bid boundaries · 2020. 9. 16. · be out front sources: esri 2011 estimates, capitol riverfront...
TRANSCRIPT
2013
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BID Boundaries
• I-395
• Anacostia River
• 15th St, SE
• S. Capitol St.
• Section of Buzzards
Point
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• 20 mile riverwalk trail
• Nearly 500 acres
• 36+ million total SF
• 2 miles of riverfront
• 3 new parks (12.5 acres)
Photo by DCairphotos.com– September 2010
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Sources: ESRI 2011 estimates, Capitol Riverfront BID 4Q 2012
3,874
35,000
31,906
69%
$93,115
2.25 million
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Estimated
Delivery Office Sq. Ft. Retail Sq. Ft. Res. Units
Hotel
Rooms Total Sq. Ft. Est. Total Cost
Completed 7,250,040 223,629 2,760 204 11,776,993 $2.8 billion
Under
Construction 17,350 109,850 924 0 1,247,721 $646 million
Planned 8,004,780 564,637 6,176 1,051 23,880,851* $6.1 billion
Totals 15,272,170 898,116 9,860 1,255 36,905,565* $9.5 billion
Source: Capitol Riverfront BID 4Q 2012
•Total sq. ft. numbers include the allowed zoning by right on lots where a
building program has not yet been determined
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Navy Yard 16,000 Employees
Capitol Hill Residential
US DOT HQ
2.25 million average annual visitors
Forest City’s The Yards and city owned Yards Park
2,760 Existing residential units, 94% occupied (3,874 residents, 31,906+ in mile radius)
7.2 million total SF existing & under construction office (35,000 daytime population)
924 residential units under construction
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• 1,000 new residential units will deliver and 800 – 2,000 more units are targeting
to begin construction in the next 12 – 24 months (red = under construction)
Camden South Capitol, 276 units
1212 4th Street, 218 units
Park Chelsea, 430 units
Akridge at Half Street, 280 units
Toll Brothers on First Street, 250 units
Grosvenor Square 701, 285 units
MRP’s Riverfront on the Anacostia, 200 units
Urban Atlantic Square 882, 189 units
Monument’s Half Street, 320 units
Ruben Companies’ 909 Half Street, 400 units
The Yards, Parcel N, 325 units
Camden South Capitol 1212 4th Street Park Chelsea
Sources: Capitol Riverfront BID 4Q 2012
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Forecasting to
surpass 4,000
residents in 2013
Forecasting to
surpass 5,000
residents in 2015
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• 3,874 = total estimated Capitol Riverfront population
• 94% of existing 2,760 TOTAL units are occupied
• 31,906+ live within 1 mile of 3rd and M Street
• Forest City Foundry Lofts, 170 units 100% leased
• Capitol Quarter Townhomes Phase II – completed in 3Q 2012
• Camden South Capitol (276 units), Park Chelsea (430 units), 1212 4th Street
w/Harris Teeter and VIDA Fitness (218 units) all under construction
*Capitol Riverfront BID 4Q 2012
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• 35,000 = daytime population
• 7.2 million total SF (Private & Government owned)
• 17,350 SF under construction
• 16.5% = 4Q 12 private market vacancy rate*
• $46.48 = 4Q 12 avg. Class A full service asking rental rate*
• Since 2001, the CR BID has averaged 200,000 SF of office absorption per year (this does NOT include the USDOT HQ)
*CoStar, CB Richard Ellis
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Existing Office Tenants Include
Other Updates
• 1015 Half Street, tenant tour frequency increasing
• U.S. Naval NAVSEA Command
• U.S. Dept. of Transportation HQ
• Booz Allen Hamilton
• Alion Science & Technology
• Lockheed Martin
• CSC
• BAE Systems
• Northrop Grumman
• 200 I Street housing 3 DC agencies – completed on September 7, 2012 – 1,200 new employees
• General Dynamics
• Dutko Grayling
• DC Department of Transportation
• Federal Aviation Administration
• Sayres & Associates
• Parsons Engineering
• Gryphon Technologies
• U.S. Bureau of Land Management
• DC Water
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Existing tenants include:
Starbucks
CVS Pharmacy
Five Guys
Subway
Justin’s Café
Cornercopia Deli & Market
Congressional Cleaners
Harry’s Reserve
Kruba Thai & Sushi
Potbelly Sandwich Shop
Lot 38 Espresso Bar
Port Café
Chicken Tortilla
Quiznos
Dogma Dog Daycare
Sizzling Express
Wagtime Too
Dominos Pizza
Capital One Bank
SunTrust Bank
Wells Fargo Bank
Bank of America
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Opening in 1Q-2Q 2013
• Gordon Biersch Brewery Restaurant
• Park Tavern at Canal Park
• Bluejacket Brewery/restaurant by Neighborhood Restaurant Group
• Buzz Bakery & Lounge
• Willie’s Brew & Que
• Wells Cleaners
Opening in 3Q – 4Q 2013
• Osteria Morini
• Agua 301
Opening in mid 2014
• Harris Teeter grocery store
• VIDA Fitness
• Bang Salon
• Aura Spa
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Canal Park Now Open
The Yards Riverfront Park
OPEN
The Riverwalk Trail
OPEN
Diamond Teague Park & Piers
OPEN
VA Ave. Park
OPEN
Riverwalk Connection
OPEN
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P90X workout with Tony Horton in the Yards Park
Weekday Evening, no Nationals Game, September 2012
Snallygaster Microbrewery festival in Yards Park, October 2012
Image courtesy of Neighborhood Restaurant Group
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Co
urt
ya
rd
Ma
rrio
tt
M S
treet
DOT HQ
(6,750 Employees) Capitol Hill
Tower
Future
Residential
Future
Residential
Future
Residential
Future
Residential
and office
1100 NJ
Avenue
2nd Place
3rd Street
I S
tree
t
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• New era of access to the river in DC
• 2 miles of riverfront frontage with docks and marinas
• “Green” neighborhood with 4 parks and part of 20 mile riverwalk trail
• One of six high density places to live, work, play on the water in the DC region
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• Riverfront destination
• Business center
• Urban neighborhood
• Neighborhood support retail
• High quality public realm
• Parks & gathering spaces
• Entertainment district
• Identity, place & historic fabric
• Urban walkability – 5 minute neighborhood,
existing walk score of ~80 – very walkable
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• Clean Teams
• Hospitality/Safety Teams
• Public Realm & Infrastructure Management
• Marketing, Branding & PR
• Economic Development and Business Attraction (Office, Retail & Residential Attraction)
• Coordination with Decision Makers & Advocacy
• Community Building & Special Events
(DOT Farmers Market, Lunchtime Concerts, Outdoor Movies, Yards Park events)
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• Monument Realty
• Akridge
• JBG
• William C. Smith + Co.
• Lerner Enterprises
• Cohen Companies
• MRP Realty
• Donohoe Real Estate
• Steuart Investments
• Madison Marquette
• Ruben Companies
• Monday Properties
• Jamestown
• DRI Development
• Camden
• Vornado
• Forest City Washington
• Prudential
• Toll Brothers
• Grosvenor Americas
• Skanska
• Study examining growth along
DC’s Green Line
• Released in January 2012
• Key Findings
Green Line corridor studied
captured more young
professionals in 2000s than
any other line
Jobs located along Green
Line driven by private sector
Capitol Riverfront
development will generate
$2.28 billion in new tax
revenue over next 20 years
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Interactive and downloadable maps and resources available at
www.capitolriverfront.org
www.capitolriverfront.org
Ted Skirbunt
Michael Stevens Executive Director (202) 465-7079 [email protected]
Claire Schaefer Oleksiak Deputy Executive Director (202) 465-7087 [email protected]
Director of Real Estate Research (202) 465-7091 [email protected]
Lacy Wilhoit Stubbs Manager of Park Programming/Marketing (202) 465-7093 [email protected]
Bonnie Wright Office and Project Manager (202) 465-7093 [email protected]
Leon Johnson Director of Parks & Public Realm (202) 465-7093 [email protected]