Level 2 Development's original plans to replace the Nehemiah Shopping Center at 2400 14th Street NW with a large residential building fell through some years ago. But don't feel too sorry for them, as the property they bought in March 2006 for $13.27 million was sold to UDR for some $25 million, a not-so-little profit for what has remained a pile of rubble over the last couple years. But the rubble will at least be pushed around soon, as developers at UDR confirm that they are committed to starting construction on the ten-story, 255 unit apartment building sometime before the end of the year. Because the original developers and architects already navigated the PUD approval process, plans remain largely the same under the direction of UDR.
The studio apartments as well as 1 and 2 bedroom units will range from 500 s.f. to just under 1,600 s.f. in size (total of 190,000 rentable sq. ft.), and will hide the 198 space parking garage planned for the back half of the lot (half above, half below ground). A top floor penthouse comprises the tenth level of
Shalom Baranes will stay on as design architect. They have created an impressive building plan that will feature floor to ceiling glass views, private terraces, a media room, conference lounge, fitness Donohoe Construction is serving as general contractor and will carryout the plans the developers hope will earn Gold LEED certification upon completion. No timetable for construction is currently being shared publicly.
Washington D.C. Real Estate Development News