Sunday, December 31, 2006
Labels: Alexandria, Alexandria condos, DCRealEstate.com, LEED, new condos
Each of the condos will offer about 1250 square feet of space in what Cromley describes as "true lofts," a departure from much of modern construction despite the prevalence of the term "loft" in marketing. Set in a historic building that was functional until recently as office space and artist studios, the lofts will exhibit "sleeping niches" rather than formal bedrooms, and bamboo cabinets as a sustainable alternative to traditional wood. Prices are expected to range from $500,000 to $700,000 when sales commence this Spring, competing with the Prescott and Monarch, much larger condo projects now underway in the quickly developing neighborhood. Sales and marketing by DCRealestate.com
Thursday, December 28, 2006
Labels: Bonstra Haresign Architects, Bozzuto, Spaulding and Slye Investments, Wheaton
Saturday, December 23, 2006
Friday, December 22, 2006
Thursday, December 21, 2006
At 26 stories, Turnberry Tower will be one of the tallest buildings in the region, competing in height (and sales) with Waterview by JBG, a new condo going up 2 blocks away that has now topped out at 29 stories. Condo sales for Turnberry began in June 2005.
Wednesday, December 20, 2006
This development follows the early November announcement by DC planning officials of their proposal to also clear way for 2 million sf of office space, retail, and high-end apartments on the St. Elizabeths Hospital campus site, which consists of mostly vacant, poorly maintained 19th century terra cotta buildings next to the Congress Heights metro. The District, once the proper zoning has been approved, would like to develop the site in gradual phases, starting in 2008 with the construction of 260,000 sf of office and 150,000 sf of residential in the section closest to the metro station. The rest of the development would take place over the following decade.
Thursday, December 14, 2006
Labels: Four Points LLC, Roadside Development, Shalom Baranes Architects, Shaw
The site is just two blocks from the Broadcast Center One project by Four Points LLC, which is expected to provide 100,000 s.f. of office space and 185 condos above the Shaw Metro Station, with groundbreaking expected this Spring. Shovels are not expected to turn dirt until 2008. The current Giant will likely close at the end of that year; the new Giant, expected to open in 2009, will be larger than the "urban lifestlye" Safeway going up around the corner at 5th & K as part of the City Vista project. Loading docks will be moved underground, solving the problem of rows of space-hogging loading stations that now take up a full block on 9th Street. Most of the project will rise to 90 feet, though some elements may rise to as much as 110 feet under the current plans. Approval by the ANC was not required but indicates community acceptance of the project and much warmer reception by the city in future hearings.
Tuesday, December 12, 2006
Sunday, December 10, 2006
Labels: Centrum Properties, Level 2 Development, SK and I Architects, U Street
Many local developers have faced pressure from investors to move away from condos and toward the more lucrative apartment market, especially where investors require pre-construction sales up to 2 years in advance. Such requirements have been harder to accommodate as fewer buyers are finding it advantageous to sign a contract one to two years before completion, forcing developers to cancel condo projects early in the development projects. Level 2 is partnering with Centrum Properties, a large Chicago-based developer, to help realize the ambitious project, and retains further plans to replace the outdated Nehemiah strip mall across the Street, which it purchased for $13.2m in March of this year and intends to plow under next year in favor of a mixed-use development with condos and retail.
Friday, December 08, 2006
Labels: Barrack's Row, Bonstra Haresign Architects, ICP Partners, new condos
Washington DC real estate development news
Thursday, December 07, 2006
Wednesday, December 06, 2006
Tuesday, December 05, 2006
Labels: Donatelli, Georgia Avenue, Petworth, Trammell Crow Residential
In other metro stop news, on Monday the Fairfax County Board of Supervisors approved Trammel Crow Residential’s plan to build a 720-unit apartment building with retail on a 15-acre lot at the Dunn Loring-Merrifield station. The project calls for three towers, set around a landscaped plaza, to be built on the parking lot, along with a new six-story parking garage with 2,000 spaces and stores underneath. There also will be 1,150 additional underground parking spaces under the apartment towers. Eight percent of the apartments will be set aside as "workforce" housing for county employees and low-income residents. In addition, Trammel Crow has pledged to the county a contribution to help cover the costs that the expected influx of new school-aged children will bring.
Monday, December 04, 2006
Labels: Anacostia, AWC, Poplar Point, Skidmore Owings + Merrill
Thursday, November 30, 2006
Wednesday, November 29, 2006
Tuesday, November 28, 2006
Monday, November 27, 2006
The project follows shortly on the heels of the closing of Canyon Ranch, the massive mixed-use project nearby that targeted seniors but failed to reach critical mass and pulled the plug in August of this year.
Friday, November 24, 2006
Wednesday, November 22, 2006
Tuesday, November 21, 2006
Monday, November 20, 2006
Thursday, November 16, 2006
Labels: Eckington, Fairfield Residential, Metropolitan Branch Trail
Washington D.C. real estate development news
The gears of legislative process grind forward, and fans of soccer and baseball (and development!) should feel some joy. On November 16, the US Senate approved legislation (the House ok’d it earlier this month) that will transfer dozens of Federal land lots located in the District to the DC government, including title to 100-acre Poplar Point (pictured) across the Anacostia, considered to be the site for DC United’s new soccer stadium and additional development, and smaller properties along Potomac Avenue that will make up part of the new Nationals baseball stadium complex. Also included in the transfer are 66 acres around the old DC General Hospital at Massachusetts Avenue and 19th Street SE that are targeted for a new major development featuring housing, retail, and parks. Besides gaining this land for economic development, it will also bring in needed tax revenue, as the Feds didn’t pay property tax on the lots.
Wednesday, November 15, 2006
Tuesday, November 14, 2006
In March of 2006, JBG leased approximately 150,000 s.f. of the building to Jones Day, one of the world’s largest law firms and currently occupies the adjacent building. Clark Construction Group of Bethesda, Maryland, has been selected as the project’s general contractor. Dallas, Texas based HKS is the architect of record.
JBG is very active in the greater DC market with condominiums, apartments and office buildings, nearing completion on its Waterview project in Rosslyn with 160 hotel rooms, 620,000 s.f. of office space and 136 luxury condos, as well as its Marriott Wardman project, and just beginning its project to renovate and convert the 1300-room hotel in Woodley Park into condos and apartments.
Thursday, November 09, 2006
Tuesday, November 07, 2006
Monday, November 06, 2006
Update: On November 7, the DC Council’s Economic Development Committee passed legislation resolving the land swap issue. Under this bill, the NCRC will transfer its waterfront land to the AWC in exchange for the $25 million, the other DC land parcels, and 25 acres of the McMillan site. The full council is not expected to vote on this bill – which may still be altered - until November 14.
Sunday, November 05, 2006
The National Capital Planning Commission gave approval this week to the design concept for Canal Park in Southeast DC, a gritty piece of land near the new ballpark currently used to store school buses. The current plans, paid for with a grant by the National Endowment for the Arts, will encompass three full city blocks between I and M Streets, and between Canal and 2nd Streets. The District government, which currently owns the site, will transfer the land to the Anacostia Waterfront Commission for development and maintenance. The park will be broken up by K and L Streets, but the AWC will take steps to make the park more pedestrian-friendly, including narrowing the streets from 34 feet to 28 feet and adding raised crosswalks. The park will feature an amphitheater on the South side along M Street, a boardwalk along the western edge and large, open green space, but its most prominent attribute will be its water theme, with aquatic gardens fed from storm run-off and water attractions accessible to the public. Design of the park is intended to evoke the canal that used to run across the site, connecting the Anacostia River to the National Mall.
Thursday, November 02, 2006
Wednesday, November 01, 2006
Tuesday, October 31, 2006
Monday, October 30, 2006
Labels: MRP Realty
Friday, October 27, 2006
Thursday, October 26, 2006
Labels: Bozzuto, Donohoe Companies, PN Hoffman, Spaulding and Slye Investments, StonebridgeCarras
Wednesday, October 25, 2006
Alexandria Virginia new condo sales news
Tuesday, October 24, 2006
Monday, October 23, 2006
Labels: Canyon-Johnson, Capitol Riverfront, Faison Development
According to developers Faison and Canyon-Johnson Urban Funds (yes, that Magic Johnson), the Onyx on First - a 14-story, 226-unit condominium located at 1st and L Streets NE, just one block form the new Nationals ballpark - is expected to break ground by the end of October. This $100 million project, which will rise next to Opus’ planned 13-story office building at this location, will also feature a four-level underground parking garage with approximately 210 parking spaces and 65 storage spaces. Pricing is expected to start in the upper $200,000 range to the high $300,000s, with units averaging 725 sf. Completion is expected sometime in 2008, when the new ballpark should be ready.
Washington DC real estate development news