Showing posts with label StreetSense. Show all posts
Showing posts with label StreetSense. Show all posts

Friday, June 12, 2020

The Wilson and the Elm - Coming This Fall in Bethesda

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If you have traveled anywhere near Bethesda you would not have missed the 3 new towers under construction at 7272 Wisconsin Avenue in the center of Bethesda.  The three towers are part of Carr Properties’ nearly 1 million square foot project of two residential towers (the Elm) and, on its south side, one office tower (the Wilson).  Named for an adjacent street and for Alfred Wilson, who in 1890 opened a general store on the site that became a social hub, Carr hopes its creation will duplicate that success.

Carr, partnering with residential developer Insight Property Group, broke ground in August of 2018 and hopes to complete construction by late October. The three towers share a common podium that will, like Wilson's general store, become a commercial nexus with a new southern entrance to Metro's redline station and the terminus station for the Purple Line.  The Metro station, 120 feet below, was originally built to accommodate a second entrance, and will share an entrance with the Purple Line as well as connection with the Capital Crescent Trail.  The project is hard to miss at 23 stories, nearly 300 feet, well above adjacent Bethesda Row.  Bozzuto, which will manage the buildings, will begin residential leasing in August.

Streetsense / Edit Labs designed the interior of the two apartment buildings, which will be connected by a skybridge with views of the National Cathedral.  According to the developers, the height will permit views as far as Dulles Airport and National Harbor on a good day.  The ground floor will offer up retail space, the only confirmed tenant for which is Tatte Bakery.  Above, several office tenants have inked leases, including Fox 5 and UBS Financial Services. Accommodating the red line Metro entrance, expected to open in 2022, provided developers with additional height and density than would have been otherwise permitted. Lastly, the development team points out the suite of technology to fight airborne viruses, including 100% use of outside air, "a rarity" in the DC office market, but an issue that will no doubt be a central talking point in future office marketing.


Developer: Carr Properties 

Architect:  Shalom Baranes

Landscape Architect: OVS

Interior Design:  Streetsense / Edit Lab

Construction:  Clark Construction

Use: 348,000 s.f. of office (1 tower) and residential (2 towers) with 456 units

Expected Completion:  Late 2020 for office and residential portions of the project.

Wilson and Elm: Carr Properties, Bethesda, Bozzuto, Clark Construction, Shalom Baranes, Insight Property Group

Wilson and Elm: Carr Properties, Bethesda, Bozzuto, Clark Construction, Shalom Baranes, Insight Property Group

Wilson and Elm: Carr Properties, Bethesda, Bozzuto, Clark Construction, Shalom Baranes, Insight Property Group

Wilson and Elm: Carr Properties, Bethesda, Bozzuto, Clark Construction, Shalom Baranes, Insight Property Group

Wilson and Elm: Carr Properties, Bethesda, Bozzuto, Clark Construction, Shalom Baranes, Insight Property Group

Wilson and Elm: Carr Properties, Bethesda, Bozzuto, Clark Construction, Shalom Baranes, Insight Property Group

New construction Bethesda, Montgomery County, office and retail for lease

New construction Bethesda, Montgomery County, office and retail for lease

New construction Bethesda, Montgomery County, office and retail for lease

Washington DC commercial property news

Washington District of Columbia commercial real estate news\



Washington D.C. commercial real estate news

Friday, December 10, 2010

Akridge's Half Street Half Way There?

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DC real estate news
Since Washington Metro Area Transit Authority (WMATA) did its best King Solomon impression, dividing its Southeast Bus Garage properties in half for two quarreling developers, only one recipient looks to be moving slowly forward with development plans, while the other has since gone bankrupt. While developers at Akridge reported making progress with their permitting, financing, and leasing efforts for their 700,000 s.f., mixed-use Half Street project, they insisted it would be a much more interesting news story come February or March, when more details emerge. But progress is progress, and news is news, and DCMud knows its readers are always salivating for every little morsel of information, no matter how small the crumbs.

Half Street project, Akridge Development, Monument Realty, Adam Gooch, Washington DC real estate
So here's the latest scoop: Akridge is currently finalizing the construction plans, and expects to apply for permitting in the first quarter of next year. With a little bit of luck, the developers intend to break ground on the residential portion of the project by the end of next year. Although there is a distinct possibility the project ends up being constructed in phases, developers hope to build it all in one fell swoop, or at least in one drawn-out swoop, in which case a full delivery of all three buildings would happen roughly 22 to 24 months after initial construction. As developers, architects, and engineers lock in on the specifics of their construction plans, minor changes may be made, and details like number of units may be tinkered with, says Project Manager Adam Gooch, but nothing drastic.

HOK architects took responsibility for office buildings, Esocoff & Associates for residential, and retail brokerage StreetSense for the retail
HOK architects took responsibility for office buildings, Esocoff & Associates for residential, and retail brokerage StreetSense for the retailThe project's basic programming remains the same: two nine-story, Class A office buildings (totaling over 370,000 s.f.) and one 11-story residential building featuring approximately 280 units (outfitted with the standard amenities: rooftop pool and terrace, private courtyard, fitness center, etc). All three buildings will offer ground floor retail, totaling 75,000 s.f.. The retail spread will be multifaceted, each portion offering distinct sensibilities, and appealing to different demographics. Half Street will be the main attraction for passersby, featuring Class A retail and most likely to attract National's game-day traffic with "name brand tenants and white-table-cloth restaurants" says Gooch. The pedestrian alley in between the two office buildings will offer a more locals-friendly mix of cafes, delis, and boutiques. "It will be a glorified urban marketplace," explains Gooch, "In the vein of Eastern Market, a place where you can come home from work and grab a beer, grab some food, and pick up some flowers for your wife." Most hidden from foot-traffic will be the Van Street retail frontages, which will have a "grittier, more alley-like feel" due to the placement of curb cuts, loading docks, and trash pick ups. Here Half-Street residents might find a dry-cleaners, the local bike-shop, and maybe a sports bar.

Washington DC commercial retail brokers
Three firms combined forces on the design aspect of the project: HOK shouldered responsibility for the office buildings, Esocoff & Associates for the residential, and StreetSense for the retail. All three buildings will be LEED Certified, with the office buildings expected to earn LEED Platinum. While developers wait to activate the development site for construction purposes, Akridge plans to once again engage the public with their Bullpen Beer Garden during the 2011 baseball season. The 3,200 s.f. tented space will offer beer, wine, margaritas, and live entertainment to the public, and is also available for private events.

Washington D.C. Real Estate Development News

Tuesday, March 23, 2010

Four Years Later, Arts District at Hyattsville Chugs Along

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Hyattsville in PG County is not exactly the center of "urban chic" in the DC Metro area, but a mixed-use project, lead by EYA with retail by StreetSense, is vying to stake a claim to being Maryland's H Street. Most of the residential in the West Village, the first phase of the Arts District at Hyattsville that began in 2006, has sold. After several years of threatening to do so, the development team this month broke ground on the retail element of the second phase, the East Village, and has signed on tenants: Tara Thai, Busboys and Poets and, most recently, Yes! Organic Market. Construction on the one-story retail element is scheduled to begin in earnest in May and to complete by fall 2010 with occupancy in late 2010 or spring 2011; construction on the East Village residential element is expected to begin late this year.

The $200 million Arts District is a new, 25-acre residential neighborhood off of Route 1 in PG County (a.k.a. Rhode Island Avenue in D.C.), just two miles from the District border and two miles from the University of Maryland. Jack McLaurin, a Principal at Lessard Group architects, said his firm tried to create a "depot main street architecture" for the project, hearkening back to old railroad towns, since a railroad line runs along the property. Lessard "tried to funk it up" to make the new project look like "someone had come in and revitalized an area that had been there for a long time." Faux adaptive reuse?

The project is delivering in two phases: the West and East Villages (i.e. East or West of Route 1). The West Village includes 132 townhouses, 10 of which are live-work space for artists, and the rehabilitated Lustine showroom, which serves as a community center with an art gallery and gym. Aakash Thakkar, a Vice President at EYA, said 102 of the residential units are settled, most are built, and the team "hopes to have it sold and completed by the end of 2010." To put it in perspective, sales began on the West Village in 2006.

The East Village will include 41,000 s.f. retail, 275 multi-family units and 183 townhouses. The project originally was to have fewer multi-family units, but EYA recently received approval from the Prince George's County Planning Board to add an additional 198 units in one, four-story building and to reduce by 21 the number of townhouses. Thakkar said at this time EYA has not decided whether the multi-family units will be rental or condos and that construction on the three buildings will not begin until early next year. The townhouses, however, should start sales as early as this April, with construction set to begin in the 3rd quarter of this year.

McLaurin said the West Village has more of an art deco feel than the updated design for the East village, where the team simplified the design to reduce costs. "No vinyl siding" the architect assured DCMud, but "we tried to work with interesting color combination with the brick and hardie panel." The multi-family buildings are broken up to look like a series of taller townhouses, and to keep with the depot idea, the multi-family buildings have space for ground floor retail or artists work spaces, with "larger window patterns" and "doors on ground level units." McLaurin said he wanted to create a "distinct" feel, so that people would know they were not in "anywhere U.S.A."

Guy Silverman, Managing Principal at StreetSense, said his company is the majority owner on the retail, but has been working closely with EYA so that the two developers are "very aligned...in terms of how we envision the Arts District." Silverman said this will be the first location for both Yes! Organic Market and Busboys and Poets and that the choice of Hyattsville "speaks volumes" about the project and the developers' efforts to create an urban neighborhood feel. Tara Thai is also signed on, bringing the total spoken-for retail space to 60%. StreetSense is now looking tenants like a yoga studio, a drop off dry cleaners, a small spa or maybe even an organic pet food store to fill the remaining space.

Hyattsville real estate development news

Wednesday, January 14, 2009

Knee Deep in New Development at Fort Totten

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DC Mayor Adrian Fenty was joined by representatives of Lowe Enterprises today to announce the sale of a city-owned parcel at Riggs Road and South Dakota Avenue, NE, in the Fort Totten neighborhood, that will soon be transformed in a million square foot mixed-use development. Although initially unveiled as "The Dakotas" way back in 2006, new details concerning the project are now being released. The project will be built in three phases and include 898 residential units, along with 94,000 square feet of retail space.

"If you've ever been to Riggs Road in the area of South Dakota Avenue, you know it is an area of boundless potential...We are at the point where we are going to maximize that potential,” said Fenty.

The first phase, to be entitled Ft. Totten Square, will occupy the site of a vacated strip mall on the intersection’s northwestern quadrant. The 4-story building will house 468 residential units – 94 of which have been earmarked for affordable housing - and 71,000 square feet of ground floor retail, which is to be anchored by a full-service grocery store. 500 parking spaces will also be included in the development. Construction on Ft. Totten Square is slated to begin later this year and will be followed shortly by a second phase, the so-called Dakota Pointe across the street, which will include 170 units of housing and the requisite parking.

The project’s third and final phase – the Dakota Flats – will include the triangular parcel relinquished by the District at the development's southern-most point. It will feature 260 apartments with 52 reserved as affordable, 23,000 square feet of retail. According to the Mayor, construction of the Flats will “be set to close in 2011.” In addition to Lowe, the development team also includes Jack Sophie Development, City Partners Development and mixed-use planners StreetSense. Hickok Cole Architects are designing the project. Ellis Denning will serve as general contractor. The total cost of the project is currently estimated to be roughly $80 million.

Both the City and development team were keen to highlight the infrastructural improvements they have in store for one of the city’s busiest intersections. “We are working on making this a safer intersection because traffic is fast,” said Ward 4 Councilwoman Muriel Bowser. “We have thousands of hardworking, taxpaying citizens in Riggs Park who take their lives into their hands to get the Fort Totten Metro. We’re going to change that.”

In doing so, the District plans to eliminate the highway-style on-off ramps that guide traffic onto Riggs Road and include improved pedestrian crossings – while serving as a gateway to nearby Prince George’s County. “There’s not many more thoroughfares with much more traffic than this one right here,” said Marc Weller of Ellis Denning. “People came across the line into DC and the first thing they’d see is just a sign and vacant parking lot. We’re trying to create something much different than that.”

That change, however, has been a long time coming. Weller told DCmud that over the course of two years “overall market conditions [have] repositioned the project so that it could work in today’s markets.” Neither party would disclose the terms of the LDA, but details will be revealed as the project moves closer to fruition.

Friday, January 02, 2009

Agreement (Finally) Reached on Ft. Totten Project

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Nearly two and a half years after the project was initially announced, the District government and Lowe Enterprises will announce a Land Disposition Agreement (LDA) that will bring up to 900 residential units and 100,000 square feet of retail to the intersection of Riggs Road and South Dakota Avenue, NE in a bid to revitalize the Fort Totten neighborhood's main corridor, a project the city estimates to be worth $80m.

Lowe made their initial announcement concerning The Dakotas project during the summer of 2006 with a planned late-2007 start date that never came to fruition. Details are being withheld at this time, but Sean Madigan of the Office of the Deputy Mayor for Planning and Economic Development confirmed that a formal announcement of the LDA is tentatively scheduled for 10:30am Monday at the site.

Lowe’s last project in conjunction with the District was the Mount Vernon Triangle’s CityVista development and accompanying Safeway that opened their doors to much acclaim in 2007 and 2008, respectively. The Fort Totten development team also includes Hickok Cole Architects, JackSophie Development, Ellis Denning, City Partners Development, and mixed-use planners, StreetSense.

 

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