Table of contents DC Market Overview Market Profile: Mount Vernon Triangle The MVT Corridor Demographic + Psychodemographic Profile Storefront Site

Transcription

1 1015 7th street

2 Table of contents DC Market Overview Market Profile: Mount Vernon Triangle The MVT Corridor Demographic + Psychodemographic Profile Storefront Site Plans Access + Visibility

3 WOODLEY PARK connecticut ave nw adams morgan 16th street 13th st nw SHAW / howard U georgia ave nw bloomingdale rhode island ave ne brookland 14TH & U STREET CORRIDOR midcity georgetown FOGGY BOTTOM DUPONT CIRCLE k st nw LOGAN CIRCLE massachusetts ave nw white house CONVENTION center EAST END 9th st nw CONVENTION CENTER NORTH MOUNT VERNON TRIANGLE verizon center new york ave nw north capitol st nw union station union market k st ne h street corridor florida ave ne DC MARKET OVERVIEW Washington DC is a city of unique, vibrant neighborhoods connected by a comprehensive and multi-modal mass transit system. Thanks to strong infrastructure and major employment generators, Mount Vernon Triangle, along with the District as a whole, is experiencing extensive growth in the residential, commercial, and entertainment sectors. The nation s capital with Mount Vernon Triangle as one of its most vibrant neighborhoods is widely recognized as one of the most progressive cultural and economic powerhouses in the nation. national mall constitution ave nw independence ave sw capitol hill eastern market / barracks row

4 MOUNT VERNON TRIANGLE A 24/7 neighborhood with abundant restaurants, entertainment destinations, office space, and residential living, Mount Vernon Triangle is fast becoming DC s new downtown. Easily accessible from the Red, Yellow, and Green Metro lines, the Triangle s entertainment and cultural destinations draw visitors from across the DC metro area and from around the globe. With thousands of employees and residents that call Mount Vernon Triangle home, the neighborhood has become the new place to be in the District. Over a dozen Zagatrated restaurants within a¼ mile radius. WINE + DINE 49,312 employees work within a ½ mile radius. WORK 220 events a year at the 20,000-seat Verizon Center from Lady Gaga concerts to Caps games. GO OUT More than one million people attended DC conventions, meetings, and tradeshows in Access to six Capital Bikeshare stations and three Metro lines within a ½ mile. Multiple VIDA Fitness locations and high intensity gym District CrossFit just blocks away. More than 4,200 residential units recently developed or being developed in a ½ mile. MEET GET AROUND GET PUMPED LIVE

5 A B C D E F G H I KEY RECENT & FUTURE DEVELOPMENTS WITHIN ½ MILE CityCenterDC 295,000 SF Retail 515,000 SF Office 458 Apartments 216 Condominiums Marriott Marquis 1,175 Hotel Rooms Square 450 8,000 SF Retail 300,000 SF Office Square ,750 SF Retail 635 Mass Ave 18,000 SF Retail 450,000 SF Office 600 Mass Ave Retail Space 380,000 SF Office Square ,000 SF Retail 575,000 SF Office 550 K Street Retail Space 465 New York Ave 181 Hotel Rooms KEY TENANTS WITHIN ¼ MILE J K L M N O P Q R Yale Lofts 224 Apartments 460 New York Ave 63 Condominiums Meridian at MVT 390 Apartments 400 New York Ave 340 Apartments CityVista 115,000 SF Retail 244 Apartments 441 Condominiums 450 K Street 7,000 SF Retail 233 Apartments 440 K Street 9,500 SF Retail 234 Apartments 400 K Street 12,500 SF Retail 250,000 SF Office Arts at 5th & Eye 10,000 SF Retail 350 Hotel Rooms S T U V W X Y Z AA 459 Eye Street 170 Apartments Dept. of Veterans Affairs 26,353 SF Retail 361,647 SF Office 285,434 SF V.A. Office 300 K Street 25,000 SF Retail 500,000 SF Office 455 Mass Retail Space 250,000 SF Office 401 & 425 Mass 559 Apartments Madrigal Lofts 259 Condominiums 255 H Street 325 Apartments The Sonata 75 Condominiums Air Rights Tunnel Project 2,300,000 SF CORRIDOR MAP KEY Future & Recent Developments Entertainment Destinations Key Retail Capital Bikeshare Station Mount Vernon Triangle Boundary B 1 2 CONVENTION center C D CORRIDOR MAP Just north of retail and entertainment destinations F Street and Chinatown via 7th Street, the Mount Vernon Triangle neighborhood is coming into its own. Anchored by City Vista and its brand new Safeway grocery store, Mount Vernon Triangle is experiencing a wave of residential and mixed-use development, with K Street as its main street. G ¼ MILE I K N L J M ½ MILE Baby Wale th Street Corduroy th Street Subway th Street Passenger th Street Living Social th Street Taylor Gourmet 485 K Street Kushi 465 K Street Mandu 453 K Street VIDA Fitness 445 K Street Arnold & Porter 635 Massachusetts Ave RFD Washington 810 7th Street Fado Irish Pub 808 7th Street Starbucks 800 7th Street Matchbox 713 H Street Asian Spice 717 H Street A F E 18 H O P Q R S T V W X U Y Z 6 N.Y. Avenue Beach Bar 645 New York Ave 19 Acadiana 901 New York Ave 32 Cuba Libre 801 9th Street District CrossFit 635 New York Ave 20 FedEx 800 K Street 33 PNC Bank 833 7th Street 8 Safeway / Starbucks 490 L Street 21 Ping Pong Dim Sum 900 7th Street 34 Hooters 825 7th Street AA 9 Capital One th Street 22 VIDA Fitness/Starbucks 999 9th Street 35 Nando s Peri-Peri 819 7th Street Sweetgreen th Street Ace Hardware th Street Chipotle th Street Busboys & Poets th Street Blackboard 650 Massachusetts Ave Cafe Phillips 650 Massachusetts Ave TD Bank 901 7th Street Goethe-Institut 812 7th Street Walgreen s / Panera Bread 801 7th Street Vapiano 623 H Street AMER. ART MUSEUM + NAT L PORTRAIT GALLERY VERIZON center NAT L BUILDING MUSEUM AA AA

6 DEMOGRAPHICS + PSYCHODEMOGRAPHICS The demographic profile in the area is extremely strong, as is the growth rate, both past and projected. With continued development in DC expected to remain strong especially in Mount Vernon Triangle these numbers will continue to move in a positive direction. Additionally, as more development moves into the area, the profile of the typical resident is changing. With a solid core of mature professionals, young urbanites with more expendable income to shop and dine out are giving the area a more youthful, hip vibe. pula on (20 POPULATION 2013 % Growth % Growth % Projected Growth $ AvG HH income 2013 median housing value 2013 DAYTIME opula on POPULATION ( QUARTER MILE 6, % 11.54% 15.89% $95,517 $426,488 10,406 HALF MILE 19, % 10.70% 15.18% $103,367 $422,676 49,312 WHILE DEMOGRAPHICS ARE FACTS AND FIGURES ABOUT INCOME, EDUCATION, POPULATION AND THE LIKE, PSYCHODEMOGRAPHICS INDICATE THE TRUE NATURE OF HOW A POPULATION LIVES. BOhemian mix 2,501 HOUSEHOLDS* A collection of mobile urbanites, Bohemian Mix represents the nation s most liberal lifestyle. Its residents are an ethnically diverse, progressive mix of young singles, couples, and families ranging from students to professionals. In their funky row houses and apartments, Bohemian Mixers are the early adopters who are quick to check out the latest movie, nightclub, laptop, and microbrew. YOUNG DIGERATI 1,886 HOUSEHOLDS* Young Digerati are tech-savvy and live in fashionable neighborhoods on the urban fringe. Affluent, highly educated, and ethnically mixed, Young Digerati communities are typically filled with trendy apartments and condos, fitness clubs and clothing boutiques, casual restaurants and all types of bars from juice to coffee to microbrew. AMERICAN DREAMS 1,486 HOUseholds* American Dreams is a living example of how ethnically diverse the nation has become: just under half the residents are Hispanic, Asian, or African-American. In these multilingual neighborhoods one in three speaks a language other than English middleaged immigrants and their children live in upper-middle-class comfort. *In a half mile

7 the storefront

8 site plans lower level - 3,125 sf ground floor - 3,378 sf second floor - 3,302 sf 7th street

9 M STREET NW M STREET NW ACCESS + VISIBILITY 10th STREET NW 7,300 vpd 9th STREET NW l STREET NW CONVENTION center MT VERNON SQUARE 3,813 avg weekday riders 7th STREET NW 25,200 VPD new york ave nw K STREET NW th Street is easily accessed by several of the most important transportation corridors in the city 7th Street (known as Georgia Avenue to the north, and a direct connection to the East End entertainment core), New York Avenue / Route 50, Massachusetts Avenue, L Street, and K Street Mount Vernon Triangle s main street. Visibility is unobstructed from both the Convention Center and Mount Vernon Square. Access is also available via the Mt. Vernon Square / 7th Street-Convention Center Metro station and several Capital Bikeshare stations. 31,100 VPD 5th STREET NW 9,700 VPD massachusetts ave nw 2 WAY TRAFFIC 18,300 VPD SPECIAL VIEWS CAPITAL BIKESHARE

10 first floor window line first floor stairwell second floor rear second floor rear second floor window line second floor stairwell THE OPPORTUNITY th Street is a premier new property in Mount Vernon Triangle. Three stories and built in demand from the nearby Walter E. Washington Convention Center provide retailers and restaurateurs a one-of-a-kind opportunity be a part of it.

11 jared meier Andrew Poncher nick page