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Home My WebLink About2013/04/23 Special Orders of the Day - CV Bayfront Master Plan CHULA VISTA BAYFRONT Implementation Update Presentation Chula Vista City Council April 23, 2013 1 Today’s Presentation Jones Lang LaSalle (JLL) Team and Tasks • CCI Partners Team and Tasks • Timeline • Bayfront Vision • Next Steps • 2 Jones Lang LaSalle Worldwide Coverage 200 Offices, Operations in 1,000 Locations in 70 Countries AmericasEMEAAsia Pacific Alpharetta, GAIndianapolis, INPhoenix, AZAbu DhabiHelsinkiParis -Saint-DenisAdelaideHyderabadQingdao Atlanta, GAIselin, NJPittsburgh, PAAlmatyIstanbulPragueAucklandJakartaSeoul Austin, TXKansas City, MORaleigh, NCAmsterdamJeddahRiyadhBangalore -Prestige SterlingJohor Bahru*Shanghai -Pudong Baltimore, MDKing of Prussia, PARio de JaneiroAntwerpKievRomeBangalore -UB CityKochiShanghai -Puxi Bethesda, MDLas Vegas, NVSacramento, CABarcelonaLeeds RotterdamBangkokKolkataShenzhen Boston, MALos Angeles, CASan Antonio, TXBerlinLeipzigSevilleBeijingKuala Lumpur*Singapore Buenos AiresLos Angeles (West), CASan Diego, CABirminghamLisbonSt. PetersburgBrisbaneLiverpoolSydney Charlotte, NCMcLean, VASan Francisco, CABrusselsLondon -Canary WharfStockholmBrookvaleMacauTaipei Cherry Hill, NJMemphis, TNSanta Clarita, CABucharest London -CityStuttgartCanberraMakatiTianjin Chicago, ILMexico CitySantiagoBudapestLondon -West End Tel AvivChandigarhMascotTokyo –Nagatacho Cincinnati, OHMiami, FLSão PauloCairoLondon -West LondonThe HagueChengduMelbourneTokyo –Sanbancho Cleveland, OHMinneapolis, MNSeattle, WACologneLuxembourg UtrechtChennaiMumbai –Lower ParelWellington Columbus, OHMississaugaSt. Louis, MODubaiLyonValenciaCoimbatoreMumbai -Worli CuritibaMonterreyStamford, CTDublinMadridWarsawGlen WaverleyNew Delhi Dallas, TXMontrealTampa, FLDüsseldorfManchesterGuangzhouNewcastle Denver, CONew York, NYTorontoEdinburghMilanGurgaonNorth Sydney Detroit, MIOrange County, CAWalnut Creek, CAEindhovenMoscowHanoiOsaka -Kansai El Segundo, CAOrlando, FLWashington, DCFrankfurtMunichHo Chi Minh CityParramatta Fort Worth, TXPanama CityWestmont, ILGlasgowNorwichHokkaidoPenang* Hartford, CTPalo Alto, CAGothenburgParis -CentralHong Kong -KowloonPerth Hasbrouck Heights, NJParsippany, NJHamburgParis -La DefenseHong Kong -Quarry BayPhuket Houston, TXPhiladelphia, PAHannoverParis -Plessis-RobinsonHong Kong -QueenswayPune * Services in Malaysia are provided through a strategic alliance with Jones Lang Wootton Malaysia 3 Jones Lang LaSalle Firm Overview StatisticsServicesAchievements EmployeesCore 45,500 in 70 countries Development Asset Strategy Investment Sales Investment Assets Project and Development Services Under Management Public Private Partnerships Energy and Sustainability Services $47B Property Management Square Feet Under Tenant Representation Landlord Representation Management 2.1B Asset Specialties Government Real Estate Tenant Representation Hotels 349M sf Office Industrial Research Retail 350 Global Staff Healthcare 4 Jones Lang LaSalle –Some of our Signature Projects Canary Wharf, London, UK JLL was the development advisor on the largest regeneration project in Europe. Once completed the development will provide over 13,500,000 sqftof office retail and leisure space. World Trade Center Jones Lang LaSalle is the real estate advisor to the Port Authority of New York & New Jersey on all facets of the project, including development feasibility and oversight, cost estimating, market assessments, pro forma analysis, design review, financing assessment, leasing support and deal structuring support Greenwich Peninsula London, UK 15 year program to redevelop 120 hectare contaminated site on the Greenwich Peninsula into a new urban quarter in Greater London. Jones Lang LaSalle provided valuation advice for the initial purchase, and was subsequently retained to provide strategic development, planning, valuation, research and site remediation advice 5 Jones Lang LaSalle Team Firm Overviews and Roles Cumming ConstructionMontague DeRose About•About • Established in 1996–Founded in 1995 - 230 employees in 19 offices–18 employees in 3 offices - Corporate HQ in San Diego–Extensive experience assisting Ports with bond - financing Significant experience costing infrastructure at resort - and hotel developments–Has assisted municipal users in the structuring and sale of over $174 billion in short and long-term issues Role(s) • •Role(s) Identify infrastructure requirements in coordination with - development phasing plan−Advise on funding mechanisms and sources Assist with development of infrastructure phasing −Suggest financing alternatives - strategy −Suggest investor outreach activities related to Provide initial cost estimates for phase one infrastructure financing - infrastructure Assist in cost estimating of vertical development to - help establish development pro formas 6 Assignment Tasks and Process, JLL Team Structure/Approach Prepare market analysis for proposed Bayfront uses (hotel, retail and • industrial) Estimate Infrastructure Costs • Develop Initial Phasing and Product Mix • Prepare Development Pro Formas • Recommend Infrastructure Financing and Cost Allocation Strategies • Prepare Recommendations for Development Solicitations for Phase 1 • 7 Status of Current Assignment, JLL Team 8 Status of Current Assignment, JLL Team 9 CCI Partners Firm Overview CCI is a consulting and investment advisory firm that brings development planning and • project finance expertise to complex real estate, infrastructure and energy projects. The Company is comprised of 12 partners in offices in San Diego, New York, Hong Kong, • and Panama City and have worked on projects ranging from energy, real-estate, shipping/logistics, telecom and clean technologies. Our principals have significant expertise in project development and financing, having • worked on projects valued in excess of $5 billion. Recent Projects Include: • 1.0 million square meter mixed-use development in Tianjin, China in partnership with the • provincial government and the Rockefeller family. 1.4GW in wind power projects in strategic partnership with GE Energy and Guggenheim Capital • Partners. Major shipyard/port infrastructure and real-estate development project in final negotiations. • 10 Vision to Destination Vision Destination Execution Development Guidelines  Strategic Business Plan  Programming  Branding Strategy  Strategic Partners  Capital Structure/Raise  11 Project Development CCI, in partnership with HKS Urban Design, works with owners and stakeholders to develop • an economically sustainable vision and construct a business plan and brand strategy to market the plan to developers, strategic partners and potential investors globally. CCI has a demonstrated ability to: • Take initial concepts and expand them into commercially-viable projects;  Assemble and effectively manage teams of world-class service providers;  Work with regulatory authorities to address their concerns and advance projects at a reasonable  pace; and Attract capital, structure it appropriately, and manage the on-going relationships with the capital  providers. Rose Rock International Finance Center Dome CityResort DevelopmentWind Power Development Tianjin, China Pangyo, South KoreaGuanacaste, Costa RicaHami & Jilin, China 12 Integrated Approach 13 Assignment Tasks and Process, CCI Team Structure/Approach Prepare Design Guidelines For Developers. • Design Guidelines will include: A theme for the Master Plan; - Design standards for streetscapes and public areas; - Coordination with the overall infrastructure plan; and - Review by the BayfrontCultural and Design Committee (BCDC). - Develop Branding and Marketing Strategy • Utilize the Master Plan vision developed in the Design Guidelines to form the - basis for a comprehensive branding and marketing strategy suitable for targeting developers to support an economically sustainable development plan. 14 Status of Current Assignment, CCI Team 15 Chula Vista Bayfront Comprehensive Development 16 Who we are: Established in 1947 1,000 employees in 30 offices Architecture and Urban Design What we do: Qualitative Assessment of the Master Plan Establish Design Guidelines We are inspired by the world’s most beautiful cities….. 17 HKSUrban Design Studio Chula Vista 18 Bayfront Master Plan Vision Port Master Plan 19 Port Illustrative Plan Chula Vista… 20 Wildlife Habitat Areas 21 Port Phasing Plan 22 Design Principles Create One Chula Vista Bayfront 23 Design Principles Extend Chula Vista all the way to the Bayfront 24 Design Principles Sweetwater Create three distinguished districts Harbor Otay 25 Design Principles New development should reinforce the sense of place at the Bayfront 26 The Site 535 acres Private Development Public Realm 329 acres206 acres 61%39% 27 The Site Private Development Public Realm StreetsDevelopments Parks Water H Street Commercial Harbor Signature Park Sweetwater Marina Marina Buffer Park District Parkway H Street Pier Harbor Park E Street Navigation Channel BayfrontPark J Street Harbor Boat Navigation Linear Park F Street District Open Water Area New Street A Marina View Park Boat Yard New Street C OtayBuffer Park OtayStreet Otay Neighborhood Park (Street B) District H3 Service Driveway 28 9 Projects8 Projects6 Projects14 Parcels 37 Projects Development Overview 5,289,500 SF 206 ac 0.59 FAR SweetwaterHarborOtay Commercial RecreationMixed UseIndustrial/Recreational 240,000 SF5,049,500 SF 33 ac123 ac49 ac 0.17 FAR0.94 FAR 29 CHULA VISTA BAYFRONT HOTEL DEL CORONADO 30 Open Space Overview SweetwaterHarborOtay PassiveActive/EventsPassive Habitat Replacement, Wetlands, Park/Plaza, Bayside Park, Park-activating Industrial/Recreational Park/Plaza, Commercial Recreation and Ancillary Uses, Bayfront Parks and Fishing Park/Plaza, Habitat Replacement, PromenadePierWetlands, Commercial Recreation and Promenade 88 ac (91% of 97 ac)62 ac (22% of 282 ac) 72 ac (58% of 124 ac) 31 32 Water Overview Harbor Realigned Navigation Channel • Creation of Open Water • Relocation of Existing Boat Yard • Reconfigured Marina • Relocation of 200 slips • 59 ac 33 34 BALTIMORE INNER HARBORCHULA VISTA BAYFRONT Street Overview SweetwaterOtay Harbor 3 streets2 streets 7 streets EFHJL Marina Pkwy 35 58’23’ Bike lanes onSouth -Tree on median 93’ Expanded Pedestrian Walkway No MedianAdded Bikeway H Street Section -DRAFT The Plaza Marina PKWY H Street Draft Conceptual Rendering 38 39 Draft Conceptual Rendering 40 Draft Conceptual Rendering CHULA VISTA BAYFRONTMASTER PLAN Questions? 41 41 CHULA VISTA BAYFRONTMASTER PLAN 42 42 CHULA VISTA BAYFRONTMASTER PLAN Bayfront Cultural and Design Committee Form the BCDC as an advisory committee to the Port District, through the • approval of the Chula Vista BayfrontSettlement Agreement, regarding the design of parks, walkways, bikeways, cultural facilities, and development projects within the Port District’s jurisdiction. BCDC membership will consist of eleven (11) members, eight (8) to • appointed by the Port District and three (3) by City of Chula Vista: Members should be sensitive to design considerations and interested in townscape matters. - Persons qualified for membership should include architects, landscape architects, and land - planners, and other design professionals with suitable experience. Role of the BCDC • Advise the Port District on the creation of the CVBMP design guidelines criteria and hold two - (2) to four (4) meetings/workshops for public input. In an advisory capacity only, review site plans, landscape plans, public art project and - exterior design of buildings for consistency with the CVBMP approved design guidelines. Advise and provide input on public art projects proposed for sites within the project area. - In an advisory capacity only, conduct a stakeholder review of major development projects - 43 . following completion of the RFP/RFQ selection process