TABLE OF CONTENTS - Douglas Development · who live in fashionable homes on small, manicured lots....

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Transcript of TABLE OF CONTENTS - Douglas Development · who live in fashionable homes on small, manicured lots....

Page 1: TABLE OF CONTENTS - Douglas Development · who live in fashionable homes on small, manicured lots. YOuNG DIGERATI - 1,917 hOuSEhOLDS Young Digerati are tech-savvy and live in fashionable
Page 2: TABLE OF CONTENTS - Douglas Development · who live in fashionable homes on small, manicured lots. YOuNG DIGERATI - 1,917 hOuSEhOLDS Young Digerati are tech-savvy and live in fashionable

TABLE OF CONTENTSDC Area Market Overview

Market Profile: Old Town Alexandria

King Street Shopping + Dining

Demographic + Psychodemographic Profile

Property Closeup

Access + Visibility

The Opportunity

Page 3: TABLE OF CONTENTS - Douglas Development · who live in fashionable homes on small, manicured lots. YOuNG DIGERATI - 1,917 hOuSEhOLDS Young Digerati are tech-savvy and live in fashionable

ARLINGTON COUNTY, VAPENTAGON /

CRYSTAL CITY

SHIRLINGTON

FALLS CHURCH

DUPONT + LOGAN CIRCLES

DOWNTOWN / EAST END

FOGGY BOTTOM / GEORGETOWN

ROSSLYN-BALLSTON CORRIDOR

MCLEAN

MERRIFIELD

TYSON'S CORNER

DC METRO SYSTEMRED LINE • Glenmont to Shady Grove

ORANGE LINE • New Carrolton to Vienna/Fairfax-GMU

BLUE LINE • Franconia-Springfield to Largo Town Center

GREEN LINE • Branch Avenue to Greenbelt

YELLOW LINE • Huntington to Fort Totten

SILVER LINE • Under Construction

ANNANDALE

ALEXANDRIA

AREA OVERVIEWWashington DC is one of the hottest retail markets in the world. From Georgetown to Friendship Heights, the District’s neighborhoods are vibrant and alive, retailers are exceeding their expectations (as well as national averages), and restaurants have lines out their doors.

This vibrancy has been spreading to close-in suburbs for more than the past decade. As a result, Old Town, Alexandria has become one of the DC area's best places to live, work, shop, and eat.

Built upon a charming, close-knit community, this neighborhood is the best of both worlds – a thriving commercial district, home to destination restaurants and shopping, as well as a bustling residential community steeped in history and the arts.

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OLD TOWN, ALEXANDRIA

Just ten minutes from Downtown DC, Old Town in Alexandria is a destination in its own right. From its historic sights and luxury hotels to its abundance of shopping and restaurants, Old Town has much to offer its visitors as well as its growing residential population. Old Town has experienced steady growth as a solid core of mature professionals are joined by young urbanites looking for a happening haven away from the big city.

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Starbucks1767 King Street

The Perfect Pita1640 King Street

Dunkin' Donuts1640 King Street

Uptowner Cafe1609 King Street

Brabo 1600 King Street

Casablanca1504 King Street

Hard Times Cafe1404 King Street

Rock It Grill1319 King Street

Snap Fitness1315 King Street

Pacers1301 King Street

Pines Of Florence1300 King Street

Olio Tasting Room1223 King Street

Vermilion1220 King Street

Red Barn Mercantile1117 King Street

Potomac Bead Company1104 King Street

Paint This!1013 King Street

Current Boutique1109 King Street

The Majestic911 King Street

RedRocks904 King Street

Calico Corners814 King Street

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Austin Grill801 King Street

Chico's800 King Street

Bertucci's725 King Street

Geranio Ristorante722 King Street

Papyrus721 King Street

Murphy's Grand Irish Pub713 King Street

The Dog Park705 King Street

Nando's Peri-Peri702 King Street

BGR106 N Washington Street

Ross112 N Washington Street

Ann Taylor115 N Washington Street

Nine West Outlet629 King Street

Banana Republic628 King Street

Gap Outlet622 King Street

Walgreens615 King Street

H&M614 King Street

Bread & Chocolate611 King Street

Anthropologie610 King Street

La Tasca607 King Street

Chipotle601 King Street

Starbucks532 King Street

La Madeleine500 King Street

Jackson 20480 King Street

Ann Taylor LOFT423 King Street

Pendleton417 King Street

Two Nineteen219 King Street

Warehouse Bar & Grill214 King Street

Ichiban Sushi House211 King Street

Lou Lou132 King Street

Pizzeria Paradisio124 King Street

The Wharf119 King Street

Paper Source118 King Street

Landini Brothers115 King Street

Silver Parrot113 King Street

Bugsy's Pizza111 King Street

Scoop Grill110 King Street

Ben & Jerry's103 S Union Street

Firehook Bakery105 S Union Street

Starbucks100 S Union Street

Bike & Roll1 Wales Alley

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Capital Bikeshare Station

Zipcar Location

CORRIDOR MAP KEY

KING STREET CORRIDOR

A George Washington Masonic Nat'l Memorial

B Lorien Hotel & Spa

C Old Town Theater

D Hotel Monaco

E Alexandria Farmer's Market

F Carlyle House

G Torpedo Factory Art Center

H King Street Park

I Waterfront Park

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WhILE DEMOGRAphICS ARE FACTS AND FIGuRES ABOuT INCOME, EDuCATION, pOpuLATION AND ThE LIKE, pSYChODEMOGRAphICS INDICATE ThE TRuE NATuRE OF hOW A pOpuLATION LIVES.MONEY & BRAINS - 2,687 hOuSEhOLDS

The residents of Money & Brains seem to have it all: high incomes, advanced degrees, and sophisticated tastes to match their credentials. Many of these city dwellers are married couples with few children who live in fashionable homes on small, manicured lots.

YOuNG DIGERATI - 1,917 hOuSEhOLDSYoung Digerati are tech-savvy and live in fashionable neighborhoods. Affluent, highly educated, and ethnically mixed, Young Digerati communities are typically filled with trendy apartments and condos, fitness clubs and clothing boutiques, casual restaurants, and all types of bars – from juice to coffee to microbrew.

DEMOGRAphICS + pSYChODEMOGRAphICS

KEY pSYChODEMOGRAphIC SECTORS WIThIN A hALF MILE

POPULATION2013

GROWTH2000-2010

GROWTH2010-2013

PROJeCTeD GROWTH2013-2018

AVeRAGe HH INCOMe

2013-2018

MeDIAN HOUSING VALUe

2013

DAYTIMe POPULATION

2013

¼ MILe 1,849 1.60% 3.82% 5.79% $170,000 $704,121 8,836

½ MILe 9,811 1.10% 5.09% 7.44% $161,022 $639,395 24,812

¾ MILe 17,634 6.27% 6.14% 8.62% $158,677 $589,077 33,942

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ReTAIL SPACe3,880 SF

KING STREET KING STREET

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GROuND FLOOR RETAIL pLAN

LOWER LEVEL RETAIL pLAN

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OLD TOWN THeATeR

HOTeL MONACO

ALeXANDRIA FARMeRS' MARKeT

PRINCE STREET

CAMERON STREET

DUKE STREET

ACCESS & VISIBILITY

AERIAL KEY

Two Way Street

Unobstructed Views

Capital Bikeshare Station

Points Of Interest

Page 9: TABLE OF CONTENTS - Douglas Development · who live in fashionable homes on small, manicured lots. YOuNG DIGERATI - 1,917 hOuSEhOLDS Young Digerati are tech-savvy and live in fashionable

ThE OppORTuNITYWith a total of approximately 8,500 square feet at the corner of bustling Washington and King Streets, 700 King Street is a one-of-a-kind opportunity for retailers and restaurateurs in the heart of Old Town, Alexandria. With a strong residential base that continues to grow – coupled with a tourist population looking to experience Old Town's unique shopping, dining, and art scene – 700 King Street is poised to perform.

Page 10: TABLE OF CONTENTS - Douglas Development · who live in fashionable homes on small, manicured lots. YOuNG DIGERATI - 1,917 hOuSEhOLDS Young Digerati are tech-savvy and live in fashionable