- ±11.5 ac Total Site Area, ±3.8 ac Open Space / Easements, ±7.7 ac Net Site Area - Zoned GV-UV (Gateway Village - Urban Village), Approved for 228 - 236 apt units **Current zoning allows 30x units per net acre with a 60’ max building height and a minimum open / green space requirement of 20% of gross site acreage / possibility for higher density with vertical development - Unique opportunity with no other competing deals zoned GV-UV in the City that are currently ready for development - Upcoming Rivian development projected to bring 7,500 new jobs internally and another ~5,000 supporting jobs **See DD Material for articles related to the Rivian project Items Completed by Seller: - Newly Approved 5 Year Tax Abatement (estimated value of $2m+ - see DD material for detail) - Approved Variances Allowing for Reduced Build Costs (Masonry at 40% average vs. the City requirement of 50% average) - Limited to 2x points of ingress / egress vs. the City's standard requirement of 3x for projects over 200 units. The second point of access will come through the adjacent Rockdale Square Shopping Center property, which is a deeded access easement. - One bedroom units reduced to 750sf vs. the City's standard requirement of 850sf - Changed the GV-UV code to permit Studio Apt units that are at least 600sf (no more than 10% of total unit count) Other Items Completed by Seller: - ALTA Survey - Conceptual Site - Grading - Utility Plans - Sanitary & Storm Sewer Profiles - Phase I & II Environmental Site Assessment - Geotechnical Report - Site to be delivered Fully Entitled / No Encumbrances