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Frank D. Reeves Center RedevelopmentLEGACY COMMUNITY PARTNERS April 20, 2021View of 14th and U StreetsFrank D. Reeves Center Redevelopment LEGACY COMMUNITY PARTNERS
EQUITABLE DEVELOPMENTLegacy Community PartnersCBE Development Team MembersFrank D. Reeves Center Redevelopment LEGACY COMMUNITY PARTNERS
EQUITABLE DEVELOPMENTWe Exemplify the Neighborhood’s Legacy of BlackWealth and Business Ownership that Extended BeyondU Street and Across Washington, DC’s Eight (8) Wards Partnerships that Create Value A Strong DC-Based Contracting Option for DMPED Opportunities for Local Black & Brown Businesses Subcontracting & Partnership Approach TargetingMinority-Owned and Operated Entities Individually and Collectively, the Team has Curated aProfile as Trusted Lead Developers, DeliveringComplex Projects with a Measurable Impact onRegional Economic Development- In Previous Projects Dantes Partners Exceeded SmallBusiness Participation Requirements by 173%Frank D. Reeves Center Redevelopment LEGACY COMMUNITY PARTNERS
OVER 10 YEARS OF COLLABORATIONFortitude at Delta TowersCapitol VistaFrank D. Reeves Center Redevelopment LEGACY COMMUNITY PARTNERS
DEVELOPMENT TEAMEXPERIENCELuxury Affordable Housing Developmentas 1st Phase of the 500,000 sf HineSchool Redevelopment Total Development Cost: 120M Performance: 2015 - 2017 Financing: 4% LIHTC, Tax- ExemptBonds and a Sponsor Loan Sustainability: Façade features includeterracotta clay tile and brick withcopper cornices that wrap theperimeter. The building achieved aLEED Silver-level ratingHine North Building Washington, DCFrank D. Reeves Center Redevelopment LEGACY COMMUNITY PARTNERS
DEVELOPMENT TEAMEXPERIENCEA 504-Key Hotel, 12-Story Mixed-UseDevelopment with Hospitality, Residential& Retail in the Shaw Historic District Total Development Cost: 190M Performance: 2014 - TBD Financing: 4% LIHTC, Tax- ExemptBonds and a Sponsor Loan Sustainability: Façade features includeterracotta clay tile and brick withcopper cornices that wrap theperimeter. The building achieved aLEED Silver-level ratingColumbia Place – Phase II Washington, DCFrank D. Reeves Center Redevelopment LEGACY COMMUNITY PARTNERS
DEVELOPMENT TEAMEXPERIENCEA 1.9 Million sf of Residential,Commercial, & Community Space; AMixed-use Project on Six (6) Acres ofFormerly Vacant Land Total Development Cost: 1.1B Performance: 2015 - 2024 Financing: 4% LIHTCs, 9% LIHTCs,SLIHCs, tax exempt bonds,conventional financing Sustainability: LEED ID C: RetailCertified, October 2020Essex Crossing Lower East Side, Manhattan, NYFrank D. Reeves Center Redevelopment LEGACY COMMUNITY PARTNERS
PROJECT CONCEPTLCP’s Approach to Placemaking isInspired by a Charge to Return theNeighborhood to the Economic Viability& Cultural Vibrance that Marked its Past Residential Units-250 Multifamily Units46 Condo UnitsOffice 100,000 sq ft150 Hotel Keys Retail Partners- DC Central Kitchen- The Collective Food Hall- Songbyrd Community PartnersAerial View of 14th and U Streets- The MusicianShip- St. Augustine’sCatholic ChurchFrank D. Reeves Center Redevelopment LEGACY COMMUNITY PARTNERS
The Moxy Hotel & RetailFrank D. Reeves Center Redevelopment LEGACY COMMUNITY PARTNERS
View of Marion Barry Way on V StreetView of Marion Barry SquareFrank D. Reeves Center Redevelopment LEGACY COMMUNITY PARTNERS
COMMUNITY BENEFITS: Public Land for Public Good Growing Hyper Local Teams Capacity- Development Teams- Subcontracting Teams Affordable Housing- 30%, 50%, 80% AMI Job Creation 4,000- Hotel- Retail- Construction Creates A Destination Neighborhood- Increase Foot Traffic by 976 People per Day Increasing the Tax Savings Both On and Offsite- More Sales- More Income in the Local EconomyFrank D. Reeves Center Redevelopment LEGACY COMMUNITY PARTNERS
COMMUNITY PARTNER:DC Central Kitchen Uses Food as a Tool to Create Economic Opportunity &Build Healthier Communities Provide On-the-Job Training Provide Apprenticeship Opportunities for Their Graduates to Work at Boththe Hotel & 18,000sf Food Hall Operate A Café at the Foot of the Office Building Additional Social Impacts:- HEALTHY SCHOOL FOOD - Serving Award-Winning Farm-to-School Menus at DC Schools- HEALTHY CORNERS - Transforming Corners Stores Into Access Points for Healthy,Affordable Food- COMMUNITY MEALS - Preparing Nutritious Meals For Nonprofits,Youth Programs & Shelters DC Central Kitchen’s Social Impact in 2018: 71.8 Million- Every 1 Invested in DC Central Kitchen Creates 4.48 in Measurable Social,Environmental & Economic BenefitsFrank D. Reeves Center Redevelopment LEGACY COMMUNITY PARTNERS
Thank you!View of 14th and U StreetsFrank D. Reeves Center Redevelopment LEGACY COMMUNITY PARTNERS
Frank D. Reeves Center Redevelopment LEGACY COMMUNITY PARTNERS. DEVELOPMENT TEAM EXPERIENCE. Luxury Affordable Housing Development as 1st Phase of the 500,000 sf Hine School Redevelopment Total Development Cost: 120M Performance: 2015 - 2017 Financing: 4% LIHTC, Tax- Exempt Bonds and a Sponsor Loan
