PRESENTATION TO MCENEARNEY ASSOCIATES
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1 October 28, 2014 Subtitle will go here PRESENTATION TO MCENEARNEY ASSOCIATES ALEXANDRIA ECONOMIC DEVELOPMENT PARTNERSHIP
2 History with McEnearney 1
3 What Makes Alexandria Ideal Subtitle will go here
4 3
5 Awards & Accolades Arts, Tourism, Community, Economy, Education & More TOURISM: National Trust for Historic Preservation Distinctive Destination PHILANTHROPY: Top City for Online Giving, four years running out of 273 cities, Alexandria ranks #1 or #2 ARTS: America s Top Art Places Mid-Sized Cities by AmericanStyle Magazine ENVIRONMENT: National Geographic Society s Top 50 Greenest Cities AMBIANCE: One of the Nation's Most Romantic Cities as ranked by Amazon.com EDUCATION: Most Well-Read City in America, based on book, magazine and newspaper sales COMMUNITY: #5 of Top 10 Best Downtowns by Livability.com and one of the nation s 100 Best Communities for Young People by the America s Promise Alliance 4
6 Millennials Move to Alexandria In September 2014, RealtyTrac announced analyzed that Arlington and Alexandria were the TOP TWO MARKETS attracting millennials! - 21 to 36 year olds - drawn to jobs - 1 & 2 of 1,800 communities - Biggest increase
7 Where the Millennials are New residential and retail popping up around the City Apartments, condos and townhomes on Beauregard & Pickett Condos, townhomes and hotel on the waterfront New restaurants on King Street & Mt. Vernon Avenue Conversion of outdated office into condos 6
8 Planned Development in Alexandria Subtitle will go here
9 Future Development Focus Transit Corridors and Infrastructure Influence Density 8
10 Potomac Yard 9
11 Potomac Yard Development New Transit will Anchor Mixed-Use Development North Potomac Yard 7,525,000 sf including: 1100 Residential Units 1,930,000 sf Office Mix of 3,395,000 sf Office or 3,395 Residential Units 930,000 sf Retail 170,000 sf Hotel South Potomac Yard 1,926 Residential Units 1,932,000 sf Office 135,000 sf Retail 625 Room Hotel North Potomac Yard Approved redevelopment includes office, residential, retail, hotel, parks and open spaces and community facilities. South Potomac Yard Development underway is pre-dominantly residential, with parks, open spaces, and community facilities. Office, retail, and hotel development planned in next phases. 10
12 Possible Metro Locations Study for Build Options A, B & D in final stages Alternatives A & B are at grade stations Alternative D is raised platform, similar to new Silver Line stations Preliminary Estimated Costs: - Alternative A: $209 M - Alternative B: $268 M - Alternative D: $493 M 11
13 Potomac Yard Town Center MRP and JBG Developing Mixed-Use Project 12
14 Potomac Yard Town Center MRP and JBG Developing Mixed-Use Project 13
15 Braddock Road Metro Multi-Family Residential with Neighborhood Retail 230 acres Office 400,000 SF Retail 72,000 SF Residential 2,700,00 SF 14
16 Braddock Road Metro Multi-Family Residential with Neighborhood Retail 230 acres Office 400,000 SF Retail 72,000 SF Residential 2,700,00 SF 15
17 Development Sites in Old Town WMATA Releasing RFP s for Bus Barn & Braddock Metro; Pepco 16
18 Waterfront Development 3 Sites Privately Controlled- Hotel, Retail and Residential Robinson Terminal South & Cummings/Turner Robinson Terminal North 17
19 Robinson Terminal South EYA and JBG 18
20 Robinson Terminal South EYA and JBG 19
21 Robinson Terminal South EYA and JBG 20
22 Carr City Centers Hotel Indigo First new Waterfront Hotel- Construction Underway 21
23 Robinson Terminal North City Interests & Manhattan Construction 22
24 Carlyle and Eisenhower Avenue Office, Hotel and Multi-Family Residential on Metro 23
25 Hoffman Town Center Development Surrounding the Eisenhower Metro 24 Story Residential Towers 1,200 apartments Anchored by Harris Teeter 24
26 Landmark Mall & Van Dorn Mall Redevelopment Leads Revitalization 25
27 Beauregard Redevelopment Mixed-Income Housing, Transit and Amenities Mixed-Income Housing, Transit and Amenities 26
28 Developers & Investors Alexandria- Ideal for Investment JBG EYA City Interests Edens & Avant StonebridgeCarras American Real Estate Partners JM Zell Companies The Hoffman Companies MRP The Howard Hughes Company Paradigm Companies Lowe Enterprises USAA Carr City Centers Equity Residential Akridge Foulger Pratt 27
29 What s New: Retail and Restaurants Subtitle will go here
30 State of the Market Report Available on AlexandriaIdeal.com 29
31 Subscribe for Weekly News Economic Development Events & Articles Every Monday Look for this box at the bottom of our homepage, and submit your address! AlexandriaIdeal.com 30
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