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    Proposal Redevelopment and Project Strategy: Solicitation No. RFP 16-05

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    Mohamed Hizam
    This proposal from Stout and Teague Company responds to a solicitation from Herndon, Virginia for the redevelopment of downtown Herndon. The proposed project, called Herndon Town Commons, would include a residential condominium building, hotel, townhouses, public spaces, and a public parking garage. It would feature a 31,000 square foot arts center and commercial space. The goal is to revitalize the area through new development that supports the arts center and existing businesses while providing public amenities like plazas and parking.

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    Proposal Redevelopment and Project Strategy: Solicitation No. RFP 16-05

    Uploaded by

    Mohamed Hizam
    17 views2 pages
    This proposal from Stout and Teague Company responds to a solicitation from Herndon, Virginia for the redevelopment of downtown Herndon. The proposed project, called Herndon Town Commons, would include a residential condominium building, hotel, townhouses, public spaces, and a public parking garage. It would feature a 31,000 square foot arts center and commercial space. The goal is to revitalize the area through new development that supports the arts center and existing businesses while providing public amenities like plazas and parking.

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    This proposal from Stout and Teague Company responds to a solicitation from Herndon, Virginia for the redevelopment of downtown Herndon. The proposed project, called Herndon Town Commons, would include a residential condominium building, hotel, townhouses, public spaces, and a public parking garage. It would feature a 31,000 square foot arts center and commercial space. The goal is to revitalize the area through new development that supports the arts center and existing businesses while providing public amenities like plazas and parking.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    17 views2 pages

    Proposal Redevelopment and Project Strategy: Solicitation No. RFP 16-05

    Uploaded by

    Mohamed Hizam
    This proposal from Stout and Teague Company responds to a solicitation from Herndon, Virginia for the redevelopment of downtown Herndon. The proposed project, called Herndon Town Commons, would include a residential condominium building, hotel, townhouses, public spaces, and a public parking garage. It would feature a 31,000 square foot arts center and commercial space. The goal is to revitalize the area through new development that supports the arts center and existing businesses while providing public amenities like plazas and parking.

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    Solicitation No.

    RFP 16-05

    Herndon Downtown Redevelopment Project

    Executive Summary
    Part A

    About Stout & Teague

    A-1

    Our Personnel

    A-8

    Baskervill
    Tri-Tek Engineering
    List of References

    Letters for Credit Reference Authorization


    Part B
    Proposal Redevelopment and Project Strategy

    Conceptual Sketches and Plans


    Planning Steps, Milestones and Key Decision Points
    Milestones and Key Decision Points
    Other Redevelopment Strategy Components

    Part C

    Unique Capabilities

    Part D

    Financial and Value Analysis

    A-5
    A-7
    A-10
    A-11
    A-12
    B-1
    B-6
    B-6
    B-7
    C-1

    Property Taxes, sales taxes, fees and contributions and other local public income

    D-1

    Conceptual Financing Plan

    D-2

    Value of public facilities to be derived from the project

    Operations and Maintenance Estimates for Parking Structure


    Conceptual Financial Pro Forma

    Our Long-Term Financial Sustainability Strategy

    Our Approach to Balancing Expenditures, Returns and Risk


    Market Risks and Returns During Economic Stress
    Financial Analysis Tables

    D-1
    D-2
    D-4
    D-4
    D-4
    D-5
    D-6

    D-7

    www.stoutandteague.com

    Herndon Downtown Redevelopment Project

    Solicitation No. RFP 16-05

    Stout and Teague Company is pleased to submit this proposal for development of Herndon Town Commons in the
    heart of historic downtown Herndon.

    Project Uses

    Herndon Town Commons will include:

    Residential Condominium Building


    Hotel
    Townhouses
    Public Spaces
    Public Shared Parking Garage

    ter Plan and stimulate further downtown Herndon


    development.

    A 31,000 sf, 3-story commercial condominium building will incorporate the 18,000 sf Arts Center, 9,500 sf

    will also provide 30 parking spaces to be incorporated


    in the Public Shared Parking program. The building
    use as an arts center and will confront a public plaza

    and entertainment venues that complement the Arts


    Center, Farmers Market, Festival, Friday Night Live and
    other Town-sponsored events, and existing downtown businesses. Examples of the type of operation
    we would hope to attract are: Praline Bakery & Bistro,
    Green Turtle, and Busboys & Poets. We anticipate no
    condominiums at Herndon Commerce Center next
    door.

    Public Shared Parking Garage

    A 450-475-car 3-level garage will be placed in the


    center of the site, screened by the surrounding uses
    fronting the streets around the site. The garage will
    provide the 220 spaces required by the Town and
    will also include spaces required for the hotel, Arts

    retail uses not already provided in the podium under


    that building. (The townhouses and residential condominium are not expected to utilize any spaces in
    the garage.) The adjacency of the garage to the rear of
    direct and easy access to that building and through
    it to the public plaza and the rest of the Town across
    the W&OD Trail. Likewise, the mid-block public plaza
    on Elden Street will make for easy and convenient
    access to the garage for uses on the south side of
    Elden Street.

    Public Spaces

    Two main public plazas are included in the project.

    building along Station Street and the W&OD


    Trail
    Adjacent to the hotel along Elden Street, midblock between Center and Station Streets

    If allowed by the NVRPA, we would like to create a


    terraced access point to the W&OD Trail at the end of
    Vine Street - this could serve as a third public gathering space.
    Center Street to Station Street through the Public
    Shared Parking garage and will support pedestrian
    connections to the public plaza and the W&OD Trail.

    www.stoutandteague.com

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