Lifelong Learning and Sustainable Development

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Lifelong Learning and Sustainable Development
Hampshire College and Beacon Communities
Development LLC
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Hampshire College Self Zoned
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Purpose for Building a Residential Community

• Source of revenue build endowment to support
  academic program
• Compatible with Colleges 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

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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 RFQs, RFPs Beacon
  Communities the right partner
• Board of Trustees Approval Points of Go / No
  Go required at each phase of project planning

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Hampshire College and the Development Site
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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 Hampshires Sustainable
  Campus Plan
• Illustrative of Hampshires long-range commitment
  to promoting intergenerational learning for
  students and alumni
• Maintains sustainable development and pursues a
  community of shared values

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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.

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Aerial View
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