More details on The Linc, being presented at tonight's city council meeting.
Drawings/layouts are on pages 11, 13, and 19 of the above PDF.
Phase 1
Initiating construction by January 1, 2024
Completing construction by October 1, 2025
Phase 2
Initiated by June 1, 2026
Completed by July 1 2028
The minimum development levels in the agreement are as follows, additional details are included in Attachment B:
PHASE 1 (On Site):
• Boutique Hotel - 100+ rooms, a boutique or uniquely brand limited to full-service hotel with a 15,000 square foot conference center – Minimum Assessment=$23,700,000
• Hotel Restaurant - unique 4,000 square foot restaurant located on the upper floor of the hotel
• Parking Structure South - developer constructed, owned, and maintained (400+ parking spaces, actual total parking to be determined) – Minimum Assessment=$4,500,000
• Plaza (commercial area open space) at the center of the project - developer owned and maintained
• Kellogg Mixed Use Building (Building A) - commercial square footage of 14,400 sq. ft. and 100-130 apartment units – Minimum Assessment=$31,100,000
• Frontage and Utility Improvements as needed (includes Lincoln Way parking)
• Abandonment of City Well on Gilchrist
• Vacation of Public Alley right-of-way adjacent to Kellogg
PHASE 2 (On-Site):
• Office Building (Building C) - at least 85,100 square feet of office and 31,600 square feet of retail uses, may include apartments on upper floors – Minimum Assessment=$24,649,000.
• Plaza (commercial area for outdoor use) - an extension of plaza constructed in Phase 1.
• Clark Mixed Use Residential Building (Building B) – 100 to 130 apartment units, may include additional commercial area on ground floor – Minimum Assessment=$30,628,749.
• Additional Parking – Parking in addition to the South Parking Ramp may be needed when Phase 2 is constructed. The amount of additional needed parking will be determined with the Major Site Plan Development review.
• Frontage and Utility Improvements as needed
PHASE 2 (Off-Site):
• North Parking Ramp - approximately 200 parking space parking deck in City CBD Parking Lot. The ramp is to be constructed by the City of Ames with TIF revenues generated from both Phase 1 and Phase 2.
• Pedestrian Bridge from development site south of the railroad tracks to North Parking Ramp to be constructed by the developer. The Bridge will be owned and maintained by the developer. Overhead electric line relocation for bridge, paid for by developer.
Drawings/layouts are on pages 11, 13, and 19 of the above PDF.
Phase 1
Initiating construction by January 1, 2024
Completing construction by October 1, 2025
Phase 2
Initiated by June 1, 2026
Completed by July 1 2028
The minimum development levels in the agreement are as follows, additional details are included in Attachment B:
PHASE 1 (On Site):
• Boutique Hotel - 100+ rooms, a boutique or uniquely brand limited to full-service hotel with a 15,000 square foot conference center – Minimum Assessment=$23,700,000
• Hotel Restaurant - unique 4,000 square foot restaurant located on the upper floor of the hotel
• Parking Structure South - developer constructed, owned, and maintained (400+ parking spaces, actual total parking to be determined) – Minimum Assessment=$4,500,000
• Plaza (commercial area open space) at the center of the project - developer owned and maintained
• Kellogg Mixed Use Building (Building A) - commercial square footage of 14,400 sq. ft. and 100-130 apartment units – Minimum Assessment=$31,100,000
• Frontage and Utility Improvements as needed (includes Lincoln Way parking)
• Abandonment of City Well on Gilchrist
• Vacation of Public Alley right-of-way adjacent to Kellogg
PHASE 2 (On-Site):
• Office Building (Building C) - at least 85,100 square feet of office and 31,600 square feet of retail uses, may include apartments on upper floors – Minimum Assessment=$24,649,000.
• Plaza (commercial area for outdoor use) - an extension of plaza constructed in Phase 1.
• Clark Mixed Use Residential Building (Building B) – 100 to 130 apartment units, may include additional commercial area on ground floor – Minimum Assessment=$30,628,749.
• Additional Parking – Parking in addition to the South Parking Ramp may be needed when Phase 2 is constructed. The amount of additional needed parking will be determined with the Major Site Plan Development review.
• Frontage and Utility Improvements as needed
PHASE 2 (Off-Site):
• North Parking Ramp - approximately 200 parking space parking deck in City CBD Parking Lot. The ramp is to be constructed by the City of Ames with TIF revenues generated from both Phase 1 and Phase 2.
• Pedestrian Bridge from development site south of the railroad tracks to North Parking Ramp to be constructed by the developer. The Bridge will be owned and maintained by the developer. Overhead electric line relocation for bridge, paid for by developer.
