REQUEST FOR PROPOSAL THE GOODWIN BUILDING

Transcription

1 REQUEST FOR PROPOSAL THE GOODWIN BUILDING Adaptive Reuse of Colonial Williamsburg s Former Executive Offices in Downtown Williamsburg, VA Issue Date: 10/12/18 Responses Date: 11/16/18 COLONIAL WILLIAMSBURG WILLIAMSBURG, VA

2 INVITATION Developers are invited to submit a proposal to the Colonial Williamsburg Foundation, Williamsburg Virginia to enter into a long-term lease for a trophy downtown property at the center of Williamsburg s downtown district. Proposals shall outline a high quality and unique reuse for the historic Goodwin Building at 134 North Henry Street, Williamsburg, VA, This architecturally and culturally important building exemplifies the craftsmanship and fine detail under which the greatest historic preservation effort of all time was undertaken by John D. Rockefeller, Sr. resulting in the creation of Colonial Williamsburg. From 1940 through today, the building has served as the administrative headquarters for the Colonial Williamsburg Foundation s senior leadership and repository of the Foundation s corporate archives.

3 GOODWIN BUILDING DESIGN NOTES The administrative center of Colonial Williamsburg continues the design theme of Merchants Square, freely arranging details from post-revolutionary American buildings. Here no less than nine units suggest separate buildings, all of comparable size (two stories, two to five bays), arranged in an H plan. Occasional shop windows suggest some of the promiscuous manner in which houses and shops were mixed in cities of the new republic but are here used entirely for ornamental effect. A wrought iron screen encloses a front courtyard treated as a garden. Brass doors with c details open onto the courtyard and give access to corridors lined with offices. Light fixtures blur the line between neoclassical and Art Deco, and a fully paneled second-floor boardroom housed portraits of the museum's benefactor, designers, and presidents.* *Richard Guy Wilson et al., Goodwin Building [Williamsburg, Virginia], SAH Archipedia, eds. Gabrielle Esperdy and Karen Kingsley, Charlottesville: UVaP, 2012, Accessed This iconic and ideally positioned building awaits an adaptive reuse that capitalizes upon the advancing downtown vibrancy and high demand for new residential and commercial options in the City s epicenter. The prominence of the building with its sweeping corner streetscape and high visibility from almost all central downtown blocks, dictates that the reuse of the property (now vacant) must honor the quality of the finishes that were employed during the Williamsburg Restoration. Developers will be required to collaborate with the Architectural Review Board for the City of Williamsburg as well as with the curators of the Colonial Williamsburg building archives and Colonial Williamsburg s design experts.

4 THE FOUNDATION DESIRES TO ATTRACT USES THAT: Create synergy with surrounding development Enable vibrancy Redefines the building s preeminence in community life. Preserve the Historic Streetscape Provide a long term return to Colonial Williamsburg Support the curated growth of Merchant s Square Residential development, hotels and/or office that support companies/organizations with financial strength and growth potential are strongly preferred. Street-level pedestrian-friendly uses, such as restaurants and retail venues, are highly desirable and in demand. Developers are encouraged to detail how their vision for redevelopment of this signature asset will lead to its long-term economic vitality. It is a true cornerstone of Colonial Williamsburg s past, present and future identity. Provide 4 hard copies and one electronic copy by TBD Goodwin Building 134 N. Henry Street, Williamsburg, VA Questions related to this Request for Proposal (RFP) must be submitted in writing by 5 p.m. Eastern Time on TBD and directed to Drew Haynie, Agent, at drew.haynie@thalhimer.com

5 REQUIREMENTS EVALUATION PROCESS EVALUATION CRITERIA Provide 4 hard copies and one electronic copy by 11/16/18 Reference: Goodwin Building RFP c/o Thalhimer 1 BayPort Way, Suite 100 Newport News, VA Questions related to this Request for Proposal (RFP) must be submitted in writing by 5 p.m. Eastern Time on 10/20/18 and directed to Drew Haynie, Agent, at drew.haynie@thalhimer.com or Dawn Griggs, Agent, at dawn.griggs@thalhimer.com The Colonial Williamsburg Foundation intends to evaluate all responses to this Request for Proposal (RFP) within 30 days of the submittal deadline. During the evaluation period, The Foundation may request presentations, conduct interviews and seek additional information from respondents. Upon completion, The Foundation may select a Development Team, enter into a Development Agreement based on submittals received and without added process, or elect not to proceed. Provide 4 hard copies and one electronic copy by TBD Development Proposal Quality Development Team Experience and Qualification Financing Strategy Viability Community Compatibility Development Schedule Promptness Return on Asset to Colonial Williamsburg ACTIVITY Goodwin Building 134 N. Henry Street, DATE Williamsburg, VA ACTIVITY DATE RFP ISSUED 10/12/18 Questions related PROPOSALS to this DUE 11/16/18 TOURS 10/22/18 Request for PROPOSAL Proposal (RFP) REVIEW must 11/16/18 12/16/18 be submitted in writing by 5 p.m. TOURS 10/26/18 Eastern Time INTERVIEW on TBD and 12/16/18 12/23/18 Q&A PERIOD 10/26/18-11/02/13 directed to Drew FINALISTS Haynie, SELECTION Agent, 12/31/18 at drew.haynie@thalhimer.com NOTIFICATIONS 01/02/19

6 OWNER The Colonial Williamsburg Foundation assessed at $2.6M, City of Williamsburg, 2018 ADDRESS 134 N. Henry St. Intersection of Henry St. & Prince George Street (Merchants Square) in Williamsburg s downtown commercial district PARCEL NUMBER 465-OA BUILDING / LAND AREA 42,412 SF, constructed in 1940 on acres with four (4) stories and frontage on Henry Street and Prince George Street BUILDING/ LAND AREA 42,412 SF GBS with 30,875 SF GLA with four (4) floors (including full finished basement) ZONING Business District (B1 & AP1) Architectural Preservation District HISTORIC STATUS Part of the Historic Merchants Square Commercial District / National Historic Registry LAND USE General Business Commercial ADJACENT LAND USE Adjacent land uses include restaurant, retail, bank/financial, and mixed use. Also adjacent to surface parking and structured parking within one block PARKING Conveys with available deck parking in secure municipal garage (35 spots by agreement with municipality) NEARBY DEVELOPMENT Concept under review to add park and multi media area adjacent. See Goodwin Square Section of RFP UTILITIES All utilities to site. Central plant for heating. Central air conditioning with multiple zones WALK SCORE 81 / 100 very walkable walkscore.com, 2018 PUBLIC TRANSIT Within blocks of public transit (bus) and College of William & Mary transit service. Four blocks from Amtrak station POTENTIAL INCENTIVES Historic Tax Credit eligible. Potential credit from City for increased tax base / added tax revenue from new commercial uses

7 SUBMITTAL INFORMATION Developers interested in the property are requested to submit a Proposal describing: 1. The overall development concept for the Project, including but not limited to The type of reuse (e.g. mixed use, residential, hotel, office, restaurant, retail) Estimated amount of space designated for each use Number or market rate residential units and/or hotel rooms if applicable Anticipated number of full-time jobs to be created Proposed amenities Commitment to historic renovation Project s long-term economic vitality Synergy with surrounding development Additional information that will support its highest best use 2. An overview of the Development Team s qualifications and Project roles as well as other relevant experience in conducting successful historic/complex building renovations with stabilized occupancy that contributed long-term economic vitality. Preference will be accorded to Developers with successful historic rehabilitation experience. 3. The proposed capital investment and financing plan, including sources of funds. Indicate the proposed Lease Price and its payment schedule. Financial references may be requested if selected to proceed further in negotiations. 4. The anticipated schedule of key milestones, such as securing financing, due diligence, procuring entitlements, beginning and completing restoration and obtaining a Certificate of Occupancy. 5. Preliminary deal terms in general that are important to the Developer. PROPOSAL CHECKLIST This checklist identifies the documents that must be submitted with each Proposal. Proposals received without these documents may be deemed non-responsive and may not be considered further. Complete contact information and list of Principals Completed Proposal according to Submittal Information Samples of recent projects (optional)

8 The Goodwin Building Fast Facts The Goodwin Building Constructed in 1940 for the Executive Headquarters of the Colonial Williamsburg Foundation 42,000 ± SF consisting of 4 floors including basement H shaped floor plates with fenced courtyard garden entry Located at the cornerstone of Colonial Williamsburg s Merchants Square Historic Area and Duke of Gloucester Street Adjacent to College of William & Mary Served by a municipal parking garage with 24/7 security and 35 spaces with controlled access Antique architectural features include handmade moldings, ironwork, brass doors, antique clocks, custom copper/bronze light fixtures, walnut hand rails and mahogany doors, cooper gutters Part of a registered historic district (Merchants Square) National Registry Upgrades include: modern fire monitoring (non-sprinkled), electronic entry doors, network cabling, climate controls, wired for back up power, central physical plant and server room with climate control, closed circuit video security systems

9 The Goodwin Building - 1 st Floor Existing Configuration as Office

10 The Goodwin Building 2 nd Floor Existing Configuration as Office

11 The Goodwin Building 3 rd Floor - Existing Configuration as Office

12 The Goodwin Building Basement -Existing Configuration as Office

13 THE GOODWIN BUILDING Goodwin Square Proposed for Development 2019 The proposed Goodwin Square project will be built on the site of a current small asphalt lot adjacent to the Goodwin Building. The park feature with its water feature, numerous shade trees, ample seating and gathering spaces, will provide an attractive and inviting place to decompress, walk a dog, and to enjoy the outdoors for residents, locals and tourists alike. GOODWIN SQUARE CONCEPT DRAWINGS The location is central to the downtown shopping areas, the College of William & Mary, the Historic Area and immediately behind the subject property. In addition to creating a lush green vista and a vibrant back yard for the Goodwin Building, the creation of Goodwin Square will provide an attractive and exciting new venue that would allow the offering of consistent, scheduled and regular entertainment and cultural events for downtown residents. The project is intended to enhance significantly an already beautiful shopping, dining, and gathering area at the center of downtown Williamsburg. The Square adds a true sense of place with the Goodwin nomenclature and offers a bonus amenity for the asset s future residents, guests and retailers.

14 R F P T H E G O O D WI N B U IL D IN G Goodwin Square Conceptual Renderings Gathering Place and Multimedia Park Plans for Adjacent Park to Subject Property

15 Goodwin Square Conceptual Rendering SUBJECT PROPERTY CHILDREN S PLAY AREA CONCEPT LOUNGE AREA CONCEPT

16 Goodwin Plaza Conceptual Renderings CHILDREN S PLAY AREA CONCEPT LOUNGE AREA CONCEPT

17 THE GOODWIN BUILDING

18 Site Context & Parking Merchants Square P PP = Retail/Restaurant Available = Paid Parking = Public Parking = New Construction = Future Development = SUBJECT PROPERTY

19 51, MINUTE POPULATION 15-Minute Population: 75, , Minute Population: 114, MINUTE PROJECTED POPULATION $1.29 B 10-MILE 2017 RETAIL EXPENDITURE DRIVE TIMES 12 Minute 15 Minute 20 Minute 2018 Estimated Population 51,864 75, , Projected Population 54,965 80, , Households 19,775 28,699 41, Projected Households 21,047 30,630 44, Average Household Income $105,480 $103,069 $100,667 Daytime Employees 44,697 54,015 61,938 Daytime Businesses 2,399 2,945 3,519 RADII 3 Mile 5 Mile 10 Mile 2018 Estimated Population 36,559 67, , Projected Population 38,489 72, , Households 13,706 26,297 41, Projected Households 14,515 28,110 44, Average Household Income $100,547 $105,743 $101,747 Daytime Employees 35,633 50,999 64,510 Daytime Businesses 1,86 2,772 3,656 CONSUMER EXPENDITURE 1 Mile 3 Mile 5 Mile 2017 Retail Expenditure $424 M $840 M $1.29 B

20 Supplemental Materials Available on Request Link to Full Vibrancy Plan: Link to Master Flyer: P

21 Location Maps Washington, DC 153 miles Richmond 52 miles Baltimore 200 miles Virginia Beach 60 miles Philadelphia 292 miles Charlottesville 122 miles New York City 378 miles Washington, DC 153 miles Palm Beach 923 miles Baltimore 200 miles

22 CONTACT: DREW HAYNIE (757) DAWN GRIGGS, SIOR (757) Although the information contained herein was provided by sources believed to be reliable, Thalhimer makes no representation, expressed or implied, as to its accuracy and said information is subject to errors, omissions or changes.