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 it c h esearc Par e l 4.74 l e P acre site a r k w a y
ie Field of onor e v ri D y it esearc Par rs ive esearc Valley n Bio orridor U
asterwood eor e Bus irport Presidential ibrary 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: uu Excellent location uu TxDOT has announced uu College Station population has uu 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 uu 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 uu Zoning was recently stronger with an unemployment rate years and bike trails changed to PDD-MF to below 4% uu The university plans to spend $700 allow conventional u No off campus u uu 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 uu College Station to biopharmaceutical development Rellis Campus which will host 10,000 City Council recently uu Phenomenal visibility directly west of Texas A&M students and frontage along u approved the conceptual uu The Atlas Master Plan Community u 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 uu 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
94 ACRE 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 raditions w e b a v o y i u olf ommunity Future n r U n esearc Par R o a d
ie Field of onor e as esearc Par edical Sc ool esearc Valley y Bio orridor w k P er eor e Bus tz o Presidential St d ibrary n o m y a R
asterwood Welcometo irport 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 94 ACRE 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 raditions w e b a a v o • 60,000 SF OF RESTAURANT T P y i u olf ommunity Future n r • 80,000 SF OF OFFICE u r U n r e esearc Par 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 ie R Field of onor e as esearc Par edical Sc ool esearc Valley y Bio orridor w k P er eor e Bus tz o Presidential MASTER PLANNED COMMUNITY St 47 d ibrary 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 asterwood Welcome • VIASAT: OVER 200 EMPLOYEES irport 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. TEXAS A&M UNIVERSITY ENROLLMENT STATISTICS
• Texas A&M is home to the George Bush Presidential Library and Museum— one of only 13 Presidential Libraries administered by the National Archives and Records Administration. 2016 Total Enrollment 60.979
• Research conducted at Texas A&M represents annual expenditures of more than $820 million, ranking Texas A&M in the top 20 in higher education research and development 2016 Undergraduate Enrollment 51,232 expenditures.
• Texas A&M ranks 24th in the nation in attracting international students, with 5,336 students Beds on Campus 10,810 from 123 countries enrolled.
• Texas A&M is one of a select few academic institutions in the nation to hold triple federal % of Undergraduates on Campus 84.0% designations as a land-grant, sea-grant, and space- grant university.
Texas A&M University Enrollment History
65,000 -
59,000 -
53,000 -
47,000 -
41,000 -
35,000 - 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Acutal Enrollment Projected Enrollment per Axiometrics
12 | CONFIDENTIAL OFFERING: College Station Multifamily or Student Development Site TEXAS A&M UNIVERSITY - MASTER PLAN
The Texas A&M University Master Plan has been in place since 2003 and merges together academic, athletic and enrollment plans for an overall view for the University going forward. It is highlighted by the $485 million Kyle Field expansion, finished in 2015. The new stadium has over 102,500 seating capacity and is the center point of the campus additions. With current enrollment over 60,000, the plan also projects $700 million of expenditures across the 10 Colleges: Agriculture, Architecture, Education, Geosciences, Liberal Arts, Science, Veterinary Medicine, Engineering, Government, and Business. The proposed renovations and new facilities include:
ATHLETICS TEXAS A&M UNIVERSITY • Kyle Field Addition & Renovation • Indoor Practice Facility • Olsen Field • Basketball / Volleyball Practice Facility • Aggie Soccer Complex • Aggie Softball Complex
MAIN CAMPUS
• College of Veterinary Medicine & Biomedical Sciences • Zachry Engineering Center Complex • Student Recreation Center Addition • CVM & Biomed Science Education & Small Animal Hospital Expansion • Commons Building Renovation • Bright Building Renovation Campus Development Plan 105
NEW VET SCHOOL 2016 OLSEN FIELD KYLE FIELD RENNOVATION 2015 FUTURE ZACHRY ENGINEERING COMPLEX
CONFIDENTIAL OFFERING: College Station Multifamily or Student Development Site | 13 TEXAS A&M UNIVERSITY - MASTER PLAN CONTINUED
Also planned within the Research Valley Biocorridor is the renovation of the former Texas A&M Riverside Campus. The new campus, identified as the Texas A&M Rellis Education and Research Campus is dedicated as a high-tech, multi-institutional research, testing and workforce development campus. The campus is approximately 2,000 acres and will focus on the development of emerging infrastructure and transportation technologies including driverless cars and smart power grids. Located on this campus will be the Gateway Education Center, which will be a $150M learning facility developed by Texas A&M and will accompany approximately 10,000 students at full capacity. Other uses on the new campus will include:
PLANNED PROJECTS:
• Center for Infrastructure Renewal • TEEX Training Facilities
• TTI Advanced Research in Transportation Technology Building • Mary Kay O’Connor Process Safety Center
• Cyber-Physical Research and Development Center • Mike and Beverly Rowlett Industrial Distribution Center
• TEES Headquarters and Research Center • Gateway Education Center
TEXAS A&M RELLIS CAMPUS TEXAS A&M RELLIS CAMPUS SITE CONFIGURATION
14 | CONFIDENTIAL OFFERING: College Station Multifamily or Student Development Site BLINN COLLEGE — MASTER PLAN
Since 2006, Blinn College has experienced an estimated 37.5 percent enrollment growth. To support its growing student population, Blinn College has put together a comprehensive master plan based on four main priorities: student success, community enhancement, human capital and planned growth. The plan includes several new campuses, new and renovated academic buildings and upgraded athletic facilities.
Part of this expansion includes the purchase of 95 acres for a development of a second Brazos County campus designed to service between 10,000 – 15,000 students. The proposed plan calls for a multi-phased development of seven academic buildings, three student resource buildings and 5,500 parking spaces.
In conjunction with the University of Texas A&M, Blinn College has announced plans to develop an additional new facility at the RELLIS Campus, formerly Riverside Campus. This new multi-institutional Gateway Education Center will allow Blinn College students to take courses and transfer their education seamlessly to the Texas A&M University System. The campus facility will accommodate approximately 2,500 students and plans to open in 2018.
CURRENT PROJECTS: PLANNED PROJECTS:
• Kruse Center: Recreation, Fitness & Athletics Facility • Brazos County Campus • RELLIS Campus COMPLETED PROJECTS:
• Doyle Coatney Center: Athletic Training Facility
RELLIS CAMPUS
CONFIDENTIAL OFFERING: College Station Multifamily or Student Development Site | 15 TEXAS A&M UNIVERSITY
he fourth-largest university Home to the George Bush Presiden- in the United States and the tial Library, Texas A&M has many Tlargest university in Texas, attractions and facilities that better Texas A&M opened its doors in 1876 its student population. A 400,000 SF in College Station to fewer than 100 recreational sports center complete students. Today, over 60,000 students with a rock wall and a world-class enjoy all that the University has to natatorium caters to all students— offer, furthering their education and 12,000 of which use the facilities growing the A&M brand. while participating in any of the A research-intensive university that school’s 34 student-led sports clubs is the flagship of the Texas A&M Uni- and intramural. versity system, A&M offers more than Almost 650 student-athletes com- 120 undergraduate and 240 graduate pete for A&M in the SEC at the NCAA degree programs in 16 colleges and Division I-A level. The school’s 20 schools. While being ranked 5th in varsity sports are led by Reveille the nation among public universities VI, a full-blooded collie that is Tex- in U.S News and World Report’s “Best as A&M’s beloved mascot. Football Value Schools” rankings, A&M treats its students in the finest of manners, reigns supreme in College Station, providing more than $820 million as the maroon and white-clad Ag- in research and development in the gies storm the field every fall backed past year alone. The University ranks by the legendary 12th Man— the en- highly in many categories, being tire student body, past and present, listed in the top 25 of U.S News and whose roar is heard for miles beyond World Report’s Public School rank- the playing field, capturing the hearts ings as well. of the A&M faithful.
16 | CONFIDENTIAL OFFERING: College Station Multifamily or Student Development Site BRYAN-COLLEGE STATION, TEXAS
ying in East Central Texas, Col- ments, and bars. Many well-known known musicians, particularly Country stars like Robert Earl Keen and LTexas , College Station is a strong Grammy winner Lyle Lovett, had their town that plays home to 100,050. Found- start in College Station. ed in 1860 when the Houston and Cen- tral Railway began to build through the Over the past several years, the town region, College Station has its origins has experienced rapid growth and sound as a stop along a long set of tracks. As business development. Its 2013 popula- more rail lines ran through the region tion is up 6.4% from 94,063 in 2010. In and people began to settle in, the town the 10 years prior, College Station added became a sensible point to establish a nearly 30,000 to its population, as the university, and Texas A&M— the first 2000 Census called for 67,890 residents. public institution of higher education— Local unemployment is among the low- was founded. est in Texas, hovering around 3 to 4 per- Perhaps best known for its harboring cent— a number largely attributed to Texas A&M, College Station also has its the significant role the university plays mix of businesses, restaurants, apart- in the local economy.
CONFIDENTIAL OFFERING: College Station Multifamily or Student Development Site | 17 CONTACT INFORMATION
Kevin Dufour Direct – 512-649-2422 Mobile – 512-775-9130 [email protected]
Chris Epp Direct – 512-649-3400 Mobile – 214-448-3285 [email protected]
Chris Bancroft Direct – 512-649-2400 Mobile – 512-705-0212 [email protected]
Address 1515 S Capital of Texas Highway Suite 405 Austin, TX 78746 Main – 512-649-7300 Fax – 512-649-8300 www.FourPointInvestments.com
Information for Development Site is available on our website at www.FourPointInvestments.com