Albany Presentations 1 | Page 40

Phase II Marina Buildings: Retail & Financial Center • Phase II of the Marina buildings will begin construction in mid-2014 and will be complete in late-2015 & 2016 • Will include the Albany Financial Center & a luxury retail component surrounding The Plaza (an outdoor lifestyle center at the heart of the Albany community overlooking the Marina) • Architects for Phase II buildings are Morris Adjmi & Bjarke Ingels Group (BIG) – – • Morris achieved the highest sales price per square foot in Phase I (high was $2,500 per ACSF for Penthouse in The Boat building) BIG are the hottest architects in the World at present Success of Phase I buildings has forced acceleration of the design of these buildings – Phase I is effectively sold out with 37 of 39 units sold as Albany enters its Winter season (historically its strongest selling season) 40