National Landing – Pentagon City, Crystal City and Potomac Yard • Located in the Heart of the DC Region, Adjacent to Reagan National Airport
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24171_PR_Horizontal Boards.indd 2 7/24/2018 6:46:08 PM The HQ2 Process: Getting from A to Z What does it take to win? • Amazon released its RFP on September 7, 2017 and announced its decision 432 days later. • The project consisted of written proposals, multiple site visits, custom website and videos. • In Arlington, a core team of 6 AED staff, and in Alexandria AEDP dedicated the equivalent of 3 full-time employees to the project. It is estimated that thousands of hours were spent working in order to be responsive and timely. • Over 100 county, city and schools employees across multiple departments assisted AED and AEDP with preparing the joint proposal. Round 1 Proposal Proposal Reviewed Round 2 Proposal Amazon Proposal Review/ Site Visits & Developed by Amazon Developed Partner Team Strategic Prep Negotiations Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 May-18 July-18 Sep-18 Nov-18 The Northern Virginia The(NOVA) Northern Proposal Virginia (NOVA) Proposal Unprecedented Joint Proposal Joint proposal for HQ2 bid by Arlington and Alexandria identified sites in NationalUnprecedented Landing – Pentagon City, JointCrystal City Proposal and Potomac Yard Joint proposal for HQ2 bid by Arlington and Alexandria identified sites in National Landing – Pentagon City, Crystal City and Potomac Yard • Located in the heart of the DC region, adjacent to Reagan National Airport • Single development• Located in thepartner heart – of JBG the SMITH DC region, adjacent to Reagan National Airport • Single development partner – JBG SMITH • Highly educated• Highly educatedmarket market • Proximity to the nation’s capital • Proximity• toExtensive the nation’s transportation capital network • 17+ million square feet of office space National Landing • Extensive transportation network • 17+ million square feet of office space National Landing: Center of the DC Region MD Washington, DC VA What is National Landing? PartnershipPartnership Investment Investment Proposal Proposal VirginiaVir pursued pursu a distinctive tinctiv strategy strat for HQ2 that tha will wil position pos our entire entir tech sector for success tech t f success rom theFrom otset the outset, the the ommonwealth Commonwealth of Virginia o irinia committed committe to match the scale to andmat structure of sca the financial tructur commitment commitment for HQ2 with the f ambition of the project throughmb a combination of proj company throh commitments a cominationand o companyinvestments commitments in our state and an regional investments competitiveness in for or all technology state an firms reional and corporate competitiveness headquarters. for all technoloy irms an corporate heaarters TRADITIONAL INVESTMENTS IN VIRGINIA’S INCENTIVES COMPETITIVENESS We ill lanch a series o 40% initiatives to grow Virginia’s 60% tech talent and inrastrctre while supporting Amazon’s sccess in irinia Proposed Alexandria and Arlington Joint Commitments ProposedArlington Alexandria County and the and City ofArlington Alexandria proposed Joint theCommitments following local Aingtincentives Coun as part of this Alexandria project roposedwith 97% of the proposed local incentive incentiv this ojpackage investing 97 of in the roposed community. incentiv ackag inves th ommunity. 4% 3% • $570M in new, expedited and/or • M in new, epeite an/or enhanced transportation infrastructure enhanceand transit transportation improvements inrastruture an transit improvements 18% • M• $150Min new,in new, afforale affordable andan workforce workforce housinghousing approimatel (approximately 2,000+ units)units • M in strategic investments in 75% inrastruture• $28M in strategic pars investments open spae in and transportationinfrastructure (parks, open space and transportation) • M in TO rants for Amazon ransportation • $23M in TOT Grants for Amazon Aorale ousing TO rant trategic nvestments in Infrastructure Infrastructure Projects CRYSTAL CITY VIRGINIA RAILWAY POTOMAC YARD METRO EXPRESS (VRE) STATION SOUTH ENTRANCE AT POTOMAC AVENUE CRYSTAL CITY METRO PEDESTRIAN BRIDGE TO POTOMAC YARD STATION EAST ENTRANCE RONALD REAGAN AIRPORT METRO STATION BOUNDARY CHANNEL DRIVE INTERCHANGE REGIONAL TRAIL ROUTE 1 AT RICHMOND HIGHWAY EAST GLEBE ARMY NAVY DRIVE COMPLETE CRYSTAL CITY POTOMAC YARD AND STREET STREETLIGHTS VIRGINIA TECH DEL RAY SMART INNOVATION MOBILITY CAMPUS COMPLETE STREETS COLUMBIA PIKE EAST PENTAGON CITY METRO STATION END SECOND ELEVATOR COLUMBIA PIKE TRANSIT STATIONS HQ2 Steering Committee National Landing Transportation Projects Current LB photo Long Bridge Transitway Expansion VRE Station Potomac Yard Metro Station Crystal City Metro East Entrance CC2DCA Pedestrian Bridge Route 1 Crystal Drive Metro Access S. JOYCE ST. MOUNT VERNON AVE. COLUMBIA PIKE Four Mile Run S. HAYES ST. S. GLEBE RD E. GLEBE RD S. FERN STREET 23RD STREET ROUTE 1 ARMY NAVY DR. ROUTE ONE 15THSTREET S. EADS STREET 18TH STREET 18TH CRYSTAL DRIVE POTOMAC AVE. 23RD STREET POTOMAC AVE. 20TH STREET 18TH STREET INTERSTATE 395 15TH STREET 12TH STREET GEORGE WASHINGTON MEMORIAL PARKWAY RONALD REAGAN NATIONAL AIRPORT VRE Transit Hub S. JOYCE ST. MOUNT VERNON AVE. COLUMBIA PIKE Four Mile Run S. HAYES ST. S. GLEBE RD E. GLEBE RD S. FERN STREET 23RD STREET ROUTE 1 ARMY NAVY DR. ROUTE ONE 15THSTREET S. EADS STREET 18TH STREET 18TH CRYSTAL DRIVE POTOMAC AVE. 23RD STREET POTOMAC AVE. 20TH STREET 18TH STREET INTERSTATE 395 15TH STREET 12TH STREET GEORGE WASHINGTON MEMORIAL PARKWAY RONALD REAGAN NATIONAL AIRPORT Pedestrian Bridge to DCA S. JOYCE ST. MOUNT VERNON AVE. COLUMBIA PIKE Four Mile Run S. HAYES ST. S. GLEBE RD E. GLEBE RD S. FERN STREET 23RD STREET ROUTE 1 ARMY NAVY DR. ROUTE ONE 15THSTREET S. EADS STREET 18TH STREET 18TH CRYSTAL DRIVE POTOMAC AVE. 23RD STREET POTOMAC AVE. 20TH STREET 18TH STREET INTERSTATE 395 15TH STREET 12TH STREET GEORGE WASHINGTON MEMORIAL PARKWAY RONALD REAGAN NATIONAL AIRPORT Richmond Highway to Grade What does it all mean? $7B of Concentrated Richmond Hwy to Grade Pedestrian Bridge to Reagan National Airport Scale and Investment Virginia Tech Innovation Campus JBG SMITH Existing Amazon Future Development Opportunities Infrastructure/Education (State & Local Funded) JBG SMITH’s National Landing Market Presence 71% 20.5% 65% of Commercial of Residential of Unencumbered Market Market Development Sites in National Landing (6.9M SF) A Repositioned Neighborhood An unbroken retail spine drives energy on the street A dining thoroughfare Reimagined spaces usher in a Seamless Metro connections activates the streetscape new approach to working transform local accessibility Terraces and green spaces create small getaways Density by design Housing Improvements Retail Enhancements Estimated Potential Development Density New Living, Dining , and Retail Creation of Multiple Small 4-5K ~120K SF 6.9M SF 18-24 Hour Public Parks New Units Along Crystal Drive With Additional Retail Vibrant Community and Green Spaces Virginia Tech • 35,000 students • 250 undergraduate and graduate degree programs • $530+ million research portfolio • #5 Nationally in STEM degrees awarded • #5 Top rated engineering/computer science graduates • Land grant mission and commitment to service, Ut Prosim Innovation Campus • Graduate campus with master’s and PhD programs • Computer science and engineering focus • 750 master’s graduates at scale • Undergraduate experiential learning opportunities • Magnet for talent and partnerships of all types • Complements significant undergraduate enrollment Crystal City Old Town 1 Crystal City Old Town 2 Amazon Anticipated AmazonPath of Growth Anticipated Path of Growth Expect Jobs 40000 37,850 30000 25,000 20000 10000 0 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Pha Pha Estimate GF 7000000 6000000 6,056,000 5000000 4,000,000 4000000 3000000 2000000 1000000 0 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Pha Pha 24171_PR_Horizontal Boards.indd 2 7/24/2018 6:46:08 PM.