Gray Lakefront Development
Project Overview
Project Overview
Phase1
Tuskegee Smart City Development
Our team proposes to Execute a Developmentplan to establish a 'Smart City (Residential/Commercial/Mixed‐Use) & IndustrialSmart Parks' in Tuskegee, Alabama. This development will promote, build, and help thrive multiple industries, thereby promoting new businesses, supporting local SMEs, creating new jobs, and establishing a whole new ecosystem through these newly developed industries. Our goal is to add value to the cities within the Macon County communities, deliver sustainable goals and social responsibility initiatives, and bring additional investments through 10+ international companies and OEM manufacturers from within TPT Global Tech’s network.
This development will be accomplished through the issuance of municipal bonds, bank financing, new market tax credits and grants. The smart city first phase has an estimated cost of $30M USD. The joint‐partnership will begin development of the 45‐acre site to include site infrastructure and the construction of 100 single‐ family homes. This phase will assist the local economy by not only developing housing but to also contribute to the local building supply industries, creating jobs within the construction industry and boosting the regional economy.
Project Overview
Phase 1 (cont.)
Tuskegee Smart City Development
Phase I (a) infrastructure is the critical component of our residential development and essential for the growth of this new community. The essential infrastructure will consist of the installation of utilities, roads, and walkways. This phase will also make ready for the installation of supporting and specialized infrastructure systems and will consist of Telecom / Broadband, Smart Power Generation & Distribution, EV Charging Stations, Urban Security, Safety, Crime Prevention Equipment and IOT Sensor Instrumentation for utility monitoring.
The housing portion of Phase I (b) development will focus on Work Force Housing with each home constructed around a 1500sf floorplan. This Phase I (b) will utilize 10 acres of the 45‐acre site. These homes will be constructed with Structural Insulated Panel Systems (S.I.P.S.) which will increase the overall R‐Value of each home and will allow for faster assembly of each home. (S.I.P.S.) save a significant amountof construction time because trusses, wall panels and other components are built in climate‐controlled manufacturing plants. When they arrive on the job site, they are ready to be installed. All homes will be equipped with smart technology that allows for homes to sense your presence as you approach a room. Lights will automatically come on and room temperature will also adjust.
Phase I (c) will consist of the construction of a Town Center with store fronts for varies types of businesses. This Phase 1 (c) will utilize 20 acres of the 45‐acre site. Note the (3) planned developments Phases below:
• 45 Acres Residential / Commercial Mix‐Use Development
• 90 Acres Residential/Commercial Mix‐Use Development
• 96 Acres Smart city Industrial ParkDevelopment
Gray Lakefront Development Site
Gray Lakefront Development Site
Gray Lakefront Development Site
Smart HomePlans
04 03 01
02
Residential Plan 1
FEATURES
BEDROOMS: Master Up
GARAGE: Drive Under Garage Front Entry Garage
KITCHEN: Kitchen IslandOpen Floor Plan
LAUNDRY: Laundry On Main Floor Laundry Second Floor
01
Residential Plan 2
FEATURES
BEDROOMS: GARAGE: KITCHEN: LAUNDRY: OUTDOOR ROOMS: Jack and Jill Bathroom Master Up Front Entry Garage Kitchen Island Open Floor Plan Laundry Second Floor Front Porch Rear Porch 3 Bedroom 3 bath 02 S M A R T H O M E P R E S E N T A T I O NT R I F E C T A B U S I N E S S S O L U T I O N S
02
Residential Plan 3
FEATURES
BEDROOMS: Master On MainFloor GARAGE: KITCHEN: LAUNDRY: OUTDOOR: Front Entry Garage Kitchen Island Open Floor Plan Laundry OnMain Floor Front Porch Rear Porch 03 S M A R T H O M E P R E S E N T A T I O NT R I F E C T A B U S I N E S S S O L U T I O N S
03
04 Custom Home
SmartHome Automation
The culture of the world we live in is quickly evolving into a technology centered society. Imagineyour home sensing your presence as you approach a room. Lights automatically come on and adjust to your favorite hue while playing your favorite music play list. Gone are the days of manually mopping and vacuuming floors and much more.
TPT Strategicis working to bring these major enhancements to this project.
Key Executives
Stephen J.ThomasIII
CEO & Chairman of the Board, TPT Global Tech
Stephen Thomas is a visionary and award-winning tech entrepreneur who has spearheaded the development of TPT Global Tech (OTCQB: TPTW) www.tptglobaltech.com into a diverse holding company featuring:
-Telecommunications -Smart City Development -Entertainment -Government Procurement -Software as a Service (SaaS) -Technology Platform as a Service (PaaS) -Cloud-based Unified Communications
Stephen Thomas has worked internationally with extensive experience throughout Latin America where he earned recognition in the international telecom marketplace. He also served as Director of Network Optimization/Validation for World X Exchange Communications, one of the largest privately-held facilities-based telecommunications companies in United States at the time with operations in 27 countries around the globe. In this capacity, he was responsible for cost assurance for expenses in excess of $500 million per year.
Everett Lanier
CEO & President, IST, LLC (a TPT Global Tech Company)
Mr. Everett Lanier is the President and CEO of IST, LLC and has over thirty (30) years of construction and engineering experience. Everett earned a Bachelor of Science Degree in Applied Mathematics and Computer Science from Alabama A&M University. Everett’s experience includes program management, business development, capture management and project engineering. Everett possess a broad knowledge of business operations and program matrix management experience and is an accomplished negotiator and innovative leader who have demonstrated the ability to manage relationships and complex programs to achieve financial success, on time deliveries and customer trust and satisfaction.
Shelton Walker
COO, IST, LLC (a TPT Global Tech Company)
Mr. Shelton Walker serves as the Chief Operating Officer for IST. Shelton earned a Bachelor of Science Degree in Architectural Engineering from Tennessee State University and his experience as a general contractor has given him unique insight into the design‐build process. Shelton has over twenty‐five (25) years of experience with emphasis in project management, value engineering, contract administration, project cost estimation, technical specification, project safety inspection, inspection services, CADD design, project scheduling, land surveying, professional presentations, scheduling, quality control and safety management. Shelton oversees daily operations of the company and the work of our executives (IT, Marketing, Business Development and Finance etc.)
A full list of all executives can be found on the TPT IST websites.
DEVELOPMENT COST PRO-FORMA
Development Costs
NOTE: PLEASE ONLY FILL IN NUMBERS IN BLUE BOXES Please provide additional detail/assumptions here
attach plan if applicable)
1
Pro‐forma Page
Dated: 8/30/2022
Name of Builder: IST, LLC TPT - IST Plan number/name
Offer Submission Date: 8/1/2023 Plan number of Homes (Please attach plan if applicable) 100 Square Footage of Plan (1500 sf per unit) 150,000 sq. ft Lot Size 10.00 ac = 435,600 sf Estimated Days to Complete 24 Months LAND DEVELOPMENT COSTS COST NOTES Lot Acquisition Cost 1,250,000 $ Lot Owned by Partner Lot Development Cost/Site Prep (clearing, grading, etc.) 2,225,000 $ Bid estimate Water/Sewer Impact Fees, Taps, Permits & Plan Review 250,000 $ per City of Nashville & Metro Water & Sewer Infrastucture Costs (Utilities and Streets) 450,000 $ Permit Fees shown above Soft Costs (survey, environmental, design) 750,000 $ 4,925,000 $ total 32.83 $ per sq. ft. BUILDER HARD COSTS COST NOTES Construction for 100 SFH@ 1500 SF 21,000,000 $ 21,000,000 $ total 140.00 $ per sq. ft.
(Please
Lakeside Development (Phase I) Subtotal - Land Development Costs Sub Total - Builder Hard Costs
(Please identify anything major that would affect your
Pro‐
Page 2 BUILDER SOFT COSTS COST NOTES Insurance/Builder's Risk 150,000 $ $1/sf Builder Financing Costs 150,000 $ $1/sf Purchaser Closing Fees - $ $0/sf General Conditions & Overhead 947,774 $ $24.3/sf Property Taxes N/A Contingency/Carrying Costs (up to 10% of total builder hard costs) - $ Seller Closing Fees (possible buyer contribution) 210,000 $ Based on 1% (Estimated Sales Price $300,000) per unit Homeowner Warranty 6,000 $ 1,463,774 $ total 9.76 $ per sq. ft. Base Price 27,388,774.00 $ 4,564,796 $ PROFIT/COMMISSION COST NOTES Builder Profit (up to 5% of total builder hard costs) 1,050,000 $ Realtor Commission (marketing) (up to 5% of base price) 1,050,000 $ 2,100,000 $ total 14.00 $ per sq. ft. Total Construction Cost per home 294,888 $ Price Per Home 29,488,774 $ $295,000.00 per Home 235/sf Market 35,250,000 Total Profits to Developers ($5,761,200.00) 57,612.00 $ Per Home * 100 = $5,761,200.00 Final Sales Price of Home Notes: Factors that
affect cost of home
assumptions
N/A Sub Total - Builder Soft Costs Sub Total - Profit/Commission
Development Costs
forma (cont.)
might
above)
CEO 501 W Broadway Suite 800 San Diego Ca. 92101 Phone +1 619400-4996 Fax +1 858 7465090 www.tptglobaltech.com
Mr. Stephen J. Thomas,III
