Fairfield Residential will go before the DC Zoning Commission late September for approval of PUD modifications for their Marina View Towers apartment project. One of several developments along the Southwest waterfront, including Southwest Waterfront, Arena Stage and the Waterfront Mall, Marina View, at 1100 6th St., will deliver apartments, public spaces, and a restaurant at completion. Redesigned by Esocoff and Associates, Marina View will be a mixture of new construction and interior renovations on the two landmarked forty-six year-old I.M. Pei towers. Under the PUD modifications submitted July 3, Marina View will now be completely rental, a change from the developers original plan to make the South Pei tower a condominium building.
Graham Brock, Project manager at Fairfield Residential, said changes in the market led the developer to convert to rental units. "We planned condominiums for the South Pei tower because existing residents in the Pei towers wanted the option of home ownership, but then we struggled to find ways to finance that building and get those residents to qualify for loans. The market changed and the deal we had come up with wasn't as strong anymore. So we met with the residents again and I think everyone came out whole."
Work is already underway in the 128-unit North Pei tower; the developer had to bifurcate all of the systems and transfer tenants; all residents are now in renovated units and the developer is completing the opposite side of the building. Brock said they hope to start work in the South Pei tower in the coming months and complete the historic renovations in the next six months.
As for the new towers that will replace two surface parking lots and climb to 112 feet, Brock said depending on the market, condos could become a possibility, but for now, they too will be apartments. Construction will likely start in the fall on the South tower, which will deliver 156 units and is the only building of the four that will offer ground-floor retail. Brock said it will deliver 8,500 s.f. with 5-6,000 s.f. reserved for a restaurant. The 168-unit new North tower will follow once the South tower's parking garage is completed.
The project will also include amenities such as a small public park on 6th street and 12,000-15,000 s.f. amenities building that will include a pool, gym, lounge, and business center.