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    High demand for office space could mean more construction - February 19, 2012 by Mr HomeBuilder

    Two of Charleston's office towers:the BB&T building and Huntington Square. Both feature Class A office space, which is in high demand.

    CHARLESTON, W.Va. -- High demand for the most sought-after office space in downtown Charleston means new office buildings are likely to be built, according to an area broker.

    The city's five downtown Class A towers -- Chase, BB&T, United Center, Huntington Square and Laidley -- are effectively full and able to lease only portions of their floors, according to a January survey by Howard Swint, an associate broker at West Virginia Commercial.

    "We're at what we call effective full occupancy," Swint said. "It means that for all intents and purposes, the five Class-A towers in downtown Charleston are nearing where they can't offer full floors."

    The downtown towers have vacancy rates ranging from 8 percent to around 3 percent. That's a good thing, Swint said.

    "When you're at effective full occupancy, new construction is more likely and [so is] spillover of demand into Class-B space," he said.

    One possibility for the construction of new office space could come along with developers' plans to build a new hotel downtown.

    Southern Land and Dickinson Properties, along with Kanawha Land Co. LP and developer Charlie Wendell are planning to build a Marriot Courtyard on Kanawha Boulevard just off Interstate 64 by the Elk River. They also hope to build a 10,000-to-15,000-square-foot office building at the same time as they build the hotel.

    How much office space they build will depend on parking, cost and available land, Wendell said.

    It also will depend on finding a tenant for the office space. They don't think it will be a problem.

    "[The high occupancy rate] is one reason we thought it would work," said Lewis Payne, a shareholder of Southern Land and Dickinson Properties. "We've had people inquire already."

    One reason behind the burgeoning demand for Charleston's Class-A office space is the recent sale of the former City Center West building to the state Lottery.

    CHARLESTON, W.Va. -- High demand for the most sought-after office space in downtown Charleston means new office buildings are likely to be built, according to an area broker.

    The city's five downtown Class A towers -- Chase, BB&T, United Center, Huntington Square and Laidley -- are effectively full and able to lease only portions of their floors, according to a January survey by Howard Swint, an associate broker at West Virginia Commercial.

    "We're at what we call effective full occupancy," Swint said. "It means that for all intents and purposes, the five Class-A towers in downtown Charleston are nearing where they can't offer full floors."

    The downtown towers have vacancy rates ranging from 8 percent to around 3 percent. That's a good thing, Swint said.

    "When you're at effective full occupancy, new construction is more likely and [so is] spillover of demand into Class-B space," he said.

    One possibility for the construction of new office space could come along with developers' plans to build a new hotel downtown.

    Southern Land and Dickinson Properties, along with Kanawha Land Co. LP and developer Charlie Wendell are planning to build a Marriot Courtyard on Kanawha Boulevard just off Interstate 64 by the Elk River. They also hope to build a 10,000-to-15,000-square-foot office building at the same time as they build the hotel.

    How much office space they build will depend on parking, cost and available land, Wendell said.

    It also will depend on finding a tenant for the office space. They don't think it will be a problem.

    "[The high occupancy rate] is one reason we thought it would work," said Lewis Payne, a shareholder of Southern Land and Dickinson Properties. "We've had people inquire already."

    One reason behind the burgeoning demand for Charleston's Class-A office space is the recent sale of the former City Center West building to the state Lottery.

    At the time it was sold, the building had a high vacancy rate, Swint said, meaning that a lot of available Class-A office space was taken off the market.

    "We're back to the point where we were before the financial crisis in 2008," he said. "The demand has caught up to the supply, which is limited in Class A. So there's spillover in Class B [office space].

    "We anticipate new construction downtown is just a matter of time," Swint said.

    Another reason for the high occupancy rate is an increase in energy sector firms locating in downtown Charleston, Swint said.

    Audubon Engineering, which recently opened an office at Huntington Square, is a good example, he said.

    "I wouldn't be surprised to see more than one building go up in Charleston in the near future," Swint said. "All eyes are on the potential for a 'cracker.' "

    While the ethane cracker plant obviously wouldn't be located downtown, the offices related to the plant could be, he said.

    "That could be a game changer," he said.

    There are downsides to having a high occupancy rate for Class-A office space, Swint said. For instance, lease rates could increase.

    "[But it would be] only marginal in a market like ours because of the potential spillover in Class B," he said. "We have a big inventory of Class B in downtown Charleston."

    Reach Lori Kersey at lori.ker...@wvgazette.com or 304-348-1240.

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    High demand for office space could mean more construction

    400,000-SF Office Planned for Victory Park - February 18, 2012 by Mr HomeBuilder

    Last Updated: February 16, 2012 07:17pm ET

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    A 400,000-SF office building is
    planned for Victory Park.

    DALLAS-In its first project since taking complete ownership of the 75-acre, mixed-use Victory Park, Estein & Associates USA Ltd. of Orlando, FL has announced plans for a 400,000-square-foot, class A office building on the site near Dallas’ CBD. Estein has partnered with local KDC on the project, and assuming preleasing goals are met, construction could launch as early as fall, 2012, with completion scheduled for late 2014.

    KDC senior vice president John Brownlee tells Globest.com that the building, which will go north on Victory Park Lane, will be 50% committed before construction begins. “There are a number of prospects in the market now, approaching us and other developers for new projects,” Brownlee says. “I’m not at liberty to say who, but I can say there is a strong deal flow of people out there looking for space.”

    And when it comes to this commercial real estate development, there is little office space to be had. Though Victory Park developer Hillwood underwent a great many issues with the project in the depths of the financial crisis, the office space, which totals approximately 691,180 square feet, was quietly being leased up. The space today is 95% leased.

    Brownlee says the idea for an office building at Victory Park was discussed around six months ago, when a client approached KDC with a build-to-suit suggestion for the piece of land. “That’s when we really began discussions about that particular site and got to know the Estein people,” Brownlee remarks.

    The 23-story office building itself will offer its own amenities, including an upscale restaurant, fitness center and delicatessen. BOKA Powell will serve as the project architect, and KDC will pursue LEED certification from the U.S. Green Building Council for the project.

    The residential component at Victory Park has done well, too, with complexes 98% leased and the W. Dallas-Victory Condo residences 94% sold. Though the 28-story condo tower, known as The House, was recently sold back to its lender for $32 million at a foreclosure auction, Lance Fair, COO of Estein & Associates and vice president of Victory Park points out that The House was delivered during the height of the financial crisis.

    “We couldn’t sell those at a lower price,” he explains. “But now someone else can do so, and can get the building filled up.” And that, Fair says, is the goal right now of Victory Park. “Density on a 24/7 basis,” he comments.

    When Hillwood broke ground on Victory Park during the late 1990s, the idea was create a kind of an urban renewal oasis at the northern edge of downtown. Anchored by American Airlines Center, Victory had initial success before running into problems in 2008 due to dropping retail occupancy and a lack of demand for luxury housing. In 2009 the Hillwood stake went to German equity partner, US Treuhand XVI LP, a process that avoided certain foreclosure.  US Treuhand GmbH is an affiliate and fund-raising arm of Estein & Associates USA Ltd.

    Though the current retailers at Victory have done well, Fair says E&A’s main goal for Victory right now is to ensure office and residential stability. With more density in the area, retail will be better supported. As such, in addition to the new office project, a multifamily project is also in the works.

    But Fair is clear there is no set-in-stone deadline about when everything will be built. “We’re patient about making sure things happen in the right order and right time,” Fair says. “We’re committed to this project over the long term, and want to make it an iconic destination in Dallas.”

    Categories: Southwest, Office, Development, Dallas/Fort Worth

    See the article here:
    400,000-SF Office Planned for Victory Park

    Plans for office building at prominent Live Oak lot scrapped - February 18, 2012 by Mr HomeBuilder

    LIVE OAK - A plan to build a new office building at a prominent lot here has been scrapped, meaning the site will likely continue to serve as the seasonal home for sales of pumpkins and Christmas trees for the foreseeable future.

    The proposal, calling for the construction of a 12,000-square-foot building at the corner of 17th Avenue and Brommer Street, gained traction in recent months, with Barry Swenson hoping to submit plans to the county in January.

    But that momentum has ground to a halt, and "we have made a determination that we will not be moving forward with this development," according to Barry Swenson's Libby Glass, who was heading the project.

    That decision was made soon after a Jan. 12 meeting at the Simpkins Family Swim Center, where area residents were invited to come and view a new architectural design and provide feedback on the overall plans. Everyone appeared happy with the new design, but still, they said, that area is zoned for retail stores that benefit the entire community, and that's not what Barry Swenson had in mind.

    Of the tenants that had expressed interest in the building, two are now located at the Live Oak Business Park. They have to move anyway to make way for the new Mid-County Sheriff's headquarters, and they appeared to be on the verge of signing pre-lease agreements. That, Glass said last month, would make it easier to obtain financing.

    "The building that we had designed, in terms of dimensions and function, was really more suitable for the types of (research and development) and office tenants we had intended to relocate from Live Oak Business Park," she acknowledged in an email Thursday.

    The project was only viable with those tenants as well as retail, but "once it became clear that there would be restrictions placed upon the more office types of uses in the future, we had serious concerns regarding the long term financial feasibility of the project."

    But Supervisor John Leopold, whose district includes Live Oak, said he thought it was more a matter of Barry Swenson not realizing the community's particular attachment to that lot. In 2000, the Live Oak Neighbors community group formed specifically to fight a plan to build a Wendy's Restaurant there.

    "That corner has a history and it was easy to identify that these issues would come up, but (Barry Swenson) went forward with the process because they could get financing for it," he said.

    Follow Sentinel reporter Kimberly White on Twitter @kwhite95066.

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    Plans for office building at prominent Live Oak lot scrapped

    City okays application of 3 high-rise projects - February 17, 2012 by Mr HomeBuilder

    Written By:  Kristianne Fusilero
    Thursday, 16 February 2012
    Category: Economy

    The Office of City Building Official has approved three high-rise projects worth P184.868 million since January 2012.

    Acting city building official Jaime G. Adalin said two of the projects are commercial while the other one is institutional. The office approved their applications for building permits, signaling the start of the construction of the projects.

    Among the projects are the five-storey commercial building of AFP Mutual Benefits Association Inc. in Maya St., Ecoland; six-storey project of Bureau of Internal Revenue (BIR) in Bolton Street, and six-storey commercial building of Edsa 1 Real Estate Corp. in CM Recto St.

    The biggest project in terms of cost is the proposal of BIR which amounts to P92.893 million.

    Adalin said there are still more high-rise projects that are up for approval in the office. At present, the FTC Group of Companies Corp. has signified to construct 34-storey condominium with a leisure hotel dubbed as Aeon Towers along J. P. Laurel Ave.

    “But the firm is yet to secure a building permit, pending the go signal from the Civil Aviation Authority of the Phils. on how many storeys are only allowed in the area where the project will be constructed,” he said.

    Last year, the office approved 19 high rise projects.

    Some of the approved projects last year were the 11-storey commercial building of Communities Davao Inc., eight-storey hotel of SM Investments Corp. in Lanang and 10-storey boutique hotel of Southcrest Hotel Ventures along the mixed-use Abreeza project in J.P. Laurel Ave.

    View post:
    City okays application of 3 high-rise projects

    New Office Building Coming to Downtown Cedar Rapids - February 17, 2012 by Mr HomeBuilder

    CEDAR RAPIDS, Iowa — Downtown developer/architect Steve Emerson is investing at least $5.4 million in a new downtown office building now going up on the former site of the People’s Church, 600 Third Ave. SE.

    As is commonplace, Emerson is seeking economic development assistance from City Hall in exchange for his investment. Only this time, the City Council is raising questions about just how generous it wants to be.

    “There ought to be something in here for us,” council member Justin Shields said this week.

    The current incentive proposal put together by the city’s planning staff and Emerson calls for the city to return to Emerson’s company, Progression LC, 75 percent of the new property-tax revenue that will come in from the site over 10 years as a result of the company’s minimum investment of $5.4 million in the new building.

    The city estimates that the new investment will generate $1.366 million in new property-tax revenue for the city over 10 years, and under the incentive proposal, $1.024 million would go back to Emerson with the city keeping $342,000.

    The new building will retain the jobs of 106 employees and result in the creation of 9 new jobs, according to the proposal.

    City Council member Scott Olson, a commercial Realtor who said he supported the Emerson project, nonetheless, wondered why the council was being asked to approve economic incentives now with a building that is already under construction. Olson said, too, that the city needed to pay attention to incentives in the downtown and how that might impact owners of other buildings vying for tenants. The city needed to be careful it wasn’t simply shuffling tenants from one owner’s building to another owner’s, he said.

    Council members Monica Vernon, Chuck Swore and Justin Shields wondered why the city couldn’t make some requests of a developer as part of a development agreement in which the city is providing financial incentives.

    Swore and Shields said they wanted some way to know if Emerson or other developers seeking incentives are using local contractors and local suppliers while Vernon wondered what design review the city might be allowed to have to ensure that a developer isn’t building “a pole building” in the downtown.

    “We ought to have some say,” Shields said. “What do you get for a million dollars?”

    In response to the council’s questions, Mayor Ron Corbett asked Jim Flitz, the city attorney, to provide the council with an analysis of what the council may or may not ask of developers.

    The council then moved the incentive package ahead for further negotiations between the city and Emerson before the council votes on a final development agreement for the project later this month.

    On Wednesday, Emerson said he is not alone among developers in beginning a project even as City Hall is working on an incentive package with the developer. The package now under review by the City Council has been in the works for some time, he said.

    Emerson said he needed to start building the new building, which should be open in September, to meet the deadlines of his new tenants.

    In terms of the amount of his request, Emerson said he has presented a financial plan to the city that shows the size of the property-tax help he needs in order for the project to “financially make sense.”

    “If I don’t get the money, I’m still building the building,” Emerson said. “But if I lose that money out of the project, it will just prevent me from doing developments for the next eight years in downtown Cedar Rapids. Which is not my intent. I intend to keep doing developments down there.”

    In answer to Olson’s comments, Emerson said his new building will not simply result in shuffling existing downtown tenants into a new building. One of the new building’s tenants had intended to leave the downtown, one is outside of downtown now and one had left downtown after the 2008 flood and is coming back, he said.

    He added that the city’s incentive will be used to pay off the extra upfront costs that have come with building the building. The incentive will not be used to lower tenants’ rents. They will pay “market-rate” rents, he said.

    Emerson said all the contractors working on the project are local ones and many of the suppliers are in the downtown already.

    “I’m a downtown freak,” he said. “I will use anybody associated with downtown if I can. … I don’t have contractors or suppliers coming from out of town. That’s not at all what I’m trying to do.”

    Emerson said the city’s development staff has seen the design of the building, which he called a “very high-end, class A building,” and he said he would be glad to show council member’s what it will look like.

    “But I don’t’ think the City Council wants to get into dictating design elements and telling architects what is good or not,” he said.

    Emerson’s other projects in the downtown include the Town Centre building, the Paramount office building, the building that houses Principal and the Blue Strawberry coffee shop, the building that houses.

    View original post here:
    New Office Building Coming to Downtown Cedar Rapids

    Building Sustainability Moves from "Optional" to "Must Do" - February 16, 2012 by Mr HomeBuilder

    Last Updated: February 16, 2012 11:10am ET

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    Hollon: Building sustainability is more
    than about environmental protection.

    Read Victoria Hollon’s views about the future of sustainability in the upcoming issue of Better Buildings Magazine.

     

    HOUSTON-While the 1.3-million-square-foot Pennzoil Place, an office building in the CBD was being retrofitted, 700 toilets were removed. Rather than discard the older toilets in landfills, however, the apparatuses were cleaned, the porcelain crushed, and sent to the Gulf Coast to help refurbish oyster beds.

    Though this is an extreme example of “going green,” it does outline where the green building movement is headed. Soaring energy costs, combined with environmental concerns, tenant demands and even municipal regulations mean commercial real estate property managers and owners are being encouraged to consider ways in which they can get more mileage out of buildings.

    According to Victoria Hollon, Transwestern’s senior vice president, innovation and quality assurance, making a building more energy efficient is a powerful money saver. With energy costs being a huge chunk of an office building’s budget, it makes sense to build sustainability initiatives into operations. Furthermore, there is the environmental factor; a building that operates more efficiently is less likely to spew all kinds of junk into the air.

    This is why Transwestern joined the White House’s Better Building Initiative last year. As a partner with this initiative, the locally headquartered Transwestern committed to incorporating sustainability practices in the 442 office buildings the company manages, for a total of 78 million square feet. The goal of this initiative is to cut energy consumption by 20% by 2020. Transwestern, in fact, helped spearhead the Pennzoil Place retrofit.

    But it hasn’t been an easy message to sell.

    “For the past seven or eight years, we’ve been focused on energy efficiency because of an increase in energy prices,” Hollon tells Globest.com. “Years ago, we became active with the EPA; through its Energy Star program, we were aware of which properties might be consuming more than they need for a particular amount of square footage.” This, in turn, has allowed sharing that information with office building owners to encourage those owners to make some changes. However, “our owners haven’t always felt the same way we did,” Hollon acknowledges.

    The good news, however, is that Transwestern and others are getting some help in hammering home the message. The U.S. Green Building Council (USGBC), established in the late 1998s, came out with its Leadership in Energy and Environmental Design (LEED) program, which provides rating systems for the design, construction and operations of properties. LEED, Hollon points out, was a good first step and still remains the benchmark tool for measuring sustainability. It’s also caught on with a great many builders and designers – at one time, LEED certification of existing and even new buildings was more the exception than the rule. But these days, it’s rare to find a building going north that isn’t applying for some kind of LEED certification.

    The challenge, then, is retrofitting the older buildings to operate in a more sustainable fashion. The good news here is retrofitting doesn’t necessarily mean tearing out entire HVAC systems or rewiring lighting components. “Most of the buildings in Texas are nearing their 20-year mark, and the ownership, management and caretakers have changed so many times, the controls in the building have gotten out of whack and aren’t functioning as they should,” Hollon explains. Simply studying those controls and making some minor fixes can make a huge difference on a building’s energy performance.

    As such, a good first step for building owners is to get their properties benchmarked through the Environmental Protection Agency’s Energy Star program. Once the buildings receive an Energy Star score, “you can gauge where you are, then take steps to reduce consumption,” Hollon says.

    Taking steps to reduce that consumption is becoming more important, and not just to save costs. Municipalities are incorporating sustainability elements in their building codes. In Texas, Austin has led the way with its own green initiatives, and Dallas and Houston are starting to follow suit, especially because design sustainability means a better quality workplace as well as fewer pollutants in the air. This is especially an issue during Texas summers, when pollutants combine with hot, stagnant air to create “ozone alerts.”

    And tenants are demanding greener offices, too. “A couple of years ago, we couldn’t say that tenants were demanding LEED certification or sustainability,” Hollon remarks. “But now we can say they are.” The federal government especially wants LEED-certified buildings for tenancy. “Anyone with a government tenant in their buildings needs to make changes if they want to keep those tenants,” Hollon says.

    Furthermore, data is now available about the relationship between dollars and energy consumption. “We can show a situation in which someone invested $400,000 in a chiller change-out, with payback less than two years. We can show where that change-out reduced energy consumption by 15% on an annual basis, and reduced annual costs by about $100,000 a year,” Hollon says. “The proof is always in the putting, when you can show the results of investment and payback, the question then becomes do we have the funds to do it.”

    And finally, the next generation is concerned about sustainability. Generation Y, also known as the Millennials, grew up recycling and caring for the environment, and these folks are now entering the workplace. And they’re demanding workplaces that follow sustainable initiatives, all the way down to lighting sensors.

    “We have people interviewing for property management positions at Transwestern who are asking: ‘What are you doing for sustainability? What are you doing for energy efficiency?’” Hollon says. “These are the people who will be making decisions for commercial real estate in the future.”

    Categories: Southwest, Office, Development, Green Buildings, Online Exclusive, Texas, Houston

    Read the original:
    Building Sustainability Moves from "Optional" to "Must Do"

    Illegal building case still up in air - February 16, 2012 by Mr HomeBuilder

    The Nation February 17, 2012 1:00 am

    Earlier this month, the Central Administrative Court ordered the demolition of the hotel because the width of the soi was not at least 10 metres throughout the entire stretch. The law requires a soi width of at least 10 metres for buildings as tall as the Aetas Hotel.

    Available documents have shown that Chalor Jamroonkarn, an assistant director of the Pathum Wan District Office, told the Larp Prathan company in 2005 that the width was 10 metres.

    "I will look into the issue," Deputy Bangkok Governor Thirachon Manomaipiboon said yesterday.

    To date, the Pathum Wan District Office has not yet ordered Larp Prathan to demolish its building because the company was appealing the court's verdict.

    "I think the legal battle will drag on for years," Thirachon said, "I will ensure justice to all sides".

    According to Larp Prathan, the physical dimensions of the soi varies continually, as plots along the soi frequently change hands and the subsequent encroachment on public areas may reduce the width to less than 10 metres at some points.

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    Illegal building case still up in air

    ORIX Public Finance Provides Financing for Office Building Leased to Georgia Department of Human Services - February 16, 2012 by Mr HomeBuilder

    DALLAS--(BUSINESS WIRE)--

    ORIX Public Finance, a specialty provider of financing for public and not-for-profit entities, announced a $5.7 million financing for the construction of an office building in Monroe, Georgia, leased to Walton County for use by the Georgia Department of Children and Family Services and the Department of Child Support Services. The 31,250 square foot office facility is being developed by Walton Development Partners, LLC; construction is expected to be complete by November 2012.

    Andrew Garvey, Managing Director of ORIX Public Finance, said, “ORIX is pleased to continue helping public entities, such as cities, counties and states, as well as non-profit organizations fund facilities and infrastructure. As these needs arise and clients prefer not to issue public debt or seek bank financing, ORIX Public Finance is prepared to be a responsive source of creative and flexible funding programs that can be tailored to fit specific needs.”

    About ORIX Public Finance

    ORIX Public Finance uses its experience, resources and trading capabilities to be an active investor in and proprietary lender to the public and non-profit sectors. The group is located at ORIX USA’s headquarters in Dallas, Texas. ORIX USA is a financial and investment conglomerate with more than 1,400 employees and primary offices in Dallas, New York, Los Angeles, Columbus (OH) and Minneapolis (MN). ORIX USA holds approximately $6 billion of assets and manages approximately $25 billion through various subsidies. ORIX USA invests across the spectrum of commercial, real estate, venture and municipal finance and has operating subsidiaries in investment banking, multifamily agency lending and hedge fund management. ORIX USA (www.orix.com) is the wholly owned subsidiary of ORIX Corporation, a Tokyo-based, publicly owned international financial services company with operations in 27 countries. ORIX Corporation is listed on the New York (NYSE:IX - News) and Tokyo (8591) Stock Exchanges.

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    ORIX Public Finance Provides Financing for Office Building Leased to Georgia Department of Human Services

    Council ponders development incentives for new office building - February 16, 2012 by Mr HomeBuilder

    This rendering shows plans for a building project under way at the former Peoples Church site, 600 Third Ave. SE. (Credit: Aspect architecture:design)

    CEDAR RAPIDS — Downtown developer/architect Steve Emerson is investing at least $5.4 million in an office building now going up on the former site of the Peoples Church, 600 Third Ave. SE.

    Emerson is seeking economic development assistance from City Hall in exchange for his investment. It’s a common request, but this time the City Council is raising questions about just how generous it wants to be.

    “There ought to be something in here for us,” council member Justin Shields said.

    The incentive proposal, put together by the city’s planning staff and Emerson, calls for Cedar Rapids to return to Emerson’s company, Progression LC, 75 percent of the new property-tax revenue that will come in from the site over 10 years. The city estimates that the new investment will generate $1.366 million in new property-tax revenue over 10 years. So under the proposal, $1.024 million would go back to Emerson with the city keeping $342,000.

    The new building will retain the jobs of 106 employees and result in the creation of nine more, the proposal says.

    City Council member Scott Olson, a commercial Realtor who said he supported the Emerson project, nonetheless wondered why the council was being asked to approve economic incentives now with a building that is already under construction. Also, he said, officials needed to pay attention to incentives in the downtown and how they might impact owners of other buildings vying for tenants — in other words, the city needed to be careful it wasn’t simply shuffling tenants from one owner’s building to another’s.

    Colleagues Monica Vernon, Chuck Swore and Shields, meanwhile, wondered why the city couldn’t make some requests of a developer as part of a development agreement in which the city is providing financial incentives. Swore and Shields said they wanted some way to know if developers seeking incentives are using local contractors and local suppliers, while Vernon wondered what design review authority the city might be allowed to have.

    “We ought to have some say,” Shields said. “What do you get for a million dollars?”

    Mayor Ron Corbett asked Jim Flitz, the city attorney, to provide the council with an analysis of what it may or may not ask of developers.

    The council then moved the incentive package ahead for further negotiations before it votes on a final development agreement for the project later this month.

    Emerson said he is not alone among developers in beginning a project before incentives have been finalized. The proposal now under review by the City Council has been in the works for some time, he said.

    He said he’d needed to start construction on the building, which should be open in September, to meet the deadlines of his new tenants.

    In terms of the amount of his request, Emerson said he has presented a financial plan to the city that shows the size of the property-tax help he needs in order for the project to “financially make sense.”

    “If I don’t get the money, I’m still building the building,” Emerson said. “But if I lose that money out of the project, it will just prevent me from doing developments for the next eight years in downtown Cedar Rapids. Which is not my intent. I intend to keep doing developments down there.”

    In answer to Olson’s comments, Emerson said his new building will not simply result in shuffling existing downtown tenants into a new building. One of the new building’s tenants had intended to leave the downtown, one is outside downtown now and one is coming back downtown after leaving in the wake of the Floods of 2008, he said.

    Emerson said all of the contractors working on the project are local ones, and many of the suppliers are in the downtown already.

    “I’m a downtown freak,” he said. “I will use anybody associated with downtown if I can. … I don’t have contractors or suppliers coming from out of town. That’s not at all what I’m trying to do.”

    Read more from the original source:
    Council ponders development incentives for new office building

    Olathe Development Workshops & Year in Review - February 16, 2012 by Mr HomeBuilder

    Notable new construction projects in 2010 included the Hilton Garden Inn, the Johnson County Public Works Office Building, a major addition to the Johnson County Adult Detention Center

    Olathe, KS - infoZine - The City's Unified Development Ordinance (UDO) is currently being updated and a series of public input development workshops will kick off this month. The UDO implements PlanOlathe, which was adopted in 2010. The UDO will include new standards for zoning, building design, site planning, infrastructure, landscaping, parking, nonconformities and vested rights, and uses (such as home occupations, cell towers, etc.). It will also update the process for approving new development.

    Public input is critical to the UDO update process and the implementation of the City's new comprehensive plan. A public forum is scheduled for Wednesday, February 29 from 8:30 a.m. to 10:30 a.m. at Olathe City Hall, 100 East Santa Fe. The session will begin with a 20-minute presentation, followed by an open discussion and comments. A public workshop is also scheduled for 7:00 p.m. on February 29. Lead consultant Mark White of White & Smith, LLC, will facilitate the forum. Mr. White is preparing an analysis of the existing UDO and an outline that we will use as a blueprint for the new draft. Public input will help shape these products and the City's new UDO.

    Interested participants can RSVP by contacting Sharyn Mueller at (913) 971-8750 or

    smueller at olatheks.org. 2011 Development Year In Review Now Available

    The City of Olathe 2011 Year In Review provides detailed statistics on the permitting and development activity that occurred during 2011.

    Notable new construction projects in 2010 included the Hilton Garden Inn, the Johnson County Public Works Office Building, a major addition to the Johnson County Adult Detention Center in downtown Olathe, and a number of major church and school additions. Residential unit figures totaled 322 in 2011, down from 364 in 2010, but up from 306 in 2009. The average value per unit for single-family residential has increased from $272,924 per unit in 2010 to $288,907 per unit it 2011.

    Related Olathe 2011 Year In Review Link
    http://www.OlatheKS.org/Development/LongRange/DandD

    Continued here:
    Olathe Development Workshops & Year in Review

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