5151 WISCONSIN AVENUE NW A N C 3 E P R E S E N TAT I O N December - PowerPoint PPT Presentation

5151 WISCONSIN AVENUE NW A N C 3 E P R E S E N TAT I O N December 13, 2018 Presented by: Jad Donohoe 5151 Wisconsin Avenue NW Presentation—December 13, 2018

AGENDA I. Donohoe Experience II. 5151 Today III. Re-development IV. How Do We Get There? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? 5151 Wisconsin Avenue NW Presentation—December 13, 2018

THE DONOHOE COMPANIES REAL ESTATE CONSTRUCTION DEVELOPMENT FACILITIES HOSPITALITY MANAGEMENT 1884 1955 1955 1963 1986 • Property management, • Build all commercial • Full-service real estate • Facilities management, • Hotel management and leasing and brokerage (offjce, product types operations & maintenance, consulting development services industrial, retail), hotel and engineering, MEP service, and • Top 25 General • Portfolio of 10 hotels in commercial investment sales • Developed landmarks: energy management Contractors in the DC region the DC area (2,186 rooms) Georgetown Park and Chevy • 9MM sf under • Federal and private • 81% of work volume is • 526 rooms currently Chase Pavilion commercial contracts management and leasing under development third-party • 35MM sf under management AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? 5151 Wisconsin Avenue NW Presentation—December 13, 2018

DONOHOE PROJECT EXPERIENCE Chevy Chase Pavilion Insignia on M (IOM) Gallery of Bethesda 1,000,000 sf Mixed-use/Hospitality/Offjce 330,000 sf Multifamily/Retail 252,000 sf Multifamily/Retail • Tallest building in Friendship Heights, DC • Required a complex land assemblage, which included three sepa- • First project completed in Montgomery County, Maryland to rate land purchases over ten years and several transfers of devel- utilize a new density transfer provision, allowing properties within • Organized business owners and community residents opment rights to achieve maximum density a planning area to move density between sites to optimize the in favor of project as part of a lengthy Planned Unit density and uses on site Development (PUD) and public input process • Site reprogrammed from offjce to residential use in response to market conditions • Required the assemblage of eleven properties owned by eleven • Negotiated access to Friendship Heights Metro, elevator difgerent property owners over fjve years easement and construction rights with WMATA • Required the purchase of Metro property, granting back easement rights for the Metro station to remain • The fjrst LEED Gold, smoke-free building in Bethesda • Coordinated extensive multi-jurisdictional right of way and traffjc issues and permanent alley closure • Coordinated with WMATA to build around and over the Navy Yard Metro station and tunnel AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? 5151 Wisconsin Avenue NW Presentation—December 13, 2018

5151 NEIGHBORHOOD AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? 5151 Wisconsin Avenue NW Presentation—December 13, 2018

5151 AERIAL VIEW Value in existing improvements, but opportunity for change: • Aging Building • No Retail • Blank Walls • Narrow Sidewalks • 1.1ac Asphalt Lot • 8’ Brick Wall facing Neighborhood • 705’ Tower AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? 5151 Wisconsin Avenue NW Presentation—December 13, 2018

5151 SITE AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? 5151 Wisconsin Avenue NW Presentation—December 13, 2018

100 YEARS OF TRANSIT AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? 5151 Wisconsin Avenue NW Presentation—December 13, 2018

RECENT PUD’S: DENSITY & HEIGHT 1. Babe’s (2013) 4.8 FAR; 71’ height 4 2. 4620 Wisconsin (2018) 2 5.73 FAR; 88’4” height 3 1 3. Dancing Crab (2019) 5.04 FAR; 80’ height 4. 4301 Military (2003) 5 3.95 FAR; 78’9” height 6 5. 5220 Wisconsin (2007; unbuilt) 5.25 FAR; 79’ height 6. 5151 Wisconsin (2020; potential) TENLEYTOWN (0.25 mile radius) FRIENDSHIP HEIGHTS (0.25 mile radius) approx. 3.43 FAR; 70’ height AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? 5151 Wisconsin Avenue NW Presentation—December 13, 2018

VIEW FROM WISCONSIN BEFORE/AFTER AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? 5151 Wisconsin Avenue NW Presentation—December 13, 2018

VIEW FROM 42ND BEFORE/AFTER AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? 5151 Wisconsin Avenue NW Presentation—December 13, 2018

RE-DEVELOPMENT 310,000sf Mixed-use building: • 280 Apartment units • 17,000sf Retail • 230 Parking spaces AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? 5151 Wisconsin Avenue NW Presentation—December 13, 2018

COMMUNITY BENEFITS Binding Community Benefjts to be Agreed During PUD Process. Benefjts may include: • Removal of 705’ tall tower, brick walls facing neighborhood, 1.1 acres of asphalt parking • Fresh building that engages with Wisconsin Avenue • 17,000 SF of new retail to neighborhood • 28+ Afgordable Housing Units • 25’ Sidewalk on Wisconsin – café seating opportunity, etc. • Improved compatibility with neighborhood • 30’ setback from curb on Garrison, Harrison, and 42nd St. • Pocket park opportunity at Wisconsin and Harrison • Fewer curb cuts, no RPP, and other benefjts TBD AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? AGENDA DONOHOE EXPERIENCE 5151 TODAY RE-DEVELOPMENT HOW DO WE GET THERE? 5151 Wisconsin Avenue NW Presentation—December 13, 2018