Workers were idle for Super Bowl Sunday, but will soon be back to their cladding work at the Keystone Parke site in Evanston.
Pictured here is a four-story, 69,000-square-foot office building being built by Neyer Properties at the corner of Dana and Realistic avenues, adjacent to I-71.
At buildout, Keystone Park will also include a 10-story, 240,000-square-foot office building with restaurant and/or retail space; a 7-story, 160,000-square-foot office building; a restaurant outlot and improvements to Evanston Playfield.
Please click on each image to enlarge to 640 x 480. Photos will open in a new browser window.
Previous reading on BC:
Keystone Parke tweaked (1/22/08)
AndyHemmer.com: Green building and Keystone Parke (1/2/08)
Keystone Parke photo update (11/6/07)
City authorizes $71.1 million in bonds for projects (8/6/07)
Keystone Parke TIF agreements established (7/5/07)
Monday, February 4, 2008
Keystone Parke photo update, 2/3/08
Tuesday, January 22, 2008
Keystone Parke tweaked
Due to a change in the bond market and some unanticipated streetscape improvements, bonds have been re-approved for the Keystone Parke project in Evanston.
City Council unanimously approved the issuance of $4.2 million in economic development bonds for the first phase of the $100 million project.
The bulk of the project's first phase, a 60,000-square-foot office building that will house up to 250 employees, is currently under construction.
Developer Neyer Properties has also added to the first phase a 0.79-acre site at the southwest corner of Dana and Realistic avenues (BIRD'S EYE), which will be developed as a restaurant.
The restaurant was originally scheduled for the project's second phase.
Debt on the bonds will be serviced by tax increment financing (TIF) revenues generated by the development site.
The new arrangement will not change the City's plans to issue $21.5 million in bonds for the entire campus.
At buildout, Keystone Parke will also include a 10-story, 240,000-square-foot office building with restaurant and retail space; a 7-story, 160,000-square-foot office building; a 4-story, 69,000-square-foot office building; and improvements to Evanston Playfield.
Previous reading on BC:
AndyHemmer.com: Green building and Keystone Parke (1/2/08)
Keystone Parke photo update (11/6/07)
City authorizes $71.1 million in bonds for projects (8/6/07)
Keystone Parke TIF agreements established (7/5/07)
Wednesday, January 2, 2008
AndyHemmer.com: Green building and Keystone Parke
While it reads much like a pitch to sell office space, Andy Hemmer of AndyHemmer.com has posted a fantastic article about green development, its financial and health benefits, and how Neyer Properties is incorporating it into its Keystone Park project in Evanston.
Neyer Properties President Dan Neyer hopes to achieve LEED Silver Level Certification from the U.S. Green Building Council.
His article lists seven specific design elements that are being used to help make this happen.
At buildout, Keystone Parke will also include a 10-story, 240,000-square-foot office building with restaurant and retail space; a 7-story, 160,000-square-foot office building; a 4-story, 69,000-square-foot office building and improvements to Evanston Playfield.
Previous reading on BC:
Keystone Parke photo update, 11/3/07 (11/6/07)
City authorizes $71.1 million in bonds for projects (8/6/07)
Keystone Parke TIF agreements established (7/5/07)
Monday, August 6, 2007
City authorizes $71.1 million in bonds for projects
Cincinnati City Council unanimously passed six emergency ordinances that will help fund local development projects.
The ordinances authorize the City's Director of Finance to bonds for the following:
* Baldwin 300: $30 million for a public parking garage and other non-enumerated work;
* One River Plaza: $17.295 million for a parking garage, terrace and plaza;
* Cincinnati Encenter: $9.75 million for sidewalks, street lighting, sewers and roads;
* Madison Circle: $5.68 million for roads within the development as well as improvements to Madison Road (including a new traffic light);
* Columbia Square: $4.3 million parking, site improvements and utilities; and
* Keystone Parke: $4.075 million for a public parking garage.
All six projects are located within TIF (Tax Increment Financing) districts. Tax revenues from the developments will service the debt on the bonds.
Thursday, July 5, 2007
Keystone Parke TIF agreements established
Rendering: Click to enlarge
Cincinnati City Council has approved an ordinance authorizing a service agreement and a development agreement with Neyer Properties for the Keystone Parke office project on in Evanston.
The agreement establishes a Tax Increment Financing (TIF) district for the site of the project's first phase, a $15 million, 67,000 square foot office building.
The TIF district contains land with a Dana Avenue frontage, roughly between Realistic and Floral avenues.
The City also established a TIF fund into which debt service for the issued bonds can be depositied.
The project, which is estimated to cost $100 million, will include three buildings totalling 465,000 square feet of Class A office space.
Streetscapes along Dana Avenue and a refurbishing of the adjacent Evanston Playfield are also part of the project. Parking will be supplied in the lower levels of each of the three buildings and on surface lots.
An early estimate for completion of the three phases was 2010. This has not been officially revised.
Layout of Phase I TIF: Click to enlarge
WINDOWS LIVE BIRD'S EYE VIEW
GOOGLE AERIAL VIEW
