CityCenter: On Track for Early 2011 Groundbreaking

As the financial downturn slowly releases its chokehold from DC development, increasingly large projects are beginning to set timelines, even without tenants. Underscoring that point is Archstone and Hines Interests’ redevelopment of the old Convention Center site, a plan has been mired in delays, with one groundbreaking schedule after another falling to the wayside. Developers are now claiming that the project will begin early next year. The multi-phase, mixed-use development will commandeer 10-acres of vacant downtown property to eventually realize 400,000 square feet of retail space, more than a million square feet of office space, 458 rental apartments, 216 condos and a 400-bed “high-end” hotel with its own 100,000 square foot retail plaza, under a 99 year lease from the city.

Howard Riker, Vice President at Hines Development, said the developers are "pretty much done with all of our plans and are within a couple weeks to be able to pull our building permits." Riker also indicated that the team had to rework a few elements of the office building design to "accommodate a major tenant prospect." He was unwilling to divulge any information about the prospective major tenant. Riker said the team has already chosen a general contractor team of Clark with Smoot Construction; subcontractor bidding will begin shortly. The first phase of construction is scheduled for the first quarter of 2011. "The idea is that we'd start construction on the entire site south of I Street at one time, dig a deep hole, build the parking" and then continue with the office and residential projects, explained Riker. The project should reach "substantial completion between May and September 2013" estimated Riker, adding that the office would deliver first, likely in the spring, with the residential following shortly thereafter over the summer. The first phase is estimated to cost $700 million and is is entirely privately financed, according to Riker. Foster and Partners of London and DC-based Shalom Baranes serve as co-architects on the massive endeavor. Designed to achieve LEED Gold certification, "the design of the landscape, office and condominium buildings relates to the specific sun and wind patterns and the climate. The site and the buildings will also incorporate solar shading, harness rainwater and water conservation and planting," according to Foster's website. The second phase (the northern quadrant) of the project includes a hotel on property owned by Kingdon Gould, which he obtained through a land swap with the District Government in 2007. Gould gave up land on the site of the future Convention Center Marriott to get the northeast parcel of CityCenter. Riker indicated the 350-400 room hotel project was still in the planning stage, but that the team could select an operator "hopefully later this year." Washington, DC real estate development news

Georgetown Neighborhood Library Rising from the Ashes

The District of Columbia Public Library (DCPL) this morning held a pre-BID conference in the gutted interior of the Georgetown Neighborhood Library (GNL), which suffered severe fire damage in April of 2007. Full funding for the project has already been allotted by the DC government, but designs for proposed renovations and additions by architects Martinez & Johnson are still months away from completion.

In the meantime, DCPL and the construction manager for the project, Smoot Construction, are now offering contractors three different BID "packages" that can get underway in the coming weeks: hazardous material removal, historic salvage and protection, and supply of site facilities. Following final approval of the architectural designs, Smoot projects that 14-25 more packages will be advertised to facilitate a spring 2010 reopening. Library officials went on to assure the construction representatives in attendance that any current litigation pending against the DCPL will in no way affect the timetable or funds assigned to the project.

Proposed modifications to the original 1930s building include an addition to the library’s first floor, new stairways, elevators and internal systems, demolition of several existing walls, and the complete refurbishment of fire-damaged library accoutrements. Historic wood fixtures on site will be removed and restored off-site, while the library’s basement will also be reconfigured into a more user-friendly space. Luckily, the building’s facade suffered only minimal damage - the library’s concrete and steel skeleton and masonry walls rendered it essentially fireproof – and will not need significant restoration.

The initial cause of the 2007 fire was chalked up to faulty wiring. Capitol Hill's Eastern Market, which notoriously also caught fire on the very same day as the GNL, received $2 million to rebuild from the DC government two weeks ago.

Georgetown real estate news 

Bids Close Today on DC Food Bank Warehouse

Today was the end of the bidding phase for a project that will provide a new distribution center and much-needed office space for Capitol Area Food Bank at 4900 Sixth Street, NE, just three blocks from Providence Hospital, adjacent to the Fort Totten Metro tracks. Jair Lynch, the owner's agent for CAFB, attracted five bidders to the development: Turner Construction, Smoot Construction, Forrester Construction, Epstein Construction, Gilford Construction and E.E. Reed Construction - a winner should be announced in a few weeks. McDonald Williams Banks Architects designed the new distribution facility.

CAFB purchased the site in December of 2005 for $10.35 million with a little help from Local Initiatives Support Corporation (LISC) in the form of a $1.5 million loan, and had help from the Department of Housing and Community Development. According to LISC: "The new facility will not only allow CAFB to expand programs now stalled due to space constraints, but will increase efficiencies of product movement, provide additional storage space for both dry and refrigerated food donations, increase truck access through a greater number of varied dock spaces, and install a re-packaging room that will allow them to accept bulk donations. It will also provide much needed administrative space that will allow for improved management of programs and general administration."

MWB has designed a 40-foot tall, 110,000-s.f. distribution center and found a way to use an existing 2-story, 25,000 s.f. office space for CAFB's staff by gutting and renovating its interior. "We will keep the existing masonry on the exterior of the current office and the interior will be maintained and restored, keeping a majority of the existing terrazo floor intact. In the warehouse, the exterior will be clad with metal panels and of course the interior will be concrete slab equipped with a racking system to store the foodstuffs," said Andre Banks, principal at McDonald Williams Banks.

The total project will entail 145,000 s.f. of renovation and new construction; an estimate puts a price tag at around $25 million.

CAFB claims they need the new site because they are outgrowing their old digs at 645 Taylor Street, NE. According to the US Census Bureau, more than 600,000 DC metro-residents are "at risk of, or experiencing hunger." CAFB's old site allowed them to serve about 275,000 local residents, but they're hoping with the larger spaces they can have a more efficient and widespread effect.

"The gist of why we're doing this is that the need is growing. A new facility will enable us to get access to more food, in and out to our member agencies. In addition, we will be able to significantly enhance and increase our outreach programs such as nutrition education, life-skills and empowerment," said Brian Smith, Chief Operating Officer at CAFB. The do-gooders hope to move in to their new facility within the next year.

Washington DC commercial property news