Wednesday, November 04, 2009
EYA Moving Forward at Brookland's St. Paul's College
Labels: Brookland, EYA, Lessard Group, VIKA Inc.
The 237 single-family units will be built on approximately half of the 20 acres, abutting the Trinity and Catholic campuses along 5th and 6th Streets NE. The townhouses will range in sizes from 14 to 18 feet wide and including between 1,400 and 2,100 s.f., selling between $450,000 and $550,000, with 28 units set aside as affordable housing.
Jack Lester, EYA Vice President, estimated the total cost of the project will come in at a hefty $100 million. When asked about the purchase price, Lester was unwilling to disclose an exact amount but indicated that it was based on a "complicated formula;" the developer paid a fixed amount up front, with a formula for additional payments based on sales. EYA is currently under contract to purchase the property; sales and construction will start after settlement in May of 2010
EYA originally won out over a field of 12 to 15 other developers who responded to a solicitation of interest put forth on behalf of the Paulist order, which plans to retain ten acres that include the school and offices. Lester said his team bested its rivals because the property owners would be a more "sensitive" neighborh; the Paulists apparently prefer to look out on 237 townhouses, rather than commercial space or a residential property with more build out.
Lester added that with all of the "exciting things happening" in the area, EYA was glad "to be part of the vibrant community."
Thursday, September 24, 2009
Down the Rabbit Hole at National Park Seminary
Labels: EYA, Struever Bros Eccles and Rouse, The Alexander Company
A surreal, 32-acre conservation area is the setting for 280 new and rehabbed residences culled from an international showcase of homes - think Swiss mountain lodge next to Dutch windmill, astride American colonial. Shopping for a Japanese Pagoda? Yes, but you will have to wait, Alexander is still using it as office space.
The beltway-hugging Silver Spring site includes new townhomes, historic condominiums, rental apartments and historic single-family homes, formerly an elite girls finishing school and the United States Army quarters (an exemplar of mixed-use). The land extends to I-495 and a few new townhomes have back porch access to Rock Creek Park. The nearest metro, Forest Glen, is about a mile from the site, so residents working in DC will be stuck commuting up 16th street, the most direct route to downtown.
The Seminary has an interesting recent history as well: having identified the property as surplus, in 2001, the U.S. Army tried to raze the historic structures, but local preservationist Save Our Seminary banded together to prevent the historic loss. The federal government then turned the land over to Montgomery County, which selected Alexander as the developer in 2004 after a competitive RFP. Alexander, both the developer and architect, worked with EYA as a local partner for the new construction and hired Struever Bros. Eccles & Rouse as general contractor. The historic preservation is valued at over $150 million, which Alexander hopes to offset through sales of the new construction.
Dan Peters, Director of Communications for Alexander, highlighted the unique buying opportunity of historic units, "not one of the condos or apartments has the same floor plan...the site is the most unique residential development in the country." No argument here. The single-family historic homes designed to look like international dwellings and the hodgepodge designs of the condos are unexampled, one part World Fair, one part Alice in Wonderland. Interspersed are the mostly-standard townhomes of EYA - generally the epitome of architectural sameness at home in any suburban cul de sac, for one of the most eclectic juxtapositions outside of a museum.
Since sales began in January 2006, all but 4 of the 90 new EYA townhomes have sold and the 66 historic rental apartments are fully leased, though only 20 of the 50 historic condos, which began delivering in late 2007, are spoken for at present. Only two of the historic single-family homes have sold so far.
The one, two and three-bedroom EYA townhomes range from $400,000 to $900,000. The 90 new townhomes and courtyard homes feature Spanish Mission, English Tudor, and Arts & Crafts architectural styles.
With only 4 new townhomes left for sale, buyers may want to fix their gaze on the condos or the historic single-family homes. The condo, pictured at right, features stained glass throughout, a lofted bedroom and reportedly sold for nearly $1.5 million. The first phase of historic condos is just about entirely complete and the second phase, which will tackle historic buildings including the gymnasium, the stables, the servants quarters and carpenter's shop, is set to begin in spring of 2010. Peters indicated construction would take between 12 and 18 months to complete.
Peters notes that historic single-family homes will demand a knack for historic preservation to meet the county's standards. Though to date only two of the homes have sold, the developer was optimistic that sales of historic condos would pick up with the progression of construction - a benefit of selling a concept versus a finished product. But with an entire phase of construction remaining, buyers may still need an active imagination.
Tuesday, August 18, 2009
Capitol Quarter's LEED Silver Townhomes Open Next Week
Labels: Capitol Riverfront, DCHA, EYA, Lessard Group, Navy Yard
The construction, which began in mid-2008, proceeded in two Phases, the first covering four blocks, the second covering the remaining three blocks. Phase I should be completed in May of 2010 according to Jennifer Hebert, Director of Marketing for EYA. This first phase consists of 77 market-rate townhouses, 36 work force homes, 39 public housing rentals, and 8 Housing Choice Voucher (HCV) units. Only the market-rate and workforce homes are LEED for Homes certified. For Phase I, 53 of the 77 market-rate townhomes are sold (22 are settled), all 36 workforce homes are sold (7 are settled), and Hebert indicated the District of Columbia Housing Authority (DCHA) has been filling the rental units as quickly as they can be built. Phase II will begin after Phase I is complete and EYA expects Phase II to finish some time in 2012.
DCHA, DC Mayor Adrian M. Fenty, and EYA will attend the ribbon cutting ceremony scheduled for Wednesday, August 26 at 10:00 AM to celebrate the first occupancies in the neighborhood. Capitol Quarter was developed through a public/private partnership among the US Department of Housing and Urban Development, DCHA, the District of Columbia government, Forest City, Urban Atlantic and EYA. According to Michael Kelly, DCHA Executive Director, DCHA and EYA have committed over 40% of labor contracts for the construction work to local and small businesses.
The two, three and four bedroom units were designed by Lessard Group. Each home has ENERGY STAR appliances and other green amenities, such as high-efficiency cooling units and low flow plumbing fixtures. The market-rate townhomes range from $635k to the mid-$700s. The workforce homes were sold in two releases; the first ranged between $295k and $350k and the second ranged from $350k to $450k. Finally, the rental unit rates are set by DCHA, but generally ask the occupants to pay 30% of their income towards rent.
Saturday, August 15, 2009
Alexandria Workforce Housing Opens Sales Today
Applicants must live or work in Alexandria, and qualify as a first-time homebuyer with an income of less than $71,900 (for an individual) and less than $102,700 for a family of 4. The project is located between Mt. Vernon Avenue and W. Glebe Road - in the words of the developer, "walking distance to countless restaurants and shops."
The 18 new townhouses being offered are part of 102 units of new and converted housing that EYA is building at the site.
Monday, August 03, 2009
New Public Housing and Mixed-Income Units in Alexandria
On the 800-block of West Glebe Road, 48 new apartment homes will replace out-of-date public housing. On the 900-block of Old Dominion Boulevard the developer plans to rehabilitate two apartment buildings and construct a new apartment building and 18 for-sale homes, for 54 units. Ten of the for-sale homes will be targeted for workforce families. "The combination of rental and homeownership units will assure the continuing affordability of housing in Alexandria,” said ARHA Executive Director Priest.
According to Jennifer Hebert of EYA, two or three-bedroom workforce homes (pictured above, right), ranging in size from 1,024 to 1,416 s.f., will be priced from the low $300s, with a financial subsidy from the City of Alexandria to the buyer. The planned two or three-bedroom market-rate townhomes (pictured at left), ranging in size from 1,920 to 1,944, will be priced from the upper $400's.
Monday, June 29, 2009
Ballpark: Build It and They Will Come, They Might Even Stay
Labels: Ballpark, Capitol Riverfront, EYA, jpi, new apartments, new condos, new homes, Southeast
Wednesday, January 28, 2009
EYA Paints the Town Green in Southeast
Labels: Capitol Riverfront, EYA, LEED, Lessard Group, Southeast
“It’s been our intention all along to select an organization that we could partner with and meet agreed upon standards that would certify ‘being green,’ if you will,” said Andy Warren, EYA’s Chief Operating Officer. “It’s an emerging area and some builders are just doing kind of silly stuff…and calling it green. We felt the perfect thing to do was to find some sort of third party that was recognized and public in the industry as a valid resource to define what is and what isn’t green.”
Per a statement released by the developer, EYA intends to use the Capitol Quarter project as a “model for volume builders on how to implement LEED for Homes on a larger scale.” They’re even pushing their eco-friendly ethos one step farther by including Energy Star-branded appliances and windows in the homes, along with a host of other green chic features like high efficiency cooling units and low flow plumbing fixtures. According to Warren, the modifications will represent only a modest increase in cost over their typical construction practices, as the development team had always intended on utilizing some aspects of sustainable design for the Capitol Quarter - with or without LEED certification.
“I think frankly if you were going from the minimum code requirements to the standards that you need for LEED for Homes and Energy Star, the cost would be very significant. For us, it’s more the magnitude of several thousand dollars, as opposed to the maybe tens of thousands of dollars you’d have to spend otherwise.”
At present, the Capitol Quarter project is slated to deliver approximately 137 market rate townhomes, 75 workforce housing townhomes and 86 public housing units to the burgeoning Capitol Riverfront quadrant of Southeast – well within walking distance of the Navy Yard Metro, the Nationals home turf and a bevy of similarly scaled (re)developments, such as Forest City’s Yards project . The Capitol Quarter’s public housing component - built in conjunction with District of Columbia Housing Authority – will not, however, bear the same LEED certification as its ballpark brethren.
“That is primarily due to the significant lead time that was involved in putting the plans and specs together for the city,” said Warren. “Those decisions were made more than a year ago and to change that just wasn’t feasible, but some same elements and construction techniques that we used on the for-sale units will carry over.”
EYA currently projects an April or May 2009 delivery for the first batch of Lessard Group-designed rowhouses at Capitol Quarter; all construction is expected to be complete by the fall of 2010. The market rate units are currently available for pre-sale, with prices starting at $630,000.
Saturday, January 24, 2009
Drinking Deep at the McMillan Sand Filtration Plant
Labels: Bloomingdale, EYA, jair lynch, Lessard Group
Tuesday, January 06, 2009
Post Park Coming Soon to Post-Hyattsville
Labels: EYA, Hyattsville, Niles Bolton, PG County, Post Properties
Located on a 7-acre parcel just off of MD 410, Post Park will be a serious addition to the Prince George’s County market – especially along the busy thoroughfare known more for its drive-thrus and strip malls than big ticket residential properties. The developments primary building will measure in at 466,700 square feet and four to five stories, for a total of 364 new residential units. 1750 square of retail space will occupy the building’s ground floor, while a 544-space parking garage will serve residents only (and not patrons of the Prince George’s Plaza Metro Station just 1600 feet away).
Post has dubbed their units “apartment homes” and will be offering, in "late 2009," finishing touches like stainless steel appliances, granite countertops, ceramic tile floors, high ceilings, and access to the in-house fitness center and swimming pool to prospective residents. Per a request from the Prince George’s County Planning Board (PGCPB), the developer will also be constructing an 8,000 square foot plaza at the intersection of East West Highway and Toledo Terrace and include a connection to the neighboring Northwest Branch Stream Valley Park – one that according to PGCPB “will contain little or no transition to the park and…make the park an amenity for [Post Park] residents.” Niles Bolton Associates is handling designs for the project, while Clark Builders Group is serving as general contractor.In a move similar to EYA’s intentions for the township, Post - in tandem with the Hyattsville Community Development Corporation (HCDC) - is currently accepting submissions from local artists interested in contributing to the project’s public arts component (and the more they stand out against their Home Depot backdrop, the better). Any and all entries are due to Stuart Eisenberg, Executive Director of the HCDC by January 16th.
Prince George's County real estate development news
Thursday, November 13, 2008
Hyattsville Hanging in There
Wednesday, October 08, 2008
Alexandria Low-Income Gets Mixed-Income Makeover
The Alexandria Redevelopment and Housing Authority (ARHA) and EYA Development Inc. have filed for the permits needed to move ahead with their proposed redevelopment of Alexandria's James Bland Public Housing Project.
Following the demolition of all 194 units that currently occupy the site, the development team hopes to install a radically different housing development that will promote "mixed-income communities." Shooting for a 65/35 ratio of market-rate to public housing, the new James Bland will consist of 159 townhomes and 86 multi-family units on the upscale end, and 72 townhomes and 62 multi-family units on the affordable side. The same ratio will be maintained throughout each block of the five block development - with no separation by income type.
Other components of the redevelopment include a new, 13,800-square foot park at the intersection of Alfred & Montgomery Streets – intended to cater to the expected influx of families with children, and to serve as a link to the new Charles Houston Recreation Center. A second, 7,800 foot park has also been proposed at the corner of First Street.
The $55 million project will be drawing its funds from AHRA’s sale of the Glebe Park public lots to EYA - whichs plan on beginning construction at that site next month - and Virginia low-income housing tax credits. The plan proposes that 44 of the 194 public homes at James Bland then be relocated to the Glebe site upon completion. The builders plan on offsetting the environmental effects of the construction by aiming for LEED certification – the grade has yet to be determined – and recycling as many building materials from the old structures as possible. The development team has also pledged to use designs that are in keeping with the greater aesthetic of the Parker-Gray neighborhood.
The developer plans five phases of construction, with the build-out expected to commence in November, 2009. The buildings on the 8.49 acre site were originally erected in 1945, and converted in public housing by the AHRA in 1987. The development team received approval for demolition and for their preliminary concepts on September 24th. The project still awaits approval of special zoning and special use exceptions needed to bring the development to fruition.
Wednesday, October 31, 2007
Razing Begins Monday on Old Capper Site
Labels: EYA, Forest City, Mid-City Urban, Shalom Baranes, Southeast
Tuesday, October 30, 2007
Brookland Eyes 10 Acres of Development at St. Paul's
Labels: Brookland, EYA, Lessard Group, VIKA Inc.
The property, abutting the Trinity and Catholic campuses along 5th and 6th Streets, will be fed by extensions of Jackson and Hamlin Streets, and will house three and four story town-homes of two distinct design styles: a minority of the structures will feature gothic architecture matching the existing college building, while a vast majority are said to be in keeping with the design features reminiscent of the surrounding Brookland neighborhood. About 10% of the housing will be devoted to low-income households. Along with the homes, EYA has discussed constructing sidewalks along existing streets as well as building passive parks and courtyards to beautify the residential landscape.
The next step for EYA and the Paulist leadership is to appear before the entire ANC commission towards the end of this year. ANC 5C representative Silas Grant has met with the members of the community multiple times, but according to sources close to the process some people within the community feel that the construction and heightened traffic density could cause problems. Still, others see the single family homes has having a positive effect on property values for the community as a whole.
The P.U.D. was submitted in September and if all goes as planned it should be ratified late in 2008, putting EYA on schedule to break ground in the first quarter of 2009. Once the P.U.D. is approved, EYA will open up the bidding to contractors, although the Virginia based Lessard Group has already been chosen as the acting design architect and VIKA Inc., located in Maryland, has been designated as the project engineer.
Washington DC real estate development news
Tuesday, October 09, 2007
Official Ground Breaking at Park Potomac Place
Labels: EYA, foulger-pratt, new condos, SK and I Architects
Friday, April 28, 2006
Hyattsville "Arts District" Community Moves Ahead
The run down auto-oriented strip is intended to become a "walkable" community, essentially incorporating its own town center by concurrently developing both the residential and retail in one project, with the Lustine showroom being converted into a gallery, community center and gym. EYA’s recent projects have included similar large scale residential development in Potomac, MD and near the National’s new stadium in Washington DC. Smart Growth Alliance awarded the development its Smart Growth Award in 2005.