advisory board meeting january 5, 2012. council members: do ug cooper – union realty partners...

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ULI Washington Advisory Board Meeting January 5, 2012

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Page 1: Advisory Board Meeting January 5, 2012.  COUNCIL MEMBERS: Do ug Cooper – Union Realty Partners Chair John Coe – CGA Vice Chair Harriet Tregoning – DC

ULI Washington

Advisory Board MeetingJanuary 5, 2012

Page 2: Advisory Board Meeting January 5, 2012.  COUNCIL MEMBERS: Do ug Cooper – Union Realty Partners Chair John Coe – CGA Vice Chair Harriet Tregoning – DC

REGIONALISM COUNCIL

COUNCIL MEMBERS:Do ug Cooper – Union Realty Partners Chair

John Coe – CGAVice Chair

Harriet Tregoning – DC Office Of Planning

Marty Wells – Wells & Assoc

Evan Goldman – Federal Realty Peter Shapiro – Chesapeake Center For Public Leadership

Matt Klein – Akridge Evan Weisman – First Potomac Realty Trust

Dean Bellas – Urban Analytics Brian Cullen – RPL Land Mgmt

Jay Fisette – Arlington County Supervisor

Calvin Gladney – Mosaic

Robert Harris – Lerch Early Brewer John McLain – GMU Center for Regional Analysis

Pam Tyrell – Kettler David Winstead – Ballard Spahr

Bob Youngentob – EYA Mark Jinks – City of Alexandria

Ed Gosselin – Intrepid Real Estate

Page 3: Advisory Board Meeting January 5, 2012.  COUNCIL MEMBERS: Do ug Cooper – Union Realty Partners Chair John Coe – CGA Vice Chair Harriet Tregoning – DC

REGIONALISM COUNCIL

VISION:

ULI Washington will serve, inform, advise and partner with public, civic, real estate, academic and business leaders to advance regional solutions in the sensible use of land, investment in infrastructure and community design and development.

Page 4: Advisory Board Meeting January 5, 2012.  COUNCIL MEMBERS: Do ug Cooper – Union Realty Partners Chair John Coe – CGA Vice Chair Harriet Tregoning – DC

REGIONALISM COUNCIL

REGIONAL CHALLENGES: Congested

Expensive

Inequalities

Unbalanced

Fragmented

Page 5: Advisory Board Meeting January 5, 2012.  COUNCIL MEMBERS: Do ug Cooper – Union Realty Partners Chair John Coe – CGA Vice Chair Harriet Tregoning – DC

REGIONALISM COUNCIL

COUNCIL STRUCTURE

Research And Policy – Evan GoldmanPeter Shapiro

Programs – John Coe

Public Outreach – Bob Harris

Page 6: Advisory Board Meeting January 5, 2012.  COUNCIL MEMBERS: Do ug Cooper – Union Realty Partners Chair John Coe – CGA Vice Chair Harriet Tregoning – DC

REGIONALISM COUNCIL

POLICY IDEAS (A WORK IN PROGRESS)

500 Miles of Light Rail/BRT by 20xx

Future Federal Office Demand and the Impact on Housing/Jobs/Local Economy

Identify New Revenue Sources for Regional Infrastructure

Page 7: Advisory Board Meeting January 5, 2012.  COUNCIL MEMBERS: Do ug Cooper – Union Realty Partners Chair John Coe – CGA Vice Chair Harriet Tregoning – DC

Future Federal Office Demand

12+ “Mobility” Labs with federal agencies (e.g., GSA,USAID)

New “normal” = 90 -100 sf/employee

GSA's budget reductions + changing workplace norms impact: demand for future commercial office

space in DC and the Region;

Page 8: Advisory Board Meeting January 5, 2012.  COUNCIL MEMBERS: Do ug Cooper – Union Realty Partners Chair John Coe – CGA Vice Chair Harriet Tregoning – DC

Future Federal Office Demand

GSA office occupancy;▪ preferences for owned rather

than leased space; ▪ proximity to Metro;

density of federal employment in DC;

Is Class B or C the new Class A?

overall commercial and residential real estate market.

But GSA's budget reductions + changing workplace norms also have a cascade effect: