Introduction to EYA - Peach New Media
.
Frequency of Use, by Transportation Mode Percentage
Go somewhere by car, truck, or motorcycle Walk several blocks or more to a destination Take public transit Ride a bicycle
Nearly every day
At least once a week
77
14
22 6 2
22 5 12
Frequency of Mode Use, by Size of Community Percentage using each mode nearly every day or at least once a week Take Drive transit Walk Bike Rural 96 2 31 19 Small town 90 8 42 12 Suburbs 96 8 37 15 Medium-sized city 94 14 49 12 Big city 79 34 59 15
Frequency of Mode Use, by Size of Community Percentage using each mode nearly every day or at least once a week Take Drive transit Walk Bike Rural 96 2 31 19 Small town 90 8 42 12 Suburbs 96 8 37 15 Medium-sized city 94 14 49 12 Big city 79 34 59 15
Frequency of Mode Use, by Size of Community Percentage using each mode nearly every day or at least once a week Take Drive transit Walk Bike Rural 96 2 31 19 Small town 90 8 42 12 Suburbs 96 8 37 15 Medium-sized city 94 14 49 12 Big city 79 34 59 15
Importance Rankings for Walkability, by Generation Percentage ranking each characteristic 6 or higher in importance on a scale of 1 to 10 Walkability All adults 70 Gen Y 76 Gen X 67 Baby boomers 67 War babies/silent generation 69
Importance Rankings for Public Transportation, by Generation Percentage ranking each characteristic 6 or higher in importance on a scale of 1 to 10 Convenient public transportation All adults 52 Gen Y 57 Gen X 45 Baby boomers 50 War babies/silent generation 56
• • •
Renter Demographics
Preference for Compact Development, by Generation Percentage preferring to live in a community with compact development attributes Three or More Compact Development Attributes All adults 54 Gen Y 59 Gen X 49 Baby boomers 57 War babies/silent generation 51
Prospectively
Currently 7%
17%
5% 49%
19%
63%
38%
Very satisfied Somewhat satisifed Somewhat dissatisfied
Staying about the same Getting better Getting worse
Satisfaction with aspects of community Percentage
Jobs Sidewalks Range of Transportation Options Current Home Local Housing Options
Satisfied 49% 71% 72% 89% 83%
Community Size: Current and Desired
Introduction to EYA
Introduction to EYA
Founded in 1992
Infill Expertise:
High-quality, urban infill residential, mixed-use and mixedincome development
Proven Track Record:
$100M/year, ~150-250 homes/year, over 4,000 units, $1.5 billion in sales
Dedicated Team:
Fully-integrated, 80 employees - acquisition, land development, construction, and sales
“Life within Walking Distance®”
Over 230 National and Regional Industry Awards
ULI Award of Excellence (Winner 1998 / Finalist ‘97, ‘99, ‘02, ’06)
ULI Terwilliger Center for Workforce Housing, Jack Kemp Workforce Housing Models of Excellence Awards 2010
America’s Best Builder (2000, 2009)
Project of the Year Grand Award (NAHB)
50th Golden Nuggett 2013 Awards, Grand Award Honors for Builder/Developer
Introduction to EYA
52
The Neighborhoods of EYA Maryland 1. Arts District Hyattsville 2. The Brownstones at Park Potomac 3. The Brownstones at Wheaton Metro 4. Cameron Hill at Silver Spring Metro 5. Fallsgrove 6. Little Falls Place 7. National Park Seminary 8. Strathmore Park at Grosvenor Metro Virginia 9. Alexandria Crossing 10. Carlyle City Residences 11. Centerpointe 12. Chatham Square 13. Clarendon Park 14. Courthouse Hill 15. Ford's Landing 16. The Lofts at Braddock Metro 17. Monument Place 18. Mosaic District 19. Old Town Commons 20. Old Town Village 21. The Oronoco 22. Palisades Park 23. Potomac Greens 24. Rivergate 25. The Villages of Stonegate 26. Westwood Village Washington, D.C. 27. Bryan Square 28. Capitol Quarter 29. Capitol Square 30. Chancellor's Row 31. Courts of Chevy Chase 32. Harrison Square 33. Hillandale
Introduction to EYA
53
EYA Project Examples
Arts District Hyattsville Product Type:
Hyattsville, MD
Rowhomes, Live/Work, Condominiums & Retail
Home Size:
800-2,700 SF
Home Prices:
$200,000’s to $700,000’s
Unit Count:
300 Rowhomes 250 Multi-Family
Retail:
40,000 SF
Site Size:
25 acres
Introduction to EYA
55
Arts District Hyattsville
Hyattsville, MD
Introduction to EYA
56
Potomac Greens Product Type:
Alexandria, VA
Townhomes Retail Plaza
Home Size:
1,714 to 3,450 SqFt
Home Prices:
$646,900 to $949,900
Unit Count:
120 Units
Introduction to EYA
57
Potomac Greens
Alexandria, VA
Introduction to EYA
58
Park Potomac
Potomac, MD
Product Type:
Townhomes
Home Size:
2,274 SqFt to 4,230 SqFt
Home Prices:
$750,000 to $1,100,000
Unit Count:
150 Units
Site Size:
19.69 acres
Introduction to EYA
59
Park Potomac
Potomac, MD
Introduction to EYA
60
Little Falls Place Product Type:
Bethesda, MD
Townhomes
Home Size: Market Rate
2,400 - 2,600 SqFt
Unit Count:
25 Market Rate
Site Size:
1.8 acres
Introduction to EYA
61
Little Falls Place
Bethesda, MD
Introduction to EYA
62
Old Town Commons Product Type:
Alexandria, VA
Townhomes & Multi-Family
Home Prices:
$300,000 to $800,000
Unit Count:
159 Townhome 86 Multi-Family 134 Affordable Rentals
Site Size:
8.49 Acres
M
Introduction to EYA
63
Old Town Commons
Alexandria, VA
Introduction to EYA
64
life within walking distance®
Federal Investment in Real Estate A Call for Action Ilana Preuss Vice President & Chief of Staff
#RethinkRealEstate
Federal Real Estate Policy Today
Over 50 different federal programs influence real estate in the United States • Loan Guarantees • Individual Tax Deductions • Commercial tax credits
#RethinkRealEstate
Changing real estate programs would benefit families and communities.
#RethinkRealEstate
From Examination to Action Federal Involvement in Real Estate: A Call for Examinaton (January 2013) • No overarching principles guide these programs • That’s hurting America’s families, restricting economic development in communities, failing taxpayers Programs should:
• Support balanced housing choices • Reinvest in existing neighborhoods • Provide a safety net for American families. • Help more Americans reach the middle class #RethinkRealEstate
We have a fiscal responsibility to act.
#RethinkRealEstate
Why do these programs matter to developers? Demand for real estate is changing: • Walkable neighborhoods • Rental housing, infill development, historic rehabilitation
#RethinkRealEstate
Benefits of Investing in Existing Communities
#RethinkRealEstate
Federal real estate programs are not designed for today’s fiscal and market realities • They penalize families who can’t afford to or choose not to buy a home.
• They favor single family homes over other types. • They offer financial incentives to purchase second homes when many cannot afford a single home. • They fail to support America’s existing neighborhoods.
#RethinkRealEstate
Our Recommendations • Establish pre-tax Mortgage Savings Accounts for first-time home buyers
• Refocus the Federal Housing Administration on its mission • Expand the Low-Income Housing Tax Credit • Expand the Rehabilitation Tax Credit to include buildings 50 years old • Create an innovative infrastructure financing option for redevelopment #RethinkRealEstate
How do we pay for it? • Refocus federal programs such as the mortgage interest deduction & capital gains tax exemption on helping more people reach the middle class and become homeowners • Reduce federal subsidies for flood insurance, so that insurance rates better reflect the true risk of flooding and support is targeted to those most in need.
#RethinkRealEstate
Better development strategies can make entire regions economically stronger and more competitive. It’s time federal programs reflected that.
For more information on these reports visit: www.SmartGrowthAmerica.org
#RethinkRealEstate
Frequency of Use, by Transportation Mode Percentage
Go somewhere by car, truck, or motorcycle Walk several blocks or more to a destination Take public transit Ride a bicycle
Nearly every day
At least once a week
77
14
22 6 2
22 5 12
Frequency of Mode Use, by Size of Community Percentage using each mode nearly every day or at least once a week Take Drive transit Walk Bike Rural 96 2 31 19 Small town 90 8 42 12 Suburbs 96 8 37 15 Medium-sized city 94 14 49 12 Big city 79 34 59 15
Frequency of Mode Use, by Size of Community Percentage using each mode nearly every day or at least once a week Take Drive transit Walk Bike Rural 96 2 31 19 Small town 90 8 42 12 Suburbs 96 8 37 15 Medium-sized city 94 14 49 12 Big city 79 34 59 15
Frequency of Mode Use, by Size of Community Percentage using each mode nearly every day or at least once a week Take Drive transit Walk Bike Rural 96 2 31 19 Small town 90 8 42 12 Suburbs 96 8 37 15 Medium-sized city 94 14 49 12 Big city 79 34 59 15
Importance Rankings for Walkability, by Generation Percentage ranking each characteristic 6 or higher in importance on a scale of 1 to 10 Walkability All adults 70 Gen Y 76 Gen X 67 Baby boomers 67 War babies/silent generation 69
Importance Rankings for Public Transportation, by Generation Percentage ranking each characteristic 6 or higher in importance on a scale of 1 to 10 Convenient public transportation All adults 52 Gen Y 57 Gen X 45 Baby boomers 50 War babies/silent generation 56
• • •
Renter Demographics
Preference for Compact Development, by Generation Percentage preferring to live in a community with compact development attributes Three or More Compact Development Attributes All adults 54 Gen Y 59 Gen X 49 Baby boomers 57 War babies/silent generation 51
Prospectively
Currently 7%
17%
5% 49%
19%
63%
38%
Very satisfied Somewhat satisifed Somewhat dissatisfied
Staying about the same Getting better Getting worse
Satisfaction with aspects of community Percentage
Jobs Sidewalks Range of Transportation Options Current Home Local Housing Options
Satisfied 49% 71% 72% 89% 83%
Community Size: Current and Desired
Introduction to EYA
Introduction to EYA
Founded in 1992
Infill Expertise:
High-quality, urban infill residential, mixed-use and mixedincome development
Proven Track Record:
$100M/year, ~150-250 homes/year, over 4,000 units, $1.5 billion in sales
Dedicated Team:
Fully-integrated, 80 employees - acquisition, land development, construction, and sales
“Life within Walking Distance®”
Over 230 National and Regional Industry Awards
ULI Award of Excellence (Winner 1998 / Finalist ‘97, ‘99, ‘02, ’06)
ULI Terwilliger Center for Workforce Housing, Jack Kemp Workforce Housing Models of Excellence Awards 2010
America’s Best Builder (2000, 2009)
Project of the Year Grand Award (NAHB)
50th Golden Nuggett 2013 Awards, Grand Award Honors for Builder/Developer
Introduction to EYA
52
The Neighborhoods of EYA Maryland 1. Arts District Hyattsville 2. The Brownstones at Park Potomac 3. The Brownstones at Wheaton Metro 4. Cameron Hill at Silver Spring Metro 5. Fallsgrove 6. Little Falls Place 7. National Park Seminary 8. Strathmore Park at Grosvenor Metro Virginia 9. Alexandria Crossing 10. Carlyle City Residences 11. Centerpointe 12. Chatham Square 13. Clarendon Park 14. Courthouse Hill 15. Ford's Landing 16. The Lofts at Braddock Metro 17. Monument Place 18. Mosaic District 19. Old Town Commons 20. Old Town Village 21. The Oronoco 22. Palisades Park 23. Potomac Greens 24. Rivergate 25. The Villages of Stonegate 26. Westwood Village Washington, D.C. 27. Bryan Square 28. Capitol Quarter 29. Capitol Square 30. Chancellor's Row 31. Courts of Chevy Chase 32. Harrison Square 33. Hillandale
Introduction to EYA
53
EYA Project Examples
Arts District Hyattsville Product Type:
Hyattsville, MD
Rowhomes, Live/Work, Condominiums & Retail
Home Size:
800-2,700 SF
Home Prices:
$200,000’s to $700,000’s
Unit Count:
300 Rowhomes 250 Multi-Family
Retail:
40,000 SF
Site Size:
25 acres
Introduction to EYA
55
Arts District Hyattsville
Hyattsville, MD
Introduction to EYA
56
Potomac Greens Product Type:
Alexandria, VA
Townhomes Retail Plaza
Home Size:
1,714 to 3,450 SqFt
Home Prices:
$646,900 to $949,900
Unit Count:
120 Units
Introduction to EYA
57
Potomac Greens
Alexandria, VA
Introduction to EYA
58
Park Potomac
Potomac, MD
Product Type:
Townhomes
Home Size:
2,274 SqFt to 4,230 SqFt
Home Prices:
$750,000 to $1,100,000
Unit Count:
150 Units
Site Size:
19.69 acres
Introduction to EYA
59
Park Potomac
Potomac, MD
Introduction to EYA
60
Little Falls Place Product Type:
Bethesda, MD
Townhomes
Home Size: Market Rate
2,400 - 2,600 SqFt
Unit Count:
25 Market Rate
Site Size:
1.8 acres
Introduction to EYA
61
Little Falls Place
Bethesda, MD
Introduction to EYA
62
Old Town Commons Product Type:
Alexandria, VA
Townhomes & Multi-Family
Home Prices:
$300,000 to $800,000
Unit Count:
159 Townhome 86 Multi-Family 134 Affordable Rentals
Site Size:
8.49 Acres
M
Introduction to EYA
63
Old Town Commons
Alexandria, VA
Introduction to EYA
64
life within walking distance®
Federal Investment in Real Estate A Call for Action Ilana Preuss Vice President & Chief of Staff
#RethinkRealEstate
Federal Real Estate Policy Today
Over 50 different federal programs influence real estate in the United States • Loan Guarantees • Individual Tax Deductions • Commercial tax credits
#RethinkRealEstate
Changing real estate programs would benefit families and communities.
#RethinkRealEstate
From Examination to Action Federal Involvement in Real Estate: A Call for Examinaton (January 2013) • No overarching principles guide these programs • That’s hurting America’s families, restricting economic development in communities, failing taxpayers Programs should:
• Support balanced housing choices • Reinvest in existing neighborhoods • Provide a safety net for American families. • Help more Americans reach the middle class #RethinkRealEstate
We have a fiscal responsibility to act.
#RethinkRealEstate
Why do these programs matter to developers? Demand for real estate is changing: • Walkable neighborhoods • Rental housing, infill development, historic rehabilitation
#RethinkRealEstate
Benefits of Investing in Existing Communities
#RethinkRealEstate
Federal real estate programs are not designed for today’s fiscal and market realities • They penalize families who can’t afford to or choose not to buy a home.
• They favor single family homes over other types. • They offer financial incentives to purchase second homes when many cannot afford a single home. • They fail to support America’s existing neighborhoods.
#RethinkRealEstate
Our Recommendations • Establish pre-tax Mortgage Savings Accounts for first-time home buyers
• Refocus the Federal Housing Administration on its mission • Expand the Low-Income Housing Tax Credit • Expand the Rehabilitation Tax Credit to include buildings 50 years old • Create an innovative infrastructure financing option for redevelopment #RethinkRealEstate
How do we pay for it? • Refocus federal programs such as the mortgage interest deduction & capital gains tax exemption on helping more people reach the middle class and become homeowners • Reduce federal subsidies for flood insurance, so that insurance rates better reflect the true risk of flooding and support is targeted to those most in need.
#RethinkRealEstate
Better development strategies can make entire regions economically stronger and more competitive. It’s time federal programs reflected that.
For more information on these reports visit: www.SmartGrowthAmerica.org
#RethinkRealEstate
