Capstone Collegiate Communities Community Update

October 11, 2018

Project Team

• Capstone Collegiate Communities (“Capstone”) - Birmingham, AL based company that specializes in the development and management of student housing communities in university towns throughout the country

• Formed in 2012 as part of the restructuring of Capstone Development, a student housing developer with more than 23 years of experience and a portfolio of 131 communities in 33 states

• Capstone is comprised of three divisions that focus on the development, construction and management of successful student housing communities

• Niles Bolton Associates - Nationally respected architect with offices in Alexandria, VA

• Christopher Consultants- Civil engineers based in the City of Fairfax for over 35 years

• Walsh, Colucci, Lubeley & Walsh PC – Land use attorneys

• Wells + Associates – Traffic engineers and consultants

Site Location

Community Benefits

• Supports the City’s Downtown

• Adds to the Variety of Housing types in the City

• Assures Efficient Movement of Traffic Along Safe Designed Streets

• No Adverse Impact on Home Values

• Promotes Revitalization and Attractive, Traditional Design

Support’s the City’s Downtown

• Increased residential base within walking distance that will support downtown retail and restaurants

• Real estate taxes paid by private ownership entity

• Revitalization of underutilized property

• Catalyst for future development and investment in downtown Fairfax

University Benefits

• Provision of quality, affordable and secure student housing

• Addresses continued growth of George Mason University (“GMU”)

• Limited on-campus housing and off-campus housing options proximate to campus

• Issues with students living in single-family neighborhoods (parking, traffic and noise)

• Better integration of GMU and Downtown Fairfax

• Provides for student housing options downtown

1168

224128

1802

314 246

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Commercial (Office/Retail) By-Right Use

Multifamily Proposed Student-OrientedHousing

Veh

icle

Tri

ps

Trip Generation

AM Peak Hour PM Peak Hour

Traffic Impact Overview

Multi-modal Transportation Opportunities

• Bicycle Connectivity

• Ample bicycle parking for residents/visitors

• Project will accommodate a bikeshare station (subject to further coordination with City)

• Bike route to campus includes bike lanes and sharrows

City of Fairfax Bicycle Trails Map

Walk/Bike Route to Campus (1 Mile)

SITE

Promotes Revitalization and Attractive Traditional Design

Existing Conditions

Existing Condition: 50% vacant primarily impervious surface

Proposed Development Plan

University Drive & Democracy Lane

University Drive & Layton Hall Drive

Layton Hall Drive

Layton Hall Drive and Private Drive

Proposed Development Plan

Open Space Concepts

Professionally Managed and Supervised Community

• Secure community managed by 24/7 on-site staff • Includes resident “Courtesy Managers” (off-duty police officers)

• Calls routed to staff via 24/7 call center

• Phone number will be provided to community

• Residents expected to comply with all community regulations • Residents held accountable for behavior

• Failure to comply may result in lease termination and removal from community

• Parking restrictions and location of guest parking communicated to residents• Residents informed that illegally parked vehicles may be towed

A History of Successful Implementation

Fremont Station Exterior

Northpoint Crossings Exterior

Left: Fremont Station Pool Area

Right: Hannah Lofts Street View

Left: Hannah Lofts Study Area

Right: Fremont Station Sauna

Left: Fremont Station Study Area

Right: Hannah lofts Computer Bar

Left: Baton Rouge Weight Lifting Area

Right: Baton Rouge Alternative Workout Area

Left: Colorado Springs Yoga Room

Right: Hannah Lofts Fitness Area

Left: Fremont Station Living Room

Right: Fremont Station Bedroom

Left: Lofts at City Center Bathroom

Right: Hannah Lofts Kitchen