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Preliminary Official Statement -- WSSC CPI Bonds 2014
OFFICIAL STATEMENT DATED APRIL 15, 2014 NEW ISSUE – Book-Entry Only Fitch Ratings: AAA Moody’s Investors Service: Aaa Standard & Poor’s Ratings Services: AAA See “Ratings” In the opinion of Bond Counsel, (i) under existing law, interest on the Bonds is exempt from taxation by the State of Maryland and its counties and municipalities; no opinion is expressed as to estate or inheritance taxes or any other taxes not levied or assessed directly on the interest on the Bonds; and (ii) assuming compliance with certain covenants described herein, interest on the Bonds will be excludable from gross income for federal income tax purposes under existing statutes, regulations and decisions. Interest on the Bonds for federal income tax purposes is not includable in the alternative minimum taxable income of individuals, corporations or other taxpayers as an enumerated item of tax preference or other specific adjustment; however, interest on the Bonds may be taken into account in determining “adjusted current earnings” for purposes of computing the alternative minimum tax for corporations, and interest on the Bonds will be subject to the branch profits tax imposed on foreign corporations engaged in a trade or business in the United States of America. See “TAX MATTERS.” $197,395,000 WASHINGTON SUBURBAN SANITARY DISTRICT, MARYLAND (MONTGOMERY AND PRINCE GEORGE’S COUNTIES, MARYLAND) $150,000,000 $47,395,000 Consolidated Public Improvement Consolidated Public Improvement Bonds of 2014 Refunding Bonds of 2014 Dated: Date of Delivery Due: June 1, as shown on the inside front cover Interest Payment Date: June 1 and December 1, beginning December 1, 2014 Denomination: $5,000 or any integral multiples thereof Form: Registered, book-entry only through the facilities of The Depository Trust Company Optional Redemption: The Construction Bonds maturing on or after June 1, 2025 are subject to redemption prior to maturity without premium. -
The Target Corporation
APPLICATION ACCEPTED: January 3, 2019 PLANNING COMMISSION: May 22, 2019 County of Fairfax, Virginia May 8, 2019 STAFF REPORT APPLICATION CSPA 2007-LE-007 LEE DISTRICT APPLICANT: The Target Corporation PRESENT ZONING: PDC, HC, and SC PARCELS: 90-2 ((12)) 2 ACREAGE: 13.65 acres PLAN MAP: Transit Station Mixed Use PROPOSAL: The applicant seeks approval of a Comprehensive Sign Plan Amendment for building mounted signs on a portion of the Springfield Town Center. STAFF RECOMMENDATIONS: Staff recommends approval of CSPA 2007-LE-007, subject to the proposed development conditions in Appendix 1. It should be noted that it is not the intent of staff to recommend that the Planning Commission, in adopting any conditions, relieve the applicant/owner from compliance with the provisions of any applicable ordinances, regulations, or adopted standards. It should be further noted that the content of this report reflects the analysis and recommendation of staff; it does not reflect the position of the Planning Commission. The approval of this rezoning does not interfere with, abrogate or annul any easement, covenants, or other agreements between parties, as they may apply to the property subject to this application. Daniel S. Creed Department of Planning and Zoning Zoning Evaluation Division 12055 Government Center Parkway, Suite 801 Fairfax, Virginia 22035-5509 Excellence * Innovation * Stewardship Phone 703-324-1290 FAX 703-324-3924 Integrity * Teamwork * Public Service www.fairfaxcounty.gov/dpz/ For information, contact the Zoning Evaluation Division, Department of Planning and Zoning, 12055 Government Center Parkway, Suite 801, Fairfax, Virginia 22035-5505; (703) 324-1290; TTY 711 (Virginia Relay Center). -
Q2 Investor Update
Q2 INVESTOR UPDATE PREIT Malls ABOUT PREIT Our community-centric retail and leisure real estate solutions maximize opportunities for the communities we serve, connecting people to jobs and businesses to customers. Our portfolio is located primarily in densely-populated, high businesses barrier-to-entry markets attractive to a wide array of uses. Recognizing the role we play, we optimize our real estate to create the most sustainable business model for each community, in turn MAXIMIZING THE VALUE OF OUR customers jobs PORTFOLIO FOR STAKEHOLDERS. PREIT has spent the last decade creating a stronger portfolio that meets the needs of the modern consumer through thriving disposition of 19 lower-productivity properties, repositioning communities 19 anchor boxes with over 3 dozen new tenants and securing a differentiated tenant base that is comprised of 30% “open air” tenancy. 2 Q2 FINANCIAL HIGHLIGHTS Same store NOI is up 62% Total liquidity of $104.9 million at end of Q2 FFO per share exceeding plan at $0.10, up 267% over the 2020 quarter Core Mall June sales +16% over June 3 Q2 OPERATING HIGHLIGHTS Core Mall Rolling 12 sales are est. to have reached a new high at $549 per sq Total Core Mall leased ft, an increase of space at 92.6% 1.3% over last reported comp sales in Feb. 2020 Construction is underway 500,000 sq ft of leases for Aldi to open its first signed for future openings, store in our portfolio at expected to contribute Dartmouth Mall in annual gross rent of $10.8 Dartmouth, MA in Q3 million 2021 4 RECENT ACTIVITY Phoenix Theatres signed a lease to replace former theater at Woodland Mall in Grand Rapids HomeGoods will replace the former Bed Bath & Beyond space at Cumberland Mall New retailer, Turn 7 signed to replace the former Lord & Taylor at Moorestown Mall Our properties welcomed 15 new tenants across the portfolio in Q2, accounting for over 120,000 square feet of leased space Retailers expanding in portfolio: Aerie/Offline, Rose & Remington, Windsor, Purple and more. -
Creating a Pedestrian Friendly Tysons Corner
CREATING A PEDESTRIAN FRIENDLY TYSONS CORNER By RYAN WING A THESIS PRESENTED TO THE GRADUATE SCHOOL OF THE UNIVERSITY OF FLORIDA IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF ARTS IN URBAN AND REGIONAL PLANNING UNIVERSITY OF FLORIDA 2010 1 © 2010 Ryan Wing 2 ACKNOWLEDGMENTS I would like to thank my chair, Joseli Macedo, and cochair, Richard Schneider, for their time, encouragement and recommendations to help this become a better, more complete document. Just when you think everything is done and you have a completed thesis, they come back to tell you more that they want to see and ways to improve it. I would like to thank my parents for their constant encouragement and support. Throughout the research and writing process they were always urging me along with kind and motivating words. They would be the constant reminder that, despite having seven years to finish the thesis once the program is started, that I was not allowed to take that long. 3 TABLE OF CONTENTS page ACKNOWLEDGMENTS .................................................................................................. 3 LIST OF FIGURES .......................................................................................................... 6 ABSTRACT ..................................................................................................................... 8 CHAPTER 1 INTRODUCTION .................................................................................................... 10 2 REVIEW OF THE LITERATURE ........................................................................... -
West Falls Church Economic Development Project
RESPONSE TO REQUEST FOR DETAILED PROPOSAL FOR WEST FALLS CHURCH ECONOMIC DEVELOPMENT PROJECT RFDP NUMBER 0822-18-GMHS-WFC SUBMITTED BY: Falls Church Gateway Partners FALLS CHURCH GATEWAY PARTNERS (FCGP) 4800 Hampden Lane Suite 300 Bethesda, MD 20814 (301) 812-4785 Due: August 29, 2018 2:00 PM WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH WEST FALLS CHURCH COVER SHEET AND ADDENDA SHEET AND ADDENDA COVER Market Common Clarendon, Regency Centers RESPONSE TO REQUEST FOR DETAILED PROPOSAL FOR WEST FALLS CHURCH ECONOMIC DEVELOPMENT PROJECT RFP NUMBER 0822-18-GMHS-WFC WEST FALLS CHURCH WEST FALLS CHURCH -
Renovation Last Fall
Going Places Macerich Annual Report 2006 It’s more than the end result—it’s the journey. At Macerich®, what’s important isn’t just the destination. It’s the bigger picture, the before and after...the path we take to create remarkable places. For retailers, it’s about collaboration and continual reinvestment in our business and theirs. For the communities we serve, it’s about working together to create destinations that reflect their wants and needs. For investors, it’s about long-term value creation stemming from a clear vision. For consumers, it’s about the total experience our destinations deliver. 0 LETTER TO STOCKHOLDERS Letter to Our Stockholders Macerich continued to create significant value in 2006 by elevating our portfolio and building a sizeable return for our stockholders. Total stockholder return for the year was 33.9%, contributing to a three-year total return of 121.5% and a five-year total return of 326.2%. In 2006, the company increased dividends for the 13th consecutive year. As a company that considers its pipeline a tremendous source of strength BoulderTwenty Ninth is a prime Street example is a prime of howexample 2006 of was how indeed 2006 awas remarkable indeed a yearremark of - and growth, Macerich reached an important milestone in 2006 with the buildingable year netof building asset value net for asset Macerich. value for We Macerich. also completed We also the completed redevelop the- re- opening of Twenty Ninth Street in Boulder, Colorado. Not only is this a mentdevelopment of Carmel of CarmelPlaza in Plaza Northern in Northern California, California, another another excellent excellent model of model terrific new asset in an attractive, affluent community—it represents a sig- valueof value creation, creation, where where we we realized realized a significant a significant return return on onour our investment. -
Has the Retail Apocalypse Hit the DC Area?
POLICY BRIEF Has the Retail Apocalypse Hit the DC Area? Leah Brooks, Urbashee Paul and Rachel Shank APRIL 2018 POLICY BRIEF APRIL 2018 | LEAH BROOKS, URBASHEE PAUL AND RACHEL SHANK1 In 1977, the White Flint Mall opened to great acclaim as Maryland’s premier mall, complete with glass elevators, glamorous anchor stores, and an exciting eatery. Now, more than four decades later, White Flint Mall is situated in a sea of empty parking lots. Except for anchor tenant Lord and Taylor, with which the mall owner is in protracted litigation, the mall sits empty. About a decade before White Flint launched, Northern Virginia’s Tysons Corner Center opened, also to acclaim. Tyson’s Corner has seen continued success,2 welcoming Apple’s flagship store in 2001,3 and Spanx’s first brick and mortar store in 2012.4 The promised increase in walkability ushered in by the Silver Line expansion has heralded opportunity for new residential and commercial development.5 To what extent is this divergence due to e-commerce? The Rise of E-commerce Indeed, there is substantial evidence that brick-and-mortar retail is suffering. CNN Money10 reports that 2017 marked E-commerce dates to 1994, when the New York Times the highest number of retail store closure announcements in reported that Philadelphia’s Phil Brandenberger used his history. Within the past year, once-prominent malls in computer to purchase a Sting album. In the following year, New Jersey and Pennsylvania have closed almost 200 Amazon sold its first book, and Pierre Omidyar founded stores. And the wave seems unlikely to be over: Toys R Us Ebay.6 has recently declared bankruptcy, while long-time anchor tenants Sears, Kmart, J.C. -
One Destination. Countless Adventures
ONE DESTINATION. COUNTLESS ADVENTURES. George Washington’s MARYLAND Mount Vernon — Once home WASHINGTON, DC to the first president of the WASHINGTON DULLES INTERNATIONAL U.S., Mount Vernon is now AIRPORT the most visited historic FAIRFAX COUNTY estate in America. Enjoy RONALD VIRGINIA REAGAN tours of the estate, distillery WASHINGTON NATIONAL and gristmill, blacksmith shop AIRPORT and more. National Air and Space Museum Steven F. Udvar-Hazy Center — Enter the spectacular 10-story high hangar filled with thousands of air and space artifacts, including some of the most famous aircraft and spacecraft in the world. Wolf Trap — The only national park for the performing arts, Wolf Trap offers concerts for every musical taste. Picnic under the stars in summer or cozy up in the intimate Barns in winter. Workhouse Arts Center — This former prison is now a dynamic studio space for 65 artists working on site. Enjoy exhibits, concerts, theatrical performances and a variety of art classes. Wineries — Visit both award-winning Paradise Springs Winery and The Winery at Bull Run or any of the additional 80 wineries in Northern Virginia. Shopping — Be sure to leave ample time for shopping! Fairfax County offers some of the best shopping on the East Coast — from over 450 stores and restaurants in the Tysons Corner shopping area to boutique and one-of-a-kind shops. Information: Ali Morris l [email protected] l 703-752-9505 l www.FXVA.com 25 FAIRFAX COUNTY ADVENTURES BOSTON • 8 hours, 440 miles From birding to breweries, art to artifacts, Fairfax LOCATED IN THE County is your perfect home base no matter what NEW YORK • kind of trip you are planning. -
Northern Virginia New Construction & Proposed Multifamily Projects 3Q18
Northern Virginia New Construction & Proposed Multifamily Projects 3Q18 ID PROPERTY UNITS 100 Crowne Plaza Hotel Redevelopment 293 101 Potomac Yard Landbay D 342 1 Abberly Avera 336 102 South Henry Street & King Street 52 2 Altaire, The 451 103 Arden, The 126 3 Dominion Arms Redevelopment 188 104 Huntington Crossing 364 180 4 Exo 457 105 Picket Place 2,400 177 5 Kingston at McLean Crossing 350 106 2000 North Beauregard 300 6 Arcadia Run Phase III 72 107 Beauregard Town Center 573 168 7 Modera Mosaic Phase II 222 108 2636 Wilson Blvd 135 8 Silver Collection at Celebrate 278 109 1400 Key Blvd 274 70 Total Lease-Up 2,354 110 Clarendon West 247 22 68 113 9 730 - 750 North Glebe 483 111 Clarendon West Phase II 337 47 10 Centro Arlington 366 169 170 112 Kirkwood Road 254 67 174 46 109 114 11 Gables Pointe 14 368 113 Rosslyn Building - East Redevelopment 407 66 193 25 12 Sur, The 360 114 Rosslyn Plaza 300 172 111 45 13 Scout on the Circle 400 69 165 164163 112 115 115 Rosslyn Plaza Phase II 250 175 110 108 44 14 Cameron Park 302 116 1500 Westbranch 400 176 131 52 78 11 15 Trinity Centre 355 173 161 167 83 162 120 53 117 6862 Elm Street 240 152 61 116 117 187 92 16 Allure at Jefferson, The 338 118 Arbor Row Block A1 268 60 189 188 141 130 9 27 21 17 Pentagon Center Building A 440 64 166 4 156 80 126 124 119 Arbor Row Block A2 426 148 151 19 77 91 90 18 Cityside Huntington Metro Phase II 145 120 Avalon at Tyson West 350 71 192 63 160 62 135 51 19 Boro, The 835 149150 48 118 119 3 93 17 121 Boro Phase II, The 1,550 65 154 23 125 32 2 30 20 Gateway at King, The 352 122 Highland District Buildings C-F 1,210 82 158 155 79 5 29 21 Liberty Center 244 171 122 50 10 31 123 J. -
White Oak Science Gateway Master Plan Commercial Market Analysis
East County Science Center Commercial Market Analysis Prepared for: Montgomery County Planning Department Maryland-National Capital Park and Planning Commission May 11, 2011 DRAFT Contents Executive Summary .................................................................................................................... ii I. Corridor History and Current Conditions .............................................................................. 4 Corridor Demographics ........................................................................................................... 7 II. Development Context ............................................................................................................. 8 Lessons Learned from Analogous Development Districts ..................................................... 8 University Connections ........................................................................................................ 8 Business Incubators ............................................................................................................. 9 Development Funding .......................................................................................................... 9 Multitenant Buildings........................................................................................................ 10 Key Success Factors ........................................................................................................... 10 Federal Anchors ................................................................................................................ -
Leesburg Corner Premium Outlets® the Simon Experience — Where Brands & Communities Come Together
LEESBURG CORNER PREMIUM OUTLETS® THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER More than real estate, we are a company of experiences. For our guests, we provide distinctive shopping, dining and entertainment. For our retailers, we offer the unique opportunity to thrive in the best retail real estate in the best markets. From new projects and redevelopments to acquisitions and mergers, we are continuously evaluating our portfolio to enhance the Simon experience - places where people choose to shop and retailers want to be. We deliver: SCALE Largest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills® QUALITY Iconic, irreplaceable properties in great locations INVESTMENT Active portfolio management increases productivity and returns GROWTH Core business and strategic acquisitions drive performance EXPERIENCE Decades of expertise in development, ownership, and management That’s the advantage of leasing with Simon. PROPERTY OVERVIEW LEESBURG CORNER PREMIUM OUTLETS® LEESBURG, VA LEESBURG CORNER PREMIUM OUTLETS LEESBURG, VA 15 7 Leesburg For t E MAJOR METROPOLITAN AREAS SELECT TENANTS vans Gaithersburg Rd. White's 107 15 Ferry (Bypass) Tysons Corner: 23 miles Saks Fifth Avenue OFF 5TH, adidas, Ann Taylor Factory Store, Armani D u S 15 y 270 l c Frederick Exit 1B l Take 2nd right es o l Exit 15N l G i 28 n r Washington, D.C.: 35 miles Outlet, Banana Republic Factory Store, Barneys New York Warehouse, ee R 7 n d . Leesburg w Rockville 95 ayr Baltimore, MD: 75 miles Brooks Brothers Factory Store, Burberry, Calvin Klein Company Store, Baltimore Pot om acR Coach Factory Outlet, DKNY Company Store, Elie Tahari Outlet, HUGO D iver u ll es BOSS Factory Store, J.Crew Factory, Jones New York, kate spade new G RETAIL r ee york, LACOSTE Outlet, Michael Kors Outlet, Nautica, NikeFactoryStore, nw ay 7 GLA (sq. -
Macerich to Add Primark Stores to Retail Lineups at Tysons Corner Center and Green Acres Mall
Macerich To Add Primark Stores To Retail Lineups At Tysons Corner Center And Green Acres Mall May 10, 2021 -New Deals Further Solidify Macerich's Relationship with Primark- SANTA MONICA, Calif., May 10, 2021 /PRNewswire/ -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets, today announced new deals to bring Primark stores to two additional centers, Tysons Corner Center and Green Acres Mall. These new leases further solidify Macerich's relationship with Primark, as landlord to six of the brand's U.S. stores. The four other Primark stores in Macerich's portfolio include Danbury Fair Mall (open), Freehold Raceway Mall (open), Kings Plaza (open), and Fashion District Philadelphia (a two-level flagship store on Market Street now under construction and expected to open later this year). Leasing demand across the Macerich portfolio is on pace with pre-COVID 2019 levels, in large part due to the strength of the Company's high-quality town centers. In 2021, shopper traffic and sales are continuing to steadily rise with the loosening of restrictions within Macerich's major markets. The two new, two-level Primark stores are set for Tysons Corner Center, Macerich's powerhouse mixed-use property in Northern Virginia just outside Washington, D.C., and Green Acres Mall, the Company's well-positioned property located where New York City meets upmarket Long Island suburbs, replacing the recently closed JCPenney. Primark is a highly regarded international retailer known for its "Amazing Fashion at Amazing Prices," featuring clothing and accessories for women, men and kids, as well as beauty and homewares.