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Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018....

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Central District Retail Phase I Site Plan #90 SPRC 1 October 26, 2017
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Page 1: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Central DistrictRetail Phase ISite Plan #90

SPRC 1October 26, 2017

Page 2: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Agenda

• Introduction to JBG Smith and the Design Team

• Community Feedback and Project Timeline

• JBG Smith Vision Process

• Existing Conditions Overview

• Project Overview

Thursday, October 26, 2017 1

Page 3: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Introduction

Thursday, October 26, 2017 2

12.4M Commercial SF +4,232 Multifamily Units

Operating Portfolio

565K Commercial SF +464 Multifamily Units

Near-Term Development Pipeline

6.3M Commercial SF +12.0M Multifamily SFFuture Development Pipeline

700K Commercial SF +985 Multifamily Units

Under Construction

The BartlettArlington, VA

Central PlaceArlington, VA

Rendering

+FOUNDED 1946 FOUNDED 1960

Page 4: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Thursday, October 26, 2017 3

Crystal City, Pentagon City, and the Future of JBG Smith

Page 5: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

The Tower at PNC PlazaPittsburgh

25 KentBrooklyn, New York

Myriad Botanic GardensOklahoma City

Myriad Botanic GardensOklahoma City

Thursday, October 26, 2017 4

Page 6: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Community Feedback & Project Timeline

Thursday, October 26, 2017 5

Grand Opening

Winter 2017-Summer 2017

Summer 2017 – Present

July 18, 2017JBG Smith Merger

October 2017 –Spring 2018

Present – Spring 2020

Spring 2020

ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks

Public Outreach Internal Planning Public Approval Process Completion of Design & Construction Grand Opening

• Specialty Theater• No More Beige• Grocer• New Metro Entrance• Hardware Store• More Greenspace• Architectural Setbacks• Better Sidewalk Experience• Better Wayfinding

Page 7: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

GOAL: Create Long Term Sustained Growth Through Great Amenitized, Neighborhoods

Examples of Great Neighborhoods:Grammercy Park, New York | Shaw, D.C. | 14th Street, D.C. | Bethesda, Maryland | Beacon Hill, Boston | Pearl, Portland

Consistent Characteristics of Great Neighborhoods

Public Space, Landscape & Scale

Diversity of Offerings

Strategic Anchors & Well Merchandised Amenities

Sense of Community

• Human scale space/ seating

• Diversity of types of spaces and programming

• Connections to nature (shade/greenery)

• Flexible spaces that can accommodate intimate and large programming

• Exterior experience as an extension of the brand and “place”

• Balance of residential, office and hotel

• Diversified product within uses

• Serve resi/office population while attracting from outside market with experiential/destination retail

• Define the heart of the community

• Authentic and curated offerings

• Pedestrian access to multi-modal

• Great sidewalk systems and design

• Connectivity to/across Route 1

• Friendly wayfinding for all users

• Safe

• Socialization and activation of place

• Identity of place and brand

• Pride and ownership from all stakeholders

Transportation & Walkability

Thursday, October 26, 2017

6

Page 8: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Anchor and Merchandising Strategy:Serve the Needs of the Immediate Population

Merchandising Goals:

• Improve quality of life in the community

• Achieve great walkability score

• Provide mix of uses which will allow smart growth principles of less car driven economy

• Fill retail voids

Thursday, October 26, 2017 7

Page 9: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Key Retail Categories

• Entertainment: Cinemas, Theaters, and Live Music Venue (choose good brands and special build outs)

• Everyday Needs: Grocery, Gym, Boutique Fitness, and Service Retail

• Dining: Mix of full-service (biggest void) and fast casual options to provide 7 day/week, 3 meal/day, indoor/outdoor dining

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Page 10: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Thursday, October 26, 2017 9

Atlantic Plumbing, DC

The Shay, DC The Shay, DC

Central Place. Rosslyn, VA

Page 11: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Placemaking: Helping to Sustain Economic Growth

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Page 12: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Existing Conditions

Thursday, October 26, 2017 11

Page 13: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

12Thursday, October 26, 2017

1550 Crystal Drive

241 18th St.

251 18th St.

1515 Jefferson Davis Hwy

Proposed

Waterpark

Existing Conditions

Page 14: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Existing Conditions: Square Blocks

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1 2

4

1

234

3

1550 ground floor on 15th St.: future grocer

1550 lobby and future grocer

1550 ground floor on Crystal Drive.: future grocer

Existing Crystal Drive sidewalk: future in-line retail

Page 15: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Existing Conditions: Square Blocks

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5 6

7 85

67

8

Existing parking entry: future theater Existing 1770 vacant office building

Corner of Crystal Drive & 15th St.: future metro plaza Future 18th St. park & metro plaza

Page 16: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Existing Conditions: Square Blocks

Thursday, October 26, 2017 15

9

9

10

10

11

11

12

12

Existing 241 18th St. parking: future park Existing 241 18th St. parking: future park

18th St. grade change: future park Existing 18th St. garage entry: future corner building & park

Page 17: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Thursday, October 26, 2017

16

Repurpose Existing Infrastructure and Fill the Gaps

Page 18: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Thursday, October 26, 2017 17

DIVERSITY OF OFFERINGS

PUBLIC SPACE WITH HUMAN SCALE

WALKABILITY WITH TRANSIT ACCESS

PROGRAMMING AND ACTIVATION

STRATEGIC ANCHORS AND AMENITIES

Page 19: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Alignment with Sector Plan

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Sector Plan Recommendation Project Benefits

“Increase the amount of high-quality, accessible and ‘usable’ public open space in Crystal City” (p. 26)

Project converts parking loop road to over 40,000 SF of open space

“Encourage a diverse mix of retail spaces, including grocery stores” (p. 26) Project converts underutilized concrete infrastructure into space for future boutique grocer

“Provide varied cultural and civic facilities and uses (such as theaters)” (p. 26) Project includes delivery of 9 screen Alamo Drafthouse Theater that shows first run and art house films as well as dining, entertainment, and event space hosting

“Establish additional access points to the Crystal City Metro Station in the vicinity of the Crystal Drive and 18th Street intersection” (p. 29)

Project includes new Metro entrance at 18th Street & Crystal Drive and a new Public Metro Plaza

Page 20: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Thank YouFrom Our Team

Thursday, October 26, 2017 19

courb.co/crystal

Please visit the project’s online community engagement platform:

Page 21: Central District Retail Phase I Site Plan #90 · JBG Smith Merger. October 2017 – Spring 2018. Present – Spring 2020. Spring 2020. ARCA, CCCRC, CCCA, AHCA, Friends of AH Parks.

Certain statements contained herein constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not guarantees of future performance. They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements. You can find many of these statements by looking for words such as “approximates,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “would,” “may” or other similar expressions. Many of the factors that will determine the outcome of these and our other forward-looking statements are beyond our ability to control or predict. For further discussion of factors that could materially affect the outcome of our forward-looking statements, see “Risk Factors” in the final Information Statement in our Current Report on Form 8-K filed with the SEC on June 27, 2017. You are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date hereof. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect events or circumstances, whether as a result of future events, new information or otherwise.

The information contained herein does not constitute and should not be construed as an offering of advisory services or an offer to sell or solicitation to buy any securities or related financial instruments in any jurisdiction.

Thursday, October 26, 2017 20


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