Transcription
Public Disposition HearingFrank D.ReevesCenter RedevelopmentReeves CMC VentureAPRIL 20, 2021
1PresenterSimone Goring DevaneyPrincipal and Co-founderCSG Urban Partners, LLCAdditional Team MembersQuintin E. Primo IIIChairman and Chief Executive OfficerCapri Investment GroupMichael MarshallPrincipal and CEOMichael Marshall Design
2The VisionReeves CMC Venture proposes a uniquelytransformational project that:1234Creates a living legacy respectful of the history of thesurrounding community, and its significance to Blackidentity, culture, and enterprise especially its uniqueposition as a heart of the District’s music and arts scene.Establishes an open and welcoming public plaza thatactivates the site and honors its ties to civic activism andthe District’s struggle for Home Rule.Proudly incorporates the new national headquarters ofthe NAACP, not only as a key stakeholder, but also as asubstantial equity owner.Leverages the Development’s more than 300 millionbudget to create significant construction and permanentjobs for District residents and produce crucial mixedincome and substantial affordable housing, includingaffordable homeownership opportunities.Our vision embraces social equity by maximizingminority ownership and creating equitable benefits forDistrict residents
ProposedProgrammingResidentialOfficeArtsOur proposed 633,000 square foot reimagined ReevesCenter LEED-Silver development will consist of:More than 110,000 square feet of Class A office space,divided equally between the NAACP and multiple othergovernment and non-government tenants.20,000 square feet of street-level retail to includea dedicated percentage of rentals to local-areabusinesses and community nonprofits at belowmarket rents.Retail24,000 square feet of arts-related programing,including a 10,000-square foot externally visiblestudio for Alvin Ailey.Public Space628 units of mixed-income multifamily housing, at least30% of which will be dedicated to affordable dwelling unitsserving low-income residents earning 50% or less of MFI.Parking SpaceFor-sale townhomes that will provide homeownershipopportunities for low-income residents earning 50% or lessof MFI, developed in partnership Habitat for Humanity andDouglass Community Land Trust.3
ProposedProgrammingA 24,000-square foot public plaza and performance venue –proposed as the Frederick Douglass Plaza and Marion Barry Jr.Amphitheatre – that will be activated with lively outdoor cafes,cultural and arts programming, and other creative elements that willmake it a popular gathering place, welcoming people of all culturesand economic means.Creative water features and lighting animate the courtyardyear-round, while a seasonal rotation of artwork becomes anattraction that draws visitors and showcases local talent. Inaddition, there is the potential to host a weekly farmers marketduring the spring, summer and fall seasons.The strategic use of art and cultural centerpieces will enhancethe retail environment and provide a connection to the uniquecultural fabric that is the heartbeat of the corridor.The two V Street connections combined with the mainentrance will allow for multiple access points leading intothe center features and commercial space.4
5Affordable Housing& Unit MixResidential Unit MixUnit Type% of Units# of UnitsMarket Rate - Mixed Income70.0%440Affordable30.0%188All Units100%628Affordable Unit MixIncome Mix% of Units# of Units30% MFI25%4750% MFI75%141Total Affordable Units100%188Affordable For-Sale Units100%5
NAACPEntails NAACP’s 100% ownership of 50,000-SF officecondominium and substantial ownership of remainingoffice building.NAACP is also proposed as a major owner of themultifamily and retail portions of the project, which willproduce long-term income and appreciation for them.NAACP will participate in overall design and developmentplanning as a key partner.Given Reeves historic affiliation and NAACP’sinvolvement, the property should qualify as a NationalHistoric Site for Black culture.The NAACP will be a trueequity and developmentpartner, we are not lookingfor charity - President Derrick Johnson, NAACPPartner to help achieve the goals of the Centering Equityin the Sustainable Building Sector (CESBS) Initiative toproactively incorporate sustainable building policies andpractices in the Reeves Center development that results inequitable access for all.6
7Alvin AileyThe Ailey School has agreed to establish first satellitelocation at the new Frank D. Reeves Center.In the process of legally documenting a Letter of Intentbetween the parties, which will include a long term lease withtenant buildout per their specifications.Ailey seeks to use school to instruct locally based students,provide a feeder for the International troupe, and offerculturally and socially informed dance to District residents.Washington JazzArts InstituteThe WJAI will be housed in a state of the art recordingstudio, and will host the WJAI Summer and Fall JazzMentor Program.
DevelopmentTeamThe development team will be minority-controlled and -led,consisting of three highly experienced organizations:CSG Urban PartnersA locally based, minority-owned firm established in 2003 byCharles King and Simone Goring Devaney, which has beeninvolved in numerous commercial projects in the 14th Streetand U Street Corridors, across the District, as well as alongthe east coast.Capri Investment GroupA minority-owned Chicago- and Los Angeles-based realestate investment and development firm founded in 1992by Quintin E. Primo III that has completed over 14 billion incommercial investments globally.MRP RealtyA D.C. based majority firm led by Robert J. Murphy andestablished in 2005, that has completed 34.3 million squarefeet of development projects, representing 6.6 billion incapital investment.In all participantorganizations andacross all functions,our team will drawfrom the wealth ofresources within theBlack professionalcommunity, bothlocally and nationally.8
9Our development team includes a group of highly qualified,minority-owned, woman-owned and locally based CBEorganizations, such as Smoot Construction, PGN Architectsand Michael Marshall Design, Bradley Site Design, and otherwell-known minority-controlled companies that are experiencedin local area development, planning, design, and construction.
10Baldwin HillsNorthwest OneThe WrenBaldwin Hills Crenshaw PlazaNorthwest OneThe WrenLos Angeles, CaliforniaWashington, DCWashington, DCRetail Mixed-useRetail MultifamiliyRetail Multifamiliy 2 Billion Redevelopment 82 Million Development 154.9 Million Development
11First, the leading members of the developmentteam are African American and also include alarge number of women ng equitable development goals isan area in which we believe our proposalis the strongest:Second, substantial needed jobs andhousing will be provided for localarea residents.Third, unique ownership opportunities willbe created for community residents andbusinesses. The Reeves CMC Venture hasthoughtfully endeavored to address all aspectsof community involvement and participation.
12Community andDistrict Benefits12345Expressly meets the goals and objectives of the District’s2006 Comprehensive Plan.6Projected state-of-the-art environmental sensitivity withbetter acess to light, air circulation, and wellness.Consistent with the site’s largely ARTS-4 zoning, which seeksto promote the creation of arts and arts-related uses, activatedstreetscapes, and new housing and business opportunities.7Greatly improves the quality of life for the surroundingneighborhood.8Art, in all forms of its expression, remains a criticalcomponent of the Black community.Economically attractive and socially impactful, creatingnumerous local part-time and full-time construction andoperating jobs.Minimum of 190 units of essential affordable housing – 30% ofmore than 600 units of mixed income housing overall.Estimated 78 million increase in the District’s tax baseover the next 10 years.910Provides below market space for local smallbusinesses like the Christian Tabernacle ChildDevelopment Center.In line with Mayor Bowser’s goal to end homelessnessin the District, the CMC Reeves team is interestedin introducing the Primo Center, Chicago’s largestprovider of services for the homeless, to the underserved communities of Washington, DC.
Questions?
For more information visit:reevescmcventure.com
The Ailey School has agreed to establish first satellite location at the new Frank D. Reeves Center. The WJAI will be housed in a state of the art recording studio, and will host the WJAI Summer and Fall Jazz Mentor Program. In the process of legally documenting a Letter of Intent between the parties, which will include a long term lease with
