J P LIVING AT CATALINA PHOENIX, ARIZONA Project Team
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Transcript of J P LIVING AT CATALINA PHOENIX, ARIZONA Project Team
J P LIVING AT CATALINAPHOENIX, ARIZONA
Project Team
DEVELOPER ARCHITECT ENGINEERJohn A. LiSanti, President Damon Leverett, AIA Rachid Dia, P. E.
American Realty & Development Durrant Group David Evans & Assoc., Inc
369 B Third Street, Suite 269 2141 E. Highland Ave, #200
San Rafael, CA 94901 Phoenix, AZ 85008 Phoenix, AZ 85016
LANDSCAPE ARCHITECT CONTRACTOR PROJECT MANAGERKristina Floor, RLA, ASLA Ken Schacherbauer A. Dean Spears
Floor Associates Perini Building Company Black Mountain Engineering, LLC
1425 North 1st Street, 2nd Floor 360 East Coronado Road 1000 West Coy Drive
Phoenix, AZ 85004 Phoenix, AZ 85067 Flagstaff, AZ 86001
REAL ESTATE BROKER REPRESENTATION Ray Pacioni Nicholas J. Woods
Fairmount Corp. Snell & Wilmer
22 E. Buchanan One Arizona Center
Phoenix, AZ 85004 Phoenix, AZ 85004
J P LIVING AT CATALINAJ P LIVING AT CATALINAPHOENIX, ARIZONAPHOENIX, ARIZONA
Located in the mid-town area of Phoenix, Located in the mid-town area of Phoenix, the 3rd Street and Earll Drive project is a the 3rd Street and Earll Drive project is a gate-guarded urban enclave of Flats, and gate-guarded urban enclave of Flats, and High Rise Condominium residences High Rise Condominium residences integrated into a world-class recreational integrated into a world-class recreational environment featuring a state-of-the-art environment featuring a state-of-the-art fitness center, swimming pools, tennis and fitness center, swimming pools, tennis and beach volleyball courts. beach volleyball courts.
J P LIVING AT CATALINAJ P LIVING AT CATALINAPHOENIX, ARIZONAPHOENIX, ARIZONA
The unique project design includes 3 The unique project design includes 3 condominium towers each having 21 condominium towers each having 21 floors totaling 552 units, 126 flat units, floors totaling 552 units, 126 flat units, and a 1,118 space underground parking and a 1,118 space underground parking structure that allows for both cost-structure that allows for both cost-efficient construction and compatibility efficient construction and compatibility with the surrounding residential with the surrounding residential neighborhood. neighborhood.
Project Site Plan3033 North 3rd Street, Phoenix, AZ 85012439,307 Gross SQ FT, 360,302 Net SQ FT (8.3 Acres)
Condominium TowersUnit Type In Each Tower
One Bedroom 35 Units
One Bedroom + Den 34 Units
Two Bedroom 70 Units
Two Bedroom + Den 37 Units
Three Bedroom 6 Units
Three Bedroom + Den 2 Units
Total Number 184 Units
Condominium TowersUnit Size In Each Tower
One Bedroom Units
Floor 2 1 @ 972 SF
Floors 3 – 19 1 @ 959 SF On Each Floor
1 @ 974 SF On Each Floor
Total Units = 35
Total Square Foot = 33,833 SF Each Tower
Total All 3 Towers = 101,499 SF
Condominium TowersUnit Size In Each Tower
One Bedroom + Den Units
Floor 2 0 Units
Floors 3 – 19 1 @ 933 SF On Each Floor
1 @ 969 SF On Each Floor
Total Units = 34
Total Square Foot = 32,334 SF Each Tower
Total All 3 Towers = 97,002 SF
Condominium TowersUnit Size In Each Tower
Two Bedroom Units
Floor 2 1 @ 1,198 SF
1 @ 1,464 SF
Floors 3 – 19 1 @ 1,067 SF On Each Floor
1 @ 1,198 SF On Each Floor
Total Units = 36
Total Square Foot = 41,167 SF Each Tower
Total All 3 Towers = 123,501 SF
Condominium TowersUnit Size In Each Tower
Two Bedroom + Den Units
Floor 2 1 @ 1,046 SF
Floors 3 – 19 1 @ 1,463 SF On Each Floor
1 @ 1,553 SF On Each Floor
Floors 20 1 @ 1,464 SF
Total Units = 36
Total Square Foot = 53,782 SF Each Tower
Total All 3 Towers = 161,346 SF
Condominium TowersUnit Size In Each Tower
Three Bedroom Units
Floors 3 - 19 1 @ 0 SF On Each Floor
Floors 20 - 21 1 @ 2,026 SF
1 @ 2,041 SF
1 @ 2,192 SF
Total Units = 3
Total Square Foot = 6,259 SF Each Tower
Total All 3 Towers = 18,777 SF
Condominium TowersUnit Size In Each Tower
Three Bedroom + Den Units
Floors 3 - 19 1 @ 0 SF On Each Floor
Floors 20 - 21 1 @ 3,720 SF
Total Units = 1
Total Square Foot = 3,720 SF Each Tower
Total All 3 Towers = 11,160 SF
J P LIVING AT CATALINAPHOENIX, ARIZONA
Flats Units (Townhomes)One Bedroom @ 840 SF
Total Units = 63
Two Bedrooms @ 1,878 SF
Total Units = 63
Total Number = 126 Units
In 63 Buildings
Project PhasingThere are Four Phases of Construction
Phase 1 South Tower 184 Units 40 Flat Units and Recreation Building
Phase 2 North Tower 184 Units 12 Flat Units
Phase 3 East Tower 184 Units26 Flat Units
Phase 4 48 Flat Units
Phase 1Construction Costs
Phase 1 South Tower 318,260 SF
40 Flats 54,360 SF
Recreation Building 13,750 SF
Total Construction Cost
$74,115,819.00
Total Construction Cost per Square Foot
$191.83 / SF
Phase 2Construction Costs
Phase 2 North Tower 318,606 SF
12 Flats 16,308 SF
Total Construction Cost
$53,138,825.00
Total Construction Cost per Square Foot
$158.66 / SF
Phase 3 East Tower26 Flat Units
Phase 3 East Tower 314,134 SF
26 Flats 35,334 SF
Total Construction Cost
$54,166,135.00
Total Construction Cost per Square Foot
$154.99 / SF
Phase 4 48 Flat Units
Phase 4 48 Flats 65,232 SF
Total Construction Cost
$12,161,066.00
Total Construction Cost per Square Foot
$186.43 / SF
Construction Cost
Phase 1 Construction Cost $74,115,819.00
Phase 2 Construction Cost $53,138,825.00
Phase 3 Construction Cost $54,166,135.00
Phase 4 Construction Cost $12,161,066.00
Total Construction Cost $193,581,845.00
Graph Construction CostsPer Phase of Construction
0
10
20
30
40
50
60
70
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1 2 3 4
South Tower
North Tower
East Tower
Flats
Average Sales PriceAverage Sales Price
Based on $650 per square footBased on $650 per square foot
One Bedroom UnitsOne Bedroom Units1 @ 972 SF x $650 = $ 631,800.001 @ 972 SF x $650 = $ 631,800.00
17 @ 959 SF x $650 = $10,596,950.0017 @ 959 SF x $650 = $10,596,950.00
17 @ 974 SF x $650 = $10,762,700.0017 @ 974 SF x $650 = $10,762,700.00
Total Sales 35 One Bedroom Units = Total Sales 35 One Bedroom Units = $21,991,450.00$21,991,450.00
Average Sales PriceAverage Sales Price
Based on $650 per square footBased on $650 per square foot
One Bedroom + Den UnitsOne Bedroom + Den Units
17 @ 933 SF x $650 = $10,309,650.0017 @ 933 SF x $650 = $10,309,650.00
17 @ 969 SF x $650 = $10,707,450.0017 @ 969 SF x $650 = $10,707,450.00
Total Sales 34 One Bed + Den Units = Total Sales 34 One Bed + Den Units = $21,017,100.00$21,017,100.00
Average Sales PriceAverage Sales Price
Based on $650 per square footBased on $650 per square foot
Two Bedroom UnitsTwo Bedroom Units1 @ 1,198 SF x $650 = $ 778,700.001 @ 1,198 SF x $650 = $ 778,700.00
1 @ 1,464 SF x $650 = $ 951,600.001 @ 1,464 SF x $650 = $ 951,600.00
17 @ 1,067 SF x $650 = $11,790,350.0017 @ 1,067 SF x $650 = $11,790,350.00
17 @ 1,198 SF x $650 = $13,237,900.0017 @ 1,198 SF x $650 = $13,237,900.00
Total Sales 36 Two Bedroom Units = Total Sales 36 Two Bedroom Units = $26,758,550.00$26,758,550.00
Average Sales PriceAverage Sales Price
Based on $650 per square footBased on $650 per square foot
Two Bedroom + Den UnitsTwo Bedroom + Den Units1 @ 1,046 SF x $650 = $ 679,900.001 @ 1,046 SF x $650 = $ 679,900.00
1 @ 1,464 SF x $650 = $ 951,600.001 @ 1,464 SF x $650 = $ 951,600.00
17 @ 1,463 SF x $650 = $16,166,150.0017 @ 1,463 SF x $650 = $16,166,150.00
17 @ 1,553 SF x $650 = $17,160,650.0017 @ 1,553 SF x $650 = $17,160,650.00
Total Sales 36 Two Bed + Den Units = Total Sales 36 Two Bed + Den Units = $34,958,300.00$34,958,300.00
Average Sales PriceAverage Sales Price
Based on $650 per square footBased on $650 per square foot
Three Bedroom UnitsThree Bedroom Units1 @ 2,026 SF x $650 = $ 1,316,900.001 @ 2,026 SF x $650 = $ 1,316,900.00
1 @ 2,041 SF x $650 = $ 1,326,650.001 @ 2,041 SF x $650 = $ 1,326,650.00
1 @ 2,192 SF x $650 = $ 1,424,800.001 @ 2,192 SF x $650 = $ 1,424,800.00
Total Sales 3 Three Bedroom Units = Total Sales 3 Three Bedroom Units = $4,068,350.00$4,068,350.00
Average Sales PriceAverage Sales Price
Based on $650 per square footBased on $650 per square foot
Three Bedroom + Den UnitThree Bedroom + Den Unit
1 @ 3,720 SF x $650 = $ 2,418,000.001 @ 3,720 SF x $650 = $ 2,418,000.00
Total Sales 1 Three Bed + Den Unit = Total Sales 1 Three Bed + Den Unit = $2,418,000.00$2,418,000.00
TOTAL SALES OF ALL TOTAL SALES OF ALL 184 UNITS184 UNITS
PER TOWERPER TOWER$111,211,750.00$111,211,750.00
TOTAL SALES ALL 3 TOWERSTOTAL SALES ALL 3 TOWERS$333,635,250.00$333,635,250.00
FLAT UNIT SALESFLAT UNIT SALES
Based on $450 per square footBased on $450 per square footOne Bedroom UnitsOne Bedroom Units
63 @ 840 SF X $450 = $23,814,000.0063 @ 840 SF X $450 = $23,814,000.00
63 @ 1,878 SF X $450 = $53,241,300.0063 @ 1,878 SF X $450 = $53,241,300.00
Total Sales Flat Units = $77,055,300.00Total Sales Flat Units = $77,055,300.00
GROSS PROFITSGROSS PROFITSAFTER AVERAGE SALESAFTER AVERAGE SALES
Combined Sales $410,690,550.00Combined Sales $410,690,550.00 Less Construction Costs $193,581,845.00Less Construction Costs $193,581,845.00 Less Land Costs $ 30,000,000.00Less Land Costs $ 30,000,000.00 Less Abatement Costs Less Abatement Costs $ 3,000,000.00$ 3,000,000.00
Average Gross Profits Average Gross Profits $184,108,705.00$184,108,705.00
The project will be delivered The project will be delivered fully entitled with marketing and fully entitled with marketing and
unit pre-sales in place. unit pre-sales in place.