Agenda - Economic Development Authority - 09/17/2015

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(Attachment #1) Parkview EasApartments overview Parkview East, LLC is proposing to build a 122 unit Market Rate apartment in the COR development Iocated in the City of Iamsey. This building will be a four story structure that wiII overlook The Draw Park. Our plan incorporates trail connection to existing walking trails that access the Draw Park and the bouevards that connect to the City's boulevards. We have integrated many unique qualities in the exterior finishes we selected, the specs incorporate a high 1:evel of aesthetics. There is four sided architecture that consists will be over 50% of brick/cultured stone/Nichiha panels. The windows will have a mission style internal grid and will be energy efficient with multiple glazings. There will be two patios will gas grills and patio furniture for the tenants to use. The tenants will have access to a community garden that will be irrigated and can grow fresh vegetables. The complex will utilize both attached tuck under garages and detached garages that will use the same high level finishes as used in the apartment building. nside each rentai unit we will incorporate the foIowing items: Granite countertops and windowsills, Stainless Steel appliances, wood plank flooring, energy efficient front load washers and dryers, entry access key fobs, wood binds. The community room will include dining room tabies, sofas, coffee tabies, oversized wall mounted TV, a Nintendo VVii, DVD/Blu Ray player, full kitchen and patio access. Tenants will have access to a fitness center with commercial exercise equipment, flat screen TV's and various small pieces of fitness equipment. We anticipate a diverse make up of the type of tenants, which will include: Seniors downsizing their housing, new families with small children, single professionals, handicapped individuals, and most any other type of tenant that does not wish to live in a single famiLy home. This coniplex will be a Market Rate building which is grossly lacking withiri a 5 mile radius from this site. Tenants will also desire to live here given the close proximity to the Northstar Commuter Rail, people may work downtown and take the Iight rail to work. In conclusion, we fe& we are proposing exactly what this area needs. For far too long the needs of the middle section ofthe rental market is not being addressed. By having aI ofthese amenities in dose proximity to both a park and light rail, tenants will find this Iocation ideal.