After months of negotiation, it appears that the nonprofit YMCA of Metropolitan Washington DC is partnering with DC-based developer Perseus Realty LLC to redevelop the existing YMCA Anthony Bowen center at 1325 W Street NW in Shaw (the oldest YMCA in DC, dating back to the 1850s) into a $100 million mixed use complex that will include a new, larger YMCA facility (45,000 sf), over 200 apartments, and 12,000 sf of retail. The Washington Business Journal reports that under the arrangement, Perseus will build and finance the YMCA’s new facility, and in exchange receive the land for the apartment building and retail, which it will own and control. The YMCA will own and run the new facility. In preparation for this development, Perseus has already purchased five buildings along this block fronting 14th Street between W Street and Florida Avenue – these structures will be preserved for the retail portion of the project. The architects for this project are the DC office of Hellmuth, Obata & Kassabaum and Dorsky Hodgson & Partners. If all permits and approvals are received, Perseus hopes to break ground in late 2008, with completion expected toward the end of 2010.
Wednesday, May 23, 2007
YMCA, Perseus Ready to Move Forward on 1325 W Street Mixed-Use Project
Labels: apartments, Dorsky Hodgson and Partners, Helmuth Obata and Kassabaum (HOK), Perseus Realty LLC, residential, U Street
After months of negotiation, it appears that the nonprofit YMCA of Metropolitan Washington DC is partnering with DC-based developer Perseus Realty LLC to redevelop the existing YMCA Anthony Bowen center at 1325 W Street NW in Shaw (the oldest YMCA in DC, dating back to the 1850s) into a $100 million mixed use complex that will include a new, larger YMCA facility (45,000 sf), over 200 apartments, and 12,000 sf of retail. The Washington Business Journal reports that under the arrangement, Perseus will build and finance the YMCA’s new facility, and in exchange receive the land for the apartment building and retail, which it will own and control. The YMCA will own and run the new facility. In preparation for this development, Perseus has already purchased five buildings along this block fronting 14th Street between W Street and Florida Avenue – these structures will be preserved for the retail portion of the project. The architects for this project are the DC office of Hellmuth, Obata & Kassabaum and Dorsky Hodgson & Partners. If all permits and approvals are received, Perseus hopes to break ground in late 2008, with completion expected toward the end of 2010.
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6 comments:
Cool. Any word on the Radio One project in Shaw? I thought it was supposed to have broken ground by now...
Broadcast Center One (Radio One) will be at 7th and S Streets NW, and is expected to break ground this Fall, with completion in 2009. It will contain office space and about 185 condos, and incorporate the Metro entrance into the plan. Should be a big boost to the area.
Thanks, Nick!! I really appreciate the update...
I know neighborhood boundaries are vague at best, but I have a hard time calling this Shaw, especially as U Street and 14th Streets garner their own identities as neighborhoods unto themselves. . .
No less, great news. And it's exciting to hear about Broadcast Center One--where'd you hear about the new anticipated ground breaking date?
Agree with shaw rez- tough to call anything west of 13th st NW (or North of U St) as Shaw, anymore. While traditional neighborhood boundries may have once included this lot, the emergence of "U Street" as it's own neighborhood name seems to fit this best.
Here is a good picture from the WaPo:
http://media3.washingtonpost.com/wp-dyn/content/graphic/2006/02/23/GR2006022300136.gif
Well, It seems as though the graphic explains it all! It also shows how a neighborhood's boundaries can contract in DC instead of expand like other ones do!
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