Showing posts with label RCP Development. Show all posts
Showing posts with label RCP Development. Show all posts

Wednesday, April 08, 2009

1010 Mass Condos

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1010 Massachusetts Avenue, NW, Washington DC, 20001
1010 Mass condos is a 14-story, 163-unit condominium, developed by Rock Creek Properties (RCP), North Carolina-based Faison and the Carlyle Group. Washington DC commercial real estate developmentSales began October 2005; first settlements began early Summer, 2007, and the project sold out by late 2008. Located in between Shaw and downtown DC, 3 blocks from Metro (Mt. Vernon), 1010 Mass has 8700 s.f. of ground floor retail, a rooftop lap pool and patio with superb views, and overlooks the new DC Convention Center and Massachusetts Avenue, taking the place of a small office building that had been on site. The underground garage houses space for 169 cars, i.e. only one per unit. Prices ranged from $400k to $1.5m; parking was available to purchase at $37,500. Faison also built the Whitman condos nearby. Architectural design by Esocoff & Assoc., Glen Construction performed construction, but went bankrupt after completing about 80% of the building.

Washington DC real estate development news

Wednesday, June 20, 2007

Greenbelt Station Transformation

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Creating a “transit-oriented community” in the area surrounding Prince George’s County’s Greenbelt Station, GB Development, Fairfield Residential, Pulte Homes, RCP Development, and others are working together to complete the $2 billion retail, office, residential, and transit-inclusive Greenbelt Station project. At its completion, the project, designed by Bethesda-based SK&I Architects will include approximately 2,000 residential units, 1.5-million s.f office space, and 1 million s.f. retail space. According to the development’s website, it will also be adjacent to and centered around WMATA's Greenbelt Metro Station.

Replacing what is now a concrete plant and the existing Metro Station parking facility, the development will be pedestrian-friendly with wide sidewalks, landscaping, and benches throughout. The New York Times’ coverage of the development said the project would also offer community amenities such as ball fields, a pool, and a community center.

The development would include a variety of housing options; RCP is planning a 4-story, 378-unit multi-family housing community that will contain either apartments or condominiums at its completion. RCP’s portion will also include 80,000 s.f. ground floor retail with above grade, above-grade structured parking. Pulte homes will be constructing town homes, while Fairfield Residential is planning additional apartments. A hotel is also a possibility for the development.

According to Martin Klingel, Vice President of Development at RCP, his company has not yet submitted for its detailed site plan approval, but will within the next month. He said site plan approval could take up to a year, with construction likely to take another two years beyond that point.
 

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