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

FEBRUARY 2017

2nd & H Parking Deck Transformation

AGENDA

I. Team Background 3

• II. Project Vision & Overview

6

• III. Community Benefits & Retail

18

• IV. Conclusion

21

• V. Appendix

23

Team Background

DESIGN & CONSTRUCTION

OVERVIEW OF CAPABILITIES

TEAM BACKGROUND

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

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DESIGN & CONSTRUCTION

OVERVIEW OF CAPABILITIES

TS DEVELOPMENT PROJECTS

Rockefeller Center New York, New York Built: 1930

9 million SF office redeveloped by Tishman Speyer in 1996 that includes a repositioning of the 224,000 SF of retail space on the concourse level.

Square 696 Washington, D.C Built: 2019

Phased 820 unit residential project, surrounded by an amenity base that is anchored by the Ballpark and Whole Foods.

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Pier 4 Boston, Massachusetts Boston Cons. Group HQ Luxury Condos

541,000 SF luxury mixed-use development located on the Boston Seaport waterfront.

Lumina San Francisco, California

Two-tower, 656-unit luxury condominium development

• verlooking San Francisco Bay.

Project Vision & Overview

DESIGN & CONSTRUCTION

OVERVIEW OF CAPABILITIES

Project Vision

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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 Create dynamic, mixed-use residential community in the center of four burgeoning D.C. Neighborhoods

DESIGN & CONSTRUCTION

OVERVIEW OF CAPABILITIES

Project Overview – North Site

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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

Ground floor diagram

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)

Recreational / Sports Courts, Dog Run Area, Landscaped Area

DESIGN & CONSTRUCTION

OVERVIEW OF CAPABILITIES

Basketball Court, Dog Run Area, Landscaped Area

Arts Market / Court

Arts Market

Community Event Space

Community Event Space

Retail Plaza

DESIGN & CONSTRUCTION

OVERVIEW OF CAPABILITIES

Public Space Case Study

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• 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
• ver 2.5 million visitors annually

Exterior Art Installation (Jeff Koons) Outdoor Ice Skating Rink Farmers’ Market Channel Gardens

DESIGN & CONSTRUCTION

OVERVIEW OF CAPABILITIES

Project Overview – South Site

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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

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

Community Benefits & Retail

DESIGN & CONSTRUCTION

OVERVIEW OF CAPABILITIES

Community Benefits

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Address the growing need for affordable housing Support and promote local businesses Add opportunity for artists to thrive Contributions to local non-profits, churches and schools

DESIGN & CONSTRUCTION

OVERVIEW OF CAPABILITIES

DEVELOPMENT VISION - RETAIL STRATEGY

PARKING DECK

• “Neighborhood engagement”
• 20,000 SF
• Infill of multiple submarkets
• Price conscious
• Large block possible

COBB PARK

• “CBD engagement”
• Transition from neighborhood to commercial
• Higher price point
• Small bay oriented

COFFEE SIT DOWN RESTAURANT LARGE BLOCK RETAILERS COSMETICS SPECIALTY FITNESS HIGH END SALON SPECIALTY STORES FAST CASUAL/SMALL FORMAT RESTAURANT

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CONCLUSION

DESIGN & CONSTRUCTION

OVERVIEW OF CAPABILITIES

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CONCLUSION

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

Appendix

DESIGN & CONSTRUCTION

OVERVIEW OF CAPABILITIES

24

Appendix

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