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    [1. Call to Order / Roll Call.]

    [00:00:07]

    BACK RECORDING, OK? GOOD EVENING . THIS IS THE REGULAR MEETING OF THE TUESDAY APRIL 23RD 2024 PROSPER PLANNING AND ZONING COMMISSION. THE MEETING IS CALLED TO ORDER AT 6:09 P.M. ALL COMMISSIONERS ARE PRESENT THIS EVENING AND ACCOUNTED FOR ADDRESSING THE COMMISSION. THOSE WISHING TO ADDRESS THE COMMISSION MUST COMPLETE THE PUBLIC COMMENT. REQUEST FORM LOCATED ON THE TOWN WEBSITE OR IN COUNCIL CHAMBERS. IF YOU'RE ATTENDING IN PERSON, PLEASE SUBMIT THIS FORM TO THE BOARD CHAIR OR A STAFF MEMBER PRIOR TO THE MEETING WHEN CALLED UPON, PLEASE COME TO THE PODIUM AND STATE YOUR NAME AND ADDRESS FOR THE RECORD. ITEM NUMBER TWO THIS EVENING IS THE PLEDGE OF ALLEGIANCE IF YOU'LL PLEASE RISE. ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA, WHICH IS ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND INJUSTICE FOR ALL. ITEM NUMBER THREE THIS EVENING IS CONSENT AGENDA THIS EVENING. WE HAVE

    [CONSENT AGENDA]

    CONSENT AGENDA ITEMS. THREE ■A. THROUGH THREE J ON OUR CONSENT AGENDA THIS EVENING. UH DID ANY OF THE COMMISSIONERS WANT TO PULL ANY ATOMS FOR CONVERSATION DISCUSSION WITH TOWN STAFF THIS EVENING OR QUESTIONS. I WOULD. I'D LIKE TO PULL THREE H I AND J , PLEASE. THREE H I AND J OK, COMMISSIONER, BLANT SAID. IT'S GONNA PULL ADAMS, THREE H, I AND J. WERE THERE ANY OTHERS TO BE PULLED THIS EVENING? SO ON THE REMAINING ITEMS ON ENTERTAIN A MOTION FOR THE OTHER, SAID CONTINGENT ITEMS FOR APPROVAL THIS EVENING OR A MOTION I'D LIKE TO MAKE A MOTION TO APPROVE CONSENT AGENDA ITEMS. THREE A THREE B THREE C 3D 3 E, THREE F AND THREE G. SO WE HAVE A MOTION TO APPROVE THOSE SAID CONSENT AGENDA ITEMS FROM COMMISSIONER HAMILTON. DO WE HAVE A SECOND? 2ND 2ND FROM COMMISSIONER CARSON ALL THOSE IN FAVOR OF APPROVING CONSENT AGENDA ITEMS. THREE A THROUGH THREE G, PLEASE RAISE YOUR HAND. AND THE MOTION CARRIES 7 TO 0. TAKE IT BACK, UH

    [Items 3h. - 3j.]

    , TOWN STAFF TO GO THROUGH THREE H THROUGH J. I CAN MR CHAIRMAN, I CAN SAVE A LITTLE BIT OF TIME THERE. I DON'T NEED A WHOLE PRESENTATION. MY QUESTION IS, I JUST HAVE A SIMPLE QUESTION.

    DAKARI, THE, UM WE APPROVED A PRELIMINARY PLAN FOR THIS PHASE BEFORE CORRECT ON THE AND TELL ME NOW THIS IS THE FINAL. I SUPPOSE SO. WHAT'S THE WHAT'S THE DIFFERENCE? I COULDN'T SEE ANY NECESSARILY ANY BIG DIFFERENCES. ARE THERE ANY SIGNIFICANT DIFFERENCES MADE FROM PRELIMINARY PLAN? NO SIGNIFICANT DIFFERENCES WERE MADE FROM THE PSP TO THIS SITE PLAN, SO THEY'RE VIRTUALLY THE SAME. VIRTUALLY THE SAME. ALL RIGHT. THANK YOU. THAT'S ALL I NEED. THANK YOU. I GOT A QUICK FOLLOW UP ANY. UM, IS THIS THE LAST PHASE OF MULTIFAMILY ON THAT? PD ON THAT AREA. YES, BECAUSE THERE'S A MAXIMUM OF 600 UNITS AND THAT COMPLETES THE 600 UNIT MAXIMUM. THANK YOU. THERE ARE NO OTHER QUESTIONS. I'LL ENTERTAIN EMOTION. I CONSENT TO ADAMS THREE H THREE I THREE J. NOT EVERYBODY WANTS TO MAKE A MOTION TO APPROVE. THREE H I AND J. OK, SO WE HAVE A MOTION ON THE FLOOR FROM COMMISSIONER CARSON. DO WE HAVE A SECOND? A SECOND? HAVE A SECOND ON THE, UH OR FROM COMMISSIONER JACKSON. ALL THOSE IN FAVOR OF APPROVING THREE H I AND J, PLEASE RAISE YOUR HAND. AND THE MOTION CARRIES 7 TO 0 FOR APPROVAL.

    THANK YOU COMMISSIONERS. NEXT ITEM IS CITIZEN COMMENTS. THE PUBLIC IS INVITED TO ADDRESS THE PLANNING AND ZONING COMMISSION ON ANY TOPIC. HOWEVER THE COMMISSION IS UNABLE TO DISCUSS OR TAKE ACTION ON ANY TOPIC NOT LISTED ON THIS AGENDA THIS EVENING. PLEASE COMPLETE A PUBLIC COMMENT REQUEST FORM AND PRESENT IT TO THE DEVELOPMENT SERVICE DEPARTMENT PRIOR TO THE MEETING. DID WE HAVE ANY OF THOSE SUBMITTED THIS EVENING? IS THAT RELATIVE TO, UH, YOU KNOW, THANKS FOR THE NEXT. IT'S FOR ADAM. OK, VERY GOOD. SO APPRECIATE THAT. SO THAT'LL BE FOR ITEM FOUR COMING UP. ALL RIGHT. THANK YOU, SIR. APPRECIATE THAT. WE'LL CATCH THAT HERE IN THE PUBLIC HEARING ON ITEM FOUR IN A SECOND. ANY OTHER. REQUEST FORMS. FOR A FOUR? YES. FOR ITEM FOUR. OK VERY GOOD. ALL RIGHT, I'LL PASS THOSE AROUND HERE MOMENTARILY.

    ANY OTHER COMMENT. REQUEST FORMS. ALL RIGHT. LET'S IF NOT WE'LL MOVE ON TO AGENDA ITEM

    [4. Conduct a Public Hearing and consider and act upon a request to rezone 47.0± acres from Planned Development-75 to a Planned Development for Multifamily and MixedUse, located at the northwest corner of Dallas Parkway and Prosper Trail. (ZONE-24- 0001)]

    NUMBER FOUR. NOW THIS IS CONDUCT A PUBLIC HEARING AND CONSIDER AND ACT UPON A REQUEST TO REZONE 47 ACRES FROM PLANNED DEVELOPMENT 75 TO PLANNED DEVELOPMENT FOR MULTIFAMILY AND MIXED USE, LOCATED AT THE NORTHWEST CORNER OF DALLAS PARKWAY AND PROSPER TRAIL. THIS

    [00:05:04]

    IS CASE ZONE DASH 24-0001. GOOD EVENING COMMISSIONERS. UM LET ME JUST GO AHEAD AND INTRODUCE THIS PROJECT, AFTER WHICH THE APPLICANT IS HERE AND CAN'T ANSWER ANY QUESTIONS AND MAKE THEIR PRESENTATION SO THIS PROPERTY IS LOCATED ON THE NORTHWEST CORNER OF PROSPER TRAIL IN DALLAS PARKWAY, AS YOU SEE, AND IS BOUNDED BY SHAWNEE TRAIL TO ITS WEST. ADJACENT PROPERTY IS, UM, FOR THE MOST PART VACANT. UH, YOU HAVE COMMERCIAL AND OTHER, UM, RETAIL PROPERTY TO THE NORTHEAST AND SOUTH. UH THIS PROPERTY ITSELF IS WITHIN A LARGER PLAN DEVELOPMENT PLANNED DEVELOPMENT 75 THAT WAS A ZONED IN 2019. SO THERE ARE PORTIONS OF IT TO THE EAST OF EXCUSE ME TO THE WEST OF THIS PIECE. UH, THAT ARE, UM UNDER DEVELOPMENT OR PARTIALLY DEVELOPED WITH THE OFFICE TO THE SOUTH AND THEN RESIDENTIAL. UH, PRELIMINARY PLAT. IT'S BEEN APPROVED FOR THAT RESIDENTIAL, UH, S F-15 THAT YOU SEE TO THE TO THE WEST. UM, HERE IS JUST AN UH, EXHIBIT SHOWING THAT THE INTENT IN 2019 WAS TO DEVELOP THE PROPERTY FOR, UM, LIKE A LARGE RETAILER WITH SOME PAD SITES TO THE SOUTH AND ALONG DALLAS PARKWAY, THE PROPOSAL IS UM WE FEEL QUITE COMPLIMENTARY WITH THE FUTURE LAND USE PLAN, WHICH YOU SEE HERE. THE PROPERTY IS IDENTIFIED IN THE DALLAS NORTH TOLLWAY DISTRICT. AND THAT DISTRICT KIND OF SPECIFIES SOME QUALIFICATIONS TO, UH, THAT INCLUDE SOME HIGHER, TALLER, STORIED BUILDINGS, A MIX OF USES TO HAVE OFFICE RESIDENTIAL RETAIL KIND OF CREATE AN AREA WHERE FAMILIES WOULD WANT TO COME AND SPEND THEIR TIME. UH, WITH THE RETAIL COMPONENT, AND, UH, WE FEEL LIKE THAT THIS PROPOSAL, UH, THAT WE'LL GET INTO, UH, COMPLEMENTS THE DALLAS NORTH TOLLWAY DISTRICT AND ITS GUIDELINES. SO HERE IS THE CONCEPT PLAN. UM, IT IS. IT IS A CONCEPT PLAN IN THAT, UM, YOU KNOW, NOT EVERY LITTLE DETAIL HAS BEEN REVIEWED AS FAR AS THROAT LENGTH AND SUCH THOSE THINGS AND THE APPLICANT AND STAFF ARE AWARE OF THAT. AND WE REALIZE THAT WHENEVER, UM, DEVELOPMENT PROPOSALS ARE ARE SUBMITTED AT PER SITE PLAN, AND THINGS LIKE THAT WE'LL GET INTO THE DESIGN AND ENSURE THAT ALL THE REGULATIONS ARE COMPLIED WITH. UH, THE APPLICANT HAS PROVIDED SOME DETAILS ON ELEVATIONS FOR THE DIFFERENT TYPES OF USES, WHETHER IT BE THE HOTEL RETAIL OFFICE MULTIFAMILY. AND THEN THERE IS MORE DETAILED INFORMATION IN THE PLANNED DEVELOPMENT REGULATIONS, WHICH IS EXHIBIT C. KIND OF GOING OVER . WHAT UM, TYPES OF MATERIALS AND THE DESIGN. I MEAN, THE INTENT IS TO HAVE, UM, THE MULTIFAMILY AREA TO THE NORTH.

    LET ME GO BACK TO THE CONCEPT PLAN. MULTIFAMILY AREA TO THE NORTH WOULD HAVE, UM, KIND OF MORE OF AN URBAN FEEL ALONG THE STREET. AND THEN THERE'S A MORE, UH, MIXED USE COMPACT DEVELOPMENT TO THE SOUTH. UM THEY HAVE TAKEN INTO ACCOUNT TRYING TO HAVE GARAGES THAT IF THEY ARE VISIBLE FROM THE TOLLWAY THAT THEY WOULD HAVE A FACADE SO THAT THEY WOULDN'T LOOK LIKE A GARAGE. UM THERE'S ALSO KIND OF A STAIR STEPPING ELEMENT AS FAR AS HEIGHT. AND WHERE SHAWNY TRAIL YOU'D HAVE KIND OF A ON THE ON THE MIXED USE PORTION KIND OF A NINE STORY HEIGHT, AND THEN IT COULD GET HIGHER AS YOU GO FORWARD. FURTHER TO THE DALLAS PARKWAY.

    SO, UM THE PLAN DEVELOPMENT. THE STAFF REPORT HAVE QUITE A BIT OF INFORMATION I'VE INCLUDED, UM, SLIDES IN HERE, WHICH WE CAN GO OVER AS NEEDED THAT JUST REFERENCE THE INFORMATION SUCH AS USES. I'LL JUST QUICKLY GO THROUGH THESE BUT NOT TOUCH ON ALL OF THEM AT THIS POINT, OTHER THAN IF YOU NEEDED TO REFERENCE THEM DENSITY BUILDING HEIGHT, BUILDING, SETBACKS, PARKING SIDEWALKS, LANDSCAPE BUFFERS, OPEN SPACE AND TRAILS, ARCHITECTURAL STANDARDS AND BUILDING MATERIALS. UM THERE'S ALSO AN ELEMENT OF PUBLIC ART. THIS IS THE PUBLIC ART OR PROSPER ART DISTRICT. SO THAT IS A VERY, UM, STRONG COMPONENT OF THIS OF THIS DEVELOPMENT. AND THEN THERE'S ALSO A PHASING PLAN WE CAN REFER TO. SO WITH THAT, UM, I WILL, UH LIKE YOU ASK ANY QUESTIONS, BUT ALSO THE APPLICANT CAN, UM, PROVIDE THEIR PRESENTATION. OH, THIS. WE HAVE

    [00:10:02]

    DONE THIS. WE HAVE NOT. CORRECT STAFF HAS NOT RECEIVED ANY PUBLIC COMMENT ON THIS CASE AND THEY DID PUT OUT THEIR SIGNS AND WE SENT OUT NOTICES. THEIR PRESENTATION. WE HAVE QUESTIONS FOR SUZANNE THIS EVENING. YES SO YOU YOU BLEW THROUGH ONE TO LIE WITH THE MULTIFAMILY UNITS. UM, AND I THINK IT HAD THE SQUARE FOOTAGE RIGHT HERE. YES SO THE ORDINANCE IS 750 AS A MINIMUM.

    AND THEY'RE MOVING. I MEAN, 850 IS THE MINIMUM AND THEY'RE ASKING FOR 750. THAT'S CORRECT.

    UM I'M SURE I KNOW WHY, BUT CAN WHAT? WHAT'S THE ADDITIONAL NUMBER OF UNITS? THEY'RE GETTING OUT OF DOING THE 750? HAVE YOU DONE THE MATH ON THAT? I MEAN, THERE'S NO PARTICULAR NUMBER OF ADDITIONAL UNITS PER SE BECAUSE IT'S BASED ON DENSITY, AND THEY'VE CAPPED THE NUMBER OF UNITS IN THE MULTIFAMILY AREA TO I THINK IT'S 350. SO, UM, WE DIDN'T REALLY I DON'T THINK THE SQUARE FOOTAGE OF EACH UNIT BEING DECREASED INCREASES THE NUMBER OF UNITS BEING ALLOWED.

    IT'S JUST THE NUMBER OF UNITS, UM SO WHETHER WHETHER THOSE UNITS ARE 850 SQUARE FEET SEVEN.

    750 SQUARE FEET OR 1000 SQUARE FEET OR THE NUMBER OF UNITS IS GONNA BE 350. OK, COULD YOU REPEAT? I MEAN, COULD YOU REPEAT THAT? BECAUSE I DID YOU SAY 350 UNITS WAS THE LIMIT. WAS THE MAXIM. FOR THE M FAMILY. IT'S 505 100. I THOUGHT I TOTAL FOR THE TWO COMPETES TOGETHER. YEAH OK, I. I APOLOGIZE. SO THE MIXED USE ZONE IS A MAX 350. I'M SORRY . IT'S SO YOU GOT THE MULTI TO THE NORTH. THAT'S A DENSITY OF 50 UNITS PER ACRE, AND IT'S APPROXIMATELY 10.6 ACRES. AND THEN THE MIX ZONE TO THE SOUTH IS A MAXIMUM 350 UNITS WITH 60 UNITS PER ACRE. IT'S KIND OF A TWO. THERE ARE TWO COMPONENTS THERE AND THEN THE APPLICANT PROVIDED SOME ADDITIONAL INFORMATION THIS EVENING ABOUT 500 TOTAL MAX FOR THE WHOLE CAN YOU SHOW ME ON THE MAP AGAIN ON THE PLAN? THE CONCEPT PLAN WHERE THOSE UH, OK. I KNOW WHERE THE APARTMENTS ARE IN THE NORTH.

    WHERE ARE THE APARTMENTS THAT YOU'RE COUNTING IN THE REST OF THE PROPERTY. WHERE ARE THE LO? SO IF YOU SEE THIS PHASING DIAGRAM, UM IN THE BLUE, YOU'LL SEE RETAIL MULTIFAMILY KIND OF IN THE VERY CENTER UNDER THAT PARKING GARAGE THAT'S IN THE MIXED USE. SO SO IS THAT SO? THE MULTIFAMILY PORTION IS INTENDED TO BE ABOVE THE RETAIL OR IS ARE THOSE STILL MULTIFAMILY UNITS? THERE IS A REGULATION IN THE IN FOR THIS PLANNED DEVELOPMENT THAT SAYS THE FIRST FLOOR HAS TO BE RETAIL OR COMMERCIAL OR SOME NON NON RESIDENTIAL AND THEN MULTIFAMILY CAN BE ABOVE WHAT'S WHAT'S THE STORY? HOW MANY STORIES ARE ALL ON THESE BUILDINGS ON THE MULTIFAMILY? HOW MANY STORIES HIGH? UM, THE APPLICANT MIGHT HAVE A BETTER IDEA. THE UH, THE CODES THEMSELVES, UM ALLOWS FIVE RIGHT FIVE STORIES. WELL, IT'S FIVE STORIES FOR THE MIXED USE MIXED FAMILY OR SAY I APOLOGIZE. IT'S FIVE STORIES FOR THE MULTIFAMILY ZONE TO THE NORTH, NO GREATER THAN 60 FT FROM FINISHED GRADE BUT THE MIXED USE WOULD BE NO NO GREATER THAN NINE STORIES, OR 100 AND 10 FT. ALONG SHAWNEE TRAIL AND THEN 14 STORIES NO GREATER THAN 100 AND 70 FT ON DALLAS PARKWAY, SO THAT MEANS THAT THE MEDICAL OFFICE AND HOTELS ALONG DALLAS PARKWAY THOSE COULD BE 14 STORIES UNDER THIS PD AS WRITTEN AND THEN NINE STORIES FOR THE ONE THE HOTEL OVER ON SHAWNEE TRAIL, AND THEN THE RETAIL MULTIFAMILY CAN BE NINE STORIES. IT COULD BE ANYWHERE BETWEEN NINE AND 14 BECAUSE IT'S IN THE MIDDLE. BUT THE MULTIFAMILY OF THE NORTH ARE FIVE STORIES CAPPED CORRECT, OK? OK EXCUSE ME. SORRY TO INTERRUPT. GREAT QUESTION. THANK YOU. IT'S A LOT. SO WE GET THE MIXED USE. 350 YES. AND THEN. THE OTHER. THE MULTIFAMILY HAS KEPT IT. 150. WELL, IT MAY IT MAY. THAT'S WHAT IT'S SAYING HERE. WERE IN THE DOCUMENTS THAT WE HAVE HERE. THIS IS WHAT IT'S SAYING. UM, IT DOESN'T HAVE A CAP ON THE ON THE MULTIFAMILY.

    [00:15:01]

    THAT'S THAT'S TRUE. IT HAS, UM, IT'S JUST BASED ON DENSITY. SO IN THE MULTIFAMILY ZONING, SO THERE'S ACTUALLY NOT A IN THE DOCUMENTS. THERE'S NOT A CAP OF 500 IN THE DOCUMENTARY THAT THAT WAS INFORMATION PRESENTED. IT'S OK. IT'S 50. IT'S AN ACRE, AND IT'S 10.6. SO THAT'S AND IT DOES NEED TO BE IN THERE. THE 500 IS A CAP AND THE AND THE REALITY IS WHAT THEY PUT IN THE MIXED USE VERSUS WHAT GOES IN THE MULTIFAMILY IS ON A SLIDING SCALE. THERE'S A CAP ON THE MIX USE OF 350, BUT THEY MIGHT ONLY DO 100 AND 50 THERE AND DO 350 IN THE BACK. BUT IF THEY DO 350 HIT THE CAP, THEY'RE ONLY DOING 150 IN THE BACK BECAUSE THERE'S STILL THERE'S STILL A 500 TOTAL, AND THAT'S MEANT TO BE ABLE TO SHIFT A LITTLE. BUT SO THE, UM, DEVELOPMENT THAT'S AROUND THE MIXED USE COMPONENT IS COMPATIBLE JUST A THIRD, BUT THAT WILL NEED WITHOUT THAT PIECE THAT YOU'RE SAYING THAT WOULD NEED TO BE ADDED TO THE PIECE. THE 500 NEEDS TO BE ADDED IN THERE. IT WAS DISCUSSED ALL ALONG, BUT I THINK SUZANNE WAS NOT IN THOSE DISCUSSIONS AND SHE'S THE ONE THAT DID THE BULK OF THE, UM, COMPOSITION OR OR WORKING WITH THE APPLICANT TO DO THAT. AND IT IT GOT LEFT OUT. BUT YES, SIR. IT DOES. NEED TO BE IN THERE. THAT WAS THE REASON FOR MY QUESTION, BECAUSE WHEN I LOOKED AT THE MAP THIS THIS PHOTO I'M TRYING TO FIGURE OUT HOW IS THERE? MORE APARTMENTS IN THE SMALLER BUILDING IN THE AND THE STUFF UP TOP, SO THAT MAKES SENSE. COME OUT. LET ME MAKE SURE TOO AWESOME. WE ASK THE QUE, UH, A LITTLE BIT AGO. WE'RE REDUCING THIS PD REDUCES THE ORDINANCE. SIZE OF APARTMENTS. FROM 850 TO 750, BUT IT'S ALSO THIS. PD IS ALSO ADDING EFFICIENCY UNITS, WHICH WE DO NOT HAVE IN OUR ORDINANCES, SO THAT'S A NEW AND THAT'S 570 SQUARE FEET. IS THAT RIGHT? ARE THOSE COUNTED IN THE 500 TOTAL.

    YES, THEY'RE CONSIDERED UNIT MAXIMUM. OK? THERE'S ALSO A 10% CAP ON THOSE IS A 10 PER CENT CAP OF TOTAL NUMBER OF THOSE SO MEAN THEY WANTED THAT MANY. BUT WOULD THOSE BE LOCATED ANYWHERE? I MEAN, WHERE THE MULTI FAMILY IS ALLOWED BOTH THE ORDINANCE IS WRITTEN TO ALLOW THEM IN BOTH ZONES. YES. ANY OTHER QUESTIONS FOR STAFF AT THIS POINT. THANK YOU, SUZANNE.

    THANK YOU VERY MUCH. LET'S GO AHEAD. THIS IS A REGULAR GENDER ITEM NUMBER FOUR, AND WE'LL GO AHEAD AND OPEN THE PUBLIC HEARING AT THIS TIME. IF UH, THE APPLICANTS HERE THIS EVENING WOULD LIKE TO COME FORWARD AND SPEAK AND GO THROUGH A PRESENTATION. I BELIEVE THIS EVENING. UH JUST ASK THAT EVERYONE THAT COMES FORWARD DURING OUR PUBLIC HEARING STATE YOUR NAME AND ADDRESS FOR THE RECORD AS YOU DO COME FORWARD.

    HELLO THERE. LAURIE MEDINA, UH, 4308 SHAMROCK DRIVE, FRISCO. UM THANK YOU ALL SO MUCH. AND UM, I THINK A COUPLE OF Y'ALL WEREN'T HERE WHEN I KIND OF INTRODUCED OUR TEAM, AND, UH, JUST WANNA KIND OF GO BACK THROUGH. WE'VE GOT A LARGE TEAM HERE, AND THE REASON IS BECAUSE IT'S A BIG AND EXCITING PROJECT AND WE REALLY WANT THE VERY BEST PEOPLE INVOLVED WITH THIS. UM AS DURING THE WORK SESSION, UH, MR HOOVER MENTIONED THAT WE HAVE HAD MULTIPLE MEETINGS WITH, UM CITY STAFF WITH TOWN COUNCIL WITH THE MAYOR, UH, TALKING ABOUT THIS. UH, PROJECT GETTING THEIR FEEDBACK, LISTENING, ADJUSTING, TWEAKING MOVING? UH, BECAUSE WE WANT THE VERY BEST PROJECT FOR PROSPER. AND SO, UM, ANYWAY, SO I JUST WANT TO TELL YOU WHO IS ALL HERE TONIGHT. UH, FIRST OF ALL, WE HAVE THE LANDOWNER. HIS NAME IS CHRISTIAN E MAGATA. CHRISTIAN IS HERE, AND HE'S ON THE LAND. UH, FOR TWO YEARS, AND , UM, HE HE REALLY HAD SOME EARLY IDEAS FOR THE LAND. AND REALLY, IT WASN'T GRAND ENOUGH, AND HE BROUGHT IN A PARTNER AND IT'S SEAN ELLIS, AND HE'S THE CEO AND FOUNDER OF HOUSE OF TANGRAM. UM MR ELLIS. HE UM, HAS DECADES OF EXPERIENCE IN HOSPITALITY, AND SO HE HAD THE REAL VISION TO REALLY CREATE THIS REALLY SPECIAL DYNAMIC DEVELOPMENT. UM WE HAVE OUR CIVIL ENGINEERS HERE WE HAVE, UH, MIKE MARTINI FROM SPIRES. WE HAVE OUR ARCHITECTS, OF COURSE. BARRY HAND WITH G. KINSLER WE HAVE OUR LEGAL COUNSEL ON THE

    [00:20:03]

    LAND, BILL DAST, AND I BELIEVE WE HAVE, UM SEAN ELLIS' OUTSIDE COUNSEL. JOHN SHEA FROM SHENSTONE IS HERE ALSO. SO WE HAVE A BIG GROUP AND AGAIN WE WANNA HAVE A LOT OF EXPERTS THAT WE BROUGHT IN TO WORK ON THIS PROJECT AND, UH, VERY EXCITED ABOUT AND ALL YOUR QUESTIONS HAVE BEEN FANTASTIC. SO WE'RE THEY'RE THEY'RE GOOD QUESTIONS. WE'RE GLAD WE APPRECIATE Y THANA . MY ADDRESS IS 58 04 SOUTH WIND LANE IN MCKINNEY, UH, JUST WANTED TO THANK YOU ALL, UH, THE STAFF AND YOU ALL FOR HEARING OUR PITCH. I JUST WANT TO I JUST ECHO LAURIE'S COMMENTS AND SAY ME AND SEAN, WE REALLY WANTED TO BUILD SOMETHING THAT THE TOWN OF PROSPER THE CITIZENS OF PROSPER.

    WE AS DEVELOPERS COULD BE PROUD OF THAT I COULD HAVE MY CHILDREN FEEL PROUD OF MY SONS HERE AS WELL. AND SEAN'S SEAN'S MOVING TO PROSPER. SO THAT SHOWS HER COMMITMENT AND SOME OF THE THINGS YOU SEE IN THE PLAN WERE ALSO DRIVEN BY WHAT G HAS FOUND OUT FROM THEIR RESEARCH ALL OVER URBAN SPACES, RIGHT? WE JUST DIDN'T WANT MULTI FAMILY FOR THE SAKE OF MULTI FAMILY. WE WANTED MULTI FAMILY SO THAT IT CAN ACTIVATE THE CARBON HOTEL RIGHT? ALL ALL THE MEMBERS THERE WOULD HAVE GYM MEMBERSHIPS THAT WILL ACTIVATE THE GYMS, AND IT'S A SPORTS HOTEL WITH HIGH ALTITUDE TRAINING AND THINGS LIKE THAT. ALL THE ALL THE FITNESS ENTHUSIASTS AND HEALTH ENTHUSIASTS WILL HAVE AN OPPORTUNITY. WE WANTED TO MAKE IT A DESTINATION WHERE PEOPLE SAY HEY, I'M STAYING HERE, NOT BECAUSE THE RENT IS CHEAP. I'M STAYING HERE BECAUSE IT'S A GREAT DESTINATION, RIGHT? I HAVE GOOD FOOD TO EAT. I HAVE IT JIM AND HOTEL AND IT'S THE AMBIENCE.

    THERE'S WATER. THERE'S A LOT OF BOUTIQUE RETAIL EXPERIENCES. WE ARE NOT JUST PUTTING SOME BOX STRIP MALLS AND THINGS LIKE THAT. SO JUST WANTED TO THANK YOU ALL, BUT WE TRADE OUR COMMITMENT TO BRING THE BEST TO NORTH TEXAS. WE WANTED THIS TO BE ONE OF THE BEST DEVELOPMENTS THAT ALL OF US CAN FEEL PROUD OF. SO THANK YOU. THANK YOU. GREAT POINTS. MY NAME IS BARRY HAND. I'M AN ARCHITECT AND PRINCIPAL AT GINZLER, 5005 GREENVILLE AVENUE. FOR THOSE OF YOU THAT WERE IN THE FIRST SESSION. APOLOGIES. UH DO YOU WANT US TO REPLAY THE PRESENTATION FOR THIS HEARING, SIR? I THINK THIS IS OUR PUBLIC HEARING. I WOULD GO THROUGH THE PRESENTATION IN TOTAL, IF VERY GOOD. UH, AS KRISHNA MENTIONED, WE WANTED TO DO SOMETHING DIFFERENT HERE. I MENTIONED IN THE WORK SESSION THAT YOU KNOW WE'RE NOT TRYING TO BE LEGACY WEST. YOU CAN'T BE LEGACY WEST HERE ON 35 ACRES. WE'RE NOT TRYING TO BE GATES OF PROSPER.

    WE HAVE TO DO SOMETHING THAT DIFFERENTIATES, UH AND COMPLIMENTS WHAT'S GOING ON IN THE MARKET, AND THAT IS A THAT'S KIND OF A NARROW LANE TO TREAD AND GET IT RIGHT. BUT WE'VE GOT A TEAM OF EXPERTS THAT WE THINK HAVE DONE THAT, UH, AS I MENTIONED EARLY ON, OR, AS KRISHNA MENTIONED, THE MULTIFAMILY IS IMPORTANT HERE. UH, THE RESIDENTIAL, YOU KNOW, I SPENT THE DAY TOURING SMALL, UH, SUBURBAN DOWNTOWNS WITH THE CITY OF CARROLLTON. WE'RE DOING A DOWNTOWN MASTER PLAN FOR CARROLLTON. AND WE WERE TOURING WITH THEIR COUNCIL AND STAFF. UH DIDN'T LOUISVILLE CAROL? UH GARLAND, PLANO BISHOP ARTS AND THEY WERE ON THEIR WAY TO MCKINNEY WHEN I LEFT THEM TO COME HERE. IN ALL OF THOSE PLACES TO ACTIVATE THEM. YOU NEED THAT 18 HOUR DAY. YOU NEED THE ACTIVATION OF RESIDENTIAL IN ALL OF OUR SUCCESSFUL DEVELOPMENTS. IT'S ABOUT HAVING A COMMUNITY AND OTHERWISE IT EVERYTHING CLOSES AT FIVE O'CLOCK. I KNOW YOU'VE HEARD THESE PRESENTATIONS. AS PLANNING COMMISSIONERS AND YOU UNDERSTAND THAT AS WELL AS ANYONE IN YOUR MARKET. WHAT MAKES THESE MIXED USE DEVELOPMENTS WORK? SO, UH, MR CHAIRMAN, I AM GOING TO REPLY JUST A LITTLE BIT FOR THE SAKE OF THOSE THAT HAVE JOINED US, UH, NEW HERE IN THE HEARING. UH WE SPENT, UH, A FEW DAYS AND WEEKS EARLY ON, KIND OF, UH, LOOKING AROUND PROSPER. WHAT IS THE HERITAGE HERE? OBVIOUSLY IT WAS A TRAIN STOP. IT WAS A FARMING COMMUNITY. FOR MANY YEARS WHEN I WAS A CHILD, I LIVED, UH IN FAR NORTH AND WE WOULD TRAVEL AT PRESTON ROAD TO GO SEE MY GRANDPARENTS AND, UH, I REMEMBER COMING THROUGH PROSPER KIND OF COMING UP THE HILL AND STOPPING AT A STOP SIGN. SEE THE GRAIN ELEVATORS AND WHAT HAVE YOU AND THAT WAS BACK IN THE 19 SEVENTIES, SO OBVIOUSLY A LOT HAS CHANGED SINCE THEN. BUT WHAT'S NOT CHANGED AND GOING BACK TO CHRISTIAN SHAN'S POINT, DOING SOMETHING DIFFERENT HERE, BUT ULTIMATELY THAT'S ROOTED IN AUTHENTICITY. I MENTIONED WE WE'RE NOT TRYING TO DO LEGACY WEST HERE. THAT WOULD BE A TERRIBLE MISTAKE. WE'RE NOT TRYING TO DO BISHOP ARTS HERE. THAT TOO WOULD BE A TERRIBLE MISTAKE. IT NEEDS TO BE SOMETHING OF PROSPER. AS SOON AS YOU OPEN THE INTERNET AND GOOGLE PROSPER, YOU START FINDING IMAGES LIKE THIS. IT'S OBVIOUS THAT YOUR CITIZENS THINK A LOT OF THIS KIND OF AGRARIAN PAST THE UTILITARIAN BEAUTY OF THE GRAIN ELEVATORS IN THE FARMING, UH, INFRASTRUCTURE AS WELL AS THE TRAIN. I MEAN, YOU CAN SEE JUST FROM THESE WEDDING AND FAMILY PHOTOS THAT IT MAKES FOR A GREAT BACK. SO THAT WAS KIND OF A VISUAL CUE. INCLUDE TO US, UH, I MENTIONED EARLIER ON THE

    [00:25:02]

    HERITAGE OF THE PRAGMATIC, UH, RAILROAD AND FARMING HERITAGE. UM, I DON'T KNOW HOW MANY FARM HOW MANY. WHAT PERCENTAGE OF YOUR COMMUNITY IS IN FARMING ANYMORE. IT'S PROBABLY A SMALL PERCENTAGE BASED ON THE GROWTH BECAUSE MOST OF ALL OF YOU LOOK PROFESSIONALS LIKE ME AND PROBABLY NOT TOO MANY HANDS UP THERE THAT LOOK LIKE THIS RIGHT SIDE. BUT ULTIMATELY THAT'S AN ETHOS THAT WE WITH THE CLIENT WANTED TO TAP INTO. UH, SOMETHING OF THE EARTH SOMETHING THAT'S AUTHENTIC THAT CITIZENS HERE WILL HAVE THE SAME AFFECTION FOR THAT THEY DID IN THOSE EARLIER IMAGES. UH, I MENTIONED THIS PRESENTATION IN THE WORK SESSION. JUST GOING THROUGH SOME QUICK, ASPIRATIONAL IMAGES. THESE ARE INSPIRATIONAL IMAGES ALSO, UH, JUST KIND OF TAPPING INTO THE ADAPTIVE REUSE. UH CHARACTERS. UH YOU'VE GOT A GREAT DESIGN GUIDELINE IN PLACE FOR YOUR DOWNTOWN RIGHT NOW. THAT'S BASED ON A LOT OF THIS. KIND OF HISTORIC, UH, REFERENCES TO TURN OF THE CENTURY MERCANTILE AND MANUFACTURING BUILDINGS AND THAT'S WHAT UH, THIS THIS STORYBOARD HERE KIND OF IS ON THE WALL IN OUR STUDIO AND ACTS AS AN INSPIRATION FOR WHERE WE'RE HEADED. MR ELLIS CHALLENGED US EARLY ON TO DO SOMETHING DIFFERENT. UH, WE'RE NOT TRYING TO RECREATE A HISTORIC PLACE, BUT WE WANNA LEARN FROM THOSE BUILDINGS, LEARN FROM THAT VOCABULARY AND ULTIMATELY STITCH IT IN. UH, AGAIN FOR CONTEXT. THIS IS THE 35 ACRE SITE. IT IS A GOOD POINT TO REFERENCE THAT THE PD WERE WORKING WITHIN IS 47. WE'VE CARVED DOWN TO THIS 35 ACRES ON ON THE EAST SIDE OF SHAWNEE TRAIL. SO AGAIN, SHAWNEE AND PROSPER TRAIL BOUNDED BY THE TOLLWAY ON THE EAST SIDE. WE DO HAVE A DRAINAGE WAY THAT RUNS ACROSS THE PROPERTY. UH, EAST WEST. AND THEN JUST A QUICK OVERVIEW FROM THE BIRD'S EYE VIEW OF WHAT THE PROJECT IS, UH, KIND OF FROM AN AERIAL SHOT OVER THE INTERSECTION LOOKING ACROSS THE RETAIL VILLAGE. I'LL GO THROUGH THESE IN SPECIFICS IN A IN A MINUTE, BUT LOOKING ACROSS THE RETAIL VILLAGE, UM AND THEN YOU'VE GOT AN EVENT CENTER THAT WILL POINT OUT THE CORE IS THAT MIXED USE CORE OF VERTICAL MIXED USE WITH RETAIL, DINING AND RESIDENTIAL. YOU'VE GOT HOT, A BAND OF HOTELS THAT RUN ALONG THE NORTHERN SIDE OF THE WATERWAY. AND THEN THE URBAN LIVING RESIDENTIAL, UH, UP ON THE NORTHERN EDGE. ALL OF THIS IS TO WORK TOGETHER AGAIN TO MAKE THAT 18 HOUR DAY, UH, FROM OFFICE ON THE BOTTOM LEFT OVER RETAIL TO THE RESIDENTIAL. UH, WE NEED THIS TO WORK AT LEAST 18 HOURS A DAY. UH, SPECIFICALLY THE ARTS VILLAGE. UH, THIS IS A LONG PRO TRAIL AT THE CORNER OF SHAWNEE. UH, YOU'VE GOT THE SPORTS, UH, SKI FACILITY THAT WAS MENTIONED IN THE WORK SESSION ON THE FAR RIGHT COMING A LONG PROSPER TRAIL. YOU YOU BEGIN TO DEVELOP THIS VILLAGE OF RETAIL AND CRAFT BUILDINGS. THERE IS A AN EVENT VENUE IN THE PROJECT. UH, THAT WE THINK WILL WILL CREATE FOOTFALL IN THE EVENINGS AND WEEKENDS AND THEN LAST, BUT NOT LEAST AS YOU COME FAR ON THE WEST OF THIS RETAIL VILLAGE YOU'VE GOT, UH THE RETAIL AND DINING BUILDINGS ALONG THE WATERFRONT IN ALMOST ALL CITIES NOW, DINING OPPORTUNITIES ALONG A WATERWAY IS ON THE CHECKLIST. SO WE REALLY WANNA EXPLOIT THAT. AND THEN THIS THREE STORY BUILDING THAT YOU SEE ON THE LEFT HERE, THIS WOULD BE AN OFFICE BUILDING. WITH ABOUT 50,000 FT OF BOUTIQUE OFFICE. IT'S THIS IS FOR CREATIVE CLASS PROFESSIONALS, PROFESSIONAL SERVICES. UH TH THIS HAS BEEN VERY SUCCESSFUL IN OUR OTHER MIXED USE PROJECTS LIKE LEGACY AND WE'RE PLANNING QUITE A BIT OF THIS AT FIELDS. SO THAT'S TWO FLOORS OF OFFICE OVER A RETAIL PODIUM. AND THEN YOU'VE GOT KIND OF THIS ICONIC RESTAURANT TYPE, UH, BUILDING ON THE BOTTOM CORNER. JUST SOME QUICK IMAGERY AGAIN. THESE ARE CONCEPTS THAT CAME, UM OUT OF BUILDINGS THAT FRANKLY HAVEN'T BEEN DESIGNED YET. THESE ARE THIS IS A COLLAGE. YOU KNOW, IT'S SETTING A THEME, SETTING A TONE. OF THE FINAL DESIGN THAT WILL GO INTO THESE BUILDINGS. UH AND THEN YOU CAN BEGIN TO SEE THE TEXTURE AND THE ARTISTRY THAT'S IN THIS PLACE. WE'D LOVE TO SEE A SERIES OF GALLERIES HERE. WE'D LOVE TO SEE A SERIES OF ARTISANS AND UNIQUE LOCAL RETAILERS IF POSSIBLE. UH, THIS IS A CONCEPT VIEW, LOOKING FROM THE NORTH BACK TOWARD THE SOUTH OVER THE LITTLE BRIDGE TO THE EVENT VENUE. UM THE WATERWAY ENHANCED WATERWAY THAT YOU SEE GOING LEFT TO RIGHT HERE AND THEN YOU CAN SEE THE RETAIL BUILDINGS IN THE BACKGROUND. YOU'RE BEGINNING TO SEE KIND OF THE TONE OF THOSE BUILDINGS. UH, SOMEWHAT MIMICKING WHAT'S GOING ON ON THIS SIDE OF THE TOLLWAY. AND THEN THE, UH NORTH. WHAT'S LOOSELY CALLED THE NORTH VILLAGE RIGHT NOW. JUST IS THE PIECE ON THE NORTH SIDE OF THE WATERWAY.

    UH, WE TALKED ABOUT A LOT IN THE WORK SESSION. THIS I DON'T THINK I CAN POINT AT THAT SCREEN, BUT, UH, THIS IS THE CORE OF THIS PROJECT IS WHERE THE RETAIL DINING AND VERTICAL RESIDENTIAL WOULD BE OVER THAT PODIUM, AND THIS ALL WORKS TOGETHER WITH THE RETAIL VILLAGE AND YOU CAN SEE

    [00:30:02]

    HOTEL CARBON ON THE RIGHT WITH THOSE AND HAO ON THE LEFT AGAIN. WE THINK THE EVENT VENUE IN THE VILLAGE. UH, WORKS VERY WELL TOGETHER WITH THE RETAIL, DINING, RESIDENTIAL AND ULTIMATELY, THE HOTEL. INFRASTRUCTURE THAT YOU SEE IN THIS DIAGRAM. WE THINK THIS WOULD BE A NATURAL PLACE FOR WEDDING PARTIES TO SPEND AN ENTIRE WEEK A WEEKEND IF NOT A WEEK. SO QUICK CONCEPT VIEWS FOR THOSE VOS IS THE HOTEL CONCEPT IN THE BACKGROUND HERE WRITING ABOUT 85 UNITS, AND THEN HOO IS THE COMPARTMENTALIZED. UH, PODS, UH, ON THE WATERFRONT. UH, THERE WAS DISCUSSION IN THE EARLY UM, PRESENTATION ABOUT THESE ARE PRETTY MUCH UNDER THE SAME RESERVATION SYSTEM. THE SAME CHECK IN AND HOUSEKEEPING INFRASTRUCTURE YOU CHOOSE WHEN YOU CHECK IN WHICH TYPE OF HOTEL ROOM WOULD LIKE. UH, THIS IS A TWILIGHT SHOT LOOKING KIND OF BACK TO THE NORTH. UH, THIS HOTEL IS ORIENTED A LITTLE BIT TO THE SOUTHEAST. THIS VIEW IS FROM THE SOUTHEAST. WE REALIZE WE'VE GOT OFFICE AND RESIDENTIAL INFRASTRUCTURE ACROSS SHAWNEE TRAIL FROM US. SO THIS VIEW IS KIND OF BEEN CURATED TO FOCUS TO THE SOUTH AND SOUTHEAST. UM THESE ARE SOME, UH CONCEPTUAL MARKETING IMAGES FOR THE INTERIORS. AT THOSE AMENITY SPACES IN THAT TERRACED HOTEL VOS. THIS IS A TYPICAL RIM. YOU SAW A LOT OF TERRACES, INDOOR OUTDOOR TERRACES IN THAT HOTEL. AND LAST, BUT NOT LEAST. THIS IS THE HACO PODS THAT ARE AT THE BASE OF THOSE AND ALONG THE, UH, WATERWAY. BACK ON THE SOUTH SIDE OF THE RIVER. LOOKING BACK UP, UH, INTO THE NORTH VILLAGE OF THE CORE. UH, THIS IS RETAIL DINING BUILDINGS ON THE RIGHT.

    YOU CAN SEE IT'S A VERY GRAPHIC AND ENVIRONMENTAL GRAPHIC GRAPHIC BY NATURE. AND THEN YOU CAN SEE THE THREE AND FOUR STORY MULTIFAMILY THAT'S ABOVE THE RETAIL PODIUM. RIGHT THERE ON THE EDGE OF THE WATER. UH, LAST, BUT NOT LEAST ON THE HOTELS IS HOTEL CARBON. THIS IS SOMETHING WE'RE ALL EXTREMELY EXCITED ABOUT, BECAUSE IT'S KIND OF A FIRST OF ITS KIND THAT'S BEEN PATENTED BY SEAN IN HIS GROUP. UH, HOUSE OF TANGRAM. UH IN THE FOREGROUND HERE IS HOTEL CARBON, WHICH IS A SPORTS AND PERFORMANCE ORIENTED HOTEL. UM CENTERED AT A AT A TEAM MARKET.

    UH, WE THINK A LOT OF THE PATRONS HERE WOULD COME IN BUSES AND THERE WOULD ALSO BE, UH, SOME REHAB AND SPORTS MEDICINE. INFLUENCE THAT HAPPENS HERE AS WELL. UM JOHN CAN TALK A LOT ABOUT THE SCHEDULE OF THIS AND THE, UH, INVESTMENT BEHIND THIS AND WHAT'S DRIVING THAT WHICH IS THE OPENING OF THE WORLD CUP GAMES IN THE SUMMER OF 26, SO THERE'S A PRETTY QUICK PUSH TO GET THIS HOTEL UP AND OUT OF THE GROUND, AND THEN IN THE BACKGROUND THERE, YOU CAN SEE THE XO TWO TOWER, WHICH IS, UH, AGAIN RESIDENCES FOR REHABBING AND THERE'S A SPORTS MEDICINE AND MEDICAL. UH CLINIC ON THE BOTTOM OF THAT, UH, THESE THIS HOTEL IS BUILT AROUND. ATHLETES UH, THIS IS NOT YOUR AVERAGE STAY. THIS IS FOR ATHLETES WHO GOT EXTENDED BEDS. YOU'VE GOT EXTENDED DOOR HEIGHTS HIGHER THAN AVERAGE CEILINGS. UH AND JUST DIFFERENT AMENITIES AND OXYGENATED ROOMS FOR ATHLETES AND THEY'RE ACTUALLY IS A HUGE MARKET FOR THIS WE'VE DISCOVERED AND THAT'S WHAT SEAN AND HIS TEAM HAVE PATENTED. HE CAN ANSWER TONS OF DETAILED QUESTIONS ABOUT THIS. UH, BUT THE SKIN ON THIS IS VERY MUCH A CONCEPT, BUT IT'S DESIGNED UH, TO PROJECT A PARTICULAR TONE TOWARD A PARTICULAR MARKET. UH, THE DROP OFF SEQUENCE HERE AGAIN. THIS IS SOMETHING THAT WE WANNA ROLL OUT NATIONWIDE, IF NOT WORLDWIDE, AND THE FIRST ONE WOULD BE HERE IN PROSPER FOR THE WORLD CUP GAMES. AND THEN JUST SOME QUICK IMAGES OF INTERIOR AGAIN. THIS IS THIS IS A BIT OF A METAPHOR FOR WHAT THE INTERIORS WOULD FEEL LIKE THE MATERIALITY HOW THAT COMES TOGETHER. YOU CAN SEE THE FITNESS CENTER AND REHAB, UH, PERFORMANCE CENTER UP ABOVE. WITH AMENITY BARS AND FOOD SERVICE DOWN BELOW. OTHER AMENITIES IN THE HOTEL CARBON. SEAN COULD TALK AT LENGTH ABOUT THESE AND THEN LAST, BUT NOT LEAST, WE SPENT A LOT OF TIME TALKING ABOUT THE RESIDENTIAL ON THE NORTH END OF THE PROJECT.

    THIS IS INTEGRAL TO THE PROJECT. WE NEED PEOPLE TO LIVE AND WORK HERE. AS WELL AS STAY IN HOTELS, UM AGAIN. OTHERWISE THIS PROJECT CLOSES DOWN AT 5 P.M. EVERY NIGHT AND YOU KNOW AS WELL AS WE DO IN EVEN IN THE SUCCESSFUL PROJECTS AROUND YOU, THEY HAVE VERY ROBUST AND VIBRANT RESIDENTIAL. THIS IS A VIEW FROM THE NORTH, LOOKING DOWN THE SERVICE ROAD OF THE DALLAS NORTH TOLLWAY. UH, THIS IS THE XO TWO TOWER. UH THERE IS CAPABILITY OF 14 STORIES. AS YOU TAPER BACK TOWARD THE TOLLWAY. YOU CAN SEE THE HOTEL CARBON IN THE BACKGROUND I MENTIONED IN THE WORK SESSION. THIS RENDERING OF THE RESIDENTIAL IN THE FOREGROUND IS NOT 100% CURRENT BECAUSE IT CLOSES IT TURNS AND CLOSES THE PARKING LOT OFF TO CREATE MORE OF AN URBAN EDGE

    [00:35:06]

    ALONG THE TOLLWAY. I'M GONNA STOP ON THIS PLAN RIGHT HERE BECAUSE I KNOW THERE'S A LOT OF DISCUSSIONS, UH, THAT ARE COMING ABOUT THIS. UH, IF THERE WAS ANY CONFUSION IN THE PD ABOUT, UH, THE NUMBER OF UNITS WE ARE ABLE TO COMMIT TO A CAP OF 500 UNITS WHEREVER THAT IS, AND THAT'S NOT UNCOMMON IN THESE PROJECTS. WE HAVE A PROJECT IN RICHARDSON RIGHT NOW, THAT HAD KIND OF FUNGIBLE UNITS. YOU KNOW THE THEY USE 350. IN ONE, WE WERE ABLE TO SPREAD 100 AND 76 AROUND TO ANOTHER UNIT. SO ULTIMATELY WE DON'T INTEND TO, UH SURPASS 500 UNITS, NO MATTER WHERE THEY ARE, UH, BUT AGAIN IF I COULD JUST WALK YOU THROUGH THE COMPONENTS OF THIS PLAN JUST AS A SUMMARY THE RETAIL VILLAGE ON THE BOTTOM LEFT IN A VERY ONE AND TWO STORY SCALE, CORRESPONDING TO THE RESIDENTIAL AND OFFICE VOCABULARY ACROSS SHAWNEE TRAIL AND ACROSS PROSPER TRAIL. UM AND THEN YOU'VE GOT THE RETAIL CORE, WITH VERTICAL MIXED USE IN THE VERY CENTER OF THE PROJECT ON IN FOUR THROUGH N SEVEN. HOTEL CARBON AND EXO TWO TOWER WITH ITS MEETING FACILITIES AND REHAB FACILITY. IS INNATE AND IN NINE ON THE FAR RIGHT SIDE BY THE TOLLWAY MULTIFAMILY ALONG THE TOP WITH, UH, THAT'S THE URBAN EDGE FOUR AND FIVE STORY PRODUCT WITHIN ONE AND TWO BEING. UH, THE VOTES AND HACO. HOTEL PODS LAST BUT NOT LEAST THE N THREE TOWER. MR CARSON. I THINK YOU ASKED THIS QUESTION IN THREE IS A MULTI-PURPOSE. UH, PARKING DECK.

    YOU CAN SEE THE UNITS ON THAT IN THE METRICS TABLE. THAT IS A MULTI-PURPOSE DECK THAT SERVES EVERY BUILDING AROUND IT. UH, THIS IS A WALKABLE COMMUNITY. UM, THIS IS AN OPTIMUM TEST FIT.

    IT IS VERY TIGHT. UM WE'VE GOT SEQUENCING. I THINK YOU SAW IN YOUR PACKET THAT WORKS FROM THE BOTTOM FROM THE TOP RIGHT DOWN THROUGH THE CORE OF THE PROJECT. AND OUT ON THE BOTTOM LEFT.

    THAT'S CUR SEQUENCING. ULTIMATELY WE DON'T KNOW WHAT THE MARKET AND UNDERWRITERS WILL DICTATE FOR THE PROJECT. BUT WE KNOW WE HAVE, UH, SEAN'S MENTIONED. WE'VE GOT FINANCING FOR N NINE AND N EIGHT. HOTEL CARBON AND THE RESIDENTIAL TO GO OUT OF THE GATE AS WE SPEAK. I'M GONNA LEAVE IT THERE. MR CHAIRMAN, AND I KNOW WE'VE GOT LOTS OF POSSIBLE QUESTIONS. I'LL LEAVE IT RIGHT THERE. WELL, I APPRECIATE THE PRESENTATION, GREAT JOB, AND THAT'S IT LOOKS VERY NICE. WELL DONE, SO I'LL TAKE YOU BACK TO THE COMMISSIONERS FOR QUESTIONS AT THIS POINT. I HAD A QUICK QUESTION. WELL. A QUESTION. SO YOU MENTIONED THE WORLD CUP AND HAVING EVERYTHING DONE TO CAPITALIZE ON THE WORLD CUP. UM SOME OF THE GAMES BEING PLAYED HERE IN THE AREA. YOU'VE GOT THREE PHASES. WOKE UP 2026. SO I'M GUESSING WE GOT ABOUT A YEAR AND A HALF. TO GET ALL THREE PHASES COMPLETE. IS THAT THE PLAN? NOT QUITE, UH, SEAN ELLIS, UH, FIVE COWBOYS WAY. HOUSE OF TANG GRAM. UM NOT QUITE ABOUT 18 MONTHS TO GET HOUSE, UH TO GET, UH, HOTEL CARBON UP AND OSTENSIBLY COMPLETE. WE NEED TO BE ABLE TO TAKE TOURS AND THAT SORT OF THING PEOPLE THAT ARE IN TOWN WE DON'T EXPECT TO, UH, SLEEP ROOMS DURING THE WORLD CUP. JUST MOSTLY COMPLETE SO THAT WE CAN, UH, DEBUT THE FACILITY. UM SO THE HOTEL SO THE ONLY THING THAT WILL BE DONE BY 2026 WILL BE HOTEL CARBON. NO, SORRY. UH, THE OR YOU'LL HAVE A STRUCTURE UP TO SORT OF SHOW AND THE MULTIFAMILY AS WELL WITH HOTEL CARPENTER HOTEL CARBON IS THE I IN THE FIRST PHASE. YOU HAVE THAT PHASING. I SEE. OK OK, YOU'VE GOT IT. YEAH I'M LOOKING AT IT NOW, UM, AND FORGIVE ME. I'M NOT LOOKING. I'M NOT READING TEXT. I ACTUALLY HAVE THE WHOLE PRESENTATION ON MY PHONE. I'M WAITING ON MY IPAD. SO LOOKING AT THIS, SO PHASE ONE. YOU'VE GOT FOR MULTIFAMILY STRUCTURES. YOU'VE GOT YOUR PARKING GARAGE AND A HOTEL CARBON. AND THEN, OF COURSE, THE OFFICES AND, UH, I'M ASSUMING ANOTHER HOTEL. SPACE TO SUPPORT THE HOTEL CARBON CORRECT ? YES IT'S A IT'S THE MEDICAL AND THEN THE TOWER. OK HOW MUCH OF AND THAT'S ALL IN PHASE ONE? HOW MUCH OF THAT? IF ANY, DO YOU PLAN TO BE TO HAVE COMPLETE BY 2026? I WOULD EXPECT THE MULTIFAMILY TO BE COMPLETE AND ALL OF THE HOTEL CARBON WOULD BE FINISHED IN 2026, BUT NOT FOR THE WORLD CUP. IS IT BECAUSE OF THE SUMMER? RIGHT SO THE ONLY THINGS THAT WILL BE COMPLETE BY THE TIME WORLD CUP BEGINS IN 2020 SUMMER 2026. SO LET'S SAY TWO YEARS WILL BE THE FOUR MULTIFAMILY STRUCTURES. AND THE PARKING GARAGE. MEDICAL LIKELY, UH, THAT THAT BUILDING IN ADDITION TO THE FOUR AND, UH, PRETTY CLOSE ON HOTEL CAR IF WE CAN, AND THEN HOTEL CARBON WILL

    [00:40:02]

    BE THERE FOR TOURS AND THINGS LIKE THAT TO KIND OF REVIEW IT, OK, ALL RIGHT, SO I I'M TRYING TO. I JUST WANNA UNDERSTAND. HOW DOES HOW DO THE MULTI FAMILY STRUCTURES CAPITALIZE ON THE WORLD CUP? I'M JUST LOOKING TO SEE HOW IN YOUR VISION, NOT NECESSARILY SO I THINK WE ALWAYS TALK ABOUT THE ARC OF, UM UH, OF THE DAY, RIGHT? THE 18 HOURS. I THINK IT'S ALSO IMPORTANT TO TALK ABOUT THE ARC OF AGE, RIGHT. THERE'S WE CREATE AN ECOSYSTEM SO THAT ALL AGES ALL HOURS OF THE DAY ARE ACTIVATED. SO THE MULTIFAMILY IS, OF COURSE , THE FIRST PART THAT BRINGS 500 UNITS TOTAL 350 IN THE UPPER PORTION. UM TO BRING HUMANS TO THE AREA, RIGHT? AND IN THE IN HOTEL CARBON, THERE'S AN 8000 SQUARE FOOT GYM. THAT HAS, UH, YOU KNOW, UM OXYGENATION, THAT SORT OF THING. WE WANT THOSE PEOPLE TO BE TO TAKE PART IN HOTEL CARBON AND ACTIVATE IT IN THE MORNING AND IN THE AFTERNOON, THAT SORT OF THING. SO I, I DON'T THINK YOU CAN SAY LIKE TELL ME ABOUT JUNE OF 2026. WHAT'S WHAT'S ACTIVE. IT'S HOW DO WE GET THE ENTIRE THING? UM, POPPING OVER THE NEXT THREE YEARS. I MEAN, THAT'S REALLY WHERE IT'S AT. FOR QUESTIONS. UM OK. THANK YOU, MR CHAIRMAN. I, UM LET'S TALK ABOUT THE MULTI FAMILY. THAT'S THAT'S A POPULAR SUBJECT TONIGHT. UH, SO I'M CURIOUS. LET ME THE PICTURES THAT YOU SHOWED AT THE BEGINNING. VERY BEGINNING OF THE PRESENTATION. SHOWING PICTURES OF PROSPER AND EVERYTHING. YOU YOU HAD A LOT OF PICTURES OF FAMILIES. UH BUT THE WHAT YOU'RE PROPOSING. HERE ARE PRETTY SMALL APARTMENTS. UM SO THAT'S NOT NECESSARILY FAMILY ORIENTED. THE KIND OF PICTURES AND EVERYTHING I WOULDN'T THINK THAT'S I ASSUME YOU'RE TRYING TO TARGET MORE INDIVIDUAL. UH, YOUNG PROFESSIONALS. SINGLES THOSE KIND OF THINGS WOULD THAT BE GEN. GENERALLY SPEAKING, UM YOU KNOW, MULTIFAMILY LIKE THIS THAT HAS AN 850 SQUARE FOOT UNIT AVERAGE. IS TYPICALLY A SINGLE PROFESSIONAL AND OR A COUPLE, A MARRIED COUPLE WHO IS PROFESSIONAL. UM NOT A LOT OF CHILDREN LIVE IN UNITS LIKE THIS. THERE ARE OCCASIONAL WEEKENDERS AND THINGS LIKE THIS, BUT THE PERCENTAGE OF THE PERCENTAGE OF UNITS HERE THAT WOULD SERVE CHILDREN IS RATHER SMALL. YOU KNOW THAT, UH FROM OTHER UNITS YOU PROBABLY HAVE IN YOUR COMMUNITY, UH, BUT TO SEAN'S POINT, IT'S IMPORTANT TO BRING THAT ACTIVATION IN THE BEGINNING. AND THEN YEAH, A DENSE LOOK. THE SINGLE FAMILY NEIGHBORHOOD IS ALIVE AND WELL IN AMERICA AND CERTAINLY IN PROSPER. BUT THIS IS KIND OF A COMPLIMENT TO THAT. WE KNOW THERE'S DISPOSABLE INCOME AND DESIRE TO BE OUT THERE DOING SOMETHING COOL, AND THAT'S REALLY WHAT THIS PROJECT IS ABOUT FOR YOUR CITIZENS THAT LIVE IN THE SINGLE FAMILY NEIGHBORHOODS BUT WANT TO COME INTO COMMUNITIES LIKE THIS. QUICK QUESTION JUST FROM A BUSINESS. I'M YEAH. PLEASE PLEASE AVERAGES. 750 THE SMALLEST NOT NOT AS AN AVERAGE OR THE LARGE. THIS IS FOR THE EFFICIENCY. NO, NO, UH, SQUARE FOOTAGE. IT'S JUST BASED ON THE FEEDBACK WE WERE GETTING AND TO YOUR QUESTION, MR LANCET ON ON THE PICTURES AND ALL OF THAT WE WANTED THE PEOPLE TO THE TOWN OF PROSPEROUS CITIZENS TO OWN THIS PLACE. RIGHT YOU POST PICTURES AT THE PROSPERA DISTRICT. RIGHT SO WE CREATED THE FOOD SIDE OF THERE. WE HAVE, LIKE A WEDDING DESTINATION. SO WE WANT TO BE LIKE INSTAGRAMMABLE AND PEOPLE THAT CAN OWN IT AND POST IN THEIR FAMILY PORTRAITS, AND THE MULTIFAMILY IS LIKE REALLY LIKE THE YOUNG LOCAL OUT, EAT OUT A LOT MORE THAN PROBABLY THE SINGLE FAMILY RESIDENCE. BUT IT'S A MIX OF RESIDENTS THAT WE ARE TARGETING. BASED ON ONE OF THE THINGS THAT I WANTED TO ASK ABOUT TOO. I. I PHASING. I KNOW YOU DISCUSSED THIS A LITTLE BIT A WHILE AGO. BUT PHASING IS KIND OF IMPORTANT ON THIS KIND OF A PRESENTATION OR THIS KIND OF A DEVELOPMENT. I MEAN, OBVIOUSLY, I THINK WE AS A CITY I PERSONALLY I WOULD THINK I WANT TO SEE MORE RETAIL. I'D LIKE TO SEE THE RETAIL IN THERE, AND THERE'S NO RETAIL IN HERE FOR QUITE A WHILE. THERE THAT'S PHASE TWO. YOU GOT A LITTLE BIT OF RETAIL AND THEN THE MAIN RETAIL SECTION DOWN ON THE SOUTH PART IS, UH, IS P THREE. I DON'T KNOW HOW FAR AWAY THAT IS. UM BUT YOU'RE BRINGING. I UNDERSTAND THE NEED TO BRING FOR THE MULTIFAMILY TO BE PRETTY EARLY, SO YOU'RE BRINGING PEOPLE IN. BUT THERE'S NOTHING THERE FOR THEM WHEN YOU BRING THE MULTI FAMILY AND THERE'S NOTHING THERE BECAUSE YOU JUST SAID THAT THE CARBON HOTEL WON'T BE OPEN.

    FOR A WHILE. YEAH BUT AND THE ONLY THING THERE WOULD BE JUST THE, UM UH, THE, UH, WORKOUT GYM

    [00:45:08]

    AND EVERYTHING. OK WALK ME THROUGH THIS. WHAT WHAT IS THERE TO ATTRACT PEOPLE IN THE MULTI FAMILY WITHOUT THE RETAIL YET? SO I'LL I'LL ADDRESS ON EACH LIKE SEAN AND OUR TEAM. THEY WANT TO BUILD HOLY CARBON DAY. ONE RIGHT? UH BUT MULTI FAMILY IS IMPORTANT FOR THE ACT. WE MULTIFAMILY BE OPEN BY SUMMER OF 2026. PROBABLY NOT BECAUSE THAT WILL ALSO TAKE TIME. RIGHT? SO WE THINK THE MULTIFAMILY AND CARBON WILL GO. HAND IN HAND. MOST LIKELY, DEPENDING ON WHEN AND HOW WE CONSTRUCT. UH BUT BUT AGAIN, UH, YOU HAD A, UH, A GOOD QUESTION AROUND LIKE HEY, WHAT? WHERE WILL THE RETAIL BE? WE HAVE BEEN TALKING TO A VARIETY OF RETAIL PARTNERS AS WELL, RIGHT GETTING THEIR FEEDBACK. UH, HOW DO WE GET BOUTIQUE RESTAURANT PLACES IF THERE IS AN OPPORTUNITY FOR US TO BRING UP RETAIL SOONER WE WANT TO DO IT ALL TOGETHER. IF HE COULD PULL IT OFF, WE HAVE MASTER DEVELOPERS THAT SAID THAT WANTED TO DO RETAIL IN PARALLEL, BUT WE ARE JUST NOT PUTTING THAT HERE BECAUSE WE DIDN'T KNOW IF THEY WILL BACK OUT IN A MINUTE.

    RIGHT? WE KNOW THIS KIND OF NATURAL PHASING. WORKS WELL, BUT OUR INTENT IS TO BRING IT ALL AS SOON AS POSSIBLE. THAT'S WHAT YOU'LL SEE IN THE SUBMISSION AS WELL. 2026 TO 2029. WE WANT MOST OF THIS ACTIVATED MOST OF IT VIBRANT AND RUNNING. IT'S JUST A PHASING. AND I UNDERSTAND THAT AND I. I APPRECIATE THAT. I THINK FROM MY PERSPECTIVE, WHAT I'M CONCERNED ABOUT IS YOU DON'T YOU KNOW YOU HAVE A DEVELOPMENT LIKE THIS THAT HAS MULTI PHASES, WHICH, OF COURSE YOU'VE GOT TO, BUT THE ORDER OF THOSE PHASES, AND WHAT AND HOW THOSE PHASES BUILD OUT ARE SO IMPORTANT.

    BECAUSE I DON'T WANT A DEVELOPMENT LIKE THIS TO BUILD THE MULTI FAMILY AND THEN YOU STOP. AND NOW WE DON'T HAVE ANYTHING THAT MULTIFAMILY. AND WHAT I'M SEEING HERE IS A PHASING PROCESS. THAT'S MULTI FAMILY, PRIMARILY WITH THE HOTEL . I UNDERSTAND THE HOTEL IS IMPORTANT IN THERE, BUT IT'S JUST MULTIFAMILY HOTEL. YOU KNOW, I. I THINK THERE'S GOT TO BE A DIFFERENT LOOK AT THE PHASING IN THIS TO MAKE THIS COM PALATABLE, UH, FROM THE CITY'S PERSPECTIVE, OK, SO THE PHASING THAT WE DEMONSTRATE IS THE MINIMUM, RIGHT? I WE DO HAVE OUR , UH, FINANCING. UM TOGETHER FOR THE MIDDLE SECTION. WHAT WE CALL THE NORTH VILLAGE, RIGHT? UM WELL, I JUST DIDN'T FEEL LIKE IT WAS PRUDENT TO BUILD THREE HOTELS AT THE SAME TIME WITH THAT RETAIL IN THE MIDDLE. SO, I. I WANTED TO PHASE THEM AND I DIDN'T WANT TO OVER PROMISE AND UNDER DELIVER, SO THAT'S WHY WE SAID PHASE ONE, PHASE TWO AND THEN AND THEN FINALLY THE RETAIL. I'M HAPPY TO GO PHASE ONE AND MORE RETAIL. HAPPY TO RIGHT. IT JUST IT. IT CAN'T BE ALL IN THE MIDDLE OF IT RIGHT? BECAUSE IF I'M THAT RETAILER AND I OWN A DRESS SHOP UM, I'VE I'VE GOTTA HAVE PEOPLE THAT CAN GET TO IT. YOU KNOW WHAT I MEAN? I GOTTA HAVE THAT PARKING SO I THINK WE I THINK WE'RE ALL ON THE SAME PAGE AND THAT WE WANT TO BUILD IT AS FAST AS POSSIBLE.

    AND WE'RE PREPARED TO AND WE CAN PRODUCE THE PROOF OF FUNDS, BUT IT IT'S REALLY MORE ABOUT CONSTRUCTION TIMING THAN IT IS ANYTHING. OK, SO AT WORK QUICK QUESTION. JUST CURIOUS. AND YOU KNOW, MULTI FAMILY IS DIFFERENT. WHAT TYPE OF LEASING OPTIONS? ARE YOU GONNA BE PROVIDING IN THIS? UH MULTIFAMILY PEER? WILL THERE BE SIX MONTH LEASES? POTENTIALLY SHORTER. I MEAN, LIKE, WHAT KIND OF WHAT KIND OF OPTIONS ARE GONNA BE PROVIDED THERE? IT'S A GREAT QUESTION.

    AND I'M NOT A MULTIFAMILY LEASING AGENT. SO I'M GONNA GO ON WHAT I HEAR ON A WEEKLY BASIS FROM OUR CLIENTS. MOST MULTIFAMILY LEASES RUN 12 MONTHS . UH THEY ARE DOING INCENTIVES RIGHT NOW TO KEEP TENANTS. UH, RENTS ARE FALLING A LITTLE BIT IN THE MARKET. UM SO THAT'S WHY YOU'RE SEEING THE CONSTRUCTION STARTS ON MULTIFAMILY SLOW DOWN VERY QUICKLY. UM THAT SAID, UH, YOU CAN PAY A HIGHER RENT AND GET A SHORT TERM RENTAL. I RECENTLY DID THAT WHEN I MOVED MY FAMILY TO, UH UH, A HOUSE WHILE OURS WAS UNDER CONSTRUCTION, SO YOU CAN'T GET SHORT TERM LEASES, BUT THEY TEND TO PAY A HIGHER RENT SO THE REASON THAT I ASKED THAT IS SO WE PHASE ONE WILL BE DONE. BY 2026. THAT'S THAT'S THE PLAN. THAT'S THE PLAN AND THAT'S THE THAT'S THE URGENCY RIGHT? THERE IS A WORLD CUP. THAT WILL BE HAPPENING AROUND THAT EXACT SAME TIME. WITH A LARGE NUMBER OF PEOPLE WHO WILL NEED A PLACE TO STAY. AND MANY OF THEM WILL NOT WANT TO STAY. DOWNTOWN. WE'RE RIGHT ON THE TOLLWAY. SO IF THEY CAN FIND A PLACE AND YOU DON'T TRAVEL INTERNATIONALLY WITHOUT A LITTLE BIT OF MONEY. IF YOU CAN FIND A PLACE AND THERE'S GONNA BE A LOT OF PEOPLE WHO WILL NEED A PLACE TO STAY FOR THREE MONTHS . TWO MONTHS THEY'LL EVEN GET IN THE HAVE TWO MONTHS PRIOR TO THE WORLD CUP, JUST TO HAVE A LOCKDOWN PLACE TO PARK TO LIVE.

    [00:50:01]

    BUT AS SOON AS THE WORLD CUP IS OVER, THEY'RE GONE. AND NOT ONLY WILL THEY BE GONE, BUT YOU WILL HAVE APARTMENTS THAT ARE 100 SQUARE FEET LESS THAN THE AVERAGE HERE. IN PROSPER. THAT WILL NEED TO BE FILLED. SO SOMEONE UH, YOU KNOW THE DEVELOPERS AROUND HERE THEY'RE ALL PAYING THE SAME PRICE PER SQUARE FOOT, SO IT'S NOT LIKE IT'S LESS AND THEY HAVE. THEY HAVE 850 MINIMUMS PER ORDINANCE. YOU'RE GONNA HAVE TO SELL 750 SQUARE FOOT HOMES. IN AN AREA THAT MIGHT LOSE 60% OF HIS OCCUPANCY IN A WEEK AFTER THE WORLD CUP IS OVER, NOT SAYING THAT'S GONNA HAPPEN. BUT THESE ARE THE THINGS THAT AS I'M LOOKING AT THE TIMING THE PHASING THE SQUARE FOOTAGE REDUCTION. YES FOR SOMEONE WHO'S ONLY GONNA BE THERE FOR A MONTH OR 2750 IS NOT AN ISSUE, BUT I'VE NEVER HEARD ANYONE IN MY LIFE. SAY YOU KNOW WHAT I WISH THIS PLACE WAS A LITTLE SMALLER, NOT SOMEONE IN THE 850 SQUARE FOOT. NEVER HEARD THAT. SO THESE ARE THE CONCERNS THAT I HAVE THAT IT WILL BE US AND PROSPER THAT WILL HAVE TO DEAL WITH THE AFTEREFFECTS OF A PHASE ONE. THAT COULD POTENTIALLY BE HALF FILLED A MONTH AFTER THE WORLD CUP AND TWO MAYBE MORE YEARS BEFORE THE RETAIL IS COMPLETE. IF THE RETAIL GET COMPLETE, I THINK UH, COMMISSIONER CARSON HAS SOME QUESTIONS ABOUT THE FLOODPLAIN THAT COULD IMPACT WHETHER OR NOT OR HOW MUCH OF THAT PHASE THREE RETAIL IS BUILT . SO I. I LOVE EVERYTHING ABOUT EVERYTHING ABOUT THIS. WE'VE HAD CONVERSATIONS AROUND THE MULTIFAMILY PIECE. BUT YOU KNOW, I MYSELF AM NOT PARTICULARLY OPPOSED TO IT AT ALL, ESPECIALLY AS IT'S IN LINE WITH OUR, UM COMPREHENSIVE PLAN IS AND IN THE AREA THAT IT'S IN, BUT BUT YOU KNOW? REDUCING THE MINIMUM DOWN TO 8 5500 ADDITIONAL UNITS PHASE ONE BEING DONE BY 20. I MEAN, THESE ARE CONCERNS THAT I HAVE SO MR HEARST. LET ME CLARIFY SOMETHING. 850 IS THE AVERAGE UNIT SIZE IN THESE COMPLEXES.

    THAT'S WHAT THE LANGUAGE IS CODIFIED AROUND. WE'RE ASKING FOR A SMALLER MINIMUM AVERAGE.

    WE'RE ASKING FOR A SMALLER AVERAGE OF 750. UH, WE'RE WE'RE EVEN LOOKING FOR SOME EFFICIENCIES THAT ARE ACTUALLY SMALLER THAN THAT OF THAT AFFECT THAT AVERAGE. YOU MAY HAVE SOME TWO BEDROOMS THAT ARE 1000 SQUARE FEET. BUT ULTIMATELY BASED UPON THE VERY BRAND NAME DEVELOPERS WE'VE BEEN TALKING TO TODAY. THEY'RE GONNA BUILD WHAT THEY KNOW THE MARKET WILL LEASE.

    THEY'RE THEY'RE NO FOOLS. THE MULTIFAMILY INDUSTRY IN THIS COMMUNITY IS EXTREMELY SOPHISTICATED I. I CAN'T ANSWER YOUR QUESTION ABOUT WHETHER OR NOT THEY'LL EMPTY AFTER THE WORLD CUP. YOU KNOW IF I'M A CORPORATE WORLD CUP OR IN, IT'S CHEAPER FOR ME TO RENT AN APARTMENT THAN TO RENT A HOTEL ON A DAILY BASIS. THAT'S AN INTERESTING CONCEPT THAT YOU KNOW COULD HAPPEN, I GUESS, BUT GENERALLY COMPANIES THAT WE'VE BEEN TALKING TO WHO DO THIS STUFF ALL DAY EVERY DAY UP AND DOWN THIS HALLWAY. THEY'RE GONNA KNOW THE ABSORPTION RATES AND HOW TO LEASE THESE AND WHO THEY'RE LEASING TO IF IT LEASES TO A CORPORATE RENTAL FOR THE SAKE OF WORLD CUP. I GUESS THAT COULD HAPPEN. BUT UM I DON'T LIVE IN THAT LEASING WORLD ALL DAY EVERY DAY. I DON'T KNOW IF ANYBODY IN THE ROOM OR ON COMMISSION DOES, BUT UM ANYTHING IS POSSIBLE. I SUPPOSE A COUPLE COUPLE CLARIFICATIONS HERE. IT'S A MINIMUM OF 750, NOT ON AVERAGE. THERE'S HOW IT'S WRITTEN, AND IT'S AN ADDITIONAL 150 FOR A THIRD BED. THAT'S A THAT'S A THAT'S HOW IT'S WRITTEN IN OUR PACKET. THAT'S A PRETTY IMPORTANT, UH, DISTINCTION.

    MINIMUM OF 750 UNIT SIZE, WHICH MEANS THAT DOESN'T APPLY TO THE EFFICIENCIES. EFFICIENCIES WERE 570 THANK YOU FOR THAT 10. BUT YOU KNOW, A CERTAIN PERCENTAGE WILL BE ONE BEDROOMS AND A CERTAIN PERCENTAGE WILL BE TWO BEDROOMS. WHAT WE'RE ASKING FOR. ALSO IN THIS LANGUAGE IS TO BE ABLE TO USE UP TO 10% OF EFFICIENCY UNITS SO THAT EFFICIENCY THAT THE YOUNG COLLEGE GRADUATE PROFESSIONAL WANTS TO RANT. OR MAYBE IT'S SOMEBODY THAT HAS A SHOP IN THE VILLAGE. SOMEBODY THAT WANTS TO RENT AN EFFICIENCY JUST TO SLEEP IN. TO HAVE THAT CAPABILITY THAT'S ALSO GONNA DRIVE THAT AVERAGE DOWN IF IT'S AN EFFICIENCY APARTMENT. OTHER THING, JUST I DON'T WANNA SPEAK ON YOUR BEHALF. BUT WHAT I HEARD UM, YOU GUYS SAY THE LIKELIHOOD OF THESE BEING OPEN FOR WORLD CUP IN MY OPINION IS NOT REALISTIC JUST TO FOR YOUR CONCERNS, JUST T. I MEAN, THIS IS LIKE A 2025 START. IT WILL TAKE TO YOUR POINT. YOU WANT TO HAVE SOMETHING SUBSTANTIAL UP TO BE ABLE TO BRING TOURS AND GENERATE INTEREST UP TO MARKET? UH YOU KNOW, WE ARE ORIGINALLY INTENDED TO GET ZONING DONE BY FEBRUARY, AND JUST FOR A LOT OF DIFFERENT REASONS, STAFF SIDE OUR SIDE. IT JUST DIDN'T HAPPEN. UH NOT TO TALK SHOP, BUT IT'LL TAKE NINE MONTHS TO DESIGN THE MULTIFAMILY. PROBABLY 22 MONTHS TO BUILD AN OUTFIT THOSE UNITS

    [00:55:03]

    AND ON THE HOTEL. IT'S PROBABLY NINE MONTHS TO A YEAR OF DESIGN WORK WITH PROBABLY 24 MONTHS OF CONSTRUCTION. AND THAT'S BEING OPTIMISTIC, ASSUMING WE DON'T HAVE AN ICE STORM OR SOMETHING IN JANUARY. I GOT A WHOLE THIS YOU'RE YOU READY? SO THAT PUTS US AT WHAT? SO BASED ON THAT MATH YOU THAT PUTS US OVER 2027. I THINK YOUR OCCUPANCY HAPPENS IN LATE 26, DEPENDING ON HOW QUICK WE CAN GET YOUR APPROVAL LATE 26 OR 27 FOR OCCUPANCY, LATE 24 OPERATIONAL OCCUPANCY, OK? THANKS. COUPLE COUPLE QUICK ONES ON THE PARKING GARAGE. 912 SPACES, YOU KNOW, ON THE MULTI, I KNOW THIS IS GONNA BE A HOT TOPIC, PROBABLY FOR MANY MEETINGS TO COME, BUT YOU KNOW, THERE'S A LARGE OPEN SPACE OF PARKING IN BETWEEN THAT MULTI YOU TALKED ABOUT THE URBAN ENVIRONMENT AND KIND OF THE FEEL THERE YOU YOU'RE TYING INTO THE PARKING GARAGE. HAS THERE BEEN ANY THOUGHT TO LET'S CALL IT CRUNCH? WELL CLOSER TO 13 OR 10 CLOSER TO 11 AND EXPAND THAT PARKING GARAGE TO GET RID OF SOME OF THAT SURFACE PARKING. MR CARSON. YOU'RE YOU'RE TALKING ABOUT N THREE. YEAH MY QUESTION IS AROUND, ELIMINATING SOME OF THE SURFACE PARKING, WHICH TO ME FEELS MAYBE NOT AS URBAN AND A LITTLE MORE TRADITIONAL MULTI FAMILY IF YOU WILL, AND EXPAND THAT GARAGE WHERE YOU CAN GET YOUR WHATEVER YOUR PARKING CAPACITY IS FOR YOUR UNITS HAS HAVE YOU THOUGHT THROUGH ANY OF THAT. YEAH WE'VE TALKED ABOUT THAT WITH STAFF. WE'VE TALKED ABOUT A LOT OF DIFFERENT OPTIONS THAT A DIFFERENT THAT DIFFERENT. MULTI FAMILY DEVELOPERS MAY BRING TO THE TABLE. WE HAVE TALKED ABOUT THAT WITH STAFF THE WAY THIS IS DRAWN, AND YOU DON'T SEE IT IN THIS DIAGRAM BECAUSE THIS IS A FREEHAND DIAGRAM, BUT THERE WAS TO BE A BRIDGE EITHER END OF N 12 CONNECTING TO N THREE. UH, IF WE WERE TO ATTACH IN 12 TO N THREE, IT CREATES A DIFFERENT CONSTRUCTION OCCUPANCY. UM THAT WOULD AFFECT THE PRICING. YEAH I'M PROBABLY LESS CONCERNED ABOUT THAT. I'M MORE LOOKING AT THE OPEN PARKING IN BETWEEN THE BUILDINGS IF THAT MAKES IF I MAY ADDRESS SOME OF THE FEEDBACK WE GOT FROM THE DEVELOPERS IS IF THEY WANT TO MONETIZE THIS OPEN SPACE IF THEY BUILD A GARAGE, THEY'RE DONE WITH IT. SO THEY'RE SAYING I'LL HAVE LIKE COVERED. ALL THE HAIL GOING ON EVERY SEASON. THEY SAID. HEY WE'LL CHARGE 25 BUCKS FOR A COVERED PARKING SPOT IN THE OPEN SPACE. PROBABLY WILL BUILD A GARAGE THAT CAN ON THE SURFACE RIGHT THAT THAT'S USELESS. THEY WANT TO GIVE THOSE OPTIONS TO TENANTS. THEY WANT TO SEE HOW THEY CAN UPCHARGE KEEP THE BASE RENT. AT SOME POINT, LET'S SAY 2000, AND THEN SAY, HEY, $100. IF YOU WANT A COVERED PARKING OR IF YOU LEAVE IT ON THE SURFACE, IT'S NO CHARGE. IF YOU PUT IT IN THE GARAGE, IT'S 150. SO THAT'S WHAT THE DEVELOPERS WILL BE MORE AND MORE LEANING TOWARDS AND WE WANT TO GIVE THEM AN OPTION. IT'S LIKE A WRAP PRODUCT, BUT IT'S WRAPPED AROUND SURFACE PART. SO FROM THE TOLLWAY FROM SHAWNEE FROM ANYWHERE YOU WOULDN'T SEE PARKING. SO THAT WAS THE DESIGN GUIDANCE THAT AGAINST HER WORK WITH STATE PARKING SHOULD NOT BE VISIBLE, SO IT REDUCES THE COST OF THE STRUCTURE GIVES MORE OPTIONS TO THE DEVELOPER TO RENT IT OUT. MORE OPTIONS TO THE TENANTS SAY I DON'T HAVE A CAR, RIGHT? WHY AM I PAYING FOR A GARAGE IF I'M LIVING THERE AND WORKING THERE, RIGHT, BUT I HAVE A NICE CAR. I WANT TO PUT IT IN THE GARAGE. I PAY $100 A MONTH. I. I NEED TO PROTECT SOME HAIL. I'LL PAY 50 BUCKS FOR A SHARE.

    SO THAT WAS THE DIRECTION. THANK YOU SO KIND OF TIED TO THE OPEN SPACE CONCEPT, AND I THINK I NOTICED IN OUR NOTES. THERE'S NO PARK REQUIREMENT, UM IN OUR IN OUR PARK PLAN, OR IN REQUIRED FIRST QUESTION. YEAH, THE PARK REQUIREMENT IS WHETHER OR NOT THE PARKS MASTER PLAN HAS A DESIGNATION OR A LOCATION, UM, EARMARKED FOR PARK AT THIS SPOT, AND THAT ANSWER IS NO. BUT THERE'S STILL A REQUIREMENT FOR OPEN SPACE. THE MULTIFAMILY HAS A REQUIREMENT OF 30. WOULD BE OPEN SPACE AND THEN THE REST OF THE DEVELOPMENTS ARE REQUIREMENT OF 15% AND HOW ALL THOSE NUMBERS WORK TOGETHER ON THE, UH, FLOODPLAIN AREA OR WHERE THE LITTLE, UM CREEK ARTIFICIAL CREEK. WHATEVER YOU WANNA CALL IT WINDS UP BEING, UM CAN BE 60% OF THE 15 ACRES, WHICH IS THE 15% OR AND SO, UM, HOW ALL THAT FITS TOGETHER WILL SATISFY THE REQUIREMENTS THAT WE HAVE FOR LANDSCAPING AND OPEN SPACE. BUT THAT THE COMMENT THAT YOU'RE REFERENCING IS STRICTLY RELATED TO A PARK UNQUOTE NOT NOT THE OPEN SPACE IN THE DEVELOPMENT. IT FEELS LIKE IT MAY HAVE. IT MAY MEET AN OPEN SPACE REQUIREMENT, BUT IT'S A PRETTY DENSE DEVELOPMENT, WHICH I PERSONALLY FIND IT DOESN'T I HAVE AN OPINION? UM BUT THERE'S NOT A LOT OF TRUE OPEN SPACE.

    IT'S A PRETTY DENSE KIND OF URBAN FEEL IT ALSO NOT PLUS OR MINUS COMMISERATED. ALSO THERE'S A REQUIREMENT THAT THAT SPACE ACTUALLY BE USABLE. SO IT CAN'T BE, YOU KNOW, STUCK OFF IN THE

    [01:00:03]

    BACK OF A BUILDING OR SOMETHING THAT YOU CAN'T GET TO AND DO ANYTHING WITH AND SO THAT THAT'S ALL PART OF THE OVERALL LAYOUT IN THE PROCESS AS AS THOSE THOSE FINAL, UM, CONCEPT PLANS AND SITE PLANS AND SUCH ARE DEVELOPED. WHICH YOU WILL SEE ON THE MAKES IT THAT FAR. TALK ABOUT THE MULTI. AND WHO, WHO YOU TALKED ABOUT A PRICE POINT. I THINK YOU FLOATED OUT A COUPLE OF THO IN 2000 OR SOMETHING A MINUTE AGO. BUT TALK ABOUT THE MULTI AND KIND OF WHO YOU CALL IT. PERSPECTIVE. TENNIS. WHAT IS THE I KNOW YOU DON'T HAVE YOUR MULTI DEVELOPER NECESSARILY.

    YEAH BUT WHO? WHAT DO YOU THINK THAT WHAT IS THE LOOK AND FEEL OF THIS? AS A TENANT. YEAH, I THINK IT'S YOUNG. SINGLE EDUCATED PROFESSIONALS. UH, RENTING EFFICIENCIES IN ONE BEDROOMS, DEPENDING ON THEIR LIFESTYLE. UM IF YOU'VE BEEN IN ANY OF THESE NEW MULTIFAMILY COMPLEXES, THE AMENITIES ARE AMAZINGLY LUSH. I'M AMAZED EVERY WEEK WHEN I TOUR A NEW ONE. THE AMENITIES THAT I SEE UM AND THAT'S HOW THEY ATTRACT. IT'S WHETHER IT'S FITNESS OR CO-WORKING, OR KIT. KITCHENS OR, UH, REC CENTER SPACE OR PARTY SPACE. IT'S AMAZING THE AMENITIES THEY'RE STICKING INTO THESE PROJECTS. UH IT IS YOUNG, EDUCATED PROFESSIONALS. IT IS, I THINK ARTISANS WHO WANT TO WORK HERE. UH, MAYBE HAVE A SHOP. UH THIS PROJECT WILL HAVE HUNDREDS OF EMPLOYEES ON SITE. UM AND THEN THE THIRD PROBABLY DEMOGRAPHIC IS, UM YOUNG MARRIED PROFESSIONALS. AND THEN, UH, ACTUALLY ONE OF THE LARGEST ONE OF THE FASTEST GROWING HOUSEHOLDS RIGHT NOW IS UH, MIDDLE AGED PROFESSIONAL SINGLE WOMEN. THEY LIKE TO RENT IN FACILITIES LIKE THIS. AS OPPOSED TO OWNING A SINGLE FAMILY HOUSE THAT IS ACTUALLY THE FASTEST GROWING HOUSEHOLD IN TEXAS RIGHT NOW. ONE MORE QUICK COMMENT ON THE DEMOGRAPHIC WHAT WE HAVE HEARD AGAIN MARKET RESEARCH AND SOME DATA IS LIKE A LOT OF HEALTH CARE PROFESSIONALS.

    THERE'S A LOT OF HOSPITALS COMING UP ALL ACROSS GNT. WITH THE NEW BAYLOR OPENING UP IN FISCAL CHILDREN'S HOSPITAL AND SALINA, SO THERE'S A LOT OF YOUNG HEALTHCARE PROFESSIONALS WHETHER IT'S NURSES, THERAPISTS, HEALTHCARE WORKERS, EVEN DOCTORS , UH, THAT ARE SINGLE, UH, THAT THAT WE THAT THE MULTIFAMILY DEVELOPERS FOUND WOULD BE A TARGET FOR A HIGH END. NOT JUST LIKE ANY OTHER MULTI FAMILY, BUT YEAH, I CAN GO AND COME IN ANY TIME. THIS IS LIKE A NICE NEIGHBORHOOD. I LIVE IN THAT CONSCIOUSLY PICKED THIS LOCATION VERSUS SOMETHING ELSE. THEY'RE NOT SHOPPING ON RENT, BUT THEY'RE SHOPPING ON THE DESTINATION AND THE WILD. IT HAS AND THE COMMUNITY THAT COMES TOGETHER SO HEALTH CARE AND IS ONE OF THE BIGGEST DEMOGRAPHIC THAT WE ARE LOOKING AT, ALONG WITH. THE EMPLOYEES THAT THAT THAT HELPS PROVIDE SOME COLOR. I FEEL LIKE TO ME. PART OF MY CONCERN ON THE MULTI IS I FEEL LIKE THE IDENTITY IS A LITTLE STRANGE BECAUSE EVERYTHING YOU JUST DESCRIBED A APPEALS TO WHAT WE SEE IN THE MARKET. THE LEGACY US AND SOME OF THESE OTHERS, BUT THAT MARKET. WHAT WE WHAT WE'VE OFTEN SEEN IS DOES NOT LIVE AND PROSPER AND COMMUTE TO DOWNTOWN BECAUSE THAT'S NOW A HOUR AND A HALF COMMUTE. RIGHT AND SO THOSE ARE IN A LITTLE BIT MORE. CALL IT DOWNTOWN. UH, THAT HELPS PROVIDE A LOT OF COLOR AS TO WHO YOU MIGHT BE. KIND OF LIKE THE SINGLE YOUNG SINGLE YOUNG MARRIED FOR SURE. YOU GUYS JUST HILL ON A ON A SINGLE FAMILY DEMOGRAPHIC. UM WHAT WE DO HEAR FROM EMPLOYERS ALL UP AND DOWN.

    THE TOLLWAY IS WE NEED PLACES FOR OUR PEOPLE TO LIVE. AND YOU KNOW THAT'S NOT NECESSARILY ACHIEVABLE TO A SINGLE PROFESSIONAL TO HAVE A LOT IN PROSPER. SO AS YOU'RE TRYING TO DRAW IN EMPLOYERS, THEY WANT TO SEE A RANGE OF HOUSING. AND WE THINK THIS HELPS YOU WITH THAT, UH, I. I THINK YOU'RE DRAWING A DISCERNING RESIDENT WHO HAS AN ACTIVE LIFESTYLE. THEY WANNA BE IN A MIXED USE ENVIRONMENT LIKE THIS. UH, THERE'S PLENTY OF SINGLE FAMILY NEIGHBORHOODS THAT SOMEONE CAN KIND OF HIDE IN IN NORTH TEXAS. BUT THE RESIDENT THAT'S LOOKING TO BE IN A LITTLE BIT OF AN URBANIZED, DENSER ENVIRONMENT. THEY'RE LOOKING FOR PLACES LIKE THIS. I'LL PAY A LITTLE BIT OF A PREMIUM IN RENT. UNFORTUNATELY RENTS RIGHT NOW ARE HEADED A LITTLE DOWN BECAUSE WE OVERBUILT AND OVER DELIVERED IN 2023. SO WE'LL WORK THROUGH THAT IN THE NEXT THREE YEARS, BUT IT'S GONNA TAKE SOME TIME. I I THINK YOU'RE SEEING THE MATURITY TO A PROSPER. RIGHT? I THINK THAT YOU JUST MENTIONED IS EXACTLY RIGHT. MOST OF US PROBABLY WOULD UNANIMOUSLY TELL YOU WE MOVED HERE FOR SCHOOLS. WELL YOU DON'T MOVE TO AN URBAN APARTMENT FOR SCHOOLS RIGHT? BECAUSE THAT'S NOT WHAT YOUR APPEAL IS. BUT YOU WANT GRADUATES TO HAVE THAT ENTRY INTO YOUR TOWN, BUT YOU ALSO WANT PEOPLE TO AGE IN PLACE. YOU KNOW IF SOMEONE WANTS TO SELL THEIR 4000 SQUARE FOOT HOUSE AND MOVE INTO A VILLAGE LIKE THIS, THAT'S A MEASURE OF UH, WE SAW

    [01:05:02]

    THAT DOWN AT THE GATE IN FRISCO, WHERE PEOPLE WANTED TO MOVE OUT OF STARWOOD INTO A TOWNHOUSE OR AN APARTMENT. THEY STILL WANT TO BE ABLE TO WALK TO THE AMENITIES THERE, BUT THERE IS AN AGING IN PLACE FACTOR IN AMERICA IS NOT GETTING YOUNGER RIGHT NOW, SO THAT WE THINK WILL ULTIMATELY BE A MARKET TOO. I THINK BACK TO THAT IDENTITY COMMENT. THAT'S WHAT PROBABLY HAS ME A LITTLE WORRIED. IT WAS JUST I THINK WHAT YOU DESCRIBED MAKES A LOT OF SENSE. I AGREE WITH EVERYTHING YOU'RE SAYING THAT IS A DIFFERENT DEMOGRAPHIC AND INCOME LEVEL THAN AN ARTISAN AT A OR A RETAIL WORKER OR A RESTAURANT WORKER. SO FROM A TENANT ON WHO MAY BE LIVING IN THESE, I THINK YOU NAILED IT AS TO WHAT THIS IS FOR, BUT I DON'T FEEL LIKE IT'S I'M GONNA CALL IT LOWER INCOME OR WORKING LOW INCOME. BUT YOU DIDN'T SAY. I DID, BUT I THINK THAT'S AN IMPORTANT WE'VE NEVER USED THOSE WORDS. UH FRANKLY, IT WOULDN'T PENCIL AS LOW INCOME. UH BUT WORKFORCE HOUSING IS AN INCREASING EFFORT EVERY DAY IN OUR COMMUNITIES. UM DALLAS. I KNOW. FRISCO THEY'RE THEY'RE REACHING CRISIS LEVELS OF WORKFORCE HOUSING. UH WHEN? WHEN STATE FARM MOVED TO RICHARDSON WITH 14,000 PEOPLE. THEIR PEOPLE HAD TO LIVE 30 MILES EAST BECAUSE IT WAS PRIMARILY CLERICAL JOBS. UM THAT IS A THAT IS A THAT'S A CRISIS THAT'S BREWING. IT'S PROBABLY GONNA BE VERY SMALL BECAUSE YOUR LIMITS ARE SOMEWHAT CONFINED AND KEEPS YOUR YOUR AREA DOWN AS A CITY. BUT WE SEE THIS AS COMPLIMENTING. YOUR WORKFORCE YOUR HOUSING TYPOLOGIES WHICH ARE REALLY IMPORTANT, I THINK FOR EVEN YOUR THE WAY YOUR COMP PLAN SPEAKS, IS ADDING A RANGE OF HOUSING TYPOLOGIES. I THINK THE CLARITY OF THE HEALTH CARE WORKER, THE PROSPER GRADUATE THAT GOES TO COLLEGE AND WANTS TO COME BACK HOME LIKE THAT IS AN APPEAL. AS WE'RE TALKING THROUGH THESE KIDS THAT COULDN'T AFFORD TO LIVE IN PROSPER RIGHT NOW. I DON'T KNOW. RIGHT? UH, OH, YOU KNOW THIS THIS THIS THIS WOULD APPEAL TO MY WIFE AND I WE DON'T HAVE KIDS. BUT PROSPER IS NOT MADE UP OF A LOT OF MY WIFE AND I, UM THEY'RE 18 ELEMENTARY SCHOOLS AND PROSPER. UM AND THERE'S A REASON FOR 18 ELEMENTARY SCHOOLS AND THEY'RE GOING TO BE BUILDING MORE. AND THAT'S THAT'S MY CONCERN. I. I LOVE THE CONCEPT. UM, BUT MY CONCERN IS AND I'M NOT. I'M NOT TALKING ABOUT MULTIFAMILY. UM I'M TALKING ABOUT THE OTHER OFFERINGS THAT ARE WANTING TO BRING TO THIS DEVELOPMENT. TO ME . IT DOESN'T SEEM TO BE CATERING TO THE FAMILY. UM ENVIRONMENT. IT'S MORE OF THE SINGLE ENVIRONMENT, UM, FOR YOUNG PROFESSIONALS THAT THAT THAT DON'T HAVE KIDS, UM AND THAT'S THAT IS A CONCERN BECAUSE I KNOW THAT THE FAMILIES HERE IN PROSPER ARE DESIRING SOMETHING FOR THE FOR THE THEIR KIDS TO BE ABLE TO GO TO AND I KNOW YOU SHOWED THE PICTURES, BUT IT'S YOU KNOW, THE WITH WHAT Y'ALL BEEN TALKING ABOUT, UM THEN, UH MORE ABOUT THE YOUNG SINGLES. THAT'S THAT'S THE AT THE YOUNG PROFESSIONALS AND NOT A LOT ABOUT FAMILIES, AND THAT'S THAT'S IN THE HOUSING, BUT THAT'S GOING TO BE IN ANY MULTIFAMILY. THIS THIS PARTICULAR ARTS VILLAGE HERE WAS SPECIFICALLY BUILT FOR THE PROSPER AND FRISCO AND NORTH PLANO AND UH, SOLANA RESIDENTS THERE IS A MASSIVE CATCHMENT. AROUND THIS DEVELOPMENT, AND THAT'S WHAT IT'S TARGETED AT.

    THIS IS THIS IS ONE OF THE LAST PIECES THAT MAY GET DEVELOPED. UM AND THAT'S THAT'S THE YOU KNOW. AND I AGAIN I LOVE LOVE THE DESIGN. LOVE THE CONCEPT. I THINK I THINK Y'ALL HAVE DONE A GREAT JOB. UM AND SO I WANT YOU TO UNDERSTAND THAT, UM BUT IT'S UNTIL WE GET THE DETAILS ON THE IN THE PAPER AND IN THE, UH, THE DEVILS IN THE DETAILS, AND THAT'S ONE OF THE REASONS WHY WE WERE TALKING ABOUT EARLIER HAVING A WORKING SESSION ANOTHER WORKING SESSION TO MAKE SURE THAT THAT THE DETAILS MATCH THE PICTURES. UM BECAUSE THIS IS OUR FIRST TIME TO SEE THIS AND Y'ALL BEEN Y'ALL BEEN LOOKING AT THIS Y'ALL BEEN DEALING WITH THIS FOR QUITE A WHILE. IT SOUNDS LIKE AND SO WE JUST WANT TO MAKE SURE THAT EVERYTHING IS, UM, IS KOSHER, BUT I JUST WANTED TO KIND OF GIVE YOU MY TWO CENTS BECAUSE I DO THINK DO THINK WHICH YOU ARE TALKING ABOUT IS I THINK IT'S IT LOOKS GOOD. UM FROM FROM THAT ASPECT, SO TO AND JUST IN TERMS OF THE PRESENTATION AGAIN, I, I AGREE. THIS IS EVERYTHING THAT YOU'VE PRESENTED HAS BEEN TOP NOTCH.

    UH, GREAT PRESENTATION. I THINK IT WOULD BE, UM IT'S A WONDERFUL UM, UM, DEVELOPMENT. TO COMMISSIONER REEVES' POINT IF THE POINT OF THE MULTI FAMILY IS TO BE THE ENGINE TO POWER. THE RETAIL AND TO HIS POINT IF THAT ENGINE IS ALL YOUNG PROFESSIONALS, THEN THAT IS

    [01:10:02]

    EXACTLY WHO WILL BE THERE. THAT'S WHO'S GOING TO BE THERE AFTER FIVE AND I KNOW PERSONALLY IF I'M USUALLY NOT BRINGING MY KIDS TO THE PLACES THAT THE YOUNG PROFESSIONALS ARE BECAUSE YOU KNOW, IT'S JUST DIFFERENT DYNAMIC. AND UM, YOU KNOW, BUT, UM, I DID HAVE ONE QUICK QUESTION AND I KNOW I'LL GIVE YOU UM THIS WILL BE A QUICK ONE. THE FOUR STRUCTURES THAT ARE GOING TO BE BUILT. I KNOW WE SAID THAT WE WOULDN'T HAVE YOU WOULDN'T EVEN BE OPEN FOR OCCUPANCY. UNTIL YOU KNOW LATE 2026. YOU WILL NOT OPEN ANY OF THEM FOR OCCUPANCY UNTIL ALL OF THEM ARE DONE. GREAT QUESTION, ACTUALLY, THE WAY MOST MULTIFAMILY DEVELOPERS DO. THIS IS THEY'LL OPEN THEM KIND OF IN A WATERFALL. THEY'LL START ONE BUILDING. THEY'LL START LEASING ONE BUILDING AND OCCUPY IT, AND THEN THEY'LL GO AROUND THE HORN UNTIL ALL 350 UNITS RELEASED RIGHT SO THE FINAL UNIT WILL BE COMPLETED AS IN THE FINAL STRUCTURE WILL BE COMPLETED LATE 2026 THAT WILL COMPLETE THE PHASE. WITHOUT FURTHER OR EARLY 20 WORK IN DETAILED CONVERSATIONS, MY GUESS WOULD BE SOMETIME IN THE FALL OF 26 GOT IT. THANK YOU. UH, LET ME ADDRESS SOMETHING, THOUGH. YOU COULDN'T BUILD ENOUGH MULTIFAMILY HERE TO SUPPORT THE RETAIL VISION HERE. THIS RETAIL VILLAGE REQUIRES A CATCHMENT THAT PROBABLY GOES OUT 20 MILES.

    WE RAN DEMOGRAPHICS ON LIKE A 20 MILE RADIUS THAT WE THINK WILL BE COMING HERE. UH AND WITH THE TOLLWAY AND 121 AND 380 THE WAY IT IS, PEOPLE CAN COME FROM A LOT OF DIFFERENT DIRECTIONS. UM THERE IS AN OCEAN OF SINGLE FAMILY HOUSING AROUND THIS THAT WE THINK WILL COME HERE AND SATISFY A LOT OF THOSE KIND OF BOUTIQUE. UM KIND OF COOL RETAIL NEEDS THAT ARE A COMPLIMENT TO THE OTHER RETAIL OFFERINGS IN THE MARKET. YOU KNOW, LEGACY WEST IS DOING WHAT THEY'RE DOING. GATES ARE PROSPEROUS, DOING WHAT THEY'RE DOING. WE'VE GOT A CARVE A PATH KIND OF RIGHT BETWEEN THOSE GUYS AND DEVELOP A DIFFERENT OFFERING THAT WE THINK WILL BE UNIQUE TO NORTH TEXAS.

    IT'S INTERESTING. YOU KNOW, WE TALK A LOT ABOUT THE TIMING ASPECT. AND I THINK YOU'RE EXACTLY RIGHT. I THINK IF THIS THIS RETAIL SEGMENT DOWN HERE THAT'S CATERED TO PROSPER. I THINK YOU'RE EXACTLY RIGHT. I THINK A LOT OF PEOPLE ARE GOING TO GO TO THAT DESTINATION POINT.

    IF IT'S OPEN TOMORROW, BECAUSE I GO TO LEGACY WEST AND I DO HAVE KIDS. I GO TO OTHER PLACES AT TIMES, BUT, UH BUT IF THAT'S OPEN AND I SEE ALL THOSE PAVILIONS, I SEE A LIVE MUSIC VENUE. I SEE WATER RESTAURANTS. THERE'S PROBABLY A FEW BEVERAGES . WE'RE GONNA BE THERE. AND SO I THINK THAT MAY BE THE EBB AND FLOW HERE. WHAT COMES FIRST THE CHICKEN OR THE EGG? UNDERSTAND WE HEAR THESE DEVELOPMENT CASES ALL THE TIME. WE'VE GOT TO HAVE THE MULTIFAMILY ANCHOR FIRST, AND THEN WE KIND OF GO TO THE RETAIL. IT'S IT WOULD BE SO UNIQUE. IF AND AGAIN I KNOW THERE'S MONEY BEHIND IT, AND IT TAKES A LOT OF MOVING PIECES AND MORE THAN I KNOW. BUT I, I DO THINK THAT THAT RETAIL YOU HAVE IF IT LOOKS JUST LIKE THAT, AND IF IT WAS OPEN TOMORROW, I THINK IT'S HOPPING RIGHT NOW. TONIGHT WE'RE GOING STRAIGHT THERE AFTER WE GET DONE WITH THIS. AND YOU YOU'RE GONNA HAVE PEOPLE THERE EVERY NIGHT. SO I, I YOU KNOW, AS YOU LOOK BACK, AND YOU TALK TO THE FINANCING PEOPLE AND WHATNOT, I THINK THAT'S THAT'S THE EBB AND THE FLOW OF THE TIMING OF IT. IF THERE WAS SOME WAY TO PULL THE MONEY TOGETHER SOME WAY TO SPEED UP THE RETAIL WHILE YOU'RE DOING SOME OF THE MULTI FAMILY, SO WE SEE KIND OF BOTH THINGS AT ONCE. I MAY BE TALKING STUFF THAT'S IMPOSSIBLE. BUT I THAT KIND OF HELPS EVERYBODY FEEL A LOT BETTER ABOUT PROJECTS MOVING FORWARD AND NOT WORRYING ABOUT SOMETHING JUST BECOMING ONE PART OF IT.

    AND WHATEVER HAPPENS TO THE THIRD PHASE OF IT, RIGHT? NO, NO , ABSOLUTELY. I THINK THE CONVERSATIONS WE HAVE HAD SO FAR. UH HALF OF THEM HAVE BEEN. WE WANT TO GO RETAIL FIRST, RIGHT? BUT THEN THEY SAY, HEY, WITH THE CAVEAT THAT HEY, WE NEED THE TENANTS, RIGHT? WE DON'T WANT SOMEBODY TO OPEN UP AND SAY THERE'S NOT ENOUGH TRAFFIC AND I'M CLOSING IT DOWN.

    THAT SETS A BAD PRECEDENT, SO WE WANT TO MAKE SURE THE COMMUNITY IS INVOLVED IN IT. FIND SOME BOUTIQUES LIKE THE COFFEE SHOP. WE HAVE SPOKEN TO COMMUNITY MEMBERS LIKE NICE COFFEE SHOPS IN THERE SOME BAKERIES OR LOCAL ART, AND WE WANT TO BRING THE COMMUNITY KEEP THE LOCAL COMMUNITY INVOLVED. SO THIS THAT VIBRANCY BUT ON SAID WE COULD DO ALL OF THEM IN PARALLEL.

    PRACTICALLY WHATEVER IS POSSIBLE , RIGHT? CARBON WANTS TO GO FIRST. MAYBE THE MULTI FAMILY WILL GO LATER BECAUSE THE RENTS ARE NOT SUPPORTING ENOUGH. MAYBE WE'LL DO THE RETAIL. THAT'S WHERE YOU'LL SEE LIKE 12 A TWO B KIND OF OPTION BECAUSE WE WANTED TO KEEP IT OPEN WITH OUR UNDERWRITERS SO THAT IT COULD HAPPEN THAT WE'LL OPEN CARBON AND RETAIL IN THE MIDDLE SECTION AND THE NORTH END WILL OPEN LATER BECAUSE THE RENTS ARE NOT SUPPORTING, BUT OUR INTENT IS TO MAKE IT MORE VIBRANT AND WE UNDERSTAND RETAIL BRINGS THE VIBRANCY. UH AND THAT WILL BE OUR ALL PURPOSES. THAT'S WHAT WE ARE LOOKING AT. I WOULD SAY I AGREE WITH, UH, COMMISSIONER DANIELS CHAIRMAN DANIELS BECAUSE IF YOU THINK ABOUT THE WEST SIDE OF PROSPER, WHICH IS WHERE THIS IS SITTING. THAT'S THE MOST CROWDED SIDE THAT WE HAVE, UH MOST DENSE, POPULATED AREA.

    WHERE PEOPLE NEED PLACES TO GO. SO AFTER RETAIL IS THERE TO HIS POINT, THEY'RE GONNA COME FASTER THAN THAN THE EAST SIDE OF PROSPER OR EVEN THE FOLKS THAT THAT ARE GONNA BE LIVING POTENTIALLY LIVING INSIDE THE RESIDENCE IN HERE. IS THERE ENOUGH? UM RETAIL IN THAT

    [01:15:04]

    SECTION TO FOR SCALE AND WHEN, WHEN YOU TALK ABOUT THE PROJECT, AND IT'S LIKE 35 ACRES, BUT YET YOU'RE WHEN WE TALK ABOUT, UH, FIELDS WEST OR LEGACY WEST OR THOSE ARE VERY BIG PROJECTS. AND SO THIS IS NOT ANYWHERE NEAR THE SAME SCALE, SO IT SEEMS LIKE THERE'S A LOT A LOT GOING ON AT A VERY SMALL AREA. UM UM AND I WAS MORE CONCERNED ABOUT THE SCALE OF HAVING ENOUGH RETAIL OR WHETHER THE MIX USE SHOULD BE MORE MIXED USE AND INSTEAD OF RETAIL IN THAT SAME QUADRANT, UM I THINK THAT WAS A CONCERN I HAD IS I LIKE I LIKE A LOT ABOUT THIS DEVELOPMENT. I LOVE THE I LOVE THE CARBON HOTEL. I'M NOT A FAN OF THE PAUSE PODS. UM I. I DON'T THINK IT'S A GOOD FIT FOR PROSPER. I DON'T THINK PROSPER NEEDS TO BE THE FIRST TO GO AFTER THAT TYPE OF DEVELOPMENT, I, I WOULD LOVE TO SEE ANOTHER TYPE OF HOTEL IN THAT AREA. UM, JUST NOT ENVISIONING THE POD CONCEPT. I THINK THAT SPACE COULD BE DONE IS ANOTHER HOTEL, PROBABLY WITH SOMETHING THAT'S MORE, UM PROSPER LIKE AND I WOULD SAY IF THAT'S JUST MY OPINION. IF THERE WAS MORE IF SOME OF THESE APARTMENTS WERE CONDOMINIUMS THAT INCREASED OUR TAX BASE. UM FROM FROM FROM PROPERTY TAXES AND DIFFERENT THINGS. YOU KNOW YOU'RE GETTING A DIFFERENT DIFFERENT. UH, DIFFERENT TYPE OF BUYER. YOU'RE GETTING SOMEONE THAT THE COMMISSIONER REES WAS TALKING ABOUT THAT MAY BRING THEIR KIDS YOU JUST NEVER KNOW. SO JUST MY THOUGHTS. NO, NO, IT MAKES SENSE. THAT MEANT I. I ADDRESS BRIEFLY THE PARTS, RIGHT? I MEAN , AGAIN. WE HAVE SEEN SOME OF THESE BIGGER PARTS AT THE PGA RESORT GO FOR 5000 A NIGHT OR SOMETHING BECAUSE THEY WANT TO BE ON THE FIELD IN THE GROUND. THE IDEA FOR THIS PART WAS LIKE, HEY, THERE'S A WEDDING HAPPENING. UH THREE OF THE SUITES ARE BOOKED. UH, WHAT DO THE KIDS HANG OUT, RIGHT? CAN CAN THE PARENTS TAKE IT? A COUPLE OF PARTS FOR THE KIDS TAKE THOSE AS THE GUEST ROOMS. IT'S LIKE AN ACCESSORY TO THE MAIN WEDDING SUITE HOTEL AND AGAIN I TO UNDERSTAND IT'S A NEW CONCEPT, BUT I THINK PEOPLE ARE MOVING TOWARDS THAT AND WE MIGHT SCALE IT OR SCALE UP OR SCALE DOWN. BUT IF IT SCALES DOWN, WE'LL JUST LEAVE IT AS OPEN SPACE IF THE PARTS DON'T SCALE, BUT THE WHOLE IDEA IS HAVE LIKE A DIFFERENT EXPERIENCE WITH THE PGA HEADQUARTERS COMING IN, AND WHEN THEY GOT TOURNAMENTS, UNIVERSAL COMING IN FAMILIES WOULD WANT A DIFFERENTIATED EXPERIENCE AND THEY CAN JUST GO TO EXITS NORTH AND STAY AT THE HOTEL WHERE THEY HAVE THE SPOTS FOR THE KIDS. THERE'S A SUITE FOR THE PARENTS, SO THAT WAS THE DATA THAT WE WERE LOOKING AND THE OTHER QUESTION AROUND RETAIL . ABSOLUTELY WE THIS RETAIL IN THE MIXED IN THE MIDDLE SECTION AND ALSO RETAIL IN THE ALL OF THE NORTH. ONE SO ONE OF THE SOME OF THE THINGS WE CONSCIOUSLY DID WERE HEY, WE DIDN'T WANT TO PARK AND GO LIKE A LEGACY WEST, RIGHT? WE WANT PROSPER. RESIDENTS TO DRIVE IN PART, WALK OUT TO THE RETAIL, SO AS YOU CAN SEE, IN THE SOUTH SIDE, IT'S ALL RIGHT. PEOPLE CAN PARK IN. GO IN, GET EAT SOMETHING WITHOUT GETTING UH, YOU KNOW, GETTING INTO THE PARKING GARAGE, SEARCHING FOR PARKING AND THINGS LIKE THAT, RIGHT IN THE MIDDLE SECTION IS LIKE THAT, LIKE THE MIDDLE SECTION HAS A GARAGE, RIGHT? YOU CAN HAVE A DIFFERENT MIX OF RETAIL THERE, SO WE TRIED TO BRING IN A NOT TRYING TO BE FOR ALL THINGS FOR ALL PEOPLE, BUT THIS WAS TRULY LIKE A KIND OF A MIXED USE, WHERE THERE ARE LIKE THIS 10% EFFICIENCY UNITS FOR PEOPLE THAT WANT TO WORK THERE, AND THEY'RE LIKE BIGGER UNITS, AND THERE ARE SOME UNITS LIKE YOU'LL BE SURPRISED. THEY'RE LIKE, UH, RETIRED GRANDPARENTS THAT WANT TO STAY CLOSER TO THE KIDS AND GRANDKIDS, AND THEY'RE LOOKING AT LUXURY SCENE. LIVINGS THEY'RE LOOKING AT APARTMENTS. THEY'RE NOT TOO OLD. THEY'RE LIKE 60, BUT THEY DIDN'T WANT TO. GO TOO FAR AWAY FROM THE BECAUSE THEY LIVE. THEY WANT TO LIVE IN PROSPER. THEY WANT TO LIVE NEAR 380. THEY WANT TO LIVE IN FISCAL. THAT'S ONE OF THE MOST. THAT'S WHAT DATA WE ARE SEEING FROM DEVELOPERS. SO WE JUST THIS IS BASED ON THE DEVELOPER'S CONCEPT. WE JUST KEPT THOSE, UH, A LITTLE BIT OPTIONS FOR THEM. WHEN THEY DEVELOP THESE UNITS END OF THE DAY. THEY MIGHT. THEY ARE CAPPED BY THE NUMBER OF UNITS. THEY ARE CAPPED WITH THE SQUARE FOOTAGE THEY MIGHT BUILD 1000 SQUARE FOOT UNITS, RIGHT. IT'S JUST AN OPTION FOR THEM TO SEE THAT BASED ON HOW THE MARKET IS TWO YEARS DOWN THE LINE THREE YEARS DOWN THE LINE, UH HOW HOW THEY CAN. IT'S JUST GIVING US MORE. OPTIONS ON THE KIND OF DEVELOPERS WE BRING, LIKE EVERYBODY'S INTERESTED IN IT. WE DIDN'T WE DIDN'T WANT TO SELL IT. WE WANT TO KEEP IT LIKE HOLISTIC AND KEEP THE DESIGN TEAM. UH BUT WE HAVE BEEN SPEAK. SPEAKING TO EVERY DEVELOPER LIKE YOU. A VERY NOSY TOO. THEY THEY THEY WANT TO BE HERE BECAUSE OF THE RETAIL BECAUSE OF THE HOTELS , UH, BECAUSE THEY THEY THINK IT'S A DESTINATION RATHER THAN ANOTHER 200 UNITS SOMEPLACE JUST LIKE A DESTINATION FOR ART DISTRICT. SO THAT'S THAT'S THE WAY WE WERE GOING TOWARDS. WHAT OTHER QUESTIONS DO WE HAVE FOR THE APPLICANT? YEAH, I HAVE. DIFFERENT SUBJECT NOW, SO UM AND THAT'S ON THE, UH HOTEL CARBON, THE REHAB TOWER, THE REHAB FACILITY. UM NOW THE DESCRIPTION

    [01:20:04]

    OF THE LEGAL EXPLANATION OF IT IS A SCARY WHAT I THINK IS A VERY SCARY WORD. EXTENDED STAY HOTEL. SO COULD YOU HELP ME GO THROUGH THAT FACILITY? HELP ME UNDERSTAND THAT FACILITY A LITTLE BETTER AND WHO'S STAYING IN IT AND RIGHT. SO THERE'S 10 UNITS THERE, UH, IN THE TOWER, AND THOSE 10 UNITS ARE ARE FOR SALE UNITS, RIGHT? SO THEY WOULD BE, UM, THEN CONTRIBUTED BACK TO THE HOTEL. SO LET'S SAY BAYLOR, SCOTT AND WHITE. I TOOK ONE OF THOSE UNITS. AND, UH, THEY HAD A KNEE SURGERY THAT WANTED TO RECOVER FASTER. WE CAN INCREASE THE OXYGEN IN THE BEDROOM AREA, UH, TO RECOVER FASTER FOR ATHLETES, AND IT'S NOT OCCUPIED. IT GOES BACK INTO THE HOTEL. UH UH, INTO THE HOTEL. UH, INVENTORY, SO IT'S SERVICED BY THE HOTEL. UM AND THAT'S THAT'S HOW IT'S CARED FOR SO THAT I'M SORRY. I JUST WANNA ASK ONE. IF IT GOES BACK INTO THE HOTELS THAT CONSIDERED A SHORT TERM RENTAL. LIKE AIR BNB OR VRBL, BECAUSE WE HAVE AN ORDINANCE AGAINST IT. NO. SORRY. SO LET ME I WAS JUST MAKE SURE I UNDERSTAND. SO THE TOWER THAT THOSE THAT'S NOT OFFICE SPACES THEN OR ANYTHING, THAT'S THAT'S EX. THAT'S THE EXTENDED STAY PLACES. YEAH, THAT THAT IS A SCARY TERM, BECAUSE, UH, IT'S $1000 A SQUARE FOOT, SO THERE'S NOTHING REALLY EXTENDED. STAY LIKE, YOU KNOW, UH, A BEDROOM WITH A LARGE KITCHEN IN IT NEAR THE HIGHWAY. I IT'S PRETTY POSH, BUT THE IDEA IS THAT IT'S SO TECH FORWARD THAT NOT REALLY OWNED BY INDIVIDUAL PEOPLE. IT'S OWNED BY, UM DOCTORS AND THAT SORT OF THING SO AND THE AND THE BUILDING AND AT THE BOTTOM OF THE TOWER. THAT PART IS THAT THE HOTEL WHAT IS THAT? THAT IS ALSO A MEDICAL RIGHT? YEAH, SO IT'S THAT IT'S THAT, UH, SCAN THE BODY SCAN FOR THE ATHLETES. THE GAIT, UH, WATCHING YOUR GATE AS YOU GO AWAY TO GET TO GET YOUR, UM, SOULS THAT SORT OF THING. OK FOR LEASE PRODUCT. OKAY THANK YOU. AND YOU HAVE PRETTY FIRM TENANTS OR COMPANY SIGNED UP FOR THAT. I MEAN, THIS GOES. I MEAN, THAT'S A BECAUSE YOU'VE GOT A PRETTY DETAILED EXPLANATION THERE SO, UH, WHERE THAT CAME FROM, AND THAT SQUARE FOOTAGE CAME FROM, UM 22 PLACES. UH, LANDAU PERFORMANCE IN DENVER. UM THEY HAVE 2 15,000 SQUARE FOOT FACILITIES, AND THEY WOULD BE OUR, UH, LESSEES, RIGHT? UM, WITH THE TOWER. UH, LESS OF A DIRECT CONTACT. IN OTHER WORDS, WE HAVE AN LO I FROM LANDAU. NOW WE HAVE TWO OR THREE OPTIONS ON THE TOWER THAT WERE THAT WE'RE GOING BACK AND FORTH WITH, BUT YES, WE'RE PRETTY PINNED DOWN ON ON THE LEASE FOR THE MEDICAL AND BACK TO THE SECOND HOTEL. IS THAT PRETTY FIRM? THE VASE HOTEL , I GUESS IS THAT I MEAN, WE ARE Y'ALL. I KNOW THAT'S A LITTLE LATER IN THE DEVELOPMENT. BUT IS THAT A PRETTY FIRM? THAT'S WHO THAT'S GONNA BE OR HOW? HOW MUCH COULD THAT CHANGE OVER YEARS? I GUESS SO. I HAVE THE I HAVE THE FUNDING IN PLACE FOR THREE NOW, AND VOS IS 80. I MISPRONOUNCED THAT I APOLOGIZE. IT'S ALL RIGHT . IT'S 80 SUITS, AND IT GOES WITH THE, UH, WEDDING VENUE. SO WE REALLY NEED THOSE TWO TO HAPPEN TOGETHER. WE THINK THERE'S YOU KNOW, 100, PLUS WEDDINGS A YEAR. UM AND AGAIN, WE TALKED ABOUT THE ARC OF TIME AND THE ARC OF AGE. THE AGE HERE IS IMPORTANT, RIGHT? THAT'S T TT INSTAGRAMMABLE MOMENT THAT WE APPEAR, UH, ON EVERYONE'S SOCIAL YOU KNOW THAT HOTEL RIGHT? THERE IS VERY SPECIFIC AND VERY, UH, ONE OF A KIND. SO THE ANSWER TO THE QUESTION IS FIRM WE WANT, IT'S HELPFUL. APPRECIATE THAT HOW MANY UNITS WAS IN THE IN THE MAIN HOTEL? 80 AND THEN HOW MANY OF THE PODS 60. IN THAT CHAPEL WOULD BE A TIE IN TO IT SO LIKE BOTH WOULD BE DEVELOPED AT THE SAME TIME, BASICALLY FOR THAT PURPOSE. THAT'S WHY WHEN YOU GO BACK AND FORTH ABOUT TIMING, I REALLY WANT TO BE THAT GUY THAT SAYS YES, LET'S DO IT. I JUST I HAVE TO BE SMART AND SAY, PHASE ONE. PHASE TWO. OTHER QUESTIONS FOR THE APPLICANT. WE ARE IN A PUBLIC HEARING AT THIS POINT. SO WE, UH WE HAVE A COUPLE OF PUBLIC COMMENT. REQUEST FORMS COMMISSIONER HAMILTON I'VE GOT I'VE GOT I'VE GOT ONE QUESTION. I'M SORRY. I'VE GOT ONE MORE QUESTION FOR YOU ON THE, UH, WHAT ARE THE WHAT ARE THE ART? UH THE PUBLIC ART INSTALLATIONS AT 24 PUBLIC ART INSTALLATIONS.

    IT'S A GREAT QUESTION ABOUT BEING PROSPER ARTS DISTRICT. UH THERE IS A VERY REAL INTENTION TO HAVE PUBLIC ART AND INSTALLATIONS OF IT COULD EVEN BE ROTATING TYPE ART. WE HAVE A

    [01:25:08]

    ROTATING, UH, SHOW IN OUR OFFICE AT ONCE A QUARTER THAT'S DIFFICULT TO CODIFY. IT'S CODIFIED KIND OF IN A THROUGH NEGOTIATIONS WITH STAFF, UM THEY REQUESTED 24. I THINK OUR OUR NUMBER WAS LOWER BECAUSE WE WANTED TO DO LARGER SCALE, LARGER FORMAT, UM, SCALE, BUT THEY SUGGESTED IN LOOKING AT THE PLAN. AND YOU SAW THAT, ACTUALLY LET ME GO BACK TO IF YOU LOOK AT THE PLAN, YOU CAN SEE THEM. AS LITTLE RED DOTS. IN WORKING WITH STAFF WHERE THOSE ART INSTALLATIONS WOULD BE. UM IT'S HARD TO PUT A DOLLAR FIGURE ON THEM, YOU KNOW, SOMETIMES IN PUBLIC PROJECTS, THERE'S A ONE OR, YOU KNOW THERE'S A PERCENTAGE THAT'S APPLIED TO PUBLIC ART. UM THIS NOT BEING A PUBLIC PROJECT. IT'S SOMETIMES I'LL BE HONEST WITH YOU.

    SOMETIMES THE ARCHITECTS DON'T EVEN KNOW WHAT THE BUDGET IS SO IN WORKING WITH STAFF, IT WAS HARD FOR US TO PUT A DOLLAR FIGURE ON WHAT THAT MIGHT BE. SO WE SETTLED ON A QUANTITY. AND IF YOU LOOK AT THAT PLAN RIGHT THERE, YOU'LL SEE 24. APPROXIMATE LOCATIONS WHERE INSTALLATIONS COULD BE GOT YOU. HAD A QUESTION ON THE FIELD. I JUST THOUGHT OF WHEN YOU WENT BACK TO THIS PLAN IS THAT PART OF CARBON OR IS THAT OPEN? IS IT PRIVATE? WHAT IS THE KIND OF USE OF THE BASKETBALL COURT THE IT'S. IT'S AN AMENITY FOR HOTEL CARBON, THE SPORTS FIELD. IT'S, UH IT'S UH, NOT MUCH DIFFERENT THAN THE OMNI AT THE STAR. RIGHT UM, THAT WE KNOW THAT FIELD ACTIVATES A LOT OF PEOPLE IN AND OUT. WE TALKED EARLIER ABOUT AND I. I DIDN'T JUMP UP. BUT WE TALKED ABOUT YOUTH. THAT WHOLE RIGHT SIDE IS YOUTH. RIGHT? THERE'S A THERE'S A SKATE PARK IN THE FAR RIGHT. IN THE VERY, VERY RIGHT, UH, SOUTHWEST CORNER SOUTHEAST CORNER AND THEN, UH, SNOWBALL AND THEN THE FIELD AND THEN A BASKETBALL COURT. HOTEL CARBON IS TEAMS OF ATHLETES. UH THIS PARTICULAR ONE, THERE'S THREE LEVELS OF A HOTEL CARBON ACADEMY ELITE AND PRO SERIES.

    THIS IS THE ELITE. SO THIS IS THE, UH, THE HIGH SCHOOL TO D ONE COLLEGE. THAT SORT OF THING.

    PROBABLY NOT GONNA GET PROS STAYING HERE. THIS IS THAT TRAVELING A U TEAM RIGHT? AND THE BEDS ARE ALL 9 FT. SO I THINK THAT WHOLE RIGHT SIDE IS YOUTH. UM FOR THE MOST PART. SO YOU'RE SAYING THAT FIELD WOULD BE KIND OF OPEN TO THE PUBLIC? YES ABSOLUTELY. YEAH, THAT'S A GOOD CLARIFICATION OF THE STAR. SO THAT'S A PRETTY POPULAR FEEL TOO MANY WORDS. RIGHT? YEAH OUR STUDIO DID THE STAR AND I WILL TELL YOU, COMMISSIONER CARSON. UM THAT FOOTBALL FIELD IN FRONT OF THE STAR. WAS MORE SUCCESSFUL THAN WE EVER IMAGINED. AND IT FRANKLY DRIVES A LOT OF OUR PUBLIC OPEN SPACE. UM PROJECTS RIGHT NOW. ON ANY DAY OF THE WEEK. YOU CAN SEE KIDS THROWING FOOTBALLS THERE. RUNNING AROUND TAKING PHOTOS, CONCERTS, WHATEVER. ALL RIGHT. ANY OTHER QUESTIONS AT THIS POINT? THEN WE MAY HAVE MORE LATER. SO THANK YOU VERY MUCH. THANKS FOR GOING THROUGH ALL THIS. WE LIKELY WILL. UH, WE DO HAVE A COUPLE OF MEMBERS OF THE AUDIENCE THAT HAVE RESPONDED WITH, UH, COMMENT. REQUEST FORMS. THIS WOULD BE A TIME IF ANYONE IN THE AUDIENCE WANTS TO COME FORWARD AND SPEAK ON THIS SUBJECT. UH, JUST AS YOU DO COME FORWARD, STATE YOUR NAME AND ADDRESS FOR THE RECORD AND APPRECIATE YOU BEING HERE. THANK YOU, DARRYL FLOYD. I'M AT 1651 BIRDSONG. I LIVE IN THE STAR TRAIL EDITION, WHICH IS JUST SOUTH. OF WHERE THEY'RE BUILDING. AND UM, THE ONE THING I DID APPRECIATE, UM IF Y'ALL REMEMBER LAST YEAR OR LONGER THAN THAT STAR TRAIL FOUGHT VERY HARD AGAINST THE DEVELOPMENT DIRECTLY BEHIND US.

    UM, I THINK WE HAD THREE OR 400 SIGNATURES AGAINST IT. AND UM, THE ONE THING THAT WAS VERY NICE FROM THESE DEVELOPERS. IS THEY CAME AND ASKED TO TALK TO US. I THINK THEY TALKED TO DEVIN OVER HERE, AND HE UM UM CONNECTED THEM TO SOMEBODY OVER IN STAR TRAIL, AND I TOOK THE REINS ON IT AND WE MET WITH THEM. WE MET WITH SOME OTHER PEOPLE IN THE NEIGHBORHOOD, AND THEY WENT OVER ALL OF THIS THAT THEY WENT WITH. YOU WENT OVER WITH YOU, AND THEY WENT OVER THAT WITH US. AND, UM THERE THERE. THERE'S THINGS IN THERE, OF COURSE THAT WE DON'T LIKE. BUT YOU KNOW 80% OF THE STUFF IN THERE. WE REALLY LIKED ESPECIALLY THE RETAIL. THE RESTAURANTS. UM, THE FITNESS AREA. THE SOME OF THAT STUFF BECAUSE ONE OF THE THINGS THAT WE WANNA SEE BECAUSE YOU KNOW AS WELL AS ANY OF US THAT UM, THAT AREA ALONG WITH A LOT OF THE TENT NEIGHBORHOODS IN THIS TOWN ARE VERY EXPENSIVE. WE HAVE HOMES UP TO $3 MILLION BEING BUILT RIGHT THERE. AND THEY'LL THEY'LL BE HIGHER NEXT YEAR, ESPECIALLY WITH THIS BEING BUILT . IT'S GONNA RAISE UP OUR TAXES, WHICH I HATE, BUT IT WILL AND, UM, SO BUT GOING DOWN THE TOLLWAY. WE WANT TO BE SURE THAT

    [01:30:06]

    WHATEVER YOU PUT GOING DOWN THE TOLLWAY, WHETHER IT'S THIS DEVELOPMENT OR ANYTHING THAT IT SIGNIFIES WHAT WE WANT PROSPER TO LOOK LIKE WE DON'T WANT SOME RAGTAG APARTMENT COMPLEXES. UM, THAT'S NOT GONNA GENERATE ANYTHING GOOD FOR PROSPER. UM, THIS ONE WILL LOOK VERY NICE. UM WE HAVE ALWAYS BEEN AGAINST MULTIFAMILY, BUT YOU KNOW, THAT'S PRO. YOU GOTTA HAVE SOME OF THAT. I UNDERSTAND THAT. UM, WE'D LIKE TO SEE MORE RESTAURANTS THERE. BUT, UM BUT WHEN YOU'RE SAYING YOU'RE NOT SURE IF PEOPLE WILL GO THERE, I GUARANTEE YOU WE'RE GOING TO HAVE 1800 FAMILIES IN OUR NEIGHBORHOOD ALONE. I'M NOT COUNTING WHAT LEGACY GARDEN IS, WHICH IS DIRECTLY BEHIND THAT. AND ALL OF THOSE PEOPLE. I DON'T KNOW WHY THEY EVEN PUT KITCHENS IN THEIR HOUSES BECAUSE THEY ALL GO OUT TO EAT EVERY NIGHT, SO THEY KIND OF THEY'RE GONNA GO AND SWAMP THAT PLACE. UM SO I HAVE NO, I NO. OUT THAT THE RETAIL AND THE RESTAURANTS WILL BE USED. TREMENDOUSLY. UM, WE JUST WANNA BE SURE THAT DEPARTMENTS ARE A HIGH END TYPE APARTMENT. WHETHER OR NOT KNOW WHERE THEY CAN FILL THEM OR NOT. I DON'T KNOW. BUT I HAVE SEEN IN MY LIFETIME. I'M 69 YEARS OLD APARTMENTS GO DOWNHILL. THEY GET SOLD OFF AND THEY GO DOWNHILL MORE. WE DON'T WANT TO SEE THAT. SO WE WANT TO SEE THAT THEY'RE MAINTAINED AND THAT WHATEVER THEY'RE PRESENTING YOU DOESN'T CHANGE WITHOUT YOUR APPROVAL. ON THIS SO BUT WHAT THEY'VE SHOWED US. UM I HAVEN'T HAD ANYBODY IN MY NEIGHBORHOOD SAY NO. AND WHEN YOU REMEMBER WE HAD 3 400.

    PEOPLE SAID NO BEFORE, SO THEY'RE NOT AFRAID TO SAY ANYTHING. UM THE ONE THING SOME PEOPLE ASK ME TO, AND I'M NOT ASKING QUESTIONS. JUST DOING SOME COMMENTS. UM, THEY WERE CONCERNED. IF THERE'S SOME RESTAURANTS OR ENTERTAINMENT THAT LASTS REAL LATE INTO THE NIGHT WITH THE NOISE LEVEL IS GONNA BE UM, THAT THAT'S CONTROLLED. THERE, WHICH I'M SURE THAT NO. AFTER 10 O'CLOCK, 11 O'CLOCK IT PROBABLY WON'T BE BUT EVEN WHERE WE LIVE, WE CAN HEAR THE PROSPER FOOTBALL STADIUM, YOU KNOW GOING, SO THAT'S NOT THAT BIG A DEAL? UM WE DIDN'T KNOW WITH WHAT THEY HAVE HERE AND DIRECTLY ACROSS THE STREET ON THE EAST SIDE OF THE TOLLWAY. UM, HOW MANY APARTMENTS ARE ACTUALLY MAYBE IN THE FUTURE GOING TO BE PLANNED, SO WE DON'T KNOW IF THE TRAFFIC STUDIES HAVE BEEN DONE OF WHAT'S GOING TO HAPPEN. THERE AND WITH THE TOLLWAY COMING IN. SO JUST MAKE SURE THAT ALL THAT'S BEEN DONE SO, BUT ALL IN ALL WE DIDN'T HAVE A BIG PROBLEM WITH WHAT THEY PRESENTED US. AND WHICH IS UNUSUAL FOR OUR NEIGHBORHOOD. SO BUT AS LONG AS THEY KEPT IT LIKE THEY PRESENTED IT. WE WERE KIND OF IN FAVOR OF IT. MR FLOYD APPRECIATE YOU BEING HERE APPRECIATE THOSE COMMENTS, AND I DO REMEMBER THOSE THREE AND 400 COMMENTS FROM YOUR NEIGHBORHOOD THE LAST TIME, BUT I APPRECIATE IT. YEAH, WE ARE IN A PUBLIC HEARING ANY OTHER MEMBERS OF THE AUDIENCE THIS EVENING THAT WANTED US TO COME FORWARD AND SPEAK. THIS IS YOUR OPPORTUNITY ON PUBLIC HEARING ITEM NUMBER FOUR THIS EVENING. I WANT TO TAKE THAT PAUSE AS A NO. AND I'M GONNA KEEP THE PUBLIC HEARING OPEN HERE FOR A SECOND FOR OUR COMMISSIONERS. IF THERE WERE ANY OTHER, FOLLOW UP QUESTIONS OR COMMENTS THAT WE WANTED TO GET BEFORE WE, UH CLOSE THE PUBLIC HEARING AT THIS TIME. HAD A QUICK, EASY ONE IS PEREIRA DIRECTLY TO THE NORTH OR IS THERE SPACE IN BETWEEN? NOT DIRECTLY TO THE NORTH. LET ME JUST GO BACK. I THINK DAR IS PROBABLY LOOKING UP. HOW FAR TO THE NORTH. IT IS NOT THAT PRECISE. SORRY. IT'S GONNA TAKE A SECOND. IT'S LONG PRESENTATION. I THOUGHT IT WAS AN EASY QUESTION. THERE SO DIRECTLY TO THE NORTH IS UH, FOR COMMERCIAL CORRIDORS. SO, UM ON OUR FEET TO THE NORTH. AND THEN THE PER THEIR PROPERTY. THE PDA PROPERTY IS 1200 FT. TO THE NORTH TO THE NORTH. SO THE NEXT QUESTION JUST FOR THE RECORD OUR PUBLIC HEARING. WHEN IS THIS LIGHTED TO GO BEFORE? UH, COUNCIL THIS CASE. AT THE EARLIEST. I KNOW WE MIGHT NOT HAVE A FIRM DAY AT THIS POINT. I BELIEVE THE EARLIEST IS GONNA BE THE 28TH. 28TH OF MAY THEY THEIR NEXT MEETING IS NEXT WEEK AND THAT CAN'T HAPPEN. AND THEN THE 14TH IS THE MEETING THAT I THINK SOME OF THEM ARE GONNA BE OUT OF TOWN. AND SO THE 28TH IS THE MEETING WHERE IT WILL BE A FULL COUNCIL AND THAT'S THE ONE I WOULD EXPECT IT TO GO TO. IN OUR NEXT MEETING IS WHAT THE SEVEN CORRECT IS THERE ANY YOU KNOW? ANY CITY INVOLVEMENT OR ANY

    [01:35:08]

    BURDEN, YOU KNOW, ON ON OTHER DEVELOPMENTS TO THE NORTH, YOU KNOW THAT WAS CONSTRAINED BY SOME UTILITY LINES. I THINK THEY'RE LIKE C, IP 25 OR WHATEVER WAS IN THAT WHERE THEY CAN'T EVEN START UNTIL THAT HAPPENS. IS THERE ANYTHING FROM THE CITY'S PERSPECTIVE THAT HAS TO HAPPEN HERE FROM A ROADWAYS, UTILITIES THAT THAT NEED TO HAPPEN? WELL I KNOW IN IN IN PEREIRA, WHICH IS ONE OF THE ONES I THINK YOU'RE TALKING ABOUT. WE HAD TO EXTEND THE SEWER LINE TO A CERTAIN POINT TO WHERE THEY COULD. THEN TAKE IT AND EXTEND IT DOWN. MARTIN, I THINK KNOWS MORE SPECIFIC. WHAT'S WHAT'S NOT QUITE THERE YET AND SO YEAH, MY PARTNER.

    ANSWER I'LL SAY IS YOU'RE ADDRESSING THAT THE QUESTION WAS THAT DELAYED THE START OF THE DEVELOPMENT, SO THAT'S WHAT I'M REALLY ULTIMATELY TRYING TO UNDERSTAND. IS THERE ANYTHING THAT'S GONNA DELAY FROM A UTILITY INFRASTRUCTURE STANDPOINT OR ROADWAY? SURE MIKE MARTINI ASPIRES. ENGINEERING 765 CUSTER ROAD, PLANO. UM THE ANSWER IS NO. WE HAVE BEEN IN TALKS WITH THE CITY ABOUT THE UPPER DO RANCH SEWER LINE, AND, UH, I BELIEVE THEY HAVE SAID THAT THERE IS CAPACITY FOR THIS DEVELOPMENT AS PROPOSED, UM AND SO THE TIMING OF THIS DEVELOPMENT COMING ONLINE. WOULD BE MUCH FURTHER AFTER THAT. BIG SEWER PRODUCT IS COMPLETE. I THINK ABOUT A YEAR FROM NOW OR SO. CLARIFY. YEAH, JUST TO ADD TO WHAT MIKE SAID. WE'VE WE'VE HAD MULTIPLE MEETINGS WITH LINDY IN YOUR ENGINEERING GROUP, AND THEY'RE TWINNING, UH, A SEWER LINE THAT'S BEING EXPANDED TO THE SOUTHWEST CORNER OF THE CITY. UH THEY'RE THEY'RE BASICALLY TO. THEY'RE GONNA TWIN THAT LINE TO SERVICE PROJECTS LIKE THIS, BUT TO OUR PLEASANT SURPRISE, IT'S SUPPOSED TO BE FINISHED. I THINK, SHE SAID BY THE END OF NEXT YEAR YEAH, I BELIEVE IT'S A 12 MONTH AND IT STARTS. SO YEAH, WE DON'T NORMALLY GET THOSE WE DON'T NORMALLY GET THOSE ANSWERS. SO YOUR INTENT WOULD BE THAT YOU'RE STARTING OF THIS DEVELOPMENT WOULD NOT BE TIED TO THAT. COMING ONLINE. UM AS FAR AS THE TIMELINE IS THAT THAT SEWER LINE THAT SEWER PROJECT WOULD BE COMPLETE BY THE TIME THAT THIS WOULD NEED IT TO BE COMPLETE AS FAR AS LIKE PLOTTING. AND THOSE TRIGGERS. YEAH. MM. THANK YOUR QUESTION FOR STAFF REGARDING, UH, MAYBE A PROCESS QUESTION. WE PROBABLY ALL KNOW THE ANSWER, BUT ANY YOU KNOW, WE'VE GOT A LOT OF UNIQUE, UH, BUILDING MATERIALS PROPOSED HERE A LOT OF UNIQUE FEATURES ON THE HOTELS AND WHATNOT AS FAR AS BUILDING MATERIALS AND DEVELOPMENT AGREEMENTS. WHAT WHAT HAS BEEN DISCUSSED WITH THAT AS WE MOVE FORWARD THROUGH THIS PROCESS? WE HAVEN'T TOUCHED ON SPECIFICS OF THE DEVELOPMENT AGREEMENT YET, BECAUSE NORMALLY WHAT HAPPENS IN OUR REGULAR PROCESS OF GOING THROUGH P DS OF ANY FORMAT, WHETHER IT'S A SINGLE STRUCTURE OR MULTI STRUCTURES LIKE THIS IS WE GET THE PD NAILED DOWN AND IT HAS REFERENCES TO ALL THE THINGS THAT WE WANT INCLUDED IN THE DEVELOPMENT AGREEMENT AND THE PD BECAUSE IT'S ZONING. IT'S NOT ALLOWED. OR WE'RE NOT ALLOWED TO USE THAT AS AS REGULATIONS. THEREFORE WE HAVE THE DEVELOPMENT AGREEMENT, WHICH IS A CONTRACT, WHICH DOES ALLOW US TO DO THAT. AND SO WE GET THE PD DONE FIRST. TYPICALLY THAT'S VOTED ON IN AND GOES THROUGH THE PROCESS, ASSUMING IT'S APPROVED OR RECOMMENDED FOR APPROVAL BY P AND Z AND THEN APPROVED BY COUNCIL. THEN WE PUT THE DEVELOPMENT AGREEMENT TOGETHER, AND THAT FOLLOWS RIGHT BEHIND IT. I APPRECIATE THAT CLARIFICATION. THE ONLY REASON I KNOW THAT AS THINGS MOVE FORWARD , THAT'S GOING TO COME UP BECAUSE IT DOES LOOK LIKE YOU HAVE SOME VERY UNIQUE BUILDING MATERIALS THAT FRANKLY, I THINK IT'S REALLY NEAT AND LIKE IT, BUT IT MAY BE A LITTLE DIFFERENT THAN WE'RE USED TO IN PROSPER. SO THAT'S WHY I ASKED THAT AS A POINT OF PROCESS SO ANY OTHER QUESTIONS AT THIS POINT BEFORE WE CLOSE THE PUBLIC HEARING.

    GLENN DO YOU HAVE A QUESTION? YEAH. JUST ONE MORE QUESTION ABOUT THE, UM THE FLOODPLAIN AREA, BECAUSE AS I LOOK AT THE MAP ON THIS HOW MUCH IT COVERS. I MEAN, REALLY, IF YOU LOOK AT THE AT THE MAP THAT WE HAVE IN OUR MATERIAL, THE FLOOD PLAIN, I ASSUME THAT'S THE ZONE. A E. IS THAT WHAT THAT'S CORRECT? YEAH, OK, THE BLUE LINE, SO THAT PRETTY WELL UM OVER HALF OF YOUR RETAIL AREAS IN THAT FLOOD PLAIN . SO IS THIS GONNA REQUIRE? I MEAN, YOU'RE GONNA HAVE TO GO THROUGH FEMA AND GET FOR ALL THOSE PERMITS AND WHATEVER THEY REQUIRE. SO THIS PORTION OF THE PLAN IS, UH, CONTROLLED BY THE CITY. UH AS FAR AS THE PROCESS SO WE WILL, UM WE WILL DO A FULL FLOOD STUDY. UM YOU KNOW, AT THE TIME OF THE PSP IS TYPICALLY THE FIRST TRIGGER THE PRELIMINARY SITE PLAN, SO UH, AS FAR AS THE LIMITS OF THAT THAT WOULD OBVIOUSLY BE FULLY DETERMINED,

    [01:40:03]

    UH, WITH THAT STUDY, SO OK, SO THIS THIS GETS BACK A LITTLE BIT TO MY CONCERNS ON THE YOU KNOW, PHASING AND THAT KIND OF STUFF AGAIN. BECAUSE I TO ME. MY FAVORITE PART OF THIS IS THE RETAIL ARTS DISTRICT THAT YOU'VE GOT, AND THAT'S INCREDIBLY IMPORTANT BECAUSE IT'S GOT SO MUCH OF THE RETAIL AND YET THERE IS THERE IS A QUESTION THAT STILL REMAINS OUT. THERE IS HOW MUCH OF IT CAN ACTUALLY BE BUILT BECAUSE OF THE FLOODPLAIN IS THAT, UM, IS THAT A CORRECT ANALYSIS. IT IS SOMEWHAT AS FAR AS IT WOULD BE PENDING THIS THE STUDY. ULTIMATELY HOWEVER, UM A LOT OF THAT IS DEPENDENT UPON THE ENGINEERING DESIGN AS FAR AS GRADING SO THE AREAS THAT THE FLOODPLAIN BEING AS IT IS, IS JUST HOW THE LAND IS GRADED TODAY, RIGHT? IT'S JUST OPEN GRASS. IT'S VERY AND IT'S VERY FLAT. SO YOU KNOW, WITH THE DEVELOPMENT OBVIOUSLY, OUR INTENTION IS TO TRY TO RECLAIM AS MUCH OF THAT FOR, UH, FOR THE DEVELOPMENT I'VE SHOWN UM AND ALL OF THAT IS A PROCESS. WE WORK THROUGH WITH THIS WITH THE TOWN ENGINEERING DEPARTMENT AND WE HAVE TO PROVE YOU KNOW, WE HAVE TO PROVE THAT THAT IS ALL UP TO CITY STANDARDS WITH HOW MUCH WE CAN RECLAIM SO YEAH, OK. AND WE DO ALLOW. IT'S GOOD. THE FLOODPLAIN RECLAMATION. I'M SORRY. SAY WE DO ALLOW A TOWN OF PROSPER. WE DO ALLOW FLOODPLAIN RECLAMATION SO THEY'LL BE ABLE TO BASICALLY CRAFT AND CREATE BUT I CALL IT A LITTLE CREEK. WHATEVER YOU WANNA CALL IT, BUT THE WATER FEATURE THAT GOES THROUGH THEY'LL BE ABLE TO CRAFT THAT AND TAKE THE PLACES WHERE IT KIND OF JUST RUNS ALL OVER THE PLACE. LIKE TOP OF THIS COMPACT IT A LITTLE BIT. MAKE IT A LITTLE BIT DEEPER, SO THEY JUST PUT THE SIDES UP BY TAKING, YOU KNOW, DIRT OUT OF THE MIDDLE AND CRAFT WHAT THEY NEED, AND WE ALLOW THAT AS LONG AS THEY PROVE UP THAT THE FLOW STILL WORKS PROPERLY AND AGAIN, JUST THE IT'S ONLY THE TOWN THAT WE HAVE TO THAT YOU HAVE TO WORK WITH.

    YOU DON'T HAVE TO WORK WITH THE FEDS OR ON ON THIS AT ALL? YEAH, NOT NOT FOR THE PORTION THAT WOULD BE AFFECTING THE ACTUAL, UH, RETAIL AREAS. THEY HAVE TO MAKE DAN HUYSMAN HAPPY. RIGHT? ALMOST LIKE THE FEDS, THEN ALL RIGHT. THANK YOU. THANK YOU. ANY OTHER QUESTIONS BEFORE WE CLOSE THE PUBLIC HEARING THIS EVENING. ALL RIGHT. WELL, THANK YOU VERY MUCH. GO AHEAD. AND, UH, ANY OF THE COMMENTS FOR US, GENTLEMEN, LET ME JUST ADD I. I WAS ON YOUR SIDE OF THE DS FOR EIGHT YEARS IN THE CITY OF RICHARDSON AND FOUR OF THAT WAS AS CHAIRMAN OF THE PLANNING COMMISSION, SO I FEEL YOU'RE PAYING I KNOW YOU GET PAID IN EXQUISITE SALARY HERE. AND, UH, I JUST WANNA COMPLIMENT YOU ON, UH, WANNA COMPLIMENT STAFF ON THE WAY THEY CONDUCTED BUSINESS WITH OUR TEAM, AND THE WAY, MR CHAIRMAN. YOU AND YOUR TEAM HAVE RAN THE MEETING TONIGHT. UH, WE'RE HAPPY TO BE HERE CERTAINLY UNDERSTAND EVERY SINGLE QUESTION THAT WAS ASKED EVEN YOURS, MR CARSON. UH, THOSE ARE ACTUALLY SOME OF THE BEST ONES. UH, BUT WE APPRECIATE YOU HAVING US AND WE WERE, UH, WE RESPECTFULLY REQUEST YOUR RECOMMENDATION FOR APPROVAL AND LOOK FORWARD TO NEXT STEPS.

    THANKS FOR HAVING US ALL RIGHT. WELL, THANK YOU. AND THANKS TO YOUR TEAM AND APPRECIATE Y'ALL BEING HERE, I REALLY DO. I KNOW IT'S UH, YOU GOT A LOT OF A LOT OF MONEY AND A LOT OF TIME INVESTED AND WE'RE GLAD YOU'RE IN PROSPER. WE'RE GLAD YOU'RE LOOKING AT PROSPER AND, UH, JUST REALLY DO APPRECIATE IT. AND LIKE A LOT OF WHAT WE SAW. I APPRECIATE THAT VERY MUCH, SO I'LL GO AHEAD AND CLOSE THE PUBLIC HEARING. NOW I WANNA TAKE IT BACK TO THE COMMISSION AND, UH, COMMISSIONER HAMILTON. I WANT TO START WITH YOU ON COMMENTS. WE'LL WORK AWAY FROM RIGHT TO LEFT. AND, UH, ALL RIGHT, HOW A FLIP OF THE COIN AND YOU'RE THE LUCKY ONE. I AM THE LUCKY ONE. FIRST OF ALL, I LOVE THAT THIS IS A VERY DIFFERENT DEVELOPMENT. AND I LOVE SO MUCH OF IT, ESPECIALLY THE EAST SIDE, THE CARBON HOTEL AND THE SPORTS AREA. I LOVE EVERYTHING ABOUT THAT. AND UM, A LOT OF THE FACT THAT IT'S DIFFERENT. I LOVE THAT. IT WOULD BE PERFECT FOR PROSPER. UM I LOVE THE USE OF THE, UH, FLOOD PLAIN AS FAR AS AMENITY AROUND THE DEVELOPMENT. I THINK THAT'S SUPER IMPORTANT AND UM, AND IT'S NICE TO BE ABLE TO SEE IT BEING USED THE WAY IT SHOULD BE USED AS AN AMENITY. UM I HAVE SOME OF THE SAME CONCERNS REGARDING PHASING, AND, UH MY CONCERN WITH THE MULTIFAMILY FIRST IS, YOU KNOW THERE'S A YOU KNOW MONEY FOR MULTI FAMILY YOU CAN GET THAT DEVELOPED AND THEN OBVIOUSLY THE HOTEL PART AND THE SPORTS SIDE WOULD COME RIGHT ALONG. BUT THEN WHAT IF THAT STAND OF FUNDING, AND, UM UM THE REST OF IT DOESN'T GET DEVELOPED. SO I'M A LITTLE CONCERNED ABOUT THAT, AS WELL AS THE I KNOW A PROJECT LIKE THIS NEEDS MULTIFAMILY. UM BUT I'VE I GUESS I'VE BEEN, UM, BEATEN TO HEAR THAT THE NUMBER OF MULTIFAMILY IN THE TOWN IS A HARD AND FAST NUMBER. AND I

    [01:45:05]

    GUESS I'D LIKE TO HAVE A BETTER COMFORT LEVEL THAT SOME OF IT IS COMING OFF SO THAT WE CAN ADD IT BACK FOR A GOOD PROJECT LIKE THIS, UM UH, AND MY LEG. I STILL I LIKE MOST OF THE HOTELS, BUT I STILL HAVE A ISSUE WITH THE POD. UM AND I WOULD LIKE UM I REALLY WOULD LIKE A PROJECT LIKE THIS THAT IS SO DIFFERENT AND UNIQUE. IT'S THERE'S NOTHING THAT WE COULD POINT TO IN OUR TOWN. I FEEL LIKE A PROJECT LIKE THIS. WE REALLY DO NEED TO SIT DOWN WITH TOWN COUNCIL AND KIND OF HAMMER THROUGH SOME OF THOSE DETAILS SO THAT WE CAN, UM, SHAVE SOME TIME OFF BECAUSE I FIGURED THIS WOULD BE GOING BACK AND FORTH. IF WE DON'T DO IT THAT WAY, SO I WOULD LIKE TO GET , UH, JOINT MEETING WITH THEM AS SOON AS POSSIBLE AT THE SOONER THE BETTER SO THAT WE CAN KEEP THIS PROJECT MOVING FORWARD. UM BECAUSE I THINK THIS PROJECT IS PROBABLY UM 80% THERE. UM BUT THERE'S A LOT OF LOOSE THINGS THAT NEED TO GET RESOLVED BEFORE I WOULD BE WILLING TO PASS THIS ON MY SIDE. THANK YOU. COMMISSIONER HAMBLE APPRECIATE THAT. MR HARRIS. SO, UM, AGAIN, I I'LL, UH ECHO, UH, COMMISSIONER HAMILTON SENTIMENTS AND SOME OF WHAT WE'VE HEARD HERE. UH, THIS IS A, UM, A GREAT DEVELOPMENT. UH YOU ALL HAVE DONE A WONDERFUL JOB, PRESUMING THAT DEVELOPMENT AND BRING A KNOWLEDGEABLE TEAM HERE TO ANSWER THE QUESTIONS THAT WE HAD , UM, QUICKLY AND COMPLETELY AND , UH, THERE'S A LOT ABOUT THIS EARLIER. I WANT TO CLARIFY ANOTHER COMMENT, I. I ALSO TAKE MY KIDS TO LEGACY WEST. I WOULD HAVE NO PROBLEM BRINGING THEM HERE. UH, I THINK IT WAS JUST THE TARGETING OF THE YOUNG, VERY YOUNG PROFESSIONAL, BUT I DON'T THINK THAT THAT'S NECESSARILY WHAT YOU'RE GONNA GET SITTING HERE IN PROSPER. I THINK WHAT YOU'RE GOING TO END UP GETTING ARE A LOT OF FAMILIES WHO I SEE. BRINGING THEIR CHILDREN TO LEGACY WEST AND, UH, GRAND SCAPE OVER IN THE COLONY AND ALL THAT STUFF RIGHT? THEY WOULDN'T HAVE TO DRIVE ALL THE WAY DOWN THE TOLLWAY TO GO TO THAT. THEY CAN GO TO SOMETHING RIGHT HERE. SO I THINK THAT'S WHAT YOU'RE ON. YOU'RE GONNA END UP GETTING OVER THE LONG TERM. PERSONALLY, UM SO EVERYTHING IN HERE I REALLY LIKE. I ACTUALLY LIKE THE IDEAS OF THE BONDS. PERSONALLY I YOU KNOW, IT'S KIND OF. I THINK I WOULD GIVE IT A SHOT. MAYBE UH, ONCE OR TWICE, AND, UH, I THINK THE ONLY THING THAT ISN'T UM I WOULD NEED TO HEAR MORE ABOUT HOTEL CARBON AND HOW IT WOULD BENEFIT. UH PROSPER RESIDENTS, UM UH AND THEN WE HAVE A LOT OF YOUNG ATHLETES THAT YOU KNOW, AND THAT PROSPER HIGH AND WHATNOT, BUT, UH, MAYBE A LITTLE BIT MORE ABOUT THAT. BUT OUTSIDE OF ALL THAT, UH, I. I WOULD NOT AGREE WITH, UH, REDUCING THE, UM , ORDINANCE, UH, FROM 850 TO 750 . I THINK IT NEEDS TO SAY AT 850. I THINK 8850 IS SMALL ENOUGH. I THINK YOU CAN DO JUST FINE, UH, RENTING THEM. I THINK THE RENT'S GONNA BE THE RENT AND I DON'T KNOW THAT EVEN IF YOU REDUCE IT TO 750 THAT THAT'S GONNA GET THE PRICE OR THE COST DOWN ENOUGH FOR A RETAIL EMPLOYEE. MAYBE THE OWNER POTENTIALLY, BUT FOR A RETAIL EMPLOYEE TO BE ABLE TO LIVE THERE CONSISTENTLY YEAR AFTER YEAR. I JUST I DON'T SEE IT HAPPENING. THE TOWN IS THE TOWN.

    THE COST IS THE COST HERE. UM I DON'T THINK THAT, UH, I DO WOULD LIKE TO SEE THE 500 UNIT CAP IN THE PD. UH, FOR SURE. BEFORE I COULD CONSIDER MOVING FORWARD ON ANYTHING. UH AND I WOULD ALSO LIKE TO SEE AN ADJUSTMENT IN TERMS OF HOW THE PHASES ROLL OUT . I WOULD LIKE TO SEE SOME RETAIL IN PHASE ONE FOR A COUPLE OF REASONS A BECAUSE I DO THINK THAT THE TOWN WOULD SUPPORT RETAIL. I DO THINK THAT EVEN WITHOUT THE MULTIFAMILY BUILT, YOU WOULD HAVE RESIDENTS IN THE TOWN THAT WOULD LOVE TO SUPPORT IT. ESPECIALLY RESTAURANTS. UH, TO YOUR POINT, UH, CITIZENS POINT I. I DO THINK THAT THEY WOULD CERTAINLY LOVE TO COME OUT TO A COUPLE RESTAURANTS. UM SO I'D LIKE TO SEE THAT SO THERE ARE A NUMBER OF THINGS I'D LIKE TO SEE ADJUSTED IN THE PLAN, AND I COULD CERTAINLY GET ON BOARD WITH IT. UM BUT AS IT STANDS, I, I, YOU KNOW I WOULD LIKE WOULD AGREE WITH, UH CHAIRMAN AND, UH, COMMISSIONER HAMILTON THAT WE WOULD PROBABLY NEED A WORKING SESSION TO KIND OF TALK THROUGH IT WITH COUNSEL. ALRIGHT, THANKS. COMMISSIONER HARRIS COMMISSIONER REEVES. YOU KNOW, MY FELLOW COMMISSIONERS HAVE SAID A LOT OF THE SAME SENTIMENTS THAT THAT I HAVE, UM, I. I DO LIKE THE WORK THAT YOU'VE DONE AND I REALLY APPRECIATE YOU BRINGING THIS PROJECT TO US. AND SO THANK YOU. UM, I DO THINK THERE IS STILL WORK TO BE DONE. UM AND I THINK THAT, UH AND LIKE, LIKE WE'VE SAID, UH, WE'RE WE'RE TRYING TO.

    WE'RE TRYING TO SAVE TIME. WE'RE NOT TRYING TO ADD MORE TIME. UM AND BUT BUT THERE IS THERE IS

    [01:50:02]

    WORK BECAUSE YOU KNOW, WE WANNA MAKE SURE THAT THAT THE PICTURES MAX MATCH THE WORDING. UM AND I KNOW Y'ALL WORKED. Y'ALL WORKED LONG AND HARD, BUT IT IT IT. IT TAKES US A LITTLE BIT TIME AS WELL. TO MAKE SURE BECAUSE WE'VE JUST NOW SEEN THESE PICTURES. UM, THESE WEREN'T IN OUR IN OUR PACKETS. UM AT LEAST THE PRESENTATION. YOU SHOWED US TONIGHT, AND THIS IS A DIFFERENT PRESENTATION. AND SO WE WANNA MAKE SURE THAT, UH, THAT EVERYTHING MATCHES UP AND YOU KNOW, THERE ARE THERE ARE SOME THINGS THAT AS WE SAW TONIGHT, 500 IS THE CAP THAT WASN'T IN OUR PACKET. UM, THAT'S JUST ONE EXAMPLE. THERE THERE ARE MULTIPLE. THERE ARE SOME OTHER THINGS IN THERE, THAT THAT THAT WE'VE SEEN, UM BUT, UH, I DO THINK THAT, UM UH, THE THINGS THAT YOU ARE BRINGING I. I THINK IT'S INNOVATIVE AND, UH, THE LAST THING THAT I WANNA MENTION, YOU KNOW, YOU THEY'LL START YOUR PRESENTATION WITH THE HISTORY OF PROSPER AND I APPRECIATE THAT.

    YOU'VE GOT SOME OF THE HISTORY IN THE IN THE ART AND THE, UM THE ART DISTRICT SIDE OF THINGS HERE IN THE IN THE CONCEPTUAL RENDERINGS. UM THE HISTORY OF PROSPER FOR ME IS EXTREMELY IMPORTANT. UM I'M I'M ONE OF THE LONGEST RESIDENTS ON THIS COMMISSION. I GUESS I AM THE LONGEST RESIDENT, UM, ON THIS COMMISSION, AND SO THE WHOLE FARMING RANCHING COMMUNITY, UM, PIECE OF IT IS IMPORTANT BECAUSE WE WANNA BE DIFFERENT THAN THE FRISCO. I MEAN, Y'ALL Y'ALL.

    Y'ALL SAID THAT MULTIPLE THAT WE'RE NOT. WE'RE NOT LEGACY WEST. WE'RE NOT THE STAR. WE PROSPER. AND WHAT SETS US APART. UM IS THE FARMING, RANCHING COMMUNITY ASPECT. AND UM, SO I THINK IF YOU CAN KEEP THAT, UM, THAT CONCEPT I ASKED ABOUT THE ART PIECES. YOU COULD PUT THAT IN IN SOME OF THOSE ART PIECES. UM, THAT'S A THAT'S AN IDEA OF HOW YOU COULD KEEP IT. THE SMALL TOWN. UM, THE SMALL TOWN FEEL WE'RE NOT. WE'RE NOT GONNA BE A SMALL TOWN ANYMORE, BUT, UM, BUT ANYWAY, THOSE ARE THOSE ARE MY THOUGHTS. AND UH AGAIN. I DO APPRECIATE APPRECIATE Y'ALL'S HARD WORK. THANK YOU. I APPRECIATE THAT COMMISSIONER REEVES THE INTERESTING THING THAT COMMISSIONER REEVES HAS IS NEXT MONTH. HE'S GONNA BE COUNCILMAN REEVES. SO HE'S GONNA HEAR THIS CASE TWICE. HE'S LIKELY GOING TO HEAR IT THROUGH PNZ. I THINK TONIGHT YOUR LAST PNZ. SO YOUR NEXT MEETING WILL BE CO AS COUNCILMAN. SO HE'S GONNA SEE THIS CASE BOTH WAYS.

    SO WHEN WE TALK ABOUT SOME THINGS GETTING TOGETHER WITH COUNSEL, YOU KNOW, THIS IS ONE GENTLEMAN THAT'S GONNA SEE IT BOTH TIMES. SO APPRECIATE THOSE COMMENTS. COMMISSIONER JACKSON YEAH. UM I WOULD SAY, VERY NICE PRESENTATION. PROBABLY ONE OF THE BEST THAT'S COME IN FRONT OF US AND I'VE BEEN ON THIS THIS, UH, COMMISSION FOR A PRETTY LONG TIME NOW. UM I ECHO ALL OF MY FELLOW COMMISSIONERS. UM I AM. I AM FOR, UM, DOING A WORK SESSION WITH THE, UH WITH THE COUNCIL BECAUSE IT AS WE'RE BUILDING OUT DNT AND WE GET INTO THESE FINAL PHASES OF LAND. I WANT TO MAKE SURE IT'S RIGHT. UM YOU HAVE FRISCO AND OVER 300,000 RESIDENTS YOU'RE GONNA HAVE TO LINE UP WITH OVER 500,000 RESIDENTS, AND THEY'RE ALREADY PACKING A TON OF APARTMENTS RIGHT AT OUR BORDER SO THEY CAN BE IN OUR SCHOOL SYSTEM. SO THEY HAVE MORE AND POTENTIALLY, WE'RE SITTING BACK TWO YEARS FROM NOW GETTING ANOTHER CHANGE TO A PD TO COME IN FRONT OF US BECAUSE SOMETHING DIDN'T WORK OUT PROPERLY. UM, I WOULD PREFER FOR IT TO BE THOUGHT OUT AND WE'RE ALL ALL ALIVE. SO THANK YOU. THANKS, COMMISSIONER JACKSON COMMISSIONER CARSON UM AS YOU CAN IMAGINE. I HAVE A FEW COMMENTS, BUT ALL POSITIVE. OF COURSE I WOULD SAY I AGREE. LOVE THIS. UM I THINK THIS IS A VERY WELL THOUGHT OUT. I PERSONALLY LIKE THE DENSITY. I THINK IT SHOWS PROGRESS AND PROSPER, WHICH I THINK IS A POSITIVE. UM I THINK WE'RE A SINGLE FAMILY HOME NEIGHBORHOOD AND WE HAVE SOME AFFLUENCE, WHICH IS GREAT, BUT WE NEED SOME DIVERSITY IN THAT. SO TO ME, THIS IS VERY POSITIVE. UM AND I ECHO WHAT THE GUYS SAID I WON'T REGURGITATE ALL OF IT. BUT, UM, I DON'T THINK WE'RE TRYING TO BE LEGACY LESS, WHICH I APPRECIATE LEGACY LESS. LIKE ONE OF MY FAVORITE SPOTS, SO I THINK THIS IS A GREAT TOUCH. UM OR WHAT THE WHAT THE TEAM SAID. I'M TIRED OF TAKING MY MONEY TO GRAND SCAPE AND MCKINNEY AND LEGACY AND HEAVEN FORBID CELINA. SO UM, YEAH, I'M A PROSPEROUS I DIDN'T WANT TO SPEAK. I WANT TO LEAVE MY MONEY HERE, SO I LOVE THIS. MY BIGGEST CONCERNS WILL BE THE PHASING. I THINK THE RETAIL IS, I THINK THIS BOTTOM SECTION IS CRITICAL TO SUCCESS OF THIS. UM I THINK THE CARBON IS PROBABLY THE COOLEST THING I'VE SEEN IN A LONG TIME. SO WELL. I LOVE THE VISION AND THE PASSION AND, UH, REALLY, REALLY COOL. I LIKE PERSONALLY BEING ON THE FRONT EDGE OF THAT, AND I LIKE PROSPER BEING A HEADLINE ON ESPN. I'M WHEREVER YOU KNOW. I THINK IT'S COOL. UM THOSE ARE ALL POSITIVES . UM I THINK ESPECIALLY THANK YOU TO THE RESIDENTS FOR COMING AND SPEAKING OUT, BELIEVE IT OR NOT, THAT DOESN'T HAPPEN VERY OFTEN. SO UH, WHETHER IT'S POSITIVE OR AGAINST. I THINK

    [01:55:03]

    IT'S GREAT. AND YOUR COMMENTS ARE VERY THOUGHTFUL. SO THANK YOU VERY MUCH FOR THAT. AND I APPRECIATE YOU GUYS REACHING OUT TO OUR RESIDENTS IN THE WAY THAT YOU CLEARLY DID THAT MADE AN IMPACT. THAT GOES A LOT WITH US. I JUST DON'T WANNA SPEAK FOR THE WHOLE COMMISSION. BUT, UM, TO HOW THOUGHTFUL THE IS. IT'S NOT JUST A PIECE OF LAND THAT'S GENERATING REVENUE TO YOU GUYS.

    THERE'S A LOT OF PASSION BEHIND THIS SO UM, I THINK THAT I'M A LITTLE CONCERNED STILL ON THE, UH, THE WATER AND THE DRAINAGE. I APPRECIATE YOUR COMMENTARY. I KNOW YOU'LL DO A GREAT JOB ANALYZING IT, BUT I DON'T WANNA LOSE A REALLY QUALITY PART OF THE DEVELOPMENT. UH DUE TO DUE TO A DRAINAGE ISSUE. I LOVE THAT IT YOU'RE, UH COURSE B SETS QUESTION WAS GREAT OF IS THAT FM OR IS THAT PROSPEROUS? SO I THINK THAT WAS A GOOD CLARIFICATION. UM TALKED ABOUT THE RETAIL LOVE THAT DEFINITELY A NEED. UM I WOULD LOVE TO SEE ON A MULTI PIECE. IT'S GONNA BE A FASCINATING CONCEPT, BUT AS WE TALK ABOUT IT IN THE WORK SESSIONS, BUT IS THERE A WAY TO MAYBE ON THE TOLLWAY SIDE AND MAKE THAT MORE OF A PODIUM WITH A LITTLE MORE RETAIL NEIGHBORHOOD SERVICES COMPONENT? I THINK THAT MIGHT HELP SOFTEN THE MULTI FEEL NOT TO COMPETE WITH YOUR IT'D BE COMPLIMENTARY. NOT COULD BE JUST AN IDEA, BUT I THINK THAT MIGHT HELP US FEEL A LITTLE MORE. FEEL A LITTLE BETTER. UM, I DON'T WANT TO PENALIZE. YOU KNOW? PERA OR PENALIZE YOU WITH WHAT WE LEARNED THROUGH PERDER. BUT UM, IT'S ALSO 1200 FT AWAY, AND I THINK IT SETS A PRECEDENT AND THERE'S SOME INTERESTING TRIGGERS IN THERE THAT I THINK WE WOULD WANNA INVESTIGATE WITH COUNSEL. HOW DO WE? HOW DO WE MAKE SURE MAYBE CARBON HAPPENS IN THE MULTI HAPPENS AND THEN THE REST DOESN'T FOR A WHILE OR SOMETHING. I THINK WE'D WANT TO TALK THROUGH SOME TRIGGERS THERE. UM AND I AGREE ON THE 500 UNIT CAP. IF WE'RE GONNA GET INTO MORE, MULTI, WHICH I THINK IS THOUGHTFUL AND RESPONSIBLE, BUT WE NEED TO DO IT. DO IT. UM, THE EFFICIENCY WORRIES ME A LITTLE. BUT I ACTUALLY APPRECIATE THE DESCRIPTION THAT YOU GUYS HAD, AND I THINK THAT'S ALL MY NOTES. I WOULD LOVE TO SEE IF WE COULD GET A COPY OF THE PRESENTATION FOR OUR, UH, EMAILED TO US. THAT'D BE HELPFUL. I THINK I THINK THAT'S IT. THANK YOU GUYS. VERY MUCH VERY, VERY GOOD JOB. THANK YOU, MR BLANCHE. SO BEING LAST I GET TO REPEAT EVERYTHING THAT'S BEEN SAID I THINK, YOU KNOW. UH NO. DITTO AND SO, UH, BUT I DO AGREE . I LOVE IT'S A CREATIVE PROJECT . LOVE YOUR CREATIVITY. THANK YOU FOR THAT, UM JUST TO BE ON THE EXACTLY WHERE I'M AT. I CAN'T VOTE FOR IT TONIGHT BECAUSE OF THE PHASING. I WANNA I, AS WE'VE SAID TONIGHT, I THEY WE DID I. I REALLY WANT TO LOOK AT DIFFERENT TRIGGERS OR PHASING OPTIONS. UH, BECAUSE I THINK THE PHASING IS PROPOSED, AND IT'S PART OF THIS PRESENTATION IS JUST IS NOT SATISFACTORY TO ME. I'M JUST IT LEAVES TOO MUCH OPEN . I KNOW YOU HAVE GREAT INTENTS TO DO OTHERWISE. BUT THAT'S YOU KNOW. THAT THAT CAN'T BE WHAT I VOTE ON. UH SO THAT'S AN ISSUE.

    UH AND THEN ALSO BE I. I AM CONCERNED ON THE, UH UH, THE FLOODPLAIN ISSUE. I MEAN, YOU YOU'VE DONE THE BEST ANSWER YOU CAN DO TONIGHT. BUT I, I WANNA GET A LITTLE MORE. COM COMFORTABLE THAT WHAT WE'RE SEEING HERE TONIGHT IS BASICALLY WHAT WE'RE GONNA GET. I KNOW IT'S NOT GOING TO BE THE SAME. BUT I JUST WHEN YOU LOOK AT WHERE THE FLOODPLAIN IS, IT'S IT. IT TAKES OUT ALMOST ALL THE RETAIL, UH, THAT'S DRAWN IN HERE , I AND SO THAT IS OF CONCERN TO ME WITH A I NEED A LITTLE MORE CLARIFICATION ON THAT. UH I WANNA VOTE FOR THIS. BUT THOSE TWO THINGS ARE ARE STILL OUT THERE. UH I'M NOT VOTING AGAINST IT. I WOULD BELIEVE THAT WE'D BE TABLING IT AND TO GIVE YOU TIME TO GET THOSE THAT KIND OF ANSWERS, UH, BUT I HOPE THAT WE CAN WORK THROUGH THAT AND LOVE THE PROJECT. I LOVE THE CREATIVITY. I LOVE THE, UH, THE DIFFERENCE. IT'S THE RIGHT THING FOR US. AND UH, SO JUST WITH THOSE THOSE THINGS, THAT'S WHERE I WOULD BE AT TONIGHT. ALL RIGHT. THANKS. COMMISSIONER. BLANSETT APPRECIATE IT AND APPRECIATE. UH, EVERY COMMISSIONER'S COMMENTS AND QUESTIONS. VERY GOOD QUESTIONS, NOT I GUESS WHEN I THINK ABOUT SOME OF THE SUMMARIZE IT PASSION, CREATIVITY, VISION.

    THAT'S KIND OF WHAT YOUR TEAM'S BROUGHT TONIGHT AND I REALLY APPRECIATE THAT IT COMES THROUGH BECAUSE YOU HAVE ALL YOUR TEAM HERE. WE DON'T SEE THAT ALL THE TIME, AND I KNOW YOU'RE COMMITTED TO IT, AND I REALLY APPRECIATE SEEING THE WHOLE TEAM. YOU KNOW WHEN WE HAVE CITIZENS COME UP, AND, UH, MR FLOYD CAME UP THIS EVENING AND TALKED ABOUT IT. THAT SPEAKS VOLUMES TO ME BECAUSE WE CAN HEAR CITIZENS KNOW IT. WE HEAR NO COMMENTS. WE HEAR NEGATIVE OR WE HEAR POSITIVE AND THAT SHE REACHED OUT TO THE LOCAL COMMUNITIES NEAR YOU. THAT IS HUGE. YOU DID IT THE RIGHT WAY. THAT'S WHAT NEEDS TO HAPPEN EVERY TIME IN THESE INSTANCES, AND I APPRECIATE Y'ALL DOING THAT. AND I APPRECIATE THOSE COMMENTS, MR FLOYD, BECAUSE WE'RE JUST CITIZENS, TOO. WE'RE NOT PAID AS YOU KNOW, AND, UH, SO THIS IS OUR COMMUNITY. AND SO WHAT? I LIKE ABOUT IT. I LIKE IT. I WISH THAT WAS BUILT RIGHT NOW. I WISHED IT LOOKED JUST LIKE THAT RIGHT NOW. THE PROBLEM WITH WHERE WE'RE SETTING OR THE CHALLENGE WITH WHERE WE'RE SETTING. WE'RE JUST GETTING ZONING IN PLACE TODAY ON THE HOPES THAT IN FIVE TO HOW MANY

    [02:00:01]

    EVERY YEAR IS ALL THIS COMES TO FRUITION. I THINK WHAT COMMISSIONER BLANSETT SAID IN SOME OTHER COMMISSIONERS AS WELL. THE TIMING OR THE TRIGGERS. YOU KNOW, I THINK IF WE COULD SEE, YOU KNOW I LOVE IT . I LOVE THE NEW VISION OF THE NEW HOTELS. THE MODERN LOOK, I LOVE THE HISTORICAL LOOK. I MEAN , YOU CAN HAVE A COMBINATION OF BOTH. BUT IF WE COULD SOMEHOW GET THE RETAIL A LITTLE QUICKER IN ALIGNMENT WITH THE FIRST PHASE. YOU KNOW, AT LEAST THE SOUTH PART OF THIS RETAIL AND WE WORK THROUGH THE FLOOD PLAIN ISSUES. I THINK IF YOU BUILD IT, I THINK THERE'S A MOVIE. IF YOU BUILD IT, THEY WILL COME FILL THE DREAMS. AND I THINK IF YOU BUILD IT, THEY WILL COME. PEOPLE WILL COME NOT JUST FROM THAT MULTI FAMILY COMMUNITY BUT FROM EVERYWHERE FROM FOUR MILES TO THE EAST OF HERE FOUR MILES TO THE WEST, FOUR MILES TO THE NORTH, BECAUSE THE TOLLWAY IS JUST GONNA BE A HUB. IF YOU HAVE 500,000 PEOPLE IN SOLANA, THEY'RE GONNA WANNA STOP SOMEWHERE. AND IF THIS IS WHAT THIS LOOKS LIKE YOU'RE GONNA IT'S BE. IT'S GONNA BE HUGE. AND SO I REALLY, REALLY LIKE IT AND I WISH WE COULD BUILD IT. I WISH IT WAS THERE TOMORROW. SO I APPRECIATE YOUR TIME. I APPRECIATE THE WORK APPRECIATE THE WORK OF STAFF. I FEEL LIKE AS WE GO THROUGH THESE MORE COMPLICATED CASES, WE GET A LITTLE BETTER EVERY TIME WE GET MORE DETAIL, AND WE LEARN MORE. AND SO I REALLY APPRECIATE THAT.

    SO I TAKE IT BACK TO THE COMMISSION. WE CAN MAKE A MOTION THIS EVENING FOR APPROVAL. WE CAN MAKE THE MOTION FOR DENIAL. THERE ALSO COULD BE A MOTION TO TABLE IT, AND THERE HAS BEEN SOME TALK THERE BECAUSE WE KNOW THAT THIS PROBABLY LIKELY WON'T GO TO COUNCIL UNTIL THE 28TH OF MAY. MOST LIKELY SO THAT GIVES US A LITTLE TIME. SO MY QUESTION FOR STAFF IS IF THE MOTION WAS TO TABLE THIS EVENING. WHAT WOULD BE APPROPRIATE DATE TO TABLE AT TWO IF YOU CONSIDERING WE COULD GET A GENERAL WORK SESSION WITH COUNSEL WOULD WOULD WE WANT? WE PROBABLY WANT TO TABLE IT PAST OUR NEXT MEETING ON MAY THE SEVENTH WOULD THAT BE FAIR, OR DO WE TABLE IT? AND THEN WE CAN RET. ADAMS AGAIN IF THAT'S THE MOTION. YOU CAN ACTUALLY BECAUSE WE'RE NOT CONTINUING THE PUBLIC HEARING. YOU'VE ALREADY HAD THAT. AND THAT'S USUALLY, UM, I. I THINK GENERALLY ABOUT THE ONLY TIME THAT I CAN THINK OF THAT YOU HAVE TO SET A DATE CERTAIN SO THAT WAY WE DON'T HAVE TO ADVERTISE THE PUBLIC HEARING AGAIN. BUT YOU CAN JUST TABLE IT AND THEN WE'LL PULL IT OFF. Y'ALL WILL PULL IT OFF THE TABLE WHEN IT GETS BACK ON YOUR AGENDA , AND WE'LL SEE THAT WAY. WE CAN SEE HOW FAST WE CAN GET UP A ASSUMING Y'ALL IT'S GONNA BE PART OF WHAT YOU RECOMMEND. UM A JOINT MEETING WITH THE COUNCIL AND I'M NOT REALLY GONNA KNOW WHAT THOSE OPTIONS ARE UNTIL TOMORROW. I CAN'T TELL YOU SO IF WE JUST TABLE IT, THEN WE'LL SEE WHAT IT IS. WE'LL CHECK YOUR SCHEDULES AND MAKE SURE IT'S SOMETHING THAT Y'ALL AND ALL OF THEM CAN CAN MEET. AND THEN WE'LL HAVE THE WORKSHOP AND THEN THE NEXT AVAILABLE MEETING FOR Y'ALL. WE'LL PULL IT BACK OFF AND YOU WILL MEET IF IT DOESN'T GO TO THE COUNCIL TILL THE 28TH YOU'LL HAVE TWO CRACKS AT IT. SEVENTH AND THE 21ST, I GUESS, AND SO I THINK, LOGISTICALLY. I THINK IT CAN WORK. BUT IT ALL HINGES ON WHEN THAT WORKSHOP MEETING WOULD BE, AND I JUST I.

    I CAN'T GIVE YOU A FEEL FOR THAT. SO WE HAVE THE MOTION THIS EVENING. IF THAT WAS THE MOTION, AND IF THAT MOTION APPROVED WAS, YOU WOULD JUST SAY TO MAKE THAT MOTION TO TABLE THE ITEM AND THEN YOU'LL WORK BEHIND THE SCENES TO GET IT BACK ON OUR AGENDA AT THE APPROPRIATE TIME, WHETHER IT'S THE NEXT MEETING OR THE FOLLOWING AFTER THAT. AND YOU CAN ALWAYS IF YOU FEEL MORE COMFORTABLE DOING IT. YOU CAN ALWAYS, UM, TABLE IT TO THE SEVENTH. UH AND THEN, IF FOR SOME REASON, WE CAN'T MEET THE SEVENTH THEN YOU CAN, YOU KNOW, ALWAYS TABLE IT AGAIN TILL THE, UM 21ST. SO WHATEVER WHATEVER YOU FEEL MORE COMFORTABLE WITH EITHER WAY WORKS FINE FOR US.

    I'M MAKING THIS. IF THAT'S THE MOTION, THERE MAY BE A DIFFERENT MOTION. SO IT'S NOT TABLE AND CONTINUE THE PUBLIC HEARING AT THIS POINT. YOU'VE ALREADY CLOSED THE PUBLIC. DIDN'T YOU? CLOSE IT? I DID IT. YOU SEE, WE ALWAYS DO THIS. WE ALWAYS CLOSE THE PUBLIC HEARING BECAUSE WE DON'T KNOW. WELL, IT IT IT A COUPLE OF TIMES. UM, SINCE I'VE BEEN HERE, WE WE'VE ACTUALLY CONTINUED THE PUBLIC HEARING. WE'VE DONE THAT A COUPLE OF TIMES AT COUNSEL TO, BUT THAT USUALLY IS A DATE SPECIFIC. YOU KNOW, WE ARE TABLING IT UNTIL OR CONTINUING WHAT YOU USUALLY SAY, IS CONTINUING THE PUBLIC HEARING UNTIL IN THIS CASE, IT WOULD BE MAY 7TH, UM AND THAT WAY IT JUST STAYS OPEN, AND IT JUST SAVES THE NOTICING NOT THAT IT IT'S A HASSLE TO NOTICE, BUT IT'S JUST MORE DIFFICULT WHEN YOU START THE NOTICING PROCESS ALL OVER AGAIN. THEN YOU LOSE TIME AND YOU HAVE TO WAIT EITHER THE 10 DAYS OR 15 DAYS OR, UM, WHATEVER THE ITEM IS AND WHATEVER THE BODY IS THAT IT'S GOING TO, SO IT'S EASIER TO CONTINUE IT IF IT'S STILL OPEN, BUT SINCE IT'S NOT OPEN, YOU DON'T HAVE TO WORRY ABOUT THAT. AND IT WILL BE A NEW PUBLIC HEARING OUT UNTIL WHENEVER THE NEXT. IT'LL JUST BE A NEW PUBLIC MEETING, BUT IT WON'T BE A PUBLIC HEARING.

    [02:05:01]

    REALLY OK? CAUSE YOU'VE ALREADY HAD IT OPENED. IT CLOSED IT SO YOU'RE DONE WITH THE PUBLIC HEARING. THE ONLY OTHER THING FROM A PROCESS STANDPOINT, I THINK FOR THESE BIGGER CASES, UH, IN MY OPINION, UH, I THINK WE NEED TO HAVE TOWN LEGAL REPRESENTATION AT THESE CASES AS WELL. FOR THESE BIGGER PUBLIC HEARING ITEMS LIKE TONIGHT. I'M SORRY FOR WHO FOR THE LARGER PUBLIC HEARING OF THE ATTORNEYS A LITTLE MORE. I'M SORRY, 10. OK AND SO I WOULD SAY ENCOURAGE IT FOR OUR NEXT MEETINGS AHEAD AND WORK SESSIONS AS WELL. SO WITH THAT, THOUGH I'LL TAKE IT BACK TO THE COMMISSIONER FOR A, UH, COMMISSIONERS FOR A MOTION AND WE'LL SEE WHERE IT GOES. OUR MOTION TO TABLE IT TO MAKE. WOULD THAT BE? MAY 7TH IS THAT WHAT IS THAT WHAT WE ARE JUST TAPE OR JUST TO TABLE IT TO MAY 7TH. OK I'LL SECOND THAT ALL RIGHT. SO WE HAVE A MOTION FROM COMMISSIONER REEVES TO TABLE REGULAR AGENDA ITEM NUMBER FOUR TO THE TUESDAY MAY 7TH, UH, PLANNING AND ZONING COMMISSION MEETING. WE HAVE A SECOND TO THAT MOTION FROM COMMISSIONER HAMILTON. ALL THOSE IN FAVOR OF APPROVING THAT MOTION. PLEASE RAISE YOUR HAND. I COUNT SEVEN HANDS. THE MOTION CARRIES 7 TO 0. THIS ITEM WILL BE TABLED TO THE MAY 7TH MEETING. THANK YOU.

    APPRECIATE IT. APPRECIATE YOUR TIME. THANK YOU ALL. AND TO THE TO THE TOWN STAFF. GREAT JOB WITH THIS PRESENTATION. THIS WAS ONE OF THE BEST. SO THANK YOU. 10. YEAH. ALL RIGHT. AGENDA ITEM

    [5. Review actions taken by the Town Council and possibly direct Town Staff to schedule topic(s) for discussion at a future meeting.]

    NUMBER FIVE THIS EVENING REVIEW ACTIONS TAKEN BY THE TOWN COUNCIL AND POSSIBLY DIRECT TOWN STAFF TO SCHEDULE TOPICS FOR DISCUSSION AT A FUTURE MEETING. OK? SO AT THE LAST TOWN COUNCIL MEETING ON TUESDAY, APRIL 16TH ON THE CONSENT AGENDA. THE WONDER AND CREEK DEVELOPMENT AGREEMENT WAS APPROVED, UH, FOR THE PUBLIC HEARING THAT DOWNTOWN MIXED USE, PD WAS APPROVED. UM, HOWEVER, THAT SCHOOLHOUSE SUP, UM, THAT WAS CONVERTING THE RESIDENTIAL HOME INTO THE CHILDCARE CENTER WAS DENIED. UM AND FOR UPCOMING TOWN COUNCIL ITEMS ON TUESDAY, APRIL 30TH.

    IT'S JUST CONSENT AGENDA ITEMS. UH THE HEB SITE AND FACADE PLANTS ARE ON YOUR AGENDA TODAY ARE GONNA GO UM THE GATES ARE PROSPER. PHASE TWO FACADE PLAN HAS TO BE APPROVED BY TOWN COUNCIL. THAT'LL BE ON THE AGENDA. UM, AND THEN THE DOWNTOWN MIXED USE PD ORDINANCE, UH, WILL BE ON THE CONSENT AGENDA FOR TOWN COUNCIL NEXT MEETING. WHAT WAS THE DENIAL ON SCHOOL HOUSE? UM, I THINK THERE WERE CONCERNS ABOUT THE RESIDENTIAL ADJACENCY AND KIND OF THE ANIMALS. UM THAT'S KIND OF THE DISCUSSION THAT I HEARD WHEN I LISTENED BACK TO THE MEETING WAS JUST THERE IS A LITTLE BIT OF CONCERN ABOUT THAT. UM, FOR UPCOMING PNZ ITEMS . UM WE ARE CANCELING THE WORK TO HELP EVERYONE GOT THAT. EMAIL UM, BECAUSE WE'RE HAVING A LITTLE RECEPTION THERE. UH, HONOR SOME PEOPLE, UH, FOR EITHER INCOMING COUNCIL MEMBERS OR OUTGOING COUNCIL MEMBERS. I DON'T KNOW THAT THAT'S AN IMPORTANT ENOUGH REASON FOR US TO WE'RE NOT GOING TO SHOW UP THAT DAY. WHY? WHY DO WE HONOR QUITTERS CONSIDER GENDER STILL BEING WORKED OUT AND THEN FOR THE PUBLIC HEARING, UH, SUZANNE ARE DRAWN. CORRECT ME IF I'M WRONG, BUT THERE'S NOTHING THAT I KNOW THAT'S BEING NOTICED, UM, UPCOMING, SO I DON'T THINK THERE'S ANY ZONING CASES. MAYBE. BESIDES THIS ONE THAT'LL BE ON THE AGENDA. UM AND LASTLY, I'M SURE YOU GUYS HAVE SEEN A NEW FACE THERE. UM WE HAVE A NEW STAFF MEMBER, TREY. HE WAS OUR NEW PLANNING TECHNICIAN. UM SO THIS IS HIS FIRST MEETING HERE. SO WE WANNA WELCOME HIM. UM AND ALSO SALUTE UH, COMMISSIONER REEVES AS HE LEAVES US, SADLY, BUT WE KNOW WHO DO GREAT FOR TOWN COUNCIL. SO THAT'S ALL THAT WE'VE GOT FOR TONIGHT. AND, UM IT. THANK YOU. WELCOME TO THE TEAM. YEAH. WELCOME. YEAH. WELL, PRE PRE APPRECIATE EVERYONE'S WORK, AND, UH YEAH. COMMISSIONER REEVES WISH YOU THE BEST. YOU KNOW, UH, I GUESS WE KIND OF WORK FOR YOU STARTING NEXT MONTH, SO YOU GOT THE FIRST SHOW DO IS RAISE THE PAY. POINT IT RAISE THE PAY FOR LET DOWN WE'VE ENJOYED. WE'VE REALLY ENJOYED YOUR INSIGHT YOUR HISTORY WITH THE TOWN OF PROSPER YOUR WORK ON THIS COMMISSION PARKS BEFORE THIS, AND, UH, YOU'RE GONNA DO GREAT AS A COUNCILMAN, AND WE LOOK FORWARD TO HEAR THAT ROLE. I APPRECIATE ALL OF Y'ALL AND IT'S BEEN IT'S BEEN IT'S BEEN, UH, A LOT OF FUN AND, UM I'VE I'VE LEARNED A LOT FROM FROM EVERY ONE OF YOU AND I APPRECIATE ALL OF Y'ALL'S INSIGHT AND UM, WORKING WITH ALL OF Y'ALL. SO THANK YOU. DON'T FORGET ABOUT US. IT'S DEFINITELY . ALL RIGHT. WELL THANKS, EVERYONE, I GUESS. ITEM NUMBER SIX THIS EVENING IS A JOURNAL ENTERTAIN A MOTION TO ADJOURN A MOTION TO ADJOURN. ALL RIGHT, WE GOT A MOTION ON THE 2ND 2ND FROM COMMISSIONER HARRIS ALL THOSE IN FAVOR TO ADJOURN. MOTION CARRY 7 TO 0. WE ARE ADJOURNED. THE

    * This transcript was compiled from uncorrected Closed Captioning.