SEPTEMBER 2016 Anderson Building Red Bank, NJ Metrovation Contents 3 Overview Project Details—Anderson Building Redevelopment Summary 4 Neighborhood Red Bank, NJ Overview Immediate Trade Area 6 Project Concept Renderings Elevations Site Plan First Floor Plan Our Vision Board 11 Metrovation—Who We Are 12 Core Investments Downtown Red Bank, NJ West Side Arts District Properties East Properties West Anderson Building · 2 Metrovation OVERVIEW Project Details The Anderson Building is an existing 27,000sf warehouse that Metrovation is converting into an eclectic 45,000sf, mixed-use building. Building Size 45,200sf Retail 9,800sf Parking 156 on-site parking stalls Amenities Roll-up garage doors and 15’ ceilings in retail Roof deck for employees and tenant entertaining Exposed wood beams and concrete floors Abundant natural light Direct access to private balcony New Jersey Transit station immediately adjacent to site Delivery Date SEPTEMBER, 2016 Anderson Building · 3 Metrovation NEIGHBORHOOD Red Bank, NJ Overview RT 35 BRIDGE AVE W. FRONT ST WEST SIDE LOFTS THE GALLERIA TWO RIVER THEATER CO. Downtown MONMOUTH ST Red Bank ANDERSON RT 35 BUILDING RED BANK TRAIN STATION BROAD ST SHREWSBURY AVE BROAD ST RT 35 RT 35 Anderson Building · 4 Metrovation LONG BRANCH LONG NJ TRANSIT RAIL RUMSON RD RUMSON OCEANPORT RUMSON RIDGE RD RIDGE RIVER RD RIVER FAIR HAVEN FAIR LITTLE SILVER BRANCH AVE EATONTOWN NAVESINK DOWNTOWN RED BANK 35 The Galleria Immediate Trade Area Immediate Trade SITE 35 520 SHREWSBURY W FRONT ST FRONT W y arkwa ate P St en rd a G NJ TRANSIT RAIL NEIGHBORHOOD MIDDLETOWN TINTON FALLS TINTON LINCROFT 5 Anderson Building · Metrovation PROJECT Concept Renderings SOUTH ELEVATION FACING EAST (MONMOUTH ST) SOUTH ELEVATION FACING WEST (CORNER OF MONMOUTH ST & BRIDGE AVE) NORTH ELEVATION (BRIDGE AVE) Anderson Building · 6 Metrovation PROJECT Elevations WEST ELEVATION OFFICE RETAIL SOUTH ELEVATION (MONMOUTH STREET) EAST ELEVATION NORTH ELEVATION Anderson Building · 7 Metrovation PROJECT Site Plan ADAPTIVE REUSE SHIPPING CONTAINERS Anderson Building · 8 Metrovation 9 PROJECT PROJECT 10’10” 7,840 SF 7,840 DEMISABLE 2,200 SF DEMISABLE Height: 1 Ceiling A3.1 to First Level Plan Floor SIDEWALK 1 COVERED WALKWAY EXIT & BUILDING SERVICES " 0 - ' 18 8 3 K ON I T 1 C T E O G A L E IN K Y B V R " A R 0 E - P ' ; 18 D O S T E 6 R UP R S 2 COVERED N E OVE A3.0 PARKING COMMON & E C HALLWAY J , R 1 H W T 2 01 . E A3.1 G TOILET TOILET 5 RM #2 RM #1 U N , " , 0 O - ' 5 18 K type setting MECH , M N ROOM BUILDING LDIN I LOBBY 4 A N , U B 3 O 1 B D , E M 1 N R 0 . O " 0 0 - ' 2 S 18 0 R S 2 T E O D 1 L N A SIDEWALK “Chelsea Market” 20'-0" 20'-0" 20'-0" 17'-0" 20'-0" 8'-0" 1 A A A A A A A A3.0 PLAN KEY EXISTING WALLS TO REMAIN NEW WALLS We are looking for the best local tenants to purvey We their goods in a Anderson Building · Metrovation PROJECT Our Vision Board project Anderson Food Concept issue date 05.29.14 phase Concepts surround architecture, inc. - portland, or - 503.224.6484 (C) 2013 Surround Architecture, inc *Floor Plan Concept Anderson Building · 10 Metrovation METROVATION Who We Are Metrovation is a privately owned specialty real estate development company. We conceptualize, create, market and manage unique properties that bring new life and new possibilities to places. Our company, founded over 25 years ago, is the successor to Terranomics Development, upon whose 30 years of success we build. We take a fresh approach to every project to complement and add value to the specific environment. The company and its principals have developed or redeveloped over 3,500,000 square feet of buildings and currently hold approximately 2,250,000 square feet of retail, office, hotel and residential properties. Metrovation has transformed previously underutilized areas into thriving communities infused with economic vitality. From Downtown Red Bank and The Grove at Metrovation combines a market-driven Shrewsbury in Central New Jersey, to the Ironworks approach with intense hands-on management District in Oakland, California and Crossroads in and leasing. We build success by developing Bellevue, Washington, our properties have revitalized the right mix of tenants to achieve long-term their neighborhoods, communities and regions. stability, value and adaptability to market conditions. We do this in every project we undertake, whether it’s a retail, office or mixed-use development. Our driving force is to make places vital. Slightly unorthodox, always original, Metrovation has created compelling, energetic properties that stimulate growth while remaining true to the character of the communities in which they are located. Anderson Building · 11 Metrovation CORE INVESTMENTS Downtown Red Bank Metrovation continues to be a prime factor in the transformation. Our East Coast partner and company President, Chris Cole, has served as president of RiverCenter, the business improvement district formed by Red Bank merchants. Red Bank is a prime example of Metrovation’s commitment Red Bank and Metrovation’s lifestyle to enhancing downtown environments. During the center, the Grove at Shrewsbury, have development of The Grove at Shrewsbury, we got to know Red Bank—just one mile away. At that time, Red Bank was developed a close relationship struggling with many vacancies, but we saw great potential which includes cross marketing. for transformation. We began acquiring properties on Red Bank’s main thoroughfare, Broad Street. Since our first acquisition, we have purchased and renovated four Navesink River cornerstone properties. Three Metrovation properties have 35 won Downtown New Jersey Excellence Awards. RIVER RD 21 EAST FRONT WEST SIDE 7 BROAD ST FRONT ST LOFTS 20 BROAD ST 40-42 BROAD ST 25 BRIDGE AVE 55 BROAD ST ANDERSON BRANCH AVE BLDG BRIDGE AVE MAPLE ST Red BankBROAD ST 13 G A Current Projects Past Projects R D E Red Bank is riding the crest of a stunning rebirth, drawing N attention from national publications for its friendly, fun and eclectic community. Smithsonian magazine describes Red S Bank as a New Jersey river town that has “transformed itself EXIT T A into one of the hippest enclaves on the East Coast.” 109 T Metrovation’s current Red Bank projects include 21 East E Front Street, a seven-story office building built in the early 1960s. While completely renovatingBROAD this ST office tower, we restored the 1893 building located on the street in front and incorporated it into the project, along with a new three- story building which complements the scale of downtown ShrewsburyRed Bank’s streetscape. Anderson Building · 12 Metrovation CORE INVESTMENTS West Side Arts District Red Bank’s Arts & Antique District is rich in culture and history. It includes the historic Count Basie Theater, the Molly Pitcher Inn, and the Galleria— a collection of antique stores, upscale shops, restaurants and offices in a turn- of-the-century brick factory building. Other Metrovation projects in the neighborhood include 25 Bridge Avenue and West Side Lofts, a state-of-the-art mixed-use development slated for completion in 2014. The West Side Lofts project will include 92 residential units and over 40,000 square feet of shops designed specifically as a cluster of specialty retail and restaurants to complement the character of the Arts & Antiques District of Red Bank These projects represent the ideals of smart-growth The most recent addition to the District is the Two River by fostering an existing neighborhood arts district and Theater’s spectacular new home and performance space. The supporting the revitalization of mass transportation, Red Bank Train Station is at the center of the District. It is centered on Red Banks’s train station. a landmark building, now thoroughly modernized, which is Navesink River 35 one of the busiest commuter stations between New Jersey RIVER RD and New York City. Close by, the New Jersey Transit Bus WEST SIDE Depot and the Yellow Car Taxi Company make this District FRONT ST LOFTS Red Bank a transportation hub. 25 BRIDGE AVE 11 The Anderson Building is an 1920’s warehouse building that ANDERSON RED BANK TRAIN STN BRANCH AVE BLDG BRIDGE AVE will be transformed into a 40,000sf office and retail building. MAPLE ST BROAD ST Located directly across the street from the Red Bank train 13 station, this project will exemplifyG Metrovation’s commitment to redeveloping mixed-use propertiesA in urban settings. R D E Commercial & Office N Adaptive Re-Use S EXIT T A 109 T Anderson Building · E 13 BROAD ST Shrewsbury Metrovation CORE INVESTMENTS Properties East The Grove at Shrewsbury is the nation’s first center called a “lifestyle center.” The mix of the best local specialty retailers and outstanding regional and national stores draws affluent shoppers from Monmouth County and beyond. From the first year of operation, the average sales for fashion retailers have increased each year. The Grove at Shrewsbury is Metrovation’s premier property in Central New Jersey. It is the dominant center in the region, serving the high income households in the Monmouth County region and beyond. The 150,000 square foot lifestyle center is a magnet for upscale shoppers who enjoy its garden- filled streetscape environment. The Grove’s development and success led to Metrovation’s involvement in nearby Red Bank. Here we have been a major factor in revitalization of the downtown with the development of several key properties on Broad Street and beyond. Metrovation developed another successful lifestyle center south of Red Bank in Sea Girt, New Jersey on Highway 35. Brook 35 Plaza has helped define a newly emerging region.