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Rice Street Crossings Update <br />Initial Findings <br />♦ Market analysis support redevelopment <br />■ Strategically situated development parcels <br />■ Positive demographic trends <br />■ Potential for range of office options <br />■ Niche retail between regional malls <br />Underserved lodging market <br />Preferred Concept <br />O Grew out of planning <br />process <br />O Dense "urban village" <br />with places to live, <br />work and shop <br />O Office 205,500 sf <br />O Retail 39,500 sf <br />O Residential 317 units <br />April 24, 2002 <br />(c) Hoisington Hoegler Group Inc. 7 <br />