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2014 ANNUAL REPORT
WASHINGTON, DC ECONOMIC PARTNERSHIP
2 BUSINESS ATTRACTION & RETENTION
8 BUSINESS DEVELOPMENT
11 SITE LOCATION ASSISTANCE
15 MARKET TOOLS & RESOURCES
19 PROGRAMS
21 WDCEP
TABLE OF CONTENTS
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The efforts of the WDCEP have proven to show that it has positively influenced the District’s economy and contributed to significant job growth, tax revenue, and real estate transactions.
Since 2000, the WDCEP has accomplished the following:
• Assisted with 4.6 million in square feet of new leases• Helped to create 13,032 jobs in DC• Helped generate $86.3 million of annual sales tax by 2018
In 2014, WDCEP accomplished the following:
• 41 WDCEP assisted businesses opened• 945k+ square feet of deals WDCEP helped close in FY14• 591 potential new DC businesses attended Entrepreneur
Road Map
The Washington, DC Economic Partnership (WDCEP) is a 501(c)(3) nonprofit organization dedicated to promoting Washington, DC economic growth in office, retail, hospitality, education, and residential markets. WDCEP strives to retain businesses, participate in business attraction activities, and take the lead to market and promote the city as a great place to start and expand a business.
As the leading economic resource for Washington, DC, it is our goal to foster partnerships between organizations, provide entrepreneur workshops to assist small business growth, provide un-biased economic and demographic data and research through our website and publications, as well as manage the promotion of DC’s tech initiatives, DigitalDC, and mentor program, Accelerate DC.
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ICSC · SXSW · MARKETING · NEIGHBORHOOD TOURS
BUSINESS ATTRACTION& FACILITATION
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BUSINESS ATTRACTION & FACILITATION
The WDCEP assists in the development of a vibrant and sustainable economy in the District of Columbia by marketing business and investment opportunities throughout the city. WDCEP actively markets these opportunities by representing the District at industry tradeshows across the nation, conducting site tours in target market areas, and through national and international marketing campaigns.
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International Council of Shopping Centers (ICSC)
Since 2001, the WDCEP has represented the District of Columbia at International Council of Shopping Centers’ (ICSC) annual meeting which attracts more than 30,000 retailers, developers, and brokers to Las Vegas. The event provides valuable face time in a business conference setting for investors to become more familiar with District of Columbia officials and economic development professionals. In 2014, the WDCEP conducted more than 80 meetings with retailers and developers from across the nation demonstrating the District’s commitment to attracting high quality national and international retail establishments. This year, there were 342 individuals that visited the District’s booth during the three-day conference. In addition, WDCEP hosted the “We Choose DC” reception at RECon with an attendance of 419 people.
In addition to its Las Vegas efforts, WDCEP represented the District and conducted more than 30 meetings at ICSC Mid-Atlantic (Washington, DC).
SXSW
SXSW, one of the largest technology, film, and music conferences in the world held each year in Austin, Texas provides WDCEP with the opportunity to showcase DC’s growing technology hub to technology industry leaders, entrepreneurs, programmers/developers, investors, and media. This past year, WDCEP organized and facilitated DC’s official on-the-ground presence at SXSW bringing together various partners from DC’s public and private sector to coordinate a strong and comprehensive marketing campaign to promote the District’s vibrant tech sector to more than 72,000 attendees from over 82 countries that attended the conference.
CoreNet
For the first time, the WDCEP attended CoreNet in October 2014 hosted by CoreNet Global the world’s leading association for corporate real estate (CRE) and workplace professionals, service providers, and economic developers. In 2014, the WDCEP began to increase its role in growing the office market in the District starting with leading DC’s presence at this event
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Space Finding Tours
WDCEP organized and executed seven neighborhood tours in partnership with the Office of the Deputy Mayor for Planning and Economic Development (DMPED) and other economic development organizations. Joined by DC government officials, brokers, property owners, entrepreneurs, and service providers, the WDCEP led these neighborhood tours to showcase retail and investment opportunities along the following major commercial corridors:
Rhode Island Avenue & New York Avenue: New York Avenue/Bladensburg Road • Fort Lincoln/Dakota Crossing • Rhode Island Avenue, NE/Woodridge • Brookland • Brentwood • Bloomingdale • North Capitol Street
Start it in 7: Ward 7: Minnesota & Benning • Deanwood • Nannie Helen Burroughs Avenue • Lincoln Heights/Richardson Dwelling • East Capitol Street/Capitol Gateway • East Capitol • Benning Road • Fort Dupont Park • Pennsylvania Avenue, SE • Hillcrest/Skyland
Georgia Avenue: Shaw • Howard University/Pleasant Plains • Park Morton • Petworth/Park View • Kennedy Street • Brightwood • Walter Reed • Shepherd Park • Takoma • Fort Totten • McMillan Park
Neighborhoods of Ward 8: Anacostia • Barry Farm • Bellevue/South Capitol • Congress Heights/Saint Elizabeths
Jefferson County Chamber of Commerce (Louisiana): Southwest Waterfront • Capitol Riverfront • Barracks Row • Capitol Hill • H Street, NE • Mount Vernon Triangle • Shaw • 14th & U Streets • Columbia Heights • 11th Street, NW • Logan Circle • Downtown
WDCEP/Bisnow Neighborhood Real Estate Tour: Downtown • Mount Vernon Triangle • Shaw • Bloomingdale • North Capitol Street • Fort Totten • Brookland • Rhode Island Avenue, NE/Brentwood • New York Avenue, NE/Ivy City • Union Market • H Street, NE • NoMa
Open Air Summit (ICSC): Southwest Waterfront • Capitol Riverfront • Downtown DC (CityCenterDC) • NoMa • H Street, NE • Union Market
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Gallery Pl/Chinatown
Mt Vernon Sq/Convention Center
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Georgia Ave/Petworth
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CapitolSouth
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Potomac Ave
Stadium-Armory
FederalCenter SW
Waterfront/SEU
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2001-2003 Benning Road, NESPECS 6,000 SF available / ImmediatelyCONTACT Ken Noroozi / Vantage Commercial Realty / 301-534-5340 / ken@vantagecr.com
OFFICE1
2027 Benning Road, NESPECS 1,116 SF available /Immediately / Sale Under Contract - $395,000CONTACT Sofonias Astatke / Drachman LLC / 202-986-0160 x3 / sastatke@drachmanrealestate.com
RETAIL & OFFICE2
2029 Benning Road, NESPECS 2,712 SF available / Immediately / Sale Only - $600,000CONTACT Howard Whang / Brown, McGEee & Whang / 703-380-2758 / whang9@gmail.com
RETAIL & OFFICE3
3401 Benning Road, NESPECS 1,500 SF available on 0.23 AC / ImmediatelyCONTACT Jeremy Levin / Solomon Real Estate / 301-230-5801 / jeremy@solomonreal.com
INDUSTRIAL/FLEX4
Tour Route
3461 Benning Road, NESPECS 1,846 SF available / ImmediatelyCONTACT George Patterson / Phoenix Real Estate Solutions / 301-526-5212 / gdp@phoenixrealestatesolutions.com
OFFICE/FLEX5
3621 Benning Road, NESPECS 20,000 SF available / Immediately / Lease or Sale - $14,000,000CONTACT Frank Gittelson / Empire Leasing, Inc / 202-429-3737 / frank@empireleasingpm.com
INDUSTRIAL FLEX/DEVELOPMENT SITE6
3701 Benning Road, NESPECS 16,300 SF available on 0.33 AC / For Sale Under ContractCONTACT Roger Uhar / Uhar & Company / 202-965-3400 x3 / rogeruhar@yahoo.com
INDUSTRIAL FLEX/DEVELOPMENT SITE7
Park 74020 Minnesota Avenue, NE
SPECS 50,581 SF available / ImmediatelyCONTACT Larry Clark / Donatelli Development / 301-654-0070 / lclark@dkdevelopment.com
RETAIL8
March 20, 20149:00am–12:00 noon
Vincent C. Gray, Mayor
Ward 7 Entrepreneurship Week
HOSTED BYSPONSORED BY
RETAIL – OFFICE – FLEX –CREATIVE – RESTAURANT - DEVELOPMENT
WARD 7 STRATEGIC SPACES TOURMinnesota Ave & Benning Road, NE • Deanwood • Nannie Helen Burroughs Avenue • Lincoln Heights/Richardson Dwelling • East Capitol Street/Capitol Gateway • Benning Road Metro • Fort Dupont • Pennsylvania Avenue, SE • Hillcrest/Skyland
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Regional, National, and International Promotion of the DC Business Opportunities
In 2014, the WDCEP expanded its business attraction, marketing, and public relations efforts to include a pro-active strategic communications strategy to promote the District as a prime location for business domestically and internationally through a variety of resources and marketing activities. At the end of its fiscal year, WDCEP added a Director of Marketing to its team to lead its communications, public relations, and marketing efforts to further increase awareness of WDCEP’s initiatives and increase the city’s appeal for businesses.
As a result of this strategy, the WDCEP successfully raised awareness of the District’s thriving economy and business opportunities in major publications. Coverage of the partnership throughout the year includes Forbes Magazine, Washington Post, Washington Post Express, Capitol Business, Washington Business Journal, Washington City Paper, Bisnow, NBC4, ElevationDC, DCist, Technical.ly DC, and Globe Street among others.
The WDCEP also established a partnership with Washington Business Journal to run neighborhood highlights from its Neighborhood Profiles publication with sections including Georgetown, the 14th and U Street corridor, Union Market, and NoMa & H Street, NE. This partnership allows exposure of DC neighborhood demographics, enables small businesses to place ads, and increases awareness of the partnerships on a local level.
In November, 2014, WDCEP launched its Capitalize campaign in a full spread with Delta’s inflight magazine, Sky Magazine, a banner ad both on its website and newsletter. The partnership was also able to run a month-long airport campaign promoting Washington, DC attributes at National Airport.
2 WASHINGTON BUSINESS JOURNAL
Union Market
Here, a wide variety of multi-cultural and socio-economic groups converge in the spir-it of creativity, entrepreneurship, and love of food. Union Market is quickly returning to its roots as a powerful economic engine and culinary destination, and in the process, transforming the fl ourishing, creative urban fabric of DC.
The newly revamped Market at Union Market is a year-round indoor market of local artisans and vendors as varied as local farmers, bakers, old-school meat butch-ers, a cheese monger and a mixologist. In a short span of time, the Market has become the culinary epicenter of the District hosting famous chef-stars and foodies from around the country.
The Market was restored by EDENS and sits within the larger 45-acre Union Mar-ket district, which historically has been DC’s center for industrial whole sale and spe-cialized retail food distribution. This co-exis-tence and mutual reinforcement is emblem-atic of the vision to transform the largely industrial area into a 21st century hub for not only food production and sale, but also for the burgeoning creative economy, tech startups and local businesses. At a project-ed build out of almost eight milion square feet, Union Market is envisioned as a vibrant district containing a mix of uses including retail, restaurants, hotels, residential, and entertainment.
Savor the diversity and possibility of the historic Union Market district.
Angelika Pop Upopened a 3-screen micro cinema in 2014
artisanal vendors & local businesses at the Market
83years the Union Market has been the historic food hub for DC
8MSF of planned redevelopment in the Union Market district
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Mt Vernon Sq/Convention Center
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ColumbiaHeights
Georgia Ave/Petworth
L'EnfantPlaza
CapitolSouth
EasternMarket
Potomac Ave
Stadium-Armory
FederalCenter SW
Waterfront/SEU
Navy Yard
Benning Rd
Minnesota Ave
Deanwood
Fort Totten
Takoma
Brookland/CUA
Rhode Island Ave
UnionStation
Judiciary Sq
Woodley Park/Zoo/Adams Morgan
Van Ness/UDC
Cleveland Park
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YES!ORGANICMARKET
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WASHINGTONFIREHOUSERESTAURANT
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HOME DEPOT
HECHT’S WAREHOUSEDISTRICT
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Reflecting PoolThe Mall
GeorgetownReservoir
Open SpacePreserve
Chesapeake &Ohio Canal
NationalHistoricPark
DalecarliaReservoirGrounds
RockCreekPark
FORT STEVENS
Rock CreekCemetery
FortSlocum
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FortTottenPark
KenilworthAquaticGardens
NationalArboretum
LincolnPark
StantonSquare
Langston Golf Course& Driving Range
FortMahanPark
FortChaplin
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Fort DupontGolf Course
PopeBranchPark
Fort Davis Park
Fort StantonPark
PoplarPoint
NATIONALZOOLOGICAL
PARK
GloverArchbold
Park
WhitehavenPark
DumbartonOaks Park
MontrosePark
BatteryKemble
Park
WesleyHeights
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UnionStationPlaza
PotomacPark
WestPotomac
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Lady BirdJohnson Park
TheodoreRoosevelt
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East Potomac ParkGolf Course
TheEllipse
BrentwoodPark
McMillanReservoir
Mount OlivetCemetery
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AnacostiaRiver Park
Anacostia RiverPark
FarragutSquare
FarragutSquare
LoganCircleLoganCircle
WashingtonCircle
WashingtonCircle
ArlingtonNational
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TidalBasin
ShermanCircle
ShermanCircle
GrantCircleGrantCircle
SheridanCircle
SheridanCircle
LafayetteSquare
LafayetteSquare
NATIONALBUILDING MUSEUM
ATLASTHEATER
VERIZON CENTER
UNITEDSTATESCAPITOL
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CANNON HOUSEOFFICE BUILDING
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NATIONALGALLERY OF ART
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ST
KENILW
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BLAINE ST
42N
D S
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FOO
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ANAC
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34TH
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JAY ST
HAYES ST
DEA
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GAULT PL
HAYES ST
JAY ST
JUST ST
52N
D S
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49TH
ST
49TH
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BROOKS ST
47TH
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FOOTE ST
BLAINE ST
BLAINE ST
KEN
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KENILWORT
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AN
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DOUGLAS ST
LANE PL
MEADE ST
MIN
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44TH
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LEE ST
MEADE ST
50
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ST
55TH
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AMES ST
EADS ST
53RD
ST
51ST
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54TH
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49TH
ST
50TH
ST
C ST
D ST
B ST
E ST
D ST
46TH
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ALA
BA
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AV
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BURN
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H ST
F ST
VISTA ST
FORT
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MYRTLE AVE
CLI
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TEXAS AVE
38TH
ST
HILLC
REST D R
CAMDEN ST
BANGOR ST
34TH
ST
FORT
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32N
D S
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31ST
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31ST
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33R
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30T
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BR
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AV
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BLADENSB
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SOUTH DAKO
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NEW YORK AVE
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16TH
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CO
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MASSACHUSETTS AVE
MASSACHUSETTS AVE
14TH
ST
NO
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CA
PIT
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7TH
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NEW YORK AVE
NEW YORK AVE
6TH
ST
11TH
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NEW
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13TH
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13TH
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14TH
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16TH
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14TH
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WISC
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MILITARY RD
MISSOURI AVE
CALVERT ST
TILDEN ST
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PARK RD
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FLORIDA AVE
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G ST
F ST
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1ST
ST
5 TH
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4TH
ST
18TH
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M ST M ST
19TH
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KALORAMA RD
WYOMING AVE
CALIFORNIA ST
24TH
ST
23R D
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BELMONT RD
R ST
2ND
ST
H ST
P ST
Q ST
S ST
P ST
O ST
T ST
V ST
4TH
ST
5TH
ST
42N
D S
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W ST
40TH
PL
40 S
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3 9TH
PL
39TH
ST
38TH
ST
MONROE ST
NEWTON ST
RO
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UPTON ST
BLAGDEN
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ORDWAY ST
MACOMB ST
NEWMARK ST
GARFIELD ST
WOODLEY RD
29TH
ST
28TH
ST
27TH
ST
CATHEDRAL AVE
CA
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RA
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W
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NORMANSTONE DR
KALORAMA RD
LANIER PL
HARVARD ST
17TH
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18TH
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SPRING RD
HO
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PL
DECATUR ST
ARG
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ALLISON ST
BUCHANAN ST
CRITTENDEN ST
EMERSON ST
18TH
ST
WEBSTER ST
SHEPHERD ST
TAYLOR ST
17TH
ST
SHEPHERD ST
RANDOLPH ST
QUINCY ST
IOW
A AVE
DELAFIELD PL
8TH
ST 7T
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5TH
ST
4TH
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3RD
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9TH
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7TH
ST
4TH
ST
9TH
ST
FARRAGUT ST
GALLATIN ST
HAMILTON ST
INGRAHAM ST
JEFFERSON ST
LONGFELLOW ST
PEABODY ST
MADISON ST
KENNEDY ST
SHERIDAN ST
QUACKENBOS ST
RITTENHOUSE ST
NICHOLSON ST
ILLINO
IS AVE
BRYANT ST
ROCK
CRE
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HURC
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41ST
ST
DAVIS PL
36TH
ST
FULTON ST
CALVERT ST
34TH
PL
36TH
PL
CATHEDRAL AVE
WOODLEY RD
35TH
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36TH
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PILGRIM RD
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34TH
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INDEPENDENCE AVE
SOU
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M ST
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NEW
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NORTH CAROLINA AVE
SOUTH CAROLINA AVE
EAST CAPITOL ST
3RD
ST
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LOUISI
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WASHINGTON AVE
WATER ST
14TH
ST
17TH
ST
L ST
15TH
ST
K ST
KENTU
CKY AVE
16TH
ST
C ST C ST
D ST D ST
E ST
G ST
C ST
I ST I ST I ST
6TH
ST
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G ST
1ST
ST
K ST
HA
LF S
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L ST
HA
LF S
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8TH
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POTOMAC AVE
1ST
ST
P ST
4TH
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DEL
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2ND
ST
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1ST
ST
CONSTITUTION AVE
INDEPENDENCE AVE
14
TH S
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TH S
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7TH
ST 9T
H S
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15TH
ST
17TH
ST
K ST K ST
PENNSYLVANIA AVE
12TH
ST
VIRGINIA AVE
4TH
ST
L ST
G ST
F ST
E ST E ST
E ST
H ST
I ST
20TH
ST
21ST
ST
2 2N
D S
T
C ST
D ST
23R
D S
T
D ST
C ST
6TH
ST
13TH
ST
INDIANA AVE
M ST
MASSACHUSETTS AVE
FOXH
ALL RD
MAC
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WISC
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RENO RD
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46TH
ST
ROC
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& P
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KW
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25TH
ST
Q ST
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28TH
ST
27TH
ST
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N ST
29TH
ST
30TH
ST
P ST
37TH
ST
31ST
ST
3 4T H
ST
33R
D S
T
PROSPECT ST
35TH
ST
37TH
ST
S ST
39TH
ST
38TH
ST
T ST
S ST
44TH
ST
Q ST
SALEM LA
WHITEHAVEN PKWY
48TH
ST
W ST
KIN
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49TH
ST
27
TH S
T
28TH
ST
2 9TH
ST
ELLICOTT ST
LIN
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AN
AV
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ALBEMARLE ST
BRANDYWINE ST
DAVENPORT ST
GR
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GLO
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36TH
ST
WARREN ST
ALTON PL
38TH
ST
FESSENDEN ST
39TH
ST
38T H
ST
42N
D S
T
41ST
ST
HARRISON ST
ELLICOTT ST
BRANDYWINE ST
YUMA ST
WARREN ST
CHESAPEAKE ST
44TH
ST
4 5TH
ST
47T H
ST
4 3R
D S
T
BUTTERWORTH PL
FOR
DH
AM
RD
48TH
ST
4 9TH
ST
DAVENPORT ST
UPTON ST
TILDEN ST
QUEBEC ST
RODMAN ST
SEDGWICK ST
ROCKWOOD PKWY
SHERRIER PL
GLENBROOK RD
MACOMB ST
POTO
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KLINGLE ST
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44TH
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WHITEHAVEN ST
36TH
ST
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PKWY
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MACARTHUR BLVD
BENNING RD
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BLA
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NEW YORK AVE
16TH
ST
BEACH DR
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NO
RTH C
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OR
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AV
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PIN
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RD
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MILITARY RD
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SOUTH DAKOTA AVE
13T
H S
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GEN
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FRANKLIN ST
RENO RD
TAYLOR ST
UTAH AVE
NEB
RASK
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MONROE ST
OR
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WEST
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ALASK
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ASPEN ST
CEDAR ST
ASPEN ST
BLAIR RD
BLA
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EASTERN AVE
EASTERN AVE
EASTERN AVE
EASTERN AVE
WES
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K ST
HO
LBRO
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ST
TRIN
IDA
D A
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MORSE ST
NEAL ST
F ST
E ST
I ST
4TH
ST
2ND
ST
3RD
ST
4TH
ST
2 ND
ST
2 ND
PL
4 TH
ST
5TH
ST
6TH
ST
9 TH
ST
8TH
ST
7TH
ST
10TH
ST
11TH
ST
12TH
ST
MOUNT OLIVET RD
13TH
ST
G ST
L ST
BRENTW
OO
D RD
18TH
ST
W ST
17TH
ST
16TH
ST
15TH
ST
14
TH
ST
15
TH
ST
L ST
M ST
MARYLAND AVE
TEN
NES
SEE
AVE
QU
EENS C
HA
PEL RD
V ST
31ST
ST
26TH
ST
21ST
ST
RITTENHOUSE ST
NORTHAMPTON ST
MCKINLEY ST
30TH
ST
30TH
PL
31ST
ST
BRO
AD
BRA
NC
H R
D
2ND
ST
1ST
ST
3RD
ST
NO
RTH
CA
PIT O
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SHERIDAN ST
CHILLUM PL
WHITTIER ST
SLIG
O M
ILL R
D
ONEIDA ST
NICHOLSO
N ST
OGLETHORPE ST
CHILLUM PL
KENNEDY ST
HAMILTON ST
GALLOWAY ST
JEFFERSON PL
FORT TO
TTEN D
R
BROO
KLAN
D A
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BUCHANAN ST
CRITTENDEN ST
DECATUR ST
7TH
ST
6T
H P
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12TH
ST
PUERTO
RICO
AVE
10TH
ST
8TH
ST
7TH
ST
2 2N
D S
T
BRYANT ST
24TH
ST
20TH
ST
GIRARD ST
9TH
ST
HAMLIN ST
IRVING ST
LAWRENCE ST
OTIS ST
14TH
ST
BUNKER HILL RD
19TH
ST
WEBSTER ST
VARNUM ST
HAWAII AVE
1ST
ST
2ND
ST
HA
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WO
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RD
C
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HA
SE P
KW
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EVA
DA
AV
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32N
D S
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3 3R
D S
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MORRISON ST
LIVINGSTON ST
LEGATION ST
KANAWHA ST
JENIFER ST
JOCELYN ST
CHANNING ST
MONTANA AVE
MO
NTAN
A AVE
EVARTS ST
NEWTON ST
13TH
ST
FRANKLIN ST
GALLATIN ST
17TH
ST
14TH
ST
GERANIUM ST
HOLLY ST
IRIS ST
KALMIA RD
LEEGATE RD
PORTAL D
R N
PORTAL D
R S
EAST
BEA
CH
DR
WIS
E RD
31ST
ST
BARNABY ST
TENNYSON ST
29TH
ST
30TH
ST
32ND S
T
31ST
PL
BEECH ST
32N
D S
T
31S
T ST
NORTHAMPTON ST
ABERFOYLE PL
WEST
ERN AVE
CANAL RD
14TH
ST
FLORIDA AVE
CO
NN
ECTIC
UT A
VE
COLO
RAD
O A
VE
KAN
SAS
AVE
PEABODY ST
MINNESOTA AVE
MINNESOTA AVE
ERIE ST
MORRIS RD
MEMORIAL AVE
GEORGE
WASH
IN
GTON MEM
ORI
AL
PKW
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6TH
ST 5T
H S
T 4TH
ST
3RD
ST
MICHIGAN AVE
PAR
K P
LAC
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BRENTWOOD PKWY
WISC
ON
SIN A
VE
MT PLEA
SAN
T ST
IRVING ST
MO
NTE
LLO
AVE
18TH
ST
WATER ST
PARK RD
LAMONT ST
MORTON ST
WA
RD
ER ST
NEAL ST
PARKSID
E PL
EAST CAPITOL ST
FERN ST
HARVARD ST
FAIRMONT ST
24TH
ST
6TH
ST
4TH
ST
PENNSYLVANIA AVE
NEW YORK AVE
KFC/TACO BELL
M
M
SILVERSPRING M
UNION MARKET
NORTH CAPITOLPAGE 37
NOMAPAGE 36
H STREETPAGE 27
M
MRhode Island Ave
UnionUnionStationStation
ELEMENTARY SCHOOL
RUSTIK TAVERNRUSTIK TAVERN
WASHINGTONWASHINGTONWASHINGTONFIREHOUSEFIREHOUSEFIREHOUSERESTAURANTRESTAURANTRESTAURANTRESTAURANT
FORMAN MILLS
RHODE ISLAND ROWRHODE ISLAND ROW
GIANT FOOD
HOME DEPOTHOME DEPOTHOME DEPOT
WALMART
CVS
GIANT FOODGIANT FOODGIANT FOOD FUTURE WHOLE FOODSFUTURE WHOLE FOODS
H STREET CONNECTIONH STREET CONNECTION
TAYLORTAYLORGOURMETGOURMET
FUTUREFUTUREBEN’S CHILI BOWLBEN’S CHILI BOWLBEN’S CHILI BOWLBEN’S CHILI BOWL
ROCK N ROLL HOTEL
RED ROCKSRED ROCKS
UNLEASHED
ATLASATLASTHEATERTHEATER
UNIONUNIONUNIONSTATIONSTATIONSTATION
SEC
44TTHH
SSSTTT
55TTHH
SSTT
TT SSTTT
LLLIIINNN
CCCOOOO
LLLNNNRRR
DDD
22NNDD
SSSTTT
SSUUMM
MMMIITT
PPLL
33RRDD
SSSTTT
NNOOO
RRTTHH
CCCAA
PPIITT
OOOOLL
SSSTT
HH SSTT
MMMAAARRYYRYRRYR LLAAANNDD AAVVAVAAVA EEEE
WWEESS
TTVVII
RRGGGIIINN
IIAAAAVVAVAAVA
EE
TTRR
MMOORRSSEE SSTT
NNEEAALL SSTT
FF SSTT
EE SSTT
22NNDD
SSTT
33RRDD
SSTTT
44TTHH
SSTT
55TTHH
SSTT
66TTHH
SSTT
GGBEN’S CHILI BOWL
GBEN’S CHILI BOWLBEN’S CHILI BOWL
GBEN’S CHILI BOWL
SSBEN’S CHILI BOWL
SBEN’S CHILI BOWLBEN’S CHILI BOWL
SBEN’S CHILI BOWL
TT
BBRREENNTTTTWWWW
OOOO
DDRRDD
MMOO
NNTTTEE
LLLLOOO
AAVVVAVAAVAEEE
NNEEWW YY
NORTH CAPITOLNORTH CAPITOLNORTH CAPITOLNORTH CAPITOLNORTH CAPITOLPAGE 37PAGE 37
NOMAPAGE 36PAGE 36
H STREETH STREETPAGE 27PAGE 27PAGE 27
ADVERTISING SUPPLEMENT www.wdcep.com
WASHINGTON, DC ECONOMIC PARTNERSHIP | H ST. NOMA UNION MARKET
Located at the strategic intersection of two main city thoroughfares—New York and Florida Avenues—served by a Metrorail station, and set between Gallaudet Univer-sity, NoMa and H Street, NE, Union Market
offers easy access to local residents and regional consumers. Connected, historic, and newly vibrant, Union Market is a cata-lyst for the creative economy blossoming in DC.
Population 5,919 41,115 336,243
Male 50% 49 49
Female 50% 51 51
High School Grad+ 87% 84 86
Bachelor’s+ 45% 45 53Grad/Professional 19% 22 29
0-½mi 0-1mi 0-3mi
POPULATIONApparel* $4,085 36,093 360,014
Computers & Accessoriess $682 5,714 57,755
Entertainment& Recreation $8,225 69,667 693,248
Pets $1,421 11,667 117,174
Television, Radio & Sound $3,192 28,067 282,353
Food at Home 12,736 111,524 1.1MFood away from Home $8,553 73,030 738,736
Home Improvements $4,108 33,653 319,078
Household Furnishings $2,566 21,673 219,831
Personal Care $1,143 9,480 96,656Vehicle Maint. & Repair $2,679 22,344 225,513
0-½mi 0-1mi 0-3mi
CONSUMER EXPENDITURES (IN THOUSANDS)
Households (HH) 2,134 17,559 157,053
Average HH Size 2.5 2.2 2.0
Owner-occupied 44% 38 35
Renter-occupied 56% 62 65
Median HH Value* $387 $411 $427
HOUSEHOLDS
Average HH* $85 88 98
Median HH* $68 59 64
HH Income <$50K 39% 43 40
HH Income $50-75K 14% 15 15
HH Income $75K+ 47% 42 45Median HH Disp.* $51 46 49
INCOME
METRO RAIL EXITS
7,469 / 4,906 NoMa–Gallaudet(Avg. weekday / Avg. weekend)
Source: ESRI, 2013 Estimates & Projections
*In thousands TRAFFIC COUNTS
57,300 New York Avenue27,200 Florida Avenue
(Avg. weekday)
40
4 WASHINGTON BUSINESS JOURNAL
ADVERTISING SUPPLEMENT www.wdcep.com
WASHINGTON, DC ECONOMIC PARTNERSHIP | H ST. NOMA UNION MARKET
NoMa
Billions have been invested in NoMa, resulting in more than 7 million square feet of new office space and 3,800+ Class A apartments. Retail development is in full swing with new dining options and more than 350,000 SF of retail, including a sev-en-screen Landmark Theatre coming soon. At full build-out, the NoMa neighborhood will have more than 34 million square feet of office, residential, hotel, and retail space.
Office workers and residents love NoMa. The neighborhood is home to 40,000 day-time workers and close to 18,000 residents. Located at the center of Capitol Hill, Mount Vernon Triangle, Shaw, Eckington and Trini-dad, NoMa is the commercial core of this bustling area, with an average of more than 61,000 pedestrians throughout the neigh-borhood daily. Unparalleled transportation options in NoMa include Union Station’s MARC, VRE and Amtrak, 13 bus lines, two Red Line Metrorail stops, the East Coast’s only Bikestation, the 8-mile Metropolitan Branch Trail and access to seven Capital Bikeshare stations. Nearly 70 percent of
NoMa has seen an explosion of development in the last few years, and there will soon be a boom in neighborhood amenities as retail, entertainment and public park projects deliver.
34 millionSF of total development
Less than 3Hours from Union Station to New York City
I-395Minutes from NoMa NoMa’s 40,000 office workers commute by
walking, bicycling or mass transit. Associations, think tanks and media/
tech companies have led NoMa’s remark-able growth in private sector tenants, which now comprise 40 percent of NoMa’s office
market. Tenants are attracted to new LEED Certified buildings with flexible floor plates, daylighting, and unparalleled transit access. In 2014, Google joined existing media ten-ants in NoMa, including NPR, CNN, Sirius XM Radio, and CQ-Roll Call. Other notable tenants in NoMa include the American Med-ical Association, American Psychological Association, Amtrak, CareFirst BlueCross BlueShield, DC Department of the Environ-ment, Kaiser Permanente, Mathematica Policy Research, NeighborWorks America, U.S. Department of Justice, and the U.S. Securities and Exchange Commission.
NoMa residents are drawn to the area because of its location, convenience, and sustainable, high-quality housing options. The NoMa BID sponsors more than 50 free community events each year with local partners such as Washington Project for the Arts, Union Kitchen, and FotoDC. More than 22,000 people attended these popu-lar events in 2014, including the award-win-ning NoMa Summer Screen and the trendy Nerds in NoMa speaker series.
Photography courtesy Sam Kittner Photography
12.7 millionSF of completed office: 50% larger than Bethesda CBD
Diversity. Proximity. Opportunity. Washington, DC is a world-class
city that boasts a highly educated workforce, a prosperous
business climate, and is a hub for the world’s most influential
policy makers and shapers. In Washington, DC, you are always
close to what matters most – business, culture, entertainment.
It’s where you thrive. It’s where you call home. Capitalize on DC.
6
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WDCEP IN THE HEADLINES
DEAL OF THE WEEK
Tech Sector's Capital Infusion Washington's Real-Estate Market Is Getting a Boost By MAX TAVES Aug. 19, 2014 6:47 p.m. ET
IStrategyLabs will relocate to a former Wonder Bread factory in Washington. Douglas Development
To accommodate the growth of his digital-advertising agency, Peter Corbett will move his firm to a 17,000-square-foot office housed in a refurbished Wonder Bread factory, a historic building in Washington that was abandoned in the 1980s and recently brought back to life by Douglas Development Corp.
The deal, completed last week, means that Mr. Corbett's firm, iStrategyLabs, will nearly triple the amount of space it is leasing in the city. At the same time, it is moving away from the upscale Dupont Circle to the transitional Shaw community, which city officials are trying to position as part of the city's technology corridor—a roughly five-block-wide, three-mile-long stretch of Georgia Avenue in northwest Washington.
Mr. Corbett said finding a neighborhood that was both accessible to and compatible with his young employees was as important as finding the right space. He describes Shaw as a "neighborhood that's coming up" and where a lot of "people in their 20s and 30s live."
On Small Business By J.D. Harrison June 15
Why ‘where are you located’ has become a tricky question for many entrepreneurs
RideScout co-founders Joseph Kopser (green hat) and Craig Cummings (far right) work alongside
several of their employees at 1776 in Washington. Looking for the rest of the company? You’ll need
to head to Texas. (Jeffrey MacMillan/Jeffrey MacMillan )
It’s a simple, straightforward question for most entrepreneurs. Where is your company based? But for Joseph Kopser, it’s not so cut and dry. “It’s complicated,” said Kopser, one of the founders of the transportation start-up RideScout. “I like to say we were conceived in Arlington, Virginia, born in Austin, Texas, and raised in Washington, D.C.” “Truth is,” he added, “we don’t have just one home.”
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DOING BUSINESS GUIDE · EDUCATIONAL SEMINARS · INTERNATIONAL DELEGATES
BUSINESSDEVELOPMENT
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BUSINESS DEVELOPMENT
The WDCEP offers educational programming to foster growth, development, entrepreneurship, and strategic relationship building among the city’s business community. We collaborate with the Government of the District of Columbia, community and workforce development organizations, local universities, and private entities to promote a business-friendly environment in the District. To help businesses grow and thrive here in our nation’s capital, we provide access to key resources and services, including economic incentives and programs, lease and site location assistance, workforce development assistance, statistics and demographics, and a network of partner organizations.
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DC Doing Business Guide
The DC Doing Business Guide provides step-by-step essentials for starting, expanding, or relocating your business in DC and includes detailed information on business resources, regulations, and requirements. Now in its seventh edition, the Doing Business in DC guide is printed bi-annually, offered online, and distributed to DC’s business resource centers, business improvement districts, government agencies, nonprofits, and community development corporations.
Entrepreneur Road Map: Monthly Speaker Series
Entrepreneur Road Map’s Monthly Speaker Series brings the DC Doing Business Guide to life with monthly seminars dedicated to each essential entrepreneurial topic. Featuring experts in each topic ranging from initial business start-up considerations to business financing, entrepreneurs and business owners are able to gain access to some of the city’s top thought leaders and have the opportunity to network with both panelists and other attendees. In WDCEP’s effort to attract, retain, and grow business in the District, this initiative is a critical educational tool and resource for those that want to do business in the nation’s capital.
Accelerate DC Venture Mentoring Service
In 2013, the WDCEP launched a new business development initiative for the District’s technology community - AccelerateDC Venture Mentoring Service (AccelerateDC VMS). AccelerateDC is designed to support innovation and entrepreneurial activity throughout the District by connecting emerging entrepreneurs with experienced mentors. Building on the highly successful model of the MIT Venture Mentoring Service, Accelerate DC VMS uses a team-based approach to mentoring where entrepreneurs are paired with a team of experienced mentors who offer a wealth of knowledge, entrepreneurial business experience, and extensive networks to young entrepreneurs.
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RETAIL & RESTAURANTS · CORPORATE RECRUITMENT · REAL ESTATE FACILITATION
SITE LOCATIONASSISTANCE
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SITE LOCATION ASSISTANCE
We work with a variety of businesses that range from small start-ups to large corporations on finding the right location to fit their business needs. WDCEP informs businesses of available opportunities, provides data on demographics and business incentives, offers introductions to appropriate property representatives, and gives guidance on the processes of opening a business in the District.
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Business Attraction/Retention
At the Washington, DC Economic Partnership, it is our mission to continually inform businesses, developers, and investors of the opportunities in DC and its neighborhoods, connect them to appropriate government agencies, and help to create partnerships within the private sector.
WDCEP’s retail and office attraction initiatives have led to more than 945,000 square feet of openings in FY 2014. These efforts have led to thousands of new jobs and millions of additional tax revenue for the District.
Association of American Medical CollegesBarnes & NobleCapriotti’sCarolina KitchenCheeky PuppyChipotleChoice HotelsDel Frisco’s Double Eagle SteakhouseDental Dreams
DSWGiantH&MHUGO BOSSMarshall’sSafewayShophouse Southeast Asian KitchenTrader Joe’sWalmart
Select Success Stories in 2014
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BUSINESS TOOLS · RESEARCH · PUBLICATIONS
TOOLS &RESOURCES
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TOOLS & RESOURCES
Washington, DC Economic Partnership is Washington, DC’s leading resource for economic development data. From providing site location assistance to researching neighborhood demographics or development information, we provide information that helps companies start or expand their business into Washington, DC.
WDCEP uses GIS technology for virtual tours of the city, offers an interactive website for site location assistance, produces business-friendly publications, and hosts events and educational seminars, as well as promote information on social media.
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Publications
DC Development Report: 2013/2014 Edition
The DC Development Report is an annual publication that gives a comprehensive overview of development and construction activity in the District of Columbia. The DC Development Report has long been a tool used by public officials, developers, brokers, and investors looking to inform their clients and constituents about the development occurring in the District. The DC Development Report: 2013/2014 Edition is a compilation of nearly 13 years of data on approximately $85 billion in development within the District. The 2013/2014 Edition summarized 1,457 development projects in the District, detailed the development trends, and highlighted the major projects in the office, retail, residential, hospitality, and education markets, and revealed trends about the projects expected to deliver in 2014 and 2015.
In addition, WDCEP partnered with CBRE to provide an economic and development overview of DC and in-depth analysis of the office, retail, and residential markets. The information found in the DC Development Report is the result of WDCEP’s annual development census which compiles research and data from more than 100 developers, architects, contractors and economic development organizations each year.
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2014 Neighborhood Profiles
Finding information on Washington’s neighborhoods is simplified with the WDCEP’s Neighborhood Profiles book. This year’s publication provides snapshots for 50 DC neighborhoods, commercial corridors, and New Communities Initiatives. Each profile contains a brief description of the neighborhood, a local map, demographic information on area residents, photos, and more. The 2014 Neighborhood Profiles were updated with the latest neighborhood demographic information, updated Metrorail and Capital BikeShare counts, area highlights, a District-level demographic overview, retail market recap as well as added information on the Great Streets Initiative and Main Street programs for retailers and small businesses. The WDCEP works with its local partners to make sure that each profile is up-to-date on the latest economic development news and developments.
Development SearchIn conjunction with the DC Development Report, the WDCEP offers an interactive development search at search.wdcep.com. This tool allows users to search nearly 1,600 development projects that have been completed in the District since 2001, under construction or in the pipeline.
Retail Site Search In order to help national and local retailers and restaurants find space in DC, WDCEP, in coordination with the Office of the Chief Technology Officer, created an online search tool called Retail Site Search. This interactive search allows retailers to query more than nearly 500 retail opportunities by size, neighborhood, timeframe, and address or intersection. The information on each site includes the space available for lease, Metrorail and traffic counts, neighborhood demographics, images of the space, and leasing contacts. The tool integrates technologies and data from Google Maps & Streetview, DC Data Catalog, and the WDCEP. Beyond the retail site information, a user will also be able to learn about the zoning around a site or determine the size of an adjacent parcel using the map layers function. The tool can be accessed from the WDCEP’s website www.wdcep.com.
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ANNUAL MEETING & DEVELOPMENT SHOWCASE · INTERNSHIP PROGRAM
PROGRAMS
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Annual Meeting & Development Showcase
Since 2001, the WDCEP’s Annual Meeting & Development Showcase (AMDS) has been the premier gathering of DC’s top business and community leaders to celebrate the District’s vibrant economy. The 2013 program opened with the Development Showcase, the largest event of its kind, featuring more than 60 exhibitors representing almost every major commercial, retail, and housing development in the District. The Development Showcase was followed by the Annual Meeting luncheon which attracted more than 600 attendees, featuring DC’s top business leaders, entrepreneurs, real estate professionals, and local government officials.
This year’s lineup of speakers included remarks by Mayor Vincent C. Gray, Councilmember Jack Evans, and keynote speaker Knight Kiplinger, noted economic forecaster – journalist, DC businessman and Washington native – dissected the national trends that will affect the Capital City.
Internship Program
The WDCEP understands the importance of mentorship and fellowship for the District’s developing workforce. We offer internship opportunities for students located in our city. Eleven students interned in the WDCEP office this year, providing research, business development, location mapping, event planning, and programming support. We believe that the future of the District’s economic resurgence is impacted by the experience and opportunities of its youth.
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STAFF · BOARD OF DIRECTORS · FINANCIALS
ABOUT WDCEP
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With a fill-time staff of eight people, the WDCEP relies on its board, sponsors and community partners to help fulfill its mission.
Keith SellarsPresident & CEO
Chad ShuskeySenior Vice PresidentResearch & Visual Communications
Tiffany ThackerDirector, Technology & Innovation
Julie Y. WeberDirector, Marketing
Damelia ShawDirector, Business Development
Daour DiawaraManager, Business Development
Renee KillianOperations Manager
Galen LawsonGraphic Designer
Matthew KruczlnickiResearch Analyst
Trevor GurgickBusiness Development Fellow
Staci CobleAdministrative Associate
STAFF
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14BOARD MEMBERS (FY 2014)
Deputy Mayor/Co-Chair Office of Deputy Mayor for Planning & Economic Development
Richard Lake/Co-Chair Roadside Development
Olivia Shay-Byrne/Vice Chair Reed Smith, LLP
Director of Business DevelopmentOffice of Deputy Mayor for Planning & Economic Development
Jennifer Eugene/Secretary Washington Gas
Joseph L. Askew, Jr., Esq. Verizon
Steven C. Boyle EDENS
Jean-Luc Brami Gelberg Signs
Kenneth Brewer H St. Community Development Corporation
Sean Cahill Property Group Partners
Donna M. Cooper Pepco
Daniel Duke Bohler Engineering
Angela Franco Greater Washington Hispanic Chamber of Commerce
Brett Greene American Management Corporation
Michael J. HaddadCapital One Bank
Carl Hairston M&T Bank
Stan Jackson Anacostia Economic Development Corporation
Norman Jemal Douglas Development Corporation
Greg Leisch Delta Associates
Chester McPherson DC Department of Insurance, Securities, & Banking
Rafael Muniz The JBG Companies
Lisa Mallory DC Building Industry Association
Thomas Nida United Bank
Chris Niehaus Microsoft
Scott Nordheimer Urban Atlantic/A&R Development Corporation
Greg O’Dell Events DC
Marc Ratner Streetsense
Eric E. Richardson DC Office of Cable Television
Rabbiah “Robbie” Sabbakhan DC Department of Consumer & Regulatory Affairs
Tara Scanlon Holland & Knight
Michael Stevens Capitol Riverfront BID
Robert Summers DC Department of Small & Local Business Development
Mitchell Weintraub Cordia Partners, LLC
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FINANCIALS
Year ended 09/30/13 (audited)
Year ended 09/30/14 (unaudited)
ASSETSCURRENT ASSETS
· Cash & Cash Equivalents $302,380 $589,313 · Accounts Receivable, Net $15,850 $222,311 · Prepaid $27,907 $80,835
Total Current Assets $346,137 $892,459Fixed Assets $195,603 $237,677Total Assets $541,740 $1,130,136
LIABILITIES & NET ASSETS CURRENT LIABILITIES
· Accounts Payable and Accrued Expenses $108,105 $159,683 · Deferred Income $45,000 $404,407Total Current Liabilities 153,105 $564,090
LONG TERM LIABILITIES
· Deferred Rent $175,143 $158,408Total Long Term Liabilities $175,143 $158,408
NET ASSETS
· Unrestricted Net Assets $113,404 $13,492 · Board Designated Net Assets $200,000 $200,000 · Net Income (Loss) $(99,912) $194,146
Total Net Assets $213,492 $407,638
Total Liabilities and Equity $541,740 $1,130,136
* Complete financial statements are available at the WDCEP.
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We are a non-profit, public/private partnership whose mission is to facilitate economic development through business retention and attraction activities. Through our network of partners we promote, inform, and position DC as a place for business. Entrepreneurs and artists, along with budding technology gurus and non-profit visionaries, all come to us for guidance and assistance in mapping out their strategies for success. Whether you plan to start a District-based business, make your existing business more competitive, wish to connect to development and retail opportunities, or simply want to use our research to make better-informed decisions, think of the WDCEP as your #1 economic development resource.
1495 F Street, NWWashington, DC 20004202.661.8670www.wdcep.com
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