[CC Briefings 07162024]
[00:00:10]
WELCOME IN ORDER FOUR 30 TODAY.
UM, AND I'LL IMMEDIATELY TURN IT OVER TO OUR CITY MANAGER, BILL, TAKE IT OVER.
UM, IN OUR BRIEFING ON TODAY, OR WE HAVE PRESENTATIONS FROM THOSE IN RESPONSE TO THE REQUESTS FOR EXPRESSIONS OF INTEREST FOR THE DEVELOPMENT OF DOWNTOWN.
WE'RE GOING TO BEGIN WITH SO THAT WE DON'T SPEND TOO MUCH TIME, 'CAUSE EVERYONE WILL HAVE 20 MINUTES, AND THAT WILL INCLUDE QUESTION AND ANSWERS.
AND WE'RE GOING TO BEGIN WITH, WITH CARLY AND JASON SMITH.
I'M GONNA TRY NOT TO MESS THIS UP.
HEY, THANKS FOR ENTERTAINING OUR IDEAS.
AGAIN, IT'S GOOD TO SEE YOU ALL.
IT'S LIKE THE WARM EMBRACE OF THE FAMILY BACK IN HERE WITH GP.
THIS ROOM IS, IS SUCH A GREAT ONE.
UM, MR. SHOTWELL, I BELIEVE THIS IS NEW TO YOU, AND THIS BEING YOUR DISTRICT, WHERE, WHERE WE ARE, UM, I'LL TRY TO MAKE SURE I DON'T ASSUME THAT ANYONE HAS, UM, HAS PROCESSED ANY OF THIS.
UM, ACTUALLY, MR. HILLS, I DON'T THINK YOU'VE SEEN THIS EITHER.
UM, OKAY, SO I'M GONNA GO THROUGH SOME PRETTY PICTURES HERE.
THESE ARE, THIS IS GONNA BE THE VISION, UM, THE, AND I'M GONNA KINDA ZERO IN ON THOSE AND KIND OF TELL YOU WHAT WE'RE GONNA DO, AND THEN I'M GONNA TELL YOU WHY.
SO, PRETTY PAGE NUMBER ONE, ANNEX.
THIS IS, UM, CLOSEUP OF SOME OF THE COMMUNITY ENGAGEMENT.
UH, ONCE AGAIN, WE ARE ONLY PITCHING AN INTERESTED IN THE ANNEX PROPERTY, THE FRONT PROPERTY.
WE DO NOT HAVE A MASTER PLAN OR A MASTER VISION FOR, FOR ALL OF THIS, WHICH IS UP.
AND ALSO, YOU GUYS SHOULD HAVE HARD COPIES IN FRONT OF YOU OF EVERYTHING THAT WE'RE, WE'RE PUTTING UP HERE.
SO IF YOU WANT TO ZERO IN ON THAT LATER, UH, I EXPLAIN OR WE EXPLAIN EVERYTHING.
UM, SO WE'VE GOT SOME COMMUNITY ENGAGEMENT HERE.
WE KNOW THAT WE, YOUR MASTER PLAN HERE, WHOMEVER YOU PICK, UM, YOU'RE GONNA HAVE MORE PEOPLE, YOU'RE GONNA HAVE MORE BODIES.
YOU'RE GONNA HAVE A MULTI-FAMILY HOUSING AND, UH, AND MORE BUSINESS, MORE WALKABILITY HERE FROM MAIN STREET, OBVIOUSLY FIREHOUSE ACROSS THE STREET.
SO THAT WAS, THAT WAS THE IDEA HERE, WHERE IT REALLY BECOMES A COMMUNITY SPACE IN THE FRONT WITH, UM, WITH THIS ICONIC BUILDING.
UH, THAT'S ME AND MY WIFE, UH, PRETTY WIFE AND BEAUTIFUL DAUGHTER.
UM, YOU DON'T NEED TO SEE THAT ONE.
THIS IS WHAT WE'RE TALKING ABOUT, UH, AN AERIAL OF THE SPACE.
WE REALLY RESPONDED TO THIS CITY HALL ANNEX BUILDING.
IT'S, UH, ONE OF THE FEW, UM, EXPRESSIONS OF THIS TYPE OF ARCHITECTURE STILL LEFT IN THE METROPLEX.
UM, AND, AND WE ARE CONSTANTLY LOOKING FOR BUILDINGS, UM, THIS KIND OF ZERO ZERO IN A LITTLE BIT MORE ON, UM, ON OUR VISION.
ONCE AGAIN, I'LL LEAVE THAT TO YOU.
I'M NOT GONNA READ EVERY BIT OF THIS TO YOU.
UM, THIS, UH, THE FRONT OF THE BUILDING WOULD GET A FRESHEN UP, UH, WITH PAINT, LIGHTING, LANDSCAPING, WATER FEATURES.
THOSE WATER FEATURES WILL BE ON THE EXISTING GREEN TILE FACADES THAT ARE THERE.
UM, ADDITIONAL TILE WORK, UH, WINDOW REFURBISHING.
WE THINK IT, IT'S, UH, PRETTY AMAZING.
THERE'S, UH, ICONIC LINES TO THIS BUILDING THAT WE JUST, UM, WE STARE AT IT ALL THE TIME.
SO, UH, I GUESS YOU COVERED WHAT YOU SEE ALL THE TIME.
UM, AND, AND LET ME JUST SAY, WE ARE ALWAYS LOOKING.
SO OLD BUILDINGS MEAN SOMETHING TO US.
UH, PART TWO, BIG AND OPEN AND BRIGHT ON THE INSIDE.
UM, SO IDEALLY FROM WEDDINGS TO TRADE SHOWS TO, UM, CORPORATE EVENTS WOULD TAKE PLACE IN THAT CENTER BODY OF THE BUILDING THROUGH THERE.
THIS GIVES YOU AN IDEA OF WHAT WE'RE GONNA REFERENCE HERE.
DINING HALL, ART GALLERY, OUTDOOR ART SPACE THERE, CALLING THE ART GALLERY, THAT CENTER SPACE, THE WEST WING.
AND THEN, UH, THE BANK HEAD HALL.
UM, SO, UH, WORKSPACE, UM, WE'RE STILL COLLECTING DATA ON LIKE THE VIABILITY OF LIKE A WEWORK SITUATION, BUT, UM, WE KNOW THAT FROM A PRODUCTION STANDPOINT AND FROM A LIVE PODCAST STANDPOINT, UM, THOSE ARE EASY PLUGINS.
WE GET THOSE REQUESTS ALL THE TIME, BUT WE CAN'T, YOU KNOW, SHUT THE RESTAURANT DOWN JUST BECAUSE PEOPLE WANT TO USE THIS SPACE.
[00:05:01]
DO A DECENT AMOUNT WITH YOUR BLESSING.UM, OKAY, SO THIS IS THE BANK HEAD HALL.
THIS IS, THIS REALLY IS, UH, THE OLD LIBRARY AS I CALL IT, AND I KNOW THERE'S BEEN OTHER USE SINCE THEN FOR IT.
UM, ONE IMPORTANT THING ABOUT THIS IS THE FLOW FROM THE ANNEX TO THE OLD, TO THE OLD LIBRARY.
SO, UM, IT, IT STANDS ALONE AS A, AS A CONCERT SPACE, SO YOU DON'T HAVE TO ANIMATE BOTH SIDES OF IT.
AND, UM, FROM AN EVENT SIDE, IT, UM, IT REALLY BECOMES HIGHLY USEFUL.
SO SAY YOUR, YOUR LAYOUT IS, UH, COCKTAIL HOUR, UH, THEN CEREMONY OR SOME SORT OF A SPEAKING ENGAGEMENT.
THEN DINNER, EVERYTHING FLOWS ALL THE WAY OVER TO THE BANQUETTE HALL.
NOW IT'S A STANDALONE THAT IS ACTUALLY SUPER CONVENIENT BECAUSE IF YOU'RE SETTING UP A BAND, YOU'RE SETTING UP SOME SORT OF A MUSICAL ACT, YOU'RE SETTING UP AFTER HOURS.
UM, IT'S, IT'S NOT NOISE AND SIGHT LINES FOR THE SAME EVENT THAT YOU'RE HAVING ON THE OTHER SIDE.
SO THE FOOTPRINT IS REALLY GREAT.
UM, SO HISTORIC REVELATION HERE.
WE WANT TO ADD SOME ARCHITECTURAL TOUCHES LIKE THIS BARREL OR, OR BARE VAULTED CEILING THAT, UH, KIND OF BRINGS SOME OF THE OLD IN WITH THE NEW.
THIS WOULD BE IN THE DINING HALL SIDE.
UM, I KNOW THAT THAT AREA OF THE BUILDING HAS SOME STRUCTURAL ISSUES, SOME FOUNDATION ISSUES.
AND I KNOW THAT IS, UH, A REAL CONCERN IN, IN KEEPING THESE BUILDINGS.
OUR DESIGN ACTUALLY CUTS THE RENOVATION AND REMODEL IN HALF.
UH, I'M HAPPY TO GO INTO IT IF WE WANT TO TALK ABOUT IT SOME MORE LATER.
UM, AND THEN THIS, THIS BESPOKE BAR SPACE.
SO WHAT WE DO A LOT IS, UH, ACTIVATE FOR, UM, ALCOHOL BRANDS.
THEY'RE ALWAYS LOOKING FOR SOMETHING UNIQUE AND A SPACE THAT IS INSTAGRAM WORTHY, UM, PRODUCTION READY, AND BIG ENOUGH THAT THEY CAN HOST PEOPLE.
SO THOSE KIND OF ENGAGEMENTS WILL, PEOPLE WILL COME ENGAGE WITH THAT SPIRIT.
UM, THEY GET WHINED AND DINED ON MAIN STREET AND THE LIQUOR COMPANIES PAY FOR IT.
UH, I THINK IT'S SOMETHING THAT'S MISSING TV AND FILM.
THIS IS JUST A CHANCE FOR ME TO PUT MY FACE IN BRAG ABOUT BEING IN MOVIES.
UM, IT'S, UM, WE GET SO LOVE AND DEATH.
UH, I GOT THE PRIVILEGE TO WORK ON THAT.
THEY WERE LOOKING FOR A PLACE TO HOST A BIG ENOUGH PARTY, A BIG ENOUGH EVENT, AND A GLAMOROUS ENOUGH EVENT.
UM, FOR ME, WHEN I GET AN OPPORTUNITY, OR IF IT'S A RELATIONSHIP, IT'S SOMETHING THAT'S EASY TO, TO KIND OF PLUG AND PLAY.
IT WAS ANOTHER SHOW THAT ACTUALLY SHOT AT FIREHOUSE.
I THINK WE'RE IN BIG DOUBLE DIGITS WITH, UM, WITH PRODUCTIONS THAT HAVE TAKEN PLACE THERE IN PHOTO SHOOTS.
SO A LOT OF PRODUCTS HAVE COME IN AND BEEN, UM, AND BEEN PHOTOGRAPHED THERE, AS WELL AS PODCAST TO, UH, TO TAKEOVERS AND RENT OUTS.
UM, OKAY, I'M GONNA READ THIS BECAUSE IT'S, UM, YOU KNOW, IT'S JUST TOO LONG.
SO FIVE YEAR, FIVE YEAR JOURNEY HERE.
WE'RE FIVE YEARS IN, AND THANKS TO YOU.
UM, IT'S BEEN AN INCREDIBLE ADVENTURE SINCE OUR OPENING IN 2019.
WE'VE RECEIVED UNPARALLELED SUPPORT AND ENTHUSIASM FROM THE CITY AND RESIDENTS TOGETHER.
WE'VE FACED SOME CHALLENGES HEAD ON, UM, YOU KNOW, SPECIFICALLY COVID-19.
AND I THANK YOU FOR YOUR SUPPORT DURING THAT TIME.
UM, WE'VE PROUDLY CONTRIBUTED TO MAKING, MAKING THE CITY MORE MUSIC FRIENDLY, UH, WHICH WAS A, A HUGE ACCOMPLISHMENT FOR US ALL.
UH, WE'VE HOSTED THE MEETINGS ON THE 1 61 PROJECT TO CRICKET, TO, UH, ENTERTAINMENT DEVELOPERS, TO, UH, NUMEROUS NEW BUSINESSES THAT HAVE NOW COME TO THIS CITY.
I THINK WE'VE BEEN YOUR LUNCH TABLE.
WE'VE BEEN A PLACE WHERE YOU CAN WALK ACROSS THE STREET AND NOT, AND SEE SOMETHING NEW AND HANG OUT.
UM, THE, UH, WITH YOUR FEEDBACK AND YOUR SUPPORT, WE, UH, WE'VE ACHIEVED STATUS OF NUMBER ONE RESTAURANT ON YELP IN GRAND PRAIRIE.
UM, WE ALSO MAINTAIN A 4.6 STAR WITH OVER 1100 REVIEWS WITH GOOGLE, UH, WHICH IS HIGHER THAN ANYONE ELSE IN GRAND PRAIRIE.
YOU ASKED US AT ONE POINT FOR A VIBRANT ATMOSPHERE.
YOU ASKED US FOR GREAT FOOD, LIVE MUSIC, COFFEE, COCKTAILS, AND A PLACE FOR FAMILY GATHERINGS.
AND, UH, WE DELIVERED ON EVERY FRONT.
WE'VE WELCOMED OVER 350,000 VISITORS TO MAIN STREET.
THE ANNEX PROMISES TO BRING MORE.
[00:10:01]
LOOK, WHAT WE DO ACROSS THE STREET IS GREAT.AND WE HAVE A GREAT TEAM AND A INCREDIBLE PEOPLE THAT WORK REALLY HARD.
AND WE HAVE A LOT OF EMPLOYEES.
IT'S NOT, IT'S NOT, CARLY AND I, UM, THIS LAST FIVE YEARS HAVE BEEN A MASTERCLASS FOR US.
WE, WE WERE PICKED, WE'RE LIKE, OH MY GOSH, WE'RE OPENING A RESTAURANT.
UM, OKAY, HOW DO WE DO THAT? AND, UM, AND IT'S, IT'S BEEN GREAT.
IT'S BEEN TOUGH AND, AND WE'VE DONE IT TOGETHER.
SO WHAT I CAN SAY IS, WHAT WE'RE REALLY GOOD AT IS EVENTS.
UM, CURRENTLY WE, WE PLAN, PRODUCE, OR PROVIDE SERVICES FOR OVER 200 EVENTS IN THE METROPLEX A YEAR.
A LOT OF THOSE WE ARE PROVIDING THE SERVICES FOR, UM, A GREAT EVENT SPACE.
A GREAT SPACE DOES 120 TO 140 BOOKINGS A YEAR.
THAT'S ROUGHLY 30,000 PEOPLE AT THE AVERAGE OF 200.
SO WITH 200 GUESTS, THE COST OF THAT IS 50 TO A HUNDRED THOUSAND DOLLARS EACH EVENT.
ONE NIGHT, ONE AFTERNOON, ONE EVENING, THEY SORTED 250,000, SOMETIMES HALF A MILLION DOLLARS.
IF WE'RE TALKING ABOUT A CORPORATE PARTY.
300,000 IS A NICE, IS A NICE NUMBER.
NOW, WE DON'T ADVERTISE OURSELVES ACROSS THE STREET AS AN EVENT SPACE.
WE HAVE SOME SPACES FOR RENT, BUT THIS YEAR WE'LL DO TWO PARTIES THAT ALL IN ARE OVER SIX FIGURES.
WELL, WE DON'T GET ALL OF THAT, BUT WE'RE GONNA PROVIDE THE FOOD IN THE BEV.
WE'RE GONNA PROVIDE THE SPACE.
ALL THE OTHER VENDORS, ALL THE MUSIC, ALL THE TENTING, ALL THE EVERYTHING.
PEOPLE ARE WILLING TO COME DOWN HERE.
THEY'RE WILLING TO SPEND MONEY AND THEY'RE WILLING TO SPEND IT AT A RESTAURANT ACROSS THE STREET BECAUSE 'CAUSE THEY LIKE THE VIBE, THEY LIKE THE LOOK OF IT.
UM, SO WE WOULD PROJECT A HUGE BIT OF FANFARE FOR THE ANNEX.
IT'S LIKE, IT'S GOT ALL THE RIGHT INGREDIENTS.
AND I THINK WITH OUR CONTACTS AND, UM, AND OUR SALES STRUCTURE, SO FROM HARD HAT TOURS TO RELATIONSHIPS WHERE WE'RE BRINGING IN PEOPLE FOR INPUT EARLY ON, WE, WE WOULD EXPECT A LOT OF FUTURE BOOKINGS.
UM, AND LOOK, 300 PEOPLE, 200 TO 300 PEOPLE A DAY COMING IN THAT ARE LOOKING AT GRAND PRAIRIE, THEY'RE LOOKING AT DOWNTOWN.
THEY'RE SAYING, I'VE NEVER BEEN HERE BEFORE.
THEY'RE SAYING, UH, YOU KNOW, CAN I LIVE HERE? CAN I WORK HERE? CAN I PLAY HERE? CAN I BRING MY BUSINESS HERE? CAN, UM, I, IT'S KIND OF STOPPED NOW.
HOW'S THIS, HOW'S FIREHOUSE IN GRAND PRAIRIE? WHAT'S THIS DOING HERE? WELL, THERE'S A LOT IN GRAND PRAIRIE NOW, RIGHT? SO PEOPLE AREN'T SAYING THAT ANYMORE.
BUT I THINK THAT WE NEED A, A NEW INTRODUCTION TO, TO DOWNTOWN.
AND, UH, MY LAST THOUGHT IS YOU'RE GONNA NEED A PLACE TO, TO HOST, UH, PRESIDENT MURMUR WHEN SHE COMES, UH, TO CELEBRATE PICKLEBALL HERE IN GRAND PRAIRIE.
AND, AND I, I MEAN, UH, CRICKET HERE IN GRAND PRAIRIE.
AND SO YOU NEED A HIGH CLASS, BEAUTIFUL EVENT SPACE FOR IT.
SO WHAT YOU SAID WAS GREAT, EVERYTHING LOOKS GREAT, BUT JUST A COUPLE OF QUESTIONS.
NOW, USUALLY COUNCILMAN JOHNSON ASKS THIS QUESTION ABOUT PARKING.
SO WITH OUR FUTURE USE OF MAIN STREET, THE RE YOU KNOW, WE'RE GONNA GO FROM TWO LANES TO ONE LANE.
HOW DO YOU ANTICIPATE, 'CAUSE YOU SAID EVERYDAY EVENTS, WHERE'S EVERYBODY GONNA PARK? WELL, IT WON'T, IT WON'T BE EVERY DAY.
I, I, I HOPE IT WOULD BE, BUT AT LEAST THE WEEKENDS.
SO WE WOULD STRIKE A DEAL AND, AND PAY IN FOR PARKING.
SO IF IT'S A CITY PARKING LOT, WE WOULD PROBABLY GO TO YOU FIRST AND SAY, HEY, CAN WE, CAN WE PAY YOU FOR YOUR PARKING? OTHERWISE? AND IT'S ALWAYS, IT'S ALWAYS VALET FOR EVENTS LIKE THIS.
SO A VALET ISS GONNA PICK 'EM UP AND TAKE 'EM.
SO IF YOU'RE TALKING, LET'S SAY 200 PEOPLE YES, SIR.
HOW MANY CARS ARE YOU ANTICIPATING? 75.
SO WITH THAT, LET'S SAY IT'S SINGLE OF THE MILE WEEKEND MM-HMM
OR MAIN STREET FEST WEEKEND, THINGS OF THAT, THINGS THAT YES, SIR.
THAT WE'RE DOING MORE DOWN, DOWN HERE ON MAIN STREET.
HOW ARE YOU GONNA RUN BUSINESS? 'CAUSE IF YOU CAN'T FIT THE CARDS RIGHT THAN YOU'RE LOSING MONEY, WE'RE LOSING MONEY.
HAVE Y'ALL THOUGHT ABOUT THAT IN YOUR PLAN OF HOW ARE YOU GONNA WORK AROUND OR COLLABORATE WITH US? THE THOUGHT WAS REALLY TO RENT SPACE, ALSO UTILIZE SPACE BEHIND, UH, YOU KNOW, FIREHOUSE WHEN WE CAN, UH, ALSO, YOU KNOW, POTENTIALLY, YOU KNOW, PURCHASE A PARKING LOT, UH, PURCHASE A LOT THAT WE HAVE TO, YOU KNOW, OR RENT, RENT ONE THAT WE THEN USE.
UM, A LOT OF THESE EVENTS THOUGH, ARE USING A, A BUSING STRUCTURE OR A SHUTTLE STRUCTURE.
UM, BUT ALL OF THEM ARE USING, UH, A VALET.
SO IT'S JUST FOOD FOR THOUGHT.
NO, THAT'S A GREAT, IT'S A GREAT POINT.
UM, THERE'S A, THERE'S AN EXAMPLE SORT OF AS A,
[00:15:01]
AS A CASE STUDY CALLED THE MASON IN, IN, UH, IN BISHOP ARTS MM-HMMAND THEY HAVE, THEY HAVE ZERO PARKING.
UM, THEIR AVERAGE IS ABOUT 1 50, 1 75.
UM, BUT IT'S, THEY UTILIZE RENTAL PARKING SPOTS AND VALET.
AND SO I'D HAVE TO STRIKE THOSE RELATIONSHIPS.
AND HAVE YOU GOTTEN WITH STAFF AS FAR AS THE TIMELINE OF THE CONSTRUCTION ON MAIN STREET, HOW LONG THAT'S GONNA TAKE? I HAVEN'T, BECAUSE IT'S GONNA PUT A BURDEN.
I MEAN, WE JUST SPOKE ABOUT THAT LAST WEEK OF, YOU KNOW, ASSISTING THOSE THAT DO LIKE YOU ON YES, SIR.
YOU KNOW, THAT HAS YOUR RESTAURANT, YOU KNOW, THE BURDEN THAT Y'ALL ARE GONNA TAKE ON.
UH, WHEN THAT CONSTRUCTION STARTS, I, IT, IT DOES MAKE ME NERVOUS.
I'LL, I'LL TELL YOU, YOU, YOU BROUGHT IT UP.
UM, PART OF THIS AND PART OF STAYING HERE AND YEAH, LOOKING ACROSS THE STREET HAS BEEN REALLY TO ALLEVIATE SOME OF THAT BURDEN.
SO IF WE WERE ABLE TO GET IN, START CONSTRUCTION, GET SOME BOOKINGS GOING, THERE'S KIND OF A, FROM 30, THERE'S A BACK DOOR TO THIS PROPERTY, RIGHT? MM-HMM
IF YOU'RE CROSSING MAIN STREET AND YOU'RE, YOU'RE SO INCLINED TO BE AGITATED BY IT, UM, IT'S A LITTLE HARDER TO GET TO FIREHOUSE.
IT'S, THIS IS KIND OF A, A, YOU KNOW, AN EASIER SHOT.
RIGHT? AND THAT'S ONE THING WE SPOKE, YOU KNOW, COUNCILMAN'S, UH, SHOTWELL DISTRICT IS TRYING TO ALLEVIATE, AT LEAST MINIMIZE THE TRAFFIC COMING THROUGH THE NEIGHBORHOODS.
A LOT OF THESE RESIDENTS ARE NOT GONNA LIKE PEOPLE DRIVING MAY AS A SHORTCUT.
IT'S GONNA PUT PRESSURE ON THEM.
IF CONSTRUCTION IS GOING ON, IS THAT GONNA ALLEVIATE CARS TO PARK IN THE NEIGHBORHOODS? AND WHAT'S THAT GONNA BE FOR THE NEIGHBORHOOD? RIGHT.
SO AGAIN, THIS IS JUST ALL FOOD FOR THOUGHT.
AS YOU'RE CREATING THIS, UH, DESTINATION PLACE, UH, THE VISION ON IT IS NICE, BUT WHERE DO WE PUT EVERYBODY? I MEAN, THAT'S GONNA BE FOR ANY BUSINESS THAT IS GONNA BE ESTABLISHED HERE.
UH, EVEN WITH THE MULTIFAMILY THAT'S GONNA BE POSSIBLY COMING IN, WHERE'S ALL THE PARKING? I WOULD SAY HOW MANY SPOTS ARE IN THIS PARKING LOT, RIGHT OUT FRONT STAFF? DID WE KNOW? I WOULD SAY A COUPLE OF HUNDRED.
BUT, BUT LOOK, I'VE, YOU KNOW, IF WE'VE GOT A FESTIVAL GOING ON, I, I CAN'T HAVE AN EVENT THAT WEEKEND, BUT THAT, THAT WEEKEND, THAT FESTIVAL I'M HOSTING, AND THIS IS NOT AN INCENTIVE.
WE'RE PROBABLY HOSTING YOU AND YOUR, AND, AND THE WHOLE CITY BECAUSE WE'RE CELEBRATING SOMETHING, RIGHT? CORRECT.
SO WE'RE PROBABLY OVER THERE TOGETHER AND WE'RE, WE'RE HAVING POPUP VENDORS AND WE'RE DOING WHATEVER.
SO WE'RE NOT GONNA, WE'RE NOT GONNA HAVE A CORPORATE EVENT OR A, OR A WEDDING OR WHATEVER THEY'RE THEN, UM, BUT WHEN YOU'RE, WHEN WE'RE CLOSED DOWN FOR BUSINESS ON THE WEEKENDS, AND MOST WEDDINGS ARE STARTING AT, YOU KNOW, 7:00 PM MM-HMM
UM, I'D RENT THAT PARKING LOT IF, IF YOU WERE SO INCLINED TO RENT IT TO ME.
JUST AS YOU'RE PLANNING EVENTS, I KNOW THOSE ARE MONTHS AND MONTHS IN ADVANCE.
AND SO IT'S GONNA BE JUST OPEN LINES COMMUNICATION WITH OUR STAFF.
UH, THANK YOU FOR YOUR PRESENTATION.
UM, I DON'T HAVE, UH, ANYTHING IN MY HAND TO GO BACK AND ANALYZE AND LOOK AT IN PARTICULAR THE NUMBERS THAT YOU, YOU DISCUSSED.
UM, THE EVENTS, 200,000, 300,000, HOW DOES THAT EQUATE TO TAX REVENUE DOLLARS BACK TO THE CITY? DOES THAT REALLY GO THROUGH YOUR CASH REGISTER? DOES IT GO THROUGH A DIFFERENT CASH REGISTER? SO, AND I ALSO DIDN'T HEAR, WHAT'S YOUR ASK FOR THE CITY IF YOU WERE, UH, AWARDED THIS PROJECT? ARE YOU GONNA ASK THE CITY FOR ANY MONEY? IS THAT IN YOUR PRESENTATION OR, SO, UM, THE FIRST PART, YES, SIR.
THE, UM, THE RENTAL ALL BAR SALES ARE THROUGH FIREHOUSE AS THE PARENT COMPANY WITH MAMA'S MEDICINE AS THE SHINGLES.
SO IT'S ALL BUSINESS THAT TAKES PLACE IN GRAND PRAIRIE.
OUR HOPE AND OUR WISH WOULD BE TO ENGAGE VENDORS THAT ARE GRAND PRAIRIE BASED.
SO THAT, THAT WOULD BE ALL TAX DOLLARS THAT ARE, THAT ARE BEING BILLED TO COMPANIES IN GRAND PRAIRIE.
UM, NOW, UH, I SPENT A LOT OF TIME IN CALIFORNIA.
SO IF YOU SPEND MONEY IN SANTA MONICA, YOU HAVE TO REPORT THAT YOU SPENT MONEY IN SANTA MONICA, UM, AND YOU HAVE TO PAY, UH, TAXES ON YOUR MONEY SPENT IN SANTA MONICA.
UM, BUT ALL OF THOSE DOLLARS WOULD BE RUNG UP.
UM, AT LEAST THE FIRST TWO CATEGORIES WOULD BE RUNG UP HERE IN GRAND PRAIRIE.
UM, BUT I'M LOST ON WHAT YOU MEAN.
WHAT, WHAT ARE THE FIRST TWO CATEGORIES? UH, THE RENTAL OF THE SPACE.
WHICH IS, UM, OUR ESTIMATE WOULD BE EIGHT TO $10,000 A DAY.
SO THE BAR PACKAGE IS BASED ON A PRICE PER HEAD.
AND THAT RANGES 25 TO $50 A PERSON.
SO AT 200, THERE'S A, THERE'S A LARGE CHUNK OF REVENUE THAT
[00:20:01]
WOULD HAPPEN JUST ON THOSE TWO CATEGORIES.UH, WE CAN ALSO PROVIDE THE CATERING, UM, BUT IT'S, IT'S NOT OUR MAIN FOCUS.
CATERING IS NOT YOUR MAIN FOCUS? NOT NOT AT THIS VENUE, NO, SIR.
WE WOULD LIKE TO, WE'D LIKE TO ENGAGE OUTDOOR.
OTHER, OTHER BUSINESSES AND LOCAL, LOCAL BUSINESSES WOULD POSSIBLE, SIR.
THE OTHER PART OF THE QUESTION YOU ASKED FOR THE CITY, UM, MY ASK IS, UH, I DON'T KNOW WHAT YOU WANT TO DO WITH THE BUILDING.
HOW MUCH, IF, IF YOU FRONT THIS 100% BY YOURSELF OR YES SIR.
THE, I DON'T KNOW IF YOU WANT TO SELL IT OR LEASE IT EITHER WAY.
WHAT, WHAT ARE YOU, WHAT HAVE YOU CONSIDERED? IF WE SELL IT, I LEASE IT, I WOULD BE INTERESTED IN PURCHASING IT MM-HMM
UM, AND THEN RENOVATING IT OURSELVES, OR, UH, IF YOU'RE LEASING IT, I WOULD ASK FOR, UH, LEASEHOLD IMPROVEMENTS, UH, BECAUSE IT'S YOUR BUILDING.
SO I WOULD CONTRIBUTE, I WOULD ALSO ASK THAT IF, IF THERE IS AN OPPORTUNITY OR RIGHT OF FIRST REFUSAL AT SOME POINT ON THAT BUILDING, IF YOU'RE LEASING IT TO ME AND THAT I AM PUTTING MONEY INTO IT, THAT I HAVE AN OPPORTUNITY TO PURCHASE IT.
SO HYPOTHETICALLY SPEAKING, IF WE DO LIST THE BUILDING TO YOU AND THE COUNCIL, DECIDE AS A WHOLE THAT THE, THE AMOUNT OF LEASEHOLD IMPROVEMENTS WOULD BE A CERTAIN DOLLAR AMOUNT AND IT'S NOT GONNA GET YOU WHERE YOU WANT TO BE.
HOW DO YOU FEEL ABOUT, JUST HYPOTHETICALLY SPEAKING, UH, YES.
THAT'S, WE'RE ONLY GONNA GIVE $500,000 FOR LEASEHOLD IMPROVEMENTS AND YOU NEED 1.8 MILLION.
SO YOU 1.3, THAT'S THE DELTA RIGHT THERE.
I WOULD, I WOULD ASK FOR AN OFFSET IN MY RENT BASED ON WHAT I'M PUTTING IN.
SO YOU, YOU'RE, YOU'RE CONTINUING, YOU'RE GONNA ASK SOMETHING TO GET, TO MINIMIZE THE AMOUNT AT YOUR POCKET? NO.
IF YOU OWN THE BUILDING AT THE END OF THE DAY AND YOU SAY, WE'RE, WE'RE NOT GONNA EXTEND YOUR LEASE, JASON, YOU OWN THE BUILDING.
EVERYTHING THAT NO, THAT'S NOT, THAT WAS, I SHOULD TO CUT YOU OFF, BUT THAT'S NOT WHAT I WAS SAYING.
YOU SAID YOU, IF WE ONLY GAVE 500 ON A $1.8 MILLION NEED TO BE FOR LEASEHOLD IMPROVEMENTS, THEN YOU WILL COME BACK AND ASK, UH, THE RENT.
SINCE WE'RE RELEASING IT TO YOU, LET'S SAY WE'RE RENTING FOR A THOUSAND DOLLARS A MONTH.
YOU WANT TO SAY, CAN YOU PAY $200 A MONTH? SO THAT'S $800 THAT'LL GO TOWARDS YOUR 1.3 MILLION DELTA.
THAT'S STEEP IN MY FAVOR, BUT, UH, NO, NO.
I'M JUST SOME, ALL THIS IS HYPOTHETICAL.
WE DON'T, WE'RE JUST THROWING NUMBERS, SIR.
SO I CAN BREAK THE NUMBERS DOWN EVEN LOWER SURE.
$10,000 TO IMPROVE THE BUILDING.
THE CITY ONLY GIVE YOU A HUNDRED DOLLARS.
TO FINISH THESE WHOLE IMPROVEMENTS.
IF I'M, IF I'M PAYING FOR THINGS THAT YOU THEN OWN, I WOULD SAY THAT I'M GOING TO SPLIT THE DIFFERENCE WITH YOU BECAUSE IT'S AN OPPORTUNITY COST FOR ME TO MAKE MONEY AS A BUSINESS OWNER.
BUT I'M NOT GONNA GIVE YOU THAT IN THAT ALGORITHM.
UH, A MILLION DOLLARS OF MY MONEY THAT YOU NOW OWN.
SO WE, SO WE WOULD HAVE TO WORK A DEAL.
KURT AND I CAN TELL WE WOULD HAVE A FUN TIME DOING IT TOO.
ANYBODY ELSE? COUNCIL MEMBER LOPEZ.
JASON, APPRECIATE THE, UH, THE PRESENTATION, UH, FOR US.
SAY THERE WAS A, THERE WAS A COUPLE CONCEPTS HERE, BUT SAY THE CITY SAID, YOU KNOW WHAT, WE REALLY WANT THIS, BUT WE THINK AS A VISION, THE REST OF IT COULD BE SOMETHING ELSE.
AND ARE YOU WILLING TO WORK WITH THE CITY AND SAY, YOU KNOW WHAT, JASON, WE'RE GOING TO GIVE YOU X, Y, AND Z, BUT THE REST OF THE BUILDING, WE'RE GONNA HAVE A WHOLE DIFFERENT CONCEPT, A WHOLE DIFFERENT APPROACH TO IT.
ARE YOU WILLING TO WORK WITH US ON THAT OR EXPLORE OTHER OPTIONS IN DOWNTOWN THAT WE COULD MAKE YOUR VISION FULLY? ABSOLUTELY.
THANK COUNCIL MEMBER, UH, COUNCIL MEMBER ADAMS. HI JASON.
HOW ARE YOU? REALLY LIKE YOUR PLANS AND YOUR LAYOUT.
MY QUESTION IS, WOULD YOU PLAN TO EXECUTE ALL OF THIS AT ONE TIME OR IN STAGES? UM, ALL AT ONE TIME.
SO YOU WOULD START WITH THE HALL? YEAH, WE WOULD START WITH THE HALL AND MOVE ACROSS THE, UM, THE IDEA WOULD BE THAT, UM, YOU KNOW, IF, IF WE HAVE TO VALUE ENGINEER AND GO IN PHASES, UM, IT'S NOT IDEAL.
I THINK WE COULD, THE ANNEX BODY WOULD BE THE BIGGEST EARNER, SO WE WOULD WANT TO FINISH THAT OUT FIRST.
AND THEN THE HALL WOULD BE THE SECOND PHASE IF WE WERE PUTTING THEM IN ORDER.
I WASN'T GONNA ASK THIS, BUT NOBODY ELSE DID.
SO I GUESS I WILL, WELL, TELL ME AND I'LL ASK YOU SINCE YOU DON'T WANT TO ASK IT.
I LIKE, I LIKE THIS KIND OF PRESENTATION.
I LIKE, I REALLY LIKE THE SAVING THE ARCHITECTURE.
THAT'S NOT ART DECO, BUT THAT'S THE, THAT'S THE KIND OF ARCHITECTURE I LIKE.
UH, BUT THE BOTTOM LINE IS ALWAYS GONNA BE THE COST.
[00:25:01]
AND I GUESS ONE DAY YOU'LL PRESENT US WITH SOME KIND OF COST ESTIMATES FOR WHAT YOU WOULD LIKE AND WHAT YOU'D WANNA DO.
I, I, BECAUSE I, I DON'T KNOW WHERE WE'RE AT IN THE, IN THE SURE.
IN THE LOOKING FOR PEOPLE STAGES, BECAUSE THIS IS THE FIRST, THE FIRST ROUTE.
YOU'RE, YOU GET TO BE THE LUCKY ONE, THE FIRST GUY OUTTA THE BOX HERE.
SO I'M, I'M KIND OF, YOU KNOW, HONESTLY, I'M JUST KIND OF SHOOTING IN THE DARK WHEN IT COMES TO WHAT YOU WANT AND HOW YOU WANT TO DO IT AND WHAT TO ASK FOR.
SO I, UH, WE LOVE THE, THE BUILDINGS.
UM, WE'VE MADE AN OFFER TO PURCHASE IT AT ONE POINT, UH, JUST BASED ON, YOU KNOW, WHO KNOWS HOW MUCH THE COST IS GONNA BE TO, TO RENOVATE IT.
I HAVEN'T BEEN GIVEN ACCESS TO THE BUILDING TO BRING IN A CONSTRUCTION TEAM AND TO GET AN ANALYSIS.
UM, I NEED A, I NEED TO GATHER A BUNCH OF INFORMATION.
SO EVEN IN A, EVEN IF YOU SAID, HEY, THIS IS A GOOD IDEA, WE WANT US TO TAKE A STEP FORWARD IN THAT NEGOTIATION, I WOULD REQUEST THAT WE GET TO GO IN, WE GET TO CHECK EVERYTHING, WE GET A BUDGET TOGETHER.
IN THE MEANTIME, I WOULD HOPE THAT Y'ALL WOULD SAY, HEY, WE WANT TO SELL THIS TO YOU, LEASE THIS TO YOU, PARTNER WITH YOU ON IT, WHATEVER, YOU KNOW, AND THEN, THEN KURT WILL HAVE AT ME AND WE'LL FIGURE IT OUT.
THAT SOME, SOME DAY THAT'S GOING TO HAVE TO BE SIT DOWN AND DONE AND YES, SIR.
I'M GONNA ASK THE CITY MANAGER A QUESTION.
DO YOU EVER GET THE MOTHBALL SMELL OUTTA THAT BUILDING? YES.
THAT'S, THAT'S THE AN THAT'S THE ANSWER.
THAT'S THE ANSWER THAT I EXPECTED.
IT'S PART OF THE ALLURE TO BE HONEST WITH YOU.
WELL HAVE TO MIX IT WITH SOME OTHER FRAGRANCES TO COME UP WITH SOMETHING.
COUNCIL MEMBER DEL BOSKY LAST QUESTION HERE.
YOU UNDERSTAND THAT THESE TWO BUILDINGS HAVE ASBESTOS IN IT? YES, SIR.
AND THE PRICE THAT, THAT'S GONNA BE FAIRLY EXPENSIVE.
UNLESS YOU DON'T TOUCH THAT WALL.
IT WANTS TO BE THAT'S WHAT WE'VE GOT A WALL COVERED UP AT OUR PLANT.
UM, I GUESS I HAD A FOLLOW AND I, I, I'VE GOTTA LET YOU GO MORE THAN 20 MINUTES 'CAUSE I CAN'T CLOSE OFF MY COUNCIL MEMBERS FROM ASKING QUESTIONS.
I HAD A FOLLOW UP FROM COUNCILWOMAN ADAM'S QUESTION REGARDING THE PHASES.
UM, DOING IT ALL TOGETHER IS IDEAL, UM, FOR ME AS WELL.
BUT I GUESS FINANCING WISE, UH, ARE THERE STILL SOME IS IS SOME THAT STILL IN QUESTION FOR YOU? I'M WONDERING IF THERE'S A POSSIBILITY THAT IT COULD END UP ONLY PORT PARTIALLY DONE WITH ANOTHER BUILDING KIND OF SITTING FOR A WHILE, WHICH WOULDN'T BE IDEAL, RIGHT? IF, IF NEED BE THE, THE BANQUET HALL WOULD BE NOT NECESSARY TO OPEN AND ACTUALLY HAVE EVENTS IN DAY ONE.
BUT I WOULD LIKE FOR IT TO BE OPEN.
AND I ALSO THINK THE BANQUETTE HALL GIVES US AN OPPORTUNITY FOR AN INDOOR LISTENING ROOM THAT ARE IN HIGH DEMAND, UH, RIGHT NOW.
SO THAT WOULD BE, THAT WOULD BE THE OLD LIBRARY BUILDING.
BUT I MEAN, AS FAR AS FINANCING THIS ENTIRE THING, UM, YOU, ARE YOU SAYING YOU FEEL CONFIDENT THAT YOU HAVE THE FINANCING THAT FINISHED OUT THIS WHOLE THING YOU PRESENTED IN ONE GO? YES.
UH, IT'S GOOD TO BE BACK HERE.
UM, MY NAME IS MICHAEL SALCEDO.
I'M THE PRESIDENT AND OWNER OF THE SALCEDO GROUP.
UM, MY PRIMARY BUSINESS IS A CIVIL ENGINEERING LAND SURVEYING COMPANY LOCATED IN DOWNTOWN GRAND PRAIRIE.
UH, I'M HERE REPRESENTING THE WEST END GATEWAY DEVELOPERS.
WE ARE A GROUP OF DEVELOPERS, UM, WITH TALENTS FROM ARCHITECTURE, ENGINEERING OWNERS, REPRESENTATION, PLANNING AND DEVELOPMENT.
AND WE'VE COME TOGETHER FOR THIS VERY IMPORTANT PROJECT.
SO, UM, SOME OF THIS INFORMATION, SOME OF YOU MAY HAVE ALREADY SEEN.
UH, SO THIS WILL BE A LITTLE BIT OF A, OF A, A REFRESHER FOR THOSE OF YOU WHO HAVE SEEN IT.
UM, SOME OF YOU HAVE NOT SEEN THIS INFORMATION, BUT WE HAVE ALSO UPDATED TO PROVIDE KIND OF AN UPDATE TO WHERE WE ARE TODAY, UH, BASED ON THE LAST TIME WE VISITED.
[00:30:01]
UH, I JUST WANNA TALK ABOUT MY TEAM A LITTLE BIT.SO, AGAIN, MY NAME IS MICHAEL SALCEDO.
UM, WE'RE VERY FORTUNATE TO BE ABLE TO WORK HERE IN DOWNTOWN GRAND PRAIRIE SINCE 2012.
UH, WE'VE WORKED WITH THE CITY OF GRAND PRAIRIE ON A NUMBER OF PUBLIC AND PRIVATE PROJECTS.
UM, MY ROLE IN THIS PROJECT IS THE PROJECT DIRECTOR.
UH, WE HAVE, UH, YNS DEVELOPMENT SERVICES.
UH, THEY WILL BE ONE OF OUR MULTI-FAMILY PARTNERS AND ARCHITECTURAL DESIGNERS.
I'M GONNA GO THROUGH SOME OF THEIR PROJECTS THAT THEY'VE WORKED ON.
UM, HERE IN SHORTLY, I'M JOINED WITH DEREK SALZER WITH THE SALZER DEVELOPMENT GROUP.
WHERE'S DEREK? UM, I'M GONNA GO THROUGH SOME OF HIS PROJECTS, UH, HERE IN A LITTLE BIT.
HE'S GONNA BE ONE OF OUR RETAIL PARTNERS.
UH, WE'LL BE ABLE TO TALK ABOUT HIS EXPERIENCE, UH, WORKING ON PROJECTS OF SIMILAR SCOPE AND SCALE.
UH, ALSO, UH, TRADE NEVILLE WITH, UH, GRAHAM LIMITED PARTNERS.
UH, GONNA GO THROUGH SOME OF HI, SOME OF HIS STUFF.
HE'S NOT HERE TONIGHT, UH, BUT HE'S A GREAT ASSET TO OUR TEAM.
AND LASTLY, I'M JOINED WITH, UH, BY CHRIS BRICKMAN WITH BRICKMAN HOMES AND CONSTRUCTION.
AND, UH, CHRIS WILL BE ONE OF OUR BUILDERS FOR THIS PROJECT.
LOCAL BUILDERS OUT OF GRAND PRAIRIE.
SO I'M GONNA TALK ABOUT SOME OF THE PROJECTS THAT WE'VE WORKED ON.
WE'VE BEEN VERY FORTUNATE TO HAVE A, JUST SOME GREAT PROJECTS TO SHARE WITH YOU.
UM, SO SOME OF THESE PROJECTS ARE OPEN, UH, PUBLIC SPACES.
THE FIRST ONE ON THE TOP RIGHT IS PACIFIC PLAZA IN DOWNTOWN DALLAS.
THIS IS A REPURPOSED ASPHALT PARKING LOT IN THE CENTER OF DOWNTOWN DALLAS THAT WAS TRANSFORMED INTO AN AWARD-WINNING PUBLIC SPACE, UH, JUST IN FRONT OF THE DALLAS MORNING NEWS.
UM, ON THE BOTTOM LEFT, I'M GONNA GO INTO MORE DETAIL, BUT THIS IS HAROLD SIMMONS PARK.
THIS IS A PROJECT THAT WE'RE DOING FOR THE TRINITY PARK CONSERVANCY.
WE'VE BEEN WORKING ON THIS SINCE 2017.
UH, THERE'S QUITE A BIT OF PRESS ABOUT THIS PROJECT, AND WE'RE VERY FORTUNATE TO WORK ON THIS PROJECT, AND I'M GONNA GIVE YOU A LITTLE BIT OF UPDATE ON THAT SHORTLY.
AND THEN, OF COURSE, UH, THE BUILDING THAT WE'RE SITTING IN, WHICH IS THE UPDATE OF CITY HALL.
UH, WE PARTNERED WITH THE CITY OF GRAND PRAIRIE, AND THIS WAS AWARDED THE PUBLIC PROJECT OF THE YEAR IN 2020, UH, BY ENR MAGAZINE FOR TEXAS AND LOUISIANA.
SO, SINCE WE'VE LAST TALKED, HAROLD SIMMONS PARK IS ONE OF THE LARGEST PUBLIC INFRASTRUCTURE PROJECTS IN ALL OF NORTH TEXAS.
THIS IS A PUBLIC PARK, GENERALLY LOCATED IN DALLAS FLOODWAY BETWEEN DOWNTOWN DALLAS AND WEST DALLAS.
UH, IF YOU CAN SEE THERE, IT'S, UH, KIND OF PINNED BETWEEN THE LEVIES AND THE TWO MARGARET BRIDGES.
UM, THERE'S BEEN A LOT OF PRESS ABOUT THIS PROJECT.
THERE'S GONNA BE MORE PRESS COMING UP OVER THE NEXT 18 TO 24 MONTHS.
UH, YOU CAN SEE THERE, DALLAS WARNING NEWS ARTICLE CAME OUT ABOUT IT AND REVEALED A $325 MILLION TRINITY RIVER PARK PROJECT.
UM, SO ZOOMING IN THAT, WELL, THERE'S DIFFERENT, IF YOU GUYS CAN SEE MY CURSOR HERE, THERE'S DIFFERENT GATEWAYS INTO THE PROJECT.
AND EACH ONE OF THESE IS, IS FANTASTIC.
UH, PARK, PARK AND PUBLIC SPACES AS WELL.
THIS IS THE FELIX EXOTIC GATEWAY IN FRONT OF TRINITY GROVES.
UH, THIS IS ON THE, THE GATEWAY ON THE CONTINENTAL BRIDGE.
UH, THIS IS THE RON KIRK BRIDGE GATEWAY BY THE DAWSON, UH, THE OLD DAWSON JAIL.
THIS IS, UH, GATEWAY ON THE, ON RIVERFRONT.
AND THEN THE MAIN GATEWAY, WHICH I'M GONNA GO INTO HERE MORE DETAIL, IS THE WEST OVERLOOK, UH, WHICH IS GENERALLY LOCATED AT BECKLEY AND COMMERCE IN WEST DALLAS.
SO THIS IS THE, THE WEST GATEWAY, THE WEST OVERLOOK GATEWAY.
AND THIS PARK IN ITSELF IS OVER 20 ACRES.
UM, IT'S GOT SOME AMAZING FEATURES.
THIS IS GONNA BE A WORLD CLASS FACILITY, HAVE EVENT SPACE, AS YOU CAN SEE HERE ON THE TOP RIGHT.
UM, IT WILL HAVE A REPURPOSED SHED THAT'S AS LONG AS THREE FOOTBALL FIELDS.
THIS IS AN OLD INDUSTRIAL STEEL FABRICATION COMPANY, UH, THAT'S GONNA BE REPURPOSED INTO A WORLD CLASS PUBLIC PARK SPLASH PADS, PLAYGROUNDS, EVENT SPACE, PUBLIC OPEN SPACE FREE PARK IS ONE OF THE MOST INCREDIBLE PROJECTS GOING ON RIGHT NOW IN NORTH TEXAS.
UH, AND I'M, THESE, THIS PROJECT IS BEING BROUGHT TO YOU BY THE SAME FOLKS THAT DID THE GATHERING PLACE IN TULSA, OKLAHOMA, AND THE BROOKLYN BRIDGE PARK IN BROOKLYN, NEW YORK.
AND I'M VERY PROUD TO SAY THAT SALCEDO GROUP IS THE ENGINEER OF RECORD FOR THIS PROJECT.
THE YNS DEVELOPMENT SERVICES, UH, IS ONE OF OUR MULTIFAMILY AND, UH, RETAIL PARTNERS.
THIS IS A PROJECT A COUPLE OF YEARS AGO WE TALKED TO YOU ABOUT PIER 3 34 AND THE CITY OF GUN BARREL CITY.
[00:35:01]
THIS IS A BOUTIQUE HILTON HOTEL AND MARINA LOCATED ON CEDAR CREEK LAKE.UM, SO SINCE THAT TIME, WE HAVE PROGRESSED THE DESIGN FORWARD.
ALL OF THE SITE ENGINEERING PLANNING AND DEVELOPMENT HAS BEEN COMPLETED.
ARCHITECTURE IS WELL UNDERWAY.
AND, UH, BIG DEAL HERE IS WE DID RECEIVE, UH, PUBLIC APPROVAL FROM THE CITY COUNCIL FOR THE PLAN DEVELOPMENT, SITE PLAN AND ALL THE ENGINEERING PLANS.
SO WE ARE WELL ON THE WAY, UH, TO MOVING FORWARD WITH THIS PROJECT.
IT'S GONNA BE A GREAT PROJECT, UH, TO THE GUN BARREL CITY AND CEDAR CREEK LAKE COMMUNITY.
THESE ARE SOME, UH, OF OUR RETAIL HOSPITALITY PROJECTS THAT WE'VE WORKED ON.
HOTEL REVEL IS A HOTEL IN THE MAGNOLIA DISTRICT, NEAR SOUTH SIDE IN FORT WORTH.
UH, IT'S BEEN OPEN FOR SEVERAL YEARS NOW.
PARKER COUNTY ICE HOUSE WAS BUILT OUT IN WILLOW PARK.
UH, MUSIC HALL, ZOLA'S PIZZA, UH, RELOCATED FROM OAK CLIFF INTO, UH, FORT WORTH.
AND, UH, THERE'S SPACE THERE YOU CAN SEE AT THE TOP.
UH, NOW SINCE THAT TIME, THIS IS ABOUT TWO YEARS AGO.
SINCE THAT TIME, WE HAVE CONTINUED TO WORK AND PROGRESS.
AND, UH, THIS IS A PROJECT WE TALKED ABOUT PREVIOUSLY, BUT, UH, IS NOW ALMOST UNDER, IS NOW ALMOST OPEN.
THE MONT IN FORT WORTH IS A SIX AND A HALF MILLION DOLLARS, UH, RETAIL AND RESTAURANT SPACE OUT ON EIGHT 20 IN WESTERN FORT WORTH.
IT'S NEARING COMPLETION AND SCHEDULED TO BE OPEN EARLY PART OF 2025.
I'M GONNA HAVE DEREK ALSER COME UP AND TALK TO YOU ABOUT, UH, SOME OF THE PROJECTS THAT HE'S WORKED ON.
I'M DEREK SAER, SAER DEVELOPMENT GROUP.
SUNNYVALE, TEXAS, NOT GRAND PRAIRIE, BUT IT WAS 17 YEARS AGO THAT WE MET.
I MET LOUIS AND MICHAEL, UH, WORKING ON THE WOODS UNITED METHODIST CHURCH IN SOUTH GRAND PRAIRIE, IF YOU'RE FAMILIAR WITH THAT.
THAT WAS THE FIRST TIME WE WORKED TOGETHER.
UH, OUR FIRM SPECIALIZES IN, UM, MIXED USE, UPSCALE, LIVE, WORK, PLAY, EAT AND ENTERTAIN KINDS OF SPACES.
IN THE UPPER RIGHT CORNER OF THIS PICTURE IS SUNNYVALE PARK SQUARE.
UH, IT'S A PROJECT THAT WAS COMPLETE IN 2019.
IT'S ONE THAT STARTED PLANNING IN 2017.
AND RASHAD SOMEWHERE BACK IN HERE WHEN HE WAS AT SUNNYVALE.
THE KINDA SPACES THAT WE DESIGN, BRING PEOPLE TOGETHER WITH OUTDOOR TURFED AREAS, WITH, UH, GAMES FOR KIDS, PATIO DINING, UH, UH, RESTAURANTS, COFFEE SHOPS, UH, RETAIL AND OFFICE, ALL ON THE SAME PROPERTY AND ENTERTAINMENT.
UH, TWO YEARS AGO WHEN WE LAST TALKED TO YOU, THE PROJECT ON THE LEFT WAS JUST ABOUT TO START.
AND THAT'S THE GATEWAY VILLAGE PROJECT IN MELISSA, TEXAS.
UM, THE CITY OF MELISSA HIRED US TO BE THEIR MASTER DEVELOPER TO DESIGN THEIR ENTIRE DOWNTOWN OF MELISSA, WHICH YOU PROBABLY THINK THERE ISN'T A DOWNTOWN MELISSA, RIGHT? MM-HMM
WELL, THERE WAS UNTIL A TORNADO BLEW IT AWAY IN 1921, AND THEN IT ALL BURNED DOWN AGAIN EIGHT YEARS LATER.
SO SINCE THEN, IT'S REALLY BEEN NOTHING DOWN THERE UNTIL WE STARTED THIS PROJECT CALLED GATEWAY VILLAGE.
AND IT'S AN ACE HARDWARE STORE, A TWO STORY OFFICE BUILDING, COUPLE OF RESTAURANTS, COFFEE SHOP, OUTDOOR, UH, ENTERTAINMENT, STAGE AREA, PATIO, DINING, ET CETERA.
IS THIS THE CLICKER? HOW DO YOU GO TO THE NEXT ONE? JUST CLICK.
UM, IT'S A PROGRESS, UM, PICTURE THERE.
IT WILL BE COMPLETE OCTOBER 1ST OF THIS YEAR.
UM, ALREADY 50% PRE-LEASED BEFORE IT WAS EVEN FINISHED.
IF YOU'VE BEEN TO MELISSA, YOU'RE PROBABLY NOT SURPRISED ACROSS THE STREET FROM THE PROJECT YOU JUST SAW WILL BE OUR NEXT PHASE OF THIS PROJECT.
AND IT WILL HAVE RESIDENTIAL, UH, COMPONENT TO IT.
UM, THIS IS, THIS WAS IN BISHOP ARTS, BUT WHAT WE WOULD PROPOSE TO DO IN MELISSA WOULD BE MORE HISTORIC AND, UH, LOOK LIKE IT'S BEEN THERE A LONG TIME.
AND I KNOW OUR, OUR PARTNERS WHO WORK ON THE MULTIFAMILY PROJECTS, THEY TAILOR WHAT THEY DO TO THE ACTUAL MARKET AND TO, YOU KNOW, GRAND PRAIRIE.
IT WOULDN'T JUST BE A COOKIE CUTTER, UH, PROJECT WHERE THEY WILL JUST STAMP SOMETHING OUT THAT THEY'VE DONE BEFORE.
UH, THIS IS THE TOWN COMPANIES, WHICH IS OUR, ONE OF OUR MULTIFAMILY DEVELOPER PARTNERS.
THESE ARE JUST SOME OF THEIR, SOME OF THE EXAMPLES OF PROJECTS THAT THEY'VE DONE, UM, AROUND THE METROPLEX
[00:40:03]
AS PART OF OUR TEAM, A BIG PART OF OUR TEAM, INCLUDING MYSELF, IS TO REALLY TAP INTO THE LOCAL TALENT, THE LOCAL RESOURCES THAT WE HAVE HERE IN GRAND PRAIRIE.AND, UH, THERE'S A LOT OF TALENT HERE IN THIS ROOM.
UM, THERE'S, THERE'S A LOT OF TALENT.
UM, AND SO WHAT WE WOULD LIKE TO DO IS TO LEAN ON OUR TALENTED NEIGHBORS AND FRIENDS AND, UH, TO BRING THEM IN AS A PART OF THIS PROJECT.
UH, SO CHRIS BRICKMAN AND HIS GROUP, THEY'VE BUILT, UM, AT LAST COUNT OVER 45 HOUSES IN THE, THE GREATER GRAND PRAIRIE AREA.
HE'S BUILDING HOUSES ALL IN, CONSTANTLY IN GRAND PRAIRIE.
AND HE'S GOT A BUNCH OF HOUSES GOING IN IN VENUS RIGHT NOW.
UH, AND HE'S ABOUT TO START A, A BIG PROJECT HERE WITH THE CITY OF GRAND PRAIRIE.
MY UNDERSTANDING IS OVER ON THIRD STREET, UH, WHERE HE, HE'S GONNA BE DOING A HANDFUL OF 20 OR SO, UH, LOTS THERE AS WELL, UH, POTENTIALLY.
SO, UH, WE ARE, UH, PROUD TO TAP INTO OUR LOCAL RESOURCES AND BRING THEM INTO THIS PROJECT.
UM, WE WANT TO CONTINUE TO DO THAT THROUGHOUT THE REST OF THIS.
UH, THIS, THIS PROJECT, SO THIS IS A BRING LOOKING MORE SPECIFICALLY AT THE, UH, THE PROJECT AREA.
YOU CAN SEE HERE EVERYTHING IN BLUE IS THE DOWNTOWN MASTER PLANNED AREA.
UH, WHAT'S IMPORTANT TO NOTE HERE IS THAT MY PROPERTY IS 4 0 1 COLLEGE STREET, WHICH IS HIGHLIGHTED IN RED.
UM, MY PROPERTY, I THINK, HAS VALUE TO THE PROJECT, UH, IN THAT IT ALLOWS THE PROJECT AREA TO BE EXPANDED ALL THE WAY TO COLLEGE STREET.
AND IT'S ALSO SITTING ON A HARD CORNER RIGHT THERE AT FOURTH AND COLLEGE STREET.
AND SO THIS IS A, A PICTURE THAT WE'VE SHOWN BEFORE, BUT I'M GONNA GO THROUGH IT AGAIN.
UM, NOW THIS IS OUR FIRST KIND OF STAB AT WHAT THE DOWNTOWN AREA COULD LOOK LIKE.
UM, SO WHAT WE HAVE HERE IS A DESIGN THAT TRANSITIONS THE DENSITY FROM THE HARD MUNICIPAL, UM, USES ON THE RIGHT HAND SIDE OF THE SCREEN THROUGH RETAIL, RESTAURANT, RESIDENTIAL.
AND AS YOU TRANSITION INTO THE SINGLE FAMILY NEIGHBORHOODS, THE DENSITY TRANSITIONS DOWN AND STEPS DOWN TO, UH, DETACHED TOWN HOMES AND, UH, LIVE WORK CONDOS.
UH, SO THIS IS BECOMES A TRANSITION ZONE FOR A DENSITY, UH, FROM THE DOWNTOWN AREA BACK INTO THE RESIDENTIAL NEIGHBORHOOD THAT IT ATTACHES TO.
AND WE THINK THAT IS A GOOD GATEWAY INTO THE RESIDENTIAL NEIGHBORHOOD.
UM, A BIG PART OF OUR PROJECT IS TO CREATE PEDESTRIAN FRIENDLY SPACES ALONG THE STREETS IN ALLEYS CREATE, UH, PUBLIC SPACES, OPEN SPACES, PLAZAS, COURTYARDS, POCKETS, NOOKS.
WE WANT PEOPLE TO COME INTO DOWNTOWN TO GRAB A CUP OF COFFEE, TO MEANDER AROUND, UH, WALK AROUND, HANG OUT, GO SHOPPING, UH, SIT DOWN, HAVE A MEAL.
UM, AND SO WE THINK THAT THIS, UH, DESIGN, OR A DESIGN SIMILAR TO THIS WILL ALLOW PEOPLE TO, UH, TO MEANDER THROUGH DOWNTOWN, UH, WHICH WE THINK WILL ULTIMATELY HELP, UH, SUCCESS, HELP HELP THESE BUSINESSES BE SUCCESSFUL, UM, THAT ARE POTENTIALLY COMING IN HERE.
THESE ARE SOME OF THE INSPIRATION IMAGES THAT WE HAVE.
UM, AGAIN, WE'RE FOCUSING ON A PEDESTRIAN FRIENDLY NEIGHBORHOODS.
UH, BIG PART OF OUR DESIGN IS WALKABILITY.
SO THERE'S A, A STREET CONCEPT CALLED A WOUNDER, UH, STREET CONCEPT WHERE THIS IS A PEDESTRIAN DOMINATED STREET DESIGN.
UM, IT ALLOWS PEOPLE TO EASILY NAVIGATE ACROSS THE STREET AND, UH, AND MAKES PEOPLE FEEL COMFORTABLE TO MOVE AROUND.
WE HAVE, WE WANT TO INCORPORATE OPEN SPACE, PUBLIC PLAZAS, PUBLIC SPACES, UH, POTENTIALLY SOME MUSIC VENUES.
UM, WE THINK THERE'S AN OPPORTUNITY FOR PEOPLE TO, UM, SPEND, SPEND TIME HERE.
UH, WE WANT, YOU KNOW, AND TO HAVE THE, THE BUSINESSES, UH, UM, TAKE ADVANTAGE OF THE, OF THE ATMOSPHERE.
THIS IS A SNAPSHOT OF, OF, UM, YOU KNOW, OF, OF THE ANNEX BUILDING.
AND SO WHAT WE'RE THINKING HERE IS THAT WE CAN KEEP SOME OF THE ARCHITECTURE UP IN THE FRONT FACING MAIN STREET, UM, KEEP THOSE EXISTING COLONNADE FEATURES AND INCORPORATE THOSE INTO THE DESIGN.
I'M GONNA GO BACK SLIGHTLY AND WHAT YOU'LL SEE HERE IS THE EXISTING FACADE IS MAINTAINED.
WE OPEN UP THE BUILDING AND, UH, CREATE A SECOND FRONT DOOR TO MORE RETAIL AND ADDITIONAL PEDESTRIAN, UH, ALLEYWAY BACK HERE, WHICH, WHICH ALLOWS PEOPLE
[00:45:01]
TO KIND OF, UH, FLOW THROUGH THE SPACE BACK INTO THE PUBLIC SPACE.OKAY, THIS IS MY OFFICE LOCATED AT 4 0 1 COLLEGE STREET.
UH, VERY, REALLY HAPPY TO BE A GRAND PRAIRIE BUSINESS.
UM, WE'RE FORTUNATE ENOUGH TO EXPAND OUR BUSINESS TO, TO NEED, UM, A LARGER OFFICE SPACE.
AND SO WE, WE WERE ABLE TO PURCHASE THIS BUILDING IN 2017.
IT'S BEEN A GREAT BUILDING FOR US.
UH, WE THINK IT WOULD BE A EXCELLENT, UH, PIECE TO THE PUZZLE FOR THIS PROJECT.
UM, WE ALSO THINK IT WOULD BE A GREAT, UH, PROJECT OFFICE FOR PLANNING AND CONSTRUCTION DURING CONSTRUCTION.
SO, UH, WHAT I WOULD LIKE TO SAY IS THAT WE ARE A, A LOCAL ASSET.
WE WANT TO SEE A SUCCESSFUL DOWNTOWN.
WE WANT BE A PARTNER WITH THE CITY IN WHATEVER CAPACITY THAT MAY BE.
UM, WE THINK THAT WE BRING A LOT OF VALUE TO THE TEAM.
WE HAVE SKILL, WE'VE SHOWN YOU A LOT OF PROJECTS THAT WE PLAN, DESIGN, AND DELIVER ON A REGULAR BASIS.
AND ALL OF THAT WORK IS BEING DONE RIGHT HERE IN DOWNTOWN GRAND PRAIRIE.
UM, ANYBODY HAVE ANY QUESTIONS OR COMMENTS FOR YOU? COUNCIL MEMBER JOHNSON, THANK YOU FOR YOUR PRESENTATION.
UH, YEAH, I REMEMBER THIS FROM THE LAST TIME AS WELL.
UM, WHAT'S YOUR ASK FOR THE CITY? WHAT ARE YOU ASKING THE CITY TO HELP YOU? ARE YOU FUNDING THIS 100% BY YOURSELF? NO TAXPAYER DOLLARS.
I THINK THAT THIS IS A COMPLICATED PROJECT AND I THINK THAT WE WOULD NEED TIME TO SIT DOWN WITH THE CITY AND FIGURE OUT WHAT THAT PARTNERSHIP LOOKS LIKE.
AND RIGHT NOW MY ASK IF WE ARE LUCKY ENOUGH TO BE SELECTED, WOULD TO BE, UH, TO HAVE A SHORT SHOCK CLOCK WHERE WE CAN SIT DOWN WITH THE CITY AND NEGOTIATE THE OUTLINE OF A, OF AN AGREEMENT.
UM, WHERE, YOU KNOW, I WOULD PROVIDE YOU WITH MY ASKS AND YOU WOULD PROVIDE ME WITH YOURS IN A SHORT PERIOD OF TIME.
AND IF WE CAN COME TO AN AGREEMENT IN THAT SHORT SHOT CLOCK, THEN WE CAN PROCEED FORWARD.
YOU GOT THREE SECONDS BALL'S IN YOUR COURT.
WHAT YOU GONNA DO? WHAT'S YOUR NUMBER? YEAH, IT'S JUST TWO AT YOUR LAST PRESENTATIONS, YOU, YOU, YOU PROVIDED NUMBERS.
WELL, THOSE NUMBERS ARE STILL AVAILABLE TO YOU, BUT THOSE ARE TWO YEARS OLD.
AND I WAS HOPING TO HEAR FROM EACH PRESENTATION TONIGHT WHAT THE NUMBERS WERE BECAUSE AS THE COUNTS AS A WHOLE, WE HAVE TO CONSIDER THAT.
SO YOU WERE SPEAKING OF A SHORT SHOT CLOCK, IT'S BEEN EXPENDED TO ANOTHER 30 SECONDS IN WHICH THAT'S ANOTHER TWO HOURS ON ANY BASKETBALL FOOTBALL GAME BECAUSE WE GOTTA GO BACK AND LOOK AT THE NUMBERS.
SO I WAS HOPING TO HAVE A HANDOUT TONIGHT FROM EACH PRESENTATION WITH THE NUMBER SO I CAN ANALYZE IT MYSELF.
SO RIGHT NOW YOU'RE SAYING WE JUST GOT TO WAIT UNTIL IF WE'RE LUCKY ENOUGH TO TIME OUT, IF WE'RE LUCKY ENOUGH TO BE SELECTED, THEN WE WILL PROVIDE YOU.
SO WOULD YOU WANT US TO MAKE A DECISION NOT KNOWING WHAT THE FIGURES WILL BE? IT IS AT YOUR DISCRETION.
I THINK YOU CAN MAKE IT MAKE YOUR DECISION HOWEVER YOU THINK FEELS.
I THINK IN THE PAST WHAT WE'VE DONE, COUNCIL MEMBER JOHNSON, WE'VE CHOSEN THE PATH AND NEGOTIATED A DEVELOPER'S AGREEMENT WITH THE ASK AND THE NEGOTIATIONS BEFORE WE WE'RE NOT GONNA PICK A FIRM NEGOTIATED DEVELOPER'S AGREEMENT.
TONIGHT WE'RE GOING TO TRY TO PICK SOMEBODY WE WANT TO GO DOWN THAT PATH WITH.
UM, IF YOU GO BACK TO THE FIREHOUSE, ORIGINALLY, THE FIRST PATH WE CHOSE, UH, DIDN'T WORK OUT.
A COUNCIL MEMBER SHOTWELL WAS ON THE COUNCIL AT THAT TIME.
IT WAS WITH
AND, UH, IT BECAME APPARENT WE WEREN'T GONNA BE ABLE TO WORK A DEAL OUT.
AND SO THESE ARE GONNA HAVE TO BE A NEGOTIATED 'CAUSE HE'S GOTTA KNOW EXACTLY HOW MANY UNITS WE WANT THAT CHANGED THAT.
SO I CAN UNDERSTAND WHY WE'RE NOT GONNA GET ANY MM-HMM
I'M NOT LOOKING FOR FIRMS, BUT IT ALSO, OR, OR EVEN KIND OF A BALLPARK.
UM, I, I, I WISH WE COULD, BUT I DON'T KNOW THAT THAT WILL HELP US MAKE A DECISION.
WE HAVEN'T DECIDED FOR SURE WHAT WE'RE GONNA DO YET.
SO IT MAKES, I'M CONCERNED WITH IT.
WE HAD TWICE GONE DOWN THIS PATH AND WE NEVER GOT TO, TO THE POINT TO NEGOTIATE AT THE TABLE WITH ANYONE.
SO HOW, OR WE GOING TO GET TO THE TABLE TO DISCUSS IT WITH WHOMEVER, WHETHER IF IT'S CITY, IF IT'S CITY.
[00:50:01]
A SHORT WALK ACROSS THE STREET, SO YOU CAN JUST, WE CAN, WE CAN BE, YEAH, I DON I DON'T LIVE, I DON'T WORK DOWN HERE.SO IT WOULD HAVE TO BE THE STAFF.
SO I'M JUST TRYING TO FIGURE OUT WHAT'S THE DIFFERENCE, WHAT'S THE DIFFERENCE FROM TRYING TO GET TO, UH, A YES WITH THEM WITHIN THE NUMBERS THAN THE LAST TWO TIMES.
WE DIDN'T EVEN HAVE THAT DISCUSSION TO SEE WHAT THE NUMBERS WERE.
THAT'S THE ONLY POINT I WANNA MAKE.
THANK YOU COUNCIL MEMBER LOPEZ.
MICHAEL, I APPRECIATE THE PRESENTATION.
JUST LOOKING AT IT, AND MAYBE I'M JUST MISREADING IT, BUT IT KIND OF LOOKS DIFFERENT FROM LAST TIME.
AM I CORRECT ON THAT? SOME PARTS OF IT? OR IS IT EXACTLY THE SAME? UH, NO, I THINK MOST OF IT IS THE SAME THAT MAYBE COLOR TOUCHUPS AND STUFF.
I JUST DON'T RECALL THAT MUCH ALONG MAIN STREET.
I MEAN, THAT'S, THAT'S THE PART, I MEAN, THAT, THAT REALLY LOOKS A LITTLE BIT DIFFERENT TO ME.
I THINK MAYBE IT WAS PART OF THE DISCUSSION.
MAYBE YOU WERE JUST TALKING ABOUT DOING APARTMENTS IN THE HOUSING AT ONE TIME AND NOTHING OFF OF MAIN STREET.
SO, UM, YOU KNOW, I COULD GO BACK AT MY NOTES AND, AND, AND LOOK AT THAT.
BUT YEAH, I JUST, WHAT I WANTED TO SAY IS THAT, YOU KNOW, THERE'S A LOT OF RETAIL AND, AND RESTAURANTS, WHICH IS GREAT.
I MEAN, THAT'S WHAT DOWNTOWN'S LOOKING FOR.
UM, BUT ANOTHER THING, JUST LIKE, UM, COUNCILMAN DEKA MENTIONED PARKING, YOU KNOW, A A VISION AROUND PARKING AND, AND, AND UNDERSTANDING WHAT THAT MIGHT LOOK LIKE IN THIS PLAN.
IF, IF YOU COULD ADDRESS THAT FOR ALL THE RETAIL PEOPLE.
I, I THINK A PROJECT OF THIS SCALE AND SCOPE WARRANTS A GARAGE, AND SO WE HAVE ONE DRAWN, UM, WE THINK THAT THAT GARAGE CAN BE PARTLY USED FOR PUBLIC USE.
UM, SO THAT IT BE A RAT BUILDING WITH THE GARAGE IN THE MIDDLE.
AND, AND TO BE HONEST, I MEAN THAT I, WHAT WE HAVE HERE, I THINK WOULD BE THE BEGINNING OF THE CONVERSATION.
UM, I COULD POTENTIALLY SEE THIS BIG BUILDING GETTING BROKEN UP INTO SMALLER PIECES.
UM, SO IT'S NOT NECESSARILY A WRAP, UM, BUT SOME SORT OF INTEGRATED PARKING IN THE PROJECT WOULD BE PART OF IT.
YEAH, JUST, I MEAN, DEFINITELY PART CAR, PART OF CONVERSATIONS ON THAT PART.
UM, YOU, YOU DID MENTION THE HOUSING PORTION OF IT AND YOU DID MENTION THE 31 HOUSES, YOU KNOW, THAT, THAT THE, YOUR, YOUR DEVELOPERS WORKING WITH.
WOULD THESE HOUSES BE PRICED LIKE THOSE 31 HOUSES OR WOULD THEY BE MARKET PRICE? UH, THAT'S PART OF WHAT WE WOULD NEED TO TALK TO THE CITY ABOUT.
WE WANT TO EXPLORE AND UNDERSTAND THE CITY'S INCENTIVE PROGRAMS, UH, AND SEE HOW WE CAN, UH, MAKE THIS THE MOST AFFORDABLE, UH, BEST VALUE FOR THE CITY OF SIN GRAND PRAIRIE.
YEAH, THAT'D BE SOMETHING TO JUST START THINKING ABOUT.
'CAUSE I'D BE INTERESTED BECAUSE THOSE PRICE POINTS ARE A LITTLE BIT DIFFERENT OF WHAT'S, WHAT'S BEING BUILT I CAN DIAL WITH IN OTHER PARTS OF THE CITY TO THOSE 31 LOTS THAT WE'RE TRYING TO BUILD TO GET PEOPLE INSIDE HOMES THAT MEET CERTAIN INCOME.
SO I'M JUST CURIOUS ON THAT PART SO Y'ALL COULD BE PREPARED TO ANSWER THAT QUESTION FOR ME.
UM, IN ADDITION TO THAT, UM, ARE YOU ALSO OPEN, SAY THE CITY WANTS TO TAKE PORTIONS OF, OF YOUR PLAN, BUT THEN WE GOT DIFFERENT IDEAS TO DO IT.
ARE YOU OPEN TO THE IDEA OF OF, OF COLLABORATING WITH OTHERS, OR ARE YOU, IT IS JUST, I WANT IT ALL AND THEN YOU'RE THE MASTER DEVELOPER AND THEN EVERYBODY ELSE JUST GOES UNDER YOU? NO, WE, WE ARE DEFINITELY, UH, OPEN TO PARTNERING WITH THE CITY IN WHATEVER CAPACITY YOU FIND.
UM, WE THINK THAT WE BRING GREAT VALUE TO THIS PROJECT.
AGAIN, OUR, OUR PROPERTY IS STRATEGICALLY LOCATED.
WE THINK OUR PROPERTY BRINGS GREAT VALUE, OUR SKILLSET, UH, THE LOCAL TALENT, THE LOCAL RESOURCES WE HAVE HERE.
UM, WE DEFINITELY, UH, ARE FLEXIBLE WITH HOW WE CAN PARTICIPATE AND HELP THE CITY.
SO WE KNOW THE CITY, WE'RE GOING TO TAKE A ROAD, BUT ARE YOU WANTING TO BE THE MAIN QUARTERBACK FOR THIS WHOLE AREA TO MAKE THE, THE PROJECT WORK IN YOUR VISION WORK? OR ARE YOU WILLING TO BE, HAVE BACKUP QUARTERBACKS AND, AND SLOT RECEIVER AND YEAH.
YOU KNOW, PRACTICE TEAM OR WHATEVER, BUT I'M JUST CURIOUS IF YOU WANT, WE, UH, WE WE'RE OPEN TO ANY ROLE THAT YOU, UH, YOU KNOW, WE'RE OPEN TO DISCUSSING ANY ROLE THAT YOU WOULD FIND FOR US.
COUNCIL MEMBER HEAD, UH, THANK YOU FOR THE PRESENTATION.
SO, UH, ONE OF THE DISCUSSIONS WE'VE BEEN HAVING A LOT IS ABOUT RETAIL.
YOU USE THE WORD MEANDERING, WHICH WE LIKE.
UM, HOWEVER, WE HAVE TO BE CAREFUL ABOUT HOW WE DO IT TO ACHIEVE THE GOAL.
UM, WE'VE DISCUSSED IN SOME OF OUR OTHER MEETINGS, OTHER COMMUNITIES WHERE THEIR DOWNTOWN OR MAIN STREET HAS INDEPENDENT BUSINESSES.
UM, MCKINNEY'S A REFERENCE I USE, THEY HAVE HAVE A, AS A PLAN, UH, FOR THEIR CITY.
[00:55:01]
THEY DON'T HAVE ANYTHING ON THEIR, UH, MAIN STRIP THAT HAS LIKE THREE OR MORE OR LOCATIONS.SO IT'S ONLY ONE OFF OR JUST VERY FEW LOCATIONS.
SO THAT THOSE VISITORS ARE GETTING A REALLY UNIQUE EXPERIENCE.
I KNOW THAT SOMETIMES WHEN THESE PLACES ARE DIVVIED UP AND THE SPACES ARE A LITTLE LARGER, THAT DOES DICTATE THE TYPE OF RETAILER YOU CAN GET.
WE REALLY WANT OUR SMALLEST BUSINESSES TO BE ABLE TO COME IN AND PARTICIPATE.
AND I'M NOT SURE HOW YOU GUYS PLAN TO APPROACH THE RETAIL ASPECT.
UM, ONE OF THE OTHER IDEAS THAT CAME UP, UH, AT A PREVIOUS CITY MEETING IS THE IDEA OF SPACES THAT HAVE MULTIPLE VENDORS IN A SINGLE SPACE SO THAT YOU CAN ATTRACT A DIFFERENT KIND OF RETAIL BECAUSE NOT EVERYONE WANTS TO RENT OUT, YOU KNOW, A 2000 SQUARE FOOT SPACE, FOR INSTANCE.
SO HOW IS IT THAT YOU GUYS WOULD APPROACH RETAIL SUCH THAT OUR SMALLER GRAND PRAIRIE BUSINESSES COULD HAVE A PRESENCE? AND WOULD YOU BE OPEN TO SPACES? UM, THERE'S, UM, A FRANCHISE CALLED THE PAINTED TREE.
THERE HAVE SEVERAL LOCATIONS IN TEXAS WHERE THEY'VE HAD THESE MASSIVE SPACES, LIKE A HUNDRED VENDORS IN IT.
SO HOW COULD YOU, HOW DO YOU PLAN TO TAP INTO, I DON'T KNOW IF THAT'S, UH, MR. SELTZER, UH, OUR SMALLEST LOCAL BUSINESS OWNERS.
UH, I'M GONNA LET DERRICK COME OVER HERE AND CHIME IN, BUT BEFORE HE DOES, I WANNA SAY THAT I AM A SMALL BUSINESS OWNER.
SO SMALL BUSINESSES IS INHERENT TO ME.
THERE'S ONLY ONE EDDO GROUP THAT WE'RE NOT A BRAND, WE'RE NOT A FRANCHISE.
UM, SO WE DEFINITELY WANT TO HELP AND, UH, PROVIDE INCUBATION FOR SMALL BUSINESSES.
UM, WHEN YOU TALK ABOUT THE, UM, YOU KNOW, SPACES THAT ARE SET UP FOR A LOT OF DIFFERENT SMALL BUSINESSES, I'M THINKING OF SOMETHING LIKE TYLER STATION IN OAK CLIFF.
UM, THEY HAVE LOTS OF DIFFERENT VENDORS THAT, THAT COME IN AND THEY CAN, UH, RENT SPACE AND, AND MAKE IT EASIER, UH, AS A BUSINESS INCUBATION.
YOU KNOW, THAT PLAN WAS DONE BY OUR ARCHITECT PARTNER, KEN KILLIAN, AND HE'S NOT HERE TONIGHT TO TO TALK ABOUT IT, BUT I THINK IF HE WERE HERE, HE WOULD SAY IT'S ABOUT FLEXIBILITY.
AND I THINK THE KINDS OF RETAIL YOU'RE TALKING ABOUT COULD EASILY BE INTEGRATED INTO THIS.
UH, THIS IS A TOTALLY BUILT OUT LOOKING PLAN HERE.
THIS IS NOT GONNA BE THE WAY IT LOOKS DAY ONE IN MY MIND.
I THINK IT ORGANICALLY GROWS INTO THIS IN MULTI, UH, MULTIPLE PHASES.
UH, YOU MENTIONED DOWNTOWN MCKINNEY.
UH, IT WASN'T ALWAYS WHAT IT IS TODAY, AND IT HAS GROWN OUT RADIALLY AROUND THAT SQUARE OVER THE YEARS, UM, AS IT, AS DEMAND CALLED FOR IT.
AND OF COURSE THEY HAVE PARKING GARAGES THERE NOW AND ALL SORTS OF THINGS.
UH, SO TO PREPARE THE INFRASTRUCTURE FOR GROWTH TO MAKE IT LOOK LIKE THAT IT'S COMPLETED EVERY PHASE, IT WOULD BE WHAT I WOULD SUGGEST SO THAT IT DOESN'T LOOK IF, IF THE MARKET SAYS I JUST, WE JUST NEED TWO STREETS OF RETAIL OR ONE STREET, UM, THAT IT'S GOING TO LOOK FINISHED.
JUST IF THAT'S ALL THE, ALL THAT WE BUILD.
THANK YOU MAYOR PRO, TIM CLEMSON.
AND THANK YOU GENTLEMEN, OUTSTANDING PRESENTATION.
AND FIRST OF ALL, I'D LIKE TO SAY CONGRATULATIONS ON THE SUCCESSFUL PROJECTS THAT YOU SHARED WITH US TODAY.
AND SECOND OF ALL, THANK YOU FOR BEING IN GRAND PRAIRIE.
WE'RE VERY GLAD TO HAVE YOU IN GRAND PRAIRIE, TEXAS, AND THANK YOU.
AND, UM, ACTUALLY COUNCILMAN LOPEZ ALLUDED TO THIS, BUT IF YOU WERE SELECTED TO WORK ON THIS PROJECT, TO DO THIS PROJECT, YOU WOULD BE OPEN, SAY FOR INSTANCE, TO WORKING WITH JASON AND CARLY IF THEY, IF THEY WERE SELECTED TO, UM, DO THE ANNEX PROJECT.
YES, I THINK THERE'S, THERE'S ROOM FOR ALL OF US TO FIGURE THIS OUT.
AGAIN, IT'S A COMPLICATED PROJECT.
UM, I THINK THAT WE SHOULD, YOU KNOW, WE CAN SIT DOWN AND ALL DISCUSS IT AND FIGURE OUT HOW WE CAN WORK TOGETHER.
UH, LIKE I SAID, THERE'S A LOT, LOT OF TALENTED PEOPLE HERE IN GRAND PRAIRIE.
UM, WE GOT TALENTED PEOPLE HERE.
WE HAVE TALENTED PEOPLE WITH MR. BRICKMAN.
UM, AND SO WE WANT TO USE THAT TALENT HERE IN GRAND PRAIRIE.
UH, MISS GEORGIA STOLE PART OF MY THUNDER THERE.
I WAS GONNA ASK, WOULD YOU GUYS BE LOOKING AT, LOOK AT THIS, IF THE ANNEX AREA WAS CARVED OUT OF IT.
THAT WOULD BE, AND I DON'T KNOW IF THE COUNCIL WOULD WANT TO GO WITH TWO PEOPLE OR NOT, BUT JUST WOULD YOU GUYS LOOK AT IT IF THAT BUILDING AREA WAS CARVED OUT OF IT? UH, AGAIN, WE'RE
[01:00:01]
OPEN TO DIFFERENT SCENARIOS.I THINK THERE'S AN UNLIMITED WAY THAT YOU COULD CARVE THIS THING AND CUT IT UP.
I THOUGHT YOU MIGHT SAY THAT YOU AND I, MIKE, WE LOOKED AT SOME KIND OF PROJECTS, AND IT MAY HAVE BEEN THE ONE IN SUNNYVALE, WHAT, FOUR OR FIVE YEARS AGO WHEN WE WERE WORKING ON A, ON A TOWNHOUSE PROJECT.
AND WE LOOKED AT SOME STUFF ABOUT THIS, AND I THINK IT WAS THE SUNNYVALE ONE, PROBABLY COULDN'T.
UM, WHAT I WANT TO SEE IN DOWNTOWN PEOPLE, WE'VE GOT TO HAVE SOME RESIDENTIAL, WE GOTTA HAVE A BIG RESIDENTIAL PART OF THIS.
NONE OF THE BUSINESSES ARE GOING TO EXIST ON PEOPLE DRIVING HERE.
UH, THEY'RE JUST NOT GONNA MAKE IT.
GRAND PRAIRIE IS NOT A BIG DESTINATION POINT.
IT COULD BE, BUT THAT'S A LONG WAY IN THE FUTURE.
BUT IF WE'VE GOT PEOPLE HERE ALREADY, THEY'RE GOING TO KEEP THINGS WORKING.
I LIKE THE IDEA OF THE, WHAT RESIDENTIAL YOU'VE GOT IN THIS.
I'VE ALWAYS BELIEVED IN WHAT SHOULD HAPPEN WITH THE OLD CALVARY LOT IS RETAIL COMMUNITY SERVICE DOWNSTAIRS AND RESIDENTIAL UPSTAIRS.
THAT LOOKS LIKE WHAT YOUR PLAN IS.
UM, AND BUFFERING IT OFF INTO THE NEIGHBORHOOD IS GOOD TOO.
YOU DON'T, I WOULDN'T WANNA PUT APARTMENTS RIGHT UP AGAINST THE BACKYARD OF THE PEOPLE THAT ARE NEXT DOOR TO YOUR BUILDING NOW.
UM, I LIKE, I LIKE A LOT OF WHAT I SEE.
UM, YOU BRING SOME GOOD PEOPLE TO THE TABLE.
UM, I, I'M IMPRESSED WITH THIS QUITE, I THINK THERE'S A LOT OF, IT COULD BE TWEAKED AND I'M GLAD TO HEAR THAT YOU'RE WILLING TO TWEAK.
UH, WE GET BACK TO THE MONEY THING, ALWAYS.
AND WOULD YOU GUYS BE LOOKING AT JUST BEING MASTER DEVELOPERS, DEVELOP IT AND WALK AWAY, OR WOULD YOU WANT TO STAY INVOLVED IN THE LEASING AND RENTING? OR WOULD YOU JUST DEVELOP, SELL, WANT TO DEVELOP, SELL AND WALK AWAY? NO, I, I THINK THERE'S DIFFERENT MODELS, BUT THIS IS PROBABLY GONNA END UP, UH, WITH A PROPERTY MANAGEMENT COMPANY THAT WOULD, UH, MANAGE IT FOR THE LONG TERM.
UM, AND UH, YEAH, THERE'S DIFFERENT FINANCIAL MODELS TO, YOU KNOW, LONG-TERM HOLDS AND SHORT TERM HOLDS AND ALL THAT STUFF.
BUT I'M NOT, YOU KNOW, THE LONG-TERM HOLD IS, IS WHERE I WOULD BE AT.
SO TO RESTATE THAT, YOU WOULD BE THE OWNER, BUT YOU'D HIRE A PROJECT, YOU'D, YOU'D HIRE SOMEBODY TO RUN IT.
COMPANY PROPERTY MANAGEMENT TO LEASE IT AND RUN THE, THE MULTIFAMILY PORTION.
WELL, AND, AND THE REST OF IT TOO, WOULD YOU BE LOOKING AT BUYING THE PROPERTY FROM THE CITY, DEVELOP IT OUT AND RE AND SELL IT TO SOMEBODY ELSE? OR WOULD YOU WANNA BUY IT AND, AND HANG ONTO IT AND BE THE OWNERS OF IT? ALL THOSE OPTIONS? YEAH, AGAIN, ALL THOSE, LIKE I SAID, IS A VERY COMPLICATED PROJECT, COMPLICATED PROJECT.
AND I THINK WE'D HAVE TO GET INTO THE DETAILS ON THAT IN, IN THAT SHORT SHOCK CLOCK WINDOW.
WELL, THAT'S, THAT'S SOMETHING THAT'S IMPORTANT BE TO ME ANYWAY, BECAUSE I'M, I WORRY ABOUT FLIPPING AND ESPECIALLY WITH RESIDENTIAL AND WITH THE STUPID LAW THAT THE STATE HAS ON THE BOOKS RIGHT NOW OF APARTMENTS AND HOUSING FINANCE CORPORATIONS.
UH, AND THEN I WORRY, WORRY A LITTLE BIT ABOUT IT WITH RETAIL.
I LIKE THE IDEA OF PEOPLE BEING ABLE TO BUY PIECES OF BUILDINGS, BUT THEN AGAIN, I DON'T LIKE IT ON THE OTHER HAND UNLESS THEY KEEP 'EM AND HOLD ONTO 'EM.
SO THAT'S SOME THINGS THAT WOULD HAVE TO COME UP IN THE NEGOTIATIONS LATER ON.
BUT I THINK IT'S SOMETHING THAT YOU WOULD REALLY NEED TO HAVE AN ANSWER FOR IN YOUR REALLY QUICK SHOT CLOCK.
EVERY ONE OF 'EM WILL HAVE TO ANSWER THAT IN A REALLY QUICK SHOT CLOCK.
UH, AGAIN, I'M NOT GOING TO BYPASS ANYBODY, BUT IT'S 35, 34.
COUNCIL MEMBER LOPEZ, JUST A QUICK QUESTION.
YOU MENTIONED THAT ON DAY ONE IT WON'T BE ALL BUILT OUT.
SOME OF OUR THOUGHT PROCESSES AND COMMUNICATION HAS BEEN THAT ONCE MAIN STREET GETS REBUILT, WE WANT THIS PROJECT TO BE PRETTY MUCH COMPLETED.
SO ARE WE IN 2028 NOW, OR, LAST I HEARD WALTER 2028 DRIVING DOWN MAIN STREET.
[01:05:01]
WE'RE LOOKING AT 2028 WANTING MOST OF THIS DONE.WHAT'S YOUR, WHAT'S BEEN YOUR EXPERIENCE? 'CAUSE YOU SAID A PORTION WILL BE DONE.
WHAT'S YOUR VISION IN, IS IT FIVE YEARS? IS IT, YOU KNOW, 10 YEARS? WHAT'S YOUR VISION ON THIS MARKET DRIVEN, THIS VISION MARKET DRIVEN? YEAH, I MEAN IT'S, IT'S, IT'S MARKET DRIVEN.
WE DON'T WANT TO BUILD OUT MORE THAN, YOU DON'T WANT A GHOST TOWN TO BUILD TWICE AS MANY THINGS AS THERE ARE PEOPLE TO LEASE THESE SPACES.
SO WHAT I WAS SAYING IS THERE'S A PHASE ONE, MAKE THE PHASE ONE WORK AND BE SUCCESSFUL, THEN GO TO PHASE TWO, BUT HAVE A MASTER PLAN THAT SAYS WHAT'S PHASED.
AND MAYBE THE FIRST PHASES ARE ALONG MAIN STREET TO MAKE IT LOOK COMPLETE AT EACH PHASE.
UM, AND THAT'S SOMETHING WE CAN TALK ABOUT, YOU KNOW, WHAT THE PRIORITIES ARE FROM THE CITY, WHAT DO YOU WANT TO SEE FIRST? UM, AND REALLY WHAT MICHAEL WAS SAYING EARLIER, WE'D LIKE TO KNOW WHAT YOU WANT SO WE CAN SIT DOWN AND TAILOR THIS AND THEN LOOK AT IT FROM WHAT THE MARKET WILL BEAR.
AND THEN IF THERE'S A GAP, THEN THAT'S TO YOUR POINT OF WHAT THE ASK IS.
I MEAN, DEFINITELY DENSITY AND MOON STREET MAKES SENSE, YOU KNOW, BUT DEFINITELY PART OF THE CONVERSATION.
AND THANK YOU GUYS FOR THIS PRESENTATION.
UM, I'M A BIG FAN OF HAVING RETAIL, UH, WELL, YEAH, RETAIL ON THE BOTTOM IN APARTMENTS ON TOP, SO I LIKE THAT.
I JUST HAD A QUICK QUESTION WITH THE, THE PART OF THE HOUSING DEVELOPMENT THAT'S ADJACENT TO THE NEIGHBORHOOD.
Y'ALL HAVE THE FIRST LEVEL SAYING TOWN HOMES AND THE LEVELS ABOVE SAYING APARTMENTS.
AND I WAS JUST INTRIGUED AS TO WHY Y'ALL CHOSE THAT DESIGN AND WHY NOT JUST HAVE THEM ALL BE TOWN HOMES OVER THERE.
THE TOP LEFT CORNER THAT'S ADJACENT TO, RIGHT.
UH, IT'S KIND OF THAT UPPER LEFT QUADRANT OF THE, OF THE APARTMENT THERE.
YEAH, I THINK THAT WE CAN LOOK INTO THAT.
UM, I'D LIKE TO, THAT'S WHEN I TALK ABOUT BREAKING UP THE BUILDINGS, THAT'S WHAT I HAVE IN MIND AND, AND THOSE RESIDENCES IN THE BACK IS WHAT I'M THINKING ABOUT.
SO MAYBE EVEN TAPERING BACK THE, THE BUILDING ELEVATIONS AND STEP STEPPING 'EM DOWN ON THAT BACK THERE, ON THAT BACK.
RIGHT NOW THAT'S, IT'S THREE FLOORS ON THE BACK RIGHT NOW.
IT'S ALL, YES, IT'S ALL MONOLITHIC KIND OF.
AND, AND SO I, I WOULD SAY THAT'S PART OF MY THOUGHT SINCE THE LAST TIME I VISITED THIS WAS TO BREAK UP THOSE BUILDINGS A LITTLE BIT AND TO TAPER 'EM BACK AND SPECIFICALLY, UM, IN CONSIDERATION OF THOSE FIVE HOUSES THAT ARE BACK THERE.
UH, ONE QUICK COUNCIL MEMBER AHEAD.
I THINK THAT WAS A GOOD ENOUGH ANSWER.
WELL, THAT'S A DIFFERENT TOPIC.
UM, YOU KNOW, AND I UNDERSTAND WHY WE'RE GONNA HAVE TO NEGOTIATE 'CAUSE WE REALLY HAVE TO TELL YOU HOW MUCH RETAIL WE WANT AND HOW MUCH OF IT HAS TO BE INCUBATION AT ALL AND HOW DENSITY, I MEAN, THERE'S A LOT OF, WE HAVEN'T SETTLED ON THE DENSITY OURSELVES YET.
UM, COUNCIL MEMBER HADDEN, UM, I WAS GONNA SAY WITH THE PHASES AND, UH, ECHO AND COUNCILMAN LOPEZ, THE IDEA THAT WE WOULD PREFER IT TO BE UP AND GOING, UH, WHEN MAIN STREET IS DONE.
AND I THINK THE IDEA WAS THAT IF WE HAD A HIGH ENOUGH DENSITY ON THE APARTMENTS, THAT THAT COULD HELP ACTIVATE THIS, THIS AREA.
UM, BUT TO, JUST TO CLARIFY, FOR THE ANNEX BUILDING, YOU GUYS HAVE PLANNED RETAIL JUST BACK TO THAT PART OF THE PRESENTATION.
I HAVE TO SAY, I'VE ALWAYS LIKED THAT JUST BECAUSE IT'S A BIG CHUNK OF MAIN STREET TO HAVE THAT RETAIL.
UM, SO I DO LIKE THAT BECAUSE THAT'S KIND OF, YOU KNOW, ALL DAY, EVERY DAY OF THE WEEK, SOMETHING THAT PEOPLE CAN PARTICIPATE IN.
BUT, UM, BACK TO WHAT COUNCILMAN JOHNSON SAID ABOUT THE ASK, CAN WE ALLOW THEM TO PROVIDE US WITH THAT INFORMATION BEFORE WE MAKE A DECISION INSTEAD OF JUST DECIDING NOW WE CAN DECIDE ANYTHING WE WANT TO TONIGHT OR NOT DECIDE TONIGHT? YEAH.
I, HOWEVER, I THINK IT'S GONNA BE EXTREMELY DIFFICULT FROM ANYBODY HERE TO GIVE US THEIR ASK UNTIL WE TELL THEM WHAT WE WANT.
I KNOW THIS APARTMENT COMPLEXES CAN HAVE A HIGHER RETURN ON INVESTMENT IF IT'S HIGH DENSITY.
YOU AND I KNOW THAT WE MAY NOT WANT HIGH DENSITY THAT WILL CHANGE THEIR ASK.
WHAT I THINK WE NEED TO DECIDE TONIGHT IS GET BACK IN THAT ROOM AND DISCUSS SOME THINGS AND DECIDE MAYBE DO WE WANT TO START DOWN THE PATH WITH SOMEBODY? BUT THAT DOESN'T MEAN THAT'S, WE MAY GO, WE MAY START DOWN THE PATH WITH ALL FOUR
[01:10:01]
OF 'EM AFTER WE DECIDE WHAT WE WANT.UM, DO WE WANNA KEEP THE ANNEX? THEY'RE NOT KEEPING THE ANNEX PARTIALLY.
UM, THERE'S OTHERS THAT ARE GOING TO KEEP THE WHOLE ANNEX.
UM, WE MAY DECIDE WE DON'T WANNA KEEP THE ANNEX.
SO THERE'S TOO MANY QUESTIONS.
I THINK FOR US TO HAVE THEM GIVE US AN ASK RIGHT NOW, IN MY OPINION.
'CAUSE IT WOULD JUST BE A SHOT IN THE DARK.
WE WILL DECIDE WHAT PATH WE WANT TO TAKE TONIGHT, WHICH COULD BE NOTHING FOR RIGHT NOW.
IT'S ON THE AGENDA TONIGHT, BUT THAT DOES NOT MEAN WE HAVE TO MAKE A FIRM DECISION TONIGHT.
'CAUSE I, I KNOW THAT LAST TIME WE MADE A DECISION, BUT THEN WHEN IT GOT TO ALL THE DETAILS, THAT'S WHERE WE GOT STUCK.
SO IF WE COULD NARROW THAT UPFRONT, THAT'S ONE OF THE, BUT I, I, I AGREE.
I'M JUST LOOKING FORWARD TO THE DAY THAT I CAN BE CRUISING DOWN THE STREET ON MY SIXTH FLOOR ON MAIN STREET AND
SO I WOULD LIKE YOU GUYS TO STICK TO YOUR VISION AND I LIKE IT THAT YOU'RE OPEN TO, UH, CHANGING PARTNERING.
SO IF THERE'S SOMETHING YOU DON'T WANT TO DO, HEY, THIS IS WHAT WE WANT TO DO.
TRY TO STICK TO YOUR, TO YOUR VISION.
'CAUSE WHAT I KEEP HEARING IS THAT, HEY, I'M BENDABLE.
I I CAN, I, I CAN FLEX HERE, WHATEVER.
SO JUST TRY TO STICK TO YOUR VISION AND WHEN WE COME BACK AGAIN, LEMME JUST SAY, THIS IS WHAT WE, WE THINK WOULD BE BEST DOWN HERE.
GIVE US SOME RECOMMENDATIONS ON WHAT YOU THINK WOULD BE BEST.
BUT I DO AGREE THE ANNEX RETAIL PULL UP UNIT, AND WE NEED THE DENSITY.
THANKS COUNCIL MEMBER ADAMS, THANK YOU FOR YOUR PRESENTATION.
ONE THING I WANT TO REITERATE OR ASK IS, UM, YOUR WILLINGNESS TO WORK WITH ANOTHER GROUP, BECAUSE YOU'RE MENTIONING RETAIL.
UH, THE OTHER GROUP MENTIONED LAYOUT FOR PARKS AND EVENT SPACE.
AND SO I DO LIKE THE IDEA OF BOTH BEING PRESENTED SEPARATELY SO THAT WE CAN CONSIDER EACH IDEA OR A COMBINATION OF BOTH.
BUT I KNOW WE CAN'T HAVE, THAT'D BE INTERESTING TO SEE THE COMBINATION TOGETHER.
NOW, WHAT I, THE OTHER QUESTION THAT I HAVE IS, OR CONCERN WHEN WE'RE LOOKING AT THE DETACHED TOWN HOMES, IS THAT STILL A PART OF YOUR PLAN FOR HOME OWNERSHIP? AND IF SO, WHAT DO YOU PROJECT THE PRICE OR THE SALES PRICE, UH, FOR THOSE HOMES? IT, IT IS, UH, PART OF THE, IT IS FOR OWNERSHIP.
UM, THE PRICE POINT, LIKE WE DISCUSSED, IS GONNA BE BASED ON, UM, THE MARKET AND INCENTIVES THAT ARE AVAILABLE.
UH, WE WE'RE GONNA DO OUR BEST TO TRY TO GET THOSE PRICE POINTS, UH, TO THE BEST VALUE FOR THE CITIZENS OF GRAND PRAIRIE.
UM, BUT YOU STILL GOTTA MAKE MONEY.
SO WHAT SQUARE FOOTAGE ARE YOU TALKING ABOUT? FOR A REASONABLE PRICE FOR IT'S TOO EARLY TO KNOW.
IT'S TOO EARLY RIGHT NOW TO, TO, TO KNOW THAT STUFF.
AND COUNCIL MEMBER ADAMS, AS, AS YOU RECALL, HIS OWN STATEMENT WAS HE MAY CHANGE SOME OF THE THREE STORIES TO TWO STORIES TO MAKE IT MORE AMENABLE TO THE HOUSES BEHIND.
SO THAT'S WOULD CHANGE THE PRICE POINT DRASTICALLY ALSO.
BUT IT IS THE INTENT TO HAVE OWNERSHIP THERE.
HERE COMES HERE, IT COMES TO THE MAN HERE.
THAT'S A GOOD ENOUGH QUESTION.
THAT'S A GOOD ENOUGH ANSWER FOR RIGHT NOW, GUYS.
AS, OH, I WAS GOING, I WOULD LIKE TO HEAR QUESTION MORE DETAIL.
WHAT DO YOU, WHAT DO YOU PRI GO AHEAD.
WHAT DO YOU PRICE PER SQUARE? FAR PRICE, BUT I THINK, I DIDN'T THINK YOU DID.
IF WE TALK IN, IN SQUARE FOOTAGE SOMEWHERE, MAYBE BETWEEN 1600 SQUARE FEET, 1500 SQUARE FEET, NOT TOO BIG MM-HMM
OR SOMETHING REALLY NICE, WHAT WOULD IT SELL FAR, UH, IN TODAY'S MARKET? I WOULD KIND OF WORK WITH THE CITY JUST LIKE I'M DOING NOW WITH THE PROJECT THAT'S COMING UP.
WE WOULD, THAT PROJECT HAS INCENTIVES TO LOWER THE PRICE.
BUT I, I WOULD, I WOULD EVEN CUT TO MAKE IT WORK IF IT MADE SENSE TO, 'CAUSE WE COULD STILL MAKE MONEY, BUT IF WE WANT TO KINDA GET PEOPLE IN AND GIVE 'EM A AFFORDABLE PRICE, THAT'S WHAT WE WANT.
AND THAT'S WHAT I'LL BE WILLING TO DO.
SO ABOUT 1600 SQUARE FEET, NOT AFFORD 1600 SQUARE FEET.
UM, AND THIS MARK, UH, TODAY, UH, JUST THE BILL PRICE, RIGHT? MM-HMM
ABOUT 140 SQUARE FEET, UH, SQUARE FOOT.
TO MAKE IT WORK BECAUSE IT, BECAUSE OF THE VOLUME.
AND THAT'S STILL PRICED OUT PRETTY HIGH THOUGH.
[01:15:01]
THE, WHAT WOULD THAT PRICE BE FOR 1600? DO THE MATH? UH, COME ON NOW.2 22 24? I WOULD, NO, I WOULD SAY, OKAY, REALISTICALLY, 1600 SQUARE FEET, I WOULD TRY TO KEEP IT SOMEWHERE IN THE, UH, MID THREES.
SOMEWHERE AROUND THE MID THREES, SOMEWHERE AROUND.
I THINK THAT'D BE A FAIR PRICE, AFFORDABLE PRICE TO WHAT I'M SEEING IN THE MARKET.
SO THAT'S WHAT I WAS TRYING TO SAY.
COUNCIL MEMBER HEDON, I FORGOT TO STATE, UH, WHAT COUNCILMAN SHOTWELL SAID, ACTUALLY, I HADN'T THOUGHT ABOUT IT THAT RESONATE WITH ME REGARDING, UH, OWNERSHIP.
IT WOULD BE NICE IF SOMEONE WAS GONNA STICK AROUND AND HANDLE A LOT OF THIS, JUST 'CAUSE WE'RE SHARING SO MANY OF THE VISION, SO MUCH OF THE VISION, AND THEN WE GET SOMEONE ELSE IN LATER AND WE DIDN'T NECESSARILY TALK TO THEM.
AND WHERE, WHERE DOES THAT LEAD US? UM, SO I, I UNDERSTAND FOR THE MULTIFAMILY, OBVIOUSLY HAVING A PROPERTY MANAGER, BUT WHAT ABOUT EVERYTHING ELSE? THE TOWN HOMES YOU GOT FOR SALE? THE TOWN HOMES WILL BE FEE SIMPLE.
AND THEN, I MEAN, BUT THE RE THE RETAIL, YEAH.
FOR EVERYTHING ELSE, YOU KNOW, I MEAN, WE COULD HAVE MERCHANT MERCHANTS ASSOCIATIONS AND THINGS LIKE THAT THAT, YOU KNOW, THAT WOULD, UH, HAVE SOME SORT OF, UH, UH, BONDING FACTOR TO THE RETAIL, UM, SO THAT WE COULD MANAGE THOSE AS WELL.
BILL J STREET, WHILE THEY'RE COMING UP, BILL, COULD YOU GET ME A COPY OF THE, UH, THE RFEI NUMBER 2 3 1 6 6? BUT I'M KIND OF LOST HERE WHY WE'RE DOING THIS AND WE DON'T KNOW WHAT WE WANT.
JASON QUA, MAYOR, MANAGER COUNCIL.
IT'S AN HONOR AND PLEASURE BEING HERE.
UM, AND EXCITED TO INTRODUCE, UH, JASON STREET.
UM, WE'VE BEEN, UH, WORKING ON THIS PROJECT FOR A NUMBER OF YEARS, AND I GOT A CALL, UH, A WHILE BACK FROM THE TEAM AT J STREET AND ASKED US IF WE WOULD, UM, HELP THEM THROUGH THE ENTITLEMENT PROCESS AND, AND THROUGH SOME OF THE DESIGN QUESTIONS THAT YOU GUYS ARE GOING FOR, AS MANY OF YOU KNOW, SOME OF YOU DON'T, BUT WE WERE INVOLVED IN SOME OF THE ORIGINAL ACQUISITION WORK AND, UH, ALL THE DOWNTOWN DESIGN PLAN, UH, THAT ENABLED THE TURNBACK PROCESS THAT'S GOING ON NOW.
AND THEN WE ALSO HELPED WITH THE RFP PROCESS EARLY ON.
SO, UH, WE CERTAINLY FEEL VERY COMFORTABLE WORKING WITH YOU AND YOUR TEAM AND COMING UP WITH A DESIGN AND A SCHEME THAT MAKES SENSE AND THAT ACCOMMODATES THE MARKET.
UM, AND I'M GOOD TO, GOOD TO SEE MY FRIENDS, UH, JASON AND CARLY HERE.
UH, I WILL SAY, I'LL ATTEST THAT WE'D BE EXCITED TO WORK WITH THEM IN SOME CAPACITY.
IF IT MAKES SENSE FOR YOU GUYS, UH, WE, WE WOULD JUMP ON THAT.
UH, WE'VE, WE'VE HAD EXPERIENCE WORKING WITH JASON AND CARLY ON, ON OTHER STUFF AND VERY FAMILIAR WITH THEIR OPERATION.
SO, UM, WE'LL, WE'LL THROW THAT ON THE TABLE.
I'M GONNA, UH, DEFER, UH, TO SHAY BUYERS WITH J STREET, ONE OF THE PRINCIPALS AND, AND HIS, AND THE REST OF HIS TEAM ARE ALSO HERE, UH, TO GO THROUGH A LITTLE BIT OF THE PRESENTATION.
I'LL CERTAINLY STAND BY FOR ANY QUESTIONS AND ANSWERS.
SO THANK YOU AND GOOD TO SEE YOU AGAIN, COUNSEL.
I'M THE CEO AND OWNER, ONE OF THE OWNERS OF J STREET COMPANIES.
UH, OUR ADDRESS IS 16,800 WEST GROVE DRIVE, ADDISON, TEXAS.
UM, WE'RE HERE TODAY TO PRESENT OUR VISION, WHICH HOPES TO BE A SHARED VISION OF WHAT WE BELIEVE WOULD BE A CATALYTIC DEVELOPMENT FOR DOWNTOWN GRAND PRAIRIE.
UM, WE ARE NOT CIVIL ENGINEERS OR NECESSARILY RETAIL FOCUSED DEVELOPERS.
WE'RE MIXED USE MULTI-FAMILY COMMERCIAL DEVELOPERS.
WE'RE OWNER OPERATORS AND FULLY VERTICALLY INTEGRATED PROPERTY MANAGEMENT COMPANY WITH A NATIONWIDE FOOTPRINT BASED IN ADDISON, TEXAS.
I PRETTY MUCH JUST READ OFF THIS SCRIPT.
UM, BUT WE WERE FOUNDED IN 1995.
JUST TO GIVE YOU A LITTLE INFORMATION ABOUT US.
UH, WE HAVE TWO HOME BASES, DALLAS, TEXAS OR ADDISON, TEXAS AND WASHINGTON DC.
WE'VE BEEN IN BOTH LOCATIONS SINCE 1995.
I WOULD, UH, SUMMARIZE OR CHARACTERIZE OUR COMPANY AS SET UP IN TWO WAYS.
WE ARE A 30 YEAR PROPERTY MANAGEMENT COMPANY, AND SO WE WERE OWNER OPERATORS BEFORE WE WERE, EXCUSE ME, WE WERE OPERATORS BEFORE WE WERE EVER OWNER DEVELOPERS.
[01:20:01]
GONE TO SCHOOL THE LAST 30 YEARS, UH, MANY FOLKS BEFORE ME.I'VE BEEN WITH THE COMPANY 14 YEARS NOW, AND I'VE WORKED IN BOTH DC AND DALLAS FOR, UH, SIX YEARS IN DC AND, UH, SIX YEARS HERE IN D OR SEVEN, EIGHT YEARS HERE IN DALLAS.
UM, I WOULD SAY MOST OF OUR PORTFOLIO ON THE EAST COAST IS OFFICE.
THIS IS AN EXAMPLE OF A BUILDING THAT WE MANAGE IN THE DISTRICT OF COLUMBIA.
UH, SOME OF THE HIGHLIGHTS OF BUILDINGS WE MANAGE, UH, FOR OUR CLIENTS ARE THE US MINT BUILDING, WHERE THE US MINT IS HEADQUARTERED IN DOWNTOWN ON NINTH STREET, UH, WHERE THE US ATTORNEY'S OFFICE HAS A THOUSAND ATTORNEYS WITH THE DOJ.
THEY'RE OUR BIGGEST TENANT AT 5 5 5 4 STREET.
WE'VE MANAGED THAT BUILDING AND JUST DID A HUNDRED MILLION DOLLAR BUILDING REPOSITIONING ON IT, UH, SINCE 1987, UH, WHICH PRECEDED, UH, OUR FORMATION OF J STREET.
UM, SO THAT'S HOW I'D CHARACTERIZE OUR DC OPERATION IN DALLAS.
WE, UH, OR IN THE TEXAS REGION, WE ARE PRIMARILY A DEVELOPER, UH, AND MANAGEMENT COMPANY.
WE HAVE BLESS NO DEVELOPMENT PRESENCE ON THE EAST COAST, UH, AT THIS POINT.
UH, THIS IS OUR LEADERSHIP TEAM AS IT STANDS TODAY IN THE, IN THE DALLAS OFFICE.
UM, UM, THIS IS THE GENTLEMAN HERE, STAN FERRIS.
STAN WAS A CFO OF HALL FINANCIAL, CAME DOWN FROM MICHIGAN IN THE 1980S WITH CRAIG HALL AND OPERATED, UH, WAS CFO OF THAT COMPANY FOR MANY YEARS BEFORE HE STARTED J STREET IN 1995.
TOMMY AND I HAD BOTH WORKED FOR J STREET AT TWO DIFFERENT TIMES, BOTH IN DC AND DALLAS.
AND HE AND I HAVE PURCHASED THE COMPANY FROM STAN AS OF LAST YEAR.
UM, MOST OF THESE FOLKS, THIS IS OUR TREASURER WHO'S BEEN THERE 27 YEARS.
THIS IS OUR DIRECTOR OF OPERATIONS.
BEEN THERE 16 YEARS, AND THIS GUY HERE IS THEIR DIRECTOR OF ENGINEERING.
THAT'S JUST TO GIVE YOU A, JUST AN IDEA OF HOW LONG THE FOLKS THAT HAVE BEEN HERE, DANIEL WHEELER, IS THIS GENTLEMAN SITTING BEHIND ME TO MY LEFT.
HE IS OUR VICE PRESIDENT OF DEVELOPMENT AND CONSTRUCTION MANAGEMENT SERVICES.
WE, UH, WILL TELL YOU A LITTLE BIT MORE ABOUT HOW HE OPERATES AND HELPS US.
THIS IS OUR RESIDENTIAL CAPABILITIES AS A MANAGEMENT COMPANY.
THERE'S BEEN SOME COMMUNICATION ABOUT HOW, YOU KNOW, WHAT WE WOULD DO AND WOULD WE STAY IN AND WHO MANAGES.
AND, UH, THAT'S ONE OF OUR VALUE PROPOSITIONS IS THAT WE BUILD, DEVELOP, LEASE, MANAGE, TYPICALLY LONG TERM.
UM, NOT TO SOUND FLAKY, BUT WE CAN WORK IN ANY OF THOSE CAPACITIES OR ANY OF THOSE LANES.
BUT OUR MODEL IS TO SORT OF BE A, THE QUARTERBACK OF THE TEAM IF, IF, UH, THAT MAKES SENSE.
UM, THIS IS JUST TO GIVE YOU A BIFURCATION IN THE NEXT TWO SLIDES OF HOW WE'RE DIFFERENT.
THIS IS OUR SUITE OF THIRD PARTY SERVICES.
SO IF THE CITY OF GRAND PRAIRIE WAS SAID, YOU KNOW WHAT, GUYS, WE LIKE YOU, BUT WE REALLY WANT YOU AS A PROPERTY MANAGEMENT COMPANY.
WE CAN BE A PROPERTY MANAGEMENT COMPANY IF WE REALLY JUST WANT YOU TO BE A CONSTRUCTION MANAGEMENT TEAM AND BE THE CONDUIT BETWEEN THE OWNER AND THE GENERAL CONTRACTOR AND BE THAT MIDDLEMAN, WE DO THAT AS WELL.
DANIEL WHEELER, UM, IS OUR DIRECTOR OF CONSTRUCTION MANAGEMENT, AND WE HAVE A TEAM OF FOLKS THAT REALLY RUN THESE PROJECTS FROM START TO FINISH.
UM, AND THEN WE CAN HELP WITH PRE, PRE, UH, PRE-CONSTRUCTION AND DESIGN SERVICES WITH FOLKS LIKE JASON.
AND THEN OF COURSE, ON CAPITALIZING THE PROJECT HERE.
SO WE, WE BRING THE BALANCE SHEET, GO TO THE BANK, GET THE LOAN, RAISE THE CAPITAL, AND DEVELOP A PROJECT.
SO WE CAN BE ANY ONE OF THOSE.
BUT IF YOU WANTED US TO BE YOUR DEVELOPER OF CHOICE, UH, THIS IS OUR DEVELOPMENT THESIS AND THIS IS WHAT WE DO.
UM, WE HAVE ABOUT 360 MILLION OF MULTIFAMILY AND FOR SALE CONDO PROJECT UNDER CONSTRUCTION IN DALLAS FORT WORTH, OR HAVE JUST, JUST DELIVERED AND ARE LEASING.
UH, AND I'LL SHOW YOU WHERE THOSE THREE PROJECTS ARE.
I DIDN'T DO AS GOOD A JOB AS THE OTHER PRESENTERS WITH SOME OF THE PRETTY PICTURES, BUT, UH, WE'RE EASILY FINDABLE.
UM, THAT'S JUST TO GIVE YOU AN IDEA OF WHAT WE'RE DOING TODAY.
UH, WE TAKE A, A SPECIFIC SORT OF TARGET APPROACH TO WHAT WE CALL EMERGING WALKABLE PLACES.
WE FEEL LIKE WE DIDN'T WRITE THE BOOK ON IT, BUT WE GOT REALLY SMART ABOUT WALKABILITY.
UM, UH, IN THE EARLY, SAY MID TWO THOUSANDS, I WENT TO GRAD SCHOOL AT WASHINGTON, GEORGE WASHINGTON UNIVERSITY, AND THEY HAVE A WHOLE BUSINESS DEPARTMENT SET UP ON WALKABILITY.
UM, I BROUGHT BROOKINGS INSTITUTE FROM GEO, UH, FROM BALTIMORE, WHICH IS BALTIMORE THINK TANK, AND, UH, GW TO DALLAS IN 2019.
AND WE DID A REGIONAL STUDY WITH THE COG MICHAEL MORRIS AND HIS TEAM, ULI AND OTHERS, UH, THAT CONTRIBUTED TO STUDY ALL THE WALKABLE NODES IN DFW AND WE CLASSIFIED 'EM AS EXISTING WALKABLE PLACES, EMERGING WALKABLE
[01:25:01]
PLACES, AND POTENTIAL WALK, POTENTIAL WALKABLE PLACES WHEN WE DID THE STUDY.SO WE HAVE THAT STUDY AND IT'S FINDABLE.
IF YOU JUST GO TO THE D IF YOU JUST GOOGLE THE DFW WAKE UP, UH, WALKUP, WAKE UP CALL, YOU'LL FIND THAT STUDY AND IT'S PUBLISHED AND OUT THERE FOR EVERYBODY TO LOOK AT.
BUT WE BUILT A DEVELOPMENT COMPANY AROUND THAT STUDY BECAUSE WE FOUND THESE OLD HISTORIC FUNKY, COOL DOWNTOWNS WITH A LOT OF MOM AND POP SHOPS AND GREAT BONES AND WALKABLE, UH, STREET SHORTER BLOCKS WERE SET UP VERY WELL FOR BEING REACTIVATED AND CATALYZED.
AND, UH, WE TOOK HEED TO THAT.
AND SO WHAT DID WE DO? WE WENT IN AND, AND WE DEVELOPED THESE PROJECTS, UH, WHILE YOU WOULD PARTNER WITH J STREET IS BECAUSE, UH, WELL, WE'RE VERTICALLY INTEGRATED AND THIS IS OUR FOCUS.
WE DON'T BUILD, UH, UH, WE, WE DON'T GO FAR OFF INTO THE EXURBS AND BUILD OFF ON THE SIDE OF THE HIGHWAYS.
UH, THAT'S TYPICALLY NOT OUR, OUR PURPOSE, OUR FOCUS, UH, WE, WE BUILD WHERE THERE'S HIGH BARRIERS TO ENTRY AND THERE ARE EXISTING TENANTS TYPICALLY, OR, OR, UH, PEOPLE IN OUR IN THAT ARE ALREADY THERE INVESTED IN THE COMMUNITY, STAKEHOLDERS THAT WE HAVE TO BRING IN AND HAVE A SHARED COMMUNITY VISION WITH AND MAKE A PART OF THE TEAM.
UM, SO WE WENT TO, UM, OUR FIRST PROJECT WAS ONE PRESTON STATION IN DOWNTOWN SALINA.
WE BUILT 240 UNITS RIGHT ON OLD ON OKLAHOMA BOULEVARD, WHICH IS RIGHT ON TOP OF A QUARTER MILE FROM D DOWNTOWN.
AND WE WERE THE FIRST MULTI-FAMILY PROJECT TO BE BUILT IN SALINA.
UM, AND NOW THERE'S PROBABLY 7,000 DOORS UNDER CONSTRUCTION.
WE STARTED THAT PROJECT IN 2018.
WE WENT TO CONTRACT IN 19, WE STARTED BUILDING IT IN 21 BECAUSE COVID SET SET US BACK A YEAR.
WE WERE THE FIRST TO DELIVER, UH, THE MILL OLD TOWN, WHICH IS IN LEWISVILLE.
THAT'S REALLY THE PROTOTYPE FOR WHAT YOU'RE DOING HERE AND WHAT YOU'RE LOOKING FOR.
CITY OF LEWISVILLE CAME TO ME AND SAID, LOVE WHAT YOU DID WITH SALINA.
WELL, CAN YOU COME TO DOWNTOWN LEWISVILLE? THEY ACTUALLY HEARD ME SPEAK AT A WALKUP WAKE UP CONFERENCE, AND WE DID.
AND THEY HAD 3.4 ACRE SITE, RIGHT, RIGHT NEXT TO A BLOCK FROM THEIR BEAUTIFUL CITY HALL LIKE YOURS.
AND THEY SAID, UH, WHAT CAN YOU DO WITH THIS? AND INSTEAD OF DEVELOPING A WRAP, UM, THAT THEIR COMPLETE STREETS INITIATIVE, THAT THE SAME INITIATIVE THAT THAT GRAND PRAIRIE HAS, I BELIEVE FOR YOUR VISION, FOR YOUR DOWNTOWN, WAS WELL UNDERWAY AT THAT POINT.
AND WE SAID, WELL, LET'S COME UP WITH A SHARED VISION.
AND SO WE DID, AND WE BUILT A, WHICH WE'LL SHOW YOU HERE TODAY.
AGAIN, MY PICTURES AREN'T AS PRETTY AS THE DELIVERED PRODUCT, BUT WE BUILT 213 UNITS, UH, A BLOCK FROM, UH, THEY'RE FROM, FROM CITY HALL.
UH, WE DELIVERED THAT LAST FEBRUARY, OKAY, THIS PAST FEBRUARY.
OKAY, THIS PAST PAST FEBRUARY, THE LAST BUILDING WAS BUILT.
WERE 90% LEASED WILDFIRE LEASE.
AND IT'S ALL BECAUSE OF THE CITY.
THE DEVELOPER WERE ALL, ALL THE BANANAS WERE IN THE BOAT, AND WE HAD A SHARED VISION AND GOT IT DONE.
UH, THAT WAS FIVE PARCELS OF LAND.
AND WE COBBLED TOGETHER FOUR OTHERS, CONTIGUOUS A MECHANIC SHOP, THIS KIND OF, UH, STAIR MANUFACTURER AND SO ON.
AND WE PUT THIS ENTIRE DEVELOPMENT TOGETHER, AND ON THE VERY END, WE CAPPED IT WITH A CITY PARK THAT THE BARBECUE RESTAURANT THAT'S BEEN THERE FOR 50 YEARS NOW USES AS THEIR VENUE FOR MUSIC AND ENTERTAINMENT.
AND THEN CITY ENGAGEMENT AS WELL, PUBLIC ENGAGEMENT.
UM, SO WE'RE REALLY PROUD OF THAT PROJECT.
UH, THIS GOOGLE IT, THE MILL OLD TOWN.
I HAVE A, A RENDERING OF THAT.
AND THEN HERE, UH, WE'RE BUILDING A HUNDRED MILLION DOLLAR PROJECT ON THE, UM, ON, UH, WHAT IS NOW CALLED THE NELSON.
IT USED TO BE THE TPC FOUR SEASONS IN LOS CLAUS.
UH, WE'RE HALFWAY THROUGH THAT PROJECT.
UH, THOSE ARE HIGH-END CONDO UNITS IN A LIFESTYLE COMMUNITY.
UM, ALL OF THIS STUFF IS WHAT WE CALL A WALKUP.
IT'S A CON, SELF-CONTAINED, EMERGING WALKABLE PLACE WHERE YOU CAN WALK OUT YOUR DOOR TO A RESTAURANT, HOTEL BAR, DRY CLEANER PARK, UH, WHATEVER IT IS.
AND THIS IS WHERE WE MAKE INVESTMENTS, UM, OUR FINANCING.
UM, COUNCIL MEMBER JOHNSON, I BELIEVE YOU'VE ASKED SOME, SOME POINTED QUESTIONS ABOUT HOW DO YOU GET THIS DEAL DONE? WHAT IS YOUR ASK? AND, UM, APPRECIATE THAT.
UH, TODAY IS EXTREMELY HARD TO EXECUTE ON A, UH, MULTI-FAMILY PRO.
UM, JUST EVERYTHING YOU'VE ALREADY READ ABOUT, THEY DON'T NEED TO GO OVER HERE, UM, THAT WE COULD TAKE UP IN A LATER SESSION IS IT'S VERY HARD TO GET FINANCING PUT TOGETHER J STREET.
IT'S NOT OUR ONLY FINANCING OPTION, BUT IT'S OUR PREFERRED FINANCING OPTION IS TO USE HUD TWO 20 1D FOUR.
[01:30:01]
MISCONCEPTION THAT HUD MEANS LOW INCOME HUD IS MARKET RATE.IF YOU WANT TO DEVELOP A MIXED RATE HOUSING PROJECT USING HUD, YOU CAN DO THAT TOO.
WE'VE USED HUD GROUND UP CONSTRUCTION FINANCING FOR MARKET RATE ONLY TODAY.
UM, SO IT'S THE SAME LOAN THAT YOU WOULD GO GET FROM CHASE BANK.
UH, IT'S JUST A LITTLE DIFFERENT TERMS. UH, IT'S, UH, IT'S FEDERALLY INSURED LOAN.
GRAND PRAIRIE IS CHANGING THE SPLIT OF THEFT THAT HAS BEEN POPULARIZED ON SOCIAL MEDIA.
IT ACTS AS AN IGNITION KILL THE UP, WHICH IS VERY DISRUPTIVE IF YOU'RE TRYING TO CREATE THIS URBAN, WALKABLE PLACE.
THAT'S WHY THE CITY CAME TO US AND SAID, HELP US GET RID OF THIS.
UM, THE RESTAURANTS IN THE RETAIL DON'T ACTIVATE DOWNTOWN.
THE ROOFTOPS DO FIRST AND THEN THE RESTAURANTS COME IN OUR OPINION, UH, THE ONES THAT YOU PROBABLY ARE SEEKING AND DESIRING AT LEAST.
UM, SO WHAT DID WE DO WITH THE, UH, PUBLIC IMPROVEMENTS HERE ALONG MILL STREET? WERE UNDER CONSTRUCTION.
WE CAME UP WITH A VISION TO BUILD A SURFACE PARK.
ALL THESE SPACES HERE, THE, THE, THESE BUILDINGS, THE, THE BUILDINGS IN BLUE ARE FACING RIGHT UP ON THE STREET.
THEY'RE LIKE RIGHT TO THE STREET.
IT LOOKS LIKE A TOWN HOME DEVELOPMENT ALMOST.
AND, UH, THIS IS THE LEASING OFFICE HERE ON THE HARD CORNER.
UM, WE'VE GOT STREET PARKING, AND THEN WE PARK 1.3 RATIO HERE PER UNIT ON SITE WITH ANOTHER, I DON'T KNOW, A COUPLE HUNDRED, A HUNDRED SPACES OUT HERE ALONG THE STREET.
UH, THIS WAS ALL BUILT FOR OUR PROJECT IN COLLABORATION WITH THIS PROJECT.
THESE ARE ALL, UH, UNDER, UNDER WHAT WE CALL TUCK UNDER PARKING.
SO ALL THESE BUILDINGS HAVE PARKING GARAGES, SINGLE CAR PARKING GARAGES UNDERNEATH THE BUILDINGS.
NOTICE HOW WE PUT THE PARKING BEHIND THE STREET.
THE STREET IS, YOU KNOW, THIS IS WHAT YOU WANNA SEE AS PRETTY AND NEW AND MODERN.
YOU DON'T WANNA LOOK AT CARS NECESSARILY.
WE TRY TO GET THE CARS OFF THE STREET AND REALLY ACTIVATE.
SO THIS IS ALL TREE LINED SIDEWALKS, SIX FOOT SIDEWALKS LIT AT NIGHT, REALLY FEELS GOOD WHEN YOU'RE WALKING TO DOWNTOWN BARBECUE RESTAURANT.
THIS IS THE PARK NOW, AND IT'S NOT REALLY EASY TO SEE, BUT THIS IS SULLIVAN'S BARBECUE HERE.
UM, THAT AGAIN, YOU CAN'T, MY, MY PICTURES AREN'T REPRESENTATIVE OF IT, BUT THIS IS ALL INTEGRATED IN, UH, IT JUST FEELS LIKE A WALKABLE PLACE, A PLACE YOU WANNA VISIT.
UM, THIS IS, THIS IS A RENDERING.
SO THIS IS PRETTY CLOSE TO WHAT WE BUILT.
THE REASON FOR THIS SORT OF, UH, METAL LOOKING FACADE HERE THAT'S VERY DIFFERENT FROM THE, UH, STUCCO AND BRICK WINGS HERE IS THAT THIS USED TO BE AN OLD GRIST MILL HERE.
SO WE WANTED TO DO SOMETHING WITH A HISTORIC FLARE THAT GAVE THE CITY SOMETHING MORE THAN JUST A FOUR STORY APARTMENT COMPLEX WITH JUST SOME BRICK ON IT.
WE, WE REALLY, SO WE REALLY DID A LOT OF GLASS HERE, STOREFRONT GLASS, UM, AND THEN JUST TRIED TO MAKE THIS FEEL LIKE IT WAS LIKE AN ADAPTIVE REUSE.
LIKE IT WAS THERE FOR A HUNDRED YEARS AND THEN ALL THIS NEW STUFF CAME BEHIND IT.
UM, SO FOR YOUR, YOUR, YOUR MAIN STREET FACING FACADE, WE HAVE TO GO TO HOME.
WE HAVE HOMEWORK ON THAT, BUT WE WOULD LIKE TO DO SOMETHING THAT'S REALLY PAYS HOMAGE TO DOWNTOWN, WHATEVER THAT MIGHT BE.
UH, THIS IS A MORE LINEAR VIEW OF IT.
THIS IS, YOU KNOW, BASICALLY 700 FEET, 750 FEET OF MAIN STREET, OF MILL STREET, WHICH IS KIND OF THEIR MAIN, WAS TOTALLY TRANSFORMED WHAT USED TO BE ONE STORY MAINTENANCE, YOU KNOW, TIRE SHOPS, UM, BUILDING PARTS LAYING ALL OVER THE GROUND.
UM, JUST NOT VERY ATTRACTIVE REAL ESTATE, UH, TURNED INTO THIS.
UH, CERTAINLY THERE ARE NO TREES BACK HERE LIKE THAT.
BUT, UM, THIS SCENARIO NUMBER TWO IS A WRAP PROJECT, WHICH SOME OF THE OTHER PRESENTERS PRESENTED, WHICH IS, AND BY THE WAY, OUR VISION IS TO BUILD THIS ALL OUT AT ONE TIME.
WE DON'T HAVE A PHASED VISION OR, UH, YOU KNOW, BUILD HALF OF IT AND, AND COME BACK.
THIS IS SOMETHING WE FEEL LIKE WE CAN EXECUTE WITH THE RIGHT PARTNERSHIP IN ONE, IN ONE SHOT.
UH, PHASE TWO OR SCENARIO TWO IS A MUCH MORE INVOLVED, MUCH MORE EXPENSIVE PROJECT.
THIS IS AN EARLY VERSION OF THE WRAP.
AND, UH, THERE'S, LIKE I SAID, SOME ISSUES WITH IT.
PRIMARILY THESE, UH, THIS IS NOT A GOOD PICTURE.
PRIMARILY, I'VE BEEN DRAWING YOUR ATTENTION TO THE UNITS BACK HERE.
UM, I JUST, THAT'S, THAT'S, THAT'S A MYTH.
UM, BUT WHAT WE'RE REALLY TRYING TO DRAW OUR ATTENTION TO,
[01:35:01]
WE DIDN'T ADDRESS THE ANNEX OVER HERE IN THIS DESIGN, UH, BUT FEEL LIKE IT'S, UH, SOMETHING THAT WE WOULD INCORPORATE.UH, AND WE PROBABLY HAVE A RETAIL USE THERE THAT WE JUST DIDN'T EXPLORE.
UM, BUT, UM, THIS PROJECT WOULD HAVE OBVIOUSLY SOME RETAIL ENGAGEMENT HERE AT THE CORNER.
UM, THIS WOULD BE ALONG, I BELIEVE THAT'S FOURTH STREET.
THIS WOULD BE OUR LEASING OFFICE.
THIS IS A WRAP GARAGE HERE, FOUR STORY PROJECT WITH THE, UH, LET ME SEE IF I CAN ZOOM IN HERE WITH, YOU KNOW, SORT OF A MINI COURTYARD THAT COMES, SORT OF FLOWS OFF THE, UM, OFF THE STREET, OFF THE LEASING OFFICE INTO THIS COURTYARD HERE.
UH, VERY EARLY DESIGN, LADIES AND GENTLEMEN.
UM, THERE'S SOME REAL PROBLEMS WITH IT.
THIS IS AN ACTIVATION SPACE FOR THESE RETAILERS HERE TO USE TO HAVE WHATEVER IT IS, COFFEE BAR, BEER GARDEN, UM, PLACE TO SIT AND HANG OUT.
SO MAYBE IT'S JUST FOR PUBLIC USE, UH, DON'T KNOW YET.
UM, BUT, BUT WHAT WE TRIED TO DO HERE ON THE, ON THE, ON THE, UH, WRAP WAS TRY TO GET AS MANY UNITS ON THESE CORNERS ON THE STREETS AS WE COULD.
AGAIN, THIS DOESN'T WORK BACK HERE PROBABLY, UH, BUT TRY TO GET THESE VIEWS AND GET THE PROFILE OF THE BUILDING.
THIS IS AN EXAGGERATED EXAMPLE, PROBABLY A LITTLE BIT, UH, ON MASSING SIZE.
THIS IS PROBABLY TOO BIG, BUT THIS IS, IT WOULDN'T FIT EXACTLY ON THE SITE, BUT THIS IS A VISUAL REP REPRESENTATION OF WHAT THAT WRAP WOULD LOOK LIKE.
A LOT OF STOREFRONT RETAIL HERE ON THE FRONT.
ACTIVATION, YOU KNOW, NICE SIGNAGE.
UM, ALTHOUGH THIS IS FIVE, UM, WE'RE LOOKING AT A FOUR STORY PROJECT AND SOME AMOUNT OF RETAIL.
WE DON'T KNOW HOW MUCH THAT WOULD BE.
MAYBE THE RETAIL SHIFTS TO THE ANNEX PARCEL AND IT'S ALL MULTIFAMILY HERE.
OPEN TO SUGGESTIONS AND IDEAS.
UM, SO NOT TO, UH, IT'S JUST ANOTHER SORT OF STREET ENGAGED CONCEPT OF HOW WE FEEL LIKE WHAT WE WOULD WANT MAIN STREET TO FEEL LIKE, OR THAT FRONT PART, THAT CORNER TO FEEL LIKE IS TREELINE STREETS AND SOMEWHERE SURE, SOMEBODY WOULD WANNA SIT DOWN.
UM, THIS IS, THIS IS PROBABLY NOT WORTH GOING ALL THE WAY INTO, BUT IT SHOULD BE NOTED THAT AS A PREFERRED HUD DEVELOPER AND ONE WITH LOTS OF EXPERIENCE USING HUD TWO 20 1D FOUR FINANCING, WE DID DO A DEMAND ANALYSIS ON GRAND PRAIRIE BEFORE WE EVEN LOOKED AT THIS PROJECT.
AND THERE'S A LOT OF GREEN LIGHTS FROM HUD.
UH, IF HUD DOESN'T BLESS THE PROJECT AS A, UH, UH, PLACE WITH POSITIVE DEMAND WHERE THERE HASN'T BEEN SO MANY DELIVERIES, UH, THAT THERE, THERE WOULD BE ABSORPTION OF OUR APARTMENTS ACCORDING TO THEIR STUDIES, THEY WOULDN'T LET US MOVE FORWARD.
SO THE FIRST THING WE DO IS WE GET ON THE PHONE WITH A HUD LENDER, UM, AND WE RUN THROUGH SCENARIOS OF WHAT OUR UNIT AMOUNT MIX WOULD BE, HOW MANY UNITS WE BUILD, SIZE, SQUARE FOOTAGE, THAT SORT OF THING.
AND WE'VE GOT DANIEL, UM, YOU DID THIS, BUT YOU PROBABLY CAN'T COME UP HERE, BUT IS THAT 389? 360 9, 360 9 OF EXCESS DEMAND.
UM, SO BASICALLY HUTS TELLING US, HEY, GUESS WHAT GUYS? IF YOU BUILD LESS THAN 369 UNITS, WE PROBABLY WOULD, WE WOULD PROBABLY GIVE YOU A ENCOURAGEMENT TO MOVE FORWARD.
UM, SO THE FINANCING WOULD BE, UM, POSSIBLE.
YOU GUYS, YOU PROBABLY ALREADY HAVE THESE, BUT THESE ARE OUR LETTERS OF RECOMMENDATION TO J STREET COMPANIES FOR OUR PROJECT IN SALINA.
UH, FROM CITY MANAGER, JASON LAMER.
THIS IS OUR, UH, CITY MANAGER, UM, WHO WAS, SHE'S NOW THE CITY MANAGER.
UM, WE JUST DID OUR GROUND, OR EXCUSE ME, OUR, UM, GRAND OPENING AT THE MILL OLD TOWN.
CLAIRE POWELL, UH, IS NOW THE CITY MANAGER.
AND SHE WROTE THIS LETTER ON OUR BEHALF.
UM, AND THEN OUR CAPITAL PARTNERS CAN TELL YOU THAT HOW WE ARE CAPABLE OF EXECUTING, BORROWING THE MONEY, CAPITALIZING THE PROJECT, AND DEVELOPING IT.
UM, THIS IS A HUD LENDER, THE CRANE GROUP, UH, AND MANY OTHERS.
UM, I'M WILLING TO TAKE QUESTIONS OF ANY SORT.
THIS IS THE CONCLUSION OF MY PRESENTATION.
UM, YOU'RE QUITE CAPABLE AND YOU HEARD NEARLY ALL THE QUESTIONS WE'VE HAD BEFORE.
UM, AND THEY'RE, THEY'RE GONNA BE THE SAME FOR YOU.
AND I THINK YOU WOULD PROBABLY SAY, YEAH, WE'LL BE ABLE TO WORK WITH YOU.
WE'LL, YOU TELL US, UH, WHAT YOU WANT, WE'LL WORK WITH YOU.
'CAUSE THAT'S WHAT I'VE SEEN YOU DO.
YOU DID COME UP WITH A VISION.
UM, AND WE, UH, WE LIKE THE VISIONS THAT WE'VE, EVERYBODY'S GIVEN US SOME GOOD VISIONS.
WE
UH, COUNCIL MEMBER SHOTWELL, NO QUESTION.
[01:40:01]
YES, SIR.UH, I'VE SEEN YOUR PROJECT IN LEWISVILLE AS IT'S GROWN OVER THE LAST THREE OR FOUR YEARS BECAUSE MY WIFE AND I SHOP AT THE THRIFT GIANT STORE THAT'S RIGHT ON THE OTHER SIDE OF THE ROAD FROM IT.
SO WE GO UP THERE THROUGH THERE QUITE A BIT.
SO I'VE SEEN THAT AS IT'S GROWN AND YOU DO GOOD WORK AND YOU KEPT THE AREA THERE WHILE YOU WERE DOING THE CONSTRUCTION CLEAN AND I LIKE THAT.
SO JUST THANK YOU JUST TO COMMENT.
THANK YOU COUNCIL MEMBER BEHEAD, THANK YOU.
THANK YOU FOR YOUR PRESENTATION.
UM, I DID REALLY LIKE THE ACTIVATION GREEN SPACE YOU HAVE BEHIND AND AROUND THE RETAIL.
THAT WAS A REALLY GREAT ADDITION.
UM, MY OVERALL IMPRESSION THOUGH WAS THAT YOU GUYS ARE ROCK STARS AT MULTIFAMILY AND THAT THE RETAIL MAYBE NOT AS MUCH, WHICH IS IMPORTANT.
UM, BUT I DID LIKE THE GREEN SPACE EDITION AS FAR AS THE HUD FINANCING.
YOU GUYS SAID YOU, YOU HAVE GOTTEN THAT BEFORE ON OTHER PROJECTS OR THIS WOULD BE YOUR FIRST GO AT IT.
THAT'S HOW YOU'VE BEEN DOING IT.
NOW APPRECIATE THE EXPERIENCE.
I MEAN, JUST THE WILDERNESS, UM, THE PART OF, YOU KNOW, HAVING DIFFERENT THEIRS, WHETHER YOU'RE PROJECT MANAGER, WHETHER YOU'RE CONSULTING DIFFERENT ASPECTS OF THE PROJECT.
YOU BRING SOMETHING TO THE, TO, TO THE TABLE, BUT ALSO THE PART OF, IT'S NOT YOUR FIRST RODEO, RIGHT? YOU'VE DONE OF BEFORE.
WE'RE GONNA GET A LATE TONIGHT.
SO APPRECIATE YOUR PRESENTATION.
THAT WASN'T ABOUT CUT OFF COUNCIL MEMBERS.
UM, YOU KNOW, I DON'T WANT TO, I THINK WE'VE HAD ALL OUR QUESTIONS ANSWERED TONIGHT AND THAT'S WHY WE'RE BEING A LITTLE BIT MORE BRIEF WITH YOU BECAUSE YOU ARE CAPABLE.
WE GET THAT YOU'RE VERY CAPABLE.
AND SO, UM, THANK YOU FOR COMING.
AND, UH, WE'LL GET BACK WITH YOU.
WE, WE, WE DON'T KNOW WHAT WE'RE GONNA DO YET.
WE HAVE ONE MORE PRESENTATION AND WE MAY OR MAY NOT MAKE A DECISION TONIGHT, BUT THANK YOU.
AND FOLKS, UM, WE'RE NOT STARTING THE COUNCIL MEETING AT SIX 30.
I GUARANTEE YOU YOU'RE WILLING TO STICK AROUND, BUT WE WILL NOT BE STARTING THE COUNCIL MEETING AT SIX 30.
WE ARE GOING TO HAVE TO GO INTO EXECUTIVE SESSION.
IF I WAS GONNA GIVE US A GUESS, I'M NOT GONNA GUESS.
I JUST KNOW WE'RE NOT GONNA START AT SIX 30 ALL IN EACH ONE.
COUNSEL STAFF WOULD LIKE TO MAKE A PRESENTATION.
WE'RE GONNA START WITH A VIDEO A LITTLE BIT DIFFERENT.
SO ERIC, IF YOU WANNA COME UP, MAYOR AND CITY COUNCIL, IT IS A PLEASURE AND A PRIVILEGE TO PRESENT TO YOU CITY STAFF SUBMISSION TO THE REQUEST FOR EXPRESSIONS OF INTEREST.
THIS PROJECT IS THE FIRST STEP TOWARDS REVITALIZING OUR DOWNTOWN.
WHILE THE IMAGES AND IDEAS AT THIS POINT ARE ONLY REPRESENTATIVE OF THE MANY POSSIBILITIES, WE ARE EXCITED TO GIVE YOU A TASTE OF THE TYPE OF TRANSFORMATION THAT IF SELECTED AS THE MASTER DEVELOPER STAFF WOULD WORK TO ACHIEVE.
THERE IS NO ONE MORE INVESTED IN THE FUTURE OF OUR DOWNTOWN THAN YOUR CITY STAFF.
AND WE ARE GRAND PRAIRIE PROUD TO PRESENT YOU WITH THIS PROPOSAL.
THIS IS THE HEART OF GRAND PRAIRIE NOW, BUT THIS IS WHAT IT COULD BE.
WELCOME TO THE FUTURE OF OUR DOWNTOWN.
A PLACE WHERE MODERN LIVING MEETS COMMUNITY HISTORY AND SPIRIT.
THIS IMPRESSIVE DEVELOPMENT IS THE CORNERSTONE OF OUR DOWNTOWN REVITALIZATION.
IT FEATURES 291 BEAUTIFULLY DESIGNED RESIDENTIAL UNITS AND OFFERS A RANGE OF OPTIONS
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TO SUIT EVERY LIFESTYLE.IMAGINE THAT YOU ARE OUR NEWEST GRAND PRAIRIE RESIDENT AND YOU'VE JUST MOVED INTO THIS STUNNING FIVE STORY BUILDING ON MAIN AND FOURTH STREET WITH YOUR YOUNG FAMILY.
YOU'RE ENJOYING THIS SPACIOUS, LIGHT FILLED APARTMENT WITH CONTEMPORARY FINISHES AND STATE-OF-THE-ART AMENITIES.
RIGHT DOWNSTAIRS YOU'LL FIND OVER 43,000 SQUARE FEET OF RETAIL SPACE WHERE YOU CAN ENJOY TRENDY DOWNTOWN SHOPPING, DINING, AND EVEN WORKSPACE OPTIONS.
JUST A SHORT WALK AWAY ACROSS THE STREET, THERE'S AN ADDITIONAL 39,600 SQUARE FEET OF RETAIL FIT FOR A NEIGHBORHOOD MARKET.
IF YOUR FAMILY NEEDS A BIT MORE SPACE, THERE ARE 13 TOWNHOUSES ON THE WEST END OF THE DEVELOPMENT.
BUT WHETHER YOU LIVE HERE OR JUST WANNA STOP BY ON THE WEEKENDS, PARKING WILL BE A BREEZE WITH PLANS TO CREATE 733 PUBLIC AND PRIVATE PARKING SPOTS WITHIN THIS NEW CONSTRUCTION.
IT'S AN IDEAL SPACE FOR ALL OF OUR FAMILIES, BUT NEW DOWNTOWN RESIDENTS WILL ENJOY A VIBRANT, WALKABLE LIFESTYLE ON PAR WITH ANY METROPOLITAN NEIGHBORHOOD.
YOU CAN START YOUR DAY WAKING UP IN YOUR BRIGHT AND SPACIOUS DOWNTOWN HOME.
WALK DOWNSTAIRS FOR A CUP OF COFFEE, THEN HEAD RIGHT OVER TO WORK AT AN INCUBATOR OFFICE SETTING.
TAKE LUNCH AT YOUR CHOICE OF WORLD CLASS RESTAURANTS OR LOCAL FAVORITES, OR TAKE A BUSY LUNCH BREAK BY RUNNING ERRANDS LIKE GROCERY SHOPPING OR TAKING YOUR PET TO THE GROOMERS.
AFTER WORK, GRAB A DRINK WITH FRIENDS AT THE CORNER BREWERY.
SPEND TIME BY THE POOL OR TAKE A STROLL THROUGH THE GREEN SPACE AND GARDENS IN THE AMENITY DECK.
THE PERFECT PLACE TO UNWIND, SOCIALIZE, CONNECT WITH NATURE, AND ADMIRE THE NEW ART INSTALLATIONS UNIQUE TO GRAND PRAIRIE.
THE WALK AROUND THE NEIGHBORHOOD FEATURES NODS TO OUR CITY'S RICH HISTORY.
YOU CAN REALLY APPRECIATE THE TOUCH OF HERITAGE MAINTAINED IN THIS NEWLY REPURPOSED RETAIL AREA.
THESE SPACES BLEND THE OLD WITH THE NEW, CREATING A UNIQUE SHOPPING EXPERIENCE THAT HONORS OUR CITY'S PAST, WHILE LOOKING FORWARD TO ITS FUTURE.
BUT WHAT REALLY BRINGS THE COMMUNITY TOGETHER, PUBLIC GATHERINGS ON THE GREEN SPACE AND STATE-OF-THE-ART EVENT STAGE, IT CAN EASILY ACCOMMODATE A CROWD IN ITS VENUE LAYOUT, BUT ADAPTS WITH LITTLE EFFORT INTO A SPACE FOR ARTS AND SHOPPING FESTIVALS THROUGHOUT THE YEAR AS A VENUE.
IT'S PERFECT FOR TOWN HALLS AND A VARIETY OF OTHER CITY SUPPORTED EVENTS, BUT IT ALSO OFFERS A SPACE WHERE WE CAN HONOR OUR RICH CULTURAL DIVERSITY.
THROUGH THE COLOR AND TRADITION AT THE CINCO DE MAYO FESTIVAL, CELEBRATING FREEDOM EVERY JUNETEENTH AND A DISPLAY OF COLORFUL LIGHTS AND HOLIDAY SPIRIT, EVERY WINTER, ALL IN A SAFE, CLEAN, AND WELCOMING SETTING.
THE TIMING OF THIS DEVELOPMENT COINCIDES WITH THE PLANNED REVITALIZATION OF MAIN STREET, CULMINATING IN A GRAND OPENING OF A BEAUTIFUL NEW DOWNTOWN DESTINATION AND AN EQUALLY BEAUTIFUL ROAD LEADING TO IT.
THIS PROJECT ISN'T JUST ABOUT BUILDING A PLACE TO LIVE, IT'S ABOUT CREATING A COMMUNITY WE CAN BE PROUD OF A PLACE WHERE YOU CAN THRIVE, BUSINESSES CAN GROW, AND THE SPIRIT OF DOWNTOWN GRAND PRAIRIE CAN SHINE BRIGHTER THAN EVER.
YOUR GRAND PRAIRIE STAFF HAS PUT THIS TOGETHER, LOOKING AT RETAIL, ENTERTAINMENT, RESIDENTIAL, IF OUR STAFF WILL COME UP.
A LOT OF US HAD INPUT ON THIS.
AND COUNSEL, SHOULD YOU HAVE ANY QUESTIONS, WE'RE HERE AND WE'RE FULLY CAPABLE OF ANSWERING ANY QUESTIONS YOU MAY ASK, WE MAY BE QUESTIONED OUT.
BILL
UH, COUNCIL MEMBER LOPEZ? NO, JUST, I MEAN, WE UNDERSTAND WHERE THE CITY OF GRAND PRAIRIE, RIGHT? AND WE HAVE CERTAIN ROLES AND, BUT GIVEN SOME PRESENTATIONS TONIGHT, WE ARE GONNA HAVE TO LOOK FOR PARTNERS, RIGHT? TO MAKE THIS VISION COME INTO PLAY.
SO IS THAT SOME OF THE THOUGHT PROCESSES? TRY AND LOOK FOR, WE'RE MORE OF THE QUARTERBACK OF THE VISION, BUT FINDING PARTNERS TO WORK WITH TO MAKE CERTAIN PARTS WORK FOR THIS VISION.
IS THAT WHAT YOU'RE TRYING TO SAY? COUNCIL MEMBER LOPEZ? THAT'S EXACTLY IT.
WE WOULD LIKE TO BE THE QUARTERBACK FOR THIS PROJECT AND WITH A SHORT SHOT CLOCK, WE BELIEVE THAT WE CAN PULL PARTNERS TOGETHER AND MAKE WHAT YOU SEE IN THIS VIDEO AS WELL AS WHAT YOU SEE IN THE HANDOUT.
UM, I DON'T THINK WE HAVE ANY OTHER QUESTIONS.
UH, COUNCIL MEMBER SHOTWELL HAS HIS HAND UP.
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GO AHEAD TONY.LET, WHO DO I TALK TO? BILL WALTER, JUST ASK THE QUESTION.
WE'LL SEE WHO NEEDS TO ANSWER IT.
UM, WHAT, WHAT DO YOU, WHAT IS YOUR VISION OF WHAT YOU WANT TO DO HERE? YOU WANT TO, I'M GONNA ASK THE SAME QUESTION.
YOU WANNA BUILD IT AND KEEP IT, OR YOU WANNA BUILD IT AND FLIP IT? YOU WANNA BUILD IT AND OPERATE IT YOURSELF? BUILD AS A YEAH.
PUT IT, PUT IT AS A DEPARTMENT OF THE CITY.
GIMME THE, TELL ME WHAT YOU WANNA DO WITH IT.
WHAT WE WOULD LIKE TO DO WITH THIS IS BY WORKING THROUGH OUR PARTNERS, WHAT WE WOULD DO IS THOSE THINGS THAT WE NEEDED TO SELL OR WORK WITH OUR PARTNERS TO ACQUIRE THE FINANCING THROUGH OUR PARTNERS.
AND OUR PARTNERS WOULD BE THE OWNERS, OPERATORS OF THEM.
OR IF THERE'S SOMETHING THAT WE DID INDEED NEED TO LEASE, I THINK ALL OF THAT WE COULD, WE COULD HASH OUT.
WE REALLY FEEL LIKE IT'S A POSSIBILITY THAT WE WOULD WORK WITH ANY AND ALL OF OUR PRESENTERS TONIGHT AS PARTNERS IN THIS OVERALL PROJECT.
SO YOU'RE SAYING YOU'D LIKE TO BE THE GC AND THAT'S IT PRETTY MUCH.
COUNCIL MEMBER ADAMS? NO, WAIT, WAIT.
I GUESS WE'D DO, IT'D BE THE SAME THING.
WE'D HAVE TO TALK ABOUT THE COST.
'CAUSE GCS ARE, ARE, I LOVE THEM.
THEY, THEY SERVE A PURPOSE, BUT THEY ARE A MIDDLEMAN THAT IT'D BE PART OF THE NEGOTIATION.
SO I DON'T KNOW IF THAT'D BE BETTER, BETTER DEAL TO JUST GO TO THE END OR NOT.
COUNCIL MEMBER ADAMS. YES, DEFINITELY KUDOS TO STAFF.
I LIKE YOUR PRESENTATION WITH THE VIDEO AND HOW YOU TRANSITIONED THE OLD LOOK INTO WHAT COULD BE.
ALSO, I DO APPRECIATE YOU HONORING THE GREEN SPACE AND MAKING IT STILL VERSATILE.
AND I THINK YOU TOUCHED ON EVERY ONE OF OUR DESIRES FOR DOWNTOWN, BUT YOU MENTIONED GROCERY STORE.
CAN YOU TELL US A LITTLE BIT MORE ABOUT THAT? IT'S GONNA BE OUR OWN, THESE ARE THE EMPLOYEES, OUR OWN GROCERY STORE.
WHO'S GONNA BE CASHIERS AND WHO'S GONNA BE BAGGING JUST PAPER, PLASTIC,
I MEAN, THEY WOULD LOVE TO GET ONE.
ONE, ONE OF THE THINGS THAT WE THINK WE'LL BE CAPABLE OF DOING IS BECAUSE OF THE CONCENTRATION OF PEOPLE, WE WILL BE ABLE TO HAVE A NEIGHBORHOOD GROCERY STORE THAT WOULD BE CAPABLE OF SERVICING THE PEOPLE THAT ARE LIVING IN THE APARTMENT COMPLEX FOR ESSENTIAL NEEDS.
NOT, NOT YOUR, IT WOULDN'T BE AN HEB, IT WOULD NOT BE A, I JUST WANT TRADER JOE'S.
IT WOULD BE SOMETHING A LITTLE BIT SMALLER THAN THAT TRADER JOE'S.
BUT IT WOULD BE SOMETHING THAT WE ARE ENVISIONING UTILIZING THE, UH, FAB OR THE AREA OF THE FAB IN ORDER TO CREATE.
UH, COUNCIL OH, HANG ON A LATE LIGHT COUNCIL MEMBER.
I ALREADY ASKED THIS TO THE OTHER PRESENTERS.
UM, HOW DO YOU ALL FEEL ABOUT A SPACE WHERE WE ARE, UH, ACCOMMODATING MULTIPLE VENDORS IN A SPACE RATHER THAN SOMEONE BUYING OUT A WHOLE LEASE OF ONE OF THESE LARGER RETAIL SPACES? THAT IS ONE OF THE THINGS THAT WE WERE LOOKING AT.
AND AS YOU KNOW, THERE IS SOME ADDITIONAL PROPERTY THAT THE CITY DOES OWN ACROSS THE STREET, WHICH WE, WHERE WE WOULD BE USING FOR INCUBATOR SPACE AND BUILD OUT IS INCUBATOR SPACE.
SO WHEN YOU SAY INCUBATOR SPACE, WHAT DO YOU MEAN BY THAT? THEY WOULD NOT BE PAYING SMALL BUSINESSES, STARTUP BUSINESSES, UH, UH, ONE OF A KIND, DELAYED RENT, SUBSIDIZED RENT, DELAYED RENT.
ARE ALL THOSE THINGS THAT YOU, WE ALL THINK ABOUT WHEN WE THINK OF AN INCUBATOR.
I GOT ANOTHER LATE LIGHT SHOCK CLOCK.
UM, TOWN HOMES, THOSE TOWN HOMES WOULD BE ASSOCIATED WITH THE APARTMENTS, THEREFORE THEY WOULD BE FOR LEASE THERE FOR LARGER FAMILIES.
ONE OF THE THINGS THAT WE FELT LIKE WE NEEDED TO ACCOMMODATE IS FAMILIES THAT ARE GONNA BE LARGER THAN TWO OR THREE OR FOUR MEMBER FAMILIES.
AND THAT'S WHAT THOSE TOWN HOMES WOULD BE EFFECTIVE US IN US DOING.
AND, YOU KNOW, I DON'T HAVE A PROBLEM WITH LEASE TOWN HOMES 'CAUSE WE MAINTAIN THE UPKEEP ON IT.
HOW MANY SQUARE FEET? OUR TOWN HOMES WOULD PROBABLY BE IN THE NEIGHBORHOOD OF 1600 SQUARE FEET.
LET'S TAKE A QUICK FIVE MINUTE BREAK, THEN WE'LL COME BACK FOR THE AGENDA REVIEW.
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AFTER THE BREAK, QUICK BREAK, THEN WE'LL COME BACK FOR THE AGENDA REVIEW.WE'RE, WE WILL CONTINUE ON WITH OUR BRIEFING.
I'LL TURN IT OVER TO, UH, MAYOR PRO TEM CLEMSON FOR THE AGENDA REVIEW.
WE HAVE ITEMS NUMBER FIVE THROUGH 24 ON THE CONSENT AGENDA.
AND, UM, IF WE HAVE QUESTIONS AT THIS TIME, READY? I HAVE, I, I HAVE ITEMS THAT, UM, YEAH, 11, 12, 13, 17, 19, 20, 23, 24, 28, 3, 4, AND 35.
SO YOU WOULD LIKE INFORMATION ON EACH ONE OF THOSE? YES.
STAFF MAYOR PRO, WE'RE ASKING THE TABLE 11.
AND UNTIL WHAT DATE? UN UNTIL THE SECOND MEETING IN AUGUST.
THE, THE CONCERN I HAVE WITH ITEM 12 IS THAT IT'S A BID FOR $49,999.
IT GIVES THE APPEARANCE THAT WE ARE DOING A, UH, SPLIT PURCHASING.
AND WHAT A SPLIT PURCHASE IS, IS THAT YOU GET RIGHT UP UNDER THE AUTHORIZED AMOUNT AND THEN YOU COME BACK LATER.
AND I FIND IT VERY ODD TO BE A FORMER CONTRACTING OFFICER THAT YOU GET A BID RIGHT UP UNDER $49,999.
I THINK I HEARD THE, UH, LAST PART OF YOUR QUESTION THERE.
I APOLOGIZE IF I MISSED A PART OF IT.
THE, UH, WE'RE USING A, UM, UH, MASTER AND LOCAL AGREEMENT WITH THE CITY OF IRVING.
SO THAT'S THE AMOUNT THAT THEY SET THAT AT THE CITY OF IRVING DID.
UH, WE ARE ONLY PAYING THIS CONTRACTOR A PERCENTAGE, UH, WHICH IS 15% OF ANY SPONSORSHIPS THAT SHE SELLS.
SO WE CAN JUST, WE CAN GO UP TO THAT AMOUNT.
UM, HISTORICALLY WE'VE BEEN WORKING WITH HER FOR ABOUT A YEAR.
UM, HER SPONSORSHIPS ARE ANYWHERE FROM ABOUT A THOUSAND TO $5,000.
UH, WE'RE NOT LIMITING HER TO THAT, BUT THAT'S TYPICALLY THE, UH, THE LEVEL THAT SHE'S BEEN BRINGING IN TO DATE, WE'VE PAID HER BETWEEN THREE AND $4,000.
UH, I WAS JUST QUESTIONING WHY WAS THE, UH, VETERINARIAN, UH, OUTTA ARLINGTON SELECTED AND WE ONLY HAD ONE VET IN THE CITY OF GRAND PRAIRIE THAT'S NOT ABLE TO TAKE.
WE DON'T HAVE ANY VETS IN GRAND PRAIRIE THAT COULD TAKE CARE OF DANIEL SAYS THE CHIEF OF POLICE, SIR.
I WOULD LOVE IT IF WE COULD GET A GRAND PRAIRIE VET TO TAKE THAT CONTRACT.
THEY DID NOT BID AT THIS PARTICULAR TIME BECAUSE THERE'S A LOT OF REQUIREMENTS THEY HAVE TO DO.
WE CAN'T TAKE OUR POLICE, WORKING DOGS OR SOCIALIZE WITH THE VETERINARIAN AND ANIMALS.
THEY HAVE TO BE, UH, SECLUDED.
AND THERE'S ALSO SOME OTHER, UH, REQUIREMENTS THAT THE VET HAS TO COME TO OUR ANIMAL SHELTER.
SO, UM, THE GRAND PRAIRIE VET DID NOT BID ON THIS PARTICULAR CONTRACT.
UH, IT'S MY UNDERSTANDING WE, WE, UH, WOULD LOVE FOR THEM TO BID.
AND, AND I THINK THIS CONTRACT'S GOOD FOR A YEAR.
AND WE'LL GO BE ON THE DOOR AGAIN.
HOPEFULLY WE CAN GET OTHER VETS IN.
COUNCIL MEMBER JOHNSON, MAY I MAKE A RECOMMENDATION? UH, LET'S ASK THESE OUT IN THE GENERAL MEETING.
I HAVE NO PROBLEMS SINCE WE MAY HAVE OTHERS THAT WANT TO ASK.
YOU KNOW, HAROLD MAY FILL OUT, I THOUGHT I WAS GONNA HELP HIM BEFORE YOU GOT HERE.
I LIKE YOUR TRAIN OF THOUGHTS, SIR.
MAYOR, DID, DID ANYBODY WANT ANY OF THE CONSENT AGENDA ITEMS PULL? WELL, WE WILL PULL 'EM FOR, WE'RE GONNA DO THE SAME THING AT THE REGULAR SESSION.
UH, AND WE WILL PULL 'EM FOR EITHER INDIVIDUAL CONSIDERATION OR FOR AN EXPLANATION.
YEAH, I WAS GONNA PULL ITEM NUMBER 19.
UM, WHEN IT CAME BEFORE, WHEN IT CAME BEFORE CONSIDERATION, YEAH.
WE'LL PULL IT FOR INDIVIDUAL CONSIDERATION.
ALSO FOR ITEM NUMBER 25, I WOULD LIKE FOR COUNCIL TO VOTE ON THE NOMINATION FOR ANGELA TO THE PLANNING AND ZONING COMMISSION INDIVIDUALLY AND NOT AS A COLLECTIVE.
UH, COUNCIL MEMBER LOPEZ? YEAH, MAYOR, UH, WE'RE STILL UNDER ITEM FIVE THROUGH 24, RIGHT? YES.
JUST WANNA MAKE SURE WE'RE IN THE RIGHT SECTION.
UM, BUT IF YOU MENTION SOMETHING ELSE, WE'LL ALLOW IT.
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NUMBER SIX, THE SPORTS COURT.I LIKE TO TAKE THAT ITEM OFF OF THE CONSENT AND, AND VOTE THAT INDIVIDUALLY.
SO WE HAVE, UM, ITEMS NUMBER SIX THAT WILL BE PULLED.
NUMBER 11 WILL BE TABLED AND THE REST WE WILL DISCUSS AT NINETEEN'S PULLED AND 19, UH, IS PULLED AS WELL.
AND, AND WE MAY PULL SOME OTHER ONES DEPENDING ON WHAT THE ANSWER IS OUT IN, IN A REGULAR MEETING.
FOLKS WE'RE GOING INTO EXECUTIVE SESSION.
THE CITY COUNCIL MAY CONDUCT A CLOSED SESSION PURSUANT TO CHAPTER 5 5 1, SUB CHAPTER D OF THE GOVERNMENT CODE BTCA TO DISCUSS ANY OF THE FOLLOWING.
ITEM ONE, SECTION 5 5 1 0.071.
CONSULTATION WITH ATTORNEY RE REGULATION OF GROUP LIVING RESIDENTIAL UNITS, SECTION ONE THREE DASH 6 32 OF THE GRAND PRAIRIE CO OF ORDINANCES.
ITEM TWO, SECTION 5 5 1 0.072.
DELIBERATION REGARDING REAL PROPERTY ITEM FIVE, SECTION 5 5 1 0.087 DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS.
WE WILL TRY TO BE BACK OUT HERE FOLKS, WE'LL TRY TO GET BACK OUT HERE AS FAST AS WE CAN.
I CANNOT, WE HAVE TO GO INTO EXECUTIVE SESSION SO Y'ALL REMAIN PATIENT WITH US.