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AG 2017 10 16
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AG 2017 10 16
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Last modified
10/18/2017 10:51:44 AM
Creation date
11/27/2017 10:31:03 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
10/16/2017
Board
Board of Commissioners
Meeting Type
Regular
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The Silverman Group - Concord Airport Business Park Phase 3 <br /> SL 1000 Derita Road LLC <br /> Building 1: Grant Modification Requested <br /> • 1000 Derita Road <br /> • 500,798 SF <br /> • Under construction <br /> • Completion December 2017 <br /> • $13M total investment ($7M for original 300,000 SF and $6M for expansion) <br /> Building 2: Grant Consideration Requested <br /> • 1040 Derita Road <br /> • 252,646 SF <br /> • Commence Q2 2018 <br /> • Complete Q4 2018 <br /> • $8M total investment <br /> Building 3: Building currently under construction, not eligible for grant consideration <br /> • 1020 Derita Road <br /> • 299,638 SF <br /> • Under construction <br /> • 100,000 SF for Classic Graphics; upfit completed Dec. 2017; $1.5M upfit <br /> • Complete balance of shell 2/18 <br /> • $11M total investment <br /> Building 4: Grant Consideration Requested <br /> • 980 Derita Road <br /> • 451,074 SF <br /> • Commence Q3 2017 <br /> • Complete Q2 2018 <br /> • $14M total investment <br /> Notes: <br /> Original grant for building 1 (approved March 2016) was for 300,000+/- SF building and $17M <br /> investment <br /> Silverman Group invested $10M in entire sitework; this was included in estimated $17M investment <br /> Total SF of park at full buildout: 1,504,156 SF <br /> Estimated Total Investment of park at full buildout(4 buildings):$46M and $10M in sitework <br /> G-2 Page 263 <br />
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