Showing posts with label Gould Property Company. Show all posts
Showing posts with label Gould Property Company. Show all posts

Thursday, September 27, 2012

Two Megabuildings Downtown in Pipeline for Gould

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On the edge of Mount Vernon Square, where some of the last vacant lots in the downtown core still exist, plans for more office buildings are heating up.  One developer with a stake in the zone is Gould Property Company.  Gould has plans to build two oversized office buildings - a 380,000 s.f. office building at 600 Massachusetts Avenue and a 620,000 s.f. office building at 900 New York Avenue.  While both await tenants before construction will begin, sources say designs are done and waiting on the right tenant.

Gould Property's 600 Mass Ave. - Rendering courtesy CORE
Gould's "Z"-shaped parcel - nearly half the block at the corner of 6th Street and Massachusetts Avenue, was designed by Core Architecture + Design, also architect on the completed Gould project Market Square North.  The building's plan calls for 10 floors with ground floor retail.  In 2006, the Historic Preservation Review Board (HPRB) first gave approval to the developer's concept to move two row houses it owns, 621 and 623 Eye Street, built in 1852, next to a cluster of other row houses on the southeast corner of the lot.  It also approved Gould's plans to demolish a row house at 627 Eye St. to make way for the building, and demolition has already taken place.  After the HPRB put its stamp on the demolition, a Mayor's Agent gave a final necessary nod to the plan in 2007.

Gould Property's 600 Mass Ave. - Rendering courtesy CORE
The design has also passed the Chinatown design review process necessary for buildings in the neighborhood.  "It is a very unique building because it is unlike most of Washington, DC where you basically feel like it is a box," Ron Ngiam, senior project designer with CORE, told DCMud.  With the site shaped like a "Z", architects also worked to meet the challenge of designing a building to fit a unique site.  The zoning of the site prevented a boxy, full, 10-floor building, so architects created a series of terraces.  "We were able to carve quite a bit of light and air into the building and produced a whole series of green roofs," Ngiam said.

"Instead of filling in the property with a box, we were able to do something architecturally interesting." Ngiam also said the building's setback on Eye St. respects the scale of that streetscape.  "We are quite excited about the project," he told DCMud.

600 Mass Ave. - Eye St. Frontage - Rendering courtesy CORE
The 600 Mass Ave project is not the only building in the pipeline for Gould.  The developer is also behind plans to develop a portion of the old Convention Center Site at 900 New York Ave.  The building is part of an $850 million dollar mixed-use CityCenterDC which started construction last yearHines and Archstone are developing most of the CityCenterDC master plan, which calls for condos, office buildings, apartments, and retail, replacing the 10 acres that were left empty after demolition of the old convention center in 2004.

For CityCenterDC, Gould is planning a 12-story building designed by Pickard Chilton Architects.  The design includes a center atrium that reaches the full height of the building's 12 floors.  The atrium is covered with a "unique free standing" glass roof supported by v-shaped columns.  Renderings also call for lushly planted rooftop terraces, nine-foot ceilings, and ground floor retail.

900 New York Ave. - Rendering Pickard Chilton website
Gould, run by real estate scion Kingdon Gould, obtained the site from the city in exchange for a parcel it owned 9th Street NW, which the city needed to make room for a 1,175 room Marriott Marquis through a 99-year lease agreement.

Gould is also behind plans with Vornado Realty for a massive redevelopment of Rosslyn Plaza that would replace six buildings with four new ones to include hundreds of new residential units, as well as hotel space. 

900 New York Ave. - Rendering Pickard Chilton website





At both 900 New York Avenue and 600 Massachusetts Avenue, the developer has the approvals needed to start, according to the Downtown DC Business Improvement District (BID).  Now all the projects need are good tenants.

Tuesday, May 12, 2009

Airport Residential on Approach in Crystal City

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Gould Property Company, with the Abbott Development Group and CORE Architecture and Design, are readying for the fourth and final installment of their Airport Plaza development in Crystal City. Approved way back in 1981, Gould first delivered the two office tower components of the project in the early years of the Reagan era, but number four will bear a more striking resemblance to Airport Plaza III, also known as the Concord Residences - a 680,000 square foot, 412-unit "luxury" rental high-rise at 2600 Crystal Drive that delivered in 2007 and, as of this week, boasts a 93% occupancy rate.

"We don't have a name yet, but [Airport Plaza IV] will be linked with the Concord," said Doug Abbott, President of the Abbott Development Company. "It's designed as a stand-alone building, but, for our purposes, we’ll be managing and marketing it as one complex…It will have a Clark Street address, but they will share the amenities and management team."

Measuring in at roughly half the size of its neighbor, the as-of-yet untitled project will bring another 205-rental units to a resurgent Crystal City – itself slated for some major infrastructural improvements in the coming years. In accordance with those plans, the Gould-led development team will be outfitting the space between the two residential towers with "a multi-level outdoor plaza with landscaping" – a project already provided for in Crystal City Planning Task Force’s Framework Plan.

“That is part of the Crystal City redevelopment plan, so that can’t happen until the traffic circle is put in at 26th Street,” said Abbott. However, he says, work on Airport Plaza IV is proceeding at a much brisker pace and that his team is confident that the project will be a successful addition to a well-situated site less than a mile from National Airport.

“We’ve been working on schematics and we’re actually before the County with a minor site plan amendment. If that is approved, which I anticipate it will be, we’ll go ahead with design. For office buildings, we think that the market is kind of on hold, but I noticed during the last recession that the demand for rental is never slim to none."

Arlington, VA, real estate development news

Tuesday, July 08, 2008

It's Konterra Country

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What to do with 2200 acres next to the interstate? Build a city. At least that's what developers are doing with Konterra, a joint venture between Gould Property Company and Forest City Washington, which earned approval to develop 488 of those acres, a phase called the Konterra Town Center East project, just one part of their massive mixed-use development that will include residential neighborhoods, business campuses, and two town centers, and lots of retail. The approved town center will deliver 4,500 residential units including condos, apartments, and town homes, 1.5 million s.f. of "fashion" retail, 3.8 million s.f. of Class-A office space, 600 hotel rooms, and green space.

The titanic development, designed by several architects, including California-based Altoon + Porter Architects, is intended to bring "upscale dining" and retail to northern Prince George' County, create 12,000 jobs in the area, and generate revenue for a "civic framework" in the new community including a police force and fire department.

The developer, owner of the land since the 1980's, submitted plans for the Town Center East last August after meeting with the community and county to design a sustainable mixed-use project. The gargantuan development will replace what is now vacant space, once a gravel and sand mine, situated along I-95 at the intersection of the nascent Inter-County Connector, just north of the beltway.

The business component of the soon-to-be Konterra city in PG now offers fourteen buildings and over 500,000 s.f. of office space, while 500 acres of existing residential space is divided among three neighborhoods: The Wilshire Estates, Fairland Park Community, and The Villages at Wellington. Project spokesperson Julie Chase said the town center will bring together the existing business campuses and residential neighborhoods in the surrounding area.

"The town center is the core. The goal of this development is to bring smart growth and high-end retail to an under served and deserving area. When we say smart growth, it's about retail offerings and services and the opportunity to live and work in same area. There will be transportation within the community, but the project is also about having everything accessible and walkable," Chase said.

The project website describes the town center as a new neighborhood in itself. "A leisurely walk or a convenient bus trip to the heart of Town Center places you amongst tree-lined, pedestrian friendly streets with outdoor cafes, high-end boutiques and exciting entertainment options."

The developer hopes to break ground on this phase in late 2009 with delivery planned for 2012, but the team still has two more hearings with the county. The first is for the preliminary plan of subdivision on July 24th, and the second is for the detailed sight plan that has been submitted, but is awaiting a meeting date.

The second town center, which will also host a mix of retail, commercial, and residential space, will be 253 acres and is still in the planning phases. Altoon + Porter, the one confirmed architect on the project, also has offices in Shanghai and Amsterdam and focuses on hospitality, institution, university, and mixed-use developments.

Washington DC real estate development news
 

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