New Project to Add to H Street Corridor

Thanks to small and not-so-small developments along H Street, the once troubled area is enjoying a renaissance and rejuvenation. 301 H Street, NE is the site of the newest project along the H Street corridor.  Located across the street from completed Senate Square and 360° H Street - Steuart Investment Company's project to build a Giant supermarket and apartments now underway (pictured, below) - 301 H Street is a smaller piece of the development puzzle.

The original lot, pictured above, has 5000 s.f. available for multi-family and retail. Capital City Real Estate shared that although they are still in the permitting and design phase, they plan a mixed-use building with 20-plus condominium units and ground floor retail and/or commercial space. They may also build commercial units available on the second floor and basement.  Permits have been submitted to DCRA detailing the project plans. According to Anthony Bozzi, of CCRE's brokerage company, "the project is still so new and delivery is at least a year out."

Washington D.C. real estate development news

Part of Kelsey Gardens Redevelopment Moves Forward

A couple of highly anticipated commercial developments in Shaw - CityMarket at O, Addison Square (Kelsey Gardens redevelopment) - have been stalled due to a lack of financing, caused by a delay in receiving loans from the swamped U.S. Dept. of Housing and Urban Development (HUD).  But a break-off-piece of Addison Square will now go forward, with the land in control of a new owner/developer. 

Twelve townhouses, formerly a part of Addison Square, will be built at 8th and P St, NW (751 P Street) by Capital City Real Estate (CCRE), which bought this part of the PUD from Metropolitan Development in March. The project consists of six 2-unit townhouses, for a total of 12- 2bed/2bath units, each around 1100 square feet. Anthony Bozzi, of CCRE's brokerage company Stages Premier Realtors, confirmed that construction will be underway soon, and sales will begin next spring, with a price point aiming for $500,000 per unit. Bozzi added that the project will come across visually like a string of rowhouses, retained from the original Lessard Group design. Though there is no parking designated at each unit, townhouse owners will have the option to buy a spot in a garage that will be built whenever the rest of the Kelsey Gardens redevelopment moves forward, but exactly when that will be is unknown. Metropolitan had hoped to sell the entire PUD back in March of 2010, however developers can now pick it up piecemeal, or investors can align with Metropolitan Development, who has the property listed for sale.

Washington D.C. real estate development news