Carrollton High School Welcomes Colonel Slaughter GA-20061 CARROLLTON TROJANS.
2014 Focus North Texas Carrollton TOD
26
Where Connections Happen Peter J. Braster Senior Development Manager
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Carrollton TOD for APA Focus North Texas
Transcript of 2014 Focus North Texas Carrollton TOD
Where Connections Happen
Peter J. Braster
Senior Development Manager
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Opened 12/2010
Square
Square
Phase 1 98% Leased in
8 months!
• 314 Apartments:
Phase 1 = 8 Live/Work + 170 apartments
Phase 2 = 134 apartments
• Twisted Root Restaurant
• Parking Garage: 460 spaces
which includes 125 municipal spaces
• Development Budget: Phase 1 $25,941,667
Phase 2 $10,754,723
City Participation: $13,233,726
• Ground Lease
• Parking Garage Lease
• Funded Parking Garage (Include 125 Public Spaces)
• Public Infrastructure: Utilities, Streets, Streetscape
• Construction Security Incentive -
Refunded with Interest 1 year early
• 50 / 50 Profit Share
• Expect Profit return by 2015
Carrollton’s
1st Public/ Private Partnership
$8,050,000
5/31/11
8/2/12
Union at Carrollton Square Phase 2
Union at Carrollton Square Phase 2
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Trinity Mills Transit District is the #1 TOD
Development Opportunity in North Texas with
25.5 acres of developable land owned by the City of
Carrollton and Dallas Area Rapid Transit.
Master Developer To Be
Announced Soon!
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Lessons Learned
Who is the Right Developer?
Who is the Right Developer?
It could be a great team of firms.
Who is the Right Developer?
It could be a great team of people.
Who is the Right Developer?
It could be a big name.
Who is the Right Developer?
You will know them when you see them.
Some things to consider:
• Make sure the bench is deep.
Your deal is with the firm not the person.
• Are they a Merchant Developer?
Build and sell.
• Are they in it for the Long Haul?
Build and hold.
