PRESS - Mixed-Use Project - Schere Family

Site work and new construction of a mixed-use development in Springfield, Oregon. Conceptual plans call for the construction of a eight-story above grade multi-residential development; and 5,000-square-foot retail development. Thanks to inflation, Springfield pumps brakes on 8-story mixed-use building in Buick project Design work to transform a parking lot near the former downtown Buick dealership into retail and residential space is still ongoing, but inflation has led to a slowdown in cost estimating and bidding, staff and a consultant told Springfield officials Monday night. Blue McKenzie, a combination of the family that's owned the dealership property for decades and a Portland-based developer, plans to build an eight-story building in the lot on A Street between the former dealership and the post office. A later phase would incorporate the dealership, which closed in 2019. Officials are eager to see the project, which they say would add desperately needing housing options, become a reality, but it could take longer due to rising construction costs. The original construction estimate from April 2021 was around $22 million, according to a memo, but more recent estimates have fluctuated from $25 million to $32 million. Estimates for some items have come back at four times the original expectation, said Courtney Griesel, who used to be the city's economic development manager and is serving as a consultant on the project. While permitting, design and other items to prepare for construction are moving forward, the project team decided to wait "for things to calm and demand to come down for some materials" then rebid the project to get more favorable estimates, she said. So far, Blue McKenzie has used $1.5 million of a $2 million loan that the Springfield Economic Development Agency Board approved in April 2021, Griesel said. Read more:Springfield officials unanimously approve $2M loan for redevelopment of downtown parking lot The company has spent $424,000 on property acquisition, and the rest of the $1.5 million spent has gone to predevelopment work to transform the parking lot into a mixed-used building with 5,000 square feet of ground-floor commercial space topped by seven stories of market-rate residential space. The remaining money is slated for spending on construction documents, according to a staff memo. Griesel said the delay to rebid means the project team and staff may request an amendment to the loan, which has terms specifying the money must be spent in 18 months, to allow for more time and flexibility. The project team also plans to complete another market assessment to help with understanding "the right moment to go on the project" and help align rent rates and project cost, she said. An assessment will help the city and developer determine an interest rate for a $10 million construction loan and the appropriate rent rates, said Nathan Bell, the city's finance director. Private banks likely will want more detailed market information, Griesel said, and it will be useful for the city to have that information even as a secondary lender.Mixed Use.

Retail, 5,000 SF New Construction, Apartments/Condominiums, 8 Stories Above Grade, New Construction.

Division 01 -	General Requirements, Construction Facilities, Field Offices and Sheds, Sanitary Facilities, Construction Aids, Temporary Scaffolding and Platforms.
Division 03 -	Concrete, Concrete Forming and Accessories, Concrete Forming, Concrete Accessories, Concrete Reinforcing, Cast-in-Place Concrete, Structural Concrete, Precast Concrete, Site-Cast Concrete.
Division 04 -	Masonry, Unit Masonry.
Division 05 -	Metals, Structural Metal Framing, Structural Steel Framing, Structural Steel for Buildings, Steel Joist Framing.
Division 06 -	Wood, Plastics, and Composites, Rough Carpentry, Finish Carpentry, Millwork, Architectural Woodwork, Architectural Wood Casework.
Division 07 -	Thermal and Moisture Protection, Dampproofing and Waterproofing, Sheet Metal Waterproofing, Thermal Protection, Thermal Insulation, Weather Barriers, Built-Up Bituminous Roofing, Flashing and Sheet Metal, Joint Sealants.
Division 08 -	Openings, Doors and Frames, Metal Frames, Metal Doors, Wood Doors, Plastic Doors, Special Function Doors, Cold Storage Doors, Panel Doors, Sectional Doors, Entrances and Storefronts, Entrances, Automatic Entrances, Sliding Automatic Entrances, Windows, Hardware, Door Hardware, Glazing, Louvers and Vents.
Division 09 -	Finishes, Plaster and Gypsum Board, Gypsum Board, Tiling, Ceilings, Acoustical Ceilings, Flooring, Carpeting, Painting and Coating, Painting, Exterior Painting, Interior Painting.
Division 10 -	Specialties, Signage, Telephone Specialties, Compartments and Cubicles, Toilet, Bath, and Laundry Accessories, Fire Protection Specialties, Fire Protection Cabinets, Fire Extinguishers, Storage Assemblies, Metal Storage Shelving.
Division 11 -	Equipment, Loading Dock Equipment, Residential Equipment, Residential Appliances.
Division 12 -	Furnishings, Casework, Rugs and Mats, Office Furniture, Site Furnishings, Trash and Litter Receptacles.
Division 21 -	Fire Suppression, Instrumentation and Control for Fire-Suppression Systems, Fire-Extinguishing Systems.
Division 22 -	Plumbing, Instrumentation and Control for Plumbing, Plumbing Piping, Facility Water Distribution, Plumbing Equipment, Plumbing Fixtures, Residential Plumbing Fixtures, Commercial Plumbing Fixtures, Drinking Fountains and Water Coolers.
Division 23 -	Heating, Ventilating, and Air Conditioning (HVAC), HVAC Insulation, Instrumentation and Control for HVAC, HVAC Air Distribution.
Division 26 -	Electrical, Instrumentation and Control for Electrical Systems, Power Distribution Units, Lighting, Interior Lighting, Emergency Lighting, Exit Signs, Exterior Lighting, Lighting Poles and Standards, Parking Lighting, Area Lighting, Site Lighting, Flood Lighting.
Division 27 -	Communications, Structured Cabling, Data Communications, Voice Communications, Distributed Audio-Video Communications Systems, Paging Systems.
Division 28 -	Electronic Safety and Security, Electronic Access Control and Intrusion Detection, Access Control, Electronic Surveillance, Video Surveillance, Fire Detection and Alarm.
Division 31 -	Earthwork, Site Clearing, Grading, Excavation and Fill, Earthwork Methods, Soil Treatment.
Division 32 -	Exterior Improvements, Bases, Ballasts, and Paving, Flexible Paving, Asphalt Paving, Rigid Paving, Concrete Paving, Curbs, Gutters, Sidewalks, and Driveways, Paving Specialties, Parking Bumpers, Pavement Markings, Fences and Gates, Irrigation, Planting Irrigation, Planting, Turf and Grasses.
Division 33 -	Utilities, Water Utilities, Sanitary Sewerage Utilities, Storm Drainage Utilities, Electrical Utilities, Communications Utilities.