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City Lights - 53886

Available at Prezzip.com City Lights prezi template has a stylische graphic city skyline. Turn the lights on or of. With the transparent text holders you high light the important stuff!
by

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on 28 June 2016

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Transcript of City Lights - 53886

Separate elements
emograhics
Turn on the lights
Realize Rosslyn Sector Plan
andmark Location
D
Population, Households and Housing
RB Corridor
Washington DC Metro / Arlington RB Corridor
Unemployment Rates
Employment
Access
50% of customers are brand loyal
No unrepresented major hotel chain
Supply leans toward high-end execution
Market has plenty of meeting space
RevPAR = $145
Not cost justified
Hotel
Hotel
Office
20.9% Vacancy
-37K Total Absorbtion
Not Optimal
Hard to finance
Hotel is highly competitive
Few underserved market segments

Office
Supply glut
Limited demand
Difficult to finance

Neither execution maximizes land value in the current market
Hotel and Office Feasibility
L
ultifamily
• 7,985 units
• Vacancy 3.6%
• 1,564 units available in next 36 months
• 733 units absorbed last 12 months


Apartment Comparables
Future Supply
1901 N. Moore Street
Arlington, VA 22209
Site Redevelopment Analysis
I-66
George Washington Memorial Parkway
Key Bridge
Roosevelt Bridge
Housing
Population and Households
Financial Analysis
Rosslyn-Ballston Class-A Apartments
ondominium
C
M
R

etail
Roof top pool and meeting spaces
Luxury Condominiums
Luxury Condominiums
High-End Apartments
Ground Floor Retail
Well Appointed Interiors
Fitness Center
High-End Multifamily
Legal subdivision of parcel is recommended

Sell fee simple condominium parcel
Contribute apartment parcel to Joint Venture or ground lease

Apartments
Condominiums
Site Redevelopment Analysis
1901 N. Moore Street
Arlington, VA 22209
Amenities

- Lobby
- Concierge
- Fitness Center
- Pool
- Recreation Room
- Business Center

Retail Pipeline
Financial Analysis
Determine Highest and Best use for building site
Land Value
Asset mix
Investment yield
Summary
Sub-division of existing land parcel
1 - condominium development
1 - Apartment development

Residential asset class mix
132 condominium units = 163,274 Sq Ft
150 apartment units = 108,196 Sq Ft

Retail
Ground floor = 18,638 Sq Ft

IRR
Unlevered IRR = 9.8%
Levered IRR = 15.6%

Land Value
Condominiums = $19,413,000
Apartments = $9,005,000
Total = $28,418,000
Key Findings
S
ummary and Key Findings
ignature Trophy Class
S
Washington Metro Area
Arlington RB Corridor
Washington Metro Area
Arlington RB Corridor
Washington Metro Area Job Growth
Arlington's 2016 Largest Employers
A
nalysis of Property Types
Retail
Office
Hotel
Multifamily
Condominiums
Sedona
Slate
Rosslyn - Ballston Class-A Retail
Currently limited - mainly catered to working professionals
Managed transformation currently underway
Business oriented location vs. "Live, Work, Play"
Increased residential and employment will be driver
Rosslyn Retail Experience
Retail Comparables
Class A Retail
Adds to "Amenities" of the residential
Attracts new residents

Potential Use:
Boutique Grocer
otel and Office Analysis
H
Construction / Permanent Financing
Full transcript