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, & Pizza, and Le Pain Quotidien 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 + 275,000 SF Leidos HQ Under Construction RESTON TOWN CENTER 2

3 THE CENTER OF IT ALL Waterford rd TRADE AREA DEMOGRAPHICS Population Daytime Population Households 5-year growth Average HH Income Median Age llville Morven Park 1 15B Leesburg ONE LOUDOUN Cam Highroad Primary Secondary 485, , ,820 6% $158, ,185, , ,019 7% $154, RADIUS RINGS DEMOGRAPHICS DULLES TOWN CENTER 1 Mile g me vin ti dri rive les s d mi ute 8.2 min 17 7 Mi. 5 Mi. 3 Mi. 1 Mi. 15 Great Meadow Park BETHESDA ROW m 15 m iles driv in innute s driv g e tim e TYSONS GALLERIA 12.2 miles drivin g 23 minutes dri ve time PRIMARY TRADE AREA SECONDARY TRADE AREA FAIR OAKS MALL TYSONS CORNER CENTER 3 Mile 5 Mile Population ,661 Daytime Population 35,998 91,532 Households 7,632 46,681 5-year growth 8% 5% Average HH Income $129,074 $150,136 Median Age , ,226 80,919 5% $162, GEORGETOWN OWN N MOSAIC Centreville Ce e vi Gainesville RESTON TOWN CENTER 3

4 TRADE AREA: Location Highlights One of America s TOP TEN places to live -Money Magazine, nd LARGEST 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 BOOMBURBS Average Household Size: Median Household Income: $77,000 Average Household Size: Median Household Income: $157,000 Average Household Size: Median Household Income: $105, % PRIMARY TRADE AREA 24.4% 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 21.6% PRIMARY TRADE AREA 17.6% 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 2.9% PRIMARY TRADE AREA 10.7% SECONDARY TRADE AREA Young professionals with families Well-educated with running start on prosperity Well Connected * 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 Roosters 400 Spaces 78 Units Subway PokeHub Midtown Kabob BB&T Midtown Jewelers 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 FedEx 4,235 SF Fountain Drive Prime Cleaners 533 SF Potbelly 2,257 SF Edibles Incredible 660 SF Eyewear Gallery 600 SF 508 Units Delivering ,190 Proposed Parking Signature Spaces Development Site Surface Parking Spaces Spaces Balducci s Future 19,930 Retail RETAIL BELOW Space SF 19,930 SF Chipotle 2,154 SF Lease Pending Paolo s 6,536 SF Ristorante Wells Fargo 2,260 SF Available 1,534 SF Talbots 5,594 SF Available 1,752 SF 17Fifty Office Tower Under Construction Ann Taylor Available 2,055 SF Lease Pending 2,545 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 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 Lease Pending 3,447 SF Pitango 1,237 SF The Counter 2,777 SF Crafthouse 4,480 SF Jackson s Muse Mighty Fine Food Fidelity 6,453 SF Paintbar 4,148 SF 10,777 SF J.Crew 6,155 SF Tasting Room 943 SF Available 2,531 SF &Pizza 1,363 SF Scout & Molly 1,366 SF L Occitaine 1,191 SF Library Street Apple 5,070 SF American Tap Room 4,976 SF Uncle Uncle Julio s 6,925 Julio s SF Francesca s Collection 1,089 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 McCormick & McCormick Schmick s & 11,176 Schmick s 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 Bluemont Way White Fountain Square House Black Market 3,284 SF Hen Penny 1,669 SF M Available & S Grill 8,000 SF Fountain Square Pavillion & Seasonal Rink PR Barbers 619 SF Discovery Street Williams Sonoma Williams Sonoma 4,664 SF Available 2,104 SF 5379 USF Panera Bread Allen Edmonds 1,739 SF Tavern USF Hyatt Regency 450 Spaces North 2688 USF 447 Spaces Presidents Street RESTON TOWN CENTER 10

11 Reston TOWN CENTER LISA STODDARD ABBY DAVIDS KAL