affordable workforce housing lessons on the ground

25
Miller’s Court - Baltimore, MD Development & Finance Team

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Networking Breakfast Thursday, October 14th 7:00 am to 8:00 am

TRANSCRIPT

Page 1: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Development & Finance Team

Page 2: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Miller’s CourtULI Fall Meeting - 2010, Washington, D.C.

Networking Breakfast MeetingOctober 14, 2010

Page 3: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Your Panelists:

Dan McGrainPrincipal, McGrain Realty Advisors, representingThe ULI J. Ronald Terwilliger Center for Workforce Housing

Thibault ManekinPrincipal, Seawall Development

Joe WesolowskiSenior Vice President, Enterprise Community Investment, Inc.

Page 4: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

History: 1890 - 2008

Page 5: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Pre-Renovation - 2008

Page 6: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Page 7: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Page 8: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Innovative Approaches

Mixed-use Development

Constituent-based Design (TFA focus groups)

Mechanical System Efficiencies

Opportunities to Establish Community

Shared Amenity Spaces (conference/meeting rooms)

Inner Court as “Urban Oasis”

Community Engagement through Art & Training

Page 9: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

LEED – NC Gold Certified:Mechanical Innovation Plus More

Page 10: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Affordability & Rents

Housing Affordability at 75% - 110% AMI (all units) Nominal Rents at $700 - $1,600 for 1Br-3Br Apartments Office/Retail Rents at $18 PSF

Page 11: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Sources ofFunds

Page 12: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Uses ofFunds

Page 13: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Construction Begins - 2008

Page 14: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Page 15: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Page 16: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Before & After - Exterior

Page 17: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Before & After - Courtyard

Page 18: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Page 19: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Art & Recycling

Page 20: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Offices

Page 21: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Residences

Page 22: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Page 23: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Page 24: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

Development & Finance Team

Page 25: Affordable Workforce Housing Lessons on the Ground

Miller’s Court - Baltimore, MD

ULI Terwilliger

Center for Workforce Housing

National Advisory Board

cordially invites you to attend the

recognizing the recipients of the

ULI Jack Kemp Workforce Housing

Models of Excellence Awards

Thursday, November 18, 2010

Reception 6:00 p.m. Dinner 7:00 p.m. Renaissance Hotel

999 Ninth Street, NW, Washington D.C.

Kindly respond by October 18, 2010

Business attire

For more information, visit www.ULIKempAwards.org.

How to Register:

Web: www.ULIKempAwards.org

Phone: 1-800-321-5011 or 1-410-626-7500