Ardmore Towne Center Presented by: Carl Dranoff, Founder and CEO of Dranoff Properties Jerry Roller, President of JK Roller Architects Larry Segal, Founder of Impact Pennsylvania Strategies, LLC November 28, 2007
Dranoff Vision • To create unparalleled residential destinations • To set industry benchmarks • To create timeless places • To revitalize and redefine our urban environment 2
The Dranoff Story
Locust on the Park 4
The Left Bank Before After 5
The Left Bank Retail 6
The Victor 7
The Victor Before After 8
The Victor Retail 9
Future Plans for Camden 10
East Village 11
World Café Live 12
Symphony House 13
Symphony House 14
Symphony House Retail 15
Venice Lofts 16
777 South Broad 17
Vision for Ardmore
Vision for Ardmore Create a Main Street that incorporates new boutique shopping and restaurants with existing retail 19
Vision for Ardmore • Bring new residents from Cricket Avenue to Main Street and Lancaster Avenue 20
Vision for Ardmore Revitalize the train station, incorporating public space and a clock tower 21
Vision for Ardmore Link Ardmore to Suburban Square with a pedestrian bridge over train tracks 22
Current View of Ardmore 23
Future View of Ardmore 24
Ardmore Towne Center
Existing Site Layout 26
Total Parking Spaces: 1, 107 27
Total Residential Units: 288 28
Total Retail Space: 53, 710 sq. ft. 29
Retail Streetscape 30
Transportation Improvements • Improved bus stop – Convenient pick up and drop off – Ample parking and waiting space • New train station – – – Sized at SEPTA/Amtrak requirements New ticket booth Protected waiting area Improved train platform New pedestrian access 31
Pedestrian Bridge Entrance 32
Pedestrian Circulation 33
Pedestrian Bridge to Suburban Square 34
New Traffic Patterns • Reduced Lancaster Avenue congestion – New Main Street to provide additional traffic artery for east and west bound traffic – New Main Street to provide new access to Anderson Avenue underpass • Better vehicular circulation – Cricket Avenue north of Lancaster Avenue become one-way northbound – Counter clockwise flow past train station – Provide “kiss and ride” lane access 35
Vehicular Circulation 36
Existing Plan 37
Phase I 38
Phase II 39
Phase III 40
Phase IV 41
Train Station Diagram 42
Cricket Avenue Building Diagram 43
Completed Plan 44
Future View of Ardmore 45
Public/Private Funding Categories • Transit Center • Bernicker Lot • Green Spaces • Site Improvements • Environmental • LEED 46
Plan Summary • Ardmore becomes an inviting new destination – bringing generous parking, residential and retail uses that complement the size of the historic town • Creates a tree-lined “Main Street” and public open spaces for a better pedestrian experience • The new Main Street becomes a “stepping stone” that links the existing Lancaster Avenue businesses to Suburban Square 47
Plan Summary • Phased to minimize disruption to commuters, shoppers and pedestrians • Can begin immediately because the plan requires no special easements, property rights or acquisitions • The project can be started within 12 months of contracts 48
Reasons why Lower Merion should select Dranoff Properties: • The leading multi-family developer in the region • Experience in complex mixed-use projects • A respected name producing award-winning projects • Experience with public and non-profit agencies • Experience with government-funded and collaborative ventures • Financial capability • The plan may change, but the developer won’t 49
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