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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 43,866 SF <br /> First Floor 43,866 SF (Retail,tenant amenities and residential units) <br /> Second Floor 43,866 SF (Tenant amenities and residential units) <br /> Third Floor 43,866 SF (Tenant amenities and residential units) <br /> Fourth Floor 43,866 SF (Tenant amenities and residential units) <br /> Fifth Floor 43,866 SF (Tenant amenities and residential units) <br /> Unit Details <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 /> Unit Count Square Feet Rental Rate/SF Cost/Uni" <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 11041 SF $2.00-$2.15 $2,082-$2,238 <br /> Number of Units 218 TOTAL <br /> Parking <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 /> Parking Spaces <br /> Tenants Retail <br /> 328 Total 16 Total surface <br /> • Underground 120 <br /> • Surface 208 <br /> • 1.50 spaces per unit <br />