Fairmount Heights Community Meeting 1 Listening Session
Sustainability Guides
Economic Drivers
Health + Fitness, Arts
Safety Guidelines, Revenue Ideas
Fairmount Heights Research Grocery and Pharmacies
Large Pharmacy Retailer Large Grocery Retailer
Nor
Western Beef Market
th W ard
CVS Rite Aid
Food Depot iver Passaic R
Rite Aid
Whole Foods Market
West Ward
C-Town Super Market
Shoprite of Newark
South
Ward
Save-a-Lot Save-a-lot Key Foods rd SuperMarket C-Town Wa st
Ea 1000’
0’
2000’
4000’
N
Fairmount Heights Community Center Goals
A Safe Environment
Welcoming to All
• Handicap ramps
Utlizes Resources
• Accessible to all • Allow for integration and interaction of all ages • Family oriented programming • Activities and opportunities for teens and kids
• Good outdoor lighting • Entrance from smaller side streets • Safe entrance for kids
Self Sufficient • Income generating programs support community programs • Local businesses supported by the Center • Generate energy on Site, ie Solar Capture
• Use Retention Pond as asset • Create flexible spaces • Prioritize Program space over Parking
Economic Support • Entrepreneurship support • Connect with the city and union for apprenticeships • Mentorships
Fairmount Heights Community Center Program
Health
Food
Creative Arts
Business Support
Mini Clinic
Commercial Kitchen
Art / Fashion Studio
Office / Workspace
Office for Nurse Practitioner Mental Health and Addiction Support Center
Meditative Quiet Space Green Wall Filter air for asthma issues
Rainwater irrigation Bioswale
Community Meals Kitchen Incubator Healthy Eating
Food Trucks Pop-up Space Farmers Market Space Roof Gardens
Art Classes Rented out for income
Media Center / Computer Lab Photography classes Social Media Classes Podcast Classes
Music Studio Music Classes Rented out for income
Incubator for Entrepreneurs Tech based businesses (Computer repair, coding) Life Coach Counselors for Kids
Conference Rooms Rented out for income
Space for Local Businesses Full Service Restaurant Store/ Local Businesses Virtual Community Portal - Directory of Neighborhood Services
Recreation
Gathering Space
Education
Economic Drivers
Workout Space
Outdoor Amphitheater
Classrooms
Rent out Space
Classes Aerobic Equipment
Basketball Court Basketball League
Pool Water Aerobics
Concerts Dance Recitals
Indoor Gathering space Intergenerational Mentorship
Parenting class Local Handymen Training Creative Writing + Arts Entrepreneurship STEM programs prep hosted by PSE&G Coding Classes Tutoring for kids + Teens Etiquette Classes Classes Taught by students from Colleges and Technical School
Library Books Story Time
Art / Fashion Studio Music Studio Office/ work space Conference Rooms Basketball Court for League Games
Generate Energy on Site Solar Water Capture
Design Principles
1. Consolidate Ownership Around Land
CENTRAL AVENUE
CENTRAL AVENUE S
S
W
W
MA
RK
ET
MA
RK
ST
ET
ST
RETENTION POND
171
171
Lot 10
LITTLETON AVE
RETENTION POND
LITTLETON AVE
S 7TH ST
S 7TH ST
Lot 100
166
PSE&G SWITCHING STATION
166
PSE&G SWITCHING STATION
Design Principles
2. Activate Art Wall Area
Design Principles
3. Harness Land Form
Water Square Benthemplein, Rotterdam NL
Design Principles
4. Extend Pedestrian-Friendly Edge with Active Use
5. Create a Central Space
S
171
EASEMENT
S
PSE&G SWITCHING STATION
166
Design Principles
Design Principles
6. Provide Dispersed, Convenient Parking and Internalised Pedestrian Network
Design Principles
7. Community Center Building with Safe Entrances from Side Streets
Design Principles
8. Extend Community Center Program into Central Space
Design Principles
9. Right Size the Development
Proposed Site Density Fairmount Center 481-484 Central Ave
LOT AREA: FAR: FLOOR AREA:
164,000 sf 0.45 73,800 sf
Successful Local Developments
Shopping Center 204-234 Springfield Ave
LOT AREA: FLOOR AREA: FAR:
507,924 sf 214,416 sf 0.422
Mini Mall
370 W Market Ave LOT AREA: FLOOR AREA: FAR:
40,000 sf 13,000 sf 0.32
Design Principles
10. Ensure Ongoing Viability of the Community Center
4 Million for Community Center Development
Acquire Land
Construction Cost of Community Center
ENDOWED PROGRAM
1
Build Community Center
Entitle Land for Commercial Development
2
REVENUE GENERATING PROGRAM Community Center Yearly Operating Cost
5% x
Endowment
Sell Land
Design Principles
10. Ensure Ongoing Viability of the Community Center
From the PSE&G Settlement $4 Million and 3 Acres
ENDOWED PROGRAM REVENUE GENERATING PROGRAM
With this you can achieve TODAY Programmable Area
75,000 sf
Covered Space
7,000 sf
Indoor Space
6,100 sf
Outdoor Space
61,900 sf
Parking Spaces
97
Fairmount Heights Community Center Budget Driven ENDOWED
Community Center Budget
Driven Working with Budget $4million ENDOWED
Program Driven Working within $4 Million ENDOWED
Total built SF 6,096.00
Total built SF
Working within $4 Million
Total built SF
Program Driven ENDOWED
Working within $10 Million
$
Hard construction cost per SF Hard construction $ cost per SF 180.00
Hard costs
$
Hard costs 1,097,280.00
Hard costs
Soft costs per SF
$
Soft costs per SF 40.00
Soft costs per SF $
Soft costs
$
Soft costs 243,840.00
Soft costs
Total construction cost
$
Total construction 1,341,120.00cost
Funds from the City
$
Funds for Site work
Working within $10 Million
Total built14,431.00 SF
6,096.00
Hard construction cost per SF
Working with $10million 14,431.00
180.00
$
Hard construction 180.00cost per SF
$
180.00
1,097,280.00
$
Hard costs 2,597,580.00
$
2,597,580.00
40.00
$
Soft costs per40.00 SF
$
40.00
243,840.00
$
Soft costs 577,240.00
$
577,240.00
Total construction cost 1,341,120.00 $
$
Total 3,174,820.00 construction cost
$
3,174,820.00
Funds 4,000,000.00 from the City
Funds from the$City + Donations 4,000,000.00
$
Funds from the City + Donations 10,000,000.00
$
10,000,000.00
$
Funds for500,000.00 Site work
For Site work $
500,000.00
$
For Site500,000.00 work
$
500,000.00
Extra Funds fom 4 Million
$
Extra Funds fom 4 Million 2,158,880.00
Extra Funds fom $ 4 Million 2,158,880.00
$
Extra 6,325,180.00 Funds fom 4 Million
$
6,325,180.00
Operating Cost per SF
$
Operating Cost25.00 per SF
Operating Cost$per SF
25.00
$
Operating Cost per SF 25.00
$
25.00
Total Operating Cost
$
Total Operating Cost 152,400.00
Total Operating$ Cost
152,400.00
$
Total Operating Cost 360,775.00
$
360,775.00
$
$
REVENUE GENERATING
REVENUE GENERATING REVENUE GENERATING
REVENUE GENERATING
Total built SF
Total built42,000.00 SF
Total built42,000.00 SF
Total built SF
42,000.00
42,000.00
Retail Lease Price per Year Per SF
$
Retail Lease Price SF Lease Price $ per Year Per SF 17.00 17.00per Year PerRetail
$
Retail Lease 17.00 Price per Year Per SF
$
17.00
Gross Annual Rent
$
Gross Annual Rent 714,000.00
714,000.00
$
Gross Annual Rent 714,000.00
$
714,000.00
Operating costs, including vacancy
$
Operating 249,900.00 costs, including vacancy Operating costs, $ including vacancy 249,900.00
$
Operating 249,900.00 costs, including vacancy
$
249,900.00
Annual NOI
$
Annual NOI 464,100.00
Annual NOI
464,100.00
$
Annual464,100.00 NOI
$
464,100.00
Divide by Cap Rate
$
Divide 6,630,000.00 by Cap Rate
$ Divide by Cap Rate
6,630,000.00
$
Divide6,630,000.00 by Cap Rate
$
6,630,000.00
Construction Cost / SF
$
Construction 120.00 Cost / SF
$ / SF Construction Cost
120.00
$
Construction120.00 Cost / SF
$
120.00
Construction Cost
$
Construction 5,040,000.00 Cost
Construction Cost $
5,040,000.00
$
Construction 5,040,000.00 Cost
$
5,040,000.00
Land Sale Price
$
Land Sale 1,590,000.00 Price
Land Sale Price $
1,590,000.00
$
Land 1,590,000.00 Sale Price
$
1,590,000.00
Land Acquisition Cost (700,000.00)
Land Acquisition Cost
Land Acquisition Cost
Gross Annual Rent $ $
Land Acquisition Cost (700,000.00)
(700,000.00)
(700,000.00)
Net Sale Revenue to ULEC
$
Net Sale890,000.00 Revenue to ULEC
Net Sale Revenue $ to ULEC 890,000.00
$
Net Sale 890,000.00 Revenue to ULEC
$
890,000.00
Net Sale Revenue to ULEC
$
Net Sale890,000.00 Revenue to ULEC
Net Sale Revenue $ to ULEC 890,000.00
$
Net Sale 890,000.00 Revenue to ULEC
$
890,000.00
Extra Funds from 4 Million Budget
$
Extra Funds 2,158,000.00 from 4 Million Budget Extra Funds from $ 4 Million 2,158,000.00 Budget
$
Extra 6,325,180.00 Funds from 4 Million Budget
$
6,325,180.00
Total Funds for Endowment 5% Revenue from Endowment (to pay for Commuity Center Operating Costs
$
$
Total 7,215,180.00 Funds for Endowment
$
7,215,180.00
$
Total Funds 3,048,000.00 for Endowment Total Funds for$ Endowment 3,048,000.00 5% Revenue from Endowment (to pay for Commuity 152,400.00 Center Operating Costs 5% Revenue from $ Endowment 152,400.00
$
5% Revenue 360,759.00 from Endowment
$
360,759.00
Operating Cost / sf / year
$
Operating Cost25.00 / sf / year
25.00
$
Operating Cost 25.00 / sf / year
$
25.00
Square Footage of Community Center
$
Square Footage 6,096.00 of Community Center Square Footage $ of Community 6,096.00 Center
$
Square Footage 14,430.36 of Community Center
$
14,430.36
6,096 sf
Operating Cost$/ sf / year
14,430 sf
Community Center Precedent
TREC - Training Recreation Education Center
Fairmount Heights Community Center Active Edge and Central Space
Central Ave
We st
Ma
rke
t S t.
S 7th St
Littleton Ave
RETENTION POND
166
PSE&G SWITCHING STATION
Fairmount Heights Community Center Buildings Layout to Create Active Edge and Central Space
Central Ave
We st
Ma
rke
t S t.
S 7th St
Littleton Ave
RETENTION POND
166
PSE&G SWITCHING STATION
Fairmount Heights Community Center Safe Entrances from the Side Streets
Central Ave
S 7th St
RETENTION POND
Ma
rke
t S t.
Littleton Ave
We st
Fairmount Heights Community Center Side Entrances and Circulation in the Site
Central Ave
S 7th St
RETENTION POND
Ma
rke
t S t.
Littleton Ave
We st
Fairmount Heights Community Center Distributed Parking
Central Ave
S 7th St
RETENTION POND
Ma
rke
t S t.
Littleton Ave
We st
Fairmount Heights Community Center Utilize Retention Basin as Asset
Central Ave
We st
Ma
rke
t S t.
S 7th St
Amphitheater Basketball Court Playground Climbing Wall
Climbing wall
Littleton Ave
Playground
Fairmount Heights Community Center Revenue Generating Program vs Endowed Program
Central Ave
Revenue Generating Program
We st
Ma
rke
t S t.
S 7th St
Endowed Program Climbing wall
Littleton Ave
Playground
Fairmount Heights Community Center Working with $4 million as starting funds
Fairmount Heights Community Center Working with $10 million as starting funds
Community Center Precedent
TREC - Training Recreation Education Center
COVERED SPACE
1,000 sf
COST
$11 Million
INDOOR SPACE
24,000 sf
CONSTRUCTION COST
$511/ sf
$10/mo. Fitness Membership
OUTDOOR SPACE
4,000 sf
OPERATING COST
?
Rentals
INCOME SOURCES
$10 Registration Fee
But we can't do it without you!
A community center is coming to Fairmount Heights! Please join your fellow residents to discuss a community center that will be in Fairmount Heights. Four important meetings will take place. Join us each week to let us know what you would like to see in a community center!
1/31/19 - 6pm-8pm REFAL Headquarters 271 South 9th Street Newark, NJ 07103
For more information follow us on Facebook @UrbanLeagueEC or contact Darin Sharif: 973-624-9535 x 204