Lifelong Learning and Sustainable Development Hampshire College and Beacon Communities Development LLC.

Lifelong Learning and Sustainable Development

Hampshire College and Beacon Communities Development LLC

Hampshire College – Self Zoned

Purpose for Building a Residential Community• Source of revenue – build endowment to support academic

program

• Compatible with College’s mission

• Build critical mass to aid success of Atkins Corner Village Center

• Become model for sustainable community living within a college setting – lifelong learning, sustainable living environment, sense of community

The Preliminary Planning Process• Conduct feasibility study to test concept – market survey,

program identification, site location, revenue opportunities

• Preliminary design development – second market study, design various unit types to test site capacity, create development budget

• Evaluate risks and rewards of development options

• Developer selection process – RFQ’s, RFP’s Beacon Communities – the right partner

• Board of Trustees Approval – Points of “Go / No Go” required at each phase of project planning

Hampshire College and the Development Site

Veridian Village at Hampshire College• An innovative development project that will create a

community of lifelong learning and cultural enrichment in Amherst

• A partnership between Beacon Communities LLC and Hampshire College

• A vital component of Hampshire’s Sustainable Campus Plan

• Illustrative of Hampshire’s long-range commitment to promoting intergenerational learning for students and alumni

• Maintains sustainable development and pursues a community of shared values

Program • Project Area: 50.6 acres, of which 36.6 will be ground leased

• Development Footprint: 18.5 acres

• Conservation Restriction: 32.4 acres

• Unit Count: 129 units– 72 flats in three 4-story elevator buildings– 57 townhomes in duplex and triplex configurations.

• Unit Sizes: The flats will range from approximately 1,100 SF to 1,500 SF. The townhomes will be approximately 2,000 SF.

• Commons Building: 5,000 SF, located on a central green, adjacent to the community gardens.

• Green Design: Silver rating on National Association of Home Builders (NAHB) Model Green Home Building Guidelines.

Aerial View