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Joint Development Authority TCAAP Redevelopment Project DATE: April 29, 2016 TO: Joint Development Authority Board of Commissioners FROM: Directors Hutmacher and Worthington SUBJECT: Master Developer Solicitation Responses – Key Differentiators Budgeted Amount: Actual Amount: Funding Source: n/a n/a n/a MASTER DEVELOPER SOLICITATION RESPONSES – KEY DIFFERENTIATORS The Rice Creek Commons master developer solicitation resulted in responses from several of the region’s leading commercial and residential developers. While the responses demonstrated individual and firm experience in projects similar to Rice Creek Commons, the proposals and subsequent interviews provide numerous areas where each of the firms/teams differed. The following memo intends to provide a few areas where staff saw the greatest differentiation between the shortlisted firms: SINGLE FAMILY HOUSING Alatus LLC identified Tradition Development Corp to lead the single family component of the development. Tradition Development Corp’s Cobblestone Lake development in Apple Valley, MN is a 310- acre comparable development in terms of size and horizontal mixed use. Arden Hills staff noted the Cobblestone Lake development was used as a housing example in a mobile tour during the TCAAP master planning process. Tradition builds a variety of upper-scale residential products, utilizing high-quality finishes. Their communities stress aesthetic cohesion and a product that is not “cookie cutter” in terms of appearance. They build a large number of amenities, and utilize unique characteristics of existing site features (such as the Barn at Brandtjen Farms). While Tradition Development Corp will lead the single family development, the Alatus team noted it would work with a wide variety of smaller builders to achieve an ideal market mix of starter, mid-range and higher value homes and create aesthetic differentiation. The Opus/Pulte partnership identified Pulte Homes to lead the single family component of the development. Pulte Homes intends to offer a wide range of housing products, both used locally and used successfully in other parts of the country. Pulte recommends that the Hill be developed primarily with single-family homes on various lot sizes. The Creek neighborhood would be targeted to empty nesters with low-density custom homes in the NR1 subdistrict. The Town neighborhood would be targeted to millennials, pre-family and post-family households. Row homes and townhomes would provide sense of scale and a pedestrian-friendly environment along arterials. Small lot single-family and rental MEMORANDUM