Title
Project Update - CRA Office Building at 802 NW 5th Ave (B)
Explanation
The CRA's offices are currently located at 300 E University Ave, Suite 240 in the Commerce Building. A one-year option has been exercised on the lease and will expire on February 29, 2010. On November 17, 2009, the CRA approved 802 NW Ave as the site for a new CRA-owned mixed-used office building. The approval of the site was contingent on the resolution of parking availability at the adjacent City-owned lot.
The project will be permitted through the Minor Development Process and in order to complete construction before the current lease expires, a strict project timeline must be adhered to. The first major project milestone is Wednesday, March 11, 2009, the due date for the development application. A neighborhood meeting is planned for Tuesday, March 3, 2009 at the Wilhelmina Johnson Center on NW 10th Street to receive and incorporate feedback from the community.
DAG Architects, the 2007 AIA Firm of the Year, has been selected to provide professional design services for this project. DAG will present information about their firm, initial programming concepts, and draft building models.
Fiscal Note
The preliminary budget for construction costs is $763,000. A final budget will be determined once a Construction Manager is selected and has value engineered the project and determined a Guaranteed Maximum Price. $511,000 is currently funded across the four CRA redevelopment area trust funds. The remaining balance will be borrowed and repaid from the FAPS redevelopment area trust fund.
Recommendation
CRA Executive Director to CRA: Hear a presentation from staff and DAG Architects.