Showing posts with label Esocoff and Associates. Show all posts
Showing posts with label Esocoff and Associates. Show all posts

Monday, November 26, 2012

Demolition and Preservation at Former Chinese Embassy

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Drive by the former embassy of the People’s Republic of China on Connecticut Avenue and you’ll see an interesting sight: a building façade propped up by an elaborate set of braces, next to another building undergoing wholesale demolition.
Much demolition has already occurred. But the facade is being preserved as part of the Sheridan-Kalorama Historic District, and will be incorporated into a new building on the site that’s been designed by Esocoff and Associates.

While the embassy proper decamped for Van Ness Street in 2009, the new Connecticut Avenue building will serve as the embassy’s residential and consular building, containing 136 mostly two-bedroom apartments for diplomatic staff, and some office space.

The original embassy was actually composed of two distinct but connected buildings. The more historic structure at 2310 Connecticut Avenue was built in the 1920s, and its façade is the one that’s being salvaged. The other structure, at 2300 Connecticut, was the hulking, largely unadorned building that most observers remember as the Chinese Embassy. It started out in the late 1940's as a hotel, but was turned into an embassy after Nixon’s visit to China in 1972.

Now, most of the latter building is being reduced to rubble. “I think one of the reasons we had unanimous community support was that removing a building that unappealing was a mitzvah—a good deed,” explained Philip Esocoff, adding that demolition of the newer building should be complete by the end of 2012.

But the older building has a different, more delicate story.  Braces have been utilized to preserve the two outside walls and strengthen them against wind while the building’s interior is removed. “We will cut away at the wall behind it, but we’ll have to do it carefully, by hand,” said Esocoff. “That’s a particular kind of process, saving a front wall: you don’t want to rip the building down inside because it might pull something off.”

Esocoff rendering of the new building's facade
Esocoff said the workers—part of Clark Construction team, unlike the previous Chinese construction crew in Cleveland Park —are salvaging some of the old bricks and ornamental metal balcony railings, which will be incorporated into the new structure. Though it will include an interior courtyard, the new building will fill in some of the empty space that lay above the old edifice's lobby and will therefore be largely the same size as the original set of buildings.

“I think it’ll be a very well-constructed building, a little higher quality than we might do on a standard apartment house because they plan on being there forever. It’ll be institutional grade,” said Escoff. “And this will really improve the vista as you come down from the bridge.”

Groundbreaking will occur after the first of the year, with the first step being an excavation of the property’s lower levels to include a parking garage.

Washington, D.C. real estate development news

Tuesday, September 11, 2012

D.C. Zoning Commission Votes on Hine Redevelopment, Final Decision Still to Come

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Anyone who thought last night’s Zoning Commission hearing would be the final word on the Hine School redevelopment project’s longstanding PUD and map amendment efforts was surely disappointed.

Representatives from Stanton-EastBanc, the development team for the Capitol Hill mixed-use project, as well as from the architecture firm behind the project, Esocoff & Associates, gathered in front of the Zoning Commission, joining a range of neighbors largely opposed to the project in its current form. But the commission failed to vote on the project, opting instead to gather more information from the developers and reconvene on October 15th for a final decision.

The meeting, which was closed to comments, came on the heels of some fifteen hours of Zoning Commission hearings that occurred in June and July. During those meetings, civic groups and concerned citizens presented their concerns about the future of the Eastern Market flea market and worries that the project included too little open space for the community. Questions about the project’s north building, which is slated to include only subsidized housing, also arose.

In mid-August, the development team submitted an 81-page final PUD order that responded to many of those complaints. New elements include better design of the north building; description of a compromise that has been reached with Eastern Market’s flea market managers, allowing vendors to use an additional street for the weekend market; and details about a 46-point memorandum of agreement between the developers and the area’s ANC commissioners which, among other things, would limit the project’s retail elements to specifically commercial streets.

During last night’s hearing, the commissioners leafed through the document. “There are a lot of improvements,” said Commissioner Turnbull. “I think the pluses outweigh the negatives.” Still, he had concerns about waste removal and the project’s loading docks, while Chairman Hood questioned whether the project might eventually cause debilitating traffic problems in the area.

In the end, the commissioners voted unanimously to ask the development team for more information on a handful of points, including details on how 55-foot-long trucks will serve the project’s south building, how garbage pickup will occur in the alley north of C Street, and a revised floor area ratio calculation that doesn’t include C Street. The developers have until September 24th to respond.


While the development team was largely satisfied with the hearing, many neighbors left unhappy. “I thought [the commissioners] would do more,” said Ivan Frishberg, the 6B02 ANC commissioner. “I thought they’d ask for more in terms of the structure and design of the building.”

Washington, D.C., real estate development news

Monday, August 27, 2012

Brookland's Colonel Brooks' Tavern Demolition Within the Month

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Washington DC real estate development newsDespite significant pushback from some locals, Colonel Brooks' Tavern in Brookland is scheduled for demolition in the next month, marking the end of one of the neighborhood's most recognizable landmarks.

"We anticipate the raze permit coming in the next thirty days," said David Roodberg, President at Horning Brothers.  (The application was filed on August 7th.)  "Of course, it could come sooner.  At this point we're thinking about when we're going to do the work.  We'll probably raze in October and then start in immediately on construction, which should take about two years."

The five-story project at 901 Monroe Street slated to replace the tavern will feature 220 residential units over five stories.  Jointly developed by Horning Brothers, The Menkiti Group, and owner Jim Stiegman, the Esocoff and Associates-designed project is said to be designed to blend in with the neighborhood's brick townhouse aesthetic, and will offer 12,000+ s.f. of ground floor retail space.  (And thanks to an agreement with the ANC, these commercial spaces will be leased to small- to medium-sized stores.)

Esocoff designed project in Brookland to replace Colonel Brooks Tavern, by Washington DC based Menkiti Group

The project has had a sometimes-rocky road to fruition, though, as community groups feared the new building would usurp the intimate scale of Brookland's commercial strip.  In deference to these concerns, developers revised their plans to shrink the new building's footprint by 12%, reducing its footage down to 197,000 from an original estimate of 220,000 s.f.  The development will also create 150 below-grade parking spaces and 66 bicycle parking spaces, as well as much wider sidewalks, thanks to 15-foot setbacks.

architectural plans for the Brookland real estate development in Washington DC
While the tavern will certainly be missed, tavern owner Jim Stiegman has said that business dried up after the tragic robbery/murders in 2003, essentially forcing him to sell.  Rumor has it that Stiegman proactively approached the Menkiti Group about development, and that Horning Brothers were brought in shortly after.

Brookland has seen a surge of development as developers woke up to the potential of a walkable, small scale neighborhood in such close proximity to transit and Catholic University.  The 901 Monroe project follows on the heels of Bozzuto's $200 million Monroe Street Market project that broke ground in late 2011.

Washington D.C. real estate development news

Friday, August 24, 2012

Clarendon Project Underway

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Clarendon is on its way to getting yet another apartment building. Zom Inc., which is developing USAA Real Estate's parcel at 1200 N. Irving Street in Arlington, finally began construction earlier this month on a 10-story apartment building with ground floor retail that will front both N. Irving Street and Washington Boulevard. The project was designed by Esocoff & Associates.

Formerly known as The Waverly at Clarendon Station, the development has now been christened The Beacon at Clarendon West, according to Greg West, chief development officer for the Florida-based Zom. "We’ve revised the design and rebranded the project," he said.

The company's original condo concept is off the table. Instead, the project will include 187 one- and two-bedroom units averaging 850 square feet, each with de rigeur hardwood floors, granite countertops and stainless steel appliances. About half will have balconies, and a rooftop pool is included in the package.

The building will have "a very unique and interesting radius shape," said West. In part, that curvilinear facade is designed to take advantage of the lot's outline. On the ground floor, lining both N. Irving Street and Washington Boulevard - but not the corner itself - will sit 17,000 square feet of space designed for retail. Zom has hired Asadoorian Retail Solutions to fill the spaces, but West claims the development partners have not decided on a specific mix of types. "We have a lot of flexibility as to the size and variety of what we can take," he said. "We just want to find the best tenants who will provide a good amenity value to the building."

Construction of the project, which is being done by Donohoe Construction, is beginning with a major excavation to make room for two floors of underground parking. The development, which will incorporate an historic facade that’s still on the property, should be finished in about two years.

The site, located two blocks from the Clarendon Metro station, has a fairly long history. Zom bought it from Faison in 2006 but the property lay empty for several years. In 2011, USAA bought the property and is developing it together with Zom.

The partners are also involved in a second Arlington venture, located at 1919 Clarendon Boulevard in Courthouse. The Clarendon Boulevard project, which is also currently under construction, is similar to the N. Irving Street one: although it's five stories rather than 10, the development includes 191 high-end apartments and another 17,000 s.f. of ground floor retail. Asadoorian is screening tenants for that property as well. "We'll be selecting retailers soon," said West.

Arlington Virginia real estate development news

Thursday, April 26, 2012

HPRB Hears Hine Project Changes

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Changes to the Hine Project, such as reducing the height of a penthouse, improving transitions and adjusting facades, helped resolve some issues for the Historic Preservation Review Board, which voted today to approve a staff report recommendation that concludes "the revisions improve the compatibility of the conceptual plan and (are) consistent with the purposes of the preservation act."

The Board last approved a concept review for the development effort at the old Hine Junior High School Site near Eastern Market in August, at which time Board members offered guidance for further plan development.

Architect Amy Weinstein, a principal at Esocoff and Associates/Weinstein Studio, presented the revised plans and explained the changes to the Board, many members of which were not part of the initial concept review.

Changes include:
  • The alley side of the residential building on C Street was redesigned using different materials to set apart the base, core and top of the building similar to the front design.
  • New design features throughout the development include panel brick ornamentation, rolled coping in cast stone and copper, and bridged bay projections.
  • The 5-story piece on 8th Street transitions to the rest of the building with rolled edges and varied materials.
  • At D Street and Pennsylvania Avenue, the bays are extended and bridged to connect the retail spaces.
  • A larger setback and reduced height moves the penthouse above the office building at 7th Street and Pennsylvania Avenue farther out of view.
  • Twisted brick columns were added to the windows and clustered at the corner of 7th Street and Pennsylvania Avenue.
  • The plaza component at 7th and C streets now has more of a "late Victorian vocabulary."
7th Street
Although the Board did approve the staff report, members voiced concerns with the project.

Recommendations for continued development included more attention to the C Street alley design, reconsidering the water feature, looking at ways to better transition from residential to office space, and - this being DC - reducing building height.

Stanton-EastBanc team is developing the site, Oehme van Sweden is the landscape architect.

Washington, D.C., real estate development news


Thursday, March 01, 2012

JBG's Woodley Park Residential Tower Reborn as 2700 Woodley

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JBG plans residential building designed by David M Schwarz Architects in Woodley Park
Construction on The JBG Companies' long-planned DC Real Estate: JBG plans residential building designed by David M Schwarz Architects in Woodley Parkresidential tower in Woodley Park, just east of the Marriott Wardman Park, is well underway with excavation nearly complete, and the project - formerly known as Wardman West - has been rebranded as 2700 Woodley.
Upon completion (delivery is anticipated in Q1 2014), the upscale David M. Schwarz Architects-designed tower will offer 211 rental residences. Ongoing speculation has centered on whether the project would be condos or apartments, and it turns out that developers have decided to go the "premier apartment community" route, a savvy decision considering the almost complete absence of new high-end rentals in the immediate area. Matthew R. Blocher, Senior Vice President at JBG, said a full-scale marketing campaign will launch in the fall. (Possibly from New York-based SeventhArt?)

DC retail and construction news: JBG plans residential building designed by David M Schwarz Architects in Woodley ParkA new rendering acquired by DCMud (top) shows a building structurally similar to the Esocoff-designed concept depicted in the earlier renderings (below, right), but with a vastly different, and more attractive facade. Whereas the previous design verged on minimalistic (if not outright post-Soviet Eastern Bloc), the new facade is more texturally interesting, and much more in keeping with the character of the nearby hotel.
While the 2700 Woodley tower will likely be successful, the building also represents something of a defeat for JBG. After buying the nearby Wardman Park hotel and its 16-acre parcel for $300 million in 2005, JBG and partner CIM planned to convert the hotel into residences, in addition 2700 Woodley planned apartment building by JBG in Washington DCto building the new tower. Marriott objected, the project stalled, and then the recession hit. The project lay dormant for some years before resurfacing in seemingly unrelated litigation between JBG and Marriott over a new Marriott hotel at the Washington Convention Center. After a JBG-affiliated entity filed suit to block construction at the Convention Center, a Marriott countersuit claimed JBG's suit was a mere tactic to force them to renegotiate regarding the Wardman Park hotel. JBG denied this, and eventually all suits were dropped.

Regardless of what it was really all about, the Marriott Wardman Park, the city's largest hotel, and onetime home to three former U.S. presidents (I'll buy you a drink if you can name all three without looking on Wikipedia), continues to operate, even as construction kicks into high gear just to the west.

Washington D.C. real estate development news

Thursday, January 26, 2012

Chinese Ready to Take Out 2300 Conn. Ave

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The embassy of the People's Republic of China received an OK last week from the District's Historic Preservation Review Board to finally demolish its aging residential and office building for embassy staff at 2300 Connecticut Avenue.

As part of its weekly reviews of raze permits, the HPRB said Jan. 20 that the 200,000 square foot, 8-story brick building was clear for demolition.

The building, formerly the 1940's-era Windsor Park Hotel, was purchased in the early 1970's just as diplomatic relations between the U.S. and the PRC began warming after President Richard Nixon's historic visit in February 1972.



Esocoff & Associates, which has also designed 400 Mass. Ave and the Dumont, is the architect for the new embassy staff residential building, (pictured, above) which is expected to be completed in 2014.

The new Chinese embassy (pictured, left), designed by famed architect I.M. Pei, moved to its new location at Van Ness Street and International Drive in April 2009.

Clark Construction Group LLC of Bethesda is listed as the contractor for the demolition, according to the permit. The construction of the Chinese embassy using imported labor in 2008 led to some grumbling among the building trades about not using American hard-hats, though embassy construction is usually performed by the resident country's workers for security and diplomatic reasons.

Washington D.C. real estate redevelopment news.

Wednesday, December 14, 2011

Brookland Mixed-Use Project to be Reviewed by Zoning Commission, Finally

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Shortly after the first of the year, the Zoning Commission will finally review the Planned Unit Development application for 901 Monroe Street, a 220-unit apartment building with 12,700 s.f. of street-level retail, running the length of Monroe between 9th and 10th Streets.

As the Washington Examiner reported this past spring, the "hotly contested development project" was, as of last March, "deemed too controversial by a city zoning panel to move forward just yet." A hearing date has now been set for January 19th.

The joint development team - The Horning Brothers, The Menkiti Group, and property owner Jim Stiegman - will once again attempt to move forward, with the aim being to follow close behind the 9-acre, mixed-use Monroe Street Market, a $200-million transformation south of Catholic University that broke ground last month. "We're excited about [901 Monroe]," said CEO and president of Horning David Roodberg. "It'll be a nice connection to Abdo and Bozzuto's development [Monroe Street Market] on the other side of the metro tracks."

Eventually, Brookland will become "a metro-accessible destination in itself," believes Roodberg, highlighting the continuous frontage of street-level retail bays included in 901 Monroe that will seamlessly connect to the retail corridor running through Monroe Street Market (site plan at left).

Of course, some fear that the quantity and scale of new residential and retail development in the area will render Brookland unrecognizable in coming years, while others argue that's not a bad thing.

A notable aspect of the development is that the site is a 60,000-s.f. area (below, in yellow) currently fringed with several small buildings, both commercial and residential, including a long-standing local pub, Colonel Brooks' Tavern.

The tavern's owner, Jim Stiegman, started down the path to develop, back in 2006. Last year he told the Washington Business Journal that the beginning of the end for his watering hole was in 2003, when the tavern was the victim of a bungled - and horrific - robbery on Palm Sunday that left three employees dead, and his business debilitated.

It's believed that Stiegman approached the Menkiti Group with the idea to develop, and The Horning Brothers were brought on board soon after.

Eight years later, a PUD is ready to be reviewed, and once approved, the development checklist will begin: construction documents, permits, and financing, confirmed Roodberg. If zoning approval is swift - if - construction could begin as early as the fall of 2012, said Roodberg, with delivery in 2014.

Designed by Esocoff & Associates, the building has already made some concessions, including the loss of 12 percent of its density, down to 197,000 s.f. of gross floor area (from just over 220,000 s.f. sought in the initial 2010 design). The zoning application proposes somewhere between 205 to 220 residential units, mostly 1 bed/1 bath, 150 parking spaces below-grade and 66 bicycle parking spaces. The development will also create wider sidewalks through 15-foot setbacks around the property. The architecture also bears an uncanny resemblance to the Whitman Condos (see picture below), one of Esocoff's recent residential projects.

Alternatives for community benefits offered through the project include the creation of a community park on the west side of 9th Street, on property owned by DDOT and WMATA. Developers say they "found those agencies to be receptive to the idea of a community park" due to the area's shallow depth (limiting potential uses), as it's hemmed in by WMATA/CSX train tracks.

The Brookland business community has also been gunning for "significant sign pylons welcoming people to Brookland, heavy duty mounted poles and banners advertising the Brookland commercial area, potential art/sculpture in public space, the installation of six Metropolitan Police Department cameras, enhanced landscaping and various public space improvements."

The pre-hearing statement for the PUD was filed in October, and all 147 pages are available for late-night reading.

Washington D.C. real estate development news

Friday, December 10, 2010

Akridge's Half Street Half Way There?

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DC real estate news
Since Washington Metro Area Transit Authority (WMATA) did its best King Solomon impression, dividing its Southeast Bus Garage properties in half for two quarreling developers, only one recipient looks to be moving slowly forward with development plans, while the other has since gone bankrupt. While developers at Akridge reported making progress with their permitting, financing, and leasing efforts for their 700,000 s.f., mixed-use Half Street project, they insisted it would be a much more interesting news story come February or March, when more details emerge. But progress is progress, and news is news, and DCMud knows its readers are always salivating for every little morsel of information, no matter how small the crumbs.

Half Street project, Akridge Development, Monument Realty, Adam Gooch, Washington DC real estate
So here's the latest scoop: Akridge is currently finalizing the construction plans, and expects to apply for permitting in the first quarter of next year. With a little bit of luck, the developers intend to break ground on the residential portion of the project by the end of next year. Although there is a distinct possibility the project ends up being constructed in phases, developers hope to build it all in one fell swoop, or at least in one drawn-out swoop, in which case a full delivery of all three buildings would happen roughly 22 to 24 months after initial construction. As developers, architects, and engineers lock in on the specifics of their construction plans, minor changes may be made, and details like number of units may be tinkered with, says Project Manager Adam Gooch, but nothing drastic.

HOK architects took responsibility for office buildings, Esocoff & Associates for residential, and retail brokerage StreetSense for the retail
HOK architects took responsibility for office buildings, Esocoff & Associates for residential, and retail brokerage StreetSense for the retailThe project's basic programming remains the same: two nine-story, Class A office buildings (totaling over 370,000 s.f.) and one 11-story residential building featuring approximately 280 units (outfitted with the standard amenities: rooftop pool and terrace, private courtyard, fitness center, etc). All three buildings will offer ground floor retail, totaling 75,000 s.f.. The retail spread will be multifaceted, each portion offering distinct sensibilities, and appealing to different demographics. Half Street will be the main attraction for passersby, featuring Class A retail and most likely to attract National's game-day traffic with "name brand tenants and white-table-cloth restaurants" says Gooch. The pedestrian alley in between the two office buildings will offer a more locals-friendly mix of cafes, delis, and boutiques. "It will be a glorified urban marketplace," explains Gooch, "In the vein of Eastern Market, a place where you can come home from work and grab a beer, grab some food, and pick up some flowers for your wife." Most hidden from foot-traffic will be the Van Street retail frontages, which will have a "grittier, more alley-like feel" due to the placement of curb cuts, loading docks, and trash pick ups. Here Half-Street residents might find a dry-cleaners, the local bike-shop, and maybe a sports bar.

Washington DC commercial retail brokers
Three firms combined forces on the design aspect of the project: HOK shouldered responsibility for the office buildings, Esocoff & Associates for the residential, and StreetSense for the retail. All three buildings will be LEED Certified, with the office buildings expected to earn LEED Platinum. While developers wait to activate the development site for construction purposes, Akridge plans to once again engage the public with their Bullpen Beer Garden during the 2011 baseball season. The 3,200 s.f. tented space will offer beer, wine, margaritas, and live entertainment to the public, and is also available for private events.

Washington D.C. Real Estate Development News

Sunday, January 24, 2010

Onyx Apartments

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Faison, a Charlotte-based developer with a big stake in the DC condo market, having developed the Whitman and 1010 Mass, partnered with Canyon-Johnson Urban Fund (i.e. Magic Johnson), a major fund for urban redevelopment projects, to build the Onyx, a 14-story residential tower at First & L Sts, within the Capitol Riverfront BID. Construction began in November 2006 and finished in early 2009. Calling it Onyx on First, Faison developed 266 residential units over a four-level underground parkFaison, southeast DC, Esocoff, Canyon-Johnson, condosing garage with approximately 210 parking spaces, with a striking glass/brick exterior. The majority of units, designed to attract entry-level professionals, are small, and originally sold as a condominium, ranging from the high $200k's to the high $300k's with an average size of 725 s.f., but in early 2008 converted to an apartment building. Onyx residents have a public courtyard, game room, bike room, floor-to-ceiling windows, and pool. The name "Onyx on First" is a play on the address and the nearby baseball stadium, and 1 block from Metro. Designed by Esocoff & Associates. 

Washington DC commercial real estate news

Sunday, January 17, 2010

Senate Square Apartments

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Senate Square Apartments, 201 I St., NE, Washington DC
Senate Square Towers are part of the redevelopment of the old Children's Museum site. The museum itself was turned into a condominium, the remaining land was sold to Broadway Development of New York. Broadway and architect Esocoff and Associates designed and built the 432-unit pair of towers, completing in late 2007. While under construction, the developer attempted to sell the project as condos, but with prices as low as $410 per square foot, only 150 sold, all of which were then canceled when the project converted to apartments for rent.

Senate Square Towers - the Lexington and Concord - are 12-stories each are masonry structures with metal windows and precast concrete and stone trim, and feature an 80' rooftop pool and sizable fitness center. Within walking distance of Union Station, the Metro, and the Capitol, Senate Square towers also share a common amenity space with Landmark Lofts - a historic building in the central courtyard that serves as a business and conference center. H Street is also supposed to have streetcar service, but that remains an elusive goal. Bozzutto Management began leasing the apartment building in 2007, but leasing rates were initially very slow until prices were lowered and incentives given. In 2009, Broadway lost control of the project for lack of payment; the building will be auctioned February 22, 2010.

Post your comments about this apartment building below:

Sunday, October 25, 2009

Clara Barton Condos

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Clara Barton Condomimiums
616 E St., NW, Washington DC

The Clara Barton in Penn Quarter was developed by JPI, taking the place of one of the last empty lots in downtown Washington DC. One of the larger condo projects in the city, the Clara Barton is a 273-unit condominium attached to the Lafayette Condos, which is the other half of the building (but a separate condo association). Originally designed as the Jefferson Apartments, plans changed before completion to take advantage of the condo boom. The condominium is therefore highly amenitized, with a workout room, business center, small theater, staffed front desk, and well-designed rooftop with pool. Between the two condominiums is a large interior courtyard, with many units having balconies facing into it. The condo was named after the founder of the American Red Cross, due to the then-recently rediscovered office that was found nearby. Designed by Esocoff & Associates and Oehrlein & Associates. Real estate sales began in August of 2004.

Post your comments about Clara Barton condos below:

Friday, September 25, 2009

Progress on Stalled Dumont

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Mt. Vernon Triangle's DuMont Condominium's 559 units at 401 Massachusetts Avenue, NW, have sat lonely and vacant since the project was substantially completed a year ago. Lender PB Capital issued a foreclosure notice in December when the developer, The Broadway Group, failed to secure enough deposits to meet the lender's demand. Mt. Vernon blog The Triangle first reported resolution in the form of a sale to Ideal Realty Group (IRG), which specializes in multifamily and distressed/bank owned properties.

The IRG website lists the 559-units at the Dumont as "under agreement." According to one commenter on the Triangle, at a Mount Vernon Square Neighborhood Association meeting, Bill McLeod of the Mount Vernon Business Improvement District (MVBID) confirmed the sale. You can bet all those new tenants (whether owners or renters) and the potential for retail would be welcome news to the MVBID.

No one at IRG was available or willing to comment or confirm the sale. While there is currently no sale recorded, the September 18th release of a mechanics lien is further evidence of a deal. A representative at Custom Glass Services Inc. was unwilling to comment about any sale agreement, but confirmed the company had a lien on the property that was resolved through a payment from the general contractor, James G. Davis Construction Corporation.

It is unclear if the Dumont, designed by Esocoff & Associates as condominiums, would be sold as such or rented as apartments.

Tuesday, September 15, 2009

Stanton- EastBanc Chosen as Hine School Developer

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Eastern Market, Hine School redevelopment, Eastbanc, Stanton Development, Capitol Hill, ER Bacon, Blue Skye Development, Phil EsocoffEastern Market, Hine School redevelopment, Eastbanc, Stanton Development, Capitol HillToday, neighbors of Eastern Market got an answer to a long-outstanding question: What will go in the place of the former Hine Junior High School on Capitol Hill? Washington DC officials announced that Stanton-EastBanc had won the right to develop, with a plan that includes a mix of retail, residential and open space to appease the outspoken Capitol Hill neighborhood. The project may break ground as soon as 2011. The selected team includes Stanton Development Corporation, Eastbanc Inc., Dantes Partners and Weinstein Esocoff Architects. The plan for the 3.5 acre lot in Capitol Hill's Eastern Market neighborhood calls for a total of 510,000 s.f. of total development. The new development will include approximately 150 apartments and over 200,000 s.f. of office space. Currently slated for the spaces are the nonprofit International Relief and Development and the Shakespeare Theatre Company. Additionally, the space will offer 150 parking spaces and "neighborhood-serving retail and restaurants." Stanton appears to have gotten the upper hand for several reasons. The group is entirely DC-based, has a proven track record in several buildings in the Capitol Hill area and did not request any subsidy from the District for the project. 

With support from several active and outspoken Capitol Hill neighborhood groups, Stanton secured the project out of an original field of 11 bidders. Eastern Market, Hine School redevelopment, Eastbanc, Stanton Development, Capitol Hill, ER Bacon, Blue Skye Development, Phil EsocoffThe competitive project had the Eastern Market neighborhood a-buzz, forming coalitions in favor of one plan or another. Leah Daniels, owner of Hill's Kitchen in Eastern Market hosted meetings at her shop so the StreetSense/DSF/Menkiti Group could show off their plan. It would have included a boutique Kimpton Hotel, which Daniels felt - still feels - is an important addition to the neighborhood. Daniels said that while the group she wanted to win didn't, at least it wasn't the team she didn't want: Bozzuto Group/Scallan Properties/Lehr Jackson Associates/E.R. Bacon Development, LLC/Blue Skye Development/CityStrategy, LLC. She did credit the Stanton group for being willing to continue to work with the community to ensure that the space maximizes its location in the heart of the Eastern Market community. According to Joe Sternlieb of EastBanc, the developers are looking for neighborhood-serving retail. They have letters of interest from restaurants including: Cafe Leopold, Kaz Sushi, Dolcezza Gelato, J. Cholatier, Tryst Diner by Constantine Stavropoulos, The Boat House Restaurant of Charlottesville and the Twins Jazz Club. Retail interest includes: Dawn Price Baby (looking to expand from current Hill location) and B&M Wine among others. Sternlieb indicated that retail spaces will be no larger than 5,000 s.f. each and will likely average 2,000-3,000 s.f. per tenant. In July, the Deputy Mayor for Planning and Economic Development (DMPED), Valerie Santos, narrowed the field of competitors to three and encouraged them to submit final offers for the right to redevelop the site. The school was closed in 2007, in part to free up funds for the DCPS headquarters. Responses to the District’s request for final offers were due in early August.Floor plan, Eastern Market, Hine School redevelopment, Eastbanc, Stanton Development, Capitol Hill, ER Bacon, Blue Skye Development, Phil Esocoff Today's announcement marks another high point in the vibrant neighborhood which recently saw the reopening of the Eastern Market after the fire that ravaged the historic structure in April 2007. Councilmember Tommy Wells (Ward 6) said that the new site should reflect how "special" the Capitol Hill neighborhood is and that the developers and the city have "a lot more work to do" to make sure the project enhances the neighborhood.

Capitol Hill commercial real estate news

Friday, August 21, 2009

Southwest IM Pei Apartment Sold at Foreclosure

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The View from SW waterfront is slightly less auspicious now for Fairfield Residential. A source familiar with the project has confirmed that The View, designed by IM Pei in the '60's and purchased by Fairfield in 2003, has been sold at foreclosure to Titex Marina View, LLC, an Atlanta, GA based LLC and subsidiary of Titex Real Estate Advisors of Delaware. According to SWDCBlog, in a late night, covert lit drop (notes slipped under residents' doors), Fairfield notified current residents of the ownership change and assured tenants they could continue to rent, for now.

Fairfield purchased The View, located at 1100 6th Street SW, and the adjacent parking lots neighboring the Southwest Waterfront project, and hired Esocoff and Associates to redesign the aged building as a mixture of new construction and interior renovations on the two landmarked forty-six year-old I.M. Pei towers. Another residential tower (see rendering below) was to have replaced the surface parking, but that never quite got off the ground and the parking lots are still going strong.

Fairfield modified its PUD in late 2008 because the south tower of the project had initially been planned as a condo, but market forces required financing as rental apartments. At the time, Graham Brock of Fairfield discussed the limitations of the financial system and how they had affected the project. Brock said the "existing residents in the Pei towers wanted the option of home ownership, but then we struggled to find ways to finance that building and get those residents to qualify for loans. The market changed and the deal we had come up with wasn't as strong anymore." It would appear even the rental option was not strong enough to sustain Fairfield's hold on Pei's work. In retrospect, maybe condos, now scarcer, would have been the better option.

Beginning in mid-April 2008, Marina View Trustee LLC and Marina View Towers LLC (co-grantors of the property with Fairfield) refinanced their $14.5 million loan with Wachovia Mutlifamily Capital, Inc. The next day, Wachovia signed over its Deed of Trust with Marina View Towers for the sum of $10 to Fannie Mae, and with it the first lien of the Deed of Trust. On July 14th of this year, Fannie Mae signed over the Deed of Trust to Tritex Marina View. On July 28, Tritex designated substitute trustees from the law firm Lerch, Early & Brewer, Chtd. Tritex has been involved in a series of large real estate transactions over the past few years, taking advantage of a commercial market that is weak, and getting weaker.
 

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