Laserfiche WebLink
Stater»ent of Purpose & lntent <br /> McKinley Fair Planned Unit Development (P.U.D.) <br /> The McKinley Fair PUD will allow lang vacant and underutiNzed parcels of land to be productively developed in multipie <br /> phases in a variety of uses ta include: Comrnercial as currently zoned, residentiat, multi-family and also self storage. <br /> Design:Quality affordable design guided by current trends in environmentally sound construction techniques and <br /> materials to meet the needs of the marketplace within the pricing structure of the end product. <br /> Project Costs; It is not possible to pinpoint the cost to fully develop this mixed use P.U.D. For purposes of discussion <br /> and approval, the developer has anticipated the most likely product mix of commercial, residential&storage uses and <br /> has calculated the cost accordingly.This cost when completed is estimated at Twelve—Fifteen Million Dollars <br /> ($12,000,000-$15,000,000)and full Development is projected at 4-7 years. <br /> Developer: Earth Designs Real Estate Development L.I.C. incorporated in 2008, is owned by Frank and Jennifer <br /> Perri. Mr. Perri has been engaged in the real estate business for over 32 years. He has expertise in the development of a <br /> variety of real estate projects ranging in size from$500,000-$30,000,000. These projects have included both speculative <br /> 8�build to suit projects and include office, industrial, residential and hotel ventures, as well as land development. <br /> Project Profile: McKinley Fair PUD site plan allows the development to meet emerging market demand in a variety of <br /> commercial 8�residential uses that will combine to create a viable economic model and add value to an older, mature <br /> neighborhood whose values have declined substantially from their peak. <br /> Features that are ptanned for the site include: <br /> • Creation of Community Gardens for any residential development <br /> • Use of Rain Gardens for storm water detention <br /> • Pedestrian connections to nearby shopping created to encourage walking &cycling <br /> • Site will utilize wind turbines which shall power exterior lighting to the extent of <br /> economic feasibility <br /> Overall,the goai is to transform this iarge, urban infili site into an efficient, affordable mixed use development reflecting a <br /> New Urbanist design approach within the context of the market driven economics of the project. <br /> � <br /> Filed in C��rk�� �3�f��� ; <br /> JUN � � ������ <br /> JC��6i�V����� <br /> CITY�L��E�,SC�t�'����6��,IW � <br />