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DEVELOPMENT TIMELINE <br />Norhart anticipates breaking ground summer 2025. Phase one will open Spring 2026 and a final <br />completion date of winter 2026. <br />BUILDING FEATURES <br />The proposed multifamily project stands 60' tall and is on an approximately 3.875 acre parcel. Tenant <br />amenities are located throughout the building and residential units are on floors 1-5. Sub -grade parking <br />will span the entire building footprint. The building footprint is 43,866 SF and the total SF of the <br />building is 263,196. <br />Underground parking <br />First Floor <br />Second Floor <br />Third Floor <br />Fourth Floor <br />Fifth Floor <br />43,866 SF <br />43,866 SF (Retail, tenant amenities and residential units) <br />43,866 SF (Tenant amenities and residential units) <br />43,866 SF (Tenant amenities and residential units) <br />43,866 SF (Tenant amenities and residential units) <br />43,866 SF (Tenant amenities and residential units) <br />II IIii o b i, it <br />The building consists of a variety of unit layouts and bedroom configurations. Below is an outline of <br />the unit types and proposed rental rates. <br />IIIIViiIIIr C°c.pIfmIr r,llu.pAII ' ,^e,r,Ir l r,'IIai "qII II' Aai'i" II'; ° P ill II,,IIIfiiIIli' <br />Studio 21 389 SF $2.35 - $2.50 $914 - $973 <br />Studio+ Alcove 20 512 SF $2.55 - $2.75 $1,306 - $1,408 <br />One Bedroom 91 567 SF & 621 SF $2.25 - $2.50 $1,276 - $1,553 <br />Two Bedrooms 70 812 SF & 992 SF $2.08 - $2.30 $1,689 - $2,282 <br />Three Bedrooms 16 1,041 SF $2.00 - $2.15 $2,082 - $2,238 <br />Number of Units 218 TOTAL <br />,uIb uli <br />Underground parking is a desired amenity with tenants. A geotechnical consultant has been engaged in <br />research to determine the water table level for various points around the site. The preliminary data <br />from the geotechnical site investigation aligns with the historic data for the site, allowing us to establish <br />an estimated water table elevation. This water table elevation was used as the controlling variable to <br />establish the acceptable building elevations. The parking level will be roughly 7' below the surrounding <br />grade, while the first floor will be roughly 5' above surrounding grade. Building perimeter grade <br />manipulation, creative uses of raised patios and ramps, and site landscaping are being utilized to <br />minimize the visual impact of this elevation. <br />aln <br />Tenants Retail <br />328 Total 16 Total surface <br />• Underground 120 <br />• Surface 208 <br />• 1.50 spaces per unit <br />