Introducing Cathedral Commons Washington, DC

Transcription

1 Introducing Cathedral Commons Washington, DC Retail Knowledge Real Advantage Retail Leasing By: H&R Retail Development By: Giant Food Washington, DC Baltimore, Maryland

2 Introduction Cathedral Commons The Bozzuto Group, Giant Food, Southside Investment Partners and H&R Retail are proud to present Cathedral Commons, located in one of the most vibrant urban neighborhoods in Washington, DC. The Market: Excellent demographics Extremely high income 1 mile $137,546 average household income 2 mile $144,987 average household income 3 mile $130,590 average household income Dense population 1 mile 35,202 people 2 mile 125,597 people 3 mile 309,378 people Highly educated 3 miles Bachelor Degree 33.2% Graduate Degree 47.5% Dense daytime population 1 mile 16,735 employees 2 mile 63,994 employees 3 mile 303,604 employees Area Highlights: Cathedral Commons center of the Cathedral Heights and Cleveland Park communities Wisconsin Avenue, NW major arterial carrying over 27,000 cars per day Washington National Cathedral ( 2 blocks south Prominent private schools within walking distance Sidwell Friends School, Saint Albans School, National Cathedral School Universities American University 1 mile north, Georgetown University 1.5 miles south Fannie Mae Headquarters 3 blocks north U. S. Department of Homeland Security ½ mile northwest Georgetown 2 miles south The White House 3 miles southeast The Project: Approximately 4 acres strategically located on Wisconsin Avenue, NW between Macomb Street, NW and Idaho Avenue, NW in Northwest Washington, DC bordering the neighborhoods of Cathedral Heights and Cleveland Park Consists of a new, 56,000 square foot state of the art Giant Food, 68,285 square feet of street front retail, 138 apartments and 8 townhomes Over 700 feet of street frontage on Wisconsin Avenue, NW Signalized access on Wisconsin Avenue, NW, Newark Street, NW and Idaho Avenue, NW Parking South Building Level parking spaces, 10 high floor to floor designated for Giant s use Level parking spaces, 10 high floor to floor designated for retail and office use North Building Level 1 60 parking spaces designated for residential use Level 2 64 parking spaces designated for residential use Street Front Parking Wisconsin Avenue, NW 25 spaces Newark Street, NW 12 spaces Idaho Avenue, NW 11 spaces Retail space availability spaces range in size from 937 to 12,440 square feet Giant Food: Market share leader in Washington, DC Metro with over 40% share Has maintained a store at the Cathedral Commons location for over 56 years The Cathedral Commons Giant will be a state of the art facility providing fresh seafood, meats, produce, specialty foods, natural foods, and all traditional grocery departments Timing: February 19, 2010 the Government of the District of Columbia Zoning Commission published the Approved Wisconsin Avenue Giant PUD and Zoning Map Amendment Application in the DC Register September 2012 Construction Start 2 nd Quarter 2014 Shell Delivery 1 Washington, DC Baltimore, Maryland

3 Location Cathedral Commons Located on the corner of Wisconsin Avenue and Newark Street, NW. SITE SITE 2 Washington, DC Baltimore, Maryland

4 Established Retail Cathedral Commons Washington, DC Facts & Figures Washington, DC Demographics Population 1 632,323 Households 2 269,079 Average Household Income $89,092 Retail & Restaurant Expenditures $5.8 billion Employment Employment 727,800 Average Wage Per Job $78,554 DC Unemployment Rate 3 8.5% Real Estate Office Vacancy Rate 10.4% Office Market Square Feet 147 million Taxable Retail & Restaurant Sales 2 $8.1 billion Tourism Visitors 4 Transportation Metrorail Ridership million 217 million Taxes & Revenues General Obligation Bond Rating 6 A+ Area Land Area Water Area 61 sq. mi. 7 sq. mi. Source: 1. U.S. Census Bureau 2. Washington, DC Economic Partnership 3. Bureau of Labor Statistics 4. Washington Examiner 5. WMATA Washington, DC Baltimore, Maryland

5 Master Plan 4,528 SF of Street Front Retail 8 Townhomes 4,194 SF of Restaurant 124 Apartments 19,373 SF of Street Front Retail 14 Apartments 12,440 SF of Street Front Retail 13,852 SF of Street Front Retail 13,898 SF of Second Level Retail/Office Space 4 Washington, DC Baltimore, Maryland

6 Retail Layout Site Plan Key Total SF Lease Executed 81,528 Lease in Negotiations 19,324 LOI in Negotiations Not Yet Committed 2ND LEVEL 1,000 SQ FT 2,000 SQ FT 2,000 SQ FT 1,400 SQ FT 7,180 SQ FT 5 Washington, DC Baltimore, Maryland

7 Retail Layout North Parcel Site Plan Key Total SF Lease Executed 81,528 Lease in Negotiations 19,324 LOI in Negotiations Not Yet Committed 6 Washington, DC Baltimore, Maryland

8 Retail Layout South Parcel Ground Level Site Plan Key Total SF Lease Executed 81,528 Lease in Negotiations 19,324 LOI in Negotiations 3,321 SQ FT Not Yet Committed 2,004 SQ FT 925 SQ FT 1,422 SQ FT 2,828 SQ FT 7 Washington, DC Baltimore, Maryland

9 Retail Layout South Parcel Second Level 1,000 SQ FT Site Plan Key Total SF Lease Executed 81,528 2,000 SQ FT Lease in Negotiations 19,324 LOI in Negotiations 2,000 SQ FT Not Yet Committed 1,400 SQ FT 7,180 SQ FT 8 Washington, DC Baltimore, Maryland

10 Parking Layout Level 1 Level Washington, DC Baltimore, Maryland

11 Retail Rendering Wisconsin Avenue, NW and Newark Street, NW 10 Washington, DC Baltimore, Maryland

12 Aerial View Wisconsin Avenue, NW and Newark Street, NW 11 Washington, DC Baltimore, Maryland

13 Retail Rendering Wisconsin Avenue, NW 12 Washington, DC Baltimore, Maryland

14 Retail Rendering Giant and Cathedral View 13 Washington, DC Baltimore, Maryland

15 Retail Rendering Idaho Avenue, NW and Newark Street, NW 14 Washington, DC Baltimore, Maryland

16 Elevations North side of Newark Street, NW South side of Newark Street, NW 15 Washington, DC Baltimore, Maryland

17 Full Demographic Profile Census, 2013 Estimates with 2018 Projections Calculated using Proportional Block Groups Lat/Lon: / Cathedral Commons Washington, DC Population Households Age Marital Status & Sex Income 1 mile radius 2 mile radius 3 mile radius 2013 Estimated Population 35, , , Projected Population 39, , , Census Population 33, , , Census Population 32, , ,825 Projected Annual Growth 2013 to % 2.5% 2.6% Historical Annual Growth 2000 to % 0.5% 0.9% 2013 Estimated Households 19,177 60, , Projected Households 20,811 66, , Census Households 18,190 57, , Census Households 18,246 57, ,885 Projected Annual Growth 2013 to % 1.7% 1.7% Historical Annual Growth 2000 to % 0.5% 0.9% 2013 Est. Population Under 10 Years 7.5% 8.4% 8.5% 2013 Est. Population 10 to 19 Years 6.0% 8.2% 8.2% 2013 Est. Population 20 to 29 Years 23.5% 23.1% 24.0% 2013 Est. Population 30 to 44 Years 24.5% 24.5% 25.4% 2013 Est. Population 45 to 59 Years 16.8% 16.4% 16.5% 2013 Est. Population 60 to 74 Years 15.1% 13.7% 12.0% 2013 Est. Population 75 Years or Over 6.7% 5.7% 5.3% 2013 Est. Median Age Est. Male Population 43.0% 45.7% 47.9% 2013 Est. Female Population 57.0% 54.3% 52.1% 2013 Est. Never Married 57.1% 57.1% 59.1% 2013 Est. Now Married 34.1% 34.9% 31.9% 2013 Est. Separated or Divorced 6.2% 5.3% 6.0% 2013 Est. Widowed 2.6% 2.7% 3.0% 2013 Est. HH Income $200,000 or More 21.4% 24.8% 22.6% 2013 Est. HH Income $150,000 to $199, % 7.0% 6.2% 2013 Est. HH Income $100,000 to $149, % 15.9% 14.5% 2013 Est. HH Income $75,000 to $99, % 11.6% 11.5% 2013 Est. HH Income $50,000 to $74, % 15.0% 14.4% 2013 Est. HH Income $35,000 to $49, % 9.8% 9.8% 2013 Est. HH Income $25,000 to $34, % 4.5% 5.5% 2013 Est. HH Income $15,000 to $24, % 4.0% 5.1% 2013 Est. HH Income Under $15, % 7.4% 10.4% 2013 Est. Average Household Income $137,546 $144,987 $130, Est. Median Household Income $102,245 $111,351 $100, Est. Per Capita Income $75,240 $70,653 $62, Est. Total Businesses 1,209 5,655 22, Est. Total Employees 16,735 63, ,604 Cathedral Commons Washington, DC Race Hispanic Education (Adults 25 or Older) Housing Homes Built By Year Home Values 1 mile radius 2 mile radius 3 mile radius 2013 Est. White 83.7% 79.6% 67.4% 2013 Est. Black 4.7% 7.5% 17.3% 2013 Est. Asian or Pacific Islander 6.7% 6.4% 6.2% 2013 Est. American Indian or Alaska Native 0.2% 0.3% 0.3% 2013 Est. Other Races 4.7% 6.2% 8.8% 2013 Est. Hispanic Population 3,144 13,697 43, Est. Hispanic Population 8.9% 10.9% 14.0% 2018 Proj. Hispanic Population 10.5% 12.7% 16.1% 2010 Hispanic Population 8.2% 10.0% 12.9% 2013 Est. Adult Population (25 Years or Over) 26,816 91, , Est. Elementary (Grade Level 0 to 8) 1.7% 2.6% 4.9% 2013 Est. Some High School (Grade Level 9 to 11) 1.8% 2.2% 4.1% 2013 Est. High School Graduate 6.4% 5.5% 8.9% 2013 Est. Some College 6.6% 7.9% 8.6% 2013 Est. Associate Degree Only 2.8% 2.2% 2.7% 2013 Est. Bachelor Degree Only 33.2% 32.1% 29.5% 2013 Est. Graduate Degree 47.5% 47.5% 41.2% 2013 Est. Total Housing Units 20,158 63, , Est. Owner-Occupied 44.8% 44.9% 42.4% 2013 Est. Renter-Occupied 50.3% 50.9% 52.7% 2013 Est. Vacant Housing 4.9% 4.2% 4.9% 2010 Homes Built 2005 or later 1.7% 2.2% 4.1% 2010 Homes Built 2000 to % 2.2% 3.1% 2010 Homes Built 1990 to % 2.6% 3.9% 2010 Homes Built 1980 to % 3.9% 5.3% 2010 Homes Built 1970 to % 6.0% 7.6% 2010 Homes Built 1960 to % 11.2% 11.7% 2010 Homes Built 1950 to % 15.2% 14.2% 2010 Homes Built Before % 56.7% 50.2% 2010 Home Value $1,000,000 or More 19.6% 23.5% 18.2% 2010 Home Value $500,000 to $999, % 37.6% 36.3% 2010 Home Value $400,000 to $499, % 9.0% 11.0% 2010 Home Value $300,000 to $399, % 15.0% 16.6% 2010 Home Value $200,000 to $299, % 10.1% 11.6% 2010 Home Value $150,000 to $199, % 1.9% 2.5% 2010 Home Value $100,000 to $149, % 1.2% 1.6% 2010 Home Value $50,000 to $99, % 1.0% 1.1% 2010 Home Value $25,000 to $49, % 0.6% 0.8% 2010 Home Value Under $25, % 0.1% 0.3% 2010 Median Home Value $633,171 $723,219 $631, Median Rent $1,493 $1,488 $1,407 Cathedral Commons Washington, DC Labor Force Occupation Transportation To Work Travel Time Consumer Expenditure 16 Washington, DC Baltimore, Maryland 1 mile radius 2 mile radius 3 mile radius 2013 Est. Labor Population Age 16 Years or Over 31, , , Est. Civilian Employed 70.4% 68.8% 67.8% 2013 Est. Civilian Unemployed 2.5% 2.4% 3.3% 2013 Est. in Armed Forces 0.4% 0.3% 0.4% 2013 Est. not in Labor Force 26.7% 28.6% 28.5% 2013 Labor Force Males 42.1% 45.1% 47.5% 2013 Labor Force Females 57.9% 54.9% 52.5% 2010 Occupation: Population Age 16 Years or Over 20,526 71, , Mgmt, Business, & Financial Operations 28.0% 27.9% 26.6% 2010 Professional, Related 46.3% 46.6% 42.4% 2010 Service 8.3% 9.2% 11.8% 2010 Sales, Office 15.2% 13.8% 14.1% 2010 Farming, Fishing, Forestry Construction, Extraction, Maintenance 0.8% 0.9% 2.3% 2010 Production, Transport, Material Moving 1.4% 1.6% 2.8% 2010 White Collar Workers 89.5% 88.3% 83.1% 2010 Blue Collar Workers 10.5% 11.7% 16.9% 2010 Drive to Work Alone 37.1% 34.9% 34.7% 2010 Drive to Work in Carpool 5.3% 5.2% 5.2% 2010 Travel to Work by Public Transportation 39.2% 37.8% 35.9% 2010 Drive to Work on Motorcycle 0.2% 0.2% 0.2% 2010 Walk or Bicycle to Work 11.3% 13.8% 16.9% 2010 Other Means 0.6% 0.6% 0.5% 2010 Work at Home 6.2% 7.5% 6.5% 2010 Travel to Work in 14 Minutes or Less 11.8% 12.5% 13.2% 2010 Travel to Work in 15 to 29 Minutes 43.2% 39.8% 40.1% 2010 Travel to Work in 30 to 59 Minutes 40.6% 43.1% 41.3% 2010 Travel to Work in 60 Minutes or More 4.4% 4.5% 5.3% 2010 Average Travel Time to Work Est. Total Household Expenditure $1.70 B $5.64 B $12.5 B 2013 Est. Apparel $83.5 M $277 M $614 M 2013 Est. Contributions, Gifts $127 M $430 M $947 M 2013 Est. Education, Reading $54.4 M $184 M $407 M 2013 Est. Entertainment $96.5 M $320 M $709 M 2013 Est. Food, Beverages, Tobacco $259 M $852 M $1.90 B 2013 Est. Furnishings, Equipment $79.2 M $263 M $580 M 2013 Est. Health Care, Insurance $116 M $384 M $853 M 2013 Est. Household Operations, Shelter, Utilities $513 M $1.70 B $3.77 B 2013 Est. Miscellaneous Expenses $27.3 M $89.7 M $199 M 2013 Est. Personal Care $24.5 M $80.8 M $179 M 2013 Est. Transportation $322 M $1.06 B $2.35 B

18 Retail Knowledge Real Advantage For Retail Leasing Information, Please Contact: David A. Ward James P. Crilley H&R Retail, Inc. Baltimore, Maryland 2800 Quarry Lake Drive Suite 320 Baltimore, MD Telephone: Facsimile: H&R Retail, Inc. Washington, DC 7201 Wisconsin Avenue Suite 600 Bethesda, MD Telephone: Facsimile: Information herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. Independent confirmation of its accuracy and completeness is your responsibility, H&R Retail, Inc. Washington, DC Baltimore, Maryland