New Name, New Town Center for Rhode Island Metro

As first reported in dcmud back in March when it won zoning approval, big plans are in the works for the area immediately surrounding the Rhode Island Metro station in Northeast DC, with the then-named Brentwood Town Center by developer Rhode Island Avenue Metro, LLC (the combination of Mid-City Urban LLC and A&R Development) looking to emulate the successful Bethesda Row and Shirlington mini-village concept with a “main street” and town-house style buildings. But while the plans remain, the name has now changed. The $96 million Rhode Island Station project, as it is now known, will contain a total of 370,000 sf and will include 274 rental apartments and 70,000 sf retail space that will spread along Rhode Island Avenue NE and surround the entrance to the metro station. The complex will feature a number of small buildings as opposed to two or three larger structures, allowing for color and architectural diversity. In addition, the town center will include two parking garages with over 400 parking spaces for retail and residential uses as well as parking for metro customers. The developers expect to have letters of intent from national businesses for 50 percent of the retail space by the end of this summer. The land for this project is owned by the Washington Metropolitan Area Transit Authority, but is being rented to the developer under a 60-year ground lease. The project is set to break ground in early 2008.

Pearson Square in Falls Church To Go Rental

Continuing a familiar trend, last week Atlantic Realty, the developer of the mixed-use Pearson Square condominium project currently under construction in Falls Church on the former 4.6-acre site of a duckpin bowling alley at 410 S. Maple Street between Route 7 and South Washington Street, approached the Falls Church City Council and requested permission to convert all of the building’s 230 residential units from condos to rental apartments. If Atlantic wins approval for this conversion to rentals, the company will then sell the units to Carr Homes, which in turn has a deal to convey them to the Trans-Western Company. The Falls Church City Council is expected to officially vote on this request at an upcoming meeting. This move by Atlantic is not expected to impact its deal with the city on the massive City Center redevelopment plan.

JPI Announces New Residential Project for Ballpark Area

Just when you thought every available scrap of land had already been claimed around the new Nationals Ballpark area in Southeast DC, they find a new patch on which to plan another project. According to a press release just issued by developer JPI, the company is planning to build a fourth residential tower in the Ballpark zone (joining the 674-unit 70 and 100 I Street project buildings, and the 237-unit 909 New Jersey Avenue complex (pictured), which just broke ground this week). The new development – 23 Eye Street SE (on the south side of I Street, between South Capitol Street and Half Street SE) – will be a $150 million project and feature 421 residential units, plus up to 35,000 sf of retail space. Construction is expected to start in 2008. These new projects fall within what JPI is now referring to as the "Capitol Yards" neighborhood, north of the Ballpark and south of the US Capitol, below the Southwest-Southeast Freeway. 70 and 100 I Street are scheduled to be finished at the end of 2008, with 909 New Jersey Avenue set to deliver in mid-2009.

Ripley’s Believe It Or Not: Silver Spring’s 1050 Ripley Street Project Gets Go-Ahead

Last week, the Montgomery County Planning Board gave its approval to 1050 Ripley Street, a new mixed-use Silver Spring project planned by Bethesda-based developer Washington Property Company for the warehouse-heavy 1.16-acre plot of land south of Ripley Street (and the Silver Spring Metro), east of the CSX/Metro rail lines (and future Metropolitan Branch Trial) and west of Colonial Lane. The 1050 Ripley Street project will be a 17-story building containing 305 rental apartments (46 will be moderately priced dwelling units, or MPDUs), plus over 3,000 sf of ground-floor retail. There will also be 328 underground parking spaces. Architect will be the Weihe Design Group (WDG Architecture). In addition, the developer has proposed building a new road connecting Ripley Street and Bonifant Street to the north, and a plaza/rest area alongside the planned Metropolitan Branch Trial. There will also be room allotted alongside the track/path for the planned Purple Line light rail system. The 1050 Ripley Street project might be eventual neighbors with Kettler's Midtown Silver Spring hi-rise residential project, slated for the 70,000-sf parcel of land on the north side of Ripley Street between Georgia Avenue and the railroad tracks, which (if built) will feature 317 residential units (42 MPDUs), 6,000 sf of ground floor retail/office, 480 parking spaces, and a 19th-floor swimming pool deck.

Our Feature Presentation: More Development!

Given the twists and turns of the real estate market, we often feel like cooking up some popcorn, sitting back, and watching the show. But this is taking things literally. Out in Fairfax County, the Merrifield Multiplex Cinema, located where Lee Highway meets up with Gallows Road, might soon be demolished and replaced with a massive 27-acre "town center" complex containing 800 residential units, 600,000 sf of retail (plus a rebuilt theater), and possibly hotel and office space, if South Carolina-based developer Edens & Avant and Bethesda-based Clark Realty have their way. Initial plans for this project were honored last year by the Washington Smart Growth Alliance, which praised the town center concept, along with plans to include three new urban parks throughout the site. There will also be a focus on mass transportation, with free shuttle service and pedestrian/bicycle accessibility to the nearby Dunn Loring-Merrifield Metro station. To date, the development team has spent over $100 million just acquiring land and planning for the project, and expects to have final site-plan approval before the county’s Board of Supervisors in October 2007. If approved, ground could be broken by Summer 2008. Together with Trammel Crow Residential’s plan to build a 720-unit apartment building with retail down Gallows Road on a 15-acre lot at the Metro station, Merrifield might soon be known for its bustling activity rather than rundown warehouses.

Silver Spring's 1200 East-West Highway Project Starts Work

For those living in Silver Spring in the Silverton or Mica, I would suggest investing in earplugs for the next year. In late May, dcmud reported that preparation work was being started on 1200 Blair Mill (the small 0.77-acre triangular lot where Blair Mill, Newell Street, and East-West Highway meet ), a $37 million, 99-118 unit condominium project by MR Associates, LLC (Perseus Realty, LLC). And now, as confirmed by our daily walk past this corner on the way for coffee, demolition work has kicked into gear on the site of 1200 East-West Highway (at the southwest corner of East-West and Blair Mill), with the existing auto repair shop on the property now meeting the wrecking crane. Originally a twinkle in the eye of Centex Cityhomes, 1200 East-West was shelved by that company last October. However, the project and plans were bought by Home Properties, with the only change now being apartments replacing the planned condos. When completed in 2009, 1200 East-West will contain a 14-story, mixed-use building, including 247 rental units (ranging in size from 715 to 1365 sf) and approximately 10,600 sf of retail space on the first floor, with over 200 below-ground parking spaces. These two projects, plus JBG and Turner Construction’s imposing 460-unit Silver Spring Gateway project just across East-West Highway, will ensure another year of orange cones, cranes, and dust for this tiny corner of town.

Previously: Signs of Life at Silver Spring’s 1200 Blair Mill Project?

Foggy Bottom’s Square 54 Project Receives Final Approval

Last week, the DC Zoning Commission unanimously approved the revised Planned Unit Development (PUD) application submitted by George Washington University and developers Boston Properties and Kettler to redevelop the 2.6-acre, former GW Hospital site bounded by 22nd and 23rd Streets, and Pennsylvania Avenue and I Street NW (the southeast corner of Washington Circle), into Square 54, a mixed-use "town center" with office, residential, and retail space. The Commission had asked GWU in March to revise the height and density of the proposed buildings, so the school took 18,000 sf off the office portion and 15,000 sf from the residential. In April, the National Capital Planning Commission recommended that the Commission approve the new proposal. The $250 million Square 54 project will feature approximately 336 "luxury" residential units (non-university housing), with over 80,000 sf of retail space (including a 27,000-sf supermarket and outdoor café space) and 440,000 sf of office space overlooking Washington Circle. There will also be over 1,000 underground parking spaces. Designed by Pelli Clarke Pelli Architects, LLP and Sasaki & Associates, the project will also include an open space courtyard with pedestrian walkway, and landscaped plaza for outside dining that will have gates at I and 23rd Streets. Completion is expected in 2011.

Previously: GWU Squaring Away Old Hospital Site

Washington D.C. retail and real estate development news

And Now For Something Completely Different ... Joule Now Extended-Stay Housing

Back in February, the Ed Peete Company announced that it was converting its nine-story, 87-unit Joule Condominium project at 3409 N. Wilson Boulevard (located between Clarendon and Ballston) into apartment rentals, despite the fact that 90 percent of the units had been sold and the project was just about finished (these contracts were cancelled). But now, in an interesting twist, it now appears this stylish building will become an extended-stay corporate housing location operated by PA-based Korman Communities Inc., which bought the property from Peete for $43 million and will manage it under its AKA subsidiary. One-bedroom units at the AKA-Arlington are leasing for $135 per day (two bedrooms for up to $215/day), with a minimum 30-day stay requirement – somewhat expensive, but given the high-end condo amenities featured in these units (including washer and dryer units), possibly worthwhile. As the market continues its upward climb again, we’ll watch to see the future fate of this and other projects.

YMCA, Perseus Ready to Move Forward on 1325 W Street Mixed-Use Project

After months of negotiation, it appears that the nonprofit YMCA of Metropolitan Washington DC is partnering with DC-based developer Perseus Realty LLC to redevelop the existing YMCA Anthony Bowen center at 1325 W Street NW in Shaw (the oldest YMCA in DC, dating back to the 1850s) into a $100 million mixed use complex that will include a new, larger YMCA facility (45,000 sf), over 200 apartments, and 12,000 sf of retail. The Washington Business Journal reports that under the arrangement, Perseus will build and finance the YMCA’s new facility, and in exchange receive the land for the apartment building and retail, which it will own and control. The YMCA will own and run the new facility. In preparation for this development, Perseus has already purchased five buildings along this block fronting 14th Street between W Street and Florida Avenue – these structures will be preserved for the retail portion of the project. The architects for this project are the DC office of Hellmuth, Obata & Kassabaum and Dorsky Hodgson & Partners. If all permits and approvals are received, Perseus hopes to break ground in late 2008, with completion expected toward the end of 2010.

Affordable Housing, Historic Preservation for Arlington's Buckingham Village Apartments

Pending County Board approval, construction will begin in November on a portion of Arlington’s Buckingham Village Apartments’ redevelopment process that is being developed by Paradigm Development Company. The site is currently divided into three villages, two of which will be included in the development. The site plan includes renovation, preservation and historic designation of 140 units located within Village 3 as well as the creation of 68 for-sale townhouses and 504 affordable and market-rate rental apartments.

Village 3, bounded by Fourth Street North, Thomas Street, North George Mason Drive and North Perishing Drive, has been identified as a historic district and is scheduled to be purchased by Arlington County. According to Micheline Castan-Smith, the project manager for Paradigm, Village 1, which is bound by George Mason Drive, North Pershing Drive, and North Henderson Road, will be turned into a combination of affordable and market-rate apartments and for-sale townhouses.

The proposed site plan included review and comment from Arlington County’s Department of Community Planning and Housing Development, community advocates and residents. According to Castan-Smith, the main goals for the project are community and historical preservation as well as affordable housing for those who currently live in the villages and for those who will move into the area. The Arlington County Board will meet to discuss and vote on the project on June 9th. We will keep you updated.

Bethesda's 4900 Fairmont Avenue Project Up For Approval

You know you want it … you know you need it – more Bethesda development! Yes, would it be an official week of dcmud blog posts if we didn’t have at least one new Bethesda project to lay out for you all?

This week, the Montgomery County Planning Board is set to hold an approval hearing on 4900 Fairmont, a mixed-use development submitted by Fairmont Development LLC to replace the one-level row of shops and restaurants (including Haandi, a tasty Indian place) at the southwest corner of the intersection of Norfolk and Fairmont Avenues in the Woodmont Triangle section of Bethesda. Fairmont is looking to replace the current structure with up to 154,864 total sf of new development in a 16-story building, with possibly 118 residential condo units (15% being moderately priced dwelling units) on top of 5,500 sf of ground-floor retail. A four-level underground garage would hold 168 spaces. The developer will also be expected to improve the streetscape along Norfolk and Fairmont Avenues, as well as the land along the northern part of Norfolk in Veteran’s Park. The Planning Board is expected to grant approval to this proposal. No timeline is yet known for project completion. The 4900 Fairmont application can be viewed here.

The 4900 Fairmont project is just around the corner from Duball’s Lionsgate, a new 12-story building with 150 upscale condos on the corner of Woodmont Avenue and Old Georgetown Road, and joins other new buildings in the immediate Woodmont Triangle area of Bethesda, such as the 71-unit Rugby Condominium, the 46-unit Woodmont View, and the 60-unit Auburn Avenue project), as well as the other new projects a little south down Woodmont Avenue in Bethesda Row.