CONSCIOUS URBAN PLACEMAKING
Kronberg Wall is a boutique design practice,
formed by a multidisciplinary team with expertise in architecture, planning, urban design, policy making and real estate development.
We are contextual thinkers who consider the physical, social, and temporal conditions of the spaces we work on in a multifaceted approach to the creation of structures and spaces.
We create distinctive places where people’s experiences are as elevated as our architecture— a reflection of our sensitivity to every transition, from the geography of a project, to its role and place in its community, to the moments people spend inhabiting it.
WE ARE CONSCIOUS URBAN PLACEMAKERS
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WE ARE CONSCIOUS URBAN PLACEMAKERS ATLANTA NEIGHBORHOODS & MOBILITY
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MARTA RAIL LINE I -2
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WE ARE CONSCIOUS URBAN PLACEMAKERS ATLANTA NEIGHBORHOODS
THE BELTLINE
CANDLER PARK
SWEET AUBURN
LITTLE FIVE POINTS
GRANT PARK FARMERS MARKET
OLD FOURTH WARD PARK
FOX THEATRE
WE ARE CONSCIOUS URBAN PLACEMAKERS RECENT WORK
EDGEWOOD
SUMMERHILL
WEST MIDTOWN
ORMEWOOD PARK
GRANT PARK
DULUTH
OTTLEY
ARMOUR
WEST END
REYNOLDSTOWN
WE ARE CONSCIOUS URBAN PLACEMAKERS PROJECT TYPES
NEIGHBORHOOD ACTIVATORS
ADAPTIVE REUSE
PLACES OF ENCOUNTER TRANSFORMING PAST INTO FUTURE
PRESERVING CULTURE & HISTORY
URBAN INFILL
CURATING GREAT PLACES
URBAN PLANNING
RESIDENTIAL USE URBAN INFILL IBERVILLE OFFSITE REHABILITATION 2014 NATIONAL TRUST AWARD FOR EXCELLENCE IN HISTORIC PRESERVATION 2015 CONGRESS FOR THE NEW URBANISM GRAND PRIZE CHARTER AWARD 2016 SOUTHFACE FULCRUM AWARD
LA FRANCE WALK
2017 RUDY BRUNER AWARD SILVER MEDALIST
URBAN PLANNING
VE MASTER PLAN
uilding
truction
ruction Scope
2 story office
fice
fice
staurant / retail
d stand: cheesteaks, hotdogs
ail / restaurant
ntertainment: music venue, taurant, special events
estaurant: family friendly
/ mezzanine + warehouse: artist space
basement: multi-concept in eakeasy
etail: coffee and/or roaster,
ail / restaurant
etail + warehouse: tea house,
ail: ice cream, donuts, bakery,
estaurant / bar
ghborhood market: small sourced, grab-and-go
ce
ail / restaurant
ers are gross area
GEORGIA AVE REDEVELOPMENT
1607 BELLWOOD
MIXED USE URBAN INFILL - ATLANTA
THE ELWAY
INLAND TRACT
NEIGHBORHOOD ACTIVATORS
PARSONS ALLEY DULUTH
SUMMERHILL REDEVELOPMENT
ADAPTIVE REUSE - NEW ORLEANS
OC HALEY OFFICES AND CARRIAGE HOUSES
NEW ORLEANS JAZZ MARKET
ADAPTIVE REUSE - ALOCHOL BASED DEVELOPMENT
MONDAY NIGHT GARAGE
WESTSIDE REDEVELOPMENT
ADAPTIVE REUSE
ATLANTA URBAN DESIGN COMMISSION
BIG NERD OFFICE
KWA HQ
WE ARE CONSCIOUS URBAN PLACEMAKERS INCREMENTAL DEVELOPMENT Unit Program 1
1BR - First Fl.
1,024 SF
2
2BR - Second Fl.
1,024 SF
3
1BR (#1) - Second Fl.
512 SF
4
1BR (#2) - Second Fl.
512 SF
Common Area
617 SF
Residential Subtotal NR
Non-Residential Total
4F: NOI and Cap Rate Analysis
Area
3,689 SF
Static proforma Prepared July 2011 by Anderson|Kim
3
Project Costs Land Cost
2
0.72 Floor Area Ratio (FAR) formula: Building SF / Land SF
$51,072
Direct Construction Costs Indirect Construction Costs Construction Costs Subtotal
$414,720 $138,240 $552,960
Project Costs
$604,032
6,384 SF parcel
$8.00 per parcel SF $90 per building SF $30 per building SF $120 per building SF
8% of project costs 69% of project costs 23% of project costs 92% of project costs
4 Net Operating Income Revenue Assumptions:
919 SF 4,608 SF
19.9% of the building is non-residential. FHA mortgages allow for a maximum of 20% non-residential.
Rate
SF
monthly rent Annual Rent
#1: 1BR, First Flr. #2: 2BR, Second Flr. #3: 1BR, Second Flr. #4: 1BR, Second Flr. Common Area
$1.17 $1.17 $1.37 $1.37
1,024 1,024 512 512 617
$1,200 $1,200 $700 $700
$14,400 $14,400 $8,400 $8,400
Non-Residential (NNN)
$1.36
919
$1,250
$15,000
4,608
$5,050
$60,600
Total Building SF
Annual Rent
5%
Vacancy rate
$45,600
Subtotal: Potential Income from Residential
$60,600
Gross Potential Income (GPI)
3,030 $57,570
Gross Operating Income (GOI)
Annual Operating Expenses (Res. Only; Non-Res is NNN)
NR
Property management Accounting Legal Insurance; property and GL Real estate taxes maintenance & supplies Utilities; water, trash Contingency
1
5.00%
1.00%
subtotal
Operating Expenses as % of GOI
2,879 300 300 600 6,040 500 300 4,000 $14,919
(assumed at 5% of rents) NNN NNN NNN NNN NNN $14,919 $42,651
26%
Acquisition Cost/Project Cost
$604,032 7.06%
Net Operating Income (NOI) formula; GOI less Operating Expenses Cap Rate/ Cash on Cash return no leverage formula; NOI divided by the Acquisiton Cost
Cash Flow Acquisition Cost/Project Cost Down payment Assumes 30 year amorization. Monthly payment P&I
20%
604,032 120,806 483,226
5%
($2,594)
Annual NOI Annual Debt Service
42,651 (31,129)
Annual Cash Flow above debt service and operating expenses:
$11,522
Debt Sevice Coverage ratio:
1.37
9.5% pre-tax return on equity (down payment)
Annual depreciation @ 27.5 years $16,474 assumes 75% of project cost = value of improvements to land Key inputs in yellow
AK
ANDERSON|KIM architecture + urban design
234 West Third Street, Suite D Chico, California 95928-9424 (530) 892-9197 v|f info@andersonkim.com www.andersonkim.com
THE 4F: REVISED PLAN MAY 2012
0’
8’
16’
Key outputs in tan
“Form Follows Finance” Fourplex
Multifamily Housing for the New Economy
32’
2015 SMALL DEVELOPER BOOTCAMP
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887 Wylie St, Atlanta, GA 30316 • 404-653 -0553 www.kronbergwall.com @kronbergwall