Showing posts with label Landex Corp.. Show all posts
Showing posts with label Landex Corp.. Show all posts

Wednesday, May 30, 2012

Thayer Avenue Condos Reborn as Subsidized Housing

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The long-moribund Silver Spring condo project at 814 Thayer Avenue, the former site of the National Association of the Deaf (NAD), has been reconceptualized by a new developer as an affordable housing complex.

The amended site plan was recommended for approval by Montgomery County planners earlier this month.  While the amount of public space has remained the same, at just over 40,000 s.f., new developer Landex Companies has dramatically upped the percentage of affordable housing units, in order to qualify for affordable housing tax credits.

"Before, the project had only allocated seven units [out of a total 52] as affordable," says Elza Hisel-McCoy, Program Manager at the Maryland-National Capital Park and Planning Commission. "Which was the minimum allowed.  Now they've upped that to forty-two units."  The remaining twenty percent of units will be rented at unrestricted market rates.

Architect Wiencek + Associates has also made significant improvements to the overall design, at least in Hizel-McCoy's opinion.  "Before, it was a scissoring facade, alternating floors so the building had a prow," says Hizel-McCoy.  "But now it's a triangle.  There's a single triangular area along the sidewalk - they've come up with a design that integrates the sidewalk and public space much more seamlessly than the previous design."

Landex acquired the 0.64-acre Thayer Avenue property on contract from the previous developer, 814 Thayer LLC (which was a joint venture between Banneker Ventures and Four Points, LLC) 18 months ago, according to Peter Siegel, CEO at Landex.

"We're hoping to close in August on construction financing," confirms Siegel.  "So we'd start construction in late August, with completion taking 12-14 months."

Maryland-based Landex Companies specializes in mixed-income developments, and manages over two dozen properties in Maryland.

UPDATE:  This project is a joint venture between Landex Companies and the Warrenton Group.


Silver Spring Maryland real estate development news

Wednesday, August 11, 2010

"The Avenue" (Park Morton Phase One) Unveiled

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Once again, neighborhood-blog fiends have a reason to saturate the online comments board with rabid debate over the merits of affordable housing. Yes, more Ward One "workforce housing" construction is set to get under way early next year, as the DC Council recently approved a loan injection of $16.5 million to jump-start the Park Morton redevelopment project. With a bit of pomp and optimism, developers have officially dubbed the first phase of the project "The Avenue." The much neglected area could certainly use an infusion of pride and confidence in addition to this desperately needed residential development. Located on the southwest corner of Newton Place and Georgia Avenue, 83 apartments will be built on three parcels of vacant land. Twenty-seven units of the 7-story building will be reserved as "public housing," while the remaining units will be classified as "affordable housing," serving residents with up to 60% of the area median income (AMI). Last month, in accordance with the Georgia Avenue Overlay District, The Avenue was reviewed and approved for construction by the BZA.

The broad-scoped $130 million, 500-unit Park Morton redevelopment project is a dual partnership between the Warrenton Group and the Landex Companies. Wiencek & Associates Architects & Planners are currently completing the designs for the phase one building. General contractors Hamel Builders will carry out the construction, which could begin as early as December 1st. But in all likelihood, ground will break sometime in January of next year. Once started, construction is expected to last 14 months. The PUD application process for the subsequent phases of the redevelopment plans will begin in tandem with initial construction, with the goal of transitioning rather smoothly and quickly from phase one completion to phase two construction. The general intention for the entire redevelopment project is aimed at securing quality living quarters for the current public housing tenants (phase one) that will allow the construction of the new higher density residencies (later phases) - the proportion of purely public housing in the area diminished as the planned mixed-income projects come to life. Upon the completion of all phases, the new housing will follow the rule of thirds, units divided evenly between public housing, affordable or workforce housing, and market rate housing.

The hope of developers and the design team is to amass a work of architecture that exudes modernity and sophistication, to challenge preconceived notions about "affordable housing" by using high quality materials and employing an elegant design on the exterior as well as the interior. The focal point of the design is the central corner of the building at the intersection of Georgia and Newton, where a two-story glassy entrance way, accented by a timber curtain wall, attracts the attention of the onlooker. A cutout top level terrace disrupts the plain single-box shape of the brick building, giving texture to the building, and drawing the eye up along the cornerstone of the design (pun intended). When addressing the Georgia Avenue frontage, like any good painting, the canvas is partitioned into a foreground, middle, and background, or more appropriately a bottom, middle, and top. The bottom floor is pronounced by large glass and metal, protruding store fronts that will house retail upon completion. The brick middle section is accented by boxy, extended bay windows, while the top of the building dissolves plainly and gently into the skyline. The opposite building frontage along Newton Place is an asymmetrical doubling of the Georgia Avenue design elements. The bay windows are stepped down to the first three levels so as to better transition the building across the alleyway and into the neighboring townhouse facades. This allows for a milder, friendlier, more residential feel on Newton place, and a slightly bolder, urban flavor on the more commercially-geared Georgia Avenue.

Amenities for The Avenue building include a spacious entrance lobby, featuring a wide, monumental staircase, leading up to a glass walled fitness room on the second floor. The interplay of elevation change, sight angles, and visible space provide for an open feel. The building will also feature an open and exposed internet lounge, complete with computers and printers - enabling work but also encouraging networking and social interaction. An elevator to the roof will access two landscaped rooftop terraces, one of which will be outfitted with numerous planters for community gardening opportunities. This green roof will not only provide residents a chance at producing healthy produce, but also lower the energy bill by decreasing the solar load on the flat building top. Other sustainable aspects include the exclusion of carpet and all mold-propagating building materials, floors will be a combination of wood and tiles, and bathrooms will be purely ceramic tiles. The steel frame of the building will be reinforced with insulating sheeting to prevent temperature transfer and help maintain a consistent indoor climate. The building will be equipped with high efficiency heat pumps, and solar energy panels on the roof will provide hot water for a communal laundry facility. Builders will replace all sidewalks with brick pavers, granite curbs, and two rows of continuous planter strips, where trees, shrubs, and flowers will bring shade, color, and life to the public space. Classic twin-fixture lighting will illuminate the sidewalk along Newton in the evening, and the elimination of two curb cuts will allow for increased on-street parking. Also included in the plan is a 29 space below-grade parking garage.

Developers admitted there are challenges to producing mixed-income projects, including the task of overcoming negative perceptions about the neighborhood and the stigma of mixed-income residencies. But architect Scott Knudson explained that such a test is most effectively bested by setting a lofty bar of excellence. "The way to overcome such notions is by setting a high architectural standard and creating a building worthy of residents of all income levels," said Knudson, arguing that quality and style were not sacrificed here to meet budget. The designer's commitment to excellence extended to their refusal to compromise on small details like ceiling height and top-of-the-line kitchen appliances. Knudson says the design process for each new building will be approached and evaluated on a project by project basis; and new designs will refrain from replicating too closely the appearance of the first apartment building; "neighborhoods are richest when developed over time, and this phased process encourages both consistency and a sense of texture and variety."

Washington Real Estate Development News

Monday, January 25, 2010

Central Union Mission Pursues Gales School, Again

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The District has issued a Request for Proposals to revive the Gales School at 65 Massachusetts Avenue, NW. Officials must be hoping for a better result than the previous efforts to develop the building shell, a swap with the Central Union Mission for its land at 3500 Georgia Avenue - a site that might now be part of the Park Morton Development. The announcement indicated DC was seeking offers from private companies and non-profits to renovate the historic building (circa 1881) and operate it as a homeless shelter, capable of serving upwards of 150 people each night. The RFP is the first sign that the furor over previous efforts have subsided, and the dilapidated building will once again provide services to the city's homeless.

The District ran the building as a homeless shelter between 2000 and 2004. In the proposed trade, DC would have gained the Georgia Avenue property and the Mission would get use of the school as a shelter, plus an additional $7 million. But the exchange was derailed by an America Civil Liberties Union lawsuit claiming an Establishment Clause violation - i.e. separation of church and state - because the trade would, according to the suit, result in a "net gain" of $12 million for the Mission, which the ACLU objected to because the Mission requires homeless men to participate in religious services in return for room, board and counseling services.

In the face of the lawsuit, the Mission proposed to move the shelter to Georgia Avenue, only to face fierce community opposition to a homeless shelter and more opposition when the plan changed to a mixed-use residential and office project. That changed in October when DC Officials announced that the development team of the Park Morton Project, Park View Partners (Landex Corp., Warrenton Group and Spectrum Management), would be absorbing the Central Union Mission Property as part of Park Morton, though Park View has not yet solidified that agreement with the Mission. (Image below at left)

David Treadwell, Executive Director of the Central Union Mission, said that the deal with Park View Partners is a "long-term contract" that cannot be finalized until negotiations between the District and the developers are completed. That said, the property is "off the table as far as a swap with the government goes" said Treadwell. With the swap option gone and the $7 million spent long ago elsewhere, the Mission will now compete for the Gales School. Treadwell said it was his understanding that the concerns raised in the lawsuit had more to do with the cash payments than with the land swap, so the Mission will submit a response to the Gales School RFP.

Treadwell added that he hopes the new proposal will "work for everybody, that is fair to everybody and acceptable to the community" because the Gales School is a "great location for serving the poor and the homeless." Still, the Mission's offer will depend on its ability to raise funds for a project that ultimately will not be a revenue creator, and which may be torpedoed again if perceived to contain any sort of subsidy, a problem that non-religious organizations would not face. Treadwell said the Mission's offer will likely call for an addition to the building of approximately 5,000 s.f. for a new kitchen, classrooms and storage space to serve 150 or more men a night. The project will likely cost $12 to $14 million, "we are entering with fear and trepidation," said Treadwell.

As for the lawsuit, Treadwell said he cannot speak for the ACLU or other parties of the suit as to whether the new arrangements and changes to the original plans will have resolved any concerns. The Gales School was designed by Edward Clark, the Architect of the Capitol, and named for DC's 8th Mayor.

Washington, DC real estate and development news

Friday, October 09, 2009

Mission Says "Maybe" to Park Morton

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Washington DC commercial real estate newsAfter Wednesday's press conference announcing the DC government's award of the enormous Park Morton contract to Landex Corp., Warrenton Group, and Spectrum Management, DCMud promptly reported the more surprising revelation by Councilman Jim Graham that the District would roll the controversial Central Union Mission site into the Park Morton project - a win for the Park View Partners (Landex, et. al.), who get more area to work with, for the Mission, which gets bought out of a neighborhood that has fought the project from the beginning, and for the neighborhood, which slams the door on an unwanted neighbor. The problem? Neither the Park Mortonians nor the District of Columbia ever quite finalized any such agreement with the Mission. While officials have been working closely with owners of the Mission to reach such an agreement for "some time," sources at the DC government say the Mission is continuing to pursue its own zoning approval to relocate to the site, as we reported earlier, but also to negotiate with other suitors. While things may fall into place, they're not there yet.

Washington DC commercial property news

Wednesday, October 07, 2009

Park Morton Gets a Two-For

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Washington DC commercial property brokerageJPark Morton, Landex Corp., Warrenton Group and Spectrum Management, Wiencek ARchitects, Penrose Properties, Washington DCust over a year after DC announced the Request for Proposals (RFP) concerning the $130 million initiative to redevelop Columbia Height's Park Morton public housing complex, DC Mayor Adrian Fenty chose Park View Partners (Landex Corp., Warrenton Group and Spectrum Management) to move forward with their plan for 500 new units of affordable, work force and market-rate housing and a 10,000 s.f. park. The architect for the project is Wiencek and Associates. In a surprise move officials described as a"two-for," the Park Morton developers will also absorb the land on Georgia Avenue currently owned by the Central Union Mission to bring a wealth of mixed-use development to the Georgia Avenue Corridor. A ground breaking date was not announced. Washington DC commercial real estate development teamThe Park View team won out over the narrowed down field of teams named in March including the Park Morton Partners (Pennrose Properties, LLC, FM Atlantic, LLC, and Harrison Adaoha, LLC) and the other Park Morton Partners (Neighborhood Development Company and Community Builders, Inc.). Deputy Mayor for Planning and Economic Development, Valerie Santos, praised Landex for it's experience in successfully completing redevelopment projects of distressed urban housing, including HOPE VI projects, in cities along the East Coast. The announcement about Central Union Mission came as a surprise, as the group recently went before the Board of Zoning Adjustment (BZA) and carried out a series of community meetings about their planned development at Georgia Avenue and Newton Place. According to Catherine Fennell, a consultant working as the Project Manager with the Warrenton Group, the Mission continued moving forward while the award for Landex was pending. But Fennell indicated the two groups have been working on their agreement and will make the purchase official now that the award for Park Morton was announced. The Park Morton project is one of four designated New Communities, an initiative begun by Former Mayor Anthony Williams. Others include Barry Farm, Northwest One, and Lincoln Heights/Richardson Dwellings, all of which, the Mayor today promised, would continue forward with a guarantee of "no displacement" for current residents.

Washington DC commercial real estate news
 

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