Tuesday, June 19, 2007

Takoma Project Gets Underway as Apartments


The developer of the aborted Centex project, the Pavilions at Takoma, has begun excavation on the site to carry the project forward, now as an apartment complex. Atlanta-based Gables Residential, which owns numerous apartment buildings throughout the DC area and has substantial assets throughout the Southeastern U.S., demolished the existing structures after it purchased the land from Centex in January of this year, and has begun underpinning to make way for the new building. Gables will go forward with the same Eric Colbert-designed project originally planned by Centex, with 144 units, 180 underground parking spaces, and street-facing courtyard two blocks from the Takoma Park Metro Station, but will develop the property as rental apartments instead of condos. Centex began selling the project as condominiums in the Fall of 2006 before selling the development outright, but sales for the project were reportedly slower than anticipated, one of several Centex projects locally that began marketing but never got out of the ground. Gables expects the project to complete in the first quarter of 2009.

5 comments:

Anonymous said...

Speaking of Takoma condo projects-Is there any news on the status of Ecco Park being developed by SGA Architects? It was supposed to break ground this past spring.

I hope the project is still alive.

Nick on Jun 25, 2007, 10:59:00 PM said...

Ecco Park is still alive ... construction should begin this Summer, with completion late 2008.

Anonymous said...

As someone who owns and lives on Chestnut, I'm glad to see that the original design will remain. I am also pleased to hear that the parking is underground. Our street is overrun by the funky car repair shops on Spring Place. I hope the development will put the nail in the coffin of these eyesores and less-than neighborly nuisances. I can only imagine the environmental damage lurking underneath those crappy shops. (I was amazed at what was in the excavated piles at the B&B site.) The insult added to injury for us is that those places leave cars in various state of disrepair parked on our street--often leaving us little or no parking.

Anonymous said...

As see some one asking back lasing summer is Ecco Park still alive. I wonder that also. Has anyone hard anything? Last time I was by there a month ago and it did not look promising.

Anonymous said...

Ecco Park is being turned into rentals. They are calling people who put their money down now.

 

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