City council human services emerson square 060313 b 3.18.13
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Transcript of City council human services emerson square 060313 b 3.18.13
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EMERSON SQUARE
June 3, 2013
Presentation to the City of Evanston City Council Human Services Committee
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BACKGROUND: EVANSTON NEIGHBORHOOD STABILIZATION PROGRAM 2 EFFORT
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FOSTER ST
DE
WE
Y A
VE
AS
HL
AN
D
Previous Use
EMERSON SQUARE
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• 2.34 acre site
• 32 units
• New urbanist design
• Mixed Income (30% AMI to unrestricted)
• Five different housing types
• 1, 2 and 3 bedroom units
• Apartment sizes ranging from 836-1670 sf
• Amenities Leasing Office on site New public park Community garden Energy Star rated
appliances Bike storage
Conference room Dishwashers In-unit washer and dryers Landscaping New Street
EMERSON SQUARE
Development Summary
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CASE STUDY: EMERSON SQUARE
Green Infrastructure and Buildings
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CASE STUDY: EMERSON SQUARE
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CASE STUDY: EMERSON SQUARE
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CASE STUDY: EMERSON SQUARE
Green Infrastructure and Buildings
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CASE STUDY: EMERSON SQUARE
Green Infrastructure and Buildings
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CASE STUDY: EMERSON SQUARE
Green Infrastructure and Buildings
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• Pre-leasing and marketing began in March 2013
• City of Evanston and other non-profit partners and service providers were notified of the projected commencement of lease-up prior to the beginning of pre-leasing in February 2013
• 95 people on an interested parties list maintained by the City of Evanston and Dundee Management, LLC were sent brochure, rental criteria and pre-application materials on March 1, 2013
• Website launched in March 2013
• Advertised in local and regional newspapers
Leasing Update
EMERSON SQUARE
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• 32 units in project
• 7 set aside for Housing Authority of the County of Cook Project Based Section 8 Vouchers
• 4 units set aside for IHDA State Referral Network
• 298 pre-applications received (46% City of Evanston residents)
• 33 lease applications received (52% City of Evanston residents)
• 25 out of 32 units pre-leased (48% City of Evanston residents)
• Pre-leased units will not have executed leases until (i) the certificate of occupancy is received and (ii) the unit is turned over from construction and (iii) move-in date is confirmed.
• Move in expected to begin June 2013 and continue through summer, subject to pending HUD occupancy approval
EMERSON SQUARE
Leasing Update
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− Acquisition - June 2012
− Demolition and Remediation – June – September 2012
− Construction Closing – October 2012
− Completion and Move-in
− 1610 and 1630 Foster – June 2013
− 1580 Foster and 1620 Foster – July/August 2013
− Park and New Ashland Avenue – September 2013
− Townhomes on new Ashland – September 2013
EMERSON SQUARE
Timeline
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• Pre-application process
• Application process
• Tenant Screening Procedure
EMERSON SQUARE
Tenant Selection Process