Showing posts with label MRP Realty. Show all posts
Showing posts with label MRP Realty. Show all posts

Wednesday, May 20, 2020

Bryant Street - Rhode Island Avenue

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Directly across the street from the Rhode Island Avenue Metro station, local developer MRP Realty is in the process of building what will be a 7-building, 13-acre project, one that will ultimately comprise 1.5m s.f. of residential development and 272,000 s.f. of retail.  The project is replacing a smattering of industrial and big box retail uses, but will nonetheless create a net gain in retail space once complete. The current phase will deliver 487 residential units and 47,000 s.f. of retail, including a 9-screen Alamo Drafthouse Cinema, all designed by SK&I Architecture.  One of the central features will be a retail-activated plaza oriented to the Metropolitan Branch Trail, connected to the adjacent Metro station via a new pedestrian bridge.

The project will be the first major project on the Rhode Island Avenue corridor since the completion of Rhode Island Row in 2012, despite serious attempts over the past two decades to build more density along the artery, attempts that began in earnest in 2009 with the Deputy Mayor for Planning and Economic Development calling for $1.2 billion in investment on a 3-mile section of Rhode Island Avenue.

click photo for image gallery

Project:  Bryant Street


Developer: MRP Realty

Architect:  SK&I Architecture

Construction:  CBG

Expected Completion:  Rolling completion with first deliveries scheduled for late 2020


Prior to construction












Washington DC retail and real estate development news

Sunday, November 11, 2012

Today in Pictures - Washington Harbor

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Georgetown's Washington Harbor is coming back to life.  A flood devastated the retail pavilion in March of 2011, when high water in the Potomac filled the parking garage and nearly submerged several restaurants, but restaurants have since been revamping and only one retail bay remains vacant. With several anchor restaurants on the lower level having reopened last month, the harbor is slowly returning to its former glory, or perhaps better, as the fountain - never the best part of the complex - has been reconfigured into a winter ice skating rink.  Owner MRP Realty expects work on the complex to be completed by Thanksgiving.

National Harbor, Washington DC - MRP begins renovations to the waterfront plaza in Georgetown

National Harbor, Washington DC - MRP begins renovations to the flooded waterfront plaza in Georgetown

National Harbor, Washington DC - MRP begins renovations to the waterfront park in Georgetown, DC
Tony & Joe's

National Harbor, Washington DC - MRP begins renovations to the waterfront plaza in Georgetown
Tony & Joe's

Washington Harbor - DC's waterfront park in Georgetown, purchased by MRP

Washington Harbor - DC's waterfront park in Georgetown, purchased by MRP

Georgetown retail and restaurants at Washington Harbor after the flood

Georgetown retail and restaurants at Washington Harbor after the flood

Washington DC retail and restaurants news: MRP renovates Washington Harbor after the flood

Washington DC retail for lease - the Washington Harbor in Georgetown

Washington DC retail and commercial real estate news

Monday, September 24, 2012

ANC Supports RiverFront on the Anacostia Project at Zoning Hearing

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Late last week, a zoning commission meeting brought the RiverFront on the Anacostia project one small step closer to fruition.

The 1.1-million-square-foot mixed-use project, which was designed by SK&I architects and is situated on the Anacostia River just south of Nationals Park, had a hearing in front of the DC Zoning Commission Thursday night. While commissioners were noncommittal, requiring supplemental information from Florida Rock Properties (FRP) and Mid-Atlantic Realty Partners (MRP), the developers, the coup was a letter of support from the local ANC commission covering the site.


The zoning commission originally approved plans for the 5.5 acre site back in 2008, but the developers proposed last year to change the project’s first phase from office space to 300-350 residential units, given the current dismal situation for office space in the neighborhood. A February 2012 hearing didn’t go well—the commissioners all but told the developers to start all over with the designs—but John Begert with MRP Realty said this one seemed a little better, though he didn’t draw any conclusions. “We feel like our presentation went pretty positively, and that’s kind of all you know,” he said.

The commissioners tasked the developers with sending in additional information, including clarifications on the project’s roof plan and how an alley running through the development will be designed. The developers will submit the information within two weeks, but the commission may not make a decision until later this year or even early 2013.

Still, support from the ANC was good news.  "After presenting at multiple monthly ANC meetings and working with the ANC and my SMD’s Citizens’ Development Advisory Committee, the development team presented a final plan this month that we were happy to support,” wrote ANC 6D commissioner David Garber, whose district includes the site, in a letter dated September 20. “The elements of this most recent plan that we hope you will join us in specifically supporting are its engaging architecture, creative and usable public space, ground floor and roof-top retail, and the promised play installation designed specifically for children that is noted in the plan but will be laid out as part of a future phase of the PUD.”


The project’s first phase is a nine-story building that will feature almost 19,000 square feet of retail space and a small amount of affordable housing; 8 percent of its residential units will be priced at 80 percent of the area median income. The project will also include an expansive public section: picture wide green lawns, wetlands-type areas that act as bio-filtration mechanisms for stormwater management, and tree covered spaces, as well as a marina that could accommodate up to 50 boats.

The project, a former concrete plant, is set at the foot of the South Capitol Street Bridge, and has been in the works off and on since 1998.  The developers have more plans for the property, but subsequent phases are several years down the road.

Washington D.C. real estate development news

Monday, August 20, 2012

MRP Breaks Ground on Washington Gateway

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Earth movers arrived at the Washington Gateway site in NoMa several weeks ago, signaling the imminent groundbreaking of the $360 million Washington Gateway, and now MRP Realty officials have acknowledged that construction is in fact beginning on the mixed-use project.  A groundbreaking ceremony will be announced shortly.

In February 2012, DCMud reported that MRP had moved equipment to the site for preliminary work, but nothing substantial followed.  Now, officials say that construction is beginning on a 14-story, 400-unit apartment building at 100 Florida Ave., NE.  The promotional material states that the building will feature a "brick and metal panel exterior with floor-to-ceiling glass at the prominent corners."  The residential building will be the first of several phases that will eventually include an office component. SK&I designed the building, Davis Construction is the general contractor.

An important component in the growth of NoMa neighborhood, Washington Gateway is bordered by the intersections of New York and Florida Avenues to the west and the Metropolitan Branch trail to the east.  It is also situated one block from the New York Avenue Metro Station and neighborhood amenities including Harris Teeter.

Washington Gateway will join Archstone's First and M 469 luxury apartments and Mill Creek's Trilogy NoMA project (pictured, at left) which includes 603 units, just to name a few of the "3,500 residential units delivered or under construction."

Update:  Developers say the project will be in 3 phases, with 2 and 3 being office buildings.  The project will break ground Sept. 12.

Washington D.C. real estate development news

Friday, May 25, 2012

MRP’s Penn Quarter “Trophy” Office Loses Investment Partner, Gains Investment Partner

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MidAtlantic Realty Partners, LLC (or MRP) announced it has a new joint-venture partner in ASB Real Estate Investments to build its previously announced Class A “trophy” office building planned at the southwest corner of Ninth and G Streets in Penn Quarter and intends to begin construction this summer. The former investment partner was Rockpoint Group LLC.


Regardless of the change in ownership, it doesn’t appear that anything else will be different - MRP is still going to the dance, just with a new date on its arm.

Construction on the former National Capital Area YWCA site is set to commence this summer, and it’s still planned as a nine-story, 112,000 s.f., LEED Gold building with a glass curtain wall. It’s also still being designed by San Francisco-based Gensler.

So life’s pretty much the same 900 G Street, and for MRP, save for the hand that feeds it.

Washington D.C. real estate development news

Monday, March 19, 2012

Retail, Fountain, Ice Rink Slated for Washington Harbour

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Washington Harbour retailWork to upgrade the retail offering of Georgetown's Washington Harbour has begun, owners MRP Realty and Rockpoint Group LLC announced today.  Washington Harbour is undergoing a $20 million exterior renovation led by architecture firm Gensler and general contractor Clark Construction, after a flood pushed out the restaurants that once lined the riverfront pavilion. Some of the most significant changes are slated for the lower level. Those upgrades include retail storefront improvements and a revamped fountain with lights and animated jets that will double as a 12,000-square-foot ice skating rink in the winter.
Washington Harbor fountain, Gensler design, MRP Realty
Work on the lower level is scheduled for completion in the fourth quarter of 2012, and the fountain will be completed by the end of this summer.

Rendering courtesy of Gensler Architects

Washington DC commercial real estate news

Tuesday, February 07, 2012

MRP and JBG To Develop the Exchange At Potomac Yard

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MRP Realty and JBG Companies this week announced plans to jointly develop a new 1.9 million s.f. mixed use project at Potomac Yard, just one mile south of Reagan National Airport.

The joint-venture plans for the 17-acre development along Route 1, to be known as The Exchange, call for a town center featuring 800,000 s.f. of office and hotel space, with two hotels offering 625 rooms, along with 534 residences. The town center will include a plaza that features a seasonal ice skating rink.

SK&I is the residential architect and Gensler the master planner, according to MRP spokeswoman Julie Chase. MRP also hired SK&I and Gensler for its Washington Gateway project, set to break ground this year.

The development will also be served by the region's only Bus Rapid Transit system which could begin operating along Route 1 by 2013-2014. Further out, the long-awaited infill-station on the Metro's Blue and Yellow Line could serve both Potomac Yard shoppers, located just north of the planned development, and The Exchange residents and office workers.

Metro is in the process of drafting an Environmental Impact Statement on how to best locate and construct the infill station site and a final decision on the station is expected in late 2013.

Groundbreaking for The Exchange development's infrastructure began in December 2011 and construction on the first 323 residences will commence in the second quarter of 2012, the companies said.

Arlington, Virginia real estate development news

Monday, February 06, 2012

Florida Rock Development Reboots, Meets Resistance

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With demolition of the concrete plant finally complete, RiverFront on the Anacostia, the on-again off-again Southeast waterfront mega-project is on, again - pending various hearings, presentations, meetings, and ultimate approval of some very substantial changes to the zoning application.
Developers Patriot Transportation Holding Inc. and Midatlantic Realty Partners LLC (MRP) filed a modification with the Zoning Commission last month to, among other things, modify the Phase One building from an office complex to a residential building. The proposed residential building would be nine stories tall and include up to 350 units, 286 underground parking spaces, and 300,000 square feet of gross floor area (8% of which would be set aside for affordable housing at 80% of AMI). The new filing retains the 12,500 s.f. of retail space for lease, but now wants to earmark 7,000 s.f. as "flex space" or "residential amenity space."

Last week, the Zoning Commission gave their first impressions of the new plans, and it wasn't pretty. One commissioner called it "an affront" and a "bastardization," even going so far as to suggest the developers might have to start the PUD process from square one. Another excoriated the developers from reducing the initial 80,000 s.f. of retail space to under 24,000 s.f. in the latest filing, with 7,000 of that possibly being converted to non-retail "flex space." Even the most positive board member damned the project with faint praise - characterizing it as an improvement on the original PUD, but "boring" and "simplistic." In the end, the board deferred a decision, and the next public hearing is on February 13.
The new building, designed by SK&I, is U-shaped, facing the river, with a private inner courtyard. On the east side is a planned greenspace (Anacostia Plaza) and on the west side, in between the Phase One building and the Phase Two (also residential) building, another large plaza (the Mews) that "privileges pedestrians over vehicles." The new landscape plan, by Oculus, uses the idea of "ecotone" (in the report, this is defined as "an ecological term referring to the transitional zone between two ecologies") to create an impressive stormwater management and filtration system that will both provide lush public native plant green spaces, and filter runoff. (And the Anacostia River can use all the help it can get.)

Phases II (a 262K s.f., 130-foot tall residential building), III (326K s.f., 130-foot tall office building), and IV (275K s.f., 130-foot tall hotel) are unchanged. FRP anticipates a Q2 2013 groundbreaking, with move-ins starting in Q1 2015, and everything wrapped up by that summer.
Big picture, the plan is cut from the same cloth as the plans for the Wharf and the Maryland Avenue redevelopments. (There are only so many ways to skin a cat, after all.) Much like those plans, this latest filing is hoping that their conversion of the Phase One building from office to residential "will provide the critical mass of people necessary in order to support future office and retail uses." Of course, this could take a while, which is the thinking behind the "flex space." What if they build it, but people don't come? The plan also asks for permission to use the Phase II/III/IV sites for interim projects like a farmer's market or temporary retail, rather than letting those spaces remain dormant. It's a good strategy to lure more people to the area, and can only help not just their development, but the neighborhood as a whole as it gears up to make the transition to world-class waterfront. But first, developers need to win over the Zoning Commission, which is proving to be a harder task than they may have anticipated. 

Thursday, February 02, 2012

Washington Gateway Finally Breaking Ground?

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MRP Realty edged closer to a groundbreaking of the $360 million Washington Gateway in NoMa, as crews this week began disassembling commercial billboards occupying the three-acre site at the intersection of New York Avenue and Florida Avenue, NE.

While some real estate insiders said construction would start shortly, Julie Chase, a spokeswoman on behalf of MRP Realty, said in an e-mail not to read too much into the action on the site as MRP is still in the permitting process. "Yes, the billboards are coming down, but that does not mean they are starting any construction," she said.

The two billboards on the site, both facing the railroad tracks, the Metro Red Line and inbound New York Avenue drivers, have been a familiar sight for road and rail commuters, but now it appears they could finally be replaced by construction cranes and equipment.

The million-square-foot project, designed by SK&; I Architectural Design Group and Gensler and to be built by Davis Construction, will be completed in three phases. The first step will be SK&I's 11-story apartment building with 400 units and 5,200 s.f. of retail.

The initial phase will be followed by two Gensler-designed 11-story office buildings, one with 200,000 s.f. and the other with 400,000 s.f., along with 10,000 s.f. of retail. Gensler is the designer of PNC Place at 800 17th Street NW, and SK& I recently designed Wisconsin Place in Friendship Heights.

All told, the 170-foot high (by some ways of measuring), triangle-shaped project with green space in the middle will have about 15,000 s.f. of retail facing Florida Avenue, NE, which will get its own facelift with new sidewalks, street lighting and landscaping.

The anticipated construction of Washington Gateway comes as the District is in the middle of a $36.5 million rehab of the nearby New York Avenue bridge which will run through September 2013, thanks to federal American Recovery and Reinvestment Act stimulus funding. The bridge reconstruction, which began in March 2011 is about 40 percent complete, according to contractor Fort Myer Construction Company. Already, on the northwestern side of New York Avenue, NoMa West, by Mill Creek Residential Trust, is nearly a year in towards constructing more than 600 residential units, having broken ground in March 2011 and is expected to be complete by spring of 2014.

Washington D.C. real estate development news

Tuesday, January 24, 2012

MRP Plans "Trophy" Office Space in Penn Quarter

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MidAtlantic Realty Partners LLC, better known as MRP, today announced a joint venture with real estate investment management firm Rockpoint Group LLC to build a new Class A "trophy" office building at the southwest corner of 9th and G Streets in Penn Quarter, the former location of the National Capital Area YWCA.


The 112,000 s.f., nine-story building will be designed by San Francisco-based Gensler. Like many of its Washington contemporaries it will include a glass-wrapped exterior with nine-foot ceilings for levels two through seven and two penthouse levels with ten-foot ceilings that have views of the Capitol and the Washington Monument. The company says it will be LEED-Gold certified and will also include a "green" roof with storm water treatment. MRP says the building will use 12 percent less energy and 40 percent less water than typical office spaces.

"We will develop a dramatic building that visually captures the corner while creating an active and memorable street-level retail experience," said Bob Murphy, managing partner of MRP Realty in a statement.

Julie Chase, a spokeswoman for MRP says the tenants of the 9-story building currently on the site are expected to move out by June of this year and that the building will be torn down "immediately after." Chase said MRP was not willing to release the overall costs of the construction. "They will be commensurate with a high-quality trophy building," she said.

The corner is already home to the Ludwig Mies van der Rohe-designed
Martin Luther King Jr. library, and will sit astride the Smithsonian Museum of American Art, the National Portrait Gallery and Gallery Place Metro, connecting to the Red, Green and Yellow lines. Skanska Commercial Development recently completed an $85 million "trophy" space at 10th and G Street.

The National Capital YWCA, which occupied the lower floors of the 9th Street building, moved to a new 15,000 square-foot location at 14th and Florida in December.
Washington D.C. real estate development news
 

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