2014 ULI/Butcher Multifamily Housing Forum--Paul Freitag

ULI/Carolyn and Preston Butcher Forum on Multifamily Housing

January 16, 2014

Jonathan Rose Companies

Jonathan Rose Companies AMP Overview

Jonathan Rose Companies

Jonathan Rose Companies

Mayor Nutter

Jonathan Rose Companies

Trid Master Plan (by Interface)

Phila2035

Temple University

Temple Regional Train Station

Jonathan Rose Companies

Green Streets Green City, Clean Water

Paseo Verde TODGREEN INFRASTRUCTURE & BUILDINGS

Jonathan Rose Companies

Jonathan Rose Companies

Key Project Elements

• Demonstration project for TOD and green development Focus on green infrastructure and LEED ND

• Not 100% affordable housingNeed to include market rate housing in challenging market

• Not 100% (undergraduate) student housing

• Requirement to include a significant retail/commercial program

Jonathan Rose Companies Q + A

Jonathan Rose Companies Paseo Verde, Philadelphia, PA

Strengths

• Location- Location –Location• First Transit Oriented Development in Philadelphia• Political Will• Community Support• Strong partnership: APM/JRCo• Public /Private Partnerships and Investments• Significant Subsidies from City and State• Pre-leased 7,600 square feet of space to a community medical

center, 15,000 square feet for office space for APM, 1,500 square feet for a pharmacy.

Jonathan Rose Companies Lessons

Jonathan Rose Companies Groundbreaking

Jonathan Rose Companies Paseo Verde, Philadelphia, PA

Jonathan Rose Companies Paseo Verde, Philadelphia, PA

Jonathan Rose Companies Paseo Verde, Philadelphia, PA

Jonathan Rose Companies Paseo Verde, Philadelphia, PA

Jonathan Rose Companies Paseo Verde, Philadelphia, PA

Jonathan Rose Companies Paseo Verde, Philadelphia, PA

Jonathan Rose Companies Paseo Verde, Philadelphia, PA