800 NJ Financing

FOR IMMEDIATE RELEASE
Media contacts:
Anne-Marie Bairstow, abairstow@wcsmith.com, 202-465-7047


WC Smith and SunTrust Announce Financing Arrangement for 800 New Jersey Avenue SE
Deal marks milestone for luxury residential building with Whole Foods Market in the Capitol Riverfront


Washington, DC (December 13, 1013)
– WC Smith is pleased to announce that financing for 800 New Jersey Avenue SE has been finalized. SunTrust Bank is leading the construction financing worth approximately $87 million and syndicating portions of the loan to WC Smith relationship banks. The transaction will allow the next phase of the three-building development in the Capitol Riverfront neighborhood to move forward.

The building will contain 336 luxury residential units with 10 foot ceilings and a commanding view of the Capitol and the Washington skyline, as well as a 35,000 square foot Whole Foods Market. It is the second phase of the development on a three and a half acre site at New Jersey Ave, H Street and Second Street SE. The first phase is Park Chelsea, a 432-unit building currently under construction with a projected fall 2014 delivery date. The final phase will be a Class A residential building that will bring the unit total to over 1,100 for the development. All of the buildings will provide on-site parking and will be highly amenitized with club rooms, rooftop pools, and exercise facilities.

Additionally, each site will offer a unique amenity space for use by residents of all three buildings. Those amenities include an indoor lap pool, an all-purpose gymnasium, a demonstration kitchen, and a 15,000 square foot courtyard. The development is within walking distance of both the Navy Yard and Capitol South Metro stations and adjacent to newly created Canal Park with water features, ice skating rink, public art, programmed activities, and Park Tavern restaurant.
“800 New Jersey Avenue has all the elements of a successful development that will be an asset to the surrounding community and a great place to live and shop,” said Paul Woodworth, president of SunTrust Community Capital. “Through our experience working with WC Smith, SunTrust has seen first-hand how developments like this can invigorate a neighborhood, providing needed housing and retail options for the community. We’re proud to have a part in making WC Smith’s latest venture a reality.”

“We are pleased to move forward with SunTrust as our partner,” said Chris Smith, CEO of WC Smith. “The distinctive amenities at 800 New Jersey Avenue will set a new standard for residential development, and the Whole Food Market will be a terrific asset for the growing Capitol Riverfront neighborhood.”

About SunTrust Banks, Inc.

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of September 30, 2013, SunTrust had total assets of $171.8 billion and total deposits of $128.9 billion. Through its flagship subsidiary, SunTrust Bank, the company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic States and a full array of technology-based, 24-hour delivery channels. The company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through its various subsidiaries, the company provides mortgage banking, asset management, securities brokerage, and capital market services. SunTrust’s Internet address is suntrust.com.

About WC Smith

WC Smith was one of the first investors in the re-emergence of the Capitol Riverfront neighborhood. In 2003, the company completed development of a 300,000 square foot Class A office building at M and New Jersey Streets SE, and relocated the firm’s corporate headquarters to the site. The company currently has over 1,500 units of multifamily housing in construction and an additional 1,000 units in predevelopment for a 2014 launch.

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Ribbon Cutting of Fairway Park Apartments

FOR IMMEDIATE RELEASE: November 12, 2013
Contact: Anne-Marie Bairstow, WC Smith 202.465.7047

MEDIA ADVISORY
Ribbon Cutting of Fairway Park Apartments
Northeast Washington

WHEN:

Thursday, November 14, 2013
10:00 a.m. Ribbon cutting ceremony with remarks by Mayor Vincent Gray, officials from the District of Columbia Housing Finance Agency and the District Sustainable Energy Utility, and project lenders.

WHO:

Mayor Vincent Gray (confirmed)
Commissioner Bernice Blacknell, Advisory Neighborhood Commission 5D and Fairway Park resident (confirmed)
Pam Askew, WC Smith (confirmed)
Harry D. Sewell, DC Housing Finance Agency (confirmed)
Jodchum Poodt, DC Sustainable Energy Utility (confirmed)
Bryan Dickson, Citi Community Capital (confirmed)
David Bowers, Enterprise Community Investment, Inc.(confirmed)
Ed Delaney, Capital One (confirmed)

WHAT:

Fairway Park is the redevelopment of garden apartments in Washington’s Ward 5, significant for the preservation of affordable housing. The project will provide 408 units of housing affordable for residents with incomes below 60% AMI. Fairway Park offers community space, energy efficient appliances, and a new washer and dryer in every home. Financing for the development comes from Citi Community Capital, Enterprise Community Investment, Inc., Capital One, the DC Housing Finance Agency and the DC Sustainable Energy Utility.

WHERE:

2100 Maryland Ave NE, Washington, DC

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Whole Foods Market Coming to Southeast Washington, D.C.

Media Contacts:
Katie Malloy, katie.malloy@wholefoods.com, 301.998.6872
Carol Chatham, cchatham@wcsmith.com, 202.465.7086

Whole Foods Market® Coming to Southeast Washington, D.C.
Located at 800 New Jersey Ave. SE with target date 2017


Washington, DC (October 23, 2013) – Whole Foods Market, in partnership with the WC Smith real estate firm, has signed a lease for a new store location in Southeast Washington, D.C. The 36,000 square foot store will be located near Navy Yard and Nationals Park at 800 New Jersey Avenue SE. Whole Foods Market will anchor the retail portion of its $443 million development in the District’s Capitol Riverfront neighborhood.

The target opening date is early 2017. There are currently four Whole Foods Markets in Washington D.C.

“Washingtonians asked and we listened,” said Scott Allshouse, Whole Foods Market Mid-Atlantic regional president. “People who live and work in Southeast have been requesting a Whole Foods Market for some time. We are thrilled about finding the right fit given the combination of factors that go into deciding on a new location.”

“We are delighted to welcome Whole Foods Market to the Capitol Riverfront neighborhood,” said Chris Smith, chairman and CEO of WC Smith. “Their dedication to healthy living and commitment to community dovetails with our mission of creating green, sustainable communities for residents of the District of Columbia.”

Whole Foods Market has been a part of the District for nearly two decades. The new store has potential of providing work to hundreds of local job-seekers. In addition, D.C. stores devote time and resources to a variety of local organizations, such as area schools, nonprofits and community groups. The company looks forward to further deepening its community connection in the District with this latest addition.

“First and foremost, this is about being able to provide fresh, wholesome food to as many people as possible,” Allshouse said. “But we aim to be more than a grocery – our stores have a strong connection with the community and neighbors around them. Whether through volunteer hours or fundraising efforts, we look forward to continuing those partnerships with our newest store in the District.”

The first component of the new development, a 432-unit luxury apartment building known as Park Chelsea, is currently under construction with a projected fall 2014 delivery date. Construction on the second building is scheduled to begin early in 2014, with a 2017 opening of the Whole Foods Market and delivery of 336 residential units. The residential units will offer 10 foot ceilings and a commanding view of the Capitol and the monumental skyline. Completion of the third Class A residential building will bring the unit total to over 1,100 for the development. All of the buildings will provide on-site parking and will be highly amenitized with club rooms, rooftop pools, and exercise facilities.

Additionally, each site will offer a unique amenity space for use by residents of all three buildings. Those amenities include an indoor lap pool, an all-purpose gymnasium, a demonstration kitchen, and a 15,000 square foot courtyard. The development is within walking distance of both the Navy Yard and Capitol South Metro stations and adjacent to newly created Canal Park with water features, ice skating rink, public art, programmed activities, and Park Tavern restaurant.

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About Whole Foods Market®

Founded in 1980 in Austin, Texas, Whole Foods Market (wholefoodsmarket.com, NASDAQ: WFM), is the leading natural and organic food retailer. As America’s first national certified organic grocer, Whole Foods Market was named “America’s Healthiest Grocery Store” by Health magazine. The company’s motto, “Whole Foods, Whole People, Whole Planet”™ captures its mission to ensure customer satisfaction and health, Team Member excellence and happiness, enhanced shareholder value, community support and environmental improvement. Thanks to the company’s more than 80,000 Team Members, Whole Foods Market has been ranked as one of the “100 Best Companies to Work For” in America by FORTUNE magazine for 15 consecutive years. In fiscal year 2011, the company had sales of more than $10 billion and currently has more than 360 stores in the United States, Canada and the United Kingdom.

About WC Smith
WC Smith was one of the first investors in the re-emergence of the Capitol Riverfront neighborhood. In 2004, the company completed development of a 300,000 square foot Class A office building at M and New Jersey Streets SE, and relocated the firm’s corporate headquarters to the site. The company currently has over 1,500 units of multifamily housing in construction and an additional 1,000 units in predevelopment for a 2014 launch.

Sheridan Station

FOR IMMEDIATE RELEASE: September 26, 2013
Contact: Carol Chatham, WC Smith 202.465.7047

MEDIA ADVISORY
Ground Breaking of Sheridan Station Phase III
$94 million HOPE VI Project in Southeast Washington

WHEN:

Friday, September 27, 2013 10:30 a.m.
Ground breaking ceremony with remarks by Mayor Vincent Gray and officials from the District of Columbia Housing Authority, the District of Columbia Housing Finance Agency, and project lenders


WHO:

Mayor Vincent Gray (confirmed)
Victor Hoskins, Deputy Mayor for Planning + Economic Development (confirmed)
Adrianne Todman, DC Housing Authority (confirmed)
Harry Sewell, DC Housing Finance Agency (confirmed)
Mike Forry, SunTrust Bank (confirmed)
Dan Metz, Wells Fargo Bank (confirmed)
Pam Askew, WC Smith – developer (confirmed)


WHAT:

Sheridan Station is the redevelopment of a vacant public housing site in Washington’s Ward 8, significant for the preservation of affordable housing. The project will provide 327 units of mixed income, transit oriented rental and for-sale housing built to green building standards. Financing for the development comes from the U.S. Department of Housing and Urban Development, the government of the District of Columbia, and private lenders.



Phase I of Sheridan Station is the first multifamily development in the District of Columbia to achieve LEED platinum status. In 2013 the project was named Multifamily Development of the Year by the Washington Business Journal and received the U.S. Green Building Council’s Project of the Year – Homes Award of Excellence.


WHERE:

2625 Stanton Road SE, Washington, DC


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