e e e for for for for for for for for good all right good evening whoa that is loud we'll go ahead and uh get started um council member Nettles will be joining us he had another engagement so he will be here shortly so we'll car out some time uh for him to make some comments to the group uh so again I'm I'm really glad to see so many uh familiar faces here tonight we've we've spent a long time with all of you all working through this process uh I want to thank the historics outside uh neighbor associ assciation Miss Sherry like everyone that's been involved in just this this ongoing coordination uh and the work with the world Capital team so uh I'm going to start off kick off tonight and just walk you through uh a little history of the project you all have seen these slides probably 10 15 times already so I'm not going to spend a lot of time with it uh but just got to get those you haven't seen them get you up to speed on uh how we've gotten to this point uh and then I'll turn it over to the world Capital team and they'll begin to walk through uh the site plans again Robert Sterns economic development director for those who did not know who I standing up here talking all right so again we walk through the agenda again we'll have council member knows later uh we'll go through this recap uh then we'll get uh talk about the community feedback we've received uh we'll reveal the plans and then we'll talk about next steps and have some time for Q&A uh after uh after the presentation tonight so uh let's talk about how we got here um we initiated this RFI request for expressions of Interest um we had a neighborhood meeting back in February 7th uh issued the RFI March 5th uh and again we really were focusing on emphasizing this partnership with an experienced mixed use developer uh that would have respect for the history of the neighborhood and that's been really key for us uh is ensuring that we're not bringing something in here that's not going to honor the contributions uh that the neighborhood has has provided to the city for for for decades uh those responses were due in April uh we had 11 firms that responded uh and then the selection committee uh reviewed those and we ended up selecting the Royal Capital group uh back in August of this year and so again uh Kevin's team have just been those you have asked me about it and what our working relationship has been it's been a a breath of fresh air their their depth of Engagement the questions they've asked uh they're on time they're on point they know what they're talking about and so it has really been uh an honor for me to work with them these past few uh few months and and really have to you know thank Martha Collins for her work that she's been doing she's been more of the day-to-day interaction with the team uh but they have been really uh really enjoyable to work with and again they have a depth of experience in developing and financing these complex uh Urban mix developments uh you know best-in-class and minority participation and they'll talk a little bit about some of their uh business Equity um processes that they'll be undergoing on the on the project uh and again just the partnership that they've had uh not only some of the architectural and engineering firms uh that have worked on this process previously but just their engagement is really helping us I think move things forward a lot faster than than we really anticipated uh so since August uh we've had uh several things set up to make sure that the community is aware again we talked about the importance of community engagement uh so there is a website Evanson rosedale.md so you can find information project status updates uh we're we're utilizing all of our technology our social media text that subscribe we've got our yard signs and again collaboration with the historics outside neighborhood association uh We've also had a number of community engagement meetings which again you all have been attending uh we had the block party back on September 25th and I I got thank smokaholics for just the the food every time we come out here the food is is awesome uh we have the community visioning session and shet on October 23rd uh and then tonight uh we're going to reveal the plans uh and talk about the next steps uh and in the meantime the the development team has been meeting with a lot of the local stakeholders and organizations so again they have been really truly engaged in moving this process forward uh so just talk briefly about the engagement recap and I said we kind of laid out the dates you've seen uh these are just some of the pictures from uh those events some of the press that we've been receiving uh about the project again there's a lot of interest in this project you all know we've been at this for 20 plus years uh neighborhood association's been at it for longer than that trying to get some investment Happening Here in uh Evans and rosale so everyone wants to make sure that this project happen and and it's a u reliable and and actual project that will move forward uh just to talk about some of the the input that we received from the surveys and again this was from uh uh the public engagement Workshop uh back in 2019 it really hasn't changed a whole lot but you can see um looking at the desired businesses and activities again the grocery store we we that's been consistent throughout uh uh the many years of this project has been planned uh to talk about kind of local businesses cafes health and wellness sit down restaurants uh entertainment options Barber Beauty Supplies Etc oh thank you Terrell I'm going to turn that over to you I'm just I'm just talking I I was so excited I just I was just going to run through it so let me let me turn it over to you and you can talk about that you got my notes no no you're all good and and no I'm glad I'm glad you covered that Robert because um so just so yall know Terell Walter development director with royal Capital One of the things that we find very refreshing so for us a best practice uh when we're taking on a new development is to engage Community um you know we don't want to develop for Community we want to develop alongside and with Community um that's why you know we consider ourselves Urban developers bringing Mission align development into spaces the way we do that is to understand what the desires are of the neighborhood be very transparent in terms of what we can do what we can do and find out where we meet in the middle one of the things where happy to find just over time so we start by synthesizing or reviewing doing research on previous engagement efforts which Robert uh covered here um so we we are fortunate to be a benefactor of some of the studies that you all have uh committed to and participated in since early 2000 which includes community visioning plan all the way through to 2024 city has done a great job of documenting that data we synthesized it and boiled it down here um a lot of what you see here really Fram what the what the community has said through this engagement session in 2019 of the Desir businesses and activities uh just high level overview uh that included at that time grocery store Cafe housing entertainment restaurants health and wellness Barber Beauty those were the categories um in addition to that design considerations uh was a another area or bucket that that you all as individuals in the community voted on in terms of what's important uh that includes art that includes landscape uh public seating and you know areas and opportunities for play as well as a significant um focus on lighting so we wanted to document that here um in order of importance um and this really informed the buckets that we came to community with um after our first engagement session in in October when we came to community and we identified these buckets to say hey let's dig a little deeper and uh find out some specifics about what community would like and we had you know more than 150 individuals show up so we're again appreciative of the participation because that's how we get true feedback Which shapes the development that happens in your community so what we learned in October at the community visioning session um based off participation again more than 150 individuals showed up stopped by all the different booths and gave very candid and transparent feedback along with asking us some tough questions which all of that's okay um but what we heard was was the desires still remain pretty consistent the community desires retail housing a significant focus on site programming naming opportunities uh in terms of keeping with the historic nature and history um of the historic Southside and entertainment and Gathering um are all major focuses just highlighting some of the buckets these are all in order in terms of the the frequency in which we heard these items so top five in in all categories from a retail standpoint grocery store or Market was still you know one and two uh being in that in that space dining and restaurants gym fitness and coffee shop we feel that this is still very consistent with uh what what the community and and has has vocalized uh back in 2019 through current times including housing uh we you know heard a lot about housing in terms of affordability Reclamation in in the community making sure that you know there's a uh focus on making sure that the people that live there and or desire to live there can have a have a place and aren't priced out um in addition to that no tall buildings being mindful of the scale of the community no high rises Etc um being aesthetically pleasing uh you know nothing cheap so for lack of better terms right coming into the space um or that looks cheap I'll say um adequate parking Green Space and then site programming uh some of those items include uh area or space to play for kids that's consistent Office Space space Gardens food trucks outdoor event space very consistent with what's been heard over time new category but something that we heard from a lot of our targeted engagement was around naming and keeping with the history of the community um I don't think that you know any of this is you know surprising to many of you in the community uh but you know historic Southside leaders carrying on uh the Legacy and honoring those that came uh into the community and um you know making sure that they're not forgotten and they're part of this development um and then people got very specific to say hey we have major contributors um you know Shirley and Johnny Lewis for example um make sure that you know there's opportunities there with opal Lee and other um so here's what we heard today these these items these buckets are what we go back to the drawing board as a team with our design team say okay how does this invol how does this inform the physical real estate the overall design aspects and we work very intentionally to create what you'll see today in terms of DM Bell I get to do the fun part I think which is uh share we is share with you all the next steps and the vision and so forth uh I do want to take this time though to kind of acknowledge um the teamwork the collaboration and so forth that world Capital we always try to rest ourselves on the fact that collaboration is new innovation I think that um with the work that you guys are going to see that we've done today understand that this is u in a vision of you all um you all have contributed to this effort um the City Community World Capital another um this is something you all should own hopefully it resembles what you all had in mind or it goes above and beyond um with that we going do a drum roll how you want to do it t get some love going get some love going get some love going but um we want to give you all a present um give you back what you gave us and then hopefully open up some feedback and you let us know we're heading in the right direction see it was supposed to be some music so I'm g go just elevator music right but I'll I'll narrow it a little bit our team is working over there hard right now but in in general what you're seeing right now um sits on the footprint um just adjacent here um the new EV and rosale um as you'll see we have been very intentional about um leveraging some of the Aesthetics in the neighborhood as it day um colorway um Pitch roofs um architectural style and other um you'll see that it's a very walkable Community uh with sidewalks um being pedestrian friendly Green Space and other um as you kind of continue to navigate you'll see there's opportun for children play adult play and other as well um at the front end of what you what you saw what you're seeing now um is some of the retail opportunities um so we're really thinking about sit down restaurants health and wellness um opportunities for um social activity we got a um a golf course I mean U golf simulator program that we're doing here a lot of indoor outdoor space as well so there'll be opportun for food courts I mean uh food U food trucks and other um a lot of the space is very flexible this is the evening drawing of the of the overall space you'll see to the east close to the freeway um in respect to the the the nod about the height of the buildings you'll notice that we uh we segregated the buildings to the uh west side of the site so from a pedestrian side it's close to the freeway a lot of Separation there from a norise barrier standpoint as well as a a massing standpoint in the neighborhood um that was the whole entire video I wish we had sounded probably would came off a little better but give me some Round of Applause if we're going in the right direction um we'll now go into some steel slides to kind of um better orientate everybody about what we just saw and had break down some steals as well um you'll see here I probably do need that little clicker huh the little pointer um what you'll see here um this is Evans this is Missouri this is the 35 and then's Terell up there I ain't doing the best job but y'all see me trying so what you'll see here um coming from the the South going north um we really wanted to make sure that we had that main drag be um compensated with retail um so all of these I can't even read them right now so so I can't probably U call them all off but these are all retail opportunities right here so right here we're planning for a coffee shop that'll Flex into a business center so think about an opportunity as we kind of discuss in some of the overall programming um sessions where we can have place for Wi-Fi internet um coffee book study small median rooms large median rooms and so forth for um businesses and other um then we have I can't see all of it right now but this is the open Plaza right here um it's going to be very flexible space as well um so it allows us to kind of play off of the parking lot here for food trucks and others so we can program this for food trucks we can program this for vendors and other as well this is what we're call in a public market so it's a space that's dedicated for um um convenience Mark but also an opportunity for us to have Commerce with small business and so forth be to come in there and let's say on a Saturday we got 15 different vendors in there looking to service um the community Through Commerce um so the the objective here is to have as many flexible opportunities as we can and to bringing the community together as often as we can um here this side when you saw those pitch roof buildings I know these schematics really don't show that very well here but these are all the town homes these are Town Homes these are Town Homes these are Town Homes what makes these units right here unique and I'll come back to a slide um I'll come back to a slide that kind of showcases it I'm sorry oh it's a back button did I get up out of there I'm sorry now y'all got me nervous about pushing buttons oh there we go I'm going come back a bit um so that's where the live work units are located folks and I'm going try to take my time so we can uh be efficient as possible um with the time that we do have so there we have that that um and here we have um Town Homes as well um here is where we talked about the larger buildings so these are buildings that are going to be programmed this building here is going to be programmed for what we call Reclamation um so this is going to be what we call 55 and wiser housing this is going to be for the folks that U we're going to Market particularly the folks that used to live here at some point in time our objective is to reclaim some of that history that folks can have an affordable place to come back to the community and be able to reclaim this neighborhood and reclaim their home I did it again okay um so that's what our that's what our goals are there uh overall I think the team kind of they may not we didn't go through but overall it's 184 units we were very sensitive the overall idea that too much density can be a problem the mix of commercial and residential is going to be a unique balance we had to play with so here we targeted both um town home um and senior housing is an opportunity for us to you know bring together Community here and I'm going walk y'all through I'm let I'm let some these slides run back through again just on the rendering side U without much Interruption and then at the end we can always come back to this as well you see the sign is just left blank that's going to be part of our next steps that Brian and Robert are going to talk about in terms of what's next but they I'll let them get to that so I'm going to quickly just go through through these if you focus on mind this is still Evans and you'll see the tall buildings to the rear towards the freeway not very visible from Evans Street you know not overpowering the Ming is is naturally um um associated with the overall planning this is a nighttime rendering and you'll see that we Tred to carry some of the um his hisorical red brick um to the neighborhood uh and play off of it with natural um um elements as well along with a a modern design kind of playing homage to the historic Southside symbol of looking ahead but also say paying respect to the to the past and I think we're ready for next steps unless you got immediate questions right now but I think we're going to try to table over to the end is that right we'll we'll table the question to the end and we'll come back up is that okay folks okay good good evening everyone uh appreciate all of you showing up showing out for us um you know the warm welcome we received is Fort Worth I mean it's probably next to none in a lot of the projects we've done nationally so kudos to all of you you're appreciated uh my name is Brian May I'm senior manager overseeing the finance of capital markets division within the firm um I just want to talk through quickly you know what are the next steps looks like as we continue to move into 2025 um so I'll touch on the first few bullets and then I'll hand over to Robert to talk through kind of what the project looks like in terms of advancement from a city Side so again I want to stress um you know this the foundation of this project really is collaboration and the warm welcome we received through the events that we've had up to this date I mean we're just getting started so we want to be able to carry that momentum forward in 2025 uh make sure that our events are both informative um educational in fting and we want to make sure that we're creating an open dialogue for all of you right it's a shared Vision we want to make sure that every voice is heard especially as we're going to continue down the path of finalizing architectural plans and at the end of the day getting some shovels in the dirt um so what it looks like you know as we continue our strategy um we'll host event summ to this and what we've done shetes visioning sessions making sure that we're engaged with community and having a consistent presence here um one thing that we are excited to kick off at the top of the new year is what we like to call our developer office hour Series so essentially we're going to open um scheduled hours to for our team um to set time to meet with us to basically share feedback ask questions and again make sure that this is going to be a shared Vision along the way that we're doing our best to make sure all of this is included in the general plan set um and then moving forward and I'll touch in more detail about how we're going to look to you know further strategy on engagement for business Equity firms as well as small businesses local businesses um but just know we're going to have very very intentional sessions and make sure that we're over communicating with you all um as we're moving the process along so the predevelopment process um high level what it looks like from our side uh development's hard work um and it does take time so bear with us um it's been great working with Robert and his team to make sure that you know we are being as extremely efficient as possible and trying to make this an expedited process uh but next steps for us obviously you saw the site plans you saw the renderings but this is going to be a working vision um so we're looking at it really in two buckets the first is going to be more on the civil engineering side where we're looking at site infrastructure how we're putting together storm water detention power lines things of that nature which goes through their own permitting process and approval process and then as we look to you know gather feedback work with the city work with you all as we refine refine the plans um on the architectural side again we have to go through the historic Southside neighborhood association um the for district as well as the Urban Design commission to make sure that all the plans are aligned with code um up to Brand standards and that it's really matching what this community deserves to see um as a new development project um so that's typically about eight to 8 to 14 month process um I promise you we're going to do our best to beat that but I'm really just looking to set expectations right now um as we continue to move forward um and being able to touch on what next steps look for us I know it's going to be a very hot to topic on how we look to engage business Equity firms and local businesses um within Royal Capital as an organization you know it is a standard practice that we have self-imposed measures to utilize local businesses business Equity firms um and sbes within all of our projects it is Paramount for us that our job site is a representation on the communities that they serve and it's our full intention to keep the same for this project um so on we're going to be very very present on The Upfront Outreach so it's going to be working with local organizations local Chamber of Commerce making sure we're doing a wide and comprehensive search to make sure that we're you know the no Stones go Unturned on who can look to act actively participate and bid on this deal um and to make sure that we're send you know we have our own checks and balances right so we're not just all talk you know as we continue to make sure that everyone has the ability to participate whether that's through construction um you know local vendors Etc you know within our contracts through the development process you know we have our own measures of success to track to ensure that we are meeting these goals and we're not just talking the talk on the front end per se so we will definitely have more of a formal kickoff um to be able to talk through early 2025 once that what that looks like especially as we finalize architectural plans but just know um it's going to be an extremely intentional session and you know we really want to make sure that this job site embodies what the historic Southside really is so with that I will yield to Robert to and talk about next steps on the city side but uh appreciate you all looking forward to talking more about this project thank you Brian so as Brian talked about I mean these are the steps that we're trying to go through this is where the fun starts or or the really hard work starts uh so getting the designs and the and the site Concepts that that's great work that's great progress but this is where we're really going to have to you know kind of buckle down and start trying to pull all this together and we're still as you say we're very very kumay we're still on the same page I want to have that mode continue when we get into negotiations uh but really there's a lot of processes that have to occur so again you know we need to have some continued communication about the park design and what that's going to look like how that fits into the overall project uh going to kick those discussions up again in early 2025 the deal refinement and negotiations that's really been in process so so what I really appreciated about the team is while they've been working on this site plan they've already began looking at the financing and some of the numbers and how this is going to play out and so we've got a good line of sight on the development costs that they're looking at for the overall project we know where some of the gaps are Financial gaps are uh and so that that allows us to really get a head start on determining how we can fund this project moving forward so you still know we have the Tiff commitment from from Mike Brennan and Tiff 4 is still in place uh we still have $4.5 million in funding that was previously arpa dollars uh we reallocated the arpa funding and replaced those with general fund dollars so those funds are still there and then we'll be looking at our other you know typical agreements that we have chapter 380s tax payments things like that so we're going to kind of throw our whole arsenal of tools at this project to make sure that we can uh Finance this in a way uh that makes the division become a reality so that that process is going to take some time uh we're hopefully we can get through the term sheet negotiations okay I we can get through the term sheet negotiations q1 of 2025 uh and then we'll go into approvals and there's number of approvals that need to be done so first there is one the the council approval of the overall structure of the deal and those negotiated incentives that we talked about uh the land as you all know is owned by multiple parties so the Fort Worth local Development Corporation the Housing Finance Corporation and the city each owns Parcels within the uh concept plan so we'll have to have nego not negotiations we already got that lined up but just we'll have to go through that process of conveying those Parcels to the developer uh and then will have to go to the Tiff District again Mike has those commitments he's laid it out but the Tiff board will have to come back and do formal action to support the project so again a number of steps that will have to occur over the next few months to kind of line everything up um and once we get through that uh then we get the lawyers involved and we start actually papering this thing up and getting through the development agreement so that's we're going to try to run that as concurrently as we can while obviously they're going through the predevelopment process we're going to continue to work on our side to just kind of firm up the the overall deal structure uh with with a goal that we get through all this in 2025 uh what you will not see up there is a breaking ground date I I I don't want to put that out there as of yet uh the team is really working hard on this and again I think some of the timelines we've laid out have provided us a little bit of cushion but we'd rather we'd rather kind of give that cushion and and overperform as opposed to being in our prior situation where we put some Hard dates out there early and then we had to push it out 6 months push it out 6 months so let's just kind of be realistic where we're at and this is kind of talking about the transparency that the team has been talking about with the community let's be up front if it's if it's going to take us a full year to get through this let's say that up front so the community expectations are clear we know where we're coming from if it's going to take us 18 months to get through it while we get through this process then let's be clear about that uh you all have waited and I I still remember the meeting that we had with our uh prior GC that was engaged in this project uh and our business Equity meeting uh and and this community said we've waited 25 years for this we can wait 25 more years if it's not done right so I understand that that's where you all are at and so we don't we're not we're not unaware that this has been taking a long time but we want to make sure that we do it right and we want to take the time to do it right and at the end of the day make sure we have a product that you all are proud of that we're proud of and that the world Capital team is proud of so we're going to take our time with this and make sure we get it done but at the end of the day we hope to see some beautiful buildings coming up here fairly soon uh so that's that's kind of where we sit with the overall process what to expect from us over the next year uh as I said the team is going to be very communicative about where we're at in the process of what's going on but we want to kind of level set with you all so you understand what this is going to look like as we move forward Uh Kevin you want to talk about the uh just continued ongoing engagement with the QR code okay I think what we'll do is uh we can go to the questions now I think this is uh I think Robert's going to stay up here too um and we're going to into the question the Q&A portion of it um so folks can give us some feedback I'm going to go back to the video uh and let the video play out was I supposed to push this button oh how do I play the video again one more time one oh you guys got it and we'll just let that play in the background and know let folks uh have questions for us and just a quick FYI after we do Q&A we're going to have the rendering setup in the back and so that's where we can kind of collect you know if you have comments or kind of more intentional thought um we want to collect those um so that we really make sure that that's captured um as we head into next round of this so um this is really meant um time meant for questions um and then please engage with us kind of more in the deeper um feedback at the r Rings thanks so much questions we're going to capture you online because we actually are live streaming this um so we we we'll hold the I'm sorry what about a grocery store I didn't see anywhere for space for a grocery store or Market yeah so the market that we talked about the flexible Market that's what we want to work with the community on um to see how we can best deliver that um so we basically have carve out the retail space for it um and it kind of Feeds out into some indoor outdoor opportunities as well they make it a seasonal opportunity um so that's where we that's next that's the next steps is part of our overall engagement is to get that Community input um we have some tools in our tool chest to be able to get it done working with the city um so that's going to be a major priority for us I like the Wisconsin Shirt By the way uh so the flex space for um Market sounds great and very cool but like I need to go buy milk and I don't like so is there even if it's small like Trader josi Aldi like even the bodega that's on North South or yeah South Main like it's crazy expensive like it doesn't fit our neighborhood needs so is there some way that we could continue to talk about that like yeah I think the best I like the idea like it is cool seasonal and whatever but like I don't know no Farmers like so in all of the community event like I go to a lot of them and they're wonderful but they are selling bracelets and t-shirts and things like that like there's not a lot of food yeah I think the objective where so we got to we going to work alongside the community on that our our effort here was to make sure that we've identified the appropriate real estate space um one of the major ideas that we have right now is that last mile um ultimate convenience so that's basically working to ensure that we have um continuous um um products let's call it asso with essential products so the milk the eggs um you know some of your daily needs sugar and so forth um so it's more as like a bodega convenience smart and so forth um yeah so yeah so that's that's G to be part of the next year so we've identified the retail space for it um how it looks how it shows up how is it managed how is it deployed uh what products and services are involved um that's the next steps and part of the the uh the overall engagement for us so we're excited we they got some tools to kind of help get get us there um but you'll see us have for instance in 2025 hey this this is a session that's going to be dedicated solely for the market and then we're going to probably have two or three sessions centered around that how to best deploy it and then you'll see has come back with a design iteration to kind of say hey Community this is what we heard this how we saw for it we do have some questions online too oh go ahead I'll follow Mike do you mind if I kind of share a little bit about our conversation we just had yesterday about grocery stores yes so I'm not trying to put a damper on on the grocery store conversation because I I agree with you we do need something out here but but Mike and I were doing a tour yesterday uh on the near South Side other side of the freeway we're doing looking at some of the medical uh facilities that we have in the district uh and and somehow the conversation kind of got around with the with this people on the bus about grocery stores and how why are we having troubles getting grocery stores over here again on the other side of the freeway uh and Mike talked about you know he's had conversations with some of the some of the grocery stores that you talked about and just can't get that traction going to get some of those stores interested in the area and this is on the other side of the freeway so you know as we think about the grocery store concept you know I'm almost starting to think you know how can we think about that a little bit more globally so is if it's not situated directly here within the project site are there other areas really close by that we can get something and and maybe that's you know further up Evans maybe it's on the other side of but if but if we can think about that in a way that while it may not necessarily be seing on the site but it's in the neighborhood and it's accessible and walkable I think that's what we're going to try to continue to do but at the end I'm not not giving up on the concept of it I'm just saying it's it's pretty much of a challenge right now yeah Johnny I understand what you're saying about grocery stores because for 40 years that's one of the things we've been talking about and for those of us who've lived here and have to go up to places where they really don't want us um but I would like to see conversations while doing this ongoing process that we have conversations like this that we we're we're centered on uh the type of grocery stores the type of markets that we would like to see the concept of uh the mark this the popup markets is good but like the lady says you can't go to a pop-up market and get a gallon of milk and get cereal and get fresh vegetables and when you got children but we'd like to see that so maybe the com maybe more um conversations maybe smaller that we can have okay we're going to talk about nothing but how do we get a grocery store what does it take and who are we approaching and we could have and that would be the central topic nothing else but just the that topic yeah sounds good okay we got one question here online one more thing on a grocer because I know it's a big thing for everybody in the community that's exactly what're what we're aiming to do is to have a permanent fixture associated with the grocer we talked about the the milk the eggs all things you guys have already told us basically but then we also want to have an extension of that we talk about the indoor outdoor space we're going to also have space that's temporary that can complement the day the day-to-day so you may have a day-to-day consistent but then we also want a car Val space for local entrepreneurs to also participate in Commerce so they may be a 75 25 split where we got 75% of the space dedicated solely to the permanent fixture but then 25% we want to make sure that it allows for some other folks to kind of participate in the Commerce so why you having some conversations with people like in this room so they understand why this is this way and and and as we begin to move forward and not thinking that I didn't have anything to say about it that's what I would like to see yeah and I think that um Mr Lewis is right first of all but but also I think that um we're going to be as very int about what products are actually in there right so we're going to that's going to be again an ongoing dialogue that by the time this thing is up and running in two years right it's going to be 12 months more of Engagement 12 months construction when them doors open up it's going to be products that you all identified as things that you guys want to buy because we don't want to build something that you all don't want to buy right you all are the customers um so we'll be very intentional about that so don't want to overt talk the grocer piece but I just I know it's a very important topic for for the community okay we have a two-part question question that was submitted via live stream uh you mentioned Town Homes I missed where they would be in the renderings what is going to be the approximate price range of the town homes or are they for purchase or all rental multif family so the town homes are what we're going to we call stack flats and what that allows us to do so those will be the most of the buildings that you guys [Music] saw so these are these are uh one of the design with the flat roofs we talked about the mixed use I mean the the flexible live work units and you'll see here all of the buildings that are two stories are all the stack flat Town Homes um they're all rent to under this program here the objective here with the stack Flats is basically that you convert a town home that usually have two stories um you essentially have a town home that's one story then this primary entry is off the ground level and you have all your living space on one floor this is good for agent in place um as well as for open plan Concepts which is our major driver inside of overall efficiencies right now um the price point we're working on it right now I can tell you and can commit to you that um the city and World Capital are committed to driving a a mixed income strategy here that gets to a very Diversified mix of people um in price points and so forth um and we're going to be exceptionally um intentional about leaning into the affordability associated with the 55 and wirer Community um and kind of spread it out throughout the development so um inclusivity is going to be one of our major drivers and that's the next part of our overall um um work that we're going to be doing collectively a question if just if yall really kind of oriented for how how the site plan is laid out so this green space that you see uh down here essentially that's kind of the northern edge of the plaza you know so really what we're talking about is from the plaza heading north uh here Evans Avenue then heading over to the freeway so that's kind of the basic orientation of what you're looking at uh in this picture right here freeway be on the other side closer to the the taller buildings here hold it's down here it's off screen yeah thank you Plaza this is the plaza and if I was to go a little bit further off the screen the library be here um again this is uh this is Evans so again Plaza Library Evans freeway is over there so we're standing about right about here this is where we're at this is where we're at today does it make sense now ter yeah T's up T's up to the north I know y'all don't see this this ain't y day-to-day job so I get it so this is this is where we're at this is where we're at right now though um this department building this is this is Evans yeah Haz Harvey's up there in the north yeah yep yeah I don't know I don't know I don't know if this site plan helps or not we can show the site plan again uh does that help a little bit so the freeway is here um Jack In The Box and the gas station is here the plaza is here the library is here and we are right here does that make sense T's up up North this is Evans obviously rosale does that make sense now no okay we're uh the person who submitted the last question they did say of the speaker I missed it what is the price point or range for the town homes I think we're still ironing it out right now um but they will be mixed income um in total I I guess they'll they'll be at market rate um in some case but they'll also have some opportunities for some reduced rate units I don't want to overly commit to that right now in terms of numbers but I can tell you that that's a major Force inside of our discussions and we're um we're actively working on it um but I don't think you all will be disappointed I'll say that had a two-part question um the phasing of it you know we see the big buildings I guess near the freeway so is at first and the smaller second how what's the phasing and the other question is it doesn't look like there's a garage anymore so is there or isn't there yeah so it's two-part um what we went with here again as part of our overall engagement strategy um was we learned a lot about the community from the RFI process um after the RFI process um we learned about the um the unhoused population um you know the challenges they um sometimes present to the community um and how do we effectively um build um Community um with all the challenges we naturally do have um so we what we what we're doing here is what we call a four corner development which basically means that we're trying to cover all four corners of the development in one phase in short what that means all of this development happens in one phase yeah so that way we not setting ourselves up to potentially U build a quality development that is going to be immediately adjacent to something that can be detrimental or or challenge that we can't overcome while we sit and wait for a phase two so um that was all part of the overall design plans um what you also notice is that we broke up the parking um in the very intentional manner all of the Town Homes you can't see it here but they all have um tuck garages so all the town homes have private garages here so we were very intentional about how do we design this and so if you were um living here you would be coming off of terot and you're pulling your private garage into your unit the purple buildings which are three and four story buildings these are sitting on what they call podiums which are parking structures um that primarily serve the residents in that building and then we leaned heavy into service parking which we know is a value add to overall retail um along with overall Community um but we wanted to also tuck away where we could um from line line of sight the overall service parking so even the service parking here you can't see it from the street um because it is pretty much hidden by town homes and you can't see these here because again they're hiden by Town Homes this is the primary parking lot that Services some of the retail but then you probably will have challenges seeing it there as well because we're going to have um intentional um Green Space I mean Greenery um kind of you know hiding it and we're looking at additional parking here um not this corner lot but around this corner lot um there will be additional service parking that be welld designed and hidden from a green space standpoint um the objective really was to you know living our times that we are in right now with vehicular Mobility but also do it in the way that it looks very Walker friendly and so you'll see that throughout our design you know sidewalks and so forth that interconnect throughout the development so you can have a nice brisk walk um while still standing on campus my question is uh on the mixed use um uh buildings that you had like where you can live like a like Loft I guess in the bottom part would be like where you could do hair or something like that are those going to be zoned already or is it going to have to be go under approval through the neighborhood association and then go to the council or they're going to be already preet for zoning that way they if they move in they can start um s of pop up or something like that business yeah now I think the the zoning is fine we wouldn't have to go through a rezoning process to allow that use yeah good question we probably wanted some kind of like uh you probably want some kind of uniformity though and some kind of partnership with the neighborhood association and the neighbors and so forth so that we are having some kind of a um collaboration around that um so obviously there's going to be limitations what collaboration looks like but um we're going to probably create a list of things that are allowable uses that all in line with the community wants to see from a broader standpoint and not doing something that's going to be detrimental to overall development but overall I think we can work that piece out over the next 12 months so speaking of sidewalks and all connecting are we keeping the ones that are on Evans with the it's me uh with the parking spots on Evans are we keeping all of that I was going to tell them yeah you just tell them uh it's it's unchanged um and we're going to what we're going to do is put this all on the website so you guys can watch the video and better HD than we got here today um as well as you can kind of study a little bit better because again you all are our partners so feel free to you know use the website and other forms of communication to communicate with us but I'm going try to run through here again but you see this um the street angle Park as they call it now um that's that's intact and I'll try to see we got another angle of it but this is the ground level of it that abuts the the retail so all of the from a retail standpoint the angle parking is actually a value ad um to try to think about somebody trying to parallel park in the middle of daytime trying to get to the retail in and out I mean that it's a deterrent in some cases so maintaining that was important for us along with the adjacent um service parking lots okay I have a qu question okay I I know you said retail was there you said a restaurant yeah I didn't and also as far as the restaurant go I know that in last meetings because of the churches and the radius um the alcohol or prior zoning restriction doesn't allow alcohol and my my thing is with the businesses it seem like everything is shut down like after dark so it seemed like it'll be a ghost ghost town so I didn't know if the mix if you could elaborate more on the type of restaurant and the business mixes to cuz um it need to be income Revenue generating so it can be sustainable like across the freeway yeah you know it's open till 2 o00 over there and I'm just and I know this is the first phase but if you can elaborate on that I appreciate it I'll take the first half and I'm G lean on Robert and Martha to take the second half related to particular zonan liquor licenses I'm with you though hopefully they can stay up at 2 o'cl um so this is this endcap here is designed as a restaurant right to um a restaurant um so it's it's two things I I want to say here and I may end up with a third one um we didn't come here to let you all know the work was done and when I say the work is is always say it's going to be collaborative meaning that yall going to have to stay with us you going have to continue to show up provide feedback understand this is just this isn't even like the 50 yard line we got a long way to go what we're looking for right now is placeholders meaning that hey I want to get the general feedback that this footprint works so I can move forward with permitting zoning but when it comes down to particular uses and so forth I'm with you we're on the same page um it's a responsibility of all of ours so we're going to do an RFP that's going to be Community Driven about who should be the end user for this particular Restaurant Group uh I might have my favorites you might have your favorites and so forth but it's going to be a process that's going to include you all having to do some work with us um and then with that we'll make a decision the city will elaborate on there the zoning discussion item there but then it becomes our restaurant collectively that we have to support so the work um again is just now started yeah youve got us about a what 300 foot restriction between you know not able to put uh bar or restaurant next to a next to a church facility so again it's really looking at you know by having this place further headed north you get you got I think you got enough distance there where you can kind of get past that Yeah we actually have exemption um with the Southside code there so that we can have um any I think it's 51% or whatever has to still be food or other use but you can still have alcohol Sals so you can have restaurants with that yeah I have always liked the fact that like uh Plano Carolton North Dallas their homes are where you can drive to the alleyway and pull into your driveway and park you never have to do that in the front I thought that was a good idea and do I understand that to be part of the development for the properties that were at this the top end that you would access your driveway from an alley like uh entryway off Terell yes okay for consideration even though I love the idea and I think that you should uh continue working on it um there was a news report yesterday where a car at this far in was moving along as kids ran out of their garage one kid was hit popped up dropped down but I guess because it was a kid and he was running he walked away but what happens if they don't walk away my uh comment here is to consider doing something about slowing that traffic back there yeah that's a good point I think I think what we what we call that is uh Street Comming um and so um I'm going to ensure that our our design team um takes that that uh that measure forward U it's very anecdotal in nature but it's also very preventative um and sometimes it's simple as doing what do they call them Trail speed bump speed speed bump um in an intermitted fashion that makes it to where you will be a fool to drive over 5 mes hour yeah and and there's also be see trr is theand um controlled access to that parking so that individuals that have um assigned yeah assigned um garage parking spots will have access there so it kind of um limits the traffic um inside that particular coming out of their this was a homeowner coming out of their space further down this driveway the kids are on this end how can you see what's coming or how can they see what's coming yep and the kids just ran out there and one of them I mean it was you would have thought the kid would have died yeah we we we'll we'll definitely study that in terms of um the calming measures uh traffic calming also we know there's things like um you you know those those circle mirrors that you put in corner spots that kind of let you know oncoming traffic so we we'll make sure we're very intentional about that to be as preventive as possible but I I appreciate the development lenss that you got there that's what we need I wanted to address the um grocery store everybody's concerned about the grocery store right when you look at the bir to view of it um we're landlock I don't know if we all know that and we were doing a lot of requesting what would you like to take out in order to get a grocery store because there's no more land mhm we only have a small space I'm looking at I'm like this is a lot of stuff yeah there's no place for a grocery store where you have to delete something in order to get it and I guess that would ruin the plan of the whole process yeah now yeah we I'm mean I support that statement what I also want to do is uh we got Council medles I don't know how long you've been standing there but we'll bring you we'll bring that 30 seconds up to the stage and we uh we want to let you uh address the address the community you can ask some of these questions too if you would like to Sir uh just introducing the the um speaking you was that you on the agenda at the front end but we moved you oh oh just a welcome oh well good evening everyone it's good to see you here today uh just as he alluded that this is a process for all of us to continue to talk about so these ideas that you have these suggestions that you have we want you to continue to send them to our office we'll convert them to uh Royal Capital as along with um Robert Sterns and so I will tell you that we are very intentional in what's going to happen on this land and so that's why each and every time we go to the second phase of the next phase we're going to come to the community and share it with you and so I appreciate you guys being here tonight so I'm coming to just to say thank you and stay intact with what we're doing so is that pretty good that was perfect all right that was perfect yeah absolutely we we've been um keeping the the councilman um up to speed uh he's been involved with um seeing earlier early um Renditions of some of these um these plannings um along with providing input and feedback um so um understand that we're trying to be as we are very intentional and collaborative um across the process um and you guys got a lot of re Rich res resources here in terms of uh uh urban planners I mean Mike Brendan and I we've had several sessions um people know for us the uh the other side of the freeway but he has a deep urban planning background being able to sit down with the Architects and so forth and our team and offer advice and so forth has been um gold as well um helps us get across the Finish Line a lot more efficiently when we know all the rules and so forth and not have to design something and then try to redesign because we didn't know the rules so um we've been working pretty diligently behind the scenes to ensure that at least the footprint of what you all see today is achievable through the um Urban Design and other process um so that we're not putting something for for you that we got to take back Mr Lewis I'm sorry we got a mic behind you oh there's one piece we have not discussed and um and is concerned Safety and Security and projected Safety and Security uh which means we're going to have to ask for we're going to have to ask for more police Patrols we're going to have to ask for more U markers so that we can determine where the problems are before they become problems yeah so we uh if we can start projecting and doing that now early in the game yeah because I've seen some of the building some of the some of the apartments that have been built around here are like a little crime it reminds me of Chicago through it and Figo and some of those other places and I don't want to see that happen in this process yeah I got a um I got a little bit of history about some of the recent developments um and some of their security challenges um as somebody that's making a significant investment on behalf of the that we have as an IND indidual project or do we Loop in a more Universal system that takes into account the broader community in terms of additional security that serves in as a complement to the um traditional police services so I would tell you that security is probably going to be a um a working group so the grocery store is going to be a working group I will tell you that security is going to be a 25 working group that'll probably be operating in perpetuity because we're going to need to be very very intentional about ensuring that this is home for all of us still so and I'm assuming that you're going to be right there with us Mr Lewis good evening I have a comment and a one quick question um kudos to yall on the design it looks great it looks awesome the color um with our weather in Texas being so severe is there any plans for a little more of shading area and the play Maybe area um that you have the open areas maybe just some more shading yeah I I would think so um we got some tree Street skates that um that are showing mature trees along some of the walkways um we'll be working with Mike Brennan again kind of getting some direction there about what's allowed within our zoning requirements um but um I think that is something that came up several different times about how do we like you said deal with the severe heat here not just weather severe heat um so I think we got a good team that's going to work Mike is going to work with us about delivering on that right Mike so thank you but absolutely and we're taking notes tonight by the way folks I'm not just saying yes my team is like taking notes so I think that was a really good point is this one yeah I think that was a really good point um but actually uh other than permitting zoning and a lot of the feedback coming from the Community what's going to be the number one challenge that may impact your timeline and how are you going to combat that yeah um I would say that we always going to have macroeconomic challenges um we just had a change in presidency that's going to have significant impact on the global economy not just the US economy um we start looking at the FED rates whether they're going to pause or move forward with another rate cut this this week this week Brian this tomorrow or sometime in the next soon we're going to good good indications about what 25 is going to look like so if rates are going to be um as high as they are today obviously the 10e treasur is at 4:30 today it was projected probably 12 months ago that it was going to be dropping back down to 350 375 we kind of hit that Benchmark so all that to say that I think the global context is probably something that um could have an impact on us in terms of overall feasibility and rates I can say that the city has been very intentional about making sure that uh we got alternatives to combat some of those global challenges to ensure that we have feasibility um we also very we also work with several different Financial products and service some of our potential financiers are here today um looking at ways that they can help finance a project and a very efficient use um from a global context too there's also other programs on financier side that are taking different looks at how they can make things more feasible given that we're potentially going to have a high impact um a high impact next 12 months with the tariffs and everything that's going to be coming forward so that's everything from looking at our DCR rates going from 120 to 1.15 um to allow us to have better overall Financial feasibility with some of these transactions get a little bit into the Weeds on the financial side but Global context wise I think that is our biggest threat I think from a local economy standpoint constructibility standpoint work with the city standpoint I see all all as manageable risk so I've got a question I'll just follow up on that real quick uh one reason now that that timeline that we had so one of the reason that's important for us to kind of work concurrent processes why they're going to the permitting and while we've already started these conversations about financing it's particularly for that issue because the sooner we can get that structured and locked down uh that that protects us for some of this variability that's happening on the national level good to go all right so we stop this project stops at Terrell yes sir and I know you know we we we're wanting a grocery store and and I hate to harp on it who owns Pinkston is that not a property that we could maybe get a hold of and and put a store on it's a big parcel of land yeah uh so yeah Rob farmer owns Pinkston they've had it for a while uh they had started doing some renovation on the site um and uh I'm not sure if they're moving forward on that ien think they've done anything recently so you know I think that's this conversation we need to have with them and see what their what their long-term plans are if they're interested in in trying to put that land into some larger deal that could be used for the grocery store tractor yeah yeah yeah when they came out met with us a few weeks ago too okay uh Kevin let me say uh the presentation is is great uh I'm liking what I'm seeing I just had a question uh about the four points that every Community need is food banking education and healthare and we've talked a lot about the food aspect we're good as far as education but my question is a bank or something along the lines of Health Care small Pharmacy or whatever I bank with Frost Bank and they have a bank right at the end of a development over on Camp Bo a little small Bank you just walk in they got three tellers are standing there it's it's got to be at least 900 square feet it's not very big at all these are the four things that every Community need food bank education schooling so have you guys looked at that piece I love the idea um I would not count it out um in terms of the health and wellness piece obviously we're adjacent to a Medical District um so we I think it's important for us to Leverage the infrastructure there in terms of sum of the healthcare I think on the preventive Healthcare side what we did mention here is that we have a fitness gym that's going to be zip code um Rich meaning that we're going to be um having special access for folks at a very discounted rate call it five bucks you know a quarter for folks that um live within this geographical footprint so they have access to a fitness center so they can work on preventive Health um to answer the question about I'm fully in line with this Claude Anderson perspective of you know what you need to make you know or that generation perspective what you need to make a healthy Community I'm totally in line with that related to banking I probably have a unique perspective about that um I just sat on eight hours I'm sorry six hours of banking meetings today I sit on the board of the federal Home Loan Bank of Chicago and we essentially govern and provide liquidity for all the banks in the US and the way that banking system is currently trending right now is very much going to be um digital banking um I can't tell you how often I used to go to my credit union before but I can tell you that it's where I personally bank at outside of my business banking but I can tell you it's a lot different um I probably go once a year um for a random money order that I may need um I need in short amount of time but I think that from an infrastructure standpoint the banking system is going to be except except exceptionally digital um moving forward um but I think that we still what we've seen work well in terms of banking relationships which I think can happen here with like a 900 foot space is for them to program inside of another space and be an educational partner for the community where they can come in and talk about financial literacy Credit Credit Repair um accessing loans um pulling our home equity loans maximizing wealth and so forth so I think that we can Le we should be focusing on leveraging a banking partner um how do we do it it's going to be us collectively figuring that out together but I think it should be critical piece and I'm sure we taking notes on it right now yeah um I have a question but it's based on what we've experienced this past week um so my thing is this nothing uh kudos to y'all thank you'all for your help and everything that you're doing for this community uh my thing is to councilman Nettles as we see now um I hate to say it the fourth the four worth way is happening again and I'm afraid this might happen to our project that we're doing here with this community so how do we help you to make sure that doesn't happen a year from now after the elections or right before the elections how do we help you to make sure we lock in that money and that help that we need at the city how do we help you to do that well have some bail money cuz if they try to take that money from this District it's going to be a problem it's not going to happen we have that money secured right I mean listen I will go I lose my okay it's not going to happen that money is secured everything that has been dedicated to Evans and rosale has been set aside and so we have seen forart do some things that are crazy but this project is going to move forth it's going to happen and so thank you for that question but I'm very confident that the money is secure that we have set aside for this you want to speak thatll yeah because it's more Partners than just the city of forward to that point so everybody um my name is Mike Brenan I serve as president of near South I in we work with Robert's team uh through a contract to administer the tax increment Finance District um that basically just diverts a share of the property taxes that are generated in this area and west of 35 into a special account so that those dollars will be reinvested in that area to support um exceptional private projects like the one that we're talking about tonight and um if you flash back to the the previous plan that we went through a few years ago that went through approval uh by the board of directors for Tiff 4 and they they approved a a contribution a significant contribution multi-million dollar contribution to support the Redevelopment in Evans and rosale obviously that specific plan didn't move forward but those dollars did not go to any other project they are still set aside as councilman nettle said and so we anticipate that as as Robert and the team were saying there's going to have to be a public private partnership that comes together to deliver all these Community goals the Tiff will be there to help make that partnership happen we're committed to that for sure got time for one more and then we're going to push everything back to the renderings where you can continue to give feedback put Post-it notes up have those conversations and of course this doesn't end tonight as they said so one more um I appreciate the design I think it's thoughtful it's beautiful um this neighborhood deserves that I I applaud everything you've designed and how you've thought through it um with the grocery store aside but I understand also that's a little bit out of your control it you have to find a grocery uh somebody willing to invest and and open it here um my question though you mentioned that you um will have some of the first of all it's two parts the apartments for 55 and up are those is that all rental or is it is some of it ownership same with the um the town homes will it be all rentals or is it is there an opportunity to own and second part of the question is how much what is your commitment to low income and the the sliding scale or however you're going to you know diversify that what is your commitment to is it a 30% will be uh set aside for these you know different however you decide to qualify people for what they can afford to do or less or have you thought that far I mean what is the commitment there to keeping it Diversified um so I'll go to the first I'll go to the first um the question related to the um the programing rental versus home ownership um I'm I going say that the current answer is that it's it's a fully rental program um the reason I'm looking at my team right now is that we have a an academic study going on right now about how do we from a urban plan side and urban developer side um incorporate um tokenization um into um rental programs that allow for Community ownership so that if you think about it as a contemporary to what we would have in the market today that' be more of a co-op model um but it allows for a rental um unit to be potentially monetized with tokenization process um that will allow it to appreciate over time and then be able to create value where it would then be able to be transferred um from one principle to the next um very unique model but very much in line with the co-op model the reason why we can't do the co-op model because of different restrictions and so forth but it's a unique opportunity that doesn't involveed the financing world so my financi Years be looking at me like what the hell is going on there but it's much more a family it's much more a u an adjacent tokenization program rather than a um direct financing um tokenization program it's a unique model that's being studied academically right now with some of our um Junior colleagues and one of our colleagues out in New York but um we're we're we're in we're in tune with that kind of thinking of how do we maintain ownership here and that goes for the commercial pieces as well so we're examining that but right now it's fully a rental program is what the clear the clean answer is um the second part was related to I forget um oh the the mix I would I I want to give you some answers today on that but I could just best say to you because I don't want to overcommit while the overall process is still going on that affordability will be a significant part of the overall community and that will range from um the 55 and WIS or over to the town homes as well um that is something that was a probably one of our leading points from the engagement piece um which caus us all to rest strategize and figure out how do we um address that um I think Mike Bron was involved that conversation as well again we've been very very intentional about that that portion I will say that there's a strong commitment what it looks like percentage wise I don't know if we can make that get that answer today unless you can say some more no well I will say that just as part of overall Pro policies so anytime that we're doing Economic Development incentives particularly when it involves housing and mix use Housing Development there is a requirement uh in that policy for some percentage of affordability now typically that's a that's at like a 20% on the overall units but again that's that can be negotiable kind of depending on the project so that'll be part of the discussion that we'll be having during that process okay is that a last question Mar all right I think we're going to move into uh the opportunity to view uh some of the boards in the back the team will still be here staff will still be here if youall have any questions you want to come and talk to us uh but feel free to take a look and give us some comments on those uh information so thank you all for coming out hey