800 North Glebe Road Redefining the Ballston Streetscape April 25, 2012

Transcription

1 800 North Glebe Road Redefining the Ballston Streetscape April 25, 2012

2 The JBG Companies - Overview Investment Management and Development Firm founded in 1960 Since 1999, raised $5.5 billion of fund capital and invested in over 160 assets Fund VIII - $752 MM Developed, owned and / or managed: 30 MM SF of office space 15,000 residential units 5.5 MM SF of retail 4,500 hotel rooms Current development pipeline: 8.5MM SF of office space 2.2MM SF of retail space 13,200 residential units 2,500 hotel rooms Portfolio is DC metro area, primarily inside the beltway and metrocentric in mixed use environments.

3 Rosslyn Ballston Corridor Experience - Rosslyn

4 Rosslyn Ballston Corridor Experience - Ballston

5 Site Assemblage (2007)

6 Site Assemblage (2007)

7 Site Assemblage

8 Site Assemblage

9 Site Assemblage

10 Site Assemblage

11 Façade Studies

12 Façade Studies

13 Façade Studies

14 Façade Studies

15 Façade Studies

16 Approved Site Plan

17 Approved Site Plan Site Challenges Multiple uses / users Reintroduce 9 th Street Mid block crossing Bluemont massing concerns Architectural Critique Site Phaseability

18 800 North Glebe Architecture Overview Site Plan Building Design Façade Lobby Design

19 Approved Site Plan

20 800 North Glebe Studies

21 800 North Glebe Studies

22 800 North Glebe Building Exterior

23 800 North Glebe Building Exterior

24 800 North Glebe Building Exterior

25 800 North Glebe Construction & Development Considerations Assemblage Structure Financing in adverse economic climate Trophy upgrades Historic elements Peck Diamonds Historic Markers Branding

26 800 North Glebe Lobby Design

27 800 North Glebe Lobby Design

28 Historical Markers

29 Construction & Development Considerations Site coordination AHC Virginia Tech Townhouse Lots Mixed-use site design Parking Linear park Transition of uses Pedestrian cross-walk

30 Peck Site Below Grade Parking

31 800 North Glebe Pedestrian Crosswalk at 9 th Street and North Glebe Road

32 800 North Glebe Retail Leasing and Marketing Vision HISTORY MARKET EMBRACING BRAND MIXED USE DESIGN TARGETING TENANTS

33 800 North Glebe- Retail Marketing History Planned before the recession Designed retail to be anchored by Staples Good use for an office building/ good draw Staples withdraws New marketing effort initiated

34 800 North Glebe- Close in Market Demographic Snapshot 1 Mile 3 Mile Population 34, ,913 Daytime Population Median HH Income 39, ,619 $98,665 $88,924 Number of HH 16, ,800

35 800 North Glebe- Market Demographics Market Population Daytime Pop HH Income # of Households 1 Mile 3 Mile 1 Mile 3 Mile 1 Mile 3 Mile 1 Mile 3 Mile 800 N Glebe Bethesda 34, ,913 39, ,619 $98,665 $88,924 16, ,800 22, ,483 35, ,625 $65,446 $67,861 10,553 58,204 Tysons Corner 16,603 99,972 50,897 91,291 $91,619 $110,768 8,261 39,099 Reston 12, ,689 28,189 66,779 $60,519 $50,268 45,785 76,261 Rockville 16, ,937 34,595 81,472 $78,030 $87,997 8,252 56,911

36 800 North Glebe The R-B corridor- Orange Line 5 stations 22 million sf of office spaces- over 15M since ,600 housing units- 4 times as many as in 1980 Ballston the 18 hour community? Rosslyn is skewed to daytime Clarendon is sleepy during the day

37 800 North Glebe- Location Reluctance to take locations across the street

38 800 North Glebe- Good Planning Pedestrian cross walk at 9 th St and North Glebe

39 800 North Glebe- Embracing the Brand

40 800 North Glebe Embracing the Brand

41 800 North Glebe- Mixed Use Design with Brand Design challenge: Adding well branded retail without diminishing the building design

42 800 North Glebe A critical part of mixed use is tenant design coordination

43 800 North Glebe Design of storefronts can enhance or diminish the experience

44 800 North Glebe- Targeting Tenants STRATEGY Create amenity for office tenants Match tenant quality and design with building Identify unique uses to match iconic building design Billboard location- embrace the brand as opportunity New energy in exurban markets to serve sophisticated customers where they live/work- examples such as Matchbox in Rockville

45 800 North Glebe High quality casual restaurant Prospects Gym Sundries Coffee High quality fast casual/ health food Notable chef restaurant

46 800 North Glebe- First Protein Bar in DC Area

47 800 North Glebe- First Protein Bar in DC Area

48 800 North Glebegreat retail amenities for an iconic best in class building

49 Office Leasing in the RB Corridor History of Ballston The 80 s The 90 s 2000 Present

50 Office Leasing in the RB Corridor Why Trophy in Ballston? Market Conditions Robust Activity for the last 3 years Sub 8% overall RB Corridor Vacancy Trophy Attributes Location Amenities Architecture Lobby Views Efficiencies

51 Why Trophy in Ballston? Location Location

52 Why Trophy in Ballston? Amenities

53 Why Trophy in Ballston? Architecture

54 Why Trophy in Ballston? Lobby - Deborah Lehman Smith Design - Dynamic, Dramatic and Distinct - 25 Pilkington glass curtainwall system - Statuario Italian marble stone, hand selecting down to the veining design - Depp Glass sandwiching metal mesh - Illuminated stretched fabric ceiling creates glowing effect

55 Why Trophy in Ballston? Views

56 Why Trophy in Ballston? Efficiencies

57 Why Trophy in Ballston? Efficiencies

58 Why Trophy in Ballston? The Extras Fitness Facility Bathrooms Angled white stone sink reminiscent of the stone in the lobby Black porcelain floor tile and back splash Mecho Shades Stone Floor Lobby

59 Why Trophy in Ballston? The Extras Parking Elevators Ceiling Height Bulkhead along the full height glass line 9 and 11 ceilings Concierge

60 Office Leasing in the RB Corridor Is it Working? Today s Market Election Year activity is slow RB Corridor has some challenges Activity 800 N Glebe perceived as a Trophy quality project Movement toward quality and efficiency

61 800 North Glebe Why 800 North Glebe? Arlington allows Accenture to be closer to our clients, our employees and the metro. We work to enable our clients to become high-performance businesses and government agencies and closer proximity to one another will help us achieve our shared goals At Accenture, people are our biggest asset. We believe this office location will help enhance collaboration opportunities and puts us in the heart of metro DC. Being closer to metro means shorter commute times and increased support of ongoing sustainability efforts which includes lowering the cost of our carbon footprint.

62 800 North Glebe Why 800 North Glebe? You will see the new office gives our employees the freedom to choose how they work, the tools they use, and new ways to interface with one another and clients. There are new technologies allowing greater collaboration between employees and clients; flexible spaces, such as café s that double as working space. Sustainable office environment using eco-efficient guidelines and principles Motion sensors on light fixtures Carpeting from post consumer content nylon fibers Ceiling tile is made from 70-82% recycled content

63 Reduced costs 63 Accenture s Workplace Journey: Leading the way for more than a decade Technology has enabled continued change Accenture Real Estate Solutions: Selling workplace services to Workplace Strategy, clients Collaboration Technology Flexible Work Arrangements Work Happens. Everywhere. Technology Enablement Traditional Office Hoteling: Revolutionary just-in-time space reservations Progress of culture and mindset change FY97 FY01 FY02 FY03 FY04 FY06 FY08 FY10 Greater flexibility 2008 Our cutting-edge strategy and approach to workplace management serves as a model for clients and other companies. Copyright 2011 Accenture All Rights Reserved.

64 What is our workplace strategy? Work Happens. Everywhere. 64 Accenture s workplace strategy redefines how we work and utilize our workplace. As Accenture continues to evolve as a high-performance business, we always seek to create an even more effective and efficient work environment. Our workplace strategy enables us to Leverage new technologies and workspace tools Support teaming and collaborative working, face-to-face or at a distance Respond to evolving expectations of the next generation of Accenture employees Increase our flexibility to adapt to future business changes Support a greener way of working consistent with our environmental goals to lower our carbon footprint Create cost savings to transform how and where work happens. Copyright 2011 Accenture All Rights Reserved.

65 What can you expect? Cool technology to improve collaboration & productivity RoomWizard: Real-time room scheduling Intuitive whiteboards combine a traditional writable surface with touch screen capability Creative display allows users to manage multiple inputs simultaneously while collaborating with others More options for projection and multi-media technologies Cutting-edge technologies support collaboration and improve work output Real-time room scheduling system optimizes space utilization Laptop based VoIP and headsets increase mobility Copyright 2011 Accenture All Rights Reserved. 65

66 Houston: Workplace strategy realized 66 Functional Collaborative Productive Branded Client centric Reflective of core values Reflective of local culture/community Flexible Innovative Supportive of informal networking and learning Technology rich Copyright 2011 Accenture All Rights Reserved. 66

67 Hartford: Same building, same floor with an exciting new look and way of working café & open collaborative spaces 67 great city views! innovative technology meeting & teaming spaces lockers for daily storage open workspaces height- adjustable decks touchdown tables enclosed spaces

68 800 North Glebe Road Q & A