The Heights Linden Square took home two Crystal Merit awards this past weekend from the Apartment Association of Kansas City (AAKC) after receiving 17 nominations. Our team was well represented, with Flaherty & Collins Properties President Jerry Collins and Senior Vice President of Property & Asset Management Jill Herron both in town to help the team celebrate.
The Heights’ Kourtney Cowell was named AAKC Crystal Merit Award Winner as Property Manager of the Year for 2016! Jerry Collins (right) and Michael Collins (left) helped Kourtney with the hardware!
In addition, The Heights was awarded the Crystal Merit award for “Best Website” – and we naturally agree. (Check it out here.) Michael and Kourtney were honored to accept the trophy!
The event, held at the Overland Park Convention Center, was the 20th Annual Crystal Merit Gala and the AAKC handed out 90 awards over the course of the evening.
We are very proud of Kourtney & The Heights team, way to go!
Like the pancake breakfast in “Anchorman” (except we do it every year) – it’s time for our annual, year-end countdown of the Flaherty & Collins Properties Top Moments of the year! Our team enjoys this little countdown immensely, and this year is especially fun, as our recent office move has overlooking the festive downtown Indianapolis atmosphere. We hope you’ll join us on Facebook and Twitter as well, throughout the day (and late into the night), as we rock this countdown like Ryan Seacrest in Times Square.
We had a few moments just outside our countdown, but worthy nonetheless:
BONUS MOMENT: Award Winners!
We snagged 24 awards in 2016, leading off with the Capstone Award by the Kansas City Business Journal for The Best Mixed-Use Project for The Heights Linden Square in Gladstone, Missouri. We collected awards from the Apartment Association of Kansas City (AAKC), the Apartment Association of Southern Indiana (AASI), the Apartment Association of Fort Wayne (AAFW) and the Indiana Apartment Association (IAA), where we collected nine (9) awards in October.
Those included Best Floorplan (800 sq ft., 11+ years ) for Country Club, Best Floorplan (1100 sq. ft., 1-10 years ) for Millikan on Mass, Best Clubhouse (1-10 Years) for Axis, Best Company Wide Employee Relations Program for F&C, Best Overall Amenities for Flats at 146, Best Use of Technology for The Depot at Nickel Plate, Best Overall Corporate Marketing Program for F&C and Rick Stapp Regional Property Manager of the Year for Teri Hedemark. It marked the third consecutive year Flaherty & Collins Properties was honored with more awards than any other company at the annual Midwest Prodigy & Indiana Apartment Association (IAA) Awards of Excellence. Since 2014, Flaherty & Collins Properties has been honored with 27 awards (8 in 2014, 11 in 2015 and 9 in 2016).
In addition, we also won the NAIOP Award for Best Mixed-Use Development for Axis!
BONUS MOMENT: F&C Management Ranks #1 in IBJ List of Top Property Management Companies
We were super excited this year to reclaim a spot a the top of the Largest Indianapolis-Area Multifamily Property Management Firms as compiled by the IBJ! Congrats to our outstanding property management team on this accomplishment!
BONUS MOMENT: Historic Whitlock Place Grand Opening
In November, F&C officially openedHistoric Whitlock Place, an adaptive reuse development that creates 56 apartment homes in the historic Culver Union Hospital in downtown Crawfordsville.
“We are excited to open Historic Whitlock Place,” said Julie Collier, Vice President of Development with Flaherty & Collins Properties, at the ceremony. “This is truly a remarkable, transformative project for Crawfordsville and the greater neighborhood and community.”
Historic Whitlock Place consists of studio, one and two bedroom apartments. Nearly every unit is an individual, unique design, and features Energy Star windows and appliances to achieve the Silver level of National Green Building Standards for energy efficiency.
The Top 10 Moments of 2016 for Flaherty & Collins Properties
#10 – Groundbreaking of Evansville Housing Authority Projects
Flaherty & Collins Properties and the Evansville Housing Authority (EHA) broke ground in June on two Rental Assistance Demonstration (RAD) projects, located in Evansville, which provide public housing for seniors. EHA will use low-income tax credits awarded for HUD’s RAD, along with funds from private investors, to repair 888 units of assisted housing upon completion of phase 1 and 2 properties.
“We are excited to take the lead on these unique and transformative projects,” said Duane Miller, Vice President of Development and Community Asset Management at Flaherty & Collins Properties at the groundbreaking event. “Programs like this bring incredible positive change to the community, and we’re excited to be at the forefront of making it happen.”
RAD Phase 1 consists of Buckner Tower, Kennedy Tower, Schnute Apartments, White Oak Manor, and Caldwell Homes. RAD Phase 2 will include Fulton Square & Scattered Sites. The projects are the first in the state of Indiana utilizing RAD alongside the FHA 221(d)4 program. RADs allow Public Housing Authority’s (PHAs) and owners of HUD-assisted housing to preserve and improve affordable housing units that could be subject to vouchers and demolition.
#9 – Union | Berkley Riverfront Park Breaks Ground
Flaherty & Collins Properties and Port KC kicked off the construction of Union | Berkley Riverfront Park, a mixed-use development along the Missouri River just blocks north of Downtown Kansas City, with a ground breaking ceremony in late November.
“We are excited to begin construction on this transformative property for Berkley Riverfront Park and Downtown Kansas City,” said Ryan Cronk, Vice President of Development for Flaherty & Collins Properties, at the event. “We believe this project, with quality housing that supports the growing Riverfront area, is another component that will continue to build on the thriving downtown of Kansas City. We have great partners with the Port KC team and can’t wait to showcase this project.”
Construction will occur over an 18-month period. Union expects to see first residents move-in mid-2018.
#8 – 306 Riverfront District Breaks Ground
As you can gather, we turned quite a bit of dirt over this year, breaking ground on several new projects. In October, it was 306 Riverfront District’s time to shine, as Flaherty & Collins Properties announced the groundbreaking of the $32-million mixed-use development of the former Apperson Brothers factory and surrounding property into a luxury apartment community.
“We believe this project will add quality housing that supports the growing Kokomo community. This project is a major component of the continual revival of downtown. We want people to Live, Work and Play in downtown Kokomo,” said Austin Carmony, Vice President of Development for Flaherty & Collins Properties.
With 198 luxury apartment homes and 4,800 square feet of retail space, 306 Riverfront District is set to open in the Winter of 2018.
#7 – Washington, D.C. Projects Announced
Over the years, Flaherty & Collins Properties has expanded it’s development and management footprint across the nation, but this was a first we were especially stoked about – not one, but two projects announced in Washington, D.C. as part of Mayor Bowser’s DC Housing Preservation Strikeforce.
Diane’s House, 2619 Bladensburg Road, NE (Ward 5), Flaherty & Collins Dev LLC and Diane’s House Ministries
St. Elizabeth’s East Housing, 1000 Alabama Avenue, SE (Ward 8), Anacostia Economic Development Corporation and Flaherty & Collins Development LLC
“We are thrilled to work with the Mayor and the City on these tremendous and impactful projects to preserve affordable housing across Washington, DC,” said Duane Miller, Vice President of Community & Asset Management for Flaherty & Collins Properties.
#6 – 2700 University Grand Opening
What is the phrase? Out with the old and in with the new? Well, not quite yet. With all the new projects taking off in 2016, we cannot forget the projects we kicked off in 2015 that neared or reached completion – especially not one as transformative as 2700 University.
Just a couple weeks ago, the F&C team descended on Saint Paul, Minnesota to cut the ribbon and unveil the $54 million mixed-use, transit-oriented luxury residential apartment development near the Green Line Westgate Light Rail Transit station.
“Mixed-income, mixed-use developments like 2700 University will enhance prosperity in Saint Paul by providing affordable housing for 50 low-income families,” said HUD Midwest Regional Administrator, Antonio R. Riley. “The 2700 University partnership has demonstrated a successful approach that leverages public investment and traditional multi-family financing to provide affordable, stable housing opportunities.”
Project partners include the Housing and Redevelopment Authority of the City of Saint Paul, the Metropolitan Council, Local Initiatives Support Corporation (LISC – Twin Cities), BMO Harris Bank, and the National Equity Fund, Inc. (NEF). UrbanWorks served as the project architect, with Kraus-Anderson as the General Contractor. Landform was the project engineer. 2700 University will be a LEED certified community.
“The 2700 University development is a valuable investment along the Green Line that will provide connected and accessible spaces for residents,” said Saint Paul Mayor Chris Coleman. “With access to jobs, services, and all of the wonderful amenities our city has to offer, this development adds to the vibrancy of Saint Paul.”
We couldn’t agree more! Welcome to the F&C stable, 2700 University!
And here’s one more glance at that really cool ice sculpture at the event:
Mr. Miller had a good year, as you might already be able to deduce from all the projects the Affordable Development Team worked on bringing to fruition in 2016, but it was quite the moment when he and the truly cool Historic Greensburg Square project were featured as the cover story of AHF in January.
You take a good picture, Duane!
#4 – The Heights Linden Square Earn Their Green Globes
The Green Building Initiative’s® (GBI) Guiding Principles Compliance (GPC) is based on a site visit and detailed documentation review. A GBI-appointed third-party assessor verifies compliance and awards a Compliance Score and Rating. The Green Building Initiative’s® (GBI) Guiding Principles Compliance (GPC) programs are the first independent assessment and rating programs enabling government agencies to determine levels of compliance with the Guiding Principles, resulting from Executive Order 13514. By assembling the myriad of federal compliance requirements into one program, GPC facilitates the process to improve the sustainability of federally owned, leased or operated buildings.
GPC sets the standard for accuracy, consistency, and credibility through a clear and simple yet robust third-party evaluation process. Our streamlined process and third-party assessors minimizes agency personnel’s time and effort to determine the level of compliance with the Guiding Principles. In addition to recommending improvements prior to construction, assessors provide you with a final assessment at project completion. Hundreds of federal buildings have been assessed using the GBI GPC programs, and now many public and private buildings are set to evaluate.
We were honored to receive the Green Globe Awards, as F&C has been working hard on making our projects as green and innovative as possible. We’ll certainly continue that mission in 2017 as well!
#3 – One Team, One Dream
It was event years in the making, but we pulled it off, and rallied together nearly 2/3rds of Flaherty & Collins Properties 450-plus employees to the JW Marriott in Downtown Indianapolis for our 2016 Company Wide Event in late September.
The theme – One Team, One Dream – could not have been more appropriate.
At F&C, we are everywhere, as our Development, Construction and Management teams not only work on building affordable and market rate multifamily housing across the country, but also work on building strong communities where we live, work and play. The company -wide event was a chance for us to invest in building ourselves and uniting our team to celebrate, well, us. Our hard work and efforts, our accomplishments, and to come together under not just a slogan or mantra, but a goal.
We were very honored and pleased to have given back to the community during this time, building 40 bikes and donating them to three local charities. It was not only a team-building exercise, but one that did some good.
#2 – Jerry Collins Named IREM J. Wallace Paletou Award Winner
The J. Wallace Paletou Award, a national honor, was presented to Collins for his outstanding contributions to the real estate management industry and his extraordinary dedication to the profession. Collins achieved this IREM Foundation Award because he demonstrated leadership and professionalism that impacted his community through many channels and actions. The J. Wallace Paletou Award is an IREM Foundation award conferred upon an individual who has made significant contributions to the real estate management industry or contributed to the betterment of society as a whole through the role of a real estate manager.
“I am incredibly honored to receive this recognition by the Institute of Real Estate Management,” said Collins at the event. “To spend a career doing what you love and working with good people who share your values about caring and giving back to others is the definition of time well spent. I am humbled by this recognition and I thank IREM and the tremendous team we have at Flaherty & Collins Properties for this honor.”
And we’re very proud of the tremendous leadership we have in you, Jerry! Way to go!
And finally, our No. 1 moment of 2016:
#1 – The Corporate Office Moves Downtown
Don’t get us wrong, we liked the old homestead on the North side of Indianapolis (and its quick access to the Apple Store for all our tech lovers). But it was time for us to get some new digs.
Just 10 days ago, we packed up and headed downtown to our new corporate headquarters on the 30th floor (and part of the 29th) of Regions Tower (One Indiana Square).
The picture below is just a small sample of what our old work room area looked like just hours before our move began the week before the holidays:
Organized chaos is a good phrase, so we’ll go with that. In reality, it was the result of a lot of hard work and leadership across the company, as we wanted to make sure we got it right.
“It was important for us to be in the heart of a thriving, bustling area,” said Jerry Collins, President of Flaherty & Collins Properties. “We started out here in 1993 and with all the projects we’ve down in major urban areas, this just makes sense and works with what we do. We talk a lot about urban, walkable areas with shopping and dining options, and as we continue to attract more employees to our corporate headquarters, we wanted our company to reflect what we’ve been doing with our projects.”
We’re pretty pleased with the results. And we could certainly get used to this view (and those painted sunrises):
The space is modern and contemporary, meant to encourage interaction, and intermixed with treadmill desks, a Golden Tee golf arcade game and a pool table to help employees blow off steam don’t hurt the cause. The space is also a tech upgrade, with interactive screens and spaces and multiple conference rooms with a variety of uses.
“Office space is not about the space and how people use it, it is about how can a space support a company’s culture and the people that bring it to life,” says Keith Cole, principal with Mitsch Design. Cole sees Flaherty & Collins Properties as ahead of the curve with its buildout, a reflection of the company’s culture and what modern employees are looking for.
“Over the coming years, the most significant change in office space and office buildings will be making the office a more comfortable work environment,” says Cole, who has worked with Flaherty & Collins Properties on building out amenity space for many of its recent developments, including The Depot at Nickel Plate in Fishers and 360 Market Square in downtown Indianapolis. “Let’s face it, we all spend more and more time at the office and less at home. For companies with great cultures, people love to connect with their “family” in the work place. To achieve this, you will see more residential and amenity settings.”
“We are excited to move our corporate office to Downtown Indianapolis,” said David Flaherty, CEO of Flaherty & Collins Properties, last summer. “Our new space reflects our growth as a company and puts us in the heart of a thriving urban area, where we specialize in many public/private, mixed-use projects both in Central Indiana and around the country. Perhaps most importantly, it allows us the ability to recruit the best and brightest from our industry by offering a tremendous employee environment that is walkable, bike-friendly, and truly, a live, work, play location.”
Well said. And we’re certainly excited for a new year in our new space and to see what lies ahead for Flaherty & Collins Properties in 2017.
With that, we end our countdown, and hope that you had a great 2016. From all of us at Flaherty & Collins Properties, we wish you, your families and friends, our partners and team members a very safe, prosperous and joyous New Year!
It has become an annual, year-end, rite of passage: the countdown of our Top Moments of the past year. We began this fun tradition in 2013 and have full intentions of keeping it going for many years to come. (Well, mainly because it can get a little quiet around these hallowed F&C halls during the week between Christmas and New Year’s.)
So without further adieu, here’s the Top 10 Moments of 2015 for Flaherty & Collins Properties:
10. Downtown Terrace Opens, Impresses
Downtown Terrace, an affordable senior housing community in Petersburg, Indiana, held it’s grand opening in March and then promptly garnered national recognition as a finalist in the Affordable Housing Finance Reader’s Choice Awards. The project includes 42 affordable senior apartment homes and Good Samaritan Hospital serves as the anchor tenant, running an urgent care facility on the main floor that provides mental health service and a physician’s clinic.
9. The Heights Linden Square Opens in Gladstone
“This is an exciting time for the City of Gladstone,” said Gladstone Mayor Bill Garnos to those in attendance back in April. “Welcome to The Heights.”
“These new residents will serve to make up a strong urban core in downtown Gladstone, with disposable incomes to support local businesses,” said Flaherty & Collins Properties CEO David Flaherty. “Investing in projects like this not only benefits the residents of The Heights and nearby businesses, but it assists in providing a true identity for the entire community, one that has a ripple effect that resonates throughout Gladstone.”
Chalk full of resort-style amenities, the property boasts over 10,000 square feet of first floor retail that help to create an active, bustling and pedestrian-friendly city center.
“We needed to find ways to encourage people to invest in our community, to keep up with costs and keep our taxes reasonable,” said Gladstone City Manager Kirk Davis.“The Heights Linden Square represents part of a community vision for a downtown Gladstone.”
“It has been so exciting to see people walking around and enjoying downtown Fishers, and I couldn’t be more excited to celebrate the grand opening of The Depot,” says City of Fishers Mayor, Scott Fadness. “This is the project that started it all and continues to inspire further redevelopment of the Nickel Plate District.”
The Depot brought Fishers the start of a transformative and active downtown core, providing an upscale blend of residential and retail uses in a walkable, urban environment set in the emerging heart of downtown Fishers and 116th Street and Municipal Drive. The Depot at Nickel Plate and is one of the first developments in a series of projects to help transform downtown Fishers into a walkable, bike friendly hub of activity.
“Being involved with the new commercial growth in Fishers has been exciting for us at Brixx Wood Fired Pizza,” says Jim Lessaris, Managing Partner of Brixx. “Our first Indy location, at The Depot at Nickel Plate development, and where we serve as the anchor commercial tenant, has been a great experience for us.”
7. Clark’s Crossing Opens in Vincennes
Clark’s Crossing, which features 47 unique affordable apartment homes, is an adaptive reuse of two historic buildings and opened to rave reviews last March. A collaborative effort between Myszak + Palmer, Flaherty & Collins Properties, Vincennes Community School Corporation (VCSC), The Vincennes Education Foundation and Vision Communities, the project involved the reuse of the old Clark Middle School and Adams Coliseum. Kuhl & Grant, LLP provided legal services and McKinley Development, LLC provided consulting services on the project.
The development used the sale of historic tax credits and rental housing tax credits to turn the two buildings into a senior living facility in the heart of downtown Vincennes. Additional funding was provided by HOME and Development Fund Loans. Flaherty & Collins Properties will manage the property.
The Bake-Off, Pie Eating Contest and collection helped the Mozel Sanders Foundation reach their yearly goals. In addition, F&C provided various kinds of support to several groups throughout the year, which led to the Indiana Apartment Association (IAA) bestowing F&C with the coveted Gene B. Glick Spirit of Giving Award in September at the Awards of Excellence & Prodigy Awards celebration.
The Depot at Nickel Plate – Community of the Year (New Development)
Clark’s Crossing – Best Renovation Project
The Landing – Best Apartment Community Designed for Tax Credit Affordable Housing
RomWeber Flats – Best Apartment Designed for the Physically Challenged
16 Park – Best Green Community
Westlake – Community of the Year (11 Years +)
Riverwood – Best Brochure (Under 200 Units)
Awards of Excellence Winners:
Flaherty & Collins Properties – Gene B. Glick Spirit of Giving Award
Jill Meals-Herron – Donald J. Williams Volunteer of the Year
Simon Diaz-DeLeon – Alberto Covarrubias Maintenance Supervisor of the Year
It was the second straight year we took home the most awards of any management company. In addition in 2015, Flaherty & Collins Properties also collected Monumental Awards for Axis (Achievement in Real Estate Development), The Depot (Interior Design). F&C Was also named to the Best of the Best lists for Construction, Owners and Management, as well as IBJ’s Largest Indianapolis-Area Construction Projects, Management Firms and Developers. In November, two Flaherty & Collins Properties developments took home Greater Cincinnati / Northern Kentucky Apartment Association (GCKNAA) awards, and the Indiana Housing & Economic Development team presented us with two Lt. Governor’s Awards for Excellence in Affordable Housing (Rural & Seniors).
The $26.5 million project, will include 191 luxury apartments and 1,650 square feet of retail space in downtown New Albany at the site of the former Coyle Chevrolet/Dodge, will take 18 months to complete, was assisted by a $3.3 million DINO tax credit from the Indiana Economic Development Corporation (IEDC).
“This is a very exciting day,” said New Albany Mayor Jeff Gahan at Wednesday’s groundbreaking ceremony. “This is a shining example of what we can do when we all work together.”
The project is expected to generate millions into the local economy from residents living at the site and creates 200 construction jobs over the next two years.
“It’s a great time to be in New Albany,” said Dr. Irving Joshua, president of the New Albany Redevelopment Commission. “It’s about location, location, location. New Albany has had the location for a long time, it just needed a vision. We have had a vision for the past decade and this is just another element of that plan.”
3. 2700 University Ready to Transform St. Paul, MN
2700 University, a $54 million mixed-use development along the Green Line in Saint Paul, Minnesota, broke ground in late June. The six-story building is beside the Westgate light-rail station and will have 248 apartments, 3,000 square feet of retail space and two levels of underground parking.
“In the future, University will become similar to Washington D.C.’s Orange Line,” says architect Tod Elkins of UrbanWorks. “New large retail and apartment developments have reinvigorated that transit way. I’m surprised University has taken as long as it has to take off, but sometime soon it will look that way, too.”
Moreover, 20 percent of the living units are designated affordable or “workforce housing,” Elkins says. “To me, workforce housing means for people who work in retail in front of the house, making $12 – $14 an hour. Or artists. Or not the lawyers, but the support staff in the office, along with recent college grads or empty nesters moving in from the suburbs. In other words, the people of the community.”
The project will open in late 2016.
2. New Projects Around The Country
Flaherty & Collins Properties development team has been working diligently throughout 2015 to announce new projects and bring others closer to formal announcement and groundbreaking stages.
Plans were announced in November on the project in Kokomo to redevelop the former Apperson Brothers factory and surrounding property into a luxury mixed-use apartment community to open in the Summer of 2017.
“Reusing the facade of this historic building preserves our history and provides much needed housing for our downtown,” said Mayor Greg Goodnight.
The conceptual plans call for a mixed use development which includes the repurposing of the existing factory building as well as additional new structures on the site to accommodate 198 luxury apartment homes and retail in an urban configuration. The community will feature resort style amenities that will support and activate the space around the new development, tying in closely with the baseball stadium and downtown, while supporting the housing needs the City of Kokomo has outlined in their master development plan.
In March, the Port Authority of Kansas City announced our project along the Riverfront near downtown Kansas City, a development dubbed Union at Riverfront Berkley Park. The $65 million mixed-use development is expected to break ground on the Missouri riverfront in 2016. Union will include studio, one bedroom and two bedroom luxury apartment homes averaging about 875 square feet. Apartments will lease for about $1.50 a square foot, or about $1,300 a month. Amenities probably will include a resort-style pool with sun deck, sky bar with views of downtown Kansas City and the river, a gaming lounge, a fitness club, indoor/outdoor yoga and Pilates studios, and a bicycle bar. The project also will include a Bike Room, where residents can work on and store their bicycles, a Kansas City Bicycle bike-share station and a pet wash area.
Late October brought the announcement of our project in Elkhart, Indiana, where a $25 million mixed-use project in downtown along the Elkhart River that features luxury residential apartments and retail space will take shape soon. The project will be developed on the former Elkhart Foundry site, which was demolished in 2010.
“Statistics show that over 25,000 people commute into Elkhart County every day for work, but don’t live there,” says Brian Prince, lead developer of the project for Flaherty & Collins Properties. “The goal of this development is to attract and retain some of those individuals so that they live, work and play in Elkhart. By adding density to the downtown area, we will bring in individuals who will pay local taxes and bring in more money to the economy.”
And of course, there is the exciting project in downtown Tulsa that could feature high-end apartments, a 35,000-square foot Reasor’s grocery store, parking and civic space specifically for the Tulsa Performing Arts Center (TPAC). Additionally, our affordable development team has projects in development around the nation and broke ground last spring on Historic Whitlock Place in Crawfordsville, Indiana.
Stay tuned for more information on these and other exciting projects in 2016!
1. 360 Market Square Breaks Ground
A project set to change the skyline of downtown Indianapolis, Flaherty & Collins Properties officially broke ground on the 28-story, $121 million mixed-use luxury residential apartment tower on the north parcel of the former site of Market Square Arena earlier this year. The development, at nearly 300 feet tall, will feature a 40,000 square foot Whole Foods Market®. The project was named 360 Market Square.
“This project will transform downtown living and add a bold new landmark to Indy’s skyline,” Mayor Greg Ballard said. “Urban residents want unique places to live, and this development delivers the type of architectural excellence that will help attract new people and companies to the thriving Market East District.”