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 FIND US ON @CapitolRvrfront