legacy village - landmark commercial real estate...

LANDMARK COMMERCIAL REAL ESTATE SERVICES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.

LEGACY VILLAGE Type: Lease

SWC VAN DYKE RD & 25 MILE RD SHELBY TWP, MI MACOMB COUNTY

PROPERTY TYPE: Shopping Center

SALE PRICE: Pad Sites (A&B): $700,000/acre

RENT: Retail Space: $25.00/SF NNN Land Lease Pads (A&B): $60,000/acre

BUILDING SIZE: 41,000 SF anchor box 29,500 SF retail center 2,300 SF drive-thru

BUILDING DIMENSIONS:

80’ depths & 65’ depths

LOT SIZE: 14 acres

ZONING: Retail-Commercial

GLA: 73,200 SF

CONTACT: Louis Ciotti Viktor Gjonaj (248) 488-2620

DESCRIPTION: Landmark is the exclusive marketing agent for the attached new development at the southwest corner of Van Dyke Rd and 25 Mile Rd. The site has outlot opportunities with drive-thru, a large big box space, and small storefront retail. Take advantage of this growing marketplace. TRAFFIC COUNTS: 25 Mile Rd west of Van Dyke Rd = 13,560 (10) Van Dyke Rd south of 25 Mile Rd = 14,790 (10)

Radius: 1 Mile 3 Mile 5 Mile

Pop. Density: 5,337 50,890 125,417

Avg. HH Income: $88,526 $90,480 $89,127

LANDMARK COMMERCIAL REAL ESTATE SERVICES, INC. 27995 HALSTED RD SUITE 150 FARMINGTON HILLS, MI 48331 (248) 488-2620 WWW.LANDMARKCRES.COM

As Noted

JTE

August 25, 2014

L-4

PARTNERS INCJ EPPINK

Shelby Twp., Michigan

LEGACYVILLAGE(PHASE 2)

6850 Nineteen Mile RoadSterling Heights, Michigan 48314586-739-5210 - t586-739-8290 - f

PHASE 2COMMERCIALLANDSCAPEPLAN

Longhorn Estates, LLC

WM

25 Mile Road & Van Dyke Ave

JAMES T.EPPINK

LANDSCAPEARCHITECT

No. 1309

Phase 2 Site PlanStaff Review

10/20/14

PHASE 2 COMMERCIAL AREA PLANT LIST:

Scale: 1"=60'COMMERCIAL CENTER:

131

12854

CommercialAnchor

(41,500 SF)

Existing Bank

V A N D Y K E A V E N U E

191

16,100 sf Village RetailRetail A

13,400 sf Village RetailRetail B

Outlot B 2,300 sf

Retail Village

Plaza

Mai

n E

ntra

nce

Roa

d

2 5

M

I

L

E

R

O

A

D

VIL

LAG

E B

OU

LEV

AR

D

25 Mile RoadFrontage Landscape

Norway SpruceBlue SpruceWhite SpruceClump Red MapleCrimson King Maple

(4)(4)(4)(2)(2)

Berm to 3' drown atcenter

Norway SpruceWhite SpruceClump Red MapleCrimson King Maple

(3)(2)(2)(1)

25 Mile RoadFrontage Landscape

Lawn Area, typ.

Berm to 3' crown atcenter

Little Leaf Linden (2)

Little LeafLinden (4)




Red Maple(8)



Dumpster,typ.

LOADING AREA

BradfordPear (5)

Ginkgo (13) Swamp WhiteOak (10)

SkylineLocust (13)

Buffer Landscape

Norway SpruceBlue SpruceWhite SpruceClump Red MapleBradford Pear

(8)(8)(8)(3)(2)

Swamp WhiteOak (5)

Gingko (4)

Swamp WhiteOak (5)

See SheetL-1: StreetTree PlantingPlan

Parking bays, curb lineand walks south ofCommercial Anchormay be modified inorder to accommodatefuture developmentphases per preliminaryPUD approvaldocuments, typ

FUTURE DEVELOPMENTPHASE

Pyrus calleryana 'Bradford'Bradford Pear, 2 1/2" cal.

Acer rubrumRed Maple, 2 1/2" cal.

Acer platanoides 'Crimson King'Crimson King Maple, 2 1/2" cal.

Gleditsia tricanthosSkyline Honey Locust, 2 1/2" cal.

DESCRIPTION

7

11

13

4

12

QTY.

B&B

B&B

B&B

B&B

B&B

B&B

COMMENTS

B&B

B&B

27

B&B, Multi-stem

17

B&B

Tilia cordataLittleleaf Linden, 2 1/2" cal.

Ginkgo bilobaGinkgo, 2 1/2" cal.

Picea PungensBlue Spruce, 8'

Acer rubrumClump Red Maple, 2 1/2" cal.

3

Quercus bicolorSwamp White Oak, 2 1/2" cal.

19 B&B

15 Picea abiesNorway Spruce, 8'

44 Picea glaucaWhite Spruce, 10'-12'

PROJECT NOTES:1. All areas of Phase 2 will be landscaped to include street trees, shade trees, ornamental trees,evergreen trees, sod and or seed lawn and ground cover.

2. All landscape plantings shall meet township ordinances and will provide a clear vision trianglewhere required.

3. Building footprints and elevations are approximate. Final Commercial Architecture footprintsand elevations are dependent upon identification of final tenant. Final Building Plans will besubmitted for permits and administrative approval at time of final tenant identification.

4. Final LED photometric plans will be submitted for permits and administrative approval at timeof final tenant identification.

All Commercial building will have shared parking agreements.

Commercial Anchor:Retail Building A:Retail Building B:

Retail / Restaurant C:

41,500 SF16,100 SF13,400 SF2,300 SF

Drive Thru w/ 6stacking spaces

Total Parking: 504 spaces

COMMERCIAL DATA:

Dumpster,typ.

Street Lights, typ.

Street Lights, typ.

Phase 2 Final SitePlan Submission

11/18/14

Phase 2 FinalApproval Conditions

1/15/15

NOT FOR CONSTRUCTION

PAD SITESA & B

Not to Scale

JTE

August 25, 2014

EC1

PARTNERS INCJ EPPINK

Shelby Twp., Michigan

LEGACYVILLAGE(PHASE 2)

6850 Nineteen Mile RoadSterling Heights, Michigan 48314586-739-5210 - t586-739-8290 - f

ApprovedPreliminary PUD/Site Plan &ExistingConditions Plan

Longhorn Estates, LLC

JTE

NORTH

L E G A C Y V I L L A G E

2 5

M

I L

E

R O

A D



Existing Conditions

The Legacy Village PUD and Site Plan wasoriginally approved in 2007. The site plan shownhere was updated and received Preliminary SitePlan approval from the Township PlanningCommission and Board in May 2014.

Phase 2 will include:

39.56 acres which will have access from VanDyke Avenue and 25 Mile Road, as well as 2points from Phase 1 of the project (single familyhome portion)

(1) Clubhouse & Community Building

(5) 4-plex buildings :

(1) 8-plex building :

(16) 10-plex buildings :

Total Phase 2 Units :

20 units

8 units

160 units

188 units

The existing undeveloped site is comprised primarily of scrub growth and open field. No trees exist within the Phase 2 area. In lieu of a tree survey, this aerial photograph has been submitted.

JAMES T.EPPINK

LANDSCAPEARCHITECT

No. 1309

PHASE 2

PHASE 1

PHASE 2

PHASE 5

PHASE 4

Phase 1 street has recently been installed at single family residential phase of site

Phase 2 Site PlanStaff Review

10/20/14

Future DevelopmentZone

Land bank 5 acres

131

12854

J EPPINKPARTNERS INC

2014 Site PlanAmendment

JTE

1" = 120'

SPA-1

April 28, 2014

Not for Construction

Longhorn Estates, LLC6850 Nineteen Mile RoadSterling Heights, Michigan 48314586-739-5210 - t586-739-8290 - f


LEGACYVILLAGEShelby Twp, Michigan

PC Submission 4/29/14

10-A

10-B

10-C

10-D

10-G

10-J

10-M

10-P

10-E

10-N

10-R

10-F

10-O

10-S

10-H

10-K

10-I

10-L

10-T

10-U 10-V 6-A

8-A

8-B

8-C

8-E

8-D8-G

8-F

8-L

8-M

8-N 8-O

8-H 8-I 8-J 8-K

8-P

4-F

4-G

4-H4-I 4-J 4-K

Pocke

t Park

Greenway

Existing Utility Corridor

Buffer

Par

k

CommercialAnchor

(41,500 SF)

Existing Bank

Detention Basin

Future Phase

SeniorHousing


189

16,100 sf Village RetailRetail A

13,400 sf Village RetailRetail BOutlot B

2,300 sf

Retail Village

PlazaOUTLOT C

Mai

n E

ntra

nce

Roa

d

OUTLOT D

OUTLOT E

2 5

M

I

L

E

R

O

A

D

EXCLUDED

Lawson Creek Drive (Existing)

The Estates at Legacy VillagePhase 1: Single Family

Residential(Under Construction)

Redbud Drive

NORTH

Existing Utility Corridor

Legacy Village Planned Unit Development was approved in 2006 by the Shelby Township Boardof Trustees. Since that time the following phases have recieved final approval and have begun:

Phase 1 Commercial: Bank constructed at the northwest corner of 25 Mile & Van DykePhase 1 Residential: Single Family residential has begunPhase 2 Residential: The design phase for the utility and earth work for Multi Familyresidential has begun

Prior to constructing the Townhomes along Village Blvd., Longhorn Estates, LLC concluded thatthe high density, 3-story, urban style townhomes are no longer a viable housing product at thislocation. Longhorn Estates has identified that 10-unit and 8-unit, 2 car garage, attachedcondominiums which are located within an attractive neighborhood setting and close to villagestyle retail are in demand within Shelby Township, and will be successful at this site.

The originally approved 2006 site plan has therefore been modified to remove the higher densitytownhomes and create an attractive neighborhood with the preferred housing type and villagestyle commercial development. The site plan modifications include:

186 Townhome units were removedMulti family housing was modified to incorporate more desirable 8 & 10 unitbuilding typesStreet system modified to promote better circulation and safety accessReduced density by 49 (23) units (See sheet SPA-2 for clarification)Modify site plan to increase open space by 2 acres and make it more usable forresidentsCreate pocket parks, greenways and larger community park with clubhouseModify Village Blvd. to remove small central islands and increase size of curbsidearea for trees plantingsModify commercial retail area to establish a street facing retail village experienceReduce overall square footage of commercial spaceEstablish a 5-acre land bank in order to not over build retail and better gauge thefuture market (see sheet SPA-2 for alternative development options)Maintain future phase of senior housing

See Sheet SPA-2 for modified density and land use calculations

Legacy Village 2014 Site Plan Amendment Summary

See Sheet SPA-2 for Land BankDevelopment Alternatives

2014 Proposed Site Plan Modifications:

4-A4-B 4-C

4-D

4-E

Commercial Anchor :

Retail A :

Retail B :

Retail C :

41,500 SF

16,100 SF

13,400 SF

2,300 SF

Phase 2 Final SitePlan Submission

11/18/14

Existing ZoningDistrict Boundaries

Drive Thru w/ 6stacking spaces

Phase 2 Residential Parking:All Multi Family Residential Units within Phase2 will have 2 interior parking spaces withineach individual garage and 2 exterior parkingspaces on driveway, typ.

188 Multi-Family Units 376 Off Street Spaces

Phase 2 Commercial Parking:

73,300 SF Commercial 504 Off Street Spaces

Phase 2 Residential Trash Storage:All Multi Family Residential Units within Phase2 will be responsible for individual in-garagetrash storage with weekly curb-side pickup.

Phase 2 Commercial Trash Storage:Trash Dumpster's will be located at the rear ofCommercial buildings within Phase 2 and willbe shielded by masonry enclosures. SeeSheet L-4.


2 5

M

I

L

E

R

O

A

D

Existing R-8 Zoning

Existing C-2 Zoning

Existing R-8 Zoning BoundaryExisting C-2 Zoning Boundary

Phase 2: Open Space PlanPhase 2 Total Area = 39.56 acresPhase 2 Open Space = 4.2 acres (10.6%)

Phase 2 FinalApproval Conditions

1/15/15

Village Blvd On-Street Parking = 56 spaces (23' x 7')

VV

B

Retail Pads

A N D YA N D YYY

A

SHELBY TOWNSHIP, MI

Retail Portion

SHELBY TWP, MI SHELBY TOWNSHIP, MI

©2015, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 08/2014, TIGER Geography

2014 Estimated Population 5,337 50,890 125,417

2019 Projected Population 5,417 51,660 127,299

2010 Census Population 5,344 50,962 125,502

2000 Census Population 3,308 39,710 102,046

Projected Annual Growth 2014 to 2019 0.3% 0.3% 0.3%

Historical Annual Growth 2000 to 2014 4.4% 2.0% 1.6%

2014 Median Age 37 41.4 41.1

2014 Estimated Households 1,971 19,161 47,703

2019 Projected Households 2,033 19,770 49,207

2010 Census Households 1,924 18,712 46,574

2000 Census Households 1,237 14,234 37,241

Projected Annual Growth 2014 to 2019 0.6% 0.6% 0.6%

Historical Annual Growth 2000 to 2014 4.2% 2.5% 2.0%

2014 Estimated White 92.8% 93.2% 91.8%

2014 Estimated Black or African American 1.8% 1.9% 2.4%

2014 Estimated Asian or Pacific Islander 2.8% 2.5% 3.3%

2014 Estimated American Indian or Native Alaskan 0.2% 0.3% 0.2%

2014 Estimated Other Races 2.4% 2.1% 2.3%

2014 Estimated Hispanic 2.4% 3.0% 3.0%

2014 Estimated Average Household Income $88,526 $90,480 $89,127

2014 Estimated Median Household Income $74,556 $77,303 $74,616

2014 Estimated Per Capita Income $32,691 $34,085 $33,918

2014 Estimated Elementary (Grade Level 0 to 8) 2.2% 2.8% 2.9%

2014 Estimated Some High School (Grade Level 9 to 11) 4.3% 5.0% 5.0%

2014 Estimated High School Graduate 25.3% 25.7% 25.8%

2014 Estimated Some College 24.3% 25.0% 24.7%

2014 Estimated Associates Degree Only 12.3% 9.7% 9.3%

2014 Estimated Bachelors Degree Only 21.7% 19.7% 20.0%

2014 Estimated Graduate Degree 9.9% 12.1% 12.4%

2014 Estimated Total Businesses 231 1,870 4,698

2014 Estimated Total Employees 2,187 16,032 43,451

2014 Estimated Employee Population per Business 9.5 8.6 9.2

2014 Estimated Residential Population per Business 23.1 27.2 26.7

3 mi radius 5 mi radiusShelby Charter Township, MI 48316

SUMMARY PROFILE2000-2010 Census, 2014 Estimates with 2019 ProjectionsCalculated using Proportional Block Groups

Lat/Lon: 42.6985/-83.0347

Thi

s re

port

was

pro

duce

d us

ing

data

from

priv

ate

and

gove

rnm

ent s

ourc

es d

eem

ed to

be

relia

ble.

The

info

rmat

ion

here

in is

pro

vide

d w

ithou

t rep

rese

ntat

ion

or w

arra

nty.

POPU

LATI

ON

HO

USE

HO

LDS

RA

CE

AN

D

ETH

NIC

ITY

IN

CO

ME

EDU

CA

TIO

N(A

GE

25+)

BU

SIN

ESS

RS1

Van Dyke Avenue & 25 Mile Road1 mi radius

legacy village - landmark commercial real estate...

Documents