Texas A&M University
Total Page:16
File Type:pdf, Size:1020Kb
Texas A&M University University Drive 4.74 acre site FM 2818 4.74 ACRE DEVELOPMENT SITE MULTIFAMILY OR STUDENT HOUSING 404 HARVEY MITCHELL PARKWAY S, COLLEGE STATION TX 77845 Offered on a Fee Simple Basis TABLE OF CONTENTS OFFER SOLICITATION PROCESS Property Visitation 3 Executive Summary Prospective purchasers will have the opportunity to visit the site either on their own or via pre-scheduled site tours. These tours will include ac- cess to walk the site and a tour of the surrounding area. Proposed Development Overview 4 Offer Submission Investment Highlights 5 Offers should be presented in the form of a non-binding Letter of In- tent, spelling out the significant terms and conditions of Purchasers’ of- fer including, but not limited to (1) land pricing, (2) due diligence and closing time frame, (3) Earnest Money Deposit, and (4) a description of Aerials 6-7 the debt/equity structure. The purchase terms shall require all cash to be paid at closing. Offers should be delivered via e-mail to the attention of Kevin Dufour at [email protected], Chris Bancroft at cban- Approved Conceptual Plan 8 [email protected] or Chris Epp at [email protected]. Survey 9 Research Valley Biocorridor Master Plan 11 Texas A&M Overview 12 Texas A&M Master Plan 13-14 Blinn College Master Plan 15 EXECUTIVE SUMMARY FourPoint Investments is proud to present a 4.74 acre development site in College Station, TX to the national multifamily and student housing development community. The site is located across the street from Texas A&M University. Zoning at the property was recently changed to MF (Multifamily/Student) and the College Station City Council has approved a conceptual development plan allowing for a maximum of 142 units. While the site represents an excellent opportunity for a student housing development given its close proximity to Texas A&M University, it is also located in the Research Valley BioCorridor which is experiencing robust growth supporting a conventional multifamily development. The site is available all-cash, and we look forward to discussing this development opportunity with you further. H a r v e y M Future TAMU it c h Research Park e l 4.74 l e P acre site a r k w a y Aggie Field of Honor e v ri D TAMU y it Research Park rs ive Research Valley n Bio Corridor U Easterwood George Bush Airport Presidential Library PROPOSED DEVELOPMENT OVERVIEW The zoning at the property was recently changed from CI (Commercial Industrial) to PDD (Planned Development District) with a MF (Multifamily) base zoning. SITE INFORMATION Total Site Area (Acres) 4.74 Acres Total Site Area (Square Feet) 206,474 SF Zoning PDD-MF Utilities In Place ZONING INFORMATION 404 HARVEY MITCHELL PARKWAY COLLEGE STATION, TX Allowed Uses Multifamily & Student Housing TEXAS A&M UNIVERSITY Maximum Units Per Acre 30 Units/Acre Maximum Units 142 Units Maximum Building Height (Stories) 4 Stories Maximum Building Height (Feet) 50 Feet Required Parking Ratio None INVESTMENT HIGHLIGHTS Development Site Highlights: College Station / Texas A&M University Highlights: u Excellent location u TxDOT has announced u College Station population has u Texas A&M is the fourth largest directly between 200 a $12 million surpassed 100,000, growing 6.4% university in the United States with Acre Atlas Master Plan improvement project at since 2010 current enrollment over 60,000 and the site intersection Community Texas u The health of the Bryan/College students with a goal to add 5,000 allowing direct access A&M University Station economy has never been more students over the next four to campus via hike u Zoning was recently stronger with an unemployment rate years and bike trails changed to PDD-MF to below 4% u The university plans to spend $700 allow conventional u No off campus u The Research Valley BioCorridor million in infrastructure over the multifamily or student competitive properties continues to play a huge role in job next several years including the between development housing uses creation with 3,500 acres dedicated redevelopment of the Texas A&M site and university u College Station to biopharmaceutical development Rellis Campus which will host 10,000 City Council recently u Phenomenal visibility directly west of Texas A&M students and frontage along u approved the conceptual u The Atlas Master Plan Community Blinn College has purchased 95 acres Harvey Mitchell development plan has already completed 9 large scale along Harvey Mitchell Parkway for Parkway allowing up to 142 developments with several others on the development of a second Brazos units u All utilities in place the way including retail, restaurant, County campus which will service office, medical and hospitality uses between 10,000 and 15,000 students NORTHGATE DISTRICT New Campus LOCAL GATHERING NATIONAL BRANDS PLACES 94ACRE REDEVELOPMENT 10,000+ STUDENTS H a Northgate r v e District y M i t T c ex h a e s l 4.74 e A v l i v r e P acre site D a y W r it k s e r l Traditions w e b a v o y i u Golf Community Future TAMU n r U n Research Park R o a d Aggie Field of Honor TAMU Texas A&M Research Park Medical School Research Valley y Bio Corridor w k P er George Bush tz o Presidential St d Library n o m y a R Easterwood Welcometo Airport COLLEGE STATION Population 100,050 H a NORTHGATE DISTRICT r New Campus v LOCAL GATHERING NATIONAL BRANDS e PLACES y M it c h d e a l 94ACRE REDEVELOPMENT o l R P 10,000+ STUDENTS B a r d k H n w a a Northgate a r F y v e District y M i t T c ex h a e 4.74 s l 4.74 e A v l i v y r e acre site P acre site D TOWN CENTER a a y W w r it k k s e r l • 90,000 SF OF RETAIL r Traditions w e b a a v o • 60,000 SF OF RESTAURANT T P y i u Golf Community Future TAMU n r • 80,000 SF OF OFFICE u r U n r e Research Park R • 296 HOTEL ROOMS k z o e t a • 650 UNITS OF RESIDENTIAL y o d t • 25,000 SF OF MEDICAL SPACE C S r • 5 ACRE LAKE ATLAS e d e n • THE STELLA HOTEL: 176 KEYS k o m R y d a Aggie R Field of Honor TAMU Texas A&M Research Park Medical School Research Valley y Bio Corridor w k P er George Bush tz o Presidential MASTER PLANNED COMMUNITY St 47 d Library n • TEXAS A&M HEALTH SCIENCE CENTER: OVER 700 EMPLOYEES o m y • IBIO: OVER 100 EMPLOYEES a R • PARC AT TRADITIONS SENIOR LIVING: 159 UNITS • CHI ST. JOSEPH MATUREWELL: 50 EMPLOYEES to • HAWTHORNE AT TRADITIONS PHASE I & II: 396 UNITS Easterwood Welcome • VIASAT: OVER 200 EMPLOYEES Airport COLLEGE 47 • NUTRABOLT: 105 EMPLOYEES STATION • TEXAS A&M CENTER FOR INNOVATION: 150EMPLOYEES Population 100,050 APPROVED CONCEPTUAL PLAN LIFT STATION LOT 2R 2.240 ACRES CLLVP PHASE 2, LP 18.481 ACRES 18.481 ACRES CITY OF COLLEGE STATION CITY OF COLLEGE STATION ZONED A0 - AGRICULTURE OPEN ZONED A0 - AGRICULTURE OPEN 8 | CONFIDENTIAL OFFERING: College Station Multifamily or Student Development Site SURVEY CONFIDENTIAL OFFERING: College Station Multifamily or Student Development Site | 9 UNIVERSITY & MARKET OVERVIEW 10 | CONFIDENTIAL OFFERING: College Station Multifamily or Student Development Site RESEARCH VALLEY BIOCORRIDOR — MASTER PLAN Located in the heart of the Texas Triangle of Dallas- Fort Worth, Houston and San Antonio, the Research Valley biocorridor will be the epicenter for engineering, agriculture, pharmaceuticals, research and biomedical innovations. Through a collaborative initiative among the Texas A&M University System, the City of College Station, the City of Bryan, Brazos County, and the Research Valley Partnership, Inc., the Research Valley Biocorridor has dedicated 3,500 acres towards biopharmaceutical development. The goal of the Research Valley Biocorridor is to establish a leading-edge biomedical zone leveraging the extraordinary resources of the Texas A&M University System, the Texas A&M Health Science Center, and various System agencies. Although the focus of this corridor is Biomedical, several other supporting uses have been and will be developed in the near future including: mixed-use commercial, manufacturing, office, residential, hospitality and retail. The Atlas Master Plan Community is a major contributor to the Research Valley Biocorridor consisting of 200 acres with nine projects already complete and several others on the way including Lake Walk Town Center. COMPLETED PROJECTS WITHIN ATLAS MAST PLAN COMMUNITY: CONCEPTUAL RENDERING OF RESEARCH VALLEY BIOCORRIDOR • Texas A&M Health Science Center: Over 700 Employees • IBIO: Over 100 Employees • Parc at Traditions Senior Living: 159 Units • Chi St. Joseph Maturewell: 50 Employees • The Stella Hotel: 176 Keys • Hawthorne at Traditions Phase I & II: 396 Units • Viasat: Over 200 Employees • Nutrabolt: 105 Employees • Texas A&M Center for Innovation: 150 Employees PLANNED PROJECTS – LAKE WALK TOWN CENTER: • 90,000 SF of Retail • 60,000 SF of Restaurant 4.74 acre site Within walking distance to • 80,000 SF of Office Atlas Master Plan Community • 296 Hotel Rooms • 650 Units of Residential • 25,000 SF of Medical Space • 5 Acre Lake Atlas CONFIDENTIAL OFFERING: College Station Multifamily or Student Development Site | 11 TEXAS A&M UNIVERSITY • With over 60,000 students, Texas A&M has the largest enrollment in the state of Texas and is one of the biggest in the nation.