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HomeMy WebLinkAboutMemo - Mail Packet - 8/30/2016 - Memorandum From Jeff Mihelich, Mike Beckstead And Laurie Kadrich Re: Foothills Mall 2Nd Quarter 2016 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. June ‘16 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 June 2016 P TABLE OF CONTENTS I. DEVELOPMENT SUMMARY 1 CONSTRUCTION UPDATE 1 DEMOLITION AND DECONSTRUCTION 1 WASTE DIVERSION PROGRAM 1 CRITICAL ISSUES 1 COSTS 1 EXHIBITS: Exhibit 1: Aerial Photos 2 Exhibit 2: Construction Progress Photos 3 Exhibit 3: Site Plan 4 Exhibit 4: Milestone Schedule 5 Exhibit 5: Metro District Draw Summary 6 Foothills MONTHLY REPORT Ft. Collins, CO June 2016 page 1 I. Development Summary Construction Update Phase I of the project is substantially complete with the exception of Block 1F (Bad Daddy’s). South mall expansion is complete. We are evaluating the impact of The Sports Authority bankruptcy on the opening date of the of the south mall expansion. The parking garage is completed and a TCO has been issued. Ownership of the FAC has transferred to the City and the FAC is currently open to the Public. Cinemark, Ross, Nordstrom Rack, Bath and Body, Victoria Secret, Bar Louie, Vans, Finish Line, Gymboree, Zales, Rocky mountain Chocolate, Verizon, Smashburger, Grimaldis, Longhorn, Matador, CB & Potts, The Melt, Zoe’s Kitchen, Snappy Nails and H&M have all opened. Torches Taco, Ulta, Sketchers, Sprint, Auntie Anne’s, Smokin’ Fins and Bad Daddy’s Burgers are scheduled to open later this year. The Larimer County Irrigation Canal No. 2 has been relocated and water is flowing. The landscaping is complete. CDOT and the City have conceptually approved the final design for the Pedestrian Crossing which has been submitted to both for final approval. Construction is anticipated to commence July 2016 and complete November 2016. Demolition and Deconstruction All deconstruction is complete, Christy’s Sports was just removed and pad prep has begun for 14A. Waste Diversion Program From January 2014 through March 2016, 72,721 tons of demolition waste has been diverted from the landfill. The overall waste diversion rate for the project in March was 72%. 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 33,205,937 people would throw away on a daily basis. Critical Issue List  Finalization of the underpass design by CDOT, cost, schedule Costs The Total Cost to Date for the project is $246,752,615.68. Draw 22 in the amount of $181,544 was submitted 7/1/2016. Pending the approval of Draw 22, the Total Metro District Reimbursed Cost to Date will total $50,871,508 (See Exhibit 5, included herein). Foothills MONTHLY REPORT Ft. Collins, CO June 2016 page 2 Exhibit 1: Aerial Photos Foothills MONTHLY REPORT Ft. Collins, CO June 2016 page 3 Exhibit 2: Construction Progress Photos June 2016: Block 14A June 2016: Foothills Parkway Landscape and Asphalt June 2016: Foothills Parkway Landscape and Asphalt June 2016: Foothills Parkway Landscape June 2016: Sand Filter 2 Landscape June 2016: Sand Filter 5 Landscape June 2016: Macy’s Parking Lot June 2016: Stanford Road Concrete Pan Foothills MONTHLY REPORT Ft. Collins, CO June 2016 page 4 Exhibit 3: Site Plan 20 CY 40 CY 40 CY 20 CY COMPACTOR OPERATOR 20 CY 40 CY 40 CY T REMROFSNART T REMROFSNART COMPACTOR OPERATOR 20 CY COMPACTOR OPERATOR 20 CY 40 CY 40 CY T REMROFSNART T REMROFSNART COMPACTOR OPERATOR 20 CY COMPACTOR OPERATOR 20 CY 40 CY 40 CY T REMROFSNART T REMROFSNART COMPACTOR OPERATOR 215 335 205 3050 225 175 341 185 195 190 3120 3100 351 347 321 3400 327 3280 3260 170 3300 Foothills MONTHLY REPORT Ft. Collins, CO June 2016 page 5 Exhibit 4: Milestone Schedule Activity Name Start Finish Foothills Mall Expansion 15-May-14 A 30-Aug-16 Main Mall 15-May-14 A 03-Jun-16 E-W CONCOURSE & WEST EXPANSION START 16-Jun-14 A MALL INTERIOR RENOVATION SUBSTANTIALLY COMPLETE 25-Mar-16 A Mall DCP 3C 05-Jan-15 A 03-Jun-16 MACY'S CONCOURSE START 05-Jan-15 A MACY'S CONCOURSE SUBSTANTIALLY COMPLETE 25-Mar-16 A WEST MALL EXPANSION (north GL8-13) COMPLETE 20-May-16* EAST MALL SKIN COMPLETE 01-Jun-16* WEST MALL EXPANSION (south GL8-13) COMPLETE 03-Jun-16* Mall DCP 3A 15-May-14 A 12-Dec-14 A NORTH CONCOURSE START 15-May-14 A SOUTH CONCOURSE START 30-Jun-14 A NORTH CONCOURSE SUBSTANTIALLY COMPLETE 26-Nov-14 A SOUTH CONCOURSE SUBSTANTIALLY COMPLETE 12-Dec-14 A South Expansion 03-Apr-15 A 29-Feb-16 A START CONSTRUCTION - DCP 11 03-Apr-15 A START CONSTRUCTION - DCP 11B 01-May-15 A DCP 11B SUBSTANTIALLY COMPLETE 28-Jan-16 A DCP 11 SUBSTANTIALLY COMPLETE 29-Feb-16 A North College Shops 16-Dec-14 A 23-Aug-15 A Block 12 (Nordstrom Rack) 16-Dec-14 A 01-Jun-15 A START CONSTRUCTION - BLK 12 16-Dec-14 A BLOCK 12 (nordstrom's rack) TENANT TURNOVER 01-Jun-15 A Block 13A 01-Jun-15 A 01-Jun-15 A BLOCK 13A C&S FC CERTIFICATE OF COMPLETION 01-Jun-15 A Block 13B (Chico's) 09-Mar-15 A 09-Mar-15 A BLOCK 13B C&S FC CERTIFICATE OF COMPLETION 09-Mar-15 A Block 19 (Ross) 26-Jan-15 A 23-Aug-15 A START CONSTRUCTION - BLK 19 26-Jan-15 A BUILDING SUBSTANTIALLY COMPLETE - BLK 19 20-Jul-15 A BLOCK 19 FINAL COMPLETION 23-Aug-15 A Block 18 15-Feb-15 A 15-Feb-15 A BLOCK 18 C&S FC CERTIFICATE OF COMPLETION 15-Feb-15 A South College Shops 12-Sep-14 A 31-Oct-15 A Block 14B 13-Apr-15 A 31-Oct-15 A BLOCK 14B - PAD READY 13-Apr-15 A BLOCK 14B C&S FC CERTIFICATE OF COMPLETION 31-Oct-15 A Block 15 02-Mar-15 A 15-Aug-15 A BLOCK 15 - PAD READY 02-Mar-15 A FOOTHILLS MALL MASTER SCHEDULE - 18-May-16 Project ID:167249.10-16.05.18 Layout:OWNER MILESTONE REPORT Data Date18-May-16 Run Date:23-May-16 Finish Date:05-May-17 Page 1 of 2 Activity Name Start Finish BLOCK 15 C&S FC CERTIFICATE OF COMPLETION 15-Aug-15 A Block 16 12-Sep-14 A 12-Sep-14 A BLOCK 16 SUBSTANTIALLY COMPLETE 12-Sep-14 A Block 17 03-Aug-15 A 03-Aug-15 A BLOCK 17 - PAD READY 03-Aug-15 A West Lawn Shops 30-Apr-15 A 15-Jun-16 Block 10 (CB & Potts) 30-Apr-15 A 04-Mar-16 A START CONSTRUCTION - BLK 10 30-Apr-15 A BLOCK 10 (CB & Potts) C&S FC CERTIFICATE OF COMPLETION 04-Mar-16 A Block 9A 25-Sep-15 A 15-Jun-16 START CONSTRUCTION - BLK 9A 25-Sep-15 A BLOCK 9A C&S FC CERTIFICATE OF COMPLETION 15-Jun-16 Block 9B 23-Jul-15 A 08-Jun-16 START CONSTRUCTION - BLK 9B 23-Jul-15 A BLOCK 9B C&S FC Temporary CERTIFICATE OF COMPLETION 21-Apr-16A East Lawn Shops 09-Mar-15 A 30-Aug-16 Block 1E/1F 20-Apr-15 A 30-Aug-16 START CONSTRUCTION - BLK 1E/1F 20-Apr-15 A BLOCK E&F CORE/SHELL SUBSTANTIAL COMPLETION 12-Jul-16 BLOCK 1E/1F C&S FC CERTIFICATE OF COMPLETION 30-Aug-16 Block 1G 11-Mar-15 A 13-Jun-16 START CONSTRUCTION - BLK 1G 11-Mar-15 A BLOCK 1G READY FOR TI 05-Oct-15 A BLOCK 1G C&S FC CERTIFICATE OF COMPLETION 13-Jun-16 Block 1H 09-Mar-15 A 25-May-16 START CONSTRUCTION - BLK 1H 09-Mar-15 A BLOCK 1H READY FOR TI 28-Sep-15 A BLOCK 1H C&S FC CERTIFICATE OF COMPLETION 25-May-16 Block 1J 16-Mar-15 A 01-Jun-16 START CONSTRUCTION - BLK 1J 16-Mar-15 A BLOCK 1J READY FOR TI 11-Sep-15 A BLOCK 1J C&S FC CERTIFICATE OF COMPLETION 01-Jun-16 Parking Garage 01-Apr-16 A 01-Apr-16 A PARKING GARAGE SUBSTANTIALLY COMPLETE - BLK 8 01-Apr-16 A Theater 16-Oct-15 A 29-Oct-15 A THEATER TEMPORARY CERTIFICATE OF OCCUPANCY 16-Oct-15 A THEATER GRAND OPENING 29-Oct-15 A FAC 08-Feb-16 A 24-May-16 SUBSTANTIAL COMPLETION/TCO - FAC 08-Feb-16 A FAC FINAL COMPLETION 24-May-16* Project ID:167249.10-16.05.18 Layout:OWNER MILESTONE REPORT Data Date18-May-16 Run Date:23-May-16 Finish Date:05-May-17 Page 2 of 2 Foothills MONTHLY REPORT Ft. Collins, CO June 2016 page 6 Exhibit 5: Metro District Draw Summary Table 1 Public Improvement Spend Status Foothills Mall Redevelopment 6/30/2016 Eligible Improvements Budget Per 2nd Amend Transfer Revised Budget Spent Reimbursed as of June - 16 Balance Land Acquisition $ 5,500,000 $ - $ 5,500,000 $ 5,500,000 $ 5,500,000 $ - Parking Structure $ 11,293,999 $ - $ 11,293,999 $ 11,293,998 $ 11,293,998 $ 1 Demolition/Abatement $ 2,453,030 $ - $ 2,453,030 $ 2,453,030 $ 2,453,030 $ - Furniture, Fixture, & Amenities $ 2,737,101 $ - $ 2,737,101 $ 2,737,095 $ 2,737,095 $ 6 Foothills Activity Center $ 4,800,000 $ - $ 4,800,000 $ 4,800,000 $ 4,800,000 $ - Pedestrian Crossing / Culvert $ 3,000,000 $ - $ 3,000,000 $ 1,420,021 $ 1,420,021 $ 1,579,979 Relocation of Larimer Canal No. 2 $ 3,067,964 $ - $ 3,067,964 $ 2,883,049 $ 2,883,049 $ 184,915 Site Work $ 10,845,249 $ - $ 10,845,249 $ 10,628,046 $ 10,628,046 $ 217,203 Utilities $ 6,373,182 $ - $ 6,373,182 $ 6,373,182 $ 6,373,182 $ (0) Soft Costs $ 2,929,475 $ - $ 2,929,475 $ 2,783,087 $ 2,783,087 $ 146,388 Total $ 53,000,000 $ - $ 53,000,000 $ 50,871,508 $ 50,871,508 $ 2,128,492 Source: City of Fort Collins; Walton Foothills Holdings IV, LLC Materials/Destination Tons Concrete 28,652.4 Alpine 2,217.0 Barker Construction 15,764.8 Bivens 54.4 City of Fort Collins 1,699.9 Heimbuck Disposal 90.4 J‐2 Contracting Company 18.9 Jake Kauffman & Sons 621.3 Milliken 286.0 Connell Resources 5,240.4 Rocky Mountain Recycling 3.1 American Demo Yard 74.2 ADI 649.3 Barker Construction 92.8 Larimer County Landfill, Beneficial Second1840.1 Metal 2,685.2 Barker Construction 268.5 Heimbuck Disposal 11.2 Milliken 24.0 Connell Resources 340.2 Rocky Mountain Recycling 757.5 Aragon 245.4 ADI 8.2 Colorado Iron & Metal, Inc. 997.1 Rocky Mountain Recycling 33.0 Trash 28,938.7 Larimer County Landfill 25,444.9 Buffalo Ridge Landfill 11.0 Weld County Landfill 3408.2 Rocky Mountain Recycling 17.0 BFI Landfill 53.7 Laramie Landfill 4.0 Wood 1,305.5 Alpine 771.4 Hageman's Earthcycle 340.7 Milliken 168.0 Ryan Baldwin 21.6 Stored On‐site 0.4 Jordans Tree Service 3.5 Cardboard 105.8 Foothills Mall Waste Diversion Report Diversion Rate of Concrete, Rock, Asphalt, Dirt, Bricks, & Metal: 100% Overall Waste Diversion through June 2016 Waste Diversion Summary Overall Waste Diversion Rate ¥ : 72% Total Waste Diverted (tons): 75,796 Total Trash ¥¥ (tons): 28,939 ¥¥¥ 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 Larimer County Recycle Center 105.8 Drywall 93.0 North Weld Landfill, Beneficial Secondary93.0 Asphalt 21,326.7 ARS companies 2,857.2 Barker Construction 7,141.0 City of Fort Collins 5,049.3 Stored On‐site 3356.7 Connell Resources 2,922.6 Dirt 21,626.9 Barker Construction 14,731.0 City of Fort Collins 3,959.9 Larimer County Landfill 41.9 New Res. Dev on Zeigler & Drake 2,892.0 Rocky Mountain Recycling 2.2 Trash ‐ Non Recyclable 848.5 Larimer County Landfill 797.6 Tower Landfill 51.0 Grand Total 105,582.8 ¥ Asbestos fibers are bound or locked into the product matrix, the fibers are not readily released Total Non‐Friable ACM ¥ to date: 2371 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. Total Friable ACM ¥¥ to date: 223 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 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 0 500 1000 1500 2000 2500 3000 3500 4000 4500 5000 Waste by Month (Tons) Concrete Metal Trash Wood Cardboard Drywall Asphalt Dirt Institute for the Built Environment April, May, and June (Multiple Item Material/Destination Tons Asphalt 1,783.2 Barker Construction 1,165.2 Connell Resources 618.0 Concrete 956.3 Barker Construction 538.9 Jake Kauffman & Sons 417.4 Dirt 179.4 Barker Construction 179.4 Metal 33.0 Rocky Mountain Recycling 33.0 Trash 1,217.3 Larimer County Landfill 1,033.5 Weld County Landfill 183.8 Grand Total 4,169.2 Total Waste Diverted (tons): 2,952 Foothills Mall Waste Diversion Report Quarter 2 2016 Summary of Waste for Reporting Period Overall Waste Diversion Rate¥: 71% Total Trash¥¥ (tons): 1,217 ¥ 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. Asphalt 42.77% Concrete 22.94% Dirt 4.30% Metal 0.79% Trash 29.20% Waste Material by Weight Institute for the Built Environment ¥ 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 June 2016. Below are observations noted during this site walk. • Since the last site visit on 03/16/16 the Christy Sports (C) building demolition was completed in May and June 2016. • The mall interior South Entrance is complete. • The exterior sitework and landscaping on the site is well underway including laying of sod, planting, and completing the remaining sidewalk, curb, and gutter. • Sitework for the residential development on the Foothills Mall site has begun and construction on the stormwater retention pond is complete. • Work has begun on the pedestrian walkway under College Avenue. • Only one dumpster remains on the site for waste diversion. • The only remaining demolition on the site is sidewalk, curb and gutter, and resurfacing or potential demolition of the last remaining Macy's parking lot. This is scheduled for July 2016. • All of the building demolition is complete, therefore there are not opportunities for innovative diversion strategies at present. Institute for the Built Environment 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 August-15 TM April-14 GY September-14 PL May-14 S March-15 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 Institute for the Built Environment Tons Tons Diverted 75,795.52 All Other 1,504.32 Asphalt 21,326.74 Cardboard 105.80 Cardboard 105.80 Drywall 93.00 Concrete 28,652.36 Wood 1,305.52 Dirt 21,626.90 Trash 28,938.73 Drywall 93.00 Trash 28,938.73 Metal 2,685.21 Trash ‐ Non Recyclable 848.53 Wood 1,305.52 Trash ‐ Non Recyclable 848.53 Trash 28,938.73 Grand Total 31,291.59 Trash 28,938.73 Trash ‐ Non Recyclable 848.53 Trash ‐ Non Recyclable848.53 Grand Total 105,582.78 Overall Diversion Rate for Project to Date 72% Overall Diversion Rate of All Other Materials for Project to Date 5% Tons Tons Diverted 2,951.91 Trash 1,217.25 Asphalt 1,783.22 Trash 1,217.25 Concrete 956.25 Grand Total 1,217.25 Dirt 179.40 Metal 33.04 Trash 1,217.25 Trash 1,217.25 Grand Total 4,169.16 Overall Diversion Rate for Reporting Period 71% Diversion of All Other Materials for Reporting Period 0% Foothills Mall Waste Diversion Report Diversion of All Other Materials for Reporting Period ‐ Apr, May, & Jun 2016 Overall Diversion Rate for Project to Date Diversion of All Other Materials for Project to Date Appendix Summary of Project Diversion Rates Overall Diversion Rate for Reporting Period ‐ Apr, May, & Jun 2016 Institute for the Built Environment Institute for the Built Environment Foothills Mall Waste Diversion Report Appendix Site Walk Photo Log Christy Sports Demolition Site Institute for the Built Environment Mall Exterior Sitework and Landscaping Institute for the Built Environment Mall Exterior Sitework and Landscaping Institute for the Built Environment Mall Exterior Sitework and Landscaping Institute for the Built Environment Pedestrian Walkway under College Sitework and Construction Institute for the Built Environment Residential Development Sitework and Construction Institute for the Built Environment Remaining Macy’s Parking Lot to be Resurfaced or Demolished in July Institute for the Built Environment Last Remaining Roll-off Dumpster Foothills - Ft. Collins, CO 7/13/2016 Pre-Leasing Summary Foothills Lease Status Summary Lease Status SF Captured Executed Leases 324,646 Working Leases 12,340 Executed LOIs 12,340 Executed Leases New to Fort Collins 201,831 Working Leases New to Fort Collins 9,467 FOOTHILLS REQUISITIONS Eligible Improvements Original Authorized Amount of Eligible Cost Re-Allocated Amount of Eligible Costs - Dec 2015 Re-Allocated Amount of Eligible Costs - Jan 2016 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 #22 Apr-16 Land Acquisition $ 5,500,000 $ 5,500,000 $ 5,500,000 $ - $ 5,500,000 $ 5,500,000 $ - Parking Structure $ 9,600,000 $ 11,293,999 $ 11,293,999 $ - $ 11,293,971 $ 11,293,971 $ 28 Demolition/Abatement $ 3,900,000 $ 2,453,030 $ 2,453,030 $ - $ 2,453,031 $ 2,453,031 $ (1) Furniture, Fixture & Amenities $ 1,400,000 $ 2,737,101 $ 2,737,101 $ - $ 2,694,446 $ 2,694,446 $ 42,655 Foothills Activity Center $ 4,800,000 $ 4,800,000 $ 4,800,000 $ 24,236 Retainage - ColoScape; ABS $ 4,661,112 $ 4,661,112 $ 138,888 Pedestrian Crossing/Culvert $ 3,000,000 $ 3,000,000 $ 3,000,000 $ - $ 1,420,021 $ 1,420,021 $ 1,579,979 Relocation of Larimer County Canal No. 2 $ 2,800,000 $ 3,067,964 $ 3,067,964 $ - $ 2,883,049 $ 2,883,049 $ 184,915 Site Work $ - Earthwork $ 2,300,000 $ 6,189,852 $ 6,280,674 $ - $ 6,280,183 $ 6,280,183 $ 491 Site Walls $ 700,000 $ 301,852 $ 301,852 $ - $ 275,871 $ 275,871 $ 25,981 Asphalt Paving $ 2,500,000 $ - $ - $ - $ - $ - Striping & Signage $ 300,000 $ 45,534 $ 63,529 $ - $ 61,814 $ 61,814 $ 1,715 Curb & Gutter $ 500,000 $ - $ - $ - $ - $ - $ - Sidewalks $ 1,500,000 $ 1,605,418 $ 1,605,418 $ - $ 1,531,062 $ 1,531,062 $ 74,356 Landscaping/Irrigation $ 600,000 $ 2,615,433 $ 2,462,352 $ - $ 2,357,975 $ 2,357,975 $ 104,377 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 $ - $ - $ - $ - $ - $ - Off-Site Work Asphalt Patching $ 200,000 $ 17,668 $ 17,668 $ - $ 16,101 $ 16,101 $ 1,567 Off-Site Work Signals.Right Turn Lanes $ 600,000 $ 113,757 $ 113,757 $ - $ 105,067 $ 105,067 $ 8,690 Utilities $ - $ - Sanitary Sewer $ 800,000 $ 749,371 $ 762,571 $ - $ 759,569 $ 759,569 $ 3,002 Storm Water $ 2,000,000 $ 3,594,305 $ 3,612,325 $ - $ 3,612,324 $ 3,612,324 $ 2 Water $ 1,000,000 $ 1,098,241 $ 1,098,241 $ - $ 1,098,241 $ 1,098,241 $ - Fire Water $ 700,000 $ 887,000 $ 900,045 $ - $ 900,041 $ 900,041 $ 4 Subtotal Hard Costs $ 48,400,000 $ 50,070,525 $ 50,070,526 $ 24,236 $ 47,903,878 $ 47,903,878 $ 2,166,648 Soft Costs Parking Structure A&E $ 700,000 $ 569,875 $ 569,875 $ - $ 530,540 $ 530,540 $ 39,335 FAC A&E $ 300,000 $ 300,000 $ 300,000 $ - $ 306,500 $ 306,500 $ (6,500) Engineering $ 1,300,000 $ 1,002,600 $ 1,002,600 $ - $ 1,006,453 $ 1,006,453 $ (3,853) Environmental/Abatement Management $ 1,300,000 $ 307,000 $ 307,000 $ - $ 307,000 $ 307,000 $ 1 Materials Testing & Geotechnical $ 600,000 $ 350,000 $ 350,000 $ 350,272 $ 350,272 $ (272) Fort Collins URA $ 400,000 $ 400,000 $ 400,000 $ - $ 282,595 $ 282,595 $ 117,405 Subtotal Soft Costs $ 4,600,000 $ 2,929,475 $ 2,929,475 $ - TOTAL COSTS $ 53,000,000 $ 53,000,000 $ 53,000,001 $ 24,236 $ 50,687,238 $ 50,687,238 $ 2,312,763 ¥ ¥ ¥ ¥ Trash non‐recyclable numbers include painted wood. Concrete 27.36% Metal 2.56% Trash 27.63% Wood 1.25% Cardboard 0.10% Drywall 0.09% Asphalt 20.36% Dirt 20.65% Waste Material by Weight Institute for the Built Environment 3450 241 3051 BLOCK 1F BLOCK 10 BLOCK 11 BLOCK 19 BLOCK 12 BLOCK 18 BLOCK 2 BLOCK 4 BLOCK 9A BLOCK 9B BLOCK 1A BLOCK 1B BLOCK 14B BLOCK 1E BLOCK 1J BLOCK 1H BLOCK 1G BLOCK 7 BLOCK 8 BLOCK 6 BLOCK 16 BLOCK 17 BLOCK 14A BLOCK 3 BLOCK 13A BLOCK 13B BLOCK 15 BLOCK 20 BLOCK 5 3,500 SF (P) 110 H&M 22,412 SF (R) C.B. POTT'S 7,817 SF (P) 110 10,201 SF (P) WEEKENDS 150 FINISH LINE 5,000 SF (P) 140 MAURICE'S 4,182 SF (E) 130 TORRID 3,499 SF (P) 120 JOURNEYS 2,873 SF (P) 220 2,355 SF (P) 530 ZALES 1,602 SF (R) 540 TENANT 4,001 SF (P) 550 TENANT 5,000 SF (R) 580 TENANT 4,143 SF (P) 910 TENANT 3,335 SF (P) 920 GNC 959 SF (R) 925 LIDS 1,001 SF (P) 970 TENANT 6,054 SF (P) 940 2,101 SF (P) 950 SPRINT 1,200 SF (P) 960 XFINITY 4,800 SF (P) 460 TENANT 7,677 SF (P) 440 TENANT 430 FRANCESCA'S 1,596 SF (P) 310 VICTORIA'S SECRET 7,614 SF (E) 330 GYMBOREE 2,184 SF (R) 340 BUCKLE 5,442 SF (R) 350 VANS 3,376 SF (P) 320 BATH & BODY 2,992 SF (R) SUNGLASS HUT 620 FOREVER 21 13,433 SF (P) 510 525 RMCF 847 SF (R) 120 SMOKIN FINS 4,440 SF (P) 120 TENANT 7,278 SF (P) 110 GRIMALDI'S PIZZA 3,560 SF (P) 4,955 SF (P) 120 2,898 SF (P) 130 TORCHY'S TACOS 4,000 SF (P) SEARS HOME 10,501 SF (P) LONGHORN 6,347 SF (P) ROSS 25,220 SF (R) NORDSTROM RACK 33,572 SF (P) 30,060 SF (P) 130 LANE BRYANT 4,535 SF (P) 915 AUNTIE ANNE'S 744 SF (P) STEAKHOUSE CINEMARK 43,655 SF 1,884 SEATS 2,760 SF (P) EXISTING MACY'S 127,971 SF (E) 110 STORE XX,XXX SF DISPLAY TOTAL XXX SF 33,572 SF 110 4,947 SF (P) BAR LOUIE 5,996 SF (P) 5,454 SF (P) ULTA 110 10,254 SF (P) SMASHBURGER ATHLETA SNAPPY NAILS TENANT 110 2,527 SF (P) 130 2,758 SF (P) 150 2,523 SF (P) 160 3,576 SF (P) 190 4,894 SF (P) READY FIT GO 120 1,697 SF (P) QSR QSR QSR 750 1,655 SF (P) 740 1737 SF (P) 720 2,093 SF (P) 710 2,027 SF (P) QSR 730 2,694 SF (P) STORAGE B-XXX 2,013 SF STORAGE B-XXX 1,097 SF STORAGE A-XXX 597 SF 535 1,000 SF (P) 110 3,600 SF (P) CHEBA HUT 120 1,967 SF (P) ZOE'S KITCHEN 130 2,865 SF (P) LENSCRAFTERS 120 3,500 SF (R) T-MOBILE CHICO'S 110 2,506 SF (P) 150 3,500 SF (R) 140 1,999 SF (R) J.CREW 120 6,490 SF (P) TENANT 110 3,216 SF (P) TENANT 230 6,284 SF (P) ZUMIEZ 160 2,714 SF (P) COZY COTTAGE 170 8,337 SF (P) THE MELT COLOR ME MINE 130 TENANT 120 110 3,574 SF (P) 1,657 SF (P) 1,952 SF (P) 2,319 SF (P) TENANT 120 1,509 SF (P) TENANT SCOUT & MOLLY 140 2,076 SF (P) 500 2,867 SF (P) INCLUDING SEATING AREA ABOVE SPORTS FAN QSR 150 PATIO 493 SF PATIO 496 SF TENANT PATIO 547 SF PATIO 1,509 SF PATIO 1,474 SF LOFT VERIZON WIRELESS PATIO 594 SF PATIO 614 SF TENANT PATIO 724 SF TENANT BAD DADDY'S BURGER BAR JEWELRY EMPORIUM PATIO 1,037 SF MATADOR PATIO 633 SF SKECHERS PATIO 1,020 SF SPAVIA SELECT COMFORT 140 CYCLE BAR 2,590 SF (P) 110 4,981 SF (P) 120 JOS. A. BANK 4,000 SF (P) 140 4,760 SF (P) TENANT JARED THE GALLERY OF JEWELRY 130 TENANT 1,001 SF (P) *5,292 SF (R) *5,490 SF (E) *22,315 SF (R) *1,600 SF (R) *6,000 SF (P) *3,500 SF (P) *6,500 SF (P) *2,320 SF (P) *25,000 SF (R) *33,000 SF (P) *3,511 SF (R) *4,941 SF (P) 110 TENANT 4,212 SF (P) TENANT 850 2,000 SF (P) TENANT 830 6,340 SF (P) HOT TOPIC 820 1,983 SF (R) TENANT 1,507 SF (R) TENANT 2,899 SF (P) 840 TENANT 860 4,258 SF (P) SNAPPY NAILS 855 2,000 SF (P) 810 410 PROPOSED TENANT 6,545 SF (P) 360 ENCORE 10,570 SF (R) 380 THE MART 4,881 SF (R) EUROPEAN WAX 170 1,904 SF (P) READY FIT GO 170 1,879 SF (P) BLOCK #15: BLOCK #1B (SPORT'S AUTHORITY): RESIDENTIAL COUNTS ARE NOT INCLUDED AS PART OF THESE TABULATIONS. PLEASE NOTE: PARKING PROVIDED: TOTAL PARKING REQUIRED: 3,021 SPACES SURFACE PARKING 2,103 SPACES TOTAL PARKING PROVIDED: 3,081 SPACES PARKING DECK 978 SPACES RETAIL & RESTAURANT PARKING REQUIRED: 2,402 SPACES @ 4.0 SP / 1000 SF THEATER @ 1.0 SP / 4 SEATS: 471 SPACES TABULATIONS: ENCLOSED MALL BLOCK #2 (MACY'S - 1 LEVEL): BLOCK #1A: TOTAL ENCLOSED MALL: 148 SPACES FOOTHILLS ACTIVITY CENTER @ 6.0 SP / 1000 SF: 365,184 SF 127,971 SF 207,153 SF 30,060 SF TOTAL RETAIL DEVELOPMENT: 644,199 SF BLOCK #1F: 6,816 SF BLOCK #1J: 8,000 SF BLOCK #1G: 6,922 SF BLOCK #1H: 5,996 SF TOTAL OPEN AIR: 279,015 SF BLOCK #1E: 7,278 SF PROPOSED FOOTHILLS 24,659 SF BLOCK #20: ACTIVITY CENTER: OPEN AIR COMPONENTS BLOCK #10: 33,572 SF 24,395 SF 9,658 SF BLOCK #14A (FALL 2016 DEVELOPMENT): 14,742 SF BLOCK #9A: 10,201 SF BLOCK #9B: 11,579 SF 7,817 SF THEATER (1,884 SEATS): 43,655 SF BLOCK #11: 11,763 SF BLOCK #14B BLOCK #8 (PARKING DECK): BLOCK #7: BLOCK #17: 6,347 SF BLOCK #16 10,501 SF BLOCK #19: 25,220 SF BLOCK #13A BLOCK #18: 9,482 SF BLOCK #13B: 14,495 SF 10,576 SF BLOCK #12 (NORDSTROM RACK): TOTAL DEVELOPMENT: 668,858 SF * PER THE LEASE SQUARE FOOTAGE MERCHANDISING PLAN K17 06/02/2016 OVERALL 1 LEGEND EXECUTED LEASES AND EXISTING TENANTS WORKING LEASES UNDER NEGOTIATION WORKING LOI'S UNDER NEGOTIATION