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HomeMy WebLinkAboutI. B. 2200 PARKS AVENUE PROPERTY UPDATE 2.4.2025MOCA Property 2200 Parks Avenue Emily Archer, Economic Development Deputy Director City Council Briefing February 4, 2025 2 Purpose •Review status of the MOCA Property at 2200 Parks Avenue •Land Use Constraints •Environmental Constraints •Maintenance Needs •Provide an overview of interest received to date •Seek direction on the future of the property The Virginia Museum of Contemporary Art (MOCA) is moving to a new facility at Virginia Wesleyan University in Q1 2026 2200 Parks Ave •Ownership: City of Virginia Beach •Lessee: MOCA until April 30, 2025 •Property: 9.6 Acres •Building: 38,500 SF •Year Constructed: 1989 •Assessed Value: $7,146,200 •Zoned: P-1 (Preservation) •Noise Zone: 70-75 db •City Council District: 6 Virginia Beach Convention Center 3 4 2200 Parks Ave - Land Use •P-1 Preservation District Zoning does not permit residential, commercial, lodging or offices uses. •A rezoning could permit more land uses such as: •Business, offices and clinics •Eating and drinking establishments •Museums and art galleries •Public buildings/offices •Retail establishments •The following uses will not be prohibited due to 70-75 db noise zone: •Residential •Lodging •Public assembly 2200 Parks Ave – Environmental •Property within a flood hazard zone •Approximately 33% of the property (3.3 acres) contains wetlands •Approximately 37% of the property (3.5 acres) is within the 100-foot of the Chesapeake Bay resource protection area: •Increase in impervious cover or further encroachment into this area will not be permitted 100-yr Flood Zone 500-yr Flood Zone 5 6 2200 Parks Ave – Maintenance •City is currently responsible for the building and ground maintenance as well as certain utilities •The Tenant is currently responsible for some utilities, furnishings, and art collections Current City Maintenance Items Annual Costs Routine Facility Maintenance $ 20,111 Utilities (all City and MOCA paid)$170,248 HVAC Contract Maintenance $18,936 Landscape Maintenance $40,000 TOTAL $209,296 Capital Maintenance Items Estimated Costs Windows and Doors Replacement $ 711,614 10-yr Roof Warranty Renewal $195,000 TOTAL $906,614 2200 Parks Ave – Interest Received •Several non-profit proposals received: •A museum •A theater •City CIP# 100062, The Central Resort District Drainage Improvements has preliminarily identified the need to reclaim portions of the property for stormwater storage and future flood reduction 7 Alternatives for Consideration A.Proceed with one of the inquiries received B.Issue an RFP/RFI C.Pause further action until the conclusion of Central Beach Small Area Plan and/or further progress on the Central Resort Drainage Improvements D.Other as directed 8