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

4

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.

5

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

overlooking San Francisco Bay.

Project Vision

& Overview

DESIGN & CONSTRUCTION OVERVIEW OF CAPABILITIES

Project Vision

7

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

8

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

16

• 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

over 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

17

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

19 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

20

CONCLUSION

DESIGN & CONSTRUCTION OVERVIEW OF CAPABILITIES

22

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