Showing posts with label ADC Builders. Show all posts
Showing posts with label ADC Builders. Show all posts

Monday, May 31, 2010

Yet More NoMa Residents

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Noma real estate development Washington DC, GTM architects, ADC BuildersJust a few days after NoMa announced its first new housing in a century, the downtown DC neighborhood will get yet another bump in residents with the opening of The Loree Grand on Tuesday. The Loree Grand at Union Place is the first phase of the Cohen Companies planned Union Place development, which is intended to deliver more than 700 new Noma real estate development Washington DC, commercial real estate brokerapartments, 9,000 s.f. of retail, a daycare center, and central courtyard open to the public. The Loree Grand, named after local resident Loree Murray who fought local gangs and drug-dealers and had her home firebombed as a thank-you, is the only portion of Union Place to begin construction so far. The opening of the apartment building brings 212 new rental units to 250 K St., NE, with 173 parking spaces in two levels below the 10-story frame. The building, designed by GTM Architects and built by ADC Builders, began construction in July 2007. The bulk of the 212 units are variations on 1-bedroom apartments with the remaining 30 units in various 2-bedroom configurations. The first two floors attempt to replicate traditional Washington DC row houseNoma real estate development Washington DC design, with entrances both on the street and from the interior. Cohen did not pursue LEED certification on the building, but the building does support a green roof. Two weeks ago the Loree Grand began taking initial applications from artists for 30 artist-designed apartments, thanks to a partnership with the Cultural Development Corporation. Phase II of Union Place is currently on hold. Cohen also built the Velocity Blake Dickson Real Estate brokerage, Loree Grand, northeast DC, retailcondos in the Capitol Riverfront (ballpark) neighborhood, and is exploring another mixed-use project at 14th and Virginia Avenue, SE. 

Washington, DC real estate development news

Monday, May 17, 2010

Artists Line Up for Housing

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The scene at Flashpoint art space in Penn Quarter at 7:45 this morning was a flashback - hopeful denizens waiting in line for the newest housing offering. The scene was not, however, a replay of the condo frenzy of 2005, but a new subsidized housing venue aimed at struggling area artists. Eleven eager applicants waited in line for one of 30 units designated as "artist housing" in the new Loree Grand nearing completion in NoMa, the first phase of Union Place, a new 212-unit apartment building at 250 K St., NE. Artist housing, Washington DCThe benefaction comes from a partnership between developer Cohen Companies and the Cultural Development Corporation (CuDC), encouraging "artists, arts administrators, and arts educators" with dedicated subsidized rental apartments. The CuDC began accepting applications today and will continue through May 24th. So who's an "artist?" To screen the uncreative, an independent panel of arts professionals will review three artistic competencies: demonstrated body of work and commitment to an artistic practice, active ongoing participation in the arts industry and potential for an affordable live-work unit to positively impact an artistic career. Commercially successful artists need not apartist housing, Washington DCply, as the unit allotments are based on need. But don't picture starving sidewalk caricaturists in tie-dyes; in DC "struggling" is a relative term. The CuDC is looking for painters, filmmakers, graphic designers, even "arts administrators"and educators, with incomes based on the DC Department of Housing and Community Development's income limits. That puts income minimums at $34,958 (have IRS forms in hand) for a studio and income maximums at $82,160 for the largest two-bedroom apartments. Cohen purchased the land for just over $1 million and has spent $45 million on construction costs with ADC Builders and GTM Architects, the general contractor and architect, respectively. The 10-story Loree Grand - one of the few multi-family buildings underway immediately east of the railroad tracks, will also offer 3,700 s.f. of retail space, which Eric Siegel, Executive VP at Cohen, says he hopes to fill with a food-wine-coffee shop along the lines of Tryst in Adams Morgan or Busboys and Poets.Washington DC affordable housing CUDC 

No retail tenants have yet committed, and Siegel dismissed rumors of a hot yoga studio. First-in-line Lisa Simmons camped in her Mini for the night to ensure her place in line (pictured at right). The DC native is a short-film maker whose focus is "urban dance in urban spaces." The self-professed nomad now floats between her mother's and boyfriend's places and leapt (well, slept) at the chance to be surrounded by other artists close to Union Station's transit options. Painter Matthew Mann heard about the housing through CuDC's Red Circle, which brings together artists and business leaders. Mann was in line so early for the appeal of "affordable space" that "wasn't derelict." Julia Suszynski and Katherine VanWyk, interns with the Shakespeare Theatre Company, are hoping for a new apartment when their subsidized intern housing runs out. Both heard about the housing through their current work and Suszynski said she thinks artist housing "is an interesting way to segment people." Both hope to qualify as arts administrators. Emma Fisher, Communications Manager with CuDC, said she was happy with the early turn out and expected more applicants throughout the day. Units should be ready for move-in by June. Rentals run from $999 to $1330 for a studio, and up to $1657 for a two-bedroom. Correction: The income guidelines quoted above are determined by the U.S. Department of Housing and Urban Development, not by the District government. 

Shaun Courtney contributed to this story. Washington, DC real estate development news






Wednesday, January 13, 2010

NoMa's First Residential Projects

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Cultural DC, Paradigm Development, Noma, GTM Architects, Loree Grand, Cohen Campanies and Davis Carter Scott, Washington DC real estateUnion Station's finally getting new neighbors as NoMa's very first new residential developments approach completion. The Loree Grand, the first phase of the planned Union Place development, brings 212 new rental units to 250 K St., NE. The building, which began construction in July 2007, is on track to be ready for occupants by March or April. Next door Paradigm Development is hard at work on The Washington Center student housing also slated for April delivery. The new NoMa residents will have gobs of transportation options including the metro, Marc and Amtrak lines, buses, the new bikestation and, if the street cars ever get worked out, a short ride to the H Street/Atlas District. The two new residential elements will be joined by Constitution Square, which is also expected to be finished in 2010. It's looking to be a good year for NoMa. Cultural DC, Paradigm Development, Noma, GTM Architects, Loree Grand, Cohen Campanies and Davis Carter Scott, Washington DC real estateLoree Grand developer, the Cohen Companies, purchased the land for just over $1 million and has spent $45 million on construction costs with ADC Builders and GTM Architects, the general contractor and architect, respectively. The bulk of the 212 units are variations on 1-bedroom apartments with the remaining 30 units built to 2-bedroom configurations. The Loree Grand will also offer 30 affordable apartments, likely to go to artists, arts administrators, and arts educators thanks to a partnership with the Cultural Development Corporation. Though not certified officially green, the building features a green roof with self-sustaining plant life, but makes up for it with 173 parking spaces in two below-grade levels and an additional 39 spaces on an adjoining surface parking lot. Cultural DC, Paradigm Development, Noma, GTM Architects, Loree Grand, Cohen Campanies and Davis Carter Scott, Washington DC real estateThe Loree sits on the corner of 3rd and K Streets with 10 stories at 90ft on the corner stepping down to 7 stories at 60ft on the north end. The design features three shades of brick with precast concrete trim-work and detailing. The the first two floors reflect traditional Washington row house designs, with unit entrances fronting K Street and 3rd Street that will also be accessible from the interior. The building includes amenities such as a 2,000-s.f. private fitness center and 1,500-s.f. "party room". On the ground floor at 3rd and K sits approximately 3,700 s.f. of retail space, which Eric Siegel, Executive VP at the Cohen Companies, says he hopes to fill with a food/wine/coffee shop along the lines of Tryst in Adams Morgan. When(ever) the second phase of Union Place finishes, residents will also have access to a child care facility. Washington DC commercial real estate brokerageAccording to Michelle Pilon, a Sr. Project Manager at the Cohen Companies, Phase II of Union Place is "currently on hold," but will ultimately feature 500 apartment units and 8,400 s.f. of commercial tenant space. 

Siegel indicated the group was working on drawings now for Phase II, but it sounds like neighbors at the Loree Grand won't have to worry about construction noise for a while. Facing the Loree is 1001 3rd St. NE, soon to be home to students of The Washington Center for Internships and Academic Seminars. The 140,000 s.f. project should deliver this April with 95 rental units and 14,000 s.f. for a state of the art auditorium, classroom space and one level of underground parking with 35 spaces for the swarms of interns who hit DC every year. The Washington Center purchased the property in January of last year for $8.2 million from Greenebaum and Rose. The sale also included designs for the six-story building by architects at Davis Carter Scott, whose plans needed only a few interior alterations to accommodate the student housing. According to Steve Griffin of Paradigm, the housing should be home to 1,200 students rotated throughout the year. Most units are two bedrooms, two baths at about 1,000 s.f. each; not too shabby for interns. Cultural DC, Paradigm Development, Washington DC real estate agencyIn 2003 Greenebaum and Rose bought the land which was once home to the Capitol Cab Company. 

The Davis Carter Scott plans, which were sold in 2009 along with the property, originally called for a $20 million, six story, 92,800-s.f. residential building. In May of 2008 Greenebaum and Rose partner, Sam Rose, told DCMud, “For now, it’s a piece of land with a permit. We’re not starting until the world looks prettier." It would seem that $8.2 million looked a lot prettier than a questionable condo project. The two projects are huge improvements over the former cab company and what was at one time a major drug intersection. The Loree Grand is named after Loree Murray, a former area resident who founded Near Northeast Citizens Against Crime and Drugs to organize neighbors against the rampant cocaine trade and violence in the 1980s. The group aided the police in fighting against one of the biggest cocaine drug rings in DC that at one time operated at 2nd and K St NE, future home of urbanites and interns. Liz Price, President of the NoMa BID, said, "all this residential is a new area for us. We're really excited to build residential density in this neighborhood."

Washington DC commercial property news
 

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