Item B: West Broadway Project Update

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Mix of Uses BEAM KWG Office 55,423 Hotel 87,800 Retail 40,600 Retail 132,279 Surface parking 5,600 Grocery 58,000 Total Square Feet 101,623 Condos 254,360 Apartments 152,400 * Supplemental information also indicated an Theatre 55,000 alternative scenario with flex/live uses but limited Parking 229,010 detail has been provided. Total Square Feet 968,849 Transfer of Property BEAM KWG Developer purchases property below the purchase Developer purchases property after completion of option price conditions listed in RFQ response (estimated within 12 months) Design and Sustainability BEAM KWG Design: Design: The redevelopment concept focuses on Goal of a rich and varied palette of architecture ?? rehabilitation of Centre Court and Washburne which attracts retailers, customers and home buildings buyers (more information and images to be Elements would include: removal of the provided as project develops) ? stucco siding, replacement of the windows Use of two architecture firms for architectural ? with historic “in nature and look” windows, variety and interest refinishing of the brick and brick detailing, and Differentiated architectural styles and materials ? new metal canopies Primary attention to design of ground floor, ? Based on images initially provided by Beam, including glass storefronts with upscale ? the new construction would be a tall one-story architectural elements, canopies, awnings, structure; supplemental material indicates a creation of active pedestrian realm possible tensile (tent) structure (as a long term Upper levels to have considerable glass faces ? temporary use) in varied architectural styles Renovation of existing Centre Court building ? to historically appropriate appearance Sustainability: Sustainability: Reuse of existing Centre Court and Washburne Dense urban housing, including affordable ?? buildings units L:\CMO\2007 Council Agendas\M070425\S070425B.doc