GREENWATER. June 20, 2011

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GREENWATER

GREENWATER PROJECT OVERVIEW

2nd Street District Which Wich? St. Bernard Sports AMLI on 2ND Leasing OĚce 32' - 6" DN UP Estilo Bang & Olufsen DuO Crú Jo s Hot Coėee Girl Next Door Second Bar & Kitchen Berry Austin 2go PUBLIC PARKING SILICON LABS THE ASHTON SILICON LABS Residential Tower UP DN UP 42' - 6" Loading 160' - 0" 100 CONGRESS Residential Tower Amenity 10,500 sf 250' - 0" III Forks CESAR CHAVEZ GREENWATER Design Within Reach Bar Congress CITY HALL Loading 2,000 sf UP Amenity 6,500 sf Teddies for Bettys 90' - 0" 102' - 0" 15,500 sf AUSTIN CHILDREN S MUSEUM Loading 40' - 6" VALET PARKING 78' - 6" 121' - 0" SHOAL CREEK PUBLIC PARKING UP 8,500 sf Eliza Page Austin Java Anne Moore Austin Visitors Center MISSBEHAVE Taverna 2ND STREET Cafe Medici THE AUSTONIAN Prize tart Lofty Dog teuscher Froots TRACE Langford Market Plain Ivey Jane BoConcept gallery d Málaga Tapas & Bar Austin MacWorks how do you roll? Wee Finch 42' - 0" 42' - 6" 60' - 0" Public Art Coal Vines ACL Live 170' - 0" POTENTIAL RETAIL milk + honey Spa CONGRESS 105' - 0" 4,500 sf COMPASS LEARNING COLORADO Public Art URBAN OUTFITTERS LAVACA 131' - 0" Bar Chi AMLI Downtown Leasing GUADALUPE 2ND STREET SAN ANTONIO Public Art 5,500 sf Violet Crown Cinema (Mezzanine) 75' - 0" Leaf 5,350 sf Lobby AMENITIES Malverde (Mezzanine) UP DW UP Entry Porch 100' - 0" Restaurant Bar 2,500 sf 1,500 sf Dr. Shane Matt, DDS Authentic Smiles DW 2,000 sf 74' - 0" 33' - 0" SHOPPING S tair 1 42' - 0" S tair 2 Hotel 1020 Glass Art AMLI DOWNTOWN OĚce Tower La Condesa (Street Level) MAP KEY Peyton s Place PUBLIC PARKING Lamberts Boutique W Bars Living Room Front Porch Records Room Secret Bar W HOTAL AUSTIN AMLI on 2ND PUBLIC PARKING RETAIL delish Cantina Laredo BALLET AUSTIN mercury design studio AUSTIN MUSIC HALL DINING Savoir Beds Royal Blue Grocery Restaurant Cathy s Cleaners 3RD STREET SALON by Milk + HOney 3RD STREET Mama Fu s Asian House CESAR CHAVEZ HIKE & BIKE TRAIL HIKE & BIKE TRAIL LADY BIRD LAKE LADY BIRD LAKE Page 4 Project Overview

Site Plan 5TH STREET Future Federal Courthouse Republic Square Park Plaza Frost Tower 4TH STREET Future Condo 360 Condo NEUCES ST State of Texas Parking Garage Travis County Civil Courthouse / Mixed Use State of Texas Office Building 3RD STREET eaholm velopment Future Austin Central Library Austin Music Hall Block 188 Block 185 Ballet Austin Block 23 Block 1 SAN ANTONIO ST Amli on 2nd 2ND STREET Silicon Labs GUADALUPE ST W Austin Austin City Hall LAVACA ST Amli Downtown Silicon Labs COLRADO ST The Austonian The Ashton 100 Congress CONGRESS AVE Block 11 One Congress Plaza BRAZOS ST SAN JACINTO ST CESAR CHAVEZ Radisson S 1ST ST Four Seasons Page 5 Project Overview

Overall Site Plan Service Alley Service Alley 800 sf BLOCK BLOCK 188 Restaurant 2,500 sf 23 2,000 sf Bar 1,500 sf 5,350 sf 2nd Street 4,500 sf 5,500 sf SHOAL 8,500 sf 185 OFFICE LOBBY BOUTIQUE HOTEL LOBBY RESIDENTIAL LOBBIES BLOCK 2,000 sf Neuces Street eett BLOCK Amenity 10,500 sf RETAIL POTENTIAL RETAIL / AMENITY 1 San Antonio Street 15,500 sf CREEK Amenity 6,500 sf PARKING Cesar Chavez GREENWATER Page 6 Project Overview

East View Massing PROGRAM SUMMARY OFFICE 492,333GSF RETAIL 74,206 GSF RESIDENTIAL Block 1 Block 185 1,016,095 GSF 531 UNITS 295 UNITS HOTEL 179,505 GSF 200 KEYS TOTAL GREENWATER 1,762,139 GSF TOTAL PARKING 2,860 SPACES Page 7 Project Overview

Page 9 View East Down Cesar Chavez

Page 10 View East Down 2nd Street

Page 11 Plaza View From Hotel

Page 12 View West Down 2nd Street

BLOCK23OFFICE Page 26 BLOCK 23. Office

Architectural Studies EAST ELEVATION NORTH ELEVATION WEST ELEVATION Page 27 BLOCK 23. Office

Block 23 Program Summary OFFICE Rentable SF GSF Lobby 11,890 14,639 Low Rise 27,920 28,500 High Rise 28,354 28,500 TOTAL 456,459 492,333 Floors RSF RETAIL Partial 1 6,806 PARKING GSF Total Spaces Above Grade 317,250 725 Below Grade 80,133 220 Total 397,383 945 N 21,330 30 SF Nueces St 23 35,810 SF 2nd St San Antonio St OFFICE BUILDING RETAIL PARKING 55,300 SF 77,4,430 SF Cesar Chavez St Page 28 BLOCK 23. Office

Subgrade Parking Plan N.O10 N.T N.O9 N.S N.O8 N.R N.O7 N.Q N.O6 N.P N.O5 N.O N.N N.M N.L N.K N.H N.G N.F N.E N.D N.C N.B N.A H.01 N.1 H.02 DN UP PROPOSED EXTENSION OF NUECES ST R.O.W. N.2 H.03 N.3 H.04 H.05 SHOAL CREEK N.O11 N.4 PARKING UNDER BLOCK 188 PARKING UNDER BLOCK 23 H.06 H.8 N.O12 N.8 N.O10 N.T N.O9 N.S N.O8 N.R N.O7 N.Q N.O6 N.P N.O5 N.O N.N N.M N.L N.K N.H N.G N.F N.E N.D N.C N.B N.A PARKING Page 29 BLOCK 23. Office

Site Plan Service Alley 2,000 sf 46' - 8" San Antonio Street 5,350 sf 73' - 8" 41' - 9" Neuces Street reett Loading 75' - 4" OFFICE BUILDING RETAIL 2nd Street PARKING GREENWATER Page 30 BLOCK 23. Office

Typical Podium Parking Plan 1 2 3 4 5 6 7 8 9 10 15' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 15' - 0" A B C 6' - 0" D E 6' - 0" 39' - 0" 30' - 0" 39' - 0" F G 3' - 6" OFFICE BUILDING PARKING Page 31 BLOCK 23. Office

Typical Low-Rise Plan 1 2 3 4 5 6 7 8 9 10 240' - 0" 15' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 15' - 0" A 39' - 0" B C 6' - 0" 123' - 6" 30' - 0" 55' - 4" D E 39' - 0" 6' - 0" 50' - 1" 45' - 11" 56' - 5" 52' - 3" 67' - 4" 46' - 2" F G 3' - 6" OFFICE BUILDING BACK OF HOUSE / MECHANICAL Page 32 BLOCK 23. Office

Typical High-Rise Plan 1 2 3 4 5 6 7 8 9 10 240' - 0" 15' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 15' - 0" A 39' - 0" 56' - 5" B C 6' - 0" 67' - 4" 123' - 6" D E 39' - 0" 50' - 1" 45' - 11" 52' - 3" 30' - 0" 67' - 4" 6' - 0" 46' - 2" F G 3' - 6" OFFICE BUILDING BACK OF HOUSE / MECHANICAL Page 33 BLOCK 23. Office

Hypothetical Test Fit Plan 1 2 3 4 5 6 7 8 9 10 240' - 0" 15' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 30' - 0" 15' - 0" A B C 6' - 0" 30' - 0" 39' - 0" D E 6' - 0" 39' - 0" 123' - 6" F G 3' - 6" GROSS FLOOR AREA = 29,419 SF NET RENTABLE AREA = 28,920 SF 3 CONFERENCE ROOMS 115 WORK STATIONS 37 OFFICES 152 TOTAL PEOPLE 190 RSF/PERSON Page 34 BLOCK 23. Office

1 2 3 4 5 6 7 8 9 10 Building Section ROOF 388-0 PENTHOUSE 374-6 HIGH-RISE OFFICE 265-0 LOW-RISE OFFICE 130-0 OFFICE BUILDING RETAIL PARKING 01 25-0 PARKING NUECES STREET SAN ANTONIO STREET GROUND LEVEL 0-0 PARKING B01-12 - 0 PARKING B02-21 - 0 PARKING B03-30 - 0 Page 35 BLOCK 23. Office

Green Water Mixed Use Development Site Plan - Orthogonal Scheme C Preliminary Program and Parking Summary Revised May 25, 2011 Overall Program Summary Parking Summary Hotel Key Summary land area plate area # of floors # of Units GSF RSF Efficiency GSF Parking Ratio Parking Ratio Required Total Parking Parking Standard (no balconies) of Development (Residential) of Parking per RSF per unit Parking Provided Stalls per Plate Guest Rooms Suites Total Block 1 (F/B and Residential Amenity) - 2 45,500 45,500 3.6 164 Residential - Low-rise - Wrap 22,095 9 150 198,852 138,150 1.5 225 Residential - Low-rise - Podium 12,556 9 122 113,000 86,550 1.5 183 Residential - Tower 10,476 31 259 324,768 261,500 1.5 389 subtotal 531 682,120 531,700 961 Parking Above Grade 31,989 9 287,900 690 77 Below Grade 76,500 2 153,000 330 165 subtotal 77,430 440,900 1,020 Block 185 (F/B and Residential Amenity) - 1 22,500 22,500 3.6 81 Residential - Low-Rise - Cesar Chavez 9,009 9 66 81,081 59,400 73.3% 1.5 99 Residential - Low-Rise - Wrap 4,617 7 21 32,319 18,200 56.3% 1.5 32 Residential - Tower 10,753 28 208 301,075 236,500 78.6% 1.5 312 subtotal 55,300 295 436,975 336,600 524 Parking Above Grade 25,326 9.5 240,600 393 41 Below Grade 51,460 2 102,920 200 100 subtotal 343,520 593 Sub Total Block 1 and 185 132,730 1,119,095 868,300 784,420 1,485 1,613 Block 188 Lobby / Restaurant / Bar / Support 14,900 1 14,900 14,900 3.6 54 Meeting / Amenity 36,450 1 36,450 36,450 Boutique Hotel 11,429 17 194,293 194,293 1.0 197 164 33 197 subtotal 21,330 245,643 245,643 251 Parking Above Grade - - Below Grade 39,188 3 117,564 225 - subtotal 117,564 225 Block 23 (F/B) - 1 7,350 6,806 3.6 25 Office Lobby - 1 12,820 11,870 Office (12-29) 30,328 18 545,904 505,467 2.5 1,264 Penthouse 0 0 0 0 2.5 0 subtotal 35,810 566,074 524,143 1,288 Parking Above Grade - Levels 2-10 31,725 10 317,250 700 Below Grade 26,711 3 80,133 225 75 subtotal 397,383 925 Sub Total Block 188 and 23 57,140 811,717 514,947 1,539 1,150 Total Program 1,930,812 1,638,086 Total Parking 1,299,367 3,023 2,763 See Note #1 and 2 Total GWTP Site 189,870 3,230,179 (Including Parking) Notes: 1. Residential parking counts are based on 1.5 spaces per unit. 2. Walker Shared Parking Analysis dated December 9, 2010 recommends 2,968 +/- spaces based on 1,544,496 rsf of mixed use - not including the anchor retail. 3. Walker Shared Parking Analysis dated December 9, 2010 recommends 3,173 +/- spaces based on 1,604,496 rsf of mixed use - including the 60,000 sf anchor retail. Page 57 Project Overview