Three Springs
at Shiloh
January 14, 2008
Full Service Commercial
Real Estate Company
• Master Planners - BUILD
• Commercial Brokers - FILL
• Asset Managers – PROTECT
VALUE
“We will create the space where business and community take place. The innate,
human purpose of the village as a gathering for all people will be re-discovered.
Whether newly created or in response to the needs of existing urban areas, we will
pursue these Integrated Developments to the betterment of our customers and the
community. In the end, the impersonal division of Industrial Age development will
be transformed into the interactive,
mixed communities of the Information
Age, where all have the opportunity to
Live, Learn, Work, Play and Pray. The
freedom and stability that comes from
strengthening communities will prove
that Life truly Works.”
LifeWorks promoting
TM
innate human values
To gather
To congregate
To assemble
1960 - 1982 2001 - 2025?
FAMILIES weakening strengthening
CHILD NURTURE under protective overprotective
SOCIAL PRIORITY rising individualism rising community
Everytown, USA
Existing urban patterns
Transportation
Decentralize / Separate
Communication
Zoning
Space / Patterns
We create the space…
Space / environment
Creating more green space and shoreline
for all to enjoy
Enhancing Natural
Features Connecting
Community
Space / public realm
Indenture - aesthetic control and
protection of property value
Space / experience
Events, Memories, Traditions
Places of meaning
Three Springs at Shiloh:
Site Boundary
The Village Comprehensive
Plan recommends the
construction of a North-
South reliever through the
property from Frank Scott to
Lebanon Avenue, and an
East-West connector from
the new N-S reliever to
Greenmount Road.
Three Springs at Shiloh
Existing
Signal Existing
Signal
Proposed
Proposed Signal
Signal
Transportation Improvements
Three Springs at Shiloh
Preliminary Plan
30%
50%
20%
Three Springs at Shiloh
Preliminary Plan—Office
Office Space
at Three Springs
Office Space
At Three Springs
Success in Attracting Corporate Tenants
• WingHaven® (1,100 acres @ $750+ million)
– MasterCard Global Technology and Operations HQ, Everest/GLA
Network Technologies, Nordyne, Time-Warner Telecom, BJC, St.
Luke’s Hospital
• NorthPark (598 acres @ $500 million)
– Express Scripts, Vatterott College, Hilton Garden Inn
• Hazelwood Commerce Center (151 acres @ $225 million)
• Three Springs at Shiloh (331 acres @ $325 million)
Three Springs at Shiloh
Preliminary Plan—Retail
The Shops
at Three Springs
Three Springs at Shiloh
Preliminary Plan—Residential
The Homes
at Three Springs
The parkways
at Three Springs
Phase 1
at Three Springs
Phase 2
at Three Springs
Phase 3
at Three Springs
Residential Density
Proposed Property:
R-2 Zoning: 71 Homes @ 1.8/acre
R-3 Zoning: 116 Homes @ 2.3/acre
MR (TH) Zoning: 159 Homes @ 7.4/acre
MR Zoning: 240 Units @ 8.0/acre
Adjacent Property:
Indian Spring: 152 Homes @ 3.0/acre Proposed Property:
Ashford Farms: 152 Homes @ 2.7/acre
586 Homes on 278 acres = 2.1 Homes/acre
Meadowbrook: 73 Homes @ 2.7/acre
586 Homes on 141 acres = 4.15 Homes/acre
Tamarack Est.: 77 Homes @ 2.25/acre
Tamarack Woods: 176 Units @ 9.6/acre Adjacent Property:
630 Homes on 186 acres = 3.4 Homes/acre
Three Springs at Shiloh
Three Springs at Shiloh:
Public Improvements
• Total Value of Project: $325 Million
• Value of Public Improvements: $12 – 16.5 Million
• New Collector Streets & Traffic Signals $ 7 – 9 Million
• Sanitary Sewer Improvements $ 3 – 4 Million
• Storm Water Improvements $ 1.5 – 2.5 Million
• Water System Improvements $ 0.5 – 1 Million
Three Springs at Shiloh:
Estimated Economic Impact
• Total Economic Impacts
Direct & Indirect Impacts Avg. Annual in Year 2020
– Employment 3,500 Jobs
– Business Output $135 Million
– Employee Earnings $135 Million
– Property & Sales Taxes $10 Million
• Direct Economic Impacts
– Employment 2,300 Jobs
– Business Output $30 Million
– Employee Earnings $100 Million
– New Households’ Expenditures $10 Million
Three Springs at Shiloh
Existing Zoning
Three Springs at Shiloh
Proposed Zoning
Three Springs at Shiloh
Summary of Community Benefits
• Mixed-use synergies result in greater economic impact
• Neighborhood Design focuses on providing Common Green Space
• Indentures and Architectural Guidelines Boost and Protect Property Values
• Positive Impact on Shiloh Property Values
• Commercial Tax Base providing Excess Revenues for Schools & Village
• Improved Road Network Providing Alternative and Safer Routes
• Master Planned to Benefit each Member of the Community:
– Comprehensive and Sustainable Plan
– Phased Development to Manage Growth
– Balance of Jobs, Homes, and Social Spaces
– Housing and Lifestyle Choices for all Ages
• Enhances Shiloh’s “Way of Life:
– Quality construction and maintenance; walkable/bikeable neighborhoods; convenient
shopping/community services; trusted schools; recreational amenities; and social activities for the
entire community.
Three Springs at Shiloh
• Questions?