WESTRIDGE ACRES / THE GATEWAY TO GLENWOOD SPRINGS, COLORADO A RESIDENTIAL / MIXED USE PLANNED URBAN DEVELOPMENT AND SUSTAINABLE VILLAGE (47.6 ACRES + 53.3 ACRES TOTALING 100.9 ACRES) WESTRIDGE ACRES | Development Location | Exponential Potential via Annexation/PUD Zoning Dynamic Planned Urban Irreplaceable Superior Yield Preservation/Recreation Development Potential Access/Services and Lasting Legacy w Generationally Family Owned w 3 State Approved Entrances from w Exceptional Opportunity to both w Superior Ability to potentially Gateway Property Never for Sale Prior Highway 6 / Mitchell Creek creating Develop profitably and protect build 370 to 500+ of Multifamily/ Superior access to new Expansive West Glenwood’s own “World Townhouse Condominium Units, a w Immense Untapped Planned Development Class One-Of-A-Kind Elk Corridor” Mixed Use Retail Center as well as Urban Development potential higher above the parcels numerous Mid/High Level Single 7 World Class Ski Areas Voted 2015 Top 5 Cities in U.S. with Strong Future Assemblage w Superior Water Access via Family Houses in a high demand/ in 60 Mile Radius to Live in by Outside Magazine Synergy/Potential Westridge Acres own well water w Optimum High Visibility Location low inventory Housing Market with rights/privately-owned sewer taps for new “Branded Recreational w Opportunity for Investor/ very limited other land available and City and County water rights Mixed Use Self-Sustaining Village” World-Class Hunting Developer to create own Visionary in step with new city plans to w Successful Campground and RV and Fishing Development Concept in w Potential for all Westridge Acres further connect all recreational Park with Seasoned Revenues Irreplaceable Legacy Location parcels to get full City Services at infrastructure, bike baths, to the benefit of New Property Annexation w Imminent West Glenwood Springs sidewalks and utilities Owner until future development Annexation via Direct Contiguity to w Key Transit Location for 24 Hour w High Demand Current Housing 1541 Mitchell Creek, LLC Glenwood Water Treatment Station ( Storm King) Van Service connecting new Market w/ Severe Inventory Voted Rand McNally’s w Last Geographically Feasible “Glenwood Gateway Village” to Shortage supporting that a “Mixed Most Fun Small Town in the USA Development Location with Downtown, The Iron Hot Springs, Use Sustaining Mountain Village potential for excellent combination w City has drafted The Tram, Sunlight Ski Area, The Planned Urban Development” of prime view mid and high- imminent annexation by Hot Springs Pool, Aspen and Vail would potentially be highly end residential, retail, office, right memorandum of successful within Glenwood w Potential for Tax Subsidies via apartments/affordable housing understanding. Springs marketplace/economy ROARING FORK VALLEY Utilization of Alternative Energy Platforms In Future Development w Potential for superior “Developers Targeted Risk Adjusted 30% + Westridge Acres Range Internal Rate of Returns” via highest and best site utilization/ development planning WESTRIDGE ACRES (AKA “THE AMICHAUX EXEMPTION”) PHOTOS T he Final Contiguous Strategic Western Location Unlocking the Last Geographically Buildable Acreage of Glenwood Springs. Located at the end of the Roaring Fork Valley controlling all Western Access to Aspen, Vail, The Roaring Fork Valley and Storm King Ranch. “Housing Development Picking Up In The Roaring Fork Valley” Aspen Times June 2015 The Roaring Fork Valley Regional Planning Commission will review a proposed housing development today. It’s a project that could bring needed affordable homes to an area seeing barely any inventory and skyrocketing prices. Aspen Public Radio’s Elise Thatcher continues our series on the housing shortage today. Confidential Westridge Acres Offering Summary Judd Dunning | Los Angeles Office | Executive Managing Director | 310.261.8428 | RE Lic #01520854 1 WESTRIDGE ACRES / THE GATEWAY TO GLENWOOD SPRINGS, COLORADO A RESIDENTIAL / MIXED USE PLANNED URBAN DEVELOPMENT AND SUSTAINABLE VILLAGE (47.6 ACRES + 53.3 ACRES TOTALING 100.9 ACRES) DEVELOPABILITY ANALYSIS DEVELOPMENT INEVITABILITY ACCESS RECREATION CONTRIBUTION PRESERVATION = LEGACY, HERITAGE & HIGH YIELD WESTRIDGE ACRES Development Location | Exponential Potential via Annexation/PUD Zoning ä á ã á ä ã á IMMINENT ANNEXATION BY RIGHTS ã ä + d R k e e r C l l e h c PRESERVE t PROTECT PROMOTE + i M Commercial Use Since 1971 Sa g e Rock Le dg C e D i r Dr ana osa T ger er D nd r r D C P o tarm S C P dows Dr a a ha ig i l re Mountain S b r v e d an e k m i r O s P Pi a n L Sunny a id o t a n A k e n n G l cr D C de C L e r ar i s t p al o n r r C R O o p t n Su d s e a d Cha R h n ro x a p C D r n r d i y nd D f C H Highla o r D Donegan Rd n R i ill rd u s y L g J Vista D n e l L n r l i Fa n a i K r + d v Red V ie d R w m r R y D o r t a d l S R e t i C l tle d r Cas F e R D r M r g e r e n c t Y i D a c le n K C y e arvard i Planned Urban Developmente D he Final Contiguous Strategic Western So D r H C o Rd m n r nega r R P D r o i n t ce St e t on US 6 rk C R a iverine I-70 t i R M T d I-70 I-70 Ramp C I-70 a I-70 bi Unlocking Westridge Acres I- m 70 0 lu G Ramp CommercialI-7 Land o il C Location Unlocking the Last Geographically str a t Highest IRR Potential p C © Wat R er Treatment Plant d © M Tra ver Tr id W land Buildable Acreage of Glenwood Springs. ul Av fsoh East Parcel Already City Water Serviced. Annexation To n R + Adjacent Parcels d r D s w o d a e Potentially Expand Services Further into Storm King and Parcels in Low - Moderate Slope Area with Positive Exponential Viability/Use M Dr s Located at the end of the Roaring Fork Valley w o I CITY LIMITS AND d -7 a 0 e all other Assemblage. Buildable Analysis/Review. M St 1st St [ ] W 2nd St Pinyon vereux Rd 3rd St De Ec St h o controlling all Western l 4th St St I-7 0 re Hill St u 5th St a CONTIGUITY t L Spring St S I St -7 e 0 e v n i I-7 l Pi 0 O 6th St L i n c Access to Aspen, Vail, o D t l n O a R S I-7 iver v 0 R A r Av Immediately Contiguous to City Owned Cardinal Ranch Water Station v v amp e i iv e s R r S l D r i n r D Av D Av n r r i 7 r th St l 7th St e e r R t e n St m i Property already adjacent to Commercial Limited l e v h d t M O 7 The Roaring M W Pa o t 8th St u S n l Av Av (1-70 and Colorado River Reported as Not Barrier to Annexation) t o a r n Av i o i e n r k h t e V m l t D Av e Pi n Sc v i r and Planned Unit Development Zoning on Glenwood l n t l Pa u A 9th St M o s o c P d n t i W 9th St a L S a r rk l o R Av l • Parcels Assessed to have Current Commercial Viability for d multiple sites of up to 370 to 500+ units/condos/townhomes/duplexes + 17,000 sf Fork Valley and o W 10th St o n o i C 10th h k St t Av L Sc Pi Av r Springs City Zoning Map. High probability of superior a r W e 11th St e t t s m l + n o i R n Ct v M retail + many SFR's for Maximum Development profits Pa i A 11th St v e r v r e v A Pl p v h ie t o o 1 w A Storm King Ranch. o 1 d t W D t C e annexation negotiation outcome for higher density ra W r C Av n o e 12th S t l m Av • Prime Hilltop Crest “Million Dollar Panoramic City and Up Valley View” Residences, Condominiums/ Apartments or Clubhouse n n o e i t e e k C Downtown Inset Map t k Be ry a t R W 13th St Pi d 13 Bl r C th St v d in T a y R t A o l x un a u o o re w v W ve M e C • Site ready for acquisition, conceptual development, “Annexation Pre-App” meeting and development commercial/residentiale use. i A D d k d v 2 e r R z a 8 R l e k a O e v 14th i St O e r r W R C C l D l e st St h 1 W rk B c t e i St o n • City Very Pro-Growth for 2016 Severe Housing Shortage In Valley. $252,000,000 of New Bridge, School and Recreation Funding Just Approved M n yo F n n 2nd St Pi 15th St et g t A n i v r d a R v o A o 3rd l St R r e U Po p S o 6 4 Park Dr o th C St St Ec St ho St r D l d e N o l H I-7 Sa yland Park Dr o re V w 0 g p Rock L ln e u e a d i o C ge r c a 5th H i St D ill St g n M r i PUD Zoned I r L i L -7 D ana n osa T ger Dr 0 er D ia S Hyland Park r d St r n D C P o tarm S C ows D a e R P had r a ig i Hyland Park Dr r I Mou ain S b r Spring St lv d e nt n e -7 d an PUD Zoned er k m i O s 0 P Pi a n L Sunny a t id o a Pi n Ac k e R n n G l St r D C d C e r PUD Zoned e L ar i s t p al o n a r r o p Ct R d O n e Su m s e a d Cha R h n ro x a p C D r v Will n r i i a f p d ms D i St y d C Highlan o r D l H Donegan Rd I n -7 R i ill rd u s y L g J 0 sta D O n e Vi l L n l r i Fa n 19th St a i K r d v Red V ie d R w m 6th St r R y D o r t a d l S R e t i C l tle 20th S d t r Cas F e R D r M r g R e r e n c t i Y i v ©D a c le n e St K C y e r arvard r i e D A So D H r C o Rd e m n r nega v R r P iv 21st St D r o i n t R ce St e S to k © n r US 6 C Av R a iverin I-70 t i © e v M Rd I-70 C e I-70 Ramp I-7 a 2 0 i 2nd k I-70 b A St I- m a 7 I-7 0 u l G 0 I-70 I-7 l n R o l amp 0 C il B s o tra t p C c 23rd St n i t L Av S r e e l Bl W o 24th St m ate t R i r lan d l Tr t P a eatmen r Mi Tra ver Tr dlan k d v O W Av e ulfs Pa o A 7th St h n R Av r d v 7th St Av e A r t v r t e D n t A i Cisar Ct s St e y w m W s o Ea l o M St d n d a a o th n 7 e o P W ra M d Av o Be 26th St l b n o e l Dr rry C s o w c o I d -7 n D Av a i 0 Av e r L r M 27th St e e 8th St k p t v st St a t o W 1 n S S yo M A 2nd Pin St o l Av Bl i o Parcels in Low/Moderate Fire Zone and further buffered o C 3rd St d evereux Rd n D d E o l i c St h a Av o l S e 4th St t k h Av ra I n t r -7 v re o 0 Hill St d n e u 5th St l l Pi A Sc a t o Av L Sp o rin m g St S I St l d - c C l 7 e e a 0 v n n e i i l P i I-7 Pi L f O r 0 6th St 9th St a L Av i G n r 9 c by fire barriers created during past historical fires.