Friday, October 29, 2010

First Piece of Arboretum Place Puzzle: The Flats


On Wednesday Clark Realty Capital broke ground on the first phase of Arboretum Place. Amidst the late morning downpour, developers plunged shovels into the muddied earth at at 1600 Maryland Avenue, NE, signifying the start to the first phase of construction, set to yield 257 "high-end apartments." The initial phase has been dubbed "The Flats at Atlas District," and developers expect the residences along with 5,000 s.f. of ground-floor retail to deliver in two years time. Originally expected to initiate construction back in 2009, the market downturn put a significant dent in developer's optimism. But HUD's 221(d) financing program and now Wednesday's ceremony has brought some relief to those who've worked on the project. "We are thrilled to have finally broken ground on The Flats and become part of the exciting Atlas District community," said Project Manager Tracey Thomm at the groundbreaking, explaining that "Without the involvement of HUD, none of this would have been possible."

The proposed multifamily luxury apartment community that will eventually total some 674,757 s.f. and 430 units, is located on a ray of the newly improved "Starburst" intersection (still way less delightful than an actual Starburst), directly across the street from Hechinger Mall; some apartments will have views of the Capitol. According to the developer, the long-awaited complex will bring "high-quality housing to an area that has not benefited from new residential development in many years." In addition to the growing number of retail options in the Atlas District, future residents will plenty of amenities right outside their door - a pool, a business center, a gym, indoor half basketball court, entertainment space, and landscaped gardens complete with fireplace and "meditation courtyard" are all in the works.

Georgia based Preston Partnership brained the architectural aesthetic that fuses sharp angles and a modern facade of dark red brick, cement, and large glassy bays, conveying both a sense of sophistication and an industrial-tinged simplicity. The interiors are equally classy, the renderings of the common spaces inviting the eye to superimpose an image of a lady-wooing 007 onto the leather ottomans. Another Clark subsidiary - Clark Builders Group is charged with making the architectural drawings a reality, and will begin work just in time for the winter months.

Washington D.C. Real Estate Development News

7 comments:

Anonymous said...

This is great news for the area. The last undeveloped strip of land that remains in that area is Bladensburg road. I'm confident once the Flats are open for business Bladensburg road will start to see some changes too.

Anonymous said...

this is great news for the neighborhood in trinadad..way to go.

Anonymous said...

Keep the development coming. The area needs it.

MRFO'Brien said...

That is really great news for the area, which has needed some good development projects for many years. MRFO'Brien

Anonymous said...

It's gonna take more than a nice building to fix this neighborhood.
According to crimemap.dc.gov: Crimes that occurred within 1000 feet of 1600 MARYLAND AVENUE NE, located in the Fifth and First Police District(s) between 11/02/2009 and 11/03/2010.
Homicide 3
Sex Abuse 2
Robbery Excluding Gun 31
Robbery With Gun 8
Assault Dangerous Weapon Excluding Gun 13
Assault Dangerous Weapoon Gun 7
Burglary 12
Theft 52
Theft F/Auto 29
Stolen Auto 31
Arson 0

Dwayne said...

This is absolutely great news for the area. And for the Record, Anonymous person who posted the crime statistics. It's true that one "Nice building" building will not stop crime. The truth is, the people who move in to this "Nice" building will help add to a community that has lacked community since the 60's. Together, as a community we can stop crime.

Also Remember, U st NW residents sang the same tune you are singing before U st Blew up! You couldnt walk down the street in that area a short while ago! Now look at it.

The cup is totally half Full in this case. Not half empty... Be Positive!

Coming from a soon-to-be resident of Bladensburg Rd.

Let's Go Atlas District!!

info@flatsatatlas.com on Nov 5, 2010, 4:45:00 PM said...

Hi All - In an effort to involve community members, merchants, and potential residents in the development dialogue, we’ve launched our property website, www.FlatsAtAtlas.com. The site provides general information about this exciting new addition to the H Street corridor, as well as a contact form (http://www.flatsatatlas.com/Contact.aspx) to reach our development team and receive periodic email updates.

Renderings, video remarks, development updates, and other up-to-date information for the community can also be found on our Facebook page (http://www.facebook.com/FlatsAtAtlas) and via our Twitter feed (http://twitter.com/#!/FlatsAtAtlas).

We are excited to be a part of the Atlas District and look forward to engaging with the community.

 

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