The Developer's Project. In Section 2.1, the City acknowledges completion of the Completed TDD Improvements, and the Developer telegraphs that it may construct future TDD improvements in connection with the 7 parcels that it has not yet sold, which future TDD improvements would be likely to include parking improvements, drives, sidewalks and the other eligible improvements described on Exhibit A-2 ("Future TDD Improvements").
The Developer's Project. Developer agrees to demolish the Existing Buildings and to build a 4 story, wood-framed building with approximately 218 residential units for rent at market rates, along with approximately 16,000 square feet of first-floor retail and/or office space with frontage onto Xxxxxxx Ave. Additionally, the Project would include a structured parking facility which is "wrapped" (or mostly enclosed) by the residential units, new walkable pedestrian improvements contemplated by the Vision Xxxxxxx Plan and the Downtown Form Based Code. The total estimated cost of the Project is currently projected to be approximately $48,000,000 (of which, Developer is requesting a TIF incentive which is not to exceed $7,613,717). Pursuant to the Performance Milestones set forth in Exhibit F of the Agreement, by , 201 Developer would be required to demolish the Existing Buildings by , 2015, commence construction of the Project by , 2015 and is required to be completed .
The Developer's Project. The City has previously formed a single CID District and a TIF District with 3 separate and distinct project areas. All of the Project described below will be developed and constructed within the one CID District, but a portion of the Project is excluded from the TIF District and is not included in any of the 3 TIF project areas. The total estimated cost of the Project is currently projected to be in excess of $97M (of which, Developer is requesting a TIF incentive which is not to exceed $12.3M and a CID incentive which is not to exceed $9.8M). A more detailed description of the Project, including the portion within the various TIF project areas and the Performance Milestones for commencement and completion of the various phases (as set forth on Exhibit I of the Agreement), is below:
The Developer's Project. Developer agrees to build the 1,000,000 square feet of retail within the TDD in multiple phases in accordance with the Performance Milestones set forth on Exhibit H. The first phase of retail (125,000 s.f.) would commence in June of 2014 and is required to be completed in June of 2016. The last retail phase (Phase 8, consisting of 109,000) is to commence and complete in 2023. Though not legally required by the Development Agreement, the Developer contemplates a larger project (in addition to the TDD) that would include (a) approximately 65,000 square feet of general office and medical office space, (b) a medical center campus designed, constructed and operated by Shawnee Mission Medical Center and including a hospital, (c) approximately 350 multi-family residential units including apartments and for-sale "pinwheel" residential units, and (d) approximately 128 single family homes.
The Developer's Project. In Section 2.2, Developer commits to expand the existing operation of its automotive dealership and construct a new dealership showroom and sales building consisting of approximately 7,800 square feet (the "Project"). The Project will also include new sidewalks, landscaping and retaining walls to make the Dealership more appealing from Xxxxx Xxxx Blvd. The improvements to the dealership are expected to cost approximately $2,273,000 and be completed on or before December 31, 2015.
The Developer's Project. In Section 2.3 of the Agreement, Developer hereby agrees to design, develop and build the following 3 components of its Project:
The Developer's Project. In Section 2.01, Developer agrees to build (a) approximately 39,860 square feet of first class, mixed-use shopping, which would include specialty and boutique shops, restaurants and other retail concepts, (b) at least 4 new office buildings containing approximately 600,250 square feet of Class A office space, (c) approximately 1,382 units of first-class, luxury residential in 15 separate apartment buildings, and some units above a mixed-use retail building – which is to be of the same or better quality than the Mission Farms development (the “MXD”), and (d) 140 units of high-quality senior living facilities. The project also includes structured parking facilities, including a parking structure within the MXD and the construction of 000xx Xxxxxx and Indian Creek Parkway to service the Project Site.
The Developer's Project. Quality Manager shall document the completion of any Nonconforming Work Remedy and, if applicable, any Corrective Action, once accomplished, and promptly notify the Department so that the Department can perform its verification.
