Item B: Review of West Broadway Request for Qualifications Responses

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In response to Ms. Little, Mr. Braud explained that KWG preferred to develop th.e entire project If they were not selected in. this process., K.WG wanted. to have the o'pportun.ity to expand their original lOth and Chamelton concept th.at included only the Sears site to include the entire block. Ms. Garrett opened the flo.or to comments: . KWG proposal only one that rose to City Council's broad vision for downtown. . KWG most upfront about need for public support . Need for significant community process to get political support for financial support . Two developers with proposals that contained most information had submitted proposals on West 10th Avenue and ChameltonStreet site. Was this an indication that they better understand what Eugene is looking for? . KWG up front with information on its requirements for return on investment-the City would have to spend some money to make it happen. . Concern with Beam proposal with Phase One that recreated existing buildings that had struggled at many levels over time. If Phase One vvas not successful, nothing else would happen for many years. . Liked KWG proposal in that if it could not do the whole project, it would still like to expand the Sears project. . Need a critical mass to occur, as with a larger scale project, to be successfuL . May be a way to ask KWG and Beam, or a combination of three developers, to collaborate in ord.er to spread the risk. . CenterCal backed by one of the largest pension funds in the world; financially sound; look at a return over a long time of 20 to 40 years. . Did any of the developers consider Whole Foods as.part of their development? . Was there any opportunity of diverting OTI.e of the developers to consider developing tbe former Whole Foods site? . Most of the developers saw the loss of Whole Foods on East Broad\vay as an opportunity for West Broadway. . None of the developers are unqualified to do the proJect. . Beam and CenterCal proposals contained no owner occupied housing.. . lIotel proposals would support cultural and arts a.ctivities. . Beam good with making things happen; look at achievable scale. . Do multiple party involvement projects make them more feasible or more difficult? . Greg Bryant suggestion of incubation sites could work on the west block. . Downtown above the ground floor with office space stlccessful; street level not successful. . The Shedd ownership had expressed an interest in more hotel space in downtovVll for performers and audiences. . Good things happening all around downtown except in the two block area of West Broadway, including 5th Street Market., MidTown Market, 18th and Pearl, the Courthouse, residential and commercial development in the Ferry Street Bridge area. At least $300 million had been invested around the downtoWn in the last two years, except in this 1\vo block area. . Wants to get things happening and relieve the log jam of development in downtown. Looking for most feasible. . Housing will foHo\v commercial development MINUTES- Eugene Redevelopment Advisory Comnlittee February 23, 2007 lBage