F ORT IS Par c e l 42 T he F ORT I S Co mpa nie s, in c o - PDF document

F ORT IS – Par c e l 42 T he F ORT I S Co mpa nie s, in c o njunc tio n with R2L :Arc hite c ts a nd K e ttle r Ma na g e me nt, a ppre c ia te s the o ppo rtunity to re spo nd to the RF P fo r this e xc iting pro je c t a t Pa rc e l 42 (the “Pro je c t” o r “Pa rc e l 42”). Our proposa l e nvisions a n e ig ht- story mixe d- use proje c t fe a turing 197 mic ro- unit a pa rtme nts, 7,500 squa re fe e t of g round- le ve l re ta il, 35 be low g ra de pa rking spa c e s, a nd a public pa rk/ a rt insta lla tion in the a dja c e nt sma ll tria ng ula r lot (L ot 803). E xpa nding upo n the uniq ue de sig n c ha ra c te ristic s o f the Sha w L ib ra ry, we e nvisio n Pa rc e l 42 a s a sig na ture g a te wa y to the a rts, e nte rta inme nt a nd ric h histo ry o f the Sha w ne ig hb o rho o d . Our L E E D Go ld de sig n will fe a ture ne ig hb o rho o d-e nha nc ing re ta il a nd so phistic a te d, ye t a ffo rda b le , re side ntia l units. T he Pro je c t’ s e ffic ie ntly-de sig ne d units (a ve ra g ing a ppro xima te ly 400 sf) a nd tho ug htful a me nity spa c e a llo w us to re a c h a mo re re a so na b le pric e po int fo r the Distric t’ s middle -inc o me Mille nnia ls inc luding yo ung pro fe ssio na ls a nd the wo rking a nd c re a tive c la sse s. Our ta rg e t mo nthly re nt fo r o ur ma rke t units will b e a ppro xima te ly 20% b e lo w a sking re nts fo r c o mpa ra b le b uilding s in Sha w a nd L o g a n Circ le . I n a dditio n to o ur lo we r-pric e -po int ma rke t units, we will inc lude 60 de dic a te d a fforda ble units a t 30% - 50% AMI re pre se nting mo re tha n 30% o f the re side ntia l units in the b uilding . F o r the re ta il c o mpo ne nt o f the Pro je c t, we ha ve ide ntifie d Distric t-b a se d b usine sse s tha t wo uld invig o ra te this impo rta nt c o rne r. We ha ve se c ure d L e tte rs o f I nte re st fro m thre e po te ntia l re ta il pa rtne rs fo r Pa rc e l 42 tha t inc lude a lo c a l ha rdwa re sto re , a fitne ss/ he a lth c lub , a nd a g o urme t ma rke t. I n a dditio n, o ur pro p o sa l inc lude s funds to spo nso r a po c ke t-pa rk de sig n c o mpe titio n thro ug h Ho wa rd Unive rsity’ s Sc ho o l o f Arc hite c ture fo r the a dja c e nt tria ng ula r lo t (L o t 803). Pa rk de sig n re q uire me nts wo uld inc lude unre stric te d c o mmunity a c c e ss, sto rmwa te r ma na g e me nt e le me nts a nd o ppo rtunitie s fo r a rt insta lla tio ns tha t re fle c t the histo ry a nd c ulture o f Sha w. At Pa rc e l 42, we hope to c ombine a fforda ble , sma rt- de nsity, with hig h qua lity de sig n to invig ora te this importa nt ne ig hborhood c orne r.

P ARCE L 42 Pr e se ntation to the Shaw Community Apr il 2016

T he Pa rc e l 42 T e a m Q UAL IONS & IF ICAT E XPE RIE NCE  We ha ve a sse mb le d a n e xpe rie nc e d te a m of industry profe ssiona ls tha t a re c ommitte d to a c hie ving a suc c e ssful de ve lopme nt fo r the Sha w c o mmunity COMPANY DC- BASE D CBE De ve lopme nt T e a m De sig n T e a m Ope ra tions & Prope rty Ma na g e me nt L e g a l Counse l F ina nc ia l Pa rtne r T e na nt Pa rtne rs Re ta il L e a sing Pa rtne r Pa rc e l 42 F ORT I S, R2L & Ke ttle r Ma na g e me nt 2

F ORT I S’ Qua lific a tio ns & E xpe rie nc e Q UAL IONS & IF ICAT E XPE RIE NCE  F ORT I S is a Wa shing to n, DC b a se d re a l e sta te de ve lo pme nt a nd inve stme nt c o mpa ny tha t is fo c use d o n c re a ting e xc e ptio na l re side ntia l a nd mixe d-use pro je c ts  With c o mb ine d e xpe rie nc e o f ove r 30 ye a rs , the F ORT I S te a m ha s b uilt more tha n 2,500 multifa mily units in the DC re g io n with a c o mb ine d va lue in e xc e ss of $800 million  Be lo w a re se le c te d c urre nt a nd prio r pro je c ts de ve lo pe d b y F ORT I S’ princ ipa ls: 1628 11 th St, NW Zoso F la ts T he Otis Pullma n Pla c e L oc ation Arling to n, VA Co lumbia He ig hts NOMA / H Stre e t L o g a n Circ le 114 units Prog ra m 27 units 42 units 32 units 23,000 sf re ta il De live ry Da te 2008 2014 2016 2017 Pa rc e l 42 F ORT I S, R2L & Ke ttle r Ma na g e me nt 3

R2L ’ s Qua lific a tio ns & E xpe rie nc e Q UAL IONS & IF ICAT E XPE RIE NCE  R2L is a Wa shing to n, DC b a se d de sig n firm spe c ia lizing in multifa mily re side ntia l a nd mixe d-use , tra nsit-o rie nte d de ve lo pme nt  R2L is c urre ntly de sig ning nume ro us multifa mily pro je c ts in the Distric t, thro ug ho ut the Wa shing to n me tro po lita n a re a , a nd a c ro ss the US So uthe a st re g io n  Be lo w a re se le c te d c urre nt a nd prio r pro je c ts de sig ne d b y R2L : 82 E ye Stre e t 450K 2101 Cha mpla in E le me nt 28 L oc ation Ca pito l Rive rfro nt Mo unt Ve rno n T ria ng le Ada ms Mo rg a n / Dupo nt Be the sda , MD 233 units 220 units 132 units 101 units Prog ra m 7,000 SF o f re ta il De live ry Da te 2016 2014 2017 2016 Pa rc e l 42 F ORT I S, R2L & Ke ttle r Ma na g e me nt 4

Our Visio n fo r Pa rc e l 42 P ROJE CT & D E SIGN V ISION  At Pa rc e l 42, we ho pe to c re a te a g a te wa y to the a rts, e nte rta inme nt a nd ric h history of the Sha w ne ig hborhood thro ug h time le ss de sig n a nd thoug htful prog ra mming his Pro je c t will solidify 7 th Stre e t a s a prima ry c omme rc ia l a nd re side ntia l c orridor in the Distric t  T KE Y F ACT S Signatur e Ar c hite c tur al De sign Building 111,000 GSF A F oc us on Affor dability thr ough a Unique Pr oduc t T ype Re side ntia l 197 Units Ne ighbor hood E nhanc ing Re tail Ma rke t 137 Units De sign Compe tition for Public Par k / Ar t Installation Affo rda b le 60 Units Vibr ant Str e e tsc ape s and T houghtful L andsc aping Re ta il (SF ) 7,500 SF E nvir onme ntal Sustainability thr ough L E E D Gold De sign Pa rking 35 Spa c e s Public 1,700 SF Inve stme nt in the Community Spa c e Pa rk Pa rc e l 42 F ORT I S, R2L & Ke ttle r Ma na g e me nt 5

Sig na ture Arc hite c tura l De sig n P ROJE CT & D E SIGN V ISION  Mo de rn a e sthe tic tha t ta ke s c ue s fro m histo ry o f DC a pa rtme nt ho use s  De sig ne d to e nha nc e a nd fra me the Sha w L ibra ry  Me ta llic a nd g re ysc a le c o lo r pa le tte  Use o f me ta l sc re e ns a nd c orrug a te d me ta l pa ne ls  Ba y windows to c re a te sha do ws a nd vo lume  Gla ss ba se to ma ximize c o nne c tivity o f re ta il spa c e with the stre e tsc a pe  Pa rking a nd a c c e ss fro m a lle y se c tion of 7 th Str Inte r e e t and Rhode Island Ave nue Pa rc e l 42 F ORT I S, R2L & Ke ttle r Ma na g e me nt 6

Sig na ture Arc hite c tura l De sig n (c o nt.) P ROJE CT & D E SIGN V ISION L ooking Nor th E ast fr om R Str e e t Pa rc e l 42 F ORT I S, R2L & Ke ttle r Ma na g e me nt 7

Sig na ture Arc hite c tura l De sig n (c o nt.) P ROJE CT & D E SIGN V ISION om 7 th Str L ooking E ast fr e e t Pa rc e l 42 F ORT I S, R2L & Ke ttle r Ma na g e me nt 8

“Cla ss A” Affo rda b le Alte rna tive D E VE L OPME NT P ROGRAM  Re side ntia l c o mpo ne nt fe a ture s e ffic ie ntly- de sig ne d, mic ro- unit a pa rtme nts with sophistic a te d c ommuna l loung e s a nd Cla ss A building a me nitie s  I nno va tive unit la yo uts ma inta in o pe n spa c e b y utilizing de sig n fe a ture s tha t ma ximize usa g e a nd fe e l  T a rg e t re nt o n ma rke t units will b e ~20% be low a sking r e nts for c ompa ra ble building s in Sha w a nd L og a n Circ le  Mic ro -unit b uilding s ha ve b e e n ve ry suc c e ssful in DC a nd ha ve ma ny be ne fits to the c ommunity:  Ac hie ve s a fforda bility fo r the Distric t’ s yo ung , c re a tive a nd wo rking c la ss re side nts se e king a live -wo rk-pla y life style  F re e s up fa mily- size d housing in the c o mmunity tha t is o c c upie d b y “ro o mma te re nte rs”  Sma rt de nsity a ro und pub lic tra nspo rta tio n re duc e s stre sse s on c ritic a l infra struc ture  Mic ro -units a re NOTa ne w type of housing – we a re simply ta king a dva nta g e o f a dva nc e s in te c hno lo g y a nd inte rio r de sig n to me e t de ma nd a t a mo re a ffo rda b le pric e po int I llustrative Po te ntia l Unit L a yo uts Pa rc e l 42 F ORT I S, R2L & Ke ttle r Ma na g e me nt 9

Ne ig hb o rho o d E nha nc ing Re ta il D E VE L OPME NT P ROGRAM of g round le ve l re ta il fa c ing 7 th Stre e t a nd R Stre e t  Our de sig n inc lude s a ppro xima te ly 7,500 SF  We ha ve se c ure d le tte rs of inte re st from thre e pote ntia l re ta il pa rtne rs – Ac e Ha rdwa re DC, MI NT He a lth Club & Spa , a nd Ro dma n’ s Disc o unt Go urme t  Our pa rtne rs a re Distric t- ba se d re ta ile rs tha t fill pa rtic ula r unde rse rve d re ta il ne e ds o f the Sha w c o mmunity  T he se b usine sse s c re a te a da ytime dra w a nd spur pe de stria n a c tivity o n this impo rta nt ne ig hb o rho o d c o rne r  We will re ly o n c ommunity input to e nsure the re ta il me e ts YOUR ne e ds a nd de sire s Pa rc e l 42 F ORT I S, R2L & Ke ttle r Ma na g e me nt 10