1. Lance Robbins, Principal, Urban Smart Growth, Los Angeles, CA
Presented by
Lance Robbins, Principal, Urban Smart Growth, Los Angeles, CA

2. Hope Artiste Village is a community, an eclectic mix of artists and entrepreneurs all working and living together in one of the biggest mill restoration projects in Rhode Island History.
We strive to be the new artistic center of Rhode Island...a New England Destination. With easy access from I-95 and located minutes away from downtown Providence, the new Hope Artist Village will be a cultural destination point. We welcome you to explore the possibilities...

6. The Arts in Rhode Island
For nearly a decade now, Providence has been hailed as the region's up and coming arts renaissance center.
In recent years - and with increasing success - Pawtucket has focused attention on attracting the arts as an economic driver.

7. Village Vision Balancing Artists and Small Businesses
Building Community
Development of a Regional Destination
Excellence and Innovation in Historical Restoration

8. Our First Years
The Village Project started June Urban Smart Growth established construction and development team in the village.
The project is currently in the middle of its second phase of development, and coming to the end of its first year of leasing.
June December 2007
47 Tenants: 79,742sf
16 Signed Tenants for 2008, including 2 Restaurants!

9. Leases total: 63
Leases signed within the last 6 months: 40

10. Incentives New Construction within Renovation Flexible Lease Terms
Tenant fit-out needs incorporated into rent
Taxes Included in Monthly Rent
Enterprise Zone for Economic Growth
Loan Programs from the City of Pawtucket
Community Advertising/Events
Synergetic Environment between Arts and Small Businesses

11. Workshop & Industry
Light industrial spaces were the first completed spaces and are now 90% filled with a wide variety of artisan tenants.
Weave Shed 1: 100% occupied January 2008
Weave Shed 2: 60% occupied 20% on deposit

12. 2005- Light Industry

13. Light Industry: Before and After
Unit 715 in 2005
Unit 715 in 2007

14. 2007 Light Industry Before and After
The Hive Custom Tattoo Studio and Gallery
Space Available for Lease

16. Office Suites
Our Executive Office Suites offer the flexible lease terms, full list of amenities, and a professional office atmosphere.
Flexible Terms- yearly or month to month lease options.
Utilities, taxes, data installation included.
Community Kitchen!
80% rented, 20% under construction

17. 2005 Office

18. 2006 Office Before and After
Space Available for Lease
McCarten Violins Workshop

20. Live / Work Lofts
The Village has invited eleven live/work tenants to a small interactive community along Main Street. Each unit features impressively designed bathrooms and kitchens, open floor plans, and a dramatic spiral staircase. Refinished floors, exposed brick walls, and restored loft windows.
100% pre-leased between July and September 15th.

22. 2007- Live/Work
Close to Completion
Live/Work Model

23. 2005-Retail

24. 2008-Retail
Interior Shopping Hallway Boasts Newly Constructed Historic Windows, Custom-made Doors, and Buffed Concrete Flooring

26. Open House September 2007 1000+ attending

27. The Floating Art Project, a guerilla-gallery adopted 7,000 square feet of space for an elaborate presentation of local artwork.
Today, the organization is also a tenant in our retail development.
Hometown heroes, Zox, played an outdoor concert at our Pawtucket Arts Festival Open House.
Our plans are to develop the space for a summer concert series of local talent.

28. Urban Smart Growth in Rhode Island
Greystone Mills, North Providence
Eagle Square Lofts, Providence
The Conant Thread Factory, Pawtucket

29. Urban Smart Growth Belville, North Carolina
80-acre waterfront
re-development of new town-center across from Wilmington, NC.

30. Creative Negotiating Points
Taking A Developer’s Fees May Be An After Tax Loser
Withdrawing Tax Credit Proceeds As Return Of Capital Tax Free
Allocation Of State Tax Credit Certificate To Admitted Partner Tax Free
Negotiating Sale Of Additional Credits And Minimal Time Adjuster (Room To Move)
Benefits Of Negotiating A “Phased Project” (Room To Move)
Refinancing Alternatives-Negotiate Up Front With A Credit Partner

31. USG’S Economic Game Plan
Buy Opportunities Ahead Of The Curve
Build For Investment, Not Resale
Build For Minimal Cost
Credits Are Supplemental, Not A Necessity
In-House Operations