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WASHINGTON DC WASHINGTON 655 NEW YORK AVENUE shalom baranes associates architects DOUGLAS DEVELOPMENT ©2012 Shalom Baranes Associates, P.C. RENDERING - AERIAL A8 TABLE OF CONTENTS DC Market Overview An Introduction to Mount Vernon Triangle Mount Vernon Triangle Neighborhood Spotlight Demographic + Psychodemographic Profile Property Closeup Access + Visibility The Opportunity 655 NEW YORK AVENUE shalom baranes associates architects DOUGLAS DEVELOPMENT ©2012 Shalom Baranes Associates, P.C. RENDERING - AERIAL A8 SHAW / HOWARD U BROOKLAND WOODLEY PARK connecticut ave nw DC MARKET OVERVIEW ADAMS MORGAN 16th street Washington DC is a city of unique, vibrant neighborhoods connected by a comprehensive and multi-modal mass transit system. Thanks 13th st nw 13th st to strong infrastructure and major employment generators, Mount georgia ave nw georgia ave blooMINGDALE Vernon Triangle, along with the District as a whole, is experiencing extensive growth in the residential, commercial, and entertainment sectors. The nation’s capital – with Mount Vernon Triangle as one of 14TH & U STREET CORRIDOR its most vibrant neighborhoods – is widely recognized as one of the most progressive cultural and economic powerhouses in the nation. rhode island ave nw MIDCITY DUPONT LOGAN CIRCLE CIRCLE CONVENTION UNION MARKET CENTER NORTH new york ave nw GEORGETOWN florida ave ne CONVENTION center k st nw MOUNT VERNON k st nw TRIANGLE H STREET corriDOR FOGGY nw st capitol north BOTTOM nw 9th st white verizon house center EAST union END station constitution ave nw CAPITOL HILL NATIONAL MALL independence ave sw easTERN MARKET / barracKS ROW A 24/7 neighborhood with abundant restaurants, entertainment destinations, office space, THE MANY SIDES OF and residential options, Mount Vernon Triangle is easily accessible from the Red, Yellow, and Green Metro lines. The Triangle’s entertainment and cultural destinations draw visitors from across the DC metro area and from around the globe, and thousands of employees MOUNT VERNON TRIANGLE and residents that call the neighborhood home. One million + people attend DC conventions annually. Over a dozen Zagat-rated restaurants are located within a ¼ mile radius. 74,317 employees work within a ½ mile radius. 6 Capital Bikeshares and 3 Metro lines in a ½ mile. More than 4,200 residential units recently developed or being developed in a ½ mile. Multiple VIDA Fitness locations and a District CrossFit are just blocks away. KEY RECENT & FUTURE DEVELOPMENTS WITHIN ½ MILE A CityCenterDC I Yale Lofts R 459 Eye Street 295,000 SF Retail 224 Apartments 170 Apartments 515,000 SF Office 460 New York Ave Dept. of Veterans Affairs NEIGHBORHOOD SPOTLIGHT J S 458 Apartments 63 Condominiums 26,353 SF Retail Just north of retail and entertainment destinations F Street and Chinatown 216 Condominiums Meridian at MVT 361,647 SF Office via 7th Street, Mount Vernon Triangle is coming into its own. Anchored by K B Marriott Marquis 390 Apartments 285,434 SF V.A. Office City Vista and its brand new Safeway grocery store, the neighborhood is 1,175 Hotel Rooms 400 New York Ave T 300 K Street experiencing a wave of residential and mixed-use development. L C 655 K Street 340 Apartments 25,000 SF Retail 14,346 SF Retail 500,000 SF Office CityVista Office Tower Above M 455 Mass 115,000 SF Retail U Retail Space ½ MILE D 635 Mass Ave 244 Apartments 18,000 SF Retail 441 Condominiums 250,000 SF Office 450,000 SF Office 450 K Street V 401 & 425 Mass ¼ MILE 600 Mass Ave N 559 Apartments E 7,000 SF Retail 1 Retail Space 233 Apartments Madrigal Lofts 380,000 SF Office W 440 K Street 259 Condominiums Square 483 O CONVENTION I F 9,500 SF Retail X 255 H Street CENTER 30,000 SF Retail 234 Apartments 325 Apartments 575,000 SF Office 400 K Street The Sonata H 550 K Street P Y G 12,500 SF Retail 75 Condominiums L Retail Space K 250,000 SF Office Air Rights Tunnel Project J 465 New York Ave Z H Arts at 5th & Eye 2,300,000 SF B Q 5 7 181 Hotel Rooms 10,000 SF Retail 2 6 4 8 350 Hotel Rooms 3 9 M KEY TENANTS WITHIN ¼ MILE F 10 C 15 11 12 13 14 1 Subway 14 Mandu 27 Starbucks 1127 7th Street 453 K Street 800 7th Street 17 D 16 G N O P Passenger VIDA Fitness Matchbox 2 15 28 18 21 1021 7th Street 445 K Street 713 H Street T 20 22 Q R S 3 Living Social 16 Arnold & Porter 29 Asian Spice 1005 7th Street 635 Massachusetts Avenue 717 H Street 19 E 23 38 W 4 N.Y. Avenue Beach Bar 17 Acadiana 30 Cuba Libre U 645 New York Avenue 901 New York Avenue 801 9th Street V Y A 24 31 5 District CrossFit 18 FedEx 31 PNC Bank 30 25 635 New York Avenue 800 K Street 833 7th Street 32 37 X 26 33 Safeway / Starbucks Ping Pong Dim Sum Hooters 6 19 32 36 490 L Street 900 7th Street 825 7th Street 29 28 27 34 35 7 Capital One 20 VIDA Fitness / Starbucks 33 Nando’s Peri-Peri 1075 5th Street 999 9th Street 819 7th Street 8 Sweetgreen 21 Blackboard 34 Walgreen’s / Panera Bread 1065 5th Street 650 Massachusetts Avenue 801 7th Street Z 9 Ace Hardware 22 Cafe Phillips 35 Vapiano 1055 5th Street 650 Massachusetts Avenue 623 H Street Chipotle TD Bank Chinatown Coffee Co. 10 23 36 VERIZON 1045 5th Street 901 7th Street 475 H Street CORRIDOR MAP KEY AMER. ART MUSEUM CENTER Busboys & Poets Goethe-Institut Sixth Engine Future & Recent Developments + NAT’L PORTRAIT NAT’L BUILDING Z 11 24 37 GALLERY MUSEUM 1025 5th Street 812 7th Street 438 Massachusetts Avenue Entertainment Destinations 12 Taylor Gourmet 25 RFD Washington 38 Subway / The UPS Store Key Retail 485 K Street 810 7th Street 455 Massachusetts Avenue Capital Bikeshare Station Kushi Fado Irish Pub 13 26 Z 465 K Street 808 7th Street Mount Vernon Triangle Boundary DEMOGRAPHICS + PSYCHODEMOGRAPHICS The demographic profile in the area is extremely strong, as is the growth rate, both past and projected. With continued development in DC expected to remain strong – especially in Mount Vernon Triangle – these numbers will continue to move in a positive direction. Additionally, as more development moves into the area, the profile of the “typical” resident is changing. With a solid core of mature professionals, young urbanites with more expendable income to shop and dine out are giving the area a more youthful, hip vibe. ProJected Average Median Daytime Population Growth Growth Growth HH Income Housing Population 2013 2000-2010 2010-2013 2013-2018 2013 Value 2013 2013 ¼ Mile 4,813 40.71% 9.04% 13.63% $98,551 $438,521 4,056 WHILE DEMOGRAPHICS ARE FACTS AND FIGURES ½ Mile 19,981 36.66% 10.40% 14.91% $102,189 $417,905 74,317 ABOUT INCOME, EDUCATION, POPULATION AND THE LIKE, ¾ Mile 37,331 29.05% 9.63% 14.16% $104,589 $437,013 170,426 PSYCHODEMOGRAPHICS INDICATE THE TRUE NATURE OF HOW A POPULATION LIVES. BOHEMIAN MIX YOUNG DIGERATI AMERICAN DREAMS A collection of mobile urbanites, Bohemian Young Digerati are tech-savvy and live in American Dreams is a living example of Mix represents the nation’s most liberal fashionable neighborhoods on the urban how ethnically diverse the nation has lifestyle. Its residents are an ethnically fringe. Affluent, highly educated, and become: just under half the residents are diverse, progressive mix of young singles, ethnically mixed, Young Digerati communities Hispanic, Asian, or African-American. In couples, and families ranging from students to are typically filled with trendy apartments these multilingual neighborhoods – one in professionals. In their funky row houses and and condos, fitness clubs and clothing three speaks a language other than English apartments, Bohemian Mixers are the early boutiques, casual restaurants and all types of – middle-aged immigrants and their children adopters who are quick to check out the latest bars – from juice to coffee to microbrew. live in upper-middle-class comfort. movie, nightclub, laptop, and microbrew. RETAIL LOBBY EXPOSED BRICK THE SPACE TO BE 655 NEW YORK AVENUE // BRAND NEW RETAIL SPACE l STREET nw 70,969 TOTAL SQUARE FEET OF RETAIL SPACE // 10 Story GLASS OFFICE Tower Above C D E B A F nw G H STREET P I ground FLOOR 7th O MASSING N J M L G 1021 7th Street L 649 New York Avenue 10,000 SF 2,345 SF K C 1035 7th Street H 1019 7th Street M 639 New York Avenue 1,650 SF 4,000 SF 2,578 SF D 1033 7th Street I 1017 7th Street N 629 New York Avenue new york ave nw 2,414 SF 2,986 SF 2,810 SF A 622 L Street E 1027 7th Street J 1015 7th Street O 627 New York Avenue 1,597 SF 8,910 SF 6,000 SF (2 Levels) 1,598 SF B 640 L Street F 1023 7th Street K 1005-1011 7th Street P 625 New York Avenue 2,903 SF 4,950 SF 10,322 SF (1st / LL) 5,906 SF 655 NEW YORK AVENUE shalom baranes associates architects DOUGLASDEVELOPMENT ©2012 Shalom Baranes Associates, P.C. FLOOR PLAN - LEVEL 1 (GROUND) A13 655 NEW YORK AVENUE shalom baranes associates architects DOUGLASDEVELOPMENT ©2012 Shalom Baranes Associates, P.C. FLOOR PLAN - LEVEL 1 (GROUND) A13 2 WAY TRAFFIC M STREET NW UNOBSTRUCTED VIEWS ACCESS + VISIBILITY Square 450 is easily accessed by three of the most important transportation CAPITAL BIKESHARE corridors in the city, 7th Street (known as Georgia Avenue to the north, and MT VERNON SQUARE a direct connection to the East End entertainment core), K Street, and New 5,465 York Avenue / Route 50 – Mount Vernon Triangle’s main street.