HomeMy WebLinkAbout2002 01-14 EDAP EDA MEETING
City of Brooklyn Center
January 14, 2002 AGENDA
1. Call to Order
2. Roll Call
3. Approval of Agenda and Consent Agenda
-The following items are considered to be routine by the Economic Development Authority
and will be enacted by one motion. There will be no separate discussion of these items
unless a Commissioner so requests, in which event the item will be removed from the
consent agenda and considered at the end of Commission Consideration Items.
a. Approval of Minutes
- Commissioners not present at meetings will be recorded as abstaining from the vote
on the minutes.
1. December 10, 2001 — Regular Session
4. Commission Consideration Item
a. Resolution Electing Officers for the Economic Development Authority In and For the
• City of Brooklyn Center
*Requested Commission Action:
- Motion to adopt resolution.
b. Report on 69th and Brooklyn Boulevard Redevelopment
Requested Commission Action:
-None, report only.
5. Adjournment
•
EDA Agenda Item No. 3a
• MINUTES OF THE PROCEEDINGS OF THE
ECONOMIC DEVELOPMENT AUTHORITY
OF THE CITY OF BROOKLYN CENTER
IN THE COUNTY OF HENNEPIN AND THE
STATE OF MINNESOTA
REGULAR SESSION
DECEMBER 10, 2001
WEST FIRE STATION — TRAINING ROOM
1. CALL TO ORDER
The Brooklyn Center Economic Development Authority (EDA) met in regular session and was
called to order by President Myrna Kragness at 7:04 p.m.
2. ROLL CALL
President Myrna Kragness, Commissioners Kay Lasman, Ed Nelson, Bob Peppe, and Tim Ricker.
Also present: City Manager Michael J. McCauley, Assistant City Manager Jane Chambers, Public
Works Director Diane Spector, City Attorney Charlie LeFevere, and Deputy City Clerk Maria
Rosenbaum.
• 3. APPROVAL OF AGENDA AND CONSEN T AGENDA
A motion by Commissioner Lasman, seconded by Commissioner Peppe to approve the agenda and
consent agenda. Motion passed unanimously.
3a. APPROVAL OF MINUTES
A motion by Commissioner Lasman, seconded by Commissioner Peppe to approve the November
26, 2001, regular session minutes. Motion passed unanimously.
4. COMMISSION CONSIDERATION ITEM
4a. EDA 2002 TAX LEVY AND BUDGET
1. RESOLUTION ESTABLISHING A FINAL TAX CAPACITY LEVY
FOR THE BENEFIT OF THE CITY OF BROOKLYN CENTER
ECONOMIC DEVELOPMENT AUTHORITY FOR FISCAL YEAR
2002
12/10/01 -1- DRAFT
2. RESOLUTION APPROVING THE FINAL BUDGET FOR THE CITY
OF BROOKLYN CENTER ECONOMIC DEVELOPMENT
AUTHORITY PURSUANT TO MINNESOTA STATUTES CHAPTER
469
Executive Director Michael McCauley discussed that these two resolutions would set the property
tax levy for 2002 on all taxable property in the City and adopts the 2002 EDA budget.
RESOLUTION NO. 2001 -23
Commissioner Nelson introduced the following resolution and moved its adoption:
RESOLUTION ESTABLISHING A FINAL TAX CAPACITY LEVY FOR THE BENEFIT OF
THE CITY OF BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY FOR
FISCAL YEAR 2002
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Lasman. Motion passed unanimously.
RESOLUTION NO. 2001 -24
Commissioner Nelson introduced the following resolution and moved its adoption:
APPROVING T
RESOLUTION HE FINAL BUDGET FO R THE CITY OF BROOKLYN CENTER
ECONOMIC DEVELOPMENT AUTHORITY PURSUANT TO MINNESOTA STATUTES
CHAPTER 469
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
Lasman. Motion passed unanimously.
4b. DISCUSSION OF 69 AND BROOKLYN BOULEVARD REDEVELOPMENT
Mr. McCauley discussed that the EDA entered into a development agreement with Ronsam on June
11, 2001, that required that they close on the property no later than September 1, 2001. The EDA
amended the agreement to extend the closing date to November 1, 2001. The developer has not been
able to secure acceptable financing for the development and failed to close on November 1, 2001.
The other developer, Westbrook Development, that was considered at the February 26, 2001,
meeting is still interested in the site and would be prepared to go forward with developing the site
this spring.
12/10/01 -2- DRAFT
The Commmission discussed what type of recourse, if any, with the letter of intent for the current
developer, and what the approach would be for Westbrook Development. Mr. McCauley informed
the Commission that there will be money to be retained from Ronsam and that staff has contacted
Westbrook Development regarding the development.
Commissioner Lasman discussed that she believes that both proposals reviewed on February 26,
2001, were favorable and that she would be comfortable moving forward with Westbrook
Development.
Commissioner Peppe requested that the Commission get a copy of the proposals that were presented
to the Commission to review Westbrook Development's proposal.
It was the consensus of the Council to review Westbrook Development's proposal and to direct staff
to move forward with the redevelopment of the 69"' and Brooklyn Boulevard redevelopment with
Westbrook Development.
5. ADJOURNMENT
A motion by Commissioner Lasman, seconded by Commissioner Peppe to adjourn the meeting at
7:08 p.m. Motion passed unanimously.
President
12/10/01 DRAFT
•
EDA Agenda Item No. 4a
•
• Commissioner introduced the following resolution and
moved its adoption:
EDA RESOLUTION NO.
RESOLUTION ELECTING OFFICERS FOR THE ECONOMIC
DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF BROOKLYN
CENTER
WHEREAS, Minnesota Statutes Section 469.096 P rovides that an economic
development authority shall elect a president, treasurer, and secretary on an annual basis.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City Council of the City of Brooklyn Center, Minnesota, that the
Authority hereby elects the following officers to serve through December 31, 2002, or such later
date as their successors are elected and qualified:
President /Treasurer: Myrna Kragness
Vice - President: Bob Peppe
Assistant Treasurer: Doug Sell
Secretary: G. Brad Hoffman
•
Date President
The motion for the adoption of the foregoing resolution was duly seconded by commissioner
and upon vote being taken thereon, the following voted in favor thereof:
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted.
EDA Agenda Item No.
City of Brooklyn Center
A Millennium Community
•
MEMORANDUM
TO: Mayor Kragness, Councilmembers Lasman, Nelson, Peppe, and Ricker
FROM: Michael J. McCauley, City Manager
DATE: January 9, 2002
SUBJECT: 60 and Brooklyn Boulevard
Since the last City Council meeting in December, Mr. Hoffman has been meeting with Westbrook
Development regarding a resubmission of their proposal to redevelop 69 and Brooklyn Boulevard.
Those discussions should be on track for a presentation to the Economic Development Authority at
the January 29' meeting for its consideration.
•
6301 Shingle Creek Parkway Recreation. and Community Center Phone & TDD Number
Brooklyn Center, MN 55430 -2199 (763) 569 -3400
City Hall & TDD Number (763) 569 -3300 FAX (763) 569 -3434
FAX (763) 569 -3494
MEMORANDUM
•
TO: Michael McCauley, City Manager
FROM: Brad Hoffman, Community Development Director
DATE: February 13, 2001
SUBJECT: Development Proposals (69 and Brooklyn Boulevard)
For several years, the EDA has sought development proposals for the northeast corner of 69
and Brooklyn Boulevard. The area is approximately 5 '/< acres and is currently zoned C2 and Rl .
Given its location and the traffic count at the intersection the site lends itself naturally to a
neighborhood retail development. Past attempts to solicit development proposals were met with
very limited interest. Three (3) previous attempts for an RFP brought single responses each
time. The last proposals would have combined senior housing on top of neighborhood retail.
While the concept was interesting, the requested public subsidy was very high.
Of late, there has been increased interest in Brooklyn Center as a development location.
• Currently, the EDA has two (2) proposals for a neighborhood retail center for consideration.
Both are very similar in concept, materials and tenants. This is in part due to the fact that both
developers had the same information relative to potential tenants, street access, EDA building
material pallet preferences and emphasis on buffering the project from the single - family homes
to the east. Each of the developers is prepared to purchase the property from the EDA as soon as
we get control of the Legion property and both want to start construction this year. The EDA will
control the Legion site on May 11, 2001.
The first proposal is from Christenson Corporation in conjunction with Thorpe Real Estate
Services. They have financing for the project with L. J. Melody Co. and will manage the project
through Thorpe Real Estate Services. They are an experienced group in both the construction
aspects of the project and the ongoing management of the facility. The second proposal is from
Westbrook Development. They have arranged their financing through Cherokee State Bank and
will also provide property management. Westbrook has extensive experience with construction
and also provides property management services.
Comparisons Christenson Westbrook
Building Area 43,000 sf 33,000 sf
Estimated Value $5,600,000 $4,700,000
• Estimated Project Cost $8,150,000 $7,552,000
MEMORANDUM
February 13, 2001
Page 2
Estimated Tax $238,000 $200,000
Purchase Offer $680,000 $600,000
Parking Spaces 237 227
Building Materials No significant difference No significant difference
Tenant Mix No significant difference No significant difference
Property closing 120 days from acceptance 90 days from acceptance
Parking in rear Yes No
Will Sell Pads Probably Yes
Enhanced Node Treatment Yes Yes
Pilgrim Cleaners Approached Approached
As I have already noted, very little differentiates one proposal from the other. Both would use
• rock face, .brick, glass, EFIS, canopies etc. in their respective building material pallets.
Christenson will use a copper like metal roof at the convenience center and elsewhere as
appropriate. (Note the photo of the Freedom Station.) Both are prepared to close on the property
as soon as the EDA can deliver title. Both are experienced developers with financing in hand.
Both have provided substantial opportunity for landscaping along both 69"' Avenue and
Brooklyn Boulevard. Both proposals would be handled as a PUD and each carries its
architectural theme throughout the site. Each proposal has incorporated design elements that
help create interest in the look of the buildings. In essence both are modern neighborhood retail
centers each of which is vastly superior to what was there and both will vastly improve the
impression one would have of that intersection.
While the proposals are similar there are some significant differences. Christenson's offer is
$680,000 for the land as opposed to Westbrook's $600,000. (Note that Westbrook refers to the
site as 5.2 acres and Christenson as 5 acres. A final determination has not been made)
Christenson's overall project is 10,000 sf larger and thus will generate more tax dollars. The
Westbrook proposal provides superior treatment relative to the adjacent residential neighborhood
to the east. With Westbrook there is no employee parking in the rear of the building and their
trash enclosures are inside of the building as opposed to Christenson's location adjacent to the
fence. Westbrook's access to the site off 69 Avenue is pulled further back creating less conflict
with 69 Avenue traffic at the light at Brooklyn Boulevard. It is also better suited to match up
with the access point for the south side of 69"' Avenue. The Westbrook site plan would have a
food site (McDonalds) along Brooklyn Boulevard with a potential drive through (semi screened
• along Brooklyn Boulevard. The Christenson proposal locates the Food (McDonalds) along 70
Avenue. While not along Brooklyn Boulevard, its location tends to concentrate traffic in the
MEMORANDUM
February 13, 2001
Page 3
•
northwest corner of the site. In contrast to the Christenson proposal, the Westbrook proposal
does not locate parking immediately adjacent to the retail stores on the west side. The
Westbrook proposal seems to have better internal traffic patterns.
The choice for the EDA seems to come down to a slightly better financial offer both in terms of
purchase price and tax generation from Christenson to a slightly better site plan as it relates to
buffering adjacent residential neighbors and traffic impact both internal and external by
Westbrook. Staff is prepared to complete an agreement with either party to assure construction
starts this summer.
Representatives from Christenson Corporation and Westbrook Development will be at the
February 26 EDA meeting to make a brief presentation regarding their respective proposals.
Included with this memorandum are copies of both development proposals.
•
•
� I
# a �
S`
.s
rr
s
Westbrook
4 development
r �
a4
< � t
.,
A
General Contracting • Construction Management • Des-ign Bui.ld'! :,Renovation g
1564 West University Avenue • St. Paul • MN • 55104 -3908 '�, - westbrook@w%estbrookde 'com
Phone 65 1 -646- 1 967 ! F x '65,1`646' -
w
TABLE OF CONTENTS
Introduction.................................................................................................... 1-2
DevelopmentTeam .......................................................................................... 3-6
ProjectOverview ............................................................................................ 7-11
SitePlan ........................................................................................................ 12
RetailPerspective ............................................................................................ 13
RetailElevations .............................................................................................. 14
WestbrookProposal ........................................................................................ 15
Westbrook
development
III 111,I A11,41I A&A All, AIJ, All I&A,1111I All 10141 IUI A. 111.1 1 143 1111,11 .11 hil .116 diii.i IIIAli,.hl Ill 111,16411, 6911111, Jill a I, IIJI.U,I 1''. 1 .1l IA. I I l A 1, , d., I,—
Westbrook
® development
General Contractors,
_ Construction Managers,
Design/Build
January 25, 2001
Mr. Brad Hoffman
Community Development Director
City of Brooklyn Center
6301 Shingle Creek Parkway
Brooklyn Center, MN 55430
RE: 69th Avenue Redevelopment Project - Brooklyn Boulevard and 69th Ave., Brooklyn Center,
Minnesota
Dear Mr. Hoffman,
:3 We are pleased to have the opportunity to submit the following proposal for the 69th Avenue
redevelopment project.
2•
Our proposal consists of 33,300 square feet of retail on four primary pad sites. The architectural
concepts detailed in the attached drawings will be maintained by architectural covenant to ensure
concept integrity throughout the development.
We are recommending the use of rock face and burnished block, with brick embellishments.
Additional use of standing seam roof accents, awnings, and E.F.I.S. forms will create a standard
that will ensure long term value for this highly visible intersection.
Thank you for the opportunity to share our enthusiasm for this development with you.
Sincerely,
20 C � J
?lsen
• 1564 West University Ave., St. Paul, MN 55104 -3908 page 1
651646-1967 FAX 651646-6445
E -mail: westbrook @westbrookdev.com
9
v s'
You can succeed at almost
anything for which you have
unlimited enthusiasm.
- Charles Schwab -
® page 2
DEVELOPMENT TEAM
A) Scope of Proposal
Westbrook Development, Inc. will develop and construct 33,300 square feet of mixed use retail at
the intersection of 69th and Brooklyn Blvd. Total land area is 5.2 acres as described by City of
Brooklyn Center documents.
Property management of the development will be by Westbrook Development, Inc. Westbrook as a
licensed General Contractor will provide all construction using a combination of in house labor
' and preferred subcontractors. Bonding can be proved as required.
The following professional associations will be employed by Westbrook Development to provide
key design and leasing services.
B) Architecture
Architectural services will be provided by Neil Weber Architects. Neil Weber AIA - Neil Weber
Architects & Planners, 2280 Watertown Road,
Long Lake, Minnesota 55356
C) Leasing & Real Estate Services
�! Cambridge Commercial Reality — 4901 West 77th Street, Suite 144,
Minneapolis, Minnesota 55435
D) Financial Services / Mortgage Services
f All financial services will be provide by Cherokee State Bank. Westbrook`s long term relationship
with Cherokee State Bank serves to substantially underpin the viability of our involvement in the
j 69th Ave. redevelopment Cherokee State Banks strong asset base and tenure in the metro financial
market make them a natural choice as our lead financial partner.
� • page 3 Westbrook
development
III 1 �iui +Ww o�uimlmuh�sd�lxiliYmLJS .lilidu'.Yw iwWCr d, aYmaJiW 'Iu�ilud+6.'Wr'uiY.Wir Y�i�: maru9i�i. idYiwhYa +�dxmie.i:il:did,'i dulim... - - - . wv,:-,+ ��c,,, . +, +...,,,.a +..y.rta'�,�.. +, .. , ..,... ... .... ,,
WESTBROOK DEVELOPMENT, INC.
• Westbrook Development, Inc. is a Minnesota corporation formed in June of 1987 Since its
inception Westbrook has specialized in providing General Construction, Construction
Management, and Real Estate Development services for our clients. Our customers know us for
al finishing projects on a timely basis within budget. The key to our success is the first line of our
mission statement "Building relationships through excellence' The depth of our diverse experience
starts at the top.
Westbrook's President and Chief Financial Officer, John Nielsen, is a graduate of the University of
Minnesota with 27 years of development and construction experience.
Vice - President Tom Bina, also a University of Minnesota graduate, provides the general
management dynamic needed to oversee Westbrook's project management and field supervisory
staff of ten.
Computerized scheduling and job costing allow our project management staff to quickly account
• for costs and adjust schedules rapidly.
Our team has been involved in hundreds of projects, and our experience makes the difference.
We make sure every detail is accounted for and every deadline is achieved!
A
Al
ilk
West brook
page 4 k
,� development
PARTIAL CLIENT LIST 1999/2000
Project Owner Architect
• Cook Dental Dr. Dave Cook Stapko /Pahl
• Franz Repro AI Franz Darwin /Lindahl
• Jewish Family Service Jewish Family Service Portfolio
4 • Como Park Streetcar Museum City of St. Paul Hokansan, Lunning
& Wende
Burnhill Plaza CSM Corporation CSM
• Minnetonka Transportation Metro Engineering Archnet
• Dairy Queen Rick Zachau CB Food Service
• Midway Bingo Mickey Michlitsch Busch
® • Rainbow Foods Flemin g Companies, anies ' Inc. Rainbow
p
• Northtown Remodel Northtown Partners Winsor /Faring
• Chipotle Mexican Grille Chipotle Wilkus
9 Pearle Vision Mike Ahrends Westbrook
• Pearle Vision Mike Ahrends Pearle Vision
• Corporate Chef Catering Nat Joseph Catering Westbrook
• Rainbow Foods Fleming Companies, Inc. Rainbow
• Able Computer Capp Industries Westbrook
," ^A�
• page 4A Westbrook
development
Y �.A im i' d{1. Uuu,i 11 . J...... il.. ill rt u. ��in nmi , 16�In „m,. i.i i in i,u iii - - — — - --
PARTIAL CLIENT LIST 1999/2000 continued...
Project Owner Architect
• Rainbow Foods (7) Pharmacies Fleming Companies, Inc. Rainbow
• Apple Valley Square Craig Minnea RSP
JoAnn Fabrics - AVS JoAnn GPD
• McDonald's - Eagan McDonald's McDonald's
• McDonald,s - Bloomington McDonald's McDonald's
• Friends School Friends Associated Architects
• JoAnne Fabrics - Maplewood JoAnne GPD
o McDonald's City Center McDonald's McDonald's
• Hanson Pharmacy -Coon Rapids Dennis Amoth
• - Boomtown Gym Oppindan Archnet
• Mailboxes, Etc. Oppindan RSP
• C.T. Nails Oppindan Archnet
• page 4B Westbrook
J development
"— — YIYiYSYvleuu;'shba,ldI,i6s¢e, eaY.le ! _ i.i „ . ., $
NEIL WEBER, AIA
WEBER ARCHITECT & PLANN_ S
2280 Watertown Road
Long Lake, Minnesota 5535
952 -476 -4434
Fax 952 - 476 - 58&.3.,.,.. - - - ...,r....., .,..,., .,. .
Nw@weberarchitects.com
Firm History — Neil Weber
' 1971 — 1993 Schwarz / Weber Architects
1993 — Present Weber Architects & Planners
Education — Neil Weber
B.A. — University of Minnesota 1971
Firm History
Weber Architects & Planners is a 30 year old firm which has provided architecture and planning
in the Minnesota area. It has provided full service architectural and planning services to public
and private clients. The range of building types for which services have been provided are wide
ranging.
This mid -size firm has resources of up to nineteen people to ensure that top quality services are
provided on a timely basis.
Weber Architects & Planners have experience in the following building types:
Churches • Multi - Family Residential (townhomes,
• Retail apartments, condominiums)
(shopping centers, strip malls, etc.) • Senior Housing
• Office Buildings (rental, condominiums, cooperatives)
� • Industrial • Hotels
• Office Warehouse • Restaurants
Partial Current List:
• State of Minnesota • Laurent Development
�j • Municipalities — Bloomington, Lakeville, • Dr. Dennis Arne
i Eden Prairie Plymouth, Wayzata, • Wakate Hotels
Richfield, Eagan • LDS Church
• Opus Real Estate • MZ )ones Development
• Cargill Corp. • Brutz Enterprises, Wayzata
• Church Dev, Wayzata • .John Gabbert
• Oppidan Development • Sunsets Restaurant
0 page 5
CA MB R I D G E
t�
Commercial Realty
COMPANY PROFILE
Cambridge Commercial Realty has over fifty -five (75) years of experience and expertise in
brokerage & leasing, tenant representation, marketing, development, investment sales, market
research, and planning & advisory services. The following services are what we believe to be
the necessary tasks for Cambridge Commercial Realty to provide as we help our clients
undertake major real estate transactions.
Brokerage & Leasing — Cambridge provides proven, results - oriented marketing for the
sale or Ieasing of all types of properties. Our extensive database of buyers and users
helps us target our marketing effort toward qualified candidates, and our extensive
market knowledge allows us to approach and persuade those qualified candidates based
on their historical pattern of acquisition or leasing.
Tenant/Buyer Representation — Cambridge provides the necessary skills and infor-
mation to let our tenant/buyer clients make the educated decision. Developer /landlord
relationships cannot be underestimated, and Cambridge has high respect from the
developer /landlord community in our markets.
Site Location & AnaIysis — Armed with a full understanding of the site criteria of our
clients, Cambridge can identify the most favorable locations in any sub - market under any
time frame.
Market Research — Our in -house staff has strong experience in compiling and present -
ing pertinent information for the market review and decision - making process. In
ar addition, we can provide gap analysis studies to uncover new opportunities.
u REO Disposition & Surplus — Cambridge has provided excellent service to clients who
specifically require disposition of underutilized or surplus properties.
Advisory Services — Because Cambridge has such extensive real world market know-
; ledge and experience, we are the answer to our clients needs for consultation, planning,
and other real estate - related advisory questions with respect to lease vs. buy, construction
costs, development opportunities, expansion, relocation, long -range facility planning, or
consolidation.
Cambridge Commercial Realty is licensed and actively doing work in the following states:
Minnesota, Wisconsin, Iowa, North Dakota, South Dakota and Illinois
�l
page 6
CAM B R I D G E 7
Commercial
PROFESSIONAL MEMBERSHIPS & ASSOCIATIONS
PROFESSIONAL MEMBERSHIPS & ASSOCIATIONS
International Council of Shopping Centers (ICSC)
As members of ICSC, Cambridge Commercial Realty provides its clients with access to national
retailers and shopping center developer /owners. Through attendance at the national and regional
Idea Exchanges, Cambridge is able to maintain contact with the retail market on a national scale,
providing national clients and contacts to the local market.
3 Minnesota Shipping Center Association (MSCA)
This association provides a local audience and network for promotion of clients properties. The
MSCA also provides research for local markets that is valuable for Cambridge clients.
Council of International Restaurant Brokers (CIRB)
As the exclusive Minneapolis /St. Paul area member firm, Cambridge has a referral network in
• place for the nation's leading restauranteurs and restaurant real estate brokers. This provides
Cambridge with an experienced group of worldwide professionals able to assist our clients with
every aspect of restaurant real estate.
Minneapolis Board of Realtors — Commercial Industrial Division
Individual membership in this association allows Cambridge to market properties through the
Commercial/Industrial Multiple Listing service.
Realty Resources
Realty Resources is a unique alliance of highly qualified, influential, and independent national
commercial real estate brokerage firms located in major cities across the United States. It was
a established in 1988 for sharing and integrating resources in a way that provides extraordinary
service in meeting the commercial real estate needs of the clients of its member firms.
page 6A
a s ; R D G E
Commercial Real
ty
i
CORPORATE CLIENTS
Rock Bottom Restaurants, Inc. DF & R Restaurants
Mark Nelson Mike Ellis
Real Estate Vice- President of Real Estate
1050 Walnut Street, Suite 402 2350 Airport Freeway, Suite 505
Boulder, CO 80302 Bedford, TX 76022
(303)417 -4000 (903)571 -6682
Champp's CompUSA
�> Dean Vlahos Jerry Luther
Walt Henrion VP of Real Estate
153 E. Lake Street 14951 N. Dallas Parkway
Wayzata, MN 55391 Dallas, TX 75240
(612)449 -4841 (214)383 -4000
® Black Angus Restaurants Houlihan's Restaurant Group
Jan L. Martin Dan Rooney
Director of Real Estate VP of Real Estate
4410 El Camino Real, Suite 201 Two Brush Creek Blvd., PO 16000
Los Altos, CA 94022 Kansas City, MO
(415)949 -6400 (816)756 -2200
Kmart Corporation Border Books
Fred Synk Mary Quarles
Real Estate Representative Real Estate Manager
3100 W. Big Beaver Road 3232 Lake Avenue
Troy, MI 48084 Wilmette, IL 60691
(810)643 -5898 (708)256 -7098
Hollywood Video Schostak Brothers & Company
Mark Perkins Eileen Melman
Director of Real Estate Leasing Representative
25600 SW Parkway Center Drive 25800 Northwestern Highway i
Wilsonville, OR 97070 Southfield, MI 48075 .
(503)677 -1600 (248)357 -6191
page 6B
1
PROJECT OVERVIEW
4
GENERAL DEVELOPMENT
This plan is a preliminary concept plan that we believe meets the goals of the City of Brooklyn
Center. We are proposing a high quality development, which will compliment the public
infrastructure improvements and provide commercial services for the adjoining neighborhoods.
The property is currently zoned C -2 (Commercial) and R -1 (Single family residential). We will
proceed under the City's Planned Unit Development (PUD) process. The final details of the plan
are flexible to allow for critical input from the City of Brooklyn Center.
�i CONCEPT
We are proposing a development of approximately 33,300 SF as shown in the building tabulation
below. The intent of the development is to utilize the site to as great an extent as possible without
3 'overdeveloping" it. Our primary objective has been to optimize retail use on this site with the
least amount of impact to the adjoining residential neighborhood. This has been accomplished by
�J pulling the 21,000 square foot retail building back into the development. In doing this we can
create a substantial green area for additional buffer as well as privacy fencing along the property
line shared by the existing residences. Additional care has been taken in the concept phase to
provide for trash enclosures in the 21,000 square foot retail building to be contained within the
building to ensure a clean corridor is maintained at all times. We feel that this proposal provides
the City of Brooklyn Center the value that it needs for the site and at the same time provides more
than adequate parking, open space and buffering areas.
The vehicular circulation within the site will not interfere with pedestrian access and the use of the
buildings.
The level of design of the large building will be carried through to the design of the three other
buildings. The some palate of materials and colors will be incorporated in all of the buildings.
Samples of materials and their colors will be presented with the PUD documents.
,# W
• page 7 Westbrook
development
CIRCULATION / ACCESS
' The site drawing shows the projected improvements to be done on Brooklyn Blvd, 70th Avenue,
and 69th Avenue. The access from Brooklyn Boulevard needs to be approved by Hennepin
County. This access will be a right in and right out only. This access will have a turn lane for both
the entrance
and exit as will be approved by the county. Access from 70th Avenue on the north is important
and will be made easy by the improved intersect of Brooklyn Boulevard and 70th Avenue.
A right in and right out access will be provided at the SE corner of the site as suggested by City
Staff.
Pedestrian access will be achieved by use of the sidewalk system in the neighborhood and adding
appropriate sidewalk access to the buildings from the perimeter of the site.
20
The final calculation of ADT estimates will be submitted with the PUD documents.
BUILDING AREAS
j The following tabulation is the proposed development:
General Retail 21,000 SF
�l• Food Store 2,800 SF
Food Store 5,600 S F
Convenience Store 3,900 SF
'a TOTAL 33,300 SF
BUILDING MATERIALS / ARCHITECTURAL DETAIL
Uniform use of selected building materials will be controlled through the use of an architectural
covenant. Although the anticipated retail mix strive to preserve their individual identities each will
be required to use the specified materials and adhere to construction detailing consistent with the
development.
a
• page 8 Westbrook
development
TYPICAL BUILDING ELEVATION
0 Brick Accent — Banding
Rock Face Block
• Burnished Block
Colored E.F.I.S.
• Multi- staged Cornices
Standing Seam Accent Forms
a, PARKING
The building users distribute the parking throughout the site to allow for flexible use. If the 5.5 /
1000 ratio were applied for the total development (for space over 2000 SF and 11 spaces) the
requirement would be (11 spaces + 31.3 x 5.5) 162 spaces. We are providing a total of 227
spaces on the site plus a stacking capability for the two food stores and the car wash on the
�t convenience store. As the final tenants are determined final parking calculation will be provided
to meet the City requirements.
All parking set back dimensions meet the requirements of the City of Brooklyn Center.
'• LANDSCAPING / SCREENING
The concept plan shows a level of landscaping that more than meets the city's standards. Details
of the plantings will be presented with the PUD documents.
The area along the east side of the site will have the solid wood fence with a maintenance
easement as requested by the city. In addition to the fence we are showing extensive berms and
landscaping to protect the residential neighborhood further to the east.
I �
I�
I �
• 9 page Wes tbrook
development
SITE LIGHTING
Lighting will be provided utilizing metal halide fixtures.
Parking areas will be pole mounted to ensure pedestrian safety.
Service areas will use wall mounted down cast fixtures.
UTILITIES
We will be using the utilities in the streets in front of the site. Engineered (preliminary) will be part
of our submittal for final project approval. The original R.O.W. for June Avenue North is respected
a so that we can respect the utilities already in place. While the sewer and water will need to be
replaced, the natural gas facility will be respected.
GATEWAY SIGN
We have shown a feature sign at the intersection of Brooklyn Blvd. and 69th Avenue. This will be
designed with input from the City. We will incorporate other standards provided by the city for
landscape design, signage, and lighting.
i
D • page 10 Westbrook
development
� r
PRELIMINARY TENANT LIST
'i • Convenience Store/ Gas Station
• Restaurant
a
4 • Fast Food Restaurant
a
• Sandwich Restaurant
• Mortgage Co. Corporate Office
a
• Dry Cleaner
�i
page 11 Westbrook
1 development
/t
�- iI
�� V�JV' VVVV� I�,J�JlJ1J�V�4,�V�4�lJ�i�!'�
70 TH AVENUE NORTH i
North
An
iN
Ri
Z 'r �\ z rdks f / ' :� , / • `\ ;�, y l Kb � t - s���r`
y `�
if
p
z ♦ Q \ ' AQ` " ,. ru �' tti f I wt' 4 .� 'yk4.1�1 4 y�, r. 1P i', k' fi d j F4# { 4 4 y,
Q '� p '*
p p- 69 TH AVENUE NORTH �----�
CD 3 m O CONC I F'LAN
N Z y Z
•I�y /,..
7777"^
�,�3
�a �� � �� < � 'w'f ���V ���..� » � •• , � /,����i � :�k .:.I f � . 1 I� - •i `"!�����"�V���i� � JrL���d� �
�r��r'� t �� � 1 r •A� 11 ��, r a:
BI, I'll � ! ~ !' /�M °i'' �rq y�y �y�{� {i A' I I II# " �i I p � I � .�! •`� I c
t i�p ly (t= :J���'r,.v =�� ���i%� ,.✓.oi,�s'.l�rY��' t� i�f7. fi7W � �I'lll l I� 71��� �ip �.i -._f �I I� Y� 'I p � � !
I I �l'IlY c�ar� � 1 • 11 I I ! 1 i.'.,�gll_ • Rs. ' I^^R ,�y�i. -fin g l
am,ymu ifr ;!? �s�.� - "� � ��� wCli�i� I �= I76�i� I�. � j �s�.. � • j:1,IHll�7�, !
` tir
��
•
j� flu �� j � _ a. • '"r.;.. Nwu s. try$,# Iran r Ail . � rr llud
' � "��N'' I ��) � � 7�WI� a � `� � � I Q Iflllp •� �` >:�� � #�, r a, � ���, ; '. � � .. I IIIIiIIII�!n '!'� "' �
i � "119����jj� t • I @� I' '� I, �� � ! 91 � � `� ���� , .., .n. - � ' ,u�f � �I�� ��;J(laj���lll
I
{
2
3 1 Front
T f t;
Al
J , 4 y
a _
a
Front
a
a
a
End
• ' - - --
a
a
End
Westbrook
development
E L E V A T 1 O N 5
j 69TH AVENUE REDEVELOPMENT PROJECT
BROOKLYN CENTER, MN
� • page 14
v
s
Westbrook
development
General Contractors,
Construction Managers,
Design/13 uild
January 25, 2001
Mr. Brad Hoffman
Community Development Director
City of Brooklyn Center
6301 Shingle Creek: Parkway
Brooklyn Center, MIN 55430
21 RE: 69th Avenue Redevelopment Project - Brooklyn Boulevard and 69th Ave., Brooklyn Center,
Minnesota
a Dear Mr. Hoffman,
This letter shall serve as our letter of intent to enter into a purchase agreement with the City of
Brooklyn Center Economic Development Authority, to acquire the northeast corner of 69th Ave.
north and "Brooklyn Boulevard. The site as described is approximately 5.2 acres. Westbrook will
purchase this parcel of land for the amount of $600,000.00.
The amount proposed will be paid within 90 days upon acceptance of our proposal.
Westbrook Development has projected development cost to be in a range of $7,125,000.00 to
$7,552,500.00. Financing of said costs will be the sole responsibility of Westbrook Development,
Inc. Payment of the anticipated development costs will be accomplished through a combination of
pad site sales, long term lease commitments, and secured mortgage financing through Cherokee
i� State Bank.
Sincerely,
Jo n ?Nielsen
President
i�•
1564 West University Ave., St. Paul, MN 551043908 page 15
651 646 -1967 FAX 651 646 -6445
E -mail: westbrook @westbrookdev.com
.,.,
• Y 4.� k t . •-
P • � T t �
J
jv?
Building Relationships Through Excellence
.t
x Westbrook
development
1564 West University "Avenue
Saint Paul, Minnesota 55104 -3908
Westbrook
04 ice: (651)- 646 -_: Fax: (651)- 646 -6445
development E- mail:'westbrooq 6vwestbrookdevxom
f
f;
K M
`~ City of Brooklyn Center
" _ :s ,t.
-
�
A F",, tpn� _at'' "�,!` -"pct -
.�- � z c�+"�rF ,� a ,'sd �. - R,'r!k �' - _r#•'� - r ¢� ,� a. �`�` rx-� 3 ,sue` a`
�t�". .. .tea.«• � . • •� . _ sx � - t'4 � - _;. � � ` } � �'�' p" � �"' _
,�. -•,rem -r - � .�- ':�.,+ :�`5�� � �:�, ,,ex ��,. , -;�'
� � Y
— ,
. _69th _Avenu
5 v. a Redevelopment For:
The City of Brooklyn Center -. {
Developer: Christenson Cor
P
oration
12 South Sixth Street, Suite 715
Minneapolis, MN 55412
=: 612.338.7173
Contact: Ronald A. Christenson =_
January 15, 2001
Table of Contents I
3 1* page
CoverLetter ............................... ..............................2
3 Executive Summary ......................... ..............................3
LocationMap .............................. ..............................6
3 Narrative .................................. ..............................7
3 Concept Design Drawings & Photos ........... .............................10
Team ( Resumes) ............................ .............................15
3 Budget/Finance ............................. .............................20
Milestone Dates ............................ .............................22
r Schedule .................................. .............................23
3 Summary ................................. .............................24
i
W
I
Cover Letter 2
- 3- CCM
O Christenson
:ii January 5, 2001
Mr. Brad Hoffman
•� Community Development Director
City of Brooklyn Center
6301 Shingle Creek Parkway
Brooklyn Center MN 55430
Re: 69th Avenue Redevelopment Project
3 Brooklyn Boulevard and 69th Avenue
Brooklyn Center, Minnesota
Dear Sir:
Thank you for allowing us the opportunity to submit a proposal for developing a new
shopping center at 69th and Brooklyn Boulevard in Brooklyn Center.
(i Our proposal is to construct 43,000 S.F. of retail buildings, on four pad sites, with commu-
nity services listed in the attached pages. We now have letters -of- interest from several
tenants to provide these services.
Our mission is to provide services currently needed in the community, set a high - quality
standard for future development in the area and create new jobs.The project will create
about 200 new construction jobs and 200 new permanent jobs.
The following pages describe our design, team, financing, tenant mix, and schedule for the
project.
As shown in the attached drawings and described in the attached documents, we will
provide high - quality materials including, large windows, awnings, sloping metal roofs, and a
brick rock face block and EIFS building envelope. Our hope is to set new high standards
for future development in the area.
We are excited about this opportunity to serve the community. If you desire additional
information or clarification on any item in this proposal, please call at 612- 338 -7173 or
612
V
Ro
Executive Summery 3
'
• 1. PROPOSAL
Our proposal is to develop and construct a 43,000 S.F. shopping center on a 5.6 acre
site at the intersection of 69th Avenue and Brooklyn Boulevard.
2. TEAM
Members of ourTeam have extensive experience in large retail and multi -use
i projects.
A Developers
The project will be developed through a joint venture of Christenson
Corporation and Thorpe Real Estate Services.
Ron Christenson, CEO of Christenson Corporation, will manage this project.
Christenson was a Project Manager on the $150 million dollar City Center
Project in downtown Minneapolis. The project included a 52 -story office tower, a
300,000 S.F. department store, 600,000 S.F. of small retail shops and restaurants
and a 600 -unit hotel. Christenson also structured the development of a $65
million dollar multiuse project in Minnetonka, Minnesota consisting of 250 town
house units, 250,000 S.F. of retail space, 120 units of apartments, 130 units of
senior housing and a 36,000 S.F. church.
Before selling his company, Sam Thorpe was owner of one of the largest real
estate companies in Minnesota. He currently owns the 260,000 S.F. Plymouth
Building in downtown Minneapolis and several office buildings in the metro
Minneapolis area.
Christenson and Thorpe are currently underway with $55 million dollar projects
on West 7th Street in St. Paul and Meridian Road in Kalispell, Montana.
Christenson and Thorpe were invited by the city of St. Paul to develop a
commercial project welcoming visitors to St. Paul. The project, currently in
design, is a 450,000 S.F. development which includes retail, hotel, restaurants,
office, parking ramp and multifamily housing. The project is the west side
gateway to St. Paul. The project in Kalispell is a 650,000 S.F. retail development
including Target, Home Depot,The Bon and Safeway Foods.
B. Architect
The 50- person multidiscipline design firm of BKV Group provides 80 million
dollars in construction design each year Recent projects include Vadnais Square
Shopping Center, Medford Outlet Center and North Court Commons.
Gary Vogel, principal and designer for this project, has 33 years experience in
designing retail facilities.
C Construction Manager
Christenson Corporation (CC) will be the Construction Manager for the Project.
CC has been in the construction management business for 18 years. CC's
Construction experience in retail construction includes: I
North Court Commons Shopping Center, Blaine
Forest Lake Shopping Center
Pine City Shopping Center
St. Francis City Centre (underway)
Thirty (30) Pamida Stores throughout the country
Executive Summery (continued) 4
CC projects in the north metro suburbs include:
Zane Business Center (92,000 S.F. ofce /warehouse), Brooklyn Park
II I ; I Technical Resin Packaging (32,000 S.F. packaging plant), Brooklyn Park
Brooklyn Center High School ($9,000,000 Fine Arts addition and school
remodel), Brooklyn Center
Days Inn (remodel), Brooklyn Center
D. Mortgage Banker
L. J. Melody Co. will provide mortgage financing for the project. L.J. Melody &
Company is a wholly owned subsidiary of C. B. Richard Ellis, a full service real
estate service company employing over 12,000 people on an international scope.
In its function as a nationwide mortgage banker, L. J. Melody has 33 offices and
originated over $7.1 billion of financing in 2000. The Minneapolis office is new to
3 the Melody family. Operating as Eberhardt Company in the Twin Cities for over
60 years, the company was purchased in September of 1999 and has operated
13 as part of the Melody production team since that date.
E Legal
Leonard, O'Brien, Willford, Spencer and Gale will be our legal council for the
project. Leonard, O'Brien, Willford, Spencer and Gale commercial real estate
3 section has existed since the firm was founded in 1968, and in fact, a large part
of the firm's excellent reputation and identity is associated with their real estate
- legal work The eight attorneys practicing in the area of real estate law have
3 from three to thi ears of experience covering virtual) ever facet f real
m' Y P g Y Y
o ea
estate.
• F. Property Manager
Thorpe Real Estate (TRE) Services. THE currently manages the 260,000 S.F.
Plymouth Building in downtown Minneapolis and the 92,000 S.F. Zane Business
Center in Brooklyn Center, Minnesota.
3 3. TENANT MIX
The scope of the project is described in "Project Narrative" section of this proposal.
After reviewing the project with approximately 70 tenants, we have developed a
tenant mix that we believe will provide the services needed in the neighborhood.
Generically, these tenants include:
Drug Store
Dry Cleaner
- Convenient Store /Gas Station
Sandwich Shop
- Mortgage Company
- Day Care
- Barber Shop
- Fabric Store
Packaging Company
- Coffee Shop
- Municipal Liquor
Sit -down Restaurant
•
I�
Executive Summary (continued) 5
4. LAND TRANSACTION
We will purchase the 5.6 acres of land in the northeast quadrant of 69th Avenue and
Brooklyn Boulevard for an amount of $680,000. This amount will be paid within 120
days of acceptance of our proposal.
5. BUDGET /FINANCE
Mortgage financing will be provided by the L.J. Melody Company and Construction
inancing by the BNC Bank Copies of commitment letters from these banks are
attached for your review. If our proposal is accepted and a purchase agreement
completed, the bank and a mort e company will proceed immediate) to complete
gg P Y P Y P
their due diligence in finalizing their respective loans.
The total project cost will be approximately $8,150,000 dollars. Mortgage financing
for the project will amount to $3,200,000 dollars. The remaining $4,950,000 dollars
will provided by developers of the four (4) pad sites.
6. SCHEDULE
' The attached schedule shows our timetable to jro
complete the ect. Milestone dates
P project,
from this schedule are as follows:
Government approvals complete .. ..........................April 2, 2001
Real estate acquisition ........... ..........................April 2, 2001
Financing ................................................ April 2,2001
Working drawings complete ..... ............................May 1, 2001
Construction start ......................................... 1, 2001
........................... ...
Building construction complete . .......................November 15, 2001
Grand opening ...................................... December 3,2001
7. SUMMARY
We believe that our project will provide new services, amenities, real estate taxes,
jobs, and cash from land sales to Brooklyn Center. We also believe that the strength
of our project team and our commitment to our mission will provide Brooklyn
Center with a project they can be proud of.
�t
•
Site Location Map 6
w ^"
�M.�,�7�,�'.;' f/ �- �ayt.,,.t T• �... >.a q a
_ 1
IBtst A—, '
1
Ont, AVS .K K �9Tih Aee. _
+:3•f' :. .4'. � St H.
0314 AW N.
,�� •�� 30 X30 37
(f 4
A arZC`� r` 252 1 .;,
Y.
.`,�,- • QTR ,,. xt rt vx alsl AV V. N, F { , , ±,i .
Y \
IL / Project Area
152
H kti. = ~t * = �► - sayx. ",.
188 52
..,.. •(�#tca;; - \E LI xt - �MFiK: �:iMG� "�:'. :'s ,-'�•v,:• ''l:. �,� "-
''� MfP'ert.'' L.,xx o ..,:�,„ u.:.. e.a �'i *,x '. %•
.:� :a %i' a 'Eir,
i s i t7 57 - :u
:aa �S4Qf.1 ii7, . "'� - + , ' •a:n _ M;!
� �� � - ;�.r � "�H $1 r, _ �:, 182 „ ♦oda wr K {� X �,
57 _� 1
t t7 { .! hk ..s• ... 'o
` -ASah �' ,#54� .Q'Y �"� �� � � ~,,,'� 8 +^rwr •""'- �u1:::�;r 52
9 atai
0 �3�tt15 le;shd
- Lost
2 Ate, Lc
-. ax .. i -� ' °� . . � s 152 �_•�'
ffl► - _ :+N: "_� _ _
1
153
cin
f
afiu. w:.r- gg
i
=' akeg V o den 1 oJc, j -3
.%
F Valley
lot
..:30k J atrrnaxh AVi.
.--- -, HA °'� . ; - r'�� rtrmoaan wr.. 111
Z� f� 10th AW, M_ -'`-/ ai tt. _ W 2 94s
It.' try o F•
3 .... cb >: .. Y aq I I - 7d+�'.'0R W
w q.. - 55
I
Narrative 7
BROOKLYN CENTER RETAIL REDEVELOPMENT
PROJECT NARRATIVE
January 15, 2001
INTRODUCTION
The developer, Christenson Corporation, is proposing to construct a new mixed use
j commercial / retail development on the existing site located at the northeast corner of
Brooklyn Boulevard and 69th Street North in Brooklyn Center. The center has the
potential of 43,000 square feet of development with the four separate buildings shown.
i At this time, four major uses proposed are a 3,000 s.f. Convenience Store with a fuel
island and car wash, a 4,000 s.f. quick service restaurant, a 30,000 multi- tenant retail and a
6,000 s.f. freestanding building for office, retail or restaurant.
SITE
The site is bordered by Brooklyn Boulevard on the west, 69th Street North on the south,
70th Street North on the north, and residential property on the east. The total site area
is approximately 5.6 acres as shown however we are somewhat uncertain of the final
Right of Way locations for the proposed modifications of three streets around the site.
The actual site area may increase or decrease slightly depending on the final layout of the
property /row lines.
i
GENERAL SITE LAYOUT
The concept used in the layout of the retail development is the same as with nearly all
retail projects. The major buildings are oriented toward the major streets and or
intersections, in this case, Brooklyn Boulevard. These buildings are positioned such that the
major parking can be conveniently located near the entrances of each of the proposed
structures.
The three smaller perimeter buildings all face inward toward the center of the site at the
central parking areas. These buildings are generally developed as finished four sided
buildings since their backs or sides will face one of the surrounding roads.
SETBACKS
Normal City setbacks for this type of development are 35' from the surrounding streets
to a building and 15' to parking and drive areas. There is also a 35' green area setback
from the residential properties to the east.
This project is proposed to be rezoned as a PUD. Our current site plan recognizes the
above setbacks in most cases. However, as part of the PUD, we would like to request
relief from these setbacks in the following areas:
I . The 35' green area setback to the residential property on the east side would be
interrupted in the middle of the north south strip with enclosed refuse containers
and employee parking which would reduce the 35' to 17' at the refuse and parking.
The north and south ends near 69th and 70th Avenues would still be the full 35' set
back There would also be an 8 -foot high fence along the east property line.
2. The southwest building (6,000 s.f) would have a 15' setback to the new ROW along
Brooklyn Boulevard. This is in response tothe design guidelines allowing new
development to be close to the active streets. Whether this building is office, retail or
restaurant, all sides would be finished with the finish materials used on the rest of the
project including brick, rock face block glass, metal, and EIFS.
•
Narrative (continued) 8
3. At the southwest tip of the fuel island canopy, we would request a modest
encroachment of the 15' drive setback to allow better maneuvering around the
1 occupied fuel islands.
I In return for these setback adjustments, the developer proposes to work with the City to
develop enhanced corner and site entrance treatments in terms of pedestrian friendly
components. This would include such items as walks, benches, planting areas, bus stop sig-
nage, etc, along with an appropriate landscaping package for the entire site.
ACCESS
Access to the site is provided by four drive connections: one right -in / right -out from
Brooklyn Boulevard on the west, two full turn entries off of 70th Avenue on the north,
one right -in / right -out off of 69th Avenue on the south.
` PAMNG
Please refer to the site plan for the actual parking layout. All parking areas will be paved
with bituminous, striped and edged with concrete curb and gutter. On this preliminary
site plan we have shown 237 parking spaces for the entire site which is based on 5.5 cars
— per 1,000 square feet of 43,000 s.f, of mixed -use development per City requirements. The
overall parking count may be modified up or down depending on the final use and size of
(I the development.
ARCHITECTURE AND MATERIALS
The aerial rendering included in this submittal suggests an architectural style for each of
the four proposed buildings.
The Convenience Store building proposed has a distinct architectural style which includes
arched windows, sloping metal roof, brick and rock face block (a photo of a recently com-
pleted facility is attached). This material selection would continue to be used in the rest of
this development.
The fast food component would use brick and rock face block accents on all sides of their
building along with darker earth tone roof shingles on a sloping roof. Depending on the
final user, elements of their corporate signature would be incorporated in the final exteri-
or design.
The large retail center and the smaller southwest building would both use a selection of
architectural treatments and details, cornices, signage areas, metal and EIFS accents, backlit
tower caps (on the large center) all contributing to a cohesive design for the entire devel-
opment.
All materials used would be the same for all buildings. This includes the darker, earth tone
brick, lighter rock face block accents, bases and banding, copper colored metal roof and
accents (likely a full copper metal roof on the C- Store), dark roof shingles where used,
same colored EIFS where used on all buildings.
The purpose of using the matching materials and design components is to create a true
upscale planned unit development for this redevelopment site.
SITE AMENITIES
The developer proposes to heavily landscape the parking lots and the green areas sur-
rounding the fronts and backs of all buildings. Each pad site development will be responsi-
ble for its own landscaping but will need to be designed consistent with the master site
landscape plan. A landscaped buffer, using evergreen and leafing trees along with an 8'
screen fence will be provided along the east edge to screen the development from the
• adjacent residential neighborhoods.
I
Narrative (continued)9
The Developer proposes to work closely with the City on the development of the
enhanced corner treatments at both the 69th and 70th Avenue intersections plus the
main entrance t ante to the site off of Brooklyn Boulevard. T
y he intent would be to create
pedestrian and vehicular friendly elements for aesthetic value, places of rest, directional
support, development and user identification, transit stops, etc.
SITE LIGHTING
Site lighting will be provided in the main parking lot using standard poles with metal halide
or high - pressure sodium downcast multi -head light fixtures generating a minimum light
level of .5 foot - candles for safety purposes. Security lighting at the rear or east side of the
(+ retail building will be down cast metal halide or high pressure sodium light fixtures mount-
ed to the rear, service side of the center directing lighting down to the service drive area
and away from the residential areas further east.
TOPOGRAPHY AND UTILITIES
While detailed topography has not been developed at this time, it is apparent that most
of the site is relatively flat in relation to the three surrounding streets and the residential
neighbors to the east. However the site at the northwest corner does drop down from
Brooklyn Boulevard and 70th Street does rise up as it meets Brooklyn Boulevard. To
incorporate this change in grade we have shown a landscape block retaining wall around
the west and partial north sides of the Convenience Store to accommodate this grade
change. This would in affect recess the floor elevation of the C -Store below the natural
grade of the north end of Brooklyn Boulevard. Final grading design will occur as the proj-
ects design develops.
All public and private utilities are available at numerous locations for connection to each
of the buildings proposed. The utilities running north -south in the abandoned June
Avenue may have to be abandoned and reconstructed or may be able to be left as is.
Final resolution of the abandonment and connection of new utilities will occur as the proj-
ect develops.
,j We have intentionally separated the buildings to preserve continued access to or new
utilities in the abandoned June Avenue North.
•
I�
lii: 1 21 111 511
B KV
�w.W oaom. b r aT I G Il O U P
70TH STREET NORTH �� y3 '�F,�;'�, ;, S , -:; r.'� _
Q � ?
INTERIOR DESIGN
. .,.•.o _ _ _ �... -• - ^ — - _, a r s`' r° # 3 4 o- k ' IENGINEERING
DESIGN
\ �OG, >. — � � i`•,'- �$.. ate" ' . II 'W. ocean -
- W
,Group r
\ ' � �• raia.� " s� tt� �`� r.. _ << .��+` � � Inc ' - : D
7 n it l rrt t ,, 222 North Second Sheet
A
\' Z dla t t r ffa f n r .MlnneopollS, MN 55401
Telephone: 612339.3/52
FacSIMW 612.339.6212
v^".bkvgroup.com a
n$
•§„,��
VR
EXISTING
RESIDENTIAL.. a PND+ECrm�
:•- '� '� "' �I BROOKLYN CENTER
RETAIL
REDEVELOPMENT d
\ YL
f ' r \ \ /�. \\• \. \ eO
fit \; �it
FL `` ''•s ® -v � `�` � 3" v'��-�'A'as. wl:...wla uN S`wm
\ \ •�� r _ II ,�., ® r�G �kk.s�'a t, �"�.i r� ! � '' .
L •'`� I R.I ^tom 3`+:r9 ri " ; 5 ,2. j 4..
\ \ \ ' : 59 ' '�t`• R > SITE DEVELOPMENT
v \" P:
y PLAN
BUILDING & SITE DATA
TYPE S rT PARKING
BLDG Q�
A CONVENIENCE 3000 19
STORE /FUEL/CA0. WA
B WDONALD'S - 4000 PLUS QUEUE
C RETAIL /OFFICE 6000 59 „q ucxw xurar
}/
D RETAIL 30.000 114 �� �\ t 7 - '^ ��; a- +l: -1— 11 ' Ben1 No DAB
TOTAL SQ. FT TOTAL PARKING ,! i'' / 0`)0000 OOOO - I f
0 o
a3.oao 237 69TH ST NORTH ' o�iuMw:n °
o�N�N .o o
ea,�
-
�;�����/ �(
PARKING REQUIRED
scut : so NORTH 43.000 SF ®5.5/1000 237 _+
o C� cNe e
D r
COMALSSION NO Nt5 t0
BMEETNWBER
( SITE DEVELOPMENT PLAN
��I "=30' 1415- 10 -P -SP2 dwg � - — -
0 A,
r -
� Y .
_ k
. ' � F..,_ .. ,, �- : A __. �.:. +c.,.,d„ a*.r -- r•+, .,wa�aw.;:r,.i;. - `- .'' - y �p s�` � �y A,
WIM
4
�' .,� . }� 571 '�y""""y*� '"�}�'� . ^ - t.�n _
f M -
_
r
T
L
r '
ay • �' ^ ?�, a'" fSt� 5tt .c " s m I!' C S r �,�ey rap,
I
.t. .. "; �a ��+u� '�'4`I' "+ Y om,, � �`crt,.l. w�tz - - . . i s A ,, � y Ya f'�•y��` •
•
IF
�a
M A
N4
Y' 4
� �fN*,�:: _ y .. .,ran �':� t"w:'#� .•�
C .�,. ,_ ',.... t- - .. ,:. -t , <�.. , r .� _ *.:.- w.t: �• ' ,s xn r �. r r „�``J'..,.... rr. . -.
.. ,.e* y. ..�.. _. -.,. r , ».. ` .. ." -fit . ti• :F .ws_ a.. .,. : - a ;. , . },. .a .:....„ tx....� N, ' v emu. . Y- , ."
. i v_ .. .. z :: . , . ..,. .. �. .:..� - R' .. .. ..Y, � 1 ��.. r. W ,.,. f. ... Y ...... _!F +C � 1{ •`;y -�' .f'
•. .,�:. ..r ... Y :,. 4. . -- x .... s.. _; _ }; �. -,� .F S 3, •KT Y e - ) o-^.'.., a 4 ,�` - »s.., �:t�
g w r ll�;� - r ,� �J e Nw r: ,z` �#,s��'r �.::�-, *t;:= �• _ �, i `t� a315. �"-�.��° s� • y<
• �
a r
N
aR�.'r,/a 4'a �,� 1, ' i j i,�. ��,�,. y.r•� /! ��,r ,� y � r.t�• s�p� '���,.��' .( Y'a�' ���^ / ' ' "' � G
v:a J'I'�,M �('�. a� � T �� [- 1 .,1.41 {' � M,� {l� r ml.i "{� j , • ' t t f
*`:�t
+�� ".4 +e, •• r �'����,. # ,;, « � { 3 � + - u1iT'f t,��'s- '�`�s� � i;) t �•s� 3,; r �'�f��,,5/ p' ''
Q)
L
LL-
0
O
0
`iii` �' - �+ ti • I - :-•• �� _.
i
-
"
4''�SxXV74'
�� +"�t�
' ,,, + >ri1. •�,. �. �` c;...�5 '�R r. �'� � �. � -�x .,$i'`.e.. ,,. _ t "7, � � L'� Y �`" :S, i i r r ' f'�i ,
MUM
'
„•iii 7.^} f: . �,
,.x. ,�- ,ir' N'`�.� ?rt•`9, .'�.R', y s�, M n�k.,, " ' �� z>Y a l'Mz'" '{ ' yi L r' ,,.� P,ai rk„ f.
$ .,: rr�,+ =. e�w.!v. ,:m'.J ,. .ri;'i �„ ".a.+F: 'i - a .:Y�',�•, r ^ "��1t ',.,f r ^�r �. ' 3, ' ,,,r , ,� ., r', . ,._ t_ r '. '� �' 'r »;� ' r � :. r s .:
',%. n' r.„•
.�', �r'� :; p . �,t�p 'E# .�1 ,� .,<r a',3a w;r� T , �. - i, f• . - x ~ w " , .y: ',fhi d.+ .��i',�.'E'�"fi ? " {•i'�: .: y �„' ; 'err ��.,,;�j.�t�*.i,''3�'' 1 ".;' ! ,.
'� � ��< �fi` �,>, .�� i',� ;�,�sn ' "'i`"y'";„< s n� „�C, :�6v �; •t.., "•. '� 'r t, �F„sr ,a,r• ;tY.,3��,•���''r,1., ^:a�, S �; M "� "v
, n r ' � s; w ''3: •� '� a �,,,,, ,w"��, a, r na�.�r '� �' s 4 + + �.� JI .Yi }k , � �
1,s '"�',.�,�: ,Lr ��$�t'. ° °_ s 4�y d � ° R� y ',r eS��s � " ��{:��'� N,�; p, ' !r� •�''t, A.� I�'i�d V`+
�m :+R"� x M� W.w';ysb, t k � ��y� 3'�- "�'Y•,"^'�' �, 4 '�i \ `�s 4"a'Yls a i y, i�` � 'f + 1 "W�, �t �,'I� ,la '�.
. y •�.," � ,,; „klaw' . 9".�q". {� �,, ia+ ,y �.���� RKYc ��', "���'� r1 ci�ti � �>; a �pS'. � ° ��'� c
>K
. nR • 1 irt�+ `r ,}e ��,ym,. ,N4H, - y m �•�"` h.,.i `-�'r t { 'L �ir7;42 „r�' rr" � �r ,f ,\ i",
���Mx�, s� '•SFr '�i�9�v��+.v�*,���'�' 0
{ ,, --
M
U
bA
C_
m
N
O
cn
o
:P o1 /
I
i
_ I I
�i c, ; � .. :�lry f ' y -- � - _ _.- - - _. -i'1� r �`-•• �• ••w+• 7a t 1'f d2 S i . ry .-_� �w.•
I _
F
I-
ui
5,7
OF7
'Z, J
AN
t3-o
I - � #� r�� �,r' vaR'•f."�r�6 �`y j7,r - n' � „� - h "5r �, '�y "��. q,t,��rf� ars ,�` at t ,y ' l u y �'.
-A a
:;g W
)404
V)
z ., 'x? r` 1 � �.. � " :4 r � x i # �l',. ,a,,, t'4� �� ra '� i �,y5u�: - +v I �1, � �, A. �
" r,v, u„ ,,x' r � ' � •,.s 'I k�, .,1� - '�,�;. �Yw.'t� Il t�%_, ' � # ' ;�; " ,� q� $ �,t 5' '� a•'
'rJV�^, a' +; '� �.� �•J"k ' .�IK 1d� r'� ti I ��r 7"�T� �Y,'�$r °5,' 7', O
:9, pl: 'r,G�'r 'f �4- n�k�,p Ir #��� '''YYY 1 ti �r Frry ff�, n' �;`5 - �✓(,�
k4
T�i
k • d} F 1 ' fi r _ 1 ><,a r t' 1 k � i 7..'ita E,�I,�„ 1 ; n pp 1 ,,p n d�.' 1'k�'{ s •
— s it - '.�� h �■ ti� _� - rte 'i ' 'I ;�' #, t'�°y� '6t,,,g,,C'�4 �^
4'r ' - �'!S'+ � z ° +�« t aK�� `�an4.ri �4�f�' ', `
Wi ., R1 1
N
r �' f . 4 if - t r .'# 'd� � `# g'�" 4"� - i4lt° • {� yi th4 t r f17. ��� �j , ? E
ki
e A
t
OA r , -,7 ¢�9 a v? -. " ^9 - -: r 3$':: `s °,i.r`' a ,' r '" -" °- } '��F
's "z��,' �, �"� � - �_�. T � _ '' s - r - ,tg� _ �� R�'�,- �. , t „, tr } t y t ,4 �y +T�� .v .,
' i�' f+ L""', �; }��r • a = � "P � 'I t Y � "` - t:, - ' s s i+i; ;6 1 + r f'; ;"��'{• "si y; ,. ;�. u '
�,�as � -�: •� �tatT7+• S a „,• I �; ,t; t z, � � ! �.
�",t .� ;. ��:,,i' .> !d t Ji�r �,+�. d, r r +C” ,� `'} d ''1 iii °y,tiyau� •;�}
, y , .� "; a< �' �� '�"��' � " �" �r_. s � � d„ r �, '' ;, " "�ti��5\ � '` T
3Qx5 sy,,, : T t � �J�� r �� :' �� c, k °t k � ar � (i ^u �°`� ��� �' .,( - y ° ° r �
��h 9'y" 7 1�'` ia` � � ���� t r �'�k {Yp�'h�7 : `�F ' 1 y4,. 4' i r
R.
��'r's..'� r�, -3r ��.�.t .���('tH�' - . �� � 1,�, 1�+ � _,.��. c •� 4 e ' r '- � ,,{ c,�,( ���' ''�,�
3 : H;. P, �l '" t �: 'r �r dr 3d' �' �t � ° 4 i,1 .t � vY` }
�{ ¢:' � ggg 7y s< ; � 'a>':'•,.r. ';<Ity hs "� .. ' �d '" "�; y�
y� ffi r �+ � f y - , .r f� �= a.`. x " its � .t ,�'N.s �S' " a St It',' � �� ' S� �' z �� �� 4
:x j ' '#' a � ��' ' i ..fir ' 1,t7 ' �
yµ•,�, ,pti ���# ,�, .".l".''' �r n�'`r,_ t -1R .E- ¢, ,y��'b' at m v yy.7s '.5�'
N !"
v fil rw i t+Pi.� :.. e:;ri' >,,3,6.°# ML
5- P11
Firm Resume and Background I
e a ackg ound 5
CHRISTENSON CORPORATION
Ronald A. Christenson
Mr. Christenson is the president and Chief Executive Officer of Christenson Corporation
(CC). Christenson Corporation is a real estate development and construction manage-
ment firm which manages the development of institutional, commercial, retail, industrial,
and residential projects throughout the United States. Christenson Corporation has been
in business for eighteen (18) years.
CC's mission Is to provide professional Real Estate Development and Construction
Management Services which will produce quality, efficient projects that are under budget,
on schedule and exceed Owner's expectations.
Christenson has developed over 1.5 million square feet of retail and 300 residential units
over the last three (3) years. Christenson also programmed and structured a sixty -five
million dollar mixed -use development in Minnetonka, MN. The development, which is
now complete, includes 250 townhouse units, 250,000 square feet of retail, a 120 unit
apartment building, 130 units of senior housing and a 36,000 square foot church.
CC is currently underway with a mixed -use project in St. Paul, MN and proposing another
in Kalispell, MT These projects include office, retail, hotels, restaurants and a convention
center. The budgets for these projects are about $55 million each.
Christenson currently owns over 300,000 square feet of retail buildings, 100,000 square
feet of office/warehouse and several apartment buildings which CC developed, in three
states.
For three (3) years prior to forming CC, Mr. Christenson was a Project Manager for a
large ($1 billion /year) General Contracting and Construction Management firm with a
regional office in the Twin City Metro Area. As a project manager, he had responsibility for
the retail and parking facilities construction of a major $150 million dollar downtown
commercial /retail /hotel projects.
Prior to the foregoing position, Mr. Christenson was a Project Manager for a large depart-
ment store chain and shopping center developers; Target Stores and Dayton- Hudson
properties. Projects including regional shopping centers, were located throughout the
13 country, including Detroit, Las Vegas and St. Paul.
Mr. Christenson also served six (6) years as a Structural and Civil Engineer for various
consulting firms, and two (2) years overseas as a Construction Engineer with a major
international General Contractor.
Mr. Christenson is a 1967 Civil Engineer Graduate of the University of Minnesota and a
Registered Professional Engineer in the State of Minnesota. He is on the Board of
Directors for the Minnesota Hearing Aide Association and has served as an officer with
the Minnesota Construction Management Association. He has also served on the Boards
3 of Directors for the Minnesota Multi Housing Association.
I3
3 0
3
L�
Firm R Background Resume and Backg ou 16
THORPE REAL ESTATE SERVICES
Sam Thorpe
Mr. Sam Thorpe is currently President of Thorpe Real Estate Services, a Minneapolis
Company established January 1, 1997, as a commercial /industrial sales /property manage-
ment and development company.
From 1994 to 1996 he was Executive Vice President ofThe Ackerberg Group,
Minneapolis, a commercial real estate business that purchased Thorpe Bros., Inc. in 1994.
From 1961 to 1994, Sam worked at Thorpe Bros., Inc., Minneapolis, a full service real
estate company established in 1885. He worked in the Mortgage, Residential, and
Commercial divisions of the company. Under his leadership, the sales force grew from 35
to approximately 450 associates and the number of offices grew from 3 to 13.
He was elected Vice President of Thorpe Bros., Inc. in 1966 and President and CEO in
1 976.
For several years Sam has served as a Hennepin County commission in condemnation
hearings for the Hennepin County District Court.
I
SPECIAL RECOGNITION
I
Minnesota Realtor or the Year, 1981
PROFESSIONAL ASSOCIATIONS /AFFILIATIONS
Minnesota Board of Realtors, Past Director
Minneapolis Board of Realtors, Posy President /Director
Rotary Club of Minneapolis, Past Officer /Director
Viking Council, Minneapolis, MN, Boy Scouts ofAmerice, Executive Board
The Church of St. Stephen the Martyr, Edina
Surdna Foundation, New York NY, Director and Post President
Charitable family foundation, established 1917, current assets
$650 million
James R. Thorpe Foundation, Minneapolis MN, Treasurer
Charitable family foundation, established 1977
Minikohdo Country Club, Minneapolis MN
EDUCATION
University of Minnesota Law School, 1956 - 1 957
Trinity College, Hartford CT, Bachelor ofArts, 1956
i
Firm Resume and Background 17
BKV Group, Architects
BKV Group is a full- service, architectural, interior design and engineering firm that provides
Q complete solutions from initial concept to final construction. BKV Group's professional
staff of over 50 architects, interior designers, engineers, graphic artists, marketing profes-
sionals, and specialized support personnel, provide total in -house project services.
Since its inception in 1978, the mission of BKV Group has been to become a nationally
recognized architectural, interior design, and engineering innovator and leader. Through
the dedicated efforts of its collective professional staff, and leadership of the firm principals
-- Jack Boarman, David Kroos, and Gary Vogel -- BKV Group offers clients dedicated years
of experience and a wealth of talent.
BKV Group is a design oriented group of professionals that base our problem solving on a
clear statement of functional needs and aesthetic goals. While our values and experience
are important factors in shaping a design, it is the client's needs that define the basis of the
problem, and client's aspirations for the project that provide the measuring stick for evalu-
ation. We believe good design is the result of the client and architect's attitudes rather
than the size of the budget.
We care about the human and social implications of our designs. The result of our design
and engineering efforts are spaces and places where people live and work. As design pro -
fessionals, we have a responsibility to our clients to design buildings that satisfy the needs
of the program, schedule, and budget. But, we also have a responsibility to the users to
make their experiences with our buildings meaningful and supportive.
RETAIL PROJECT EXPERIENCE
REMODELINGS AND ADDITIONS Mikara
Bumhaven Mall, Burnsville, MN (60,000 s.f) T.R. Christian
Columbia Mall, Grand Forks, ND (60,000 s.f) Nike
Har Mar Mall, Roseville, MN (150,000 s.f) United Store
Holly Center, Fridley, MN (60,000 s.f.) North Face
Lake Shoppes, Forest Lake, MN (50,000 s.f.) Video Update
Oak Park Plaza, Blaine, MN (130,000 s.f) Paper Warehouse
Rainbow Center, Inver Grove Heights, MN (30,000 s.f.)
Riverplace, Minneapolis, MN (10,000 s.f) NEW PROJECTS
Southdale Concourse, Edina, MN (60,000 s.f) Champlin Crossing, Champlin, MN (13,000 s.f.)
Target Center, Edina, MN (40,000 s.f) Columbia Heights Mall, Columbia Heights, MN (100,000 s.f)
Lyndale Garden Center, Richfield, MN (60,000 s.f.)
SPECIALTY SHOPS Medford Outlet Center, Medford, MN (230,000 s.f.)
Ames One Hour Photo Midway Ford, Roseville, MN (40,000 s.f.)
Pier One Imports Northcourt Commons, Blaine, MN (130,000 s.f.)
Andrew Alexander Ridgehaven Mall, Minnetonka, MN (65,000 s.f.)
PROEX One Hour Photo (Multiple Stores) Room & Board, Roseville, MN (40,000 s.f.)
Blockbuster Video Rosemount Market Square, Rosemount, MN5 (1,000 s.f.)
Rocco Altobelli Salons Roseville Crossings, Roseville, MN (36,000 s.f.)
Dunn Brothers Coffee Vadnais Square,Vadnais Heights, MN (145,000 s.f.)
Starbucks Coffee (Multiple Stores) Walgreens (Multiple Stores) (13,000 s.f)
Liz Claiborne Winnetka Commons, New Hope, MN (40,000 s.f.)
• The Cutlery
d
Firm Resume and Background 18
L. I MELODY & COMPANY
L.J. Melody & Company is well - positioned to fulfill all of your commercial real estate capital
needs. As one of the largest real estate investment banking firms in the country, L.J.
Meldoy & Company operates offices in 28 metropolitan markets nationwide and
maintains a servicing portfolio of over $13 billion. The firm represents the real estate
investment - banking arm of CB Richard Ellis which acquired L.J. Melody & Company in July
1996. CB Richard Ellis is the largest real estate services company in the world employing
10,000 people in over 230 offices around the globe.
L.J. Melody & Company prides itself on being one of the most productive and highly
respected originator of commercial mortgages in the U.S. Our expanded roster of
lenders has positioned Melody to meet your needs by offering a wide variety of debt and
equity financing options for commercial properties in every geographic region. L.J. melody
headquarters are located in Houston,Texas and the company maintains its broad reach
across the U.S. with offices located from coast to coast employing approximately 300
professionals nationwide.
Numerous avenues of information and services are available to Melody clients through CB
Richard Ellis's worldwide market presence in investment sales, appraisal, property
management, research and pension fund advisory services.
i
L.J. Melody & Company is your compete source for debt and equity financing, investment
advisory services and asset management
COMPANY FACTS
One of the country's largest onginotor of commercial real estate loans
$13+ billion servicing and asset management portfolio
Average loan size of $8 million; transactions range from $ I million to $200+ million
Rated by Standard & Poor's as a Commercial Loan Servicer
Over 300 employees in offices located in 28 major U.S. markets
Ranks as one of the top originator of conduit loons for major banks and Wall Street
i
I
l
Firm Resume and Background 19
LEONARD, O'BRIEN, WILFORD, SPENCER & GALE
Timothy M. Walsh
' Leonard, O'Brien, Wilford, Spencer & Gale is one of the leading law firms in the State of
Minnesota, providing quality legal services to business and individual clients located across
the nation. Founded in 1968, their firm has seen a steady growth in its areas of practice,
including: Commercial Real Estate Services; Business and Corporate Law; Creditors'
Remedies, Reorganization and Bankruptcy Services; Estate Planning and Probate Services;
Financial Institutions Law; Government Relations; Mortgage Banking and Real Estate
Services; Environmental Law; and Litigation.
Budget and Financing 20
F= BUDGET
Building'D' - Retail (30,000 s.f.) $4,250,000
Quick Service Restaurant 1,200,000
Convenience Store 1,500,000
Building'C' - (6,000 s.f.) 1.200.000
Total $8,150,000
FINANCING
Equity
Building 'D' - Retail (30,000 s.f.) $1,050,000
Quick Service Restaurant 1,200,000
Convenience Store 1,500,000
Building'C' - (6,000 s.f.) 1,200,000
Mortgage (L. J. Melody) 3.200.000
Total $8,150,000
L. MELODY & COMPANY
81 SOUTH 9TH STREET, SUITE 400
- MINNEAPOLIS, MINNESOTA 55402 -3227
.m TELEPHONE (612) 336 -4200 FAX (612) 339 -+352
December 5, 2001
Mr. Ronald A. Christenson
Christenson Building Corporation
750 Plymouth Building
12 South 6"' Street
Minneapolis, MN 55402
Re: Brooklyn Center Redevelopment Project
r �
69"' Avenue North & Brooklyn Boulevard
Brooklyn Center, Minnesota
Dear Mr. Christenson:
We have been made aware of your proposed involvement in the Brooklyn Center Redevelopment
Project. It is our understanding the project involves approximately 5.2 acres of land and will encompass
three (3) pad sites for future sale and the development of 32,200 square feet of multi -tenant retail space.
L. J. Melody & Company have had experience with both you and Samuel Thorpe as borrowers in past
commercial real estate ventures with excellent results. Based on this relationship and our knowledge of
the real estate finance market, it is our opinion that the proposed retail development, with sufficient pre-
leasing from creditworthy enants will be f i
y o interest to the long -term lenders we represent. We would ask
for exclusive representation of your financing interests in the project and are confident we can perform to
your satisfaction.
L. J. Melody & Company is a wholly owned subsidiary of C. B. Richard Ellis, a full service real estate
service company employing over 12,000 people on an international scope. In its function as a nationwide
mortgage banker, L. J. Melody has 33 offices and originated over $7.1 billion of financing in 2000. The
Minneapolis office is new to the Melody family. Operating as Eberhardt Company in the Twin Cities for
over 60 years, the company was purchased in September of 1999 and has operated as part of the Melody
production team since that date.
Please feel free to contact either of us with any questions or comments. Thank you for considering L. J.
Melody & Company. We look forward to being of service.
With personal regards,
L. J. MELODY & COMPANY
John W. Davis A. W. (Bill) Davis, Jr.
Senior Vice President Vice President
•
I A CB Richard Ellis Company
Milestone Dates 22
Government Approvals Complete ........ ..........................April 2, 2001
Real Estate Acquisition ................. ..........................April 2, 2001
Financing ...................................................... April 2,2001
Working Drawing Complete ................ ......................May 1, 2001
Construction Start .......... ..June 1, 2001
Building Construction Complete ...... .......................November 15, 2001
Grand Opening . ...December 3, 2001
r
v
0
0
•
Ibd [6d Aid lad fm aw im !m
PROJECT SCHEDULE CCM
69th Avenue Redevelopment Chiristenson
Brooklyn Center, MINNESOTA
(1 -4 -01)
1st Quarter 1 2nd Quarter 1 3rd Quarter 14th Quarter
ID Task Name Start Finish Dec Jan ( Feb Mar I Apr I' May I Jun Jul Aug I Sep Oct I Nov I Dec
1 Concept Design Wed 12120/00 Mon 1/15/01
2 Government Approvals Mon 1/15/01 Mon 412/01
3 Real Estate Appraisal Tue 1/23/01 Thu 3/1/01
4 Real Estate Acquisition Tue 1/23/01 Mon 4/2101
5 Finance Tue 1/23/01 Mon 4/2/01
6 Design Development Thu 2/15101 Thu 3115/01
7 Working Drawings Thu 3/15/01 Tue 5/1101
I
8 Bid, Evaluate, and Award Tue 511/01 Tue 5/22/01
9 Mobilize Tue 5/22101 Fri 6/1/01
10 Sitework Fri 611101 Mon 10/15/01
11 Building Construction Fri 6/8/01 Thu 11/15/01
12 Tenant Improvements Mon 10/1/01 Mon 12/3/01
r -
I
- Summary 24
A. Benefits
• With the completion of this project, we believe benefits to Brooklyn Center will
include the following:
Service to the Community: drug store, dry cleaner, barber shop, fabric store,
restaurants, convenient store, daycare business will provide the services currently
needed in the neighborhood.
Public Amenities: We believe that the sidewalks, landscaping, and general design of
the shopping center will provide a new aesthetically pleasing look for the 69th and
Brooklyn Boulevard area. Our hope is that this initial look will spread throughout
future development in the neighborhood.
Real estate taxes generated: The project will generate approximately $300,000 per
year in new real estate taxes.
jobs: The project will also create approximately 200 new jobs during construction
and approximately 200 new permanent jobs.
Land Sales Approximately $680,000 dollars in purchase price for the land will be
returned to the City.
B. Viability and Ability to Perform
Our team of developer, architect, construction manager, mortgage banker, attorney,
and property manager, believe that this project is viable and exciting. We believe that
the project will substantially strengthen the 69th and Brooklyn Boulevard
neighborhood in terms of commerce and community services. We also believe that
the extensive experience our team brings to the project, and our commitment to our
• mission, will result in a project that Brooklyn Center can be proud of and one that
will set the pace for future development in the area.
r
i
i
f