Tampa Housing Authority YouthBuild School
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Tampa Housing Authority
YouthBuild School
C.C.G. Developers
Non-profit organization working in collaboration with the Tampa Housing Authority
Damien Beal Pascale D. EdouardSteve Baumann
Development Concept
Renovate an existing office/warehousebuilding into a 24,223 square foot YouthBuildtraining school, offices, storage facility and daycare center
Site is located at 808 North Rome Ave, Tampa FL
Renovation is intended to engage and support the community
Stimulate the local economy
Development ConceptSite Location
Development ConceptSite Location
DevelopmentConcept
Enterprise Zone
Development Concept
Development Concept
Development Concept
Development Concept
Services to be provided:
YouthBuild FacilityGED classroomsTrade classrooms
Carpentry, HVAC, Plumbing & Electrical
Professional office space rentals
Storage space rentals
Day care facility
Parking
Development Concept
Zoning
Zoning Classification: IG (Industrial General)
Allows for office, vocational schools storage and daycare uses
Maximum Height: 60 feet. Actual is 24 feet
Minimum Lot Size: 5,000 sq.ft. Actual is 1.02 acres
Maximum F.A.R. .75 allowable Actual F.A.R. .54
Development Concept
1st level YouthBuild School
classrooms Rental storage
space
Day care school
Existing building to be
demolished
2nd level office space
Building & Site Plan
Market Analysis and Demands
Community Need
Approximately 37.7% of residents do not have ahigh school diploma
Roughly 34.4% of residents living below the poverty line
1.6 million shortage of qualified construction and skilled workers
Community Need
Market Analysis and Demands
Market Analysis and Demands
Community Need
There are only 2 daycare centers within 1 mile of thesite. The closest is approximately .5 miles away.
There are very few office rentals available near the sitewith the closest office being .7 miles from the site.
The closest storage facility is located 1.2 miles from thesite. With the University and hundreds of apartments
adjacent to the site, the need for storage is substantial.
Collaborations & Partnerships
Hillsborough County Health Dept.
Drug Abuse Comprehensive
Counseling Office (DACCO)
Tampa Bay Workforce Alliance
Habitat for Humanity (Hillsborough and Pinellas County)
Hillsborough County School System
STC Partners
University of South Florida
University of Tampa
· Head Start
Financials
Construction/ Rehabilitation $1,550,272
Development Cost$52,000
Contractors Insurance $28,000
Permitting $26,000
Developers Fees $259,000
Contractor's Profit $180,000
Soft Cost $401,378
Financial SourcesSI Fund Grant
$500,000
Brownfield Designation$39,300
Enterprise Zone$41,300
YouthBuild Grant$200,000
CDBG$100,000
Deferred Developer Fee$159,000
Total Equity$1,039,600
Total Development Cost$2,496,650
Total Debt Service $1,457,050
Cash Flow
Effective Annual Income $652,600
Operating Expenses$388,290
Debt Service$93,280
Net Operating Income$175,824
Community Impacts
Increase the number of jobs in the area
Advance the vocational skills of 25 to 40 youth per year
Employ YouthBuild employees, teachers, property managers, day care employees, maintenance employees and lawn care companies
Community Impacts
Cater to community members with construction skills
Fuel the lost skilled construction labor during the recession
Community Impacts
Economic benefits $500,000 per year into the local economy
Salaries from program graduates
Permanent employees of the facility will contribute to the area economy
Construction will generate over $1,000,000 of economic benefits to the area
Enhance the aesthetics of neighborhood and continue the revitalization momentum
Decreased crime due to employment opportunities for disadvantaged youth
Threats & Challenges
Potential Threats
The unexpected could possibly happen where the economy could move into another recession greatly impacting the construction industry.
In any renovation there are unknown issues that could greatly impact the construction costs and put pressure on the sustainability of the project.
Anticipated grant money for construction may not be available prior to construction causing the project to rely on more expensive private money.
Threats & Challenges
Potential Threats
Renewing operating grant money after 3 years may not be available causing the project to search for other revenue
Competition form other sources such as storage facilities and office buildings
Tampa Housing Authority
YouthBuild School
Questions
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