INVESTMENT PROSPECTUS - LoopNet
Transcript of INVESTMENT PROSPECTUS - LoopNet
Todd Rainsberger Owner 352.264.3144 Office 352.339.5533 Cell [email protected]
Beau Beery, CCIM, MSRE
Owner, Broker 352.264.3772 Office 352.871.8324 Cell [email protected]
Retail
Restaurants
Office
Town-homes
Luxury apartments
INVESTMENT PROSPECTUS
Rick Cain 352.264.3806 Office 352.281.9393 Cell [email protected]
Perry Pursell 352.264.3740 Office 352.665.9731 Cell [email protected]
23 WEST is proposed to be a mixed-use, urban scale community with a
mixture of retail, office and residential uses. The project was approved under
Alachua County’s Traditional Neighborhood Development (TND) policies.
The project has received Preliminary Development Plan from Alachua
County.
PROJECT DESCRIPTION
23 West is a 21.76 acre mixed-use development that is fully entitled for more than
90,000 square feet of retail, restaurant and office space and 150 plus residential units
consisting of apartments, townhomes and condos (see site plan on page 3).
The TND polices provide flexibility on the type, mix and location of non-residential and
residential uses. Use can include the following:
•Retail uses can include boutique shops, coffee shops, a pharmacy, bank,
restaurant, fast-food and gas station with convenience store.
•Office uses can include, professional, business and personal services,
medical, dental, and veterinary uses.
•Residential uses can include single family detached, single family
attached, apartments, hotel, independent and assisted living units.
LOCATION
The project is located at the Northeast corner of NW 23rd Avenue and NW 98th Street.
The project is roughly a mile southwest of the Interstate 75 and NW 39th Avenue
interchange (see aerial on page 4).
Santa Fe College with over 20,000 students is less than 1 mile east of 23 West.
Hidden Oak Elementary and Ft. Clarke Middle are less than a 1/4 mile east of the
project and have a combined enrollment of over 1,600 students.
The Meadowbrook Golf Club is just across the street on NW 98th Street.
ACCESS
Primary access into 23 West will be provided via NW 23rd Avenue and NW 98th Street.
Both NW 23rd Avenue and NW 98th Street are two lane divided roadways. There is a
signal at the intersection of NW 23rd Avenue and NW 98th Street.
The primary driveway connections to both NW 23rd Avenue and NW 98th are full access.
An optional right-in / right-out access is allowed to both roadways.
Property Address:
Parcel Number:
Project Size:
Project Location:
Future Land Use:
Existing Zoning:
Approved Land Use:
Number of Approved Units:
Maximum number of stories:
Allowable Residential Unit Types:
Proposed Residential Unit Mix:
Residential Parking:
Approved Non-Residential:
Proposed Non-Residential Mix:
Non-Residential Parking:
2311 NW 98th Street, Gainesville, FL 32606
06234-000-000
21.76 Acres
The project is located at the Northeast corner of
NW 23rd Avenue and NW 98th Street. 23 West is 2
miles from the Interstate 75 and NW 39th Avenue
Interchange.
Residential Low Density (1-4)
Residential Single Family (R-1A)
Traditional Neighborhood Development
(TND) Overlay
174 Units
3 Stories
Apartments, Condos, Townhomes,
Single Family Units
90 Apartments, 40 Townhomes,
10 Condos above office
200 surface spaces, 40 spaces in garages
94,000 Sq. Ft.
47,270 Sq. Ft. of Retail
21,950 Sq. Ft. of Office
6,440 Sq. Ft. Gas & Convenience Store
360 surface spaces
FINAL PLANS
The engineer for the project has begun final engineering plans. Final survey,
geotechnical and stormwater analysis have been conducted. Below is detailed site plan
that the engineer is working on to finalize for submittal to Alachua County.
FINAL ARCHITECTURE
The architect for the project has already created floor plans, roof and framing plans and
complete interior and exterior elevations for the residential components of 23 West.
Below is the exterior elevation for apartment building 4.
SINGLE FAMILY OPTION
While 23 West has approval to develop as a Traditional Neighborhood Development
(TND), there is still the option to develop as a single family residential development.
Attached is a conceptual layout of a single family development.
23 West is ideally situated as a neighborhood serving retail and office center
surrounded by over 2,000 single family units within a mile of the project. The
schools, churches, golf course and residential units around 23 West ensure a
constant flow of traffic to support the retail and office component of the
development.
Given the proximity to Santa Fe College, Hidden Oak Elementary, and Ft.
Clarke Middle School the multi-family component of the development will be
in high demand. In addition, the multi-family product in the area is now
almost 15 years old and is really starting to show its age. The market is ready
for new residential product that includes the latest amenities and is located in
close proximity to shopping and restaurants.
The developer will remain with the project until buyer has full site plan
approval from the county. For more information on 23 West, please contact
one of the agents listed on page one.