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Investor Presentaiton

ST. ELIZABETHS EAST REDEVELOPMENT WE ARE WASHINGTON DC Project Background: Minutes from Washington, D.C.'s global centers of commerce, power, media, science, and research, St. Elizabeths East is an exceptional opportunity to create a landmark for the 21st century. The 183-acre site provides unparalleled proximity and connectivity to one of the world's strongest real estate markets and regional economies in an environment that is serene and bucolic yet urbane, walkable, and transit-oriented. Its historic buildings are stately and sophisticated, and harken back Project Snapshot ADDRESS: 2700 Martin Luther King Avenue SE SSL: Lot 2, Square S-5868 ZONING: StE District DEVELOPABLE SQ. FOOTAGE: 5 million SF (multiple parcels) LOT SIZE: 183 acres TRANSIT CONNECTIONS: Adjacent to Congress Heights Metro Station (Metro Green Line); located along major transportation corridors - Martin Luther King Jr. Avenue, Alabama Avenue, and access from I- 295 and Suitland Parkway NEIGHBORHOOD: Congress Heights Project Benefits 7,056 Construction jobs • 6,486 Permanent jobs • $1B Estimated tax revenue (over 30 years) 1,300+ Residential units • 206,000 Retail SF 330,000 SF of hospitality space across 2 hotels • 1,800,000 Office SF . 500,000 SF of Innovation Hub space Significant Project History Organized by Congress in 1855 as the Government Hospital for the Insane, the institution that would become a nationally recognized symbol of healthcare and medical breakthroughs became known as St Elizabeths during the Civil War. 1860s Following its 19th century use for to an era of architectural integrity and building skills from generations past. St. Elizabeths East invites a mixed-use development that simultaneously serves nearby communities, nearby federal office tenants, and the pent-up local demand for retail, residential, and office/educational uses - all enhanced by substantial District of Columbia investment and planning to support the surrounding neighborhoods and infrastructure of this incomparable campus. agricultural purposes, the East Campus became home to a first group of buildings in 1902. The buildings referred to as the Richardson Group or the 1902 Buildings, were part of the largest expansion in the history of both campuses. - 1900s Project Updates PROJECT STATUS: Planning Interim Operations: R.I.S.E. Demonstration Center (tech + innovation center) and Gateway DC (food and special events pavilion) MILESTONES: May 2014: Request for Proposals issued July 2014: Received 5 responses Dec. 2014: Project awarded to Redbrick LMD-Gragg Cardona team July 27, 2015 Exclusive Rights Agreement with Gragg Cardona in place Upcoming: Historic Building "Beautification" (roof tile replacement) Pathway at St. Elizabeths East Opening (between Congress Heights Metro Station/Gateway DC) Completion of Security Site Assessment Opening of Kitchen-Share/Café at Gateway DC Construction of DC WASA Water Tower By the 1940s, the first and only federal mental facility with a national scope housed 7,000 patients and sprawled across more than 350 acres on both the west and east sides of Nichols Avenue (formerly Asylum Avenue and now Martin Luther King Jr. Avenue SE). 1940s Coinciding with the federal deregulation of mental healthcare, the 183-acre St Elizabeths East campus was transferred to the District in 1987. 1980s
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