DC Development Report: 2014/2015 Edition

Burnham Place at Union Station / Akridge
Development
Report 2014/2015 edition

The Washington, DC Economic Partnership
would like to acknowledge our corporate
sponsors whose continued financial support
has made the DC Development Report:
2014/2015 Edition possible.
PUBLIC SECTOR PARTNERS
PRIVATE SECTOR PARTNERS
BOARD MEMBERS
Jeff Miller / Co-Chair
Deputy Mayor
Office of Deputy Mayor for Planning & Economic
Development
Richard Lake/Co-Chair
Roadside Development
Olivia Shay-Byrne/Vice Chair
Reed Smith, LLP
Doug Loescher/ DMPED Representative
Office of Deputy Mayor for Planning & Economic
Development
Jennifer Eugene/Secretary
Washington Gas
Joseph L. Askew, Jr., Esq.
Verizon
Steven C. Boyle
EDENS
Jean-Luc Brami
Gelberg Signs
Kenneth Brewer
H St. Community Development Corporation
Sean Cahill
Property Group Partners
Donna M. Cooper
Pepco
Daniel Duke
Bohler Engineering
Angela Franco
Greater Washington Hispanic Chamber of Commerce
Brett Greene
American Management Corporation
Michael J. Haddad
Capital One Bank
Tonya Hill
Comcast Business
Carl Hairston
M&T Bank
Stan Jackson
Anacostia Economic Development Corporation
Norman Jemal
Douglas Development Corporation
Greg Leisch
Delta Associates
Chester McPherson
DC Department of Insurance, Securities, & Banking
Rafael Muniz
The JBG Companies
Lisa Mallory
DC Building Industry Association
Thomas Nida
United Bank
Chris Niehaus
Microsoft
Scott Nordheimer
Urban Atlantic/A&R Development Corporation
Greg O’Dell
Events DC
Marc Ratner
Streetsense
Eric E. Richardson
DC Office of Cable Television
Rabbiah “Robbie” Sabbakhan
DC Department of Consumer & Regulatory Affairs
Tara Scanlon
Holland & Knight
Michael Stevens
Capitol Riverfront BID
Robert Summers
DC Department of Small & Local Business
Development
Mitchell Weintraub
Cordia Partners, LLC

Burnham Place at Union Station / Akridge
ImagecourtesyofAkridge
a publication of the in partnership with
Development
Report 2014/2015 edition

© 2014 Washington, DC Economic Partnershipiv
ABOUT
THE DC DEVELOPMENT REPORT
The DC Development Report is a summary of the major development and construction projects in the District of
Columbia. The Washington, DC Economic Partnership (WDCEP) began tracking development activity in 2001 with
the hope of creating a comprehensive database that would answer a number of questions in regards to the construction
activity in the city. The Report summarizes our entire database of projects, highlights major projects and what lies
ahead for development in the District of Columbia.
This update of the DC Development Report is an overview of development activity and of the expansion occurring in
DC. As a resource book, it is a compilation of nearly 14 years of data collection and research that provides an overview
of an ever-changing development and construction cycle.
The WDCEP performs an annual “development census” in the month of September and receives contributions from
more than 100 developers, architects, contractors and economic development organizations. This outreach results in
updates to more than 350 projects. While our database of projects is constantly being updated, for the purposes of this
publication all data reflects project status, design and information as of September 2014.
In 2014 the WDCEP partnered with CBRE to provide an economic overview of DC and in-depth analysis of the office,
retail and residential markets. Although every attempt was made to ensure the quality of the information contained in
this document, the WDCEP and CBRE makes no warranty or guarantee as to its accuracy, completeness or usefulness
for any given purpose.
For more information please see our Methodology section.
© Washington, DC Economic Partnership, 2014

1. DEVELOPMENT OVERVIEW
6 Economic Overview
12 Summary of Projects
14 Most Active Developers, Architects & Contractors
2. DEVELOPMENT BY SECTOR
19 Office
31 Retail
45 Residential
59 Hospitality
69 Education
3. APPENDIX
82 Methodology
85 Acknowledgements
TABLE OF
CONTENTS

The JBG Companies and JBGR Retail
proudly support the
Washington, DC Economic Partnership
JBG.COM JBGR.COM

cbre.com/dc
TRENDS EVOLVE.
EXPERTS LEAD.
CBRE knows Washington, D.C.
As the industry’s leading provider
of commercial leasing services,
investment sales and property
management, we have the insight
and perspective to anticipate what’s
next and what it means for the
Washington Metropolitan community
we serve.

DC Development Report • 2014/2015 Edition 5
DEVELOPMENT
OVERVIEW
Economic Overview / Summary of Projects / Most Active

© 2014 Washington, DC Economic Partnership6
ECONOMIC OVERVIEW
1. U.S. Census
ECONOMIC OVERVIEW OF THE DISTRICT OF COLUMBIA
While the District of Columbia (“DC”) has a total population of 646,449, its population increases to more than one million each day due
to the influx of employees coming predominantly from Northern Virginia and Suburban Maryland.1
In fact, the DC metropolitan area
maintains the second highest share of public transit commuters in the country, second only to New York City. DC saw total employment
rise 11.7% between September 2004 and September 2014 with the addition of 79,400 jobs. Though the unemployment rate remains
elevated at 7.8% as of September 2014, this is a significant decline from the 10.5% rate recorded in September 2011. The table below
presents the historical change and growth in employment levels for major industry groups in DC for the past five and ten years.
September 2004-2014 September 2009-2014
Change (000s) Change (%) Change (000s) Change (%)
Mining, Logging, and Construction 2.1 17.1% 3.2 28.6%
Manufacturing -1.7 -68.0% -0.4 -33.3%
Wholesale Trade 0.3 6.5% 0.4 8.9%
Retail Trade 3.9 22.3% 3.8 21.6%
Transportation and Utilities -1.3 -23.6% -0.2 -4.5%
Information -6.8 -28.3% -1.4 -7.5%
Financial Activities -1.6 -5.2% 2.0 7.4%
Professional and Business Services 12.7 8.8% 12.4 8.5%
Education and Health Services 36.0 39.1% 24.7 23.9%
Leisure and Hospitality 18.9 36.6% 11.9 20.3%
Other Services 9.8 16.5% 5.0 7.8%
Federal Government 8.7 4.5% -0.7 -0.3%
Source: U.S. Bureau of Labor Statistics
Office Employment
Office-using employment in DC continues struggling to
regain its footing as a result of the substantial cuts in federal
government employment. Between September 2013 and
September 2014, office-using employment experienced a net loss
of 700 jobs. Although the Professional and Business Services
sector, typically regarded as DC’s engine of employment growth,
observed a year-over-year increase of 2,800 jobs, this was offset
by the loss of 3,600 federal government jobs. Meanwhile, the
Financial Activities, Information, and Other Services sectors
added a combined 200 jobs.
September 2013 September 2014 Change (000s) Change (%)
Information 17.1 17.2 0.1 0.6%
Financial Activities 28.8 28.9 0.1 0.3%
Professional and Business Services 155.0 157.8 2.8 1.8%
Other Services 69.2 69.1 -0.1 -0.1%
Federal Government 204.5 200.9 -3.6 -1.8%
TOTAL OFFICE EMPLOYMENT 474.6 473.9 -0.7 -0.1%
Source: U.S. Bureau of Labor Statistics

Economic Overview
POPULATION GROWTH
Young Professionals
Young professional aged 25 to 44 years continue to constitute a growing share of the population in DC. According to the U.S. Census
Bureau, between 2004 and 2013, the share of the population within that age group grew by 3.6 percentage points, and now represents
36.5% of the overall population.
Birth Rate
The birth rate in DC has been on a downward trajectory over the past five years, but has remained elevated relative to the U.S. In the
past ten years, DC saw the highest birth rate level in 2008, when there were 15.4 births per 1,000 population. The latest available data
show this number has declined to 14.9 births per 1,000 in 2012.

Birth Rate
(# of Births per 1,000) U.S. Birth Rate Total Population (Ths.) Age 25 to 44 Age 25 to 44, (%)
2004 14.3 14.0 567.8 186.6 32.9
2005 14.5 14.0 567.1 185.7 32.7
2006 14.7 14.2 570.7 188.0 32.9
2007 15.1 14.3 574.4 190.2 33.1
2008 15.4 13.9 580.2 193.0 33.3
2009 15.1 13.5 592.2 199.1 33.6
2010 15.2 13.0 605.1 208.0 34.4
2011 15.0 12.7 619.6 218.5 35.3
2012 14.9 12.6 633.4 227.7 36.0
2013 n/a n/a 646.5 235.8 36.5
Sources: U.S. Census Bureau, Moody’s Analytics
EMPLOYMENT TRENDS
Public vs. Private Sector
DC’s public and private sectors have seen divergent employment trends during the past several years. When the U.S. economy was
rocked by the financial crisis, the private sector saw declining job growth. Since the recession, however, the private sector has made
great strides to reach pre-recession levels of employment, growing 13.5% between September 2009 and September 2014. Meanwhile,
public sector employment experienced large job gains in the aftermath of the recession due to the federal government’s stimulus plan.
Since 2009, however, public sector employment has dropped about 0.1% per annum, or 0.5% over the span of five years.
Legal Services
Employment in the Legal Services sector in DC reached its peak in July 2008 with almost 38,000 employees, though it quickly
plummeted thereafter with the onset of the Great Recession. Since 2012, employment has leveled and hovered around the 30,000
employee mark. A subsector of the Professional and Business Services sector, Legal Services has observed dwindling employment with
a 14.7% drop over the ten-year period from September 2004 to September 2014. Most of this employment decline is concentrated in
the latter five years during which the average annual rate of decline measured 2.4%. Law firms are among the top tenants in DC’s 125
million-sq.-ft. office market, occupying approximately one-third of the entire market.

ECONOMIC OVERVIEW
Educational Services
The Educational Services sector has observed a significant boost in employment over the past ten- and five-year periods. Between
September 2004 and September 2014, employment rose 54.7% with the addition of almost 22,000 jobs. Most of this employment growth
has been concentrated in the past five years, during which 17,700 people were added to the sector’s payroll. Although not an occupier
of office space, the Education sector is expected to continue expanding with the boom in “eds and meds,” particularly in DC and the
surrounding metropolitan area.
Health Care and Social Assistance
The Health Care and Social Assistance sector has experienced strong employment growth of 2.4% per annum between September 2009
and September 2014. However, the addition of 14,000 jobs between September 2004 and September 2014 has not led to a direct increase
in demand in the office market as the sector is not regarded as office-using.
September 2004-2014 September 2009-2014
Change (000s) Change (%) AAGR (%) Change (000s) Change (%) AAGR (%)
Total Private 72.3 16.2% 1.6% 61.4 13.5% 2.7%
Total Public 7.1 3.1% 0.3% -1.2 -0.5% -0.1%
Legal Services -5.0 -14.7% -1.5% -3.9 -11.9% -2.4%
Educational Services 22.0 54.7% 5.5% 17.7 39.8% 8.0%
Health Care and Social Assistance 14.0 27.0% 2.7% 7.0 11.9% 2.4%
Source: U.S. Bureau of Labor Statistics (AAGR=average annual growth rate)
INVESTMENT SALES
Foreign Purchasers
Foreign office real estate investment in DC has seen a steady increase over the past two years. The following chart represents foreign
capital investment in DC over the past five years. Over 50% of foreign investment purchases were concentrated in the last two of five
years. The capital has stemmed from a diverse group of investors encompassing Asia, the Middle East, and Europe. Israel has consistently
been a leader with regard to the total number of properties purchased.
The year-to-date numbers through Q3 2014 further emphasize the continued interest in DC’s office market. Year-to-date, eight properties
totaling over $1.6 billion worth of foreign capital and 3.0 million sq. ft. of space have been purchased. As Europe continues to show signs
of weakness and instability plagues areas of the Middle East and Asia, these figures are expected to remain stable as foreign investors
search for stronger and safer yield.

Economic Overview
ORIGIN OF CAPITAL (January 2009–September 2014)
Country Total Properties Purchased Total Volume ($M)
Germany 9 $1,159.20
Japan 5 $813.60
Canada 9 $739.70
Norway 3 $719.20
South Korea 2 $596.00
UK 4 $586.00
Kuwait 2 $516.00
Israel 6 $305.00
Italy 1 $93.50
Other 3 $111.10
Total 44 $5,639.40
Source: Real Capital Analytics
Foreign Sellers
Over the past two years, foreign capital has been among the least active when it comes to disposition of office assets in DC. Year-to-date
there has only been one disposition in DC from a foreign seller. In 2013, there was a handful, a majority of which came from Wereldhave
N.V.’s sale of 1401 New York Avenue and 701 8th Street, NW.

ECONOMIC OVERVIEW
NOTABLE OFFICE SALES COMPS (4Q 2013–3Q 2014)
Property Address Sale Price ($M) Price Per SF Buyer (True) Company Seller (True) Company Transaction Date
1401 New York Ave NW $950.0 $450 Heitman LLC, Minshall Stewart Properties, NPS Loan Star Funds 4Q 2013
555 12th St NW $505.0 $640 MetLife, Inc. Manulife Financial Corporation 1Q 2014
700 13th St NW $220.1 $851 Kuwait Investment Authority Beacon Capital Partners 1Q 2014
1333 H St NW $127.2 $473 MRP Realty, Inc. Miller Global Properties 3Q 2014
801 17th St NW $148.8 $948 Morgan Stanley Real Estate Advisor, Inc. Property Group Partners 1Q 2014
1110 Vermont Ave NW $162.5 $530 European Property Investment Corporation Tishman Speyer 1Q 2014
2550 M St NW $156.0 $753 Mirae Asset Global Investments Tishman Speyer 1Q 2014
55 M St SE $141.5 $529 Hines Global REIT, Inc. Monument Realty LLC 4Q 2013
2001 Pennsylvania Ave NW $107.8 $699 Carr Properties Property Group Partners 3Q 2014
1775 Eye St NW $104.5 $564 Washington Real Estate Investment Trust Lincoln Property Company 2Q 2014
Source: CoStar; Real Capital Analytics
NOTABLE APARTMENT SALES COMPS (4Q 2013–3Q 2014)
Property Address Sale Price ($M) Price Per Unit Buyer (True) Company Seller (True) Company Transaction Date
2700 Woodley Pl NW $195.0 $919,811 TIAA-CREF The JBG Companies 2Q 2014
3828 Georgia Ave NW $75.0 $344,037 Principal Global Investors LLC Duball, LLC 3Q 2014
443 New York Ave NW $73.0 $337,963 Washington Real Estate Investment Trust Greenfield Partners LLC 1Q 2014
2900 Connecticut Ave NW $39.0 $295,455 Commonwealth Cooperative Calomiris Associates 2Q 2014
325 P St SW $34.9 $156,285 Somerset Development Company LLC HDF&B Realty Advisors, LLC 4Q 2013
301 G St SW $34.0 $117,647 Urban Investment Partners, LP Capitol Park Associates 4Q 2013
1921 Kalorama Rd NW $19.8 $324,590 Goldman, Sachs & Co. Urban Investment Partners, LP 2Q 2014
1616 16th St NW $16.0 $280,702 Van Metre Companies Carmel Partners 2Q 2014
1706 G St NW $8.0 $333,333 Goldman, Sachs & Co. Urban Investment Partners, LP 4Q 2013
4000-4016 47th St NW $7.6 $269,643 47th Street LLC Urban Investment Partners, LP 4Q 2013
Source: CoStar; Real Capital Analytics

702 H Street NW, Suite 400
Washington, DC 20001
202.638.6300
www.douglasdevelopment.com
Enhancing communities and creating dynatic places since 1985
CONTACT US:
Douglas Development Corporation is one of the most
dominant and successful real estate developers in the
Washington area controlling nearly 9 million square feet.
The Company and its principals have earned a national
reputation as a leader in redevelopment of historical
properties. Douglas Development’s most notable, visible
and well known projects are in the East End of
Washington, and have served as the catalyst for the
redevelopment of the entire area.
With a current portfolio of nearly 9 million leasable
square feet and over 8 million square feet of
developable real estate in the pipeline, Douglas
Development is well established as one of the most
dominant and successful real estate developers in the
Washington area.

DEVELOPMENT OVERVIEW
1. all projects
DC DEVELOPMENT GROUNDBREAKINGS (September 2014, sq. ft. in millions) 1
20142013201220112010200920082007200620052004200320022001
11.1
13.4
9.4
10.3
12.7 13.1
10.4
7.5
4.3
10.7
10.4
9.6
10.6
10.3
YTD
Projects Sq. Ft. Estimated Cost ($B)
Completed 1,084 143,308,246 $43.4
2001 79 10,863,811 $2.2
2002 85 9,189,374 $2.2
2003 96 11,436,328 $3.1
2004 97 11,591,945 $2.8
2005 87 10,153,302 $2.4
2006 102 12,933,180 $3.7
2007 73 11,621,355 $3.6
2008 82 12,178,351 $4.1
2009 86 12,248,868 $4.4
2010 52 7,977,660 $2.5
2011 57 5,944,403 $2.3
2012 66 7,512,581 $2.4
2013 79 11,667,858 $4.8
2014 YTD 43 7,989,230 $2.9
Under Construction 149 23,095,189 $9.2
2014 delivery 31 2,518,958 $1.2
2015 delivery 82 10,292,102 $3.6
2016 delivery 30 6,236,275 $2.3
2017+ delivery 6 4,047,854 $2.1
Pipeline 339 131,692,249 $38.2
Near Term 102 17,432,652 $4.9
Medium Term 104 16,902,091 $4.8
Long Term 133 97,357,506 $28.5
SUMMARY OF PROJECTS (September 2014)
Summary of Projects
average square feet of
groundbreakings per year
from 2010 – 2013
MILLION
10.2

143.3 MILLION
Square Feet Completed
23.1 MILLION
Square Feet Under Construction
17.4 MILLION
Square Feet Near Term
16.9 MILLION
Square Feet Medium Term
97.4 MILLION
Square Feet Long Term
Summary of Projects
PROJECTS COMPLETED (2001–3Q 2014)
# OF PROJECTS SQ. FT. UNITS ROOMS
¢ Office 236 51,159,364
¢ Retail 286 6,288,615
¢ Residential 501 53,330,182 52,792
¢ Hospitality 166 16,858,596 12,804
¢ Education 159 13,107,526
Total Estimated Value of Projects: $43.4 billion
PROJECTS UNDER CONSTRUCTION
¢ Office 17 3,227,871
¢ Retail 62 1,786,853
¢ Residential 87 10,985,135 11,937
¢ Hospitality 22 2,924,757 2,320
¢ Education 21 3,515,317
PROJECTS NEAR TERM1
¢ Office 24 8,241,631
¢ Retail 53 1,062,165
¢ Residential 63 7,532,460 8,826
¢ Hospitality 21 1,063,449 1,207
¢ Education 7 492,047
PROJECTS MEDIUM TERM1
¢ Office 22 5,419,613
¢ Retail 50 946,108
¢ Residential 69 8,276,012 8,790
¢ Hospitality 23 2,006,455 1,514
¢ Education 6 84,000
PROJECTS LONG TERM1
¢ Office 58 34,540,568
¢ Retail 78 3,541,754
¢ Residential 70 35,293,065 35,258
¢ Hospitality 29 2,303,896 2,129
¢ Education 20 4,061,975
1. For further explanation of these terms please see the Appendix

DEVELOPMENT OVERVIEW
The figures below list the developers, architects and contractors that have been the most
active in contributing to DC’s development activity since January 2010.
1. projects completed since 2010, under construction or in the pipeline (excludes government agencies and colleges/universities)
Forest City Washington
Douglas Development Corporation
JAIR LYNCH Development Partners
WC Smith
The JBG Companies
10 7 7 24
7 8 23
13 4 3 20
3 4 11 18
6 2 6
8
14
MOST ACTIVE DEVELOPERS SINCE 2010 (# of projects)1
MOST ACTIVE ARCHITECTS SINCE 2010 (# of projects)1
MOST ACTIVE GENERAL CONTRACTORS SINCE 2010 (# of projects)1
Torti Gallas & Partners
WDG
Hickok Cole Architects
Eric Colbert & Associates PC
Bonstra Haresign Architects
Shalom Baranes Associates
15 5 23 43
12 6 9 27
8 4 12 24
17 3 3111
7 7 2410
6 8 228
WCS Construction LLC
Grunley Construction
Forrester Construction Company
Hamel Builders
Clark Construction Group LLC
26 12 4 42
17 9 29
19 4 1 24
15 5 3 23
7 7 22
3
8
¢ Completed
¢ Under Construction
¢ Pipeline
Most Active
Developers / Architects / Contractors

DEVELOPMENT
BY SECTOR
Office / Retail / Residential / Hospitality / Education

3050 K Street, NW • Suite 125 • Washington, DC 20007 • main 202.719.9000 • MRPRealty.com
Developing Great Places
Developing Great Partnerships
Developing Great Ideas

Development by Sector
OFFICE

© 2014 Washington, DC Economic Partnership
As office-using employment growth in DC lags behind
the national average, DC’s office market continues to
experience subdued velocity. Leasing activity for deals
over 10,000 sq. ft. totaled approximately 2.1 million sq.
ft. in Q3 2014. Although eight out of the top 10 largest
deals were renewals–including some contractions–no
new growth was observed in DC. As of Q3 2014, CBRE
tracked the overall vacancy rate for the city at 11.3%, an
increase of 90 basis points over the past year.
The 12-month trailing total net absorption was negative
824,000 sq. ft., emphasizing the current lackluster
environment in the DC office market. Though nearly
50% of the decrease in occupied space is due to one
large tenant relocating from DC to Virginia (Intelsat),
the number reflects the manner in which today’s
tenants are using office space.
In an attempt to reduce costs, firms–especially law
firms–look to real estate costs to bump up their bottom
line. Space efficiency trends such as free-address
workstations and telecommuting are allowing for a more
flexible work environment and reducing the need for
office space. Over the past year, seven out of the top 10
largest law firm leases involved a contraction in space,
decreasing the occupancy by an average of 22%.
As the DC office market continues to grapple with
uncertainty, landlords are looking to stabilize their
assets by renewing tenants of all sizes before their lease
expiration dates. Over the past 12 months, renewals
accounted for 43% of lease transactions over 10,000 sq.
ft. This number jumps to 63% when analyzing deals
50,000 sq. ft. or larger.
New construction in DC remains limited, as the current
under construction square footage is well below DC’s
five-year annual average of 1.9 million sq. ft. There
are currently 1.6 million sq. ft. of private sector space
currently under construction, with a preleasing rate of
38%, mostly to legal firms.1
Venable LLP recently agreed
to occupy 245,000 sq. ft. at 600 Massachusetts Avenue,
NW, which broke ground in the third quarter of 2014.
660 North Capitol Street, NW, a 200,000-sq.-ft., trophy
According to a CoreNet Global Real Estate
survey in 2012, the national average of
sq. ft. occupied per person dropped from
225 sq. ft. in 2010 to 175 sq. ft. in 2012 and
is expected to reach 151 sq. ft. by 2017.
Office Development in the District of Columbiaoffice
DC OFFICE MARKET SNAPSHOT (3Q 2014)1
INVENTORY
125.4 Million
Square Feet
TOTAL VACANCY RATE
11.3%
NET ABSORPTION
–823,741
Square Feet (4Q 13–3Q 14)
OVERALL AVG. ASKING RENTAL RATE
$53.17
per square foot (full service)
1. CBRE Research

DC OFFICE LEASES: TOP 30 DEALS SIGNED (1Q 2014 – 3Q 2014)1
Office Development
project in NoMa, also broke ground in the third quarter, though
on a speculative basis. The project is the third building to break
ground in DC on a speculative basis over the past 18 months,
suggesting developers’ growing sense of confidence that leasing
activity will strengthen in the coming years.
Investment sales held steady across DC in 2014. During the first
nine months of 2013, sales volume totaled $2.85 billion, compared
to $2.86 billion during the same time period this year. The largest
sale year to date was 555 12th Street, NW, which sold for $505
million, or approximately $640 per sq. ft.2
Over the past 20 years,
the price per sq. ft. for Class A and B buildings over 50,000 sq.
ft. has grown 7.6%, as institutional investors continue to seek a
historically stable real estate market.
While employment plays an important role in swaying office
space demand, firms are focused on reducing overhead costs
by employing greater efficiency in space use. As companies
continue consolidation and densification, the expected increase
in employment—particularly in the office-using sector—over the
next two years will not lead to a well-defined expansion in their
corporate footprint.
Approximately 1.3 million sq. ft. of private sector office space is
scheduled to deliver by 2015, and while demand is expected to
strengthen, overall vacancy rates will remain elevated at above
11%. The trophy segment of the market, however, will continue
to outperform other product types, as the development pipeline
remains limited and a high demand for trophy space continues.
Trends in Square Footage per Employee
An emerging trend in the global office market, space
efficiency has been substantially present in DC. A major
driver of this trend is firms’ emphasis on maximizing their
bottom line by cutting overhead costs. Firms, particularly in
the legal services sector within DC, are focusing on reducing
their overall space requirement as well as the average sq.
ft. per employee. Meanwhile, advancements in technology
have enabled for a paper-less environment due to laptops,
mobile devices, and wireless internet. This has led to greater
flexibility in the workplace due to the reduced need for
permanent offices or dedicated office space.
Open floor plans have reduced the amount of space needed
by large offices while simultaneously creating a more
collaborative environment; this is considered a win-win in
today’s increasingly dynamic workplace. The trend is especially
evident among the federal government and law firms, two of
DC’s largest demand drivers.
According to a CoreNet Global Real Estate survey in 2012, the
national average of sq. ft. occupied per person dropped from
225 sq. ft. in 2010 to 175 sq. ft. in 2012 and is expected to reach
151 sq. ft. by 2017. Considering the benefits, it is no surprise
this trend has gained notoriety and prominence. As firms
have turned to more collaborative space use, their real estate
strategy has become more efficient while proving beneficial to
their bottom line. ¾
BY DEAL TYPE
(YTD 2014)
26%
3% 70%
New/Relet
Renewal +
Expansion
Renewal
BY INDUSTRY
(Total Sq. Ft.)
6.1%
42% Government
Creative Industries
38.7% Legal
4.7%
4.0%
1.7%
1.5%
1.3%
Non-profits/
Business Associations
Business Services
Other
Technology
Telecommunications
1. CBRE Research 2. 800 17th Street was sold to TIAA-CREF and Norges Bank Investment Management for $1,075 per sq. ft. ($392 million) in 4Q 2014 (Washington, Business Journal, 10/31/14)

OFFICE DEVELOPMENT
TENANT LOCATION SUBMARKET SQ. FT. DATE TYPE
Federal Energy Regulatory Commission (GSA) 888 First St., NE NoMa 503,997 3Q 2014 Renewal
Hogan Lovells 555 13th St., NW East End 384,650 2Q 2014 Renewal
Department of Justice (GSA) 600 E St., NW East End 298,179 3Q 2014 Renewal
Morgan, Lewis & Bockius LLP 1111 Pennsylvania Ave., NW East End 268,866 3Q 2014 Renewal
The Washington Post 1301 K St., NW East End 249,898 2Q 2014 New
Venable LLP 600 Massachusetts Ave., NW East End 245,000 3Q 2014 New
Latham & Watkins 555 11th St., NW East End 238,300 1Q 2014 Renewal
National Park Service (GSA) 1201 Eye St., NW East End 220,000 2Q 2014 Renewal
The Department of Veterans Affairs (GSA) 1800 G St. NW CBD 163,917 2Q 2014 Renewal
White & Case LLP 701 13th St., NW East End 147,999 2Q 2014 Renewal
National Labor Relations Board (GSA) 1015 Half St., NE Capitol Riverfront 145,000 1Q 2014 New
O’Melveny & Myers LLP 1625 Eye St., NW CBD 100,087 3Q 2014 Renewal
Millennium Challenge Corp. 1099 14th St., NW East End 96,894 1Q 2014 New
Reed Smith LLP 1301 K St., NW East End 79,692 2Q 2014 Renewal
PhRMA 950 F St., NW East End 73,452 3Q 2014 Renewal
European External Action Service (EU) 2175 K St., NW CBD 71,055 3Q 2014 Renewal
USAO (GSA) 501 3rd St., NW Capitol Hill 70,000 2Q 2014 Renewal
World Resources Institute 10 G St., NE NoMa 65,609 3Q 2014 Renewal
Norton Rose Fulbright 799 9th St., NW East End 65,000 1Q 2014 New
Boies Schiller & Flexner 5301 Wisconsin Ave., NW Uptown 63,241 2Q 2014 Renewal/Expansion
DC Courts 616 H St., NW East End 63,000 1Q 2014 Renewal
Palantir Technology 1025 Thomas Jefferson St., NW Georgetown 61,000 3Q 2014 New
FCC (GSA) 1250 Maryland Ave., SW Southwest 56,500 1Q 2014 Renewal
Mercer Inc 1050 Connecticut Ave., NW CBD 56,460 1Q 2014 New
IBM 800 K St., NW East End 56,269 1Q 2014 Renewal
SSA (GSA) 500 E St., SW Southwest 55,745 1Q 2014 Renewal
U.S. Department of the Treasury (GSA) 1722 EYE St., NW CBD 54,771 2Q 2014 New
Verizon 1300 Eye St., NW East End 54,035 3Q 2014 Renewal
National Cable & Telecommunications Association 25 Massachusetts Ave., NW Capitol Hill 52,944 1Q 2014 Renewal
Accenture 370 L’Enfant Promenade, SW Southwest 52,878 3Q 2014 Renewal
Source: CBRE Research
DC OFFICE LEASES: TOP 30 DEALS SIGNED (1Q 2014 - 3Q 2014)

Development Overview
OFFICE PROJECTS (September 2014, office sq. ft. in millions)
average office sq. ft. delivered
per year (2001–2013)
MILLION
3.86
OFFICE DEVELOPMENT (September 2014)
PROJECTS OFFICE SQ. FT.
Completed 236 51,159,364
2001 27 6,331,725
2002 23 3,013,280
2003 19 2,769,592
2004 12 3,201,153
2005 17 3,622,716
2006 25 5,903,380
2007 16 4,276,463
2008 20 3,236,473
2009 23 6,033,060
2010 10 3,408,455
2011 10 2,442,869
2012 8 1,531,946
2013 20 4,469,239
2014 YTD 6 919,013
Under Construction 17 3,227,871
2014 delivery 1 80,549
2015 delivery 9 1,345,312
2016 delivery 4 938,592
2017+ delivery 3 863,418
Pipeline 104 48,201,812
Near Term 24 8,241,631
Medium Term 22 5,419,613
Long Term 58 34,540,568
TOTAL 357 102,589,047
COMPLETEDGROUNDBREAKINGS
GovernmentPrivate
GovernmentPrivate Government (projected)Private (projected)
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
2013 2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
20141
20151
20161
2.4 2.1 4.5
0.7 0.9 1.5
1.3 1.2 2.4
2.7 0.7 3.4
5.6 0.4 6.0
2.0 1.2 3.2
3.7 0.6 4.3
4.4 1.5 5.9
3.6 3.6
2.0 1.2 3.2
2.8 2.8
3.0 3.0
4.1 2.3 6.3
1.3 0.1 1.3
0.7 0.3 0.9
0.5 0.4 1.00.1
3.3 3.8
3.3 4.1
2.2 0.6 2.9
4.9 5.3
2.8 1.4 4.2
3.8 0.4 4.1
3.0 0.5 3.5
0.9 1.1 2.0
0.7 2.9 3.6
1.2 0.4 1.6
1.3 0.2 1.6
1.1 0.2 1.2
1.3 0.5 1.82014
YTD
3.1 3.1
4.7 4.7
0.5
0.8
0.4
1. projections based on targeted delivery dates of projects under construction as of September 2014

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DEVELOPMENT MAP
OFFICE
1
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47
8
9
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Completed
Under Construction
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Development Pipeline
1. may include non-office components & pipeline values may include additional phases ($ in millions) 2. delivery date may reflect phase I delivery or final phase delivery for pipeline projects
PROJECT WARD LOCATION DEVELOPER(S) OFFICE SF
EST. VALUE
($M) 1
DELIVERY2
TOP OFFICE PROJECTS COMPLETED (4Q 2013–3Q 2014)
1 CityCenterDC 2 9th, 10th, 11th, H, & I Sts., NW Hines/The First Investor 515,000 $700 4Q 13
2 GSA Headquarters (Ph I) 2 1800 F St., NW GSA 387,824 $161 4Q 13
3 3 Constitution Square 6 175 N St., NE StonebridgeCarras LLC/
Walton Street Capital
344,000 $140 4Q 13
4 Sentinel Square (Ph II) 6 1050 1st St., NE Trammell Crow Company 265,480 $110 4Q 13
5 440 1st Street 6 440 1st St., NW First Potomac Realty Trust 134,000 $40 4Q 13
6 1700 New York Avenue 2 1700 New York Ave., NW Carr Development 124,000 $80 4Q 13
7 Association of American Medical Colleges 6 655 K St., NW Hines/JM Zell 273,200 $115 2Q 14
8 Sidney Yates Building Renovation 6 14th St. & Independence Ave., SW GSA 180,000 $24 2Q 14
9 U.S. Department of Commerce - Herbert Hoover
Building (Ph III)
2 14th & Constitution Ave., NW GSA 246,813 $58 3Q 14
10 1200 17th Street 2 1200 17th St., NW Akridge/Mitsui Fudosan America 162,000 $120 3Q 14
TOP OFFICE PROJECTS UNDER CONSTRUCTION
11 National Square 6 500 D St., SW Trammell Crow Company 342,000 $140 3Q 15
12 601 Massachusetts Avenue 6 601 Massachusetts Ave., NW Boston Properties 460,500 $150 4Q 15
13 2001 M Street 2 2001 M St., NW Brookfield Properties 285,000 4Q 15
14 Department of the Interior (Ph VI) 2 1849 C St., NW GSA 250,000 $60 1Q 16
15 Republic Square (Ph II) 6 660 North Capitol St., NW Republic Properties Corporation 185,000 $65 1Q 16
16 900 16th Street 2 900 16th St., NW The JBG Companies 122,000 1Q 16
17 600 Massachusetts Avenue 2 600 Massachusetts Ave., NW Gould Property Company/
Oxford Properties Group
381,592 $206 3Q 16
18 Lafayette Building 2 811 Vermont Ave., NW GSA 466,818 $112 1Q 17
19 The Wharf (Ph I) 6 Southwest Waterfront Hoffman-Madison Waterfront 230,000 $806 4Q 17
20 Harry S.Truman Building Modernization 2 2201 C St., NW GSA 166,600 $97 2Q 18
TOP OFFICE PROJECTS PIPELINE (Near Term)
21 U.S. Department of Commerce - Herbert Hoover
Building (Ph IV)
2 14th & Constitution Ave., NW GSA 1,648,821 $63 2016
22 4000 Connecticut Avenue 3 4000 Connecticut Ave., NW The 601 W Companies 620,000 $45 2016
23 1800 K Street 2 1800 K St., NW Deutsche Asset & Wealth Management 185,000 $40 2016
24 Hine Junior High School 6 700 Pennsylvania Ave., SE Stanton Development Corp./EastBanc/
Dantes Partners/Jarvis Co.
160,000 $190 2016
25 1000 F Street 2 1000 F St., NW Douglas Development Corporation 94,000 $32 2016
26 Capitol Crossing (North Block) 2 I-395 at 3rd St. &
Massachusetts Ave., NW
Property Group Partners/Center Place
Holdings LLC
936,000 2017
27 Consumer Financial Protection Bureau HQ
Modernization
2 1700 G St., NW GSA 503,000 $139 2017
28 Storey Park 6 1005 1st St., NE Perseus Realty/First Potomac Realty Trust 350,000 2017
29 Center Building (DHS HQ) 8 St. Elizabeths West Campus GSA 270,000 $139 2017
30 2100 K Street 2 2100 K St., NW Blake Real Estate 150,000 2018

OFFICE DEVELOPMENT
Development Highlights
1200 17th Street WARD 2
LOCATION: 1200 17th Street, NW
DEVELOPER(S): Akridge/Mitsui Fudosan America
ARCHITECT(S): ZGF Architects LLP
CONTRACTOR(S): Balfour Beatty Construction
LEED: Platinum EST. COST: $120 million
STATUS: Completed TARGETED DELIVERY: 3Q 2014
SPECS: The 169,000 sq. ft. trophy office building was built on the site of the
former headquarters building for the National Restaurant Association. The
building offers floor-to-ceiling glass, column-free interiors and up to 6,000 sq.
ft. of retail/restaurant space. Pillsbury Winthrop Shaw Pittman is the anchor
office tenant.
DEVELOPER(S): The JBG Companies
ARCHITECT(S): Cooper Carry Inc
CONTRACTOR(S): James G Davis Construction Corporation
LEED: Gold STATUS: Under Construction
TARGETED DELIVERY: 1Q 2016
SPECS: The former Brutalist-style Third Church of Christ, Scientist building was
demolished and will be replaced by a 140,000 sq. ft. office building with 5,100 sq.
ft. of retail space and a new 11,722 sq. ft. church.
1000 F Street WARD 2
LOCATION: 1000 F Street, NW
DEVELOPER(S): Douglas Development Corporation
ARCHITECT(S): Shalom Baranes Associates
LEED: Gold EST. COST: $32 million
STATUS: Near Term TARGETED DELIVERY: 3Q 2016
SPECS: 1000 F Street will be an 11-story, 100,000 sq. ft. office building with 7,000
sq. ft. of ground floor retail, anchored by American Eagle. An existing two-story
historic structure on the site will be incorporated into the development.
2235 Shannon Place WARD 8
LOCATION: 2235 Shannon Place, SE
DEVELOPER(S): Curtis Development/Four Points LLC
ARCHITECT(S): PGN Architects PLLC
CONTRACTOR(S): Forrester Construction Company
EST. COST: $25 million STATUS: Under Construction
SPECS: The existing four-story building will undergo a gut-rehabilitation, receive
a new glass façade and a new penthouse. The 82,000 sq. ft. office building will
be home to the DC Taxicab Commission, DC Lottery and DDOT’s Business
Opportunity & Workforce Development Center. The building was a former
evidence warehouse.
ImagecourtesyofCoStar
ImagecourtesyofAkridgeImagecourtesyofCoStar

The Lumber Shed WARD 6
LOCATION: 301 Water Street, SE
DEVELOPER(S): Forest City Washington
ARCHITECT(S): Gensler
CONTRACTOR(S): Monarc Construction
EST. COST: $13 million STATUS: Completed
SPECS: The Lumber Shed project is an adaptive reuse of a former Navy Yard
industrial building used for storing and drying lumber. The two-level 29,500
sq. ft. building was transformed into restaurant space on the first floor (Osteria
Morini, Agua 301, Ice Cream Jubilee) and office space on the second floor (Forest
City Washington).
Association of American Medical Colleges (AAMC) WARD 6
LOCATION: 655 K Street, NW
DEVELOPER(S): Hines/JM Zell
CONTRACTOR(S): Clark Construction Group LLC
SPECS: The AAMC’s new 290,000 sq. ft. headquarters includes 14,300 sq.
ft. of retail space. The four existing buildings on the site were renovated and
incorporated into the final design.
Storey Park WARD 6
LOCATION: 1005 1st Street, NE
DEVELOPER(S): Perseus Realty/First Potomac Realty Trust
ARCHITECT(S): HKS PC
LEED: Gold
STATUS: Near Term
TARGETED DELIVERY: 2017
SPECS: A 683,000 sq. ft. mixed-use development will be built on the former
Greyhound Station site in NoMa. Plans call for 350,000 sq. ft. of office space,
65,000 sq. ft. of retail space and 300 residential units. Construction could
start in 2015.
National Square WARD 6
LOCATION: 500 D Street, SW
DEVELOPER(S): Trammell Crow Company
LEED: Silver EST. COST: $140 million
STATUS: Under Construction TARGETED DELIVERY: 3Q 2015
SPECS: National Square will be a new 12-story, 342,000 sq. ft. highly secure office
building located at the corner of 6th & D Streets, SW across the street from the
L’Enfant Metrorail Station. The existing 134,000 sq. ft. Class-B office building on
the site was demolished.
ImagecourtesyoftheTrammellCrowCompany
ImagecourtesyofFirstPotomacRealtyTrust

OFFICE DEVELOPMENT
601 Massachusetts Avenue WARD 6
LOCATION: 601 Massachusetts Avenue, NW
DEVELOPER(S): Boston Properties
ARCHITECT(S): Duda Paine Architects
SPECS: This eleven-story office building will offer 460,500 sq. ft. of office space
(anchored by Arnold & Porter) and 18,300 sq. ft. of retail/restaurant space. The
main lobby includes a nine-story atrium, scaling down to a two-story space prior
to reaching the West Tower and East Tower elevator lobbies.
GSA Headquarters (Phase I) WARD 2
LOCATION: 1800 F Street, NW
DEVELOPER(S): GSA
CONTRACTOR(S): Whiting-Turner Contracting Company/
Walsh Construction
SPECS: Phase I involved the complete renovation of 388,326 sq. ft. (gross) of
existing office space and the addition of 102,000 sq. ft. (gross) as new courtyard
infill office space. GSA workers started moving back into the building in 2Q 2013.
Burnham Place at Union Station WARD 6
LOCATION: Union Station Air Rights
DEVELOPER(S): Akridge
EST. COST: $1.3 billion
STATUS: Long Term TARGETED DELIVERY: 2022 (Ph I)
Burnham Place is a three million square foot development that will create a
new neighborhood above the rail yards north of Union Station. Plans call for 1.5
million sq. ft. of office space, 100,000 sq. ft. of retail space, 400 hotel rooms and
1,300 residential units.
DEVELOPER(S): Perseus Realty
ARCHITECT(S): Bonstra | Haresign Architects
CONTRACTOR(S): Turner Construction Company
SPECS: 1728 14th Street is a new four-story, 28,500 sq. ft. office building with
14,500 sq. ft. of ground floor and second floor retail space anchored by West Elm.
Bonstra Haresign Architects will occupy the third-floor office space.
ImagecourtesyofAkridgeImagecourtesyofBostonProperties

600 Massachusetts Avenue WARD 2
LOCATION: 600 Massachusetts Avenue, NW
DEVELOPER(S): Gould Property Company/Oxford Properties Group
ARCHITECT(S): CORE
LEED: Platinum EST. COST: $206 million
SPECS: 600 Massachusetts Avenue will be a 10-story, 401,000 sq. ft. class-A office
building with 19,418 sq. ft. of retail space. Venable will be the anchor office tenant.
The project involves renovating and moving two row houses on the site.
900 G Street WARD 2
LOCATION: 900 G Street, NW
DEVELOPER(S): MRP Realty/ASB Real Estate
SPECS: The former YWCA building was demolished and will be replaced by
nine-story, 110,000 sq. ft. office building with 6,500 sq. ft. of retail space.
Capitol Crossing WARD 2
LOCATION: I-395 at 3rd St. & Massachusetts Avenue, NW
DEVELOPER(S): Property Group Partners/Center Place Holdings LLC
ARCHITECT(S): Kevin Roche John Dinkeloo & Associates LLC/SOM/
Kohn Pedersen Fox & Associates
LEED: Platinum EST. COST: $1.3 billion
STATUS: Under Construction (Platform)
TARGETED DELIVERY: 2017 (Ph I)
SPECS: Capitol Crossing will be a 2.2 million sq. ft. mixed-use development
built above I-395. Upon full built-out the project will offer 1.9 million sq. ft. of
office space, 63,000 sq. ft. of retail space, 150 residential units and a new Jewish
Historical Society Synagogue. Utility work began in 1Q 2014 with the delivery of
the office buildings (954,000 sq. ft.) in the North Block expected in 2017.
Square 5914 WARD 8
LOCATION: 1290 Alabama Avenue, SE
DEVELOPER(S): City Partners LLC/Sanford Capital
ARCHITECT(S): Maurice Walters
STATUS: Medium term TARGETED DELIVERY: 2017
SPECS: The project is adjacent to the Congress Heights Metrorail Station and will
be developed into a 236,000 sq. ft. office building with 8,600 sq. ft. retail space
and a 206-unit apartment building with 6,500 sq. ft. of retail space.
ImagecourtesyGouldPropertyCompany
ImagecourtesyofCityPartnersLLC
ImagecourtesyofPropertyGroupPartners

Tara Scanlon | Partner
Practice Group Leader Mid-Atlantic Region Real Estate
Washington, DC | 202.457.7150
Northern Virginia | 703.720.8600
Copyright © 2014 Holland & Knight LLP All Rights Reserved
www.hklaw.com
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RETAIL

Retail sales in the District of Columbia account for
approximately 79% of the $13 billion in total consumer
expenditures, creating a retail opportunity gap of an
estimated $2.8 billion.3
This strong retail demand is
related in-part to DC’s high volume of tourists. A
record-breaking 19.0 million tourists traveled to DC in
2013. These millions of tourists spent a total of $6.69
billion during their visits, which comprised 8.9% and
5.9% increases in domestic and international tourist
spending, respectively.4
DestinationDC expects total visitor volume to grow
by 2 to 3% each year through 2017.4
Local purchasing
capacity also influences retail demand in DC. The
city’s estimated median household income is projected
to rise 15.0% over the next five years to $77,143 in 2019.
In comparison, the U.S. is projected to see a 4.0%
increase from the current year median household
income of $51,352. The statistics detailed above show
DC’s potential for growth in retail demand.5
The DC retail market has experienced several
significant shifts, one of which is the expansion of the
restaurant scene. A host of restaurants have opened
in recent years in areas such as the 14th Street and
H Street corridors, and have played an instrumental
role in transforming DC’s retail sector. This trend has
continued in 2014, as indicated in the graph on the
following page by the projected 4.5% jump in sales for
food services and drinking places.6
The city’s estimated median
household income is projected
to rise 15.0% over the next
five years to $77,143 in 2019.
Retail Development in the District of Columbiaretail
DC RETAIL MARKET SNAPSHOT (3Q 2014)
NEW GROCERY STORES7
6
under construction
TAXABLE RETAIL & RESTAURANT
SALES1
(2013)
$11.5 billion
(13.8% increase since 2010)
RETAIL SF UNDER CONSTRUCTION
1.8 million
square feet
POPULATION GROWTH2
+6.8%
2010–2013
1. Office of the Chief Financial Officer (FY 2015 Proposed Budget & Financial Plan) 2. U.S. Census 3. Nielson 4. Destination DC (2013)
5. Nielson 6. Moody’s Analytics 7. Harris Teeter (1212 4th St., SE), Giant (3336 Wisconsin Ave., NW) and MOM’s (1501 New York Ave., NE) opened in 4Q 2014

Retail Development
DC RETAIL SALES GROWTH (Q2 2014 over Q2 2013, trailing four quarters)
The openings of DBGB, Del Frisco’s Double Eagle Steakhouse
and Le Diplomate illustrate this restaurant-centric trend. Rose’s
Luxury, which recently opened in DC, was ranked as the number
one restaurant in the U.S. in 2014.8
These high-end openings
coincided with numerous quick-serve openings. DC claimed
the third best growth market for quick service restaurants in a
2014 study that examined quick-serve restaurant traffic growth
forecasts for 2013 to 2018.9
The restaurant industry’s growth
indicates the ever-evolving character of DC’s retail landscape.
While sales increased for food services and drinking places, the
increase was even more dramatic for other sectors, including:
clothing & clothing accessories, food & beverage, general
merchandise, furniture, and health & personal care stores.
Over the past year, retail sales for general merchandise have
increased an estimated 27.3%, by roughly the same percentage
that non-store retailer sales have declined. Thus, DC retail sales
have experienced an overall increase from 2013 to 2014, but
performance has varied considerably according to segment.10
Finally, the opening of CityCenterDC, a 1.6 million-sq.-ft.,
mixed-use development (with 185,000 sq. ft. of retail space), was a
capstone event for DC’s growing urban retail market. In planning
and design since 2003, CityCenterDC has provided a high-
end retail anchor in the downtown with retailers such as Allen
Edmonds, Hugo Boss, Burberry, Longchamp and Arc’teryx. ¾
-25% -20 -15 -10 -5 0 5 10 15 20 25 30%
Food services and drinking places
Total Retail Sales
Clothing & clothing accessories stores
Food & beverage stores
Furniture & home furnishing stores
Health & personal care stores
Electronics & applicance stores
General merchandise stores
Sporting goods; hobby; book; & music stores
Gasoline stations
Nonstore retailers -25.5%
-4.4%
1.8%
4.5%
5.4%
6.0%
9.5%
12.7%
14.7%
18.6%
27.3%
Source: Moody’s Analytics
AVERAGE RETAIL RENTAL RATES PER SUBMARKET
SUBMARKET PER SQ. FT. RANGE
Capitol Hill High $30s - $65
Capitol Riverfront $35 - $50
CBD $45 - $125
East End $45 - $125
Georgetown $55 - $200
H St. NE $35 - $55
NoMa $35 - $50
Northeast $30 – High $40s
Southwest Low $30 - $55
Uptown $35 - $70
West End $40 - $55
Source: CBRE Research
8. Bon Appetit (8/19/14)
9. The NPD Group/QSR
10. Moody’s Analytics

RETAIL DEVELOPMENT
It’s the view to one of DC’s most iconic neighborhoods—the birthplace
of Duke Ellington and the local jazz scene—which also happens to be a
modern cultural gem. It’s the view to life at City Market at O. Start your
day with a grande at Starbucks. Grocery shop at the reimagined O Street
Market, now home to Giant. Dine at Convivial, opening this spring. Take
your pooch and head out of your luxe apartment for a stroll that ends up
in your very own dog park. Take a swim in the rooftop inﬁnity pool. Then
settle in with a nightcap by the outdoor ﬁrepit. You’re in your element. And
on top of the world.
O, the view from the top.
© Maxwell Mackenzie800 P STREET, NW WASHINGTON, DC 20001 • CITYMARKETATO.COM
the new element of style.
TOP RETAIL LEASES (YTD 2014)
COMPANY NAME ADDRESS BUILDING/PROJECT NAME SQ. FT. 1
NEIGHBORHOOD
Lowe’s2
33rd Street & South Dakota Avenue, NE Shops at Dakota Crossing 136,000 Fort Lincoln/Dakota Crossing
Walmart 58th & East Capitol Streets, NE Capitol Gateway Marketplace 135,000 East Capitol Street/Capitol Gateway
Whole Foods 600 H Street, NE Apollo 39,000 H Street, NE
Marshall’s 5333 Wisconsin Avenue, NW Friendship Center 29,000 Chevy Chase/Friendship Heights
Saks Fifth Avenue3
5300 Wisconsin Avenue, NW Mazza Gallerie 22,055 Chevy Chase/Friendship Heights
Walgreens 1155 F Street, NW 19,500 Downtown DC
Planet Fitness 1401 New York Avenue, NE Hecht Warehouse District 19,000 New York Ave/Bladensburg Road
Old Navy 5335 Wisconsin Avenue, NW Chevy Chase Pavilion 18,000 Uptown
MOM’s Organic Market 1401 New York Avenue, NE Hecht Warehouse District 16,000 New York Avenue/Bladensburg Road
GAP 1155 F Street, NW 14,000 Downtown DC
Petco 1401 New York Avenue, NE Hecht Warehouse District 12,000 Northeast
Theodore’s3
2233 Wisconsin Avenue, NW 11,000 Glover Park
CVS Caremark 1275 Pennsylvania Avenue, NW 10,000 Downtown DC
One to One Fitness, Inc. 1750 K Street, NW 9,000 Golden Triangle
Momofuku 850 10th Street, NW CityCenterDC 9,000 Downtown DC
Paul Stuart 875 10th Street, NW CityCenterDC 8,000 Downtown DC
Texas de Brazil 455 Massachusetts Avenue, NW 8,000 Mt.Vernon Triangle
Passion Food Hospitality, LLC 700 6th Street, NW 8,000 Downtown DC
Hugo Boss 800 10th Street, NW CityCenterDC 6,500 Downtown DC
Mindful Restaurant Group 1401 New York Avenue, NE Hecht Warehouse District 6,000 New York Avenue/Bladensburg Road
Ferragamo 1001 H Street, NW CityCenterDC 4,000 Downtown DC
1. rounded to nearest thousand 2. purchased a pad site for $3.58 million (Washington Business Journal, 8/21/14) 3. renewal

1. projections based on targeted delivery dates of projects under construction as of September 2014
RETAIL PROJECTS (September 2014, retail sq. ft.)
In 2014 DC will open
its 28th new grocery store
since 2000.
28
RETAIL DEVELOPMENT (September 2014)
PROJECTS RETAIL SQ. FT.
Completed 286 6,288,615
2001 18 226,178
2002 22 311,800
2003 19 347,229
2004 22 369,208
2005 26 711,923
2006 24 294,862
2007 22 378,658
2008 22 867,131
2009 27 265,943
2010 10 330,700
2011 11 312,345
2012 16 314,324
2013 28 1,067,236
2014 YTD 19 491,078
Under Construction 62 1,786,853
2014 delivery 13 192,337
2015 delivery 31 841,157
2016 delivery 14 229,359
2017+ delivery 4 524,000
Pipeline 181 5,550,027
Near Term 53 1,062,165
Medium Term 50 946,108
Long Term 78 3,541,754
TOTAL 529 13,625,495
COMPLETED
2014
YTD
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
GROUNDBREAKINGS
226,178
311,800
347,229
369,208
711,923
294,862
378,658
867,131
265,943
330,700
312,345
314,324
111,800
555,610
323,849
570,488
293,481
439,866
911,203
262,547
239,150
265,276
301,840
654,230
1,035,426
694,485
Projected
1,050,839
1,067,236
491,078 192,337
841,157
229,359
20141
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
20151
20161
683,415

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RETAIL
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9
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30
Completed
Under Construction
Pipeline

1. may include non-retail components & pipeline values may include additional phases ($ in millions) 2. delivery date may reflect phase I delivery or final phase delivery for pipeline projects
PROJECT WARD LOCATION DEVELOPER(S) RETAIL SF
EST. VALUE
($M)1
DELIVERY2
TOP RETAIL PROJECTS COMPLETED (4Q 2013–3Q 2014)
1 The Shops at Georgetown Park 2 3222 M St., NW AG Georgetown Park Holdings/Vornado/CES 330,000 $32 4Q 13
2 CityCenterDC 2 9th, 10th, 11th, H, & I Sts., NW Hines/The First Investor 185,000 $700 4Q 13
3 Walmart on Georgia Avenue 4 5929 Georgia Ave., NW Foulger-Pratt 106,000 4Q 13
4 77 H 6 1st & H Sts., NW The JBG Companies/Bennett Group 86,000 $90 4Q 13
5 CityMarket at O (Ph I - Giant) 6 1400 7th St., NW Roadside Development 75,000 $35 4Q 13
6 L’Enfant Plaza Redevelopment (Ph II) 6 950 L’Enfant Plaza, SW The JBG Companies 93,000 $17 2Q 14
7 Twelve12 6 1212 4th St., SE Forest City Washington 88,000 $100 2Q 14
8 Monroe Street Market 5 700 - 800 blocks of Monroe St., NE Abdo Development/Bozzuto Group/Catholic University 56,915 $150 2Q 14
9 The Louis at 14th 2 1420 U St., NW The JBG Companies/Georgetown Strategic Capital 44,000 $100 2Q 14
10 The Swift 4 3830 Georgia Ave., NW Duball LLC/Safeway 62,000 $65 3Q 14
TOP RETAIL PROJECTS UNDER CONSTRUCTION
11 Cathedral Commons 3 3336 & 3400-3430 Wisconsin
Ave., NW
Giant Food/Bozzuto Group/Southside Investment Partners 125,000 $130 4Q 14
12 Hecht Warehouse District 5 1401 New York Ave., NE Douglas Development Corporation 200,800 4Q 14/2015
13 2251 Wisconsin Avenue 3 2251-2255 Wisconsin Ave., NW Altus Realty Partners/Chesapeake Realty Partners 28,277 $32 1Q 15
14 Fort Totten Square 4 South Dakota Ave. & Riggs Rd., NE The JBG Companies/Lowe Enterprises 130,000 $120 2Q 15
15 The Shops at Dakota Crossing (Ph II) 5 New York Ave. &
South Dakota Ave., NE
Fort Lincoln New Town Corporation/Trammell Crow
Company/CSG Urban Partners
266,000 $40 3Q 15
16 800 New Jersey Avenue 6 New Jersey Ave. & H St., SE WC Smith 35,000 $135 3Q 16
17 Apollo 6 610 H St., NE Insight Property Group LLC 75,000 $190 4Q 16
18 ART Place at Fort Totten (Ph I) 5 5180 South Dakota Ave., NE Cafritz Foundation 104,000 $117 2Q 17
19 The Wharf (Ph I) 6 Southwest Waterfront Hoffman-Madison Waterfront 190,000 $806 4Q 17
20 Skyland Town Center (Ph I) 7 Alabama Ave. & Naylor Rd., SE Rappaport/WC Smith/Marshall Heights CDO 220,000 $150 2017/18
TOP RETAIL PROJECTS PIPELINE (Near Term)
21 Capitol Gateway Marketplace 7 58th & East Capitol Sts., NE A&R Development/DCHA/Henson Dev. Co. 167,450 $120 2016
22 Georgia Eastern 4 7828 Georgia Ave., NW Douglas Development Corporation 60,000 2016/17
23 Hine Junior High School 6 700 Pennsylvania Ave., SE Stanton Development Corp./EastBanc/Dantes Partners/
Jarvis Co.
40,000 $190 2016/17
24 The Line DC 1 1780 Columbia Rd., NW Friedman Capital Advisors/Foxhall Partners/Sydell Group 20,903 $100 2016/17
25 The Riverfront 6 100 Potomac Ave., SE FRP Development Corp./MRP Realty 18,650 $100 2016/17
26 Storey Park 6 1005 1st St., NE Perseus Realty/First Potomac Realty Trust 65,000 2017
27 Prospect Place 2 3220 Prospect St., NW McCaffery Interests 27,600 2017
28 Gateway Market 5 340 Florida Ave., NE LCOR Inc./EDENS 27,410 $55 2017
29 CityCenterDC (Conrad Hotel) 2 10th & New York Ave., NW Hines 70,000 2018
30 Uline Arena 6 1140 3rd St., NE Douglas Development Corporation 50,000 $120

RETAIL DEVELOPMENT
CityCenterDC WARD 2
LOCATION: 9th, 10th, 11th, H, & I Streets, NW
DEVELOPER(S): Hines/The First Investor
ARCHITECT(S): Foster & Partners/Shalom Baranes Associates/Lee
and Associates Inc
CONTRACTOR(S): Clark Construction Group LLC/Smoot Construction
STATUS: Completed TARGETED DELIVERY: 4Q 13–2Q 14
SPECS:The redevelopment of the southern portion (Parcel A) of the former
convention center site includes 515,000 sq. ft. of office space, 185,000 sq. ft. of
retail space and 674 apartments and condominiums.
The Parks at Walter Reed WARD 4
LOCATION: 6800 Georgia Avenue, NW
DEVELOPER(S): Hines/Urban Atlantic/Triden Development Group/
DMPED
EST. COST: $1 billion
STATUS: Long Term
SPECS: 66.57 acres of the 110.1-acre campus will be redeveloped into
approximately 3.1 million sq. ft. of mixed-use development. The proposed
development includes 2,097 residential units, up to 250,000 sq. ft. of retail space,
770,000 sq. ft. of office/medical/education space and 20 acres of open space.
Hecht Warehouse District WARD 5
LOCATION: 1401 New York Avenue, NE
ARCHITECT(S): Shalom Baranes Associates/Antunovich Associates
CONTRACTOR(S): Clark Construction Group LLC/McCullough
Construction LLC
STATUS: Under Construction
TARGETED DELIVERY: 4Q 14–2015
SPECS: The redevelopment plan calls for 330 apartments and 200,800 sq. ft. of
retail space on the 9.8-acre site. The historic Hecht’s Warehouse will be converted
into apartments and retail. An adjacent building will include one floor of retail
below a parking garage. MOM’s Organic Market opened a 16,000 sq. ft. store in
November 2014.
The Louis at 14th WARD 2
LOCATION: 1420 U Street, NW
DEVELOPER(S): The JBG Companies/Georgetown Strategic Capital LLC
ARCHITECT(S): Eric Colbert & Associates PC
SPECS: The Louis at 14 is a nine-story, mixed-use building with 268 apartments
and 44,000 sq. ft. of retail space (anchored by a Trader Joe’s grocery store). JBG
sold the project to TIAA-CREF in June 2014.
ImagecourtesyofUrbanAtlantic
ImagecourtesyofDouglasDevelopment

LOCATION: 1270 4th Street, NE
DEVELOPER(S): EDENS/Level 2 Development
STATUS: Near Term
SPECS: This proposed 11-story, 408,000 sq. ft., 420 to 520-unit residential
building will offer up to 40,000 sq. ft. of retail space. The project is part of the
eight million sq. ft. Union Market District proposed redevelopment vision.
Skyland Town Center (Phase I) WARD 7
LOCATION: Alabama Avenue & Naylor Road, SE
DEVELOPER(S): Rappaport/WC Smith/Marshall Heights CDO
ARCHITECT(S): Torti Gallas & Partners
CONTRACTOR(S): WCS Construction LLC/L. F. Jennings Inc.
STATUS: Under Construction TARGETED DELIVERY: 2017-2018
SPECS: The planned redevelopment of the 18.5-acre Skyland Shopping Center will
occur in phases and result in up to 323,000 sq. ft. of retail space, 485 residential
units and nearly 1,700 parking spaces. Phase I is scheduled to include 220,000 sq.
ft. of retail space (120,000 sq. ft. Walmart) and 250-270 apartments.
Capitol Gateway Marketplace WARD 7
LOCATION: 58th & East Capitol Streets, NE
DEVELOPER(S): A&R Development/DC Housing Authority/
Henson Development Company
ARCHITECT(S): Bignell Watkins Hasser Architects/
Massa Montalto Architects/
CONTRACTOR(S): WCS Construction LLC
EST. COST: $120 million
STATUS: Near Term TARGETED DELIVERY: 2016
SPECS: The 12-acre site will be redeveloped into approximately 167,000 sq. ft. of
retail space, anchored by a 135,000 sq. ft. Walmart, and 304 apartments.
800 New Jersey Avenue WARD 6
LOCATION: New Jersey Avenue & H Street, SE
DEVELOPER(S): WC Smith
ARCHITECT(S): SK & I Architectural Design Group LLC
CONTRACTOR(S): WCS Construction LLC
LEED: Silver
SPECS: 800 New Jersey Avenue will consist of 336 loft-style apartments with 10-
foot ceilings and a 35,000 sq. ft. Whole Foods with two levels of grocery parking
above the store. It is the second phase of the 1.4 million sq. ft. mixed-use Square
737 development.
ImagecourtesyofRappaport
ImagecourtesyofEDENS
ImagecourtesyofSK&IArchitecturalDesignGroup
ImagecourtesyofWalmart

RETAIL DEVELOPMENT
The Wharf (Phase I) WARD 6
LOCATION: Southwest Waterfront
DEVELOPER(S): Hoffman-Madison Waterfront
ARCHITECT(S): Perkins Eastman/BBG-BBGM/
Cunningham|Quill Architects PLLC
CONTRACTOR(S): Gilford Corporation/Clark Construction Group LLC
SPECS: The 1.86 million sq. ft. Phase I redevelopment of the Southwest
Waterfront will include 230,000 sq. ft. of office space, 190,000 sq. ft. of retail
space, 872 residential units, 683 hotel rooms, 140,000 sq. ft. of cultural and
entertainment space and 1,475 underground parking spaces.
77 H WARD 6
LOCATION: 1st & H Streets, NW
DEVELOPER(S): The JBG Companies/Bennett Group
ARCHITECT(S): MV+A Architects/Preston Partnership LLC
CONTRACTOR(S): Clark Builders Group
SPECS: A former parking lot was redeveloped into 86,000 sq. ft. of retail space,
anchored by a 76,000 sq. ft. Walmart (with 40,000 sq. ft. for groceries), 303
apartments and 9,800 sq. ft. of additional retail/restaurant space. JBG sold the
project to Clarion Partners in early 2014.
Fort Totten Square WARD 4
LOCATION: South Dakota Avenue & Riggs Road, NE
DEVELOPER(S): The JBG Companies/Lowe Enterprises
ARCHITECT(S): Hickok Cole Architects
CONTRACTOR(S): Clark Builders Group
LEED: Certified EST. COST: $120 million
SPECS: The first phase of the Ft. Totten Square development will deliver 345
apartments, 130,000 sq. ft. of retail space (anchored by a 120,000 sq. ft. urban-
format LEED certified Walmart) and 750 parking spaces.
Uline Arena WARD 6
LOCATION: 1140 3rd Street, NE
ARCHITECT(S): GTM Architects
STATUS: Near Term
SPECS: The Uline Arena project will include the adaptive reuse of the
existing 110,000 sq. ft. masonry arena building and adjacent Ice House. The
redevelopment plan calls for 150,000 sq. ft. of office space and 50,000 sq. ft. of
retail space.
ImagecourtesyofDouglasDevelopmentCorporation
ImagecourtesyofTheJBGCompaniesImagecourtesyofHoffman-MadisonWaterfront

Cathedral Commons WARD 3
LOCATION: 3336 & 3400 - 3430 Wisconsin Avenue, NW
DEVELOPER(S): Giant Food/Bozzuto Group/Southside
Investment Partners
ARCHITECT(S): JCA Architects
CONTRACTOR(S): Bozzuto Construction
SPECS: The former Giant on the site was demolished in 2012 and a new 56,000
sq. ft. store will be built along with an additional 69,000 sq. ft. of retail space and
145 residential units on two separate parcels. The Giant grocery store opened in
November 2014.
Monroe Street Market WARD 5
LOCATION: 700 - 800 blocks of Monroe Street, NE
DEVELOPER(S): Abdo Development/Bozzuto Group/Catholic University
ARCHITECT(S): Torti Gallas & Partners/KTGY
LEED: Certified EST. COST: $150 million
SPECS: This mixed-use project delivered 57,000 sq. ft. of retail space and 562
apartments in Blocks A1, B and C. Project anchors include The Arts Walk (27
artist studios), Busboys & Poets, Brookland Pint and &pizza. Some portions of
the project started to deliver in 4Q 2013.
Twelve12 WARD 6
LOCATION: 1212 4th Street, SE
DEVELOPER(S): Forest City Washington
CONTRACTOR(S): Walsh Construction
SPECS: Twelve12 features a 218-unit apartment building above 88,000 sq. ft. of
retail space, including a 50,000 sq. ft. Harris Teeter (November 2014 opening)
and a 28,000 sq. ft. VIDA Fitness.
Walmart on Georgia Avenue WARD 4
DEVELOPER(S): Foulger-Pratt
ARCHITECT(S): Massa Montalto Architects
CONTRACTOR(S): Foulger-Pratt
STATUS: Completed
SPECS: The former 3.56-acre Curtis Chevrolet dealership was redeveloped into a
106,000 sq. ft. Walmart with approximately 40,000 sq. ft. dedicated to groceries,
348 parking space and 37 bicycle spaces.
VisualizationbyInterfaceMultimedia
ImagecourtesyofFoulger-Pratt

RETAIL DEVELOPMENT
Apollo WARD 6
LOCATION: 610 H Street, NE
DEVELOPER(S): Insight Property Group LLC
CONTRACTOR(S): John Moriarty & Associates of Virginia LLC
SPECS: The Apollo will be a 431-unit apartment building with 75,000 sq. ft. of
retail space, anchored by a 39,000 sq. ft. Whole Foods. There will also be 442
underground parking spaces and about 165 bicycle parking spaces.
The Swift WARD 4
DEVELOPER(S): Duball LLC/Safeway
SPECS: The former site of a 21,000 sq. ft. Safeway was redeveloped into a new
60,000 sq. ft. Safeway grocery store (June 2014 opening) and 218 apartments. A
two-level underground parking garage was also built on the site. Duball LLC sold
the project to Principal Real Estate Investors for $75 million in July 2014.
ART Place at Fort Totten (Phase I) WARD 5
LOCATION: 5180 South Dakota Avenue, NE
DEVELOPER(S): Cafritz Foundation
ARCHITECT(S): EE&K Architects/MV+A Architects/
Shalom Baranes Associates
CONTRACTOR(S): Foulger-Pratt
SPECS: Phase I will deliver 104,000 sq. ft. of retail space (on two levels) and 520
apartments (121 – 141 affordable units) in three buildings.
Brentwood Park WARD 5
LOCATION: Rhode Island Avenue, NE & 4th Street &
Edgewood Street, NE
DEVELOPER(S): Mid-City Financial Corporation
LEED: Silver
STATUS: Long Term
SPECS: The 20-acre site that currently encompasses the Brentwood Village
Shopping Center and the 535-unit Brookland Manor (Section 8 Housing) will be
redeveloped into a mixed-use neighborhood with 200,000 sq. ft. of retail space
and 2,200 residential units (20% affordable).
ImagecourtesyofInsightPropertyGroupLLCImagecourtesyofFoulger-Pratt

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ENERGY CREATES
OPPORTUNITIES
We're proud to support the
Washington, D.C. Economic Partnership.
Pepco DC Econ Part Ad:Layout 1 9/12/13 9:40 AM Page 1
COMING 2017
At the intersection of First and L streets, NE, Storey Park will be at the center of NoMa in every way.

RESIDENTIAL

The District of Columbia has recorded strong prospects
for expansion in the residential real estate market due
to its population, employment, and income growth.
DC continues to see robust population growth, while
the share of young professionals has grown at an
even faster pace.
Between 2012 and 2013, DC’s population increased
2.1% to 646,500, while the 25 to 44 year old cohort
expanded by 3.5% to 235,800. During the same time
period, the labor market in DC observed overall
growth, albeit at a slower pace. DC added 10,400
jobs in 2013, an increase of 1.4%. Meanwhile, the
unemployment rate continued along a downward
trajectory, dropping 90 basis points over the year to
8.3% in 2013.
The median home sales price in DC rose 3.0%
over the year from $461,000 in August 2013 to
$475,000 in August 2014. Meanwhile, according
to a report by CoreLogic, DC observed a 7.1%
increase in foreclosure activity between September
2013 and September 2014. During the same month,
DC recorded the 9th highest share of homes in
foreclosures among U.S. states, at 2.3% of inventory.
DC continues to see robust
population growth, while the
share of young professionals has
grown at an even faster pace.
Residential Development in the District of Columbiaresidential
DC RESIDENTIAL MARKET SNAPSHOT
TOTAL HOUSEHOLDS1
283,172
CONDOS UNDER CONSTRUCTION
1,425
UNITS UNDER CONSTRUCTION
11,937
MARKET RATE APARTMENT
NET ABSORPTION2
(4Q13–3Q14)
2,731
1. District of Columbia Economic & Revenue Trends (October 2014)
2. District of Columbia Economic & Revenue Trends/Delta Associates (October 2014)

Residential Development
Looking ahead, the population, employment, and income
of the region are forecast to grow. DC is projected to see its
population increase by 10.2% between 2014 and 2019, while
median household income is projected to rise by 15.0% to
$77,143 during the same time frame.3
According to Moody’s
Analytics, total metropolitan employment as well as office-
using employment is expected to gain traction between 2015
and 2017.
DC Apartment Size
The average size of a one-bedroom apartment in DC has been
on a downward trajectory over the past decade. While the
previous unit average was approximately 850 sq. ft. through the
early 2000s, this figure has dropped to around 725 to 750 sq. ft.,
excluding the new phenomenon of micro-units. Renters have
become more interested in assessing the total monthly rent,
rather than the quoted rent per sq. ft. Moreover, the size of
apartments is a function of both the proximity to the Metrorail
as well as the overall monthly rent.
DC Supply and Absorption
There are approximately 12,000 units set to deliver in the next
36 months in DC, compared to about 10,000 units during the
same time last year.4
Though most new product is concentrated
in new markets—including Capitol Riverfront, H Street, Mt.
Vernon Triangle and NoMa—the developed markets continue
to see new projects coming online. Given the recent surge in
DC’s population, absorption has remained stable.
DC Average Rents per Neighborhood
According to Axiometrics, the Downtown-Logan Circle
neighborhood had the highest asking and net effective rents
during Q3 2014 at $2,498 and $2,474, respectively. Meanwhile,
the Howard University-Mt. Pleasant-Brightwood neighborhood
had the highest occupancy rate at 97.2%, followed closely behind
by Capitol Hill-SW with 97.1% occupancy. Brookland-Ft. Totten,
located in northeast DC, observed the lowest asking and effective
rents, while Anacostia-NE DC recorded the lowest occupancy
rate of 93.0%. ¾
APARTMENT RENTAL RATES (Q3 2014)
NEIGHBORHOOD ASKING RENT
EFFECTIVE
RENT
OCCUPANCY
RATE
Anacostia-NE DC $1,755 $1,738 93.0%
Brookland- Ft.Totten $1,675 $1,655 96.3%
Capitol Hill-SW $1,954 $1,951 97.1%
Downtown-Logan Circle $2,498 $2,474 95.7%
Dupont- Adams Morgan $2,004 $1,999 96.8%
Howard University-
Mt. Pleasant-Brightwood
$1,815 $1,767 97.2%
NW DC- Georgetown $1,948 $1,940 94.3%
Woodley Park- Cleveland Park- Van Ness $2,190 $2,176 96.0%
Source: Axiometrics
DC POPULATION GROWTH RATE (year-over-year)
0.00
1%
2%
3%
4%
5%
2008 2009 2010 2011 2012 2013
1.4%
3.2%
4.5%
5.0%
4.2%
3.5%
1.0%
2.1% 2.2%
2.4%
2.2% 2.1%
Age 25–44
DC Population
3. Nielson
4. Washington, DC Economic Partnership

H Street, NE
RESIDENTIAL SPOTLIGHT
M
M
M
M
M
M
Capitol
South
Eastern
Market
Potomac Ave
St
W
Navy Yard
Union
Station
Noma/Gallaudet U
395
295
i a R i
Lincoln
Park
Stanton
Square
Union
Station
Plaza
FLORIDA AVE
1STST
1STST
SACHUSETTS AVE
NORTHCAPITOLST
YORK AVE
N ST
1STST
2NDST
CONSTITUTION AVE
INDEPENDENCE AVE
SOUTHCAPITOLST
MASSACHUSETTS AVE
M ST
NEWJERSEYAVE
NORTH CAROLINA AVE
SOUTH CAROLINA AVE
EAST CAPITOL ST
E ST
LO
UISIAN
A
AVE
W
ASHIN
G
TO
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AVE 14THST
L ST
15THST
K ST
KENTUCKYAVE
16THST
C ST C ST
D ST
D ST
E ST
G ST
C ST
I STI ST
T
K ST
L ST
HALFST
8THST
1STST
DELAWAREAVE
N ST TINGEY ST
1STST
H ST
MARYLAND AVE
K ST
HOLBROOKST
TRINIDADAVE
MORSE ST
NEAL ST
F ST
E ST
I ST
2NDST
3RDST
4THST
2NDST
2NDPL
4THST
5THST
6THST
9THST
8THST
7THST
10THST
11THST
12THST
13THST
G ST
L ST
TENNESSEEAVE
14THST
6THST
5THST
4
MONTELLO
AVE
Burnham
Place
Station
House
Apollo
625 H Woolworth
Atlas
Arts
Center
The Maryland
H STREET, NE
Development Summary
The H Street, NE corridor is about one mile in length from the
Hopscotch Bridge to the intersection of H Street, Maryland
Avenue, Bladensburg Road and Benning Road. It is anchored
to the west by Union Station, a multimodal transportation hub,
which attracts 32 million visitors and passengers each year. In
addition the corridor will be serviced by the H Street/Benning
Road streetcar.
The vision for the development that is occurring today can be
traced back to the 2004 H Street NE Strategic Development
Plan. The plan recommended the corridor be developed around
specific nodes, with an arts and entertainment district on the
east end (anchored by the Atlas Performing Arts Center–2005
opening), residential on the western end and a heavy
concentration of retail in the middle (Whole Foods set to open
in 2016/2017).
As of September 2014 829 new residential units had been built
since 2007 within two blocks of H Street, with another 1,238 units
(90% apartments) under construction and anticipated to delivery
by late 2016 or early 2017. Average asking rents for new rental
product is expected to be more than $3 per sq. ft.
Projects Total SF
Hotel
Rooms Office SF
Residential
Units Retail SF
COMPLETED (SINCE 2007)
4 1,046,500 - - 829 42,700
UNDER CONSTRUCTION
6 1,335,300 - - 1,238 111,700
PIPELINE
7 647,175 - - 623 84,600
TOTALS
17 3,028,975 - - 2,690 239,000
PIPELINE (BURNHAM PLACE AT UNION STATION)
1 2,915,000 400 1,500,000 1,300 100,000
GRAND TOTAL
18 5,943,975 400 1,500,000 3,990 339,000 2007 2008 2009 2010 2011 2012 2013 2014* 2015* 2016*
432
44
0 0 0
138
215
16
484
738
Rental
Condo
H STREET RESIDENTIAL
Unit deliveries by year
*projections based on projects under construction (as of September 2014)
map not to scale

RESIDENTIAL DEVELOPMENT (September 2014, units)
RESIDENTIAL DEVELOPMENT (September 2014)
PROJECTS SQ. FT. UNITS2
APTS H.O.3
CONDOS
Completed 501 53,330,182 52,792 36,810 15,982 12,725
2001 29 2,837,032 2,670 1,750 920 409
2002 32 3,750,300 3,511 2,920 591 173
2003 47 3,936,855 4,089 3,454 635 546
2004 47 4,630,970 4,665 2,828 1,837 1,640
2005 45 4,170,870 3,956 1,828 2,128 2,061
2006 46 4,340,551 3,983 1,399 2,584 2,335
2007 50 5,825,803 5,133 2,547 2,586 2,083
2008 41 4,229,734 4,282 2,564 1,718 1,649
2009 35 3,589,130 3,633 2,721 912 718
2010 21 2,186,187 1,909 1,385 524 146
2011 22 1,899,277 1,943 1,574 369 269
2012 30 3,983,523 3,910 3,428 482 173
2013 35 3,746,803 4,480 3,913 567 463
2014 YTD 21 4,203,147 4,628 4,499 129 60
Under Construction 87 10,985,135 11,937 10,072 1,865 1,425
2014 delivery 22 2,011,987 2,280 2,161 119 119
2015 delivery 48 4,781,021 5,313 3,830 1,483 1,085
2016 delivery 14 2,726,127 2,702 2,660 42
2017+ delivery 3 1,466,000 1,642 1,421 221 221
Pipeline 202 51,101,537 52,874 21,671 5,532 4,566
Near Term 63 7,532,460 8,826 6,406 1,190 1,076
Medium Term 69 8,276,012 8,790 5,791 1,038 671
Long Term 70 35,293,065 35,258 9,474 3,304 2,819
TOTAL 790 115,416,854 117,603 68,553 23,379 18,716
COMPLETED
2016*
2015*
2014*
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2014
YTD
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
GROUNDBREAKINGS H.O.RentalHORental
1,750 920
2,920 591
3,454 635
2,828 1,837
1,828 2,128
1,399 2,584
2,547 2,586
2,564 1,718
2,721 912
1,385 524
1,574 369
3,428 482
4,499 129 2,161 119
3,830 1,483
2,660 42
H.O. (projected)Rental (projected)
2,670
2,702
5,313
6,908
3,910
1,943
1,909
3,633
4,282
5,133
3,983
3,956
4,665
4,089
3,511
3,913 567 4,480
2,272 286 2,558
4,099 911 5,010
4,384 748 5,132
5,672 556 6,228
5,004 499 5,503
3,524 446 3,970
753 173 926
1,460 240 1,700
2,817 758 3,575
2,598 1,767 4,365
2,817 3,020 5,837
1,004 2,531 3,535
2,390 1,624 4,014
4,138 1,914 6,052
3,538 1,148 4,686
1. projections based on targeted delivery dates of projects under construction as of September 2014 2. apartments & homeownership may not total to residential units due to lack of information for pipeline
projects 3. includes condo, single-family, co-op and other for-sale units

Alexandria
NATIONAL
AIRPORT
M
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1
395
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GEORGEW
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RIALPKW
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VIRGINIA
VIRGINIA
NATIONAL MALL
U.S. CAPITOL
ROCK
CREEK
PARK
GEORGIAAVE
E. CAPITOL ST.
H ST.
CONNECTICUTAVE
FORT DUPONT
PARK
NATIONALS
PARK
UNION
STATION
U ST.
14THST.
DEVELOPMENT MAP
RESIDENTIAL
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17 18
19
20
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27
28
29
30
Completed
Under Construction
Pipeline

1) APT = rental; HO = home ownership/condos 2) may include non-residential components ($ in millions);
3) delivery date may reflect phase I delivery or final phase delivery
PROJECT WARD LOCATION DEVELOPER(S) UNITS TYPE1
EST. VALUE
($M)2
DELIVERY
TOP RESIDENTIAL PROJECTS COMPLETED (4Q 2013–3Q 2014)
1 CityCenterDC 2 9th, 10th, 11th, H, & I Sts., NW Hines/The First Investor 674 Apt/HO $700 4Q 13
2 Camden NoMa 6 60 L St., NE Camden Property Trust 321 Apt $100 4Q 13
3 77 H 6 1st & H Sts., NW The JBG Companies/Bennett Group 303 Apt $90 4Q 13
4 Monroe Street Market 5 700 - 800 blocks of Monroe St., NE Abdo Development/Bozzuto Group/Catholic University 562 Apt $150 2Q 14
5 CityMarket at O Street (Ph I) 6 1400 7th St., NW Roadside Development/Dantes Partners 497 Apt $265 2Q 14
6 The Louis at 14th 2 1420 U St., NW The JBG Companies/Georgetown Strategic Capital LLC 268 Apt $100 2Q 14
7 Elevation at Washington
Gateway
5 100 Florida Ave., NE MRP Realty 400 Apt $130 3Q 14
8 Park 7 7 Minnesota Ave. & Benning Rd., NE Donatelli Development/Blue Skye Development LLC 376 Apt $60 3Q 14
9 2 M Street 6 North Capitol & M Sts., NE WC Smith/Warrenton Development Group 314 Apt $95 3Q 14
10 Jefferson at Market Square 6 1550 7th St., NW The Jefferson Apartment Group 281 Apt $80 3Q 14
TOP RESIDENTIAL PROJECTS UNDER CONSTRUCTION
11 Fairway Park Apartments 5 21st, 22nd St. and Maryland Ave., NE WC Smith/Enterprise Community Partners 406 Apt $54 4Q 14
12 415 L Street 6 415 L St., NW Steuart Investment Company/Paradigm
Development
393 Apt $100 4Q 14
13 Station House 6 701 2nd St., NE Fisher Brothers 375 Apt $100 1Q 15
14 Park Chelsea 6 880 New Jersey Ave., SE WC Smith 429 Apt $150 2Q 15
15 Atlantic Plumbing (Parcel
A & B)
1 2030 & 2112 8th St., NW The JBG Companies/Walton Street Capital 372 Apt/HO $124 2Q 15
16 Fort Totten Square 4 South Dakota Ave. & Riggs Rd., NE The JBG Companies/Lowe Enterprises 345 Apt $120 2Q 15
17 Camden NoMa (Ph II) 6 60 L St., NE Camden Property Trust 406 Apt $130 1Q 16
18 Apollo 6 610 H St., NE Insight Property Group LLC 431 Apt $190 4Q 16
19 ART Place at Fort Totten (Ph I) 5 5180 South Dakota Ave., NE Cafritz Foundation 520 Apt $117 2Q 17
20 The Wharf (Ph I) 6 Southwest Waterfront Hoffman-Madison Waterfront 872 Apt/HO $806 4Q 17
TOP RESIDENTIAL PROJECT PIPELINE (Near Term)
21 1001 4th Street 6 4th & K Sts., SW Waterfront Associates/Forest City Washington/
Vornado/CES
365 Apt 2016
22 Ballpark Square 6 1st & N Sts., SE Grosvenor USA/McCaffery Interests 325 Apt $150 2016
23 The Riverfront 6 100 Potomac Ave., SE FRP Development Corporation/MRP Realty 321 Apt $100 2016
24 Capitol Gateway Marketplace 7 58th & East Capitol Sts., NE A&R Development/DCHA/Henson Development Co. 304 Apt $120 2016
25 Georgia Eastern 4 7828 Georgia Ave., NW Douglas Development Corporation 220 Apt 2016
26 Arcadia at Brookland Station 5 901 Monroe St., NE The Menkiti Group/Horning Brothers 213 Apt $50 2016
27 West End Square 37 2 24th & L Sts., NW EastBanc/Dantes Partners/Warrenton Dev. Group 164 Apt/HO $150 2016
28 Hine Junior High School 6 700 Pennsylvania Ave., SE Stanton Development Corp./EastBanc/Dantes
Partners/Jarvis Co.
156 HO $190 2016
29 Rhode Island Avenue
Gateway
5 2313 - 2321 4th St., NE H Street CDC/E&G Group 116 Apt $37 2016
30 Gateway Market 5 340 Florida Ave., NE LCOR Incorporated/EDENS 188 Apt $55 2017

RESIDENTIAL DEVELOPMENT
The Harper WARD 1
DEVELOPER(S): Level 2 Development/Keener & Squire Properties
CONTRACTOR(S): Grunley Construction
STATUS: Completed
SPECS: The Harper is a seven-story, 144-unit apartment building with 6,000 sq.
ft. of ground floor retail. Units feature studios and one-bedrooms and range in
size from 350 - 600 sq. ft.
1011 M Street WARD 2
LOCATION: 1011 M Street, NW
DEVELOPER(S): Community Three Development
STATUS: Near Term
SPECS: An existing parking lot on the northeast corner of 11th & M Streets will
be transformed into a six-story building with 71 condominium units (550 – 1,400
sq. ft.) and 4,100 sq. ft. of retail space. A sheeting & shoring permit was issued in
October 2014.
Atlantic Plumbing (Parcel A & B) WARD 1
LOCATION: 2030 & 2112 8th Street, NW
DEVELOPER(S): The JBG Companies/Walton Street Capital
ARCHITECT(S): Morris Adjmi Architects/Eric Colbert & Associates PC
CONTRACTOR(S): HITT Contracting
SPECS: Parcels A & B of the former Atlantic Plumbing site will be redeveloped
into two mixed-use buildings totaling 310 apartments, 62 condos and 23,700 sq.
ft. of retail space. The retail will be anchored by a six-screen Landmark Theater
and seven art studios.
Park 7 WARD 7
LOCATION: Minnesota Avenue & Benning Road, NE
DEVELOPER(S): Donatelli Development/Blue Skye Development LLC
CONTRACTOR(S): Blue Skye Construction LLC/
McCullough Construction LLC
STATUS: Completed
SPECS: The five-acre site (previously vacant), located adjacent to the Minnesota
Avenue Metrorail Station, was redeveloped into 376 apartments and 22,000 sq. ft.
of retail space.
ImagecourtesyofCommunityThreeDevelopment
ImagecourtesyofTheJBGCompanies

Park Van Ness WARD 3
LOCATION: 4455 Connecticut Avenue, NW
DEVELOPER(S): BF Saul
SPECS: Park Van Ness will replace a seven-story office and retail building with an
11-story residential building with 271 apartments, 10,000 sq. ft. of retail space and
224 underground parking spaces.
Ontario 17 WARD 1
DEVELOPER(S): Peterson Companies
ARCHITECT(S): Eisen Group
CONTRACTOR(S): Ellisdale Construction & Development
SPECS: The former site of the Ontario Theater at the corner of 17th & Columbia
Road is being redeveloped into 80 condominium units and 9,000 sq. ft.
of retail space.
Trinity Plaza WARD 8
LOCATION: Atlantic & South Capitol Streets, SW
DEVELOPER(S): Far SW-SE CDC/MissionFirst HDC
ARCHITECT(S): Grimm + Parker & Associates
CONTRACTOR(S): Hamel Builders
LEED: Silver
SPECS: Trinity Plaza will be a new development consisting of 49 affordable rental
units and 6,000 sq. ft. of retail space.
Lyric WARD 6
LOCATION: 440 K Street, NW
DEVELOPER(S): The Wilkes Company/Quadrangle Development
ARCHITECT(S): Davis, Carter, Scott Ltd
CONTRACTOR(S): HITT Contracting Inc
STATUS: Completed
SPECS: 440 K Street delivered 234 market rate apartments and 9,500 sq.
ft. of retail space in early 2014. Baked & Wired will open a 4,231 sq. ft.
cafe/bakery in 2015.
ImagecourtesyofBFSaul
ImagecourtesyofthePetersonCompanies
ImagecourtesyofMissionFirstHDC

Sky House I & II WARD 6
LOCATION: 1150 & 1151 4th Street, SW
DEVELOPER(S): Urban Atlantic/The JBG Companies
ARCHITECT(S): Wiencek + Associates Architects + Planners
STATUS: Completed/Under Construction
TARGETED DELIVERY: 2Q 14 - 4Q 14
SPECS: Sky House I and II convereted two office buildings into apartment units.
Each building consists of 264 apartments with Sky House I (1150 4th Street, SW)
delivering in 2Q 2014 and Sky House II (1151 4th Street, SW) scheduled to open
in 4Q 2014.
The Colonel WARD 2
DEVELOPER(S): CAS Riegler/Douglas Development Corporation/
City Interests
ARCHITECT(S): PGN Architects PLLC
CONTRACTOR(S): Donohoe Companies
SPECS: The Colonel will be a 70-unit apartment building with 8,200 sq. ft.
ground-floor retail space at the corner of 9th & N Streets, NW. The project
incorporates an existing 1923 apartment building on the site.
Takoma Central WARD 4
LOCATION: 235 - 255 Carroll Street, NW
DEVELOPER(S): Level 2 Development/Federal Capital Partners
ARCHITECT(S): SGA Companies
LEED: Silver
SPECS: Takoma Central will consist of 150 apartments and 9,500 sq. ft. of retail
space. A 6,500 sq. ft. Busboys and Poets will anchor the retail space.
LOCATION: 2321 4th Street, NE
DEVELOPER(S): H Street CDC/E&G Group
ARCHITECT(S): Bonstra|Haresign Architects
CONTRACTOR(S): Harkins Builders Inc
STATUS: Near Term
SPECS: The vacant site near 4th and Rhode Island Avenue, NE will be developed
into 116 affordable residential units and 5,100 sq. ft. of retail space.
ImagecourtesyofHStreetCDC

Gallery at Capitol Riverfront WARD 6
LOCATION: 1111 New Jersey Avenue, SE
DEVELOPER(S): Donohoe Companies
ARCHITECT(S): WDG
CONTRACTOR(S): Donohoe Construction
SPECS: The vacant site adjacent to the Navy Yard Metorail Station will be
developed into a 13-story, 342-unit apartment building with about 11,000 sq. ft. of
retail space.
1421 Euclid Street WARD 1
LOCATION: 1421 Euclid Street, NW
DEVELOPER(S): Dantes Partners/The Menkiti Group
ARCHITECT(S): Grimm + Parker & Associates
CONTRACTOR(S): Hamel Builders/Capital Construction Enterprises
SPECS: 1421 Euclid Street is a five-story, 28-unit affordable apartment community,
located on the former Justice Park site.
82 Eye Street WARD 6
LOCATION: 82 I Street, NW
DEVELOPER(S): Greystar Development/RCP Development Company
ARCHITECT(S): R2L Architects PLLC
CONTRACTOR(S): Moriarty
STATUS: Near Term
SPECS: Plans call for a 220 to 234-unit residential building with the potential for
4,000 to 8,000 sq. ft. of retail space.
LOCATION: 8th & O Streets, NW
DEVELOPER(S): Roadside Development/Dantes Partners
ARCHITECT: Shalom Baranes Associates
LEED: Gold
STATUS: Medium Term
SPECS: Plans call for 70 condominiums and 6,900 sq. ft. of retail space.
The project was awarded to the development team in September 2014
by the DC government.
ImagecourtesyofWDG
ImagecourtesyofRoadsideDevelopment
ImagecourtesyofR2LArchitectsPLLC

The Villages at Dakota Crossing (Phase III) WARD 5
LOCATION: Fort Lincoln Drive & Commodore Joshua
Barney Drive, NE
DEVELOPER(S): Fort Lincoln New Town Corporation
CONTRACTOR(S): Ryan Homes
SPECS: The Villages at Dakota Crossing consists of 322 townhome and
townhome-style condominiums ranging from 1,680 - 3,024 sq. ft. in size. Phase
III consists of 167 units and is part of the 362-acre Fort Lincoln New Town
mixed-use urban renewal area.
City Homes at the Hampshires & Towns of Hampshires WARD 4
LOCATION: 6000 New Hampshire Avenue, NW
DEVELOPER(S): Four Points LLC/Comstock Homes
ARCHITECT(S): Franck & Lohsen
TARGETED DELIVERY: 2013 - 2015
SPECS: The 11-acre site surrounding the former Medstar Nursing Home is being
developed into 38 single family dwellings (up to 2,700 sq. ft.) and 73 townhomes
(1,800 – 1,900 sq. ft.). Residents started to move into the single-family homes in
early 2013.
Jefferson at Market Square WARD 6
DEVELOPER(S): The Jefferson Apartment Group
ARCHITECT(S): Lessard Design
CONTRACTOR(S): SE Foster Construction Company
STATUS: Completed
SPECS: The former Kelsey Gardens site was redeveloped into an eight-story, 281
mixed-income apartment building with 13,400 sq. ft. of retail space.
Elevation at Washington Gateway WARD 5
LOCATION: 100 Florida Avenue, NE
DEVELOPER(S): MRP Realty
STATUS: Completed
SPECS: Phase I of the three-acre, 1.0 million sq. ft. Washington Gatway project
delivered 400 apartments and 5,200 sq. ft. of retail space. Union Social will
occupy the entire retail/restaurant space.

CONTACT US
1717 K STREET, SUITE 1010 | WASHINGTON, DC 20006
P: 202.778.3100 | WWW.DELTAASSOCIATES.COM |
Gregory H. Leisch, CRE
Chief Executive
Greg.Leisch@DeltaAssociates.com
David Weisel, CRE
President
David.Weisel@DeltaAssociates.com
Alexander (Sandy) Paul, CRE
Executive Vice President
Alexander.Paul@DeltaAssociates.com
DELTA ASSOCIATES
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time to helping people and their communities succeed.

HOSPITALITY

Since 2001, the average hotel
occupancy rate for DC has
fluctuated between 69% and
76% and remained consistently
between 74% to 76% since 2008.
Hospitality Development in the District of Columbiahospitality
DC HOSPITALITY MARKET SNAPSHOT
ANNUAL VISITORS 1
19.0 million
HOTEL ROOMS 2
~29,000
HOTEL OCCUPANCY RATE1
76%
AVG. DAILY ROOM RATE1
$209
1. DestinationDC (2013 Visitor Statistics) 2. REVPAR
3. Opened a three-screen pop-up theater in 2014 at Union Market
The opening of the 1,175-room Marriott Marquis in
May 2014 was a watershed moment for the DC hotel
and hospitality sector. The hotel by itself represents
the largest number of net new rooms to deliver to the
market in any given year since the WDCEP began
tracking development projects in 2001.
Since 2001, the average hotel occupancy rate for DC
has fluctuated between 69% and 76%. Even with the
addition of 848 net new hotel rooms to the market
since the beginning of 2008, the DC occupancy rate has
remained consistent ranging from 74% to 76%1
.
Given DC’s market stability hotel developers appear
to be undeterred by the opening of the Marriott
Marquis as there are another 2,320 hotel rooms under
construction and scheduled to deliver by 2017. These
10 projects will add 1,908 new rooms to the market.
In addition, there are another four hotel projects
that could break ground in the next six to 12 months,
representing an additional 1,314 net new rooms.
While hotel projects make up the majority of the
hospitality development sector, there were several
notable non-hotel groundbreakings in the past year.
The construction of the 47,000 sq. ft. Barry Farm
Recreation Center started in Q4 2013 (site demolition
started in Q2 2013), the new Williams Arena at the
Southeast Tennis and Learning Center broke ground
in Q2 2014 (phase I delivered in Q4 2014) and the $800
million Museum of the Bible started the renovation of
300 D Street, SW in Q3 2014. ¾
THEATER SCREENS NEIGHBORHOOD TARGET OPENING
Angelica Film Center3
8 Union Market 2016/2017
Landmark Theaters 6 14th & U Streets/
Shaw
2015
Landmark Theaters 10 NoMa 2016/2017
Showplace Icon 16 Capitol Riverfront TBD
NOTABLE THEATERS Entering/Expanding in DC

1. projections based on targeted delivery dates of projects under construction as of September 2014 2. includes community, entertainment, museum and hotel projects
net new rooms added to
the market by 2017
1,908
HOSPITALITY DEVELOPMENT (September 2014) 2
PROJECTS SQ. FT. ROOMS NET NEW ROOMS
Completed 166 16,858,596 12,804 4,831
2001 11 683,718 411 175
2002 17 931,600 1,416 409
2003 16 3,106,707 490 86
2004 13 1,776,381 500 400
2005 16 1,089,564 1,106 890
2006 14 1,009,386 754 238
2007 7 758,500 538 -10
2008 10 3,162,093 2,159 132
2009 12 820,746 1,035 207
2010 12 1,052,328 1,614
2011 9 241,255 204 204
2012 9 163,985 356
2013 11 498,070 426 305
2014 YTD 9 1,564,263 1,795 1,795
Under Construction 22 2,924,757 2,320 1,908
2014 delivery 1 48,000
2015 delivery 13 1,017,900 1,039 627
2016 delivery 6 783,357 598 598
2017 delivery 2 1,075,500 683 683
Pipeline 73 5,373,800 4,850 4,480
Near Term 21 1,063,449 1,207 1,207
Medium Term 23 2,006,455 1,514 1,514
Long Term 29 2,303,896 2,129 1,759
TOTAL 261 25,157,153 19,974 11,219
COMPLETED
20161
20151
20141
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2014
YTD
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
GROUNDBREAKINGS
411
1,416
490
500
1,106
754
538
2,159
1,035
1,614
204
356
426
1,795
237
925
1,007
895
515
550
2,053
962
1,991
544
1,324
659
594
608
Projected
1,039
598
1,712
HOTEL PROJECTS (September 2014, rooms)

Alexandria
NATIONAL
AIRPORT
M
M
M
1
395
M
66
GEORGEW
ASHIN
G
TO
N
M
E
M
O
RIALPKW
Y
VIRGINIA
VIRGINIA
NATIONAL MALL
U.S. CAPITOL
ROCK
CREEK
PARK
GEORGIAAVE
E. CAPITOL ST.
H ST.
CONNECTICUTAVE
FORT DUPONT
PARK
NATIONALS
PARK
UNION
STATION
U ST.
14THST.
DEVELOPMENT MAP
HOSPITALITY
1
2
3
4
5
6
78
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24 25
2627
28
29
30
Completed
Under Construction
Pipeline

DC Development Report: 2014/2015 Edition

DC Development Report: 2014/2015 Edition

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