Capitol Riverfront BID
access
Annual Report 2014
energy
This is what
community
growth
home
i
looks like.
Business Improvement District
Annual Report
About the Capitol Riverfront BID
2
Letter from the Chairman
& President
4
Clean & Safe Team
6
Parks & Public Realm
8
Community Events
10
Public Infrastructure
12
Economic Development
14
Marketing & Branding
16
Board Members & Staff
20
Financials21
State of the Market
Development Summary 22
Development Map
24
Residential Market
26
Retail Market
28
Office Market
30
BID Development Timeline
32
3
Capitol Riverfront
by the numbers
MILLION
The Capitol Riverfront BID has built a solid foundation for growth. The
neighborhood is rapidly emerging as DC’s newest and most vibrant mixed-use
community, with a growing number of residents, office workers, and visitors
drawn to the neighborhood’s parks, waterfront, retail amenities, residences,
and office spaces. Combined, the following neighborhood offerings, current as
of 4Q 2014, define the character of the Capitol Riverfront and form the
foundation for the neighborhood’s ongoing evolution.
Visitors in 2014
4,700
Residents
1
9,500
Average daily Metrorail riders
at the Navy Yard/Ballpark station
1,916
Residential units
under construction
7.2 MILLION
Baseball
Stadium
10
Square feet of office space
27
Restaurants
and growing
Acres of park
1
Harris Teeter
opened in 2014
2
168
Hotel rooms
under construction
6
CBS radio stations
WHERE
is the Capitol Riverfront?
8TH ST
7TH ST
The Capitol Riverfront BID provides place management
services that assist in creating a neighborhood that is
clean, safe, accessible, and unique. The BID supports the
development of the Capitol Riverfront neighborhood as
a new downtown on the banks of the Anacostia River
in Washington D.C. In support of this mission, the BID
provided the following services:
Capitol
Hill
HOUSE
VE
NJ A
Provided by the BID in 2014
SENATE
3RD ST
SERVICES
PA
AVE
4TH ST
12TH ST
K ST
9TH ST
The Capitol Riverfront is a 500-acre district situated between
I-395 and the Anacostia River. Located five blocks to the south
of the U.S. Capitol building, directly to the south of the Capitol
Hill neighborhood and Barracks Row, the Capitol Riverfront
is connected to some of the District’s largest employment and
residential cores, as well as its most popular visitor destinations.
Reagan National Airport and Union Station are both less than a
ten minute cab ride from the Capitol Riverfront.
M ST
14TH ST
BRIDGE
11TH ST
FREDERICK BRIDGES
DOUGLASS
BRIDGE
•
•
•
•
•
Clean Teams and Hospitality Ambassadors
Economic development and business attraction
Transportation analysis and advocacy
Marketing, branding, and public relations initiatives
Community-building events (concerts, movies, and other
programming)
• Park maintenance and other public realm improvements
• Real estate market research and analysis
The Capitol Riverfront offers exceptional transportation access
by all modes. Flanked by I-295 and I-395, the neighborhood
is easily accessible by car. The neighborhood is accessible via
three Metrorail stations—Navy Yard/Ballpark Metro station
(Green Line) is located in the heart of the Capitol Riverfront
neighborhood, the Capitol South Metro station (Blue/Orange
Lines) is located two blocks to the north of the BID’s boundary, and Eastern Market Metro station (Blue/Orange Lines) is
located less than one mile from the Navy Yard gates. Bike lanes
and five Capital Bikeshare stations are located throughout
the neighborhood. A DC Circulator bus runs between Union
Station and the Capitol Riverfront on 10-15 minute headways.
Commercial ferries bring passengers to Nationals Park. Finally,
our pedestrian-friendly neighborhood can be accessed by foot,
with a direct connection to the Anacostia Riverfront Trail,
which at full build-out will provide a continuous 20-mile
waterfront path running from the Tidal Basin to Bladensburg
Marina Park in Maryland.
3
Letter from the
Chairman & President
Greetings from the Capitol Riverfront Business Improvement District! What a difference a year
makes as 2014 was a watershed moment in our neighborhood’s history. The opening of eight new
restaurants, Harris Teeter, and Vida Fitness were all game changers. Our Friday night concerts in
Yards Park attracted more visitors than ever, and residential construction has anchored the latest
wave of new development in the neighborhood.
The vision of a vibrant
waterfront community
set by Mayor Anthony
Williams and Office of
Planning Director Andy
Altman in 2003 is now
being realized in the
Capitol Riverfront. That
vision for a new mixed-use,
high density community
on the Anacostia River is
occurring rapidly and will
soon achieve the milestone
of being 50% built-out.
We feel that the BID as an organization has become a constant
presence and a “community touchstone” that reinforces our
core values with a sense of continuity in a neighborhood that is
undergoing rapid change.
A Sense of Community Yards Park and Canal Park are known
as the “front yards” for the neighborhood and have hosted more
events than any previous year. Our Friday night concert series
averaged over 2,500 attendees each concert, and the park also
hosted Jazz Fest at the Capitol Riverfront in June. More festivals
chose the neighborhood for their celebrations, and the Canal
Park ice rink attracted thousands of skaters for winter fun.
A Mix of Uses The Capitol Riverfront has been an established
office market and residential neighborhood, and has become
a retail district as well. The arrival of Harris Teeter, Vida
Fitness, 27 restaurants, and other neighborhood support retail
has added to the mix of uses and brought us more balance as
an urban community.
One of the challenges of building a new community like
the Capitol Riverfront is the ever changing landscape due to
the construction of new buildings, the demolition of older
industrial or obsolete structures, and ongoing infrastructure
projects. Over the past year we have witnessed visible changes
to the Capitol Riverfront community during this latest wave of
development activity.
Activation of Space and Self With three parks it is
imperative that we program and activate these open spaces
with a variety of activities. “Celebrate the Seasons” is a new
theme for the Capitol Riverfront, and it follows our successful
“Activate Your Summer” campaign as we strive for fun
activities throughout the year. From concerts and festivals,
to fitness classes in the parks, canoe and kayak rentals, ice
skating, outdoor movies, Cherry Blossom lantern making, and a
pumpkin decorating day, residents and visitors took advantage
of outdoor activities.
During this transition from an industrial “backyard” to
a new community, our commitment to a clean and safe
environment has remained a top priority. Our “Men in Blue”
teams have maintained the baseline of a clean and safe
community and strived to enhance it with service seven
days a week. Our team provides these services in Yards Park,
Canal Park, and throughout the neighborhood's 500 acres.
4
A High Quality Public Realm Clean is safe – this is a theme
Bridges project, to the proposed Barney Circle/SE Boulevard
project and the proposed M Street streetcar line, we emphasize
connectivity to other neighborhoods and the region as a priority.
that our Clean & Safe Team members embrace on a daily
basis, seven days a week. They have established a new baseline
for each in the public realm, and we have assumed those
responsibilities for Yards Park and Canal Park.
None of this would be possible without vision, political will,
investment, and partnerships. We thank Mayor Anthony
Williams and each successive mayor who has contributed to
this broad vision for the Anacostia River and its neighborhoods.
Our property owners and BID board members deserve
thanks as they support our efforts through the BID Tax and
numerous development projects. Our partnerships with the DC
Government have been invaluable and range from the Mayor,
to agency directors and their staff, to Ward 6 Councilmember
Tommy Wells. Finally, the BID staff and Clean & Safe Teams
deserve a huge thank you, as they live the vision every
day and implement it from the grand vision down to the
smallest details.
Data Driven Issues sometimes arise that require analysis
and research before we understand their full impacts and any
possible opportunities. The BID continues to examine issues
that affect our neighborhood’s evolution, including analysis of
the existing Circulator route and shuttle bus services, and how
the retail and office markets perform under current market
conditions. We maintain relationships to those closest to the
issues, including the office and retail broker communities, other
BIDs, and DC Government agencies.
Marketing & PR Our mission includes publicizing and
promoting the good news stories of the Capitol Riverfront. 2014
was a banner year for marketing and PR hits with the media,
from restaurant and retail openings, to the growth of the
residential neighborhood since the opening of Nationals Park.
Our parks, river access, and outdoor activities had the media
branding us as an “outdoor fitness destination” and the Capitol
Riverfront was featured as a “Where We Live” neighborhood in
the Washington Post.
Best wishes to all for a successful 2015! We look forward to
seeing you in the Capitol Riverfront soon.
Michael Stevens, AICP
President, Capitol Riverfront BID
Eric Siegel
Accessibility Access to our neighborhood is crucial to our
future build-out and tenant leasing efforts. The BID constantly
monitors existing and future transportation projects to ensure
access from all modes of transportation. From the 11th Street
Chairman, BID Board of Directors
Cohen Siegel Investors, LLC
5
CLEAN & SAFE TEAM
For the day-to-day cleanliness, appearance,
and friendliness of the neighborhood, we
have the Clean & Safe Team to thank.
Achievements
for 2014:
• Doubled number of trash bags
collected and number
of pedestrian assists
• Expanded service to seven
days a week
• Added second truck to BID fleet
• Upgraded to smart phones
for all members to better
document activities and
respond to inquiries
• Upgraded employer-provided
health care for all Clean and
Safe team members
• Created retirement plan with
matching contributions for all
Clean and Safe team members
– 100% participation
assists in FY 2014. With more new restaurants,
new retail vendors, and larger events, the
increase in new visitors caused the BID to expand clean and safe operations from six days
a week to seven days, with extended weekend
hours in Yards Park during the summer.
The Clean and Safe Team members are always
on the move—picking up litter, emptying
trash cans, mowing, landscaping, raking
leaves, clearing snow, removing graffiti, and
supporting community events in Yards Park
and Canal Park. Our men in blue frequently
respond to requests to help keep automobile
traffic in the neighborhood moving with
numerous battery jumps and tire changes.
The Clean & Safe team empties all of the trash
cans in the neighborhood at least once a day,
and more frequently along highly-trafficked
corridors. In FY 2014 the Clean Team collected
over 28,000 bags of trash. From assisting
merchants on lower Eighth Street to making
rounds through Buzzard Point, the Clean
and Safe team members are our most visible
presence in the neighborhood.
The BID surveys Capitol Riverfront residents,
employees, and visitors annually and gauges
how perceptions of cleanliness and safety of
the neighborhood change. In the last seven
years, perceptions of the neighborhood have
shifted dramatically. In the first year of the
survey, only 6% of the respondents perceived
the neighborhood to be clean or safe. Over 800
respondents participated in the 2014 survey,
and 85% felt the neighborhood was clean or
very clean; 70% perceived the neighborhood to
be safe or very safe. While this was the first
year in which the perceptions of cleanliness
and safety declined, the overall perceptions are
still very positive. Several respondents noted
that the increase in construction activity
affected their perception of the neighborhood.
The Hospitality Ambassadors at the two Metro
stations greet passersby, answer questions,
provide directions, and actively monitor activities on the streets. The Ambassadors responded to over 16,000 requests for information or
Clean & Safe Perception Results (2007-2014)
100%
85%
Clean or Very Clean
80%
40%
What is your perception of cleanliness and safety
in the Capitol Riverfront?
20%
0%
70%
Safe or Very Safe
60%
2007
2008
2009
2010
2011
2012
2013
2014
Source: Capitol Riverfront BID Perception Surveys
6
“I truly enjoy working within the Capitol Riverfront.
Safety is one of the prime factors that make it all
worth while, as well as convenience and the many
restaurants and shops.”
–Submitted via 2014 Employee Survey
PARKS & PUBLIC REALM
Our parks distinguish the
neighborhood with
celebrations, events, recreation
and an active lifestyle.
2014 Public Realm
Investments
• Seasonal maintenance (snow
and leaf removal, Yards Park
pool liner maintenance)
• Added a second vehicle to
service the BID fleet
• Snowflake installation on light
poles during holiday season
Canal Park is a three-acre linear park
located one block to the east of the
Navy Yard/Ballpark Metro station. The park
opened in 2012 and is home to the BID’s
summer movie series, winter holiday market,
and other events. Canal Park’s highlights
are the dancing fountains in the warmer
months and the ice skating rink in the winter.
Less evident, but equally important, are the
park’s environmentally friendly features.
Canal Park removes, remediates, and reuses
stormwater runoff from the adjacent streets
and neighboring lots. The park’s main pavilion
is certified as LEED Gold and there are two
electric vehicle charging stations on the park’s
periphery. Canal Park has been honored by
numerous groups including AIA DC and the
Sustainable Sites Initiative.
pump house in the park, leading children’s
educational programs that tie into the effort to
clean and restore the Anacostia River.
Yards Park is the largest park in the
neighborhood and also draws the most
visitors. The BID operates and maintains
Yards Park and coordinates all of the
park’s programming. The 5½ - acre Yards
Park provides something for everyone. The
Canal Basin and waterfall are popular with
children, who splash and play in the pool
throughout the summer. In 2014, there were
53 private and public events in Yards Park
that attracted over 75,000 people. The Yards
Park summer concerts, now in their fourth
year of operation, have swelled in popularity,
with an average attendance of 2,500 people
per concert. Vida Fitness hosted eight fitness
classes per week on the Yards Park boardwalk
throughout the summer. In 2014, there was
something to do every day of the summer
in Yards Park.
Diamond Teague Park, immediately
adjacent to Nationals Park, features water taxi
docks, piers for kayaks, and canoe rentals.
Earth Conservation Corps operates from the
• Wayfinding and signage study
(2014-2015)
Public Realm ▶ The 500-acres of the Capitol Riverfront
are united through a banner branding campaign and other
streetscape elements. Additionally, several new pieces of
temporary public art were installed in the neighborhood in
2014. The DC Commission on the Arts and Humanities' city-wide
5×5 program selected two sites in the Capitol Riverfront for art
installations. In Canal Park, Kota Ezawa’s large-scale wooden
sculpture “Hand Vote” celebrated voting. In Building 170, Glenn
Kaino’s “Bridge” paid tribute to the iconic Black Power hand
gesture made famous at the 1968 Mexico City Olympics and
offered access to a historic building that is seldom open.
8
Acres of parks in
the Capitol Riverfront
“For so long, DC had never fully utilized the full potential
of its waterfront land and it’s great to see not just a park,
but an activities-driven park enliven the waterfront on
the Anacostia River.”
–Matt Kruczlnicki, Capitol Riverfront resident, quoted in
the Washington Business Journal, September 19, 2014
COMMUNITY EVENTS
More and more people have
discovered the Riverfront as an
events destination.
Fitness reigned in our parks once again. Vida
Fitness sponsored eight free classes per week
on the Yards Park boardwalk. We were the
home base for the Cystic Fibrosis Foundation’s
“DC Great Strides” Walk, and the homecoming
point for 100 cyclists in the New York-to-DC
Climate Ride. Our neighborhood also served
as the routes of Color Run DC, Prevent Cancer
5K, and Columbia Lighthouse for the Blind
Run/Walk.
The Capitol Riverfront BID’s community
events reflect the excitement, engagement, and
growth in our neighborhood. Events brought
almost 3 million people to the neighborhood
in 2014, and provided neighborhood residents,
employees, and visitors with memorable,
enjoyable experiences. Many have made
traditions of our Friday Night Concerts,
outdoor movies, fitness classes, and festivals
that continue to make the Capitol Riverfront
the ideal neighborhood for live, work, and play.
The Canal Park Ice Rink celebrated its second
year in operation, the BID sponsored a holiday
market, Parcel, in Canal Park in December,
and the Anacostia Watershed Society activated
the river with fishing nights, boating, and
river cleanups.
The Capitol Riverfront neighborhood hosted
186 events in 2014. The new year began a few
hours early, with Noon Year’s Eve in Yards
Park, a family friendly community gathering
with a special countdown and ball drop at
noon on December 31. The BID sponsored a
Lantern Making Family Day as part of April’s
National Cherry Blossom Festival and held a
pumpkin carving festival in October.
3
MILLION
People attended
events in the Capitol
Riverfront in 2014
2014 Event Attendance
Nationals Games
Almost 2.7 million spectators came to the
Capitol Riverfront for regular season and
post-season baseball. Nationals Park also
hosted Billy Joel, One Direction, and others
for concerts and events that attracted visitors
from across the region to the neighborhood.
The Yards Park Friday Night Concerts
returned to rock the riverfront for 16 weeks
from May through September, with record
crowds averaging 2,500 people. Concert-goers
enjoyed the music while picnicking in the
park and dancing on the boardwalk. The BID
also continued its ten-week summer movie
series with sports-themed classics.
Nats Park Concerts
120,000
Yards Park Concerts
40,000
Opera in the Outfield
18,000
Truckeroo
15,000
Veg Fest
15,000
Snallygaster
9,000
DC Jazz Fest
7,000
Tour de Fat
7,000
Canal Park Movies
2,200
Vida Fitness Classes
1,900
Other
44,800
Total
2,951,900
Sources: Event organizers, Capitol Riverfront BID
10
2,672,000
“At its best, this year's DC Jazz Festival was absolutely
at the top of its game. The stage setup at the edge of
the river on the east side of Yards Park was beautifully
placed and optimally designed. The sound was fantastic,
the lawn seating superb, and the vendors excellent. And
the music was the best part.”
–Washington City Paper
PUBLIC INFRASTRUCTURE
A cornerstone of our neighborhood
is, and always will be, convenience
and accessibility.
Metro Rail ▶ According to the BID’s 2014
Bicycle ▶ Bicycling is an increasingly
convenient option to travel to the Capitol
Riverfront. With five Bikeshare stations
and bike lanes on 1st, 4th, and I Streets
SE, it’s easy to commute to the Capitol
Riverfront or take a long bike ride along
the Anacostia Riverwalk Trail.
Perception Survey, Metrorail is the most
frequent mode of travel to and from the
Capitol Riverfront. Average daily ridership at
the Navy Yard/Ballpark station grew to 9,500
riders in 2014.
Bikeshare Trips to
the Capitol Riverfront
(2011-2014)
29,283
50,000
34,877
On Foot ▶ The Capitol Riverfront is a
pedestrian-friendly neighborhood, and
walking is the second most frequent
method of transportation for Capitol
Riverfront residents. In 2014, the Capitol
Riverfront’s Walk Score rating increased
from 69 to 89 out of a possible 100 points
due to the addition of new amenities,
including Harris Teeter, Vida Fitness, and
neighborhood restaurants.
DC Circulator and Metro Buses ▶ The DC
15,991
2011
Cars ▶ With direct access to I-295 and I-395
via the 11th Street and the South Capitol
Bridges, the Capitol Riverfront is easy to
reach by car. In 2014, the BID partnered with
Park Whiz, an online parking reservation
app, to allow visitors to reserve and pre-pay
for parking in the neighborhood. As development continues, the BID is working to ensure
that parking concerns do not become an
obstacle to visiting the Capitol Riverfront.
2012
2013
20141
1. 2014 Bikeshare trips estimated by
the Capitol Riverfront BID based on
actual ridership data as of September
2014 and historical ridership trends
from 2011-2013.
Investing in Transportation
Infrastructure ▶ In 2014, the District
Circulator connects the Capitol Riverfront
to Barracks Row, the Capitol Complex, and
Union Station. The Circulator provides the
last mile of transportation connectivity for
many of the neighborhood’s employees, residents, and visitors.
Department of Transportation
proposed $1.3 billion in transportation
improvements for the Capitol Riverfront
in its long-range MoveDC Plan. The BID
looks forward to working with DDOT
to implement these projects. MoveDC
plans include rebuilding the Frederick
Douglass Memorial Bridge, building a new
streetcar line on M Street SE, creating a
new north-south transit connection, and
installing miles of new bike lanes in the
Capitol Riverfront.
Metro Bus routes also serve the Capitol
Riverfront. The A9 express route connects
between the Capitol Riverfront, Downtown,
and neighborhoods east of the Anacostia
River. Local bus routes (W9, P6, and V7, V8,
and V9) connect to L’Enfant Plaza, NoMa,
and St. Elizabeths.
Point gain in Capitol
Riverfront walk score
from 2013 to 2014
12
“This graceful new bridge [Frederick Douglass Memorial
Bridge] will be a welcoming gateway to the center of
Washington, while also serving as an anchor for the
revival of the Anacostia waterfront.”
Mayor Vincent Gray
ECONOMIC DEVELOPMENT
Our economic mission is guidance,
business attraction, and to help
tenants and projects thrive.
6
CBS Radio stations
operating from
the Capitol Riverfront
1
Harris Teeter opened
in November
as a platform to brief and meet with retailers and brokers and promote locations in the
neighborhood. We continue to sponsor the DC
Economic Partnership booth at the national
ICSC convention in Las Vegas. We also had a
presence at the ICSC Mid-Atlantic conference
in Maryland.
The Capitol Riverfront BID has been
promoting the economic development of the
neighborhood since the BID’s establishment in
2007. As the Capitol Riverfront neighborhood
has grown, the economic development
strategy has evolved to meet the area’s
needs. Seven years ago, when today’s new
buildings were plans on paper, the economic
development strategy conveyed the vision of
the neighborhood to prospective investors and
tenants. Today, the neighborhood has achieved
a critical mass of residential and commercial
development, and the economic development
goals have grown. In addition to attracting
new tenants to the neighborhood, the BID is
helping existing retailers succeed through
collective marketing and other partnerships,
curating our retail recruitment efforts to fill
specific gaps, completing primary research
about the characteristics of our residential
and employee populations, and expanding our
outreach to existing office tenants.
The commercial broker community can be the
best advocates for opportunities in the Capitol
Riverfront, so the BID team makes monthly
visits to the major brokerage offices to update
them on new space opportunities for tenants, demographic information, and projects
under construction.
Research & Information ▶ The Capitol
Riverfront BID prides itself on maintaining
timely and accurate data about neighborhood
demographics and the local real estate market.
Our data is the foundation of our business
attraction efforts. We do primary research on
development and demographics to provide
prospective tenants, developers, and investors
with clear optics of neighborhood opportunities. The BID’s annual perception survey
received a record number of responses in 2014,
with participation from 825 residents, employees, and visitors. The BID tracks all development projects and lease spaces in the neighborhood, and releases quarterly development
updates that summarize the status of projects,
market performance, and pipeline activity.
This information is available to the public and
our stakeholders through a variety of mediums, including publications, presentations, the
BID website, videos, brochures, and more.
Business Attraction ▶ One of the
foundations of successful business attraction
is personal interactions with prospective
tenants, brokers, investors, retailers, and
restaurant operators. For that reason, the BID
team conducts a variety of presentations,
meetings and briefings throughout the year
at the BID office, conferences and trade shows,
and at the offices of potential tenants. Our
office serves as a marketing center for these
briefings and presentations.
The BID also utilizes the International Council
of Shopping Centers (ICSC) annual conference
14
“Hines Global REIT was attracted to this property
because of the long-term stable tenancy, the
premium location and the emerging Capitol
Riverfront submarket.”
–Sherri Schugart, president and CEO of Hines Global
REIT, announcing acquisition of 55 M Street
MARKETING & BRANDING
Our message of positive growth
was reflected in this year’s
record media coverage.
Media ▶ The BID has tracked media
The Capitol Riverfront was featured in
over 260 newspaper, magazine, and online
articles, as well as 15 radio and television
segments during 2014. Stories with the
most coverage included CBS Radio’s
move to the Capitol Riverfront, Nationals
Opening Day and postseason playoffs,
and DC United’s proposed stadium in
Buzzard Point. The Washington Business
Journal’s BizBeat published a video guide
for the Capitol Riverfront neighborhood.
The growth in media coverage of the
Capitol Riverfront is a reflection of the
growing new development and retail
in the neighborhood.
Marketing & Advertising ▶ The BID engaged
in several advertising campaigns to promote
the Capitol Riverfront to target audiences. For
the third year in a row, the BID led a successful
“station domination” advertising campaign
during the month of May in the Navy Yard/
Ballpark Metro station. The BID covered walls,
columns, and floor space with 38 banners that
promoted summer events, retail, and residential amenities in the Capitol Riverfront.
The BID also hung 42 fence banners on Half
Street and N Street, SE by the Ballpark that
highlighted the proximity of retail, parks, and
other entertainment options. The BID released
two seasonal marketing brochures, “Activate
Your Summer” and “Festive Fall and Winter,”
which included daily programming, special
events, retail promotions, and included a map
that displayed all of the retailers in the neighborhood. The BID also updated our marketing
video to better reflect the dynamic energy of
the neighborhood.
The Capitol Riverfront’s online presence
has continued to grow through social media
channels and twice monthly e-marketing.
The BID gained a total of 4,100 new Twitter,
Facebook, and Instagram followers in
2014 by engaging users on a daily basis.
The Front Page News newsletter, which
includes neighborhood happenings and
other information, was sent to 9,000 readers
every other week. The Capitol Riverfront
website continued to serve as a reference
point of news and information regarding
the neighborhood.
The BID engaged in several marketing initiatives targeted specifically to the real estate
community. The Retail Opportunities brochure
is updated annually and provides an overview
of available retail sites and neighborhood
demographics. The Coming Soon brochure is
updated quarterly with development updates.
Finally, the Washington Business Journal
featured the Capitol Riverfront in a special 16page advertising supplement during the fall of
2014 titled “A Healthy Market for Growth.” All
of the BID publications and the new video can
be viewed on the Capitol Riverfront website.
coverage of the Capitol Riverfront for the
past seven years, and 2014 was a record
year for the number of stories about the
neighborhood and the number of mentions
of the “Capitol Riverfront” by name.
275
Media Hits
6.1
MILLION
Social Media
Impressions in 2014
16
“A strong sense of community has evolved in the short
modern history of the Capitol Riverfront neighborhood,
and residents take great pleasure in the new retail and
residential offerings.”
–“Where We Live,” The Washington Post, October 17, 2014
The Starting Lineup
3
9
YEARS OF
SERVICE
Tony Bowman
HOMETOWN: Washington, DC
Jerry Carcamo
INTERESTS: Performing with his
Go-go band
MONTHS OF
SERVICE
DC native
otle)
FAVORITE FOOD: Mexican (Chip
ington
FAVORITE SPORTS TEAMS: Wash
Redskins
RITE QUOTE: “A mind is a terrible
FAVO
thing to waste.”
2
Antonio
Jordan
HOMETOW
INTERESTS
HOMETOWN: Los Angeles, CA
INTERESTS: Spending quality time with
his family
FAVORITE FOOD: Homemade Caribbean
cuisine
FAVORITE SPORTS TEAMS: Los Angeles
Lakers, Dodgers, Arsenal FC and
Tampa Bay Buccaneers
N: Washin
gton, DC
g time wit
: Spendin
and kids
FAVORITE
FO
od (Tony a
FAVORITE
SP
Nationals
nd Joe’s
ORTS TEAM
S: Washin
FAVORITE
Q
chance.”
h his wife
OD: Seafo
Seafood)
YEARS OF
SERVICE
UOTE: “E
very day is
gton
a second
FAVORITE QUOTE: “There is no Them.
There are only facets of Us.”
6
YEARS OF
SERVICE
Jeffrey Mal
com
YEARS OF
SERVICE
Andre Tobe
HOMETOWN:
Tampa, FL
INTERESTS: W
orking for the
Capitol
Riverfront BID
FAVORITE FO
OD: Italian (O
live Garden)
FAVORITE SP
ORTS TEAMS:
Dallas Cowbo
ys
FAVORITE QU
OTE: “O
ne day at a tim
e.”
3
7
on, DC
HOMETOWN: Washingt
torical and
his
g
INTERESTS: Readin
ks
boo
us
religio
n (Nando’s)
FAVORITE FOOD: Chicke
MS: Washington
FAVORITE SPORTS TEA
itals and Los
,
Redskins, Nationals Cap
ers
Lak
s
Angele
wise man with a
FAVORITE QUOTE: “A
er than a foolish
rich
is
hundred dollars
lars.”
dol
lion
mil
a
h
wit
n
ma
18
MONTHS OF
SERVICE
Antoine Walke
r
HOMETOWN: Wa
shington, DC
INTERESTS: Spen
ding time with his
FAVORITE FOOD:
Ste
Steakhouse)
FAVORITE SPORTS
Redskins
FAVORITE QUOT
E:
ak (Ruth’s Chris
family
TEAM: Washing
ton
“Knowledge of se
lf
must be acquired
before true wisdom
is
attained.”
The Capitol Riverfront Clean & Safe Team
3
Diarra Walton
HOMETOWN: Washington, DC
INTERESTS: Spending time with
1
7
MONTHS OF
SERVICE
YEARS OF
SERVICE
YEARS OF
SERVICE
Bernard
William Wardlaw
his wife
Cheesecake Factory)
INTERESTS: Performing with his
Luther
Vandross tribute band
cisco
FAVORITE SPORTS TEAMS: San Fran
49ers and Boston Celtics
FAVORITE QUOTE: “Life is short,
be happy.”
time with
his kids
FAVORITE SPORTS TEAMS: Wash
N
Redskins,
Q
FAVORITE
FAVORITE QUOTE: “The differenc
e
between a good day and a bad day
is
your attitude.”
ce.”
wins the ra
3
3
YEARS OF
SERVICE
Joseph Wrig
on, DC
HOMETOWN: Washingt
k to the
INTERESTS: Giving bac
.
community
an (The
FAVORITE FOOD: Americ
Cheesecake Factory)
MS: Washington
FAVORITE SPORTS TEA
s
ard
Wiz
and
Nationals
”
TE: “Right or Wrong.
HOMETOWN:
YEARS OF
SERVICE
Gary Williams
ht-Bey
Washington, DC
INTERESTS: Re
ading and spen
with family
ding time
FAVORITE FO
OD
: Italian (Oliv
e Garden)
FAVORITE SP
ORTS TEAMS:
Da
and Los Angele
FAVORITE QU
OT
s Lakers
llas Cowboys
E: “We need
to learn how
te.”
to love not ha
19
Garden)
n
ationals a
eady pace
ow and st
sl
“A
:
TE
UO
ington
FAVORITE QUO
lian (Olive
FOOD: Ita
ington
FAVORITE
AMS: Wash
SPORTS TE
FAVORITE
d Wizards
FAVORITE FOOD: Fresh seafood
Redskins
gton, DC
N: Washin
ing
HOMETOW
and spend
ndscaping
La
:
TS
ES
R
INTE
HOMETOWN: Alexandria, VA
FAVORITE FOOD: American (The
White
Staff & Board Members
BOARD MEMBERS
THREE-YEAR
TERM
TWO-YEAR
TERM
ONE-YEAR
TERM
AT-LARGE
STAKEHOLDERS
(expires 12/2016)
(expires 12/2015)
(expires 12/2014)
Dodd Walker
Akridge
Bert Donohoe
Donohoe Real Estate
Daryl Jackson
Capitol Hill Tower Co-Op
Martin Smith
Barracks Row Main Street
Eric Siegel
Cohen Siegel Investors, LLC
Ramsey Meiser
Forest City Washington
Jim Dautenhahn
DRI Development
John Wilson
JBG
David Howell
Lerner Enterprises
David Brainerd
Madison Marquette
Gregory McCarthy
Washington Nationals
Baseball Club
Amy Phillips
Monument Realty
Mark Brody
The Ezra Company
Stephen Flippin
CSX
Brad Fennell
WC Smith
Marvin Rosskopf
Ruben Companies
Kevin Burns
Monday Properties
John Begert
MRP Realty
Duane Deason
The Efficacy Group
John Clark III
Steuart Investments
Mark Hendrickson
Grosvenor
Amelia Zimmerman
Courtyard Marriott
Ed Kaminski
Velocity Condos
Janell Herring
Washington Navy Yard
Gregory O'Dell
Destination DC
Vicki Davis
Urban Atlantic
Kellie Bolinder
Earth Conservation Corps
STAFF
Michael Stevens, AICP
President
Renan Snowden
Planning Analyst
Bonnie Wright
Office and Special Projects Manager
Tammy Shoham
Vice President of Planning and
Development
Lyndsey Gore
Park Programming and Marketing
Coordinator
Jerry Carcamo
Clean and Safe Operations Manager
Dan Melman
Vice President of Parks and
the Public Realm
Otis Williams
Manager of Yards Park
20
Financial Highlights
for the Year Ended September 30, 2014 (unaudited)
FINANCIAL POSITION
Cash and Cash Equivalents
784,300
Other Assets
521,887
Total Assets
1,306,187
Liabilities
182,215
Net Assets
1,123,972
Total Liabilities and Net Assets
1,306,187
STATEMENT OF ACTIVITIES
REVENUES
BID Tax
1,660,568
59%
Yards Park
1,018,858
37%
120,708
4%
2,800,134
100%
Clean and Safe / Public Realm
727,417
29%
Economic Development / Transportation
315,385
12%
Marketing / PR / Community Building
271,891
11%
Yards Park
841,354
34%
Administration
341,703
14%
2,497,750
100%
Other
Total Revenues
EXPENSES
Total Liabilities and Net Assets
Change in Net Assets
302,384
21
Development Summary
At the start of 2014, the Capitol Riverfront neighborhood was onethird built-out. By 2017, half of the total development planned for the
neighborhood will be completed. This new development will transform
the built form of the neighborhood and its character as well.
Over the past 15 years, public and private entities
have invested over $4 billion in the Capitol Riverfront
neighborhood. That investment has yielded over 12.5
million square feet of new construction, new infrastructure
projects, new parks, and a new sports stadium. Since 2004,
approximately 3,300 residential units, 290,000 square feet of
retail, 2.75 million square feet of office space, a 204-key hotel,
two world-class parks, and a baseball stadium have been built
in the Capitol Riverfront neighborhood.
with strong civic infrastructure and compelling open spaces.
And most importantly, a neighborhood in which there is still
much room for growth.
The Capitol Riverfront is growing to become a more
balanced mixed-use neighborhood. At the start of 2014,
the ratio of Capitol Riverfront office workers to residents
was almost 8:1. In the next three years, approximately
3,600 new residential units, three new hotels, and 260,000
SF of new retail will be introduced to the market. At
build-out, the Capitol Riverfront should have approximately
80,000 employees in 15 million square feet of office space;
approximately 20,000 residents living in 12,000 residential
units; 1,500 hotel rooms; the Nationals Ballpark; the DC
United soccer stadium; four new parks; and the Anacostia
Riverwalk Trail system.
This was a transformational year for retail in the Capitol
Riverfront, with the opening of Harris Teeter, Vida Fitness,
and eight new restaurants. The Capitol Riverfront is now a
vibrant neighborhood during the day, at nights, and on the
weekends; a neighborhood that serves young professionals,
families, empty nesters, and those in-between; a neighborhood
2014 Capitol Riverfront Development Summary
Status
Office SF
Retail SF
Residential Units
Hotel Rooms
Existing/Completed
7,233,000
288,000
3,263
204
Under Construction
0
87,000
1,916
168
225,000
185,000
1,720
365
7,000,000
419,000
5,082
721
14,458,000
979,000
11,981
1,458
Active Pipeline (2015/2016 Groundbreaking)
Planned 1
Totals
Source: Capitol Riverfront BID 4Q 2014
1. Planned development reflects the square footage allowed by right on lots where a building program has not yet been determined
40
A Decade of Growth in the Capitol Riverfront
35
30
25
20
HOTEL
OFFICE
RETAIL
RESIDENTIAL
1:100 KEYS
1:1M SF
1:50,000 SF
1:500 UNITS
Projected
15
10
5
0
2004 & prior
2005
2006
2007
2008
2009
2010
2011
Source: Capitol Riverfront BID
23
2012
2013
2014
2015
2016
2017
2014 Development Map
395
46a 46b
49 28
47
50
7
8
27
5
48
6
9
29
51
11
52 10
32
12 34
30 31
33
55 56 36 37
57
19
59
18 58
38
60
20
48
53
39
61
35
695
16
13
48
69
14
15
23
40
17
54
67
VA AVE
GARDENS
68
60
43
WASHINGTON
NAVY YARD
42 62
41
26
63
695
THE YARDS PARK
E
ING
ST
XI
/
PROP
OS
ED
DIAMOND TEAGUE
PARK & PIERS
FREDERICK
DOUGLASS
BRIDGE
PROPOSED
DC UNITED
STADIUM SITE
48
24
21 22 25
NATIONALS
PARK
64
For more information about
planned development go to
www.capitolriverfront.org
CANAL PARK
4
1 2 3
Properties as of December 2014
RI
VE
RW
ALK
Residential Mixed Use
Existing
Existing
Pipeline
Pipeline
Delivered 2001–2014
Delivered 2001–2014
U/C & Expected 2015/2016
Groundbreaking
44
Commercial Mixed Use
65
U/C & Expected 2015/2016
Groundbreaking
11TH STREET
BRIDGE
Parks
Community/Recreational
Industrial
Built before 2001
Planned
66
45
RESIDENTIAL
MIXED-USE
4. 800 New Jersey
WC Smith
Residential: 336 apt. units
Retail: 35,000 SF
1. 70 Capitol Yards
JP Morgan Asset Management
Residential: 448 apt. units
5. Park Chelsea
WC Smith
Residential: 429 apt. units
2. 100 Capitol Yards
JP Morgan Asset Management
Residential: 246 apt. units
6. 909 Capitol Yards
JP Morgan Asset Management
Residential: 237 apt. units
Retail: 6,000 SF
3. 82 I St
Greystar
Residential: 234 apt. units
24
7. Parc Riverside
Toll Brothers
Residential: 287 apt. units
8. Velocity Condominiums
Residential: 200 units
Retail: 2,000 SF
9. Capitol Hill Tower Co-Op
Residential: 344 co-op units
Retail: 9,500 SF
10. 41 L Street
MRP Realty
Residential: 126 condo units
11. Onyx On First
JP Morgan Asset Management
Residential: 264 apt. units
25. The Yards Parcel O
Forest City Washington
Residential: 190 apt. units
12. Gallery at Capitol Riverfront
Donohoe
Residential: 324 apt. units
Retail: 11,000 SF
26. 1333 M Street Phase I
Cohen Siegel Investors, LLC
Residential: 218 apt. units
13. Capitol Quarter I & II
DCHA/EYA
Residential: 323 townhomes
46b. 909 Half Street
Ruben Companies
Residential: 400 apt. units
Retail: 25,000 SF
14. 400 M Street
DCHA/Urban Atlantic/Forest City
Residential: 138 apt. units
COMMERCIAL
MIXED-USE
15. Carroll Apartments
DCHA
Residential: 60 apt. units
16. Capper Seniors
DCHA/Urban Atlantic
Residential: 162 units
17. Lofts at Capitol Quarter
DCHA/Urban Atlantic
Residential: 195 apt. units
18. 1244 South Capitol St.
JBG
Residential: 300 apt. units
19. Square 701
Grosvenor Americas
Residential: 325 apt. units
20. Riverfront
FRP Development/MRP Realty
Residential: 305 apt. units
Retail: 20,000 SF
21. Foundry Lofts
Forest City Washington
Residential: 170 apt. units
Retail: 10,000 SF
22. Arris
Forest City Washington
Residential: 327 apt. units
Retail: 21,000 SF
23. Twelve12
Forest City Washington
Residential: 218 apt. units
Retail: 88,000 SF
24. The Yards Condominium
PN Hoffman
Residential: 145 condo units
36. 55 M Street
Hines
Office: 254,000 SF
Retail: 15,000 SF
37. 99 M St
Skanska
Office: 225,000 SF
Retail: 11,000 SF
38. Hampton Inn
The Buccini/Pollin Group
Hotel: 168 rooms
39. U.S. Dept. of Transportation
JBG
Office: 1,350,000 LSF
Retail: 1,200 SF
19. Square 701
Grosvenor Americas
Retail: 32,000 SF
Hotel: 170 rooms
40. Boilermaker Shops
Forest City Washington
Retail: 33,540 SF
Office: 16,000 SF
27. 200 I Street
DC Govt./StonebridgeCarras
Office: 350,000 SF
41. Showplace ICON Theater
Forest City Washington
Entertainment: 70,000 SF
28. 1015 Half Street
Prudential
Office: 379,000 SF
Retail: 21,000 SF
42. Lumber Shed
Forest City Washington
Retail: 17,350 SF
Office: 17,350 SF
29. Courtyard by Marriott
Chesapeake Lodging Trust
Hotel: 204 Rooms
Retail: 4,000 SF
43. Maritime Plaza I & II
COPT
Office: 352,000 SF
30. 20 M Street
Lerner
Office: 180,000 SF
Retail: 10,000 SF
44. 1900 Half St SW
Douglas Development
Office: 478,000 SF
51. 1000 First St
Akridge
52. 1100 South Capitol
Ruben Companies
53. 250 M at Canal Park
WC Smith
54. 600 M Street
DCHA/Forest City
55. 1 M Street
Monument Realty
56. 25 M Street
Akridge
57. 1201 Half Street
Akridge
58. Half Street Mixed-Use
Akridge
59. Half Street Mixed-Use
Jair Lynch
60. The Yards, Future Dev.
Parcels
Forest City Washington
61. Building 170
JBG
62. P2a & P2b Pavilions
Forest City Washington
63. 1333 M Street Future Phases
Cohen Siegel Investors LLC
64. Florida Rock Future Phases
FRP Development/ MRP Realty
31. Homewood Suites
KCG 50 M LLC
Hotel: 195 rooms
45. 2100 2nd Street SW
Monday Properties
Office: 592,000 SF
32. 80 M Street
Wells REIT
Office: 285,000 SF
PLANNED
66. Marina Place
Buzzard Point LLC
46a. 950 S Capitol St
Ruben Companies
COMMUNITY BUILDINGS
47. Congressional Square
DRI Development
67. Van Ness Elementary
DCPS
48. Planned Multi-Family
DCHA/Urban Atlantic/Forest City
68. The Car Barn
National Community Church
49. 1000 South Capitol
Lerner
69. Capitol Quarter
Community Building
DC Housing Authority
33. 100 M Street
Lionstone/Hermes Real Estate
Office: 230,000 SF
Retail: 12,500 SF
34. Federal Gateway I
WC Smith
Office: 279,000 SF
Retail: 19,000 SF
35. 300 M Street
Potomac Investments
Office: 276,000 SF
Retail: 3,000 SF
50. Square 699N
Toll Brothers
25
65. 100 V Street, SW
Akridge
2014 DEVELOPMENT SUMMARY
Residential
The Capitol Riverfront
has entered a significant
growth cycle and over
the next three years, the
neighborhood’s residential
stock will double.
1244 South Capitol
The Riverfront
Arris
Gallery at Capitol Riverfront
RESIDENT PROFILE
The first new residential building in the
Capitol Riverfront was built in 2006, and in
the eight years since, developers delivered
3,263 residential units to the market, threequarters of which are rental and the balance
of which are condominiums, townhomes,
and cooperative for-sale units. Six apartment
buildings (1,916 units) were under construction
in the Capitol Riverfront as of 4Q 2014, with
another five apartment buildings (1,449 units)
and two condo buildings (271 units) expected
to break ground in 2015/2016. When today’s
pipeline fully delivers in 2017, there will be
almost 6,600 residential units in the Capitol
Riverfront, and the neighborhood’s population
is estimated to grow from 4,700 in 2014 to
8,400 in 2017.
The Capitol Riverfront’s market
fundamentals remain strong as new units
come online. The average effective rent
for apartments in the Capitol Riverfront
was $2.77/SF in 3Q 2014, with the newest
properties achieving top-of-market rents of
over $3.20/SF.
The Capitol Riverfront appeals across all
demographic groups. Millennials comprised
the majority of growth in DC from 2000 to
2010, and the Capitol Riverfront captured
much of that growth. Over 42% of the
neighborhood resident population is
between the ages of 25-35. Only Dupont Circle
has a higher concentration of millennial
residents in Washington D.C. Millennials
are only half of the story, and the Capitol
Riverfront’s parks, prices, and proximity
contribute to the neighborhood’s popularity
with a mix of demographic groups, including
downsizing empty nesters and families.
Median Age 131.4
Median Income 1$89,181
% Female 150%
% Millenial 242%
% with Children less
than 18 yo at home 3
14%
% Renters 174%
1 American Community Survey 2012 for
Capitol Riverfront BID Census Tract
2 U.S. Census, 2010 Washington Post,
D.C. Office of Planning neighborhood
clusters
3 Capitol Riverfront BID Perception
Survey 2014
RESIDENTIAL BUILDOUT
Q4 2014 (UNITS)
PLANNED
5,082
Residential Inventory & Estimated Population
9K
8K
7K
6K
5K
4K
3K
2K
1K
0
Population4,700
PROJECTED
Population
Residential Units
ACTIVE PIPELINE* 1,720
UNDER CONSTRUCTION
1,916
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
EXISTING
3,263
*2015/2016 Groundbreaking
Source: Capitol Riverfront BID
27
2014 DEVELOPMENT SUMMARY
Retail, Hospitality, & Entertainment
The retail mix in the Capitol
Riverfront offers a convenient
lifestyle in which one can live, work,
and play without ever having to
leave. The neighborhood is also
home to a 50,000 SF grocery store,
28,000 SF premier gym, and a
national pet store. The number of
restaurants in the neighborhood
is growing quickly and there is a
healthy mix of independent, local,
and national retailers.
Over 90,000 square feet of new retail space
opened in the Capitol Riverfront in 2014,
including Harris Teeter, Vida Fitness, eight
new restaurants, and Unleashed by Petco.
Retail leasing held strong as well, with nine
new retail leases signed, representing over
30,000 SF of retail space. The retail anchors
are in place and the remaining neighborhood
retail is steadily filling in as 8-10 new leases
per year are signed. The neighborhood has
achieved a critical mass of quality restaurants
and is one of DC’s dining destinations. Local
press has taken notice and has published a
series of dining and neighborhood guides to
help the 3 million visitors who come to the
neighborhood find its local gems.
In 2014, the BID launched a Retail Merchants
Association that meets once a quarter and
provides a forum for the neighborhood
retailers to meet and identify opportunities
for cooperative marketing. As a result of
the retail merchants association, the BID
launched its first collective marketing
brochure that promotes all of the
neighborhood retail establishments and
offers discounts at participating locations.
The neighborhood’s retailers were active
partners in the Capitol Riverfront’s summer
programming. Vida Fitness hosted eight free
classes per week in Yards Park throughout the
summer. Bluejacket Brewery and Ice Cream
Jubilee sold beer and ice cream, respectively,
at all of the Yards Park Friday Night Concerts.
And all of the neighborhood retailers
came together to celebrate the Nationals
in the playoffs.
• June – Sweetgreen
• July – Ice Cream Jubilee
• August – TaKorean
• October – Vida Fitness,
Bang Salon, Aura Spa,
Penthouse Pool Club,
Willie’s Brew & Que
• November – Harris Teeter,
Starbucks, Unleashed by
Petco
• December – CBS Radio
Studios, 100 Montaditos,
The Big Stick, Subway Cafe
RETAIL LEASES SIGNED
(2011-2014)
RETAIL OPENINGS IN THE CAPITOL RIVERFRONT
IN 2014
BEFORE 2014
2014 RETAIL
GRAND OPENINGS
10
IN 2015
75K
19
8
Restaurants
Other
7
50K
15
Restaurants
9
8
50K
31K
7
5
Restaurants
Other
Source: Capitol Riverfront BID
1
Other
2011
2012
# of Leases
2013
2014
Total SF
Source: Capitol Riverfront BID
29
2014 DEVELOPMENT SUMMARY
Office
The Capitol Riverfront office market
offers a premium location at discount
prices. Located just five blocks to the
south of the US Capitol with direct
access to I-295 and I-395 and Metrorail’s
Green Line (Navy Yard/Ballpark station),
the Capitol Riverfront offers all of the
urban amenities of the District with
average lease rates that are priced 10%
to 15% below average Class A lease rates
in other DC office submarkets.
There are almost 4.8 million square feet of
private office space in the Capitol Riverfront,
88% of which is leased. Employees in the
neighborhood express great satisfaction with
the number of lunch and evening recreation
options available in the neighborhood. The
recent opening of Vida Fitness, Harris Teeter,
and the planned 2017 opening of Whole Foods
will only enhance the convenience of the
Capitol Riverfront for office workers.
In spite of a sluggish regional office market,
2014 has been a successful year for the
neighborhood. Almost 190,000 SF of office
space leased in the Capitol Riverfront during
2014. 1015 Half Street, a 375,000 SF Class A
office building that had been vacant since
its delivery in 2011, captured all of the new
office absorption and is now 50% leased.
The building’s two newest tenants will be
the National Labor Relations Board (NLRB)
and CBS Radio. NLRB is downsizing and
moving from a 278,000 SF space in DC’s East
End to 143,000 SF in the Capitol Riverfront.
CBS Radio is moving from Lanham, MD to
the Capitol Riverfront in order to be in a
walkable neighborhood that is served by
Metro and offers a mix of urban amenities.
Additionally, Forest City Washington moved
its DC headquarters to a 17,350 SF space in the
Lumber Shed building in The Yards at the
start of 2014.
Over 32,000 employees work in the
Capitol Riverfront and the neighborhood
attracts young, highly educated, affluent
employees. In April 2014, the Capitol
Riverfront BID surveyed 344 office
employees who work in the Capitol
Riverfront. According to the BID’s 2014
employee survey, one-third of office
employees are millenials, 75% have a
bachelor’s degree or higher, and almost
two-thirds have annual household
incomes of $100,000 or more. About 60%
of employees who work in the Capitol
Riverfront take public transit, carpool,
bike, or walk to work.
Who Works in the Capitol Riverfront?
Media: CBS Radio; Naval Contractors: Alion • BAE • Batelle • Booz Allen Hamilton • CACI International • CSC
Advanced Marine Center • The Columbia Group • Gryphon Technologies • Huntington Ingalls Industries • L-3
Services • Lockheed Martin • ManTech International • Northrop Grumman • Perot Systems • Tech-Marine Business,
Inc.; Transportation Consultants: Kittelson & Associates • Medical Transportation Management Inc. • Parsons •
Rummel Klepper & Kahl • URS Corporation; Federal Agencies: Washington Navy Yard and NAVSEA • Bureau of Land
Management • National Labor Relations Board • Federal Aviation Administration • US Department of Transportation;
District Agencies: District Department of Transportation • DC Water • DC Commission on the Arts and Humanities
• DC Office of the Chief Technology Officer • DC Child and Family Services; Real Estate: Forest City Washington •
WC Smith; Non-profits and Associations: Capitol Riverfront BID • Congressional Hispanic Caucus Institute • Court
Appointed Special Advocates for Children DC • Living Classrooms • Earth Conservation Corps
31
EMPLOYEE PROFILE
• 32,000 Daytime Employees
• 36% below the age of 35
• 38% live in Washington D.C.,
36% live in Virginia,
26% live in Maryland
• 42% commute to work via
public transportation,
12% walk to work,
5% bike to work
• $77 Average weekly food
expenditure
"This [CBS Radio]
move highlights
the growth of the
creative economy
taking place in
Southeast.”
–Mayor Vincent Gray
Development Timeline
1995–2007
2008
2009
2010
Diamond Teague Park and
Piers open. First new city-owned
park to be built in decades.
Base Realignment and Closure
(BRAC) decision consolidates
Naval Sea Systems Command
to Navy Yard campus.
DC Housing Authority receives
federal HOPE VI grant to
rebuild the Arthur Capper
Carrollsburg development.
JBG selected to build new US Dept.
of Transportation HQ building.
Anacostia Waterfront Initiative
Framework Plan completed
and adopted by DC Council.
Nationals Park opens for the
inaugural season of Nationals
baseball in a new stadium
welcoming over 2 million fans
to the Capitol Riverfront.
55 M Street delivers as the first
office building on Half Street, as
well as the delivery of Velocity,
the neighborhood’s first
condominium building, the
apartments at 909 at Capitol
Yards, and the first blocks of
Capitol Quarter townhomes.
GSA selects Forest City to develop
42-acre Southeast Federal Center
into a mixed-use project.
Baseball returns to DC, site
selected and construction
begins on new ballpark.
US Dept. of Transportation headquarters building officially opens
and brings 6,500 new employees.
20 M St delivers and 55 M St,
909 at Capitol Yards, and Velocity
Condos begin construction.
Capitol Riverfront Business
Improvement District
created and the Clean & Safe
Team crew begin work.
Navy Yard/Ballpark Metro station
expansion completed at the Half
Street entrance/exit. Also, Frederick
Douglass Bridge lowered to improve
access and views to Nationals Park.
Delivery of residential and office
continues with 100 and 70 at
Capitol Yards, Onyx on First, and
100 M St. Construction begins
on Capitol Quarter townhomes
and Diamond Teague Park.
The Capitol Riverfront hosts
Artomatic in 55 M Street, a
six-week arts festival that
brings over 75,000 people
to the neighborhood.
BID significantly improves
perception of cleanliness and
safety after one year of operation.
32
Yards Park opens as a 5½-acre
award-winning riverfront park with
interactive water features, open
lawn space, unique sculptural
pedestrian bridge, and landscaped
gardens. The Capitol Riverfront BID
becomes the only DC BID to manage
and program a District-owned park.
Nearly 200,000 SF of office
leases signed.
95% of all residential units are
leased or sold. Capitol Quarter
Phase I of 160 homes completed.
Construction begins on the
new 11th Street Bridge.
2011
2012
75,000 SF of retail leases
signed including Bluejacket
Brewery, Kruba Thai & Sushi,
Park Tavern, and a Harris Teeter.
125 presentations made by
the BID to potential tenants
and investors.
2013
2014–2017
Restaurants continue to open,
including Osteria Morini, Park
Tavern, Bluejacket Brewery, The
Arsenal, Buzz Bakery, Nando’s
Peri-Peri, Kruba Thai, and more.
Harris Teeter and Vida Fitness
open in Twelve12, along with
the 218-unit apartment building
and other retail. (2014)
Implementation of the Capitol
Riverfront Urban Design
Framework Plan begins.
Canal Park and ice rink open,
a unique three-block urban park
and model of environmental
sustainability with an iconic
light cube, water fountains,
sculptures, storm water retention,
and geothermal systems.
Yards Park hosted 120 events
including festivals, corporate
fundraisers, weddings, and the
15-week Friday Night Concert
series. Atlantic Cities Magazine
names Yards Park one of
America’s top 10 best new parks.
Riverwalk Trail opens, providing
a continuous one-mile trail.
Foundry Lofts deliver and have
one of the fastest lease rates
of a Forest City Washington
residential property. 1015
Half Street delivers, Lot 38
Espresso opens, Capitol Quarter
Phase II begins to deliver.
Canal Park breaks ground.
Apartments continue to deliver,
including Parc Riverside (287 units,
2014); Park Chelsea (432 units,
2015); Arris (327 units; 2016); 800
New Jersey (336 units, 2016); Gallery
at Capitol Riverfront (324 units,
2016); Lofts at Capitol Quarter (195
units, 2015); 82 I Street (234 units,
2016); Riverfront (305 units, 2016);
and Square 701 (285 units, 2017).
Whole Foods opens at 800
New Jersey Ave. (2017)
200 I Street opens with 1,200
employees and an art gallery.
Nearly 1,000 new residential
units, the Boilermaker
Shops, and Lumber Shed
retail under construction.
50,000 SF of retail leases
signed, including Whole
Foods, Sweetgreen, TaKorean,
and service retailers.
Completion of Phase 1 of the 11th
Street Bridge reconstruction,
a $300 million infrastructure
improvement project led by DDOT.
BID perception survey increases in
five years from 6% of respondents
feeling neighborhood is clean/
very clean and safe/very
safe to 93% of respondents
perceive the BID is clean/
very clean and 73% perceive
the BID as safe/very safe.
Capitol Riverfront population grows
to over 8,000 residents. (2017)
Infrastructure work begins on the
construction of the new Frederick
Douglass Memorial Bridge.
Capitol Riverfront population
approaches 4,000 and
Washington Nationals are
National League East Champions.
2.8 million visitors to Nationals
Park and the Capitol Riverfront.
33
DC United Stadium opens
on Buzzard Point. (2017)
1100 New Jersey Avenue, SE, Suite 1010
Washington, DC 20003
202.465.7093
info@capitolriverfront.org
www.capitolriverfront.org
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