Today in Pictures - JBG's District Apartments

JBG announced in January of 2011 that it was moving forward on District Condos, which later became District Apartments, with new partner Grosvenor.  The pair started work a few weeks later on their 125-unit, Shalom Baranes designed building, on Logan Circle's trendy 14th Street.

18 months on, the project is nearing completion.  JBG incorporated the former AIDS clinic at the southern end of the lot for additional retail that will wrap around the corner of S and 14th Streets. The Chevy Chase developer teamed with Toronto-based Cecconi Simone Inc. for interior design, in a building that will have smallish, mostly 1-bedroom apartments.  Occupancy is expected to begin around the end of the year.

Washington D.C. real estate development news.  Photos by Rey Lopez

District Condos Construction Monday

While the rest of the real estate world is still rubbing its eyes and trying to take stock of 2011, development work is racing ahead in some quarters. Take JBG, for instance, which let fly yesterday that it would start building Rosslyn Commons in two weeks, and today said that it and partner Grosvenor are starting work on their other high-visibility condo project - District Condos - on Monday.

A source within JBG says groundbreaking for the 125-unit, Shalom Baranes designed building, is in fact scheduled for Monday on Logan Circle's trendy 14th Street. JBG will also incorporate the former AIDs clinic at the southern end of the lot for additional retail that will wrap around the corner of S and 14th Streets. The Chevy Chase developer has teamed with Toronto-based Cecconi Simone Inc. and local retailer Vastu for interior design and finishes, respectively. Unit sizes will trend smaller than might have

been built a few years ago, with a preponderance of 1-bedroom condos, respecting the more conservative outlook (fiscal, of course) of the average buyer in the neighborhood, where turnover of small units tends to be quick even at a more pricey range than is found in adjacent neighborhoods.

JBG had earlier predicted that construction would commence at the end of 2010, and the site still has to be cleared of the buildings that are not being preserved, putting delivery well into 2012. Sales are expected to start sometime in the late spring.

Washington D.C. Real Estate Development News

JBG and Grosvenor Unveil Name for 14th & S Condo Project

In an unparalleled combination of simplicity and genius developers at JBG and Grosvenor have titled their much-talked-about, seven-story condominium project set for 14th and S Streets NW District Condos! Today that name was officially christened. And while no champagne bottles were smashed over the corner of Whitman Walker Clinic, suits and ties from the development world, as well as Jack Evans and one well-recognized Jim-Graham-bow-tie, gathered earlier today to celebrate the newly-named 125-unit residential building and its impending groundbreaking (which is expected in just a couple weeks).

While the name might be a smidgen on the unimaginative side, the building's design, interior, and amenities will be nothing short of state of the art. Architects from Shalom Baranes designed the sleek and modern "glass and terracotta facade with balconies and terraces," while Cecconi Simone Inc. have been tasked with selecting the interior finishes, as well as designing the unit layouts, common areas, and amenities. JBG and Ceconi Simone have also teamed up with local retailer Vastu to stylishly furnish the common space and model units. Condo buyers wanting to add that modern-chic flare to their newly purchased units will have the option of employing the style-genius of Vastu and their product lines.

By tapping into the rich historic preservation experience of Shalom Baranes, and with much appreciation from former Whitman Walker Chairman and now Ward One Councilman Jim Graham, the beautiful brick facade of the former AIDs clinic will be improved, preserved, and incorporated into the new building. Although specifics weren't provided, Graham said he was more than pleased that JBG's project will honor and commemorate the hundreds of brave District residents who volunteered and were treated at the facility during the horrible AIDS crisis of the 1980s and '90s.

In addition to the indoor gym and the rooftop terrace, featuring outdoor living rooms, a kitchen, bar, fire pit, fountain, and sundeck, the building will also offer an additional 18,000 s.f. of retail. And with most of the vacant storefronts on 14th Street being pasted one by one with Zoning permits signaling the newest restaurant in line for the area, there is likely to be no shortage of interested tenants by the time construction is completed in the Spring of 2012. Potential buyers can "register" beginning today and actual sales will start sometime in the Spring of next year.

Washington D.C. Real Estate Development News