Wednesday, January 13, 2010

NoMa's First Residential Projects

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


Anonymous said...

"The two new residential elements will be joined by Constitution (Center) Square"...Constitution Center in by L'Enfant Metro, Constitution Square is in NoMa.

pooperdinkle said...

this news is brilliant. having said that, there are still transvestite prostitutes that hang around 2nd and k during the summer months. i know. i live on the adjacent block. they even hang out on warm winter nights.

still, it's changing. the area is awesome if you use the metro. it's a five minute walk to NY ave metro, and an 8 min walk to union station.

once burnham place gets moving, the area is going to be hot.

hard to believe the transformation of this part of dc...

Anonymous said...

student housing? i wasn't aware that the only close university had issues of housing shortages - at least it's not been in the news.

Anonymous said...

The student housing is for the Washington Center, not Gallaudet. They will be housing interns there from universities all over the world. For the past few decades they've been leasing smaller apartment buildings all over town, while this will allow them to house most students under one roof.

reflex said...

i know so many hate the term "noma" but this will be the center of the city someday.
perfectly between downtown,h,u, capitol hill.

its great to see it finally happening.

Anonymous said...

fuck i would hate to see a trystesque coffee shop go in...especially with sidamo two blocks over

Mr. Other Upper NW on Jan 20, 2010, 12:12:00 AM said...

So keep patronizing Sidamo. I fail to see why a place like tryst would be awful. Unless you equate "popular" with "awful".

Post a Comment

Commercial ads will be deleted, so don't even think about it.


DCmud - The Urban Real Estate Digest of Washington DC Copyright © 2008 Black Brown Pop Template by Ipiet's Blogger Template