Showing posts with label Fenty. Show all posts
Showing posts with label Fenty. Show all posts

Monday, November 24, 2008

Convention Center Marriott Awaits Zoning Approval

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Final plans for a new Convention Center Marriott will head before the Washington DC Zoning Commission tonight for a public hearing. Now dubbed the Washington Marriott Marquis, adjacent to the Walter E. Washington Convention Center, it is expected to catch little to no flak, as it conforms to the non-residential zoning standard already in place, and has been pushed for by District officials.

Additionally, Marriott is developing the project in unison with the Fenty administration under a handy piece of city legislation entitled the Public Space Utilization Act – which allows the Mayor to "enter into lease(s) with private parties for the rental of the space above or below streets and alleys in the District." That Act, however, leaves final approval of any such lease to the Commission, which will tonight discuss how the plans on hand sync with city regulations concerning building height, off-street parking, and traffic flow – all areas Marriott’s draftsmen appear to have to managed meticulously.

The plans for Marriott’s parcel at Massachusetts Avenue and 9th Street NW call for construction of a new 1,150 room hotel with a two-level underground garage. Additionally, the AFL building currently on the site will get an extreme makeover into a 42 room “boutique hotel” connected to the main facility at several junctures. The PEPCO power station eyesore on the block will remain (but possibly receive an aesthetic makeover) and an underground tunnel linking the Marriott to the Convention Center’s east end will be constructed. Marriott has taken on Quadrangle Development Corporation to assist in the development process and has enlisted TBS Architects and Cooper Carry Architecture to design the project. Marriott hopes to garner a silver LEED certification for their flagship facility.

It is, however, important to note that tonight’s meeting will not address the project’s second planned component one block to the north, on the opposite side of L Street NW. Sean Madigan of the Office of the Deputy Mayor for Planning and Economic Development told DC Mud in 2007 that Marriott had abandoned plans to build a smaller, secondary hotel wing on that site and had instead chosen to redevelop the AFL building. The development team has yet to present any concrete ideas about what may happen with that parcel.

Tonight’s meeting is being held tonight at the Office of Zoning Hearing Room (441 4th Street NW, Suite 220) and begins at 6:30 PM. The proceedings are open to the public, so this would be a good chance to get a head start on booking a room for 2012 inauguration.

Washington DC real estate development news

Monday, November 17, 2008

Union Row Says Yes! We Can

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Washington DC commercial real estate broker
Mayor Adrian Fenty
, DC City Councilmembers Jim Graham and Muriel Bowser, and PN Hoffman CEO Monty Hoffman today cut the ribbon on the new Yes! Organic Market at 14th and V's Union Row condominium development.

"This really epitomizes so many great things for Washington, DC," said Fenty. "One, the restoration, revitalization and resurgence of 14th Street…Not only in the $150 million Union Row project, but Yes! Organic, Flats at Union Row, Monty Hoffman, SK&I Architecture, 14th Street, Washington DC real estatethe…$1 billion worth of investment in the Columbia Heights and U Street area over the past several years.”

The new 5,500 square foot grocery store at 2123 14th Street marks the first retail outlet to open in PN Hoffman-developed, SK&I-designed high-rise development. Other shops coming soon to the mixed-use, mixed-income building will soon include a new drycleaners, a 6,000 square foot Eatonville restaurant from the owner of Busboys and Poets, and a new CVS - which opened its doors today as well - with slightly less fanfare.

Graham praised PN Hoffman’s stewardship of the project. “Others had tried to assemble a parcel of sufficient size as to build something that really meant something Yes! Organic, Flats at Union Row, PN Hoffman, SK&I Architecture, 14th Street, Washington DC real estatehere. If you look back at [the Warehouses at Union Row], you can just how real genius it took to bring us here today.”

The Union Row store marks the fifth such location in the Metro area for the 40-year-old, locally-owned organic grocery chain. Next up, Yes! owner Gary Cha plans to open a new storefront along Georgia Avenue in Petworth and, according to Monty Hoffman, there is talk of bringing another to their development at the Southwest Waterfront.

“It’s not all bricks and mortar – it’s about programming as well,” said Hoffman. “We tried many different grocers before and none had the courage and vision that Gary did.” Union Row completed construction a little more than a year ago.

Washington DC retail and commercial real estate news

Friday, November 14, 2008

DC Lauds SE Development

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Mayor Adrian Fenty, Washington Nationals President Stan Kasten and various District officials gathered at today Nationals Stadium for a press conference with a two-fold purpose. First, to pat themselves on the back for the redevelopment initiatives currently underway in Southeast, and second, to ensure the public that those projects are still very much on track, even as the commercial real estate market remains perilously on edge.

"A lot has happened in just over a year since the Anacostia Waterfront Corporation was dissolved into the rest of the government," said Fenty. "I think, from my perch, that there's probably even more decision-making, fast action and decisiveness by having the Council and Executive Branch in charge - with no fault going down on the input of the community and making sure we follow the original plan."

Fenty also gave a brief rundown of the $8 billion worth of development, infrastructure and community projects targeted at reinvigorating the city’s waterfront: Poplar Point ($2.5 billion), the Southwest Waterfront ($198 million in TIF/PILOT funds), Hill East ($1.4 billion), Park at the Yards ($42 million), Marvin Gaye Park ($7.7 million), Canal Park Development Corp.’s as-yet unnamed Ballpark District park ($13.1 million), the South Capitol streetcar line ($30 million), the 11th Street Bridge project ($260 million), the Anacostia Riverwalk Trail System ($50 million), Diamond Teague Park ($16 million), the St. Elizabeths plan (as-of-yet unbudgeted) and various community initiatives such as the Green Summer Job Corps, an online water quality monitoring system, a new stormwater rate structure and the Anacostia 2032 plan – which seeks to make the polluted river “boatable, swimmable and fishable in 25 years.”

“I’ll tell you what’s going to happen along the Waterfront in the decades and years and months and days to come,” said George Hawkins, Director of the District Department of the Environment. “We will have a cleaner river. We will have a better environment…At the same time, we are going to bring almost unparalleled economic vitality and jobs to this city.”

With regards to the economy, Mayor Fenty presented an optimistic view of the impact the fiscal crisis is having on projects heading down the development pipeline. “The national economy, as everyone is aware, is having an extremely hard time. The District of Columbia is not immune from that, of course, but there is a certain degree of insulation and there’s a large degree of momentum, which is allowing a lot of projects…to continue to go forward,” said Fenty.

Deputy Mayor for Planning and Economic Development, Neil Albert, followed up Fenty’s remarks by characterizing developers with stakes in Southeast projects as “still very bullish,” despite a dearth of client interest in the commercial real estate market. “While some of the surrounding areas are having difficulty leasing space, they're still leasing space here in the District,” said Albert.

Interested citizens will have to chance to examine the marketplace for themselves this coming Saturday, November 15th, as the District hosts a “Community Education Fair” at Nationals Park. Several District agencies, local developers, community groups, and local not-for-profit organizations will lead bus tours to the site of upcoming projects and panels on the Southeast redevelopment. For more information, visit the District’s website.

Wednesday, October 29, 2008

The Yards Parks Itself on the Anacostia

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Washington DC retail and commercial real estate
A new twist in Forest City's development plans for The Yards was revealed today as Mayor Fenty announced the addition of a $42 million dollar riverfront park - that's $42 million for a park - to the sprawling 5.5 million square feet of redevelopment already underway in the surrounding area. Forest City Yards project, southeast Washington DC, retail for lease, Boilermaker Shops

"This is the project that will project the District of Columbia forward from the standpoint of renovating, modernizing, accentuating, bringing to life, and restoring this great neighborhood adjacent to the Anacostia River," said Fenty from inside the vacant warehouse that will soon house the Yards' Boilermaker Shops.

The Yards, southeast Washington DC, Anacostia River Walk Trail, Nationals Stadium

Simply dubbed The Park at the Yards, the 5.5 acre park is being designed by New York-based landscape architects M. Paul Friedberg and Partners and was touted by Ward 6 City Councilman, Tommy Wells, as the new “front porch” for the Southeast Waterfront.  If that is indeed the case, the park seems to be more country club terrace than whittling stoop - the plans currently on-hand call for “well-landscaped ‘outdoor rooms’ with seating areas,” “a riverfront courtyard” that will feature retail and dining on three sides, “a water feature” in tribute to the Washington Canal, “a great lawn” that could potentially host live entertainment and “a scenic esplanade” that will connect foot traffic to the Anacostia Riverwalk Trail. Forest City is also in talks to bring a marina to the site.  The Mayor equated the park to Baltimore’s Inner Harbor and Chicago’s Millennium Park, as a draw for local residents and tourists alike “for generations to come.”

“It’s a great amenity for the city.   It’s welcoming to families. It’s welcoming to children.  It will be welcoming not just our residents, but to everyone in Ward 6 and throughout the District who come,” said Deborah Ratner Salzberg, President of Forest City Washington.  "It will be a true world-class location…to eat, play and just to relax and have fun.”

The Park represents a unique facet of development at the Yards, in more than one regard.  First and foremost, it is the product of a public-private partnership between Forest City and the District, which teamed-up to secure the federally-owned parcel from the General Services Administration (the terms of that deal were not disclosed).

Secondly, it was financed through a Payment-in-Lieu-of-Taxes (PILOT) initiative, described by the Mayor’s office as “the District…selling a bond against future taxes…generated by the surrounding development."  Ahh, the 'generations to come' will be the ones paying for it. Thirdly, after Forest City completes construction, all maintenance and programming of the park will be turned over to the Capitol Riverfront Business Improvement District (BID). The BID’s Executive Director, Michael Stevens, characterized their involvement as including everything from planting flowers to plowing snow.

Diamond Teague Park, Washington DC, Tommy Wells

Construction is planned to begin this January, the developer hopes to have the park open in time for the Nationals’ 2010 opener.  The Park at the Yards is the second such space planned for the immediate waterfront area (the other being Diamond Teague Park to the west) and the capstone to Forest City’s plans for 2,800 condos/apartments, 1.8 million square feet of office space and 400,000 square feet of retail at the Yards. “This is going to be one of the greatest places in America to live,” said Councilman Wells.

Washington DC retail and commercial real estate news

Friday, October 17, 2008

Nothing But Blue Skies Ahead for Brightwood Apartment

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Yesterday, the District of Columbia announced its selection of Blue Skye Development and the Educational Organization for United Latin Americans to redevelop the Tewkesbury, a long-abandoned Brightwood apartment building.

A piece of real estate DC Mayor Adrian Fenty called "a disgrace" and "a blight on the Brightwood community for more than 20 years," the 26-unit apartment building at 6425 14th St., NW, dates from the mid '50's and has been vacant (officially) since 1985. The District had cited Vincent Abell, the former owner, with over 100 housing code violations, and initiated a suit against him and several other landlords in April for repeated code violations. Not a bad deal for Abell then, who received $3,000,000 for the property from the District, or $115,300 per blighted, disgraceful unit.

Deputy Mayor Neil Alpert's office moved quickly through the selection process, issuing the RFP just this May, selecting the winning bid from the four received by the August deadline. In addition to the Blue Skye team, the District had received bids for the 30,000 s.f. building from Mi Casa, Inc., PML Real Estate, LLC, and 14th Street Partners - a group including UrbanMatters Development Partners LLC, Northern Real Estate Urban Ventures, and Emory Beacon of Light, Inc. A plus factor that appeared to cinch the deal for Blue Skye was its inclusion of a 54 unit building at 1330 Missouri Avenue, a property the developer now controls and will turn into a senior living center.

Mayor Fenty announced that the building will be converted into 13 market-rate condos and 13 "affordable" units, without specifying that nature of those units. The Deputy Mayor's Office for Planning and Economic Development predicts that construction "could begin" by summer of next year.

Washington, DC real estate and development news

Monday, September 08, 2008

Re-Inventing Public Housing at Park Morton

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Mayor Adrian Fenty today announced the District's Request for Proposals (RFP) concerning the $170Park Morton, Adrian Fenty, Petworth, Washington DC real estate million initiative to redevelop Petworth's Park Morton public housing complex. Although currently seeking a development partner for the deal, the city has already forged ahead and outlined their intentions for the site: 317 market-rate housing units, 206 affordable housing units, a 10,000 square foot park and a new community center with green designs throughout. The mayor prefaced his comments to the press by assuring the current residents in attendance that they will be relocated to new units in the project and that "no one will be displaced."
Mayor Fenty credited the New Communities Initiative established during Anthony Williams' tenure as mayor (which also includes Barry Farm and Lincoln Heights, in addition to Park Morton) as the genesis of the new development and explained how the city planned on manifesting change in an area best described as derelict and dangerous. “It is about bricks and mortar because a lot of these projects are old. They need a lot of work and, to be honest with you, just re-doing them isn’t going Donatelli Development, Park Morton, Columbia Heightsto cut it,” he said. “But its also about more than bricks and mortar. We’re also going to have health care facilities, schools, recreation centers, and job training centers here at Park Morton.” The mayor concluded his remarks by stating, “It’s important to note that while this in-and-of-itself is an important opportunity and investment for the Georgia Avenue corridor, this is just one of the many different things that are happening.” He went on to specifically cite Donatelli Development Inc.’s $70 million, 156-unit Park Place project and neighboring $5 million retail investment, along with Jair Lynch’s 130-unit apartment complex at 3910 Georgia and the District’s own new, mixed-income development on the 3400 block (more to follow from DCMud in the coming weeks) as other in-the-works projects aimed at making area attractive to prospective residents and retailers. 

Ward 1 Councilmember Jim Graham, who had introduced the initial city council resolution for the Park Morton project and led community meetings on the subject, followed Mayor Fenty’s turn at the podium. He began by reiterating the mayor’s promise that no residents would be displaced by the project and promised that the upcoming changes would result in “a much more successful and livable community than we have today.” Washington DC commercial real estate He also said that the District would not repeat mistakes with regard to public housing that have plagued the city for decades. “Gathering all the poor people in one neighborhood, in one building, ought not to be the preferred approach,” he said. “When we have the opportunity to create mixed-income, diverse background [housing], that is an opportunity we should not lose.” He went to specify that the new Park Morton will become a beacon of diversity in Ward 1, “without losing a single person who is here today.” Michael Kelly, Executive Director of the DC Housing Authority (DCHA), went on to trumpet the long-term viability of a new community comprised of “low income, moderate income and market-rate people.” And sounding a bit like George Washington at the Continental Congress, Kelly referred to it as "This grand experiment," asserting that the project "is [due to the leadership] of Washington, DC, and has not been replicated anywhere else in the country.” 

Kelly cited the Housing Authority’s upkeep of current Park Morton facilities, including the addition of new boilers, stairwells and security cameras as initial steps towards a better quality of living. He then went on to ask the assembled residents if such efforts had made them feel safer – and received a rousing reply of “yes.” Following the remarks, all in attendance were led on a tour of the newly remodeled Park Morton Children’s Center. As the first example of Park Morton revitalization, Mayor Fenty inspected the new computer lab, classrooms and music rehearsal spaces that are to serve as a hub of community operations during and after construction. BIDs for the Park Morton project are due by December 12th with final selection to occur in March. 

Washington DC commercial real estate news

Wednesday, August 13, 2008

The End of Howard Theatre Blues

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Since it first closed in 1970, the Howard Theatre's fate has been as unpredictable as Cab Calloway's scat. After being named a historic landmark in 1973, the theater opened and closed several times, its stage finally going dark in the early 1980's, seemingly for good. Now, after years of work by Howard Theatre Restoration, Inc., a nonprofit organization, along with the District of Columbia, private developers, and DC residents, the curtain will go up again just in time for the theater's 100th birthday.

A representative at Howard Theatre Restoration told DCMud that the organization is in the midst of a fund raising effort that, if successful, i.e. if they raise the $28 million necessary to fully renovate the theater, will allow construction to begin this time next year. The District already gave $8 million to the project, and the organization can collect $6 million more through historic and additional tax credits. The District's contributions are part of a deal to improve the neighborhood, a commitment that will also bring African American-Owned Radio One to the District. Fenty signed a $144 million deal with Broadcast Center One Partners in January, the Radio One Headquarters will sit on the same block as the theater.

Built in 1910, the theater near the corner of 7th and T Streets, NW could seat 1,200 people. It was made specifically for African American performers, but was known as "The Theatre for the People" and hosted crowds of all races and performers such as Duke Ellington, Buddy Holly, James Brown, and Redd Foxx.

HTR's interactive website says, "Together with the City, HTR and its partners will reestablish the historic U Street/Shaw and LeDroit Park neighborhood as an art and entertainment destination where residents can live, work and play."

Monday, July 28, 2008

DC's Development Pipeline

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Ever since the Fenty administration took over development of the District's publicly-owned property, merging agencies and placing them under his direct supervision, it seems development of blighted blocks has been given a new urgency, even compared to that of the Williams administration - itself a great improvement over its predecessor. But despite weekly announcements from the Mayor and the Office of Planning and Economic Development, many of the projects still have to proceed through the District's infamously thick bureaucracy. But if China can cleanse its murky atmosphere in a few short months, there is cause for optimism that change is in the air here in Washington. DCMud has prepared a rundown of the largest projects now underway, properties in need of developers, and solicitations to look for in the future.

The projects listed below are still being refined. The numbers and square footage assigned to each are conceptual and are subject to change.

Projects With Developers

Southwest Waterfront by Hoffman Streuver will offer 539 market-rate units and 231 affordable units. The $1.5 billion project will also include 350 hotel rooms, 700,000 s.f. of office space and 280,000 s.f. of retail space. On July 15th, the DC Council approved a $198 million TIF/PILOT package to finance park and infrastructure improvements. Groundbreaking is not expected any time soon, with construction lasting at least 6 years.

Waterfront, the erroneously named project at 401 M Street, SW, will deliver 800 market-rate and 200 affordable residential units as well as 1.3 million s.f. of office space and 110,00 s.f. of retail space. Mayor Fenty joined SW Waterfront Associates (Forest City Wasington, Charles E. Smith Vornado) in November to demolish the former Waterside Mall. The $800 million project will sit atop the Waterfront -SEU Metro station.

Clark Realty was selected in February as Master Developer for Poplar Point on the east side of the Anacostia. The number of residential and hotel units they will deliver has not yet been determined, however 30% of all residential units will be affordable. The District and the National Park Services held a public scoping meeting last month for the Environmental Impact Statement of the $2.5 billion project.

Center Leg Freeway on Massachusetts Ave, NW between 2nd and 3rd Streets is being developed by Louis Dreyfus Properties into 100 market- rate and 50 affordable residential units. The $1.1. billion project will cap the exposed section of I-395, and include 2,100,000 s.f. office space and 67,000 s.f. retail space.

The McMillan Sand Filtration Site on North Capital Street and Michigan Avenue will be developed into 820 market-rate units, 351 affordable units, and a 100-room hotel by EYA. The $1 billion project will also deliver 700,000 s.f. of office space and $110,000 s.f. of retail space. The project has long been worked over, but don't make plans for moving in any time soon.

In May the District reached a deal with Hines Archstone to develop a 400-room "high-end" hotel and 100,000 s.f. of additional retail space on "Parcel B", a 53,000 s.f. plot of land that is part of the larger CityCenter DC, the development taking up residence on the old convention center site. The entire $850 million project downtown will deliver 539 market-rate units, 135 affordable units, 476,000 s.f. of office space, and 266,000 s.f. of retail space.

On June 26th, Marriot International, Cooper Carry Architects and EHT Traceries presented plans for the Convention Center Headquarters Hotel to the Historic Preservation Review Board. Located on the Corner of 9th Street and Massachusetts Avenue, NW, the $550 million project will deliver 1125 hotel rooms and 25,00 s.f. of retail space. Having been scaled back from its original 1400 bed facility, the project is well past its early schedule, of construction in 2007.

O Street Market at 7th Street and Georgia Avenue will be transformed into a mixed-use development that will include 550 market-rate and 80 affordable residential units by Roadside Development. The $329 million development will replace a current Giant supermarket with a new 71,000 s.f. store and include a 200 unit hotel and 87,000 s.f. of retail space. The District reached an agreement with the developer late last month to kickstart financing. Of the dozens of projects promising to revitalize the Shaw neighborhood, this may be the first large project to actually get underway.

Skyland Shopping Center on Good Hope Road at Naylor and Alabama Avenue, SE will be developed by Rappaport Companies and William C. Smith Companies into a $261 million development with 155 market-rate units and 66 affordable units as well as 230,000 s.f. of retail space. When? Even an estimate will be fine.

City Vista, which began sales in late 2005, will bring 441 condos with 138 affordable residential units to, as well as a separate apartment building, to 5th and K Streets, NW. The project will also include 130,000 s.f. of retail space and will cost $191 million. The first condominium building completed last October, the remaining condominium and the apartment building are nearly ready for occupancy.

Early this year, Fenty signed a Land Disposition Agreement with Broadcast Center One Partners LLC, (Ellis Development and Four Points, LLC) that will bring African-American-owned Radio One to the district. The $144 million Broadcast Center One at 7th and S Streets, NW will be a mixed-use project with 135 market-rate and 45 affordable residential units as well as 96,000 s.f. of office space and 22,000 s.f. of retail space. According to Fenty's office, "the deal also sets in motion the $22 million redevelopment of the Howard Theater, a long-shuttered landmark that was the hub of black Broadway." If it gets built; the timeline remains uncertain.

Mt. Carmel (Parcel 51B) on 3rd Street, NW between K and H Streets is being developed by MQW LLC (Quadrangle and the Wilkes Companies) into $130 million mixed-use project with 267 market-rate units, 67 affordable units and 90,000 s.f. office space.

Forest City Washington is responsible for the $120 million O Street SE Redevelopment by the SE Federal Center. It will deliver 354 market-rate units, 89 affordable units and 47,000 s.f. of retail space.

The Village at Dakota Crossing in Fort Lincoln by Ft. Lincoln New Town Corporation will include 327 market-rate and 30 affordable units. It will cost $110 million.

Mid City Urban and A&R Development will bring 216 market-rate and 54 affordable residential units as well as 70,000 s.f. of retail space to the area around the Rhode Island Avenue Metro station with their $105 million Rhode Island Station project. First attempted as a condo project, developers have bowed to the market and substituted apartment buildings - at least in theory, as the project has yet to break ground.

The $100 million Shops at Dakota Crossing on New York and South Dakota Avenue, NE will be developed by Ft. Lincoln New Town Corporation into 29,000 s.f. of office space and 461,000 s.f. of retail space.

Lowe Enterprises and Jack Sophie Development have long had intentions to develop Riggs Road and South Dakota Avenue, NE (Triangle Parcel) into 208 market-rate units, 52 affordable units and 23,223 s.f. of retail to the tune of $75 million. The fate of the project is uncertain, as higher construction costs, shrinking condo prices, and more conservative lending practices - especially in low-income neighborhoods, make such projects harder to justify.

Park Place on Georgia Avenue in Petworth will be developed by Donatelli Development into 161 market-rate units, 32 affordable units and 16,000 s.f of retail space and will cost $60 million. Purchased by Donatelli, along with partners Gragg & Associates, Canyon Capital Realty Advisors and Earvin 'Magic' Johnson, will be one of the few developers delivering new condos in 2009.

In February, the District made a Term Sheet with Parcel 42 Partners to develop 95 affordable housing units and 8,000 s.f. of retail space on Parcel 42, in Shaw at 7th and Rhode Island Avenue, NW for $28 million.

In December 2007, the District selected William C. Smtih Companies and the Jair Lynch Companies to develop the $700 million Northwest One New Community that will deliver 1,600 units of housing on former NCRC parcels as well as adjacent DC-controlled and private properties in Ward 6. Located between North Capitol Street, New York Avenue, New Jersey Avenue, and K Street, the site is in an area that has "long been plagued by high crime and poverty", but is surrounded by the up-and-coming NoMa and Mt.Vernon Triangle neighborhoods. The development team, which also includes Banneker Ventures and CPDC (affordable housing provider), will create apartments, townhouses, and condos for all income levels as well as over 40,000 s.f. of retail and 220,000 s.f. of office space. The development will also offer a 21,000 s.f. clinic.

And further down the road...

The District issued a solicitation in early June for Parcel 69 at 4th, 6th, and E Streets, SW. The $130 million development will be an office and hotel project along the Southwest freeway. Proposals are due by September 15th.

In May, Fenty issued an RFEI for the Hill East Waterfront on Capitol Hill East. The District seeks a developer to create 2,100 market-rate and 900 affordable units with 2,000,000 s.f office space and 67,000 s.f. of retail space. The District anticipates a price tag of $1.1 billion for the development of the 50 acres surrounding the former DC General Hospital. Proposals are due by October 31st.

Proposals were due June 3rd for Minnesota and Benning Road, NE Phase II. The $107 million development will include 60 market rate, 392 affordable units and 40,000 s.f. of retail. No developer has been selected.

It is high time the District announced developer for Fifth and I Street, NW. After proposals were submitted in March, the District widdled the teams down to the final four including BG, Buccini/Pollin, Potomac Investment Properties, and a group comprised of Holland Development, Donohoe Development, Spectrum Management, and Harris Development. The winning team, whenever they are announced, will create somewhere around 170 market-rate units, 30 affordable units, 100 hotel rooms and 50,000 s.f. of retail space.

Upcoming Solicitations

The District would like to see 1,469 market-rate and 440 affordable units in Lincoln Heights in Ward 7 at an estimated cost of $576 million.

Barry Farm/Park Chester/Wade Road in Ward 8 will likely include 110 market and 330 affordable housing units and will cost around $550 million. The project is an effort to revitalize low-income properties in the historic Anacostia area.

The issuance of the Park Morton solicitation at Park Road and Georgia Avenue, NW is "imminent" according to the Mayor's office and will cost $136 million with 499 market-rate and 150 affordable units. Axis

Thursday, July 10, 2008

LCOR Wins Tenley/Janney Site

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Mayor Adrian Fenty announced this morning that the District will partner with LCOR for the development of the 3.6 acre Tenley Library/ Janney Elementary School site on Wisconsin Avenue.

The announcement, made nine months after the RFP's issuance, came as a surprise to those used to long-outstanding District RFPs; the decision surprised even the developer. "We didn't find out until 6:30 last night," said Timothy Smith, Senior Vice President of LCOR. "We were told to expect some word, but I had given up and gone home, so we were as surprised as everyone else...We are excited to be designated, we are awaiting paperwork from the District and will be working not only with the Office of Economic Development finalize plans, but also all of the stake holders in the neighborhood," Smith said.

This type of educational/residential mixed-use project is not new to the developer, who is responsible for the 47,000 s.f. James F. Oyster Elementary School and 211-unit Henry Adams House apartments in Woodley Park, in fact, Smith said LCOR prides itself in taking on such innovative, unique projects.

"I think our work on the Oyster School was one of the things that had to do with their decision to go with us. The current building is set back from Wisconsin Avenue and it will be a mixed-use project. One of the things we proposed was instead of a free standing structure, the library will be in the first two floors of the apartment building," Smith said.
Community involvement will be key to the development of this site, as it has been the subject of controversy between past developers and the community for years. But despite the site's conflict-ridden history, the developer said he just wants to get going.

"We are trying to make sure we work with the library to make sure their plan works within the building. We have done a lot of different kinds of developments, so this is right down our alley. We know that complex multiple use projects involve us working with community. Here we think we have the big picture, but we will still be working with the community," said Smith

LCOR's proposal included 174 rental apartment units and while specific details have not yet been announced, the development will likely achieve LEED certification and, in keeping with the Fenty Administration's affordable housing goals, offer workforce housing. Smith said more detailed information will be available in the coming weeks.

The District issued the RFP for the site last fall; three development teams responded and were evaluated based on "vision, financial capacity and past performance."

"We've got a real opportunity to leverage this site to help pay for the cost of improving Janney Elementary, enhance the existing open space and add both market-rate and workforce housing - all atop a Metro Station," Fenty said.

The projects puts to bed a contentious process that began with Roadside Development proposing to build what is now LCOR's mandate, a plan that was stymied when activists demanded an open bidding process. The District then mishandled the RFP, changing its terms after the response date passed, forbidding integration of the library within a residential building.

"Not many people know this, but LCOR has been in Washington for thirty-two years. We were really under the radar until we did the U.S. Patent and Trademark Office Headquarters project," said Smith. Not anymore. LCOR recently completed the first residential building in the company's North Bethesda Town Center project, its 32-acre project at the White Flint Metro station.
 

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