chords plan program experience

1
MUSIC CITY PLAZA THE DUMP AT RIGHT FIELD DELL STROKE GARDENS TAKING A STROLL ON A BRISK FALL EVENING SUMMER DAY AT THE BALLPARK MUSIC FESTIVAL KICKING OFF THE FIRST DAY OF SPRING Fitness BRT Local Bus Greenway Music City Plaza Riverfront Condominiums Future East Side Devlopment Farmers Market Sounds Ballpark Riverfront Plaza Circulator Living Connector Cultural ESTABLISH a sense of place at the Dell via a broad mix of new amenities. • Waterfront parks • Great streets • Public plazas CREATE a resilient community that promotes a diverse economy. • Pursue social justice • Support healthy living ENERGIZE the Dell by providing a wide array of diverse activities and development. • 24-hour activation of streets • Unique seasonal activities TRANSFORM the Music City bikeway into a high performance green street • Shared Bike and pedestrian corridor • Quaint residential street • Storm water management and flood mitigation PROMOTE environmental stewardship. • Green building design • Improved infrastructure performance • Reduced auto dependence • Landscape integration DEVELOPMENT BREAKDOWN INTEGRATED CHORDS ACCOMMODATING EVENTS 800 New Trees Planted 89 % Parking Efficiency TRANSPORTATION DESTINATION EXISTING ENVIRONMENT 53% 27% 20% 56% 9% 13% 22% 26% 17% 5% 30% 7% 8% 7% 27% 64% 10% 303 46 82 42 Townhomes Live/Work Lofts Condominiums Apartments 301 36 7 Townhomes Condominiums Apartments 206 73 31 17 Townhomes Live/Work Lofts Condominiums Apartments 408 61 165 20 Townhomes Live/Work Lofts Condominiums Apartments CHORDS PLAN PROGRAM EXPERIENCE A HOME FOR THE COUNTRY MUSIC MARATHON RIVERFRONT PLAZA Highlights Tennessee State Museum New Market Building Library and Archives Elementary School The Dell Stroke Gardens Highlights Big Box Retail Ballpark Condos “The Dump” Restaurant The Dell Stroke Highlights 5th Avenue Apartments Bio-Tech Medical Office I Organic Grocery Store Highlights IronWorks Fitness Center The Presidential Hotel The Dell Theater Waterfront Barge Eco-Walk The Music City Plaza Bio-Tech Medical Office II Total Buildout Residential Retail Structured Parking Total Buildout Residential Retail Office Structured Parking Total Buildout Residential Retail Office IronWorks Fitness The Dell Theater Presidential Hotel Structured Parking Total Buildout Residential Office New Market Building Structured Parking 642,100 SF 340,600 171,500 130,000 1,079,500 SF 606,600 94,500 144,000 235,000 1,148,600 SF 305,600 58,000 199,000 75,000 75,000 90,000 346,000 690,600 SF 461,600 70,000 14,000 145,000 $ 40 M Property Tax Income Earned From 2016-2025 Long-Term Jobs Created 2,400+ 320,000 SF of Green Roofs WEEKEND MARKET DAILY GAMEDAY MUSIC FESTIVAL Get on base by creating a place around the existing ball park Advance the runner with a mix of uses that promotes economic development. Energize The Dell Stroke with a theater and fitness center. Complete the new neighborhood and enhance existing waterfront amenities. THE DELL THEATER IRONWORKS FITNESS SOUNDS BALLPARK TENN STATE MUSEUM SCHOOL LIBRARY HOTEL JACKSON APARTMENTS BIG BOX BICENTENNIAL MALL ECO-WALK FARMERS MARKET MEDICAL TECH OFFICE FIFTH AVE APARTMENTS T H E D E L L S T R O K E REGIONALRETAIL BOUTIQUE RETAIL THE DUMP NATIONALRETAIL LIVING CHOICES 141856 141856 141856 141856 TOTAL DEVELOPMENT COSTS Office 12% Retail 9% Structured Parking 24% Other 7% Upscale Rental Market Rate Rental 26% Affordable Rental Market For Sale 2% Affordable For Sale 4% 20% 19% Affordable Housing Units DEVELO TA OST OST CO CO NT NT PM PM P M M E E E M M M M ME T T TO OT T TO OT TO T T TO O M PM PM PM E M M M E 42 42 42 42 4 4 4 42 2 2 2 2 2 2 42 4 4 4 41 7 6 39 19 26 13 24 4 35 39 2 10 16 41 9 Financial Summary Current Site Value: $42,532,625 Projected Site Value: $858,031,060 Unleveraged IRR: 15.81% Leveraged IRR: 23.4% Development Breakdown Total Buildout: 3,520,600 SF Residential SF: 1,713,000 Residential Units: 1,797 Office SF: 413,000 Retail SF: 324,000 PILATES ON THE PLAZA WINTER BICENTENNIAL MALL THE DELL THEATER SOUNDS BALLPARK RIVERFRONT PLAZA HOT CHOCOLATE WALK MUSIC FESTIVAL NASHVILLE BIKE TOUR FRESH FOOD FAIR CONCERTS BATTLE OF THE BANDS TURKEY TROT NASHVILLE MARATHON TRIATHLON CHILI COOK-OFF FILM FESTIVAL CAR SHOW COMEDY WEEK ARTS AND CRAFTS SHOW SOUNDS BASEBALL SEASON SCIENCE DECATHLON SPRING SUMMER FALL PATHWAY 8’ BIO-SWALE 19’ CISTERN STRUCTURAL SOIL OVERFLOW PIPE PERMEABLE PAVERS PATHWAY 15’ TOWNHOMES Henry and Michelle enjoy a live music festival on Music City Plaza James plays guitar near the Dump, hoping to become a star Studio Apartment Size: 650sf Rent: $1,430 JAMES Richard and Maria enjoy a meal at the Dump Henry and Michelle walk their dog along the Dell Stroke HENRY AND MICHELLE Loft 1 bedroom Size: 900sf Rent: $2,100 Richard and Maria ride their bike along the Dell Stroke daily RICHARD AND MARIA Condo 2 bedroom Size: 1,100sf Value: $429,000 Owen and the family live in a townhouse on the Dell Stroke Townhome Size: 1,800sf Value: $440,000 OWEN AND THE FAMILY Owen takes the family to the Sounds baseball game NEWLYWEDS NEWLYWEDS NEWLYWEDS EMPTY NESTERS EMPTY NESTERS EMPTY NESTERS MILLENNIAL MILLENNIAL FAMILY FAMILY FAMILY EXISTING PROPOSED Nashville Farmers Market Nashville Sounds Ballpark Stockyard Restaurant Forge Pizzeria Riverfront Condominium “The Dump” Music City Plaza Iron Works Fitness center Riverfront Plaza Tennessee State Museum The Dell Theater and Music Academy Presidential Hotel Barge Eco Walk Cumberland Park Target Parking Garage Bike Share Station Live Music Venue 1 1 4 4 4 4 2 3 3 3 3 5 2 2 2 B B B B B B B B B B B B 5 8 8 8 8 8 8 8 9 9 9 9 9 9 7 10 6 6 B C 3 4 4 4 P P P P P 1 1 5 9 10 2 2 6 3 3 7 4 5 4 8 P LAYERS OF HEALTHY LIVING STRATEGIES THE DELL PHASE I Residential Residential Residential Residential Parking Parking Parking Parking Fitness Theater Hotel Retail Retail Retail Office Office Office PHASE II PHASE III PHASE IV LEADOFF CONTACT HITTER LOADING THE BASES THE GRAND SLAM The stormwater management strategy consists of bioretention, green roofs, sand filters, and cisterns and treating any overflow from the existing combined stormwater and sewer pipe. 84 % Phosphorus Treated 90 % Nitrogen Treated 94 % Suspended Soils Treated 62 % Stormwater Captured and Treated THE DELL: A LEED NEIGHBORHOOD DEVELOPMENT GOLD COMMUNITY SMART LOCATION & LINKAGE GREEN INFRASTRUCTURE & BUILDINGS NEIGHBORHOOD PATTERN & DESIGN INNOVATION REGIONAL PRIORITY 24 pts. 28 pts. 17 pts. 5 pts. 4 pts. 78 pts. MAJORITY OF RESIDENTS ARE WITHIN A 1/4 MILE WALKING DISTANCE OF A BRT STATION SIMPSON DIVERSITY INDEX GREATER THAN 0.7 LANDSCAPE IRRIGATION REDUCTION THROUGH STORMWATER COLLECTION VERTICAL SAND FILTER: RIVERFRONT PLAZA COMBINED SEWER PIPE WETLANDS SAND FILTER The vertical sand filter cleanses and treats any overflow from the existing combined stormwater and sewer system pipe. RIGHT FIELD PLAZA 65’ MUSIC CITY PLAZA 165’ STORMWATER CISTERN STORMWATER CISTERN PERFORATED PIPE STRUCTURAL SOIL PERMEABLE PAVERS STRUCTURAL SOIL INLET SAND FILTER CISTERN Jefferson Street Jackson Street Iron Works Fitness Center “The Dump” The Dell Theater & Music Academy The Dell Stroke 1st Avenue 2nd Avenue 3rd Avenue 4th Avenue 5th Avenue 6th Avenue 7th Avenue Stockyard Blvd Rosa Parks Blvd Harrison Street Cumberland River Barge Eco Walk STORMWATER MANAGEMENT Richard and Maria shop for a new instrument for their granddaughter EMPTY NESTERS The Farmers Market expands to accommodate hundreds of local farmers bringing healthy food for residents and visitors to enjoy. Before and after a Sounds Baseball game, fans activate the night life by visiting the surrounding shops and restaurants. The Dell Stroke is the “Bridge” between the strings. Residents travel between the Bicentennial Mall and the Cumberland River. Celebrate the joy of music. Neighbors gather in the music city plaza, a node along The Dell Stroke. 100 300 0 A A-A B-B C-C R E OW E EM

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Page 1: CHORDS PLAN PROGRAM EXPERIENCE

MUSIC CITY PLAZA THE DUMP AT RIGHT FIELD DELL STROKE GARDENSTAKING A STROLL ON A BRISK FALL EVENINGSUMMER DAY AT THE BALLPARKMUSIC FESTIVAL KICKING OFF THE FIRST DAY OF SPRING

Fitness

BRT

Local Bus

Greenway

Music City Plaza

Riverfront Condominiums

Future East Side

Devlopment

Farmers Market

Sounds Ballpark

Riverfront Plaza

Circulator

Living

Connector

Cultural

ESTABLISH a sense of place at the Dell via a broad mix of new amenities.

• Waterfront parks • Great streets • Public plazas

CREATE a resilient community that promotes a diverse economy.

• Pursue social justice • Support healthy living

ENERGIZE the Dell by providing a wide array of diverse activities and development. • 24-hour activation of streets • Unique seasonal activities

TRANSFORM the Music City bikeway into a high performance green street • Shared Bike and pedestrian corridor • Quaint residential street • Storm water management and fl ood mitigation

PROMOTE environmental stewardship. • Green building design • Improved infrastructure performance • Reduced auto dependence • Landscape integration

DEVELOPMENT BREAKDOWN

INTEGRATED CHORDS

ACCOMMODATING EVENTS

800 New TreesPlanted 89% Parking

Efficiency

TRANSPORTATION

DESTINATION

EXISTING

ENVIRONMENT

53%

27%

20%

56%

9%

13%

22%26%

17%

5%

30%

7%

8%

7%

27%64%

10%

303

46

82

42 Townhomes

Live/Work Lofts

Condominiums

Apartments301

36

7 Townhomes

Condominiums

Apartments206

73

31

17 Townhomes

Live/Work Lofts

Condominiums

Apartments408

61

165

20 Townhomes

Live/Work Lofts

Condominiums

Apartments

CHORDS PLAN PROGRAM EXPERIENCE

A HOME FOR THE COUNTRY MUSIC MARATHONRIVERFRONT PLAZA

Highlights Tennessee State MuseumNew Market BuildingLibrary and ArchivesElementary SchoolThe Dell Stroke Gardens

Highlights Big Box RetailBallpark Condos“The Dump” RestaurantThe Dell Stroke

Highlights 5th Avenue ApartmentsBio-Tech Medical Offi ce IOrganic Grocery Store

Highlights IronWorks Fitness CenterThe Presidential HotelThe Dell TheaterWaterfront Barge Eco-WalkThe Music City PlazaBio-Tech Medical Offi ce II

Total Buildout ResidentialRetailStructured Parking

Total Buildout ResidentialRetailOffi ceStructured Parking

Total BuildoutResidentialRetailOffi ceIronWorks FitnessThe Dell Theater Presidential HotelStructured Parking

Total BuildoutResidentialOffi ceNew Market BuildingStructured Parking

642,100 SF340,600171,500130,000

1,079,500 SF606,60094,500144,000235,000

1,148,600 SF305,60058,000199,00075,00075,00090,000346,000

690,600 SF461,60070,00014,000145,000

$ 40 MProperty Tax Income

Earned From 2016-2025Long-Term

Jobs Created

2,400+320,000SF of Green Roofs

WEEKEND MARKETDAILY

GAMEDAYMUSIC FESTIVAL

Get on base by creating a place around the existing ball park

Advance the runner with a mix of uses that promotes economic development.

Energize The Dell Stroke with a theater and fi tness center.

Complete the new neighborhood and enhance existing waterfront amenities.

THE DELL THEATER

IRONWORKS

FITNESSSOUNDS BALLPARK

TENNSTATEMUSEUM

SCHOOLLIBRARY

HOTELJACKSON APARTMENTS

BIGBOX

BICENT

ENNIAL

MALL

ECO

-WA

LK

FARMER

S MARKET

MEDIC

AL TE

CH O

FFICE

FIFTH

AVE

APA

RTM

ENTS

THE DELL STROKEREGIONAL RETAIL

BOUTIQUERETAIL

THEDUMPNA

TIONA

L RETAI

L

LIVINGCHOICES

141856 141856 141856 141856

TOTAL DEVELOPMENT COSTSOffice12%

Retail9%

StructuredParking

24%

Other7%

Upscale Rental

Market RateRental26%

AffordableRental

MarketFor Sale2%

AffordableFor Sale

4%

20%

19%

Affordable Housing Units

DEVELOTA OSTOSTCOCONTNTPMPMPMMEEEMMMMMETTTOOTTTOOTTOTTTOO MPMPMPMEMMME

424242424444222222242444

41

7

6

39

19

26

13

24

4

35

39

2 10 16

41

9

Financial SummaryCurrent Site Value:$42,532,625Projected Site Value:$858,031,060

Unleveraged IRR: 15.81%Leveraged IRR: 23.4%

Development BreakdownTotal Buildout: 3,520,600 SFResidential SF: 1,713,000Residential Units: 1,797Office SF: 413,000Retail SF: 324,000

PILATES ON THE PLAZA

WINTER

BICENTENNIAL MALL

THE DELL THEATER

SOUNDS BALLPARK

RIVERFRONT PLAZA

HOT CHOCOLATE WALK MUSIC FESTIVAL NASHVILLE BIKE TOUR FRESH FOOD FAIR

CONCERTS

BATTLE OF THE BANDS

TURKEY TROT NASHVILLE MARATHONTRIATHLON

CHILI COOK-OFF

FILM FESTIVAL

CAR SHOW

COMEDY WEEK

ARTS AND CRAFTS SHOW

SOUNDS BASEBALL SEASON SCIENCE DECATHLON

SPRING SUMMER FALL

PATHWAY 8’ BIO-SWALE 19’

CISTERNSTRUCTURAL SOIL

OVERFLOW PIPE

PERMEABLE PAVERS

PATHWAY 15’

TOWNHOMES

Henry and Michelle enjoy a live music festival on Music City Plaza

James plays guitar near the Dump, hoping to become a star

Studio ApartmentSize: 650sfRent: $1,430

JAMESRichard and Maria enjoy a meal at the Dump

Henry and Michelle walk their dog along the Dell Stroke

HENRY AND MICHELLE

Loft1 bedroomSize: 900sfRent: $2,100

Richard and Maria ride their bike along the Dell Stroke daily

RICHARD AND MARIA Condo2 bedroomSize: 1,100sfValue: $429,000

Owen and the family live in a townhouse on the Dell Stroke

TownhomeSize: 1,800sfValue: $440,000

OWEN AND THE FAMILYOwen takes the family to the Sounds baseball game

NEWLYWEDS NEWLYWEDSNEWLYWEDS EMPTY NESTERS EMPTY NESTERSEMPTY NESTERSMILLENNIAL MILLENNIALFAMILY FAMILYFAMILY

EXISTING

PROPOSED

Nashville Farmers MarketNashville Sounds BallparkStockyard RestaurantForge PizzeriaRiverfront Condominium

“The Dump”Music City PlazaIron Works Fitness centerRiverfront PlazaTennessee State Museum The Dell Theater and Music AcademyPresidential HotelBarge Eco WalkCumberland ParkTargetParking GarageBike Share StationLive Music Venue

1

1

4444

2

3333

5

222

B

BBBBBBBB

BBB

5

8888888

999999

7

10

66

B

C

3

444

P

PPP

P

1

1

5

9

10

2

2

6

3

3

7

4

5

4

8

P

LAYERS OF HEALTHY LIVING STRATEGIES THE DELL

PHASE I

Residential ResidentialResidential

ResidentialParking Parking

Parking Parking

FitnessTheater

Hotel

RetailRetail

Retail

Offi ce

Offi ce

Offi ce

PHASE II PHASE III PHASE IV

LEADOFF CONTACT HITTER LOADING THE BASES THE GRAND SLAM

The stormwater management strategy consists of bioretention, green roofs, sand fi lters, and cisterns and treating any overfl ow from the existing combined stormwater and sewer pipe.

84 %Phosphorus Treated 90 %

Nitrogen Treated

94 %SuspendedSoils Treated

62 %Stormwater Captured and Treated

THE DELL: A LEED NEIGHBORHOOD DEVELOPMENT GOLD COMMUNITYSMART LOCATION & LINKAGE GREEN INFRASTRUCTURE & BUILDINGSNEIGHBORHOOD PATTERN & DESIGN INNOVATION REGIONAL PRIORITY

24 pts. 28 pts. 17 pts. 5 pts. 4 pts.

78 pts.

MAJORITY OF RESIDENTS ARE WITHIN A 1/4 MILE WALKING DISTANCE OF A BRT STATION

SIMPSON DIVERSITY INDEX GREATER THAN 0.7 LANDSCAPE IRRIGATION REDUCTION THROUGH STORMWATER COLLECTION

VERTICAL SAND FILTER:RIVERFRONTPLAZA

COMBINEDSEWER PIPE

WETLANDS

SAND FILTER

The vertical sand fi lter cleanses and treats any overfl ow from the existing combined stormwater and sewer system pipe.

RIGHT FIELD PLAZA 65’MUSIC CITY PLAZA 165’

STORMWATER CISTERN STORMWATER CISTERNPERFORATED PIPE STRUCTURAL SOIL PERMEABLE PAVERS STRUCTURAL SOIL INLET SAND FILTER CISTERN

Jefferson Street

Jackson Street

Iron Works Fitness Center

“The Dump”

The Dell Theater & Music Academy

The Dell Stroke

1st A

venu

e

2nd

Ave

nue

3rd

Ave

nue

4th

Ave

nue

5th

Ave

nue

6th

Ave

nue

7th

Ave

nue

Stockyard Blvd

Rosa

Par

ks B

lvd

Harrison Street

Cumberland RiverBarge Eco Walk

STORMWATER MANAGEMENT

Richard and Maria shop for a new instrument for their granddaughter

EMPTY NESTERS

The Farmers Market expands to accommodate hundreds of local farmers bringing healthy food for residents and visitors to enjoy.

Before and after a Sounds Baseball game, fans activate the night life by visiting the surrounding shops and restaurants.

The Dell Stroke is the “Bridge” between the strings. Residents travel between the Bicentennial Mall and the Cumberland River.

Celebrate the joy of music. Neighbors gather in the music city plaza, a node along The Dell Stroke.

100 3000

A

A-A B-B C-C

RE

OWEEM