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This reveals that VMU is actually in their best financial interest if
it is 3 floors or 4.
It is VMU that gives them more density.
And requires only about 8,400 sft of commercial in return.
(75% of Koenig face assuming 450 foot length x 24ft minimum
commercial depth)
Part if this will be the leasing office (Jamil said 3,000 sft in one
meeting)
And another significant portion will be "live-work" - which will likely
translate into a low to no volume business (accountant, architect)
I have tried to pin them down on the numbers but it has been useless.
Jody
On Sep 26, 2007, at 4:20 PM, Stefan Pharis wrote:
> Per CS-CP-MU-NP.
>
> The site is roughly 140,000 SF divided by 800 SF under MU for an
> efficiency
> (the LDC actually says 800 SF of site area) unit gives you a total
> yield of
> 175 units. This is how MU regulates density and VMU waives this
> requirement.
>
> Per their numbers which is 75% 1 bedroom and 25% 2 bedroom the
> yield would
> be closer to 135 units (1000 SF for one bedroom and 1200 SF for two
> bedroom)
>
> I did not catch this until talking with several people at the city.
>
> Stefan
>
> -----Original Message-----
> From: Patrick Goetz [mailto: [at] ]
> Sent: Wednesday, September 26, 2007 4:08 PM
> To: Stefan Pharis
> Cc: 'Northfield Discussion List'; [at]
> Subject: Re: [NNADL] [nndl] RE: The Apartment Monster
>
> Stefan Pharis wrote:
>> Correction,
>>
>> They can only do an absolute maximum of 175 units under the current
> zoning.
>> No retail required.
>>
>
> and that number is based on .... ?
>
>
> _______________________________________________
> NNADL mailing list
> [at]
> http://northfieldna.org/mailman/listinfo/nnadl_northfieldna.org
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