1904 RESTON METRO PLAZA RESTON, VA 20190

Transcription

1 1904 RESTON METRO PLAZA RESTON, VA 20190

2 FAIRFAX COUNTY VIRGINIA MARYLAND Washington DC Metro» Mid-Atlantic s largest metro region and nation s 6th largest metro region with more than 6 million people.» Among the nation s wealthiest metro area with a median household income of $93,294 compared to the national average of $51,939.» 49% of residents have at least a bachelor s degree, compared to the 30% national average.» 28th consecutive over-the-year employment gain 1

3 Fairfax County, VA» Over 1.1 million residents making it the most populous jurisdiction in Virginia and in the DC Metro region.» Second highest median household income in the country after neighbor Loudoun County.» Fairfax County has the largest professional, scientific, and technical service sector in the Washington, D.C. area.» A stable workforce with 3.6% unemployment rate compared to the national average of 5%. 2

4 Reston Station Mix Ashburn Population 68,885 Average HH Income $122,858 Median HH Income $114,078 College & Above 76% Herndon Population 42,741 Average HH Income $117,941 Median HH Income $105,402 College & Above 68% Reston Great Falls Population 18,785 Average HH Income $276,595 Median HH Income $225,699 College & Above 85% Population 58,404 Average HH Income $132,052 Median HH Income $106,896 College & Above 75% Chantilly/Dulles/ Centreville Population 141,480 Average HH Income $123,080 Median HH Income $118,991 College & Above 59% Oakton Vienna Population 63,836 Average HH Income $182,886 Median HH Income $143,312 College & Above 80% Population 25,444 Average HH Income $132,298 Median HH Income $120,640 College & Above 77% Tysons Population 48,577 Average HH Income $192,686 Median HH Income $141,393 College & Above 82% 3 3

5 The Numbers Reston Station 1 mile 3 miles 5 miles Population 9,393 87, ,122 Projected 5 Year Growth 43% 30% 5.50% Median Age Households 4,503 35,454 80,518 Average Household Income $120,994 $151,587 $169,231 Daytime Employment 23,991 76, ,388 *US Census Bureau and Ersi forecasts 4

6 Residential Market Apartments, Condos and Single-Family Homes: Reston has 134 cluster associations (townhome and patio home-style neighborhoods), 30 condominium associations and 4,800 single-family homes. There are also 17 apartment buildings in Reston, comprised of over 3,800 units. 18 MULTIFAMILY UNITS BLVD Reston 450 units 2. Aperture 421 units 3. Charter Oak Apartments 262 units 4. The Cosmopolitan at Reston Town Center 289 units 5. The Avant at Reston Town Center 359 units 6. The Harrison at Reston Town Center 360 units 7. Waterside 274 units 8. Reston Glen 200 units 7 9. Colvin Woods Apartments 259 units 10. Winterthur Apartments 300 units 11. The Apartments at Harbor Park 190 units 12. Avalon Reston Landing 400 units 13. Lerner Springs Apartments 364 units 14. ParcReston Condo 337 units Summer Ridge Condo 168 units 16. Midtown Condos at Reston Town Center 293 units 17. Mercer Condos 194 units 18. North Point Villas Condos 100 units Paramount Condos 100 units 20. Carlton House Condos 297 units

7 Future Development: Reston Station Neighborhood and Adjacent Properties Robert Fulton Drive Paramount Realty Group 76,000 s.f. office building 6. General Dynamics Headquarters New 190,000-square foot building 7. Jalla Site Girja Jalla Office/residential Business Center Drive TH Holding Company LLC Office building 9. Lake Fairfax Business Center Polinger Shannon & Luchs Office 10. Isaac Newton Square Peter Lawrence Co Residential, office, retail and park N Shore Drive Jefferson Apartment Group Redeveloping Tall Oaks Village Center with 156 units, 8,584 s.f. of retail and 5,809 s.f. of office 12. Commerce Park Redevelopment Vornado Redevelopment will add 500 residential units a 175 room hotel, a retail promenade and a new 400,000 s.f. office building. Will keep two of the existing office buildings Oracle BTS Site Oracle USA acre site. Planning a third office building that will be 203,000 s.f. Also have a proposed 457-unit apartment building Reston Signature Site Boston Properties Construction has started on a 19-story residential tower and a 21 storyresidential tower. They will include 508 units and deliver in 2018 The site will also include a 17-story office tower Reston Gateway Boston Properties Site plan approved for two 280,000 s.f. office buildings. Boston Properties will seek higher FAR and eventually want over 3.0 M s.f. of mixed use development Sun set Hills Roa d es T oll R oad Spectrum Development Lerner acre parcel. Plan 1.5 M s.f. of mixed use development that will include 7-story hotel, 10-story office, two residential towers, 200,000 s.f. office and expansion of Harris Teeter Reston Parkway (One Reston TownCenter) Akridge/RTC Partnership LLC 420,000 s.f. office tower that will be 330 feet tall and include 5 stories of parking and 18 stories of office. Will replace the existing 61,000 s.f. office building 21. Reston Crescent Brookfield Properties Planned redevelopment of two existing buildings. Will include 2,260 residential units, 1.2M s.f. of office, 64,000 s.f. of retail and a 160-key hotel Sunrise Valley Drive Sekas Homes Former API headquarters will be redeveloped into 34 townhomes and 10 condo units 2 3 Dull e Wiehle Avenue Michael Faraday JBG/1831 Wiehle LLC, EYA, Chevy Chase Land Company 17.5 acre site. Will redevelop existing buildings into 1.6 million s.f. mixed-use plan. Will include 1.2 million s.f. of residential, 230,000 s.f. of office, 250,000 s.f. of retail 14. Reston Heights American Real Estate Partners Site plan approved for 2.0M s.f. of development including 1.25M s.f. of office and 80,000 s.f. of retail 20 le A ven u Metro Center Drive Bozzuto/ Veatch 421 unit apartment building under construction. Will delivery in June Wi eh 2. Reston Station Comstock Partners 1.5 million square feet. 448 unit apartment building delivered ,413 s.f. office will deliver August Retail, residential and office under development Reston Heights JBG Four residential towers and one 16-story office tower. Under construction. It is a 385 unit apartment as well as 89,000 s.f. of retail Reston Parkw ay 1. Lincoln at Commerce Park Lincoln Property 260 unit apartment building will replace surface parking lot Sunris e Valle y Drive RTC West JBG Will add two residential buildings and two additional office buildings to the site. The second phase will include 675,000 s.f. of residential in two buildings, 650,000 s.f. of office in three buildings and ground floor retail Old Reston Avenue Renaissance Centro Planned 115 unit apartment building Colts Neck Road Atlantic Realty Companies 210 unit apartment building to begin construction in December /1831 Michael Faraday Drive site Pulte Homes/Rooney 44 residences 27. Reston Summit JBG Planning an additional 300,000 s.f. of office 28. Triangle Park Linden Development 6.3 acre site. Plans for office, retail and residential 29. Reston Town Center North 49 acre site. Will include housing, retail, a new library, health services building and 90,000-s.f. indoor recreation center 30. Sunrise Technology Park CoreSite Realty Plan to convert one 48,000 s.f. building into data center and build two additional 92,000 s.f. buildings. Total buildout will include 660,000 s.f. of data centers 31. Isaac Newton Square Commercial Condominium Management Company 3.0 acre site. Redevelop to a 392,600 s.f. apartment building with 413 units Sunrise Valley Drive Redevelopment Rooney Properties 54 townhomes 34. Excelsior by Lerner 2 15-story residential buildings with 457 units 32. Sunset Hills Professional Center Comstock Retail, residential and office 6

8 Reston Station Neighborhood 7

9 Reston Station Neighborhood 3 5 Million SF Mixed Used Development 2 Million SF Class A Office 300,000 SF Restaurants, Shops, and Retail 250 Key Full Service Hotel 200 Key Boutique Hotel Residential Units 100+ per hour Commuter Bus Terminal 2,300 Dedicated Commuter Parking Spaces 5,000+ Residential, Retail, Office, and Hotel Parking Spaces 8

10 Improved Road Network and Existing Traffic Counts Sunset Hills Road 24,000 (2014 ADT) Wiehle Avenue 35,000 (2014 ADT) Dulles Toll Road (Rt. 267) 114,000 (2014 ADT) 9

11 Public Benefits of Improved Road Network 10

12 Planned Streetscape Improvements Reston Station Boulevard 11

13 Reston Station: The Heart of the Reston Station Neighborhood 12

14 About Reston Station» Total Development Area: 17.5 acres» Directly above Wiehle Reston East Metro» Equidistant from Tysons and Dulles Airport» One mile to future General Dynamics headquarters BLVD OB1 WIEHLE AVENUE OB3 OB2 DULLES TOLL ROAD Metro 13

15 HS1 169 SF H SF HS2 188 SF Reston Station Site Plan IMMEDIATE DELIVERY Suite A 90' 22' 18' 1,981 SF IMMEDIATE DELIVERY RESIDENTIAL UNITS RESTON STATION ELEV #7 HOTEL 1904 RESTON METRO PLAZA RESTON STATION BOULEVARD ELEV FUTURE STAIR UTILITY ROOM FUTURE STAIR ELEV #6 FUTURE HOTEL LOBBY IMMEDIATE DELIVERY 10,561 SF 1908 RESTON METRO PLAZA Suite B ±1,500 SF Suite C Suite D 1900 RESTON METRO PLAZA SERVICE CORRIDOR ±3,000 SF Suite E (1,890 SF) STAIR B FUTURE DELIVERY SERVICE DOOR 1902 RESTON METRO PLAZA 7,214 SF 8 OFFICE LOBBY 3,477 SF KIOSKS DELIVERY ' 2,024 SF 82' 2,477 SF EVENT STAGE 4,561 SF 83' 53' 3,577 SF 34' 77' 2017 DELIVERY 55' 34' 8,569 SF 110' 150' WIEHLE AVENUE OPEN TO BELOW 1906 RESTON METRO PLAZA OPTIONAL MEZZANINE SPACE METRO Executed Lease Negotiating/Awaiting Lease Hotel Lobby Residential Negotiating LOI Residential/Office Lobby RAMP TO TOLL ROAD Anticipating LOI/Available Retail 14

16 Onsite Parking Reston Station s mission to provide an efficient transportation system extends far beyond the Silver Line. Park X boasts 1000 underground parking spaces and state-of-the-art electric vehicle charging stations. Additionally, the county lot holds another 2300 parking spaces. Reston Station is a great starting point for adventures all around Virginia buses per hour Bus Depot DO NOT ENTER PARKING ENTRANCE: BLVD Leasing & Visitor Starbucks Retail RESTON STATION BOULEVARD TO PLAZA Stay to the right, pass the Kiss & Ride to the back entrance BLVD BLVD BLVD BLVD BLVD BLVD G1 Level Down to G2 crane cage WIEHLE AVENUE ELEVATORS & STAIRS Up to P1 Down to G2 H2 H1 P1 Level Walkway To Plaza, BLVD & Starbucks RETAIL BLVD LEASING ZIP RESERVED PARKING From G1 P1 Level P1 Level 15

17 Retailer Profiles It s a fresh retail revolution packed with talent, innovation and attitude that puts creativity and energy where it belongs in the neighborhood, on the plaza, and accessible to everyone. A unique mix of food, fashion, lifestyle and entertainment. Urban Pop Pearl Fine Teas pearlfineteas.com (Fine Tea Boutique) Citizen Frederick citizenfrederick.com (High End Barber Shop) Wuayra Peruvian Jewelry wuayra.com (Fine Jewelry) Scrawl Books scrawlbooks.com (Independent Book Store) Casero Creations caserocreations.com (Baked Goods) Paradise Springs Winery paradisespringswinery.com (Winery & Vineyard) Bon Bon Decor bonbondecor.com (Children's Decor) El Ceibo Chocolate elceibochocolate.com (Gourmet Chocolates) 16

18 Project Design: The Plaza A versatile space to experience music, movies under the stars, bustling farmers markets, yoga classes, festivals, and celebrations. 17

19 Project Design: Office 1900 Reston Metro Plaza: 365,000 SF Class A Trophy Office designed by internationally renowned architect, Helmut Jahn Office Building 2: 250,000 SF Class A Office with dedicated parking and 2-story plaza level retail Office Building 3: 150,000 SF Class A Office with dedicated parking and 2-story plaza level retail 18

20 Project Design: Office The only fully integrated Transit-Oriented Development in Northern Virginia. 19

21 Project Design: Residential Experience the first residence of its kind towering above the Silver Line. Featuring luxury studio, one, two and three bedroom + den apartments. BLVD Reston Station sets a standard for transit-oriented living in the Metropolitan Washington Region. 20

22 Project Design: Hotel Full Service Hotel: Comstock is working with its design team on plans for a full service hotel that will include 250 rooms and unrivaled amenities including multiple ballrooms, meeting rooms and community spaces, fitness facilities, spa, upscale retail, and world-class restaurants. Located within steps of the Silver Line Metro Station and boasting commanding views of the surrounding area and the Blue Ridge Mountains, Reston Station s iconic hotel will be the most exciting place to meet, dine, entertain, and relax in the Dulles Corridor. Boutique Hotel: Situated above Founding Farmers on the Reston Station Plaza, this 200 room intimate design-led property will provide guests with ultra-personalized service and accommodation. The decor will play a major role in adding the right amount of individuality and setting a thoughtful ambiance throughout. High-quality materials, designer furnishings, and quirky touches will be used to create a memorable visual experience, while bespoke amenities like a generous pillow menu, plush baths, or handmade organic toiletries contribute to an atmosphere of comfort and luxury. 21

23 Project Design: Outdoor Stage The outdoor stage comes alive with concerts, movies, and events. 22

24 Phase II: Reston Station Promenade 23

25 Site Plan OB1 OB2 Metro OB3 BLVD Phase I: Reston Station Phase II: Reston Station Promenade Aperture Apartments Bozzuto 24

26 Illustrative Site Plan SUNSET HILL ROAD WIEHLE AVE METRO CENTER DR RESTON STATION BLVD 25

27 Proposed Street Network SUNSET HILL ROAD RESTON STATION BLVD 26

28 Proposed Land Use and Density PROGRAM DENSITY PARKING RATIO RESIDENTIAL RETAIL OFFICE/HOTEL PARKING 540,000sf 80,000sf 160,000sf Below grade 1.4/unit = /1,000sf = /1,000sf = 416 n/a TOTAL 780,000sf 1,576 spaces 27

29 Publicly Accessible Parks and Amenities MAIN STREET MUSE STREET URBAN PLAZA 28

30 Precedents: Main Street PRECEDENTS Main Street 29

31 Precedents: Muse PRECEDENTS Muse 30

32 Precedents: Urban Plaza PRECEDENTS Urban Plaza 31

33 Appendices 32

34 Welcome to Reston Station The only fully integrated Transit-Oriented Development in Northern Virginia Reston Station, Northern Virginia s most anticipated mixed-use, transit oriented development is quickly becoming the urban focal-point of the Dulles Corridor. Spanning more than 35 acres located at the threshold of one of the busiest Metro Stations in the Washington, DC area, the Reston Station neighborhood is already home to more than one million square feet of office space and the BLVD luxury tower. The new urban landscape is transforming the area with numerous Trophy-Class and Class-A office towers, thousands of new residential units, world class hotels, and a growing list of high quality restaurants, retailers, and regularly scheduled community activities. Strategically located midway between Dulles International Airport and Tyson s Corner, the urban core of Reston Station sits atop the only fully integrated transit facility in Northern Virginia. Reston Station accommodates upwards of 25,000 daily commuters (over 5 million annually) with more than 3,500 underground commuter parking spaces, an indoor transit bus facility that accommodates more than 100 commuter buses per hour, numerous state-of-the-art electric vehicle charging stations, and abundant bike storage facilities. With world class architecture, an unmatched level of services and convenience, and trend setting amenities and community spaces perched directly above the Dulles Corridor s only Metro rail transit facility, Reston Station provides a unique opportunity for high profile corporate offices, and highly visible retail, restaurant and entertainment venues. 33

35 Reston Station The Urban Focal-Point of the Dulles Corridor As the gateway to the Silver Line Metro rail, Reston Station represents a unique opportunity for brand conscious retail, entertainment and service establishments to capture the attention and imagination of 25,000 daily (more than 5 million annually) commuters and pedestrian visitors and more than 150,000 vehicles passing by daily. Urban Pop A fresh retail revolution packed with talent, innovation and attitude that puts creativity and energy where it belongs in the neighborhood, on the Metro plaza, and accessible to everyone. A fusion of lively urban street markets and entertainment backdrops, where Restonians and others come to meet. Hip eateries, boutiques, microbars, and up-and-coming performers define an inspiring and enjoyable place to drop-in and hang out into the night. Live entertainment featuring local artists on the outdoor stage a versatile space designed for community gatherings, festivals, and celebrations. Something different, something unique, and always evolving. Founding Farmers The values of the American family farmer are at the heart of all we do at Founding Farmers. We believe that everyone should be able to enjoy high quality food that is delicious, and grown with care. Coming Soon! Starbucks We ve always been your neighborhood morning stop a place to help you start your day. Now we re bringing a little delight to your evenings too. Our Starbucks evenings menu features a thoughtful selection of wine and craft beer alongside the signature coffee and tea beverages you know and love. 34

36 1900 Reston Metro Plaza Iconic Offices The first of three iconic office towers, designed by internationally renowned architect, Helmut Jahn, is now rising above the Reston Metro Plaza on a spec basis, demonstrating Comstock s vision and commitment to the Reston Station neighborhood. The inspired design of these unique office towers incorporates bold, iconic gestures in geometry and form, while providing every imaginable amenity and service that office users demand today. With ample secure, reserved parking and direct access to Metro, these high profile office towers provide one of the most sophisticated office environments in the entire Washington, DC region. Located at the heart of the burgeoning urban landscape and lifestyle neighborhood, Reston Station provides something for everyone within steps from the front door of 1900 Reston Metro Plaza. 550,000 square feet on Reston Metro Plaza Dulles Toll Road signage opportunity Founding Farmers, Starbucks, and more upscale, smart casual dining options Roof top amenity patio and serving kitchen and in-building fitness facility Strategically located midway between Tyson s and Dulles International Airport Silver Line Metro provides seam-less connectivity to downtown Washington DC and two major airports On-site housing options including luxury rentals and upscale condominiums Exclusive full-service and boutique hotels coming soon Nearby corporate offices include Oracle, Microsoft, Rolls Royce, BAE Systems Metro + Metropolitan lifestyle for office users, shoppers, diners, residents, commuters, and hotel visitors 35

37 BLVD Luxury Apartments Sensational Living above the Silver Line Exclusive residences towering above the Silver Line Metro Station and the Reston Station Plaza provide the finest metropolitan living. With market defining style, and trendsetting amenities, BLVD Reston Station provides an incredibly convenient lifestyle and an opportunity to LOVE WHERE YOU LIVE! BLVD Reston Station amenities include: Rooftop club room, game rooms, pool, fire pits, outdoor cooking stations, garden plaza, and fitness center with unmatched views of the Reston and Tyson s skylines, Sugarloaf Mountain and more Fully equipped business center (Apple and Microsoft equipped) Secure building with 24 hour concierge service & LEED Silver design Culinary-inspired kitchens with beautiful cabinetry, quartz countertops, porcelain backsplashes and stainless steel appliances Direct-to-floor programmed, high speed elevators Secure, garage parking with reserved spaces and electric car charging stations available Exclusive BLVD Reston Station bicycles for resident use A dynamic destination created by the combination of a fresh retail revolution packed with talent, innovation and attitude in the neighborhood, on the Metro plaza, and at your doorstep. The fusion of established upscale restaurant, lively hang-out, meet-up and live. Something different, something unique, something for everyone. 36

38 Next Realty Mid-Atlantic Andrew J. Rose 1886 Metro Center Dr, Reston, VA comstockcompanies.com Nicholas Clemente (703) Christine Masney (301)

39 1904 RESTON METRO PLAZA RESTON, VA RESTONSTATION.COM facebook.com/restonstation twitter.com/reston_station