HomeMy WebLinkAboutFacade Improvements - 73-740 El PaseoPALM DESERT REDEVELOPMENT AGENCY
STAFF REPORT
REQUEST: APPROVAL FOR REDEVELOPMENT ASSISTANCE TOTALING
$70,000 BY CHAPMAN ENTERPRISES, INC. FOR FACADE
IMPROVEMENTS TO A RETAIL BUILDING LOCATED AT 73-740
EL PASEO
SUBMITTED BY: JUSTIN MCCARTHY, ACM REDEVELOPMENT
DATE: MAY 13, 2004
CONTENTS: PHOTOS OF EXISTING BUILDING
ELEVATIONS OF NEW STOREFRONTS
Recommendation:
By Minute Motion, that the Agency Board:
1. approve the recommendation for redevelopment assistance in the
amount of $70,000 by Chapman Enterprises, Inc. for facade
improvements to a commercial building located at 73-740 El Paseo, and;
2. authorize the preparation of an Owner Participation Agreement.
Executive Summarv:
Approval of the request will assist Chapman Enterprises, Inc., new owners of a building
located at 73-740 El Paseo, with a complete facade renovation of both the front and back
entrances. Denial of the request will not allow with the assistance with the renovation of
the two facades.
Discussion:
Chapman Enterprises, Inc., owner of two men's apparel stores on El Paseo, Chapman &
Son and Michael Scott, recently purchased a building located at 73-740 El Paseo.
Chapman & Son has conducted business in the City of Palm Desert for 26 years, and 13
of those years have been on El Paseo. In addition, Chapman Enterprises, Inc., also
opened Michael Scott, another menswear store on El Paseo 10 years ago. Up until this
time, Chapman Enterprises, Inc. has always leased locations within the city.
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Staff Report
Approval for Redevelopment Assistance totaling $70,000 by Chapman Enterprises, Inc.
Page 2
May 13, 2004
Chapman Enterprises, Inc. now plans to rehabilitate this structure and relocate Chapman
& Son to the new location. Michael Scott will remain at its current location.
The new facility, 73-740 El Paseo, is much larger at 7,400 sq. ft., and will triple the size of
the current store. This will allow for an expansion of the store and hopefully increased
sales for one of the most successful menswear businesses on El Paseo. In addition, this
new location has remained vacant on El Paseo for more than three years since its previous
tenant, Comerford's Florist, went out of business.
The costs for renovating the facades are estimated at $200,000. In addition, there will be
an additional $75,000 of interior tenant improvements. Chapman Enterprises, Inc. is
currently working with local architects, Prest Vuksic, and has received approval on the
designs from the Architectural Review Commission.
Chapman Enterprises, Inc.'s initial request for funding was $150,000. This exceeds the
provisions of the Facade Enhancement Program, which would be limited $35,000 for this
size facility. However, the applicant requested that the funding for $150,000 be given
further consideration. Therefore, staff presented the request to the Retail Committee for
its review and direction. The Retail Committee took into consideration the size of the new
location, its extensive renovation, and the fact that there are two public entrances to the
building. The committee did not want to set a precedent for such a large sum for this size
building, but felt that the dual facade generated a need for additional funding. Since two
facades exist at the one location, the Retail Committee suggests Redevelopment Agency
assistance of $70,000, the equivalent of $35,000 for each facade. Staff concurs with the
Retail Committee and recommends to Agency Board that they approve funding of the
request in the amount of $70,000 and authorize staff to prepare an Owner Participation
Agreement. This agreement will be placed before the Agency for approval.
Submitted by: Approval:
cCarthy, ACMiRed*elopment Paul S. Gibson, Director of Finance
S. MWmh
Carlos L. `O a, City Manager
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CHAPMAN AND SON PROPOSED FACILITY
73-740 EL PASEO
PALM DE'SERT, CA
Facility Cost: $2)150,000
Estimate for Improvements (Vuksic): 500,000
Total Project Cost: 2)650,000
Agency Request for Assistance: 150,000
Ratio of Request/Project Cost: 6%
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