Module 8

Hey there, everyone minus Islam Ahmed.

And today we to presenting you.

DeLay for small redevelopment site for Module eight.

Now, without further ado, let's get into the presentation.

So on our agenda today we have our site overview

and three different market analysis, including office, residential and retail.

These things will be used to see the impact of

mixed use and also helped determine the development timeline along

with some conclusions now a little bit more about the

like. For small site, it sits on about 100 acres,

which has been marked for redevelopment by the Montgomery County

Planning Division and offers 632,000 people within a 10 mile

radius. The area also boasts 100 $40,000 average household income,

and a daily traffic car account is 45,000.

We also have access to Mark Metro and other public

transportation options, so the direct access to highways include I

to 70 and I 3 70 offering lots of mobility

and hired traffic counts to make sure that we have

a successful place to build.

We also see that this location is a prime location

for mixed use and offers great potential for residential and

retail options moving forward.

Here's some of the market overviews now into our office

market. We find that there is 4.6 million square feet

available in the manga recounting office inventory.

Off that 17.9% is vacant.

We also see a negative 92,000 square foot absorption rate

and along with a $24.82 average rent per square foot

cost. We also see a slow, incremental growth of inventory

at only 0.7% per year.

We also see the pre leasing figures are roughly 60%

when looking at are comparable properties around the site.

When government planning also said it an interesting thing, they

said that as Class B and C spaces continue to

age, they require extensive maintenance and improvements.

Which is true since most of those buildings are quite

old, used to pre dating to the 19 seventies and

19 eighties.

Based on these findings, we recommend that the lake for

small invest in class a office space and offer many

on site nearby amenities such as a gym, restaurants, sauna,

green spaces and a little bit more to make sure

that we're able to cater to millennial workforce and create

a better mental well being as we continue to move

back into offices in a post pandemic world.

Now for a residential market.

The total population within a three mile radius is roughly

203,000 people of that discontents of 66,000 households with an

average age of 35.8.

We also see that 2.74 people reside in each household

and the 65 plus demographic is expected to grow from

the current 15% to over 21% of the total population

by 2040 now.

This presents a couple of different deficits.

Within the housing market, we see that there's a deficit

of 20,000 affordable housing units currently alone.

We also see that senior dwelling units are short by

22,000 and that number is only expected to grow by

86,000 units by 2040.

Surprisingly, we also see that people the average median income

has 110% above the average.

I mean luxury housing units and this market shows that

there's over shortage of 13,000 units alone.

We also see the people recommend and want having parks

nearby, great walk ability and also social space spaces to

interact with their neighbors.

Based on these findings, we recommend that our new residential

neighborhoods in the redevelopment site should offer pools, parks and

outdoor theater, which would be free to residents along with

fire pits, social spaces to kind of spend time during

the cooler months and green walkways to connect all these

different housing options Together.

We also recommend that 1250 units are built, of which

we would have mid rise apartment course.

This would consist of 225 affordable units, 250 senior units

and 600 million millennial and family units in the fringes.

At the development site, there would be luxury town homes

of 100 which would be built, and 50 luxury single

family homes to tackle the luxury demand Now for a

retail market but having office spaces and residential markets, we

want to make sure that the retail options cater to

her current new neighborhood.

We see that turned data shows the total aggregate sales

of sub market area total to $1.5 billion off which

ngn SS 5 89 million F and B has 389

million. CAFO is 55 15 million.

We also see this oversupply of gaffe oh square footage

by almost 500,000 square feet.

But there's also shortage of engineers categories by well over

400,000 square feet.

We also estimate that the site will capture about 26%

of the engine s category, 20% of the food and

beverage category and 4% of the Catholic category.

We also recommend that the site B a destination theme

and have focused on luxury shops, high end options, extensive

gaming, entertainment and multicultural options.

We also recommend that 375,000 square feet of space is

built. Yeah, based on all these market overviews now, we'll

see how this impacts makes use.

So the general impacts that we see that makes you

cite is they can reduce long term building and maintenance

costs. Offering investors I really did up advantage when it

comes to building a mixed use property.

We also see that through higher densities like we've seen

in our plan, residential analysis that reduce land consumption can

occur, allowing for more people to stay in an area.

We also see that having these different types of uses

creates a continuous flow of people throughout the day.

You have commuters that come in for work.

You would have tourists and shoppers during the weekends.

You'd also have residents throughout the night.

However, there are some negatives.

Financing is a little bit more difficult.

Maintenance scheduling can be difficult to, especially a different occupancy

times. Parking conflicts may arise if we don't build in

a parking and allow them to be designated for residents

and guests.

Planning and development stages also do take longer, which will

see in our development timeline.

But when it comes to cite specifics, we see if

the lake for small is developed as a full mixed

use area, we can expect to increase, thank the population

to increase by 3500 residents alone and capture an average

of 22% market share for retail residential demand.

We also would see a boosting tourism and increasing land

valleys and also see tax revenues go up for the

county and the municipal government as well.

So how long does such a project take?

Well, here's some of the things to expect pre planning

face could take roughly 12 to 18 months.

We also see that fundraising could take an additional 12

months to make sure that after things are planned out,

investors are willing to put in money for this project,

which is expected to cost well over $500 million.

We also would see a planning phase a 12 12

months after fundraising and pre planning just to make sure

permits and construction and all the other things associated with

developing such a massive project would ensue.

We see the development timelines could be roughly 60 months,

if not longer.

In closing would take six months, making sure contracts or

proper and everything else is set in stone.

Overall, we expect any from 7 to 10 years of

development times, and that's excluding the maintenance that comes afterward.

But here's some conclusions as well.

The overall mix of the neighborhood, which we now what

we're calling lake forest reserves would be unequal, friendly, multi

cultural and entertainment destination that caters to young families, millennials

and senior citizens.

Not only that, we would also offer affordable and luxurious

residential spaces, high end retail and world class office space,

but a little bit more in a residential neighborhoods.

We plan on having four different neighborhoods built in three

different stages, with one being luxury single family in town,

homes of which would be 150 units to meet the

demands of highest paying families, along with 225 affordable housing

units built into a mid rise park.

In between, we also have our senior Ville and Millennial

park, which would be two distinct neighborhoods that focus on

being equal, friendly and also catering to different age groups

and some of the amenities.

We want to include our free access to our movie

theater and multicultural pavilion so that we can cater to

different demographics in the area, including Asians and Hispanics.

Restaurant options nature trails in walkable boulevards to help connect

all these residential neighborhoods together and make sure that everything

is within walking distance.

As for our retail, we wanna call this retail center

the lake four shops, where you'll have 300,000 square feet

to shop till you drop, and genus options would include

whole foods, target, ethnic groceries, drugstores and even clinics.

We also see the food and beverage options should include

Starbucks local restaurants and bakeries, and Gasol options could include

Louis Vitton, Gucci, Fendi products and other luxury goods.

As for office space, we have a couple of things

we wanna have.

Classic office space with over 40,000 square feet, offering the

best space in the area with on site amenity, says

a gym, an outdoor green space for employees to take

a break asana to detox and also a food court

to make sure that they have many food auctions without

having traveled too far, increasing productivity and also reducing transit

times. But to kind of go on our entertainment and

gaming focus, we wanna be able to bring in E

A Games, which is a gaming company, and create a

regional headquarters in the area.

This only creates high paying jobs, but also makes Lake

for Small, an introduction to being a tech corridor for

the area.

We also want to partner up with public universities such

universe of Maryland among them in college to create public

private partnerships from Medical Style campus, which would feature healthcare

companies such as UnitedHealth Group and Embarrassed, which is a

micro hospital company toe offer health care options for aging

population and also our families and other groups within the

area. Yeah, here's general look at our site plan and

also a rendering how it might look like where you

see that there is waterfront accessibility with the artificial pond.

Extensive greenery toe help create a cleaner environment and also

increase mental well being and have higher density as shown

here but to close.

I wanna thank you guys for your time and having

a great semester with you guys.

It's been unfortunate that haven't been a chance to meet

many of you guys by digging a chance to meet

you guys on linked in.

If you have any questions, please leave them in the

questions below and I'll be more than happy to answer

them and accumulate discussion in our discussion posts until next

time guys take care

Module 8

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