Emerging Corridors & Opportunity Zones 2020 by WDCEP

EMERGING CORRIDORS + OPPORTUNITY ZONES

IMAGE COURTESY OF REDBRICK

2020 EDITION

In Public-Private Partnership with

The Washington DC Economic Partnership would like to acknowledge our public and private sector board members whose continued financial support and guidance has made the 2020 Emerging Corridors + Opportunity Zones publication possible. PUBLIC SECTOR PARTNERS

OFFICE OF THE CHIEF TECHNOLOGY OFFICER

PRIVATE SECTOR PARTNERS

BOARD MEMBERS EXECUTIVE COMMITTEE

Raj Aggarwal

John Falcicchio / Co-Chair

Anitra Androh

Manager, Engineered Sales, Washington Gas

Joseph Askew

Director, OCTFME

Interim Deputy Mayor, Office of the Deputy Mayor for Planning and Economic Development

Richard Lake / Co-Chair Managing Principal, Roadside Development

Donna Cooper / Co-Chair Elect Region President, Pepco

Omar McIntosh / Vice Chair Senior Vice President, Smoot Construction

Kenneth Brewer / Secretary

Executive Director, H Street CDC

Timothy F. Veith / Treasurer President, United Bank

Olivia Byrne / General Counsel Partner, K&L Gates

Keith J. Sellars / President

President & CEO, Washington DC Economic Partnership

Sybongile Cook / DMPED Representative

Director of Business Development & Strategy, Office of the Deputy Mayor for Planning and Economic Development

Jennifer Eugene

Chase W. Rynd

Angie Gates

Tara Scanlon

Vice President, Government Relations, Verizon

Emmauel Irono

Shawn Seaman

Steven Boyle

Stan Jackson

Annie Senatore

Board Chairman, Think Local First Partner, Nelson Mullins Riley & Scarborough

Managing Director, EDENS

Jean-Luc Brami

Vice President, Gelberg Signs

Ernest Chrappah Director, DCRA

Brunson Cooper

Corenic Construction Group, Corenic Construction

Founder & CEO, Motir Services President & CEO, AEDC

Caroline Kenney

Executive Director, National Building Museum Partner, Holland & Knight President, Hoffman & Associates CEO and Lead Event Designer, Design Foundry

Managing Director of Public/Private Development, Urban Atlantic

Joseph Torraca

Susan Lacz

Andrew Trueblood

Principal & CEO, Ridgewells Catering

Lisa Mallory

Vice President of Business Development, RCN Director, DC Office of Planning

Donna Rattley Washington

Anita Butani D’Souza

CEO, DCBIA

Regional Vice President of Government Affairs, Comcast

Thomas A. Nida

Executive Vice President/Market Executive, City First Bank

Mitch Weintraub

Colette Dafoe

Division Head, HGRM Corporation Office Managing Partner, Nixon Peabody

Timothy Duggan

Senior Vice President and Commercial Regional Group Manager, TD Bank

Kristina Noell

Executive Director, Anacostia Business Improvement District

Gregory O'Dell

Daniel Duke

President & CEO, Events DC

Josh Etter

Chief Technology Officer, OCTO

Prinicipal Mid-Atlantic Region, Bohler Director, Development, Foulger Pratt

Lindsey Parker

William Rich

President, Delta Associates

Partner, Cordia Partners

Kristi Whitfield Director, DSLBD

Hope Wilson

Director of Pre-development Services, BKV Group

Donna Woodall

Director of Citizenship & Public Affairs, Microsoft

Karima Woods

Acting Commissioner, DISB

WASHINGTON, DC

EMERGING CORRIDORS + OPPORTUNITY ZONES The District of Columbia’s residential population is now more than 705,0001, a 17% increase since 2010, and projected to reach approximately 990,000 by 2045.2 While population growth has slowed over the past few years, DC is still growing at a faster rate than the metro area and U.S. Contributing to this growth has been the construction of more than 44,000 new residential units (88% rental) from 2010–2019.3 Furthermore, overall development during this time period has resulted in more than 99 million square feet of new development4.

was 798,300, a 0.7% increase from 2018 as the private sector added approximately 5,800 jobs and the public sector added approximately 100 jobs.

EMPLOYMENT GROWTH 3.0% 2.0% 1.0% 0.0% -1.0% -2.0%

POPULATION GROWTH

2013

2.5%

DC TOTAL

2.0% 1.5% 1.0% 0.5% 0.0%

2013

2014

2015 DC

2016

2017

DC METRO

2018

2019

U.S.

Source: U.S. Census Bureau, Population Division

Job growth is needed to meet the demand of a growing population in DC. The private sector is driving much of DC’s job growth with a 20.4% increase in employment in the private sector from 2010 to 2019 compared to 17.3% for the metro area.5 In 2019, DC’s annual average employment

2014

2015

2016

2017

2018

2019

DC TOTAL PRIVATE

DC TOTAL GOVERNMENT

DC METRO TOTAL

U.S. TOTAL

Additionally, growing demand for housing and employment has caused new development and business growth to expand further into DC’s northeast and southeast neighborhoods. With many of these emerging areas and commercial corridors now designated as Opportunity Zones, there will be additional investment and capital available to local businesses and new opportunities for investment in DC.

OPPORTUNITY ZONES Opportunity Zones (OZ) are a new federal program that was added to the Tax Cuts and Jobs Act in December 2017 to spur long term private sector investments in low

1. U.S. Census (population as of July 1, 2019); 2. Council of Governments, Summary of Intermediate Population Forecasts (October 10, 2018); 3. Washington DC Economic Partnership (projects with 10+ units and includes major renovations); 4. Washington DC Economic Partnership (includes major renovations); 5. Bureau of Labor Statistics, not seasonally adjusted (accessed on 3/16/20) EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 1

OPPORTUNITY ZONES ABOUT EMERGING CORRIDORS + OPPORTUNITY ZONES The Washington DC Economic Partnership (WDCEP) first published the Emerging Corridors publication in 2016 as part of its efforts to highlight potential investment & new business opportunities along DC’s commercial corridors in underserved markets. This year’s publication includes updates to the opportunities in DC’s Opportunity Zones. This publication provides an overview of each corridor, a detailed assessment of potential sites for developers and business owners, and current investment in the area. The list of sites is not meant to be comprehensive but rather a reference for key opportunities. Please note that these potential sites were identified by WDCEP using public data sources and may not be available for lease or purchase (land owners were not contacted). Although every attempt was made to ensure the quality of the information contained in this document, WDCEP makes no warranty or guarantee as to its accuracy, completeness, or usefulness for any given purpose. All highlighted sites are estimates and may not reflect the actual property boundaries. Ownership & land info was extracted from opendata.dc.gov and development project status is as of December 2019. To search for available space in DC or potential investment projects in Opportunity Zones please visit search.wdcep.com. For more information please contact Derek Ford, SVP of Emerging Neighborhoods (dford@wdcep.com), Chad Shuskey, SVP (cshuskey@wdcep.com), or Mitchell Batchelder, Research Analyst (mbatchelder@wdcep.com).

income communities throughout the U.S. The program hopes to bring neighborhood-serving retail, jobs, and affordable and workforce housing to underserved communities. The program provides tax incentives for investments in new businesses and commercial projects in designated Census Tracts. Investors can defer tax on capital gains invested in a Qualified Opportunity Fund (QOF), which must invest in real estate or a business entity in an Opportunity Zone. Other benefits include 10% and 15% increases in basis at the five- and sevenyear marks, respectively, and no taxes on the QOF gains if investments are held at least 10 years. The 25 Opportunity Zones located in DC occupy approximately 18.4% of DC’s 68.3 square miles and contain approximately 13% of the total population.6 Additionally, as illustrated by the below graph, the development currently planned within DC’s Opportunity Zones includes a variety of uses.

DC’S DEVELOPMENT PIPELINE IN OPPORTUNITY ZONES (MILLIONS OF SF) 20

18.5

10.9 10

1.8 0

Residential

Retail

0.8

Education & Medical

Hotel

Source: Washington DC Economic Partnership (12/2019)

For detailed information on select major development projects in Opportunity Zones, please go to page 6. More information on DC’s Opportunity Zones can be found by visiting oppzones.dc.gov.

Office

1.2

SELECT RESOURCES + INCENTIVES DISTRICT OF COLUMBIA

REAL ESTATE + BUSINESS RESOURCES By pairing the Opportunity Zone incentive with the following complementary DC real estate and business resources, the District hopes to assist investment that supports the following priorities: • Produce new amenities and community serving retail such as fresh food grocery • Produce more affordable housing • Improve access to capital and growth opportunities for local DC businesses • Provide jobs and training opportunities to DC residents

DC BUSINESS INCENTIVE NAVIGATOR Incentives.dc.gov is a comprehensive, searchable database of incentives and other funding-related programs provided by DC government agencies and partnering organizations. This publication contains select examples that are also provided in this database.

NEW MARKET TAX CREDITS The New Markets Tax Credit Program (NMTC) is a federal tax credit that incentivizes investment in economically distressed communities. NMTC investors provide capital to community development entities (CDEs), a local financial organization accredited by the Community Development Financial Institution (CDFI Fund), and in exchange are awarded credits against their federal tax obligations. A CDE applies for tax credits through the CDFI Fund and then distributes funds to qualifying projects. CONTACT (202) 653-0421 • cdfifund.gov

HOUSING PRODUCTION TRUST FUND The Housing Production Trust Fund (HPTF) is a special revenue fund that provides gap financing for projects that are affordable to low- and moderateincome households. At least 50% of the funds disbursed are dedicated toward providing rental housing. CONTACT (202) 442-7200 • dhcd.dc.gov

GREAT STREETS INITIATIVE NEIGHBORHOOD PROSPERITY FUND The Neighborhood Prosperity Fund provides gap funding (minimum of $250,000) for the commercial components of mixed use, office space, or retail development projects in targeted areas with more than 10% unemployment. The fund aims to bring economic activity to underserved neighborhoods by supporting projects that will provide jobs and neighborhood serving retail such as grocery stores. CONTACT

Great Streets is the District’s commercial revitalization initiative, led by the Office of the Deputy Mayor for Planning and Economic Development (DMPED), is designed to support existing small businesses, attract new businesses, increase the District’s tax base, create new job opportunities for District residents, and transform emerging corridors into thriving and inviting neighborhood centers. These competitive grants offer up to $50,000 for qualified small business owners who wish to improve their place of business. CONTACT: (202) 727-6365 • greatstreets.dc.gov

(202) 727-6365 • dmped.dc.gov

EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 3

SELECT RESOURCES + INCENTIVES DISTRICT CAPITALIZED

HUBZONES

District Capitalized provides financing, training, and coaching to help DC businesses and entrepreneurs, regardless of their business size, industry or risk level, access capital and grow their business. Select financing benefits include DSLBD Microloans up to $50,000 and DSLBD-support loans via a Loan Loss Reserve.

The Historically Under-Utilized Business Zones (HUBZones) Program is a federal program administered by the U.S. Small Business Administration (SBA). Qualified small businesses located in designated HUBZones are eligible to compete for the program’s set-aside contracts and get 10% price evaluation preference in full and open contract competitions.

CONTACT (202) 727-3900 • dslbd.dc.gov

CONTACT

SMALL RETAILER PROPERTY TAX RELIEF CREDIT

SUPERMARKET TAX CREDITS

The Small Retailer Property Tax Relief Credit provides qualifying DC small businesses up to $5,000 in tax relief. To qualify for relief businesses must be registered as a retail business, rent or own a commercial zoned property used for retail, gross less than $2.5 million per year, and be current on District taxes and other filings.

(800) 827-5722 • sba.gov

Through the Supermarket Tax Exemption Act of 2000, the District waives certain taxes and fees to supermarkets that locate in specific neighborhoods to encourage investment in areas lacking access to groceries and fresh food. Qualifying supermarkets may receive the following benefits for 10 years:

• Real property tax exemption

CONTACT

• Business license fee exemption

(202) 727-4829 • otr.cfo.dc.gov

• Personal property tax exemption

DC PACE

• Sales and use tax exemption on building materials necessary for construction

Implemented by the Department of Energy and Environment (DOEE), DC PACE provides long-term funding for building upgrades that reduce utility bills and operating expenses. More than $41 million across 29 projects have been financed with the DC PACE program. CONTACT (202) 535-2327 • dcpace.com

GREEN & SUSTAINABLE ENERGY DC Sustainable Energy Utility (DCSEU) provides rebates to homes and businesses for expenses used in retrofits or for energy-efficient appliances. For example, RiverSmart Rewards provides property owners up to 55% off the DOEE Stormwater Fee through the installation of green infrastructure to reduce stormwater runoff. CONTACT (202) 535-2600 • doee.dc.gov/riversmart

CONTACT (202)-727-6365 • dmped.dc.gov

ON-THE-JOB TRAINING The Department of Employment Services (DOES) matches job-ready candidates to employers willing to provide skills-based, on-the-job training. DOES provides wage reimbursement from 50% to 75% of the candidate’s salary from one to six months, and in some cases up to one year. CONTACT (202) 724-7000 • does.dc.gov

SELECT RESOURCES + INCENTIVES DC TECH INCENTIVES The District offers an attractive incentive packages for high-tech businesses looking to expand & grow in DC. DC Tech Incentives provides certain credits, exemptions, and other benefits for a Qualified High Technology Company (QHTC). A QHTC can leverage the program to develop their workforce, secure affordable facilities for their business and benefit from reduced real estate, personal property, sales and income taxes. A QHTC can expect a significant tax break with the following abatements from DC taxes:

• Reduced Corporate Franchise Tax

• Personal Property Tax Exemption • Capital Gains Tax Reduction • Employee Relocation Tax Credit • Training & Wage Credits Additionally, QHTCs in the District can qualify for Creative and Open Space Modernization Tax Rebates. The rebate is available up to $1,000,000 per qualified business per year and can be used towards tenant improvements. CONTACT (202) 727-6365 • dmped.dc.gov

WASHINGTON DC ECONOMIC PARTNERSHIP

OFFICE OF THE DEPUTY MAYOR FOR PLANNING & ECONOMIC DEVELOPMENT

WDCEP is a non-profit, public-private organization whose core purpose is to actively position, promote, and support economic development and business opportunities in Washington, DC. Our mission is to promote DC’s economic and business opportunities and support business retention and attraction activities. Visit wdcep.com.

DMPED assists the Mayor in the coordination, planning, supervision, and execution of economic development efforts in the District of Columbia with the goal of creating and preserving affordable housing, creating jobs, and increasing tax revenue. DMPED pursues policies and programs that create strong neighborhoods, expand and diversify the local economy, and provide residents with pathways to the middle class.

WDCEP Real Estate Services • DC Real Estate Search tool: search.wdcep.com • Development Data: wdcep.co/dcdr • Local Market Intelligence: wdcep.co/neighborhoods • Maps: wdcep.co/maps • Site Location Assistance • Tech-Sector Liaison Learn more at wdcep.com or engage with us @WDCEP.

DMPED’s priorities are derived from our broad goals of increasing affordable housing, increasing jobs and increasing District revenues. Together, they support the Mayor’s vision of Inclusive Prosperity. Underlying all of our work is a commitment, driven by the Mayor, to good government and transparency. Learn more at dmped.dc.gov or obviouslydc.com.

EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 5

OPPORTUNITY ZONES Conceptual rendering courtesy of Cedar Realty Trust

Image courtesy of MRP Realty

RHODE ISLAND AVENUE, NE

BRYANT STREET LOCATION:

MINNESOTA + BENNING

NORTHEAST HEIGHTS

680 Rhode Island Avenue, NE

LOCATION:

WARD: 5

WARD:

CENSUS TRACT: 9204

CENSUS TRACT:

DEVELOPER(S):

MRP Realty / B&R Associates / FRP Development Corp. STATUS: Under Construction LEED: Gold TARGETED DELIVERY: 2021–2031

STATUS:

SPECS: Potential redevelopment plans for the East River Park Shopping Center call for about 280 residential units, 120,000 SF of retail space (including a 50,000 SF grocery store), 33,000 SF of office space, and 622 parking spaces.

SPECS: The 13-acre Rhode Island Avenue Shopping Center will be redeveloped into a 1.75 million SF mixed-use project with up to 1,600 residential units and 250,000 SF of retail/entertainment space. Phase I will consist of three buildings (closest to the Metrorail tracks) totaling 490 residential, 40,000 SF of retail space, and an Alamo Draft House cinema.

MLK GATEWAY I Martin Luther King Jr. Avenue & Good Hope Road, SE 8 CENSUS TRACT: 7503 DEVELOPER(S): The Menkiti Group STATUS: Under Construction EST. VALUE: $23 million LEED: Silver TARGETED DELIVERY: 2021

Image courtesy of Urban Atlantic

Image courtesy of The Menkiti Group

ANACOSTIA

GEORGIA AVENUE + WALTER REED

PARKS AT WALTER REED

LOCATION:

WARD:

SPECS: Plans for MLK Gateway I call for 20,000 SF of office space, anchored

by Enlightened Inc.’s new office headquarters and a tech incubator, and 14,000 SF of retail space. Expected retail tenants include a fresh food market, a coffee concept, a full-service restaurant, and a local bank.

Minnesota Avenue & Benning Road, NE 7 9603 Cedar Realty Trust Pipeline

6800 Georgia Avenue, NW 4 CENSUS TRACT: 10300 DEVELOPER(S): Urban Atlantic / Hines / Triden Development Group STATUS: various EST. VALUE: $1 billion TARGETED DELIVERY: 2017–2032 SPECS: The Parks at Walter Reed redevelopment plan calls for 3.1 million SF mixed-use development, 20 acres of open space, and over 2,200 residential units, including affordable housing on the former Walter Reed medical campus. The Brooks and The Vale (Parcel V/U), located at the corner of Georgia Avenue and Aspen Street, will be the first market-rate mixed-use building to deliver on the site in late 2020 and will consist of 390 residential units (rental & condo) and 18,000 SF of retail. Adjacent to the private-sector development is Children’s new National Research & Innovation Campus that is expected to open in late 2020.

SELECT PROJECT HIGHLIGHTS Image courtesy of Four Points

RHODE ISLAND AVENUE, NE

RIA

ANACOSTIA

REUNION SQUARE

LOCATION: Rhode Island Avenue, NE & 14th Street &

LOCATION:

Montana Avenue, NE WARD: 5 CENSUS TRACT: 9102 DEVELOPER(S): MidCity STATUS: Pipline EST. VALUE: $540 million TARGETED DELIVERY: 2022+

WARD: CENSUS TRACT: DEVELOPER(S): STATUS: LEED:

SPECS: Plans call for a 1.6 million SF mixed-use project on the 9.5-acre site adjacent to Martin L. King Jr. Avenue, SE. Phase I (2235 Shannon Place) was completed in 2014 and is comprised of a new 82,000 SF office building that is home to the DC Taxicab Commission, DC Lottery, and other DC government agencies. The next phase calls for a 281,000 SF office building (supported by a $25 million TIF), hotel, and a residential building.

SPECS: The 20-acre site will be redeveloped into a mixed-use neighborhood,

creating eight new city blocks that will contain 182,000 SF of retail space and 1,760 residential units (20% affordable). Planned community amenities include a one-acre park and grocery store. The project is supported by a $47 million TIF.

SAINT ELIZABETHS EAST Saint Elizabeths East Campus 8 CENSUS TRACT: 10400 DEVELOPER(S): DC Government / Redbrick LMD / Gragg Cardona Partners / AEDC STATUS: various EST. VALUE: $2 billion TARGETED DELIVERY: 2018–2030

Image courtesy of WC Smith

Conceptual rendering of Parcel 15

SAINT ELIZABETHS

ALABAMA AVENUE + GOOD HOPE ROAD, SE

SKYLAND TOWN CENTER

LOCATION:

WARD:

SPECS: The redevelopment vision for the 183-acre site calls for one million

SF of office space, 1,300 residential units, 236,000 SF of retail space, 500 hotel rooms, a new hospital (100 - 125 beds), and 250,000 SF of civic and educational uses. The DC government is also investing $100 million in infrastructure work (roads, utilities, sewers) through 2021. The 4,200-seat Entertainment & Sports Arena opened in 2018 and is the new home arena for the Washington Mystics and Capital City Go-Go, and the Washington Wizards’ training complex. The 4.2-acre Parcel 15 (pictured above) will be redeveloped into a town square with 288 residential units, a hotel, a 200,000 SF office building and up to 20,000 SF of retail space.

Shannon Place & W Street, SE 8 7401 Four Points / Curtis Development various Gold

Alabama Avenue & Naylor Road, SE 7 CENSUS TRACT: 7604 DEVELOPER(S): Rappaport / WC Smith / Washington East Foundation STATUS: various TARGETED DELIVERY: 2020–2022+ SPECS: The redevelopment of the 18.5-acre Skyland Shopping Center will result in approximately 132,000 SF of retail space, medical/office uses, and 500+ residential units. Phase A, supported by a $19 million TIF, will deliver 263 apartments over 84,000 SF of retail in Q3 2020. Future phases include additional retail, anchored by DC’s first Lidl grocery store, and a 130,000 SF medical/office building.

EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 7

EC NN CO

Rock Creek Park

16TH ST NW

W EN AV UT

GEORGIA AVE

TIC

E IS

D HO

E AV

VE IN A

WIS

NORTH CAPITOL ST

NEW YORK AVE NE

H ST NE

White House

EAST CAPITOL ST

MIN

U.S. Capitol

SO TA AV E

The National Mall

Arlington National Cemetery

M ST SE

4 OPPORTUNITY ZONE

10 GO

SY LVA N

AV E

MARTIN L. KING JR. AVE SE

Fort Dupont Park

CONTENTS 1

ALABAMA AVENUE + GOOD HOPE ROAD, SE

ANACOSTIA

BENNING ROAD + MARYLAND AVENUE, NE

CAPITOL RIVERFRONT / BUZZARD POINT

DEANWOOD

GEORGIA AVENUE + HOWARD U.

GEORGIA AVENUE + WALTER REED

KENNEDY STREET

MINNESOTA + BENNING

PENNSYLVANIA AVENUE, SE

RFK STADIUM CAMPUS

RHODE ISLAND AVENUE

SAINT ELIZABETHS

SOUTH CAPITOL STREET

Deanwood + Sheriff Deanwood Town Center Deanwood + East Capitol

Pennsylvania + Alabama Avenues, SE Pennsylvania + Branch Avenues, SE Pennsylvania + Minnesota Avenues, SE

South Capitol Street + Bellevue South Capitol Street + UMC South Capitol Street + Southern Avenue

19 20 21

31 32 33

41 42 43

ALABAMA AVENUE + GOOD HOPE ROAD, SE OPPORTUNITY ZONE

POPULATION: 10,175

MEDIAN HOME VALUE: $362,632

HOUSEHOLDS: 4,153

MEDIAN AGE: 37.8

AVERAGE HOUSEHOLD INCOME: $59,991 MAJOR INVESTMENTS • Good Hope Marketplace is a 97,000 SF shopping center anchored by a 56,000 SF Safeway grocery store. Tenants include Capital One Bank, Shoe City, and Subway. A. Skyland Town Center: An 18.5-acre mixed-use project that will result in approximately 132,000 SF of retail space, medical/office uses, and 500+ residential units. Phase I is currently under construction and will deliver roads and infrastructure in addition to 263 apartments and 84,000 SF of retail in Q3 2020.

MAJOR EMPLOYERS • Safeway • Washington Nursing Facility • Children’s Hospital Health Center • CVS

POTENTIAL PROGRAMS (select) • Great Streets Small Business Grant • HUB Zone • Neighborhood Prosperity Fund (NPF) • Opportunity Zones • Supermarket Tax Incentives

Note: Demographics provided by Esri, 2019 estimates. All demographics are within 0.5 miles of Good Hope Road & Alabama Avenue, SE. Aerial photography on opposite page was captured in 2019 (source: opendata.dc.gov). 10 © 2020 WASHINGTON DC ECONOMIC PARTNERSHIP

ALABAMA AVENUE + GOOD HOPE ROAD, SE MAJOR DEVELOPMENT Completed since 2015 Under Construction Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

ZONING

2400 block of Good Hope Rd SE

Dunkin Maxell Co. (c/o William C Smith)

43,873

1.01

$331,100

RA-1

2501 Good Hope Rd SE

Cookie & Zion Avissar (c/o Avis R Company Inc)

14,963

0.34

$1,743,890

MU-7

2503 - 2509 Good Hope Rd SE

First Fsk LP (Delbe Real Estate)

2845 Alabama Ave SE

Good Hope Marketplace LLC

14,342

0.33

$2,049,980

MU-7

351,229

8.06

$22,680,650

MU-7

2419 25th St SE

Wagner LLC

19,601

0.45

$485,120

R-3

2300 block of Ainger Pl SE

DC Government

43,566

1.00

$1,567,080

RA-1

2300 block of Ainger Pl SE

Beechwood Ainger Place LLC

62,169

1.43

$1,357,900

RA-1

2340 Ainger Pl SE

TMT Services LLC

29,044

0.67

$432,370

RA-1

2765 Naylor Rd SE (rear)

TRS of Allen Chapel AME Church

55,515

1.27

$1,485,030

RA-1

2500 block of Alabama Ave SE

Allen Chapel AME Church & Trustees

13,965

0.32

$177,080

RA-1

2495 - 2497 Alabama Ave SE

Alabama Avenue LLC

18,843

0.43

$666,460

RA-1

2419 Ainger Pl SE

Emanuel Baptist Church

27,020

0.62

$257,970

RA-1

a. S kyland Town Center (future phases): Rappaport & WC Smith are leading the development of the 18.5-acre Skyland Town Center. Future phases include additional retail, anchored by DC’s first Lidl grocery store, up to 250 additional residential units, and a 130,000 SF medical/office building. b. Skyland Town Center (Ph I - Block 2): Phase I will deliver 263 apartments and 84,000 SF of retail space in Q3/Q4 2020. c. A inger Place Apartments (2400 Ainger Place SE): The Michaels Development Company and Emmanuel Baptist Church are building 72 affordbale residential units.

EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 11

ANACOSTIA OPPORTUNITY ZONE

POPULATION: 11,514 ▲ 15% INCREASE SINCE 2010

MEDIAN HOME VALUE: $299,537

HOUSEHOLDS: 4,365

MEDIAN AGE: 33.2

AVERAGE HOUSEHOLD INCOME: $52,945

MAJOR INVESTMENTS

MAJOR EMPLOYERS

• Busboys & Poets opened in 2019

• Department of Housing and Community Development

A. Columbian Quarter: : Redbrick LMD plans to build a 2.4 million SF mixed-use project with 1.6 million SF of office, 692 residential units, and 51,000 SF of retail space. B. Reunion Square: Four Points & Curtis Development will build a 1.6 million SF mixed-use project on a 9.5-acre site. The next phase calls for 281,000 SF office building, hotel and residential uses. C. Barry Farm: The DC government’s New Communities Initiative envisions the 25-acre public housing site to be redeveloped into a vibrant mixed use, mixedincome neighborhood with 1,100 housing units and 40,000 SF of retail, along with a central park. Demolition of the public housing site began in 2018.

• Family & Medical Counseling Service • Department of For-Hire Vehicles • DC Office of Lottery & Charitable Games • Anacostia Arts Center

POTENTIAL PROGRAMS (select) • Great Streets Small Business Grant • HUB Zone • Neighborhood Prosperity Fund (NPF) • Opportunity Zones • Supermarket Tax Incentives

Note: Demographics provided by Esri, 2019 estimates. All demographics are within 0.5 miles of 14th & Cedar Streets, SE. Aerial photography on opposite page was captured in 2019 (source: opendata.dc.gov). 12 © 2020 WASHINGTON DC ECONOMIC PARTNERSHIP

ANACOSTIA MAJOR DEVELOPMENT Completed since 2015 2014 Under Construction Pipeline

ADDRESS

OWNER NAME

SQ. FT.

1101–1103 Howard Rd SE

WMATA

143,782

2442–2458 Martin L. King Jr. Ave SE

Bethlehem Baptist Church

2000 blk of Martin L. King Jr. Ave SE

National Bank of Washington

ACRES TAX ASSESSMENT

ZONING

3.30

$6,635,510

MU-14

141,585

3.25

$6,207,320

MU-4/RF-1

13,936

0.32

$466,890

MU-7

1110 U St SE

Jemals 1110 U Street NE LLC

14,370

0.33

$755,600

PDR-1

1234 Good Hope Rd SE

DC Government

112,932

2.59

$3,845,790

MU-7

1300 Good Hope Rd SE

Kids Konnection

9,447

0.22

$1,490,170

MU-4

1918 14th St SE

Good Home Investments LLC

37,440

0.86

$3,010,650

MU-4

1603 Good Hope Rd SE

Hope Sound Corporation

10,248

0.24

$611,450

MU-4

1708–1710 Good Hope Rd SE

Christopher Murphy

51,673

1.19

$4,340,760

MU-4

1736 Good Hope Rd SE

John Shin Trustees

19,477

0.45

$1,154,830

MU-4

a. M LK Gateway I (1205–1215 Good Hope Rd., SE): The Menkiti Group is constructing 20,000 SF of office space and 14,000 SF of retail space. b. R eunion Square Phase II (Shannon Place & W Street, SE): Four Points & Curtis Properties plan on building a 281,000 SF office building (supported by a $25 million TIF), hotel, and residential buildings. c. M aple View Flats (2228–2252 Martin L. King Jr. Ave., SE): Chapman Development built 114 affordable rental units and 15,000 SF of retail space, anchored by Starbucks, in 2019. EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 13

BENNING ROAD + MARYLAND AVENUE, NE OPPORTUNITY ZONE

POPULATION: 19,245 ▲ 15% INCREASE SINCE 2010

MEDIAN HOME VALUE: $590,465

HOUSEHOLDS: 8,411

MEDIAN AGE: 38.7

AVERAGE HOUSEHOLD INCOME: $95,667

MAJOR INVESTMENTS

MAJOR EMPLOYERS

• In the past five years (2015–2019) more than 1,600 new residential units were built within one block of H Street, NE (Union Station to Hechinger Mall). As of December 2019, there were another 956 units under construction.

• CVS

• 200+ affordable residential units are currently under construction in the area.

• Safeway

• Flats at Atlas (Phase II), by Westbrook Partners, is under construction at 17th & Maryland Avenue and will deliver 325 rental apartment units in late 2020/early 2021.

• Miner Elementary School • Ross Dress for Less

POTENTIAL PROGRAMS (select) • Great Streets Small Business Grant • HUB Zone • Neighborhood Prosperity Fund (NPF) • Opportunity Zones • Supermarket Tax Incentives

Note: Demographics provided by Esri, 2019 estimates. All demographics are within 0.5 miles of Benning Road & Maryland Ave, NE. Aerial photography on opposite page was captured in 2019 (source: opendata.dc.gov). 14 © 2020 WASHINGTON DC ECONOMIC PARTNERSHIP

BENNING ROAD + MARYLAND AVENUE, NE MAJOR DEVELOPMENT Completed since 2015 Under Construction Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

ZONING

1111 Bladensburg Rd NE

Wondwoseng Ketema

11,539

0.26

$979,350

MU-4

1023 Bladensburg Rd NE

1021 Bladensburg Road BL LLC

10,260

0.24

$733,590

MU-4

1001 Bladensburg Rd NE

Jason K Han & Young S Han

15,045

0.35

$967,150

MU-4

1024-1036 Bladensburg Rd NE

57th Street Mews Inc

10,944

0.25

$435,790

MU-4

920 Bladensburg Rd NE

1933 Montana Ave LLC

29,504

0.68

$8,868,980

MU-4

900 Bladensburg Rd NE

Cheung Ming Properties Inc (c/o Falston Properties)

10,517

0.24

$1,090,510

MU-4

824–840 Bladensburg Rd NE

Wen Wen LLC (c/o Falston Properties)

20,004

0.46

$1,835,080

MU-4

814 Bladensburg Rd NE

Kase Properties LLC

12,517

0.29

$739,980

MU-4

1501 Maryland Ave NE / 1518 Benning Rd NE

Maryland Crossing Realty LLC (Ashkenazy Acquisition Corp.) *

373,627

8.58

$28,103,400

MU-7

725 19th St NE

Friendship Publc Charter School

159,217

3.66

$13,135,400

MU-4

2301 & 2305 Benning Rd NE

J Power Inc (c/o Falston Properties)

20,750

0.48

$3,032,120

MU-4

2501 Benning Rd NE

1505 Eastern Ave LLC

13,272

0.30

$1,880,760

MU-4

a. D elta Towers Addition (808 Bladensburg Rd., NE): The Delta Housing Corporation is building an addition to their existing residence with 179 affordable units for seniors and 5,000 SF of retail space. b. Flats at Atlas (Phase II): Flats at Atlas Phase II is a 325-unit apartment community scheduled to deliver in late 2020/early 2021. c. The Valvaere (1603–1625 Benning Rd., NE): Valor Development plans on building a 285-unit apartment building on the site. d. 777 17th St., NE: Development plans call for up to 190 residential units and 14,300 SF of retail space. *According to the Washington Business Journal (8/21/19), site is under contract to MRP Realty and JM Zell Partners. EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 15

CAPITOL RIVERFRONT / BUZZARD POINT OPPORTUNITY ZONE

POPULATION: 17,020 ▲ 68% INCREASE SINCE 2010

MEDIAN HOME VALUE: $519,131

HOUSEHOLDS: 9,933

MEDIAN AGE: 35

AVERAGE HOUSEHOLD INCOME: $94,840

MAJOR INVESTMENTS

MAJOR EMPLOYERS

• D.C. United’s new 19,000-seat stadium, Audi Field, delivered in Q3 2018

• Alion Science & Technology

A. The Wharf: Phase I was completed in 2017 and delivered 2M SF of mixed-use development including 500,000 SF of office, 190,000 SF of retail, 870 residential units, 680 hotel rooms, and 140,000 SF of cultural and entertainment space. Phase II broke ground in Q1 2019 and will deliver 550,00 SF of office, 120,000 SF of retail, 317 residential units, and 116 hotel rooms in 2022.

• DC Department of Transportation

B. 100 V Street: Akridge has plans for 2.4M SF of mixed-use development across 7 acres located south of the new D.C. United stadium. Initial plans call for 250,000 SF of office, 70,000 SF of retail, 1.4M SF of residential space, and 200 hotel rooms. C. The Yards: The Yards is a multi-phased, 5.8M SF mixused project led by Brookfield. 1.3 million SF have already delivered between 2010 and 2019 including a 5.4-acre waterfront park. As of December 2019, an additional 264 residential units, 41,000 SF of retail, and 290,000 SF of office space are currently under construction.

• Booz Allen Hamilton • U.S. Department of Transportation • U.S. Federal Highway Administration

POTENTIAL PROGRAMS (select) • HUB Zone • Neighborhood Prosperity Fund (NPF) • Opportunity Zones • Supermarket Tax Incentives

Note: Demographics provided by Esri, 2019 estimates. All demographics are within 0.5 miles of M and South Capitol Street, SW. Aerial photography on opposite page was captured in 2019 (source: opendata.dc.gov). 16 © 2020 WASHINGTON DC ECONOMIC PARTNERSHIP

CAPITOL RIVERFRONT / BUZZARD POINT MAJOR DEVELOPMENT Completed since 2015 Under Construction Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

Half Street & Potomac Ave SW

ZONING

Steuart Investment Company

29,401

0.67

$7,924,570

CG-4

1601 & 1605 South Capitol St SW

DC Government

40,740

0.94

$12,872,710

CG-4

1620 South Capitol St SE

DC Government

165,928

3.81

$54,943,830

CG-5

1724 South Capitol St SE

Steuart Investment Company

42,208

0.97

$18,370,560

CG-5

1721 South Capitol St SW & 1700 Half St SW

Steuart Investment Company

126,164

2.90

$35,001,193

CG-4

2 S St SW

Florida Rock Properties (c/o FRP Development Corp.)

91,789

2.11

$27,059,480

CG-5

1930 1st St SW

Pepco

397,654

9.13

$107,188,790

CG-4 / CG-5

a. The Wharf: Phase II of the $2 billion, 3.16 million SF project is scheduled to deliver by 2022 and include 317 residential units (apartments & condos), 550,000 SF of office space, 116 hotel rooms, 120,000 SF of retail space, 200+ slip marina, and four acres of public park/open space. b. A udi Field (100 Potomac Ave., SW): The new $400 million D.C. United stadium opened in 2018 and has approximately 19,000 seats, 31 suites, and consists of a seating bowl with two canopies surrounding an uncovered field. c. P arcel B (1st, Half & R Streets, SW): Hoffman & Associates will develop Parcel B (1.6 acres) which can support up to 600,000 SF of development. The site is owned by the DC government and leased to D.C. United. d. R iverpoint (2100 2nd St., SW): Akridge, Jefferson Apartment Group Orr Partners, and Western Development are transforming the former U.S. Coast Guard HQ building into 481 residential units and up to 70,000 SF of retail space. The project is expected to deliver in mid-to-late-2020. e. 1 900 Half Street SW: Douglas Development is converting a former office building into 453 residential units and 16,500 SF of retail space. The project is expected to deliver in mid-to-late-2020. f. F rederick Douglass Memorial Bridge: DDOT is building a new Frederick Douglass Memorial Bridge that will include six travel lanes, 20-foot-wide sidewalks, and new traffic ovals on both the east and west side of the Anacostia River. The bridge is expected to be completed in late 2021. EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 17

DEANWOOD OPPORTUNITY ZONE

POPULATION: 9,468 ▲ 9% INCREASE SINCE 2010

MEDIAN HOME VALUE: $270,470

HOUSEHOLDS: 3,262

MEDIAN AGE: 33.9

AVERAGE HOUSEHOLD INCOME: $53,935

MAJOR INVESTMENTS

MAJOR EMPLOYERS

• The 1.6-acre, 194-space Park & Ride surface lot at the Deanwood Metrorail station is being considered for redevelopment by WMATA.

• Grant Park Care

A. Kenilworth Courts Redevelopment: The Warrenton Group, Michaels Development Company, and the DC Housing Authority are redeveloping a 26-building, 14-acre public housing complex. Plans include 530 residential units and 4,500 SF of retail space. B. Lincoln Heights & Richardson Dwellings: As part of the DC government’s New Communities Initiative, the Lincoln Heights and Richardson Dwellings neighborhoods will become mixed-income communities featuring 1,230 residential units, a new mixed-use town center, and a primary health care facility.

• DC Metropolitan Police Department • HD Woodson Senior High School

POTENTIAL PROGRAMS (select) • Great Streets Small Business Grant • HUB Zone • Neighborhood Prosperity Fund (NPF) • Opportunity Zones • Supermarket Tax Incentives

C. Capitol Gateway Marketplace: Potential redevelopment scenarios for the 10-acre site include 300+ residential units and 167,000 SF of retail with an opportunity for a 135,000 SF large-format retailer and a restaurant pad site.

Note: Demographics provided by Esri, 2019 estimates. All demographics are within 0.5 miles of Nannie Helen Burroughs & Division Avenues, NE. Aerial photography on opposite page was captured in 2019 (source: opendata.dc.gov). 18 © 2020 WASHINGTON DC ECONOMIC PARTNERSHIP

DEANWOOD + SHERIFF MAJOR DEVELOPMENT Completed since 2015 2014 Under Construction Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

4409 Minnesota Ave NE

Valor Minnesota LLC

4318 Sheriff Rd NE

ZONING

55,517

1.27

$874,250

R-2

Awadit M Ramdat

4,250

0.10

$152,870

MU-3

4326 Sheriff Rd NE

Antonio Harrison

2,125

0.05

$50,000

MU-3

4328 Sheriff Rd NE

Mojgan & Reva Nabavian

6,844

0.16

$246,180

MU-3

4402 Sheriff Rd NE

Walgbow Management

2,475

0.06

$37,300

MU-3

4404 Sheriff Rd NE

First Baptist Church of Deanwood

4,760

0.11

$138,850

MU-3

1000 blk of 45th St NE

First Baptist Church Deanwood

50,114

1.15

$324,240

R-2

4690 Sheriff Rd NE

Pilgrim Rest Baptist Church

14,122

0.32

$507,970

MU-3

4700 blk of Sheriff Rd NE

House God Holy Church

5,673

0.13

$204,060

MU-3

4712 Sheriff Rd NE

Rupsha 2011 LLC

4,100

0.09

$147,480

MU-3

4720 Sheriff Rd NE

Beverly A Ball

2,524

0.06

$47,880

MU-3

4726 Sheriff Rd NE

4726 Sheriff Rd NE WDC 20019 LLC

10,238

0.24

$378,500

MU-3

4732 Sheriff RD NE

Rupsha 2011 LLC

8,549

0.20

$304,470

MU-3

4746–4750 Sheriff Rd NE

J Roberts Investments LLC

4,887

0.11

$477,070

MU-3

4922 Sheriff and 50th NE

Waldo Properties LLC

14,893

0.34

$196,080

R-2

EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 19

DEANWOOD TOWN CENTER MAJOR DEVELOPMENT Completed since 2015 Under Construction Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

ZONING

5110 Nannie Helen Burroughs

Holy Christian Missionary Baptist Church

68,191

1.57

$5,979,550

MU-3

5140 Nannie Helen Burroughs

KT Estates LLC

9,555

0.22

$3,431,310

MU-3

710 Division Ave NE

Vincent Claytor

8,706

0.20

$276,820

MU-3

712 Division Ave NE

Tabernacle Baptist Church

37,323

0.86

$2,705,910

MU-3

5207 Nannie Helen Burroughs

PMG New Jersey LLC

13,939

0.32

$578,610

MU-3

a. T he Residences at Hayes (5201 Hayes St., NE): The Warrenton Group redeveloped a vacant site into 150 affordable residential units in 2018. b. T he Strand Residences (5119–5127 Nannie Helen Burroughs Ave., NE): The Warrenton Group is building 86 affordable residential units and 2,600 SF of commercial space. The historic Strand Theatre will be transformed into the Deanwood Smokehouse (from owners of Ivy City Smokehouse)—a restaurant, music venue, bar, and community space. c. P rovidence Place (50th & Fitch St., NE): Progressive National Baptist Convention CDC is developing the site into a four-story, 93-unit affordable housing development.

DEANWOOD + EAST CAPITOL MAJOR DEVELOPMENT Completed since 2015 2014 Under Construction Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

ZONING

5700 East Capital

Supreme Council House Jacob USA

26,721

0.61

$2,174,630

5700 blk of East Capitol St NE

DC Housing Authority

61,817

1.42

5800 blk of East Capitol St NE

DC Housing Authority (c/o A&R/THC LLC)

37,055

0.85

$1,275,450

RA-1

5900 blk of East Capitol St SE

DC Housing Authority

55,572

1.28

$335,650

PUD (R5-A)

5929 East Capitol St SE

DC Housing Authority

124,606

2.86

$4,984,240

RA-2

5800–5900 blk of East Capitol St NE

DC Housing Authority

369,788

8.49

$12,546,980

PUD (C2-A, R5-A)

EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 21

GEORGIA AVENUE + HOWARD U. OPPORTUNITY ZONE UNIVERSITY CAMPUS

POPULATION: 18,300 ▲ 25% INCREASE SINCE 2010

MEDIAN HOME VALUE: $720,646

HOUSEHOLDS: 6,858

MEDIAN AGE: 30.3

AVERAGE HOUSEHOLD INCOME: $129,720 MAJOR INVESTMENTS • Whole Foods will anchor a 10-story, 428-unit apartment building with an expected Q4 2020 delivery at 965 Florida Avenue, NW. • The adjacent 14th & U Street neighborhood has seen 2,726 residential units and 384,000 SF of new retail development since 2010. A. McMillan Sand Filtration Site: Jair Lynch, Trammell Crow, EYA, and the Department of General Services will redevelop the 24-acre site into 2.1 million SF of mixed-use development that includes 660 residential units, 125,000 SF of retail, a 17,500 SF community center, and a 1 million SF of healthcare space. B. Armed Forces Retirement Home: Madison Marquette & Urban Atlantic were selected as master developers for the redevelopment of 80-acres of The Armed Forces Retirement Home (AFRH). At full built-out, the site could support up to 4.3 million SF of new mixed-use development.

MAJOR EMPLOYERS • Howard University Hospital • Howard University College of Medicine • Sodexo • Carlos Rosario International Career Center • 9:30 Club • Cardozo High School

POTENTIAL PROGRAMS (select) • Great Streets Small Business Grant • HUB Zone • Neighborhood Prosperity Fund (NPF) • Opportunity Zones • Supermarket Tax Incentives

Note: Demographics provided by Esri, 2019 estimates. All demographics are within 0.5 miles of Georgia Avenue & Howard Place, NW. Aerial photography on opposite page was captured in 2019 (source: opendata.dc.gov). 22 © 2020 WASHINGTON DC ECONOMIC PARTNERSHIP

GEORGIA AVENUE + HOWARD U. MAJOR DEVELOPMENT Completed since 2015 2014 Under Construction Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

2041 Georgia Ave

Howard University (land only)

651 Florida Ave NW

Jemal's 651 Florida LLC

623 Florida Ave NW

4 5

ZONING

667,939

15.33

$402,437,740

PDR-3/ RA-3

5,119

0.12

$3,505,660

PDR-3

TRS of Florida Ave Bapt Church

15,018

0.34

$3,954,830 MU-4/RF-1

301 Rhode Island Ave NW

United Planning organization

72,894

1.67

$16,352,710

MU-4

1844 3rd Street NW

1844 3rd LLC

8,315

0.19

$1,668,780

RF-1

a. T rellis House (907 Barry Pl., NW): Howard University, RISE, and Gateway Investment Partners built a six-story, 319-unit apartment building with 11,500 SF of retail space in 2018. b. T he Wren (965 Florida Ave., NW): MRP and Ellis Development Group are building 428-unit apartment building with a 51,000 SF Whole Foods (Q4 2020 estimated delivery). c. 9 01 W (901 Florida Ave., NW): The third phase of JBG Smith’s Atlantic Plumbing site is a 10-story, 256-unit residential building (Q1 2020 delivery). d. B ond Bread (2114 Georgia Ave. NW): Howard University selected Edens, Menkiti Group, and Fivesquares Development to redevelop the 2.2-acre site. Conceptual redevelopment scenarios include 450 residential units, 74,000 SF of retail, and potentially a 156-room hotel. e. M cMillan Sand Filtration Site (North Capitol St. & Michigan Ave., NW): Jair Lynch Real Estate Partners, EYA and Trammell Crow will redevelop the 24-acre site into 1.0 million SF of healthcare uses, 660 residential units, 80-125,000 SF of retail, a 17,500 SF community center and a 6.2-acre central park.

EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 23

GEORGIA AVENUE + WALTER REED OPPORTUNITY ZONE

MAJOR DEVELOPMENT Completed since 2015 Under Construction Pipeline

POPULATION: 6,878 ▲ 14% INCREASE SINCE 2010

MEDIAN HOME VALUE: $653,713

HOUSEHOLDS: 2,968

MEDIAN AGE: 41.5

AVERAGE HOUSEHOLD INCOME: $135,546

Note: Demographics provided by Esri, 2019 estimates. All demographics are within 0.5 miles of Georgia Avenue & Hemlock Street, NW. Aerial photography was captured in 2019 (source: opendata.dc.gov). 24 © 2020 WASHINGTON DC ECONOMIC PARTNERSHIP

GEORGIA AVENUE + WALTER REED MAJOR INVESTMENTS

MAJOR EMPLOYERS

• 5.2 million SF of development in the pipeline

• ACECO

• Target opened a store in 2019 at Georgia & Eastern Avenues

• DC International School & Latin American Montessori Bilingual School • FoodStaff Inc. • Parkinson Construction Company

POTENTIAL PROGRAMS (SELECT) • Great Streets Small Business Grant • HUB Zone • Neighborhood Prosperity Fund (NPF) • Opportunity Zones • Supermarket Tax Incentives

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

ZONING

7600 Georgia Ave NW

Capital Building Inc

20,530

0.47

$2,768,130

MU-4

7530 Georgia Ave NW

7530 Georgia Ave NW Partners LLC

18,847

0.43

$2,151,590

MU-4

7425 Georgia Ave NW

Capital Building Inc

32,679

0.75

$3,775,030

MU-4/R-2

7401 Georgia Ave NW

Anacostia Realty LLC

20,301

0.47

$3,046,220

MU-4/R-2

6711 Georgia Ave NW

Keshav Enterprises INC

23,454

0.54

$3,669,600

RA-2

6500 Piney Branch rd NW

NAI Saturn Eastern LLC (c/o New Albertson's Inc)

134,658

3.09

$14,324,230

MU-4

a. T he Brooks and the Vale (1010 Butternut Street, NW): Located at the corner of Georgia Avenue and Aspen Street, this will be the first market-rate mixed-use building to deliver at the Parks at Walter Reed (expected Q4 2020/Q1 2021 delivery) and will consist of 389 residential units (rental & condo) and 18,000 SF of retail. b. G eorgia Row at Walter Reed (7229 Georgia Ave., NW): Elm Street Development built 63 two-over-two condominum units in late 2018/early 2019. c. T he Parks at Walter Reed (6800 Georgia Ave., NW): Hines, Urban Atlantic, and Triden Development Group will redevelop 66 acres of the 110-acre campus into a 3.2 million SF mixed-use development with 20 acres of open space, over 2,200 residential units (including affordable housing), 236,000 SF of retail uses, a potential 200-room hotel & conference center, and 310,000 SF of office space. d. C hildren’s National Research & Innovation Campus (6825 16th St., NW): Children’s National Research & Innovation Campus at Walter Reed will be a 400,000 SF medical research facility on 11.68 acres focusing on research devoted to complex and rare genetic diseases and a primary care clinic. Partners include Johnson & Johnson JLABS and Virginia Tech.

EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 25

KENNEDY STREET OPPORTUNITY ZONE

POPULATION: 14,981 ▲ 10% INCREASE SINCE 2010

MEDIAN HOME VALUE: $477,056

HOUSEHOLDS: 5,722

MEDIAN AGE: 39.9

AVERAGE HOUSEHOLD INCOME: $85,021 MAJOR INVESTMENTS

MAJOR EMPLOYERS

• $10 million in streetscape and green infrastructure improvements completed in 2017.

• ABA Home Health Care

• Dantes Partners & Gilbane are redeveloping a DHCD site at 809–813 Kennedy Street into 38 residential units and 1,044 SF of retail space (2021 delivery). • ANXO Cidery & Tasting Room, Cheesemonster Studio, Home Rule Records, Jackie Lee’s, Library Tavern, Soup Up, and Lighthouse Yoga Center have opened along Kennedy Street in the last few years

• Washington Latin Public Charter School • Regional Contracting Service LLC • Paul Junior High Public Charter School

POTENTIAL PROGRAMS (select) • Great Streets Small Business Grant • HUB Zone • Neighborhood Prosperity Fund (NPF) • Opportunity Zones • Supermarket Tax Incentives

Note: Demographics provided by Esri, 2019 estimates. All demographics are within 0.5 miles of 4th & Kennedy Streets, NW. Aerial photography on opposite page was captured in 2019 (source: opendata.dc.gov). 26 © 2020 WASHINGTON DC ECONOMIC PARTNERSHIP

KENNEDY STREET MAJOR DEVELOPMENT

MAJOR DEVELOPMENT

Completed since 2014

Completed since 2015

Under Construction

Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

5429 Georgia Ave NW

Georgia & Kennedy LLC

830 Kennedy Street NW

ZONING

4,989

0.11

$961,620

MU-4

S&S Real Estate LLC

11,000

0.25

$2,392,800

MU-4

716 Kennedy St NW

Belva Jenkins

20,294

0.47

$2,447,070

MU-4

608 Kennedy Street NW

608 Keneedy St NW LLC

14,250

0.33

$1,194,310

MU-4

600 Kennedy Street NW

RN Horton Company

10,688

0.25

$2,234,070

MU-4

5425 5th Street NW

Brian Kim

10,120

0.23

$1,274,880

MU-4

139 Kennedy Street NW

Phi Beta Sigma Fraternity

13,225

0.30

$2,372,970

MU-4

5420 New Hampshire Ave

New Hampshire Ave LLC

15,689

0.36

$1,596,580

MU-4/RA-1

a. G eorgia Crossing (5806–5756 Georgia Ave.): Neighborhood Development Corporation plans to build 370+ residential units and 45,000 SF on the site. b. T odd A. Lee Senior Residences (809–813 Kennedy Street): Dantes Partner is redeveloping the 10,638 SF site into 38 units of affordable housing for seniors and 1,000 SF of retail space. c. 6 7–71 Kennedy & 5005 1st Streets: Coloma River Capital plans to build a four-story, 46-unit residential building with up to 8,500 SF of retail space. d. 22–24 Kennedy Street: District Properties purchased two parcels and could build up to a 70,000 SF multifamily building.

EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 27

MINNESOTA + BENNING OPPORTUNITY ZONE

POPULATION: 8,512 ▲ 13% INCREASE SINCE 2010

MEDIAN HOME VALUE: $288,060

HOUSEHOLDS: 3,728

MEDIAN AGE: 38.9

AVERAGE HOUSEHOLD INCOME: $49,954 MAJOR INVESTMENTS

MAJOR EMPLOYERS

• 2.5 million SF of development in the pipeline

• Safeway

• 1,000+ residential units have been built since 2010

• Washington DC Human Services Department

A. Parkside Mixed-use Development: City Interests, Marshall Heights CDO, and Bank of America CDC are developing the 26-acre site into 3.1 million SF of mixeduse development, including 2,000 residential units, 860,000 SF of office, and 50,000 SF of retail space. Several residential buildings have already been built.

• East River Family

B. East River Park: Cedar Realty Trust plans to redevelop the existing East River Park Shopping Center into 280 residential units, 33,000 SF of office, and 120,000 SF of retail space.

• Marshall Heights Community Development • Friendship Collegiate School

POTENTIAL PROGRAMS (select) • Great Streets Small Business Grant • HUB Zone • Neighborhood Prosperity Fund (NPF) • Opportunity Zones • Supermarket Tax Incentives

Note: Demographics provided by Esri, 2019 estimates. All demographics are within 0.5 miles of 40th & Clay Streets, NE. Aerial photography on opposite page was captured in 2019 (source: opendata.dc.gov). 28 © 2020 WASHINGTON DC ECONOMIC PARTNERSHIP

MINNESOTA + BENNING MAJOR DEVELOPMENT

MAJOR DEVELOPMENT

Completed since 2014

Completed since 2015

Under Construction

Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

3621 Benning Rd NE

3621 Benning Rd LLC

121,483

2.79

$4,776,430

PDR-1

3900 Benning Rd NE

Shop E Incorp

12,607

0.29

$962,840

MU-7

4045 Minnesota Ave NE

Jemal's Minnesota LP

19,758

0.45

$1,278,800

MU-7

4047–4063 Minnesota Ave NE

MBN Ltd

26,109

0.60

$2,070,130

MU-7

3939 Benning Rd NE

Marshall Heights CDO

26,921

0.62

$3,094,450

MU-7

100 42 Street NE

DC Government

72,736

1.67

$3,341,750

R-2

4435 Benning Rd NE

ZS Benning LLC

18,006

0.41

$699,280

MU-7

4443 Benning Rd NE

4443 Benning Rd LLC

15,431

0.35

$970,300

MU-7

4445 Benning Rd NE

Raphael Ehilen

24,715

0.57

$1,877,900

MU-7

4501 Benning Rd

Anacostia Realty LLC

19,372

0.44

$879,470

MU-7

4519 Benning Rd SE

Power Fuel & Transport LLC

11,354

0.26

$521,970

MU-7

4518–4128 Benning Rd SE

Benco Holdings LLC

41,504

0.95

$4,626,670

MU-7

ZONING

a. T he Solstice (3526–3552 East Capitol St., NE): MRP Realty redeveloped the former Greenway Market into 146 affordable housing units, 2,100 SF of retail space, and underground parking in 2019. b. E ast River Park Shopping Center (Minnesota Ave. & Benning Rd.): Cedar Realty Trust plans to redevelop the East River Park Shopping Center into 280 residential units, 120,000 SF of retail space, 33,000 SF of office space, and 622 parking spaces. c. T he Conway Center (4430 Benning Rd., NE): SOME built 202 affordable residential units, an employment & training center along with health services in 2018.

EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 29

PENNSYLVANIA AVENUE, SE OPPORTUNITY ZONE

POPULATION: 5,131

MEDIAN HOME VALUE: $461,667

HOUSEHOLDS: 2,383

MEDIAN AGE: 47.8

AVERAGE HOUSEHOLD INCOME: $96,465 MAJOR INVESTMENTS

MAJOR EMPLOYERS

• Phase I of the Shops at Penn Hill opened in 2019, anchored by Planet Fitness.

• Anne Beers Elementary

• Fort Davis Center (3863 Alabama Ave. SE), a 44,000 SF mixed-use community center, sold for $13.5 million in 2018

• MBI Health Service

• Randle Highlands Elementary

A. Shops at Penn Hill: Jair Lynch Real Estate Partners is upgrading & redeveloping the existing Penn Branch Shopping Center into at 209,000 SF mixed-use center. Phase I upgraded the existing 89,000 SF center and is anchored by Planet Fitness. Phase II could feature 100–150 residential units and up to 35,000 SF of commercial space.

POTENTIAL PROGRAMS (select)

B. Skyland Town Center: Rappaport, WC Smith, and the Washington East Foundation are redeveloping the Skyland Shopping Center, which will result in approximately 132,000 SF of retail space, medical/office uses, and 500+ residential units. Phase I will deliver 263 apartments and 84,000 SF of gross retail in Q3 2020. Future phases will include DC’s first Lidl and a Starbucks along with additional retail & restaurant uses.

• Opportunity Zones

• Great Streets Small Business Grant • HUB Zone • Neighborhood Prosperity Fund (NPF) • Supermarket Tax Incentives

Note: Demographics provided by Esri, 2019 estimates. All demographics are within 0.5 miles of Pennsylvania & Branch Avenues, SE. Aerial photography on opposite page was captured in 2019 (source: opendata.dc.gov). 30 © 2020 WASHINGTON DC ECONOMIC PARTNERSHIP

PENNSYLVANIA + ALABAMA AVENUES, SE MAJOR DEVELOPMENT Completed since 2015 2014 Under Construction Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

ZONING

3927–3959 Pennsylvania Ave

PA Properties (3829 Pennsylvania)

43,856

1.01

$5,918,320

MU-4

3825 Alabama Ave SE & 3908 Pennsylvania Ave SE

Anacostia Realty LLC

29,209

0.67

$1,567,740

MU-4

3863 Alabama Ave Se

Penn-Bama, LLC

37,724

0.87

$11,819,730

MU-4

3867–3871 Alabama Ave SE

Alexandria Corporation

18,562

0.43

$2,291,130

RA-1

EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 31

PENNSYLVANIA + BRANCH AVENUES, SE MAJOR DEVELOPMENT Completed since 2015 Under Construction Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

ZONING

3000 Pennsylvania Ave SE

Pennsylvania Ave Baptist Church

78,594

1.80

$5,018,070

R-1-B

Pennsylvania Ave SE

Burka Brothers

17,220

0.40

$619,400

MU-3

3250 Pennsylvania Ave SE

Leonard Burka

27,504

0.63

$1,387,200

MU-3

3201 Pennsylvania Ave SE

GTY CPG VA DC LEASING INC

10,602

0.24

$925,660

MU-3

3225–3233 Pennsylvania Ave SE

Western Ave Holdings LLC (c/o John C Formant Real Estate)

15,122

0.35

$1,396,130

MU-3

3235 Pennsylvania Ave SE

Claudia W Jackson Rep

14,594

0.34

$829,300

MU-3

a. S hops at Penn Branch Phase I (3200 Pennsylvania Ave., SE): The existing 82,000 SF Penn Branch Shopping Center underwent a $15 million renovation in 2019 by Jair Lynch Real Estate Partners and is anchored by a 20,000 SF Planet Fitness. b. S hops at Penn Branch (Phase II): Jair Lynch Real Estate Partners has preliminary plans to build a new 100–150 unit residential building with up to 35,000 SF of commercial space on the existing rear parking lot.

PENNSYLVANIA + MINNESOTA AVENUES, SE MAJOR DEVELOPMENT 2014 Completed since 2015 Under Construction Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

2301–2305 Pennsylvania Ave SE

RWG Development

29,068

0.67

$2,253,780

MU-4

2300 Pennsylvania Ave SE

Ghulam Corp

13,904

0.32

$1,289,400

MU-4

2324 Pennsylvania Ave SE

Sang C Lim

8,085

0.19

$1,191,240

MU-4

2337 Pennsylvania Ave SE

DC Govt

1,550

0.04

$231,860

MU-4

2500 Pennsylvania Ave SE

Penn Ave LLC

7,140

0.16

$666,900

MU-4

2510 Pennsylvania Ave SE

2510 Penn Ave Partners LLC

12,000

0.28

$1,483,720

MU-4

2501 Pennsylvania Ave SE

Shell Oil Company

11,214

0.26

$940,170

MU-4

2521–2529 Pennsylvania Ave SE

Maine Properties

24,398

0.56

$1,379,860

MU-4

2533 Pennsylvania Ave SE

2533 Pennsylvania Ave SE GP (c/o Rahimi Investment)

12,657

0.29

$961,500

MU-4

9,349

0.21

$308,610

MU-4

16,495

0.38

$1,543,480

MU-4

10 2537 Pennsylvania Ave SE

2537 Pennsylvania Ave Partnership LLC

American Security & Trust Co

2617 Pennsylvania Ave SE

ZONING

a. 2525 Minnesota Ave., SE: Neighborhood Development Corporation will build 26 affordable condominiums on the 0.45-acre site. b. B oone Elementary School (2200 Minnesota Ave., SE): The former Benjamin Orr Elementary School was replaced with a new three-story, 68,000 SF Lawrence E. Boone Elementary School with a capacity of 468 students. EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 33

RFK STADIUM CAMPUS OPPORTUNITY ZONE

POPULATION: 17,420 ▲ 13% INCREASE SINCE 2010

MEDIAN HOME VALUE: $777,403

HOUSEHOLDS: 8,170

MEDIAN AGE: 38.5

AVERAGE HOUSEHOLD INCOME: $180,094 MAJOR INVESTMENTS • Phase I of the RFK Stadium redevelopment transformed part of the 190-acre RFK Stadium site into three artificial multi-purpose recreations fields. The layout accommodates a youth soccer field, two baseball diamonds, two full soccer fields, and two lacrosse fields. Furthermore, there is a picnic area, playground, and a 6,000 SF pavilion. A. RFK Stadium Campus: The 190-acre RFK Stadium site could be redeveloped into multi-use recreation fields, a 47,000 SF market hall, 350,000 SF sports complex, three pedestrian bridges connecting Heritage and Kingman Islands and the River Terrace neighborhood, and a memorial to Robert F. Kennedy.

MAJOR EMPLOYERS • ASAP Services Corp • Eastern High School • USDA

POTENTIAL PROGRAMS (select) • HUB Zone • Neighborhood Prosperity Fund (NPF) • Opportunity Zones • Supermarket Tax Incentives

Note: Demographics provided by Esri, 2019 estimates. All demographics are within 0.5 miles of 14th Street and East Capitol Street, NE. Aerial photography on opposite page was captured in 2019 (source: opendata.dc.gov). 34 © 2020 WASHINGTON DC ECONOMIC PARTNERSHIP

RFK STADIUM CAMPUS MAJOR DEVELOPMENT Completed since 2015 Under Construction Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

ZONING

2000 blk of Gales St NE

Kevin Livingston

3,881

0.09

$69,740

RF-1

16th, F, Rosesdale Streets NE

Phyllis Chase

7,649

0.18

$67,080

RF-1

15th & F Streets NE

DC Government

5,040

0.12

$415,700

RA-2

429 18th St NE (rear)

Briley Incorporated

6,079

0.14

$668,690

RF-1

20th, E & D Streets NE

John Huennekens

7,768

0.18

$79,860

RF-1

1800 blk of D St NE

James B Briley Sr Trustee

4,947

0.11

$289,880

RF-1

15th, 16th, C & D Streets NE

Oliver Murray

10,750

0.25

$73,420

RF-1

a. R FK Stadium Campus (Phase I): Phase I of the RFK Stadium redevelopment transformed part of the 190-acre RFK Stadium site into three artificial multi-purpose recreations fields in 2019. The layout accommodates a youth soccer field, two baseball diamonds, two full soccer fields, and two lacrosse fields. Furthermore, there is a picnic area, playground, and a 6,000 SF pavilion. b. R FK Stadium Campus: EventsDC is leading the master plan efforts for the 190-acre RFK Stadium site. Potential plans call for a 47,000 SF market hall, a 350,000 SF sports complex, three pedestrian bridges, and a memorial to Robert F. Kennedy. c. H ill East Waterfront (formerly known as Reservation 13): The 67-acre site, owned by the DC government, could support approximately five million SF of mixed-use development. Currently, there is about 2.2 million SF of buildings on the site, including the DC Central Detention Facility and former medical facilities. d. B eckert’s Park (415 14th St., SE): Foulger-Pratt built 325 residential units and a new 60,000 SF Safeway grocery store on the site of a former Safeway location in Q2/Q3 2020.

EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 35

RHODE ISLAND AVENUE, NE OPPORTUNITY ZONE

POPULATION: 11,352 ▲ 42% INCREASE SINCE 2010

MEDIAN HOME VALUE: $518,539

HOUSEHOLDS: 4,899

MEDIAN AGE: 37.6

AVERAGE HOUSEHOLD INCOME: $85,672 MAJOR INVESTMENTS

MAJOR EMPLOYERS

• 18 million SF of development in the pipeline within onemile of 4th & Bryant Streets, NE

• Home Depot

• 3,600+ residential units under construction within onemile of 4th & Bryant Streets, NE • 1500+ residential units have been built within one-mile of 4th & Bryant Streets, NE since 2017 A. Bryant Street: MRP Realty plans for the redevelopment of the existing Rhode Island Avenue Shopping Center include up to 1,600 residential units and 250,000 SF of retail, anchored by a grocery store and 9-screen Alamo Drafthouse Cinema. B. RIA: MidCity plans to redevelop the 20-acre site into

a mixed-use, mixed-income neighborhood. Eight new city blocks will be created and will include 1,760 residential units and 182,000 SF of retail uses.

• Columbia Woodworking Inc • Forman Mills • Old Town Trolley Tours • DC Prep Charter Schools

POTENTIAL PROGRAMS (SELECT) • Great Streets Small Business Grant • HUB Zone • Neighborhood Prosperity Fund (NPF) • Opportunity Zones • Supermarket Tax Incentives

C. NewCityDC: Douglas Development has plans to redevelop the 16-acre site into 1.6 million SF of mixed-use development, including 1,350 residential units, 375,000 SF of retail & entertainment uses, and a potential hotel. Note: Demographics provided by Esri, 2019 estimates. All demographics are within 0.5 miles of 4th & Edgewood Ter, NE. Aerial photography on opposite page was captured in 2019 (source: opendata.dc.gov). 36 © 2020 WASHINGTON DC ECONOMIC PARTNERSHIP

RHODE ISLAND AVENUE, NE MAJOR DEVELOPMENT 2014 Completed since 2015 Under Construction Pipeline

ADDRESS

OWNER NAME

400 Rhode Island Ave NE

400 Rhode Island LLC

413–415 Rhode Island Ave NE

FIFTH STREET LLC

SQ. FT.

ACRES

TAX ASSESSMENT

ZONING

7,870

0.18

$908,390

MU-7

11,124

0.26

$1,915,200

MU-4

513 Rhode Island Ave NE

DC Government

9,375

0.22

$1,948,130

PDR-2

–533 Rhode Island Ave NE 519–

525 Rhode Island Ave LP

29,614

0.68

$2,772,880

PDR-2

1216 Saratoga Ave NE

Isle Patmos Baptist Church

29,301

0.67

$7,030,960

RA-1

1905 9th St NE

Patricia Yuen Life Insurance Trust

73,374

1.68

$7,364,410

PDR-4

1899 9th St NE

BET & DC Govt

92,552

2.12

$8,140,800

PDR-4

1900 W PL NE

BET & DC Govt

85,625

1.97

$13,825,850

PDR-4

1301 W Street NE

BET & DC Govt

132,175

3.03

$6,600,880

PDR-4

W St NE

DC Government

75,286

1.73

$4,140,730

PDR-4

1235 W Street NE

BET

50,000

1.15

$4,612,170

PDR-4

1241, 1333, 1403 W St NE

DC Government

586,773

13.47

$19,363,510

PDR-1 & 4

a. Bryant Street: The 13-acre Rhode Island Avenue Shopping Center will be redeveloped into a 1.56 million SF mixed-use project with 245,000 SF of retail and up to 1,600 residential units. Phase I will consist of three buildings totaling about 490 residential units, a nine-screen Alamo Draft Cinema, and approximately 40,000 SF of additional retail space in Q1 2021. b. Reed Street: Boundary Companies (1 acre), Jack Sarf’s Franklin & Rocky Properties (2.75 acres), and Trammell Crow (1.2 acres) made land purchases along Reed Street in 2018. c. B rookland Press (806 Channing Pl., NE): Douglas Development built 295 market-rate apartments and incorporated an existing industrial building on the site in 2017. d. RIA (14th St., Montana & Rhode Island Aves., NE): MidCity plans to redevelop the 20-acre site into a mixed-use neighborhood with 182,000 SF of retail space and 1,760 residential units (20% affordable units).

EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 37

SAINT ELIZABETHS OPPORTUNITY ZONE

POPULATION: 8,680 ▲ 56% INCREASE SINCE 2010

MEDIAN HOME VALUE: $285,232

HOUSEHOLDS: 3,328

MEDIAN AGE: 36.6

AVERAGE HOUSEHOLD INCOME: $56,630 MAJOR INVESTMENTS

MAJOR EMPLOYERS

• The redevelopment of the 176-acre West Campus of St. Elizabeths calls for the consolidation of the U.S. Department of Homeland Security (DHS). The master plan calls for 14,000-18,000 employees on the campus. Phase I was completed in 2013 with the construction of the new 3,700-employee, U.S. Coast Guard HQ. Phase II, completed in 2019, involved the construction and renovation of historic buildings for the new DHS HQ.

• Saint Elizabeths Hospital

A. Saint Elizabeths East: The redevelopment vision for the 183-acre site calls for one million SF of office space, 1,300 residential units, 236,000 SF of retail space, 500 hotel rooms, a new hospital and 250,000 SF of civic and educational uses. The 4,200-seat Entertainment & Sports Arena opened in 2018 and Whitman-Walker Health will be the anchor tenant in a new office building on Parcel 17. The DC government is also investing $100 million in infrastructure work (roads, utilities, sewers) through 2021.

• Homeland Security & Emergency Management • Pen Fed Credit Union • Chiaramonte Construction Company • WCS Construction, LLC

POTENTIAL PROGRAMS (SELECT) • Great Streets Small Business Grant • HUB Zone • Neighborhood Prosperity Fund (NPF) • Opportunity Zones • Supermarket Tax Incentives

Note: Demographics provided by Esri, 2019 estimates. All demographics are within 0.5 miles of Raleigh-Pl & Martin Luther King Jr Ave, SE. Aerial photography on opposite page was captured in 2019 (source: opendata.dc.gov). 38 © 2020 WASHINGTON DC ECONOMIC PARTNERSHIP

SAINT ELIZABETHS MAJOR DEVELOPMENT

MAJOR DEVELOPMENT

Completed since 2014

Completed since 2015

Under Construction

Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

3200 13th Street SE

Metro Apartments LLC

3210 13th St SE & 1309 Alabama Ave SE

3 4

ZONING

6,441

0.15

$507,830

RA-1

CityPartners

17,961

0.41

$1,585,930

RA-1

1315 Alabama Ave SE

WMATA

21,123

0.48

3232–3242 13th Street SE

Savannah Preservation Partners LLC

50,782

1.17

RA-1 $2,980,250

RA-1

a. T he 4,200-seat Entertainment & Sports Arena is the new home arena for the 2019 WNBA Chamption Washington Mystics and Capital City Go-Go home arenas, and Washington Wizards’ training complex. b. Parcel 11: As part of Phase I (Redbrick LMD is master developer) AEDC has redeveloped six historic buildings into 252 mixed-income apartments. c. Parcel 15: The 4.2-acre site will be redeveloped by Redbrick LMD into a town square surrounded by two residential buildings (288 units), a 125 150-room hotel, a 200,000 SF office building and up to 20,000 SF of retail space. d. Parcel 17: As part of Phase I (Redbrick LMD is master developer) Whitman-Walker Health has leased 116,000 SF in a build-to-suit office building that will also provide ground-floor retail & neighborhood services. Parcel 3

DC Government (178,596 SF)

Parcel 8

DC Government (113,256 SF): In January 2020 the DC government issued an RFP for the site, which includes Building 100. Ideal uses include education, workforce development, and business development needs for DC entrepreneurs.

Parcel 4

DC Government (156,816 SF)

Parcel 9

DC Government (84,902 SF): In January 2020 the DC government issued an RFP for the site, which includes Building 102 and a buildable lot to the northeast. Ideal uses include commercial and/or educational uses.

Parcel 5

DC Government (387,684 SF)

Parcel 10 & 14

As part of Phase I (Redbrick LMD is master developer) plans for Parcel 10 & 14 include 80-120 for-sale townhomes.

Parcel 6

DC Government (174,240 SF)

Parcel 13

DC Government (~4 acres): In January 2020 the DC government issued an RFP for the site, which will serve as transit-oriented development with access to the WMATA Congress Height Station. It can accommodate up to 126,324 SF of new construction by-right.

Parcel 7

DC Government (148,104 SF)

Parcel 16

DC Government (52,272 SF) EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 39

SOUTH CAPITOL STREET OPPORTUNITY ZONE

POPULATION: 13,714

MEDIAN HOME VALUE: $260,368

HOUSEHOLDS: 5,700

MEDIAN AGE: 32.1

AVERAGE HOUSEHOLD INCOME: $38,566 MAJOR INVESTMENTS

MAJOR EMPLOYERS

• Good Food Markets grocer will open in 2020 in the new 195-unit South Capitol Multifamily project at 4001 South Capitol Street. The project was awarded a $880,000 grant from the Neighborhood Prosperity Fund grant to support the buildout for the grocer.

• Community of Hope

A. Southern Hills: WinnDevelopment plans to redevelop the existing 9.2-acre, seven-building complex into an affordable community with five multi-family buildings (213 units), 42 townhomes, and a 25,000 SF community service center.

• Southeast Child Development Center

• Court Services & Offender Supervision Agency • DC Department of Human Services • Paramount Baptist Church

POTENTIAL PROGRAMS (SELECT) • Great Streets Small Business Grant • HUB Zone • Neighborhood Prosperity Fund (NPF) • Supermarket Tax Incentives

Note: Demographics provided by Esri, 2019 estimates. All demographics are within 0.5 miles of 4th & Atlantic Streets, SE. Aerial photography on opposite page was captured in 2019 (source: opendata.dc.gov). 40 © 2020 WASHINGTON DC ECONOMIC PARTNERSHIP

SOUTH CAPITOL STREET + BELLEVUE MAJOR DEVELOPMENT 2014 Completed since 2015 Under Construction Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

ZONING

3913 South Capitol St SW

South Capitol St Liberty LLC

11,093

0.25

$535,620

MU-4

3915 South Capitol St SW

SMS Properties Inc

7,501

0.17

$375,020

MU-4

3850 South Capitol St SE

SCSB Inc

36,719

0.84

$2,671,580

MU-4

3920 South Capitol St SE

Arnold Miller

27,890

0.64

$2,093,650

MU-4

a. 3840 South Capitol St., SE: Kaye Stern Properties plans to build 106-units of affordable housing on the site. b. T rinity Plaza (21 Atlantic St., SW): Far SW-SE CDC & MissionFirst Development built 49 affordable rental units and 6,000 SF of retail space in 2015. c. S outh Capitol Multifamily (4001 S. Capitol St., SW): City Interests & Michaels Development are redeveloping the former South Capitol Street Shopping Center into 195 affordable residential units and 5,000 SF of retail space with a spring/summer 2020 delivery.

EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 41

SOUTH CAPITOL STREET + UMC OPPORTUNITY ZONE

MAJOR DEVELOPMENT Completed since 2015 Under Construction Pipeline

ADDRESS

OWNER NAME

1310 Southern Ave SE

DC Government (United Medical Center)

SQ. FT.

ACRES

TAX ASSESSMENT

701,614

16.11

$71,966,620

ZONING RA-1

a. A sheford Court (15th & Mississippi Ave., SE): WC Smith completed Phase II in 2016 which included 55 single-family detached homes that offered up to 5BR & 4.5BA. b. The Townes at Archer Park (10th, 11th & Trend Pl., SE): NVR built 74 for-sale townhomes on a 3.67-acre vacant site in 2018. c. Archer Park (1100 & 1200 Mississippi Ave., SE): WC Smith built a new 190-unit affordable housing development in 2017.

SOUTH CAPITOL STREET + SOUTHERN AVENUE MAJOR DEVELOPMENT 2014 Completed since 2015 Under Construction Pipeline

ADDRESS

OWNER NAME

SQ. FT.

ACRES

TAX ASSESSMENT

ZONING

4700 S Capitol St SE

Shell Oil Company

33,348

0.77

$1,362,450

MU-7

400 Southern Ave SE

US Postal Office

49,400

1.13

$2,543,890

MU-5A

a. L iving Place at Southern (306 Southern Ave., SE): Dantes Partners and Gilbane are building a five-story, 152-unit affordable senior assisted living facility with an expected delivery of Q3 2021.

EMERGING NEIGHBORHOODS + OPPORTUNITY ZONES • 2020 EDITION 43

WDCEP

REAL ESTATE SERVICES 2020 EDITION

Neighborhood Profiles

In Public-Private Partnership with

DEVELOPMENT REPORT 2019 / 2020 EDITION

CITY RIDGE / DEVELOPED AND OWNED BY ROADSIDE DEVELOPMENT / NORTH AMERICA SEKISUI HOUSE

NEIGHBORHOOD PROFILES

In Public-Private Partnership with

DC Real Estate Search app

search.wdcep.com

DC Development Report

Maps

DC Real Estate Search tool

Whether you are looking to start a business or expand your existing business, WDCEP has multiple programs to help you grow. Our free site location assistance, local market intelligence, and development forecasts provide valuable insight into DC’s trends and opportunities.

wdcep.com | (202) 661-8670 | realestate@wdcep.com 1495 F Street, NW | Washington, DC 20004

WASHINGTON DC ECONOMIC PARTNERSHIP · 1495 F STREET, NW · WASHINGTON, DC 20004 · (202) 661-8670 · WDCEP.COM

Are you ready to invest in an Opportunity Zone? We can help. K&L Gates are nationally-recognized leaders with an experienced team ready to provide a full suite of practice areas necessary to assist investor stakeholders and developers to understand and successfully implement the OZ incentive.

Olivia S. Byrne Partner K&L Gates LLP 202.778.9412 olivia.byrne@klgates.com

1601 K Street, NW | Washington, D.C. 20006-1600 | P: +1.202.778.9000 | F: +1.202.778.9100

Mary Burke Baker Government Affairs Counselor K&L Gates LLP 202.778.9223 mary.baker@klgates.com