901 H Street, NE Washington, D.C.

Transcription

1 901 H Street, NE Washington, D.C.

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3 AVEC The eight story building echoes the vibe of the neighborhood in design, amenities and convenience. Avec offers 44,000 of street front retail opportunity complemented by 420 stylish residential units above.

4 420 Residential Units 44, Street Front Retail Structured Parking Spaces (125 Dedicated to Retail)

5 100 K STREET 222 Units 2,000 Retail STOREY PARK MIXED-USE 460 Units 65,000 Retail 282,000 Office UNION PLACE 525 Units 10,000 Retail L STREET NE ARIA 60 Units FLORIDA AVE THE APOLLO 432 Units 70,000 Retail WEST VIRGINIA AVE BURNHAM PLACE AT UNION STATION MIXED-USE 1,200 Units 100,000 Retail 1,500,000 Office 2ND ST NE I STREET NE 215 I STREET 476 Units 3RD ST NE K STREET NE 360 H STREET 215 Units 72,000 Retail H STREET NE 4TH ST NE 5TH ST NE 6TH ST NE 32,000 Co-worker Space 7TH ST NE 7/H STREET 23 Condos 14,368 Retail 8TH ST NE 9TH ST NE 10TH ST NE 11TH ST NE 12TH ST NE STATION HOUSE 378 Units 20,000 Retail STATION PLACE OFFICE 1.5 Million Office G STREET NE F STREET NE 301 H STREET 25 Units 5,000 Retail UNION STATION 35,691 Weekday Riders 3.8 Million Amtrak users annually 13,099 Weekend Riders 2.2 Million Bus Rider Connections Annually 501 H STREET 28 Units 5,148 Retail ANTHOLOGY 307 Units 10,000 Retail 420 Units 44,000 Retail CAPITOL HILL TOWERS 204 Units 1115 H STREET 16 Units MARYLAND AVE

6 BUILT-IN CORE ON H STREET Recent development projects have transitioned the H Street Corridor into a desirable residential district populated with highly educated, young professionals primarily within the age range of the millennials. Avec is centrally located on this mile-and-a-half corridor where about 60% of housing units are renter-occupied, compared with about 36% metro wide. The influx of new residents has kept vacancy rates low, in the 3% range, and propelled rent growth that ranks in the tops 10% of DC submarkets*. With a 34% forecasted inventory growth adding density to the 6,500 existing households, retailers will benefit from this built-in residential core that desires walkable goods and services. *Source: CoStar

7 Storey Park 460 Burnham Place at Union Station 1,200 Station House 96% 378 Units 2 ND STREET 2 ND STREET 100 K Street 222 I STREET Senate Square 95% 432 Units Aria 95% 60 Units 3 RD STREET 3 RD STREET 301 H Street 100% 25 Units Union Place H Street 96% 60 Units 360 H Street 96% 215 Units 4 TH STREET 4 TH STREET 4 TH STREET M STREET Coda on H TH STREET K STREET 5 TH STREET 501 H Street 46.4% 28 Units 5 TH STREET 6 TH STREET Loree Grand at Union Place 93.4% 182 Units 6 TH STREET H STREET 6 TH STREET The Apollo 96% 432 Units Anthology 94.1% 307 Units FLORIDA AVE NE L STREET F STREET E STREET D STREET 7 TH STREET 7 TH STREET GALLAUDET UNIVERSITY WEST VIRGINIA AVE NE 8 TH STREET 7 H 23 G STREET 8 TH STREET 9 TH STREET Ashton Park TH STREET BOOMING GROWTH The newly delivered unit average occupancy of 92.7% complements the density of the existing 6, TH STREET 10 TH STREET 11 TH STREET H STREET 11 TH STREET 1115 H Street 100% 16 Units 12 TH STREET households in the H street corridor. FLORIDA AVE NE I STREET MARYLAND AVE NE 13 TH STREET The Collins 8 The Lucille 9 D.C. Streetcar Stops Newly Delivered Under Construction 1341 H Street 9 The RL Christian Apartments 9 TRINIDAD AVE 1375 H Street 27 The Maryland 99% 84 Units Constellation on H 28

8 SITE MAP AVEC FLOOR PLAN RAMP AND RAISED SLAB BY FUTURE TENANT 111' - 0 3/8" EXIT EXIT RES ONLY RES ONLY EGRESS ONLYEGRESS ONLY 54' - 3 3/8" 54' - 3 3/8" 5' - 0" 5' - 0" 111' - 0 3/8" 1 14'-9" CLR* 14'-2" CLR* 36' - 7" 36' - 7" 51' /8" 45' - 8" 88' - 5 1/4" 80' - 0 3/4" RES ONLY OUT 5% 10% 18% ONLY OUT RES ONLY IN ONLY IN SERV. SERVICE CORRIDOR POTENTIAL SERVICE CORRIDOR- 176 ONE WAY ONE WAY ,217 1,316 2,404 2,457 2,077 15'-3" CLR* 15'-9" CLR* 15'-9" CLR* 16'-3" CLR* 16'-3" CLR* 14'-7" CLR* 15'-1" CLR* 15'-1" CLR* 15'-6" CLR* 15'-6" CLR* 28' - 7" 27' - 10" 27' - 7" 23' - 1" 32' - 11" 28' - 7" 27' - 10" 27' - 7" 23' - 1" 32' - 11" EL 37.75' EL 37.25' THIS AREA OF SLAB AT EL 37.75' (6" EL 37.25' ABOVE REST OF I1) ALTERNTE ENTRY POINT FOR REMAINDER OF THE SLAB 6" TO ALIGN WITH 37.75' ELEVATION * CLEAR DIMENSIONS (CLR) ASSUME 2'-0" FOR PIPING ABOVE CLEAR HEIGHT * CLEAR DIMENSIONS (CLR) ASSUME APPROX 2'-0" FOR PIPING ABOVE CLEAR HEIGHT 23' 23' - 9 3/8" - 9 3/8" OUTDOOR PATIO SPACE 86' - 7 1/4" 4 86' - 7 7/8" 86' - 7 7/8" ,822 BOXES 10'x20' BOXES 10'x20' 70' - 0 3/4" 30' 30' TRUCK TRUCK EAST LOADING EAST LOADING 48" DOCK 48" DOCK 7 1, '-10" CLR* 16'-6" 28' CLR* - 0" RES. EAST TRASH RES. EAST TRASH TRASH TRASH RES. DOCK POTENTIAL SERVICE RES. DOCK CORRIDOR- 345 E6 E5 E4 E5 28' - 0" 42' - 1.5" EL 36.79' FCR 96 FCR 96 EL 37.00' NOTE WOULD NEED TO CREATE A MINOR RAMP AT DOOR TO MEDIATE THE 2.5" DIFFERENCE OR RAISE ENTIRE SLAB 50' 50' /8" LOADING LOADING 8 1, '-1" CLR* 16'-9" 42' - 1 CLR* 1/2" E6 E4 LOBBY 17'-3" LOBBY CLR* 17'-3" CLR* ONLY OUT ONLY OUT 91' - 10" - 10" 33' - 11" 27' - 0" 82' - 7 3/8" SERV. SERVICE CORRIDOR MECH. EQUIP PLAT ABOVE (MIN 10' CLR BELOW) 55' - 5" 114' - 1 3/4" 21' - 21' 9 1/2" - 9 1/2" 55' TRUCK 55' TRUCK 55' TRUCK 55' TRUCK 28' - 0" WEST WEST LOADING LOADING DOCK DOCK 42" 42" DOCK DOCK 7' - 7' 6" - 11" WEST WEST TRASH TRASH BOXES BOXES E2 E1 E2 E1 19' - 2" 22' - 3" 28' - 11" ONE WAY ONE WAY ONLY IN ONLY IN EGRESS CORR EGRESS CORR SERV. SERVICE CORRIDOR ' - 0" 5' - 0" 106' - 0" 5' - 0" EGRESS EGRESS 49' - 8" , , , , ,147 1, , ,532 16'-7" CLR* 16'-7" CLR* 17'-2" CLR* 17'-3" 33' - 11" CLR* 17'-3" 27' - CLR* 0" EL 35.75' EL 35.75' OUTDOOR PATIO SPACE 114' - 1 3/4" 17'-4" CLR* 17'-7" CLR* 17'-7" CLR* 18' 55' CLR* - 5" 18' 28' CLR* - 0" 18'-3" 19' - 2" CLR* 18'-3" 22' - 3" CLR* EL 34.75' EL 35.75' EL 35.75' NEW DOORS WORK WITH EL 34.75' EXISTING SLAB ELEVATION PREMISES 110' /4" 58' - 6 3/4" 17'-7" CLR* 18'-3" 28' - 11" CLR* NEW DOOR WORK WITH EXISTING SLAB ELEVATION 106' - 0" 103' - 1 1/8" 74' - 3" 17'-7" 18'-3" CLR* CLR* 49' - 8" OUTDOOR PATIO SPACE GARAGE GARAGE ENTRANCE ENTRANCE KEY ADDITIONAL ENTRANCES PARKING ACCESS EXHAUST SHAFTS AVAILABLE SPACE OUTDOOR PATIO ACCESSIBILITY «OMNQ qçêíá d~ää~ë rêä~åi=fååk NPOS e=píêééí=kbi OåÇ=cäççêIt~ëÜáåÖíçåI=a` OMMMO==OMOKOPOKPNPO VLOTLNT qloqf=d^ii^p=ro_^ki=fk`k 2014 T orti Gallas Urban, Inc H Street NE, 2nd Floor,Washington, DC in=j=obq^fi e=pqobbq 2,500 Daily Passengers - D.C. Streetcar Connection on 8th and H Street 125 Retail Parking Spaces 93 Walk Score 20,500 Vehicles Per Day

9 AN OPEN AIR OASIS ON H Outdoor Patio Space Increased footprint and visibility Bring a unique dining experience to the neighborhood Outdoor dining space can increase revenue by up to 65%* Surge social proof and grab the attention of passers *2013 Vucurevich Simons Advisory Group

10 ONSITE PARKING IN THE CITY H STREET N.E. STREET ACCESS STORAGE 25 SPACES FCR 96 VAN 12 COMPACT SPACES 7 SPACES STORAGE WEST GREASE INTERCEPTOR GARAGE INTAKE PARKING ENTRANCE GARAGE ENTRANCE 6 SPACES 74' - 3" 49' - 8" EGRESS FANS EGRESS CORR 106' - 0" ONLY IN ONE WAY 28' - 11" ,095 4,532 17'-7" CLR* 17'-7" CLR* 22' - 0" 103' - 1 1/8" 4 SPACES 6 SPACES SERVICE CORRIDOR ONLY IN 20' - 0" 20' - 0" 58' - 6 3/4" 5' - 0" 22' - 3" 17'-7" CLR* E1 19' - 2" E2 BOXES WEST TRASH 17'-7" CLR* ,147 1, COMPACT SPACES ELEV CLO EL 21.50' 7' - 6" WEST LOADING DOCK 42" DOCK 28' - 0" 55' TRUCK 55' TRUCK 55' - 5" SERVICE CORRIDOR 21' - 9 1/2" 114' - 1 3/4" 27' - 0" 33' - 11" ,168 2,134 6,341 3,302 16'-7" CLR* 17'-2" CLR* 17'-4" CLR* 110' /4" 4 SPACES ENTRANCE GATES PA OFFICE 16' - 0" ONE WAY ELEC 82' - 7 3/8" 50 BIKE PARKING SPACES EXIT GATES 91' - 10" ONLY OUT ONLY OUT 16'-7" CLR* 11 SPACES LOBBY 17'-3" CLR* GARAGE UTILITY CORRIDOR EXHAUST GENERATOR FANS TELECOM EPSS RM ELEC RM SHOWERS FOR BICYCLISTS EL 21.50' E4 E6 E5 RES. DOCK 42' - 1 1/2" 16'-1" CLR* RES. TRASH 50' - 0 3/8" EAST TRASH 48" DOCK EAST LOADING 30' TRUCK 10'x20' BOXES 23' - 9 3/8" ONE WAY ONLY OUT SERVICE CORRIDOR ONLY IN 80' - 0 3/4" EGRESS ONLY 54' - 3 3/8" * CLEAR DIMENSIONS (CLR) ASSUME APPROX 2'-0" FOR PIPING ABOVE CLEAR HEIGHT RES ONLY EXIT 8 1,895 4 SPACES LOADING 28' - 0" 15'-10" CLR* 7 1,572 70' - 0 3/4" 32' - 11" 15'-6" CLR* 6 2,822 86' - 7 7/8" 23' - 1" 15'-6" CLR* 5 2,077 86' - 7 7/8" 27' - 7" 15'-1" CLR* 27' - 10" 15'-1" CLR* ,217 1,316 2,404 2,457 86' - 7 1/4" 5' - 0" 28' - 7" 14'-7" CLR* 20' - 6" 1 SPACE 12 COMPACT SPACES 20' - 0" 20' - 0" 20' - 0" 11 COMPACT SPACES ELEC 8 SPACES 1 SPACE 45' - 8" 36' - 7" 14'-2" CLR* GAS METER RM WATER PUMP RM 3 SPACES FANS 111' - 0 3/8" EAST GREASE INTERCEPTOR GAR. INTAKE AVEC FLOOR PLAN CONVENIENT FOR CUSTOMERS TO VISIT AND STAY arking Level - G1 TORTI GALLAS URBAN, INC. 125 GROUND LEVEL DEDICATED PARKING SPACES Floor Accessible* Standard Compact Total G1 Level *Accessible spaces calculated per IBC Retail - 5 spaces ( spaces provided) = van + 4 Accessible 0' 25' 50' 100' 014 T orti Gallas Urban, Inc H Street NE, 2nd Floor,Washington, DC /22/17 H STREET R2

11 DEMOGRAPHICS (2016, 1-mile) TOTAL POPULATION 57,500 EMPLOYEES 53,408 AVERAGE INCOME $114,049 CONSUMER EXPENDITURES ($ = 1,000 s) APPAREL $299,880 ENTERTAINMENT $576,848 EATING OUT $613,275

12 AVEC CONSUMER SOCIOECONOMIC TRAITS * LAPTOPS AND LATTES TRENDSETTERS WHO WE ARE Laptops and Lattes residents are predominantly single, well-educated professionals in business, finance, legal, computer, and entertainment occupations. They are affluent and partial to city living and its amenities. Neighborhoods are densely populated, primarily located in the cities of large metropolitan areas. Many residents walk, bike, or use public transportation to get to work while many work from home. Residents are more interested in the stock market than the housing market. Laptops and Lattes residents are cosmopolitan and connected technologically savvy consumers. They are active and health conscious, and care about the environment. WHO WE ARE Armed with the motto you re only young once, Trendsetters residents live life to its full potential. These educated young singles aren t ready to settle down; they do not own homes or vehicles and choose to spend their disposable income on upscale city living and entertainment. Dressed head to toe in the most current fashions, their weeknights and weekends are filled discovering local art and culture, dining out, or exploring new hobbies. Their vacations are often spontaneous, packed with new experiences and chronicled on their Facebook pages. *ESRI 2017

13 IN D.C. YOU FEEL THE POWER ON H STREET YOU FEEL THE VIBE Millennials and artists flock to this vibrant social scene with many restaurants, retailers and performance venues including Whole Foods, We Work Labs, Atlas Performing Arts Center, Rock & Roll Hotel and Maketto and The Argonaut. Avec answers the demand for authentic experiences in residential living, shopping and entertainment. JOIN

14 More than an address, H STREET is a moment, a mood, a memory, a mystery. It s all of that in truth, H STREET cannot be described or defined; it must be EXPERIENCED. There s cuisine to be tasted. Fashions to be acquired. Performances to applaud. Streetcars to ride. Above all, there are CONNECTIONS to be made. EXPERIENCED CONNECTIONS

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16 Will Collins Alex Shiel Zach Elcano rappaportco.com