8/10/2019 Hill Street Ventures_Competition Board
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THE DECK
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5
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5 7
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3 ROOFTOP PATIOS4 RESIDENTIAL LIVING5
MOKSHA YOGA / FITNESS STUDIO6 FRANKLINS BIKE AND COFFEE7
CLASS A OFFICE LOFTS2
THE RIOPELLE DINING HALL1
THE RIOPELLE DINING HALLAn eclectic dining experience thatwill
draw visitors from across greaterDetroit. The concept updates
historicmarkets such as the Los AngelesCentral Market with modern
cuisineoptions. Importantly, the shared spaceprovides a platform
for growing localand minority business owners.
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FRANKLINS BIKE AND COFFEEA store and combination coffee shopand
bicycle garage where residents andvisitors can relax with neighbors
andfriends, store and tune up their bikes, orget some work done
outside of the office.
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BOCCE BALL ON THE DECKDesigned to create a fun, social
environmentwhere visitors and residents can kick back,play a
classic lawn game, and enjoy a few
drinks while soaking in the view atop thehistoric warehouse. The
Deck perfectlycomplements Rivertowns emergingoutdoor offerings and
is a premier venue forneighborhood recreation.
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RIGHT
OFWA
Y
ORLEANS LANDING
DEVELOPMENT
DETRO
ITRIVE
R
DOWNTOWN
AVANT RIVIRE vibrant. healthy. connected.HONORING THE PAST
historical attributes
LEVERAGING THE PRESENT neighborhood context
SHAPING THE FUTURE strategies and implementation
INNOVATIVE ENTERPRISE
EMPLOYMENT DISTRICTSDowntownMidtownDequindre / Eastern
Market
Foster entrepreneurialism and the new Detroit economythrough
novel dining and modern, open floor-plan office space.
Rivertown was the heart of 19thcentury Detroits light
industrialand warehouse district forshipbuilders, metal foundries
andpharmaceuticals.
MEDIAN HOUSEHO
DEVELOPMENT SUMMARY
RESIDENTIAL UNIT BREAKDOWN
GREEN SPACES / ACTIVE LIFESTYLEDequindre Cut GreenwayDetroit
RiverwalkMilliken, Chene, Lafayette, Belle IsleWheelhouse Detroit
Bike RentalsOutdoor Adventure Center
DINING DESTINATIONSSteves Soul FoodEastern Market
DistrictAndrews On the CornerAtwater BreweryThe Rattlesnake
Club
TRANSPORTATIONPeople MoverFuture M1 Rail StreetcarChrysler
Freeway
*only primary amenities listed
SOURCES OF FUNDS
3%
SITE PLAN / MASSING DIAGRAM
SITE CHALLENGSurrounding bligLow foot trafficLack of retail
LOCAL ENVIRONMENTSIntegrate compelling leisure product and
design elements with Rivertownsunique features such as the Detroit
skyline, Riverwalk, and Dequindre Cut.
HEALTHY COMMUNITYSupport car-free transportation, chance
interactions,and physical well-being.
THE RESIDENCE View from the South West
$51,939$48,471
US MI
i n
During the 1970s and 80s,Rivertown was also the destinationfor
clubs, restaurants, taverns andpubs.
A failed proposal to acquire landfor casino development led
todisinvestment and abandonment inthe neighborhood.
unocc
structures in fapoor condi
empty
unmet demand downmultifamily ho
20%
55%
Built in 1907, the ware1450 Franklin Street wan auto-repair
facility.it is among the largestrepair facilities in the a
THE RIOPELLE DINING HALL View from North East
HILL STREET VENTURES DEVEL
Katrina ChavesJustin KubassekKevin SwansonBrett Von Bergen
Master of Urban Master of BusinesMaster of ArchiteMaster of
Busines
StudioOne Bedroom
Affordable One Bedroom
Two Bedroom
Framing strategic views
Maximizing sun exposure
Exciting pedestrian experience
Market-rate Residential
Affordable Housing
Office
The Riopelle Dining Hall
The Deck
Other
EXIST
ING
STRUCTUR
E
NEWSTRUCTURE
CONTEXT MAP local environments and proximities
AVANTRIVIRE
20
19
24
Debt
Equity
Tax Credits and Incentives
16
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
AvantRivire Downtown
andMidtown
Rivertown New
$23.0
$20.5 $20.0
$16.9
u ni i r
l l
APARTMENT RENTAL RATE COM
OFFICE RENTAL RATE COMPAR
FINANCIAL SUMMARY
Total SF Developed 176,919IRR 22.8%Projected Site Value
15,373,060Project NPV 7,194,627
INCENTIVES USEDMichigan Community Revitalization ProgramHistoric
Rehabilitation Tax CreditLow-Income Housing CreditNew Market Tax
Credit
DOWNTOWN VAC
C or kt ow n D ow nt ow n
Midtown
EasternMarket
Airport
Grosse Pointe
RIVERTOWN COND
48,917 SF
14,640 SF
55,163 SF
20,320 SF
19,320 SF
8,510 SF
TOTAL SF =166,870
CBD Sub AvantRiviere
CBD
Class BClass A
REGIONAL CONNECTIONS
