Dear Ann,
I hope you enjoying Christmas in
exactly the right way for you and that your celebration is inspiring, fun and
rejuvenating!
I’m glad we will be able to talk on
Thursday at 3:30 pm. Hopefully,
most of us in Philly will gather in one place to make the communication
easier. Before the call, I wanted
to take a moment to update you on where the group is right now and where we
think you could help us.
At the moment, WVC has four
site-selection options that are summarized below. (The attached chart was an effort to compare the various
options based on our most important values/criteria assuming all could be made
compatible with cohousing principles.)
- “Original”
Iron Stone Property: Since
the call with Andrew, the general feeling is we will not be bale to build
cohousing on this property.
We intend to ask him one last time whether he might be open to
creating a development with a fee simple & rental components (not
condo) but we are doubtful that he could develop something that we could
afford. We are preparing to
let this one go (boo hoo!)
- Adaptive
Reuse of Property: Many of us are still interested in the option of
renovating an existing building into cohouisng, possibly in conjunction
with Iron Stone. We are in
the process of getting a list of properties from Andrew and seeing where
that may lead. WVC members
are hopeful that this will be the most affordable option, but worried
about the problem of what to do with tenants already occupying a building
we want to take over. We need
to discuss this with Andrew and others.
- Working
with Onion Flats or other "Green Builders" to purchase land and
build to our specifications.
While Onion Flats did re-contact us recently, they have not
responded to our Pitch Package in over 2 weeks and seem unreliable as
partners.
- Carpenter
Lane Apartments: Since our meeting with Andrew, another property has come
to our attention. The
developer’s name is Scott Siebert (http://bancroftgreen.com/)
and we met with him last week to discuss how his project might be
conducive to cohousing. It
was a very preliminary conversation with him asking more questions than we
did!
- Pros
of this project include: We like the developer (neighborhood guy with
good values); he is very committed to sustainable & quality building;
excellent location (almost as good as/maybe better that Iron Stone
property, across the street from food coop;) developer is open to
discussing a variety of financial relationships with us (coop, long-term
leases, condo;) he is open to giving us common space in a variety of way;
he talked a lot about WVC “growing into the building…”
- Cons:
They are “high end builders” and the prices mentioned so far were
insanely high; we would only have part of the building, at least for the
first 5-10 years …
Given all of this, here are some of
the top questions we would like to discuss with YOU:
1. What does WVC need to know in order to move forward with
these various conversations? What
sort(s) of self-education process(es) must we undergo? Do you have suggestions for how to
discern what we need to learn and how to learn it?
2. What does it look like to work with a developer to adapt an
existing building and how do we prepare for that? What are the various
implications, pros/cons we need to consider?
3. Can cohousing be done as rentals? As coops? What has been
done in the past? What are the pros/cons we need to consider? How do we/can we
have control without ownership?
4. How does the fact that we may NOT be heading toward an MOU
with Iron Stone affect WVC’s
agreement with CC?
Finally, to further help you
understand where the group is, attached are:
o
Minutes from last meeting
where we discussed the four options above and members had a brief chance to
give feedback/reactions
o
Chart comparing the options
and noting some suggested next steps and issues
o
My notes from our meeting with
Andrew (which I sent you before, but am not sure you received since I didn’t
hear from you about them.)
We really look forward to speaking
on Thursday! Please be in touch
beforehand if you have questions or concerns.
Peace!
Abby