Monday, October 22, 2007

Demolition to Make Way for More Stadium Apartments



Monday, October 29th will be the last day for the old taxi cab repair garage that stands on 1345 South Capitol Street. The site, which was once used by Bell Cab Company, was purchased by Camden Properties in December 2005, forcing Bell to move to its current location on First Street NE. The dilapidated building is to be razed to the ground next week, the latest residential development in the increasingly competitive ballpark area. Camden, a nationwide real estate investment trust based out of Houston, ended the bidding process for construction on October 17th, and is now in the process of deciding who will build the 365,000-s.f. project.

"Our goal for Camden 1345 is to create a residential project that will complement the urban environment of the new stadium and entertainment district," said Topher Cushman, Director of Real Estate Investment at Camden. Cushman added: "The building's open courtyards, unit terraces and rooftop amenities will provide residents with monumental city views as well as outlets to interact with the streetscape." And while a construction firm has not been selected, WDG Architecture - the company that received national kudos for its work on the Sallie Mae Headquarters in Reston, VA will be designing the structure.

The new $105 million development will be a mixed-use property with 3,000 s.f. of ground floor retail and 276 rental units, and is expected to be ready for ground breaking by December of this year. 1345 South Capitol will be the newest addition to a compendium of properties owned and operated by Camden in the DC metro area, including the Grand Parc on 15th Street NW, Monument Place in Fairfax, VA and Potomac Yard in Arlington, VA.

3 comments:

DC on Oct 24, 2007, 11:55:00 AM said...

Well I don't think anyone in the neighborhood or the DC Metro area is going to miss that ugly building.

Though I do hope that the area surrounding the new stadium doesn't just turn into one big stretch of Condo Buildings and Disney Stores!

Samantha

Douglas A. Willinger on Oct 30, 2007, 4:20:00 PM said...

That sort of development can always be cleared by eminent domain for public use for creating the promenade seen here:

http://wwwsouthcapitolstreet.blogspot.com/2006_03_01_archive.html

Amazing how citizens working through the government can come up with a good idea, only with those with too much political power to abort it.

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