Prime Brush Park Development Opportunity · rush Park neighborhood. The development site is located at 287, 295, and 301 Watson Street and generally bounded by Watson Street, between

7700 Second St., Suite 300 Detroit, MI 48202 | 313-872-1300 | www.summitcommercialllc.com

Prime Brush Park Development Opportunity

Approximately 0.34 AC Available

287, 295, and 301 Watson Street Detroit, Michigan 48201

For additional information, contact:

Bunia Parker (M) 313-282-1630

[email protected]


Table of Contents

I. Property Overview……………………………………..……Page 1—2

II. Bid Information……………………..…………..…………….Page 3—4

III. Property Description……………………………………..…Page 5—6

IV. Parcel Map……………………………………………………....Page 8

V. Aerial View...……………………………………..…..…...…...Page 9

VI. Location Map……...…………………………………...…...…Page 10

VII. Attachments……………….…………………………………...Page 11


1

Property Overview

In partnership with the Detroit Building Authority (DBA), the City of

Detroit’s Housing and Revitalization Department (HRD) and Planning and

Development Department (P&DD) seeks proposals from qualified entities

to design and construct new mixed-income housing in the heart of the

Brush Park neighborhood. The development site is located at 287, 295, and

301 Watson Street and generally bounded by Watson Street, between

Brush and John R. The site is approximately 14,985 square feet, or 0.34

acres. The City of Detroit seeks well-designed proposals for new

development that will build upon the inherent strengths of the site and

integrate the site seamlessly with the surrounding neighborhood.

Background

Brush Park is located just 1/4 mile north of Downtown Detroit's Central

Business District and along the east side of Woodward Avenue, Detroit’s

major regional transportation corridor and business spine. Brush Park’s

Downtown / Midtown location is home to a host of regional institutions

such as Wayne State University and the Detroit Medical Center as well as

downtown major corporate headquarters and stadiums such as General

Motors Corporation, Quicken Loans, Compuware, Comerica Park (Tigers)

and Ford Field (Lions). The Little Caesars Arena (Red Wings / Pistons)

opened in 2017 directly across Woodward Street and just west of Brush

Park. Eastern Market is located directly to the east of the Brush Park, just

across the I-75 expressway. The site at Watson Street Homes has major

freeway access to all parts of southeastern Michigan, and sits a few blocks

east of the Q-Line light rail system. The site is one block away from the

Scott at Brush Park (a new $65 Million, 200 unit, mixed-use development)

and the City Modern (a new $100 Million, 410-unit condo and multifamily

development).

(Continued on Next Page)


2

Property Overview (Cont’d.)

The site lies within a National & Local Brush Park Historic District which has

its roots dating back to the mid 1860's. At one time over 400 historic

buildings were located in Brush Park, which was one of Detroit's premiere

neighborhoods and at the turn of the 19th century was known as the

"Little Paris of the Midwest". The 1960's saw the Brush Park neighborhood

substantially deteriorate, with a high incidence of vacancy, crime, and

abandonment with subsequent demolition. Since the mid 1990's however

the City of Detroit has initiated an aggressive campaign in order to save the

remaining historic properties. $19 Million was invested by the City of

Detroit to complete infrastructure improvements for the entire 117 acres

of Brush Park beginning in 2001. The City has invested over a total of $39

million in Brush Park over the last 13 years inclusive of infrastructure,

demolition, acquisition, and historic rehabilitation.

Desired Development Program

To better convey the vision of the development of this site, the City of

Detroit, through the Brush Park Form Based Code efforts, secured the

services of a planning team to conduct a design exercise in order to

develop a workable concept for the site, provided in Attachment A. This

concept was vetted to a schematic level of design that demonstrates site

capacity, and should be utilized as a guide for site planning. These options

reflect the City of Detroit’s vision for the site and are not intended to

directly prescribe site development.


3

Bid Information

Zoning Requirements

The Watson Street Homes site is currently zoned PD Planned Development;

however the City of Detroit is working with community residents and local

policy-makers to implement a new type of zoning code for this site, known

as Form-Based Code. The Form-Based Code for Brush Park will soon be

formally submitted for review before the City Planning Commission and

City Council. It is anticipated the code will be approved within the latter

half of 2019. As a result, all plans should be designed to be consistent with

the draft form-based code.

The development site is also located within the boundaries of a local

historic district. Therefore, as per the City of Detroit Zoning Code Chapter

25, the selected developer must receive the Historic District Commission’s

approval of the project design and should design the site in adherence to

the Historic District Commission's Elements of Design for the Brush Park

Local Historic District. Respondents will be responsible for conducting their

own due diligence on what additional zoning and permitting approvals, if

any, may be required.

(Note: additional information regarding the Brush Park Form Based Code

and the HDC's Elements of Design can be found in the attachments to this

listing or sent to you upon request)

Key Dates

- Marketing Open: May 31st, 2019

- Bid Submission Deadline: Friday, July 12th by 5:00 PM * * HRD maintains the right to extend the above deadline at its sole discretion



4

Bid Information (Cont’d.)

Response Packets

Please include the following in your bid request:

1. Letter of intent, which includes a narrative of the Respondent’s

approach to the development of the Watson Street Homes site,

including proposed unit mix and size breakdown.

2. Provide a massing of the proposed development, and/or schematic site

plan and rendering.

3. Provide a history and overview of the Respondent’s business/

organization and architecture firm.

4. Include specific terms of site acquisition, a development budget

outlining sources and uses, a ten-year pro-forma / operating budget

analysis which clearly describes key market and financing assumptions

for the project. *Special consideration will be given to submissions that include letters of interest,

intent, commitment, etc. from lenders and financial institutions

5. Include a project completion schedule including start and completion

dates and other key dates as identified for action. Include the

anticipated time schedule to assemble needed financial commitments

types of financing expected, specific public sources or incentives

required and their impact on the financial assumptions, if applicable.

6. Provide a description and dates of other residential development

experience, particularly those similar in size and characteristics,

completed by the Respondent.

Notes: — Submission packages should be no longer than 30 pages. — Please direct all questions to Bunia Parker, Summit Commercial:

[email protected].


5

Property Description

Location: 287, 295, 301 Watson, Detroit, MI 48201 County: Wayne Zoning: PD-H Acreage: Approx. 0.34 acres (14,985 SF) Asking Price: $525,000 ($35 / SF) Property Features: Centrally located in Brush Park Close Proximity to M-10, I-75, and I-94 Close Proximity to numerous retailers (partial list): - Whole Foods - Bakersfield - Rite Aid - Grey Ghost - Starbucks - Empire Kitchen & Cocktails - McDonalds - New Order Coffee Roasters - Second Best Bar Close proximity to several stadiums and institutions: - Ford Field - Comerica Park - Little Caesars Arena - Detroit Central Business District - Wayne State University Campus - Detroit Medical Center (DMC) - Eastern Market - Detroit Institute of Arts - Charles H. Wright Museum - Detroit History Museum - Detroit Library - Detroit Symphony Orchestra - QLine (Light Rail)



6

Property Description (Cont’d)

Close proximity to several stadiums and institutions (Cont’d.): − Michigan State University (Detroit– Campus) − University of Michigan (Detroit– Campus) − Lawrence Tech University (Detroit– Campus)


7

Parcel Map


8

Aerial View

Site Photograph

287, 295, 301 Watson


9

Location Map


10

Attachments

A. Schematic Massing Guide

B. Brush Park Form Based Code

C. Legal Description

D. Purchase Agreement / Development Agreement


11

Attachment A


12

Attachment B


13

Attachment B


14

Attachment B


15

Attachment B


16

Attachment C

LEGAL DESCRIPTION (Note: The Legal Descriptions are contingent on verification by the City of Detroit)

N WATSON W 30 FT OF 4BLK 8 BRUSH SUB L3 P24 PLATS, WCR 1/48 30 X 150 N WATSON E 20 FT OF 4 W 14 FT OF 3BLK 8 BRUSH SUB L3 P24 PLATS, WCR 1/48 34 X 150 N WATSON 3BLK 8 BRUSH SUB L3 P24 PLATS, WCR 1/48 36 X 150 Street Address(es): 287, 295, 301 Watson, Detroit, MI 48201 Property Tax Parcel Number(s): 01000767., 01000768., 01000769.

Documents

Prime Brush Park Development Opportunity · rush Park neighborhood. The development site is located at 287, 295, and 301 Watson Street and generally bounded by Watson Street, between