Cutting-edge company plans to build Micro-factory and Experiential Retail space as development hub for innovation vehicles

National Harbor, January 12, 2015Peterson Companies announced today that Local Motors, a technology company that designs, builds and sells vehicles, will open a new location at National Harbor in late 2015.  Local Motors is known for revolutionizing the industry by combining co-creation, technology and micro-manufacturing to locally build innovative vehicles at unprecedented speeds.

The 45,000 sf Local Motors facility at National Harbor will comprise a 20,000 sf Lab that will be used for co-creation, research, technology, education and free community events, a 15,000 sf Showroom and Retail Store, and a 10,000 sf Build Floor for light assembly of products and vehicles.  This will be the first location for Local Motors in the East Coast and the first location in the world to debut the first fleet of 3-D printed cars using the company’s proprietary three-phased manufacturing process.

“Local Motors is changing the way you experience motor vehicles,” said Jay Rogers, Local Motors CEO and co-founder. “From design to build to purchase to service, our micro-factories are a central hub for engaging both online and physical communities, advancing technology, and creating a first-of-its-kind experiential retail concept.”

“From the moment we toured the Local Motors facility and met Jay Rogers and his team, we knew that this was exactly the type of visionary, cutting edge, state-of-the-art company that would be a perfect fit for National Harbor,” stated Milt Peterson, Principal and Chairman, Peterson Companies.  “We are proud to bring this revolutionary concept to the Washington, DC region and look forward to seeing the first 3-D printed cars, trikes and even skateboards cruising the streets of National Harbor.”

The concept of co-creation is an essential element of Local Motors – bringing together its internal teams, the virtual community and the physical community to submit and vote on designs, ideas and prototype solutions.  The company then works with a community of partners, suppliers, investors, fabricators, engineers and designers to manufacture and sell these products.  The result of this co-creation is a Local Motors portfolio of vehicles that includes: The Rally Fighter (a luxury race car), The Racer (a high-tech motorcycle), The Cruise (a motorized bicycle), The Verrado (an electronic drift trike), and the world’s first fleet of 3D-printed car.

Local Motors debuted the first 3D-printed car at the 2015 North American International Auto Show (NAIAS).   Called the Strati, the vehicle is the first in a line of 3D-printed cars.  Local Motors at National Harbor will be the first location in the world to print, refine and assemble a fleet of 3D-printed road ready cars with availability as early as late 2015.  This puts Prince George’s County and the State of Maryland at the leading edge of an industry that is anticipated to explode in the coming years.

Local Motors at National Harbor is expected to create more than 100+ jobs and combine retail, education, technology and entertainment in a single location where the community can see and participate in social production through idea sharing, events, exhibitions and tours.

About Local Motors:

Local Motors is a technology company that designs, builds, and sells vehicles. From bytes-to-bits, the Local Motors platform combines global co-creation with local micro-manufacturing to bring hardware innovations, like the world’s first 3D-printed car, to market at unprecedented speed. Discover more at localmotors.com

About National Harbor:

National Harbor is an iconic, all-American must-see waterfront destination for shopping, dining, events and attractions in our nation’s capital. The 350-acre community includes the Gaylord National Resort and Convention Center, Tanger Outlets, six major hotels, hundreds of residential and office units, tree-lined promenades with 40+ diverse shops and 30+ restaurants, and a marina. It is also home to The Capital Wheel, a 180-foot observation wheel overlooking the Washington, DC skyline.  Additionally, in 2016 MGM Resorts International will open a $925 million casino complex on 23 acres with an 18-story, 300-suite hotel. For more information visit www.nationalharbor.com.

About Peterson Companies

Peterson Companies is one of the largest privately owned real estate development companies in the

Washington, DC region and offers fully integrated development services for commercial, office, residential and retail real estate. The company is responsible for some of the most prominent and successful mixed-use retail, residential and office developments in Northern Virginia and Maryland including National Harbor, Downtown Silver Spring, Washingtonian Center, Fairfax Corner, Virginia Gateway, Fair Lakes, Burke Centre and Tysons McLean Office Park. Founded by Milt Peterson over 30 years ago, the company has an extensive two million square foot development pipeline throughout the Washington, DC region. For more information about the company, please visit www.petersoncos.com.