DEVELOPMENT OF WATERFRONT STATION PARCEL 1000 4TH STREET, SW DMPED - - PowerPoint PPT Presentation

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DEVELOPMENT OF WATERFRONT STATION PARCEL 1000 4TH STREET, SW DMPED - - PowerPoint PPT Presentation

May 14, 2023 229 likes •404 views

COMMUNITY PRESENTATION DEVELOPMENT OF WATERFRONT STATION PARCEL 1000 4TH STREET, SW DMPED SOLICITATION SEPTEMBER 10, 2015 Waterfront Station East, LLC WATERFRONT STATION EAST, LLC | 1280 MARYLAND AVENUE, SW | SUITE 280 | WASHINGTON, DC

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COMMUNITY PRESENTATION

DEVELOPMENT OF WATERFRONT STATION PARCEL

1000 4TH STREET, SW DMPED SOLICITATION SEPTEMBER 10, 2015

Waterfront Station East, LLC

WATERFRONT STATION EAST, LLC | 1280 MARYLAND AVENUE, SW | SUITE 280 | WASHINGTON, DC 20024 | (202) 552-5300

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WATERFRONT STATION EAST, LLC –

Development Team

▪ Republic Properties Corporation (CBE) ▪ Anacostia Economic Development Corporation (CBE)

Sponsors

▪ DP Partners ▪ WDG Architecture ▪ Balfour Beatty ▪ Lee & Associates ▪ Vika Capitol ▪ Symmetra Design ▪ Bozzuto Management ▪ Cohn Reznik ▪ Arent Fox ▪ Holland & Knight ▪ Klein Horning ▪ Papadopoulos Properties ▪ US Bank ▪ ReStl Designers

2 Waterfront Station East, LLC Redevelopment of Waterfront Station Parcel 1000 4th Street, SW | Square 542, Lot 822 September 10, 2015

Design and Professional Services

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Republic Properties Corporation

Creating Landmarks…

▪ Over 30 years of experience ▪ Full service real estate development firm focusing on institutional quality real estate ▪ Certified Business Enterprise ▪ DC-based and founded ▪ Republic has developed over 25 million sf with a value in excess of $5 billion ▪ Actively managing public-private partnerships ▪ Landmark DC Mixed-Use Projects:

  • Portals Complex in Southwest
  • Republic Square
  • Washington Harbour
  • Market Square
  • Georgetown Park

Development Partner

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Anacostia Economic Development Corporation (AEDC)

  • In operation since 1969
  • Founded to meet the overall economic needs, and improve

the qualify-of-life circumstances of DC residents

  • 40 years of major emphasis on housing development
  • History and Accomplishments:
  • Portals Project
  • Good Hope Shopping Center
  • AEDC Scholarship Foundation
  • DC Building Industry Association
  • Anacostia Gateway Office Building
  • Anacostia Business Improvement District

Co-Development Partner

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Southeastern View

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Superior Design -

An Attractive and Engaging Asset

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  • Residential entrance

located at the northwest corner along 4th Street to augment pedestrian activity

  • Retail oriented along

4th Street to create critical mass; capitalize and enhance existing stores

  • 4th Street also has

entrances to the Safeway and CVS and Metro

  • Parking and loading

access on the east side away from pedestrian, Metro and retail activities

  • Service street to be

used in cooperation with the neighboring Christ United Methodist Church as needed

  • Project mirrors the

adjacent Forest City

  • project. Maintains

symmetry.

Site Access & Connectivity

Waterfront Station East, LLC Redevelopment of Waterfront Station Parcel 1000 4th Street, SW | Square 542, Lot 822 September 10, 2015

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Project Concept and Development Plan

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▪ Complies with Approved Plan / First Stage PUD ▪ 378 total rental apartments ▪ 8,000sf of local-serving retail along 4th street ▪ Amenities: pool, green space, rooftop terrace, and BBQ area ▪ Two levels / 258 spaces of subgrade parking ▪ Bicycles and Zipcar parking

Waterfront Station East, LLC Redevelopment of Waterfront Station Parcel 1000 4th Street, SW | Square 542, Lot 822 September 10, 2015

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Ground Floor Plan

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Roof Plan

Waterfront Station East, LLC Redevelopment of Waterfront Station Parcel 1000 4th Street, SW | Square 542, Lot 822 September 10, 2015

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Amenity: Community Serving Retail

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  • 8,000sf of neighborhood serving retail located along 4th street
  • Designed for 4 bays of 2,000sf each
  • Focus is community retailers, not large national chain
  • Accommodates smaller “local/community oriented” retailers
  • Targeted uses include:
  • Bicycle shop
  • Yoga studio
  • Pet supplies
  • Plants and flowers
  • Gift/Stationary shop
  • Other neighborhood serving retail
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Amenity: Community Access

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  • Building contains amenity

space that can be utilized by community groups:

  • Courtyard space for

larger gatherings

  • Rooftop for small

gatherings

  • Coordinate with building

management and existing residents

  • Emphasis on being an

asset and contributor to the neighborhood

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Seamless Affordability

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  • 378 total units
  • Broad Mix: Studios, Junior 1-Bedrooms, 1-Bedrooms, 1-Bedroom & Den, 2

Bedrooms and 2-story walk-out Duplexes

  • Square footages up to 1,100 sf
  • Majority 1-Bedrooms; 22% 2-Bedrooms
  • 70% market rate units / 30% affordable dwelling units per DMPED

guidelines

  • Affordable units equally distributed throughout the building and

blended within each floor

Waterfront Station East, LLC Redevelopment of Waterfront Station Parcel 1000 4th Street, SW | Square 542, Lot 822 September 10, 2015

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Amenity: Return to Community

13 Waterfront Station East, LLC Redevelopment of Waterfront Station Parcel 1000 4th Street, SW | Square 542, Lot 822 September 10, 2015

  • The Waterfront Station project will create:
  • 360 total jobs
  • 320 construction and temporary jobs
  • 40 permanent, on-going jobs, including 32 restaurant/retail jobs and 8

residential management and maintenance jobs

  • We commit to First Source Agreement wherein, 51% or 190 of

those new jobs will be held by District Residents

  • Coordinate with the Office of Apprenticeship Programs and the DC

Apprenticeship Council to provide training to neighborhood residents

  • The training model includes:

 Outreach & Recruitment  Work Readiness & Literacy Training  Classroom Occupational Skills Training  Job Placement  Mentoring

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Community Outreach Letters

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Carrollsburg Condominium Christ United Methodist Church ANC 6D

Waterfront Station East, LLC Redevelopment of Waterfront Station Parcel 1000 4th Street, SW | Square 542, Lot 822 September 10, 2015

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Key Attributes of WSE Team

  • Experienced Developer-Owners
  • DC Centric Team with Track Record of Success
  • PUD Compliant to Accelerate Delivery of Housing
  • Attractive Architectural Design & Building Attributes
  • Integrates Affordable Housing throughout the building
  • New Neighborhood-Serving Retail on 4th Street
  • Focus on Sustainability and Sense of Permanence
  • Ensured Resident Training and Hiring Plan
  • 100% CBE Equity and Development Participation
  • Outreach and Community Benefits

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