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To: Dan Zack May 7.A. - Page 13 <br /> Subject: Developer Proposals <br /> Is the developer highly experienced with the proposed uses, the proposed <br /> building type, and operating in a Downtown setting? <br /> ■ Hunter Storm <br /> - Yes <br /> ■ Lowe Enterprises <br /> - Yes <br /> Development Cost and Financing Summary of Other Projects <br /> ■ Hunter Storm (partial list) <br /> - Developed @First in San Jose: <br /> 1 million sf retail, office (562k s� and hotel =$350 million. Financed with <br /> equity and debt. Office cost was $200 m and 100% funded with equity. <br /> Lenders were Wells and Comerica Bank. <br /> - Redwood City Tech Station: <br /> 98k of office. $31 million with Hunter providing $9 million of equity and $22 <br /> million of debt. <br /> - University Station in Santa Clara, Old Town Los Gatos, and Civic Park <br /> Cupertino. <br /> - Hunter Storm and Kilroy have developed more than 14 projects in Redwood <br /> City. <br /> ■ BPR Properties (partial list) <br /> - Company operates 1,000 hotel rooms. Company develops, owns, and <br /> operates all of its assets. <br /> - Hotel Shattuck in Berkeley (199 rooms): <br /> $26 million renovation <br /> - Holiday Inn Express in Santa Cruz (100 rooms): <br /> New construction $14 million <br /> - Crown Plaza Cabana in Palo Alto (195 rooms): <br /> $20 million renovation <br /> Page 2 of 8 <br />