Organization of Building a Legacy American States
A Confidential Joint Venture Presentation:
Consolidated Headquarters for 11 1 Organization of American States Lincoln Experience
Lincoln Property Company has developed an ongoing presence in the commercial and residential real estate markets. Lincoln is consistently listed as one of the largest real estate developers and managers in the United States and has developed relationships with many of the nation’s most prestigious financial institutions and major life insurance companies.
Ranked as the largest non-REIT manager and developer of multifamily communities in the United States. As one of the premier commercial development and management firms in the country, Lincoln’s projects consistently set the market standard for quality service and product.
Based in Dallas, Texas, Lincoln Property Company employs 6,800 people and is established in 200 U.S. cities within the U.S. and 10 European cities providing a complement of real estate services.
Lincoln Property Company has developed in excess of 75 Million SF of commercial office space, 52 Million SF industrial, 11 Million SF of specialty retail, 25.3 Billion in residential AUM with 212,000 units, and over 138 Million SF of commercial space and 130,000 units of residential under management.
About Lincoln Property Company 2 The information contained herein is confidential and proprietary 1 4 Lincoln Commercial Developments A Representative Sample
1. 1030 15th Street, Washington, D.C. Partner: AFL-CIO Building Investment Trust
5 2. Westory Annex Building, Washington, D.C. Client: Deka Immobilien Investment GMbh 2 3. Maritime Plaza, Washington, D.C. Partner: Washington Gas, Stanford University Endowment Fund
6 4. Lincoln Park III, Dulles, Virginia Partner: Goldman Sachs
5. 1530 Wilson Boulevard, Arlington, Virginia Partner: VIB Management Inc. 3 6. Colonial Place, Arlington, Virginia 7 Client: L&B Group/State of Florida
7. Navy League Building, Arlington, Virginia Client: Navy League of the United States
3 About Lincoln Property Company Lincoln Residential Developments 1 A Representative Sample
1. North Pier, Jersey City, New Jersey 4 Seven story steel and concrete structure over a two level garage – built on a 900 foot pier on the Hudson River. Architect: RTKL 2. Hudson Point, Jersey City, New Jersey A 181 unit project in a six story wood-frame structure surrounding a four story steel garage. Architect: Torti Gallas 2 3. Residences at Bay Street, Montclaire, New Jersey 5 A 163 unit four story wood-frame structure over 6,000 SF retail/public space and a concrete podium parking structure. Architect: DMR Architects 4. Tinner Hill, Falls Church, Virginia Five story wood-frame structure over 48,000 SF of grocery anchored retail (Fresh Market) and three levels of underground
parking. Architect: KTGY 6 5. Lincoln at Discovery Square, Herndon, Virginia 3 A five story wood-frame wrap construction, 342 unit multifamily development 6. Lincoln at Dilworth, Charlotte, North Carolina A 379 unit mixed-use project over 13,000 SF of retail The project is five story wood-frame construction above concrete podium and three levels of structured parking.
4 4 About Lincoln Property Company - Residential A Trusted Partner Development Partner for Institutional & Government Real Estate
Universities Government Nonprofit Organizations
• Harvard University • District of Columbia Government • New Orleans Jazz Orchestra
• Georgetown University • Washington Metro Area Transit Authority • Southern Food & Beverage Museum • Louisiana State University • State of Louisiana Government • Matthews Memorial Baptist • Florida State College • City of Jacksonville Government Church
About Thoron Capital 5 The information contained herein is confidential and proprietary Thoron Representative Transactions
Kenyon Square 1390 Kenyon St. NW, Washington, D.C. Donatelli Development and Gragg & Associates completed the $92 million, 243,000 square foot Kenyon located at the corner 14th and Irving Street adjacent to the Columbia Heights Metro Station. The complex offers 153 condominium units in eight stories, as well as 21,000 square feet of retail.
Highland Park 1400 Irving St NW, Washington, D.C. Donatelli Development and Gragg & Associates completed the $115 million project in 2010. The 182,300 SF, 376-unit apartment building includes 20,000 square feet of retail and underground parking adjacent to the Columbia Heights Metro station, secured through a competitive process
Park Place 850 Quincy Street NW, Washington, D.C. The development rights for the Park Place were awarded to Donatelli Development and Gragg & Associates through a competitive process of the District of Columbia. The largest mixed-used development project along the Georgia Avenue corridor, the 165,000 square foot, $90 million Park Place includes 161 apartment units and 17,000 square feet of ground floor retail space located directly above the Georgia Avenue / Petworth Metro Station.
About Thoron Capital 6 The information contained herein is confidential and proprietary Organization of • Finance and develop a consolidated OAS Headquarters through a joint venture partnership, generating millions of dollars in cost savings and real estate equity. American States • Construct a new Class A building, adjacent to the main building that satisfies OAS office and meeting space requirements. A Consolidated • Provide additional funding to renovate and maintain the main building and the administration building for years to come. Headquarters • Fund additional expansion to create an optional world-class conference and cultural center.
Vision and Concept 7 7 The information contained herein is confidential and proprietary Governmental Entitlement Process April 29, 2016
Mr. Robert Taylor Thoron Capital • D.C. Zoning Commission Foundry Building 1050 30th Street, NW • D.C. Board of Zoning Adjustment Washington, DC 20007 Re: Organization of American States
• Secret Service Dear Robert,
On the behalf of SmithGroupJJR, we are pleased to submit preliminary concepts for a new building on the Organization of • National Park Service American States site, located at the corner of Seventeenth and Constitution Avenue, NW in Washington, DC. The study sug- gests ways in which the Organization of American States can expand their campus in an effort to provide necessary meeting • D.C. Historic Preservation Review space, consolidate resources and improve efficiency, technology and the overall operation of the organization. We recently completed a new building for ourselves, two blocks away neighboring the historic Corcoran Gallery of Art, and fully understand the complexities of designing a project for such a premier location facing the National Mall and adjacent Board to the historic Organization of American States Building. Any project on a site as significant as yours will inevitably be re- viewed by numerous local and federal agencies including the U.S. Commission of Fine Arts, the D.C. Historic Preservation Review Board, D.C. Board of Zoning Adjustment and the National Capital Planning Commission. SmithGroupJJR has a • National Capital Planning long, successful history of working with these agencies to create compelling, award-winning designs within environments as sensitive as Washington’s monumental core. Our understanding, expertise and experience in the undertaking of a project Commission of this importance will be advantageous as we navigate the complex design and entitlements process. Our initial concepts are derived in part by the fundamental design problem and the expectations of the governing agencies. These preliminary solutions range from the idea of a modern office pavilion to a more subtle architectural folly that nestles • D.C. Preservation League quietly within the existing landscape.
We look forward to collaborating with the Organization of American States on the future vision of this site and are • U.S. Commission of Fine Arts available at your earliest convenience to share our ideas and better understand your goals. Thank you again for including SmithGroupJJR as a partner in this exciting endeavor.
• Area Neighborhood Commission Sincerely,
John G. Crump, AIA, LEED AP, NCARB Principal, Workplace Studio Leader
8 SMITHGROUPJJR / 1700 NEW YORK AVENUE NW / SUITE 100 / WASHINGTON, DC 20006 / T 202.842.2100 Conceptual Joint Venture
A.. Sale Price of 1889 F Street $102,000,000 to be distributed as follows:
• Initial Closing: 2Q 2017 $27,000,000 Refinancing of Debt
• New Office Building Development Budget $52,000,000 Deliver: 4Q 2019
• Final Closing: 4Q 2019 $23,000,000
B.. Optional Sale of La Casa del Soldado $16,000,000
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9 The information contained herein is confidential and proprietary • Immediate Debt Service Savings of $500,000 Per Year Benefits of the • Payment Drops from $2.0 Million/Year to $1.49 Million/Year (interest payment only) Joint Venture • OAS Continues to Lease Space to Tenants: Rental Income Fully Covers Debt Services • Disruption-Free Occupancy of Current F Street LocationView Looking East • Provides a New State-of-the-Art Building • More Efficient Space Utilization, Lower Operating Costs Due to Reduced Size, Modern Equipment • Eliminates Capital Maintenance Liabilities of General Secretariat Building • $23,000,000 Payment at Final Closing for Immediate Real Estate Needs • Funds Available for Administration Building Renovations (estimated $10 million)
10 Three Proposed Concepts
11 The information contained herein is confidential and proprietary
AXON DIAGRAM RESPONSE TO SITE
By responding to the geometry of the site, the building deforms at the garden edge, creating narrower East and West facades. The Southwest facade responds to Virginia Avenue and the Southeast facade to the geometry of the A New OAS ConsolidatedThree Headquarters Proposedgarden. Concepts | 3 Preliminary Design Concepts
Concept 1 - The Wedge Concept 2 - The Bar