Executive Summary

1
BROADCAST CENTER ONE PROJECT UPDATE
Shaw Main Streets Aug 2, 2007
2
Ellington Plaza Development Plan
Preservation of Historic Rowhouse / Retail Sites
Howard Theatre
Ellington Plaza
Cecilias Stage Door
Wiltberger Warehouse (Future Arts District)
Broadcast Center / Radio One HQ
(Shaw-Howard Metro)
Wonderbread Factory (Future Artists
Studios or Lofts)
3
Summary of Project Programming

• Broadcast Center Office
• 93,000 NSF of Office Space
• 60,000 NSF Will Serve as New National HQ
• for Radio One Corp.
• 33,000 NSF Available to 3rd Party Tenants
• Studio Space and Retail on Ground Level
• One Level Glass-and-Steel Portico
• Extending Toward 7th Street Adds
• Architectural flair
• 20,000 NSF of Retail Space

• Broadcast Center Residential
• 180 Apartment Units
• 45 Units Reserved as Affordable
• 18 Units _at_ 31 - 50 AMI
• 9 Units _at_ 51 - 80 AMI
• 18 Units _at_ 80 - 120 AMI
• Rooftop Terrace for Common Use
• Latest in LEED-Certified Green
• Technology

4

Goals Accomplishments

• Recent Accomplishments
• HPRB Approval of Residential Design
• Successful Redesign of Office Building
• Renegotiation of Community Benefits Agreement
• Completion of 100 Design Documents
• City Council Approval of Draft Land Disposition
  Terms
• Near Term Goals
• Execution of Land Disposition Agreement
• Execution of Radio One Lease
• Lot Consolidation
• WMATA Easements
• PUD Approval
• Submit for Building Permit
• Groundbreaking

5
Broadcast Center Development Schedule
6
Public Benefit

• Forty Five New Affordable Apartment Residences
  above Metro in rapidly
• gentrifying Shaw neighborhood
• High-Density, Mixed-use project (residential,
  office, retail) at public
• transportation hub.
• DC Govt Revenues in excess of 20 MM over next
  20 years in form of
• recordation, transfer, property, income,
  sales, use and employment taxes.
• Major Arts / Music destination anchor to U
  Street/Shaw corridor
• Linking of Convention Center to Howard
  University / Georgia Ave, including
• extending office/employment farther up 7th
  Street.
• Reversal of historic trend of indigenous DC
  business moving to suburbs
• Prototype Development project which will meet
  Inclusionary Zoning Requirements

7
Public Benefit, Cont.

• 35 LSDBE vendor participation in Broadcast
  Center One and Howard Theatre
• Participation in First Source Employment
  Program (DCs DOES).
• New Retail employment opportunities on 7th
  Street for members of Shaw/LeDroit
• community.
• Construction jobs and apprenticeship
  opportunities for members of Shaw/LeDroit
• community.
• Radio One job opportunities and relationship
  with Howard University business school
• to develop new young professionals for the
  communications industry.
• 10 of retail spaces subsidized for community
  retail businesses.
• 350,000 of Community Development Initiative
  (CDI) Funds

8
Realization of DC Government Objectives

• Adherence to Major Themes and Elements of the
  Comprehensive Plan
• Stabilizing the Districts Neighborhoods
• Respecting and Improving the Physical Character
  of the District
• Preserving and Ensuring Community Input
• Compliance with the Major Elements of the
  Comprehensive Plan
• Adherence to Objectives of Duke Plan
• An increase in the density of land use
  designations
• Creation of sustainable retail and ground-floor
  entertainment uses that enhance the public realm
  and
• develop an attractive streetscape
• Residential development that includes affordable
  housing
• The preservation of existing historic resources
  through forward-thinking and innovative design
  solutions
• Dense, compact, mixed-use transit-oriented
  development.
• Comprehensive Housing Strategy Task Force
• Development of high density, high quality and
  high volume of new market-rate and affordable
  housing in DC
• high architectural and urban design standards
• Compliance with OPs Transit-Oriented
  Development (TOD) Objectives

9
Summary

• Broadcast Center One will make a major
  contribution to the revitalization of the
• Shaw / LeDroit Park Neighborhood and to the
  re-emergence of Georgia Avenue /
• 7th Street as one of DCs Great Streets.
• The Broadcast Center One Project will deliver
  significant benefit to the community
• including Jobs, Community Development
  Initiative Funds, Scholarships, Mentoring
• Opportunities and LSDBE Participation.
• Broadcast Center One complies with the
  objectives of the DC Government as
• articulated in the Comprehensive Plan, the
  Duke Plan and the Comprehensive
• Housing Strategy Task Force.
• Broadcast Center Partners respectfully request
  the support of ANC1A on
• behalf of our Planned Unit Development
  (PUD) Application to the District
• of Columbia Zoning Commission.

10

• Questions ?