surface
stalls. This results in a parking ratio of 1.65 stalls per unit; which we believe is sufficient to meet
the needs of renters and commercial users on the site. Given this ratio, the developer will be
requesting a variance for parking quotas on the site.
Market Justification
The City of Elk River has low vacancy rates and pent-up demand for rental housing. The most
recent housing study for Sherburne County (2020) indicated the City of Elk River could support
288 market rate, 120 affordable, and 72 subsidized units over this decade.
The Mullins Group, Inc. has found Elk River has a vacancy rate of less than 3% in 2021, a bal-
anced market is considered a 5% vacancy; indicating strong demand for rental housing. We
have also inventoried all the new rental construction along the Highway 10 and Interstate 94
corridor and have found new construction vacancy rates are 2.8%.
At this time there are no other market rate rental developments formally proceeding in Elk
River and we find the proposed project will help meet the need for housing in Elk River.
The proposed project will feature larger unit sizes that will be attractive for larger households
and a live-work environment as more households desire flexibility and more space since the
pandemic. Renters are also seeking out locations outside the core Twin Cities as they seek
more affordable housing options, good schools, more space, and flexibility.
the mullins group
Mr. Zack Carlson January 10, 2022
City of Elk River Page 5
Team Overview & Experience
4125 Sub S Corp is a family-owned real estate investment company focused on new construc-
tion, value-add property acquisitions, and commercial management. We actively invest in
multi-family properties and commercial lease projects.
We are a privately held commercial real estate investment company, with over 25 years of ex-
perience in development, new construction, management, and investment. With deep roots in
the Minneapolis-St. Paul investment community and surrounding communities, we develop
ground-up or buy and hold multifamily assets and commercial-leasehold properties with a focus
on adding value. Our investment and management goals are long-term in scope, and we main-
tain an active interest in both acquisition and partnership opportunities.
The 4125 Sub S Corp real estate portfolio is outlined below. As illustrated in the table, 4125 Sub
S Corp has investments of over $120 million to date. 4125 Sub S Corp is committed to Elk River
for the long-term and would like to diversify our portfolio through additional investment in the
Elk River and is excited about the opportunity to deliver a catalyst project on the Main and
Gates property.
4125 LLC Real Estate Portfolio
Yr. BuiltLocationProject NameType# Units/Sq. Ft.InvestmentProject Description
2022-20223Minneapolis9th Street CollectiveMR Rental, Commercial21, 90, 60$50MMixed-use Development
2022Austin, MNAustin City LimitsMR Rental56$3MHotel conversion to housing
2021HugoJack Pine PlaceMR Rental84$20MRental Townhomes
2019MahtomediMahtomedi FlatsMR Rental36$9MDeveloped, sold asset
2019LakevilleJuniper CommonsCommercial90,000$13MFlex space
1995Chippewa Falls, WIPumphouse CrossingMR Rental120$11MExisting Rental Acquisition
1980Black River Falls, WIBlack River HousingMR Rental116$7MExisting Rental Acquisition
1995Eau Claire, WIOxbox VillasStudent Rental56$7.5MExisting Rental Acquisition
Total Investment$120.5M
Matt Mullins – The Mullins Group, Inc. Mr. Mullins will assist with due diligence, entitle-
ment support, and market feasibility. Matt has over 20 years of real estate, develop-
ment, and market feasibility experience and has previously drafted the last two housing
studies for the City of Elk River and recently completed the Sherburne County Compre-
hensive Housing Assessment in 2020.
Robin Mooney, Andy Wise, & Dean Dovolis – DJR Architecture. Ms. Mooney will pro-
vide client relationship management and assist with assembling the architecture/design
team and collaborationwith the team and City of Elk River stakeholders. Mr. Wise is the
the mullins group
Mr. Zack Carlson January 10, 2022
City of Elk River Page 6
project designer and will be the primary architect on the building design and function.
Mr. Dovolis is the Principal at DJR and will be overseeing the design.
Timing and Next Steps
The 4125 Sub S Corpteam is excited about the opportunity to collaboratewith the City of Elk
River, setting the vision to drive further investment in the neighborhood and surrounding areas.
Our team of seasoned professionals will deliver a high-quality project that will be an amenity to
the community and a catalyst for future growth.
We look forward to discussing our development concept with you further. If you have any
questions regarding our submittal, please contact us. Again, thank you for your consideration
for our mixed-use development concept.
the mullins group
J u
S11N0 3S00H NM01038 £ /Ad01S Z
ml�- ml
S11N0 3S00H NM01038 £ /Ad01S Z
m, p.
3Atl S31tl0
M
Z
Q p
05
N
W
H
Q
C9
L.I J
U
-
Oltail
_NI
A7),
_;,
lwffi-v
W-- :=:::::::
�■
�■
�I
MIIII
MIIII
■
■
M=
1 ■
mom
mom,
momi
m
ONEm■I
®■
®■I
®■I
®I
MIN!!
MIIII
Imo■
�■
III
�II!I
W ■WR®hIII
OMR1111111,:
.
��IIIIIII
i■
��IIIIII
N■
�
�
Irlllllll
�■
�■
�Irlllllll
=itIII
a
111111111i
1■
1■
■IIIIIII
�, � �,
� ��
■Ilnlll
■IIIIIII
�
�■
■
�■
\ate
1■
1■
IIII
I\ WIN I\
MINI\
mIl
■�
00, •'� ■IIIIIII
�■ �■ '%r
, •■
I■
\
ONE ONE
M■ M■ M■
ME
M■ M■ I
■
■
■�
®
/�® �®
i r1iii �
!i
qmi
0104
�
10 �0 loom
EE&
\� \�
�■ �■
■�II(
!PC
IIII
■
__
■ ■
�ii
TI
[IIIIII
IIIIIII
;' ;I
_
.■
■IIII!
.■ .■
�iiilll
IIII
IIIIIII
IIIII
__ �_ _
r_, - -
-
•■i
H. '■i
IIII���
-IIII
IIIIill
IIIC£B
1 III �
M■ M■ M■ OEM
IME IME IME IME
IME IME IME 001
M■ M■ M■ M■
�■ M■ M■ �■
Z
Q p
ob
N
W
H
Q
C9
O
w
U
w
ce~
r,t U_
Q
3 _
O
January 19, 2021
The Mullins Group, Inc.
VIA EMAIL: mmullins@mullinsgroupinc.com
Matt Mullins
4735 Spruce Way
Medina, MN 55359
RE: Concept Review – Main and Gates Project
Dear Applicant,
Thank you for applying for a concept review. The submitted plans have been provided to all city
departments to solicit initial feedback on your conceptual project. The following comments should
be considered in preparing final plans butare not a comprehensive review of a formal submittal.
General Comments:
1.The requested parking deviation was noted as a concern from multiple departments.
Ordinance requires 138 parking stalls to support the residential use and 13 stalls to support
the commercial space – for a total of 151 required stalls. Submitted plans include 91 parking
stalls, or 60 stalls short of the ordinance standards.
a.Staff and Planning Commission/Council have supported a reduced parking
requirement in the past but has generally maintained a 2-stall per unit minimum.
i.Excluding the townhomes, 110 residential stalls would be required at 2 stalls per
unit.
b.Assuming a 50% reduction to the commercial requirement, the current proposal
provides residential parking at a rate of 1.5 stalls/unit.
c.The potential for on street parking willneed tobe reviewed in more detail.
2.The proposed building height exceeds the maximum height outlined in the ordinance. This
will need to be approved with a variance or through a PUD.
rd
3.The existing water service line for 425 3 Street runs to Gates Ave through the former 326
Gates Avenue property (it was under the house that was demolished). This existing service
rd
needs to be considered for any construction at the corner of 3 Street and Gates Avenue.
4.There is an existing three-phase overhead line along Main Street that could impact the design
and construction of a future project.
5.A six-foot wide sidewalk along all public streets will be recommended by staff. The project
will also require ADA compliant pedestrian ramps at both entrances and at new crosswalk
locations.
Phone: 763.635.1000
www.ElkRiverMN.gov
6.The individual driveways accessing Gates Ave will not be supported by staff. Please amend
the plans to show internal access from the site.
rd
7.The sightlines at Gates/3 may not meet ordinance standards for a vision clearance triangle,
or intersection visibility, please verify.
a.Vision clearance triangle means the area of a corner lot bounded by the right-of-way
lines and a line connecting the two points on the property lines 30 feet from the
intersection of the property lines.
8.Stormwater treatment will be required for all new impervious (minus what the existing
residential properties had prior to demolition). If impervious increase is net 1 acre or more,
NPDES requirements will have to be met.
9.A landscaping plan will be required along with the final submittal.
Thank you, and please let meknow if you have any questions.
Sincerely,
Zack Carlton, Planning Manager
763.635.1035
ti
40
r
�• T
k3�C1 � GTu7
.r—
Main & Gates Redevelopment Project
Presented to: City of Elk River Planning Commission
January 25, 2022
Presented by: 4125 Sub S. Corp Team
"iwltAl- �--Ilk
.�["�.;,,�,•',,,,�;,�,4 ice,>�Ilr`.
City of
Elk
River
Site Overview
Proposed Concept
Project Renderings
Next Steps/Contact Us
4125 Sub S. DJ R
4125 Sub S.
Troy Mathwig
Mitch Jilek
.CRY of
Elk
River
DJR
Dean Dovolis
Andy Wise
Robin Mooney
Matt Mullins
4125 Sub S. DJ R
Project Description
2022-20223
Minneapolis
9th Street Collective
MR Rental, Commercial
21, 90, 60
$50M
Mixed -use Development
2022
Austin, MN
Austin City Limits
MR Rental
56
$3M
Hotel conversion to housing
2021
Hugo
Jack Pine Place
MR Rental
84
$20M
Rental Townhomes
2019
Mahtomedi
Mahtomedi Flats
MR Rental
36
$9M
Developed, sold asset
2019
Lakeville
Juniper Commons
Commercial
90,000
$13M
Flex space
1995
Chippewa Falls, WI
Pumphouse Crossing
MR Rental
120
$11M
Existing Rental Acquisition
1980
Black River Falls, WI
Black River Housing
MR Rental
116
$7M
Existing Rental Acquisition
1995
Eau Claire, WI
Oxbox Villas
Student Rental
56
$7.5M
Existing Rental Acquisition
Total Investment
Jack Pine Place — Hugo https://Oackpineplace.com/
$120.5M
4125 Sub S. DJ R
E.R. Rental Market Summary.
• Pct. Renters: 23% (1,900 units)
• 40% of rental units in 1-unit structures
• Few MF units delivered past decade
• Avg. Rent: $1,136 1 $1.27 PSF
• Vacancy Rate: 2.0%
Demand (2030): 288 MR units L
ake
•
Granite Shores
Lar,esbQra
Ridgewood Ilei t,t�
Monor
Llon`s Park Elk Ridge Estates
Elk Park Estates
School Street A.pts,
School Place Apts. Elk Ridge ,Manor
Dove Terrace Auburn Place
Apts.
Elk Crossings •Jackson
Dove Tree Apts. F :iHills
di�w°ci
Jackson Place
Granite
Shores our
Crest
Apts.
Tara Hills Estates >
Balmoral Apts_
r nnllwoad Apts.
•
Pineview River Garden Apts.
Estates
Evans Meadows
• The Depot
Elk River € f Elk River
Lodge Station
•i
Coachman
Ridge
4125 Sub S. DJ R
$2,000
$1,800
$1,600
$1,400
, $1,200
ZGEff.-Ti7s,
$600
$400
$200
$0
Rental Market Trends Comparison, Q4 2021
Elk River Metro Elk River Metro Elk River Metro Elk River Metro Elk River Metro
Total Studio I 1BR I 2BR 3BR
■ Rent Vac. Rate
7.0%
6.0%
5.0%
a�
4.0%
U
i
3.0% u
ca
2.0%
1.0%
0.0%
4125 Sub S.
DJR
Team Overview
$P
PrroiecMenderings
Next Steps/Contact Us
4125 Sub S. DJ R
Al
Sthoal St NW
3 7th St NW
Lrons Parti
D
m o
6th St NW y
Z
to �
Z
_ cs
4th Sl NW 41h St NW
ELK RIVER of
0
as pr
amstNw
�
H/ NW
A
h
�y /0
3rtl St NW
Mai, 3t
�
�1111 i
River
,.� 10
Mtsstssi?pl
Wyk Hllls Ds
D
2
0
9�a r rr
z �
\1 P 0 BSrh qye c'
5th St NW c°
m
a'
163,a
Main Sf 2h
Main St
m
QN
y, 7B
'L l
Sf A yQ NW
169 Elk River
Site ono
779t
�2
4125 Sub S. DJ R
N
II —
3rd St NW
53 ft F90 ff
0105 0 0115 0
' 0.18 Acres ' 0.31 Acres S
53 ft 53 ft 53 ff 53 ff 116 ft
rn 0130 0135 0140 0145 a 0150
3 0.20 Acres 0.20 Acres 0.20 Acres 0.20 Acres s 0.44 Acres
153 ff 53 ff 53 ft 53 ft 116 ff
3 Main St
z
c7
MAIN & GATES PROPERTY SUMMARY
430 MAIN ST NW
75-401-0130
0.20
City of Elk River HRA
426 MAIN ST NW
75-401-0135
0.20
City of Elk River HRA
420 E MAIN ST NW
75-401-0140
0.20
City of Elk River HRA
414 MAIN ST NW
75-401-0145
0.20
City of Elk River HRA
406 MAIN ST NW
75-401-0150
0.44
City of Elk River HRA
326 GATES AVE NW
75-401-0105
0.18
City of Elk River HRA
419 3RD ST NW
75-401-0115
0.31
City of Elk River HRA
Subtotal
1.73
4125 Sub S. DJ R
Site Aerials
SITE
•
.00 or
SITE
00
SITE
3P
4
mai Phot, iLoak,ingNoithwest
40.
40
.00
SITE
00
00
• North: Residential (R2a, R3, R4)
• South: Commercial
• East: Commercial
• West: SF Home & Commercial
SF Home: West of Site
Commercial: East of Site
Dental Office: SW of site
Commercial: South of site
4125 Sub S. DJ R
Site PLn
1. 429 MAIN ST NW
3. 351 MAIN ST NW
2.403 MAIN ST NW
d 303 MAN ST NW
�.... � a.'ice � ,y � i' -, •_ ' � 1�. � 1 !4 �
5. 312 MAIR 5T N Af
9.5I133DSTNW
B. 504 MAIN ST NW
�r
>e
12.4033R11 ;T
4125 Sub S. DJ R
Zoning - Existing
■r• na Jl `7' l prr d
r ky
r.r
■
! 'lug
ED
10
►Z4
L:-c ---
R_siJRA31_4maml Comp Plan Key Findings:
Tr,chftnal lmfi4 wWr Ral_im:lal
■Mb.A • Promotes infill development in the
■ NWA..Ig core areas in Elk River while
■,,,�,� increasing housing choice and
■�°�preserving the character of
■I surrounding neighborhoods.
■ Ra�suk • Establishes roadway, sidewalk, and
UniIdMAExI Add trail connections. Expansion of
I; R.o�s{.Ir�srnk. 'ova
pedestrian connections
• Encouragement of density in
established areas
• Mixed -use land use identified in
the future land use map
4125 Sub S. DJ R
Team Overview
11 Site Overview
Project Renderings
IFNext Steps/Contact Us
4125 Sub S. DJ R
Main & Gates Project Overview
Lot Area (Acreage)
1.73
Proposed Units
55
Zoning
C2 (office)
Gross Sq. Ft.
95,350
# of Stories
4
Setbacks
Front - Main Ave
Side - Gates
Sides
Unit Mix (subject to change)
Units/Acre
Proposed Zoning
Commerical Sq. Ft.
Bldg. Height
Parking Stalls
10' Underground
5' Surface
15' Stalls/unit
1BR
9
1BR + Den
4
2BR
20
3 BR
22
Est. Project Cost
Est. Ann. Property Taxes
32
PUD
3,967
48'8" high parapet
45'8" low parapet
91 total
51
41
1.65
$14,300,000
$137,500
4125 Sub S. DJ R
• Mixed -use vertical redevelopment compatible w/surrounding land uses
• Rental housing concept: 4-story building (Potential townhomes in Phase II)
• Main -floor commercial space I jobs creation I neighborhood -oriented
• Streetscape design fronting both Main & Gates
• Connectivity to Hwy. 169, Hwy. 10, & Downtown Elk River I Walkable to Downtown
• Catalyst project for other redevelopment opportunities
• Provides much -needed rental housing in Elk River I Larger unit sizes proposed
4125 Sub S. DJ R
Zoning Code:
• MF: 2.5 stalls/unit (1 enclosed)
• Commercial: 1/200 sq. ft.
Proposed:
• Underground: 51 stalls
• Surface: 41 stalls
• On -Street Parking (3rd St. NW)
• Bicycle parking
= 137.5 stalls
= 20 stalls
Main & Gates
• Streetscape Design I Infill Project
• Proximity to downtown, walkabililty
• Parking impacts housing affordability
157.5 stalls 12.86/unit
91 stalls 11.65/unit
Transportation Preferences Shifting....
• Many cities revising parking min.
• Ride -sharing services (Ober, Lyft, etc.)
• Self -driving cars (future)
4125 Sub S. DJ R
Team Overview
Site Overview
Proposed Concept
Next Steps/Contact Us
4125 Sub S. DJ R
lie
N
D
11- ffl -:1
4125 Sub S. DJ
Project Elevations
IN ,N — :1 :1 Nsmm onN1:1:::11 1100
1MM-I
NAA
„ :11 1:1 !M
MM
lR
Immo
il
")
1 11 [ 11 Ili : 111 1 �.:: Ill II■1 :
_All_II_Il�. III 1 NN
1 19
--- ----- -------------------------------- --------- --.
i■i 111 !11 °
:: 1 1�16, 1 INN
■■■
Is on No No-71
��,.�a� ye wnn *� IAIf111 101
:11 :11 :::11 1,::1 111
IIIH11111iIi111111111111111121111111il III
Project Elevations
s�
'!1 1 !1 1 !1 1 H NONE
111 H I
111 H
11 11::O1
III INNER
111 milli moon
!11 ::1 H 1!1
fiROFTRIISS®EARfN
LEVELA
133-63I4'V
LEVEL
LEY€LF
112'-EI'
LEVEL
1 III]- _ il• �
LEVELPP
Scale: l'•2if
SCaie:i-21T
4125 Sub S. DJ R
Project Renderings
1 N 1� �
f�
loin
l -.OF
It
now,
911OLM
Project Renderings
no oil
I Not m
J "ENTEW.Mr, A. M
III I
�r �r1�1 711-imllilil
i
k
k�
0,
Pr
oil
Team Overview
Site Overview
Proposed Concept
IVProject Renderings
4125 Sub S. DJ R
_N
C6
•U
ate-+
\
_N
�
4/3
N
N
E
O
O_
N
U
^
u
�
4 -+
O
CL
>
N
N
O
N
N
N
o
N
p
4-0
O
E
E
O
U
co
^
},
U
4-0
.>
N
�
N
O
•O
4-J
N
cn
O
4 -+
U
u
N
N
.N
•
}'
+-+
N
O
cn
U
4-
\
U
�
0
ca
Q
v
N
.�
N
N�
U
0
•E
Q
Q
J
U-
Q
0=
U
�
• cn
ry
r--%
r)
Q
O
E
O
U
U
O
E
i
Q
N
cv
N
E
U
a--+
00—
O
U
v
N
E
E