2nd & H Parking Deck Transformation FEBRUARY 2017 AGENDA I. - PowerPoint PPT Presentation

2nd & H Parking Deck Transformation FEBRUARY 2017

AGENDA I. Team Background 3 II. Project Vision & Overview 6 III. Community Benefits & Retail 18 IV. Conclusion 21 V. Appendix 23

Team Background

TEAM BACKGROUND DESIGN & CONSTRUCTION OVERVIEW OF CAPABILITIES TISHMAN SPEYER (Lead Developer, Capital) • Acquired, repositioned, developed and operated over $80.2 billion of property across the United States, Europe, Latin America, India and China • Founded in 1978, currently 19 regional offices supported by over 100 property and project offices in 30 markets across the globe • Delivered over 5,000 residential units, with 7,900 units in pipeline THORON CAPITAL (CBE, Local Developer) • Active in real estate development in Washington, D.C for over ten years • Executed over $400 million in successful development and investment transactions • Network of partners that includes world-class institutions, such as Georgetown University and major cities including the District of Columbia, New Orleans, and Los Angeles HANDEL ARCHITECTS (Architect) • Founded on the principle that large-scale, mixed-use buildings can enrich the urban experience and be drivers of economic development • 150+ architects, interior designers, planners, and support staff working on projects globally from offices in New York City, San Francisco, and Hong Kong • Internationally recognized projects include the National September 11 Memorial in New York City, and The Ritz-Carlton Hotel in D.C. DAVIS (General Contractor) • Provides comprehensive general contracting services, including construction management, preconstruction and design-build expertise • Extensive residential project experience in Washington, D.C., including Waterfront station, Washington Canal Park, and West End 25 4

TS DEVELOPMENT PROJECTS DESIGN & CONSTRUCTION OVERVIEW OF CAPABILITIES Rockefeller Center Pier 4 New York, New York Boston, Massachusetts Built: 1930 Boston Cons. Group HQ Luxury Condos 9 million SF office redeveloped by Tishman Speyer in 1996 that 541,000 SF luxury mixed-use includes a repositioning of the development located on the Boston 224,000 SF of retail space on the Seaport waterfront. concourse level. Lumina Square 696 Washington, D.C San Francisco, California Built: 2019 Two-tower, 656-unit luxury condominium development Phased 820 unit residential project, overlooking San Francisco Bay. surrounded by an amenity base that is anchored by the Ballpark and Whole Foods. 5

Project Vision & Overview

Project Vision DESIGN & CONSTRUCTION OVERVIEW OF CAPABILITIES Create dynamic, mixed-use residential community in the center of four burgeoning D.C. Neighborhoods Parking Deck Opportunity and Challenges • Infill underutilized / blighted sight • Concerns with: structural capacity, lower level ownership, vehicular access • DMPED encourages use of nearby parcels Cobb Park Opportunity and Challenges • Higher value location with less structural concerns • Limited scale for community use • Surrounded by major thoroughfares SOLUTION: Leverage better located, lower risk parcel for vertical development; Relocate park / community uses to larger site 7

Project Overview – North Site DESIGN & CONSTRUCTION OVERVIEW OF CAPABILITIES COMMUNITY GOALS - Recreational/ Sports Area - Playground and Pet Exercise / Relief Zones - Landscaped Public Commons - Arts Market - Community Event Space - Large Box Retail (i.e. grocer) Parking Deck - North Site Retail / Food Store 19,740 sf Community / Event Space 3,000 sf Arts Building 1 3,400 sf Arts Building 2 3,400 sf Total Enclosed Area 29,540 sf 8 Ground floor diagram

Recreational / Sports Courts, Dog Run Area, Landscaped Area

Basketball Court, Dog Run Area, Landscaped Area DESIGN & CONSTRUCTION OVERVIEW OF CAPABILITIES

Arts Market / Court

Arts Market

Community Event Space

Community Event Space

Retail Plaza

Public Space Case Study DESIGN & CONSTRUCTION OVERVIEW OF CAPABILITIES • Rockefeller Center: Approximately 8.8 million SF, including 600,000 SF of retail across 115 retail stores and dining venues Following acquisition, Tishman Speyer executed a retail repositioning: • Retail: Renovated retail storefronts and upgraded tenant mix with retailers such as Blue Bottle, Lego, Bouchon Bakery, Michael Kors and Anthropologie • Outdoor Plazas: Pedestrianized previous roadways to establish public space and curated event schedule to activate space and drive foot traffic • Top of the Rock Observation Deck: Redeveloped observation deck, which now attracts over 2.5 million visitors annually Channel Gardens 16 Farmers’ Market Exterior Art Installation (Jeff Koons) Outdoor Ice Skating Rink

Project Overview – South Site DESIGN & CONSTRUCTION OVERVIEW OF CAPABILITIES RESIDENTIAL GOALS - Balance densification with design - Create highly amenitized private residential space - Support pedestrian experience with at grade, small bay retail - Maximize light / air on narrow streets - Leverage view corridors Cobb Park - South Site Structure High-Rise (Concrete) Stories 13 Building GSF 373,900 sf Market Rate Units 269 units Affordable Units 115 units (avg 60% AMI) Retail (sf) 20,000+ sf possible 17

Community Benefits & Retail

Community Benefits DESIGN & CONSTRUCTION OVERVIEW OF CAPABILITIES Support and promote local businesses Contributions to local non-profits, churches and schools 19 Address the growing need for affordable housing Add opportunity for artists to thrive

DEVELOPMENT VISION - RETAIL STRATEGY DESIGN & CONSTRUCTION OVERVIEW OF CAPABILITIES PARKING DECK LARGE BLOCK RETAILERS • “Neighborhood engagement” • 20,000 SF • Infill of multiple submarkets • Price conscious COSMETICS SPECIALTY FITNESS • Large block possible COBB PARK • “CBD engagement” • Transition from neighborhood to commercial SPECIALTY STORES HIGH END SALON • Higher price point • Small bay oriented SIT DOWN RESTAURANT COFFEE FAST CASUAL/SMALL FORMAT RESTAURANT 20

CONCLUSION

CONCLUSION DESIGN & CONSTRUCTION OVERVIEW OF CAPABILITIES Highlights • Opportunity to activate an infill site that incorporates the goals of the community • Pedestrian friendly environment with the incorporation of a new park and neighborhood serving retail • Affordable housing to meet the needs of projected job and population growth • Architectural design that establishes a signature gateway in the heart of the Mt. Vernon Triangle neighborhood Why Tishman Speyer / Thoron? • Meet and exceed DMPED and community goals • Financial wherewithal and committed long-term funding plan • Experience leading complex, mixed use development projects • Maximizing community benefits • Well rounded local project team with global expertise 22

Appendix

Appendix DESIGN & CONSTRUCTION OVERVIEW OF CAPABILITIES Lidl Store Image - http://www.irishtimes.com/business/commercial-property/lidl-ups-competition-as-it-plans-to-open-60- additional-stores-1.2160211 Affordable Housing Image - http://www.notorious-rob.com/2016/04/in-which-i-propose-an-affordable-housing-solution/ Non-Profit Image - http://www.vocationvillage.com/seattle-nonprofit/ Blind Whino Image- http://www.blindwhino.org/ ACREATIVEDC Image- http://www.fotodc.org/events/2015/11/9/instagram-strategies-for-everyone-with-a-creative-dc Public Art Image - https://news.artnet.com/market/spring-public-art-preview-new-york-327078 Whole Foods Image - http://www.mytotalretail.com/article/whole-foods-invests-instacart/ Playground Image - http://heiwx.com/575244-playground.html 24