Showing posts with label JBG Companies. Show all posts
Showing posts with label JBG Companies. Show all posts

Tuesday, June 12, 2012

Today in Pictures - Rosslyn's Sedona & Slate

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JBG Companies has begun skinning its Rosslyn residential projects Sedona and Slate.  The two-building apartment project began construction in January of 2011, and JBG expects the project will be completed by the first quarter of next year. Clark Construction is building the project designed by Architects Collaborative. Both apartment buildings are expected to be LEED Silver Certified.






Arlington, Virginia real estate development news

Wednesday, May 23, 2012

Atlantic Plumbing Site Breeds Grittiness, Controversy

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The Atlantic Plumbing site, which is being redeveloped by JBG and New York architect Morris Adjmi, currently stands as a fairly dilapidated set of abandoned buildings surrounded by residential pockets and, of course, the 9:30 Club. But the developers expect to begin demolition and have prepared concept-designs later this summer and to have finished the development completely by early 2015, according to the project manager, JBG's James Nozar.

The area is split into three parcels, not-so-confusingly denoted as A, B and C. Parcel C is north of Florida, include a “burned out shell of a church, a warehouse and a parking lot,” but this site is on hold at the moment.

Parcel A is next to the 9:30 Club, on the northwest corner of 8th and V streets. It’s abandoned save for the small bit of real estate the 9:30 Club uses as storage. The inconspicuous collection of buildings will be replaced by a 10-story building, and will be the first to start construction.

Morris Adjmi, James Nozar, JBG, Atlantic Plumbing, Shaw, 9:30 Club, Washington DCParcel B is to the south and is essentially a 13,000 s.f. square (redundant as a square foot square is). A 6-story building - shorter because it falls within the arts overlay while Parcel A does not - is slated to pop up here.

The site was originally subject to a PUD obtained by Broadway Development in a joint venture with Walton Street Capital. JBG bought the property at auction, though Walton Street Capital remains a joint venture partner.  The PUD has since expired. Nozar expects the new development to span 350,000 s.f. and include 350 units over a floor or two of 5,000 to 15,000 s.f. of retail and for Parcels A and B to be under construction by next spring or summer.

Walton Street Capitol, Washington DC Development, Morris Adjmi, JBG retail for lease “Our plan is to go in under the current zoning and move forward with that without asking for any zoning release,” Nozar said. He hopes the new retail will feed off the existing retail, especially the large crowds drawn almost nightly by the 9:30 Club’s concerts.

“We really want to engage existing retail that’s there,” Nozar said. “We want to take advantage of the activity that’s there on the street. The 9:30 Club is always going to be there. There’s always going to be people on the street.”

With the purpose of having the site retain a “grittier, more arts and cultural oriented” feel, JBG hired New Orleans native Morris Adjmi as its architect based on designs the development team had seen in Brooklyn (see photos above). With Adjmi, JBG felt it could create contemporary design while being true to the neighborhood.

“We thought the area has a grittier, edgier feel. It kind of has a Brooklyn kind of vibe, at least as far D.C. has that,” Nozar said. “We want the building to feel like its always been part of the neighborhood."  Adjmi said he wants to draw on the “context of what is there now: a mix of industrial forms and … vines and plants overtaking some of the buildings.”

“I like this idea of mixing in the industrial landscape and combining that with some really natural green elements,” Adjmi said. “I think those together will fit into the site and be really interesting architecturally.”

Adjmi has an interest not just in making the buildings seem like they’ve always belonged, but in making them seem like they’ve always been there.

 “I grew up in New Orleans, and I was always fascinated by two things: the incredible architecture but the fact that that architecture almost looks better in its arrested and decaying state,” he said. “It’s possible to build architecture that relates to both history and the context of the place but transcends the simple mimicking of forms.”


Presumably referring to a Washington City Paper article, Nozar said JBG has “gotten some flak from reporters from bringing in architects who aren’t in D.C., but we did that on purpose.” Lydia Depillis of the City Paper, in an update on that post, calls the headline “a mildly sarcastic indignation over a New York architect coming to Washington,” but many of the commenters seem earnestly peeved about the out-of-towner. 

Adjmi said he has no intentions of making the building look like a "New York Building." “I don’t want this building to look like it flew in from New York. I want it to look like it belongs there,” he said. “Nobody’s going to know where I’m from when they see the buildings.” 

Washington D.C. retail and commercial real estate news


Thursday, May 03, 2012

NoMa's Capitol Square Hotel to Break Ground This Summer

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 Phase One of JBG's long-delayed Capitol Square mixed-use megadevelopment is finally set to break ground, with future phases scheduled for completion over approximately the next five years.

"The first phase of our Capitol Square project, a 200-room Hyatt Place hotel, is scheduled to start construction this summer and be complete by the end of 2013," said a source at JBG.  "The office, residential, and retail will follow in future phases."

Capitol Square will go up on the triangular wedge of land bounded by New York Avenue, First Street, and North Capitol Street, currently the site of the defunct New York Avenue Car Wash, nightclub Mirrors, a Covenant House youth shelter, and an older office building, also named Capitol Square (a name so catchy they had to use it twice).  Phase one, represented by the aforementioned hotel, will be located on the west end of the site, adjacent to where Covenant House is currently located.  The massive new office-residential-hotel-retail project will eventually bring over 2 million square feet of leasable space to NoMa, including 85,000 square feet of ground floor retail space.  Capitol Square is one of four properties in the District being developed under the umbrella of JBG Urban, a multibillion-dollar joint venture between JBG and real estate investment management firm MacFarlane Partners.

The project represents a major step in the continuing revitalization of NoMa which, despite all the hype, is still very much a work in progress.  While various real estate brochures and promotional literature like to cite the area's sizeable daytime population (NoMa BID estimates 40,000), this number glosses over the fact that after the proverbial closing time whistle, NoMa still becomes eerily quiet, though this and many other projects in the works will do much to amend that reality.

The area's bottleneck entrance from the north will presumably be alleviated by street improvements that are part of the Capitol Square project, as well as MRP's upcoming Washington Gateway project at nearby New York and Florida Avenues, which promises a "European plaza experience," featuring widened sidewalks, promenades, and sidewalk cafes.  NoMa has come a long way from when the term "neighborhood" could barely be applied to the area, but for now it remains a work in progress.

Washington, D.C. real estate development news

Friday, April 13, 2012

Planning Board OKs JBG's New Woodmont East Plans

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JBG Companies on Thursday received unanimous support from the Montgomery County Planning Board for its amended Woodmont East plans that more than double the lot size and revive a previously eliminated hotel.

JBG already planned to build in the same block at 7200 Woodmont Avenue, located between Elm Street and Bethesda Avenue. Shalom Baranes Associates designed the project with landscape design by Oehme van Sweden Landscape Architects.

Plans for the new section involve constructing two additional floors of office space on the existing Artery Building, adding retail space along the ground level, and building a new 182,950 s.f. hotel.
The hotel (center) and office/retail space along Bethesda Avenue

Amended plans also add 168,950 s.f. of office space, 25,088 s.f. of retail space and eliminate 22,974 s.f. of space for the 210 residential units.

Incorporation of the Capital Crescent Trail (mostly the alternate route along Bethesda Avenue) continued to raise concerns for the Board. Some feared that the increased foot traffic along Bethesda Avenue could create safety and logistical problems for trail users. But they ultimately were satisfied with the plan to use landscaping, curbs, outdoor dining areas and pavement changes to separate the sidewalk from the trail.

Trail construction hinges on the future Purple Line, Lot 31, and third-phase construction. All parties agreed that if the trail benchmarks are reached after construction of the second phase and before the third phase starts, the company can choose to either build the trail or pay the county to do it.

The Board did not raise any significant concerns with the rest of the plan. If fully constructed, Woodmont East would provide a link extending the revamped downtown area.

JBG's Holly Hull said the development is "extending and celebrating Bethesda Row."

Woodmont East will focus on the pedestrian experiences, presenters said. Following the lead of Bethesda Row, the sidewalks will be next to retail spaces. Outdoor dining will be pushed way from the buildings to keep the sidewalks clear. Artistic benches scattered throughout the property offer a place to "lounge." And building setbacks will give the appearance of low building heights.

Robert Sponseller, principal at Shalom Baranes Associates, said they strayed from the standard approach in designing this project. "We have designed from the public space up."

When completed, Woodmont East will have more than 1 million square feet of new and repurposed office, retail, residential and hotel space. Construction could start as early as 2013.

Bethesda, Maryland, real estate development news

Monday, March 12, 2012

Sky House Kicks Off in Southwest

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As the re-remoderization of Southwest Washington D.C. continues, this time without a Soviet flare, Urban Atlantic Development and JBG have started work on the transformation of Sky House I & II, the concrete layers of the old EPA government building on 1150 4th Street, and across the street at 1151 4th Street. With Wiencek & Associates Architects & Planners on board for the exterior and RD Jones + Associates for the interiors, the project will deliver some 530 units to the Southwest Waterfront area in late 2013 or early 2014.
The development team is keen on delivering an environmentally sustainable, LEED certified, twin building project. This project is another step continued revitalization of housing in the Southwest quadrant. With a mix of studio, one & two bedroom units, with the average unit size only 675 s.f. The two buildings will have different ownership structures, but both will have 20% of the units set aside for affordable housing. With the two tallest buildings in Southwest, developers are touting the unique views ("Sky") available from the rooftop deck and pool. The Sky projects complete the area around Waterfront Station - at least until the surface parking lots are addressed - with the office complex having completed in 2009, Safeway having reopened in the spring of 2010, and Waterfront Towers having converted to condos in 2009.

There will be a "groundbreaking" ceremony with Mayor Vincent Gray in attendance today at 9:30am.
Washington D.C. real estate development news

Thursday, March 08, 2012

MoCo Approves North Bethesda Market II

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The Montgomery County Planning Board approved plans for the JBG Companies and MacFarlane Partners' North Bethesda Market II last week, continuing the area's stunning streak of approved megadevelopments.
While the name "North Bethesda Market II" may conjure visions of one of those upscale bodegas that has prosciutto and a surprisingly good wine aisle, that is not the case here. North Bethesda Market II will consist of four separate structures offering as many as 414 residential units and 368,000 square feet of retail. The roster of tenants is stacked with heavyweights; Whole Foods, L.A. Fitness, Arhaus, Seasons 52, and Brio, with others to come. The centrally-located 4.4 acre site is a block from the White Flint metro station, across from White Flint Mall, and just west of Rockville Pike. Of course, it's also right next door toNorth Bethesda Market I (which features the tallest building in Montgomery County).

"NBM1 has been very successful," said Charlie Maier, spokesman for JBG, when asked about the follow-up project. "The site used to be a one-level motel and now it's a model for development in the Wisconsin Avenue corridor." Maier also said JBG is looking to 4Q 2012 for groundbreaking.

The centerpiece of NBMII is a 26-story, nearly 300 foot tall residential tower that will eclipse its sibling development's tower as the tallest structure in MoCo. The Stu
dios Architecture-designed monolith features a stepped facade and balconies that will look out onto a European-influenced interior plaza designed by landscape architects Olin. The eye-catching building is sloped slightly backwards to catch the maximum amount of sunlight and, like the other three buildings, will feature a green roof. Architectural journals have gushed over the design, and the Washington Post likened it to "a Mayan Temple whose glass bricks have been shaken earthquake-like out of position." Units are planned as rentals, though developers have kept the condominium option open. Elsewhere in the development, developers also plan a movie theater with 175,000 square feet of office space above.

The development continues the recent(ish) trend of transitioning sprawling 50s-style car-centric low-slung areas into dense, vertical, mixed-use, pedestrian-friendly urban-style areas, leading to the question of, five years from now, will there be anything left for me to make snarky remarks about at dinner parties? Revitalization in White Flint was catalyzed (much as it was in adjacent Wheaton), when Montgomery County planners approved an updated White Flint Sector Master Plan in early 2010, and shows no signs of slowing down. Aside from the North Bethesda Markets, the Pike and Rose gained approval in February, and the Falkland Chase whole-block development was approved in January.

Montgomery County 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

Wednesday, February 29, 2012

Alexandria, Private Developers Tout Ambitious Beauregard Corridor Revitalization Plans

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Alexandria city officials and their private-sector partners have spent February on a virtual barnstorming tour, touting their plan to revitalize the Beauregard Corridor in Alexandria. The thirty-year plan calls for the 440-acre, seven-neighborhood area to undergo a dramatic increase in density (from 5.5 to 12.5 million square feet, including 703 new dwellings) while preserving and enhancing its unique topographical and green features. The remaking of the corridor is a joint venture between the city and the Beauregard Corridor Developer Stakeholders, a group whose membership includes local developer The JBG Companies, Duke Realty, Hekemian & Co., Home Properties and Southern Towers.

Big picture, the Beauregard Small Area Plan seeks to do what nearly all present-day redevelopment does - reverse the missteps of the past. Surface parking becomes public green spaces, sprawl becomes density, and auto-centric planning gives way to pedestrians, bikes, and mass transit. Planners envision the area transforming into a “garden city,” citing Roland Park in Baltimore as a model, with curving streets, courtyards, front yards, and greenways, all of it roughly bisected by the newly landscaped North Beauregard Street.

Planners also recommend the strict definition of seven distinct neighborhoods – Greenway, Garden District, Town Center, Southern Towers, Adams, Upland Park, Seminary Overlook – each with a central park. Developers have already claimed their neighborhoods; JBG (whose parcel looks to be at least as large as the other four parcels put together) has staked out almost the entire western half of the corridor (Greenway, Garden District, and Town Center. Hey, at least they didn't go with “JBGTown.”) Directly adjacent to the east is the oblong Duke Realty parcel (Adams), and along the east side, from top to bottom, are the more moderately-sized parcels of Hekemian (Upland) , Southern Towers, (Southern Towers) and Home Properties (Seminary Overlook), respectively. The logic behind the demarcation of the neighborhoods - which at present range from low to medium density - isn't entirely clear. The developers do own property within the borders of their designated neighborhoods - JBG, for example, already owns the Shops at Mark Center, as well as various apartment buildings along North Beauregard, and Home Properties owns apartments in Seminary Hill - but it's unclear how the apportioning was done (and by whom?), how binding it is, and how many of the purchases predated the mapping process.



It's still early for details about specific businesses, and representatives at recent meetings were vague or simply had nothing to report. However, planners have included three retail nodes in their plans – one in the west, in Town Center, and two in the east, in Upland and Southern Towers. These will be coveted locations for businesses – though Landmark Mall is close by, slightly to the southeast.

In exchange for access to development opportunities in the Corridor, the conglomerate has agreed to contribute just under $150 million towards a new fire station, road improvements, green public spaces, and affordable housing. The public reaction has not, however, been unanimously positive. On the public comment page the city set up, many citizens pointed out that the "townhome" style housing options would price out many of the current tenants. Others questioned the urgency behind the rollout, and wondered if it was a veiled effort by the city to raise density in the area to make up for lost tax revenues from the massive DOD facility at the Mark Center. Some questioned whether the proposed degree of density could be supported without a Metro stop (which isn't forthcoming), while still others objected on aesthetic grounds, calling it a "stepford wives" community.

The city replied by citing the surrounding areas and their projected development figures – Landmark/Van Dorn to the south plans 12 million square feet(!), Bailey's Crossroads to the north will get 5.5 million square feet - which, they say, will drastically alter
transportation and development patterns in the area, isolating and undermining Beauregard if it doesn't follow suit. Whether this is a real worry or the municipal equivalent to “keeping up with the neighbors” remains to be seen. That being said, the plan as it stands does look to be a clear improvement on the present state of the area.
If you have an opinion you'd like to share with the city or with developers, the next community meeting is on March 6. You can also weigh in online, on the citizen comment board.



Tuesday, February 21, 2012

"Louis at 14th" Development Unveiled

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In a heated tent at the end of a long crushed velvet carpet on 14th St. today, JBG, Georgetown Strategic Capital and city officials symbolically (but not literally) broke ground on the long-discussed “Louis at 14th”, a 267-unit, 42,000-square foot mixed-use megadevelopment.
Formerly called "Utopia" and in the works since 2006, entitlements are finally in place and demolition has begun for a dramatic makeover of what developers called “the greatest intersection in the District.” According to today’s press release, the Eric Colbert and Associates-designed building will offer amenities including a rooftop terrace with grilling stations and fire pits, a rooftop pool (with bar), a fitness center, and a 24-hour concierge. Historic facades along U Street will be preserved, though many (but not all) facades along 14th are slated for imminent demolition. Surely developers were buoyed by the high rents and recent high sales price of the Ellington apartments almost across the street.

If the prestige of a project is in direct proportion to the swank factor of its groundbreaking ceremony, the Louis should be very swank indeed. Aside from the aforementioned velvet carpet (and ropes), there was an open bar (so forgive any typos), as well as a solo saxophonist providing ubersmooth accompaniment as various development titans rubbed elbows with Councilmembers Michael Brown and Jim Graham, as well as Mayor Vincent Gray. When it was time to unveil the new renderings, a male model done up as Louis the XIV (get it?), complete with powdered wig, hose, and lace waistcoat, entered stage left.

But although the ceremony was long on flash, it was short on specifics. Mayor Gray made a vague, campaign-trail-ish speech, made frequent reference to his local roots, and arched his eyebrows a lot, Councilman Brown did his Obama thing (in fairness, he does a great Obama), made even more frequent reference to his local roots, and called for a comical number of rounds of applause (this blogger might have been the only person in attendance who did not, at some point, get applauded), and Councilman Graham regaled the crowd with reminiscences from his days at Whitman-Walker, and how volunteers used to refuse to set foot on the mean streets of 14th and S Streets.
But there was little talk of future retailers. Though there were vague murmurs of unsubstantiated rumors – Trader Joe’s? – firm information was in short supply. This blogger circulated to try and confirm a rumor about a possible flagship tenant, but no one could confirm or deny. In fact, by 5 o’clock, most of the attention was on the open bar, and on snapping iPhone pics of the guy dressed like Louis the 14th.
Washington D.C. real estate development news

Monday, February 20, 2012

JBG Celebrates 14th & U Street Groundbreaking on Tuesday

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JBG Companies' Utopia Project at the corner of 14th Street and U Streets, will be commissioned tomorrow, beginning what all parties hope will be imminent construction.

City dignitaries, including Mayor Vincent Gray, Councilmembers Jack Evans, Jim Graham and Michael Brown, plan a public unveiling of the development, which will be known as The Louis at 14th, beginning 4pm on Tuesday at 1920 14th Street, NW.

JBG, in conjunction with Georgetown Strategic Capital, will include more than 200 rental units and 20,000 s.f. of new retail along the 1900 block of 14th Street, amid the fast-growing Logan Circle/U Street neighborhood, replacing a low-slung series of fast-food chain restaurants while preserving retail along U Street.

Georgetown Strategic Capital originally got zoning approval for the project back in November 2008, but the economy dashed plans for any quick construction. GSC was granted a two-year extension for the site, as principal Robert Moore sought to wrap up more than $93.5 million needed to finance the project.

The design, by Eric Colbert & Associates, will also include a rooftop pool, nearly 150 parking spaces and will be 90 feet high at its tallest point. The historic facades along U Street will be saved while the buildings along 14th Street will be demolished.

Washington D.C. real estate development news

Tuesday, February 07, 2012

MRP and JBG To Develop the Exchange At Potomac Yard

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MRP Realty and JBG Companies this week announced plans to jointly develop a new 1.9 million s.f. mixed use project at Potomac Yard, just one mile south of Reagan National Airport.

The joint-venture plans for the 17-acre development along Route 1, to be known as The Exchange, call for a town center featuring 800,000 s.f. of office and hotel space, with two hotels offering 625 rooms, along with 534 residences. The town center will include a plaza that features a seasonal ice skating rink.

SK&I is the residential architect and Gensler the master planner, according to MRP spokeswoman Julie Chase. MRP also hired SK&I and Gensler for its Washington Gateway project, set to break ground this year.

The development will also be served by the region's only Bus Rapid Transit system which could begin operating along Route 1 by 2013-2014. Further out, the long-awaited infill-station on the Metro's Blue and Yellow Line could serve both Potomac Yard shoppers, located just north of the planned development, and The Exchange residents and office workers.

Metro is in the process of drafting an Environmental Impact Statement on how to best locate and construct the infill station site and a final decision on the station is expected in late 2013.

Groundbreaking for The Exchange development's infrastructure began in December 2011 and construction on the first 323 residences will commence in the second quarter of 2012, the companies said.

Arlington, Virginia real estate development news

Friday, January 27, 2012

801 New Jersey Ave Walmart Set To Break Ground In Spring, Spokesman for JBG Says

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The planned Walmart at 801 New Jersey Ave. NW will break ground by spring, according to a spokesman on behalf of developer JBG Companies, one of six stores the world's largest retailer will bring to the District of Columbia.

"The planning and preparation is moving ahead quickly," said Charlie Maier, an outside spokesman on behalf of Chevy Chase-based JBG Companies. JBG Rosenfeld, JBG's sister company which focuses on mixed-use retail and will also partner on the project. Walmart has already signed its lease for the site, which will be known going forward as 77 H, as it will line up along H Street on its southern edge.

MV+A Architects, which designed the Whole Foods at 15th and P as well as mixed-use projects in Tyson's Corner, Alexandria and Herndon, along with The Preston Partnership, creator of the Kentlands plan in Gaithersburg will serve as designers, Maier said. JBG has already gotten its construction and zoning permits for the apartment and retail complex that will be built on the site, he said. "We've already started planning for a groundbreaking," he said.

Earlier this week, parts of the Ward 6 site along H Street, not far from Massachusetts Ave., and Union Station had been fenced-off and signage erected. The complex will include about 300 apartments on 280,000 feet along H Street and an 80,000 square-foot store. The red-brick exterior matches other commercial buildings in the area, including the Chicago-style Government Printing Office at North Capitol and H Street and 800 North Capitol, which was built in 1991 and designed by Hartman-Cox Architects

The entrance of red-state Walmart into deep-blue D.C. is not without controversy. As with other proposed Walmart openings in other states, many local businesses feared losing out to the retail giant, a view backed by unions like the United Food and Commercial Workers union, which represented Safeway and Giant workers in the District, who said their members would be threatened by Walmart's lower wages and benefits.

Walmart, in response, launched a Web site to help convince skeptical residents and activists that its presence would be a boon to improving access to groceries in poorer neighborhoods as well as provide jobs to DC residents, at least 1,200 spread out amid the six stores, and also 400 construction jobs. Walmart says that Washingtonians spent $40 million at its stores outside the District in 2010. Walmart also noted that the stores would contribute $10 million a year in tax revenue to the District. "The District is anxious to see something happen," Maier said. "It's not all 100 percent approved but its pretty close," he said.

Walmart now has expanded its plans in the District to six stores, all of which it says will be open before the end of 2012. Besides New Jersey Ave, there will be two in Ward 4 with one at Georgia Ave and Missouri Ave. (rendering at right), where some site prep work is happening as well.

Another store, known as Fort Totten Square will be built at Riggs Road NE and South Dakota Ave. NE (rendering above). Another is planned for Ward 5 at New York Avenue at Bladensburg Road, while two are planned for Ward 7, at East Capitol and 58th and one at Good Hope Road and Alabama Ave.

Washington D.C. real estate development news

Thursday, January 26, 2012

JBG Releases New Renderings for Sedona | Slate

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JBG Companies has released new renderings of its Rosslyn project Sedona | Slate. The two-building apartment project, now under construction, will also feature 25 townhouses and 55 units of subsidized housing. Officials at JBG say the project will be complete by the first quarter of next year. Clark Construction is building the project designed by Architects Collaborative, Collins & Kronstadt is the architect of record. Both apartment buildings are expected to be LEED Silver Certified.

Sedona

Slate

Arlington, Virginia real estate development news
 

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