We received the following from the Georgetown neighbors: From: Bruce A. Measom [mailto:bruce@harborcos.com] Sent: Thursday, January 12, 2012 1:46 PM To: Kahan, Jeffrey Cc: Craig Schubiner Subject: RE: Latest Georgetown Mall/Packard Square Update Hi Jeff, Thanks for your email. The following highlights some of the recent activity for the Packard Square project: 1.
The project has been bid out by a number of contractors, and we are
nearing the completion of value engineering. In order to make the
project financially feasible, as we mentioned a month or so ago, it will
be necessary to increase
the residential unit count. The overall footprint will remain the
same, but some units will be shrunk in size to create room for more
residential units. The final count is being worked out by our
architects, and we expect to submit updated plans for the administrative
amendment to the site plan shortly. Earlier we mentioned 13 units for a
total of 243 but it is looking like the architects were able to fit in 4
more units for a total of 247. 2.
The financing is in progress, as we are working with the lender to
finalize the underwriting. We were hoping to get something from the
City Assessor regarding the likely stabilized property tax bill as our
lender is asking for that. Apparently, Dave Petrak cannot provide that
but any help in this regard would be appreciated. 3. We have started
calling nearby multi-family complexes regarding footing drain
disconnects, but, it remains an open item since none of the parties we
contacted so far want to participate. We would like to set a meeting
with the City on this to figure out the best plan of attack. 4.
We have been working with Kevin McDonald to try to finalize the
Development Agreement. We are hoping to see a revised highlighted copy
of that soon from the City. 5.
As noted above, we'll submit shortly a revised set of plans soon for
the administrative amendment to the site plan, which will include the
earlier minor parking adjustments, and also the new unit counts. 6.
We are still waiting on the final approval of the environmental cleanup
grant from the State of Michigan. Our consultants at AKT Peerless have
been in touch with representatives from the state, and they expect to
hear back soon. We are trying to set a meeting with the DEQ next week to
resolve any outstanding issues. That approval is the key step to move
forward with demo and removal of the contaminated soil. We would like
to begin this work next month if possible. 7.
The retail brokers are out in the marketplace, searching for a small
grocery store to anchor the site. Once that tenant is solidified, the
rest of the retail leasing will begin in earnest. 8.
The lender may want to participate in a call with City Planning to
understand the current development pipeline, and may propose times
shortly. 9.
As mentioned above, we anticipate moving forward with soil erosion
controls, hazardous materials abatement, demolition, and soil
remediation - hopefully in February (in conjunction with the County's
normal processes for these items as they relate to the grant). 10.
We are working with Kroger toward their final vacation of the premises,
and to get their utilities turned off in anticipation of demolition. 11. Baseline Environmental Assessments ("BEAs") are
in progress for the lender, and the development entity. Although many other things are going on in greater detail, we wanted to provide this brief summary to keep the City updated. Thanks. Bruce Measom Harbor Property Management, LLC PO Box 7067 Bloomfield Hills, MI 48302 Ph. (248) 332-4444 Fax (866) 426-3286 email: bruce@harborcos.com From: Kahan, Jeffrey [mailto:JKahan@a2gov.org] Sent: Monday, January 09, 2012 2:35 PM To: Bruce A. Measom Subject: FW: Latest Georgetown Mall/Packard Square Update Hi Bruce, Steve Powers is our new City Administrator. He’s asking for an update on the project status. Would you mind providing one. Thanks. Jeff From: Powers, Steve Sent: Monday, January 09, 2012 1:37 PM To: Kahan, Jeffrey; Bahl, Sumedh; Rampson, Wendy Subject: RE: Latest Georgetown Mall/Packard Square Update Any update? From: Kahan, Jeffrey Sent: Friday, November 04, 2011 10:25 AM To: Powers, Steve; Pirooz, Homayoon; Derezinski, Tony; Rampson, Wendy; Teall, Margie; Higgins, Marcia; McDonald, Kevin; Bahl, Sumedh; mary krasan Cc: Kahan, Jeffrey Subject: FW: Latest Georgetown Mall/Packard Square Update The latest update regarding Georgetown Mall/Packard Square….. From: Bruce A. Measom [mailto:bruce@harborcos.com] Sent: Friday, November 04, 2011 10:21 AM To: Kahan, Jeffrey Cc: Craig Schubiner Subject: RE: Latest Georgetown Mall/Packard Square Update Things are going well. Everything
is submitted for the MDEQ grant and we are just waiting for final
approval. As soon as that is done, which we are expecting very soon,
our goal is to complete the demo and soil clean up immediately. The
project is fully bid out and we will work to sign up a demo contractor
immediately after the grant approval. I believe we have to work through
the county and MDEQ on the grant items, so we will do our best to push
that quickly. We
are also waiting on the executed Development Agreement from the City.
We have requested some minor clerical revisions some time ago, and we
need to review those before it is signed by both parties. We are going
to need that soon for financing. Thanks. Bruce Measom Harbor Property Management, LLC PO Box 7067 Bloomfield Hills, MI 48302 Ph. (248) 332-4444 Fax (866) 426-3286 email: bruce@harborcos.com |
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