PowerPoint Presentation

MADISON LOT REDEVELOPMENTPresented to The Lansdale Parking AuthorityOctober 14, 2015PROJECT SITE PLANProject Description

160 apartments15-20KSF of retailRecreation TrailPlaza with Garage ConnectionWidened Madison St.Railroad Plaza ImprovementsBicycle Police Kiosk100 public parking spaces10equuscapitalpartners.comPROJECT RENDERING10equuscapitalpartners.comPROJECT RENDERING10equuscapitalpartners.comPROJECT RENDERING10equuscapitalpartners.comMADISON AT NEW BRITAIN10equuscapitalpartners.comMADISON AT NEW BRITAIN10equuscapitalpartners.comMADISON AT NEW BRITAIN10equuscapitalpartners.comMADISON AT PROVIDENCE10equuscapitalpartners.comMADISON AT PROVIDENCE10equuscapitalpartners.comMADISON AT PROVIDENCE10equuscapitalpartners.comMADISON AT PROVIDENCE10equuscapitalpartners.comMADISON AT PROVIDENCE10equuscapitalpartners.comWHAT CAUSED THE PLAN TO CHANGE?10equuscapitalpartners.comAGGRESSIVE POSITION OF NORTH PENN SCHOOL DISTRICT

* SPOT ASSESSMENT OF APARTMENT COMMUNITIES IN THE DISTRICT* IMPACT TO:STATION SQUARE BRIDGEVIEW APARTMENTS MADISON AT WILLOWYCK MADISON AT MONTGOMERY& OTHER LOCAL APARTMENT COMMUNITIESTIMING OF REASSESSMENT

OUR EXPERIENCE WITH MADISON AT MONTGOMERYMADISON AT MONTGOMERY (OLD PENNFIELD APARTMENTS) - BEFORE10equuscapitalpartners.comMADISON AT MONTGOMERY (OLD PENNFIELD APARTMENTS) - BEFORE10equuscapitalpartners.comMADISON AT MONTGOMERY (OLD PENNFIELD APARTMENTS) - BEFORE10equuscapitalpartners.comMADISON AT MONTGOMERY (OLD PENNFIELD APARTMENTS) - AFTER10equuscapitalpartners.comMADISON AT MONTGOMERY (OLD PENNFIELD APARTMENTS) - AFTER10equuscapitalpartners.comMADISON AT MONTGOMERY (OLD PENNFIELD APARTMENTS) - AFTER10equuscapitalpartners.comMADISON AT MONTGOMERY (OLD PENNFIELD APARTMENTS)10equuscapitalpartners.comBEFORE

DRUGS

12% OF UNITS HAD REPORTED CRIMINAL ACTIVITY

OVERCROWDING

DISREPAIR

LOW HOUSEHOLD INCOMEAFTER

SAFE

ATTRACTIVE

HIGHER HOUSEHOLD INCOME

CATALYST FOR NEW DEVELOPMENTTHE IMPACT ON THE MADISON LOT REDEVELOPMENT10equuscapitalpartners.comSIGNIFICANTLY HIGHER TAXES IMPACT PROFITABILITY OF THE PROJECT

CANNOT AFFORD TO CONSTRUCT VERTICLE/URBAN PRODUCT

LOWER COST OF GARDEN-STYLE CONSTRUCTION

LESS VERTICLE AND MORE HORIZONTAL - SPREAD THE BUILDINGS THROUGHOUT THE SITE

ADDRESSES PUBLIC FEEDBACK THAT THE PROJECT WAS OVERWHELMING/TOO TALL/DIDNT FIT INTO THE COMMUNITY.THE BENEFITS OF PROCEEDING WITH THE PROJECT10equuscapitalpartners.comACTIVATES THE EXISTING PARKING LOT

160 HIGH END APARTMENTS

POPULATION GROWTH AT LANSDALES CORE

15,000 20,000 SF OF NEW RETAIL TO LANSDALE

INCREASE IN PUBLIC PARKING VS. EXISTING

LONG-TERM PARKING SOLUTION VIA SEPTA GARAGE

PEDESTRIAN OVERPASS

EXTRA BENEFITSTRAIL, PIAZZA, RAILROAD PLAZA, KIOSK, SKATE PARK DEVELOPMENT