Parcel 42 8 Stories, Mixed-Income, Mixed Use 99 rental apartments, - - PDF document

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Parcel 42 8 Stories, Mixed-Income, Mixed Use 99 rental apartments, - - PDF document

Dec 18, 2022 238 likes •462 views

Parcel 42 8 Stories, Mixed-Income, Mixed Use 99 rental apartments, Eff., 1-BR, 2-BR, and 3-BR Affordable Unit Breakdown: 20 total Affordable Units 10 units at 80% AMI Ground Floor Plan 5 units at 60% AMI 5 units at 30% AMI 9,500

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SLIDE 1

Parcel 42

8 Stories, Mixed-Income, Mixed Use 99 rental apartments, Eff., 1-BR, 2-BR, and 3-BR Affordable Unit Breakdown:

  • 20 total Affordable Units
  • 10 units at 80% AMI
  • 5 units at 60% AMI
  • 5 units at 30% AMI

9,500 SF retail space for Yes! Organic Market AMENITIES

  • On-site organic grocery
  • Outdoor seating and dining
  • Modern design
  • Landscaped rooftop deck
  • Two levels of parking for both residents and

retail patrons

Ground Floor Plan 2nd Floor Plan

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SLIDE 2

THE PARCEL 42 DEVELOPMENT TEAM

Neighborhood Development Company Developer Wiencek + Associates Architects + Planners Architect Hamel Builders General Contractor Kettler Management Leasing and Property Manager Yes! Organic Market Retail Tenant

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SLIDE 3

PA PARCEL 4 42

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SLIDE 4

PA PARCEL 4 42

TEAM INTRODUCTION TEAM INTRODUCTION

Neighborhood De Neighborhood Development Com lopment Compan any

  • Founded in 1999 – CBE business located in Petworth
  • Developed over 33 projects and over 500,000 sq. feet
  • f real estate
  • Participated in several large public-private partnership

projects

  • Recognized by several publications and the recipient of

numerous project awards

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SLIDE 5

PA PARCEL 4 42

Neighborhood Development Company Neighborhood Development Company

Qualifications and Experience Qualifications and Experience

Relevant Projects

  • City Vista

City Vista

  • Mixed use/mixed income including 685

condo and rental units plus 115,000 sq. ft. of retail

  • The R

The Residences at Georgia A sidences at Georgia Avenue enue

  • 72 units of affordable rental plus 11,000 sq.
  • ft. Yes! Organic Market
  • The Heights on

The Heights on Georgia A Georgia Avenue enue

  • 69 rental apartments plus 10,000 sq. ft. of

retail

  • The Lof

The Lofts at s at Brightw Brightwood

  • od
  • Conversion of former Masonic lodge and a

new 5-story addition into 32 condominiums plus 3,000 sq. ft. of retail

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SLIDE 6

PA PARCEL 4 42

Neighborhood Development Company Neighborhood Development Company

Qualifications and Experience Qualifications and Experience

  • Strong experience with public RFPs
  • CityVista, CityCenter, 1225 Fairmont

Street, NW, etc.

  • Awarded RFP to develop city center of

Mount Rainer, MD on Rhode Island

  • Ave. in Prince George’s County
  • Total Apartments: 210 units
  • Total Retail: 18,225 sq. ft.
  • Total Parking: 250 spaces
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SLIDE 7

PA PARCEL 4 42

TEAM INTRODUCTION TEAM INTRODUCTION

Federal Capital Par deral Capital Partners ners, Capital Partner

  • Founded in 1999
  • Invested over $3.0 billion in assets
  • Focused on investing with development partners in

Washington, DC and the Mid-Atlantic region

Ye Yes! O Organic M Market, Retail Partner

  • Dedicated local employer with 7 stores in District
  • Health conscious retailer

Holland & Holland & Knight Knight, Zoning Counsel

  • Reputation for resolving complex zoning, land use and

development issues

  • Strong working relationships with District staff
  • Experience in implementing case specific strategies

based on neighborhood context and stakeholder input

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SLIDE 8

PA PARCEL 4 42

TEAM INTRODUCTION TEAM INTRODUCTION

Wiencek + Assoc Wiencek + Associat ates Ar es Archit chitects + Planner ects + Planners

  • Founded in 1986
  • CBE business located in the District
  • Over 40,000 units of multifamily housing

completed to date

  • Award-winning Urban Place Makers
  • District of Columbia Mayor’s Environmental Excellence Awards
  • AIA Maryland and Potomac Valley Chapter
  • HAND Housing Achievement Award
  • Affordable Housing Conference of Montgomery County
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SLIDE 9

PA PARCEL 4 42

Wiencek + Associates Architects + Planners Wiencek + Associates Architects + Planners

Qualifications and Experience Qualifications and Experience

Relevant Projects

  • The A

The Avenue at enue at Park rk Mor Morton

  • n
  • 83 units of affordable rental plus 2,400 sq. ft. of

retail on Georgia Avenue

  • The R

The Residences at Georgia A sidences at Georgia Avenue enue

  • 72 units of affordable rental plus Yes! Organic

Market on Georgia Avenue

  • The Ov

The Overlook at Ox erlook at Oxon R

  • n Run
  • 326 units of family and senior housing in

Southeast DC

  • Sky House I

Sky House I and and II II

  • 528 units of mixed-income rental and condo

units at the Southwest Waterfront

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SLIDE 10

Sat Image & Zoning Information

Source: DC GIS

Site

Site

Watha T. Daniel/Shaw Library Shaw Metro

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SLIDE 11

Program Information 1Br 2Br # of Units NSF/floor GSF/floor Total 62 19 81 66,679 91,000 By‐Right FAR By‐Right GSF PUD FAR (R‐5‐E) PUD GSF (R‐5‐E) Lot 106 1.0 15,317 6.0 91,902 Lot 803 1.0 1,691 4.5 7,610 Unit Count 44 Units 81 Units + 2 Townhouse Units Building Stories 5 Stories 8 Stories Parking 14 Spaces 33 Spaces PROPOSED SCHEME Total Allowable GSF 91,902 (Lot 106) 7,610 (Lot 803) Total Ground Floor GSF (retail and common space) 11,620 Total Retail GSF 7,600 Total Residential GSF 79,380 (lot 106 only) Total Number of Units 81 (lot 106 only) Affordable Dwelling Units (20%) 17 Total Parking 33 Residential 27 Retail 6 Total Development Costs $27,655,289 Construction Timeline 18 months By‐Right vs. PUD Comparison Summary Unit Mix

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SLIDE 12

Floor Plans

Basement Floor Plan Parking Ramp Dn

  • Res. Lobby

Utility Rm 2 level Parking

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SLIDE 13

Floor Plans

Ground Floor Plan Retail Office

  • Res. lobby

Loading berth Townhouse Two Stories Ramp Dn Green Amenity

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SLIDE 14

Floor Plans

8th Floor

Typical 2nd to 7th Floor Plan

  • Elev. Lobby

9 10 12 11 8 7 6 5 4 3 2 1

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SLIDE 15

Floor Plans

8th Floor

8th Floor

  • Elev. Lobby

6 7 9 8 7 5 4 3 2 1 Green Roof

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SLIDE 16

Building Perspective

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SLIDE 17

Alternate Scheme

Garden Amenity Space 6 ’ 1Br Eff. 1B r 1Br 1Br 1Br 1Br 1Br 1Br Trash 2Br 1Br 2Br 1Br Eff. Mech/elec. corridor 155’ 126. 33 Retail Ramp to Parking Loading berth Amenity/office

  • Res. Lobby

3Br Eff. 1Br 1Br 1Br 1Br 1Br 1Br 1Br Trash p ai

  • Mech/elec.

2Br 1Br 1Br

Roof Terraces

Open to below

ALLEY MODIFIED Total Allowable GSF 102,048 (Lots 106 and 803 combined) Total Ground Floor GSF (retail and common space) 17,000 Total Retail GSF 9,500 Total Residential GSF 85,043 Total Number of Units 99 Affordable Dwelling Units (20%) 20 Total Parking 68 Residential 55 Retail 13 Total Development Costs $31,378,652 Construction Timeline 18 months

3Br Eff. 1Br 1Br 1Br 1Br 1Br 1Br 1Br Trash 2Br 1Br Mech/elec. 2Br 1Br 1Br Balcony

Ground Floor 2nd Floor Typical 3rd – 7th Floor 8th Floor

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SLIDE 18

COMMUNITY BENEFITS, STAKEHOLDER COMMUNITY BENEFITS, STAKEHOLDER ENGAGE ENGAGEMENT MENT & COMMUNITY OUTREACH & COMMUNITY OUTREACH

Advisor visory Neighbor Neighborhood Commission hood Commission

  • Work alongside ANC 2C to design an iconic project on

the corner of 7th and R Streets, NW – the gateway intersection of the Shaw Neighborhood

Sha Shaw Community Engagement Community Engagement

  • Work with the Shaw community to provide employment
  • pportunities to Shaw residents and a new retail

amenity for the neighborhood

Em Emplo ployment & ment & Job Job Creation Creation

  • 38 permanent jobs & 150 construction jobs created

LEED Gold LEED Gold

  • We commit to build a LEED Gold and will aspire to a

LEED Platinum designed project

Af Affordable Housing able Housing

  • 20% ADUs – half at 80% AMI, half at 30% and 60% AMI
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SLIDE 19

COMMUNITY BENEFITS, STAKEHOLDER COMMUNITY BENEFITS, STAKEHOLDER ENGAGE ENGAGEMENT MENT & COMMUNITY OUTREACH & COMMUNITY OUTREACH

Local Owner Local Ownership thr p through cr ugh crowd-funding* d-funding*

  • NDC will provide the local community with a chance to invest in real estate
  • Drives community engagement in the project
  • Power to build wealth in the community
  • Opens opportunities for the community to invest in city-owned land
  • Parcel 42 & Shaw will be a national model for community reinvestment
  • A chance to directly participate in building of the neighborhood

Scholarship Oppor Scholarship Opportunity unity

  • NDC will provide a scholarship open to children of the Shaw Community to

attend college

  • ANC 2C in conjunction with a Shaw-based non-profit to select local young

scholars

  • Opens up educational opportunities for local youth funded by the project

*NOTE REGARDING THE SALES MATERIALS : (i) No money or other consideration is being solicited, and if sent in response, will not be accepted. (ii) No sales of the securities will be made or commitment to purchase accepted until delivery of an

  • ffering circular that includes complete information about

the issuer and the offering.

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SLIDE 20

PA PARCEL 4 42

COMMUNITY BENEFITS COMMUNITY BENEFITS Ye Yes! O Organic M Market

  • 9,500 sq. ft. market will offer the community a new choice in healthy food options
  • Outdoor seating and dining
  • On-site parking for retail patrons
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SLIDE 21

PA PARCEL 4 42

PROPOSAL ADVANTAGES PROPOSAL ADVANTAGES

  • Developer with o

veloper with outstanding tstanding track record track record

  • Cohes

Cohesive team with ve team with collaborati collaborative project experi ve project experience ence

  • Strong capi

Strong capital p tal partner who rtner who wants t nts to invest m st money i ney in t the e Di Dist strict ct

  • Desi

Desira rable ret ble retailer comm er committed d to local hiri to local hiring and invest and investment nt

  • Award-winning a

ard-winning architect w chitect who employs d employs design flexibility in sign flexibility in worki working with ANCs and the g with ANCs and the communit community