WWW.CHRISTADEVELOPMENT.COM Developing a World of Opportunities A r e a l e s t a t e d e v e l o p m e n t c o m p a n y 1
w w w . c h r i s t a d e v e l o p m e n t . c o m TABLE OF CONTENTS Meet Dave Christa Highlighted Projects About Christa Development Contact Us 03 30 05 32 04 31 06 33 34 Multi-Family Completed Development Hospitality Completed Development Office Completed Development Student Housing Completed Development General/Mixed-use Completed Development 35 Land Development CDC / CCI History 37 2
Meet Dave Christa Mr. Christa is the founder of Christa Development responsible for the general oversight of the firm and oversees the activities from design through construction. He supports the team in identifying new real estate opportunities as well as facilitating overall company growth. An entrepreneur who has started and built a number of businesses infused in the real estate industry from construction, construction management to development. Mr. Christa has over 40 years of general real estate experience encompassing development, financing, management and sales with a focus on New York and Florida. He has participated in substantial projects within the residential, commercial, private, and retail sectors. Mr. Christa’s passion to assist organizations that uplift children with mental and physical disabilities has afforded him placement on general boards such as Co-chair of the Golisano Childrens Hospital emeritus, Mary Cariola Center, Make a wish Foundation, Camp Good Days and Special Times and Pirates Toy Funds. Over the years he has been a part of the Builders Exchange of Rochester, The Greater Rochester Enterprise, The Rochester Police Foundation, Rochester Downtown Development Corp, New York State Troopers, and a Nazareth College board member. 3
w w w . c h r i s t a d e v e l o p m e n t . c o m CHRISTA DEVELOPMENT Christa Development Corporation (CDC), founded in 1989, is a full-service real estate development firm including project sourcing, entitlement, design, financing, and construction management. Founder David Christa has a $6 billion history in construction / real estate development experience. Christa Development has developed and has in development over $750 million of projects in the last four years. In the last two years, Christa Development’s expansion into the Florida market has been established by acquiring land planned for over 2,400 units. The early success of multiple projects (detailed on the following pages) is the blueprint for future project execution. 4
CDC / CCI HISTORY 5
In Construction 311 N. Newport Ave. University of Tampa 150 Units | 576 Beds 1.82 Acres 6
Executive Summary 7 311 N. Newport is a 1.82-acre student housing development opportunity entitled for 150 units and 576 beds in an eight-story mid-rise configuration with 303 structured parking spaces. Located directly behind the University of Tampa, 311 N. Newport will be the premier, pedestrian student housing community serving the University of Tampa and walking distance to the heart of Tampa nightlife on South Howard. This turnkey development will offer a mix of two, three, four, and sixbedroom floorplans all with bed to bath parity. Class A+ amenities include state of the art fitness center, third floor pool facing the university, volleyball court, outdoor lounge and grille stations, and a rooftop lounge looking over campus. Each fully furnished unit will include granite countertops, stainless steel appliances, luxury plank flooring, and private bedrooms and bathrooms. Ownership has received all approvals necessary including a complete set of 100% construction drawings by Gensler including a fully negotiated GMP contract with Verdex allowing new ownership to pay for the permits and immediately break ground. Peak Management has provided a Year 1 Operating budget and a nationally recognized construction management team is in place for immediate execution. Record Fall Enrollment 10,794 YoY Enrollment Growth 12.4% Students in Need of Housing 5,600 Proximity to Campus 0.1 miles Annual UT Tuition $31,274 The University of Tampa enrolled 10,794 students for Fall 2021 with over 35,000 students applying for AY 2021/22. UT achieved 12.4% year over year growth and has grown an astounding 39% since 2014. Currently, UT is under an extreme housing need with enrollment ballooning for Fall 2021 requiring the university to offer deferrals to students (including a $3,500 annual tuition credit) due to the lack of available student housing in the area. UT provides 4,500 beds across 12 residence halls and the off-campus Barrymore Hotel (university partnership). The three purpose-built, off-campus student housing communities offer a combined 709 beds, leaving nearly 5,600 students in need of housing. UT has consistently ranked as one of the nations best 387 institutions for undergraduate education by The Princeton Review, a top tier Regional University by US News & World Report, and one of America’s Top Colleges by Forbes. As a private university with annual tuition of $31,274, University of Tampa attracts a highly affluent student base seeking a top education at one of the premier universities in the nation. Highlights
Units Total Development Cost Project Completion 150 units 576 beds $112M May 2024 w w w . c h r i s t a d e v e l o p m e n t . c o m PROJECT: TAMPA STUDENT HOUSING 8
9 In Design and Construction University of Florida at Gainesville 775 Beds
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Adjacent to the University of Florida, the four-story Project features a standard unit mix for a traditional Class A student housing development. There will be 12 studio units, 16 1-bed/1- bath units, 32 2-beds/2-bath units, 72 4-bed/4-bath units, 62 5-bed/5-bath units and 16 4- bed/-4bath townhomes. Each floorplan has bed/bath parity, which is a highly sought after layout in today’s market. Amenities include but are not limited to collaborative space, a café’ area, lounge space, zoom rooms, conference rooms, and a business center. Units Total Development Cost Project Completion 775 beds $82M Fall 2025 w w w . c h r i s t a d e v e l o p m e n t . c o m PROJECT: GAINESVILLE APARTMENTS and TOWNHOMES GAINSVILLE APARTMENTS AND TOWNHOMES ; GAINESVILLE, FL 11
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Units and Beds Total Development Cost Project Completion 215/687 $52,600,000 August 2017 w w w . c h r i s t a d e v e l o p m e n t . c o m PROJECT: THE LODGE The Lodge was constructed as a luxury off-campus student housing community serving residents of Rochester Institute of Technology (RIT). Residents can choose from apartment, townhome, or cottage style units with a variety of floorplans. Amenities include student lounge, fitness center, pool/hot tub, study areas, furnished units, and top-of-the-line high speed internet service. 4255 E. River Rd. West Henrietta, NY 14586 13
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Units and Beds Total Development Cost Project Completion 183 Units 362 Beds $37M July 2019 w w w . c h r i s t a d e v e l o p m e n t . c o m PROJECT: THE HILL The Hill was a value-add acquisition and redevelopment of a 99-unit apartment building. Originally built in the 1960s to serve the work-force at a Kodak Global Sales office, it was later purchased by RIT. CDC purchased and renovated 99 units and constructed another 82 units to serve the RIT off-campus market. The project was 100% pre-leased prior to construction completion and under contract for sale before opening date. 20-24 Fairwood Dr. Rochester, NY 14623 15
w w w . c h r i s t a d e v e l o p m e n t . c o m PAGE 04 THE SAGAMORE ON EAST 16
Units Total Development Cost Project Completion 23 Residential units 14,000 Sq Ft Office 10,000 Sq Ft Retail $35M Spring 2013 w w w . c h r i s t a d e v e l o p m e n t . c o m PROJECT: THE SAGAMORE ON EAST 17
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Units Total Development Cost Project Completion 270 $54M April 2021 w w w . c h r i s t a d e v e l o p m e n t . c o m PROJECT: WINDING CREEK Winding Creek Apartments is a suburban luxury market rate community serving residents of the Rochester area. Residents enjoy modern community amenities such as a pool/sundeck, elevators, clubhouse with fitness center and recreation room, and a business center. The project is currently completing construction for the Spring 2022 leasing season. Completed phases are stabilized or leasing up on schedule. 1017 Waverton Cir. Webster, NY 14580 19
w w w . c h r i s t a d e v e l o p m e n t . c o m GLASCO HOUSING 20
Units Total Development Cost Project Completion 160 units $42M Fall 2023 w w w . c h r i s t a d e v e l o p m e n t . c o m PROJECT: GLASCO HOUSING Glasco Housing is a suburban luxury market rate community serving residents of the Albany area. Residents enjoy modern community amenities such as a pool/sundeck, elevators, clubhouse with fitness center and recreation room, and a business center. Completed phases are stabilized or leasing up on schedule. Glasco Housing ; Saugerties, NY 21
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Units Total Development Cost Project Completion 382 units 1250 beds $111M Summer 2021 w w w . c h r i s t a d e v e l o p m e n t . c o m PROJECT: APEX APARTMENTS At Apex, you’re not just getting an apartment. You’re joining a community with all the space and amenities you need to get the most from your college experience. Amenities span from and E-Sports Arena, Virtual Reality Studio, Electric Car Charing Stations, Dual Hot Tubs – open year-round, Ingenuity labs with Macs and Printing Stations and Pet-Friendly w/ on-site pet spa. Apex Apartments ; Henrietta, NY 23
w w w . c h r i s t a d e v e l o p m e n t . c o m LOCK 7 APARTMENTS Workforce Housing 24
Units Total Development Cost Project Completion 80 units $27M Fall 2022 w w w . c h r i s t a d e v e l o p m e n t . c o m PROJECT: LOCK 7 APARTMENTS WORKFORCE, RETURNING VETERANS Designed for Workforce and returning Veterans, Lock 7 is located in a residential area close to downtown. The community includes a mix of studio, one-, and two-bedroom affordable apartments. The project includes administrative spaces, a central community room, fitness center, and an exterior deck. Residential amenities include a lower-level parking garage, laundry facilities, a community room, and lounges. Lock 7 Apartments ; Oswego, NY 25
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Units Total Development Cost Project Completion 360 units $77M Summer 2024 w w w . c h r i s t a d e v e l o p m e n t . c o m PROJECT: EDGEWATER APARTMENTS AND TOWNHOMES Edgewater Apartments & Townhomes, a residential community featuring one-, two-, and threebedroom apartments in West Henrietta, NY. Amenities include a clubhouse, resort style pool, fitness center, BBQ Community areas, Stylish kitchens, coworking space and a dog park. EDGEWATER APARTMENTS AND TOWNHOMES ; W. HENRIETTA, NY 27
w w w . c h r i s t a d e v e l o p m e n t . c o m FRONTIER FIELD 28
Units Total Development Cost Project Completion $33M w w w . c h r i s t a d e v e l o p m e n t . c o m PROJECT: FRONTIER FIELD/ INNOVATIVE FIELD N/A Spring 1997 Project Renovation Summer 2024 Total Renovation Cost $32M 29
Whitaker Lofts - Sarasota, Florida Qualified Opportunity Zone MULTI-FAMILY HOUSING Edgewater Townhomes and AptW. Henrietta, NY Glasco Housing – Saugerties, NY Lock 7 Apartments – Oswego, NY Winding Creek – Webster, NY Wambach Workforce Housing – Irondequoit, NY Other Multi-family Housing: Fort Meyers, FL Geneva Country Club, Geneva, NY Venice, FL Victor Senior Housing, Victor, NY Cranberry Housing, Pittsburgh, PA 30
Hyatt Hotel – Rochester, NY HOSPITALITY Strathallan Hotel and SpaRochester, NY Hampton Inn and Suites – Webster, NY Homewood SuitesVictor, NY Holiday Inn and SuitesVictor, NY Fairfield Inn & SuitesPittsford, NY 31
Corporate Crossing – Penfield, NY OFFICE DEVELOPMENT 1221-1241 Pittsford-Victor RoadPenfield, NY 600 East Avenue – Rochester, NY Victor Heights Corporate Park – Victor, NY Johnson Controls – Victor, NY 1200 - 1212 Pittsford- Victor Road – Penfield, NY 32
The Lodge – Henrietta, NY STUDENT HOUSING APEX– Rochester, NY The Hill – Rochester, NY Apella - Tampa, FL Gainesville, FL 33
Life StorageWebster, NY GENERAL / MIX-USE Winton PlaceRochester, NY Westmar Plaza – Gates, NY One Eleven – Penn Yan, NY The Sagamore – Rochester, NY Frontier Field – Rochester, NY 34
• 269 Lots for Ryan Homes / NVR Land Development 35
• 35 Lots for Ryan Homes / NVR Land Development 36
Developing a World of opportunities A r e a l e s t a t e d e v e l o p m e n t c o m p a n y Contact: Dave Christa (585) 469-8527 Email: [email protected] 37