Growth is built on a solid FOUNDATION - Capitol Riverfront · 2014. 1. 16. · CAPITOL RIVERFRONT IS GETTING CLOSER TO 50% BUILDGETTING CLOSER TO 50% BUILD-OUT Existing & Pipeline

ANNUAL MEETING &ANNUAL MEETING &STATE OF THE CAPITOL RIVERFRONTGrowth is built on a solid FOUNDATIONJ 16 2014January 16, 2014

@ CapitolRvrfront#CRBIDAnnualMeeting

CAPITOL RIVERFRONT BIDBOARD OF DIRECTORS

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CAPITOL RIVERFRONT BIDPROFESSIONAL STAFF

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MIKE RIZZOMIKE RIZZOWashington Nationals Baseball Club


2013 FOUNDATION AWARDSJanuary 16, 2014


2013 FOUNDATION AWARD2013 FOUNDATION AWARDPublic Sector Partner

ANTHONY WILLIAMSFormer Mayor, Washington D.C.

Chief Executive Officer and Executive Director, Federal City Council


2013 FOUNDATION AWARD2013 FOUNDATION AWARDPrivate Sector Partner

FOREST CITY WASHINGTONFOREST CITY WASHINGTON


2013 FOUNDATION AWARD2013 FOUNDATION AWARDPrivate Sector Partner

WC SMITHWC SMITH


VICTOR HOSKINSDeputy Mayor for Planning and EconomicDeputy Mayor for Planning and Economic

Development


CLEAN AND SAFE TEAM AWARDSCLEAN AND SAFE TEAM AWARDSCapitol Riverfront BID


CAPITOL RIVERFRONT CLEAN & SAFE TEAM2013 ACHIEVEMENTS

14 Clean & Safe Team Members

2013 ACHIEVEMENTS

2 Clean & Safe Team member have been with us since 2007 (when the BID was (formed)

13,500 bags of trash collected

900 hours of landscaping

8,300 requests for information8,300 requests for information answered in 2013

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CLEAN & SAFE TEAM WORKSNEIGHBORHOOD PERCEPTIONS BETTER EACH YEARNEIGHBORHOOD PERCEPTIONS BETTER EACH YEAR

What is your perception of cleanliness and safety in the Capitol Riverfront?

81%94%

80%

90%

100%

40%

50%

60%

70%

10%

20%

30%

40%

6%0%

10%

2007 2008 2009 2010 2011 2012 2013

Very Safe or Safe Very Clean or Clean

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y ySource: 2013 Capitol Riverfront Perception Survey

CLEAN & SAFE TEAM2013 AWARDS2013 AWARDS

Jeffrey MalcolmCertificate of Appreciation

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Kenneth Ray WilliamsCertificate of Appreciation

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Gary WilliamsOutstanding Performance

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Andre TobeEmployee of the Year

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STATE OF THE CAPITOL RIVERFRONT2013 Market Overview


CAPITOL RIVERFRONT ISONE THIRD BUILT OUTONE-THIRD BUILT-OUT

Office7.4M SF built

Retail210,125 SF built

Residential2,758 units built

Hotel204 rooms built

50%

7.4M SF built

22%

210,125 SF built

24%

2,758 units built

16%

204 rooms built

Existing/Completed Existing/Completed Existing/Completed Existing/CompletedPlanned Planned Planned Planned

TOTAL:12.0M SF built

33%

67%

36.9M SF planned

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Existing/CompletedPlanned

CAPITOL RIVERFRONT ISA MIXED INCOME NEIGHBORHOOD

• 2,254 apartment units1

A MIXED-INCOME NEIGHBORHOOD

• 780 for-sale units (22% affordable) • $2.62 / SF – average rent2

• 90% – average occupancy

(9% affordable)• 100% sold• $432 – Average sale $/SF in90% average occupancy

• 19 units/mo – 2013 average absorption

1 Includes all residential units within BID boundaries plus Camden South Capitol

$432 Average sale $/SF in 2013

1 Includes all residential units within BID boundaries plus Camden South Capitol2 Average effective rent reflects market rate apartments built after 2008

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Capitol Quarter Townhomes 100 at Capitol Yards Camden South Capitol Foundry Lofts

CAPITOL RIVERFRONT DEMOGRAPHICSDIVERSE POOL OF RESIDENTS

31.4 Median Age1

DIVERSE POOL OF RESIDENTS

41% Millennials2

50% Female1

$89 181Median Income1

41% Millennials

40% have one or more pet1

14%$89,181Median Income1

74% Renters1

14% have children <18 years living at home3

Sources:

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Sources: 1 American Community Survey 2012 for Capitol Riverfront BID Census Tract2 U.S. Census, Washington Post, D.C. Office of Planning neighborhood clusters. Millennial is defined as people ages 23-34.3 Capitol Riverfront BID Perception Survey 2013

CAPITOL RIVERFRONT ISA FAMILY FRIENDLY NEIGHBORHOODA FAMILY-FRIENDLY NEIGHBORHOOD

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CAPITOL RIVERFRONT ISA FAMILY FRIENDLY NEIGHBORHOOD

NOON YEAR’S EVE | 12/31/13

2 000+2 000+

A FAMILY-FRIENDLY NEIGHBORHOOD

2,000+ 2,000+ in attendance

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CAPITOL RIVERFRONT ISBUILDING A CIVIC INFRASTRUCTUREBUILDING A CIVIC INFRASTRUCTURE

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CAPITOL RIVERFRONT IS A FITNESS DESTINATIONA FITNESS DESTINATION

Kayaking at Ballpark Boathouse (Diamond Teague Park)

Anacostia River Shapes Up as a Fitness Destination

8/22/13

“swing by the Yards Park on a Friday night this summer and you can get a

glimpse of the river’s future.”

Trapeze School at The Yards

Yoga in Yards Park

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CAPITOL RIVERFRONT IS A FITNESS DESTINATION

Anacostia Riverwalk Trail

A FITNESS DESTINATION

Canal Park Ice Skating Rink

Vida Fitness at Twelve12 (Opening 3Q 2014)

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CAPITOL RIVERFRONT ISTHE BALLPARK STADIUM DISTRICTTHE BALLPARK STADIUM DISTRICTNationals Stadium Proposed DC United Stadium

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CAPITOL RIVERFRONT ISMULTI MODALLY CONNECTEDMULTI-MODALLY CONNECTED

1 mile contiguous riverfront trail1 mile contiguous riverfront trail

4 Capital Bikeshare Stations

10 minute headways on Circulator

9,411 average daily riders at Navy Yard/ Ballpark Metroy p

I-295 & I-395 accessibility


CAPITOL RIVERFRONT ISEXPERIENCING ONGOING PUBLIC INVESTMENTEXPERIENCING ONGOING PUBLIC INVESTMENT

$9.8M Renovation of Van Ness$9.8M Renovation of Van Ness Elementary School

$600M$600M South Capitol Street Bridge Reconstruction (Phase I)

$$300M 11th Street Bridge Reconstruction (completed)

$150M DC United Soccer Stadium (land & infrastructure)

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( )

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CAPITOL RIVERFRONT HAS A GROWING RESTAURANT CLUSTER 21Opened in 2013:

A GROWING RESTAURANT CLUSTER 21Restaurants

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CAPITOL RIVERFRONT IS AN OFFICE SUBMARKET

2 Federal Anchors - DOT Navy Yard

AN OFFICE SUBMARKET

2 Federal Anchors DOT, Navy Yard

13 privately-owned office buildings

7.4 million SF of office space

50% built-out (office)

32,000 employees

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CAPITOL RIVERFRONT IS GROWING1 264 APARTMENT UNITS UNDER CONSTRUCTION1,264 APARTMENT UNITS UNDER CONSTRUCTION

Park Chelsea, 432 unitsWC Smith | 1Q 2015 Delivery

Twelve12, 218 unitsForest City | 3Q 2014 Delivery

P l N 327 itRi P 287 it Parcel N, 327 unitsForest City | 1Q 2016 Delivery

River Parc, 287 unitsToll Brothers | 3Q 2014 Delivery


CAPITOL RIVERFRONT IS ADDING MORE RETAILADDING MORE RETAIL

Vida Fitness, Bang Salon, Aura Spa, Sweetgreen, TaKorean (2014)Harris Teeter (2014)

Whole Foods (2017) Showplace ICON Theater (2016)


CAPITOL RIVERFRONT IS GETTING CLOSER TO 50% BUILD OUTGETTING CLOSER TO 50% BUILD-OUT

Existing & Pipeline Development as a Share of All Planned New Development in the Capitol RiverfrontDevelopment in the Capitol Riverfront

50%47% 50% 51%58%

24% 22%16%

Source: Capitol Riverfront BID

Residential Retail Office Hotel

2013 2017 (Projected)Source: Capitol Riverfront BIDNotes: New residential development includes: Twelve12 (218 units); Park Chelsea (432 units); RiverParc (287 units); Parcel N (327 units); 800 New Jersey (336 units); Gallery at Capitol Riverfront (324 units); Square 701 Apartments (325 units); Lofts at Capitol Quarter (195 units); RiverFront (305 units)

New retail development includes: Twelve12 (88,000 SF); Park Chelsea retail (1,500 SF); Parcel N retail (21,000 SF); Whole Foods (36,000 SF); 1111 New Jersey retail (11,000 SF); ICON Theater (70,000 SF); Square 701 Retail (43,000 SF)

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New office development includes: Square 701 Skanska Office (224,000 SF)

New hotel development includes: Hampton Inn (165 rooms), Square 701 hotel (170 rooms); and 50 M (190 rooms)

ANNUAL MEETING &ANNUAL MEETING &STATE OF THE CAPITOL RIVERFRONTGrowth is built on a solid FOUNDATIONJ 16 2014January 16, 2014


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Growth is built on a solid FOUNDATION - Capitol Riverfront · 2014. 1. 16. · CAPITOL RIVERFRONT IS GETTING CLOSER TO 50% BUILDGETTING CLOSER TO 50% BUILD-OUT Existing & Pipeline