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Lifelong Learning and Sustainable Development Hampshire College and Beacon Communities Development LLC
Hampshire College – Self Zoned
Purpose for Building a Residential Community • Source of revenue – build endowment to support academic program • Compatible with College’s mission • Build critical mass to aid success of Atkins Corner Village Center • Become model for sustainable community living within a college setting – lifelong learning, sustainable living environment, sense of community
The Preliminary Planning Process • Conduct feasibility study to test concept – market survey, program identification, site location, revenue opportunities • Preliminary design development – second market study, design various unit types to test site capacity, create development budget • Evaluate risks and rewards of development options • Developer selection process – RFQ’s, RFP’s Beacon Communities – the right partner • Board of Trustees Approval – Points of “Go / No Go” required at each phase of project planning
Hampshire College and the Development Site
Veridian Village at Hampshire College • An innovative development project that will create a community of lifelong learning and cultural enrichment in Amherst • A partnership between Beacon Communities LLC and Hampshire College • A vital component of Hampshire’s Sustainable Campus Plan • Illustrative of Hampshire’s long-range commitment to promoting intergenerational learning for students and alumni • Maintains sustainable development and pursues a community of shared values
Program • • Project Area: 50. 6 acres, of which 36. 6 will be ground leased Development Footprint: 18. 5 acres Conservation Restriction: 32. 4 acres Unit Count: 129 units – 72 flats in three 4 -story elevator buildings – 57 townhomes in duplex and triplex configurations. • Unit Sizes: The flats will range from approximately 1, 100 SF to 1, 500 SF. The townhomes will be approximately 2, 000 SF. • Commons Building: 5, 000 SF, located on a central green, adjacent to the community gardens. • Green Design: Silver rating on National Association of Home Builders (NAHB) Model Green Home Building Guidelines.