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OTR FY 2012
Development Plan
• Mercer Commons
• Paint Building
• Gateway Quarter Phase V:
    •15th & Republic
    • Parvis II
    • Bakery Lofts
    • 13th & Republic
    • Nicolay
    • 1401 Elm
    • Westfalen II
    • Park Haus
    • 15th and Race Church
Mercer Commons
• $53.5 million project
• 2.695 acres – 19
  buildings and 26
  vacant parcels
• 96 market rate apts.
• 30 affordable apts.
• 28 condominiums
• 17,600 SF
  commercial
• 359 parking spaces
Walnut Street
Mercer Street
Vine Street
Vine Street and Hart Alley
PA I N T B U I L D I N G

1400 Vine Street

• Project Cost: $4.1 million
• 3,680 SF restaurant space
• 6,000 SF office space
OTR PHASE V:
• Total Development Cost-
  $23M

• 21 vacant buildings to
  be redeveloped

• 98 residential units

• 8,500 SF street level
  commercial space

• Projects:
 15th & Republic    1401 Elm
  Parvis II         Westfalen II
  Bakery Lofts      Park Haus
  13th & Republic   15th and Race
  Nicolay           (Church)
1 5 TH & R E P U B L I C

13 W 15th,1427, 1428 & 1437 Republic

• Project Cost: $4.3 million
• 5 for-sale units, 17 rentals units
PA R V I S I I
1406 and 1412 Republic Street

•   Project Cost: $2.7 million
•   12,300 Gross SF
•   1,130 SF of commercial space
•   12 rentals units
B A K E RY LO F T S

1421 – 23 Race St.

• Project Cost: $2.3 million
• 10,402 Gross SF
• 9 for sale units
1 3 TH & R E P U B L I C

18-20 W 13th Street,1307 Republic

•   Project cost: $2.7 million
•   12,600 Gross SF
•   9 for sale units
•   1,065 SF of commercial space
N I C O L AY

1401 Republic Street

•   Project Cost: $2.4 million
•   13,293 Gross SF
•   10 for-sale units
•   1 commercial unit
•   1,035 SF of commercial space
1401 ELM
1401 Elm

•   Project Cost: $1.5 million
•   7,290 Gross SF
•   1000 SF commercial space
•   4 for-sale units
W E S T FA L E N LO F T S I I

1426-1438 Race Street

•   Project Cost: $6.7 million
•   32,798 Gross SF
•   30 for-sale units
•   4,000 SF of commercial space
PA R K H AU S

Scattered Sites

• Project Cost: $2.3 million
predevelopment
• 9 for-sale single-family homes
1 5 th & R A C E C H U R C H
3CDC OTR DEVELOPMENT


Land Banked/
Future Projects

Complete/
Under Construction

Mercer Commons/
Gateway V
3CDC OTR DEVELOPMENT


Land Banked/
Future Projects

Complete/
Under Construction

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3CDC 2012 FY Development Plan

  • 1. OTR FY 2012 Development Plan • Mercer Commons • Paint Building • Gateway Quarter Phase V: •15th & Republic • Parvis II • Bakery Lofts • 13th & Republic • Nicolay • 1401 Elm • Westfalen II • Park Haus • 15th and Race Church
  • 2. Mercer Commons • $53.5 million project • 2.695 acres – 19 buildings and 26 vacant parcels • 96 market rate apts. • 30 affordable apts. • 28 condominiums • 17,600 SF commercial • 359 parking spaces
  • 6. Vine Street and Hart Alley
  • 7. PA I N T B U I L D I N G 1400 Vine Street • Project Cost: $4.1 million • 3,680 SF restaurant space • 6,000 SF office space
  • 8. OTR PHASE V: • Total Development Cost- $23M • 21 vacant buildings to be redeveloped • 98 residential units • 8,500 SF street level commercial space • Projects: 15th & Republic 1401 Elm Parvis II Westfalen II Bakery Lofts Park Haus 13th & Republic 15th and Race Nicolay (Church)
  • 9. 1 5 TH & R E P U B L I C 13 W 15th,1427, 1428 & 1437 Republic • Project Cost: $4.3 million • 5 for-sale units, 17 rentals units
  • 10. PA R V I S I I 1406 and 1412 Republic Street • Project Cost: $2.7 million • 12,300 Gross SF • 1,130 SF of commercial space • 12 rentals units
  • 11. B A K E RY LO F T S 1421 – 23 Race St. • Project Cost: $2.3 million • 10,402 Gross SF • 9 for sale units
  • 12. 1 3 TH & R E P U B L I C 18-20 W 13th Street,1307 Republic • Project cost: $2.7 million • 12,600 Gross SF • 9 for sale units • 1,065 SF of commercial space
  • 13. N I C O L AY 1401 Republic Street • Project Cost: $2.4 million • 13,293 Gross SF • 10 for-sale units • 1 commercial unit • 1,035 SF of commercial space
  • 14. 1401 ELM 1401 Elm • Project Cost: $1.5 million • 7,290 Gross SF • 1000 SF commercial space • 4 for-sale units
  • 15. W E S T FA L E N LO F T S I I 1426-1438 Race Street • Project Cost: $6.7 million • 32,798 Gross SF • 30 for-sale units • 4,000 SF of commercial space
  • 16. PA R K H AU S Scattered Sites • Project Cost: $2.3 million predevelopment • 9 for-sale single-family homes
  • 17. 1 5 th & R A C E C H U R C H
  • 18. 3CDC OTR DEVELOPMENT Land Banked/ Future Projects Complete/ Under Construction Mercer Commons/ Gateway V
  • 19. 3CDC OTR DEVELOPMENT Land Banked/ Future Projects Complete/ Under Construction

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