TOWN CENTER THE BEST KEEPS GETTING BETTER

Transcription

1 Reston TOWN CENTER THE BEST KEEPS GETTING BETTER

2 FEATURES 425K SF retail + 25K SF new retail space arriving early ,902 residential units units arriving early 2018 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 2.2M SF office 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 Leesburg 1 15B 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 PRIMARY TRADE AREA SECONDARY TRADE AREA 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 7 Mi. 5 Mi. 3 Mi. 1 Mi. 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 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 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 Affluent but high rate of mortgages 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 7.5M 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 SEE SITE PLAN ON NEXT PAGE FOR MORE DETAILS Future Mixed Use Transit Center 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 FREEDOM DR 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 Two Fountain Square 255,319 SF 25,000 Retail SF 508 Units One Fountain Square 249,060 SF 17Fifty 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 2,150,320 SF RESIDENTIAL 2,410 UNITS RETAIL 449,418 SF HOTEL 518 KEYS FUTURE DEVELOPMENT RESTON TOWN CENTER 9

10 RETAIL MERCHANDISING PLAN New Dominion Parkway 200 Units 400 Spaces 400 Spaces 78 Units 2,400 Spaces 2,400 Spaces 1,615 Spaces Fountain Drive 508 Units Delivering ,190 Proposed Parking Signature Spaces Development Site Surface Parking Spaces Spaces Balducci s RETAIL BELOW Future 19,930 Retail Space SF 19,930 SF Restaurant Space Available 4,600 SF 660 Units II Fornaio Roosters Subway PokeHub Midtown Kabob BB&T Midtown Jewelers Smiles Dentistry 2,590 SF Busara 5,286 SF Loulou 935 SF Charles Schwab 6,497 SF Sephora 5,595 SF 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 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 Prime Cleaners 533 SF Potbelly 2,257 SF Edibles Incredible 660 SF Eyewear Gallery 600 SF Chipotle 2,154 SF Neyla Paolo s Ristorante 6,536 SF Wells Fargo 2,260 SF Available 1,534 SF Talbots 5,594 SF Available 1,752 SF 2,796 SF HITT Contracting 3,646 SF 1,449 SF Ann Taylor Ann 3,600 Taylor SF St. Francis Street Town Square Park CVS Pharmacy 12,880 SF Town Square Drive 27,000 SF of Retail 359 Units 768 Spaces Barcelona 4,589 SF Bartaco 4,230 SF Explorer Street Vapiano 6,500 SF Passionfish 7,657 SF Dawn Price Baby 1,488 SF Paper Source 3,516 SF Anthropologie 9,001 SF Mon Ami Gabi 7,201 SF 1,839 Spaces 7657 RSF 421,447 SF Retail Owned by Boston Properties May Flowers 798 SF Red Velvet sweetgreen 742 SF 1,885 SF Available 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 Teavana 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 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&S M & S Grill 8,000 SF Fountain Square Pavillion & Seasonal Rink PR Barbers 619 SF Discovery Street Williams Sonoma Williams Sonoma 4,664 SF Appalachian Spring 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 INTRODUCING FEATURING 25,000 SF OF PREMIER RETAIL +508 UPSCALE RESIDENTIAL UNITS RESTON TOWN CENTER 11

12 350 Units 200 Units 350 Units 660 Units II Fornaio Town Square Park CVS Pharmacy 12,880 SF 7657 RSF 27,000 SF of Retail 359 Units 400 Spaces 78 Units BB&T Barcelona 4,589 SF Bartaco 4,230 SF Midtown Jewelers Smiles Dentistry 2,590 SF Busara 5,286 SF Vapiano 6,500 SF Passionfish 7,657 SF Charles Schwab 6,497 SF Sephora 5,595 SF Dawn Price Baby 1,488 SF Paper Source 3,516 SF 2,400 Spaces Anthropologie 9,001 SF Mon Ami Gabi 7,201 SF Morton s 7,837 SF Starbucks 1,316 SF Available 3,447 SF Pitango 1,237 SF The Counter 2,777 SF Crafthouse 4,480 SF Jackson s Fidelity 6,453 SF Red Velvet sweetgreen 742 SF 1,885 SF The Bike Lane 4,148 SF Crunch Fitness 25,179 SF Mighty Fine Food 10,777 SF South Moon Under 4,596 SF J.Crew 6,155 SF Tasting Room 943 SF Available 2,531 SF Teavana 1,363 SF Obi Sushi 2,207 SF Ted s Bulletin 5,515 SF Scout & Molly 1,366 SF L Occitaine 1,191 SF Apple 5,070 SF American Tap Room 4,976 SF Uncle Uncle Julio s 6,925 Julio s SF Big Bowl 5,380 SF Bowtie Cinema 51,511 SF Francesca s Collection 1,089 SF Pottery Pottery Barn Barn 10,007 SF J. Mclaughlin 1,144 SF Art Insights 940 SF Madewell Kendra Gap 2,819 SF Scott 1,994 SF Athleta 4,665 SF Victoria s Secret 6,842 SF McCormick McCormick & Jos. A & Schmick s 11,176 Schmick s SF Bank 5,000 SF Banana Banana Republic Republic 10,000 SF Prime Cleaners 533 SF Potbelly Chipotle 2,257 SF 2,154 SF Wells Davelle Edibles 2,666 SF Incredible Fargo 2,260 SF 660 SF Eyewear Neyla Paolo s Available FedEx Gallery Ristorante 6,536 SF 1,534 SF 4,235 SF 600 SF Chico s 3,750 SF Cigar Town 1,969 SF Clyde s 9,965 SF M&S M & S Grill 8,000 SF White Fountain Square House Black Market 3,284 SF Fountain Square Pavillion & Seasonal Rink Hen PR Barbers Penny 619 SF 1,669 SF 508 Units Delivering ,190 Proposed Parking Signature Spaces Development Site Surface Parking Spaces Spaces RETAIL BELOW Future Retail Space 19,930 SF Williams Sonoma Williams Sonoma 4,664 SF Talbots 5,594 SF 5379 USF Panera Bread Allen Edmonds 1,739 SF Tavern 64 Hyatt Regency 1684 USF 450 Spaces 2,796 SF HITT Contracting 3,646 SF 2688 USF Ann Taylor Ann 3,600 Taylor SF SITE PLAN 400 Spaces Roosters Subway Iceberry Midtown Kabob Loulou 935 SF 2,400 Spaces At&T 1,835 SF 1,615 Spaces Freedom Drive bluemercury 1,495 SF Ben & Jerry s 636 SF Fountain Drive Balducci s 19,930 SF Available 1,752 SF New Dominion Parkway 1,449 SF Restaurant Space Available 4,600 SF Market Street St. Francis Street Town Square Drive 768 Spaces Explorer Street May Flowers 798 SF Library Street Democracy Drive PNC Bank 830 SF PR Partners 2,400 SF Aveda 2,128 SF Potomac River Running 1,750 SF Le Pain Quotidien 2,962 SF 1,839 Spaces 512 Spaces Bluemont Way Discovery Street Appalachian Spring 2,104 SF Hyatt Regency 447 Spaces Presidents Street Reston Parkway North 79 Lowrise Units Existing Parking Garage 227 Units 21 LEVELS 19,930 SF (Ground Floor) 202 Units 19 LEVELS 4,600 SF Retail Space Existing Existing 17Fifty (Future) 17 LEVELS RESTON TOWN CENTER 12

13 NEW DOMINION PARKWAY VIEW FROM NEW DOMINION PARKWAY FOUNTAIN DRIVE FREEDOM DRIVE MARKET STREET PRESIDENTS ST RESTON TOWN CENTER 13

14 NEW DOMINION PARKWAY VIEW OF RESTAURANT SPACE FACING FREEDOM DRIVE FOUNTAIN DRIVE FREEDOM DRIVE MARKET STREET PRESIDENTS ST RESTON TOWN CENTER 14

15 RETAIL PLANS & PARKING RESTON TOWN CENTER 15

16 LEVEL 1 B1 LEVEL PUBLIC PARKING ENTRANCE +424 RAMP DOWN +422 FOUNTAIN DRIVE 19,930 SF TRASH 55 BAY LOADING MEP 35 BAY SHARED SERVICE CORRIDOR 35 BAY BAY RAMP UP +426 RETAIL SERVICE ELEVATOR RESIDENTIAL PARKING PUBLIC PARKING & LOADING RETAIL RESIDENTIAL & AMENITIES CORE & CORRIDOR POTENTIAL RETAIL ENTRY PUBLIC PARKING ELEVATORS RESIDENTIAL PARKING ENTRANCE FREEDOM DRIVE R E S T O N T O W N C E N T E R B L O C K 4 F A I R F A X C O U N T Y, V A RETA IL P A C K A G E RESTON TOWN CENTER 16

17 LEVEL 2 NORTH LOW-RISE RES. 01 LEVEL AMENITY COURTYARD LOBBY AMENITY RETAIL BELOW 19,930 SF LOADING BELOW F.F.E: 432 ENTRY COURT 4,600 SF Retail RETAIL 4,500 SF F.F.E: +431 RESIDENTIAL PARKING PUBLIC PARKING & LOADING RETAIL RESIDENTIAL & AMENITIES CORE & CORRIDOR Outdoor Seating Area PLAZA UP TO PARK RESTON TOWN CENTER BLOCK 4 F A I R F A X C O U N T Y, V A RESTON TOWN CENTER 17

18 PLAZA RETAIL SPACE 4,600 SF Retail RESTON TOWN CENTER 18

19 LEVELS B2 & B3 B2 LEVEL RESIDENTIAL PARKING PUBLIC PARKING & LOADING RETAIL RESIDENTIAL & AMENITIES CORE & CORRIDOR RESTON TOWN CENTER 19

20 FREEDOM DRIVE NEW DOMINION PARKWAY STACKING PLAN FOUNTAIN DRIVE R-2 R-1 A R-2 R-3 A RESTON PARKWAY KEY PLAN 220 BLDG HT PAST ASE 4,600 SF Plaza Retail Space Available 19,930 SF +422 ENTRY COURT RESIDENTIAL & AMENITY RETAIL * NOTE: FINAL SPACE PROGRAMMING SUBJECT TO CHANGE WITH FINAL DESIGN PARKING RESTON TOWN CENTER BLOCK 4 F A I R F A X C O U N T Y, V A RETAIL PACKAGE RESTON TOWN CENTER 20

21 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