Tenleytown Profile Most Mature, Desirable Areas of the District, with American University Adding an Air of Intellect and Constant Influx of Young People
Total Page:16
File Type:pdf, Size:1020Kb
Table of Contents DC Market Overview Market Profile: Tenleytown The Wisconsin Avenue Corridor Demographic + Psychodemographic Profile The Opportunity Property Closeup Access + Visibility FRIENDSHIP HEIGHTS FORT ROCK CREEK TOTTEN PARK TENLEYTOWN AMERICAN U. VAN NESS / TENLEY CAMPUS WISCONSIN AVE NW UDC 16T SPRING H VALLEY MASSACHUSETTS AVE NW S CONNECTICUT AVE NW T REE PETWORTH T N GEORGIA AVE NW AMERICAN U. MOUNT W MAIN CAMPUS CLEVELAND PLEASANT PARK BROOKLAND NATIONAL ZOO COLUMBIA HEIGHTS SHAW / 13T HOWARD U ADAMS Morgan H NAVAL S OBSERVATORY T N BlooMINGDALE W GLOVER EMBASSY ROW PARK RHODE ISLAND AVE NW 14TH & U STREET CORRIDOR DC Market Overview MIDCITY DUPONT LOGAN FLORIDA AVE NE Washington DC is a city of unique, vibrant neighborhoods connected CIRCLE CIRCLE by a comprehensive and multi-modal mass transit system. Thanks to CONVENTION strong infrastructure and major employment generators, Tenleytown, CENTER NORTH along with the District as a whole, is experiencing extensive growth NOMA in the residential, commercial, and entertainment sectors. The GEORGETOWN NEW YORK AVE NW nation’s capital – with Tenleytown emerging as one of its most vibrant neighborhoods – is widely recognized as one of the most progressive K ST NW cultural and economic powerhouses in the nation. K ST NW FOGGY BOTTOM On the Red Line, and with bustling Wisconsin Avenue as its main street, thousands of employees, students, and residents call Tenleytown home. Its dozens of restaurants and shops – anchored by Whole Foods, Best Buy, The Container Store, and Safeway – makes the neighborhood one of the Tenleytown Profile most mature, desirable areas of the District, with American University adding an air of intellect and constant influx of young people. Over two dozen Zagat-rated SHOPPING restaurants within a 1 mile radius. Within ¼ mile of CVS, Whole Foods, Safeway, or The Container Store. DINING Just two blocks from the Metro Red Line and Capital LIVING Bikeshare. Plus within ¼ mile of 11 Metrobus lines. Over 15,000 people live within a ¾ mile radius of Tenley View. CONNECTING STUDYING Less than a block away from fields and tennis courts at Fort Reno Park. PLAYING 6,766 undergrads and 3,464 graduate students attend American University. KEY TENANTS OF WISCONSIN AVENUE CORRIDOR WITHIN ½ MILE Corridor Map 1 Rodman’s 26 Washington Karate Academy 5100 Wisconsin Avenue NW 4001 Brandywine Street NW 1 Just south of shopping powerhouse Friendship Heights, 2 Coldwell Bankers 27 Northwest Sport & Health Tenleytown is coming into its own as a retail and dining 5028 Wisconsin Avenue NW 4001 Brandywine Street NW 2 destination. With bustling Wisconsin Avenue as its spine, York Flowers CVS Pharmacy 3 3 28 Tenleytown is home to a thriving community poised to 5023 Wisconsin Avenue NW 4555 Wisconsin Avenue NW 5 4 experience a new wave of growth and development. Citibank Hudson Trail Outfitters 4 29 6 5001 Wisconsin Avenue NW 4530 Wisconsin Avenue NW 7 5 Rome Pizza & Sub 30 Whole Foods Market 8 5000 Wisconsin Avenue NW 4530 Tenley Circle NW 9 10 13 6 Pete’s New Haven Style Apizza 31 Sears Home Appliance Showroom 11 4940 Wisconsin Avenue NW 4530 40th Street NW 12 14 7 Matisse 32 Angelico Pizza ½ MILE 4934 Wisconsin Avenue NW 4529 Wisconsin Avenue NW 15 National Diving Center Guapo’s 8 33 ¼ MILE 4932 Wisconsin Avenue NW 4515 Wisconsin Avenue NW 16 9 Wells Fargo Home Mortgage 34 Starbucks 4926 Wisconsin Avenue NW 4513 Wisconsin Avenue NW 17 FORT RENO 10 Tanad Thai Cuisine 35 Payless Shoe Source PARK 4912 Wisconsin Avenue NW 4505 Wisconsin Avenue NW 18 19 21 11 Bikram Yoga 36 Panera Bread 4908 Wisconsin Avenue NW 4501 Wisconsin Avenue NW 22 23 20 12 DC Dance Collective 37 The Container Store 4908 Wisconsin Avenue NW 4500 Wisconsin Avenue NW 24 25 26 27 WOODROW WILSON 13 Le Chat Noir 38 Best Buy HIGH SCHOOL 4907 Wisconsin Avenue NW 4500 Wisconsin Avenue NW 29 28 14 Happy Paws 39 Tenley-Friendship Library 32 4904 Wisconsin Avenue NW 4450 Wisconsin Avenue NW 33 30 31 TD Bank Tenley Market 34 15 40 35 TENLEYTOWN-AU 4849 Wisconsin Avenue NW 4326 Wisconsin Avenue NW 36 38 METRO 16 Safeway 41 Z Burger 37 4203 Davenport Street NW 4321 Wisconsin Avenue NW 39 17 Yosaku Japanese 42 7 Eleven 4712 Wisconsin Avenue NW 4319 Wisconsin Avenue NW 18 Osman & Joe’s Steak ‘n Egg Kitchen 43 Popeye’s 4700 Wisconsin Avenue NW 4309 Wisconsin Avenue NW 19 State Farm Insurance 44 Hour Eyes 4701 Wisconsin Avenue NW 4301 Wisconsin Avenue NW 20 Papa John’s 45 Chipotle 41 4656 Wisconsin Avenue NW 4301 Wisconsin Avenue NW AMERICAN UNIVERSITY Satay Club PNC Bank TENLEY CAMPUS 42 21 46 43 4654 Wisconsin Avenue NW 4249 Wisconsin Avenue NW 40 44 45 22 Kitty O’Shea’s 47 Cava Mezze Grill 4624 Wisconsin Avenue NW 4237 Wisconsin Avenue NW 46 23 Murasaki Japanese 48 Pizza Autentica 47 4620 Wisconsin Avenue NW 4200 Wisconsin Avenue NW CORRIDOR MAP KEY Dancing Crab The UPS Store 24 49 49 4611 Wisconsin Avenue NW 4200 Wisconsin Avenue NW Key Retail 48 50 25 Public 50 Sullivan’s Art Supply Points Of Interest 4611 41st Street NW 4200 Wisconsin Avenue NW Capital Bikeshare Station Demographics + Psychodemographics Popula�on (2008) The demographic profile in Tenleytown is extremely strong, as is the growth rate, both past and projected thanks to its historic housing stock, Metro access, and prime location within the District. Incomes are very high, as are housing values, corroborating the neighborhood’s reputation as one of the most affluent in the city. With continued development in DC expected to remain strong, it is expected that these numbers will continue to move in a positive direction. With a solid base of mature professionals, students, and young urbanites – groups that together make up the psychodemographic profile – the area continues$ to grow and evolve as consumers demand more experiential dining, retail, and living opportunities. Per Capita Income (2008) Popula�on (2008) % % % $ Popula�on (2008) Per Capita Income (2008) Households (2008)Popula�on (2008) Projected Average Median Daytime Population Growth Growth Growth HH Income Housing Value Population 2013 2000-2010 2010-2013 $ 2013-2018 2013-2018 2013 2013$ Per Capita Income (2008) Households (2008) Per Capita Income (2008) ¼ Mile 1,670 27.70% 6.85% 11.44% $167,747 $695,176$ $ 1,953$ $ $ $ Average HH Income (2008) ½ Mile 5,831 23.27% 6.13% 10.39% $178,296 $699,838 7,313 $ $ $ $ $ $ Households (2008) Average HH Income (2008) Households (2008) ¾ Mile 15,174 13.26% 6.20% 10.51% $176,935 $685,319% 16,526 $ $ $ $ $ $ % Projected Popula�on $ $ $ $ $ $ Average HH Income (2008) Projected Popula�on Average HH Income (2008) Growth (2008-2013) Growth (2008-2013) KEY PSYCHODEMOGRAPHIC SECTORS WITHIN ¾ MILE % % ProjectedMoney Popula�on & Brains - 3,844 Households (66%) MedianYoung Housing Digerati - 2,325 HouseholdsProjected (33%) Popula�on Growth (2008-2013) Value (2008) Growth (2008-2013) Young Digerati are tech-savvy and live in fashionable The residents of Money & Brains seem to have it all: high Median Housing neighborhoods on the urban fringe. Affluent, highly educated, incomes, advanced degrees, and sophisticated tastes to match Value (2008) their credentials. Many of these city dwellers are married and ethnically mixed, Young Digerati communities are typically couples withMedian few children Housing who live in fashionable homes on filled with trendy apartments and condos, fitnessMedian clubs Housing and Value (2008) Value (2008) small, manicured lots. clothing boutiques, casual restaurants, and all types of bars – from juice to coffee to microbrew. While demographics are facts and figures about income, education, population and the like, psychodemographics indicate the true nature of how a population lives. The Opportunity Tenley View is a one-of-a-kind opportunity for retailers and restaurateurs, home to 18,000 square feet of prime space on two levels with 60 luxury residences lofted above. Be a part of Tenleytown’s most anticipated new mixed-use property. GROUND FLOOR RETAIL PLAN LOWER LEVEL RETAIL PLAN RETAIL SPACE A 1,624 SF WISCONSIN AVENUE WISCONSIN AVENUE RETAIL SPACE B 2,700 SF RETAIL SPACE D 7,401 SF RETAIL SPACE C 2,728 SF RETAIL PLAN KEY Retail Space Outdoor Patio The Plan & The Specs Tenley View is positioned in the heart of Tenleytown, with retail opportunities facing both Wisconsin Avenue and Brandywine Street. • Approximately 14,000 square feet of retail • 2-story retail opportunities • Excellent visibility • Outdoor patio space • 60 residential units above RETAIL STACKING PLAN RETAIL SPACE C RETAIL SPACE B 2,728 SF 13’9” 2,700 SF RETAIL SPACE A 15’9” 1,624 SF 17’1¼” 10’7½” RETAIL SPACE D 15’9½” 14’0” 7,401 SF 13’1¼” FORT RENO PARK Access & Visibility Tenley View is easily seen and accessed via Wisconsin Avenue, one of the most important transportation and activity corridors in the city. Just CHESAPEAKE STREET NW two blocks from the Tenleytown-AU Metro and its Capital Bikeshare station, and a quarter mile from American University’s Tenley Campus, the building is all-access and high-profile at the same time. WILSON H.S. DANCING CRAB NORTHWEST SPORT & HEALTH RIVER ROAD NW // 9,400 VPD PUBLIC WISCONSIN AVENUE NW // 28,800 VPD BRANDYWINE STREET NW BRANDYWINE STREET NW 42ND STREET NW STREET 42ND CVS 40TH STREET NW HUDSON TRAIL OUTFITTERS ANGELICO PIZZA WHOLE FOODS MARKET ACE HARDWARE GUAPO’S STARBUCKS SEARS HOME BEST BUY PAYLESS SHOE APPLIANCE SHOWROOM SOURCE 2 WAY TRAFFIC 1 WAY TRAFFIC PANERA BREAD THE CONTAINER UNOBSTRUCTED STORE TENLEYTOWN - AU VIEWS 7,070 CAPITAL BIKESHARE AVG WEEKDAY EXITS 702 H Street NW, Suite 400 Washington, DC 20001 202.638.6300 www.DouglasDevelopment.com.