Noyes Street 4-story mixed-use building 44 soft-loft style rental dwelling units 25% Studio, 27.5% One-BR, 27.5% Two BR, and 20% Three BR Units 3,200 SF Ground Floor Restaurant/Retail space 35 surface parking spaces for residential units at the rear

Noyes Street – Existing Conditions View Looking SouthwestView Looking Southeast

Site Plan

Building Images

Street Front Images

Public Benefits Eliminate blighted structures or incompatible uses through redevelopment – Incorporates the underdeveloped 6,800 sf one-story retail building that is 75% vacant and in disrepair. – Redevelopment in accordance with the allowable 2.2 FAR by renovating the existing retail building and adding a three level residential component above Enhance the local economy and the tax base – Projected to provide approximately $125,000 in Real Estate Taxes annually of which 67% goes to the schools and 21% goes to the City – Restaurant is projected to provide $40,000 in annual sales and alcohol taxes to the City – Creation of approximately 30 new permanent jobs and approximately 120 construction jobs

Public Benefits – Housing Provide a variety of housing types in accordance with the City’s housing goal – First project proposed after passage of the City’s Inclusionary Housing Ordinance, which requires a buyout contribution of $400,000 – First project to include the inclusionary housing units within the building at an added cost of $222,000 – Total cost of affordable housing is $622,000 – Four times the amount of three bedroom units provided in competing residential projects

Public Benefits – Off-Site Improvements Efficiently use land resulting in more economic networks of utilities, streets, schools, public grounds, and other facilities – The Project is providing the following off site improvements: Parkway paving, landscaping and bike racks - $50,000 Replacement of adjacent sidewalk - $15,000 Replacement of handicap crosswalk - $10,000 Repaving of southern alley - $15,000 New landscape for adjacent lot - $25,000 Contribution to Public Art fund - $10,000 Contribution to Divvy bike program - $10,000 Real time public transportation board in lobby - $2,500 Car share memberships for tenants - $1,760 Sub Total $139,260

Public Improvements – Sustainable Design Incorporate recognizable sustainable design practices and building materials to promote energy conservation and improve environmental quality – Will achieve LEED Silver level certification – Will retain perimeter walls of the existing structure to not disturb the existing lot line foundations and neighboring properties – Will provide reflective white roof which is 3X more effective in cooling the surrounding environment and addressing the heat island effect than a green roof.

On-Street Parking Permits Plan Commission recommended building residents not be eligible for on- street parking permits – Why this restriction is unfair and unreasonable We’re meeting the Ordinance’s off street parking requirements for residential units. Restriction will make the Project more susceptible to student occupancy Restriction will preclude residents of inclusionary units from obtaining on-street parking permits which is inconsistent with the intent of the IHO Restriction will place the Project at a competitive disadvantage to existing multi-family rental buildings in the neighborhood The Project’s residents should be treated similarly to similarly situated existing residents of the neighborhood

On-Street Parking Permits

Noyes Street 4-story mixed-use building 44 soft-loft style rental dwelling units 25% Studio, 27.5% One-BR, 27.5% Two BR, and 20% Three BR Units 3,200 SF Ground Floor Restaurant/Retail 35 surface parking spaces for residential units at the rear

Public Improvements – Sustainable Design Incorporate recognizable sustainable design practices and building materials to promote energy conservation and improve environmental quality – Will achieve LEED Silver level certification – Will retain perimeter walls of the existing structure to not disturb the existing lot line foundations and neighboring properties – Will provide reflective white roof which is 3X more effective in cooling the surrounding environment and addressing the heat island effect than a green roof.

Public Improvements – Sustainable Design Why White Roof Versus Green Roof? Roof will neither be accessible nor visible from any adjacent properties Green roofs are three time less effective than the proposed reflective white roof in reducing the heat island effect Installation of a green roof entails 30 pounds per square foot of additional weight, which will require increasing the structural capacity of the roof by approximately 25%, resulting in an additional cost of approximately $100,000 The cost of installing the green roof is $20 per square foot. A 10,000 SF green roof would cost approximately $200,000 without the structural premium or any costs for additional waterproofing and ongoing maintenance Total Cost of a 10,000 SF Green Roof$300,000 to $350,000 These costs make the project financially infeasible when paired with the costs of the other public benefits provided

Ground Floor and Roof Plan

Upper Level Floor Plans

Building Elevations

Exterior Materials

Site Landscape Plan

Street Front Landscape Plan