growth is built on a solid foundation - capitol riverfront · 2014. 1. 16. · capitol riverfront...
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ANNUAL MEETING &ANNUAL MEETING &STATE OF THE CAPITOL RIVERFRONTGrowth is built on a solid FOUNDATIONJ 16 2014January 16, 2014
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CAPITOL RIVERFRONT BIDBOARD OF DIRECTORS
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CAPITOL RIVERFRONT BIDPROFESSIONAL STAFF
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MIKE RIZZOMIKE RIZZOWashington Nationals Baseball Club
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2013 FOUNDATION AWARDSJanuary 16, 2014
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2013 FOUNDATION AWARD2013 FOUNDATION AWARDPublic Sector Partner
ANTHONY WILLIAMSFormer Mayor, Washington D.C.
Chief Executive Officer and Executive Director, Federal City Council
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2013 FOUNDATION AWARD2013 FOUNDATION AWARDPrivate Sector Partner
FOREST CITY WASHINGTONFOREST CITY WASHINGTON
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2013 FOUNDATION AWARD2013 FOUNDATION AWARDPrivate Sector Partner
WC SMITHWC SMITH
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VICTOR HOSKINSDeputy Mayor for Planning and EconomicDeputy Mayor for Planning and Economic
Development
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CLEAN AND SAFE TEAM AWARDSCLEAN AND SAFE TEAM AWARDSCapitol Riverfront BID
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CAPITOL RIVERFRONT CLEAN & SAFE TEAM2013 ACHIEVEMENTS
14 Clean & Safe Team Members
2013 ACHIEVEMENTS
2 Clean & Safe Team member have been with us since 2007 (when the BID was (formed)
13,500 bags of trash collected
900 hours of landscaping
8,300 requests for information8,300 requests for information answered in 2013
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CLEAN & SAFE TEAM WORKSNEIGHBORHOOD PERCEPTIONS BETTER EACH YEARNEIGHBORHOOD PERCEPTIONS BETTER EACH YEAR
What is your perception of cleanliness and safety in the Capitol Riverfront?
81%94%
80%
90%
100%
40%
50%
60%
70%
10%
20%
30%
40%
6%0%
10%
2007 2008 2009 2010 2011 2012 2013
Very Safe or Safe Very Clean or Clean
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y ySource: 2013 Capitol Riverfront Perception Survey
CLEAN & SAFE TEAM2013 AWARDS2013 AWARDS
Jeffrey MalcolmCertificate of Appreciation
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CLEAN & SAFE TEAM2013 AWARDS2013 AWARDS
Kenneth Ray WilliamsCertificate of Appreciation
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CLEAN & SAFE TEAM2013 AWARDS2013 AWARDS
Gary WilliamsOutstanding Performance
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CLEAN & SAFE TEAM2013 AWARDS2013 AWARDS
Andre TobeEmployee of the Year
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STATE OF THE CAPITOL RIVERFRONT2013 Market Overview
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CAPITOL RIVERFRONT ISONE THIRD BUILT OUTONE-THIRD BUILT-OUT
Office7.4M SF built
Retail210,125 SF built
Residential2,758 units built
Hotel204 rooms built
50%
7.4M SF built
22%
210,125 SF built
24%
2,758 units built
16%
204 rooms built
Existing/Completed Existing/Completed Existing/Completed Existing/CompletedPlanned Planned Planned Planned
TOTAL:12.0M SF built
33%
67%
36.9M SF planned
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Existing/CompletedPlanned
CAPITOL RIVERFRONT ISA MIXED INCOME NEIGHBORHOOD
• 2,254 apartment units1
A MIXED-INCOME NEIGHBORHOOD
• 780 for-sale units (22% affordable) • $2.62 / SF – average rent2
• 90% – average occupancy
(9% affordable)• 100% sold• $432 – Average sale $/SF in90% average occupancy
• 19 units/mo – 2013 average absorption
1 Includes all residential units within BID boundaries plus Camden South Capitol
$432 Average sale $/SF in 2013
1 Includes all residential units within BID boundaries plus Camden South Capitol2 Average effective rent reflects market rate apartments built after 2008
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Capitol Quarter Townhomes 100 at Capitol Yards Camden South Capitol Foundry Lofts
CAPITOL RIVERFRONT DEMOGRAPHICSDIVERSE POOL OF RESIDENTS
31.4 Median Age1
DIVERSE POOL OF RESIDENTS
41% Millennials2
50% Female1
$89 181Median Income1
41% Millennials
40% have one or more pet1
14%$89,181Median Income1
74% Renters1
14% have children <18 years living at home3
Sources:
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Sources: 1 American Community Survey 2012 for Capitol Riverfront BID Census Tract2 U.S. Census, Washington Post, D.C. Office of Planning neighborhood clusters. Millennial is defined as people ages 23-34.3 Capitol Riverfront BID Perception Survey 2013
CAPITOL RIVERFRONT ISA FAMILY FRIENDLY NEIGHBORHOODA FAMILY-FRIENDLY NEIGHBORHOOD
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CAPITOL RIVERFRONT ISA FAMILY FRIENDLY NEIGHBORHOOD
NOON YEAR’S EVE | 12/31/13
2 000+2 000+
A FAMILY-FRIENDLY NEIGHBORHOOD
2,000+ 2,000+ in attendance
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CAPITOL RIVERFRONT ISBUILDING A CIVIC INFRASTRUCTUREBUILDING A CIVIC INFRASTRUCTURE
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CAPITOL RIVERFRONT IS A FITNESS DESTINATIONA FITNESS DESTINATION
Kayaking at Ballpark Boathouse (Diamond Teague Park)
Anacostia River Shapes Up as a Fitness Destination
8/22/13
“swing by the Yards Park on a Friday night this summer and you can get a
glimpse of the river’s future.”
Trapeze School at The Yards
Yoga in Yards Park
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CAPITOL RIVERFRONT IS A FITNESS DESTINATION
Anacostia Riverwalk Trail
A FITNESS DESTINATION
Canal Park Ice Skating Rink
Vida Fitness at Twelve12 (Opening 3Q 2014)
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CAPITOL RIVERFRONT ISTHE BALLPARK STADIUM DISTRICTTHE BALLPARK STADIUM DISTRICTNationals Stadium Proposed DC United Stadium
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CAPITOL RIVERFRONT ISMULTI MODALLY CONNECTEDMULTI-MODALLY CONNECTED
1 mile contiguous riverfront trail1 mile contiguous riverfront trail
4 Capital Bikeshare Stations
10 minute headways on Circulator
9,411 average daily riders at Navy Yard/ Ballpark Metroy p
I-295 & I-395 accessibility
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CAPITOL RIVERFRONT ISEXPERIENCING ONGOING PUBLIC INVESTMENTEXPERIENCING ONGOING PUBLIC INVESTMENT
$9.8M Renovation of Van Ness$9.8M Renovation of Van Ness Elementary School
$600M$600M South Capitol Street Bridge Reconstruction (Phase I)
$$300M 11th Street Bridge Reconstruction (completed)
$150M DC United Soccer Stadium (land & infrastructure)
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( )
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CAPITOL RIVERFRONT HAS A GROWING RESTAURANT CLUSTER 21Opened in 2013:
A GROWING RESTAURANT CLUSTER 21Restaurants
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CAPITOL RIVERFRONT IS AN OFFICE SUBMARKET
2 Federal Anchors - DOT Navy Yard
AN OFFICE SUBMARKET
2 Federal Anchors DOT, Navy Yard
13 privately-owned office buildings
7.4 million SF of office space
50% built-out (office)
32,000 employees
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CAPITOL RIVERFRONT IS GROWING1 264 APARTMENT UNITS UNDER CONSTRUCTION1,264 APARTMENT UNITS UNDER CONSTRUCTION
Park Chelsea, 432 unitsWC Smith | 1Q 2015 Delivery
Twelve12, 218 unitsForest City | 3Q 2014 Delivery
P l N 327 itRi P 287 it Parcel N, 327 unitsForest City | 1Q 2016 Delivery
River Parc, 287 unitsToll Brothers | 3Q 2014 Delivery
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CAPITOL RIVERFRONT IS ADDING MORE RETAILADDING MORE RETAIL
Vida Fitness, Bang Salon, Aura Spa, Sweetgreen, TaKorean (2014)Harris Teeter (2014)
Whole Foods (2017) Showplace ICON Theater (2016)
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CAPITOL RIVERFRONT IS GETTING CLOSER TO 50% BUILD OUTGETTING CLOSER TO 50% BUILD-OUT
Existing & Pipeline Development as a Share of All Planned New Development in the Capitol RiverfrontDevelopment in the Capitol Riverfront
50%47% 50% 51%58%
24% 22%16%
Source: Capitol Riverfront BID
Residential Retail Office Hotel
2013 2017 (Projected)Source: Capitol Riverfront BIDNotes: New residential development includes: Twelve12 (218 units); Park Chelsea (432 units); RiverParc (287 units); Parcel N (327 units); 800 New Jersey (336 units); Gallery at Capitol Riverfront (324 units); Square 701 Apartments (325 units); Lofts at Capitol Quarter (195 units); RiverFront (305 units)
New retail development includes: Twelve12 (88,000 SF); Park Chelsea retail (1,500 SF); Parcel N retail (21,000 SF); Whole Foods (36,000 SF); 1111 New Jersey retail (11,000 SF); ICON Theater (70,000 SF); Square 701 Retail (43,000 SF)
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New office development includes: Square 701 Skanska Office (224,000 SF)
New hotel development includes: Hampton Inn (165 rooms), Square 701 hotel (170 rooms); and 50 M (190 rooms)
ANNUAL MEETING &ANNUAL MEETING &STATE OF THE CAPITOL RIVERFRONTGrowth is built on a solid FOUNDATIONJ 16 2014January 16, 2014
@ CapitolRvrfront#CRBIDAnnualMeeting