docPortals Phase Lease Plan
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Portals Phase Lease Plan
Executive Summary Up to 10,085 square feet of space available for a fine dinning establishment across from the internationally renowned CityZen Restaurant Over 22,000 people work within walking distance of Southwest Washington’s Premiere Mixed Used Complex (almost all of which are government employees) 25 Million tourists visit one or more sites on the National Mall every year The Portals is located two blocks from the National Mall’s extensive array of museums and monuments and two blocks from the Smithsonian and L'Enfant Plaza Metro Stations There are no other major dining and shopping opportunities in close proximity to the Portals and workers and visitors currently have limited choices in Southwest Washington The Portals offers quality retailers including CVS, Potbelly and Starbucks Tourist traveling from Smithsonian Metro walking to the Washington Marina use the Pedestrian Bridge at the Portals to cross Maine Ave and the SW Expressway The Portals has a scenic overlook used by Tourist interested in the Washington Marina and Waterfront The Portals is located one block from the Potomac River's Southwest Waterfront, which is slated to be redeveloped with a 1.8 million square foot mixed-use property featuring 900 residential units, a 360 key hotel and 157,000 square feet of office space The Portals Overview The Portals is the largest g pprivate development p in the historyy of the Nation’s Capital, p , a $1 billion mixed-use project offering a unique retail opportunity on the emerging Southwest Waterfront. Developed by Republic Properties, it leverages the world-class, 440-room Mandarin Oriental Hotel featuring CityZen Restaurant, Sou’wester Restaurant, Empress Lounge and The Spa to create a new retail dynamic in this reborn and vibrant part of downtown Washington. Offering outstanding views of the Washington Monument, Potomac River, Jefferson Memorial and The Capitol Building and just two blocks from Metrorail, The Portals is becoming the destination retail marketplace in Southwest Washington. Strategically located in Southwest DC’s office market, The Portals addresses a daytime population which is greatly underserved. Within two blocks there are over 32,000 private and public sector workers. workers Easy access from the Holocaust Museum, Museum the U.S. U S Mint, Mint the Bureau of Printing Museum, the forthcoming Children’s Museum and the Washington Nationals Baseball Stadium allows for additional evening and weekend traffic. The Portals is conveniently located next to Route 1 and I-395 with direct access to Virginia and only 6.34 miles to Regan National Airport. Portals I is 379,774 square feet, Portals II consist of 588,500 square feet and Phase III is 506,000 square feet. The American College of Obstetricians and Gynecologists Building is 81,587 square feet. The Mandarin Hotel has 400 rooms and 40 suites. When completed the entire Portals project will offer over 3,000,000 square feet. Portals Area Map Portals Map Portals Site The Portals Is Serviced from 2 Metro Stations Station Smithsonian L'Enfant Plaza Average Weekday Ridership Average Weekend Ridership Average Saturday Ridership Average Sunday Ridership 12,603 22,068 19,973 8,948 11,175 4,778 8,798 4,170 Source: Wa s hi ngton Metropol i ta n Area Tra ns i t Authori ty from Ma y 2011 Portals Aerial Portals Site Portals Master Plan Fine Dinning Location Join CityZen, CVS, Potbelly and Starbucks at the Portals Cityy Zen Fine Dinning i i Location Fine Dinning Location (up to 10,085 square feet) Fine Dinning Location Portals Phase I Portals Phase II Portals Phase III Portals Mandarin Oriental Hotel Portals Linear Park in Front of Retail Spaces Portals Scenic Overlook and Pedestrian Bridge Over SW Expressway Pedestrian Bridge to W t f t Waterfront Scenic Overlook of the Waterfront Portals Future Phases Portals Phase Lease Plan Fine Dinning Location Portals Demographics Demographics Total Number of Businesses Daytime Population Average HH Income Food at Home Food Away from Home .5 mile 382 20,471 $123,715 $5,749 $5,183 .75 mile 827 34,772 $95,407 $5,114 $4,292 1 mile 2,886 87,502 $99,438 $5,112 $4,383 2 mile 20,476 415,463 $105,939 $5,260 $4,525 Southwest DC Sub-Market Dinning Alternatives Establishment Location Au Bon Pain FYI Yogurt McDonald’ss McDonald Starbuck’s Five Guys Moe’s SW Grill Gourmet Too Mamma Ilardo’s Roti Potbelly City Zen Sou’Wester E Empress L Lounge Portals Café Starbuck’s Potbelly Jessie Taylor Seafood Captain White Seafood Philips Flagship Pruitts Seafood Jenny's Asian Fusion L'Enfant Plaza L'Enfant Plaza LL'Enfant Enfant Plaza L'Enfant Plaza L'Enfant Plaza L'Enfant Plaza L'Enfant Plaza L'Enfant Plaza L'Enfant Plaza L'Enfant Plaza Portals Mandarin Oriental Portals Mandarin Oriental P Portals l M Mandarin d i O Oriental i l Portals Portals Portals Maine Ave Seafood Market Maine Ave Seafood Market Southwest Waterfront Southwest Waterfront Southwest Waterfront The Portals, 1250 Maryland Avenue, SW, Washington, D.C. The Portals, Washington, D.C. Looking South Employee p y Count 9,586 , Potomac Center 1900 Employees Phase 2 2161 Employees E l Phase 1 2135 Employees Mandarin Hotel 400 Employees 440 Rooms Phase 3 1393 Employees 750 estimate for spaces to be leased TOTAL 2143 Phase 4 Phase 5 Will totall 1.5 MM SF American College of Obstetricians and Gynecologists 407 Employees The Portals, Washington, D.C. Looking North Employee p y Count 9,586 , American College of Obstetricians and Gynecologists 407 Employees Phase 3 1393 Employees 750 estimate for spaces to be leased Phase 4 TOTAL 2143 Phase 5 Will total 1.5 MM SF Phase 1 2135 Employees Mandarin Hotel 400 Employees Phase 2 440 Rooms R 2161 Employees Potomac Center 1900 Employees The Portals, 1250 Maryland Avenue, SW, Washington, D.C. Exsisting Building Employees Phase 1 2,135 Ph Phase 2 2 161 2,161 Phase 3 Current 1,393 Phase 3 in Leasing 750 American College of Obstetricians and Gynecologists 407 Mandarin Hotel Rooms 440 Mandarin Hotel Employees p y 400 Potomac Center 1,900 TOTAL 9,586 Future Phases Phase 4 & 5 7,500 400 Yard Distance from the Portals 12th Street Entrance 400 Yard Distance from the Portals D Street Entrance 400 Yard Distance from the Portals D Street Entrance
