ward 5: development trends
DESCRIPTION
Ward 5: Development Trends. South Dakota Avenue. Rhode Island Avenue. North Capitol Street. New York Avenue. Ward 5: Transportation. Four Metrorail Stations = 24,626 avg. weekday exits*. New York Avenue, NE = 115,500 cars per day**. Brookland Walk Score = 94. - PowerPoint PPT PresentationTRANSCRIPT
2/2/11
2/2/11
Ward 5: Development Trends
Rhode Island Avenue
New York Avenue
No
rth C
apito
l Street
South Dakota Avenue
2/2/11
Ward 5: Transportation
*Fiscal Year 2010 (Annual Averages: July 09 - June 10); **avg. annual weekday volumes (2008)
Four Metrorail Stations = 24,626 avg. weekday exits*
New York Avenue, NE = 115,500 cars per day**
Brookland Walk Score = 94
2/2/11
Ward 5: Demographics
3-miles*
Population309,264
Food at Home~$550 mm
Food away from Home~$393 mm
*1402 Rhode Island Avenue NE (ESRI, 2010 Estimâtes & Projections)
2/2/11
Ward 5: Development Cycle (by total sq. ft.)
77%
18%Completed (since 1/2001)
Under Construction Pipeline
2/2/11
PipelineUnder
ConstructionCompleted
(since 1/2001) TOTAL
# of Projects
Total SF
Hotel Rooms
Office SF
Retail SF
Residential Units
Est. Project Cost
34
19,205,700
491
1,465,361
1,677,190
6,720
$5.0 B
6
1,287,196
0
0
75,000
987
$343 M
60
4,396,062
251
0
242,000
1,981
$1.1 B
100
24,888,958
742
1,465,361
1,994,190
9,688
$6.5 B
*Projects have a minimum valuation of $5 million dollars – December 2010
Ward 5: Development Trends
2/2/11
Residential Development (under construction + pipeline)
> 10,000
7,500 – 10,000 5,000 – 7,500
2,500 – 5,000
< 2,500
Residential Units
Ward 5 ~ 7,700 housing units
2/2/11
Ward 5: Residential Dev. (under construction + pipeline)
Residential Units
Rhode Island Avenue
New York Avenue
No
rth C
apito
l Street
South Dakota Avenue
2/2/11
Retail Development (under construction + pipeline)
> 2 mm sf
1.5 – 2 mm sf 1 – 1.5 mm sf
< 1 mm sf
Retail Sq. Ft.
Ward 5 ~ 1.8 mm sf of retail
2/2/11
Ward 5: Retail Development (under construction + pipeline)
Retail SF
Rhode Island Avenue
New York Avenue
No
rth C
apito
l Street
South Dakota Avenue
2/2/11
National
Arboretum
New York Avenue
Bla
dens
burg
Ave
nue
Ward 5: New York Avenue, NE
New York Avenue
Bla
dens
burg
Ave
nue
Hecht’s Warehouse
15.5 acres
Square 4268
16 acres
Shops at Dakota Crossing
430,000 retail sq. ft.
<2 miles
2/2/11