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Station Area Farmers Branch, Texas STATION AREA FARMERS BRANCH, TEXAS REQUEST FOR QUALIFICATIONS MUSTANG STATION RESTAURANT & RETAIL PARK SE & SW CORNERS OF BEE STREET & VALLEY VIEW LN, FARMERS BRANCH, TX The information contained herein was obtained from sources deemed reliable; [email protected] 214-960-4528 Thomas Glendenning/ / however, no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this real estate information is subject Landry Kemp/ [email protected] / 214-398-2546 to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. REQUEST FOR INTRODUCTION QUALIFICATIONS Executive Summary & Submission Requirements STATION AREA Key Dates & Contact FARMERS BRANCH, TEXAS Vision Key Facts MARKET INFORMATION Station Area Map Station Area City Owned Property Demographics Incentives Transportation & Access City Information EXECUTIVE SUMMARY The City of Farmers Branch is soliciting developer EXECUTIVE qualifications from firms interested in providing master development services for the city owned land surrounding SUMMARY & the Station Area. This is a Transit-Oriented Development (TOD) located adjacent to the DART Green Line Transit SUBMISSION Station. The City of Farmers Branch TOD objectives are to create a larger sustainable, livable station area district REQUIREMENTS while supporting pedestrian amenities and transit ridership. A sociable place with access, walkability, and activities STATION AREA integrated into a sustainable destination development is FARMERS BRANCH, TEXAS the vision for the remaining station area land. Commercial uses at street level, upper story residences and offices, hospitality and entertainment would be a welcome addition to the existing downtown development. Approximately 9.4 acres are ready for a development partner. SUBMISSION REQUIREMENTS The proposal should be a comprehensive and accurate presentation to include experience, organizational information, company letter and vision statement on a project concept. Please include an electronic copy of the following in the proposal: Letter with company name, statement asserting company has the financial capacity and experience to develop the proposed development, identification of the entity or person should an agreement be negotiated, and statement that all information within the RFQ is true and correct 1. Provide a detailed description of the company organization, identifying key personnel associated with the proposed development. If the proposal is made by a joint venture, all firms affiliated must be identified. 2. Provide experience of specific projects that demonstrate capabilities including location, land size, building area, development timeline and obtaining suitable financing. 3. Vision statement for proposed development that is compatible with transit and station area land use policies and community needs. A written narrative with a creative, innovative vision is encouraged and should be accompanied with conceptual graphics or maps. 4. A list of outstanding disputes between the City of Farmers Branch, DART, Dallas County, U.S. Department of Transportation and any other relevant agencies and/ or government entities. A list of any projects on which Respondent or any member of its Project Team has defaulted or declared bankruptcy, or in the process of doing so. KEY DATES Date Issued December 11, 2019 & CONTACT Pre-Proposal Conference January 16, 2020 Deadline for Written Questions January 22, 2020 STATION AREA FARMERS BRANCH, TEXAS Response to Written Questions January 27, 2020 Responses Due Date January 31, 2020 Evaluation Completed by City February 12, 2020 Recommendation of Short List February 18, 2020 to City Council Release of RFP to Short List February 20, 2020 CONTACT Questions regarding this RFQ can be directed to: Allison Cook, Director of Economic Development email: [email protected] phone: 972.919.2507 The Shops at Mustang Station is a retail development offering a curated mix of local restaurants, retail and entertainment options. Set in the heart of the Station Area, a master planned district unfolding in west Farmers Branch, the development captures the A NEIGHBORHOODTHE STOP. VISION authentic spirit of the city, while evoking a modern neighborhood vibe. ASTATION CREATIVE AREA START. | FARMERS BRANCH,Under Construction - Opening late 2019 TX MUSTANG STATION RESTAURANT & RETAIL PARK SE & SW CORNERS OF BEE STREET & VALLEY VIEW LN, FARMERS BRANCH, TX The information contained herein was obtained from sources deemed reliable; [email protected] 214-960-4528 Thomas Glendenning/ / however, no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this real estate information is subject Landry Kemp/ [email protected] / 214-398-2546 to errors; omissions; change of price; prior sale or lease; or withdrawal without notice. Farmers Branch has created a transit-oriented development near IH-35E and Valley View Lane over the past decade with residential, retail, commercial and green open spaces. Public facilities include city hall, an amphitheater, rose gardens, playgrounds, Rawhide Creek and The Grove @ Mustang Station. Private development over the past few years includes Starbucks, Chipotle, 29 single family K Hovnanian homes, 400+ multifamily units, 40,000sf retail with The Shops at Mustang Station, 41 Vintage Place townhomes, The Firehouse Theatre and the renovated Children’s Health StarCenter hockey facility. THE SHOPS AT MUSTANG STATION is under construction, KEY FACTS opening March 2020. Cox Farms Market and Cedar Creek Brewhouse & Eatery will anchor the 40,000sf destination retail development. Inline restaurant spaces include Roots STATION AREA Southern Table, Red Stix Asian Street Food, Starwood Café and Victoria’s Mexican Restaurant. Located at the FARMERS BRANCH, TEXAS southwest and southeast corners of Valley View Lane and Bee Street. THE GROVE is a city owned park located at the southeast corner of Denton Drive and Bill Moses Parkway. Investments include a concert stage, bathrooms, enhanced path for food trucks, lighting, picnic tables and farm house décor. Seasonal farmers markets, concerts and Christmas activities are held each year at The Grove. THE DALLAS STARS completed a renovation in 2018 of their Children’s Health StarCenter with the Texas Hockey History Museum, outdoor digital sign, Stars Alumni Lounge along with two ice rinks. Located at the southeast corner of IH-35E and Carrick Street, the StarCenter receives 200,000 visitors per year. THE FIREHOUSE THEATRE is located on Valley View Lane across the street from the new Shops at Mustang Station. A former Farmers Branch fire station is the venue for the award-winning theatre company. Located just west of IH-35E and Valley View Lane is MERCER CROSSING, a development of multifamily, residential and commercial on over 400 acres in Farmers Branch. The project will include over 800 single family home sites for townhomes and residential villas, a 5,000 seat outdoor amphitheater and a residential amenity center. The overall mixed used plans on the horizon include boardwalk restaurants with waterfront dining, retail destinations and family entertainment. Adjacent to the theater is the VINTAGE PLACE TOWNHOME development with 41 residential units, completed in 2018. STARBUCKS opened their store in 2019 at the northeast corner of IH-35E and Valley View Lane, with CHIPOTLE opening in 2020. THE STATION AREA FARMERS BRANCH, TEXAS E STATION AREA CITY OWNED PROPERTY .836 E Acres A 1.9 Acres B Key 1.4 Acres City Owned Dart Owned .6 Acres C 5 Acres D .9 Acres DEMOGRAPHICS & MARKET INFORMATION STATION AREA | FARMERS BRANCH, TX The Station Area corridor is well positioned to capture a larger share of economic opportunity due to a number of valuable and attractive assets. These assets include a DART light rail station, proximity to Downtown Dallas, and a central location near two major international airports (DFW International Airport and Dallas Love Field). The City also benefits from connectivity to several major interstates, including IH-35E, which creates strong mobility throughout the region; one of the top factors for corporate attraction. In fact, in terms of total office, the IH-35E submarket ranks 11th out of 45 submarkets with over 15.9 million square feet of existing inventory (CoStar). In addition, this submarket also ranks 4th in both new construction and absorption with 869,000 square feet under construction and 448,000 square feet annual absorption. Businesses for 3 Mile Radius Businesses for 3 Mile2427 Radius Carrick St, Farmers Branch, TX 75234 2427 Carrick St, Farmers Branch, TX 75234 12/3/2019 Copyrighted report licensed to Farmers Branch Economic Development - 560588. The City of Farmers Branch offers an array of INCENTIVES economic development incentives designed to facilitate development. STATION AREA FARMERS BRANCH, TEXAS TIRZ Tax Increment Financing (TIF) is a tool that local governments can use to publicly finance needed structural improvements and enhanced infrastructure within a defined area. These improvements usually are undertaken to promote the viability of existing businesses and to attract new commercial enterprises to the area. The station area is within the Farmers Branch TIF 2 district. In addition to TIF support, bond funding will be available for qualified projects. TAX REBATES/CASH GRANTS Chapter 380 of the Local Government Code provides legislative authority to the City of Farmers Branch for property and sales
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