HomeMy Public PortalAboutPavillion 3.25.21 Plat SUBEW PAVILLION EXHIBITS
• Market nalysis Mem.ran
• Tr ffic Im. act R -view
t.r
t
r
rel i a
t (3.25.21)
issi
Y PAVI LLI s F T
• 100% "For Sale Homes"
• 100% "Age Restricted Homes" (
uartet Homes eliminated
• 1. o e total re uction to avil io
olo eigh • or oo •'s n at ul
Significant Benefits per 3.25.21 Preliminary Plat
//
Existing a and for 18 e estricted ho es/year,
but no supply in Plainfield or immediate environs
• Direct Competition is virtually none existent
• Stron Need for an Amenity Rich (55+) Community
e estric e
r a
usin
ll
T o prop* uct options, olo s uet, expan floor plan
choices & price diversification, accelerating monthly
sales and elevating the prospects of success
Pavillion will help to keep Active Adults in Plainfield
and most likely attract people from neighboring
t ns n ey n
Significant enefits per 3.25.21 Preliminary Plat
11
• :•:jecte •r a rici
ec
500K
• The 2020 sold home pricing at three adjacent
subdivisions was $251-459K
Typical Closing Price will be at $180-190/sq.ft.
e
estricte# vs TraXitional"
T e 2 i= sold home pricing at three adjacent
subdivisions was $128/sq.ft.
The residential home prices will not drop in
value but most likely have a valuation increas
s r s I
Significant Benefits per 3.25.21 Preliminary Plat
ensi
• Lower density or larger lots have minimum
impact on quality, aesthetics or creativity
• Density has little to no effect on home pricing
• The emphasis of a smart two Bedroom Floor
Plan, designed for 55+ Adults is on efficiency,
convenience, aesthetics & sustainability.
"Density vs creative Design"
• Open Space is re -imagined to become a focal
point for recreational amenities, social events
and a variety of active and passive activities.
• Large yards are replaced with fully landscaped
Front and Rear Yards and side entry yards.
• In the spirit of compromise, the revised 3.25.21
plan has reduced the overall unit count by 19.
Abandoning the four-plex (Quartet homes) and
reducing the Solo neighborhoods to 2.9 du/ac
Significant Benefits per 3.25.21 Preliminary Plat
Tra s iti
0
r
s/
• Age Restricted (55+) generate 4.47 trips/day
• The total daily car trips, when compared to the
previously proposed traditional plan for this
site, against the current Pavillion plan, the total
traffic is a fraction higher for a traditional plan.
"Age Restricted vs Traditional"
• Additionally, 55+ residents contribute a smaller
• rc= t. : r at rnin venin • eak hours
• The proposed access points on Renwick Road
are aligned with the existing streets, allowing
Pavillion development to make minor changes
to the existing painted median, in order to
r i l r l
Significant Benefits per 3.25.21 Preliminary Plat
Engineering analysis has recommended a single
& continuous N/S Storm Water Facility along
the entire westerly Pavillion property line
The single facility will produce better storage
capacity, considering the constraints posed by
i. t r
• The proposed storm water sewer installation in
front of Pavillion, within the Renwick ROW, can
provide significant relief to on -going storm
water issues in this general vicinity.
Pavillion's slab on grade home construction will
i I r s s l i