Monday, December 27, 2010

DCMud 2010 Year in Review

2010 may not have been a chart buster for real estate, but by most accounts it beats 2009. DCMud presents its annual report of what happened, and what didn't, this year in the world of commercial real estate. 

To start the year, the Coast Guard Headquarters received a thumbs up (Jan 7) from NCPC for the WDG Architecture and HOK designs. Silver Spring will get its arts venue now that the county has reached an agreement (Jan 15) with developers to swap land.  Lee Development Group intends to build a hotel, office building, and 2,000 person music hall in the CBD. Another church sold out to developers (Feb 2), as Lakritz Adler planned to build 200 apartments in place of the First Baptist Church of Silver Spring, just across the street from the library that just got going. Right next door, the county asked developers to submit bids (Feb 3) for another residential project. Progress crept forward on the purple line when the county decided to place it next to the bike trail. The Moda Vista finally took off (Nov 8). Wheaton could be transformed, now that Montgomery County Wheaton Safewayand WMATA have asked developers to submit bids (Jan 21) to control 10 sites downtown, with a B.F. Saul lead team chosen for most of it (July 29). Patriot Realty submitted formal plans (April 13) for 500 apartments above a new Safeway downtown (pictured). EYA began plans to demolish the James Bland Addition public housing project in Old Town Alexandria, which it followed through on, to make way for a mixed-income housing project, now for sale. The Takoma Theater was the subject of a showdown between its owner, who wanted to tear it down and build apartments, and the Historic Preservation Review Board, which liked it just the way it was. The District pushed forward with plans for Skyland, pushing out owners to make room for a developer, testing constitutional boundaries (March 12), even after a national trend by states to stop such practices. Middle Georgia Avenue boomed this year, while the northern and southern ends were a bust. Middle Georgia got a new restaurant (Jan 27), and a new apartment building by Chris Donatelli (March 21), now that both have started construction and are well on their way to completion, as well as a new CVS. NDC got underway on The Heights (May 24), and proposed The Vue (Dec 12). On the lower end, redevelopment of the Bruce Monroe school fizzled (Aug 10), and the planned Howard Town Center went nowhere. L'Enfant plaza retail redevelopment

Moving to downtown DC, L'Enfant Plaza stands a chance of becoming less frightening, now that a cabal of federal planners and developers are in cahoots (sort of) (Jan 29) to rebuild the '60's era mass of concrete into something less awful. Not quite ready for prime time: a 14th Street condo project in Logan Circle promised for 2009 failed to get underway in 2010, despite ongoing predictions things were "imminent". The Arts at 5th and I took one step forward and two steps back, as Donohoe Companies and Holland Development, which won the rights to develop the site in 2008, admitted they were not ready and turned the Mt. Vernon site into a parking lot (Feb 9). Holland later said (Nov 18) that they were getting "closer." Alexandria pondered how to make the King Street Metro less unfriendly to pedestrians (Feb 10). The District began a long process (Feb 12) of reshaping Dupont's underground trolley station into something useful, long after it failed as a restaurant venue. The District eventually selected an arts coalition (Oct 21) to build out the space. The Corcoran, which had partnered with Monument Realty to convert southwest's Randall School into a large apartment building, gave up the ghost and sold the project to private investors (Feb 18). Senate Square on H Street was sold at auction (Feb 22) to its mezzanine lenders, relieving New York's Broadway Development of one its DC debacles. Broadway had already defaulted on the Dumont, and soon Arbor Place, its investment in Jim Abdo's New York Ave project-that-wasn't, would also fall apart (May 14). M.M. Washington High School was given to a team of local developers who planned to turn it into subsidized senior housing (March 15), construction is expected by mid 2011. A Woodmont Triangle church has been trying to morph into an 8-story, 107-unit apartment building along with a new church, moving through approvals and looking for a partner after Bozzuto backed out (March 16). DC and the feds gave money ($7.2m from DC) to Urban Atlantic and A&R Development Corp. (March 18) for the 8.5 acre Rhode Island Station, which then broke ground May 18th. Greenbelt Station gets more hopeless by the year (March 24). H Street swelters: The Rappaport Companies got ANC approval (March 26) for Rappaport apartments and retail for lease on H Street, DCits Torti Gallas designed, 400-unit building on H Street, heating up the retail corridor just as the trolley lines are finishing up. Clark Realty broke ground on Arboretum Place (Sept 15) at the eastern end, and new supermarkets are planned for the east (Aldi) and west (Giant) ends. After years of litigation, Ed Peete's Bromptons project made a comeback in Arlington (March 27). Alexandria skyline rising: The Hoffman Company will put 1,200 new rental apartments and upwards of 70,000 s.f. of retail adjacent to the beltway in Alexandria, rising up to 31 stories (March 30). An Arlington church cleared its last legal hurdles Arlington Virginia real estate project- the Views at Clarendon(April 16) and began building the Views at Clarendon (pictured), a mixed church and residential project, which other urban churches eyed with interest (Oct 11). Arlington kicked off Long Bridge Park (April 21), its 46-acre isolated brownfield on the edge of Pentagon City that it hopes will become a major attraction. DC opened its riverfront park next to Nationals Stadium (April 27). Next door, Canal Park got underway in Southeast's Capitol Riverfront (Aug 26), a neighborhood that added more than a thousand new residents in 2010. Hopes of Utopia were raised, then deflated, U Street developer Georgetown Strategic Capital predicted imminent progress (Apr 22), then got a 2-year extension (June 26) to build his apartment building and retail project. LCOR broke ground on the Nuclear Regulatory Commission building in North Bethesda (April 28). The MBT bike trail opened a new leg in Northeast DC (May 3). Georgetown's Social Safeway reopened, newer, bigger, better (May 4), as did the Georgetown Library (Oct 14) after a devastating fire in 2007 on the same day that Eastern Market smoldered. The Cohen Companies floated plans for a large residential project at 14th Street and Virginia Avenue, SE (May 5). Brookland had a great year, breaking ground on Dance Place and Artspace, EYA broke ground (May 6) on 237 townhouses, and Bozzuto and Pritzker Realty Group partnered up to build Jim Abdo's mixed-use project (Aug 20). Abdo's other grand plan, Arbor Place on New York Avenue, got no such reprieve, and faded away (May 14). The District broke ground on Sheridan Station, a 344-unit public housing project in Southeast, hoping to cure its crime and upkeep problems (May 10), as well as a host of other affordable housing projects. Construction got underway on the Martin Luther King Memorial (May 14).Capitol Hill real estate - Louis Dreyfus to demolish historic rowhouses in DC Louis Dreyfus demolished a block of historic homes (May 20) on the edge of Capitol Hill, ostensibly to build Capitol Place, with 302 apartments, but so far have only turned it into a parking lot. Columbia Pike saw several apartment buildings open (May 23) as development of all kinds took hold, but no trolleys yet. The Loree Grand opened to residents (May 31) just after Paradigm opened its doors (May 28) as the first new housing in NoMa in a century. Archstone broke ground on more residences for NoMa (July 21), 469 apartment units (pictured, right) designed by Davis Carter Scott, on track for a mid 2012 opening. DC reached the 100th anniversary of the act of Congress that gave the District height limits (June 1). Southwest DC passed several milestones, as the Southwest station reopened (June 3) along with a new Safeway. It made nominal progress on the Waterfront (Aug 18) with its first demolition and release of early designs (Sept 30), but construction is not expected any time soon. Capitol Hill's Old Naval Hospital began the rebuilding process on its way to becoming a community center (June 10). The Monty, a long-planned Bethesda high-rise, got a new owner (Bainbridge) (July 1) and soon after got ready to break ground (Nov 5). Work got started on 1000 Connecticut Ave, designed by Pei Cobb Freed, perhaps DC's most visible office building (July 12). Post Properties got underway (Aug 9) on phase two of its Carlyle Square apartment project in Alexandria, 344 new apartments designed by SK&I Architectural Design Group. Park Morton got another public injection of cash, likely clearing the way for a large affordable housing project. Developers should break ground on the 500 units during 2011. JBG found a financing partner (Aug 15) for its 14th Street condo project, gave it a new name (Oct 27), and said it was ready to break ground this year, though that hasn't happened yet. A 42-acre parcel in Northeast was planned by Trammell Crow for a big box destination (Aug 17). Capital One proposed a more urban remake of 23 acres (Aug 19) in Capitol One Real estate project in Tysons Corner - retail for leasedowntown Tysons Corner. The Bonstra Haresign design, however, is expected to be built only a few bits at a time, if at all. A long time coming, the Howard Theater began a transformation that should help restore some if its former glory (Sept 1). The Smithsonian unveiled revised plans for the the Museum of African American History and Culture, to take up the last free spot on the Mall (Sept 3). Reston Station got underway as the public garage component began construction (Sept 6), and Comstock Partners planned an early 2011 groundbreaking on their portion, more than a million s.f. of development at the end of phase 1 of the Silver Line Metro extension. Urban planners began thinking through a full makeover of Mt. Rainier nearly a century after the city peaked as an inviting community (Sept 22). Washington Property Company started work on its 16-story residential building in Silver Spring's Ripley district, designed by the Lessard Group (Sept 29). Marriott Convention Center DC on Massachusetts AVenue After decades in the making, Marriott's development team began site prep (Oct 20) in downtown DC next to the Washington Convention Center, then broke ground on the 1175-room hotel. Equity Residential bought the plans for a Lyon Park project in Arlington and expected to break ground soon on the new apartment building and retail (Oct 5). Arlington selected Arlington Partnership for Affordable Housing as the developer of the residential portion of Arlington Mill, a subsidized residence and community center (Oct 6). In Rosslyn, the Artisphere opened, adding a touch of nightlife to the 9-5 neighborhood, a new office building and street gotRosslyn real estate:  Monday Properties building 1812 N. Moore office building underway courtesy of Skanska (Sept 18), and JBG nearly started work on Rosslyn Commons (Oct 3), 454 new units of housing. Monday Properties began work (Oct 12) on 1812 N. Moore, their speculative 35-story, 390 foot office building (pictured), what will be the region's tallest building when completed. The Davis Carter Scott-designed structure will rise above the new Rosslyn Metro station. Developers of CityCenter DC said they would be ready to fill the gaping hole downtown by next spring (Oct 22), despite the apparent lack of an anchor tenant. Paradigm Development began work on more than 400 apartments in Mount Vernon Triangle (Oct 27). Carr Properties and architects at SmithGroup came up with plans to add an office building onto the Corcoran Gallery of Art (Nov 5). The cash-strapped Perseus sold 14W to JAG, which said it could start building the 14th Street project almost immediately (Nov 24). Next door, work began on UDR's apartment building after delays and extensions (Dec 15). In the last item of note, Shaw's Progression Place started up (Dec 22), though the more meaningful O Street market got nowhere, despite an official groundbreaking (Aug 30).


Mr. Other Upper NW on Dec 28, 2010, 10:48:00 AM said...

Wow, what a fantastic recap. Thanks guys!

Anonymous said...

Glad to know there's alot more gentrification on the way, DC needs so much more construction to support the density it needs to be a real city.

Anonymous said...

This blog entry was copied in its entirety by another blog. Blogs are now blogging other blogs?? Should you blog thier blog of your blog? It will be like a television picture of a television - it will go one and on forever in to infinity.

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