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Investor Presentaiton

WALTER REED A WE ARE WASHINGTON DC Project Background: The Walter Reed Army Medical Center (WRAMC) former campus is located on the north end of the District, between 16th Street and Georgia Avenue. This location is approximately six blocks from the District boundary at Eastern Avenue and about two miles south of Downtown Silver Spring. The LRA Site occupies 66.57 acres of the 110.1-acre former campus. The remaining 43.53 acres on the eastern portion of campus will be occupied by Department of State (DOS) and a Public Health user. The LRA site has frontage on 4 sides: Fern Street on the north, Aspen Street to the South, and 16th Street on the west, making the site readily accessible to the adjacent neighborhoods. a surplus local With the recommended closure of the Walter Reed Army Medical Center (WRAMC) in 2005, the Federal government declared 62.5 acres on the main post of WRAMC in northwest Washington, DC as property, thereby making it available to redevelopment authority (LRA) for re-use. Acting through the Walter Reed LRA, the District of Columbia acquired 5 additional acres, including site frontage, through negotiations in 2010, and was charged with submitting a Reuse Plan to the U.S. Department of Defense and the Department of Housing and Urban Development. Project Snapshot ADDRESS: 6900 Georgia Avenue, NW. SSL: PAR 03190005 ZONING: WR-1 through WR-8 GROSS SQ. FOOTAGE: 4.5M SF DEVELOPABLE SQ. FOOTAGE: 3.1M SF LOT SIZE: 66.57 acres TRANSIT CONNECTIONS: 16th Street NW & Georgia Ave NW WMATA Bus lines Takoma Metro Station (WMATA Redline) within .6 miles NEIGHBORHOOD: Shepherd Park, Takoma & Brightwood Project Benefits 2,300 Construction Jobs 3,460 Permanent jobs $900M Estimated tax revenue (over 30 years) 432 Affordable housing units 2,100 Residential units 212,000 Retail SF Project Updates PROJECT STATUS: In Negotiation NEXT MILESTONES: Fall 2015: Submitting finalized deal to the DC Council for approval Winter 2015-16: Securing DC Council approval Spring 2016: Transfer of the property Significant Project History July 11, 1864, Confederate troops led by General Jubal Early attempted to enter the city, but were turned back by Union troops on what later became the WRAMC site. 1860s In the 1880s, 131 acres of land between Seventh Street and Rock Creek was purchased by J. D. Cameron, which included the 110.1 WRAMC occupies today. 1880s 1900s In 1903 Lt. Colonel Williams Cline Borden commissioned local architects Marsh and Peter to produce a watercolor rendering and sketch plans for a medical campus. In 1948 General John Pershing died at Walter Reed. Pershing, who led US forces in Europe during WWI, was a vocal supporter of the hospital and advocated for the medical care of the soldiers who served under him. 1940s In 1977, the new Hospital, Building 2, was completed at Walter Reed; it took five years to construct. 1970s
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