Washington D.C. real estate development news
Showing posts with label Mill Creek Residential Trust. Show all posts
Showing posts with label Mill Creek Residential Trust. Show all posts
Monday, December 03, 2012
Today in Pictures - Trilogy Apartments
4
comments
Posted by
Ken on 12/03/2012 10:09:00 AM
Labels: Eckington, Mill Creek Residential Trust, NoMa, Preston Partnership
Labels: Eckington, Mill Creek Residential Trust, NoMa, Preston Partnership
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Washington D.C. real estate development news
Wednesday, November 28, 2012
NoMa's Trilogy Apartments Open Thursday
7
comments
Posted by
Ken on 11/28/2012 07:05:00 AM
Labels: Mill Creek Residential Trust, NoMa, Preston Partnership
Labels: Mill Creek Residential Trust, NoMa, Preston Partnership
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Washington D.C. real estate development news
Sunday, August 12, 2012
Today in Pictures - NoMa West
9
comments
Posted by
Ken on 8/12/2012 06:30:00 PM
Labels: Eckington, Mill Creek Residential Trust, NoMa, Preston Partnership, RD Jones
Labels: Eckington, Mill Creek Residential Trust, NoMa, Preston Partnership, RD Jones
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One of Washington D.C.'s largest residential developments is nearing completion. Mill Creek Residential Trust, LLC is putting the finishing touches on NoMa West, three five-story buildings on a 4.3 acre site that will add 603 wood-framed, mostly market rate apartments to the NoMa neighborhood (that some insist is really Eckington, but that fall inside the NoMa BID map boundaries). The Preston Partnership, LLC is responsible for the design, and R.D. Jones & Associates designed the interior.
Whatever neighborhood it falls in (note that the project was once called Eckington Place), the project is nearing completion and is across the street from MRP's Gateway project, the combination of which will bring an actual neighborhood to what could have been recently described - charitably - as desolate. (Pictures were taken last month)
Whatever neighborhood it falls in (note that the project was once called Eckington Place), the project is nearing completion and is across the street from MRP's Gateway project, the combination of which will bring an actual neighborhood to what could have been recently described - charitably - as desolate. (Pictures were taken last month)
Tuesday, September 06, 2011
Mill Creek Begins Dunn Loring Metro Development
Six years after Mill Creek Residential Trust was selected by WMATA to develop 15 acres of land surrounding the Dunn Loring-Merrifield Metro stop in Vienna, Va., construction has finally begun, with the first component of the development to be a 250-unit apartment building.
In 2005, the Washington Metropolitan Area Transit Authority (WMATA) and MCRT completed a development agreement outlining a plan to build 628 apartment units (3 buildings), significant retail space including a 50,000 s.f. Harris Teeter, and a 2,000-space parking garage to consolidate the 1,355 spots now spread across a surface parking lot on site. MCRT has committed to 65,000 s.f. of retail but has the option to build another 60,000 s.f.
As reported by the Washington Post, MCRT secured a construction loan from Pacific Life Insurance Co. a month ago (August 8th), allowing the first phase of the development's estimated 4-year-long construction timeline to get underway.
Virginia real estate development news
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As reported by the Washington Post, MCRT secured a construction loan from Pacific Life Insurance Co. a month ago (August 8th), allowing the first phase of the development's estimated 4-year-long construction timeline to get underway.
Virginia real estate development news
Friday, March 18, 2011
Largest Residential Development in Years Breaks Ground in NoMa
24
comments
Posted by
Melissa McCart on 3/18/2011 01:15:00 PM
Labels: Mill Creek Residential Trust, NoMa, Preston Partnership, Trammell Crow Residential
Labels: Mill Creek Residential Trust, NoMa, Preston Partnership, Trammell Crow Residential
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One of the largest single-phase residential developments in the city's recent history broke ground in NoMa this week. Mill Creek Residential Trust LLC will build NoMa West, three five-story buildings on a 4.3 acre site that will add 603 predominantly market rate apartments to the burgeoning neighborhood. The Preston Partnership LLC is
responsible for the design, and R.D. Jones & Associates will do interior work.
Formerly owned by Trammell Crow Residential, which had promised work was "imminent" at several points in the past, the land was transferred by two former principal partners who left Trammell Crow to join the Dallas-based firm. Financing was orchestrated through Berkshire Income Realty and PNC Bank. The site was purchased in 2007, at which point the developers adjusted the 2005 PUD to what amounts to the current plans.
"We are lucky to have weathered the storm that has halted so many development projects in the area and around the country," said Sam Simone, Managing Director of Mill Creek Residential Trust LLC. "We're also lucky to be developing in a city that's been as protected from the economic downturn as Washington, D.C."
Positioned at Eckington Place immediately behind the FedEx shipping center, within the NoMa BID, Q Street will run through the development (see map), allowing for the creation of a pedestrian thoroughfare between the three buildings, which "actually look like six, because we wanted to break up the elevation," said Simone.
Building 100 (for now, until it's renamed) offers warehouse loft designs while Building 200 features more glass and a modern feel. Building 300 is parsed in two parts: one offers traditional rowhouse architecture while the other riffs on the modern design of Building 200. Amenities for the complex include two pools, two club rooms, a media theater room, a small park, and e-lounge, not to mention a paltry 1250 s.f. of retail - downsized from the initial plan for 15,000 s.f. unveiled back in 2006. Simone anticipates the project will span three years to complete.
Development has been a musical chairs game, with owner CSX having selected Fairfield Residential to build the project in 2004, before handing off to Trammell Crow, with each successive developer intending to begin construction in the short term.
Washington, D.C. real estate development news
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvcxg4TG-T2QTGZBkfr4tv5-BOgFfqEVIPcnY1U4YkR0YKr1Au9L5K6dZGnl1TrtTUUOQt_DjDPL3fi8HWJE7Rj7zTdNk2Ecbjch5bRBXJcLtXcRjx-qEhHwbcYaWYgVEsXabo/s400/noma_west.jpg)
Formerly owned by Trammell Crow Residential, which had promised work was "imminent" at several points in the past, the land was transferred by two former principal partners who left Trammell Crow to join the Dallas-based firm. Financing was orchestrated through Berkshire Income Realty and PNC Bank. The site was purchased in 2007, at which point the developers adjusted the 2005 PUD to what amounts to the current plans.
"We are lucky to have weathered the storm that has halted so many development projects in the area and around the country," said Sam Simone, Managing Director of Mill Creek Residential Trust LLC. "We're also lucky to be developing in a city that's been as protected from the economic downturn as Washington, D.C."
Positioned at Eckington Place immediately behind the FedEx shipping center, within the NoMa BID, Q Street will run through the development (see map), allowing for the creation of a pedestrian thoroughfare between the three buildings, which "actually look like six, because we wanted to break up the elevation," said Simone.
Building 100 (for now, until it's renamed) offers warehouse loft designs while Building 200 features more glass and a modern feel. Building 300 is parsed in two parts: one offers traditional rowhouse architecture while the other riffs on the modern design of Building 200. Amenities for the complex include two pools, two club rooms, a media theater room, a small park, and e-lounge, not to mention a paltry 1250 s.f. of retail - downsized from the initial plan for 15,000 s.f. unveiled back in 2006. Simone anticipates the project will span three years to complete.
Development has been a musical chairs game, with owner CSX having selected Fairfield Residential to build the project in 2004, before handing off to Trammell Crow, with each successive developer intending to begin construction in the short term.
Washington, D.C. real estate development news
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