DC developer Forest City Washington is planning to build one of southeast's newest residential buildings, officially known as Building 160, in the form of a 6-story tower at 301 Tingey Street. The project will be developed using the framework of the Pattern and Joiner Shop, a woodworking plant built in 1918 and part of the historic Washington Navy Yard Annex. Developers will convert the four-story, 157,000-s.f. Joiner Shop warehouse into a 170-unit apartment building by way of gutting the interior, maintaining and restoring the facade, and building a two-floor, 50,000-s.f. addition above its roof. SK&I Architectural Design Group plans for LEED Certification, although sources indicate that it is too early to predict the level.The building serves as the first residential project to arise in the vast development known as The Yards. With step numero-uno of The Yards, Forest City will create "Upscale apartment units featuring stained concrete and wood floors, designer kitchen and bathrooms, split level bedrooms and contemporary amenity spaces," said Sami Kirkdil, principal at SK&I.
Estimated to cost between $20 and $30 million, the lofts will offer interior parking, club and theater rooms and a furnished courtyard on the second floor for its guests. The building's ground floor has been designed to accommodate retail spaces facing the river and main streets in addition to a smattering of garden apartments. The rooftop addition will house "luxury double story loft units," according to Kirkdil and a fifth floor sky deck and 30-ft glass lap pool will overhang into the courtyard. (We're not quite sure what that means but it sounds cool.)
General Contractor bids for renovation and construction will close next Thursday. Developers expect to break ground in the Spring of 2008 and finish in the Winter of 2009.
3 comments:
wow! it doesn't stop!
you have to wonder if the attrition/retirement rate of federal government won't affect the demand for residences in DC.
we'll have a bunch of feds retiring over the next few years, only to move back to iowa, oklahoma, or wherever.
by the same token, you have federal agencies moving out of the district.
i wonder if DC will be able to maintain demand for housing within the district.
having said that, what's so alluring to bring folks into the district, when they can buy houses in the burbs at nearly half the price?
it's going to be an interesting few years, indeed!
Poo Poo - whoa man, don't sell off your house and move to Pennsylvania yet. The District is creating jobs (about 10,000, on a good month), and adding population; so much that the Urban Land Institute says that we (developers) are failing to keep up with population in the housing we are building, in fact we are about 6,000 housing units per year short in the greater DC area.
Sure, some people will retire and (sometimes) move away, but others will take their place. The government isn't shrinking - stay tuned to the election to see how much it expands - but the private sector in DC is greatly expanding and getting wealthier.
Fear not, there has always been steady development, it just hasn't always been reported so well and with such keen insight.
CORRECTIONS!
Because of some miscommunication, this correspondent has unfortunately reported some dubious facts, he wishes to rectify. I guess I'm not as smart as I look.
1. The name Pattern Shop Lofts was a working title, and should never have been used in the article, as Forest City has not yet decided what to call Building 160.
2. The name of Forest City's vast development project is The Yards. Period. The End. Calling that project the yards at federal center is so completely inaccurate (and egregiously stupid) that I should have been hung upside down and repeatedly kicked in the groin for a little more than an hour.
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