TCB Northampton State Hospital redevelopment proposal PPTThe Village at Hospital Hill
Community /Developer Objectives
. 750 jobs - attainable over 10+ year build -out
. 15% target set -aside for DMH clients
150 -200 mixed - income housing units
. 15% set -aside for DMH clients
. Preservation of historic structures where possible and open
space
High quality construction jobs with priority to
Northampton residents.
Commitment to ongoing community participation
throughout the planning and development process.
NSH Redevelopment Opportunities
Opportunities:
• Community economic development project.
• Strong political support.
• Extraordinary landscapes, topography and vistas.
• Architecturally - significant structures.
• Local network of institutions of higher education.
• Vibrancy of downtown Northampton.
• Attraction of Northampton to entrepreneurs.
NSH Redevelopment Constraints
Constraints:
• Highly - public process.
• Remoteness of site for business access.
• Scale of site relative existing real estate market
• Age and condition of buildings.
• Overlay of public purpose goals.
• High risk and slow return to developer.
• Significant public investment required.
Guiding Elements
. Preservation; of historic buildings, where feasible,
as well as the character and ambiance of the
campus setting.
. Infrastructure development which enhances high
technology, home -based and/or small commercial
uses.
. Integration and coordination of the village plan
with city and regional planning efforts.
. Public transportation links to other parts of the
City including downtown and Florence Center.
Guiding Elements
. Ongoing community planning process for program
and design development.
. Creation of mixed use neighborhood; commercial
& residential uses within walking distance of each
other.
. Preservation of open space, specimen plantings
and scenic vistas.
Master Planning Process
Site Assessment
• Market Analysis
• Financial Analysis
• Community Input
Existing Conditions
The Village at Hospital Hill
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Phasing
f .F
Mixed
Retail
Subtotal*
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Project�� Lt. Industial
i Office
Use
Commercial
(Phase: Size - S.F.
Size - S.F. Size - S.F.
Size - S.F.
Size - S.F.
Phase A 71,000
30,000 ��
0
0
101,000 E
Phase B 0
i
20,000 '
=
12, 000
0
I 32,000
�
�
P has e G�� 0
224, 000
11,000
22,000
257,000
P hase D _ _ 0
-;
30,000
56, 000
0
86,000
i
� ������ 71,000
Project Total
304,000
79, 000
22,000
390,000
*Phase D's 86,000 S.F. of commercial development not included, and may change
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according to market dem and
f
E
Residential Development
Sample Compansion of Rehabilitation vs. New Construction
'Male Attendant's Dormitor - 20,000 Square feet of Office /R &D Space
3 Rehabilitation New Construction
Construction Cost $2,400,000 _ $2,000,000
cost per sf $120 4 $100
i Demolition $380,550
,Environmental Remediation $21,000,
i
,Total $2,421,120 $2,380,650;
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119
'Total Cost per square foot $121 $
_
Economic
• General Criteria:
— Low Environmental Impact - Compatible with mixed use
community
— Low traffic producer
— Non - Competitive with Downtown Retail
— Living Wage
— Synergy with Five College Community
Economl*c Development StrategA
• Leading Sectors:
Technology Based Businesses
• Software developers
• telecommunications,
• internet providers
• internet business consultants
• information technology firms
• Leading Sectors (cont.)
• Web designers
• internet publishers
• digital and electronic
• sound recording studios
• graphic artists
• video game developers
• filmmakers
• film, music, video editors
• publishing
Economic Development Strategy
• Become a "wired" business park —
telecommunications infrastructure
• Develop a Pilot site to collocate technology firms
• Capture growth of local firms — first priority
• Explore regional markets (New York, Boston,
Hartford) building on the livability of Northampton
• Focus on companies or entrepreneurs which could
locate anywhere but are looking for places where
synergy is possible
Economic Development Strategy
• Strategy (Cont.)
• Focus on small — medium size companies
• Provide links to capital sources — Mass Ventures
• Integrate effort with regional economic development
initiatives — EDC/ Pioneer Valley Plan for Progress
• Absorption: 30,000 +/- square feet per year
Implementation
• Formal Approval of Plan by CAC; then...
• Required DCAM actions:
— Formal Approval of Master Plan by DCAM
— Negotiation of LDA with TCB (60 days)
— Develop Schedule and Funding Plan for
Demolition and Environmental Remediation
with TCB (60 days)
— Develop Schedule and Funding Strategy for
Infrastructure Program with TCB (60 days)
— Regulatory Review of LDA (90 days)
Implementation
• State Reviews &Permits:
— MEPA (180 days)
— Mass Historic Process (180 days)
• Local Permits &Approvals:
— Master Zoning process (120 days)
— Subdivision approval (120 days)
— Conservation Commission (120 days)
Implementation
• TCB Actions:
— Formation of Ownership Entity
— Land Development Financing
— Ongoing Sales and Marketing
• Property conveyed, development
commences
Conclusion
•Formal Approval of Site Plan by CAC
Required
• Long Term Community Economic
Development project
• Significant Public Investment Required
• United Political and Community Support
Essential
• Long Term Fiscal Impact to City and State
Positive
Infrastructure Requirements
Estimated On -Site Infrastructure Costs: 2,923,000
Estimated On -Site Storm Water Management: 200,000
Estimated Offsite Infrastructure Costs: 500,000
(signalization, roads)
Total Estimated Infrastructure Requirements: 3,823,000
Infrastructure Requirements
• Potential sources for infrastructure funding
include:
• ISTEA - Federal Comprehensive Transportation
Planning Funds
• US Economic Development Administrative Funds
• Chapter 90 State Highway Funds
• Public Works Economic Development Grants
• Community Economic Development Action Grants
• Tax Increment Finance -Bond Issuance
• Special Legislative Appropriation
The Village at Hospital Hill - Commercial Development Program: Tax &Employment Impacts
The Village at Hospital Hill - Residential Development Program: Tax Revenues & New School Costs
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Development Projected Potential Estimated ? Estimated Low Est. New ;High Est. New
By Type Units Annual TaxSchool Attend Children School Attend Children School Cost to School Cost to t
( All Phases) HH Develop. I Revenues Citywide - 90 Census Worst Case City City
;Single Family- Small Lot 71 $172,608 13 59��$68,857 $306,021
;Sin le I 21,140 Famil ................... Lar e Lot 8 $ i 1
$7,759 $34,4..81 g ......... _._ .................._ ..... ......_................._......... ............. _.......... .._... ......... .._ ...._ .........._.....__._....._..._......._ ...... _- ._ ..............--.......-._.._..__._................. ............................... ......._ _..........................._
....
Single Family- state E Lof 21 T — $79,275 4 17 $20,366 m�- $90,513
FTownhouses 37 $146,938 7 15 35,883 X79,738
_ .... _ ........... _..__..__..........._. .............. ...................... ._ ........ __ ....... _ ... ........:_ ... .._................_...._..............:..._......_..................._...._........................._........._._...__._................................................................................................................._._.._........._..,_.._.... ......__.........._ ........... - .........._......................._..._.............._._............................._...._...._....__.._._.. ............ .......... _..;.....
;Apartments - New I 47 93,428 9 19 $45,582 $101,289
Apartments - Rehab. 23 $51,483 4 10 $22,306 49,567
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3
TOTAL $564,873 39 I 127 200,753 ,
_ $661,609
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