500 s broad questions - pidc · gilbane development company michael apt [email protected] gold...
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500 S. Broad Developer Solicitation RFQQuestions & Answers
• Is there a ballpark starting figure the City expects for the sales price for this building?o No. The City expects that a final price will reflect Fair Market Value for the site based on
the selected program, as determined by the average of two appraisals. Respondents areexpected to submit an offer price and terms based on the conceptual developmentprogram, but should understand that the final sales price will be based on the appraisals.
• The campaign disclosure forms (Pursuant to Philadelphia Chapter 17-1400) attached to theoriginal RFQ identify $2,600 as the limit over which we must disclose, and which trigger certainprovisions. I was under the impression that the limit (pursuant to Philadelphia Chapter 17-1404)had been adjusted with the CPI multiplier, and was now $3,000.
o The RFQ has been amended to include the most recent campaign disclosure forms. Thelimit for individual contributions is anything over $2,900. An email correcting themistake was distributed to all who have downloaded the RFQ.
• Would you be able to share the developer packages from past winners so that we can get anidea of the scope of work for the proposal?
o PIDC will not share previous proposals to developer solicitation RFQ/RFPs. All proposalsin response to this RFQ should include the requirements as outlined in Section V.
• Is there an estimated value of construction cost for this project?o No. The construction cost for the project will ultimately be determined by the developer,
based on the proposed use.
• Does PIDC require developers to use only union labor? Does it vary from project to project?o No. The sellers are not permitted by law to require union labor.
• We toured the building unofficially and we are not going to be able to make the mandatorymeeting. Is there any way we can get a waiver on attending the meeting and still be able toparticipate in the RFQ?
o No. All teams interested in submitting a proposal must include at least one firm orindividual that attended the mandatory site tour.
• We were unable to attend the site tour and meeting. Can we arrange a site tour?o No. The mandatory site tour was the only opportunity to tour the building.
• We are interested in acquiring the attendees list for the mandatory pre-bid meeting on August16th.
o Please see the attached list with the names and email addresses for those who attendedthe mandatory site tour.
• The RFQ asks for “audited financial statements.” Members of our team do not produce auditedstatements as a matter of course. Can we provide statements certified by our owner and CFO?
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o Financial statements certified by your owner and CFO are acceptable. However, pleaseinclude a cover page stating that the company does not obtain audited statements and adetailed explanation as to how the statements are prepared.
• What is PIDC’s ability to find attractive financing and grant opportunities for a project with asignificant commercial / office component?
o Please refer to our website: http://www.pidcphila.com/financingo Please note that PIDC and the City of Philadelphia strongly encourage respondents to
fund their projects using customary sources of private debt and equity.
• Do you have any existing drawings showing the subway station?o Please see the attached mezzanine and platform level plans.
• Are there any existing elevations, sections, or floor plan drawings available?o The City does not have any available drawings for the site.
• Is there a current survey?o The Survey District has prepared a survey plan of consolidation. Please see the attached.o A local company, Philly by Drone, has taken aerial images of the site at no cost to the
City. These images can be viewed here: http://phillybydrone.com/500-510-broad
• What is the Right-of-way status of Naudain Street? Does it provide access to the site?o Naudain Street is not a public street and may not be used to provide access to the site.
Please see the attached.
• Does Rodman Street exist as an easement or Right-of-way on the 500 S Broad parcel?o Rodman Street is not a public street and may not be used to provide access to the site.
Please see the attached.
• Are there any other surface easements or constraints restricting the property?o Neither the City, nor PAID, is aware of any private access easement rights to benefit 500-
510 S. Broad Street.
• Are there any subsurface easements?o City records are incomplete. Proposers should conduct their own due diligence.
• Are there any environmental or geotechnical studies available for review?o No. The City does not have any environmental or geotechnical studies for the Property.
• Will PIDC/PAID/City of Phila deliver a clean empty site?o The City of Philadelphia will deliver the building clear of tenants, occupants and
furniture.
• Will PIDC/PAID/City of Phila deliver the medical building completely vacant, inclusive of medicalsupplies/waste?
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o Yes. The City of Philadelphia will deliver a vacant building, including medical suppliesand waste.
• Are there steam utilities that could service the site?o City records are incomplete. Proposers should conduct their own due diligence.
• What is the status of the application for historic registry of the existing structure?o The Philadelphia Historical Commission will consider a nomination to designate the
property at 500-10 S. Broad Street as historic at two public meetings. The advisoryCommittee on Historic Designation met on Wednesday, September 13th and hasrecommended the building for inclusion on the Philadelphia Register of HistoricPlaces. The Historical Commission will then review the nomination and its committee’srecommendation at 9:00 AM on Friday, October 13th. The meetings are open to thepublic and will provide the owner, as well as the public, with opportunities to participatein the Historical Commission’s discussions about the historical significance of theproperty.
o If designated, any building permits and other proposals for exterior alternations will bereviewed by the Historical Commission to ensure compliance with historic preservationstandards. The Historical Commission also reviews all demolition proposals fordesignated properties.
• Please confirm that the subway egress portal at the NE corner of the site is to remainoperational in the final condition.
o Yes, the egress portal should remain operational. Any improvements should not removeor shutdown an egress portal.
• Are there any zoning overlays that affect the development standards for the site?o Yes. Per the RFQ, the Property is zoned CMX-4 (Center City Commercial Mixed Use) and
subject to seven associated overlays, all within the Center City Overlay District: CenterCity Commercial Area; Broad Street Area Central; Broad Street Area South; ParkingGarage Ground Floor Use Control Area; Residential District Control Area; Center CityCommercial District Control Area; and Residential Parking Control Area.
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Appendix A: Mandatory Site Tour Attendees
500 S. Broad Street RFQ
Mandatory Tour Attendees
Company Contact - Name Contact - Email Address
Astoban Development Bruno Pouget Bruno Pouget <[email protected]>
Badger Group Paul Badger Paul Badger <[email protected]>
BFW Group, LLC Dayanna Cardenas Dayanna Cardenas <[email protected]>
BLTa Nate Sunderhuas Nate Sunderhaus, RA <[email protected]>
Buccini Pollin Group Boris Kaplan [email protected]
Dranoff Properties/Cecil Baker & Associates Julia Gustadt Julia Gutstadt <[email protected]>
Duane Morris Brad Molotsky Molotsky, Brad A. <[email protected]>
Eddie R. Battle Associates Eddie Battle [email protected]
Federation Housing Shosana Bannett Shoshana Bannett <[email protected]>
Gilbane Development Company Michael Apt [email protected]
Gold Oller Management/E-Z-Park Jeffrey Goldstein Jeffrey P. Goldstein <[email protected]>
Goldenberg Group Seth Shapiro Seth Shapiro <[email protected]>
HAKS P. Hoffmann [email protected]
Haverford Properties Miles Hamilton Miles Hamilton <[email protected]>
Hunter Roberts Steven Markley Steven Markley- Email Address Not Provided
Industrial Commercial Cleaning Group, Inc. Hanford Jones [email protected]
J. Roller Development, LLC Jacob Roller Jacob Roller <[email protected]>
Kairos Real Estate Partners Stephen Gleason Stephen Gleason <[email protected]>
LCOR/JV Acquisition Peter DiLullo [email protected]
Linden Lane Capital Partners Michael Wachs Michael Wachs <[email protected]>
MIS Capital, LLC David Colman David Colman <[email protected]>
PMC Property Group Keith Braccia Keith Braccia <[email protected]>
Radnor Property Group Tim Gigliotti Tim Gigliotti <[email protected]>
Scannapieco DC/Princeton Global Capital Fund Michael Scannapieco Michael Scannapieco <[email protected]>
SITIO, LLC Antonia Fiol-Silva [email protected]
Tower Investments Tina Roberts [email protected]
UNITE HERE Local 274 Dermot Delude-Dix Dermot Delude-Dix <[email protected]>
Winn Development/Domus Stephen Gilbert Gilbert, Stephen <[email protected]>
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Appendix B: Subway Mezzanine Level Drawing
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Appendix C: Subway Platform Level Drawing
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Appendix D: Proposed Plan of Consolidation
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Appendix E: Additional Site Information
500 S BROAD
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Naudain St. stricken and vacated reserved as a drainage,water, gas right of way
Rodman St Not on City Plan
SOUTH
BR
OA
D
15T
H
LOMBARD
NAUDAIN
RODMAN
CA
RL
ISL
E
SOUTH
SOUTH
15
TH
RODMAN
BR
OA
D
15T
H15
TH
BR
OA
D
SOUTH
BR
OA
D
NAUDAIN
BR
OA
D
BR
OA
D
LOMBARD15
TH
15
TH
LOMBARD
BR
OA
D
LOMBARD
RODMAN
400
512
521
1500
14261426
527
515
509
525
1500
419
1500
420
1507
421
418
1410
1442
600
1438
425
423
509
520
513
511
526
530
532
419
1414
522
503
534
418
507
420
422
424
426
423
15031507
1501
1503
528
500
14451449
1447
14391443
1441
1506
1437
1506
1504
140914111413
1422
1508
1510
1416 14121414
14261434 1424
143014361436 14321440
1428
1415
1507
425
1418
1446
1420
427
1436
1430
14481432
1442
1434
1431
1417
1428
1433
1511
1426
421
1424
14111405
1409
1414
1407
1415
1418
1422
1413
1417
1416
1420
14101412
1418
1508 1506
1507 15051408
1507
1406 1402
1509
1404
1511
14101412
1505
1408
507
1508
1443
415
1505
1362
416
1508
1512
1358
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Non Permittable Streets
OneWayStreets
ONEWAY
B
FT
TF
HWY Condition Index
ESTIMATED_CURRENT_CONDITION
Excellent - 85-100
Very Good - 70-85
Good - 55-70
Fair - 40-55
Poor - 25-40
Very Poor - 10-25
Failed - 0-10
Water
Image
RGB
Red: Band_1
Green: Band_2
Blue: Band_3
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