Revitalization Commission Agenda and Packet 2022 06 01

Home Browse Search

ATTACHMENT #1 Louisville Revitalization Commission Application for Assistance Parties interested in assistance from the Louisville Revitalization Commission must provide the following information to be considered. Project Name: 950 Spruce Street / 725 Front Street Redevelopment Applicant Name: Split Mountain Commercial 4 LLC Main Contact: Ryan Rudolph (with copy to Erik Hartronft) Address: P.O. Box 1051, Boulder, CO 80306 Phone: 303-246-4109 Email: ryan splitmountain.com & erik(a-)_hapcdesign.com Project Location: 950 Spruce Street / 725 Front Street Name, Address & Phone of Property Owner of Project Location (if different than Applicant): Summary of Project: Project includes renovation of existing commercial structure for commercial and residential use and construction of new structure adjacent to the existing structure with parking accessed from the alley. The anticipated uses include retail and/or office space in 950 Spruce with up to 5 residential apartments above. The total above grade commercial space is 6,853gsf with 7,244gsf of residential space, and an additional 4,020gsf of space that could be commercial or residential use. Sitework for the project in the Right of Way includes reconstruction of sidewalks, curb and putter, and removal of parking lot drive pan, as well as utility work necessary for the new development. The City desires to extend the downtown streetscape including brick paving, street trees in tree prates and decorative street lights to extend east on Spruce Street beyond the alley adjacent to the project. The potential for EV charging station infrastructure adjacent to on -street parking is also being discussed. Estimated Total Cost of Project: $4.5 - $5.0 Million (not including land and holding costs) Summary of Request for Assistance: Applicant is seeking assistance for work in the public Right of Way, generally including sidewalks, curb and putter, alley pan, brick paving accents, street trees in tree prates, decorative street lights, cut and patch street and alley for utilities and extend adequate utilities onto the site including water, sanitary sewer and storm sewer, and provide adequate electrical power from offsite. Estimated Assistance Request: $ 277,348 Construction Cost (Breakdown of estimated construction costs is attached) $ 37,500 Est. Street Lights, Electrical for Xmas Lights, Street Tree Irrigation, EV Conduits $ 415,000 Estimated Underground Utility Cost Including Estimated Xcel Cost $ 87,582 Soft Costs (12% of const. incl. Professional Fees + Estimated city taxes & fees) $ 163,486 Contingency (a 20% $ 980,916 Total Estimated Cost included in Assistance Request Agenda Packet P. 20