SEPTEMBER Anderson Building. Red Bank, NJ

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1 SEPTEMBER 2016 Anderson Building Red Bank, NJ

2 Contents 3 Overview Project Details Anderson Building Redevelopment Summary 4 Neighborhood Red Bank, NJ Overview Immediate Trade Area 6 Project Concept Renderings Elevations Site Plan First Floor Plan Our Vision Board 11 Metrovation Who We Are 12 Core Investments Downtown Red Bank, NJ West Side Arts District Properties East Properties West 2

3 OVERVIEW Project Details The Anderson Building is an existing 27,000sf warehouse that Metrovation is converting into an eclectic 45,000sf, mixed-use building. Building Size Retail 45,200sf 9,800sf Parking 156 on-site parking stalls Amenities Roll-up garage doors and 15 ceilings in retail Roof deck for employees and tenant entertaining Exposed wood beams and concrete floors Abundant natural light Direct access to private balcony New Jersey Transit station immediately adjacent to site Delivery Date SEPTEMBER,

4 SHREWSBURY AVE BRIDGE AVE BROAD ST RT 35 Metrovation NEIGHBORHOOD Red Bank, NJ Overview RT 35 W. FRONT ST THE GALLERIA ANDERSON BUILDING WEST SIDE LOFTS TWO RIVER THEATER CO. RED BANK TRAIN STATION MONMOUTH ST RT 35 BROAD ST Downtown Red Bank RT 35 4

5 W FRONT ST Metrovation NEIGHBORHOOD Immediate Trade Area RIDGE RD RUMSON RD RIVER RD 35 The Galleria DOWNTOWN RED BANK BRANCH AVE Garden State Parkway LINCROFT MIDDLETOWN TINTON FALLS SHREWSBURY NAVESINK FAIR HAVEN LITTLE SILVER EATONTOWN OCEANPORT LONG BRANCH NJ TRANSIT RAIL SITE RUMSON NJ TRANSIT RAIL 5

6 PROJECT Concept Renderings SOUTH ELEVATION FACING EAST (MONMOUTH ST) SOUTH ELEVATION FACING WEST (CORNER OF MONMOUTH ST & BRIDGE AVE) NORTH ELEVATION (BRIDGE AVE) 6

7 PROJECT Elevations WEST ELEVATION OFFICE RETAIL SOUTH ELEVATION (MONMOUTH STREET) EAST ELEVATION NORTH ELEVATION 7

8 PROJECT Site Plan ADAPTIVE REUSE SHIPPING CONTAINERS 8

9 Metrovation PROJECT First Level Plan We are looking for the best local tenants to purvey their goods in a Chelsea Market type setting A3.0 18'-0" 18'-0" 18'-0" 18'-0" A A A A 20'-0" 20'-0" 20'-0" MECH ROOM TOILET RM #2 TOILET RM #1 COVERED PARKING COVERED PARKING COVERED WALKWAY 1 A3.1 2,200 SF DEMISABLE SIDEWALK UP BUILDING LOBBY SIDEWALK 17'-0" 20'-0" 8'-0" A A A 1 A3.0 7,840 SF DEMISABLE EXIT & BUILDING SERVICES COMMON HALLWAY Floor to Ceiling Height: NEW WALLS EXISTING WALLS TO REMAIN PLAN KEY ANDERSON BUILDING RENOVATION 2 A3.1 9

10 PROJECT Our Vision Board project issue date Anderson Food Concept Concepts phase surround architecture, inc. - portland, or (C) 2013 Surround Architecture, inc 10

11 METROVATION Who We Are Metrovation is a privately owned specialty real estate development company. We conceptualize, create, market and manage unique properties that bring new life and new possibilities to places. Our company, founded over 25 years ago, is the successor to Terranomics Development, upon whose 30 years of success we build. We take a fresh approach to every project to complement and add value to the specific environment. The company and its principals have developed or redeveloped over 3,500,000 square feet of buildings and currently hold approximately 2,250,000 square feet of retail, office, hotel and residential properties. Metrovation has transformed previously underutilized areas into thriving communities infused with economic vitality. From Downtown Red Bank and The Grove at Shrewsbury in Central New Jersey, to the Ironworks District in Oakland, California and Crossroads in Bellevue, Washington, our properties have revitalized their neighborhoods, communities and regions. Metrovation combines a market-driven approach with intense hands-on management and leasing. We build success by developing the right mix of tenants to achieve long-term stability, value and adaptability to market conditions. We do this in every project we undertake, whether it s a retail, office or mixed-use development. Our driving force is to make places vital. Slightly unorthodox, always original, Metrovation has created compelling, energetic properties that stimulate growth while remaining true to the character of the communities in which they are located. 11

12 CORE INVESTMENTS Downtown Red Bank Red Bank is a prime example of Metrovation s commitment to enhancing downtown environments. During the development of The Grove at Shrewsbury, we got to know Red Bank just one mile away. At that time, Red Bank was struggling with many vacancies, but we saw great potential for transformation. We began acquiring properties on Red Bank s main thoroughfare, Broad Street. Since our first acquisition, we have purchased and renovated four cornerstone properties. Three Metrovation properties have won Downtown New Jersey Excellence Awards. Metrovation continues to be a prime factor in the transformation. Our East Coast partner and company President, Chris Cole, has served as president of RiverCenter, the business improvement district formed by Red Bank merchants. Red Bank and Metrovation s lifestyle center, the Grove at Shrewsbury, have developed a close relationship which includes cross marketing. 35 Navesink River WEST SIDE LOFTS 20 BROAD ST FRONT ST RIVER RD 21 EAST FRONT 7 BROAD ST BROAD ST ANDERSON BLDG BRIDGE AVE 25 BRIDGE AVE Red Bank MAPLE ST BROAD ST 55 BROAD ST BRANCH AVE 13 Current Projects Past Projects Red Bank is riding the crest of a stunning rebirth, drawing attention from national publications for its friendly, fun and eclectic community. Smithsonian magazine describes Red Bank as a New Jersey river town that has transformed itself into one of the hippest enclaves on the East Coast. Metrovation s current Red Bank projects include 21 East Front Street, a seven-story office building built in the early 1960s. While completely renovating this office tower, we restored the 1893 building located on the street in front and incorporated it into the project, along with a new threestory building which complements the scale of downtown Red Bank s streetscape. 12

13 CORE INVESTMENTS West Side Arts District Red Bank s Arts & Antique District is rich in culture and history. It includes the historic Count Basie Theater, the Molly Pitcher Inn, and the Galleria a collection of antique stores, upscale shops, restaurants and offices in a turnof-the-century brick factory building. Other Metrovation projects in the neighborhood include 25 Bridge Avenue and West Side Lofts, a state-of-the-art mixed-use development slated for completion in The West Side Lofts project will include 92 residential units and over 40,000 square feet of shops designed specifically as a cluster of specialty retail and restaurants to complement the character of the Arts & Antiques District of Red Bank The most recent addition to the District is the Two River Theater s spectacular new home and performance space. The Red Bank Train Station is at the center of the District. It is a landmark building, now thoroughly modernized, which is one of the busiest commuter stations between New Jersey and New York City. Close by, the New Jersey Transit Bus Depot and the Yellow Car Taxi Company make this District a transportation hub. These projects represent the ideals of smart-growth by fostering an existing neighborhood arts district and supporting the revitalization of mass transportation, centered on Red Banks s train station. WEST SIDE LOFTS 25 BRIDGE AVE FRONT ST RIVER Red Bank The Anderson Building is an 1920 s warehouse building that will be transformed into a 40,000sf office and retail building. Located directly across the street from the Red Bank train station, this project will exemplify Metrovation s commitment to redeveloping mixed-use properties in urban settings. ANDERSON BLDG 13 BRIDGE AVE RED BANK TRAIN STN MAPLE ST BROAD ST 11 BRANCH AVE Commercial & Office Adaptive Re-Use 13

14 CORE INVESTMENTS Properties East The Grove at Shrewsbury is the nation s first center called a lifestyle center. The mix of the best local specialty retailers and outstanding regional and national stores draws affluent shoppers from Monmouth County and beyond. From the first year of operation, the average sales for fashion retailers have increased each year. The Grove at Shrewsbury is Metrovation s premier property in Central New Jersey. It is the dominant center in the region, serving the high income households in the Monmouth County region and beyond. The 150,000 square foot lifestyle center is a magnet for upscale shoppers who enjoy its gardenfilled streetscape environment. The Grove s development and success led to Metrovation s involvement in nearby Red Bank. Here we have been a major factor in revitalization of the downtown with the development of several key properties on Broad Street and beyond. Metrovation developed another successful lifestyle center south of Red Bank in Sea Girt, New Jersey on Highway 35. Brook 35 Plaza has helped define a newly emerging region. 14

15 CORE INVESTMENTS Properties West The variety of Metrovation s West Coast properties illustrates the breadth of our development expertise. Unique and successful Metrovation retail developments include: Crossroads in Bellevue, Washington; Santa Rosa Southside in Northern California; and Five Points Plaza in Huntington Beach, California. Hotel Healdsburg is the highly acclaimed jewel of Healdsburg, California that epitomizes the inviting sophistication of the North Sonoma Wine Country and is a key component of the downtown. Metrovation s 230 California Street is an historic building located at the foot of California Street in San Francisco s most prestigious business district. We are completing redevelopment, which includes an exciting new restaurant, sidewalk and lobby renovation, and redesigned offices. We are continually improving our properties in keeping with our belief that a property is never finished but always in the process of becoming. Metrovation s properties make up most of the Oakland Ironworks District in Oakland, California. Located near Jack London Square, The Ironworks District is a collection of repurposed industrial buildings set in a vibrant environment and filled with interesting tenants. The award-winning 200 Second Street, in the nearby Jack London District, was also developed by Metrovation. Two of our San Francisco office buildings are within the South of Market (SoMa) area in superior locations which offer multiple opportunities. At 650 Fifth Street in San Francisco, the area is building all around us. Our property is across from the Caltrain station which connects the City to Silicon Valley. It is a few blocks walk from the San Francisco Giants ballpark and the surrounding loft and retail district. Our current plans for this property include Hotel SoMa, now in the planning stage. 15

16 SAN FRANCISCO, CA RED BANK, NJ METROVATION.COM