A Development by the Forest City New East Baltimore Partnership

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The New East Baltimore Community Where Science
Meets Life in the City
A Development by the Forest City - New East
Baltimore Partnership May 26, 2005
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The Forest City - New East Baltimore Partnership

• A joint venture between Forest City
  Enterprises and Baltimore Biotech Ventures
  (BBV)
• Forest City BBV selected by East Baltimore
  Development, Inc. non-profit leading the
  redevelopment of East Baltimore

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Baltimore Biotech Ventures

• Baltimore Biotech Ventures A partnership made
  up of prominent, minority owned firms that have
  joined together for the purpose of
  contributing to the redevelopment of East
  Baltimore. These firms have been involved
  in significant real estate development
  projects in Baltimore for decades
• Doracon/Lambda Development, LLC
• Legacy Harrison Enterprises, LLC
• Banks Contracting Co., Inc.
• The Wilkinson Group, LLC

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Forest City Enterprises

• 7.2 billion, NYSE traded, 80-year old
  National Development Company
• Improving life in Americas cities by
  creating space in which to live, work and
  to nurture the best of urban culture
• Multi-product expertise
• Office, research development, residential,
  retail hotel
• Specialist in mixed-use developments at
  complex urban sites

FCEs Cleveland headquarters
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University Park at MIT Cambridge, MA

• 2.3 million sf, 560 million investment
• 1.5 million sf of lab/office space
• 674 residences
• 210-room hotel conference center
• 75,000 sf restaurants, retail childcare
• 2,600 parking spaces
• Three acre urban park system

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University Park at MIT Pre-existing Conditions
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University Park Life Science Facilities
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University Park Residential674 units, 22
affordable

• 91 Sidney, 135 units
• 100 Landsdowne, 203 units
• The Lofts at 23 Sidney, 51 units
• Kennedy Biscuit Lofts, 142 units
• Auburn Court, 143 units

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National Adaptive Re-Use ExpertiseKennedy
Biscuit Lofts

• Converted former factory into 142 residential
  units child care center
• Successful mixed-income development
• 20 moderate, 25 low- income, 55 market
• Secured National Register of Historic Places
  designation
• Utilized sale of low-income historic tax
  credits to support economic viability
• Financed through MHFA

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Auburn Court

• 143 Units
• 64 Low income
• 22 Moderate income
• 57 Market rate
• Commitment to working with local community
  development corporation Homeowners Rehab
• Focus on townhouse family living

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The Parks _at_University Park

• More than three acres of landscaped parks,
  gardens and walkways
• Knits the campus together with the neighborhood
• Encourages pedestrian activity both day and
  night
• Special events series held throughout warmer
  months
• Massachusetts Horticultural Society Urban
  Landscape Award

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University Park at MIT Winner 2004 ULI Award
for Excellence
Recognizing development projects world wide that
exemplify superior design, relevance to
contemporary issues needs and resourceful use
of land while improving the quality of the built
environment
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Forest City Science Technology Group

• Objective
• To identify cities/sites with key drivers and
  develop technology campuses that enable or
  enhance the clustering of scientific research
  activities
• Strategy
• Collaborative partnerships with academic,
  medical and scientific research institutions
  the communities that support them
• Emphasize quality of life in an urban
  environment as a critical success factor

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Forest City Science Technology Group

• Master planning, permitting and
  public/private expertise with cities and
  community groups
• Design, develop and manage state-of-the-art
  research facilities
• Provide TI funding and a variety of financial
  structures
• Value-added services to University, Corporate
  Institutional users
• Ability to provide discipline/ objectivity to
  lab programming design

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The New East Baltimore Community

• Vision To create a new image and re-establish a
  sense of community through the development of a
  vibrant mixed- use campus adjacent to the
  Hopkins Medical Campus
• Forest City New East Baltimore Partnership
  developing the first 31 acres
• 1.1 million square feet of life sciences/office
  space
• 850 residential units
• 40,000 - 80,000 square feet retail
• 3-acres of parks and open space

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The New East Baltimore Community
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The New East Baltimore Community Residential Mix

• 850 units to be constructed
• 3-4 BR rowhouses, flats mid- to high-rise
  housing types
• Affordable, moderate, market rate for-sale and
  rental options
• Opportunities for families, professionals,
  seniors and graduate students
• Balance the need to be transformative with a
  commitment to opportunities for long-time
  neighborhood stakeholders

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The New East Baltimore Community Phase I
Residential

• 460 units
• 1/3 low income
• 2/3 moderate market rate
• Construction commencing spring 2006
• Full completion late 2007
• Three local developers handling different
  components

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The New East Baltimore Community 855 Wolfe
Street

• First of five life sciences buildings planned
  for Area A
• Construction slated to begin in August 2005 with
  completion in July 2007
• 295,000 square feet
• Eight stories

Looking southeast from the new common
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The New East Baltimore Community 855 Wolfe
Street

• Programmed for biology chemistry labs and
  related support facilities
• Anchored by the Institute of Basic Biomedical
  Sciences of Hopkins School of Medicine
• Connected to other university research
  facilities via skybridge across East Madison
  Street

Looking southwest from Ashland Street
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Looking West from Madison Street
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The New East Baltimore Community 855 Wolfe
Street First Floor Plan
Mechanical/Lab Support
Retail
Retail
Retail
Lobby
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The New East Baltimore Community 855 Wolfe
Street Second Floor Plan
Mechanical/Lab Support
Lab
Retail
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The New East Baltimore Community Open Space
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The New East Baltimore Community Open Space
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Three Acres of Open Space
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The New East Baltimore Community Where Science
Meets Life in the City