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0 Fifth and I Community Presentation December 19, 2013

Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Page 1: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Fifth and ICommunity PresentationDecember 19, 2013

Page 2: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Team Overview

Jefferson MarketPlace – 1500 7th Street NW Jefferson at Penn Quarter – 616 E Street NW

14 W – 1315 W Street NW

Jefferson Apartment Group+ More than 18,000 residential

units developed across 60 projects at a value of $3 billion

+ 2,600 residential units developed in DC since 2003

Page 3: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Team Overview

Gallery Place Burnham Place

Half Street SE

Akridge+ 13 million square feet of office,

residential, and mixed-use developments valued at $3.5 billion

+ 40 year experience with focus on downtown’s East End

Page 4: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Team Overview

The Jarvis Companies+ 15 years of experience with

place-making, mixed-use developments and investments in DC

Progression Place – 1825 7th Street NWCity Center DC

Hine School – 7th and Pennsylvania. Ave SE

Page 5: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Team Overview

Eastern Market Metro Plaza Study

The Whitman – 910 M Street NW

Esocoff & Associates+ Award winning design team

responsible for some of the most distinguished residential buildings in DC

400 , 401, 425 Mass. Avenue400 Massachusetts Avenue

Page 6: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Development Program

13-Story Mixed-Use Project

208 Multifamily Units+ 187 Market-Rate Units+ 21 Affordable Dwelling Units

8,000 SF Retail+ 4,000 SF Market Retail+ 3,000 SF Day Care+ 1,000 SF Community Space

Underground Parking Garage+ 124 Spaces

LEED Silver Certification

Project Summary

View of rooftop at 5th and I corner

Page 7: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Project Design

View from Southwest

Page 8: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Project Design

Unit terraces, rooftop garden, pool deck, and green roof

Page 9: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Project DesignView of retail at 5th and I corner

Page 10: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Project Design

View of public space & proposed Milian Park improvements

Page 11: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Project Design

Typical Floor Plan

Page 12: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Project Design

Ground-Level PlanGround-Floor Uses+ Residential lobby

and amenities+ Neighborhood-serving

retail+ Alley-fed loading and

garage access

Prospective Retail Tenants+ Day care+ Restaurant/café + Pet supplies+ Boutique clothing+ Bakery

Page 13: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Flexible Community Gathering Space+ 1,000 SF of dedicated retail space for

civic meetings/events offered at no cost

Affordable Dwelling Units + 21 units (10 at 60% AMI and 11 at

80% AMI).

Community Development Fund/Grant+ $100,000 set aside for local civic and

non-profit groups in need

Local Serving Retail & Businesses+ Commitment to incorporating

neighborhood-serving retail and local businesses at discounted rents into project

Community Benefits

Comprehensive package developed with input from ANC 6E, MVT CID, and MVSNA

Page 14: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Improvement of Existing Community Park Space+ Partnership with National Park

Service to enhance Milian and Seaton Parks

+ $200,000 set aside to redesign and reprogram with active uses

Community Benefits

Seaton Park

MilianPark

MVT Park Endowment Fund+ Commitment to making $200,000

contribution to new fund to secure additional community park space and maintain existing open spaces

Page 15: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Community Benefits

Active Public Space+ Corner restaurant with

outdoor seating+ Linear park concept with

bench seating, bike racks, and expanded planting areas

Flexible Street Space+ Specialty paving to

encourage alternate uses & connection to Milian Park

Reprogrammed Park+ Public art to identify

neighborhood+ Active programming options

to appeal to children+ Specialty paving and

seating options

Page 16: Fifth and I Community Presentation - | dmped · Presentation December 19, 2013. 1 Team Overview ... 14 W – 1315 W Street NW Jefferson Apartment Group + More than 18,000 residential

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Closing