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Wards 7 & 8

Wards 7 & 8. 1) Demographics 2) Markets Housing (single-family) Office Grocery Stores 3) Transportation Metrorail 4) Development 5) Development Activity Search tool. Wards 7 & 8. Wards 7 & 8: Demographics. Demographics. Ward 7 + 8. DC. Comparison. Population Avg. HH Size

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Wards 7 & 8

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  1. Wards 7 & 8 • 1) Demographics • 2) Markets • Housing (single-family) • Office • Grocery Stores • 3) Transportation • Metrorail • 4) Development • 5) Development Activity Search tool

  2. Wards 7 & 8

  3. Wards 7 & 8: Demographics

  4. Demographics Ward 7 + 8 DC Comparison Population Avg. HH Size HH Ownership Median HH Income Median HH Value Median Age Education High School + Bachelor’s Degree + 145,945 2.56 32.5% $36,793 $249,864 31.6 79.3% 16.7% 600,671 2.17 40.4% $51,218 $387,674 35.9 86.1% 49.0% 24.3% 0.39 (7.9%) ($14,425) ($137,810) (4.3) (6.8%) (32.3%) Source: ESRI, 2010 Projections; Education based on population 25+ years of age

  5. Unemployment by Ward ACS (2004-2009) DOES (2010) Ward 1 Ward 2 Ward 3 Ward 4 Ward 5 Ward 6 Ward 7 Ward 8 7.2% 3.9% 3.4% 7.6% 13.2% 8.4% 18.7% 17.4% 8.5% 4.9% 2.6% 8.1% 13.2% 9.7% 16.7% 24.6% Source: ACS (American Community Survey); DOES data from US Bureau of Labor Statistics (Annual Not Seasonally Adjusted)

  6. Ward 7 & 8: Tapestry Segmentation

  7. Tapestry – City Strivers Households > 75% 50 - 75% 25% - 49% < 25%

  8. Tapestry Segmentation 45. City Strivers Demographic Residents of this young, relatively diverse urban market have a median age of 32.4 years and a 68 percent mix of family types, such as married couples, single parents, and other families. Nearly eight in ten residents are black.

  9. Tapestry Segmentation 45. City Strivers Socioeconomic The median household income is $41,696; the median net worth is $18,104. Some households receive Supplemental Security Income or public assistance income. Education attainment levels are below those of the U.S.; approximately 43 percent of residents aged 25 years and older have attended college. The 18 percent rate of unemployment is more than twice the national level. Approximately half of employed residents work in the service and health care industry sectors in the city. Twenty-two percent of the residents who are employed are government workers, employed primarily by the local government. Approximately one in five works in an office/administrative support position.

  10. Tapestry Segmentation 45. City Strivers Residential City Strivers residents live in densely populated, settled neighborhoods of major metropolitan areas, especially in New York City & Chicago. The median home value is $261,271. Nearly two-thirds of the households are located in the Northeast, with smaller concentrations in other regions of the United States. Approximately two-thirds of the households rent apartments in older, multiunit buildings built before 1960. Small buildings with two to four units are more common in these neighborhoods. Because of their urban surroundings, many residents rely on public transportation; two in five households do not own a vehicle.

  11. Tapestry Segmentation 45. City Strivers Preferences The rental homes in these neighborhoods are moderately equipped with the essentials. The high cost of living and rent lowers discretionary income. Many residents carry renter’s insurance. They shop at wholesale clubs for most of their groceries, baby products, and children’s essentials. They prefer accessible grocery stores such as Pathmark and Stop N Shop. A multitude of department and clothing stores is nearby. They eat fast-food at White Castle, Popeyes, Checkers, and Dunkin’ Donuts. Favorite stations include BET and cable movie channels such as Showtime, Cinemax, the Movie Channel, and Encore. They watch a lot of TV such as courtroom shows, talk shows, comedies, sci-fi, boxing, and prof. wrestling. They read music & bridal magazines and listen to urban, all-news, jazz, and variety radio. They attend prof. football & basketball games, go to the movies, take trips to Atlantic City, and visit theme parks such as Six Flags. They also play tennis and basketball.

  12. Wards 7 & 8: Markets • Housing (single-family) • Office • Grocery Stores

  13. Single Family Home (median sales $) Median Sale Price (2009 $), thousands of $ Source: NeighborhodInfoDC (via OTR)

  14. Single Family Home (# of sales) # of sales Source: NeighborhodInfoDC (via OTR)

  15. Private Office Market # Bldgs RBA (mm) Vacancy* Ward 1 Ward 2 Ward 3 Ward 4 Ward 5 Ward 6 Ward 7 Ward 8 181 1,174 160 79 105 476 45 72 3.0 104.2 6.2 1.2 2.2 26.8 0.25 0.72 8.0% 10.3% 9.0% 15.8% 8.1% 14.3% 12.7% 6.6% Source: CoStar 4Q 2010; *includes direct + sublet

  16. Two Challenges for Healthy Food in DC More information on food deserts at www.wdcep.com/industry-initiatives/retail/grocery-stores Access “Food deserts”, or areas with insufficient access to fresh food Source: DC Office of Planning

  17. Major Grocery Stores Existing Under Cons Pipeline* Totals Ward 1 Ward 2 Ward 3 Ward 4 Ward 5 Ward 6 Ward 7 Ward 8 7 8 11 3 3 7 4 3 1 1 1.5 3.5 3 1 1 7 9 11 4.5 7.5 10 5 4 *potential net new grocery stores in the next 5 years

  18. Major Grocery Stores I-495

  19. Capitol Gateway Marketplace

  20. Wards 7 & 8: Transportation

  21. Ward 7 & 8: Transportation Metrorail Access Five DC Stations = 17,932 avg. weekday exits* Traffic Counts** I-295 = 105,100 Pennsylvania Avenue = 50,400 Suitland Parkway = 44,200 East Capitol Street = 30,600 *Fiscal Year 2010 (Annual Averages: July 09 - June 10); **avg. annual weekday volumes (2008)

  22. Metrorail Usage* Avg. Weekday Exits Avg. Weekend Exits Benning Road (7) Deanwood (7) Minnesota Avenue (7) Anacostia (8) Congress Heights (8) Ward 7 & 8 Total Capitol Heights (MD) Southern Avenue (MD) Totals 2,862 1,683 3,228 7,702 2,457 17,932 1,956 5,643 25,530 Benning Road (7) Deanwood (7) Minnesota Avenue (7) Anacostia (8) Congress Heights (8) Ward 7 & 8 Total Capitol Heights (MD) Southern Avenue (MD) Totals 2,787 1,353 2,849 6,595 2,164 15,749 1,561 3,488 20,798 *Fiscal Year 2010 (Annual Averages: July 09 - June 10); Weekday (M-F); Weekend (Sat + Sun)

  23. Wards 7 & 8: Development

  24. Ward 7 & 8: Development Cycle (by total sq. ft.) Completed (since 1/2001) Under Construction Pipeline 31% 65% 5%

  25. Ward 7 + 8: Development Summary Under Construction Completed (since 1/2001) Pipeline TOTAL # of Projects Total SF Education SF Office SF Retail SF Residential Units Est. Project Cost 68 29,422,070 630,290 11,002,678 1,717,382 12,992 $11.1 B 18 2,243,671 484,528 1,175,000 5,500 321 $1.6 B 114 13,904,930 746,697 924,231 137,269 10,055 $2.4 B 200 45,570,671 1,861,515 13,101,909 1,860,151 23,368 $15.1 B *Projects have a minimum valuation of $5 million dollars – Fall 2010

  26. Ward 7+8 Pipeline 68 29,442,070 630,290 11,002,678 1,717,382 12,992 $11.1 B Development Pipeline % of DC’s Pipeline No. of Projects Total SF Education SF Office SF Retail SF Residential Units Est. Project Cost 20% 22% 31% 23% 25% 23% 26%

  27. Ward 7+8 Development Pipeline Fall 2010 Fall 2006 + / - 49 19,880,798 6,674,292 879,989 8,803 $3.9 B 19 9,541,272 4,328,386 837,393 4,189 $7.2 B 39% 48% 65% 95% 48% 185% No. of Projects Total SF Office SF Retail SF Residential Units Est. Project Cost 68 29,442,070 11,002,678 1,717,382 12,992 $11.1 B

  28. Office Development Pipeline Office Sq. Ft. > 15 mm 10 – 15 mm 5 - 10 mm < 5 mm Ward 7 & 8: ~11 mm sq. ft.

  29. Residential Development Pipeline Residential Units > 10,000 7,500 – 10,000 5,000 – 7,500 2,500 – 5,000 < 2,500 ~ 12,922 housing units

  30. Retail Development Pipeline Retail SF > 1,000 k 750 – 100 k 500 – 750 k 250 – 500 k < 250k Ward 7 & 8: ~ 1.7 mm sq. ft.

  31. Development Pipeline Skyland

  32. Ward 7: Development Potential 1. Parkside 1 Fort Mahan Park 2. Minnesota & Benning 2 3 3. East River Park

  33. Ward 8: Development Potential 1 ~acres 110 1. Poplar Point 2 10 2. Curtis/Four Points 37 3. Barry Farm 3 6 176 4. St. E – West ~1 mile I-295 I-295 173 13 5. St. E – East 6. Sheridan Station MLK Jr. Ave MLK Jr. Ave. ~520 4 Total 5

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