Introduction Neighborhood Context Financial Strategy

SKYY

Site Concept

SITE CONCEPT

Property Information

• Lot size: 107,321 sq ft

• Building size: 215,000 sq ft

• Height: 6 stories

• Central atrium runs the

complete length of the

building and up to roof

• Steel-framed building

• Constructied in 1941

• CR - commerical, residential, light industrial permitted

• SEFC (Southeast Federal Center) Overlay zone - mixed-development

• Located in Washington Navy Yard Historic District

Property Features Zoning

Sources: Forest City, JDland.com

Site Assessment• Great investment opportunity as this is one of the

worst buildings in a vibrant neighborhood, vacant for several years

• Need to better utilize the huge atrium space and resolve the issue of insufficient natural light

• Solid bones and great historical character make it a unique property especially in light of new buildings in the neighbourhood

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Introduction Neighborhood Context Financial StrategySite Concept

SITE CONCEPTBuilding Design

Open up central atrium with glass roof for the 1st and 2nd floors

Install green roof for energy saving, stormwater management, mitigating heat island effects, etc

Construct internal walls for floors 3-6 and create a light well, providing natural light to interior

Maintain brick exterior and sizable glass windows on building facade

Install balconies for individual condos

Construct 2nd floor interior mezzanine overlooking 1st floor commercial

Retail and RestaurantsOffice Space / Gym

Condos / Hotel

Programming

Open Floor Plan

Preserving History

Sustainable Features

Natural Light

Maximizing potential

Private outdoor spaces

5 Condos / HotelCondos / HotelCondos / Hotel

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6

Floor

(Design in Revit)

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Introduction Neighborhood Context Financial StrategySite Concept

SITE CONCEPT

1st Floor

Restaruant | Retail | Hotel & Apartment Lobby

The first and second floors will offer a modern, industrial feel with a mix of steel beams and exposed brick walls. There will be open seating for people to enjoy their meal or take a break when shopping. First floor will also offers the space for small business to experiment and grow through providing space for small kiosks.

Open Floor Plan

Restaurants like pizza and Shake Shack will provide quick dining options to shoppers, and employees from 2nd floor offices and surrounding office buildings

A Variety of Dining Options

Places like Ted’s Bulletin, a popular local restaurant, will offer a higher end dining experience. Ted’s Bulletin is typically open 7AM – midnight, but we negotiated to have this location available 24 hours to service all of the demand in the area.

Introduction Neighborhood Context Financial Strategy

SKYY

Site Concept

SITE CONCEPT

Shared workspace like WeWork will provide small businesses and entrepreneurs a space to build their ideas while networking with other aspiring business owners.

Price: $45/sf

Modern small offices are available for rent so the building can gain long-term tenants. These spaces are perfect for law firms looking for satellite offices in this area of the city.

Price: $45/sf

Co-working Spaces

A boutique gym and spa provides condo residents and hotel visitors a place to get fit and relax.

Conventional Office Space

Fitness Center and Spa

2nd Floor

(Design in Revit)

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Introduction Neighborhood Context Financial StrategySite Concept

SITE CONCEPT

Condos (Floors 3-6)

• 132 units• One primary exterior entrance ground floor• Four access controlled entrances from parking garage• Assigned parking spaces based on location of apartment for convenience • Balconies on exterior apartments• Free access to 2nd floor fitness facility

Type Square Footage Sales Price

1 Bed / 1 Bath 727 - 796 $373,000 - $405,0001 Bed / 1 Bath + Den 836 - 889 $480,000 - $520,0002 Bed / 2 Bath 1152 - 1215 $775,000 - $815,000

Overall Floor Plan

(Design in Homestyler)

(Design inRevit)

Introduction Neighborhood Context Financial Strategy

SKYY

Site Concept

SITE CONCEPT

Boutique Hotel (Floors 3-6) Hotel Amenities

Close proximity to Nationals Stadium and a variety of events (baseball games, beer festivals, concerts, etc.)

Complimentary kayaking trip on the Anacostia River launched from the Ballpark Boathouse

Affordable luxury Unique historyVibrant surroundings

A beautifully decorated historic hotel with convenient access to historical attractions

Prices: $115 - $195 per nightRooms: 68

Access to on-site fitness facilities and discounted spa during the hotel stay

(Design in Homestyler)