DC Development Report: 2012/2013 Edition

DC

DC Development Report 2012/2013 edition
Development Report
2012/2013 edition

Rendering: 655 New York Avenue, NW

DC Development Report
2012/2013 edition

Image courtesy of Douglas Development

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

a publication of the in partnership with

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

2 © 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 3

ment Overview
1
Executive Summary | Summary of Projects || Summary of ProjectsDevelopment
Executive Summary Most Active | Green | 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, DC’s 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 construction—the 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 DC’s 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 2010—a 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 Safeway’s 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 2008’s total of 2,159 new/renovated rooms.

1. DC Department of Employment Services Office (9/2011-9/2012, preliminary estimates) 2. Census (2011) 3. DC Department of Employment Services Office (9/2012, preliminary estimates) 4. CBRE Research 5. Cathedral Commons and
Safeway’s Petworth are still listed as near term in the report since both started construction after data was collected


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

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


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 District’s 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 building’s 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 DC’s 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)


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

$1.65

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20121 20131 20141

DC Development Projects By Status (August 2012) DC Development Projects By Type
# of Projects Sq. Ft. Estimated Cost # of Projects Sq. Ft. 2 Estimated Cost

New Construction 871 210,644,223 $67,501,700,154
Completed 940 120,976,506 $34,931,352,284
in 2001 79 10,863,811 $2,224,531,829 Renovation 478 58,269,466 $12,410,654,877

in 2002 85 9,189,374 $2,190,473,500 Infrastructure 46 n/a $3,603,466,000
in 2003 95 11,409,328 $3,053,046,485
in 2004 97 11,591,945 $2,761,862,000 DC Development Projects by Use3
in 2005 87 10,180,302 $2,390,115,944 # of Projects Sq. Ft. Units/Rooms
in 2006 102 12,933,180 $3,705,380,585
in 2007 73 11,621,355 $3,599,389,760 Education 186 16,820,763
in 2008 81 12,154,851 $4,128,790,000 Medical 27 4,115,190
in 2009 86 12,248,868 $4,390,058,073 College/University 51 5,228,948
in 2010 52 7,977,660 $2,508,795,163 Other Education 108 7,476,625
in 2011 57 5,944,403 $2,324,623,945 Hospitality 225 23,289,143 18,720
in 2012 (YTD) 46 4,861,429 $1,654,285,000 Community 91 2,256,081
Entertainment 26 4,236,932
Under Construction 113 21,526,569 $9,479,543,000
Hotel 83 12,900,180 18,720
2012 delivery 37 3,703,786 $1,015,849,000
Museum 39 3,895,950
2013 delivery 50 10,627,553 $4,775,916,000
2014 delivery 22 5,913,412 $2,669,141,000 Industrial 7 953,192

2015+ delivery 4 1,281,818 $1,018,637,000 Infrastructure 46
Office 349 99,130,123
Pipeline 342 127,371,932 $39,104,925,747
Near Term 87 11,512,628 $3,123,993,747 District Government 7 1,553,500
Medium Term 106 17,792,058 $4,575,279,000 Federal Government 41 18,588,461
Long Term 149 98,067,246 $31,405,653,000 Residential 679 104,608,559 101,243
Total 1,395 269,875,007 $83,515,821,031 Retail 457 13,419,915

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 reflected in multiple uses


Summary of Projects

Office Retail Residential Hospitality Education

Projects Completed (2001–August 2012)
# of Projects Sq. Ft. Units Rooms

Office 207 45,198,447
Retail 232 4,523,952
121.0M Sq. Ft. Completed
Residential 435 43,903,233 42,268
Hospitality 142 14,747,778 10,583
Education 139 11,078,438
Total Estimated Value of Projects: $34.9 billion

Projects Under Construction

Office 29 6,324,827
Retail 46 1,162,038
21.5M Sq. Ft. Under Construction
Residential 53 9,580,027 10,357
Hospitality 16 2,029,418 1,667
Education 14 1,751,000

Projects Near Term

Office 15 2,403,834
Retail 44 1,788,372
11.5M Sq. Ft. Near Term
Residential 52 6,129,389 6,438
Hospitality 15 960,880 1,295
Education 7 883,000

Projects Medium Term

Office 23 4,921,621
Retail 49 1,065,075
17.8M Sq. Ft. Medium Term
Residential 70 9,566,610 9,015
Hospitality 19 1,032,455 1,227
Education 7 614,000

Projects Long Term

Office 75 40,281,394
Retail 86 4,880,478
98.1M Sq. Ft. Long Term
Residential 69 35,429,300 33,165
Hospitality 33 4,518,612 3,948
Education 19 2,494,325
NOTE: mixed-use projects may be reflected in multiple uses.


Most Active Developers, Architects & Contractors

The figures below list the developers, architects and contractors that have been the most active in contributing to DC’s
development activity.

Most Active Private Developers (# of projects)1 Completed Under Construction Pipeline

PN Hoffman
16 1 1 18

Douglas Development Corporation
11 2 11 24

JAIR LYNCH Development Partners
20 3 5 28

WC Smith
16 5 8 29

The JBG Companies
20 8 11 39

Most Active Architects (# of projects)1
Hickok Cole Architects
28 5 9 42

WDG
27 4 13 44

Eric Colbert & Associates PC
30 5 9 44

Bonstra|Haresign Architects
28 8 14 50

Shalom Baranes Associates
34 9 23 66

Most Active General Contractors (# of projects) 2
WCS Construction LLC
14 4 8 26

Hamel Builders
17 7 2 26

James G Davis Construction Corporation
24 5 2 31

Forrester Construction Company
27 6 1 34

Clark Construction Group LLC
34 14 5 53

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


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1
Office development
Description

Office Development

DC Office Market Snapshot (3Q 2012)1
Inventory 124.1M SF
Total Vacancy Rate 10.1%
Net Absorption (4Q11—3Q12) 274,248 SF
Overall Avg. Asking Rental Rate $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, DC’s 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 4%
16%

48% New/Relet
Renewal 32%

Two of the city’s 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 & Burling’s 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)


Office Development

Office Development (August 2012) 133 Private Office Construction Starts1 (since 2000)
# of Projects Sq. Ft. (projects with 50,000+ sq. ft. of office)
Completed 207 45,198,447
in 2001 27 6,331,725
in 2002 23 3,013,280
in 2003 19 2,769,592
in 2004 12 3,201,153
in 2005 17 3,622,716
in 2006 25 5,903,380 16 16
in 2007 16 4,276,463
in 2008 21 3,261,473 14
13 13
in 2009 23 6,033,060
12
in 2010 10 3,408,455
in 2011 10 2,442,869 12
in 2012 (YTD) 4 934,281 11
8 8
Under Construction 29 6,324,827
2012 delivery 8 1,144,560
2013 delivery 19 4,440,249
2014+ delivery 2 740,018

Pipeline 113 47,606,849 4
Near Term 15 2,403,834 3 3
Medium Term 23 4,921,621
Long Term 75 40,281,394
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Total 349 99,130,123 (YTD)

Office Deliveries (sq. ft. in millions) Government Completed Government Under Construction Private Completed Private Under Construction

6.3

6.0
5.9
0.4

2.3
1.5 11-year Annual Average
4.0 million sq. ft.
4.4
4.3

0.6
3.6
3.4 2.1
3.3
3.2
3.0
2.8 5.6 0.7
2.4
1.2
1.2

4.4 2.1
4.1 1.2
3.6 3.7 0.6
3.0 2.7
2.8
0.5 2.3
2.0 2.1
1.3 0.5
0.3
0.4 0.3

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20121 20131 20141

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


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Office Development
Development Pipeline

Top Office Projects Completed (2011 – August 2012)
Project Ward Location Developer(s) Sq. Ft. Est. Value1 ($M) Delivery

Square 54 2 2200 Pennsylvania Ave., NW Boston Properties 439,798 $213 2011
Supreme Court Modernization 6 Supreme Court Architect of the Capitol 414,289 $76 2011
1015 Half Street 6 1015 Half St., SE Douglas Wilson Companies 380,000 $180 2011
Mary E. Switzer Building (Phase II) 6 330 C St., SW GSA 329,000 $62 2011
Eisenhower Executive Office Building 17th St. & Pennsylvania Ave.,
2 GSA 213,540 $198 2011
(Phase III) NW
Department of the Interior (Phase V) 2 1849 C St., NW GSA 200,000 $58 2011
733 10th & G 2 733 10th St., NW Skanska/PN Hoffman 165,092 $85 2011
1000 Connecticut Avenue 2 1000 Connecticut Ave., NW Connecticut & K Street Assoc. LLC 370,170 $180 2012
Forensics Lab 6 401 E St., SW Department of General Services 287,000 $215 2012
U.S. Department of Commerce - 14th St. & Constitution Ave.,
2 GSA 242,961 $118 2012
Herbert Hoover Building (Phase II) NW

Top Office Projects Under Construction

Harry S. Truman Building 2 2201 C St., NW GSA 270,000 $38 2012
200 Eye Street 6 200 I St., SE StonebridgeCarras LLC/DGS 330,000 $86 2012
U.S. Coast Guard 2701 Martin Luther King
8 GSA 1,179,550 $950 2013
Headquarters Building Ave., SE
CityCenterDC 2 9th, 10th, 11th, H, & I Sts., NW Hines/Archstone/The First Investor 515,000 $700 2013
Federal Office Building 8 2 200 C St., SW GSA 464,402 $129 2013
GSA Headquarters (Phase I) 2 1800 F St., NW GSA 387,824 $161 2013
StonebridgeCarras LLC/
3 Constitution Square 6 155 N St., NE 344,000 $140 2013
Walton Street Capital
1111 North Capitol Street 6 1111 North Capitol St., NE Boston Properties/NPR 330,000 $115 2013
Association of American Medical
6 655 K St., NW Hines 273,200 $115 2014
Colleges
Lafayette Building 2 811 Vermont Ave., NW GSA 466,818 $164 2017

Top Office Projects Pipeline (near term)
Project Ward Location Developer(s) Sq. Ft. Est. Value1 ($M) Delivery2

Akridge at Half Street 6 25 M St. & 1201 Half St., SE Akridge 370,000 $330 2014
2001 M Street 2 2001 M St., NW Brookfield Properties 285,000 2014
1200 17th Street 2 1200 17th St., NW Akridge 162,000 $110 2014
900 G Street 2 900 G St., NW MRP Realty/ASB Real Estate 103,500 $65 2014
Gallery Tower 2 627-631 H St., NW Monument Realty 72,000 $42 2014
1525 Fourteen 2 1525 14th St., NW Furioso Development 38,400 $11 2014
1728 14th Street 2 1728 14th St., NW Perseus Realty 14,534 2014
1442 Pennsylvania Avenue 6 1442 Pennsylvania Ave., SE Douglas Development Corporation 2014
601 Massachusetts Avenue 6 601 Massachusetts Ave., NW Boston Properties 430,000 $150 2015
Donohoe Companies/Holland
1111 New Jersey Avenue 6 1111 New Jersey Sve., SE 201,400 $50 2015
Development Group LLC

1. may include non-office components 2. delivery date may reflect phase I delivery or final phase delivery


Office Development
Development Highlights

1000 Connecticut Avenue 1111 North Capitol Street
Location: 1000 Connecticut Avenue, NW Ward: 2 Location: 1111 North Capitol Street, NE Ward: 6
Developer(s): Connecticut & K Street Associates LLC Developer(s): Boston Properties/National Public Radio
Architect(s): WDG Architecture PLLC/Pei Cobb Freed & Partners Architect(s): Hickok Cole Architects
Contractor(s): Clark Construction Group LLC Contractor(s): Balfour Beatty Construction
LEED: Platinum Estimated Cost: $180 million LEED: Gold Estimated Cost: $115 million
Status: Completed Targeted Delivery: 2012 Status: Under Construction Targeted Delivery: 1Q 2013
Specs: 1000 Connecticut Avenue is a 12-story, 384,000 sq. ft. office Specs: NPR’s new 330,000 sq. ft. headquarters will feature a theater/
building offering approximately 13,830 sq. ft. of retail space. The production venue, open-concept newsroom and incorporate the
building delivered in 2Q 2012 and Arent Fox LLP will occupy 236,000 sq. historic Chesapeake & Potomac Telephone Co. warehouse.
ft. of space in 2013.
Image courtesy of CoStar


1700 New York Avenue 440 1st Street
Location: 1700 New York Avenue, NW Ward: 2 Location: 440 1st Street, NW Ward: 6
Developer(s): Carr Development Developer(s): First Potomac Realty Trust
Architect(s): SmithGroupJJR Architect(s): Fox Architects
Contractor(s): Balfour Beatty Construction Contractor(s): Sigal Construction Corporation
LEED: Gold Estimated Cost: $80 million LEED: Platinum Estimated Cost: $40 million
Status: Under Construction Targeted Delivery: 3Q 2013 Status: Under Construction Targeted Delivery: 2Q 2013
Specs: Carr entered into a long-term ground lease with the Corcoran Specs: The former Class-B, 105,000 sq. ft. building is undergoing a gut
Gallery of Art and will build an eight-story, 124,000 sq. ft. office rehabilitation with the addition of two stories. Once completed the
building. Sullivan & Cromwell will lease about 58,000 sq. ft. of office Class-A building will offer 140,000 sq. ft. of space in 10 stories.
space.


Office Development
Development HIghlights

Image courtesy of KCCT
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
paho knowledge center
LEED: Gold Estimated Cost: $65 million
Location: 525 23rd Street, NW
Status: Near Term Targeted Delivery: 2014
Specs: The 93,553 sq. ft. YWCA building at the corner of 9th & G
Client(s): Pan American Health Organization
Streets, NW will be demolished and replaced by a nine-story, 110,000 Architect(s): Karn Charuhas Chapman & Twohey
sq. ft. office building with 6,500 sq. ft. of retail space. 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
Image courtesy of the AAMC

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 PAHO’s
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
the outer-most ring. State-of-the-art audio-visual and video-
Association of American Medical Colleges
teleconferencing technology has been incorporated to facilitate
Location: 655 K Street, NW Ward: 6
emergency communications worldwide. The existing curved
Developer(s): Hines
Architect(s): Shalom Baranes Associates marble walls, new curved acoustical natural maple walls, new glass
Contractor(s): Clark Construction Group LLC walls and curved acoustical wood ceiling clouds define the spaces
LEED: Gold Estimated Cost: $115 million by combining elegance with functionality. Additional acoustical
Status: Under Construction Targeted Delivery: 1Q 2014 quality is achieved with the use of acoustical fabric-finished wall
Specs: The AAMC’s new 290,000 sq. ft. headquarters, located at the panels in the conference spaces and acoustical plaster ceilings
intersecrtion of 7th, K & New York Avenue, will include 14,300 sq. ft. of throughout the Center.
retail space. AAMC will move into the new building in mid-2014.

Learn More
about PAHO Knowledge Center

Office Development
Image courtesy of Stonebridge Carras LLC

3 Constitution Square Forensics Lab
Location: 155 N Street, NE Ward: 6 Location: 401 E Street, SW Ward: 6
Developer(s): StonebridgeCarras LLC/Walton Street Capital Developer(s): Department of General Services
Architect(s): HOK Architect(s): HOK
Contractor(s): Clark Construction Group LLC Contractor(s): Whiting-Turner Contracting Company
Status: Under Construction Targeted Delivery: 3Q 2012 Status: Completed Targeted Delivery: 3Q 2012
Specs: 3 Constitution Square is a 355,000 sq. ft. office building with Specs: The new 287,000 sq. ft. Forensics Lab combines police forensics,
11,000 sq. ft. of retail space. This project is part of Constitution Square, public health, a medical examiner’s office and drug-testing services. It is
a seven-acre, 2.6 million sq. ft. mixed-use development site. expected to eventually employ more than 500 people.
Image couresty of Monument Realty


Gallery Tower Progression Place
Location: 627 - 631 H Street, NW Ward: 2 Location: 1805 7th Street, NW Ward: 1
Developer(s): Monument Realty Developer(s): Four Points/Ellis Development Group/Jarvis Company
Architect(s): Cunningham|Quill Architects PLLC Architect(s): Devrouax & Purnell Architects/Eric Colbert & Associates
Estimated Cost: $42 million Contractor(s): James G Davis Construction Corp./Gilford Corp.
Status: Near Term Targeted Delivery: 2014 LEED: Silver Estimated Cost: $140 million
Specs: Plans call for a 82,500 sq. ft. building with 72,000 sq. ft. of Status: Under Construction Targeted Delivery: 4Q 2012–4Q 2013
office space and 10,500 sq. ft. of retail space (on two floors). If Specs: The new 50,000 sq. ft. United Negro College Fund HQ will be
adjacent parcels can be purchased the project could expand to part of a mixed-use project containing 110,000 sq. ft. of office space,
450,000 sq. ft. of development with retail, office and residential uses. 19,200 sq. ft. of retail space and 205 apartments (7th Flats).


Office Development
development Highlights

Image courtesy of Trammell Crow Company
Image courtesy of Shalom Baranes Associates

Square 450 Sentinel Square (Phase II)
Location: 655 New York Avenue, NW Ward: 6 Location: 1050 1st Street, NE Ward: 6
Developer(s): Douglas Development Corporation Developer(s): Trammell Crow Company
Architect(s): Shalom Baranes Associates Architect(s): SmithGroupJJR
Status: Long Term Targeted Delivery: 2016 (ph I) Contractor(s): Clark Construction Group LLC
Specs: Initial plans for Phase I (Square 450 West) call for 367,000 sq. ft. LEED: Silver Estimated Cost: $105 million
of office space with about 68,000 sq. ft. of retail space. Phase II (Square Status: Under Construction Targeted Delivery: 4Q 2013
450 East) could be a 260,000 sq. ft. office building with 25,000 sq. ft. of Specs: Sentinel Square’s four phases will eventually be able to
retail space. 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


Office Development

Visualization by Interface Multimedia
Image courtesy of Property Group Partners

Capitol Crossing U.S Coast Guard HQ
Location: I-395 at 3rd, E & Massachusetts Avenue, NW Ward: 2 Location: 2701 Martin Luther King Avenue, SE Ward: 8
Developer(s): Property Group Partners/Center Place Holdings Developer(s): GSA
Architect(s): Kevin Roche John Dinkeloo & Associates/SOM/Kohn Architect(s): HOK/WDG Architecture/Perkins + Will
Pedersen Fox & Associates Contractor(s): Clark Construction Group LLC
LEED: Platinum Estimated Cost: $1.3 billion LEED: Gold Estimated Cost: $950 million
Status: Long Term Targeted Delivery: 2016 (ph I) Status: Under Construction Targeted Delivery: 2Q 2013
Specs: Capitol Crossing will be a 2.2 million sq. ft., three-block, mixed- Specs: The new 1.2 million sq. ft. office building for the 4,400-employee
use development that will be built on a platform above I-395. Full build- U.S Coast Guard is located on the 176-acre West Campus of Saint
out will include 2.0 million sq. ft. of office space, 63,000 sq. ft. of retail Elizabeths.
space and 150 residential units.

DELTA ASSOCIATES
Photo by Freddie Lieberman Photography

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

APARTMENTS | CONDOMINIUMS | OFFICE
815 Connecticut Avenue RETAIL | MIXED-USE

Market Studies | Repositioning Analyses | Asset Valuations
Location: 815 Connecticut Avenue, NW Ward: 2 Services Include:

Feasibility Studies | Litigation Support | Market Data
Developer(s): Alecta Real Estate Investment LLC
Architect(s): VOA Associates
Contractor(s): Forrester Construction Company CONSULTING AND ADVISORY SERVICES

Greg.Leisch@DeltaAssociates.com
LEED: Gold Estimated Cost: $36 million Gregory H. Leisch, CRE, Chief Executive

Status: Under Construction Targeted Delivery: 4Q 2012
MARKET PUBLICATIONS GROUP

Alexander.Paul@DeltaAssociates.com
Specs: The renovation of the 212,000 sq. ft. existing building includes
Alexander (Sandy) Paul, CRE, National Research Director
a new façade, the addition of a roof terrace, extension of the 11th and

www.DeltaAssociates.com | 703.836.5700
12th floors and renovation to all core spaces on all floors.


1
Retail Development
development
Description

Retail Development

DC Retail Market Snapshot
Retail & Retaurant Sales1 $10.0B
Population Growth (2010–2011) 2 2.7%
Retail SF Under Construction 3
1.16M SF
Grocery Stores Under Construction4 9

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, Huey’s 24/7 Diner, Bluejacket Brewery, Willie’s 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. DC’s population has increased nearly 43,600 residents since 20076

3. New retail projects bring modern retail space to the market

4. DC’s economy and buying power remains one of the strongest in the U.S.

5. There is significant market demand for retail in DC. DC’s 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
Joe’s, Harris Teeter and Aldi have expanded into DC. Over the next two years, DC will welcome new stores from Giant,
Safeway, Trader Joe’s, 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)


Retail Development

Retail Development (August 2012) 261 Retail Construction Starts (since 2000)
# of Projects Sq. Ft.

Completed 232 4,523,952
27 27
in 2001 18 226,178
26
in 2002 22 311,800
in 2003 19 347,229
in 2004 22 369,208
in 2005 25 706,923 23 22 22
23
in 2006 24 294,862
in 2007 22 378,658 20 20
in 2008 22 867,131
in 2009 27 265,943
in 2010 10 330,700 18
in 2011 11 312,345
in 2012 (YTD) 10 112,975
15
2012 delivery 14 315,082
2013 delivery 19 434,220
11
2014 delivery 11 399,736
2015+ delivery 2 13,000

Pipeline 179 7,733,925
7
Near Term 44 1,788,372
Medium Term 49 1,065,075 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
(YTD)
Long Term 86 4,880,478
Total 457 13,419,915

Retail Deliveries (sq. ft. in thousands) Completed Under Construction
867

707

11-year Annual Average 428 434
400,998 sq. ft. 400
369 379
347
331
312 312
295
266 315
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


the new element of style.

Delivering november 2013 • citymarketato.com

Roadside Development salutes the Washington, DC Economic Partnership for its continued
success in attracting new businesses and opportunities to our nation’s 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
C

Development • Marketing
M
Retail Real Estate Experts Since 1984

How can we work together?
Y

CM

MY
Henry Fonvielle, President
CY
571-382-1220 • Hfonvielle@rappaportco.com
CMY

K


Retail Development

Top Retail Projects Completed (2011–August 2012)

L'Enfant Plaza Redevelopment (Phase I) 2 950 L'Enfant Plaza, SW The JBG Companies 87,000 $14 2011
Square 54 2 2200 Pennsylvania Ave., NW Boston Properties 72,000 $213 2011
1612 U Street 2 1612 U St., NW Urban Adventures of Washington 60,000 $13 2011
JAIR LYNCH Development/AHDI/
3Tree Flats 4 3910–3912 Georgia Ave., NW 28,000 $42 2011
Stratford Capital Group
1015 Half Street 6 1015 Half St., SE Douglas Wilson Companies 20,000 $180 2011
Walgreens 3 4225 Connecticut Ave., NW Walgreens 20,000 $5 2011
Foundry Lofts Apartments 6 301 Tingey St., SE Forest City Washington 10,240 $60 2011
Rhode Island Row 5 2300-2350 Washington Pl., NE Urban Atlantic/A&R Development 70,000 $109 2012
Connecticut & K Street Associates
1000 Connecticut Avenue 2 1000 Connecticut Ave., NW 13,830 $180 2012
LLC
1020 Monroe 1 1020 Monroe St., NW Madison Investments 7,500 $7 2012

Top Retail Projects Under Construction

The Boilermaker Shops 6 400 Tingey St., SE Forest City Washington 32,540 $15 2012
New York & South Dakota Ft. Lincoln New Town Corp./Trammell
The Shops at Dakota Crossing (Costco) 5 154,000 $20 2012
Aves., NE Crow Co./CSG Urban Partners
CityCenterDC 2 9th, 10th, 11th, H, & I Sts., NW Hines/Archstone/The First Investor 185,000 $700 2013
700-800 blocks of Monroe Abdo Development/Bozzuto Group/
Monroe Street Market 5 56,915 $150 2013
St., NE Catholic U.
360 H 6 360 H St., NE Steuart Investment Company 42,700 $65 2013
Wonder Bread Factory 1 641 S St., NW Douglas Development Corporation 39,741 2013
77 H 6 1st & H Sts., NW The JBG Companies/Bennett Group 90,000 $90 2014
Twelve12 6 1212 4th St., SE Forest City Washington 88,000 $100 2014
CityMarket at O Street (Phase I) 6 1400 7th St., NW Roadside Development 87,000 $250 2014
The JBG Companies/Georgetown
Louis at 14th/U 2 1920 U St., NW 44,000 $100 2014
Strategic Capital LLC

Top Retail Projects Pipeline (near term)

New York & South Dakota Ft. Lincoln New Town Corp./Trammell
The Shops at Dakota Crossing (Phase II) 5 266,000 $40 2013
Aves., NE Crow Co./CSG Urban Partners
Walmart on Georgia Avenue 4 5929 Georgia Ave., NW Foulger-Pratt 106,000 2013
L’Enfant Plaza Redevelopment (Phase II) 6 950 L’Enfant Plaza, SW The JBG Companies 93,000 $17 2013
The Point at Arboretum 5 New York & Montana Aves., NE WV Urban Developments LLC 312,101 $77 2014
South Dakota Ave. & The JBG Companies/Lowe
Fort Totten Square 4 130,000 $120 2014
Riggs Rd., NE Enterprises
3336-3430 Wisconsin
Cathedral Commons 3 Giant Food/Bozzuto Group 125,000 $130 2014
Ave., NW
Petworth Safeway 4 3830 Georgia Ave., NW Duball LLC/Safeway Inc. 62,000 $50 2014
Akridge at Half Street 6 25 M St. & 1201 Half St., SE Akridge 55,000 $330 2014
A&R Development/DCHA/Henson
Capitol Gateway Marketplace 7 58th & East Capitol Sts., NE 161,750 $107 2015
Development Co.
Hecht’s Warehouse 5 1401 New York Ave., NE Douglas Development Corporation 200,800

1. may include non-retail components 2. delivery date may reflect phase I delivery or final phase delivery


Retail Development
Image courtesy of Forest City

Image courtesy of A&R Development
The Boilermaker Shops Capitol Gateway Marketplace
Location: 400 Tingey Street, SE Ward: 6 Location: 58th & East Capitol Streets, NE Ward: 7
Developer(s): Forest City Washington Developer(s): A&R Development/DC Housing Authority/Henson
Architect(s): Gensler Development Company
Contractor(s): KBS Inc Architect(s): Bignell Watkins Hasser Architects/Massa Montalto
Estimated Cost: $15 million Architects
Status: Under Construction Targeted Delivery: 4Q 2012/1Q 2013 Contractor(s): WCS Construction LLC
Specs: The 45,540 sq. ft. Boilermaker Shop is a renovated historic Navy Estimated Cost: $107 million
Yard building that will be transformed into the retail heart of The Yards. Status: Near Term Targeted Delivery: 2015
The initial tenants will be Buzz Bakery, Huey’s 24/7 Diner, Bluejacket Specs: The 12-acre site will be redeveloped into 161,750 sq. ft. of retail
Brewery, Willie’s Brew & ‘Cue sportsbar and Wells Dry Cleaners. There space, anchored by a 129,800 sq. ft. Walmart. This project is part of the
is also 10,000 sq. ft. of office space on the mezzanine level. Capitol Gateway HOPE VI redevelopment.


Capitol View on 14th Cathedral Commons
Location: 2400 14th Street, NW Ward: 1 Location: 3336 - 3430 Wisconsin Avenue, NW Ward: 3
Developer(s): DCO 2400 14th Street LLC/UDR Developer(s): Giant Food/Bozzuto Group/Southside Investment Partners
Architect(s): Shalom Baranes Associates Architect(s): JCA Architects
Contractor(s): Donohoe Companies Contractor(s): Bozzuto Construction
Estimated Cost: $126 million LEED: Silver Estimated Cost: $130 million
Status: Under Construction Targeted Delivery: 4Q 2012 Status: Near Term Targeted Delivery: 3Q 2014
Specs: 2400 14th Street will be a nine-story, 255-unit apartment building Specs: The existing Giant will be demolished and a new 56,000 sq. ft.
with 15,617 sq. ft. of ground-floor retail. The project started to deliver store will be built along with an additional 69,000 sq. ft. of retail space
in November 2012. and 145 residential units on two separate parcels. Construction started
in October 2012.


Retail Development
Sub-section

Image courtesy of The Rappaport Companies
Artist rendering by Neoscape

CityCenterDC H Street Connection
Location: 9th, 10th, 11th, H, & I Streets, NW Ward: 2 Location: 901 H Street, NE Ward: 6
Developer(s): Hines/Archstone/The First Investor Developer(s): Rappaport Companies
Architect(s): Foster & Partners/Shalom Baranes Associates/Lee and Architect(s): Torti Gallas & Partners
Associates LEED: Silver Estimated Cost: $250 million
Contractor(s): Clark Construction Group/Smoot Construction Status: Long Term Targeted Delivery: 2015
LEED: Gold Estimated Cost: $700 million Specs: This project is a planned redevelopment of an existing shopping
Status: Under Construction Targeted Delivery: 3Q 2013 center that will include about 384 residential units, 51,500 sq. ft. of
Specs: The redevelopment of the southern portion (Parcel A) of the street front retail space and structured parking for 405 vehicles.
former convention center site will include 515,000 sq. ft. of office space,
185,000 sq. ft. of retail space and 674 residential units.

Image courtesy of The JBG Companies
Image courtesy of Roadside Development

CityMarket at O Street Louis at 14th/U
Location: 1400 7th Street, NW Ward: 6 Location: 1920 U Street, NW Ward: 2
Developer(s): Roadside Development Developer(s): The JBG Companies/Georgetown Strategic Capital LLC
Architect(s): Shalom Baranes Associates/Lee and Associates Inc Architect(s): Eric Colbert & Associates PC
Contractor(s): Clark Construction Group LLC Contractor(s): Balfour Beatty Construction
LEED: Silver Estimated Cost: $330 million LEED: Silver Estimated Cost: $100 million
Status: Under Construction Targeted Delivery: 4Q 2013–2014 Status: Under Construction Targeted Delivery: 1Q 2014
Specs: Phase I will include 87,000 sq. ft. of retail space (75,000 sq. ft. Specs: Louis at 14/U will be a nine-story mixed-use building with
Giant Food), 497 residential units, a 182-room Cambria Suites Hotel and 268 apartments and 44,000 sq. ft. of retail space (anchored by a
about 500 parking spaces. Phase II calls for 145 residential units. Trader Joe’s).


Retail Development
Image courtesy of Abdo Development

Monroe Street Market Rhode Island Row
Location: 700 - 800 blocks of Monroe Street, NE Ward: 5 Location: 2300 - 2350 Washington Place, NE Ward: 5
Developer(s): Abdo Development/Bozzuto Group/Catholic University Developer(s): Urban Atlantic/A&R Development
Architect(s): Torti Gallas & Partners/KTGY Architect(s): Lessard Design
Contractor(s): Bozzuto Construction Contractor(s): Bozzuto Construction
Estimated Cost: $150 million Estimated Cost: $109 million
Status: Under Construction Targeted Delivery: 4Q 2013 Status: Completed Delivery: 2Q 2012
Specs: Phase I will deliver 56,915 sq. ft. of retail space and 562 Specs: Located adjacent to the Rhode Island Metrorail station, Rhode
apartments in Blocks A1, B and C. Some portions of the project may Island Row contains 274 apartments, 70,000 sq. ft. of retail space
deliver as early as Summer 2013, with a targeted delivery for the entire (leases with CVS, Chipotle, Carolina Kitchen) and 746 parking spaces.
phase by late 2013/early 2014.
Image courtesy of DMPED


Saint Elizabeths East Saint Elizabeths East Gateway Pavilion
Location: Saint Elizabeths East Campus Ward: 8 Location: Saint Elizabeths East Campus Ward: 8
Developer(s): DC Office of Planning & Economic Development Developer(s): DC Office of Planning & Economic Development
Architect(s): Ayers Saint Gross Inc Architect(s): Davis Brody Bond/Robert Silman Associates
Estimated Cost: $2.5 billion Contractor(s): KADCON
Status: Long Term Targeted Delivery: 2015 (ph I) Estimated Cost: $5 million
Specs: The redevelopment vision calls for 1.5 million sq. ft. of office Status: Near Term Targeted Delivery: 2013
space, 400 hotel rooms, 1.6 million sq. ft. of residential, 340,000 sq. ft. Specs: The Gateway Pavilion will be the interim (2-5 years) heart of St.
of retail space as well as institutional, civic, and education uses. Phase I Elizabeths East and provide venues for casual dining, a farmers market,
may result in 303 residential units and 141,000 sq. ft. of retail space. and other weekend and afterhours, community, cultural and arts events.


Retail Development

Image courtesy of The Rappaport Companies
Image courtesy of Trammell Crow

The Shops at Dakota Crossing Skyland Town Center
Location: New York & South Dakota Avenues, NE Ward: 5 Location: Alabama Avenue & Naylor Road, SE Ward: 7
Developer(s): Ft. Lincoln New Town Corporation/Trammell Crow/CSG Developer(s): Rappaport Companies/WC Smith/Marshall Heights CDO/
Urban Partners Harrison-Malone Development
Architect(s): Bignell Watkins Hasser Architects/Ayers Saint Gross Architect(s): Torti Gallas & Partners
Contractor(s): Harvey Cleary Builders Contractor(s): WCS Construction LLC
Status: Under Construction Targeted Delivery: 4Q 2012–4Q 2013 Status: Medium Term Targeted Delivery: 2016–2018
Specs: The 420,000 sq. ft. shopping center will include tenants Specs: The planned redevelopment of the 18.5-acre Skyland Shopping
such as a Costco, Marshalls and two additional large-format anchor Center will occur in phases and result in up to 325,000 sq. ft. of retail
tenants. Phase I, which includes the 154,000 sq. ft. Costco, will open in space, anchored by a 120,000 sq. ft. Walmart, 454 residential units and
November 2012 and Phase II will deliver the balance of the retail space. nearly 1,700 parking spaces.

Image courtesy of Madison Marquette
Image courtesy of WV Urban Developments LLC

The Point at Arboretum The Wharf
Location: New York & Montana Avenues, NE Ward: 5 Location: Southwest Waterfront Ward: 6
Developer(s): WV Urban Developments LLC Developer(s): Hoffman-Madison Waterfront/PN Hoffman/Madison
Architect(s): Brown Craig Turner Marquette
Estimated Cost: $77 million Architect(s): Perkins Eastman/BBG-BBGM/Cunningham|Quill Architects
Status: Near Term Targeted Delivery: 2014 Contractor(s): Gilford Corporation
Specs: This new 312,000 sq. ft. shopping center will be anchored by a LEED: Gold Estimated Cost: $1.5 billion
124,000 sq. ft. Walmart (with pharmacy & grocery), a Burlington Coat Status: Long Term Targeted Delivery: 2016 (ph I)
Factory and 30-45 additional retailers and restaurants. 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.


Retail Development

Twelve12 Walter Reed
Location: 1212 4th Street, SE Ward: 6 Location: 6800 Georgia Avenue, NW Ward: 4
Developer(s): Forest City Washington Developer(s): DC Office of Planning & Economic Development
Architect(s): Shalom Baranes Associates Estimated Cost: $640 million
Contractor(s): Walsh Construction Status: Long Term Delivery: 2017—2030
Estimated Cost: $100 million Specs: Nearly 66.57 acres of the campus will be redeveloped into 14
Status: Under Construction Targeted Delivery: 2Q 2014 acres of open space, 2,000 residential units, 212,000 sq. ft. of retail
Specs: Twelve12 will feature a 218-unit apartment building above 88,000 space, two charter schools and 770,000 sq. ft. of office/medical/
sq. ft. of retail space, including a 50,000 sq. ft. Harris Teeter and VIDA education space.
Fitness.


1
Residential De-
Residential development
velopment
Description

Residential Development

DC Residential Market Snapshot
Total Households1 269,079
Population Growth (2010-2011) 2 2.7%
Units Under Construction 3
10,357
Avg. Class-A Rental Rate4 $3.08 per SF
Class-A Apartment Vacancy Rate5 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 construction—the 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 George’s 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 5,435
5,274
Projected

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)



Residential Deliveries (total # of units) 432 Residential Construction Starts2 (since 2000)
Homeownership Completed Homeownership Under Construction (projects with 10+ units)
Rental Completed Rental Under Construction

5,133
11-year Annual Average 52 52
3,612 units
4,665

4,393
4,316
4,243 163
4,181
4,089 281
3,956 3,983 234
41 43
1,837 2,586
635 3,633
3,511 40
1,718 1,414
591 912 36 33

2,128 30
4,230
2,670
2,584 28
4,035
317

920 23
1,909 1,943 23
3,454 369
524
17
2,920 2,721 2,216
2,828 2,525
2,547 14
1,574
1,750 1,828
1,399 1,385

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)

# of Projects Sq. Ft. Total Units 3 Rental Units HomeOwnership 4 Condos

Completed 435 43,903,233 42,268 27,147 15,121 12,182
in 2001 29 2,837,032 2,670 1,750 920 409
in 2002 32 3,750,300 3,511 2,920 591 173
in 2003 47 3,936,855 4,089 3,454 635 546
in 2004 47 4,630,970 4,665 2,828 1,837 1,640
in 2005 45 4,170,870 3,956 1,828 2,128 2,061
in 2006 46 4,340,551 3,983 1,399 2,584 2,335
in 2007 50 5,825,803 5,133 2,547 2,586 2,083
in 2008 40 4,204,734 4,243 2,525 1,718 1,649
in 2009 35 3,589,130 3,633 2,721 912 718
in 2010 21 2,186,187 1,909 1,385 524 146
in 2011 22 1,899,277 1,943 1,574 369 269
in 2012 (YTD) 21 2,531,524 2,533 2,216 317 153

Under Construction 53 9,580,027 10,357 9,679 678 389
2012 delivery 16 1,639,570 1,648 1,414 234 56
2013 delivery 21 4,000,313 4,316 4,035 281 281
2014+ delivery 16 3,940,144 4,393 4,230 163 52

Pipeline 191 51,125,299 48,618 18,486 6,430 4,710
Near Term 52 6,129,389 6,438 4,443 835 428
Medium Term 70 9,566,610 9,015 5,060 1,818 1,137
Long Term 69 35,429,300 33,165 8,983 3,777 3,145
Total 679 104,608,559 101,243 55,312 22,229 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


Remarkable Things
Happen in Downtown

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


Top Residential Projects Completed (2011 – August 2012)
Project Ward Location Developer(s) Units Type1 Est. Value2 ($M) Delivery

2200 Pennsylvania Ave., NW
Square 54 2 Boston Properties 335 Apt $213 2011
& 2221 I St., NW
Yale West 6 443 New York Ave., NW IBG Partners/Bozzuto Group 218 Apt $50 2011
Potomac Place Tower South 6 800 4th St., SW Monument Realty 200 HO $31 2011
Foundry Lofts Apartments 6 301 Tingey St., SE Forest City Washington 170 APT $20 2011
Archstone First + M 6 1160 1st St., NE Archstone 469 Apt $160 2012
Paradigm Development/Steuart
Meridian at Mount Vernon Triangle 6 425 L St., NW 390 Apt 2012
Investment Co.
Rhode Island Row 5 2300-2500 Washington Pl., NE Urban Atlantic/A&R Development 274 Apt $109 2012
Flats at Atlas 5 1600 Maryland Ave., NE Clark Realty Capital LLC 257 APR $42 2012
National Caucus & Center on
NCBA Estates 1 2801 14th St., NW 174 Apt $26 2012
Black Aged, Inc.
JAIR LYNCH Development Partners/
Paul Laurence Dunbar Apartments 1 2001 15th St., NW 171 APT $43 2012
MacFarlane Partners

Top Residential Projects Under Construction
Project Ward Location Developer(s) Units Type1 Est. Value2 ($M) Delivery

CityCenterDC 2 9th, 10th, 11th, H, & I Sts., NW Hines/Archstone/The First Investor 674 Apt/HO $700 2013
Trilogy at NoMa 5 150, 151, 200 Q St., NE Mill Creek Residential Trust LLC 603 Apt $160 2013
700-800 blocks of Abdo Development/Bozzuto
Monroe Street Market 5 562 Apt $150 2013
Monroe St., NE Group/Catholic University
Camden NoMa 6 60 L St., NE Camden Property Trust 321 Apt $100 2013
William C. Smith + Co./Warrenton
2 M Street 6 North Capitol & M St., NE 314 Apt $95 2013
Development Group
CityMarket at O Street (Phase I) 6 1400 7th St., NW Roadside Development 484 Apt $250 2014
Park Chelsea 6 880 New Jersey Ave., SE William C. Smith + Co. 432 Apt $150 2014
21st, 22nd St. and Maryland William C. Smith + Co./Enterprise
Fairway Park Apartments 5 406 Apt $50 2014
Ave., NE Community Partners
Washington Gateway Apartments 5 Florida & New York Aves., NE MRP Realty 400 Apt $130 2014
Minnesota Ave. & Benning Donatelli Development/Blue Skye
Park 7 7 376 Apt $68 2014
Rd., NE Development

Top Residential Projects Pipeline (near term)
Project Ward Location Developer(s) Units Type1 Est. Value2 ($M) Delivery3

Fort Lincoln Dr. &
The Villages at Dakota Crossing Fort Lincoln New Town Corp./
5 Commodore Joshua Barney 229 HO $60 2013
(Phase II & III) Concordia Group
Dr., NE
Level 2 Development/Keener &
1919 14th Street 1 1919 14th St., NW 144 Apt 2013
Squire Properties
South Dakota Ave. & Riggs The JBG Companies/Lowe
Fort Totten Square 4 345 Apt $120 2014
Rd., NE Enterprises
Akridge at Half Street 6 25 M St. & 1201 Half St., SE Akridge 277 Apt $330 2014
450 K Street 6 450 K St., NW Kettler 233 Apt $80 2014
Petworth Safeway 4 3830 Georgia Ave., NW Duball LLC/Safeway Inc. 218 Apt $50 2014
Cathedral Commons 3 3336-3420 Wisconsin Ave., NW Giant Food/Bozzuto Group 145 Apt $130 2014
22 M Street 6 22 M St., NE Skanska 275 Apt $75 2015
8th, 9th St. & Florida Ave.,
WMATA Parcels 1 The JBG Companies 242 Apt 2015
NW
RiverFront on the Anacostia FRP Development Corp./MRP
6 100 Potomac Ave., SE 325 Apt $100 2016
(Phase I) Realty

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


Image courtesy of WC Smith

2 M Street 360 H
Location: North Capitol & M Street, NE Ward: 6 Location: 360 H Street, NE Ward: 6
Developer(s): William C. Smith + Co./Warrenton Development Group Developer(s): Steuart Investment Company
Architect(s): Eric Colbert & Associates PC Architect(s): Torti Gallas & Partners
Contractor(s): WCS Construction LLC Contractor(s): Clark Builders Group
LEED: Gold Estimated Cost: $95 million Estimated Cost: $65 million
Specs: 2 M Street is part of the Northwest One New Communities Specs: 360 H will be a mixed-use development that will include 215
project and will consist of 314 apartments, a roof-top pool and 4,100 sq. apartments and 42,700 sq. ft. of retail space, including a 41,200 sq. ft.
ft. of ground floor retail space. Giant Food grocery store.

Image courtesy of the NoMa BID

Victory Square 77 H
Location: 600 Barnes Street, NE Ward: 7 Location: 1st & H Streets, NW Ward: 6
Developer(s): Bank of America CDC/Victory Housing/City Interests Developer(s): The JBG Companies/Bennett Group
Architect(s): Grimm + Parker & Associates Architect(s): MV+A Architects/Preston Partnership LLC
Contractor(s): Hamel Builders Contractor(s): Clark Construction Group
Status: Completed Delivery: 3Q 2012 Status: Under Construction Targeted Delivery: 4Q 2013 / 1Q 2014
Specs: Victory Square is part of the mixed-use Parkside redevelopment Specs: The former parking lot will be redeveloped into 90,000 sq. ft. of
and offers 98 apartments for seniors and 25 enclosed parking spaces. retail space, anchored by a 76,000 sq. ft. Walmart (with 40,000 sq. ft.
Units range in size from 608 sq. ft.–1,016 sq. ft. for groceries) and 303 apartments. The Walmart plans to open 1Q 2014
and the residential will start to deliver in 4Q 2013.



Image courtesy of Avalon Bay
Image courtesy of The Menkiti Group

901 Monroe Street AVA H Street
Location: 901 Monroe Street, NE Ward: 5 Location: 318 I Street, NE Ward: 6
Developer(s): The Menkiti Group/Horning Brothers Developer(s): AvalonBay Communities
Architect(s): Esocoff & Associates Architect(s): KTGY
Contractor(s): Paradigm Construction Contractor(s): AvalonBay Communities
Status: Medium Term Targeted Delivery: 4Q 2014 Status: Under Construction Targeted Delivery: 4Q 2012
Specs: This TOD project will consist of 213 apartments, 13,000 sq. Specs: AVA H Street will offer 138 apartments (studio, one- and two-
ft. of retail space and 154 parking spaces. Demolition of the existing bedroom units) and offer a fitness center, bike storage and repair room,
buildings on the site is expected to start in 4Q 2012. and a penthouse.

Atlantic Plumbing (Parcels A & B) Bailey Park
Location: 2030 & 2112 8th Street, NW Ward: 1 Location: 625 Rhode Island Avenue, NW Ward: 6
Developer(s): The JBG Companies/Walton Street Capital Developer(s): United House of Prayer
Architect(s): Morris Adjmi Architects/Eric Colbert & Associates Architect(s): Suzane Reatig Architecture
Estimated Cost: $120 million Contractor(s): McCullough Construction LLC
Status: Medium Term Targeted Delivery: 2014 LEED: Certified
Specs: The former Atlantic Plumbing site (Parcels A & B) will be Status: Completed Delivery: 3Q 2012
redeveloped into 375 apartments and 25,000 sq. ft. of retail space. Specs: This new four-story, 16-unit apartment building offers a blend of
two and three‐bedroom units, ranging from 1,150 sq. ft. to 2,200 sq. ft.


Image courtesy of Clark Realty Capital

Flats at Atlas The Villages at Dakota Crossing
Location: 1600 Maryland Avenue, NE Ward: 5 Location: Fort Lincoln Drive & Commodore Joshua Barney Drive, NE
Developer(s): Clark Realty Capital LLC Ward: 5
Architect(s): Preston Partnership LLC Developer(s): Fort Lincoln New Town Corporation/Concordia Group
Contractor(s): Clark Builders Group Contractor(s): Ryan Homes
Status: Completed Delivery: 3Q 2012 Status: Completed Delivery: 3Q 2012
Specs: Phase I of the Arboretum Place development delivered in Specs: Phase I of The Villages at Dakota Crossing consists of 85
Summer 2012 and offers 257 apartments and 5,000 sq. ft. of retail townhomes and started to deliver in Spring 2012. The overall planned
space. unit development consists of 334 townhome and townhome style
condominiums on 23 acres.

Image courtesy of Safeway

Park 7 Petworth Safeway
Location: Minnesota Avenue & Benning Road, NE Ward: 7 Location: 3830 Georgia Avenue, NW Ward: 4
Developer(s): Donatelli Development/Blue Skye Development LLC Developer(s): Duball LLC/Safeway Inc.
Architect(s): Eric Colbert & Associates PC Architect(s): Torti Gallas & Partners
Contractor(s): Blue Skye Construction LLC LEED: Silver Estimated Cost: $50 million
Estimated Cost: $68 million Status: Near Term Targeted Delivery: 3Q 2014
Status: Under Construction Targeted Delivery: 1Q 2014 Specs: The existing 21,000 sq. ft. store will be demolished and
Specs: Park 7, located on a five-acre site at the intersection of replaced with a new 63,000 sq. ft. grocery store and 218 apartments. A
Minnesota Avenue and Benning Road, NE, will consist of 376 groundbreaking ceremony was held in September 2012.
apartments and 22,000 sq. ft. of retail space.


Image courtesy of The Jefferson Apartment Group

Jefferson at Market Square Archstone First + M
Location: 1550 7th Street, NW Ward: 6 Location: 1160 1st Street, NE Ward: 6
Developer(s): The Jefferson Apartment Group Developer(s): Archstone
Architect(s): Lessard Design Architect(s): Davis, Carter, Scott Ltd
Contractor(s): SE Foster Construction Company Contractor(s): Paradigm Construction
Estimated Cost: $80 million Status: Completed Delivery: 2Q 2012
Status: Under Construction Targeted Delivery: 1Q 2014 Specs: The first phase of the Square 673 development is a 13-story, 469-
Specs: The former Kelsey Gardens site will be redeveloped into 281 unit apartment building with 2,500 sq. ft. of retail space. The average
apartments and 13,363 sq. ft. of retail space. unit size is about 850 sq. ft.
Image courtesy of Perseus Realty

Jefferson 14W The Avenue
Location: 1325 W Street, NW Ward: 1 Location: 3506 Georgia Avenue, NW Ward: 1
Developer(s): Perseus Realty/The Jefferson Apartment Group Developer(s): Park Morton Development Partners/Central Union
Architect(s): HOK/Davis, Carter, Scott Ltd Mission/Landex Corporation
Contractor(s): Clark Construction Group LLC Architect(s): Wiencek + Associates Architects + Planners
Estimated Cost: $80 million Contractor(s): Hamel Builders
Status: Under Construction Targeted Delivery: 4Q 2012–1Q 2013 Estimated Cost: $14 million
Specs: This mixed-use project will include a new 46,000 sq. ft. YMCA, Status: Under Construction Targeted Delivery: 3Q 2012
11,000 sq. ft. of retail space and 231 apartments. 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.




Fort Totten Square The District
Location: South Dakota Avenue & Riggs Road, NE Ward: 4 Location: 1407 S Street, NW Ward: 2
Developer(s): The JBG Companies/Lowe Enterprises Real Estate Group Developer(s): The JBG Companies/Grosvenor USA
Architect(s): Hickok Cole Architects Architect(s): Shalom Baranes Associates
Contractor(s): Clark Builders Group Contractor(s): Lend Lease
Status: Near Term Targeted Delivery: 2014 Status: Near Term Targeted Delivery: 2013
Specs: The first phase of the Ft. Totten Square development will deliver Specs: The District will include 125 apartments and 18,000 sq. ft. of
345 apartments, 130,000 sq. ft. of retail space (anchored by a 120,000 first floor retail space (anchored by Ted’s Bulletin). The historic Hudson
sq. ft. urban-format LEED certified Walmart) and 750 parking spaces. building on the site will be incorporated into the project.
WDCEP 2012.pdf 1 10/22/2012 10:32:18 AM

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1
Hospitality Development
Hospitality development
Description


DC Hospitality Market Snapshot
Annual Visitors1 17.9M
Hotel Rooms2 27,633
Hotel Occupancy Rate2 75.5%
RevPAR2 $154.93
Avg. Daily Room Rate2 $202
New Museums/Memorials (since 2001) 3 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%

3.7%
3.3%
2.8%
2.2%

2009

2007 2008 2010 2011 2012 (YTD)

-6.1%

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



Hospitality Development 1 (August 2012) 44 Hotel Construction Starts (since 2000)
# of Projects Sq. Ft. Hotel Rooms

Completed 142 14,747,778 10,583 7
(1,007)
in 2001 11 683,718 411
in 2002 17 931,600 1,416
in 2003 15 3,079,707 490
in 2004 13 1,776,381 500 6
(925)
in 2005 16 1,116,564 1,106
5 5
in 2006 14 1,009,386 754 (962) (1,991)
in 2007 7 758,500 538
in 2008 9 3,138,593 2,159
in 2009 12 820,746 1,035
in 2010 12 1,052,328 1,614 4
4 (2,053)
in 2011 9 241,255 204 (895)
3
in 2012 (YTD) 7 139,000 356 (659)
3
Under Construction 16 2,029,418 1,667 (515)
2
2012 delivery 7 210,985 40 (1,324)
2013 delivery 5 220,070 270 2
2014 delivery 4 1,598,363 1,357 (550)

Pipeline 67 6,511,947 6,470
1 1 1
Near Term 15 960,880 1,295 (237 hotel rooms) (544) (40)
Medium Term 19 1,032,455 1,227
Long Term 33 4,518,612 3,948 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
(YTD)
Total 225 23,289,143 18,720

Hotel Deliveries (# of hotel rooms) Completed Under Construction

2,159

1,614

1,416
1,357

1,106 11-year Annual Average
1,035 930 hotel rooms

754

538
490 500
411 396
40
270
204
356

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


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Top Hospitality Projects Completed (2011– August 2012)
Project Ward Location Developer(s) Sq. Ft. Rooms Est. Value1 ($M) Delivery

StonebridgeCarras/Walton Street
Hilton Garden Inn 6 1225 1st St., NE 132,100 204 $150 2011
Capital/OTO Development
733 10th and G 2 733 10th St., NW Skanska/PN Hoffman 25,000 $85 2011
Tenley-Friendship Neighborhood
3 4450 Wisconsin Ave., NW DC Public Library 24,000 $16 2011
Library
Petworth Neighborhood Library 4 4200 Kansas Ave., NW DC Public Library 19,300 $12 2011
The Hill Center 6 921 Pennsylvania Ave., SE Capitol Hill Community Foundation/DGS 17,955 $10 2011
Howard Theatre 1 620 T St., NW Ellis Development Group 34,000 $24 2012
NMAH Garage Infill Project 2 1400 Constitution Ave., NW Smithsonian Institution 30,000 $10 2012
Rosedale Community Center 6 1701 Gales St., NE DC Department of Parks & Recreation 30,000 $17 2012
William O. Lockridge/Bellevue DC Public Library/JAIR LYNCH
8 115 Atlantic St., SW 22,500 $14 2012
Library Development Partners
DC Public Library/JAIR LYNCH
Francis A. Gregory Library 7 3660 Alabama Ave., SE 22,500 $16 2012
Development Partners

Top Hospitality Projects Under Construction
Project Ward Location Developer(s) Sq. Ft. Rooms Est. Value1 ($M) Delivery

Tennis, Education and East Capitol St. & Stoddert Washington Tennis & Education
7 66,000 $10 2012
Community Center Pl., SE Foundation
Jefferson 14W 1 1325 W St., NW Perseus Realty/Jefferson Apartment Grp. 46,000 $80 2012
Capella Georgetown 2 1050 31st St., NW Castleton Holdings 42,000 40 $45 2012
The Concordia 2 1250 New Hampshire Ave., NW International Monetary Fund 92,000 105 $23 2013
Courtyard by Marriott 2 515 20th St., NW All State Hotel LLP 91,070 149 $45 2013
Eagle Center (Phase II) 8 3400 Wheeler St., SE Eagle Academy Public Charter School 27,000 2013
Convention Center Hotel Quadrangle Development/Capstone
2 901 Massachusetts Ave., NW 1,076,363 1,175 $520 2014
(Marriott Marquis) Development/ING/Marriott
CityMarket at O Street (Phase I) 6 1400 7th St., NW Roadside Development 117,000 182 $250 2014
National Museum of African-
2 The National Mall Smithsonian Institution 350,000 $500 2015
American History & Culture
National Law Enforcement
2 400 block of E St., NW NLEOMF 55,000 $80 2015
Museum

Top Hospitality Projects Pipeline (near term)
Project Ward Location Developer(s) Sq. Ft. Rooms Est. Value1 ($M) Delivery2

1729 H Street 2 1729 H St., NW OTO Development LLC 57,000 116 2013
Central Union Mission 6 65 Massachussetts Ave, NW Central Union Mission 34,000 $12 2013
The Watergate 2 2650 Virginia Ave., NW Euro Capital Properties 186,969 355 $70 2014
Adams Morgan Church Hotel/
Adams Morgan Historic Hotel 1 1780 Columbia Rd., NW Friedman Capital Advisers/Foxhall 176,671 220 $100 2014
Partners
New York Ave. & North Morgan Stanley/JBG Urban/
Hyatt Place Hotel 6 125,000 200 $40 2104
Capitol St., NE MacFarlane Partners
Perseus Realty/OTO Development
Hilton Garden Inn 2 2201 M St., NW 115,000 238 2014
LLC/Starwood Capital Group
Life Learning Center 5 1251 Saratoga Ave., NE Israel Baptist Church 32,000 $14 2014
GWU Museum 2 21st & G Sts., NW George Washington University 31,470 $22 2014
DGS/DC Department of Parks &
Barry Farm Recreation Center 8 1230 Sumner Rd., SE 22,000 $23 2014
Recreation
Donohoe Companies/Holland Dev.
5th & Eye 6 5th & I Sts., NW Group/Harris Dev. Group/Spectrum 84,000 132 2016
Mgmt.

1. may include non-hospitality components 2. delivery date may reflect phase I delivery or final phase delivery


Image courtesy of Friedman Capital

Adams Morgan Historic Hotel Hyatt Place Hotel
Location: 1780 Columbia Road, NW Ward: 1 Location: New York Avenue & North Capitol Street, NE Ward: 6
Developer(s): Adams Morgan Church Hotel LLC/Friedman Capital Developer(s): Morgan Stanley/JBG Urban LLC/JBG Companies/
Advisors/Foxhall Partners MacFarlane Partners
Architect(s): OPX Architect(s): Shalom Baranes Associates/Cooper Carry Inc
LEED: Silver Estimated Cost: $100 million Estimated Cost: $40 million
Status: Near Term Targeted Delivery: 2014 Status: Near Term Targeted Delivery: 2Q 2014
Specs: The 220-room hotel project includes the restoration and Specs: Phase I of the 2.0 million sq. ft. Capitol Square development
preservation of the First Church of Christ, Scientist, and the will be a 200-room Hyatt Place hotel. It will be located on the western
construction of a nine-story addition. It will also include about 21,000 portion of the site.
sq. ft. of retail space and 4,600 sq. ft. of community space.

Image courtesy of the Washington Convention Center

Francis A. Gregory Library Convention Center Hotel (Marriott Marquis)
Location: 3660 Alabama Avenue, SE Ward: 7 Location: 901 Massachusetts Avenue, NW Ward: 2
Developer(s): DC Public Library/JAIR LYNCH Development Partners Developer(s): Quadrangle Development/Capstone Development/
Architect(s): Adjaye Associates/Wiencek + Associates Architects + ING Clarion/Marriott
Planners Architect(s): Thompson Ventulett Stainbeck/Cooper Carry/
Contractor(s): HESS Construction + Engineering Services/Broughton Lee and Associates
Construction Company Contractor(s): Hensel Phelps Construction Company
Status: Completed Delivery: 2Q 2012 Status: Under Construction Targeted Delivery: 2Q 2014
Specs: The new 22,500 sq. ft. library provides seating for more than Specs: Plans for the 1.1 million sq. ft. hotel include 1,175 rooms, 25,000 sq.
200 users and public meeting spaces that can accommodate up to 100 ft. of retail, 100,000 sq. ft. of meeting space and a 30,000 sq. ft. Grand
people. The former library on the site was demolished in Spring 2010. Ballroom, two 10,800 sq. ft. junior ballrooms and 53,000 sq. ft. of additional
meeting rooms.



Courtyard by Marriott The Hill Center
Location: 515 20th Street, NW Ward: 2 Location: 921 Pennsylvania Avenue, SE Ward: 6
Developer(s): All State Hotel LLP Developer(s): Capitol Hill Community Foundation/DGS
Architect(s): WDG Architecture PLLC/HVS Compass Architect(s): BELL Architects
Contractor(s): HITT Contracting Inc Contractor(s): Whiting-Turner Contracting Company
Status: Under Construction Targeted Delivery: 1Q 2013 Status: Completed Delivery: 4Q 2011
Specs: The new Courtyard in Foggy Bottom will offer 149 rooms and Specs: The former 15,955 sq. ft. Old Naval Hospital was transformed
three levels of below grade valet parking. The hotel replaced a former into a community center offering a place for events, continuing
parking garage. education and cultural programs. The 2,300 sq. ft. carriage house was
turned into a café.

Image courtesy of Ellis Development Group

Hilton Garden Inn Howard Theatre
Location: 2201 M Street, NW Ward: 2 Location: 620 T Street, NW Ward: 1
Developer(s): Perseus Realty/OTO Development/Starwood Capital Group Developer(s): Ellis Development Group
Architect(s): Shalom Baranes Associates Architect(s): Martinez & Johnson
Contractor(s): Turner Construction Company Contractor(s): Whiting-Turner Contracting Company
LEED: Silver Estimated Cost: $24 million
Status: Near Term Targeted Delivery: 1Q 2014 Status: Completed Delivery: 2Q 2012
Specs: A new 238-room Hilton Garden Inn with about 4,500 sq. ft. Specs: The 34,000 sq. ft. Howard Theater underwent a $24 million
of retail/restaurant space will be built at the corner of 22nd and M renovation that resulted in 600–700 theater seats, with 1,000 person
Streets, NW. capacity for standing functions, and a restaurant/café. It reopened in
April 2012 after bring closed for more than 30 years.



Image courtesy of WDG
Image courtesy of Grosvenor USA

Square 701 West End Square 50
Location: 1st & M Streets, SE Ward: 6 Location: 23rd & M Streets, NW Ward: 2
Developer(s): Skanska/Grosvenor USA Developer(s): EastBanc/Dantes Partners/Warrenton Development Group
Architect(s): Hickok Cole Architects/Gensler Architect(s): TEN Arquitectos/WDG
Status: Long Term Targeted Delivery: 2015 (ph I) Status: Medium Term Targeted Delivery: 2015
Specs: Plans for the site call for a two residential buildings, totaling 285 Specs: The Square 50 development includes a new 15,000 sq. ft.
units, a 170‐room hotel, a 224,000 sq. ft. office building and 43,000 sq. ft. Engine Company #1 fire station, a 20,000 sq. ft. squash club, and 61
of retail space. The residential portion may start construction in 2013. residential units.

William O. Lockridge/Bellevue Library The Concordia
Location: 115 Atlantic Street, SW Ward: 8 Location: 1250 New Hampshire Avenue, NW Ward: 2
Developer(s): DC Public Library/JAIR LYNCH Development Partners Developer(s): International Monetary Fund
Architect(s): Adjaye Associates/Wiencek + Associates Architects + Architect(s): Bonstra|Haresign Architects
Planners Contractor(s): Turner Construction Company
Contractor(s): Coakley Williams Construction Company/Blue Skye LEED: Gold Estimated Cost: $23 million
Construction LLC Status: Under Construction Targeted Delivery: 1Q 2013
LEED: Silver Estimated Cost: $14 million Specs: The Concordia hotel serves members of the International
Status: Completed Delivery: 2Q 2012 Monetary Fund, the World Bank and designated affiliate organizations.
Specs: The new 22,500 sq. ft. library features three levels and has a The building will be gutted and re-open as a 121-room extended stay
meeting room for 100 people, two small conference rooms, and quiet apartment hotel.
study rooms. The former library on the site was demolished in 2009.


a story of excellence
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1
Education Develop-
Education development
ment
Description

Education Development

DC Education Market Snapshot
Total College Enrollment1 ~80,000
DC Public School Enrollment2 45,191
DC Public Charter School Enrollment 3
31,561
Hospitals4 15
Medical Space Built (since 2001) 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/
37%
Universities

Primary/ 51%
Secondary

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 1.00 .43 .26 .23 .22 .15 .09 .06
University of the
District of Columbia
George
Washington
University

American
University

Gallaudet
University

Other

Catholic
University

Howard University

Trinity College
Georgetown
University

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)



Education Development 1 (August 2012) 149 Education Construction Starts1 (since 2000)
# of Projects Sq. Ft.

Completed 139 11,078,438
18
in 2001 14 773,158
in 2002 14 1,119,500 17
16
in 2003 12 1,130,970
in 2004 17 1,237,481
in 2005 12 573,944 15
in 2006 13 995,820 13
in 2007 2 176,004 12
12
in 2008 8 675,570 12
in 2009 18 1,283,875 10
in 2010 7 999,490
in 2011 10 1,086,032
in 2012 (YTD) 12 1,026,594

2012 delivery 3 147,000 6 6 6 6
2013 delivery 8 1,102,000
2014+ delivery 3 502,000

Pipeline 33 3,991,325
Near Term 7 883,000
Medium Term 7 614,000
Long Term 19 2,494,325 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
(YTD)
Total 186 16,820,763

Education Deliveries 1 (sq. ft. in thousands) Medical Completed Medical Under Construction Non-Medical Completed Non-Medical Under Construction

11-year Annual Average
913,804 sq. ft.
1,237
1,284

1,174
1,120 1,131 36
10 1,086 1,102
111
996 999 28
227 224
414

773
448
36
676
1,121 999
574 878
13 859

737
706

561 551

176
105
138
43
38 62

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20122 20132 20142

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



Top Education Projects Completed (2011 – August 2012)

Woodrow Wilson Senior High School 3 3950 Cheasapeake St., NW DC Public Schools/DGS/DPR 412,104 $115 2011
Howard D. Woodson High School 7 500 Eads St., NE DC Public Schools/DGS 235,000 $102 2011
Sibley Memorial Medical Office Building 3 5255 Loughboro Rd., NW Sibley Memorial Hospital 130,000 $31 2011
GWU Charles E. Smith Center 2 600 22nd St., NW George Washington University 100,000 $43 2011
Anacostia Senior High School 8 1601 16th St., SE DC Public Schools/DGS 207,000 $62 2012
Regents Hall 2 3700 O St., NW Georgetown University 150,000 $100 2012
Takoma Education Center 4 7010 Piney Branch Rd., NW DGS 104,294 $24 2012
Moten Elementary School 8 1565 Morris Rd., SE DGS/DC Public Schools 99,700 $17 2012
KIPP School—Shaw Campus 6 421 P St., NW JAIR LYNCH Development Partners 86,000 $13 2012
Turner Elementary School 8 3264 Stanton Rd., SE DC Public Schools/DGS 76,500 $27 2012

Top Education Projects Under Construction

Constance Milstein & Family Academic
2 1307 L St., NW New York University 75,000 $25 2012
Center
Cardozo High School 1 1200 Clifton St., NW DGS/DC Public Schools 395,000 $100 2013
Dunbar Senior High School 5 1301 New Jersey Ave. NE DGS/DC Public Schools 258,000 $122 2013
Scott Project for AFRH 5 3700 N. Capitol St., NW Armed Forces Retirement Home/GSA 174,000 $88 2013
School of Public Health & Health 24th St. & New Hampshire
2 George Washington University 115,000 $75 2013
Services Ave., NW
UDC Student Center 3 4200 Connecticut Ave., NW University of the District of Columbia 87,000 $40 2013
Community of Hope Health and JAIR LYNCH Development Partners/
8 4 Atlantic St., SE 50,000 $25 2013
Resource Center City Interests
McKinley Hall 3 4400 Massachussetts Ave., NW American University 62,000 $26 2014
Unity Health Care 7 Kenilworth Terr. & Hayes St., NE JAIR LYNCH Development Partners 43,000 $24 2014
George Washington University/
Science & Engineering Building 2 22nd & H Sts., NW 397,000 $275 2015
Boston Properties

Top Education Projects Pipeline (near & medium term)

514 V Street 5 514 V St., NE Carlos Rosario Public Charter School 48,000 2013
New South Student Center 2 3700 O St., NW Georgetown University 45,000 $23 2014
Wisconsin Ave. & Lowell
Procter Hall 3 National Cathedral School 28,000 $13 2014
Rd., NW
Eagle Academy PCS/Ten Square
Eagle Center (Phase III) 8 3400 Wheeler Rd., SE 20,000 2014
Group
Ballou Senior High School 8 3401 4th St., SE DGS/DC Public Schools 345,000 $120 2014
Sibley Memorial Hospital expansion 3 5255 Loughboro Rd., NW Sibley Memorial Hospital 475,000 $250 2015
Washington College of Law 3 Tenley Campus American University 310,000 2015
Howard Town Center Developer LLC/
Howard Town Center 1 2114 Georgia Ave., NW Castle Rock Partners/Cohen Cos./ 27,000 $150 2015
Howard University
Thaddeus Stevens Place 2 1050 21st St., NW Akridge/Argos Group LLC
Intercollegiate Athletic Center 2 Georgetown University Georgetown University 135,000 $60

1. may include non-education components 2. delivery date may reflect phase I delivery or final phase delivery


Image courtesy of Bowie Gridley Architects

Image courtesy of ZGF Architects
Ballou Senior High School Community of Hope Health & Resource Center
Location: 3401 4th Street, SE Ward: 8 Location: 4 Atlantic Street, SE Ward: 8
Developer(s): Department of General Services/DC Public Schools Developer(s): JAIR LYNCH Development Partners/City Interests
Architect(s): Bowie Gridley Architects/Perkins+Will Architect(s): ZGF Architects LLP
Contractor(s): Sigal Construction Corporation Contractor(s): Forrester Construction Company
Status: Near Term Targeted Delivery: 2014 Status: Under Construction Targeted Delivery: 2013
Specs: The new 345,000 sq. ft. school will offer 37 classroom spaces, Specs: The new four-story, 50,000 sq. ft. Center will provide new
13 science and bio‐technology labs, 15 classrooms for specialized access to medical, dental, and behavioral healthcare for approximately
education, a greenhouse, auto‐tech lab and eight‐lane, 25‐yard 8,500 residents of Ward 8. A ceremonial groundbreaking was held in
competition swimming pool. July 2012.

Constance Milstein & Family Academic Center Educare School
Location: 1307 L Street, NW Ward: 2 Location: 640 Anacostia Avenue, NE Ward: 7
Developer(s): New York University Developer(s): Educare
Architect(s): Hickok Cole Architects LEED: Certified Estimated Cost: $16 million
Contractor(s): Sigal Construction Corporation Status: Completed Delivery: 2Q 2012
LEED: Gold Estimated Cost: $25 million Specs: The 32,100 sq. ft. school, funded by a unique consortium of
Status: Under Construction Targeted Delivery: 3Q 2012 private and public partners, provides direct services to 171 infants,
Specs: New York University’s College of Arts & Sciences new nine-story, toddlers, preschoolers and their families in the Parkside community.
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.


Image courtesy of Bowie Gridley Architects

Image courtesy of Boston Properties
McKinley Hall Renovation Science & Engineering Building
Location: 4400 Massachusetts Avenue, NW Ward: 3 Location: 22nd & H Streets, NW Ward: 2
Developer(s): American University Developer(s): George Washington University/Boston Properties
Architect(s): Bowie Gridley Architects Architect(s): Ballinger Architects/Hickok Cole Architects
Contractor(s): Sigal Construction Corporation Contractor(s): Clark Construction Group LLC
Specs: The 62,000 sq. ft. McKinley Hall project features include a Specs: The eight-story, 400,000 sq. ft. building will house GWU’s science
converged newsroom, classrooms, support spaces and a 148-seat and engineering schools. The building will feature six underground
theater. The construction includes both renovation of the existing floors (two for programs and four for parking). Demolition of the former
historic building and expansion using a modern glass facade. parking garage on the site occurred in October 2011.
Image courtesy of Cannon Design


UDC Student Center Unity Anacostia
Location: 4200 Connecticut Avenue, NW Ward: 3 Location: 1500 Galen Street, SE Ward: 8
Developer(s): University of the District of Columbia Developer(s): JAIR LYNCH Development Partners
Architect(s): Cannon Design/Marshall|Moya Design Architect(s): Little Diversified Architecture
Contractor(s): Forrester Construction Company/Parkinson Construction Contractor(s): Forrester Construction Company
LEED: Platinum Estimated Cost: $40 million LEED: Silver Estimated Cost: $20 million
Status: Under Construction Targeted Delivery: 2013 Status: Completed Delivery: 2Q 2012
Specs: The University of the District of Columbia’s new 70,000 sq. ft. Specs: The new 28,000 sq. ft. facility will allow the Anacostia Health
student center will include new construction and renovated space. Center to expand existing services such as primary and specialty care,
The center will feature a cafeteria, student lounges, recreation area, a dentistry, psychiatry, health education, and case management and add
10,000 sq. ft. fitness facilitiy, a ballroom and conference space. an urgent care suite.



Image courtesy of Smoot Construction
Anacostia Senior High School Dunbar Senior High School
Location: 1601 16th Street, SE Ward: 8 Location: 1301 New Jersey Avenue NE Ward: 5
Developer(s): DC Public Schools/Department of General Services Developer(s): Department of General Services/DC Public Schools
Architect(s): Sorg & Associates PC Architect(s): EE&K Architects/Moody-Nolan Architects
Contractor(s): Forrester Construction Company/EEC of DC Inc. Contractor(s): Smoot Construction/Gilbane Inc
LEED: Gold Estimated Cost: $62 million LEED: Platinum Estimated Cost: $122 million
Status: Completed Delivery: 3Q 2012 Status: Under Construction Targeted Delivery: 3Q 2013
Specs: The modernization involved 207,000 sq. ft. and resulted in an Specs: The new 258,000 sq. ft. Dunbar High School will be organized
improved cafeteria, new MEP systems, a new media center, and a around the “Armory”, the central heart of the school. The building will
restored gymnasium and auditorium. Phase I was completed in August feature four academies with labs and classrooms, performing arts and
2011 and Phase II was completed in August 2012. physical education facilities for 1,100 students.

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Dc’s economic
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nt Hot Spots
3
1
Anacostia | Capitol Riverfront | Mount Vernon Triangle | NoMa | Shaw Description

Anacostia River AW
Park IRL
FA

ST

4TH ST
Development Hot spots

5TH ST
H Q ST

Anacostia
U ST

16TH ST
E
M R STAV
M S OT
A
NE
MIN
S ST
Poplar
Point
T ST
ST

U ST GOO 1
DH
OP

ST
ER

VE
95
D

13TH
PL
I- 2

ST
JR A
M
V ST

ON

14TH
ST

ST
M

NN

G

16TH
14TH ST

13TH ST

SHA

KIN
W ST
E
R
HE
AV

8TH ST
T 2
LU 3
TIN 4
NT

AR
MO

M
M
M
ST
R
VE

SU
M
NE
R HO
5
RD
W
6 AR
D
RD
ST
EV
E M

AV
E O
NS
RD 7 HO
RR
IS Fort Stanton
D RD Park
AN
W
Q ST AR

ISL RD
D
RD

E
DSTANTON
RD

HO
E

R
AD

8
W

ST
9 ERIE
Logan

ELVANS R D
ST
Circle
ST
ITOL

P OM GAINESVILLE ST
EROY R D
O ST
ELVANS
RD
UI
10
S

ST. ELIZABETHS TL
EAST CAMPUS AN
ST. ELIZABETHS
D PK
WEST CAMPUS
WY
MARTIN LUTHER KING JR AVE

N ST
13TH ST

9TH ST
11TH ST

6TH ST
7TH ST

5TH ST

R
TE
N
TO

T
ST NTON RD

ES
Anacostia
STAN

# of Total UCEd. Office Res. Retail Est.
Proj. SF SF SF Units SF Value
BR

M ST Development Summary TotalM
M ST
A

Over the past several years the neighborhoods near 53 24,731,476 526,200 10,653,700 9,799 1,314,100 $10,430M
12 H WASHINGTON
15TH PL

Martin Luther King Jr. Avenue and Good Hope Road 11 CONVENTION
have seen a substantial amount of residential renova- CENTER
Completed (since 2001)
VE
2ND S T

NE 27 2,040,158 466,200 255,000 992 13,500 $441M

KA
W
tions and in 2012C newer developments such as Sheri-
ST

ST

O
R
H

18T
H

M
4T

5T

B
Under Construction (August 2012)
YO
dan Station and Matthews
ST Memorial Terrace delivered
HS

W
SAV

213 additional units to the market. Anacostia and its
T

NE SAFEWAY
4 1,314,550 0 1,179,550 80 0 $1,320M
L ST
ANN

AL
commercial corridors will also be able to benefit from LE
Y
Pipeline
AH T

SQ
the construction of the U.S. Coast Guard Headquarters
MALCOM X AVE
ER

22 21,376,768 60,000 9,219,150 8,727 1,300,600 $8,668M
Building which will bring 4,400 employees to the area
in May 2013.
AVE
AMA
7TH ST

ALAB K ST
2011 NPR

H ST
NNA
SAVA

Anacostia

Image courtesy of Forrester Construction

1 Anacostia Library 2 Unity Anacostia 3 2252–2228 MLK Avenue

4 Salvation Army 5 Grandview Estates 6 Sheridan Station

7 Barry Farm 8 Matthews Memorial Terrace 9 Townes of Hillsdale


12 Saint Elizabeths East Gateway
10 U.S. Coast Guard HQ Building 11 Saint Elizabeths East Pavilion


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CA
TH

CK
SOU

YA
VE
ST D ST

4TH ST

5TH ST
E ST H
Capitol Riverfront
U ST
M M

14TH ST
G ST
NEW

ST

8TH ST
I-39
5
J

2
ERSE

1 I ST I ST
4
Y AV

K ST K ST
M

4TH ST
2ND ST

2ND ST
E

ST
HALF ST
14TH ST

13TH ST

L ST
SOUTH CAPITOL ST

L ST
3
E
AV

8TH ST
M
M ST
NT

M
MO

9 U.S. DOT M
ST 11
R

5
1ST ST

10
VE

6
TINGEY ST

co
7
E
12
AV
U.S. NAVY YARD

D a
An
Q ST
AN
NATIONALS

ISL
PARK
8
E
OD
RH
Logan
ST
Circle
VE
CA
O MA
OT

O ST
HALF ST

Poplar
Point
N ST
13TH ST

9TH ST
11TH ST

ST
ST

5TH ST

Capitol Riverfront
6TH
95 7TH

Development Summary
ST

Total New Residential Units1 (since 2006)
VE

13TH
PL

MI-2
ST

M ST M ST
JR A

3,458 V
The Capitol Riverfront, a 500-acre neighborhood, # of Total Hotel Office Res. Retail Est.
ON

14TH

Proj. SF Rooms SF Units SF Value
M
NN

is anchored by the U.S. Navy Yard, Nationals Park 2,808
G

Total
SHA

KIN

and the $42 million, 5.4-acre Yards Park. By the end WASHINGTON 2,532 WS
CONVENTION 2,371
of 2012 the neighborhood will welcome the addi- 65 27,057,043 1,145 12,461,032 10,553 993,408 $7,732M 2,201
R
HE
CENTER 2,041
tion of the three-block Canal Park, Capitol Quar-
Completed (since 2001) UT VE
KA
L
TIN
ter (Phase II) residences and the 335,000 sq. ft. 200 1,604

AR R
YO
29 9,738,448 204 5,917,857 2,531 133,940 $2,788M
Eye Street office building, fully leased to the DC M
M W
L ST Government. The Boilermaker Shops will also open
in late 2012/early 2013 with several restaurants. By
Under Construction (August 2012)
644 NE SAFEWAY
8 1,692,040 0 S
354,500
UM 1,087 151,140 $532M 506
2014, the area will add another 1,087 residential NE
R HO
units and 151,000 sq. ft. of retail space, including a Pipeline RD
W
AR
1

1

1

D
06

07

08

09

10

11

28 15,626,555 941 6,188,675 6,935 708,328 $4,413M
12

13

14

50,000 sq. ft. Harris Teeter. RD
20

20

20

20

20

20

20

20

20

ST
EV K ST M
2011 ENS O
1. Deliveries based on projects under construction (8/2012)
NPR RR
RD HO IS
W RD
AR

Capitol Riverfront
Image courtest of WC Smith

Image courtesy of STUDIOS Architecture
1 Park Chelsea 2 200 Eye Street 3 Canal Park

4 Capitol Quarter (Phase II) 5 Twelve12 6 The Boilermaker Shops

Image courtesy of Grosvenor USA

7 Foundry Lofts Apartments 8 The Lumber Shed 9 Square 701
Image courtesy of Monument Realty

Image courtesy of Akridge


10 Half Street (Phase II) 11 Akridge at Half Street 12 Camden South Capitol


ST

4TH ST
Development Hot spots N ST

5TH ST
9TH ST H

6TH ST
7TH ST
Mount Vernon Triangle
U ST

5TH ST

4TH ST
M M

M M ST
ST
WASHINGTON
CONVENTION
2
CENTER 1
VE
RK A4 M
ST YO

I-39
3
W
NE SAFEWAY
14TH ST

13TH ST

E

5

NEW
AV

8TH ST
5
NT
MO

6
M

JERS
ST K ST
R
VE

NPR 9
7

EY A
8
10 E
D AV

VE
Q ST
AN
E ISL11
OD
RH 12

Logan
ST
Circle
H ST MA
M SS
AC
HU
SE O ST
TT
S AV
G ST
E

N ST
13TH ST

M
9TH ST
11TH ST

6TH ST
7TH ST

F ST
5TH ST

Development Summary M Total New Residential Units1 (since 2004)
CityVista became the epicenter of the neighborhood # of Total Hotel Office Res. Retail Est.
2ND ST

Proj. SF Rooms SF Units SF Value 2,813
in 2008 when it delivered 685 residences, a 55,000 sq.
M ST
ft. urban lifestyle Safeway grocery store and another Total M 2,579
M ST
27 6,743,774 360 2,623,618 3,842 293,613 M
$1,966M
2,189
62,000 sq. ft. of retail/restaurants. While the area has
E ST WASHINGTON
1,971
been a haven for new residential development (pro-
Completed (since 2001) CONVENTION
1ST ST

jected total of 2,813 new units built from 2004 – 2013), CENTER

VE
16 3,541,774 228 682,418 2,697 163,648 $886M

KA
office development has given the area a steady day-
time population as well. 455 Massachusetts Avenue Under Construction (August 2012) R
delivered a new 242,000 sq. ft. office building in 2008 2 518,000 0 273,200 234 23,800 $180M
729
W YO
L ST D ST
NE SAFEWAY
AVE
and 425 Eye Street, a 388,000 sq. ft. office building, 321
246
Pipeline
underwent a major renovation in 2010. The AAMC will
A
AN
DIinto
open its a new 600-employee headquarters in 2014
9 2,684,000 132 1,668,000 911 106,165 $900M
1

31

AV
04

05

06

07

08

09

10

11

12

IN
1
20

20

20

20

20

20

20

20

20

20

and the former NPR HQ site will be redeveloped
A
D ST

a 450,000 sq. ft. office building.
K ST
C ST N
IA
74 © 2012 Washington, DC Economic Partnership 1. Deliveries based on projects under construction (8/2012)
NPR

PE IS


1 Yale West 2 Yale East 3 460 New York Avenue

Image courtesy of the AAMC

4 Meridian at Mount Vernon Triangle 5 CityVista 6 AAMC
Image courtesy of Boston Properties


Image courtesy of Capital Pixel

7 601 Massachusetts Avenue 8 Hampton Inn/555 Mass Avenue 9 440 K
Image courtesy of the Mount Vernon Triangle BID

10 425 Eye Street 11 455 Massachusetts Avenue 12 DuMont


3

2ND
SUMMIT PL

3RD

5T
4TH
ST

4TH ST
Development Hot spots T ST T ST

5TH ST
H
NoMa

RD
U ST

OLN
M S ST
M

LINC
FL
OR
ID AA
R ST

ST VE

1ST ST
1
NEW

M
ST SIRIUS XM FEDEX
E
AV
14TH ST

13TH ST
J

P ST
RK
ERSE

E
W YO
NE
AV

8TH ST
NoMa O ST 3
Y

NT
AVE

ST
Development Summary

H
MO

M

4T

T
HS
ST M
R

The New York Avenue Metro station opening in 2004

5T

T
ATF
VE

2

HS
has preceded nearly 8.0 million sq. ft. of development N ST

6T
in the NoMa neighborhood. Most notably Constitution
4
6TH ST

Square (Phase I), a 1.5 million sq. ft. mixed-use devel-
5TH ST

4TH ST

E
AV 5
opment consisting of 910,000 sq. ft. of office space, 440
6
apartments, 80,000 sq. ft. of retail anchored by a 50,000 D M
Q ST
AN
M ST M ST

ISL
sq. ft. Harris Teeter grocery store and a 204-room Hil-
E
OD
ton Garden Inn. Seven residential projects are also un- 7
der construction which will add 2,204 new apartments
VE RH
KA
to the area by 4Q 2014.
R 9
YO 8
I-39

W Hotel Logan
# of NE SAFEWAY
Total Office Res. Retail Est. L ST
ST
Circle
5

NEW

10
1ST ST
NORTH CAPITOL ST

Total
JERS

K ST 63 29,402,241 1,022 15,358,715 9,048 1,169,921 $9,220M K ST
NPR

Completed (since 2001) O ST
EY A

23 7,920,488 422 6,042,403 1,216 154,643 $2,526M
I ST
VE

Under Construction (August 2012) 12 11
11 3,153,022 0 939,480 2,204 127,887 $1,032M

N ST Pipeline H ST
H ST MA
SS
13TH ST

M AC
9TH ST
11TH ST

6TH ST

29 18,328,731 600 8,376,832 5,628 887,391 $5,662M
7TH ST

H US
E
5TH ST

Total New Residential Units1 (since 2010)
2010) TT
S AV
G ST 3,376
E
M
M ST
M 2,673 UNION STATION M M ST
F ST
M
2ND ST

3RD ST

6TH ST
4TH ST

5TH ST

WASHINGTON
2ND ST

CONVENTION
CENTER
M
VE
E ST 1,487

KA
1ST ST

R
703
W YO
L ST
VE
D ST NE SAFEWAY
AA
IA N E
IND AV
1

1

41

A Union
10

11

12

13

1

Stanton
3RD ST

N
20

20

20

20

20

C ST Station
IA Square
IS Plaza
1ST ST

PEN U K ST
NSY
76 © 2012Deliveries based on projects under construction (8/2012)
LVA 2011 Washington, DC Economic Partnership LO
1. NPR
NIA
AVE

NoMa

Image Courtesy of The JBG Companies

Visualization by Interface Media
1 Trilogy at NoMa 2 Hyatt Place Hotel 3 Washington Gateway Apartments
Image courtesy of Skanska
Image courtesy of StonebridgeCarras LLC

Image courtesy of WC Smith

4 3 Constitution Square 5 44 & 88 M Street 6 2 M Street

7 Archstone First + M 8 Camden NoMa 9 1111 North Capitol Street
Image courtesy of Trammell Crow Company

Image courtesy of the NoMa BID
Image courtesy of Akridge

10 Sentinel Square (Phase II) 11 Burnham Place at Union Station 12 77 H


CREATING EXCEPTIONAL RESULTS
OFFICE | HEALTHCARE | RESIDENTIAL | INDUSTRIAL | MIXED-USE | RETAIL

MCMILLAN REDEVELOPMENT SENTINEL SQUARE I ST. MATTHEW’S 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 day’s workstation

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

ST

4TH ST

5TH ST
H
Shaw
U ST
M M

1

ST
2
3

4
M
ST
Shaw
14TH ST

13TH ST

Development Summary
E
AV

8TH ST
5
NT

With the opening of the $850 million Walter E. Washing-
MO

ton Convention Center, Shaw is experiencing an urban
renaissance that is seeing investment in new office, retail
M
ST
R
VE

and residential developments. The 1,175-room Conven-
tion 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 residen-
E
tial units, a new 75,000 sq. ft. Giant Food grocery store
D AV
Q ST
AN
ISL
and a 182-room Cambria Suites Hotel by 2013/2014.
Finally, Progression Place will be the new home for the
E
OD
RH 6
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,
Logan
Progression Place and Jefferson at Market Square will
ST
Circle
add 983 new residential units to the market.

# of Total Hotel Office Res. Retail Est.
7

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

Completed (since 2001) 8
26 3,479,567 50 11,892 938 68,372 $1,146M

N ST Under Construction (August 2012)
9
13TH ST

9TH ST
11TH ST

6TH ST

6 2,594,221 1,357 178,442 1,200 184,577 $1,051M
7TH ST

5TH ST

Pipeline
13 2,090,972 507 626,972 1,037 233,117 $345M

M ST Total New Residential Units1 (since 2004)
(since 2004) M M ST
2,100

WASHINGTON
CONVENTION
CENTER

VE
1,322

KA
1,117

R
YO
884
839
775

W
NE SAFEWAY
590
L ST 304 10 11
1

1

1

12
04

05

06

07

08

09

10

11

12

13

14
20

20

20

20

20

20

20

20

20

20

20

K ST
80 © 2012Deliveries based on projects under construction (8/2012)
1. Washington, DC Economic Partnership NPR

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 Shalom Baranes Associates Image courtesy of DHCD Image courtesy of Four Points LLC

5 Bailey Park

11 Square 450
8 Gibson Plaza
2 Progression Place

Image courtesy of the AAMC Image courtesy of The Jefferson Apartment Group Image courtesy of Ellis Development Group

12 AAMC
9 1250 9th Street
3 Howard Theater

6 Jefferson at Market Square

DC Development Report 2012/2013 Edition
Shaw

81

Appendix
Appendix
Methodology | Acknowledgements
4
1
Description

Methodology

The goal of the Washington, DC Economic Partnership was Financing Sources
to create a comprehensive database of development activity Whenever possible, we identify public and private funding
that would help us find answers to the following questions: sources.
• What is the make-up of development activity?
General Contractor
• Where is the development activity occurring?
As one of our primary sources of information, we maintain
• What are the trends? information on the general contractors involved in the
construction of the project.
• How much is being invested in our community?

However, before we could begin to collect development Green Development
information we had to create a methodology to give us If a project contains “green elements” or sustainable design
guidance on what data to assemble on each project and features it is considered a green project.
which projects to include in our database. The following is
a brief explanation of what types of data we try to obtain Groundbreaking
for each development and how we gather that information. The groundbreaking date is an estimate of when a project is
While our database of projects is constantly being updated, scheduled to start. For projects that are under construction
for the purposes of this publication all data reflects project or completed the groundbreaking date can be the date of
status, design and information as of August 2012. 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 Hotel Rooms
information on the architects involved in the design of the For hotel projects, we track the number of new and renovated
project. rooms. The number of rooms does not necessarily reflect
net new rooms because it does not account for rooms taken
Construction Type out of the inventory.
Components of each project are categorized as one of the
following: New Construction, Renovation or Infrastructure. Hot Spots
If a project includes both new construction and renovation
Development “hot spots” are areas within the city with current
we try to record each portion separately.
development underway or several projects in the pipeline.
While there are many areas in the city that easily qualify as
Delivery “hot spots,” these areas stand out for their current activity
The delivery date is an estimate of when a project is scheduled or potential for future development. The areas defined in the
to be completed. For completed projects, this is the date that book are not based on political or neighborhood boundaries
the first certificate of occupancy was issued for the project. (neighborhood names are chosen in order to give a sense
If no certificate of occupancy was issued then we use the of place to the reader).
date supplied by a primary or secondary source.
Imagery
Description Many of the projects in our database include one or more
Complex projects and mixed-use developments include a photos, renderings, elevations or other illustrations. In
description that highlights key components and other points most cases these images are provided by either a primary
of interest about the development project. or secondary source or are photos taken by the WDCEP. In
many cases renderings and illustrations are concepts and
Developer may not reflect the final design.
As one of our primary sources of information, we maintain
information on developers and other controlling interests Lead Tenant
in development projects. The lead tenant could be the first lease signed in a new or
renovated building or the tenant that occupies the most space.


Methodology

LEED Long Term: Projects that are not expected to break ground for
When possible we track the LEED (Leadership in Energy at least 36 months or longer. These projects are considered
& Environmental Design) certification level that has either part of DC’s pipeline.
been obtained or planned to achieve. The level listed may
Medium Term: Projects that have the potential to break
reflect the entire project or one component of a mixed-use
ground in 18–36 months. These projects are considered
or multi-phased project.
part of DC’s pipeline.

Location Near Term: Projects that have the potential to break ground
The physical address is used when possible, however when no in the next 18 months. These projects are considered part
address is possible the closest intersection is used. of DC’s pipeline.

Under Construction: Projects are defined as under construction
Project Cost once a building permit has been issued on the project or a
We track total development costs including both hard and primary source has indicated that construction has begun.
soft costs associated with a project as well as land costs.
Completed: Projects are defined as completed once the
Whenever possible, we use actual costs provided by primary
first certificate of occupancy is issued on a project, except
sources. Sometimes, however, it is necessary to estimate
in the case of a multi-phase project, where each phase of the
project costs based on historical information. Because of
project is tracked separately. If no certificate of occupancy
the tremendous amount of construction activity and staff
was issued then we use the date supplied by a primary or
resources required to maintain the data, we established
secondary source.
a minimum threshold of $5 million to be included in the
database (from 2001–8/2009 the minimum was $1 million).
Use
Each project is categorized by type of use. For mixed-use
Project Name
developments, we capture the square footage or units/
Project names are generally the name of the building or
rooms for each of the following:
the development. However, when projects are referenced
by different sources with different names, we use the most • Community1 • Education2 • Entertainment3 • Hotel
commonly referenced name of the project. When there is • Industrial4 • Medical5 • Museum6 • Office
no name for the project, projects are referenced by address. • Residential • Retail

Residential Units Ward
For residential projects, we track the number of units of The Ward identified for each project is based off of the 2012
both new construction and renovation. The number of new Ward boundaries.
residential units does not necessarily reflect the net new
units on the market because it does not account for units Zip Code
taken out of the inventory. Zip codes are tracked for mapping purposes as defined by
data from our geographic information system (GIS) and may
Square Footage not reflect the actual U.S. Postal zip code for that address.
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. K–12, colleges, universities, etc. 3. movie theaters, live performance venues, etc. 4. industrial warehouse 5. hospitals, clinics, etc. 6. museums memorials


Methodology

Where do we get our information? Adding or Updating Information
To capture the most comprehensive inventory, we use a If you are looking for information about a specific project
variety of sources to gather information about development and you do not see it on our list, it may have been omitted
activity, and whenever possible, we contact the developers for one of the following reasons.
directly to get the most up-to-date and accurate information
1. It did not meet the $5 million threshold. There is simply
available and do site location visits to verify the project’s
too much activity for us to keep accurate information
status. Often our research uncovers discrepancies in available
about every improvement made in the District of
data on project information such as square footage, cost,
Columbia. Therefore, we only collect data for projects
number of units, etc. When this occurs, we try to reconcile
valued over $5 million.
the differences by speaking directly with parties involved in
the development. Some of our sources include: 2. We are missing a key piece of information. Generally
we will include projects in our database even if we do
Primary Sources not have a complete set of data available. However,
Architects some projects are omitted from our reports and analysis
if they are missing key data that we use to query or
Building Permit Data
analyze the database.
Certificates of Occupancy
3. We have questions about the validity of the data.
Developers We make every effort to acquire data from multiple
DC Office of Planning and primary sources to validate our information.
Frequently, we encounter discrepancies in project
DC Office of the Deputy Mayor for Planning
details. Whenever possible we try to reconcile those
Economic Development
discrepancies. Sometimes, we are unable, and we may
DC Office of the Chief Financial Officer exclude the project because of an unresolved question
General Contractors about the data.

Project Managers 4. We may not know about it. Although our data collection
methods are comprehensive, we may miss projects. We
Secondary Sources discover new information almost every day, and we are
Brokers constantly adding projects as we become aware of them.

CoStar If you have information about a development that you would
Business Improvement Districts like included in our database or if you have discovered errors
in our data, please let us know. We rely on your feedback to
Media Newspapers keep our database accurate.
Metropolitan Washington Council of Governments
To add or update a record in our database, please contact:
Neighborhood Newsletters
Chad Shuskey
Senior Vice President, Research Visual Communications
202.661.8674 | cshuskey@wdcep.com

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


Acknowledgements

The Washington, DC Economic Partnership would like to thank the following organizations for their contributions to this
year’s DC Development Report.

A R Development Corporation DC Public Library JDLand Suzane Reatig Architecture

Adjaye Associates DC Water Jefferson Apartment Group Ten Square Group

AEDC DCRealEstate.com Jubilee Housing Tishman Speyer

Akridge Department of General Services Lance Bailey Associates Inc Trammell Crow Company

Archstone Donatelli Development Lee and Associates Triology NoMa

Atelier Architects Douglas Development Level 2 Development UDR
Corporation
Avalon Bay Lincoln Property Company UIP
Downtown BID
Balfour Beatty Construction Madison Investments Urban Atlantic
DRI Partners, Inc
BELL Architects Madison Retail Urban Igloo
Ellis Development Group
Blue Skye Development Manna, Inc. UrbanTurf
Construction Encore Development Corporation
Menkiti Group Washington Business Journal
Bonstra|Haresign Architects EYA
Mill Creek Residential Trust Washington Post
Boston Properties First Potomac Realty Trust
MissionFirst Development WC Smith
Bowie Gridley Architects Forest City Washington
MJ Tyler Assoc. WDG Architecture
Brennan Beer Gorman – BBG Forrester Construction Company
Monument Realty, LLC Wiencek Associates
Capitol Riverfront BID Fort Lincoln New Town
MRP Realty The Wilkes Company
Corporation
Carr Properties
National Realty Development WMATA
Foxhall Partners
Cassidy Turley Corporation
WV Urban Developments LLC
Friedman Capital
CBRE Neighborhood Development
Zimmer Gunsul Frasca
FRP Development Corp Company
City First Enterprises
General Services Administration NoMa BID
City Interests
Gensler Office of the Deputy Mayor
Clark Builders Group
for Planning Economic
George Washington University
Clark Realty Development
Georgetown University
Cohen Companies OTO Development
GlobeSt.com
CoStar Paradigm
GSA
CSG Urban Partners, LLC PN Hoffman
HR Retail
Cushman Wakefield Property Group Partners
Hamel Builders
Dantes Partners Quadrangle Development
Hargreaves Associates Corporation
Davis, Carter, Scott
Hickok Cole Architects The Rappaport Companies
DC Building Industry Association
Hines Republic Properties
DC Department of Consumer
Regulatory Affairs HITT Roadside Development

DC GIS Horning Brothers Skanska

DC Housing Authority Innovative Development Skidmore Ownings Merrill
Solutions
DC Housing Enterprises SmithGroup
Jair Lynch Development Partners
DC Housing Finance Agency Smoot Construction Company of
James G. Davis Construction Washington DC
DC Office of Planning
Corporation
Steuart Investment Company
DC Office of the Chief
The JBG Companies
Technology Officer Stonebridge Associates, Inc.


It is the mission of the Washington, DC Economic
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

DC Development Report: 2012/2013 Edition

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