Showing posts with label MTFA Architecture. Show all posts
Showing posts with label MTFA Architecture. Show all posts

Wednesday, October 26, 2011

Two Competitions to Redesign Portions of the National Mall: One For Creativity's Sake, One for Keeps

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Over 1,500 professional and aspiring architects and designers, from around the world, have submitted designs to the two ongoing competitions offering the artistically minded an opportunity to make a mark on the National Mall. One competition is officially connected to the National Park Service, and has just selected 15 professional design teams, after three days of consideration by an eight-person jury, to move on to Stage II of the National Mall Design Competition to redesign three areas of the Mall: Union Square at the foot of the Capitol, Constitution Gardens near the Lincoln Memorial, and the Washington Monument Grounds at Sylvan Theater. For each of the three redesign areas, six design teams were selected, with a few teams selected as finalists in two areas: the Diller Scofidio Renfro & Hood Design team is a finalist for both Union Square and the Washington Monument Grounds portion; the Rogers Marvel Architects & Peter Walker and Partners team is a finalist for both Union Square and Constitution Gardens; and the OLIN & Weiss/Manfredi team is a finalist for both the Washington Monument Grounds portion and Constitution Gardens. Second stage designs are due December 1st, and those who will be moving on to the final round will be announced on December 15th. The design competition was officially launched in early September and brought in over 1,200 participants, said spokeswoman Lauren Condoluci. The Trust for the National Mall, with part of its purpose being to help realize the NPS Mall Plan through its "Campaign to Restore the National Mall," is responsible for the corporate-sponsored design competition, as The Trust is the "official non-profit partner of the National Park Service," created in November of 2007 by Chip Akridge, founder of the eponymous commercial real estate company Akridge. Meanwhile, another National Mall design competition was launched prior to the NPS competition, in the summer of 2010: the National Ideas Competition for the redesign of the Washington Monument Grounds, sponsored in part by George Washington University. Chair of the National Ideas Competition steering committee, James Clark, principal at MTFA Architecture, said that the winning participants will benefit from exposure, as they will have risen to the top of over 500 competition participants. "We realize none of the schemes will ever get built," said Clark. "But we hope they have an impact on the potential of the grounds." 

MTFA Architect, Hunt Laudi, Washington DC, national mall, architecture, design

He also said that the competition's worth is in creative participation on a broad spectrum; participants ranged from individual designers and amateurs aged 12 and up, and professional design firms. The competition is now in its final phase: the solicitation of the public's vote to determine two winners from the six finalists, including firms from the Netherlands, South Korea, and D.C. local Hunt Laudi Studio. Julian Hunt, co-founder of husband-wife firm Hunt Laudi, said he entered a A Great Inclined Plane (shown at left) to "extend the mall and make it into a sort of viewing platform," inspired in part by the failure of the space to serve the Obama Inauguration crowd well. Hunt also felt the complexity of the design submission would be appreciated by a first-round jury that consisted of renowned, avant-garde architects. Winners of the National Ideas Competition will be presented to the public next spring. Likewise, the NPS' National Mall Design Competition will put on a public exhibition next April, and winners will be announced in early May. Unlike the creative visions produced through the National Ideas Competition, however, fundraising efforts for the NPS/The Trust for the National Mall undertaking will commence after the winners are announced. 

Washington D.C. commercial real estate news

Friday, May 06, 2011

NCPC Reviews Draft Plan for Homeland Security AU Park Site

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Concerns over GSA’s draft Master Plan for the development of the Department of Homeland Security's Nebraska Avenue Complex (NAC), located at Nebraska and Massachusetts Avenues in AU Park, led the National Capital Planning Commission - at its monthly meeting yesterday - to send GSA off with nine action points to address before returning in a few months.

After final approval from NCPC, GSA will begin acting on a finalized Master Plan, and GSA aims to please - in order to meet a Master Plan planning horizon of 2020 - which will require addressing the concerns raised by four of the 12 members of the NCPC, as well as the local ANC.

The plans call for raising the number of seats (employees on site at any one time) from 2,390 to 4,200, and decreasing onsite parking (from 1,239 to 1,150 spaces) without a site-specific Transportation Management Plan in place to assist with predicting the outcome on the surrounding area. DHS’s goal for expanding its operations at the NAC site - temporary headquarters of the DHS since 2003 - is to streamline the dilapidated and out-dated conditions at the aging NAC and save tax dollars by eliminating tens of facilities scattered across the District. With nearly 50 facilities now, DHS hopes to someday have seven or eight, and the NAC campus would be one of the biggest.

NCPC approved the expansion, but tasked GSA to continue to work with the National Park Service to minimize impact on nearby park lands, submit a phasing plan for the project, look at ways to increase the tree canopy, consider lowering the security level (from level 5, the maximum) to soften the public view of the complex, remove non-historically significant buildings, and to move the entry point for employees who commute (by metro, foot or bike) closer to the Tenleytown Metro stop. NCPC asked GSA to continue coordinating with the Department of Transportation and the Office of Planning on this issue.

The NAC is small compared to DHS’s future headquarters - St. Elizabeths' in Anacostia - a 3.4 million s.f. space that will accommodate 14,000 DHS employees and share land with the Coast Guard. The NAC sits on a more modest 1.7 million s.f. (38 acres), and all new construction will be done within the current complex area, leaving the forested portions of the site pristine.

As it stands now, the NAC area is 55% developed (30 buildings for a total of 653,400 s.f), the draft Master Plan proposes to add six new buildings and a four-level (two above ground, two below) parking structure, for a total 1.2 million s.f.
The plan would reduce onsite impervious surfaces by 17% by featuring a green roof on all new structures - the largest one nearly two acres (70,000 s.f.), which will cloak the top of the onsite parking structure in vegetation (also making the view easy on high-rise eyes).

The green roofs, coupled with a yet-to-be-determined combination of porous pavement installations, ponds, gravel beds and underground water detention systems, will not only help the NAC site to achieve an environmentally friendly LEED gold certification, but will help manage and reuse stormwater, reducing runoff. A stormwater management system is currently lacking onsite, something Jim Clark, principal at MTFA Architecture, the consulting firm for the NAC, called out at the meeting as a "grave issue."

The new, greener parking structure will replace the existing one, relocated to the back of the complex from its current location at Ward Circle. Taking the old structure's spot in the highly visible area will be a "signature building" which GSA deems the NAC's "flagship building" - something it hopes will give "the campus a public presence and face on the circle."

The development of the NAC also takes into account the preservation of existing historical structures left over from earlier manifestations of the site as both the Mount Vernon Seminary for Girls (in the early 1900s), until the Roosevelt administration took the property by eminent domain in 1942 to use in the war effort, staffed mostly by women for cryptanalysis. In 2005 the property was transferred from the Department of Navy to the GSA for exclusive use by Homeland Security. GSA is currently readying a nomination of the site to the National Register of Historic Places.

Washington D.C. real estate development news

Wednesday, December 29, 2010

Church and Housing Provider Vindicated in Clarendon Case

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A church's involvement in affordable housing subsidies by the state doesn't violate the Constitution. So says another court in the ongoing battle at The Views at Clarendon, which has cleared yet another legal hurdle in its battle to build an apartment building heavily subsidized by the government in place of the First Baptist Church of Clarendon. The U.S. Court of Appeals for the Fourth Circuit this week upheld a ruling, issued last May, that found that Arlington did not violate the state or U.S. constitutions by subsidizing the church-led project.

The struggle may finally wrap up 5 years of lawsuits 7 years after the Church hired the Arlington Partnership for Affordable Housing (APAH) to advise on an affordable housing project. The Church later sold the land to The Views at Clarendon Corporation, a non-profit, for $5.6m, with plans to build 46 market-rate and 70 affordable apartments. The Church retained 3 of 7 seats on the board, and will retain two floors within the new structure and a small building on the side. That lead to a neighbor arguing in Peter Glassman v. Arlington County, et. al that the subsidy amounted to unconstitutional support to a church, an argument that has been repeatedly rejected by both state and federal courts.

The news is a relief for the housing provider, not least because it began construction on the project last January (tearing down) and has just now begun building the 10-story structure, and the courts have refused to enjoin construction. While the case could be appealed - back to the same appellate court or to the U.S. Supreme Court - "further appeals are unlikely to be successful" says Raighne Delaney, an attorney Shareholder with Bean, Kinney & Korman, a law firm representing the non-profit. With plaintiffs having exhausted all automatic appeals, further appeals would be heard only at the discretion of the court.

"The county got a great bargain here," said Delaney. The nature of the bargain was a $13.1m loan the county gave to the developer, for which it got 70 subsidized apartments, with the feds kicking in a $14.5m loan and $20m grant for the project thanks to the American Recovery and Reinvestment Act. "Constitutionally, the only thing that mattered here was what the church got out of it. Even if it was a bad deal, the government is allowed to make bad deals," said Delaney, who stressed that the transaction is unbeatable for the county. Delaney said the real test is not whether the state is doing business with the church, but whether there is any "excessive entanglement" with the church. "The answer to that really is no. The state is not disallowed from doing business with the church, prohibiting regular business with the church would be a sort of anti-religious bigotry, and that's not allowed either."

Arlington Virginia real estate development news

Monday, October 25, 2010

Bethesda Church Moves Forward With Development, Receives Council's Blessing

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Twice the Montgomery County Planning Board had approved the plans of Christ Evangelical Lutheran Church of Bethesda-Chevy Chase to build a 107-unit residential building combined with a six-story church and community center. And twice Hearing Examiner Martin Grossman had recommended denial of the proposal, citing a lack of "compatibility" with several nearby rows of single family homes. The Church's development team had reduced their mixed-use development plans from 53,000 s.f. to 25,000 s.f., as well as offered more dramatic setbacks and reduced massing in an effort to appease naysayers. But although Grossman called the augmented plans a "much closer call" he still predicted
the development to "dwarf the nearby single-family detached homes." Nonetheless, last week County Council became the "ultimate decider," settling the dispute with a 6-2 vote in favor of the Church's plans.

Virginia-based MTFA Architecture is the project architect, and seem to be busy with several church-residential combo projects, as another of their client's in Arlington (The Views) recently emerged in tact after a similar drama. The Church project will occupy two-acres, currently inhabited by a church building and attached community center, several single-family homes and a surface parking lot, all of which will be razed. Parking needs will be satisfied by two levels of below-grade lots. The complex will cover a college-size indoor athletic field for community use, public green spaces, affordable residences serving the elderly, transitional housing for the homeless, and a range of other social-work programming.

While Councilman Mark Elrich "was frankly appalled" at the plans to essentially box in the contesting enclave of residential homes, others saw this sort of development as inevitable, and not much of a change in the grand scheme of zoning in the area, as many other large projects nearby have already been approved. Councilman Roger Berliner seemed to take a less reactionary stance, and painted a broader picture in which he concurred that "substantial compatibility" was present in this proposal give the urban nature of the immediate area.

But Church representative Barry Lemley said there is still about a year before construction can be expected, as preliminary site planning and securing building permits should take a significant amount of time. Having originally partnered with Bozzuto in 2006, and then left the agreement to tackle planning and approval process on their own, the Church will once again look for private development partner to see the plans through.
Lemley says they remain undecided on whether to release a RFP immediately, or sit on the approvals until the market further stabilizes. "For an urban infill project like this, in this slow economy, some of the bigger firms that passed on it originally, may have an interest now," Lemley said. And even though construction might be further down the line, and delivery probably won't happen for "two to three years," Lemley and his church are relieved to have the support of County Council. "We always thought we had a unique project here," he explained, "and while some people thought that it was too much, others thought that it was just what the community needs."

Bethesda, MD Real Estate Development News

Monday, October 11, 2010

Clarendon: Urban Planners Taken with New View of Urban Churches

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Late last year, the Views at Clarendon emerged unscathed from a cloud of lawsuits and officially kicked off construction. Now one of the region's more intriguing mixed-use projects is on schedule, and attracting national attention as a model for unique partnerships. The Views at Clarendon Corporation's mixed-use, mixed-income building will hold 70 affordable apartments and 46 market rate apartments, not so outstanding by itself, but that it was done through the auspices of the church is turning the heads of urban planners around the country.

As the First Baptist Church of Clarendon faced a budget shortfall a decade ago, it could have reacted in the typical fashion, selling out to a developer and moving to a cheaper, less urbanized community. That would have shut down the church's daycare center and local mission. Instead, the church chose to protect its historic building, stay local, keep the daycare center and double down on its mission by setting up a non-profit corporation to run an affordable housing project. First Baptist - now the Church at Clarendon - sold its air rights to the non-profit, of which it held 3 of 7 board seats, allowing the non-profit to cater to low-income and disabled residents, consistent with the church mission. Other urban churches have retained a portion of the new structure after selling its land, but the model of expanding its influence is a new one. Architect Michael Foster, a principal of Arlington's MTFA Architecture, thinks of this as a paradigm shift. "This has really been watched closely, and nationally, for mixing an existing church at the base of the building in this way. Most mixed-use is office-retail-residential. One that's dominated by public housing is not totally unprecedented, but as a land-use model, it helps us all think a little differently about preserving the role of churches and communities."

Not all the attention has been positive. Local groups tried to stop the in-fill project, then protested that Arlington's subsidies for the new non-profit Views at Clarendon constituted an Establishment Clause violation, and the organization found themselves twice in the chambers of the Virginia Supreme Court and several times the subject of Washington Post news fodder. Vindicated by the courts, the non-profit has now nearly finished excavating the site and underpinning the church, and expects to start building up by next month. The church "sandwich" will give them two floors as a condominium and a 3-floor building on the side, the non-profit will own the apartments above and the parking garage below.

Of the 70 affordable apartments, the majority will be priced at 60% AMI, six of the apartments will be 100% accessible (visitable and adaptable), 12 units will have "support of services" provided to those with disabilities, and six of them will be offered to families under 50% AMI. The church will continue to operate the 180-child daycare center, Arlington's largest, as well as expanding its urban ministry, all within a block of Metro. Foster, the project architect, thinks this will help churches remain active in the social fabric, and that the importance of this should not be underestimated. "This represents a dramatic change in how the church engages the community," and that planning organizations are taking note. "We've been getting many calls about this" says Foster, whose firm is also working on a similar type of project in Bethesda, with the church as developer rather than outgoing owner. The non-profit Views has hired Arlington Partnership for Affordable Housing (APAH) as a consultant to help them achieve their affordable housing vision.

The old steeple will remain the tallest structure, with the new building rising just below the steeple height by design. Foster says the building is meant to adapt a mid-rise to colonial architectural style. "The base of the building is designed to fit in with the colonial heritage with the church steeple and remaining school. Its not really meant to be pure colonial, and not meant to be neoclassical, but it does represent what remains on site and the compatibility with the adjacent neighborhood."

Arlington, VA Real Estate Development News

Friday, April 16, 2010

Clearer Views at Clarendon

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The Views at Clarendon Corporation (VCC) is one step closer to realizing its vision for a 10-story affordable housing project in the center of Clarendon now that a U.S. District Court judge has dismissed a lawsuit against the Views at Clarendon on all counts. With a victory in hand, developers hope to start construction within months on 46 market-rate and 70 affordable apartments one block from the Clarendon Metro station.

Planning for the development began back in 2003, when the First Baptist Church of Clarendon conducted an assessment that soon lead to the vision for the subsidized apartment community, but has been mired in lawsuits almost since its inception. Several groups of parties have contested the development as a violation of the Establishment Clause in the U.S. and Virginia constitutions, and have fought the use of county tax dollars on a project that would buy land from the church - a struggle that has twice landed in the lap of the Virginia Supreme Court and was covered extensively recently by the Washington Post. While this week's ruling is expected to be appealed, the decision is a welcome ruling for the project's promoters.

The Bozzuto Construction Company began site preparation work in January, and developers expect the project will begin construction in earnest this summer. The legal decision comes 7 years and 5 lawsuits after the Church hired the Arlington Partnership for Affordable Housing (APAH) to consult on the need for affordable housing in the region, a study that culminated in the Church selling the land to a non-profit entity for $5.6m, with a set of plans for a 10-story building. The Church intends to use its funds, party derived from the sale, to purchase back two floors within the new development.

Nina Janopaul, President of APAH, says the ruling is consistent with fairness of the transaction. "There are many, many precedents for church and affordable housing projects, including the Macedonia project here in Arlington. We did the same thing there; in a slightly different set of circumstances...the church in this case gets compensation for the sale of its property, as is appropriate." Janopaul says the transaction was arms-length and did not disproportionately benefit the Church. "The sale price was well below the $14m appraisal for the property. That's pretty reasonable for a full acre of land in the heart of Clarendon...Clarendon literally has no affordable element in any of the new housing that has gone up."

Arlington developers face of choice of providing affordable housing or contributing to a fund for that purpose, some of which was used to provide a low-interest loan to the non-profit owner of the project. Janopaul says that while repayment of the loan to the county is always a struggle for a low-income housing provider, the market rate element of the Views will expedite that process. "Mixed-income properties are a little more robust in paying back those loans."

The residence is being designed by Arlington- based MTFA Architecture, Inc., which plans to achieve LEED Silver status for the project. Views at Clarendon will be operated by Bozzuto Management.

Arlington Virginia real estate development news

Tuesday, March 16, 2010

Bethesda Church Plays the Development Game

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The Christ Evangelical Lutheran Church of Bethesda-Chevy Chase in Woodmont Triangle is getting an education in what it means to be a developer - from parting ways with project team member Bozzuto Group, compromising with disgruntled neighbors, and now starting over after a zoning defeat. Back for more, the Church recently received two positive reviews from the Montgomery County Park and Planning staff and Montgomery County Planning Board and is waiting on two more from the County hearing examiner and then from the County Council. The process should commence in earnest by this June, God willing, when the search for an amenable development partner begins anew.

On the boards is an eight-story residential building with 107 residences and six-story church and community center, combined for an unlikely architectural partnering.

The original plan called for separation of church and, well, community center, but concerns raised by neighbors and the hearing examiner compelled the Church to adjust its plans and marry the two uses into one 53,000 s.f. structure, reducing the size of the overall project by 25,000 s.f. The church and community center will sit next to the new residential building. Virginia-based MTFA Architecture is the project architect.

The Church project will sit on two-acres, currently occupied by a church building and attached community center, several single-family homes and a surface parking lot, all of which will be razed. All parking for the new project will be in two levels of below-grade lots.

The Church originally partnered with Bozzuto in 2006. When the hearing examiner denied the application in 2007, thereby lengthening the development process, and the economic situation took a turn for the worse in 2008, the team "reevaluated" their relationship, according to Barry Lemley, the owner's representative for the church. Lemley said the partners looked into revising the sale agreement, but when "it became apparent we still had some differences, we agreed to not renew the sale agreement" in April 2009. The break up left the church without a private development partner and Bozzuto with the right of first refusal should the project be resurrected. Lauren McDonald, Manager of Corporate Communications at Bozzuto, confirmed that the company was "actually not involved in the project anymore."

"We are not your normal developer," said Lemley, "we are not in this for profit and we brought this to market - we were not approached by Bozzuto or another developer." Lemley was optimistic that the new plans would be approved and that either Bozzuto or another developer would come to the Church about partnering on the project. Lemley said the Church wants a developer to build the core of both structures and to finish the residential project. Another developer with expertise in such structures would likely work on the interior of the new church and community center. Suggestion: talk with First Baptist in Silver Spring to see how they're doing things, but MFTA has a similar project on the boards with the Views at Clarendon.

The building will include 17 moderately-priced dwelling units.

Bethesda real estate development news

Thursday, October 15, 2009

Looking Forward at Views at Clarendon

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The Bozzuto Construction Company will break ground this weekend on the Views at Clarendon, a mixed-use, mixed-income development just steps from the Clarendon Metro station. The Views at Clarendon Corporation (VCC), a joint venture between the Arlington Partnership for Affordable Housing (APAH) and the First Baptist Church of Clarendon, have planned eight stories of apartment homes atop two stories of existing occupants, The Church at Clarendon and the County’s largest child daycare center. Though not without epic drama, the project is moving forward with an expected completion in 2011.

The Class A apartment community will consist of 46 market-rate apartment homes and 70 affordable apartment homes, of which 12 will be supportive housing for very low income households. The residences will be a mix of studios, one-, two- and three-bedroom floor plans. The current MTFA Architecture, Inc. design is planned achieve LEED Silver status.

The project was first approved in October 2004, and was then tied up in a zoning dispute that stretched all the way to the Virginia Supreme Court. After two years, a $200,000 lawsuit, and a “technical adjustment” to the applicable zoning ordinance, the county provided salvation to the church by giving approval in February 2007.

Views at Clarendon is being co-developed by Bozzuto Development Company and Chesapeake Community Advisors. Bozzuto Construction Company is the general contractor and Bozzuto Management Company will professionally manage the community. The Arlington Partnership for Affordable Housing has served as consultant to the project since its inception.

Monday, December 01, 2008

The Views at Clarendon Stumps for Final Approval

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After more than four years of legal and financial troubles, the Views at Clarendon seems to be finally be on track for construction and, if their luck holds out, a 2011 delivery. Nonprofit developer the Views at Clarendon Corporation (VCC) - a joint venture between the Arlington Partnership for Affordable Housing (APAH) and the First Baptist Church of Clarendon - still intends to bring a 116-unit mixed-income apartment building to the church's current site at 1210 North Highland Street, a deal that will preserve the existing church.

Perhaps not surprisingly for a religious organization, VCC is aiming their project at providing housing for disadvantaged tenants by way of housing that is both affordable and accessible to the handicapped. The Views will boast 46 market rate units – 6 of which will be “100% accessible” - and 70 "affordable" units – 6 of which will be reserved for families making under 50% of the area median income. Additionally, another 5 units will go towards the “County supportive housing program.” The building's floorplans will range from studios to three bedrooms, coupled with 120-space underground parking garage – just one block from Clarendon Metro. The project is being designed by MTFA Architecture.

Given that its developer is a nonprofit entity, the Views faced serious delays as APAH tracked down funding for the project. Just last week, the development corporation upped their Affordable Housing Investment Fund loan request from $5.3 million up to $6.5 million – on top of the low-income housing tax credits and additional federal loans that have already been secured. According to APAH, “this additional financing will enable construction to be completed by the end of 2011.” The Arlington County Board will decide whether or not that loan goes through at its meeting on December 13th.

A need for increased funding, however, is not the first hang-up that Views has run into on the rocky road to development. The project was first approved in October 2004, and was then tied up in a zoning dispute that stretched all the way to the Virginia Supreme Court. After two years, a $200,000 lawsuit, and a “technical adjustment” to the applicable zoning ordinance, the county provided salvation to the church by giving approval in February 2007. Locals had filed a lawsuit to reverse the original zoning approval, objecting to the plan that would keep the current church and its 107-foot steeple, and include daycare and "moderately priced" housing. A circuit court judge had ruled against the neighbors in 2005, reversed in 2006 when the Virginia Supremes determined that the zoning board acted against its own zoning ordinance, a decision which begat the February 2007 approval. A further lawsuit to stop the project was dismissed in July, 2007.

Thursday, July 24, 2008

PentaGONE City

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Sorry to dash the hopes of developers with their eyes on Pentagon City, but the entire area's "last developable parcel of land" has now been spoken for. The Arlington Board approved Monday night a Phased Development Site Plan for phase one of Pentagon Centre, Kimco Realty Corporation's mixed-use development that will deliver a twenty and eight story office building and a parking structure.

According to the county, "The approved plan begins to implement the final piece of the development plan puzzle for the entire Pentagon City area."

Designed by international firm, Callison Architects, with Arlington-based MTFA Architecture, Pentagon Centre will replace a 337,000 s.f. warehouse facility that was built in the 1950's. Both office buildings are designed to achieve LEED Silver certification. The project will sit on 16.8 acres above the Pentagon City Metro Station and offer 33,599 s.f office and 13,095 s.f. of ground floor retail space in the larger office building and 152,112 s.f. office and 14,600 s.f. of ground floor retail in the second.

Kimco currently owns the property at South Hayes Street and 12th Street South on which Pentagon Center will be developed as existing retail leases expire. Borders Books, Costco, Best Buy, Marshalls, and Linens N Things are currently renting the existing retail space. Phase Two will follow the expiration of the Big Box Storage lease; Phase Three will be built upon the expiration of Costco's lease.

The original Pentagon City Phased Development Site Plan approved in 1976 was intended to make Pentagon City an "urban center" that hosted a mix of uses. "With this phased development site plan, we at last have the full picture of the future of Pentagon City," said J. Walter Tejada, County Board Chairman.

In addition to filling out P City's development portfolio, Pentagon Centre will make a $500,000 contribution for community improvements that may include a water park at Virginia Highland Park, improvements for the Pentagon City Metro Plaza, and/or subsidies to reduce the rent for an Urgent Care Facility. It will also make contributions of $423,500 to "Utility Undergrounding," $75,00 to Public Art, and an undisclosed amount to Affordable Housing. Sounds like Arlington squeezed everything they could out of the last new developer they will see for a while.

The developer is a New Hyde Park, NY - based company that has the largest portfolio of shopping centers in the US.

Monday, February 18, 2008

Commerce Comes to Georgetown

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Commerce Bank, Georgetown, Washington DC, TD Bank, Commission on Fine Arts, Georgetown Retail for lease
Commerce Bank
, the east coast financial institution, is patiently waiting for demolition and construction permits to build their newest location at 1611 Wisconsin Avenue in Georgetown, the site of the former Reed Electric building. The bank, acting as its own developer, expects to receive permits by the end of March and plans to get in the ground shortly thereafter (surely, permitting in Georgetown will be easy). The new bank will sit on the north side of the lot, measure 29 feet in height, and house roughly 4,000 s.f. of space, fronting Wisconsin Avenue. Customers will have access to a parking lot on the lot's southern end.
 "We are interested in developing there because we have had great success in the Metro D.C. area. 

Commerce Bank seeks sites from a retailer's perspective -- focusing on high-traffic, high-visibility sites to develop stores and expand our network of convenient locations. We feel there is a need for our unique type of retail banking in Georgetown," said Rebecca Acevedo for Commerce Bank. Before any construction begins, contractors will first have to demolish the Reed Electric building to clear the way for the two-story bank, which is planned to tie in to the spirit of the Georgetown's classic rowhouse architecture. According to Jim Clark, principal in charge at MTFA Architecture, the firm responsible for the new bank's design, the building's facade will appear to be modern but will "take the rhythm" from the surrounding neighborhood. "The building is regarded as the gateway to Georgetown by the Commission of Fine Arts. The front of the building continues the rhythm of bays from the adjacent row houses, and it is a friendly, modern neighbor to the historic context of Georgetown. The building’s exterior is composed of brick, glass, steel and stainless steel trellises. The great expanse of glass allows the two-story interior to be visible from the exterior which is one of Commerce Bank’s signature features on their bank designs," Clark added. The site is currently zoned C-2-A, so construction will be done as a matter of right, but in addition to the usual list of governing bodies, ie. local ANCs, BZA, etc., the project had been reviewed by the Commission of Fine Arts, which reviews projects particularly in historic Georgetown, as well as the Old Georgetown Board, which 'helped' refine its design. Commerce's development team is currently working with three bidders vying to build the bank, but in the spirit of the financial services industry, they have decided to keep the details to themselves. Other potential bidders have little less than a month to make an offer before the March 4 submission deadline.

Washington DC retail news
 

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