HomeMy WebLinkAboutMemo - Mail Packet - 11/12/2014 - Memorandum From Bruce Hendee, Mike Beckstead And Karen Cumbo Re: Foothills Mall 3Rd Quarter 2014 UpdateCONFIDENTIAL
MONTHLY REPORT
5 7 5 0 D T C P a r k w a y , S u i t e 2 1 0 G r e e n w o o d V i l l a g e , C O 8 0 1 1 1
Foothills
Prepared for: The City of Fort Collins
Disclaimer: This document is confidential and intended for its recipients only. Do not reproduce, distribute or
use the contents of this document without the express consent of its owners Walton Foothills Holdings VI, LLC.
September
‘14
Walton Foothills Holdings VI, LLC
5750 DTC Parkway, Suite 210
Greenwood Village, Colorado 80111
Phone: 303.771.4004
Web: www.albdev.com
Foothills MONTHLY REPORT
Ft. Collins, CO September 2014
P
TABLE OF CONTENTS
I. DEVELOPMENT SUMMARY 1
CONSTRUCTION UPDATE 1
WASTE DIVERSION PROGRAM 2
DESIGN AND PERMITTING UPDATE 2
TENANT IMPROVEMENTS AND RELOCATIONS 2
COSTS 2
EXHIBITS:
Exhibit 1: Aerial Photos 3
Exhibit 2: Construction Progress Photos 4
Exhibit 3: Site Plan 5
Exhibit 4: Milestone Schedule 6
Exhibit 5: Metro District Draw Summary 7
Foothills MONTHLY REPORT
Ft. Collins, CO September 2014
P Page 1
I. Development Summary
Construction Update
Construction continues in earnest and remains on schedule for completion in Fall 2015. Significant progress has
been made on the mall north/south concourse renovation, with completion above 12 feet and scaffold removal
for the north concourse scheduled for late November 2014. Caissons are being drilled for the parking garage,
with anticipated completion in October 2014, and the theater foundation work has commenced.
New guest restrooms will be completed October 2014.
The Sears new construction (Block 16) is turned over to tenant.
The Foothills Activity Center is in final design phases with pricing underway. Construction commences this fall
with completion of October 2015.
Meetings with The City of Fort Collins and CDOT regarding the Pedestrian Underpass have occurred to finalize
the 7’4” design approvals. Construction is scheduled to commence this fall with completion in the Summer of
2015.
The Phase I Storm water outfall is currently under construction.
The Phase II site work scope includes the theater and garage site work underground, which will occur between
July 2014 and September 2014. The Sears (Block 16) site work is in progress and is scheduled to be completed
by September 2014. The south expansion site work is anticipated to start November 2014 and be completed by
November 2015 with the final planting happening in the spring of 2016.
The Larimer County Irrigation Canal No. 2 has been relocated and water is flowing. The landscaping is
complete.
The Main Mall Entrance is shut down and the temporary entrance has been open since the beginning of summer
2014.
Demolition and Deconstruction
Bank building – complete
Youth Activity Center – complete
Goodyear building – demolition to commence October 2014
Mall N/S Concourse ceiling – in progress
Corner Bakery – complete
Mall Phase 2 – in progress
Mall Phase 3 – demolition to commence October 2014
Existing Sears – demolition to commence October 2014
Site Work Demolition Phase 1 & 2- complete
Site Work Demolition Phase 5- to start in September 2014
ARC Building- in progress
Shops being abated- demolition to commence in October 2014
Foothills MONTHLY REPORT
Ft. Collins, CO September 2014
page 2
Waste Diversion Program
From January through August 2014, 26,502 tons of demolition waste has been diverted from the landfill. The
overall waste diversion rate for the project in August was 87%. According to a 2012 EPA study, Americans
generated approximately 4.38 pounds of trash per person per day. Therefore, the amount of demo waste
diverted to date is equivalent to what 12,101,370 people would throw away on a daily basis.
Design and Permitting Update
The block 13B Theater and Garage permits have been issued. Block 12, 13A, 1J, and 1H permits are anticipated
to be issued in October/November 2014. Balance of Lot 1 (mall) has been permitted (excluding the south mall
and 1B).
FDP 3 and DA 3 have been recorded with Larimer County.
Construction on the parking garage has begun.
Block 13B (New Chico’s building) is in progress, with anticipated core and shell completion in December 2014.
Tenant Improvements and Relocations
There are also several Tenants who moved to temporary locations and Tenants who had storefront modification
work done in order to accommodate the Asbestos Abatement Program and continuing mall renovation.
The Buckle: They opened in their new permanent location on 5/1/14.
Victoria Secret: They are currently in a temporary location, which opened 5/9/14.
Bath and Body Works: They opened in their temporary location 1/31/14.
GNC: They opened in their temporary location 5/9/14.
Hot Topic: They opened in their temporary location 4/25/14.
Zale’s: They opened in their temporary location 6/2/14.
Costs
The Total Cost to Date for the project is $90,316,399.76. Additionally, the Total Metro District Approved Cost
to Date is $16,468,500 (See Exhibit 5, included herein).
Foothills MONTHLY REPORT
Ft. Collins, CO September 2014
page 3
Exhibit 1: Aerial Photos
Foothills MONTHLY REPORT
Ft. Collins, CO September 2014
page 4
Exhibit 2: Construction Progress Photos
October 3, 2014: Theater
October 3, 2014: Block 16 (Sears)
October 3, 2014: Block 16 (Sears) Turn Lane
October 3, 2014: New Bathrooms
October 3, 2014: Mall Concourse Construction
October 3, 2014: Mall Demolition
October 3, 2014: Lot 12
October 3, 2014: Parking Garage
October 3, 2014: ARC Demolition
October 3, 2014: 13b
Foothills MONTHLY REPORT
Ft. Collins, CO September 2014
page 5
Exhibit 3: Site Plan
Foothills MONTHLY REPORT
Ft. Collins, CO September 2014
page 6
Exhibit 4: Milestone Schedule
Foothills MONTHLY REPORT
Ft. Collins, CO September 2014
page 7
Exhibit 5: Metro District Draw Summary
Table 1
Public Improvement Spend Status
Foothills Mall Redevelopment
8/31/2014
Eligible Improvements
Original
Amount Transfer Net Amount Spent Reimbursed Balance
Land Acquisition $ 5,500,000 $ - $ 5,500,000 $ 5,500,000 $ - $ 5,500,000
Parking Structure $ 11,293,999 $ - $ 11,293,999 $ 405,589 $ - $ 11,293,999
Demolition/Abatement $ 2,453,030 $ - $ 2,453,030 $ 1,100,114 $ - $ 2,453,030
Furniture, Fixture, & Amenities $ 2,737,101 $ - $ 2,737,101 $ - $ - $ 2,737,101
Foothills Activity Center $ 4,800,000 $ - $ 4,800,000 $ - $ - $ 4,800,000
Pedestrian Crossing / Culvert $ 3,000,000 $ - $ 3,000,000 $ 1,337,986 $ - $ 3,000,000
Relocation of Larimer Canal No. 2 $ 3,067,964 $ - $ 3,067,964 $ 2,764,008 $ - $ 3,067,964
Site Work $ 11,773,480 $ - $ 11,773,480 $ 1,414,297 $ - $ 11,773,480
Utilities $ 5,444,951 $ - $ 5,444,951 $ 3,141,348 $ - $ 5,444,951
Soft Costs $ 2,929,475 $ - $ 2,929,475 $ 805,158 $ - $ 2,929,475
Total $ 53,000,000 $ - $ 53,000,000 $ 16,468,500 $ - $ 53,000,000
Source: City of Fort Collins; Walton Foothills Holdings IV, LLC
Materials/Destination Tons
Concrete 9,409.1
Alpine 2,217.0
Barker Construction 3,659.0
Bivens 20.2
City of Fort Collins 270.5
J-2 Contracting Company 18.9
Jake Kauffman & Sons 203.9
Larimer County Landfill 1,840.1
Milliken 286.0
Connell Resources 890.4
Rocky Mountain Recycling 3.1
Metal 1,169.1
CO Iron & Metal 823.4
Milliken 24.0
Rocky Mountain Recycling 321.6
Trash 3,887.8
Larimer County Landfill 3,777.7
Weld County Landfill 86.4
Buffalo Ridge Landfill 6.8
Rocky Mountain Recycling 17.0
Wood 1,193.0
Alpine 771.4
Hageman's Earthcycle 231.7
Milliken 168.0
Ryan Baldwin 21.6
Stored On-site 0.4
Cardboard 6.4
Larimer County Recycle Center 6.4
Drywall 10.8
Weld County Landfill 10.8
Asphalt 6,454.6
ARS companies 2,857.2
Barker Construction 320.0
City of Fort Collins 1,704.2
Connell Resources 1,573.2
Dirt 8,259.3
Barker Construction 2,155.0
City of Fort Collins 3,210.2
New Res. Dev on Zeigler & Drake 2,892.0
Rocky Mountain Recycling 2.2
Grand Total 30,390.2
Total Waste Diverted (tons): 26,502
Total Trash
¥¥
(tons): 3,888
¥¥¥
Numbers may vary slighting due to rounding.
¥¥
In these reports, "trash" is referring to the waste materials that
were landfilled.
¥
See appendix for a more detailed breakdown of waste diversion
rates.
Foothills Mall Waste Diversion Report
Diversion Rate of Concrete, Rock,
Asphalt, Dirt, Bricks, & Metal: 100%
Overall Waste Diversion through August 2014
Waste Diversion Summary
Overall Waste Diversion Rate
¥¥
Asbestos fibers can be crumbled, pulverized or powdered by hand pressure. If a friable ACM is damaged or disturbed it presents an
inhalation risk because asbestos fibers are more easily released into the air
Total Non-Friable ACM
¥
to date: 2071 tons | Any materials that have been identified as Asbestos Containing
Materials (ACM) during the abatement process are excluded from the waste diversion rates, per City of Fort Collins Waste
Management Code & LEED certification standards.
¥
Asbestos fibers are bound or locked into the product matrix, the fibers are not readily released
Total Friable ACM
¥¥
to date: 222 tons | Any materials that have been identified as Asbestos Containing Materials
(ACM) during the abatement process are excluded from the waste diversion rates, per City of Fort Collins Waste Management
Code & LEED certification standards.
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
20000
February March April May June July August
Waste by Month (Tons)
Concrete Metal Trash Wood Cardboard Drywall Asphalt Dirt
Page 2 of 11
Month August
Material/Destination Tons
Asphalt 1,573.2
Connell Resources 1,573.2
Cardboard 2.0
Larimer County Recycle Center 2.0
Concrete 908.5
Barker Construction 15.0
Connell Resources 890.4
Rocky Mountain Recycling 3.1
Dirt 92.2
Barker Construction 90.0
Rocky Mountain Recycling 2.2
Drywall 4.5
Weld County Landfill 4.5
Metal 331.6
CO Iron & Metal 10.0
Rocky Mountain Recycling 321.6
Trash 1,314.5
Larimer County Landfill 1,271.7
Weld County Landfill 25.8
Rocky Mountain Recycling 17.0
Wood 5.9
Hageman's Earthcycle 5.9
Grand Total 4,232.3
Total Trash¥¥ (tons): 1,314
¥ A more detailed breakdown of waste diversion is included in the appendix.
¥¥ In these reports, "trash" is referring to the waste materials that were landfilled.
Total Waste Diverted (tons): 2,918
Foothills Mall Waste Diversion Report
August 2014
Summary of Waste for Reporting Period
Overall Waste Diversion Rate¥: 69%
Asphalt
22.06%
Cardboard
0.01%
Concrete
30.78%
Dirt
36.14%
Drywall
0.03%
Metal
1.29%
Trash
5.04%
Wood
4.65%
Waste Material by Weight
Institute for the Built Environment Page 3 of 11
¥ See appendix for site map and building identification nomenclature.
Observations
A representative from Institute for the Built Environment
visited the site once and walked with Beck’s Project
Engineer in mid-August 2014. Below are observations
noted during this site walk.
• Alpine finished their scope of work in mid-July;
demolition activities are now being handled by
American Demolition. Beck's project engineer
commented that American has been operating on-
schedule and that communication, coordination, and
reporting has been efficient and smooth.
• Demolition has continued on building M¥ (sorted metal
visible in site photos). Building CB is now completely
demolished and all waste and recyclables have been
removed. Demolition of building ES is on hold in order
to expedite demolition of Building M. See appendix for
photographs.
• New construction on Building TM has progressed; there
are currently four walls and exterior finishes; new
concrete curb and gutter have been constructed.
• Significant earthwork on Building MV has taken place in
preparation for pouring the concrete slab that will
support the new parking garage.
• Bathroom construction has begun inside the mall. See
appendix for photographs.
• Asbestos abatement has continued as scheduled in
Building M. The abatement company has removed
both friable and non-friable asbestos and is currently
preparing manifests for friable asbestos. All manifests
will be reviewed by Beck and IBE.
• During the site visit, the roll-off dumpsters had cross-
contamination due to public disposing personal trash
in the roll-offs nearest the fence. Beck is aware of the
issue and addresses it daily by having laborers go
through each dumpster at the beginning and end of
the day to sort and dispose of the materials properly.
Beck may also consider placing the trash roll-off
dumpster against the fence to minimize cross-
contamination.
• Beck is proactively addressing ongoing erosion control
issues related to the unusually high amount of rainfall
by installing erosion control measures such as silt
fencing, straw wattles, and gravel vehicle pads for
vehicles going in and out of the site.
Institute for the Built Environment Page 4 of 11
Foothills Mall Waste Diversion Report
Appendix
Site Map & Building Identification Nomenclature
Building
Identifier
Approximate
Demolition Start
Date
Building
Identifier
Approximate
Demolition Start
Date
M April-14 RA September-14
TM April-14 GY September-14
PL May-14 S October-14
Y May-14 CH April-15
TL June-14 X April-15
MV June-14 CM November-15
ES June-14 C Mar-16
CB July-14
Page 5 of 11
Foothills Mall Waste Diversion Report
Appendix
Site Walk Photo Log
Continued demolition on Building M
Page 6 of 11
New construction on Building TM
Page 7 of 11
Curb and gutter construction at Building TM
Page 8 of 11
New construction in Building M bathroom
Page 9 of 11
Grading for new parking garage slab
Page 10 of 11
Tons Tons
Recyclables 26,502.33 "All Other" 1,210.25
Asphalt 6,454.63 Cardboard 6.40
Cardboard 6.40 Drywall 10.81
Concrete 9,409.05 Wood 1,193.04
Dirt 8,259.34 Trash 3,887.83
Drywall 10.81 Trash 3,887.83
Metal 1,169.06 Grand Total 5,098.08
Wood 1,193.04
Trash 3,887.83
Trash 3,887.83
Grand Total 30,390.15
Overall Diversion Rate 87%
Tons Tons
Recyclables 2,917.81 "All Other" 12.35
Asphalt 1,573.20 Cardboard 2.00
Cardboard 2.00 Drywall 4.45
Concrete 908.50 Wood 5.90
Dirt 92.17 Trash 1,314.45
Drywall 4.45 Trash 1,314.45
Metal 331.60 Grand Total 1,326.80
Wood 5.90
Trash 1,314.45
Trash 1,314.45
Grand Total 4,232.26
Overall Diversion Rate 69%
¥
Late July entries have been included and are reflected in
the overall diversion rates
Diversion of All Other
Materials for Project to Date 1%
Foothills Mall Waste Diversion Report
Diversion of All Other Materials for
Reporting Period - August
Overall Diversion Rate for Project
to Date
¥
Overall Diversion Rate for
Reporting Period - August
Diversion of All Other Materials for Project
to Date
Appendix
Summary of Project Diversion Rates
Diversion of All Other
Materials for Project to Date 24%
Page 11 of 11
FOOTHILLS REQUISITIONS
Eligible Improvements
Original Authorized
Amount of Eligible
Cost
Re-Allocated
Amount of
Eligible Costs
Requested
Disbursement
Amount
Document
Confirmation
Requested
Disbursement
Amount
Document
Confirmation
Total Amount
Previously Disbursed
(not including this
requisition)
Total Amount of
Authorization
Applied (inlcuding
this requisition)
Total Amount of
Authorized Eligible
Costs Remaining
Draw #1 Draw #2
Land Acquisition $ 5,500,000 $ 5,500,000 $ 5,500,000
Fidelity National Title
Settlement Statement $ - $ 5,500,000 $ 5,500,000 $ -
Parking Structure $ 9,600,000 $ 11,293,999 $ - $ 202,794
Baker Concrete Pay
App. #1 $ - $ 202,794 $ 11,091,205
Demolition/Abatement $ 3,900,000 $ 2,453,030 $ 1,116,303
Pay Applications &
Lien Waivers $ (8,094)
Retainage Held
back from Draw 1 $ 1,116,303 $ 1,108,209 $ 1,344,821
Furniture, Fixture & Amenities $ 1,400,000 $ 2,737,101 $ - $ - $ - $ - $ 2,737,101
Foothills Activity Center $ 4,800,000 $ 4,800,000 $ - $ - $ - $ - $ 4,800,000
Pedestrian Crossing/Culvert $ 3,000,000 $ 3,000,000 $ 1,469,494
Pay Applications &
Lien Waivers $ (65,754)
Retainage Held
back from Draw 1 $ 1,469,494 $ 1,403,740 $ 1,596,260
Relocation of Larimer County Canal No. 2 $ 2,800,000 $ 3,067,964 $ 2,752,196
Pay Applications &
Lien Waivers $ 5,906
Belair Excavating
Pay Apps and Lien
Waivers $ 2,752,196 $ 2,758,102 $ 309,862
Site Work $ - $ -
Earthwork $ 2,300,000 $ 3,455,852 $ 376,628
Pay Applications &
Lien Waivers $ 472,648
Belair Excavating
Pay Apps and Lien
Waivers $ 376,628 $ 849,276 $ 2,606,576
Site Walls $ 700,000 $ 1,173,519 $ - $ 1,522
Belair Excavating
Pay Apps and Lien
Waivers $ - $ 1,522 $ 1,171,997
Asphalt Paving $ 2,500,000 $ - $ - $ - $ - $ - $ -
Striping & Signage $ 300,000 $ 1,295,534 $ - $ - $ - $ - $ 1,295,534
Curb & Gutter $ 500,000 $ - $ - $ - $ - $ - $ -
Sidewalks $ 1,500,000 $ 1,331,717 $ - $ 44,664
Coloscapes Pay
App. #5 $ - $ 44,664 $ 1,287,053
Landscaping/Irrigation $ 600,000 $ 3,600,000 $ - $ - $ - $ - $ 3,600,000
East Lawn - Landscaping & Irrigation $ 2,100,000 $ - $ - $ - $ - $ - $ -
East Lawn - Sidewalks/Hardscapes $ 300,000 $ - $ - $ - $ - $ - $ -
West Lawn - Landscaping & Irrigation $ 900,000 $ - $ - $ - $ - $ - $ -
West Lawn - Sidewalks/Hardscapes $ 100,000 $ - $ - $ - $ - $ - $ -
Tree Salvage/Storage/Mainatenance Replant $ 300,000 $ 311,405 $ - $ - $ - $ - $ 311,405
Off-Site Work Asphalt Patching $ 200,000 $ 239,101 $ - $ - $ - $ - $ 239,101
Off-Site Work Signals.Right Turn Lanes $ 600,000 $ 366,352 $ - $ - $ - $ - $ 366,352
Utilities $ - $ -
Sanitary Sewer $ 800,000 $ 769,405 $ 150,987
Pay Applications &
Lien Waivers $ 38,970
Belair Excavating
Pay Apps and Lien
Waivers $ 150,987 $ 189,957 $ 579,448
Storm Water $ 2,000,000 $ 2,825,305 $ 1,195,574
Pay Applications &
Lien Waivers $ 498,873
Belair Excavating
Pay Apps and Lien
Waivers $ 1,195,574 $ 1,694,447 $ 1,130,858
Water $ 1,000,000 $ 1,098,241 $ 572,877
Pay Applications &
Lien Waivers $ 84,193
Belair Excavating
Pay Apps and Lien
Waivers $ 572,877 $ 657,070 $ 441,171
Fire Water $ 700,000 $ 752,000 $ 24,189
Pay Applications &
Lien Waivers $ (23,176)
Retainage Held
back from Draw 1 $ 24,189 $ 1,013 $ 750,987
Soft Costs $ - $ -
Parking Structure A&E $ 700,000 $ 569,875 $ 1,750 Invoice from SEM $ - $ 1,750 $ 1,750 $ 568,125
FAC A&E $ 300,000 $ 300,000 $ - $ - $ - $ - $ 300,000
Engineering $ 1,300,000 $ 799,600 $ 730,599
RA Smith Invoices
and Lien Waivers $ - $ 730,599 $ 730,599 $ 69,001
Environmental/Abatement Management $ 1,300,000 $ 510,000 $ - $ - $ - $ - $ 510,000
Materials Testing & Geotechnical $ 600,000 $ 350,000 $ 72,809
Ground Engineering
Invoices $ - $ 72,809 $ 72,809 $ 277,191
Fort Collins URA $ 400,000 $ 400,000 $ - $ - $ - $ - $ 400,000
TOTAL COSTS $ 53,000,000 $ 53,000,000 $ 13,963,406 $ 1,252,546 $ 13,963,406 $ 15,215,952 $ 37,784,048
¥
: 87%
Concrete
30.96%
Metal
Trash 3.85%
12.79%
Wood
3.93%
Cardboard
0.02% Drywall
0.04%
Asphalt
21.24%
Dirt
27.18%
Waste Material by Weight
Page 1 of 11