The Bozzuto Development Company is asking DC for a two year delay on its planned residential development on New York Ave in Mt. Vernon Triangle, even as neighboring residential projects progress. Just last April Bozzuto Development Company President Toby Bozzuto told DCMud he hoped to begin construction in 2010. That now seems highly unlikely, so to be cautious the developer will go before the Historic Preservation Review Board (HPRB) next week to request a two-year extension.
The Bozzuto property will sit across from City Vista and adjacent to Yale Laundry, which just started construction on its second phase, despite ongoing sales that began in the summer of 2005. The WDG Architects-designed 13-story building at 460 New York Avenue, NW would include 87 residential units for a total of 85,555 square feet on a site currently occupied by an empty lot and two vacant, deteriorating buildings.
Nothing is likely to happen soon. William McLeod of the Mount Vernon Community Improvement District told DCMud he was unaware of any updates or changes in the status of the development, and Sean Stadler, Associate Principal Designer at WDG said there had been no progress on the project since its initial zoning approval and that the developer had not begun hiring a general contractor. The developer originally received Zoning Commission approval in April 2008 for zoning amendments. The approval sanctioned Bozzuto's plans to move the three-story historic structure, dating from 1902, to an area zoned for smaller development while leaving the remainder of the lot for the larger residential building, which on New York Avenue will reach 130 ft in height.
A ground floor fitness center (despite the Results gym at CityVista) and two levels of below grade parking will reportedly round out the development. The developer received approval in January 2008 from the HPRB to raze the two-story 1870s historic building because of the dire condition of the structure. Once the 1902 historic building is relocated on the western edge of the site, it will receive a full renovation to include 6 of the planned apartments.
A ground floor fitness center (despite the Results gym at CityVista) and two levels of below grade parking will reportedly round out the development. The developer received approval in January 2008 from the HPRB to raze the two-story 1870s historic building because of the dire condition of the structure. Once the 1902 historic building is relocated on the western edge of the site, it will receive a full renovation to include 6 of the planned apartments. Washington, DC real estate and development news
2 comments:
This seems contrary to the article in the washington business journal two days ago.
http://washington.bizjournals.com/washington/blog/breaking_ground/2010/01/jones_lang_lasalle_ibg_partners_get_hud_loan_for_yale_steam_laundry_apartments.html?surround=lfn
Can't wait for this project to be up and running. The entire development should bring lots of energy to the Mount Vernon area. Once it's up and rocking, Mount Vernon could quickly become a DC hotspot because of its proximity to Chinatown, Dupont Circle, and tons of other downtown neighborhoods.
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