PERIMETER: The Premier Office Market in Metro

PCIDs Standard Template; Updated: Oct 03, 2013 EVOLUTION OF Livable Center Sustainable THE MARKET Placemaking

Congested Office District 1990s

Suburbs/ early 1970s

I-285 THEN Opened 1969 & NOW Farm Land 1960s 2 PERIMETER 30 YEARS AGO… • Primarily a corporate office, shopping and hotel district • Disconnected by design • Heavy traffic congestion • Few connections and gateways across major highways • Limited pedestrian mobility • No ADA-compliant street crossings • Under developed property • Lack of multi-use developments • Insufficient housing to jobs ratio • Large surface parking lots and “super blocks”

3 MOVING FROM SUBURBAN TO URBAN

. MIXED-USE DEVELOPMENTS with significant new housing built on vacant lots & parking lots

. Transition of OUTDATED OFFICE PARKS TO RESIDENTIAL

. New developments at HIGHER DENSITIES

. Implementation of PUBLIC SPACE STANDARDS

(*Source: Wikipedia 2011) 4 @ THE CENTER OF SUCCESS: PERIMETER COMMUNITY IMPROVEMENT DISTRICTS The PCIDs are leading the changes to keep this market strong! PCIDs work cross- WHAT IS A CID? jurisdictionally with CIDs in are created by the state 5 local governmental legislature and adopted by local partners (Sandy governments. They are quasi-governmental Springs, Dunwoody, and self-taxing for purposes of infrastructure Brookhaven, DeKalb and other improvements in a defined & Fulton geographic area. County,) as well as state ONLY commercial property and federal elected owners pay the additional tax officials and agencies millage, not residents. to achieve successful results.

5 THE IMPACT OF THE PCIDs PCIDs and their partners make a difference in the lives of Perimeter’s workers, residents and visitors through transportation improvements that encourage connectivity and access.

• $236.6 Million in tax revenues to the State of Georgia (2014) • of Dunwoody: 63.4% net fiscal impact on budget • City of Sandy Springs: 26.4% net fiscal impact on budget • City of Brookhaven: 7.1% net fiscal impact on budget CID dollars can only be used for certain purposes as indicated by their individual State Legislation and local agreements.

Source: Balmoral Group 2015 6 PERIMETER SUBMARKET STATISTICS

• 33 million-square feet of office space (total square footage comprises all office, office condominium, office loft, office medical, all classes and all sizes and both multi-tenant and single- tenant buildings including owner-occupied buildings) • 85% of market space occupied • 10,458 companies • 134,650+ employees • $5.1 billion commercial real estate value

Source: Balmoral Group 2015 7 PERIMETER: THE LOCATION OF CHOICE Both small businesses and Fortune 500 Companies call Perimeter home. Companies moving, expanding or renewing in the Central Perimeter market over the last few years include:

• Air Watch • First Data Corp. • Newell Rubbermaid • AutoTrader.com • Focus Brands • Oldcastle • Chep • IBM • State Farm • • IHG • T-Mobile • Convergent Resources • JAS Forwarding USA • UPS • Crawford & Company • Mercedes Benz USA And many more!

Sources: Balmoral Group 2015 8 CENTER OF HEALTH & WELLNESS

The Perimeter market offers easy access to some of the nation’s best health care. Major hospitals in Perimeter include:  Children’s Healthcare of Atlanta at Scottish Rite  Emory/St. Joseph’s   Piedmont Heart Institute These world-class medical facilities represent a $3.04 billion annual economic impact on the Metro Atlanta region.

Source: Glenn Pearson, Executive Vice President, Georgia Hospital Association 9 16 Year History of Leverage

1999 - 2014 2015+

$31.2 M $41.7 M

$114.8 M 914.8 M

$31.2 million = CID funds $41.7 million = CID funds $114.8 million = other resources for $914.8 million = other transportation and infrastructure resources for transportation projects infrastructure projects A Leverage of 3.6 to 1 A Leverage of 22 to 1

Source: RCLCO 2009 and Balmoral Group 2015 10 Major Gateway Investments:

Perimeter Center Parkway Bridge Ashford Dunwoody DDI • Completed in 2012 • $5.6 million project • $400,000 from PCIDs • Travel time and gas costs savings = $35.3 million over the life of the project • 29% overall rate of return • 30% rate of return for State’s contribution • 318% rate of return for PCIDs contribution

Hammond Half Diamond • Completed in 2011 • $18.6 million project • $6.3 million from PCIDs • Travel time and gas costs savings = $56.5 million over the life of the project • 15% overall annual rate of return • 21% annual rate of return for the State’s contribution • 32% annual rate of return for PCID’s contribution Perimeter Center Parkway and Flyover Bridge • Completed in 2008 • Represents first joint LCI and GRTA bond project collaboratively funded by the ARC’s LCI grant, GRTA’s Bond Program, DeKalb County and PCID’s • Connects Perimeter market from Perimeter Place to the Medical Center - shopping, dining and lodging • Pedestrian and bicycle friendly, with features including decorative pavers and landscaped medians • Award Winning Parkway: o 2008 PEDS Award o 2010 Engineering Excellence Award

I-285 at 400 and GA 400 CD Lane System Facts:

• Recognized by Governor Deal as a • Project improvements include: • Recognizedproject of by state Governor-wide significance Deal as a • Project. Constructionimprovements of include: new fly- projectalongside of state the- widePorts significance of Savannah . Constructionover ramps of new fly- alongside the Ports of Savannah .overNew ramps collector -distributor • $1.1 billion total funding package . New collector-distributor • $679 million total funding package lanes along GA 400 from including $10 million from PCIDs lanes along GA 400 from including $10 million from PCIDs Glenridge Connector to • Project serves as a model for public- GlenridgeSpaldingConnector Drive to • Projectprivate serves partnership as a model for public- .SpaldingReconstructed Drive Abernathy private partnership . Reconstructedat GA 400 interchange Abernathy .at BicycleGA 400 trail interchange . Multi-use path

Project time frame: 2015 - Environmental 2015 (December) – Design Build Team Identified 2017 - Construction begins 2020 - Construction complete PERIMETER TODAY: CONNECTED • Perimeter is fast becoming a Central Perimeter model livable center, offering Submarket (blue) residents and visitors connectivity and choice. • Access to amenities like transit, shopping, dining and much more make the market an attractive M choice for small businesses and Fortune 500 companies. • Pedestrian & Bike friendly • Walkable access to 3 MARTA stations. • 12 business-funded free shuttles and 13 hotel shuttles to & from PCIDs MARTA stations. Boundary • More gateway connections underway.

16 PERIMETER TRAFFIC OPERATIONS PROGRAM - PTOP

• 4 year program funded by a $4 million GDOT grant.

• Partnership between PCIDs and the of Sandy Springs, Dunwoody and Brookhaven and the counties of DeKalb and Fulton.

• Includes the synchronization of 99 traffic signals within and adjacent to PCIDs to improve traffic congestion in the Perimeter business district.

• Together with the Ashford Dunwoody DDI and the Hammond Half-Diamond Interchange, PTOP helps to mitigate traffic and positively impact commute times.

• The new timing plans pay for themselves approximately every 55.2 workdays.

17 Traffic Officer Program

• Off-duty DeKalb County, Dunwoody, Sandy Springs and Fulton County officers direct traffic at up to thirteen (8 - Sandy Springs and 5 - Dunwoody) intersections in the Perimeter Business District during high- peak traffic times to help motorists travel safely and with ease.

• Traffic officers keep intersections clear and do not specifically direct traffic against the synchronized signal timing.

• The traffic officers work with our signal timing engineers and regularly communicate back and forth as they notice issues in the district. HAMMOND DRIVE AT MARTA MID-BLOCK CROSSING • This project is a partnership between PCIDs/MARTA/City of Dunwoody

• Partnership with MARTA will create a state of the art mid-block crossing at Hammond and the Dunwoody MARTA station.

• This mid-block crossing will offer a safer alternative for the pedestrians who are riding MARTA or who are crossing from one shopping/retail/dining area to another across Hammond Drive.

19 PEACHTREE DUNWOODY ROAD @ LAKE HEARN DRIVE

In 2012 PCIDs was awarded $1M from the GTIB/SRTA in grant funding to advance a concept plan for the Lake Hearn @ Peachtree Dunwoody Road Intersection in partnership with City of Sandy Springs. In 2015, PCIDs submitted a $4 million grant request to fund construction of the project. Awards will be announced in the spring of 2016.

20 PRIVATE SHUTTLES IN PERIMETER

• 12 Private Office Complex Shuttles – Office Complexes provide direct service to MARTA for their employees and guests at no charge. (Ravinia, Cox, King and Queen, State Farm, Perimeter Summit, etc.) • 12 Private Hotel Shuttles - provided for Glenlake Shuttle guests visiting their hotels here in Perimeter. • WINNER: 2011 PACE Award Glenlake/Embassy Row - The partnership to Most Innovative Program reinstate shuttle service was initially developed by the PCIDs with $30,000 seed money. $ 90,000 annual commitment from Partners: UPS, Kaiser Permanente, Columbia Property Trust, Highwoods Properties, Embassy Row and Newell Rubbermaid. Currently serves 800 - 1,000 on/offs each week ≈ 400 - 500 cars off the road

21 Commuter Trails Project

PCIDs has been awarded funding is to design commuter trails between corporate campuses in the Perimeter community. Ten opportunities have been identified and PCIDs is currently working with partners to prioritize the paths.

The goal of the project is to: o Provide transportation options and improve bicycle and pedestrian access to MARTA o Offer mobility for non-motorized users within Perimeter o Decrease the number of commuter car trips by increasing the utility of MARTA for Perimeter workers and residents PERIMETER PARK @ DUNWOODY MARTA STATION

• Approximately five acres under Dunwoody MARTA station and adjacent to Perimeter Mall

• Vision is to create sustainable public green space and a signature urban park within the central Perimeter area

• The park will play a vital role in the area’s shift towards becoming a 24 hour market with true live-work--play amenities and more connectivity Walkability Sidewalks, Crosswalks and Bike Lanes Perimeter Connects partners with employers and property managers to: • Raise awareness of commute options • Shift commuter behavior away from single-occupant vehicles • Help create a more competitive, economically healthy, and greener Perimeter The goal of the program is to reduce demand on Central Perimeter roads and highways by encouraging and rewarding: • Transit use • Ridesharing • Bicycling • Walking • Alternative work arrangements

Perimeter Connects is funded by the Atlanta Regional Commission and PCIDs and is a member agency of Georgia Commute Options. Perimeter’s Future

 Walkable

 Bikeable

 Connected

 Thriving Center to Live, Work and Play

 Georgia’s Fortune 500 Address of Choice Thank you for your support!