5151 WISCONSIN AVENUE NW A N C 3 E P R E S E N TAT I O N December - - PowerPoint PPT Presentation

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5151 WISCONSIN AVENUE NW A N C 3 E P R E S E N TAT I O N December - - PowerPoint PPT Presentation

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5151 WISCONSIN AVENUE NW A N C 3 E P R E S E N TAT I O N December 13, 2018 Presented by: Jad Donohoe 5151 Wisconsin Avenue NW PresentationDecember 13, 2018 AGENDA I. Donohoe Experience II. 5151 Today III. Re-development IV. How Do We

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5151 Wisconsin Avenue NW Presentation—December 13, 2018

A N C 3 E P R E S E N TAT I O N

5151 WISCONSIN AVENUE NW

December 13, 2018

Presented by: Jad Donohoe

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SLIDE 2

5151 Wisconsin Avenue NW Presentation—December 13, 2018

I. Donohoe Experience

  • II. 5151 Today
  • III. Re-development
  • IV. How Do We Get There?

AGENDA

AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE?

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5151 Wisconsin Avenue NW Presentation—December 13, 2018

  • Property management,

leasing and brokerage (offjce, industrial, retail), hotel and commercial investment sales

  • 9MM sf under

management and leasing

  • Hotel management and

consulting

  • Portfolio of 10 hotels in

the DC area (2,186 rooms)

  • 526 rooms currently

under development

  • Build all commercial

product types

  • Top 25 General

Contractors in the DC region

  • 81% of work volume is

third-party

  • Full-service real estate

development services

  • Developed landmarks:

Georgetown Park and Chevy Chase Pavilion

  • Facilities management,
  • perations & maintenance,

engineering, MEP service, and energy management

  • Federal and private

commercial contracts

  • 35MM sf under

management

THE DONOHOE COMPANIES

REAL ESTATE 1884 CONSTRUCTION 1955 DEVELOPMENT 1955 HOSPITALITY 1986 FACILITIES MANAGEMENT 1963

AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE?

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5151 Wisconsin Avenue NW Presentation—December 13, 2018

Chevy Chase Pavilion

1,000,000 sf Mixed-use/Hospitality/Offjce

Insignia on M (IOM)

330,000 sf Multifamily/Retail

Gallery of Bethesda

252,000 sf Multifamily/Retail

DONOHOE PROJECT EXPERIENCE

  • Tallest building in Friendship Heights, DC
  • Organized business owners and community residents

in favor of project as part of a lengthy Planned Unit Development (PUD) and public input process

  • Negotiated access to Friendship Heights Metro, elevator

easement and construction rights with WMATA

  • Coordinated extensive multi-jurisdictional right of way and

traffjc issues and permanent alley closure

  • Required a complex land assemblage, which included three sepa-

rate land purchases over ten years and several transfers of devel-

  • pment rights to achieve maximum density
  • Site reprogrammed from offjce to residential use in response to

market conditions

  • Required the purchase of Metro property, granting back easement

rights for the Metro station to remain

  • Coordinated with WMATA to build around and over the Navy Yard

Metro station and tunnel

  • First project completed in Montgomery County, Maryland to

utilize a new density transfer provision, allowing properties within a planning area to move density between sites to optimize the density and uses on site

  • Required the assemblage of eleven properties owned by eleven

difgerent property owners over fjve years

  • The fjrst LEED Gold, smoke-free building in Bethesda

AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE?

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5151 Wisconsin Avenue NW Presentation—December 13, 2018

AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE?

5151 NEIGHBORHOOD

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5151 Wisconsin Avenue NW Presentation—December 13, 2018

AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE?

5151 AERIAL VIEW Value in existing improvements, but

  • pportunity for change:
  • Aging Building
  • No Retail
  • Blank Walls
  • Narrow Sidewalks
  • 1.1ac Asphalt Lot
  • 8’ Brick Wall facing

Neighborhood

  • 705’ Tower
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5151 Wisconsin Avenue NW Presentation—December 13, 2018

AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE?

5151 SITE

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5151 Wisconsin Avenue NW Presentation—December 13, 2018

AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE?

100 YEARS OF TRANSIT

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5151 Wisconsin Avenue NW Presentation—December 13, 2018

RECENT PUD’S: DENSITY & HEIGHT

AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE?

TENLEYTOWN (0.25 mile radius) FRIENDSHIP HEIGHTS (0.25 mile radius)

  • 1. Babe’s (2013)

4.8 FAR; 71’ height

  • 2. 4620 Wisconsin (2018)

5.73 FAR; 88’4” height

  • 3. Dancing Crab (2019)

5.04 FAR; 80’ height

  • 4. 4301 Military (2003)

3.95 FAR; 78’9” height

  • 5. 5220 Wisconsin (2007; unbuilt)

5.25 FAR; 79’ height

  • 6. 5151 Wisconsin (2020; potential)
  • approx. 3.43 FAR; 70’ height

1 2 3 4 5 6

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5151 Wisconsin Avenue NW Presentation—December 13, 2018

VIEW FROM WISCONSIN BEFORE/AFTER

AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE?

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5151 Wisconsin Avenue NW Presentation—December 13, 2018

VIEW FROM 42ND BEFORE/AFTER

AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE?

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5151 Wisconsin Avenue NW Presentation—December 13, 2018

RE-DEVELOPMENT

310,000sf Mixed-use building:

  • 280 Apartment units
  • 17,000sf Retail
  • 230 Parking spaces

AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE?

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5151 Wisconsin Avenue NW Presentation—December 13, 2018

COMMUNITY BENEFITS

AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE?

Binding Community Benefjts to be Agreed During PUD Process. Benefjts may include:

  • Removal of 705’ tall tower, brick walls facing neighborhood, 1.1 acres of asphalt parking
  • Fresh building that engages with Wisconsin Avenue
  • 17,000 SF of new retail to neighborhood
  • 28+ Afgordable Housing Units
  • 25’ Sidewalk on Wisconsin – café seating opportunity, etc.
  • Improved compatibility with neighborhood
  • 30’ setback from curb on Garrison, Harrison, and 42nd St.
  • Pocket park opportunity at Wisconsin and Harrison
  • Fewer curb cuts, no RPP, and other benefjts TBD
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5151 Wisconsin Avenue NW Presentation—December 13, 2018

5151 ZONING Current Zoning:

  • Mixed Use (MU-4: by right 50’ height, 2.5 FAR)
  • Residential (R-2: by right 40’ height, efgective 1.2 FAR)

Potential Changes:

  • Consolidated PUD and related Map Amendment:
  • Mixed Use (MU-5-A: by right 65’ height, 3.5 FAR)
  • Residential (RA-1: by right 40’ height, 0.9 FAR)
  • Overall, requesting approximately 70’ height, 3.43 FAR
  • DC Comprehensive Plan change may be part of process

AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE?

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5151 Wisconsin Avenue NW Presentation—December 13, 2018

THANK YOU!

JAD DONOHOE / jadd@donohoe.com

AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE?