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DC

Development Report
2012/2013 edition

Rendering: 655 New York Avenue, NW

DC

Development Report

2012/2013 edition

Square 450 | 655 New York Avenue, NW | Douglas Development

a publication of the

in partnership with

Image courtesy of Douglas Development

ABOUT THE DC DEVELOPMENT REPOrT


The DC Development Report is a summary of the major development and construction projects in the District of Columbia. The Washington, DC Economic Partnership (WDCEP) began tracking development activity in 2001 with the hope of creating a comprehensive database that would answer a number of questions in regards to the construction activity in the city. The Report summarizes our entire database of projects, highlights major projects and what lies ahead for development in the District of Columbia. This update of the DC Development Report is an overview of development activity and of the expansion occurring in the District of Columbia. As a resource book, it is a compilation of nearly 12 years of data collection and research that provides an overview of an ever-changing development and construction cycle. The WDCEP performs an annual development census in the month of August and receives contributions from more than 120 developers, architects, contractors and economic development organizations. This outreach results in updates to more than 300 projects. While our database of projects is constantly being updated, for the purposes of this publication all data reflects project status, design and information as of August 2012. This year the WDCEP partnered with CBRE to provide an executive summary on the overall construction market and in-depth analysis of each development market. Although every attempt was made to ensure the quality of the information contained in this document, the WDCEP and CBRE make no warranty or guarantee as to its accuracy, completeness or usefulness for any given purpose. For more information please see our Methodology section.

Washington, DC Economic Partnership, 2012

2012 Washington, DC Economic Partnership

TABLE OF CONtENtS

1 DEVELOPMENT OVErVIEw
Executive Summary . . . . . . . . . . . . . . . . . . . . . . . 6 Summary of Projects . . . . . . . . . . . . . . . . . . . . . . 10 Most Active Developers, Architects & Contractors . . . . 12

2 DEVELOPMENT BY SEcTOr
Office . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Retail . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Residential . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Hospitality . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59

3 DEVELOPMENT HOT SPOTs


Anacostia . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 Capitol Riverfront . . . . . . . . . . . . . . . . . . . . . . . 72 Mount Vernon Triangle . . . . . . . . . . . . . . . . . . . . 74 NoMa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 Shaw . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80

4 APPENdIX
Methodology . . . . . . . . . . . . . . . . . . . . . . . . . 84 Acknowledgements . . . . . . . . . . . . . . . . . . . . . . 87

DC Development Report 2012/2013 Edition

DEVELOPME

MENT OVERVIEW
Executive Summary | Summary Executiveof Summary Projects || Summary Most Active of Projects | Green Development | Description Most Active

DEVELOPMENT OVERVIEW
EXEcUtIVE SUMMArY The educated workforce, nationally-ranked universities, world-renowned museums, tourist attractions and high quality amenities that attract residents and visitors have made the District of Columbia a top tier investment market. Despite the uncertainty surrounding the national economy, DCs economy has continued to thrive, adding an estimated 8,200 jobs in the past year1. Recent college graduates, twenty-somethings and baby boomers are moving into the city at a greater level than seen in recent years, as these groups demand a 24/7 environment, walkable neighborhoods, and easy access to neighborhood services. This has translated into new jobs, new retailers and restaurants, diverse transportation services and have created demand for new development. Through August 2012, 6.7 million square feet had broken ground in 2012 across all major development markets. By the end of 2012 we expect that figure to top 7.8 million square feet as several mixed-use projects are anticipated to start construction by the end of 2012.

RESIdENtIAL
Since 2000, the population of DC has grown by 8.0% and now is home to 617,996 residents. 2 The interest in urban living spurred a boom in residential construction, as over 42,000 residential units have been built (or underwent major renovations) since 2001. More significantly is that DC has grown by 43,592 people in the past four years (2007 2011) and now has more than 10,350 residential units under constructionthe highest activity in the past 10 years. More than 90% of the units under construction are rental and with many new residences now in the 500 600 square foot range, these market-rate units are targeting the young professionals.

OFFIcE
While the total number of jobs in DC has now surpassed 736,6003, the historic drivers of DCs office market (law firms and the federal government) have stopped expanding and becoming more efficient with their existing space. When looking at the largest 25 leases in the past year, nearly half were renewals or renewals with expansion, well above the historic average of 30% and thus limiting demand for new office development.4 Through August, 2012 saw 1.1 million square feet of office construction/renovation starts in private projects with more than 50,000 square feet of office. By the end of 2012 that number could reach 1.4 million square feet with two additional projects expected to start in 4Q 2012. Of the 1.4 million square feet, approximately 40% of the space is preleased. While the total 2012 expected groundbreakings is on the lower end of the past 12 years, it is about 15% higher than in 2011 and 120% higher than 2010a year that saw only 636,000 square feet of private office projects with more than 50,000 square feet of office space start construction/renovation.

REtAIL
2013 will see major mixed-use developments such as CityCenterDC (185,000 sq. ft. of retail), 360 H (41,200 sq. ft. Giant), Monroe Street Market (50,269 sq. ft. of retail) and the Wonder Bread Factory (39,741 sq. ft. of retail) contribute to the more than 434,000 square feet of new retail project deliveries. The following year will see major mixed-use projects such as 77 H (76,000 sq. ft. Walmart), CityMarket at O (75,000 sq. ft. Giant), Louis at 14th/U (Trader Joes) and Twelve12 (50,000 sq, ft. Harris Teeter) open and with the recent groundbreakings of Cathedral Commons (56,000 sq. ft. Giant Food) and Safeways Petworth redevelopment (new 63,000 sq. ft. store), 2014 is expected to deliver an additional 587,000 square feet of retail space.5 2014 will mark the most retail deliveries since 2008, a year that delivered more than 867,000 square feet of retail, which included the opening of the Target-anchored, 500,000 sq. ft. DC USA project in Columbia Heights. However, unlike 2008, 2014 will see major retail deliveries in more neighborhoods such as Capitol Riverfront, Brookland, 14th & U/MidCity, NoMa, Shaw and Petworth.

HOSPItALItY
2014 is shaping up to be the most significant year in hotel deliveries in the past 12 years. If development plans stay on schedule 1,357 new rooms will deliver with the total potentially increasing to 2,361 rooms if several pipeline projects break ground in the next few months. This would surpass 2008s total of 2,159 new/renovated rooms.
1. DC Department of Employment Services Ofce (9/2011-9/2012, preliminary estimates) 2. Census (2011) 3. DC Department of Employment Services Ofce (9/2012, preliminary estimates) 4. CBRE Research 5. Cathedral Commons and Safeways Petworth are still listed as near term in the report since both started construction after data was collected

2012 Washington, DC Economic Partnership

DEVELOPMENT OVErVIEw
EXEcUtIVE SUMMArY The largest project to deliver in 2014 will be the new 1,175-room Marriott Marquis (Convention Center Hotel) followed by the 182-room Cambria Suites Hotel. The 1,000+ rooms that are currently planned, but may deliver in 2014, include a Hilton Garden Inn (2201 M Street, NW), Hyatt Place Hotel (New York Avenue & North Capitol Street, NE), Hampton Inn (1729 H Street, NW) and Homewood/Hampton Inn (501 New York Avenue, NE).

EdUcAtION
Through August 2012, more than 1.7 million square feet of education space is under construction1. This represents the highest total since 2008 (1.9 million sq. ft.). This development activity corresponds to 43% college/university projects, 39% public high schools and 17% medical space. The new Dunbar Senior High School and modernized Cardozo High School make up the 689,000 square feet of public schools under construction. Expansion plans by George Washington University, American University and the University of the District of Columbia are mainly responsible for the 759,000 square feet of college/university projects under construction. By the end of 2012 New York Universitys 75,000 sq. ft. Constance Milstein & Family Academic Center (September 2012 delivery) and E.L. Haynes 36,000 sq. ft. Kansas Avenue Public Charter School will also open.

INdUStrIAL MArKEt
While not a focus of the DC Development Report, the industrial sector plays an integral role in the makeup of the DC real estate market. It differs from most other regions because DC is not known as a manufacturing hub. High land value within the city limits has historically lent itself to higher-revenue office or residential space. Developers, looking to maximize the return on their investment, tend to steer clear of erecting new industrial product with a DC address as they explore development opportunities in the citys core areas. The highest concentration of large warehouse space in the city lines New York Avenue, NE. The industrial parks that surround this major thoroughfare utilize the transit advantages it offers in a high traffic urban setting. The majority of large warehouse buildings resides in this area and is generally older, Class B and C product. Another concentration of smaller product in Northeast DC follows the CSX rail line north of Union Station and fronting the Anacostia River in the Capitol Riverfront. The availability of mid-size blocks of space has tightened across the District, but tenant demand remains as businesses in the public sector need to operate within DC. This space is needed to house those quasi-industrial functions such as waste hauling and transfer, street cleaning and plowing, road construction and repair, water and sewer construction and repair, and police, fire, and parking enforcement services that are essential to the business of city government.2 Tenants with flexibility have found attractive options in industrial-laden Prince Georges County, Maryland, which neighbors DC and has newer product, cheaper rents and more large blocks of space. This trend, coupled with revitalization projects in the works and little industrial development in DC in the last decade (360,000 sq. ft.), will continue to constrict an already strained environment.

10 Largest Industrial Leases Since 20113


SQ. FT. 92,286 30,400 25,541 24,399 23,633 20,000 19,262 19,200 17,500 15,000 TENANT DC Government Solo Furniture Installers, Inc. Crane Services Ideal Electrical Supply Corporation Forever Blossoms Verifone Pitney Bowes, Inc District Food Vending GSA American Medical Response AddREss 2850 New York Avenue, NE 3525 V Street, NE 3335 V Street, NE 2230 Adams Place, NE 3150-3160 V Street, NE 3300-3390 V Street NE 3300-3350 New York Avenue, NE 1901 Fairview Avenue, NE 3015-3055 V Street, NE 2825 V Street, NE DATE 1Q 2011 2Q 2012 1Q 2012 3Q 2012 4Q 2011 2Q 2012 3Q 2012 3Q 2012 1Q 2012 4Q 2011

1. including medical space 2. Industrial Land in a Post-Industrial City, DC Ofce of Planning (2006) 3. CBRE Research

DC Development Report 2012/2013 Edition

DEVELOPMENT OVErVIEw OVERVIEW


EXEcUtIVE SUMMArY

PrOJEct MANAGEMENt1
Statistically speaking, the beginning of 2012 has seen a slightly positive growth period for the commercial construction industry in the District. The Districts average is 5-6% more costly than Baltimore or Annapolis as selling prices have been increasing faster than material prices, escalating now 3%-4%. The DC market was essentially modest to flat in general construction activity (i.e., tenant build-outs/interior construction) with exception to on-going builds such as CityCenterDC. The new activity was attributed to the steady flow of releases. In most of these situations, clients look to have minor changes to the space such as paint and carpet improvements. As it relates to the private sector, most building owners of commercial office buildings continued to hold off on making major investments in their buildings infrastructure. They have instead focused on specific aesthetics and this trend continues to be compounded with little demand from end users as a competitive negotiation tactic when seeking an aggressive lease rate. Similar to the beginning of 2012, the moderate to flat construction activity will continue. As we glance to the future, we notice the overall construction costs appearing to remain steady with no major fluctuations. Individual project costs are generally averaging around $65 per square foot for general office space. Furthermore, expect moderate labor shortages in the near future to push prices at least another 1% higher, with escalations estimated at 4%-5%, in 2013. The major contributors to cost impacts on a per trade basis are in millwork, glass and metals. One positive influence to the cost of materials and products are those considered to have a sustainable focus. As demand remained constant by end users, manufactures and services providers have incorporated sustainable practices and materials into their deliverable as a matter of practice. This trend had a major positive impact on the area by creating more efficient facilities that combine to create an overall attractive market in competing with other markets in the U.S., ultimately creating the environment of positive construction activity. Moving into 2013, little movement in non-residential construction will yield flat prices. The anticipated cost of labor increase by June 2013 will be negligible as material costs follow the same trends, unless a major world event/conflict triggers the markets.

GrEEN DEVELOPMENt
DC has a total of 316 LEED certified buildings/projects with another 1,054 LEED registered projects2. With DCs public and private push towards sustainability, DC now ranks second in the U.S. in combined registered and certified buildings3. While the Green Building Act of 2006 and Clean and Affordable Energy Act of 2008 requires LEED certification and encourages sustainability, tenant demand for green features was a driving force for developers and landlords to incorporate green elements into their projects before these legislative deadlines. This is evident in the 256 ENERGY STAR labeled buildings and that more than half of the LEED certified buildings/projects are Gold certified. Furthermore, Platinum buildings are becoming more common. In addition, 16 residential projects that are participating in the Enterprise Green Communities have been completed since 2007, with another eight under construction.

Total Number of Certified LEED Building/Projects2

35

87

160

34

316

Certified

Silver

Gold

Platinum

1. tenant build-outs/interior construction 2. District Department of the Environment (3Q 2012) 3. District Department of the Environment (5/4/12)

2012 Washington, DC Economic Partnership

GrEEN DEVELOPMENt

DEVELOPMENT OVERVIEW
SUMMArY OF PrOJEctS

DC DEVELOPMENt DELIVErIES ($ in billions)

Completed

Under Construction
$4.78

$4.39 $4.13 $3.71

$3.60

$3.05 $2.76 $2.39 $2.22 $2.19 $2.51 $2.32 $1.02 $2.67 $2.67

$1.65

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

20121

20131

20141

DC DEVELOPMENt PrOJEctS BY StAtUS (August 2012)


# Of PROJECTs SQ. FT. EsTIMATEd COsT

DC DEVELOPMENt PrOJEctS BY TYPE


# Of PROJECTs SQ. FT. 2 EsTIMATEd COsT

Completed in 2001 in 2002 in 2003 in 2004 in 2005 in 2006 in 2007 in 2008 in 2009 in 2010 in 2011 in 2012 (YTD) Under Construction 2012 delivery 2013 delivery 2014 delivery 2015+ delivery Pipeline Near Term Medium Term Long Term TOTAL

940 79 85 95 97 87 102 73 81 86 52 57 46 113 37 50 22 4 342 87 106 149 1,395

120,976,506 10,863,811 9,189,374 11,409,328 11,591,945 10,180,302 12,933,180 11,621,355 12,154,851 12,248,868 7,977,660 5,944,403 4,861,429 21,526,569 3,703,786 10,627,553 5,913,412 1,281,818 127,371,932 11,512,628 17,792,058 98,067,246 269,875,007

$34,931,352,284 $2,224,531,829 $2,190,473,500 $3,053,046,485 $2,761,862,000 $2,390,115,944 $3,705,380,585 $3,599,389,760 $4,128,790,000 $4,390,058,073 $2,508,795,163 $2,324,623,945 $1,654,285,000 $9,479,543,000 $1,015,849,000 $4,775,916,000 $2,669,141,000 $1,018,637,000 $39,104,925,747 $3,123,993,747 $4,575,279,000 $31,405,653,000 $83,515,821,031

New Construction Renovation Infrastructure

871 478 46

210,644,223 58,269,466 n/a

$67,501,700,154 $12,410,654,877 $3,603,466,000

DC DEVELOPMENt PrOJEctS BY USE3


# Of PROJECTs SQ. FT. UNITs/ROOMs

Education Medical College/University Other Education Hospitality Community Entertainment Hotel Museum Industrial Infrastructure Office District Government Federal Government Residential Retail

186 27 51 108 225 91 26 83 39 7 46 349 7 41 679 457

16,820,763 4,115,190 5,228,948 7,476,625 23,289,143 2,256,081 4,236,932 12,900,180 3,895,950 953,192 18,720 18,720

99,130,123 1,553,500 18,588,461 104,608,559 13,419,915 101,243

1. projections based on targeted delivery dates of projects under construction as of August 2011 2. total by type may not sum to totals by status due to incomplete information about infrastructure projects 3. all projects (completed, under construction & pipeline); mixed-use projects may be reected in multiple uses

10

2012 Washington, DC Economic Partnership

DEVELOPMENT OVErVIEw
SUMMArY OF PrOJEctS
Office Retail Residential Hospitality Education

PrOJEctS COMPLEtEd (2001August 2012)


# Of PROJECTs SQ. FT. UNITs ROOMs

Office Retail Residential Hospitality Education

207 232 435 142 139

45,198,447 4,523,952 43,903,233 14,747,778 11,078,438 42,268 10,583 121.0M Sq. Ft. Completed

Total Estimated Value of Projects: $34.9 billion

PrOJEctS UNdEr CONStrUctION


# Of PROJECTs SQ. FT. UNITs ROOMs

Office Retail Residential Hospitality Education

29 46 53 16 14

6,324,827 1,162,038 9,580,027 2,029,418 1,751,000 10,357 1,667 21.5M Sq. Ft. Under Construction

Total Estimated Value of Projects: $9.5 billion

PrOJEctS NEAr TErM


# Of PROJECTs SQ. FT. UNITs ROOMs

Office Retail Residential Hospitality Education

15 44 52 15 7

2,403,834 1,788,372 6,129,389 960,880 883,000 6,438 1,295 11.5M Sq. Ft. Near Term

Total Estimated Value of Projects: $3.1 billion

PrOJEctS MEdIUM TErM


# Of PROJECTs SQ. FT.


UNITs ROOMs

Office Retail Residential Hospitality Education

23 49 70 19 7

4,921,621 1,065,075 9,566,610 1,032,455 614,000 9,015 1,227 17.8M Sq. Ft. Medium Term

Total Estimated Value of Projects: $4.6 billion

PrOJEctS LONG TErM


# Of PROJECTs SQ. FT. UNITs ROOMs

Office Retail Residential Hospitality Education

75 86 69 33 19

40,281,394 4,880,478 35,429,300 4,518,612 2,494,325 33,165 3,948 98.1M Sq. Ft. Long Term

Total Estimated Value of Projects: $31.4 billion


NOTE: mixed-use projects may be reected in multiple uses.

DC Development Report 2012/2013 Edition

11

DEVELOPMENT OVErVIEw OVERVIEW


MOSt ActIVE DEVELOPErS, ArchItEctS & CONtrActOrS The figures below list the developers, architects and contractors that have been the most active in contributing to DCs development activity.

MOSt ActIVE PrIVAtE DEVELOPErS (# of projects)1


PN Hoffman 16 Douglas Development Corporation 11 2 11 24 1 1 18

Completed

Under Construction

Pipeline

JAIR LYNCH Development Partners 20 WC Smith 16 The JBG Companies 20 8 11 39 5 8 29 3 5 28

MOSt ActIVE ArchItEctS (# of projects)1


Hickok Cole Architects 28 WDG 27 Eric Colbert & Associates PC 30 Bonstra|Haresign Architects 28 Shalom Baranes Associates 34 9 23 66 8 14 50 5 9 44 4 13 44 5 9 42

MOSt ActIVE GENErAL CONtrActOrS (# of projects) 2


WCS Construction LLC 14 Hamel Builders 17 James G Davis Construction Corporation 24 Forrester Construction Company 27 Clark Construction Group LLC 34 14 5 53 6 1 34 5 2 31 7 2 26 4 8 26

1. projects completed since 2001, under construction or in the pipeline 2. projects completed since 2007, under construction or in the pipeline

12

2012 Washington, DC Economic Partnership

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DC Development Report 2012/2013 Edition

13

DEVELOPMEN

NT BY SECTOR

Office Office| |Retail Retail| |Residential Residential| |Hospitality Hospitality| |Education EducationDescription

1 2

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OFFIcE dEVELOPMENt
Description

OffIcE DEVELOPMENT
DC OFFIcE MArKEt SNAPShOt (3Q 2012)1
Inventory Total Vacancy Rate Net Absorption (4Q113Q12) Overall Avg. Asking Rental Rate 124.1M SF 10.1% 274,248 SF $53.24/SF (FS)

The demand for downtown DC office space continues to fall while availability rises. Due to economic uncertainty surrounding the federal budget, many tenants opted to remain in their current locations to avoid moving costs, or relocate to reduce space usage. Historically, DCs primary demand drivers are the law firms of the AM Law 100 and the federal government. Recently, law firms began reducing workspace areas for all employees, including smaller partner offices while reducing filing/storage needs. Simultaneously, the federal government, under intense pressure to reduce costs, continues to consolidate multiple locations and reduce the total amount of occupied leased square feet. As of 3Q 2012, CBRE tracked the overall vacancy rate for the city at 10.1%, a relative constant over the year, and below the peak of 12.0% reached in 2010. The 12-month trailing total net absorption was 274,248 square feet, reflecting bright areas in an otherwise down leasing market. New demand is being driven by smaller companies that typically experience a recovery first, foreshadowing economic growth. In addition, several technology-related firms came to DC, beginning a further diversification of the tenant base in the city. The largest 25 lease transactions from the past year reflect the change in composition of transactions in the city and the impact the economy had on companies. While the portion of renewals historically hovers around 30%, the past year experienced tenants staying in place at a renewal transaction rate of nearly 50%.

LArGESt 25 LEASE TrANSActIONS BY DEAL TYPE2


Sublet Renewal + Expansion 16% 4%

48% Renewal 32%

New/Relet

Two of the citys largest law firms recently committed to relocating to new buildings in the expanded business core of DC. Arnold & Porter and Covington & Burling each surprised the market with their decisions to move from the Pennsylvania Avenue corridor to new construction in the East End submarket. Covington & Burlings lease at City Center will take 80% of the office space at the site, and Arnold & Porter will lease 75% of Boston Properties new project at 601 Massachusetts Avenue, once NPR moves to NoMa. New development continues to attract tenants in spite of the higher rental rates it commands. The design efficiencies of the build-outs allow companies to lower their real estate floor plan and associated costs, one of the few immediate expenses they can control. Therefore, many are able to upgrade the quality and location of their offices, while paying a lower annual rent. While this has had a negative impact on the Class A relet market, with large blocks of space returned to the market, the newly available space is in prime locations that allow new tenants to make a similar move.

Sources: 1. CBRE Research 2. CBRE Research (4Q 2011 - 3Q 2012)

20

2012 Washington, DC Economic Partnership

OffIcE DEVELOPMENT
DEVELOPMENt OVErVIEW

OFFIcE DEVELOPMENt (August 2012)


# Of PROJECTs SQ. FT.

133 PrIVAtE OFFIcE CONStrUctION StArtS1 (since 2000)


(projects with 50,000+ sq. ft. of office)
45,198,447 6,331,725 3,013,280 2,769,592 3,201,153 3,622,716 5,903,380 4,276,463 3,261,473 6,033,060 3,408,455 2,442,869 934,281 6,324,827 1,144,560 4,440,249 740,018 47,606,849 2,403,834 4,921,621 40,281,394 99,130,123
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 (YTD)

Completed in 2001 in 2002 in 2003 in 2004 in 2005 in 2006 in 2007 in 2008 in 2009 in 2010 in 2011 in 2012 (YTD) Under Construction 2012 delivery 2013 delivery 2014+ delivery Pipeline Near Term Medium Term Long Term TOTAL

207 27 23 19 12 17 25 16 21 23 10 10 4 29 8 19 2 113 15 23 75 349

16

16 14

13

13 12 12 11 8 8

4 3 3

OFFIcE DELIVErIES (sq. ft. in millions)


6.3 5.9

Government Completed

Government Under Construction

Private Completed

Private Under Construction

6.0 0.4

2.3

1.5 4.3 0.6 3.6 3.0 3.2 2.8 1.2 1.2 4.4 3.6 3.0 2.8 2.0 2.1 3.7 2.7 3.3 5.6 3.4 0.7

11-year Annual Average 4.0 million sq. ft. 4.4

2.1

2.4

4.1

1.2

2.1 0.6 0.5 2.3

1.3

0.5 0.4

0.3 0.3 20131 20141

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

20121

1. projects with 50,000+ sq. ft. of private ofce space 2. projections based on targeted delivery dates of projects under construction as of August 2012

DC Development Report 2012/2013 Edition

21

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2012 Washington, DC Economic Partnership

OffIcE DEVELOPMENT
DEVELOPMENt PIPELINE

TOP OFFIcE PrOJEctS COMPLEtEd (2011August 2012)


PROJECT WARd LOCATION DEVELOPER(s) SQ. FT. EsT. VALuE1 ($M) DELIVERY

Square 54 Supreme Court Modernization 1015 Half Street Mary E. Switzer Building (Phase II) Eisenhower Executive Office Building (Phase III) Department of the Interior (Phase V) 733 10th & G 1000 Connecticut Avenue Forensics Lab U.S. Department of Commerce Herbert Hoover Building (Phase II)

2 6 6 6 2 2 2 2 6 2

2200 Pennsylvania Ave., NW Supreme Court 1015 Half St., SE 330 C St., SW 17th St. & Pennsylvania Ave., NW 1849 C St., NW 733 10th St., NW 1000 Connecticut Ave., NW 401 E St., SW 14th St. & Constitution Ave., NW

Boston Properties Architect of the Capitol Douglas Wilson Companies GSA GSA GSA Skanska/PN Hoffman Connecticut & K Street Assoc. LLC Department of General Services GSA

439,798 414,289 380,000 329,000 213,540 200,000 165,092 370,170 287,000 242,961

$213 $76 $180 $62 $198 $58 $85 $180 $215 $118

2011 2011 2011 2011 2011 2011 2011 2012 2012 2012

TOP OFFIcE PrOJEctS UNdEr CONStrUctION


PROJECT WARd LOCATION DEVELOPER(s) SQ. FT. EsT. VALuE1 ($M) DELIVERY

Harry S. Truman Building 200 Eye Street U.S. Coast Guard Headquarters Building CityCenterDC Federal Office Building 8 GSA Headquarters (Phase I) 3 Constitution Square 1111 North Capitol Street Association of American Medical Colleges Lafayette Building

2 6 8 2 2 2 6 6 6 2

2201 C St., NW 200 I St., SE 2701 Martin Luther King Ave., SE 200 C St., SW 1800 F St., NW 155 N St., NE 1111 North Capitol St., NE 655 K St., NW 811 Vermont Ave., NW

GSA StonebridgeCarras LLC/DGS GSA

270,000 330,000 1,179,550 515,000 464,402 387,824 344,000 330,000 273,200 466,818

$38 $86 $950 $700 $129 $161 $140 $115 $115 $164

2012 2012 2013 2013 2013 2013 2013 2013 2014 2017

9th, 10th, 11th, H, & I Sts., NW Hines/Archstone/The First Investor GSA GSA StonebridgeCarras LLC/ Walton Street Capital Boston Properties/NPR Hines GSA

TOP OFFIcE PrOJEctS PIPELINE (near term)


PROJECT WARd LOCATION DEVELOPER(s) SQ. FT. EsT. VALuE1 ($M) DELIVERY2

Akridge at Half Street 2001 M Street 1200 17th Street 900 G Street Gallery Tower 1525 Fourteen 1728 14th Street 1442 Pennsylvania Avenue 601 Massachusetts Avenue 1111 New Jersey Avenue

6 2 2 2 2 2 2 6 6 6

25 M St. & 1201 Half St., SE 2001 M St., NW 1200 17th St., NW 900 G St., NW 627-631 H St., NW 1525 14th St., NW 1728 14th St., NW 1442 Pennsylvania Ave., SE 601 Massachusetts Ave., NW 1111 New Jersey Sve., SE

Akridge Brookfield Properties Akridge MRP Realty/ASB Real Estate Monument Realty Furioso Development Perseus Realty Douglas Development Corporation Boston Properties Donohoe Companies/Holland Development Group LLC

370,000 285,000 162,000 103,500 72,000 38,400 14,534 430,000 201,400

$330 $110 $65 $42 $11

2014 2014 2014 2014 2014 2014 2014 2014

$150 $50

2015 2015

1. may include non-ofce components 2. delivery date may reect phase I delivery or nal phase delivery

DC Development Report 2012/2013 Edition

23

OffIcE DEVELOPMENT
DEVELOPMENt HIGhLIGhtS

1000 Connecticut Avenue


Location: 1000 Connecticut Avenue, NW Ward: 2 Developer(s): Connecticut & K Street Associates LLC Architect(s): WDG Architecture PLLC/Pei Cobb Freed & Partners Contractor(s): Clark Construction Group LLC LEED: Platinum Estimated Cost: $180 million Status: Completed Targeted Delivery: 2012 Specs: 1000 Connecticut Avenue is a 12-story, 384,000 sq. ft. office building offering approximately 13,830 sq. ft. of retail space. The building delivered in 2Q 2012 and Arent Fox LLP will occupy 236,000 sq. ft. of space in 2013.

1111 North Capitol Street


Location: 1111 North Capitol Street, NE Ward: 6 Developer(s): Boston Properties/National Public Radio Architect(s): Hickok Cole Architects Contractor(s): Balfour Beatty Construction LEED: Gold Estimated Cost: $115 million Status: Under Construction Targeted Delivery: 1Q 2013 Specs: NPRs new 330,000 sq. ft. headquarters will feature a theater/ production venue, open-concept newsroom and incorporate the historic Chesapeake & Potomac Telephone Co. warehouse.

Image courtesy of CoStar

1700 New York Avenue


Location: 1700 New York Avenue, NW Ward: 2 Developer(s): Carr Development Architect(s): SmithGroupJJR Contractor(s): Balfour Beatty Construction LEED: Gold Estimated Cost: $80 million Status: Under Construction Targeted Delivery: 3Q 2013 Specs: Carr entered into a long-term ground lease with the Corcoran Gallery of Art and will build an eight-story, 124,000 sq. ft. office building. Sullivan & Cromwell will lease about 58,000 sq. ft. of office space.

440 1st Street


Location: 440 1st Street, NW Ward: 6 Developer(s): First Potomac Realty Trust Architect(s): Fox Architects Contractor(s): Sigal Construction Corporation LEED: Platinum Estimated Cost: $40 million Status: Under Construction Targeted Delivery: 2Q 2013 Specs: The former Class-B, 105,000 sq. ft. building is undergoing a gut rehabilitation with the addition of two stories. Once completed the Class-A building will offer 140,000 sq. ft. of space in 10 stories.

24

2012 Washington, DC Economic Partnership

Image courtesy of CoStar

OffIcE DEVELOPMENT
DEVELOPMENt HIGhLIGhtS
Image courtesy of CoStar

900 G Street
Location: 900 G Street, NW Ward: 2 Developer(s): MRP Realty/ASB Real Estate Architect(s): Gensler Contractor(s): James G Davis Construction Corporation LEED: Gold Estimated Cost: $65 million Status: Near Term Targeted Delivery: 2014 Specs: The 93,553 sq. ft. YWCA building at the corner of 9th & G Streets, NW will be demolished and replaced by a nine-story, 110,000 sq. ft. office building with 6,500 sq. ft. of retail space.

Image courtesy of KCCT

PAHO KNOWLEdGE CENTER


Location: 525 23rd Street, NW Client(s): Pan American Health Organization Architect(s): Karn Charuhas Chapman & Twohey Contractor(s): Monarc Construction Inc. Green Elements: This interior renovation optimizing energy performance through lighting & thermal comfort controls, HVAC, and energy star equipment. Low-emitting materials such as adhesives, sealants, paint, flooring, and composite wood were used as well as recycled materials such as carpeting, fabric wall covering and upholstery. Status: Completed Delivery: Design-Bid-Build
The interior renovation of the former library at PAHOs Headquarters transformed the original circular space into a new universally accessible Knowledge Center. The design integrates the distinctive circular geometry of the building into three functional areas arranged in concentric rings: conference rooms at the center; support spaces including a library, built-in workstations, and private offices in the middle ring; and ancillary spaces in

Image courtesy of the AAMC

Association of American Medical Colleges


Location: 655 K Street, NW Ward: 6 Developer(s): Hines Architect(s): Shalom Baranes Associates Contractor(s): Clark Construction Group LLC LEED: Gold Estimated Cost: $115 million Status: Under Construction Targeted Delivery: 1Q 2014 Specs: The AAMCs new 290,000 sq. ft. headquarters, located at the intersecrtion of 7th, K & New York Avenue, will include 14,300 sq. ft. of retail space. AAMC will move into the new building in mid-2014.

the outer-most ring. State-of-the-art audio-visual and videoteleconferencing technology has been incorporated to facilitate emergency communications worldwide. The existing curved marble walls, new curved acoustical natural maple walls, new glass walls and curved acoustical wood ceiling clouds define the spaces by combining elegance with functionality. Additional acoustical quality is achieved with the use of acoustical fabric-finished wall panels in the conference spaces and acoustical plaster ceilings throughout the Center.

LEArN MOrE
about PAHO Knowledge Center
DC Development Report 2012/2013 Edition 25

OffIcE DEVELOPMENT
DEVELOPMENt HIGhLIGhtS
Image courtesy of Stonebridge Carras LLC

3 Constitution Square
Location: 155 N Street, NE Ward: 6 Developer(s): StonebridgeCarras LLC/Walton Street Capital Architect(s): HOK Contractor(s): Clark Construction Group LLC LEED: Platinum Estimated Cost: $140 million Status: Under Construction Targeted Delivery: 3Q 2012 Specs: 3 Constitution Square is a 355,000 sq. ft. office building with 11,000 sq. ft. of retail space. This project is part of Constitution Square, a seven-acre, 2.6 million sq. ft. mixed-use development site.

Forensics Lab
Location: 401 E Street, SW Ward: 6 Developer(s): Department of General Services Architect(s): HOK Contractor(s): Whiting-Turner Contracting Company LEED: Gold Estimated Cost: $215 million Status: Completed Targeted Delivery: 3Q 2012 Specs: The new 287,000 sq. ft. Forensics Lab combines police forensics, public health, a medical examiners office and drug-testing services. It is expected to eventually employ more than 500 people.

Image couresty of Monument Realty

Gallery Tower
Location: 627 - 631 H Street, NW Ward: 2 Developer(s): Monument Realty Architect(s): Cunningham|Quill Architects PLLC Estimated Cost: $42 million Status: Near Term Targeted Delivery: 2014 Specs: Plans call for a 82,500 sq. ft. building with 72,000 sq. ft. of office space and 10,500 sq. ft. of retail space (on two floors). If adjacent parcels can be purchased the project could expand to 450,000 sq. ft. of development with retail, office and residential uses.

Progression Place
Location: 1805 7th Street, NW Ward: 1 Developer(s): Four Points/Ellis Development Group/Jarvis Company Architect(s): Devrouax & Purnell Architects/Eric Colbert & Associates Contractor(s): James G Davis Construction Corp./Gilford Corp. LEED: Silver Estimated Cost: $140 million Status: Under Construction Targeted Delivery: 4Q 20124Q 2013 Specs: The new 50,000 sq. ft. United Negro College Fund HQ will be part of a mixed-use project containing 110,000 sq. ft. of office space, 19,200 sq. ft. of retail space and 205 apartments (7th Flats).

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2012 Washington, DC Economic Partnership

Image courtesy of CoStar

OFFICE DEVELoPMENT
DEVELOPMENT HIGhLIGhTS
Image courtesy of Shalom Baranes Associates Image courtesy of Trammell Crow Company

Square 450
Location: 655 New York Avenue, NW Ward: 6 Developer(s): Douglas Development Corporation Architect(s): Shalom Baranes Associates Status: Long Term Targeted Delivery: 2016 (ph I) Specs: Initial plans for Phase I (Square 450 West) call for 367,000 sq. ft. of office space with about 68,000 sq. ft. of retail space. Phase II (Square 450 East) could be a 260,000 sq. ft. office building with 25,000 sq. ft. of retail space.

Sentinel Square (Phase II)


Location: 1050 1st Street, NE Ward: 6 Developer(s): Trammell Crow Company Architect(s): SmithGroupJJR Contractor(s): Clark Construction Group LLC LEED: Silver Estimated Cost: $105 million Status: Under Construction Targeted Delivery: 4Q 2013 Specs: Sentinel Squares four phases will eventually be able to accommodate 1.3 million sq. ft. Phase II will be a 12-story, 278,817 sq. ft. Class-A office building, with 13,337 sq. ft. of retail space that will deliver in late 2013 or early 2014.

DOUGLAS DEVELOPMENT CORPORATION


enhancing communities & creating dynamic places since 1985

LEARN MORE

about Douglas Development & its future projects

DC Development Report 2012/2013 Edition

27

OffIcE DEVELOPMENT
DEVELOPMENt HIGhLIGhtS
Image courtesy of Property Group Partners Visualization by Interface Multimedia

Capitol Crossing
Location: I-395 at 3rd, E & Massachusetts Avenue, NW Ward: 2 Developer(s): Property Group Partners/Center Place Holdings Architect(s): Kevin Roche John Dinkeloo & Associates/SOM/Kohn Pedersen Fox & Associates LEED: Platinum Estimated Cost: $1.3 billion Status: Long Term Targeted Delivery: 2016 (ph I) Specs: Capitol Crossing will be a 2.2 million sq. ft., three-block, mixeduse development that will be built on a platform above I-395. Full buildout will include 2.0 million sq. ft. of office space, 63,000 sq. ft. of retail space and 150 residential units.

U.S Coast Guard HQ


Location: 2701 Martin Luther King Avenue, SE Ward: 8 Developer(s): GSA Architect(s): HOK/WDG Architecture/Perkins + Will Contractor(s): Clark Construction Group LLC LEED: Gold Estimated Cost: $950 million Status: Under Construction Targeted Delivery: 2Q 2013 Specs: The new 1.2 million sq. ft. office building for the 4,400-employee U.S Coast Guard is located on the 176-acre West Campus of Saint Elizabeths.

Photo by Freddie Lieberman Photography

DELTA ASSOCIATES
Leading advisor and information provider to the Washington-area commercial real estate industry

815 Connecticut Avenue


Location: 815 Connecticut Avenue, NW Ward: 2 Developer(s): Alecta Real Estate Investment LLC Architect(s): VOA Associates Contractor(s): Forrester Construction Company LEED: Gold Estimated Cost: $36 million Status: Under Construction Targeted Delivery: 4Q 2012 Specs: The renovation of the 212,000 sq. ft. existing building includes a new faade, the addition of a roof terrace, extension of the 11th and 12th floors and renovation to all core spaces on all floors.

APARTMENTS | CONDOMINIUMS | OFFICE RETAIL | MIXED-USE


Services Include: Market Studies | Repositioning Analyses | Asset Valuations Feasibility Studies | Litigation Support | Market Data CONSULTING AND ADVISORY SERVICES Gregory H. Leisch, CRE, Chief Executive Greg.Leisch@DeltaAssociates.com

MARKET PUBLICATIONS GROUP Alexander (Sandy) Paul, CRE, National Research Director Alexander.Paul@DeltaAssociates.com www.DeltaAssociates.com | 703.836.5700

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2012 Washington, DC Economic Partnership

REtAIL dEVELOPMENt DEVELOPMENt


Description

RETaIL DEVELOPMENT
DC REtAIL MArKEt SNAPShOt
Retail & Retaurant Sales1 Population Growth (20102011) 2 Retail SF Under Construction
3

$10.0B 2.7% 1.16M SF 9

Grocery Stores Under Construction4

Retail development in DC has been on the upswing since 2009, when retail deliveries hit the second lowest level since 2001 at 266,000 square feet. Looking forward, it is expected that DC will see retail deliveries in excess of 400,000 square feet in both 2013 and 2014. Rhode Island Row with its 70,000 square feet of retail and restaurant space was the largest retail project to deliver this year through August 2012. At the time of publication the project had leases with various retailers such as CVS, Chipotle and Carolina Kitchen. By the end of 2012 it is expected that a total of 428,000 square feet of retail space will have come on line. Most notably will be the new 154,000-square-foot Costco, set to open in November 2012 at The Shops at Dakota Crossing and The Boilermarker Shops (Buzz Bakery, Hueys 24/7 Diner, Bluejacket Brewery, Willies Brew & Cue Sports Bar) in Capitol Riverfront. While food users such as restaurants and grocery stores have been the main driver of retail leases, several apparel retailers opened or announced expansion plans in 2012. In Georgetown, Nike opened a 29,000 square foot superstore (one of nine in the U.S.) and the Shops at Georgetown will be anchored by a new T.J. Maxx and HomeGoods (occupying a total of 47,800 square feet) with J. Crew expanding from 8,000 to 14,000 square feet.5 J. Crew also opened an 8,625 square foot store in Downtown DC in August and Charles Tyrwhitt opened its first DC store in the Golden Triangle in April. H&M also announced plans to open a 21,700 square foot store at the newly renovated Chevy Chase Pavilion. This uptick in retail development can be contributed to several factors, 1. Retailers are looking to expand into urban markets 2. DCs population has increased nearly 43,600 residents since 20076 3. New retail projects bring modern retail space to the market 4. DCs economy and buying power remains one of the strongest in the U.S. 5. There is significant market demand for retail in DC. DCs ratio of shopping center square feet per person is 8.2, while the DC metro area averages 27.87. Grocery stores have recognized these trends for the past decade as 16 new grocery stores have opened in DC since 2000 with another nine under construction. Once dominated by Giant and Safeway, new grocers such as Whole Foods, Trader Joes, Harris Teeter and Aldi have expanded into DC. Over the next two years, DC will welcome new stores from Giant, Safeway, Trader Joes, Harris Teeter, Walmart, Sav-A-Lot and Costco.

1. CFO, Budget & Financial Plan (FY 2010) 2. Census (April 2010 July 2011) 3. WDCEP (8/2012) 4. WDCEP (3Q 2012) 5. Washington Business Journal (9/24/12) 6. Census (2007-2011) 7. Delta Associates (Washington Area Retail Outlook, 3Q 2012)

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2012 Washington, DC Economic Partnership

RETaIL DEVELOPMENT
DEVELOPMENt OVErVIEW

REtAIL DEVELOPMENt (August 2012)


# Of PROJECTs SQ. FT.

261 REtAIL CONStrUctION StArtS (since 2000)


4,523,952 226,178 311,800 347,229 369,208 706,923 294,862 378,658 867,131 265,943 330,700 312,345 112,975 1,162,038 315,082 434,220 399,736 13,000 7,733,925 1,788,372 1,065,075 4,880,478 13,419,915
2000 2001 2002 2003 2004 2005 2006 2007 2008

Completed in 2001 in 2002 in 2003 in 2004 in 2005 in 2006 in 2007 in 2008 in 2009 in 2010 in 2011 in 2012 (YTD) Under Construction 2012 delivery 2013 delivery 2014 delivery 2015+ delivery Pipeline Near Term Medium Term Long Term TOTAL

232 18 22 19 22 25 24 22 22 27 10 11 10 46 14 19 11 2 179 44 49 86 457

27

27

26

23 20

23

22

22 20

18

15

11

7
2009 2010 2011 2012 (YTD)

REtAIL DELIVErIES (sq. ft. in thousands)


867

Completed

Under Construction

707

11-year Annual Average 400,998 sq. ft. 347 312

428 369 295 266 379 331 312 315

434 400

226

113

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

20121

20131

20141

1. projections based on targeted delivery dates of projects under construction as of August 2012

DC Development Report 2012/2013 Edition

31

the new element of style.

Delivering november 2013 citymarketat O .com

Roadside Development salutes the Washington, DC Economic Partnership for its continued success in attracting new businesses and opportunities to our nations capital.
Rapp AD V2.pdf 1 10/18/12 1:50 PM

When you think RETAIL, think Rappaport


Retail Leasing Tenant Representation Property Management Construction Management Consulting & Receivership Services Development Marketing

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Henry Fonvielle, President 571-382-1220 Hfonvielle@rappaportco.com

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32

2012 Washington, DC Economic Partnership

RETaIL DEVELOPMENT
DEVELOPMENt PIPELINE

TOP REtAIL PrOJEctS COMPLEtEd (2011August 2012)


PROJECT WARd LOCATION DEVELOPER(s) SQ. FT. EsT. VALuE1 ($M) DELIVERY

L'Enfant Plaza Redevelopment (Phase I) Square 54 1612 U Street 3Tree Flats 1015 Half Street Walgreens Foundry Lofts Apartments Rhode Island Row 1000 Connecticut Avenue 1020 Monroe

2 2 2 4 6 3 6 5 2 1

950 L'Enfant Plaza, SW 2200 Pennsylvania Ave., NW 1612 U St., NW 39103912 Georgia Ave., NW 1015 Half St., SE 4225 Connecticut Ave., NW 301 Tingey St., SE 2300-2350 Washington Pl., NE 1000 Connecticut Ave., NW 1020 Monroe St., NW

The JBG Companies Boston Properties Urban Adventures of Washington JAIR LYNCH Development/AHDI/ Stratford Capital Group Douglas Wilson Companies Walgreens Forest City Washington Urban Atlantic/A&R Development Connecticut & K Street Associates LLC Madison Investments

87,000 72,000 60,000 28,000 20,000 20,000 10,240 70,000 13,830 7,500

$14 $213 $13 $42 $180 $5 $60 $109 $180 $7

2011 2011 2011 2011 2011 2011 2011 2012 2012 2012

TOP REtAIL PrOJEctS UNdEr CONStrUctION


PROJECT WARd LOCATION DEVELOPER(s) SQ. FT. EsT. VALuE1 ($M) DELIVERY

The Boilermaker Shops The Shops at Dakota Crossing (Costco) CityCenterDC Monroe Street Market 360 H Wonder Bread Factory 77 H Twelve12 CityMarket at O Street (Phase I) Louis at 14th/U

6 5 2 5 6 1 6 6 6 2

400 Tingey St., SE New York & South Dakota Aves., NE 700-800 blocks of Monroe St., NE 360 H St., NE 641 S St., NW 1st & H Sts., NW 1212 4th St., SE 1400 7th St., NW 1920 U St., NW

Forest City Washington Ft. Lincoln New Town Corp./Trammell Crow Co./CSG Urban Partners Abdo Development/Bozzuto Group/ Catholic U. Steuart Investment Company Douglas Development Corporation The JBG Companies/Bennett Group Forest City Washington Roadside Development The JBG Companies/Georgetown Strategic Capital LLC

32,540 154,000 185,000 56,915 42,700 39,741 90,000 88,000 87,000 44,000

$15 $20 $700 $150 $65 $90 $100 $250 $100

2012 2012 2013 2013 2013 2013 2014 2014 2014 2014

9th, 10th, 11th, H, & I Sts., NW Hines/Archstone/The First Investor

TOP REtAIL PrOJEctS PIPELINE (near term)


PROJECT WARd LOCATION DEVELOPER(s) SQ. FT. EsT. VALuE1 ($M) DELIVERY2

The Shops at Dakota Crossing (Phase II) Walmart on Georgia Avenue LEnfant Plaza Redevelopment (Phase II) The Point at Arboretum Fort Totten Square Cathedral Commons Petworth Safeway Akridge at Half Street Capitol Gateway Marketplace Hechts Warehouse

5 4 6 5 4 3 4 6 7 5

New York & South Dakota Aves., NE 5929 Georgia Ave., NW 950 LEnfant Plaza, SW South Dakota Ave. & Riggs Rd., NE 3336-3430 Wisconsin Ave., NW 3830 Georgia Ave., NW 25 M St. & 1201 Half St., SE 58th & East Capitol Sts., NE 1401 New York Ave., NE

Ft. Lincoln New Town Corp./Trammell Crow Co./CSG Urban Partners Foulger-Pratt The JBG Companies The JBG Companies/Lowe Enterprises Giant Food/Bozzuto Group Duball LLC/Safeway Inc. Akridge A&R Development/DCHA/Henson Development Co. Douglas Development Corporation

266,000 106,000 93,000 312,101 130,000 125,000 62,000 55,000 161,750 200,800

$40

2013 2013

$17 $77 $120 $130 $50 $330 $107

2013 2014 2014 2014 2014 2014 2015

New York & Montana Aves., NE WV Urban Developments LLC

1. may include non-retail components 2. delivery date may reect phase I delivery or nal phase delivery

DC Development Report 2012/2013 Edition

33

RETaIL DEVELOPMENT
DEVELOPMENt HIGhLIGhtS
Image courtesy of Forest City Image courtesy of A&R Development

The Boilermaker Shops


Location: 400 Tingey Street, SE Ward: 6 Developer(s): Forest City Washington Architect(s): Gensler Contractor(s): KBS Inc Estimated Cost: $15 million Status: Under Construction Targeted Delivery: 4Q 2012/1Q 2013 Specs: The 45,540 sq. ft. Boilermaker Shop is a renovated historic Navy Yard building that will be transformed into the retail heart of The Yards. The initial tenants will be Buzz Bakery, Hueys 24/7 Diner, Bluejacket Brewery, Willies Brew & Cue sportsbar and Wells Dry Cleaners. There is also 10,000 sq. ft. of office space on the mezzanine level.

Capitol Gateway Marketplace


Location: 58th & East Capitol Streets, NE Ward: 7 Developer(s): A&R Development/DC Housing Authority/Henson Development Company Architect(s): Bignell Watkins Hasser Architects/Massa Montalto Architects Contractor(s): WCS Construction LLC Estimated Cost: $107 million Status: Near Term Targeted Delivery: 2015 Specs: The 12-acre site will be redeveloped into 161,750 sq. ft. of retail space, anchored by a 129,800 sq. ft. Walmart. This project is part of the Capitol Gateway HOPE VI redevelopment.
Visualization by Interface Multimedia

Capitol View on 14th


Location: 2400 14th Street, NW Ward: 1 Developer(s): DCO 2400 14th Street LLC/UDR Architect(s): Shalom Baranes Associates Contractor(s): Donohoe Companies Estimated Cost: $126 million Status: Under Construction Targeted Delivery: 4Q 2012 Specs: 2400 14th Street will be a nine-story, 255-unit apartment building with 15,617 sq. ft. of ground-floor retail. The project started to deliver in November 2012.

Cathedral Commons
Location: 3336 - 3430 Wisconsin Avenue, NW Ward: 3 Developer(s): Giant Food/Bozzuto Group/Southside Investment Partners Architect(s): JCA Architects Contractor(s): Bozzuto Construction LEED: Silver Estimated Cost: $130 million Status: Near Term Targeted Delivery: 3Q 2014 Specs: The existing Giant will be demolished and a new 56,000 sq. ft. store will be built along with an additional 69,000 sq. ft. of retail space and 145 residential units on two separate parcels. Construction started in October 2012.

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2012 Washington, DC Economic Partnership

RETaIL DEVELOPMENT
SUB-SEctION DEVELOPMENt HIGhLIGhtS
Image courtesy of The Rappaport Companies Artist rendering by Neoscape

CityCenterDC
Location: 9th, 10th, 11th, H, & I Streets, NW Ward: 2 Developer(s): Hines/Archstone/The First Investor Architect(s): Foster & Partners/Shalom Baranes Associates/Lee and Associates Contractor(s): Clark Construction Group/Smoot Construction LEED: Gold Estimated Cost: $700 million Status: Under Construction Targeted Delivery: 3Q 2013 Specs: The redevelopment of the southern portion (Parcel A) of the former convention center site will include 515,000 sq. ft. of office space, 185,000 sq. ft. of retail space and 674 residential units.

H Street Connection
Location: 901 H Street, NE Ward: 6 Developer(s): Rappaport Companies Architect(s): Torti Gallas & Partners LEED: Silver Estimated Cost: $250 million Status: Long Term Targeted Delivery: 2015 Specs: This project is a planned redevelopment of an existing shopping center that will include about 384 residential units, 51,500 sq. ft. of street front retail space and structured parking for 405 vehicles.

Image courtesy of Roadside Development

CityMarket at O Street
Location: 1400 7th Street, NW Ward: 6 Developer(s): Roadside Development Architect(s): Shalom Baranes Associates/Lee and Associates Inc Contractor(s): Clark Construction Group LLC LEED: Silver Estimated Cost: $330 million Status: Under Construction Targeted Delivery: 4Q 20132014 Specs: Phase I will include 87,000 sq. ft. of retail space (75,000 sq. ft. Giant Food), 497 residential units, a 182-room Cambria Suites Hotel and about 500 parking spaces. Phase II calls for 145 residential units.

Louis at 14th/U
Location: 1920 U Street, NW Ward: 2 Developer(s): The JBG Companies/Georgetown Strategic Capital LLC Architect(s): Eric Colbert & Associates PC Contractor(s): Balfour Beatty Construction LEED: Silver Estimated Cost: $100 million Status: Under Construction Targeted Delivery: 1Q 2014 Specs: Louis at 14/U will be a nine-story mixed-use building with 268 apartments and 44,000 sq. ft. of retail space (anchored by a Trader Joes).

Image courtesy of The JBG Companies

DC Development Report 2012/2013 Edition

35

RETaIL DEVELOPMENT
DEVELOPMENt HIGhLIGhtS
Image courtesy of Abdo Development

Monroe Street Market


Location: 700 - 800 blocks of Monroe Street, NE Ward: 5 Developer(s): Abdo Development/Bozzuto Group/Catholic University Architect(s): Torti Gallas & Partners/KTGY Contractor(s): Bozzuto Construction Estimated Cost: $150 million Status: Under Construction Targeted Delivery: 4Q 2013 Specs: Phase I will deliver 56,915 sq. ft. of retail space and 562 apartments in Blocks A1, B and C. Some portions of the project may deliver as early as Summer 2013, with a targeted delivery for the entire phase by late 2013/early 2014.

Rhode Island Row


Location: 2300 - 2350 Washington Place, NE Ward: 5 Developer(s): Urban Atlantic/A&R Development Architect(s): Lessard Design Contractor(s): Bozzuto Construction Estimated Cost: $109 million Status: Completed Delivery: 2Q 2012 Specs: Located adjacent to the Rhode Island Metrorail station, Rhode Island Row contains 274 apartments, 70,000 sq. ft. of retail space (leases with CVS, Chipotle, Carolina Kitchen) and 746 parking spaces.

Image courtesy of DMPED

Saint Elizabeths East


Location: Saint Elizabeths East Campus Ward: 8 Developer(s): DC Office of Planning & Economic Development Architect(s): Ayers Saint Gross Inc Estimated Cost: $2.5 billion Status: Long Term Targeted Delivery: 2015 (ph I) Specs: The redevelopment vision calls for 1.5 million sq. ft. of office space, 400 hotel rooms, 1.6 million sq. ft. of residential, 340,000 sq. ft. of retail space as well as institutional, civic, and education uses. Phase I may result in 303 residential units and 141,000 sq. ft. of retail space.

Saint Elizabeths East Gateway Pavilion


Location: Saint Elizabeths East Campus Ward: 8 Developer(s): DC Office of Planning & Economic Development Architect(s): Davis Brody Bond/Robert Silman Associates Contractor(s): KADCON Estimated Cost: $5 million Status: Near Term Targeted Delivery: 2013 Specs: The Gateway Pavilion will be the interim (2-5 years) heart of St. Elizabeths East and provide venues for casual dining, a farmers market, and other weekend and afterhours, community, cultural and arts events.

36

2012 Washington, DC Economic Partnership

Image courtesy of DMPED

RETaIL DEVELOPMENT
DEVELOPMENt HIGhLIGhtS
Image courtesy of The Rappaport Companies Image courtesy of Trammell Crow

The Shops at Dakota Crossing


Location: New York & South Dakota Avenues, NE Ward: 5 Developer(s): Ft. Lincoln New Town Corporation/Trammell Crow/CSG Urban Partners Architect(s): Bignell Watkins Hasser Architects/Ayers Saint Gross Contractor(s): Harvey Cleary Builders LEED: Silver Estimated Cost: $60 million Status: Under Construction Targeted Delivery: 4Q 20124Q 2013 Specs: The 420,000 sq. ft. shopping center will include tenants such as a Costco, Marshalls and two additional large-format anchor tenants. Phase I, which includes the 154,000 sq. ft. Costco, will open in November 2012 and Phase II will deliver the balance of the retail space.
Image courtesy of WV Urban Developments LLC

Skyland Town Center


Location: Alabama Avenue & Naylor Road, SE Ward: 7 Developer(s): Rappaport Companies/WC Smith/Marshall Heights CDO/ Harrison-Malone Development Architect(s): Torti Gallas & Partners Contractor(s): WCS Construction LLC LEED: Silver Estimated Cost: $260 million Status: Medium Term Targeted Delivery: 20162018 Specs: The planned redevelopment of the 18.5-acre Skyland Shopping Center will occur in phases and result in up to 325,000 sq. ft. of retail space, anchored by a 120,000 sq. ft. Walmart, 454 residential units and nearly 1,700 parking spaces.
Image courtesy of Madison Marquette

The Point at Arboretum


Location: New York & Montana Avenues, NE Ward: 5 Developer(s): WV Urban Developments LLC Architect(s): Brown Craig Turner Estimated Cost: $77 million Status: Near Term Targeted Delivery: 2014 Specs: This new 312,000 sq. ft. shopping center will be anchored by a 124,000 sq. ft. Walmart (with pharmacy & grocery), a Burlington Coat Factory and 30-45 additional retailers and restaurants.

The Wharf
Location: Southwest Waterfront Ward: 6 Developer(s): Hoffman-Madison Waterfront/PN Hoffman/Madison Marquette Architect(s): Perkins Eastman/BBG-BBGM/Cunningham|Quill Architects Contractor(s): Gilford Corporation LEED: Gold Estimated Cost: $1.5 billion Status: Long Term Targeted Delivery: 2016 (ph I) Specs: The 1.8 million sq. ft. Phase I will include 225,000 sq. ft. of office, 180,000 sq. ft. of retail, 790 residential units, 683 hotel rooms, 140,000 sq. ft. of cultural and entertainment space and 1,325 underground parking spaces. DC Development Report 2012/2013 Edition 37

RETaIL DEVELOPMENT
DEVELOPMENt HIGhLIGhtS
Image courtesy of Forest City Image courtesy of DMPED

Twelve12
Location: 1212 4th Street, SE Ward: 6 Developer(s): Forest City Washington Architect(s): Shalom Baranes Associates Contractor(s): Walsh Construction Estimated Cost: $100 million Status: Under Construction Targeted Delivery: 2Q 2014 Specs: Twelve12 will feature a 218-unit apartment building above 88,000 sq. ft. of retail space, including a 50,000 sq. ft. Harris Teeter and VIDA Fitness.

Walter Reed
Location: 6800 Georgia Avenue, NW Ward: 4 Developer(s): DC Office of Planning & Economic Development Estimated Cost: $640 million Status: Long Term Delivery: 20172030 Specs: Nearly 66.57 acres of the campus will be redeveloped into 14 acres of open space, 2,000 residential units, 212,000 sq. ft. of retail space, two charter schools and 770,000 sq. ft. of office/medical/ education space.

38

2012 Washington, DC Economic Partnership

RESIdENtIAL DERESIdENtIAL dEVELOPMENt VELOPMENt


Description

REsIdENTIaL DEVELOPMENT
DC RESIdENtIAL MArKEt SNAPShOt
Total Households1 Population Growth (2010-2011) 2 Units Under Construction Avg. Class-A Rental Rate4 Class-A Apartment Vacancy Rate5
3

269,079 2.7% 10,357 $3.08 per SF 3.5%

Prior to the 2008 recession, DC had an average demand of 5,500 residential units per year. During the recession supply dropped to 4,000 units, but rebounded to 6,000 units by 2010. In April of 2010 the ULI conference in Boston ranked Washington, DC #1 in the nation for both an investment and development market symbolizing an obvious sign of growth. Soon after, several developers from across the country searched the Washington market for new investment and development opportunities. In September 2010, some active land sales listings received over 30 offers to purchase. Due to this increase in investment, DC now (as of August 2012) has 10,357 residential units under constructionthe highest number since the WDCEP began tracking development data in 2001. These units will come to market over the next 28 months, with more than 50% of these units delivering in four submarkets: NoMa (2,204 units), Shaw (1,200 units), Capitol Riverfront (1,087 units) and 14th & U/MidCity (945 units). With an increased residential pipeline in the region, investors have stopped funding projects in the tertiary markets (Frederick, Prince William County, Anne Arundel County) as well as secondary markets (Germantown, Gaithersburg, Rockville, Centreville, Prince Georges County) and focusing more on core locations (Arlington, Bethesda and DC). The increased demand in residential development in DC can be seen in the graph below that shows total residential units that have started construction since 2007 in projects with 10 or more units. Assuming development projects in the pipeline stay on schedule, 2012 will top 5,000 units and mark the first time in the past decade that consecutive years have surpassed that mark.

RESIdENtIAL CONStrUctION StArtS (10+ units)3


Projected

5,435

5,274

4,421 3,954 3,570

1,700

926

2007

2008

2009

2010

2011

2012 (YTD)

1. ESRI, 2011 2. Census 3. WDCEP (August 2012) 4. CBRE Research (based on Class-A 853 sq. ft. rental unit) 5. CBRE Research (9/2011 10/2012)

40

2012 Washington, DC Economic Partnership

REsIdENTIaL DEVELOPMENT
DEVELOPMENt OVErVIEW

RESIdENtIAL DELIVErIES (total # of units)


Homeownership Completed Rental Completed Homeownership Under Construction Rental Under Construction 5,133 11-year Annual Average 3,612 units 4,393 163

432 RESIdENtIAL CONStrUctION StArtS2 (since 2000)


(projects with 10+ units)

52

52

4,665

4,243 4,089 635 3,511 1,718 591 2,670 2,128 2,584 912 1,837 3,956 3,983 2,586 3,633

4,316 4,181 234 281

41 40

43

1,414

36
4,230

33 28 30

317 920 3,454 1,909 1,943 524 2,721 1,574 1,828 1,399 1,385 369 2,216

4,035

23

23 17 14

2,920 1,750

2,828

2,547

2,525

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

20121

20131

20141

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012 (YTD)

RESIdENtIAL DEVELOPMENt
# Of PROJECTs SQ. FT. TOTAL UNITs 3 RENTAL UNITs HOMEOWNERsHIP 4 CONdOs

Completed in 2001 in 2002 in 2003 in 2004 in 2005 in 2006 in 2007 in 2008 in 2009 in 2010 in 2011 in 2012 (YTD) Under Construction 2012 delivery 2013 delivery 2014+ delivery Pipeline Near Term Medium Term Long Term TOTAL

435 29 32 47 47 45 46 50 40 35 21 22 21 53 16 21 16 191 52 70 69 679

43,903,233 2,837,032 3,750,300 3,936,855 4,630,970 4,170,870 4,340,551 5,825,803 4,204,734 3,589,130 2,186,187 1,899,277 2,531,524 9,580,027 1,639,570 4,000,313 3,940,144 51,125,299 6,129,389 9,566,610 35,429,300 104,608,559

42,268 2,670 3,511 4,089 4,665 3,956 3,983 5,133 4,243 3,633 1,909 1,943 2,533 10,357 1,648 4,316 4,393 48,618 6,438 9,015 33,165 101,243

27,147 1,750 2,920 3,454 2,828 1,828 1,399 2,547 2,525 2,721 1,385 1,574 2,216 9,679 1,414 4,035 4,230 18,486 4,443 5,060 8,983 55,312

15,121 920 591 635 1,837 2,128 2,584 2,586 1,718 912 524 369 317 678 234 281 163 6,430 835 1,818 3,777 22,229

12,182 409 173 546 1,640 2,061 2,335 2,083 1,649 718 146 269 153 389 56 281 52 4,710 428 1,137 3,145 17,281

1. projections based on targeted delivery dates of projects under construction as of August 2012 2. projects with 10+ residential units 3. apartments & homeownership may not total to residential units due to lack of information for pipeline projects 4. includes condo, single-family, co-op and other for-sale units

DC Development Report 2012/2013 Edition

41

Remarkable Things Happen in Downtown

DowntownDC Business Improvement District DowntownDC.org 202-638-3232 @downtowndcbid

REsIdENTIaL DEVELOPMENT
DEVELOPMENt PIPELINE

TOP RESIdENtIAL PrOJEctS COMPLEtEd (2011August 2012)


PROJECT WARd LOCATION DEVELOPER(s) UNITs TYPE1 EsT. VALuE2 ($M) DELIVERY

Square 54 Yale West Potomac Place Tower South Foundry Lofts Apartments Archstone First + M Meridian at Mount Vernon Triangle Rhode Island Row Flats at Atlas NCBA Estates Paul Laurence Dunbar Apartments

2 6 6 6 6 6 5 5 1 1

2200 Pennsylvania Ave., NW & 2221 I St., NW 443 New York Ave., NW 800 4th St., SW 301 Tingey St., SE 1160 1st St., NE 425 L St., NW

Boston Properties IBG Partners/Bozzuto Group Monument Realty Forest City Washington Archstone Paradigm Development/Steuart Investment Co. Clark Realty Capital LLC National Caucus & Center on Black Aged, Inc. JAIR LYNCH Development Partners/ MacFarlane Partners

335 218 200 170 469 390 274 257 174 171

Apt Apt HO APT Apt Apt Apt APR Apt

$213 $50 $31 $20 $160

2011 2011 2011 2011 2012 2012

2300-2500 Washington Pl., NE Urban Atlantic/A&R Development 1600 Maryland Ave., NE 2801 14th St., NW 2001 15th St., NW

$109 $42 $26 $43

2012 2012 2012 2012

APT

TOP RESIdENtIAL PrOJEctS UNdEr CONStrUctION


PROJECT WARd LOCATION DEVELOPER(s) UNITs TYPE1 EsT. VALuE2 ($M) DELIVERY

CityCenterDC Trilogy at NoMa Monroe Street Market Camden NoMa 2 M Street CityMarket at O Street (Phase I) Park Chelsea Fairway Park Apartments Washington Gateway Apartments Park 7

2 5 5 6 6 6 6 5 5 7

9th, 10th, 11th, H, & I Sts., NW 150, 151, 200 Q St., NE 700-800 blocks of Monroe St., NE 60 L St., NE North Capitol & M St., NE 1400 7th St., NW 880 New Jersey Ave., SE 21st, 22nd St. and Maryland Ave., NE Florida & New York Aves., NE Minnesota Ave. & Benning Rd., NE

Hines/Archstone/The First Investor Mill Creek Residential Trust LLC Abdo Development/Bozzuto Group/Catholic University Camden Property Trust William C. Smith + Co./Warrenton Development Group Roadside Development William C. Smith + Co. William C. Smith + Co./Enterprise Community Partners MRP Realty Donatelli Development/Blue Skye Development

674 603 562 321 314 484 432 406 400 376

Apt/HO Apt Apt Apt Apt Apt Apt Apt Apt Apt

$700 $160 $150 $100 $95 $250 $150 $50 $130 $68

2013 2013 2013 2013 2013 2014 2014 2014 2014 2014

TOP RESIdENtIAL PrOJEctS PIPELINE (near term)


PROJECT WARd LOCATION DEVELOPER(s) UNITs TYPE1 EsT. VALuE2 ($M) DELIVERY3

The Villages at Dakota Crossing (Phase II & III) 1919 14th Street Fort Totten Square Akridge at Half Street 450 K Street Petworth Safeway Cathedral Commons 22 M Street WMATA Parcels RiverFront on the Anacostia (Phase I)

5 1 4 6 6 4 3 6 1 6

Fort Lincoln Dr. & Commodore Joshua Barney Dr., NE 1919 14th St., NW South Dakota Ave. & Riggs Rd., NE 25 M St. & 1201 Half St., SE 450 K St., NW 3830 Georgia Ave., NW 22 M St., NE 8th, 9th St. & Florida Ave., NW 100 Potomac Ave., SE

Fort Lincoln New Town Corp./ Concordia Group Level 2 Development/Keener & Squire Properties The JBG Companies/Lowe Enterprises Akridge Kettler Duball LLC/Safeway Inc. Skanska The JBG Companies FRP Development Corp./MRP Realty

229 144 345 277 233 218 145 275 242 325

HO

$60

2013 2013

Apt

Apt Apt Apt Apt Apt Apt Apt

$120 $330 $80 $50 $130 $75

2014 2014 2014 2014 2014 2015 2015

3336-3420 Wisconsin Ave., NW Giant Food/Bozzuto Group

Apt

$100

2016

1. HO=homeownership; APT=rental 2. may include non-residential components 3. delivery date may reect phase I delivery or nal phase delivery

DC Development Report 2012/2013 Edition

43

REsIdENTIaL DEVELOPMENT
DEVELOPMENt HIGhLIGhtS
Image courtesy of WC Smith Visualization by Interface Multimedia

2 M Street
Location: North Capitol & M Street, NE Ward: 6 Developer(s): William C. Smith + Co./Warrenton Development Group Architect(s): Eric Colbert & Associates PC Contractor(s): WCS Construction LLC LEED: Gold Estimated Cost: $95 million Status: Under Construction Targeted Delivery: 4Q 2013 Specs: 2 M Street is part of the Northwest One New Communities project and will consist of 314 apartments, a roof-top pool and 4,100 sq. ft. of ground floor retail space.

360 H
Location: 360 H Street, NE Ward: 6 Developer(s): Steuart Investment Company Architect(s): Torti Gallas & Partners Contractor(s): Clark Builders Group Estimated Cost: $65 million Status: Under Construction Targeted Delivery: 2Q 2013 Specs: 360 H will be a mixed-use development that will include 215 apartments and 42,700 sq. ft. of retail space, including a 41,200 sq. ft. Giant Food grocery store.

Victory Square
Location: 600 Barnes Street, NE Ward: 7 Developer(s): Bank of America CDC/Victory Housing/City Interests Architect(s): Grimm + Parker & Associates Contractor(s): Hamel Builders Estimated Cost: $19 million Status: Completed Delivery: 3Q 2012 Specs: Victory Square is part of the mixed-use Parkside redevelopment and offers 98 apartments for seniors and 25 enclosed parking spaces. Units range in size from 608 sq. ft.1,016 sq. ft.

77 H
Location: 1st & H Streets, NW Ward: 6 Developer(s): The JBG Companies/Bennett Group Architect(s): MV+A Architects/Preston Partnership LLC Contractor(s): Clark Construction Group LEED: Silver Estimated Cost: $90 million Status: Under Construction Targeted Delivery: 4Q 2013 / 1Q 2014 Specs: The former parking lot will be redeveloped into 90,000 sq. ft. of retail space, anchored by a 76,000 sq. ft. Walmart (with 40,000 sq. ft. for groceries) and 303 apartments. The Walmart plans to open 1Q 2014 and the residential will start to deliver in 4Q 2013.

44

2012 Washington, DC Economic Partnership

Image courtesy of the NoMa BID

REsIdENTIaL DEVELOPMENT
dEVELOPMENt HIGhLIGhtS
Image courtesy of The Menkiti Group Image courtesy of Avalon Bay

901 Monroe Street


Location: 901 Monroe Street, NE Ward: 5 Developer(s): The Menkiti Group/Horning Brothers Architect(s): Esocoff & Associates Contractor(s): Paradigm Construction Estimated Cost: $50 million Status: Medium Term Targeted Delivery: 4Q 2014 Specs: This TOD project will consist of 213 apartments, 13,000 sq. ft. of retail space and 154 parking spaces. Demolition of the existing buildings on the site is expected to start in 4Q 2012.

AVA H Street
Location: 318 I Street, NE Ward: 6 Developer(s): AvalonBay Communities Architect(s): KTGY Contractor(s): AvalonBay Communities Estimated Cost: $35 million Status: Under Construction Targeted Delivery: 4Q 2012 Specs: AVA H Street will offer 138 apartments (studio, one- and twobedroom units) and offer a fitness center, bike storage and repair room, and a penthouse.

Image courtesy of The JBG Companies

Atlantic Plumbing (Parcels A & B)


Location: 2030 & 2112 8th Street, NW Ward: 1 Developer(s): The JBG Companies/Walton Street Capital Architect(s): Morris Adjmi Architects/Eric Colbert & Associates Estimated Cost: $120 million Status: Medium Term Targeted Delivery: 2014 Specs: The former Atlantic Plumbing site (Parcels A & B) will be redeveloped into 375 apartments and 25,000 sq. ft. of retail space.

Bailey Park
Location: 625 Rhode Island Avenue, NW Ward: 6 Developer(s): United House of Prayer Architect(s): Suzane Reatig Architecture Contractor(s): McCullough Construction LLC LEED: Certified Status: Completed Delivery: 3Q 2012 Specs: This new four-story, 16-unit apartment building offers a blend of two and threebedroom units, ranging from 1,150 sq. ft. to 2,200 sq. ft.

DC Development Report 2012/2013 Edition

45

REsIdENTIaL DEVELOPMENT
DEVELOPMENt HIGhLIGhtS
Image courtesy of Clark Realty Capital

Flats at Atlas
Location: 1600 Maryland Avenue, NE Ward: 5 Developer(s): Clark Realty Capital LLC Architect(s): Preston Partnership LLC Contractor(s): Clark Builders Group Estimated Cost: $42 million Status: Completed Delivery: 3Q 2012 Specs: Phase I of the Arboretum Place development delivered in Summer 2012 and offers 257 apartments and 5,000 sq. ft. of retail space.

The Villages at Dakota Crossing


Location: Fort Lincoln Drive & Commodore Joshua Barney Drive, NE Ward: 5 Developer(s): Fort Lincoln New Town Corporation/Concordia Group Contractor(s): Ryan Homes Estimated Cost: $20 million Status: Completed Delivery: 3Q 2012 Specs: Phase I of The Villages at Dakota Crossing consists of 85 townhomes and started to deliver in Spring 2012. The overall planned unit development consists of 334 townhome and townhome style condominiums on 23 acres.

Visualization by Interface Multimedia

Park 7
Location: Minnesota Avenue & Benning Road, NE Ward: 7 Developer(s): Donatelli Development/Blue Skye Development LLC Architect(s): Eric Colbert & Associates PC Contractor(s): Blue Skye Construction LLC Estimated Cost: $68 million Status: Under Construction Targeted Delivery: 1Q 2014 Specs: Park 7, located on a five-acre site at the intersection of Minnesota Avenue and Benning Road, NE, will consist of 376 apartments and 22,000 sq. ft. of retail space.

Petworth Safeway
Location: 3830 Georgia Avenue, NW Ward: 4 Developer(s): Duball LLC/Safeway Inc. Architect(s): Torti Gallas & Partners LEED: Silver Estimated Cost: $50 million Status: Near Term Targeted Delivery: 3Q 2014 Specs: The existing 21,000 sq. ft. store will be demolished and replaced with a new 63,000 sq. ft. grocery store and 218 apartments. A groundbreaking ceremony was held in September 2012.

46

2012 Washington, DC Economic Partnership

Image courtesy of Safeway

REsIdENTIaL DEVELOPMENT
dEVELOPMENt HIGhLIGhtS
Image courtesy of The Jefferson Apartment Group

Jefferson at Market Square


Location: 1550 7th Street, NW Ward: 6 Developer(s): The Jefferson Apartment Group Architect(s): Lessard Design Contractor(s): SE Foster Construction Company Estimated Cost: $80 million Status: Under Construction Targeted Delivery: 1Q 2014 Specs: The former Kelsey Gardens site will be redeveloped into 281 apartments and 13,363 sq. ft. of retail space.

Archstone First + M
Location: 1160 1st Street, NE Ward: 6 Developer(s): Archstone Architect(s): Davis, Carter, Scott Ltd Contractor(s): Paradigm Construction Status: Completed Delivery: 2Q 2012 Specs: The first phase of the Square 673 development is a 13-story, 469unit apartment building with 2,500 sq. ft. of retail space. The average unit size is about 850 sq. ft.

Image courtesy of Perseus Realty

Jefferson 14W
Location: 1325 W Street, NW Ward: 1 Developer(s): Perseus Realty/The Jefferson Apartment Group Architect(s): HOK/Davis, Carter, Scott Ltd Contractor(s): Clark Construction Group LLC Estimated Cost: $80 million Status: Under Construction Targeted Delivery: 4Q 20121Q 2013 Specs: This mixed-use project will include a new 46,000 sq. ft. YMCA, 11,000 sq. ft. of retail space and 231 apartments.

The Avenue
Location: 3506 Georgia Avenue, NW Ward: 1 Developer(s): Park Morton Development Partners/Central Union Mission/Landex Corporation Architect(s): Wiencek + Associates Architects + Planners Contractor(s): Hamel Builders Estimated Cost: $14 million Status: Under Construction Targeted Delivery: 3Q 2012 Specs: The Avenue is the first phase of the Park Morton redevelopment and will offer 83 affordable apartments and 2,600 sq. ft. of retail space. A grand opening ceremony was held in September 2012.

DC Development Report 2012/2013 Edition

47

REsIdENTIaL DEVELOPMENT
DEVELOPMENt HIGhLIGhtS
Image courtesy of The JBG Companies Image courtesy of The JBG Companies

Fort Totten Square


Location: South Dakota Avenue & Riggs Road, NE Ward: 4 Developer(s): The JBG Companies/Lowe Enterprises Real Estate Group Architect(s): Hickok Cole Architects Contractor(s): Clark Builders Group Estimated Cost: $120 million Status: Near Term Targeted Delivery: 2014 Specs: The first phase of the Ft. Totten Square development will deliver 345 apartments, 130,000 sq. ft. of retail space (anchored by a 120,000 sq. ft. urban-format LEED certified Walmart) and 750 parking spaces.
WDCEP 2012.pdf 1 10/22/2012 10:32:18 AM

The District
Location: 1407 S Street, NW Ward: 2 Developer(s): The JBG Companies/Grosvenor USA Architect(s): Shalom Baranes Associates Contractor(s): Lend Lease LEED: Silver Estimated Cost: $60 million Status: Near Term Targeted Delivery: 2013 Specs: The District will include 125 apartments and 18,000 sq. ft. of first floor retail space (anchored by Teds Bulletin). The historic Hudson building on the site will be incorporated into the project.

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HOSPItALItY HOSPItALItYDEVELOPMENt dEVELOPMENt


Description

HOsPITaLITY DEVELOPMENT
DC HOSPItALItY MArKEt SNAPShOt
Annual Visitors1 Hotel Rooms2 Hotel Occupancy Rate2 RevPAR2 Avg. Daily Room Rate2 New Museums/Memorials (since 2001) 3 17.9M 27,633 75.5% $154.93 $202 12

U.S. LOdGING MArKEt


The trailing twelve-month period has been an interesting one for the U.S. lodging sector. Beginning in mid-2011, the industry began to experience headwinds with regard to transaction activity largely based on investor sentiment that RevPAR (revenue per available room) growth would not be sustainable at then-current levels. As a result a substantial decrease in the stock price of lodging companies and REITs occurred, punctuated by one of the largest hotel REITs forfeiting a $12 million earnest money deposit rather than close on a contract to purchase a large Washington, DC hotel asset. At the beginning of 2012, the investment community recognized that RevPARs continued a strong relative growth and most of the major lodging stocks rebounded, nearly reaching the high levels from a year ago. The overall market continues to suffer from tight credit and investor interest is generally limited to a few cities, including New York, Washington, Boston, Miami and San Francisco.

DC LOdGING MArKEt
During the same period, the lodging market in DC remained relatively stable. In 2011, the RevPAR for DC hotels was $155.12, a 3.7% increase from 2010, the second straight year of 3% plus increase in RevPAR. Through the past 12 months (ending September 2012), RevPAR stands at $154.93 and the hotel occupancy rate is 75.5%. The reduction of government-related travel and flat government per diem levels contributed to the downward pressure on RevPAR growth. Looming supply additions in the DC metro area could limit RevPAR growth in the near-term. By the end of 2014, DC alone will add more than 1,500 hotel rooms to its inventory with the additions of the Foggy Bottom 149-room Courtyard by Marriott (1Q 2013 delivery), 1,175-room Marriott Marquis Convention Center Hotel (2Q 2014 delivery) and the 182-room Cambria Suites Hotel (2014 delivery). And if development plans stay on schedule for several planned hotel projects, an additional 1,000 rooms could come to market by the end of 2014. Despite challenges the DC lodging market remains a target market for most institutional hotel investors, with vacancy rates consistently above 70%. A healthy economy, tourist destination and strong government base has resulted in sustained high pricing for recent hotel transactions.4

DC REVPAR% ChANGE5
10.6%

2.8%

3.3%

3.7% 2.2%

2009 2007 2008 2010 2011 2012 (YTD)

-6.1%

1. DestinationDC 2011 Visitor Statistics 2. DC Ofce of Research & Analysis/Smith Travel Research (10/2011 9/2012 averages) 3. WDCEP estimate 4. CBRE Research 5. DC Ofce of Research & Analysis/Smith Travel Research (YTD: 1/2012 9/2012)

50

2012 Washington, DC Economic Partnership

HOsPITaLITY DEVELOPMENT
DEVELOPMENt OVErVIEW

HOSPItALItY DEVELOPMENt 1 (August 2012)


# Of PROJECTs SQ. FT. HOTEL ROOMs

44 HOtEL CONStrUctION StArtS (since 2000)


10,583 411 1,416 490 500 1,106 754 538 2,159 1,035 1,614 204 356 1,667 40 270 1,357 6,470 1,295 1,227 3,948
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Completed in 2001 in 2002 in 2003 in 2004 in 2005 in 2006 in 2007 in 2008 in 2009 in 2010 in 2011 in 2012 (YTD) Under Construction 2012 delivery 2013 delivery 2014 delivery Pipeline Near Term Medium Term Long Term TOTAL

142 11 17 15 13 16 14 7 9 12 12 9 7 16 7 5 4 67 15 19 33 225

14,747,778 683,718 931,600 3,079,707 1,776,381 1,116,564 1,009,386 758,500 3,138,593 820,746 1,052,328 241,255 139,000 2,029,418 210,985 220,070 1,598,363 6,511,947 960,880 1,032,455 4,518,612 23,289,143

(1,007)

(925) (962)

(1,991)

(895)

(2,053) (659) (515)

(1,324) (550)

(237 hotel rooms)

(544)

(40)

18,720

2012 (YTD)

HOtEL DELIVErIES (# of hotel rooms)


2,159

Completed

Under Construction

1,614 1,416

1,357

1,106

1,035

11-year Annual Average 930 hotel rooms

754 538 396 40 204 356

490 411

500

270

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

20122

20132

20142

1. includes community, entertainment, hotel & museum components 2. projections based on targeted delivery dates of projects under construction as of August 2012

DC Development Report 2012/2013 Edition

51

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HOsPITaLITY DEVELOPMENT
DEVELOPMENt PIPELINE

TOP HOSPItALItY PrOJEctS COMPLEtEd (2011August 2012)


PROJECT WARd LOCATION DEVELOPER(s) SQ. FT. ROOMs EsT. VALuE1 ($M) DELIVERY

Hilton Garden Inn 733 10th and G Tenley-Friendship Neighborhood Library Petworth Neighborhood Library The Hill Center Howard Theatre NMAH Garage Infill Project Rosedale Community Center William O. Lockridge/Bellevue Library Francis A. Gregory Library

6 2 3 4 6 1 2 6 8 7

1225 1st St., NE 733 10th St., NW 4450 Wisconsin Ave., NW 4200 Kansas Ave., NW 921 Pennsylvania Ave., SE 620 T St., NW 1400 Constitution Ave., NW 1701 Gales St., NE 115 Atlantic St., SW 3660 Alabama Ave., SE

StonebridgeCarras/Walton Street Capital/OTO Development Skanska/PN Hoffman DC Public Library DC Public Library Capitol Hill Community Foundation/DGS Ellis Development Group Smithsonian Institution DC Department of Parks & Recreation DC Public Library/JAIR LYNCH Development Partners DC Public Library/JAIR LYNCH Development Partners

132,100 25,000 24,000 19,300 17,955 34,000 30,000 30,000 22,500 22,500

204

$150 $85 $16 $12 $10 $24 $10 $17 $14 $16

2011 2011 2011 2011 2011 2012 2012 2012 2012 2012

TOP HOSPItALItY PrOJEctS UNdEr CONStrUctION


PROJECT WARd LOCATION DEVELOPER(s) SQ. FT. ROOMs EsT. VALuE1 ($M) DELIVERY

Tennis, Education and Community Center Jefferson 14W Capella Georgetown The Concordia Courtyard by Marriott Eagle Center (Phase II) Convention Center Hotel (Marriott Marquis) CityMarket at O Street (Phase I) National Museum of AfricanAmerican History & Culture National Law Enforcement Museum

7 1 2 2 2 8 2 6 2 2

East Capitol St. & Stoddert Pl., SE 1325 W St., NW 1050 31st St., NW 515 20th St., NW 3400 Wheeler St., SE 901 Massachusetts Ave., NW 1400 7th St., NW The National Mall 400 block of E St., NW

Washington Tennis & Education Foundation Perseus Realty/Jefferson Apartment Grp. Castleton Holdings All State Hotel LLP Eagle Academy Public Charter School Quadrangle Development/Capstone Development/ING/Marriott Roadside Development Smithsonian Institution NLEOMF

66,000 46,000 42,000 92,000 91,070 27,000 1,076,363 117,000 350,000 55,000 1,175 182 40 105 149

$10 $80 $45 $23 $45

2012 2012 2012 2013 2013 2013

1250 New Hampshire Ave., NW International Monetary Fund

$520 $250 $500 $80

2014 2014 2015 2015

TOP HOSPItALItY PrOJEctS PIPELINE (near term)


PROJECT WARd LOCATION DEVELOPER(s) SQ. FT. ROOMs EsT. VALuE1 ($M) DELIVERY2

1729 H Street Central Union Mission The Watergate Adams Morgan Historic Hotel Hyatt Place Hotel Hilton Garden Inn Life Learning Center GWU Museum Barry Farm Recreation Center 5th & Eye

2 6 2 1 6 2 5 2 8 6

1729 H St., NW 65 Massachussetts Ave, NW 2650 Virginia Ave., NW 1780 Columbia Rd., NW New York Ave. & North Capitol St., NE 2201 M St., NW 1251 Saratoga Ave., NE 21st & G Sts., NW 1230 Sumner Rd., SE 5th & I Sts., NW

OTO Development LLC Central Union Mission Euro Capital Properties Adams Morgan Church Hotel/ Friedman Capital Advisers/Foxhall Partners Morgan Stanley/JBG Urban/ MacFarlane Partners Perseus Realty/OTO Development LLC/Starwood Capital Group Israel Baptist Church George Washington University DGS/DC Department of Parks & Recreation Donohoe Companies/Holland Dev. Group/Harris Dev. Group/Spectrum Mgmt.

57,000 34,000 186,969 176,671 125,000 115,000 32,000 31,470 22,000 84,000

116 $12 355 220 200 238 $14 $22 $23 132 $70 $100 $40

2013 2013 2014 2014 2104 2014 2014 2014 2014 2016

1. may include non-hospitality components 2. delivery date may reect phase I delivery or nal phase delivery

DC Development Report 2012/2013 Edition

53

HOsPITaLITY DEVELOPMENT
DEVELOPMENt HIGhLIGhtS
Image courtesy of The JBG Companies Image courtesy of Friedman Capital

Adams Morgan Historic Hotel


Location: 1780 Columbia Road, NW Ward: 1 Developer(s): Adams Morgan Church Hotel LLC/Friedman Capital Advisors/Foxhall Partners Architect(s): OPX LEED: Silver Estimated Cost: $100 million Status: Near Term Targeted Delivery: 2014 Specs: The 220-room hotel project includes the restoration and preservation of the First Church of Christ, Scientist, and the construction of a nine-story addition. It will also include about 21,000 sq. ft. of retail space and 4,600 sq. ft. of community space.

Hyatt Place Hotel


Location: New York Avenue & North Capitol Street, NE Ward: 6 Developer(s): Morgan Stanley/JBG Urban LLC/JBG Companies/ MacFarlane Partners Architect(s): Shalom Baranes Associates/Cooper Carry Inc Estimated Cost: $40 million Status: Near Term Targeted Delivery: 2Q 2014 Specs: Phase I of the 2.0 million sq. ft. Capitol Square development will be a 200-room Hyatt Place hotel. It will be located on the western portion of the site.

Francis A. Gregory Library


Location: 3660 Alabama Avenue, SE Ward: 7 Developer(s): DC Public Library/JAIR LYNCH Development Partners Architect(s): Adjaye Associates/Wiencek + Associates Architects + Planners Contractor(s): HESS Construction + Engineering Services/Broughton Construction Company LEED: Silver Estimated Cost: $16 million Status: Completed Delivery: 2Q 2012 Specs: The new 22,500 sq. ft. library provides seating for more than 200 users and public meeting spaces that can accommodate up to 100 people. The former library on the site was demolished in Spring 2010. 54 2012 Washington, DC Economic Partnership

Convention Center Hotel (Marriott Marquis)


Location: 901 Massachusetts Avenue, NW Ward: 2 Developer(s): Quadrangle Development/Capstone Development/ ING Clarion/Marriott Architect(s): Thompson Ventulett Stainbeck/Cooper Carry/ Lee and Associates Contractor(s): Hensel Phelps Construction Company LEED: Silver Estimated Cost: $520 million Status: Under Construction Targeted Delivery: 2Q 2014 Specs: Plans for the 1.1 million sq. ft. hotel include 1,175 rooms, 25,000 sq. ft. of retail, 100,000 sq. ft. of meeting space and a 30,000 sq. ft. Grand Ballroom, two 10,800 sq. ft. junior ballrooms and 53,000 sq. ft. of additional meeting rooms.

Image courtesy of the Washington Convention Center

HOsPITaLITY DEVELOPMENT
DEVELOPMENt HIGhLIGhtS DEVELOPMENt HIGhLIGhtS

Courtyard by Marriott
Location: 515 20th Street, NW Ward: 2 Developer(s): All State Hotel LLP Architect(s): WDG Architecture PLLC/HVS Compass Contractor(s): HITT Contracting Inc Estimated Cost: $45 million Status: Under Construction Targeted Delivery: 1Q 2013 Specs: The new Courtyard in Foggy Bottom will offer 149 rooms and three levels of below grade valet parking. The hotel replaced a former parking garage.

The Hill Center


Location: 921 Pennsylvania Avenue, SE Ward: 6 Developer(s): Capitol Hill Community Foundation/DGS Architect(s): BELL Architects Contractor(s): Whiting-Turner Contracting Company LEED: Silver Estimated Cost: $10 million Status: Completed Delivery: 4Q 2011 Specs: The former 15,955 sq. ft. Old Naval Hospital was transformed into a community center offering a place for events, continuing education and cultural programs. The 2,300 sq. ft. carriage house was turned into a caf.

Hilton Garden Inn


Location: 2201 M Street, NW Ward: 2 Developer(s): Perseus Realty/OTO Development/Starwood Capital Group Architect(s): Shalom Baranes Associates Contractor(s): Turner Construction Company LEED: Silver Status: Near Term Targeted Delivery: 1Q 2014 Specs: A new 238-room Hilton Garden Inn with about 4,500 sq. ft. of retail/restaurant space will be built at the corner of 22nd and M Streets, NW.

Howard Theatre
Location: 620 T Street, NW Ward: 1 Developer(s): Ellis Development Group Architect(s): Martinez & Johnson Contractor(s): Whiting-Turner Contracting Company Estimated Cost: $24 million Status: Completed Delivery: 2Q 2012 Specs: The 34,000 sq. ft. Howard Theater underwent a $24 million renovation that resulted in 600700 theater seats, with 1,000 person capacity for standing functions, and a restaurant/caf. It reopened in April 2012 after bring closed for more than 30 years.

Image courtesy of Ellis Development Group

DC Development Report 2012/2013 Edition

55

HOsPITaLITY DEVELOPMENT
DEVELOPMENt HIGhLIGhtS
Image courtesy of Grosvenor USA Image courtesy of WDG

Square 701
Location: 1st & M Streets, SE Ward: 6 Developer(s): Skanska/Grosvenor USA Architect(s): Hickok Cole Architects/Gensler LEED: Platinum Estimated Cost: $250 million Status: Long Term Targeted Delivery: 2015 (ph I) Specs: Plans for the site call for a two residential buildings, totaling 285 units, a 170room hotel, a 224,000 sq. ft. office building and 43,000 sq. ft. of retail space. The residential portion may start construction in 2013.

West End Square 50


Location: 23rd & M Streets, NW Ward: 2 Developer(s): EastBanc/Dantes Partners/Warrenton Development Group Architect(s): TEN Arquitectos/WDG LEED: Gold Estimated Cost: $34 million Status: Medium Term Targeted Delivery: 2015 Specs: The Square 50 development includes a new 15,000 sq. ft. Engine Company #1 fire station, a 20,000 sq. ft. squash club, and 61 residential units.

William O. Lockridge/Bellevue Library


Location: 115 Atlantic Street, SW Ward: 8 Developer(s): DC Public Library/JAIR LYNCH Development Partners Architect(s): Adjaye Associates/Wiencek + Associates Architects + Planners Contractor(s): Coakley Williams Construction Company/Blue Skye Construction LLC LEED: Silver Estimated Cost: $14 million Status: Completed Delivery: 2Q 2012 Specs: The new 22,500 sq. ft. library features three levels and has a meeting room for 100 people, two small conference rooms, and quiet study rooms. The former library on the site was demolished in 2009. 56 2012 Washington, DC Economic Partnership

The Concordia
Location: 1250 New Hampshire Avenue, NW Ward: 2 Developer(s): International Monetary Fund Architect(s): Bonstra|Haresign Architects Contractor(s): Turner Construction Company LEED: Gold Estimated Cost: $23 million Status: Under Construction Targeted Delivery: 1Q 2013 Specs: The Concordia hotel serves members of the International Monetary Fund, the World Bank and designated affiliate organizations. The building will be gutted and re-open as a 121-room extended stay apartment hotel.

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EdUcAtION DEVELOPEdUcAtION dEVELOPMENt MENt


Description

EdUcaTION DEVELOPMENT
DC EdUcAtION MArKEt SNAPShOt
Total College Enrollment1 DC Public School Enrollment2 DC Public Charter School Enrollment Hospitals4 Medical Space Built (since 2001)
3

~80,000 45,191 31,561 15 1.3M SF

Since 2001, more than 11 million square feet of education (primary/secondary, college/university) and medical space has been built or modernized in DC, with another 1.75 million square feet currently under construction. During this time DC has averaged about 913,800 square feet of deliveries per year, a total that will be surpassed in 2012 and 2013. While DC is internationally known for its colleges, universities and hospitals it has been the primary and secondary schools (public and private) that have built the most facilities, accounting for more than half of the 12.8 million square feet completed and under construction. This investment has been fairly recent as 65% of the 2.2 million square feet of primary/secondary space that has been built or modernized has occurred in the past five years. While it is unclear whether this level of construction activity will be met moving forward as many pipeline projects are subject to budget allocation there are still major projects on the horizon such as the new Ballou Senior High School, which will be rebuilt into a new 345,000 square foot building starting in 1Q 2013.

EdUcAtION PrOJEctS UNdEr CONStrUctION & COMPLEtEd (since 2001)


Medical 13% Colleges/ Universities

37%

Primary/ Secondary

51%

With enrollment and competition increasing colleges and universities have built nearly 4.0 million square feet of new dorms and academic centers in DC since 2001, with another 759,000 square feet under construction. By far the most active (by square feet) has been George Washington University, which is responsible for nearly half of all college/university development. Non-DC based colleges that have built substantial new centers include the University of California (2001) and New York University (2012).

COLLEGE/UNIVErSItY DEVELOPMENt UNdEr CONStrUctION & COMPLEtEd5 (sq. ft. in millions)


2.28 George Washington University 1.00 Georgetown University .43 American University .26 Gallaudet University .23 Other .22 Catholic University .15 Howard University .09 .06 University of the District of Columbia Trinity College

1. DC schools belonging to the Consortium of Universities of the Washington Metropolitan Area 2. DC Public Schools (2011-2012) 3. DC Public Charter School Board (2012) 4. U.S. News & World Report/Wikipedia 5. Projects completed since 2001 and under construction (graph not to scale)

60

2012 Washington, DC Economic Partnership

EdUcaTION DEVELOPMENT
DEVELOPMENt OVErVIEW

EdUcAtION DEVELOPMENt 1 (August 2012)


# Of PROJECTs SQ. FT.

149 EdUcAtION CONStrUctION StArtS1 (since 2000)


18 17 16 15 13 12 12 10 12

Completed in 2001 in 2002 in 2003 in 2004 in 2005 in 2006 in 2007 in 2008 in 2009 in 2010 in 2011 in 2012 (YTD) Under Construction 2012 delivery 2013 delivery 2014+ delivery Pipeline Near Term Medium Term Long Term TOTAL

139 14 14 12 17 12 13 2 8 18 7 10 12 14 3 8 3 33 7 7 19 186

11,078,438 773,158 1,119,500 1,130,970 1,237,481 573,944 995,820 176,004 675,570 1,283,875 999,490 1,086,032 1,026,594 1,751,000 147,000 1,102,000 502,000 3,991,325 883,000 614,000 2,494,325 16,820,763
2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012 (YTD)

EdUcAtION DELIVErIES 1 (sq. ft. in thousands)


1,237

Medical Completed

Medical Under Construction

Non-Medical Completed

Non-Medical Under Construction

11-year Annual Average 913,804 sq. ft. 1,284 1,174 36 111 28 224

1,120

1,131 10 996 999

1,086

1,102

227 414 773 36 1,121 574 13 737 706 561 176 138 38 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 551 676 448

999 859 878

105 43 62 20122 20132 20142

1. includes medical projects 2. projections based on targeted delivery dates of projects under construction as of August 2012

DC Development Report 2012/2013 Edition

61

EdUcaTION DEVELOPMENT
DEVELOPMENt PIPELINE

TOP EdUcAtION PrOJEctS COMPLEtEd (2011August 2012)


PROJECT WARd LOCATION DEVELOPER(s) SQ. FT. EsT. VALuE1 ($M) DELIVERY

Woodrow Wilson Senior High School Howard D. Woodson High School Sibley Memorial Medical Office Building GWU Charles E. Smith Center Anacostia Senior High School Regents Hall Takoma Education Center Moten Elementary School KIPP SchoolShaw Campus Turner Elementary School

3 7 3 2 8 2 4 8 6 8

3950 Cheasapeake St., NW 500 Eads St., NE 5255 Loughboro Rd., NW 600 22nd St., NW 1601 16th St., SE 3700 O St., NW 7010 Piney Branch Rd., NW 1565 Morris Rd., SE 421 P St., NW 3264 Stanton Rd., SE

DC Public Schools/DGS/DPR DC Public Schools/DGS Sibley Memorial Hospital George Washington University DC Public Schools/DGS Georgetown University DGS DGS/DC Public Schools JAIR LYNCH Development Partners DC Public Schools/DGS

412,104 235,000 130,000 100,000 207,000 150,000 104,294 99,700 86,000 76,500

$115 $102 $31 $43 $62 $100 $24 $17 $13 $27

2011 2011 2011 2011 2012 2012 2012 2012 2012 2012

TOP EdUcAtION PrOJEctS UNdEr CONStrUctION


PROJECT WARd LOCATION DEVELOPER(s) SQ. FT. EsT. VALuE1 ($M) DELIVERY

Constance Milstein & Family Academic Center Cardozo High School Dunbar Senior High School Scott Project for AFRH School of Public Health & Health Services UDC Student Center Community of Hope Health and Resource Center McKinley Hall Unity Health Care Science & Engineering Building

2 1 5 5 2 3 8 3 7 2

1307 L St., NW 1200 Clifton St., NW 1301 New Jersey Ave. NE 3700 N. Capitol St., NW 24th St. & New Hampshire Ave., NW 4200 Connecticut Ave., NW 4 Atlantic St., SE 4400 Massachussetts Ave., NW

New York University DGS/DC Public Schools DGS/DC Public Schools Armed Forces Retirement Home/GSA George Washington University University of the District of Columbia JAIR LYNCH Development Partners/ City Interests American University George Washington University/ Boston Properties

75,000 395,000 258,000 174,000 115,000 87,000 50,000 62,000 43,000 397,000

$25 $100 $122 $88 $75 $40 $25 $26 $24 $275

2012 2013 2013 2013 2013 2013 2013 2014 2014 2015

Kenilworth Terr. & Hayes St., NE JAIR LYNCH Development Partners 22nd & H Sts., NW

TOP EdUcAtION PrOJEctS PIPELINE (near & medium term)


PROJECT WARd LOCATION DEVELOPER(s) SQ. FT. EsT. VALuE1 ($M) DELIVERY2

514 V Street New South Student Center Procter Hall Eagle Center (Phase III) Ballou Senior High School Sibley Memorial Hospital expansion Washington College of Law Howard Town Center Thaddeus Stevens Place Intercollegiate Athletic Center

5 2 3 8 8 3 3 1 2 2

514 V St., NE 3700 O St., NW Wisconsin Ave. & Lowell Rd., NW 3400 Wheeler Rd., SE 3401 4th St., SE 5255 Loughboro Rd., NW Tenley Campus 2114 Georgia Ave., NW 1050 21st St., NW Georgetown University

Carlos Rosario Public Charter School Georgetown University National Cathedral School Eagle Academy PCS/Ten Square Group DGS/DC Public Schools Sibley Memorial Hospital American University Howard Town Center Developer LLC/ Castle Rock Partners/Cohen Cos./ Howard University Akridge/Argos Group LLC Georgetown University

48,000 45,000 28,000 20,000 345,000 475,000 310,000 27,000 $150 $120 $250 $23 $13

2013 2014 2014 2014 2014 2015 2015 2015

135,000

$60

1. may include non-education components 2. delivery date may reect phase I delivery or nal phase delivery

62

2012 Washington, DC Economic Partnership

EdUcaTION DEVELOPMENT
dEVELOPMENt HIGhLIGhtS
Image courtesy of Bowie Gridley Architects Image courtesy of ZGF Architects

Ballou Senior High School


Location: 3401 4th Street, SE Ward: 8 Developer(s): Department of General Services/DC Public Schools Architect(s): Bowie Gridley Architects/Perkins+Will Contractor(s): Sigal Construction Corporation Estimated Cost: $120 million Status: Near Term Targeted Delivery: 2014 Specs: The new 345,000 sq. ft. school will offer 37 classroom spaces, 13 science and biotechnology labs, 15 classrooms for specialized education, a greenhouse, autotech lab and eightlane, 25yard competition swimming pool.

Community of Hope Health & Resource Center


Location: 4 Atlantic Street, SE Ward: 8 Developer(s): JAIR LYNCH Development Partners/City Interests Architect(s): ZGF Architects LLP Contractor(s): Forrester Construction Company LEED: Silver Estimated Cost: $25 million Status: Under Construction Targeted Delivery: 2013 Specs: The new four-story, 50,000 sq. ft. Center will provide new access to medical, dental, and behavioral healthcare for approximately 8,500 residents of Ward 8. A ceremonial groundbreaking was held in July 2012.

Constance Milstein & Family Academic Center


Location: 1307 L Street, NW Ward: 2 Developer(s): New York University Architect(s): Hickok Cole Architects Contractor(s): Sigal Construction Corporation LEED: Gold Estimated Cost: $25 million Status: Under Construction Targeted Delivery: 3Q 2012 Specs: New York Universitys College of Arts & Sciences new nine-story, 75,000 sq. ft. building will include space for dorms, academic, office, support services and a 140-seat auditorium. The building opened in September 2012.

Educare School
Location: 640 Anacostia Avenue, NE Ward: 7 Developer(s): Educare LEED: Certified Estimated Cost: $16 million Status: Completed Delivery: 2Q 2012 Specs: The 32,100 sq. ft. school, funded by a unique consortium of private and public partners, provides direct services to 171 infants, toddlers, preschoolers and their families in the Parkside community.

DC Development Report 2012/2013 Edition

63

EdUcaTION DEVELOPMENT
DEVELOPMENt HIGhLIGhtS
Image courtesy of Bowie Gridley Architects Image courtesy of Boston Properties

McKinley Hall Renovation


Location: 4400 Massachusetts Avenue, NW Ward: 3 Developer(s): American University Architect(s): Bowie Gridley Architects Contractor(s): Sigal Construction Corporation LEED: Silver Estimated Cost: $26 million Status: Under Construction Targeted Delivery: 1Q 2014 Specs: The 62,000 sq. ft. McKinley Hall project features include a converged newsroom, classrooms, support spaces and a 148-seat theater. The construction includes both renovation of the existing historic building and expansion using a modern glass facade.

Science & Engineering Building


Location: 22nd & H Streets, NW Ward: 2 Developer(s): George Washington University/Boston Properties Architect(s): Ballinger Architects/Hickok Cole Architects Contractor(s): Clark Construction Group LLC LEED: Silver Estimated Cost: $275 million Status: Under Construction Targeted Delivery: 1Q 2015 Specs: The eight-story, 400,000 sq. ft. building will house GWUs science and engineering schools. The building will feature six underground floors (two for programs and four for parking). Demolition of the former parking garage on the site occurred in October 2011.

Image courtesy of Cannon Design

UDC Student Center


Location: 4200 Connecticut Avenue, NW Ward: 3 Developer(s): University of the District of Columbia Architect(s): Cannon Design/Marshall|Moya Design Contractor(s): Forrester Construction Company/Parkinson Construction LEED: Platinum Estimated Cost: $40 million Status: Under Construction Targeted Delivery: 2013 Specs: The University of the District of Columbias new 70,000 sq. ft. student center will include new construction and renovated space. The center will feature a cafeteria, student lounges, recreation area, a 10,000 sq. ft. fitness facilitiy, a ballroom and conference space.

Unity Anacostia
Location: 1500 Galen Street, SE Ward: 8 Developer(s): JAIR LYNCH Development Partners Architect(s): Little Diversified Architecture Contractor(s): Forrester Construction Company LEED: Silver Estimated Cost: $20 million Status: Completed Delivery: 2Q 2012 Specs: The new 28,000 sq. ft. facility will allow the Anacostia Health Center to expand existing services such as primary and specialty care, dentistry, psychiatry, health education, and case management and add an urgent care suite.

64

2012 Washington, DC Economic Partnership

Photo by Freddie Lieberman Photography

EdUcaTION DEVELOPMENT
dEVELOPMENt HIGhLIGhtS
Image courtesy of Smoot Construction

Anacostia Senior High School


Location: 1601 16th Street, SE Ward: 8 Developer(s): DC Public Schools/Department of General Services Architect(s): Sorg & Associates PC Contractor(s): Forrester Construction Company/EEC of DC Inc. LEED: Gold Estimated Cost: $62 million Status: Completed Delivery: 3Q 2012 Specs: The modernization involved 207,000 sq. ft. and resulted in an improved cafeteria, new MEP systems, a new media center, and a restored gymnasium and auditorium. Phase I was completed in August 2011 and Phase II was completed in August 2012.

Dunbar Senior High School


Location: 1301 New Jersey Avenue NE Ward: 5 Developer(s): Department of General Services/DC Public Schools Architect(s): EE&K Architects/Moody-Nolan Architects Contractor(s): Smoot Construction/Gilbane Inc LEED: Platinum Estimated Cost: $122 million Status: Under Construction Targeted Delivery: 3Q 2013 Specs: The new 258,000 sq. ft. Dunbar High School will be organized around the Armory, the central heart of the school. The building will feature four academies with labs and classrooms, performing arts and physical education facilities for 1,100 students.

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DC Development Report 2012/2013 Edition

65

DEVELOPMEN

NT HOT SPOTs

Anacostia | Capitol Riverfront | Mount Vernon Triangle | NoMa | Shaw Description

1 3

Anacostia River Park

AW IRL FA

H
16TH ST

Q ST

U ST

ANAcOStIA

M
Poplar Point

E AV TA O ES NN I M S ST
R ST

ST
U ST

T ST

JR A VE

13TH ST

SHA NN ON

KIN G

14TH ST

13TH ST

W ST

MO NT AV E

8TH ST

T LU 3 IN T 4 AR M

R HE

SU M

VE R

ST

NE R

RD

6 7

HO W AR D

5
RD

ST

EV E

NS

Q ST

RD

LAN S I E RD STANTON OD H R

VE A D
HO W AR D

RR IS

16TH

ST

14TH

I- 2

PL

ST

V ST

ST

GOO 1 DH OP ER

95

5TH ST

DEVELOPMENT HOT sPOTs

RD

Fort Stanton Park

RD

W AD

RD

ST

ITOL

P OM

ELVANS R D

ST

Logan Circle
EROY R D

ERIE

ST

GAINESVILLE ST

O ST

10
MARTIN LUTHER KING JR AVE
ST. ELIZABETHS WEST CAMPUS

ST. ELIZABETHS EAST CAMPUS

UI

TL

ELVANS RD

AN

D PK

WY

13TH ST

N ST

11TH ST

9TH ST

7TH ST

6TH ST

5TH ST

M ST

Anacostia Development Summary

# of Proj.

Total SF

SF

Ofce SF

Res. Units

ANTON RD ST

TotalM
11

BR

T ES Ed. UC

Retail SF

STAN TO

R TE

Est. Value

M ST
$10,430M

Over the past several years the neighborhoods near Martin Luther King Jr. Avenue and Good Hope Road have seen a substantial amount of residential renovaH

Completed (since 2001)


27 2,040,158 466,200 255,000 992 13,500

15TH PL

12

53

24,731,476

526,200

10,653,700

9,799

1,314,100

2ND S T

WASHINGTON CONVENTION CENTER

dan Station and

M B Matthews ST

5T H

W newer developments such as Sheritions and in 2012 C


ST 4T

ST

NE

$441M

Memorial Terrace delivered


AL LE Y

Under Construction (August 2012)


4 1,314,550 0 1,179,550 80 0

L ST

213 additional units to the market. Anacostia and its commercial corridors will also be able to benefit from the construction of the U.S. Coast Guard Headquarters Building which will bring 4,400 employees to the area
7TH ST

SQ

MALCOM X AVE
in May 2013. 68

Pipeline
22 21,376,768 60,000 9,219,150 8,727

W NE SAFEWAY
$1,320M $8,668M

E AV K R YO
ER AH T ANN SAV

1,300,600

AVE AMA ALAB


H NNA
ST

2011 2012 Washington, DC Economic Partnership

NPR
SAVA

K ST

4TH ST
D

ST

T HS 18T

DEVELOPMENT HOT SPOTS


ANAcOStIA
Photo by Freddie Lieberman Photography Image courtesy of Forrester Construction

1 Anacostia Library

2 Unity Anacostia

3 22522228 MLK Avenue

4 Salvation Army

5 Grandview Estates

6 Sheridan Station

7 Barry Farm
Visualization by Interface Multimedia Image courtesy of DMPED

8 Matthews Memorial Terrace


Image courtesy of DMPED

9 Townes of Hillsdale

10 U.S. Coast Guard HQ Building

11 Saint Elizabeths East

12 Saint Elizabeths East Gateway Pavilion


DC Development Report 2012/2013 Edition 69

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strong, healthy

to

TH SOU

CA

CK VE YA

E ST

G ST

1
2ND ST

I-39
I ST

8TH ST

ST

I ST

4
2ND ST
4TH ST

K ST

14TH ST

HALF ST

13TH ST

ST
SOUTH CAPITOL ST

M
8TH ST

K ST

L ST

L ST

M M

MO NT AV E

M ST

VE R

10

1ST ST

ST

11

U.S. DOT

6 7

TINGEY ST

12
NATIONALS PARK

Q ST

OD RH
ST
E AV AC M O

LAN S I E

VE A D

U.S. NAVY YARD

An

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Logan Circle
O ST

OT

HALF ST

13TH ST

N ST

Poplar Point

11TH ST

9TH ST

ST

ST

JR A VE 6TH

95 7TH

TOtAL NEW RESIdENtIAL UNItS1 (since 2006)


SHA NN ON
14TH

M ST

The Capitol Riverfront, a 500-acre neighborhood, is anchored by the U.S. Navy Yard, Nationals Park and the $42 million, 5.4-acre Yards Park. By the end of 2012 the neighborhood will welcome the addition of the three-block Canal Park, Capitol Quarter (Phase II) residences and the 335,000 sq. ft. 200 Eye Street office building, fully leased to the DC Government. The Boilermaker Shops will also open in late 2012/early 2013 with several restaurants. By 2014, the area will add another 1,087 residential units and 151,000 sq. ft. of retail space, including a 50,000 sq. ft. Harris Teeter. 72 2011 2012 Washington, DC Economic Partnership

# of Proj.

Total SF

Hotel Rooms

Ofce SF

Res. Units

Retail SF

Total
65 27,057,043 1,145 12,461,032 10,553

KIN G

Est. Value

MI-2
WASHINGTON CONVENTION CENTER

13TH ST

PL

Capitol Riverfront Development Summary

5TH ST

3,458 2,808

M ST

ST

993,408

$7,732M

2,041

Completed (since 2001)


29 9,738,448 204 5,917,857 2,531 133,940 $2,788M

L ST

Under Construction (August 2012)


8 1,692,040 0 354,500 S

M
644 506

TIN AR M
1,604

ER TH U L

2,201

2,371

2,532

WS

UM

1,087

151,140

$532M

W NE SAFEWAY
09 10 11
1 1

E AV K R YO

Pipeline
28 15,626,555 941

NE R

RD
06 20
6,935 708,328 $4,413M

20

20

20

20

20

ST

EV E

NS

RD

M 1. Deliveries O NPR based on projects under construction (8/2012)

K ST

20

20

HO

20

6,188,675

HO W AR D
07

08

RD

12

13

W AR

RR IS

14

RD

14TH ST

U ST

CAPItOL RIVErFrONt

5TH ST

DEVELOPMENT HOT sPOTs

4TH ST

ST

D ST

J NEW ERSE E Y AV

DEVELOPMENT HOT SPOTS


CAPItOL RIVErFrONt
Image courtest of WC Smith Image courtesy of STUDIOS Architecture

1 Park Chelsea
Image courtesy of Forest City

2 200 Eye Street


Image courtesy of Forest City

3 Canal Park

4 Capitol Quarter (Phase II)


Image courtesy of Forest City

5 Twelve12
Image courtesy of Grosvenor USA

6 The Boilermaker Shops

7 Foundry Lofts Apartments


Image courtesy of Monument Realty Image courtesy of Akridge

8 The Lumber Shed


Image courtesy of WDG

9 Square 701

10 Half Street (Phase II)

11 Akridge at Half Street

12 Camden South Capitol

DC Development Report 2012/2013 Edition

73

9TH ST

5TH ST

M
M ST
2

M
ST
WASHINGTON CONVENTION CENTER

14TH ST

13TH ST

ST

MO NT AV E

8TH ST

W NE SAFEWAY

E AV K R 4 YO 3

4TH ST

U ST

MOUNt VErNON TrIANGLE

7TH ST

6TH ST

NPR

VE R

ST

K ST
7

9 8 10 VE A D 12

Q ST

OD RH
ST

AN L11 S I E

Logan Circle

H ST

MA

SS AC

HU SE

5TH ST

DEVELOPMENT HOT sPOTs

N ST

TT S

O ST

G ST

AV E

11TH ST

9TH ST

M
Res. Units Retail SF

TOtAL NEW RESIdENtIAL UNItS1 (since 2004)

2ND ST

CityVista became the epicenter of the neighborhood in 2008 when it delivered 685 residences, a 55,000 sq. ft. urban lifestyle Safeway grocery store and another 62,000 sq. ft. of retail/restaurants. While the area has been a haven for new residential development (projected total of 2,813 new units built from 2004 2013), office development has given the area a steady daytime population as well. 455 Massachusetts Avenue delivered a new 242,000 sq. ft. office building in 2008 and 425 Eye Street, a 388,000 sq. ft. office building,

# of Proj.

Total SF

Hotel Rooms

Ofce SF

Est. Value

M ST

Total
27 6,743,774 360

E ST

2,623,618

3,842

293,613

$1,966M

5TH ST

F ST

7TH ST

6TH ST

M Mount Vernon Triangle Development Summary

13TH ST

N ST

2,813

2,579 2,189

M ST

1ST ST

Completed (since 2001)


16 3,541,774 228 682,418 2,697 163,648

$886M

WASHINGTON CONVENTION CENTER

1,971

Under Construction (August 2012)


2 518,000 0

L ST

A IA N D and the former NPR HQ site will be redeveloped IN into


underwent a major renovation in 2010. The AAMC will open its a new 600-employee headquarters in 2014 a 450,000 sq. ft. office building. 74 2012 Washington, DC Economic Partnership

VE Pipeline A
9

D ST
1,668,000

273,200

234

23,800

$180M

729 246 321

W NE SAFEWAY
12 1 31 20 09 20 10 20 08 20 11 20 20 1

E AV K R YO

20 04

20 06

20 0

20 0

2,684,000

132

911

106,165

$900M

4TH ST

ST

D ST

I-39 5

NEW JERS
K ST

VE EY A

C ST

1. Deliveries NPR based on projects under construction (8/2012)

PE

AN I IS

AV

DEVELOPMENT HOT sPOTs


MOUNt VErNON TrIANGLE
Image courtesy of WDG

1 Yale West

2 Yale East
Image courtesy of the AAMC

3 460 New York Avenue

4 Meridian at Mount Vernon Triangle


Image courtesy of Boston Properties Image courtesy of The JBG Companies

5 CityVista
Image courtesy of Capital Pixel

6 AAMC

7 601 Massachusetts Avenue


Image courtesy of the Mount Vernon Triangle BID

8 Hampton Inn/555 Mass Avenue

9 440 K

10 425 Eye Street

11 455 Massachusetts Avenue

12 DuMont
DC Development Report 2012/2013 Edition 75

SUMMIT PL

2ND

3RD

U ST

FL OR ID

ST

1ST ST

AA VE

R ST

LINC

S ST

OLN RD

NOMA

14TH ST

13TH ST

ST

SIRIUS XM

FEDEX

P ST

MO NT AV E

has preceded nearly 8.0 million sq. ft. of development


5TH ST

N ST

4TH ST

Square (Phase I), a 1.5 million sq. ft. mixed-use development consisting of 910,000 sq. ft. of office space, 440 apartments, 80,000 sq. ft. of retail anchored by a 50,000 M ST sq. ft. Harris Teeter grocery store and a 204-room Hilton Garden Inn. Seven residential projects are also under construction which will add 2,204 new apartments to the area by 4Q 2014. KA

6TH ST

in the NoMa neighborhood. Most notably Constitution

Q ST

Total
K ST
63 29,402,241 1,022 15,358,715 9,048 1,169,921

NORTH CAPITOL ST

1ST ST

ST

# of Proj.

W Hotel NE SAFEWAY
Total SF Rooms

R YO

VE

OD RH

AN ISL

VE5 A D
7 9 8 10

M ST

Ofce SF

Res. Units

Logan Retail SF Circle


5

Est. Value

L ST

NPR

$9,220M

K ST

Completed (since 2001)


23 7,920,488 422 6,042,403 1,216 154,643

O ST
I ST

$2,526M

Under Construction (August 2012)


11 3,153,022 0 939,480 2,204 127,887 $1,032M

12

11

11TH ST

9TH ST

TOtAL NEW RESIdENtIAL UNItS1 (since 2010) 2010)


G ST
3,376

TT S

AV E

M ST M

F ST

2,673

UNION STATION

M
2ND ST
3RD ST 4TH ST

5TH ST

US E

7TH ST

29

18,328,731

600

8,376,832

5,628

887,391

6TH ST

13TH ST

N ST Pipeline

H ST

MA

H ST
S SA $5,662M CH

M ST
5TH ST
6TH ST

M M
2ND ST
WASHINGTON CONVENTION CENTER

E ST

1,487

L ST

703

20 12 1

41

20 10

20 11

20 13

AVE NA A I IND

D ST

W NE SAFEWAY
A E AV

E AV K R YO

1ST ST

3RD ST

C ST

PEN

1ST ST

NSY 1. Deliveries based on projects under construction (8/2012) 76 2012 Washington, DC Economic Partnership LVA 2011 NIA AVE

AN SI I U LO

Union Station Plaza

20 1

NPR

K ST

Stanton Square

6T HS

The New York Avenue Metro station opening in 2004

VE R

ST

ATF

5T HS T

4T H

NoMa O ST Development Summary


AVE

8TH ST

ST

W NE 3

VE KA R YO

5TH ST

DEVELOPMENT HOT sPOTs


T ST

T ST

4TH ST
T

ST

4TH

5T

J NEW

Y ERSE

I-39

NEW JERS VE EY A

DEVELOPMENT HOT sPOTs


NOMA
Image Courtesy of The JBG Companies Visualization by Interface Media

1 Trilogy at NoMa
Image courtesy of Skanska Image courtesy of StonebridgeCarras LLC

2 Hyatt Place Hotel


Image courtesy of WC Smith

3 Washington Gateway Apartments

4 3 Constitution Square
Image courtesy of WDG

5 44 & 88 M Street

6 2 M Street

7 Archstone First + M
Image courtesy of Trammell Crow Company Image courtesy of Akridge

8 Camden NoMa
Image courtesy of the NoMa BID

9 1111 North Capitol Street

10 Sentinel Square (Phase II)

11 Burnham Place at Union Station

12 77 H
DC Development Report 2012/2013 Edition 77

CREATING EXCEPTIONAL RESULTS


OFFICE | HEALTHCARE | RESIDENTIAL | INDUSTRIAL | MIXED-USE | RETAIL

MCMILLAN REDEVELOPMENT

SENTINEL SQUARE I

ST. MATTHEWS REDEVELOPMENT

SHOPS at DAKOTA CROSSING

SENTINEL SQUARE II

DEVELOPMENT AND INVESTMENT


www.trammellcrow.com/midatlantic
1055 Thomas Jefferson Street NW | Suite 600 | Washington, DC 20007 | (202) 337-1025

AMDS12-9.indd 1

10/22/2012 11:48:11 AM

All in a days workstation

At WorkSpaces we appreciate our manufacturing partners who share in our tireless dedication to service, customer satisfaction and overall quality. Its these relationships that allow us to provide spaces and services that satisfy our clients needs not ours. To learn more about our partners, visit www.WorkSpacesLLC.com

U ST

ShAW

M
1

ST
2 3 4

14TH ST

13TH ST

ST

MO NT AV E

8TH ST

Shaw Development Summary


With the opening of the $850 million Walter E. Washington Convention Center, Shaw is experiencing an urban renaissance that is seeing investment in new office, retail and residential developments. The 1,175-room Convention Center Hotel is under construction and expected to open in 2Q 2014. One block north of the Convention Center, CityMarket at O Street, will deliver 626 residential units, a new 75,000 sq. ft. Giant Food grocery store and a 182-room Cambria Suites Hotel by 2013/2014. Finally, Progression Place will be the new home for the UNCF in 2013 and will deliver 110,000 sq. ft. of office space, 19,200 sq. ft. of retail space and 205 apartments. Furthermore by the end of 2014, CityMarket at O Street,

VE R

ST

Q ST

OD RH

LAN S I E

VE A D
6

ST

Logan Circle add 983 new residential units to the market.


# of Proj. Total SF Hotel Rooms Ofce SF Res. Units Retail SF

Progression Place and Jefferson at Market Square will

Est. Value

5TH ST

DEVELOPMENT HOT sPOTs

Total
45 8,164,760 1,914 817,306 3,175 486,066 $2,542M

O ST
8
68,372 $1,146M

Completed (since 2001)


26 3,479,567 50 11,892 938

13TH ST

N ST Under Construction (August 2012)

11TH ST

9TH ST

7TH ST

2,594,221

1,357

178,442

1,200

184,577

$1,051M

6TH ST

Pipeline
13 2,090,972 507 626,972 1,037

233,117

$345M

M ST

TOtAL NEW RESIdENtIAL UNItS1 (since (sINcE 2004) 2004)


2,100

M
WASHINGTON CONVENTION CENTER

5TH ST

M ST

1,322 1,117 775 590 304 839 884

L ST

10
1 1 1

11

W NE SAFEWAY
12

E AV K R YO

04

05

06

07

08

09

10

11

20

20

20

20

20

20

20

20

12

13

20

20

20

14

80

1. Deliveries based on projects under construction (8/2012) 2012 Washington, DC Economic Partnership

NPR

K ST

4TH ST

ST

Image courtesy of the Washington Convention Center

Image courtesy of Roadside Development

Image courtesy of R2L Architects

Image courtesy of The JBG Companies

4 Wonder Bread

1 WMATA Parcels

7 CityMarket at O

10 Convention Center Hotel


Image courtesy of DHCD Image courtesy of Four Points LLC

Image courtesy of Shalom Baranes Associates

5 Bailey Park

11 Square 450
Image courtesy of The Jefferson Apartment Group

8 Gibson Plaza

2 Progression Place
Image courtesy of Ellis Development Group

Image courtesy of the AAMC

DEVELOPMENT HOT sPOTs

12 AAMC

9 1250 9th Street

3 Howard Theater

6 Jefferson at Market Square

ShAW

DC Development Report 2012/2013 Edition

81

APPENdIX APPENdIX
Methodology | Acknowledgements Description

4 1

DEVELOPMENT OVERVIEW
MEthOdOLOGY The goal of the Washington, DC Economic Partnership was to create a comprehensive database of development activity that would help us find answers to the following questions: What is the make-up of development activity? Where is the development activity occurring? What are the trends? How much is being invested in our community? However, before we could begin to collect development information we had to create a methodology to give us guidance on what data to assemble on each project and which projects to include in our database. The following is a brief explanation of what types of data we try to obtain for each development and how we gather that information. While our database of projects is constantly being updated, for the purposes of this publication all data reflects project status, design and information as of August 2012.

FINANcING SOUrcES
Whenever possible, we identify public and private funding sources.

GENErAL CONtrActOr
As one of our primary sources of information, we maintain information on the general contractors involved in the construction of the project.

GrEEN DEVELOPMENt
If a project contains green elements or sustainable design features it is considered a green project.

GrOUNdBrEAKING
The groundbreaking date is an estimate of when a project is scheduled to start. For projects that are under construction or completed the groundbreaking date can be the date of a groundbreaking event or the date that a building permit was issued on a project.

ArchItEct
As one of our primary sources of information, we maintain information on the architects involved in the design of the project.

HOtEL ROOMS
For hotel projects, we track the number of new and renovated rooms. The number of rooms does not necessarily reflect net new rooms because it does not account for rooms taken out of the inventory.

CONStrUctION TYPE
Components of each project are categorized as one of the following: New Construction, Renovation or Infrastructure. If a project includes both new construction and renovation we try to record each portion separately.

HOt SPOtS
Development hot spots are areas within the city with current development underway or several projects in the pipeline. While there are many areas in the city that easily qualify as hot spots, these areas stand out for their current activity or potential for future development. The areas defined in the book are not based on political or neighborhood boundaries (neighborhood names are chosen in order to give a sense of place to the reader).

DELIVErY
The delivery date is an estimate of when a project is scheduled to be completed. For completed projects, this is the date that the first certificate of occupancy was issued for the project. If no certificate of occupancy was issued then we use the date supplied by a primary or secondary source.

DEScrIPtION
Complex projects and mixed-use developments include a description that highlights key components and other points of interest about the development project.

IMAGErY
Many of the projects in our database include one or more photos, renderings, elevations or other illustrations. In most cases these images are provided by either a primary or secondary source or are photos taken by the WDCEP. In many cases renderings and illustrations are concepts and may not reflect the final design.

DEVELOPEr
As one of our primary sources of information, we maintain information on developers and other controlling interests in development projects.

LEAd TENANt
The lead tenant could be the first lease signed in a new or renovated building or the tenant that occupies the most space.

84

2012 Washington, DC Economic Partnership

DEVELOPMENT OVErVIEw
MEthOdOLOGY

LEED
When possible we track the LEED (Leadership in Energy & Environmental Design) certification level that has either been obtained or planned to achieve. The level listed may reflect the entire project or one component of a mixed-use or multi-phased project.

Long Term: Projects that are not expected to break ground for at least 36 months or longer. These projects are considered part of DCs pipeline. Medium Term: Projects that have the potential to break ground in 1836 months. These projects are considered part of DCs pipeline.  ear Term: Projects that have the potential to break ground N in the next 18 months. These projects are considered part of DCs pipeline. Under Construction: Projects are defined as under construction once a building permit has been issued on the project or a primary source has indicated that construction has begun.  ompleted: Projects are defined as completed once the C first certificate of occupancy is issued on a project, except in the case of a multi-phase project, where each phase of the project is tracked separately. If no certificate of occupancy was issued then we use the date supplied by a primary or secondary source.

LOcAtION
The physical address is used when possible, however when no address is possible the closest intersection is used.

PrOJEct COSt
We track total development costs including both hard and soft costs associated with a project as well as land costs. Whenever possible, we use actual costs provided by primary sources. Sometimes, however, it is necessary to estimate project costs based on historical information. Because of the tremendous amount of construction activity and staff resources required to maintain the data, we established a minimum threshold of $5 million to be included in the database (from 20018/2009 the minimum was $1 million).

USE
Each project is categorized by type of use. For mixed-use developments, we capture the square footage or units/ rooms for each of the following: Community1 Education2 Entertainment3 Hotel Industrial4 Medical5 Museum6 Office Residential Retail

PrOJEct NAME
Project names are generally the name of the building or the development. However, when projects are referenced by different sources with different names, we use the most commonly referenced name of the project. When there is no name for the project, projects are referenced by address.

RESIdENtIAL UNItS
For residential projects, we track the number of units of both new construction and renovation. The number of new residential units does not necessarily reflect the net new units on the market because it does not account for units taken out of the inventory.

WArd
The Ward identified for each project is based off of the 2012 Ward boundaries.

ZIP COdE
Zip codes are tracked for mapping purposes as defined by data from our geographic information system (GIS) and may not reflect the actual U.S. Postal zip code for that address.

SqUArE FOOtAGE
Whenever possible, we try to obtain the total square footage of the project. For mixed-use projects, we break out the square footage associated with each major use.

StAtUS
Each development project is tracked by status and defined by one of the following categories:

1. library, recreational center, place of worship, etc. 2. K12, colleges, universities, etc. 3. movie theaters, live performance venues, etc. 4. industrial & warehouse 5. hospitals, clinics, etc. 6. museums & memorials

DC Development Report 2012/2013 Edition

85

DEVELOPMENT OVErVIEw
MEthOdOLOGY

WhErE dO WE GEt OUr INFOrMAtION?


To capture the most comprehensive inventory, we use a variety of sources to gather information about development activity, and whenever possible, we contact the developers directly to get the most up-to-date and accurate information available and do site location visits to verify the projects status. Often our research uncovers discrepancies in available data on project information such as square footage, cost, number of units, etc. When this occurs, we try to reconcile the differences by speaking directly with parties involved in the development. Some of our sources include:

AddING Or UPdAtING INFOrMAtION


If you are looking for information about a specific project and you do not see it on our list, it may have been omitted for one of the following reasons. 1. It did not meet the $5 million threshold. There is simply too much activity for us to keep accurate information about every improvement made in the District of Columbia. Therefore, we only collect data for projects valued over $5 million. 2. We are missing a key piece of information. Generally we will include projects in our database even if we do not have a complete set of data available. However, some projects are omitted from our reports and analysis if they are missing key data that we use to query or analyze the database. 3. We have questions about the validity of the data. We make every effort to acquire data from multiple and primary sources to validate our information. Frequently, we encounter discrepancies in project details. Whenever possible we try to reconcile those discrepancies. Sometimes, we are unable, and we may exclude the project because of an unresolved question about the data. 4. We may not know about it. Although our data collection methods are comprehensive, we may miss projects. We discover new information almost every day, and we are constantly adding projects as we become aware of them. If you have information about a development that you would like included in our database or if you have discovered errors in our data, please let us know. We rely on your feedback to keep our database accurate. To add or update a record in our database, please contact: Chad Shuskey Senior Vice President, Research & Visual Communications 202.661.8674 | cshuskey@wdcep.com

Primary Sources
Architects Building Permit Data Certificates of Occupancy Developers DC Office of Planning DC Office of the Deputy Mayor for Planning & Economic Development DC Office of the Chief Financial Officer General Contractors Project Managers

Secondary Sources
Brokers CoStar Business Improvement Districts Media & Newspapers Metropolitan Washington Council of Governments Neighborhood Newsletters

Some of the geographic information shown in this book is based on data from the District of Columbia Geographical Information System (DC GIS). The District Government makes no warranty, express or implied, and disclaims all implied warranties of suitability of the DC GIS product for a particular purpose.
Vincent C. Gray, Mayor

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2012 Washington, DC Economic Partnership

DEVELOPMENT OVErVIEw
AcKNOWLEdGEMENtS The Washington, DC Economic Partnership would like to thank the following organizations for their contributions to this years DC Development Report.

A & R Development Corporation Adjaye Associates AEDC Akridge Archstone Atelier Architects Avalon Bay Balfour Beatty Construction BELL Architects Blue Skye Development & Construction Bonstra|Haresign Architects Boston Properties Bowie Gridley Architects Brennan Beer Gorman BBG Capitol Riverfront BID Carr Properties Cassidy Turley CBRE City First Enterprises City Interests Clark Builders Group Clark Realty Cohen Companies CoStar CSG Urban Partners, LLC Cushman & Wakefield Dantes Partners Davis, Carter, Scott DC Building Industry Association DC Department of Consumer & Regulatory Affairs DC GIS DC Housing Authority DC Housing Enterprises DC Housing Finance Agency DC Office of Planning DC Office of the Chief Technology Officer

DC Public Library DC Water DCRealEstate.com Department of General Services Donatelli Development Douglas Development Corporation Downtown BID DRI Partners, Inc Ellis Development Group Encore Development Corporation EYA First Potomac Realty Trust Forest City Washington Forrester Construction Company Fort Lincoln New Town Corporation Foxhall Partners Friedman Capital FRP Development Corp General Services Administration Gensler George Washington University Georgetown University GlobeSt.com GSA H&R Retail Hamel Builders Hargreaves Associates Hickok Cole Architects Hines HITT Horning Brothers Innovative Development Solutions Jair Lynch Development Partners James G. Davis Construction Corporation The JBG Companies

JDLand Jefferson Apartment Group Jubilee Housing Lance Bailey & Associates Inc Lee and Associates Level 2 Development Lincoln Property Company Madison Investments Madison Retail Manna, Inc. Menkiti Group Mill Creek Residential Trust MissionFirst Development MJ Tyler & Assoc. Monument Realty, LLC MRP Realty National Realty & Development Corporation Neighborhood Development Company NoMa BID Office of the Deputy Mayor for Planning & Economic Development OTO Development Paradigm PN Hoffman Property Group Partners Quadrangle Development Corporation The Rappaport Companies Republic Properties Roadside Development Skanska Skidmore Ownings & Merrill SmithGroup Smoot Construction Company of Washington DC Steuart Investment Company Stonebridge Associates, Inc.

Suzane Reatig Architecture Ten Square Group Tishman Speyer Trammell Crow Company Triology NoMa UDR UIP Urban Atlantic Urban Igloo UrbanTurf Washington Business Journal Washington Post WC Smith WDG Architecture Wiencek & Associates The Wilkes Company WMATA WV Urban Developments LLC Zimmer Gunsul Frasca

DC Development Report 2012/2013 Edition

87

It is the mission of the Washington, DCEconomic Partnership, a 501(c)3 organization to promote business opportunities throughout the District of Columbia and to contribute to business retention and attraction activities. 2012 Washington, DC Economic Partnership