After years of planning and dreaming, it appears residential development is about to begin near Fort Totten metro, one of the few stations that has not seen a construction boom over the past years. Work is about to start on Phase I of The Dakotas, a $300 million, 10-acre project containing 800 mixed-income condo units and apartments, a grocery store and restaurant, plus needed retail stores for the area (80,000 sf of retail total). The Dakotas will be located at Riggs Road and South Dakota Avenue (on both sides of Riggs), just a block or so from the metro station. The developers for this project are Lowe Enterprises, Jack Sophie Development and Ellis Denning Properties, who also envision creating landscaped green space for public use, along with well-lit and landscaped pathways connecting The Dakotas and the Fort Totten metro station. The project will be comprised of low-rise, wood-framed buildings, with fitness rooms and rook decks for residents. The condos are expected to be priced starting in the upper $100,000s for a studio to almost $400,000 for two-bedroom and den units. Development of this size has not occurred yet in this part of town, so it will be interesting to see if and how it transforms the area, and if it sparks some more development for this corner of upper Northeast DC.
Showing posts with label Lowe Enterprises. Show all posts
Showing posts with label Lowe Enterprises. Show all posts
Wednesday, January 31, 2007
Dakotas Condo Project Near Fort Totten Ready To Roll
After years of planning and dreaming, it appears residential development is about to begin near Fort Totten metro, one of the few stations that has not seen a construction boom over the past years. Work is about to start on Phase I of The Dakotas, a $300 million, 10-acre project containing 800 mixed-income condo units and apartments, a grocery store and restaurant, plus needed retail stores for the area (80,000 sf of retail total). The Dakotas will be located at Riggs Road and South Dakota Avenue (on both sides of Riggs), just a block or so from the metro station. The developers for this project are Lowe Enterprises, Jack Sophie Development and Ellis Denning Properties, who also envision creating landscaped green space for public use, along with well-lit and landscaped pathways connecting The Dakotas and the Fort Totten metro station. The project will be comprised of low-rise, wood-framed buildings, with fitness rooms and rook decks for residents. The condos are expected to be priced starting in the upper $100,000s for a studio to almost $400,000 for two-bedroom and den units. Development of this size has not occurred yet in this part of town, so it will be interesting to see if and how it transforms the area, and if it sparks some more development for this corner of upper Northeast DC.
Thursday, August 03, 2006
Ft. Totten to See Major Mixed-Use Project
Lowe Enterprises has announced they intend to develop approximately 9 acres of land next to the Ft. Totten Metro station after having joined two local developers that recently purchased the land. The Metro station serves both the Red and Green lines but the area, isolated by the CSX lines that bisect the neighborhood, has seen no residential or commercial development - until now. The project is intended to add for-sale and rental housing and substantial retail space, though the composition of the development has not yet been finalized. Though the Metro stop is known more as a dot on the Metro map than a destination, Centex and Clark Realty Capital have both announced large projects nearby - making Ft. Totten the next Petworth (which is the next Columbia Heights - which is the next U Street). Clark's project, already begun, will provide several hundred rental units to the area.
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