By: Daniel Alpers | Vizzda.com
Impact Church
purchased the entire 11.21 net acre site for $8.5m or $17.41 per square foot
with $5.651m down and $2.849m new debt with Volkswagon Group. Impact concurrently
sold a 4.59 new acre portion of the site to Sunrise Companies for $5.6m ($28
per square foot), $915m down, and $4.685m new debt with National Mortgage and
Land Company. Impact retained 6.62 net acres of the site.
Plans call for Impact to build a 69,500 square foot church being 36’ tall, 56,550 square feet of open space (19.27%), measuring 0.25 in floor area ratio, and 418 parking spaces.
The multi-family component will provide 311 units in 228,332 square feet of livable space. The units mix will be comprised of 31 studio, 175 single-bedroom and 105 two-bedroom. The project will provide 480 parking spaces in a six-story, 65 foot tall parking garage. There will also be 80,490 square feet of open space, covering 40.25% of the 4.59 net acres of land, for a density of 67.8 dwelling units per acre.
Plans call for Impact to build a 69,500 square foot church being 36’ tall, 56,550 square feet of open space (19.27%), measuring 0.25 in floor area ratio, and 418 parking spaces.
The multi-family component will provide 311 units in 228,332 square feet of livable space. The units mix will be comprised of 31 studio, 175 single-bedroom and 105 two-bedroom. The project will provide 480 parking spaces in a six-story, 65 foot tall parking garage. There will also be 80,490 square feet of open space, covering 40.25% of the 4.59 net acres of land, for a density of 67.8 dwelling units per acre.
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