Greenslate Development dba Greenslate 5902, LLC: 9th Street Industrial Park

ID

89

OrgName

Greenslate Development dba Greenslate 5902, LLC

PhysicalAddress

3555 Farnam St Suite 904 Omaha, NE 68131

MailingAddress

Website

www.greenslatedevelopment.com

SocialMediaAccounts

Name

Matthew Dwyer

Title

Principal

EmailAddress

matt@greenslatedevelopment.com

Phone

+1 (402) 320-7793

Team

Yes

TeamExplanation

Matt Dwyer Principal, Jay Lund Principal, Clay Vanderheiden Principal, Mike Anthony, Opus General Contractor, Dan Kerns Schemmer Engineer and Architecture

OrganizationalChart

OtherCompletedProjects

Greenslate Development has completed over 30 development projects in Omaha over the last decade focused primarily in the Blackstone District. The Principals of Greenslate also own a manufacturing business called Wild Pack that would be looking to locate operations in this new industrial development alongside other businesses.

ProposalTitle

9th Street Industrial Park

TotalBudget

22750000.0

LB1024GrantFundingRequest

1000000.0

ProposalType

Capital project

BriefProposalSummary

Greenslate aims to build a 200K square foot industrial building at 5902 N 9th street. This project will bring hundreds of new jobs to this area. Greenslate is also looking to locate it's own subsidiary manufacturing business called Wild Pack to this location. We will be ready to break ground in the spring of 2023 and we expect the project to take 12 months to complete.

Timeline

We are in the design of the building currently. We expect to commence ground work on the project later this fall with permits and construction start projected for the spring of 2023.

PercentageCompletedByJuly2025

1.0

FundingGoals

Fundamental Change (i.e., a proposal that will continue to elevate North or South Omaha's presence and perception within the region, significantly improving the lives of area residents through physical development) Long-Lasting Economic Growth (i.e., a proposal that will foster gainful employment opportunities and financial investment in the area, leading to the creation of generational wealth and widespread economic vitality in North and South Omaha) Transformational (i.e., a proposal that will help energize, recharge, or spur significant and favorable advancements in North or South Omaha's function or appearance)

Community Needs

Other Sustainable Community (i.e., create or enhance housing, services, education, civic uses, recreation, etc.)

OtherExplanation

Create job and tax base

ProposalDescriptionAndNeedsAlignment

By constructing a new 200K square foot state of the art industrial facility in this location, we will be bringing new businesses to the building which we expect will bring with them over 200 good paying jobs. The creation of these job will bring opportunity to this section of Northeast Omaha.

VisioningWorkshopFindingsAlignment

Our proposal to build a 200K square foot industrial space on vacant land means there will be no displacement. We will both activate a long since vacant 11 acre parcel of ground, but we will create hundreds of workforce/industry jobs in the community, for the community and hopefully by the community which would give the economic investment a great chance for recycling through the broader northeast Omaha community as a whole.

PrioritiesAlignment

The project will bring job creation, utilization of vacant land, create tax base, and avoid displacement in the community.

EconomicImpact

We expect there to be over 200 permanent jobs created with this project when completed. We expect these jobs will be 40K per year jobs and above.

EconomicImpactPermanentJobsCreated

200+

EconomicImpactTemporaryJobsCreated

We expect a maximum of 50 people on site for the construction of the project

EconomicImpactWageLevels

We expect wages at 20.00 per hour and above

EconomicImpactAlignProposedJobs

First, the project work would be made available to northeast Omaha based subcontractors for bidding all any and all applicable and eligible trades. Our hope is that locally grown industry will have an opportunity to locate and grow jobs within this facility.

CommunityBenefit

This project would activate a long vacant 11 acre parcel of ground and bring good paying jobs with it, which will recycle through the community a number of ways including patronage of local businesses and services, housing and tax base.

CommunityBenefitSustainability

The project will have a very purposeful water detention program leaving a good amount of greenspace for nature and water permeation.

BestPracticesInnovation

The project itself will be a beacon of where innovation and new concept makers can find a respite to do their work.

OutcomeMeasurement

Our primary goal with the project is the creation of high wage job opportunities. This project will not be all things for the community, but bringing good wage paying jobs will create a very strong bedrock for economic recycling through the community and the organic growth that comes as a result.

OutcomeMeasurementHow

I think the outcomes of job creation and tax base are easily measured through property tax payments and simply visiting the finished project to see the parking lot full of cars and the building alive with activity.

OutcomeMeasurementCoinvestment

I think anytime you bring 200 jobs to an area you are a catalyst for further investment.

Partnerships

No

PartnershipsOrgs

PartnershipsMOU

Displacement

No

DisplacementExplanation

PhysicalLocation

5902 North 9th Street. This is a long vacant parcel of 11 acres that has generated no jobs or tax base in decades.

QualifiedCensusTract

Within one or more QCTs

AdditionalLocationDocuments

PropertyZoning

Yes

ConnectedToUtilities

ConnectedToUtilitiesConnected

Yes

ConnectedToUtilitiesUpgradesNeeded

Yes

DesignEstimatingBidding

Yes

DesignEstimatingBiddingPackageDeveloped

Yes

DesignEstimatingBiddingCostsDetermined

GeneralContractor

Yes

GeneralContractorPublicCompetitiveBid

Yes

GeneralContractorPublicCompetitiveBidWhyNot

RequestRationale

The request level is to help offset costs which in turn lowers the amount of equity required which lowers the amount of net income needed to satisfy a market return and thus provides for more affordable rent and the attraction of the space for enterprise.

GrantFundsUsage

The funds will be used directly for construction costs.

ProposalFinancialSustainability

Yes

ProposalFinancialSustainabilityOperations

The project will sustain itself on future rents by the operating businesses occupying the building.

FundingSources

Bank financing, ownership equity, tax increment financing.

FundingSourcesPendingDecisions

In the next 60 days

FundingSourcesCannotContinue

No, we will figure out how to build the project with or without the ARPA funds but the ability to make the space more affordable is attractive to the overall objectives of the project.

Scalability

No it cannot be

ScalabilityComponents

FinancialCommitment

We have one million dollars currently invested in the control of the land and design and approvals for the project

ARPAComplianceAcknowledgment

1.0

ARPAReportingMonitoringProcessAck

1.0

LB1024FundingSourcesAck

1.0

PublicInformation

1.0

FileUploads

Documentation of site control (proof of ownership, option, purchase contract, or long-term lease agreement) Environmental assessment of subject site. Is the property a brownfield site? Plans and detailed descriptions, including pictures and a map of the site location/surrounding area Pro Forma Proposal Budget/Sources and Uses