Future Comprehensive Development Plan ProposalRevised 1 October, 2016

WAC -KAPPA HOUSE

WAC – KAPPA HOUSE

• Brothers!

• Please hold all of your questions until the end of this presentation.

• Many of your questions might be answered during the presentation.

• Your patience is appreciated!

• Thank you!

PART II

• WAC – Kappa House

• Proposed Concept Development Plan

• Development Concept(s)

• Development Funding Concept(s)

• Design Concepts

A Proposed 20 Year Development Plan

WAC – KAPPA HOUSE

INTRODUCTION:

• Proposed 2016 Comprehensive 20 Year Development Plan

The following committee members are proposing a comprehensive design, development, and financial development plan for the future disposition and use of the WAC Kappa House:

Terry H. Brooks, AIA , Architect, Urban Designer, and real estate development consultant (Committee Chair);

Edward H. Moseley, Former WAC Polemarch (WAC/HKHRF Agreement Initiator);

Kenneth Brewer, President/CEO, H Street Community Development Corporation (real estate developer);

Steve Sandsbury, President, OEI Management Services, Inc. (general contractor/ portico contractor);

Tony Lee, AIA, Architect in private practice; (portico design/construction participant);

Cametrick Nesmith, AIA, Architect in private practice (existing conditions drawings);

Anthony Bolling, Esq. Attorney, commercial real estate broker;

Chris Lemmie, residential real estate business manager;

AW Jones, Former WAC Kappa House Manager; and

JV Lee, AIA Architects, (concept design drawings and 3D illustrations consultants)

KAPPA HOUSE –PROPOSED DEVELOPMENT PLAN• Objectives:

• To create a future, 20 year, development plan and budget to renovate the entire house;

• To identify a logical budget plan(s) to pay for all the proposed renovations and historic preservation improvements; and

• To propose a Kappa House budget and management structure to: manage, maintain, renovate and sustain the entire house by utilizing its marketability by proposing revenue generating spaces to fully sustain the ongoing needs of the Kappa House.

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• 1. What building improvements are necessary to make the building functional?

• An elevator(s) –for full ADA access from the basement to the roof;

• A fire stair – for full emergency egress from the basement to the roof;

• 1-2 bathrooms on each floor -basement up to the 4th floor;

• The renovation of the 3rd & 4th floors -fully functional use(s);

• Upgraded building services -electrical, fire prevention (sprinkler system), smoke & CO2 detection, motion censored lights, water sealing, brick pointing, and painting.

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• 2. What use(s) must the building support?

• All WAC Kappa Alpha Psi Fraternity, Inc. functions (including WAC historic archival, and affiliated graduate & undergraduate chapter historic archival materials);

• Social / recreational space for both fraternal and public program sponsored activities of the WAC: (i.e. Guide Right Programs, Silhouettes activities, etc.);

• Revenue producing activities: (i.e. Black Party, Seersucker Party, Silhouettes Wine Party, possible donor reserved spaces or commercially leased spaces etc.)

WAC – KAPPA HOUSE – DEVELOPMENT COST $$$• 1. How much will the future development plan cost?

• -Preliminary estimated cost - $ 2,000,000.00* (See detailed cost estimate)

2. Can the development plan be phased over time?

• -Yes, depending upon the development option selected

• 3. What are the most logical phases of development?; and why?

• -Code/safety first: elevators; fire exit stairs; & sprinkler System.

• 4. Who will manage the future development of the Kappa House?

• -Development Project Manager

• 5. Who will manage the Kappa House after it is fully developed?

• WAC Kappa House Manager; managing a professional property management company

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• Detailed Preliminary Cost Estimate: $ 2,000,000.00* (contingency /contingency ContingencyHISTORIC KAPPA HOUSE ESTIMATED RENOVATION COSTS PAYMENT TERMS DUE DATE

Major Renovation Items Major Preliminary Areas for Renovation Identified NA NA

QUANTITY DESCRIPTION UNIT PRICE LINE TOTAL

1Elevator & Mechanical Equipment (without demolition & New Elevator Shaft Framing) 1st Fl. -

Roof$ 60,000.00 $ 60,000.00

1Elevator & Mechanical Equipment ( without demolition & Elevator Shaft Framing) 1st Fl. -

Basement$ 20,000.00 $ 20,000.00

1Fire Suppression Sprinkler System (Attic – Basement)

With central control & Fire Department Link$ 100,000.00 $ 100,000.00

2New & Upgraded, Separate HVAC Systems for: 3rd Fl. ; 4th Fl.;

Expanded below grade Pennant Room (@ $ 30K each)$ 60,000.00 $ 60,000.00

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• Detailed Preliminary Cost Estimate (Cont’d):

•1

Renovated 3rd Floor Office & bathroom &/(or Kay Related Space): 1,600 Sq. Ft. @ a D.C.

Historic renovation rate of: $ 200/Sq. Ft. = $ 320,000$ 320,000.00 $ 320,000.00

1Renovated 4th Floor & Attic & Office & bathroom &/ (or KAY Related Space): 1,600 Sq. Ft.

@ a D.C. renovation rate of: $ 200/Sq. Ft = $ 320,000. $ 320,000.00 $ 320,000.00

1 1,600 sq. ft. below grade Pennant Room Extension Area

Recreation space: @ $ 200/Sq. Ft. = $ 320,000$ 320,000.00 $ 320,000.00

1Landscape the front and rear yards with evergreens and 2 small decorative trees (1 front

yard tree and 1 rear yard tree) & red annuals$ 5,000.00 $ 5,000.00

1 6 Story Prefabricated metal exit stair $ 75,000.00 $ 75,000.00

1 Insulated Glass atrium enclosure over the rear patio ( 15’ H X 40’W) $ 150.000.00 $ 150,000.00

1 Roof deck and access stair from 5th floor $ 35,000.00 $ 35,000.00

Total: * 30 % contingency $ 1,465,000*.

WAC – KAPPA HOUSE PROPOSED PERMANENT INCOME USES (OPTION A)

• Proposed 3rd & 4th Floor Uses:

• Commercial office uses on each floor with a reception, office(s); conference room, office storage, copy room and unisex bathroom; and separately metered utilities. (each office suite would have a secured elevator and key entry).

• Office leasee would: 1. pay for all office improvements; 2. pay a monthly rent; and pay for their utilities. The WAC would manage trash collection; daily office cleaning and building maintenance and security. The lease would pro-rate the cost of office renovation improvements over the term of the lease and include monthly lease payments to WAC. The term of the lease would probably be 10-15 years with an option to renew the lease. The office improvements would become the property of the WAC at the end of the initial lease term.

WAC – KAPPA HOUSE PROPOSED PERMANENT INCOME USES (OPTION B)

• Proposed 3rd & 4th Floor Uses:

• KAY –WAC affiliated, (Alumni Sponsored*) chapter office archives/uses (i.e. XI, BK, KC, & TT) on each floor with a reception, office(s); conference/archives room, office storage, copy room and unisex bathroom; and separately metered utilities. (each office suite would have a secured elevator and key entry).

• * WAC affiliated alumni Donor Office leasee organizations would: 1. pay for all office improvements; 2. pay, (in the form of a tax deductible donation) an annual or monthly contractually agreed & executed rent; and pay for their utilities. The WAC would manage trash collection; daily office cleaning and building maintenance and security. The donor lease would pro-rate the cost of office renovation improvements over the term of the lease and include monthly or annual donor lease payments to WAC. The term of the donor lease term would probably be 10-15 years with an option to renew the donor lease. The office improvements would become the property of the WAC at the end of the initial donor lease term. * Note: WAC Affiliated Alumni Donor organizations would have to agree to a contractual agreement to pay a specified amount in order to execute a donor agreement and be entitled to have reserved space on either the 3rd or 4th floor. Special use management and liability insurance would also be a part of the agreement. Only former affiliated alumni chapter members could access and use these offices. All undergraduate members of the Fraternity will require theapproval of an alumni member and execute a WAC Kappa House Use Agreement prior to using any space in the Kappa House, and have a sponsoring WAC member(s) present at all undergraduate events.

WAC – KAPPA HOUSE – EXISTING BASEMENT, 1ST FLOOR, & 2ND FLOOR PLANS

WAC – KAPPA HOUSE – EXISTING, 3RD FLOOR, 4TH FLOOR, & ATTIC

WAC – KAPPA HOUSE –EXISTING ELEVATIONS & SECTIONS

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WAC – KAPPA HOUSE –BUILDING SECTION EAST VIEW

WAC – KAPPA HOUSE –BUILDING SECTION WEST VIEW

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WAC – KAPPA HOUSE – IT’S UP TO YOU!

Next Steps - Technical

• 1. Make a decision on a future development plan;

• 2. Establish a team to develop a detailed development plan with an implementation budget and implementation strategy.

Next Steps – Funding/Promotion Implementation

• 1. Make a decision(s) on how all

• development plan improvements will be funded and create a funding strategy, budget and schedule;

• 2. Establish a special team to create, manage, and fund all future Kappa House development plan requirements.

WAC – KAPPA HOUSENow Watch the New Kappa House In 3D Automation! Click the link below!

https://www.youtube.com/watch?v=D6Hq-DjI_H8