TOWN CENTER THE BEST KEEPS GETTING BETTER

Transcription

1 Reston TOWN CENTER THE BEST KEEPS GETTING BETTER

2 FEATURES 425K SF retail NEW ADDITIONS Balducci s, Lululemon, and North Italia 1,902 residential units units in the Signature RESTON TOWN CENTER BLAZED THE TRAIL FOR SUBURBAN-URBAN MIXED-USE DEVELOPMENT... AND 25 YEARS LATER, IT S STILL THE ACT TO FOLLOW. 518 hotel rooms 32K meeting space 2.1M SF office + 275,000 SF Leidos HQ Under Construction RESTON TOWN CENTER 2

3 THE CENTER OF IT ALL TRADE AREA DEMOGRAPHICS Primary Secondary Population 371,964 1,054,525 Daytime Population 406, ,423 Households 131, ,733 6% 7% $172,507 $162, Waterford rd Morven Park Leesburg 5-year growth 1 15B Average HH Income Median Age RADIUS RINGS DEMOGRAPHICS 1 Mile 3 Miles 5 Miles Population 15, , ,171 Daytime Population 44, , ,621 7,689 44,982 79,190 1% 3% 4% $129,777 $147,465 $166, ONE LOUDOUN Cam Highroad DULLES TOWN CENTER g me vin ti dri rive les s d mi ute 8.2 min 17 7 Mi. 5 Mi. 3 Mi. 1 Mi. BETHESDA ROW m 15 m iles driv in innute s driv g e tim Great Meadow Park FAIR OAKS MALL Median Age TYSONS GALLERIA 12.2 miles drivin g 23 minutes dri ve time PRIMARY TRADE AREA 15 5-year growth Average HH Income e SECONDARY TRADE AREA Households TYSONS CORNER CENTER GEORGETOWN MOSAIC Centreville Ce e vi Gainesville Manassas RESTON TOWN CENTER 3

4 TRADE AREA: Location Highlights One of America s TOP TEN places to live -Money Magazine, nd LARGEST Office Market in Virginia 4th WEALTHIEST County in America MAJOR EMPLOYMENT CENTER 22M SF OFFICE SPACE IN RESTON SUBMARKET 5,352 RESIDENTIAL UNITS within WALKING DISTANCE EXISTING OR UNDER CONSTRUCTION #1 MOST POPULOUS County in Virginia Top 50 BEST PLACES to Raise a Family 11 MINUTES from DULLES INTERNATIONAL AIRPORT RESTON TOWN CENTER 4

5 TRADE AREA: The Silver Line-Scheduled Completion 2020 RESTON TOWN CENTER 5

6 MEET THE CUSTOMER: Top 3 Consumer Segments ENTERPRISING PROFESSIONALS TOP TIER PROFESSIONAL PRIDE Average Household Size: Median Household Income: $77,000 Average Household Size: Median Household Income: $173,200 Average Household Size: Median Household Income: $138,100 27% PRIMARY TRADE AREA 24.5% SECONDARY TRADE AREA Well Educated and climbing ladder in STEM occupations Diverse; 1/5 Asian 1.5X the US Median Income High-risk investments Live in condos, townhomes, and apartments 22.5% PRIMARY TRADE AREA 16.3% SECONDARY TRADE AREA 3X the US Household Income Big Spenders with Big Purchasing Power Highly Educated professionals who have reached corporate career goals Accumulated Avg. Net worth of over 1.5M Established wealth- educated, welltraveled, married 14.2% PRIMARY TRADE AREA 13% SECONDARY TRADE AREA Well-educated career professionals Highly qualified in the science, technology, law or finance fields High-risk investments Tech savvy Take pride in their picture-perfect homes * Percentage of Primary Trade Area RESTON TOWN CENTER 6

7 RESTON EXPERIENCE HOLIDAY EXPERIENCE IS EVERYTHING! SUMMER 400,000+ AT RTC EVENTS per year 65+ EVENTS per month ANNUAL WINTER RESTON TOWN CENTER 7

8 PEDESTRIAN TRADE AREA Herndon Centre -Mom s Organic -Kmart Residence Inn By Marriot ELDEN ST Comfort Inn 450 Units FAIRFAX COUNTY PKWY 51,000 VPD 400 Units BARON CAMERON AVE 24,000 VPD Reston Hospital Center NEW DOMINION PKWY 174 Units 180 Units 276 Units North County Government Center Trader Joe s 100 Units The Spectrum -Harris Teeter -Best Buy -Container Store Home Depot RESTON PKWY 59,000 VPD 360 Units BARON CAMERON AVE 418 Units 346 Units OFFICE 7.8M SF RESIDENTIAL 5,000+ UNITS RETAIL 1.2M SF HOTEL 911 KEYS FUTURE DEVELOPMENT Extended Stay America Target Village Commons 442 Units SUNSET HILLS RD TOWN CENTER PKWY RTC West 500,000 SF Office 40,100 Future Retail DULLES TOLLD RD 56,000 VPD Future Mixed Use Transit Center Reston TOWN CENTER SEE SITE PLAN ON NEXT PAGE FOR MORE DETAILS 260,000 SF 367,000 SF WASHINGTON AND OLD DOMINION TRAIL RESTON OVERLOOK 453,000 SF Future RESTON PKWY 59,000 VPD 115 Units (Future Development) 336 Units 296 Units Oracle 185 Units Plaza America -Whole Foods - CVS 262 Units 367,000 SF RESTON TOWN CENTER 8

9 RESTON URBAN CORE NEW DOMINION PKWY RESTON PKWY 59,000 VPD Savoy 365 Units Metropolitan 287 Units ST FRANCIS ST Midtown North 78 Units Midtown 371 Units EXPLORER ST Freedom Square 793,674 SF LIBRARY ST FREEDOM DR Two Fountain Square 255,319 SF 508 Residential Units One Fountain Square 230,060 SF 17Fifty Leidos HQ 275,000 SF MARKET ST South of Market 567,051 SF Southwest Building 49,780 SF TOWN CENTER PKWY Market Street Condo 442 Units DEMOCRACY DR Hyatt Avant 359 Units Democracy Tower 235,436 SF BLUEMONT WAY WASHIINGTON AND OLD DOMINION TRAIL OFFICE 2,406,260 SF RESIDENTIAL 2,410 UNITS RETAIL 413,632 SF HOTEL 518 KEYS FUTURE DEVELOPMENT RESTON TOWN CENTER 9

10 RETAIL MERCHANDISING PLAN Residential Residential New Dominion Parkway Residential 200 Units Residential 660 Units II Fornaio 400 Spaces 400 Spaces 78 Units Roosters Subway PokeHub Midtown Kabob BB&T Smiles Dentistry 2,590 SF Lease Pending 5,286 SF Loulou 935 SF 2,400 Spaces Charles Schwab 6,497 SF Sephora 5,595 SF 2,400 Spaces Morton s 7,837 SF Starbucks 1,316 SF Crunch Fitness 25,179 SF At&T 1,835 SF South Moon Under 4,596 SF Obi Sushi 2,207 SF Ted s Bulletin 5,515 SF Freedom Drive Bowtie Cinema 51,511 SF 1,615 Spaces Art Insights 940 SF Madewell 2,819 SF Kendra Gap Scott 1,994 SF bluemercury 1,495 SF Ben & Jerry s 636 SF Davelle 2,666 SF Chico s 3,750 SF Prime Cleaners 533 SF FedEx 4,235 SF Potbelly 2,257 SF Fountain Drive 660 SF Eyewear Gallery 600 SF Chipotle 2,154 SF North Italia Paolo s 6,536 SF Ristorante 508 Units 1,190 Proposed Parking Signature Spaces Development Site Surface Parking Spaces Spaces Future Balducci s RETAIL BELOW Retail Space SF 19,930 SF Wells Fargo 2,260 SF 1,534 SF Talbots 5,594 SF 1,752 SF 17Fifty Office Tower Under Construction Ann Taylor 2,230 SF Peet s Coffee 2,382 SF St. Francis Street Town Square Park CVS Pharmacy 12,880 SF Town Square Drive 27,000 SF of Retail 359 Residential Units 768 Spaces Midtown Jewelers Barcelona 4,589 SF Bartaco 4,230 SF Explorer Street Vapiano 6,500 SF Passionfish 9,657 SF Dawn Price Baby 1,488 SF Paper Source 3,516 SF Mason s Famous 742 SF Anthropologie 9,001 SF Mon Ami Gabi 7,201 SF 1,839 Spaces 7657 RSF 413,632 SF Retail Owned by Boston Properties May Flowers 798 SF sweetgreen 1,885 SF Lululemon 3,447 SF Pitango 1,237 SF The Counter 2,777 SF Crafthouse 4,480 SF Muse Jackson s Paintbar Mighty Fine Food Fidelity 10,777 SF 4,148 SF 6,453 SF J.Crew 6,155 SF Lease Pending 943 SF 2,531 SF &Pizza 1,363 SF Library Street Scout & Molly 1,366 SF Francesca s Collection 1,089 SF Apple 5,070 SF American Tap Room 4,976 SF Uncle Uncle Julio s 6,925 Julio s SF Pottery Pottery Barn 10,007 SF PNC Bank 830 SF Democracy Drive Big Bowl 5,380 SF Aveda J. Mclaughlin 1,144 SF Jos. A Bank 5,000 SF 2,128 SF Potomac River Running 1,750 SF Le Pain Quotidien 2,962 SF Victoria s Secret 6,842 SF Market Street L Occitaine 1,191 SF White House Black Market 3,284 SF McCormick & McCormick Schmick s & Schmick s 11,176 SF 512 Spaces Athleta 4,665 SF Banana Banana Republic Republic 10,000 SF Clyde s 9,965 SF PR Partners 2,400 SF Cigar Town 1,969 SF Lease M & S Grill Pending 8,000 SF Bluemont Way 1,669 SF Fountain Square Fountain Square Pavillion & Seasonal Rink PR Barbers 619 SF Discovery Street Williams Sonoma Williams Sonoma 4,664 SF Lease Pending 2,104 SF 5379 USF Panera Bread Allen Edmonds 1,739 SF 1684 USF Hyatt Regency 450 Spaces North Tavern USF 447 Spaces Presidents Street RESTON TOWN CENTER 10

11 Reston TOWN CENTER LISA STODDARD ABBY DAVIDS CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. KAL