Showing posts with label new condos. Show all posts
Showing posts with label new condos. Show all posts

Wednesday, May 20, 2009

Arlington: Finish or Demolish Bromptons at Cherrydale

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The Bromptons at Cherrydale, a 22-unit, mixed-use townhouse-style condo and retail development at 3800 Lee Highway that has stood unfinished since 2006, must now either be either be fully completed or demolished, per an agreement between the Arlington County Board and developer Ed Peete.

 
After selling out the condos during the banner year for condo sales that was 2004, work on the Bromptons stopped in March 2006 after County inspectors found the structure to be faulty, with uneven floors and load-bearing members incapable of bearing the building’s weight. The developer laid the blame for the structural deficiencies on the project's structural engineers – whom Peete later took to court over the matter, though Peete is still working with the project architect.

Meanwhile, beginning in 2007, the developer pledged that he would demolish the work already underway, re-pour the foundation and begin the Bromptons anew. After two raze permits were granted – and lapsed – the County officially declared the quasi-building a "blight" in September 2008 and authorized legal action action against the Ed Peete Company, with the hope of recouping the estimated $600-900,000 of taxpayer funds required to demolish the building on the County’s dime. The County Attorney’s case was scheduled to be heard next week, but has been called off in the light of the settlement announced today.

According to Board Chairman Barbara Favola, today’s agreement “eliminates the uncertainty of this project that has become such an eyesore in the Cherrydale neighborhood.” Per the terms of the settlement, the Peete and company must “make the necessary repairs to complete the approved site plan project and bring it into compliance with the building code within an agreed timeline,” while giving the County the right to carry out demolition should the project not “proceed in accordance with a detailed timeline that specifies each incremental step in the re-design and repair process.” Peete will also be putting $250,000 in escrow to contribute to the cost of any eventual raze and work is set begin again at the site as early as next month. According to the County, the building’s exterior, along with sidewalks and landscaping, will be the first features attended to, so that “the community can begin to enjoy the benefits“ as soon as possible. WHA will remain onboard as the project's architect.

Arlington, VA real estate development news

Monday, May 11, 2009

Condos Get Affordable (and Green) in Columbia Heights

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District-based affordable housing providers Manna Inc. will soon begin work on the latest residential endeavor for the increasingly crowded Columbia Heights neighborhood: the Cardozo Court Condominiums. Located steps from 14th Street at 1343 Clifton Street, NW, the 15-unit, low-cost condo development is being developed, designed and constructed in-house by Manna and will overtake a vacant lot once owned by the city, but long envisioned as a potential home for low-income families.

“We acquired the lot back in the mid-90s from the DC government under the Homestead Program. The exchange was that we got the property and would develop it affordably,” said Karen Williams, Project Manager at Manna, Inc. “We have to get approved by [the Office of Housing and Community Development] because it is a Homestead project. That program no longer exists…but is now administered by the Property Acquisition and Disposition Division.”

The three-story project’s units will start at 551 square feet for a one bedroom with the largest, two-bedroom units measuring in at 1025 square feet. All will be available to area residents making less than 60% AMI, and, though there’s no word on what types of amenities are planned for the site, the project will be built according Enterprise Community Partners“Green Communities Criteria” – a LEED “aligned” program specifically aimed at certifying eco-friendly, affordable housing. Given the project’s ties the recent flurry of similarly minded DC developments, Cardozo Court looks to be on the fast track to breaking ground by summer’s end.

“We’re two steps away from getting our building permit,” said Williams. “Right now it’s in [the Washington Area Sewer Authority] and then it’ll go to structural, but, with permitting, you can hardly guess at [a solid date]. Ideally, we would start later this summer or in the early fall.”

Prices at Cardozo Court will start at $175,000 and, once completed, the development will join two other two other District-sponsored, brand-new, affordable residential developments: Somerset Development’s Hubbard Place redevelopment at 3500 14th Street, NW and Jubilee Inc.’s refurbished Ontario Court apartments at 2525 Ontario Road, NW in Adams Morgan.

Washington DC real estate development news

Saturday, May 09, 2009

Blighted Brightwood Apartments Born Again

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Mayor Adrian Fenty and Ward 4 Councilmember Muriel Bowser made their second joint appearance of the week in Brightwood today, this time to announce the commencement of major renovation procedures at 6425 14th Street, NWa long empty, dilapidated apartment building formerly owned notorious DC landlord, Vincent Abell.

"After essentially two decades of inactivity, frustration and blight…the District of Columbia government finally seized control of the property [in 2008]," said Fenty. "Don’t forget, it had been owned by countless private sector landlords [and] slum lords…People who just had no interest at all in making this the type of fantastic residential apartment building that it was once was and that it will be again.”

To that effect, the District has teamed with Blue Skye Development to repurpose the now-gutted apartment complex for the Tewkesbury Condominiums - a 30,000 square foot, 26-unit condo building that will, according to the Office of the Deputy Mayor for Planning and Economic Development, be comprised of 51% affordable housing.

“We want to promote home ownership,” Deputy Mayor Neil Albert told DCmud of the decision to make the building a for-sale property for the first time in its fifty plus years of existence. “It was originally conceived as a condo project and we were able to get financing for it. Again, there’s a level of affordability that’s going into this building. It’s not a luxury condo building…It’s easier to get that financed than your mid-level and high-priced condos”

Purchased by the DC government early last year for $3 million, after filing suit against its owner for “numerous building code violations,” the total cost of the renovation will come in at $4.6 million. New amenities slated for the complex, as outlined by PGN Architects, include “a community room, roof deck, energy-efficient aluminum windows...as well as outdoor spaces directly behind the building.” With selective demolition already underway inside the complex, the development is scheduled to be open by March 2010 – a full year later than the District initially anticipated when they acquired the property.

“[These] haven’t been easy projects. The reason some of these projects have taken a long time is because there’s a lot of trouble and legal trouble that the city’s been dealing with,” said Muriel Bowser of the numerous concurrent, affordable housing initiatives under way in her ward. “But this administration has taken a ‘can do’ approach. Not 'we can’t,' not 'we won’t,' but that we’ll figure out how to get it done.”

Fenty and Bowser teamed-up earlier these week to oversee demolition at 3910 Georgia Avenue, NW, future site of the 130-unit Georgia Commons project, and for the opening of the Neighborhood Development Company's Residences at Georgia Avenue in March.

Thursday, April 16, 2009

Argent Resurrects Condos in Silver Spring

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A lot can change in two years. But since beginning construction in 2007 at 1200 Blair Mill Road in Silver Spring, Perseus Realty, LLC’s plan for the building nearing completion at the site, The Argent, seems to be much the same as it was pre-economic doldrums. Representatives of the developer have told DCmud that the project will “definitively be condos” – a first (and perhaps last) for metro area development in 2009.

The $37 million, JSA Inc.-designed building will boast 96 units - ranging from 600 square foot efficiencies to 1,430 square foot two-bedrooms – on nine stories. Part and parcel with the Argent’s "urban oasis" atmosphere are amenities including art deco flourishes, nine-foot ceilings, an “elegant rooftop patio,” a front desk receptionist and a 4,200 square foot public park on the grounds, featuring landscaping by Mahan Rykiel Associates and a sculpture from local artist Mary Ann E. Mears.

“We’re planning to open with decorated models by the end of May. There’s not a certain date, but that’s what we’re shooting for,” said Barbara Causey of the Mayhood Company.

The Argent and its development team are apparently not brushing off the state of the market entirely; initially priced in the $400,000s before construction, Causey says that Perseus is currently reevaluating their asking price for a piece of the development, and "expects [final prices] in three to four weeks."

In the meantime, Clark Construction is working diligently at the site in order to have the building up and running in time for what is sure to be a (not so) brisk summer sales season.

Silver Spring real estate development news

Monday, April 13, 2009

Archstone Ponders More Residential for National Gateway

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Noma National Gateway, Washington DC, Tishman Speyer, Archstone Smith, Marriott, Camden Trust, DC real estateOf all the large-scale projects in development at the National Gateway, Archstone-Smith's "luxury residential towers" in Potomac Yard has been the least talked about - despite the 1.5 million square feet of LEED certified office space currently going up in the same neighborhood. Now the developer is seeking an "extension of time to...submit a building permit for two land bays and park concept design plan" from the Arlington County Board at their April 25th meeting.Noma National Gateway, Washington DC, Tishman Speyer, Archstone Smith, Marriott, Camden TrustArchstone acquired a large swath of the Meridian Group’s National Gateway project for an undisclosed sum in May 2007 with the intent of bringing 691 residential units to the site. But Archstone has yet to move soil in their 135,402 square foot parcel bounded by Jefferson Davis Highway, Potomac Avenue and Crystal Drive, nor has an architect been formally linked to what is being called the “Archstone National Gateway,” though permitting records indicate that they have taken on Tishman Speyer as a development partner. 

"We’re still in the drawing stage, but we should have something by the end of the month as far designs and proposals go," said Joshua Custer, Archstone-Smith's Marketing Coordinator. In all, planners hope for an eventual 1500 residential units with the recently opened 386-unit Camden apartments and 479-unit Eclipse condominiums, which began sales in 2005 and still have nearly 100 condos left to go. Ouch.

As for other adjoining pieces of the National Gateway pie, Camden Property Trust has already delivered there, while another nearby parcel was sold off to Marriott International for development under their Renaissance and Residence Inn brands is already well into construction.

For Meridian’s part, they are well on their way to realizing the 1.5 million square feet of office and 200,000 square feet of restaurants and retail included in Phase I of their National Gateway. That project is set to deliver this coming November.

Washington DC real estate news

Thursday, April 09, 2009

Factory 202 Gets Mixed-Up in Southeast?

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Forest City Washington's aggressive development of the Capitol Riverfront via The Yards project is still keeping pace with its brisk timetable, but one component in particular might be getting a little retooling before it sees the light of day. The SK&I-designed Factory 202 project - a renovation and expansion of the Navy Yard industrial building formerly occupied by Federal Protective Services - had initially been inked as a 271-unit condo project. Now, whether due to the enduring pain of the condo market or saturation from competing projects in the area, Forest City is exploring the possibility of a different development scheme for the property.

"We're currently evaluating whether it will be all residential or include some mixed-use retail," said Gary McManus, Marketing Manager for Forest City.

Another contributing factor to the planned renovation and two-story addition to the historic warehouse/factory - still slated for a 2011 completion - is the fact that the property remains in the hands of the General Services Administration (GSA). Said McManus:

That’s former federal land…GSA actually owns that site and we’re partnering with them...When we actually begin development of a new building or redevelopment of one of the existing buildings, we buy that parcel from GSA at that point. But…nothing is happening on that building yet, we haven’t bought [it].
As such, a definitive start date for project has yet to be scheduled. Nonetheless, work continues on several other mixed-use Yards projects. The Park at the Yards is under is construction, while the adjoining “Lumber Shed” renovation, new retail pavilions and stainless steel spire all recently received approvals from the DC Zoning Commission and National Capital Planning Commission. Meanwhile, the Boilermaker Shops at 200 Tingey Street, SE continues to court retailers for what (one day) will be space along the linchpin of the Capitol Riverfront boardwalk.

Wednesday, April 01, 2009

New Capital for Capitol Gateway?

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Almost a decade after it was first announced, Washington DC’s Marshall Heights neighborhood, bordering the Prince George's County line, may soon receive its long overdue shot in the arm. Developers just last week filed an application with the District government to demolish the abandoned towers on the site (or, in the words of the Office of the Chief Financial Officer, the "unclaimed" property). The Capitol View Plaza public housing complex and neighboringCapitol Heights real estate, Washington dc, East Capitol Street 14-story building, at 5901 and 5929 East Capitol Street, SE will soon be razed to make way for a 110,000-square foot retail center and mixed-income housing.

In 2000, under the administration of former DC Mayor Anthony Williams, the US Department of Housing and Urban Development (HUD) allotted a $30.8 million grant under its Hope VI program to the redevelopment of Capitol View Plaza's 12-story tower - then designated public housing for the elderly and disabled - across from the Capitol Heights Metro. Though the project had initially been scheduled to proceed in 2003, this is the first public sign since 2007 that the redevelopment remains on the District radar.

"5929 we purchased from HUD because it was foreclosed upon. Then we had some issues with FHA when we purchased the building because we had a financial gap. We decided it wasn't worth taking the risk if we didn't have a way to close that gap," said DCHA's Kerry Smyser of the delays. "FHA provided an upfront grant of about $12 million, but you have to use it on their footprint and there's more to do on that site than just to do with that building."

Indeed there is. Originally dubbed “New East Capitol” by the city government, the project has now been twinned with neighboring Capitol Gateway residential project, produced by the A&R Development Corporation and the Henson Development Company. Phase I of that development has delivered “nearly 240 duplexes, townhouses and single-family homes” to an area once notorious for its violence; time and development have gone a Capitol Heights real estate, Washington dc, East Capitol Streetlong way in imbuing the immediate area with a suburban je ne sais quoi.

That, however, is merely prologue to the 3.4 million square feet of office space, 1450 residential units - including 669 condominiums - and 300,000 square feet of retail space slated to spring up on both sides of East Capitol once construction of the Gateway project begins. Just last year, the development team confirmed that Shoppers Food & Pharmacy will be opening its very first DC branch, a 61,000-s.f. Shoppers Food Warehouse, as part of Capitol Gateway’s mixed-use component...someday. According to Smyser, DCHA is not currently projecting a timeline for construction, nor is A&R committing to a schedule. In total, the cost of the ambitious project is expected to exceed $1 billion.

Washington DC commercial real estate development news

Tuesday, March 31, 2009

New Condos for U Street Corridor

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Bonstra Haresign ARCHITECTS (BHA) is currently spearheading a top-to-bottom renovation of two neighboring, historic U Street area townhomes at 2029-2031 13th Street, NW – across the street from The Ellington’s retail enclave and caddy-corner from the proposed site of JBG’s U Street Hotel. According to Bill Bonstra, founder and managing partner of BHA, despite the prominent location, the project has presented a few unique challenges.

“[It] is a dual 3-unit conversion with rooftop addition to two townhouses. A tough project as it needed historic approval with the Historic Preservation Review Board (HPRB) and any addition to townhouses, in that regard, is frowned upon strongly by the Board,” said Bonstra. “We had to clearly show them the addition was not visible from the street.”

Following completion of interior work, as well as the rear and rooftop additions cleared by the HPRB in 2006, the property’s owner, Negasi Gebreyes, will be marketing the six condos culled from the site for sale. According to Bonstra, work should wrap up “in a few months.”

Thursday, March 12, 2009

Unwanted Condos Get Affordable in Germantown

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Maryland real estate newsProlific affordable housing providers, AHC Inc. - whose resume includes developments such as The Shelton and Macedonia in Northern Virginia - have just inked their first deal with Montgomery County. Using a total of $5.4 million in loans from County's Housing Initiative and Community Development Block Grant Funds, AHC has purchased 29 new condominiums at Fairfield Residential's Ashmore at Germantown development for the purpose of converting them in to longFairfield Residential, AHC, Ashmore at Germantown, Maryland real estate-term affordable rentals. According to the developer, "After the units are leased, AHC will refinance the property and return a portion of the funding to the County to be recycled into additional affordable housing initiatives."

While certainly not a boon to the development’s marketing strategy, the sale is certainly a relief for Fairfield; this past November, when faced with a declining market and a glut of unsold units, the developer put 45 two and three-bedroom units at the Ashmore up for auction - with some going for as little as $140,000, or one-third of the initial asking price, for those counting. Despite being sold to AHC at well below original point (the developer picked them up for approximately $186,000 each), the units at the Ashmore still boast standard amenities, including “custom cabinetry, ceramic flooring, crown molding” and a community center with a pool and fitness center.New condos in Shaw, Washington DC real estate

For the County’s part, they seem pleased to have funded an arrangement that will provide affordable housing, while sidestepping the obvious the downsides of providing for a ghost town smack in the middle of the County (see the current market conditions in Florida for numerous examples of less fortuitous outcomes).

“Creating and preserving affordable housing is one of my highest priorities,” said County Executive Isiah Leggett in a statement announcing the sale. “I am pleased that the Housing Initiative Fund is being used to acquire more than two dozen condominiums and make them affordable for eligible residents.”


Maryland real estate news

Wednesday, March 11, 2009

Dunbar Place Schedules Start Date

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Years of planning appear to be paying off for the for NoMa corridor. As other District projects see their timelines extended ad infinitum in the face of market declines, development in the neighborhood surrounding Union Station are managing to stay on track and spawn secondary projects to boot.

One such project is Thoron Development’s Dunbar Place development, which will occupy the former site of six rowhouses at 1322-1330 North Capitol Street and 7 Hanover Place, NW. Despite receiving initial approval in May of 2008 and projecting a late 2009 completion, Thoron’s Robert T. Taylor now tells DCmud that construction will be underway by sometime in “March or April.” Once completed, Dunbar Place will top out at five stories and offer 29 new condominiums (along with ground level green space and a rooftop deck) to the North Capitol corridor.

Other projects currently underway in NoMa include Northwest One (part of which will be constructed at the site of the recently demolished Temple Court housing complex), the Washington Center’s intern dormitory at Third and K Streets, NE, and the Cohen CompaniesUnion Place at the very same intersection.

Washington DC real estate development news

Wednesday, February 18, 2009

"Home Again" Hones in on LeDroit Park

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Neighborhood Development Company, Washington DC, Shaw, PGN Architects, Ledroit ParkSeven years and a new mayor later, the Vacant and Abandoned Housing Initiative is still flush with properties for redevelopment. Established by former Mayor Anthony Williams in 2002, the initiative – better known to the public as “Home Again” – was tasked with converting “vacant and abandoned buildings into quality, affordable homes.” Now, two years after being awarded a bundle of unoccupied LeDroit Park properties, aptly-titledNeighborhood Development Company, Washington DC, Shaw, PGN Architects, Ledroit Park DC developer, the Neighborhood Development Company (NDC), is gearing up to begin work on the first installment of their “Home Again” redevelopment projects at 1915 6th Street, NW.

Currently a vacant lot straddled by several historic LeDroit Park homes, NDC is aiming to reinvigorate the long vacant parcel with a new three-story “historicist” condominium development. Designed by PGN Architects, the building will outwardly appear to be a brick townhouse with “a rusticated base, precast accents and wood windows” and measure in at 1,300 square feet. The project is currently scheduled to begin construction in July 2009 - after missing the mark last September. NDC previously accrued the approval of both the LeDroit Park Civic Association and Historic Preservation Review Board in summer of 2008.

Neighborhood Development Company, Washington DC, Shaw, PGN Architects, Ledroit ParkDiminutive though it may be, the 1915 6th project is just the first of ten “Home Again” properties under the control of NDC; next up for development will be duel derelict structures, just outside of LeDroit proper, at 902 and 904 T Street, NW. In all, NDC plans to squeeze 22 units – 4 of which of will be priced at affordable housing rates – out of their LeDroit Park lemons.


Washington DC commercial real estate news

Wednesday, February 11, 2009

Capitol Riverfront Showcase This Weekend

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With passage of the stimulus bill now behind us, the Capitol Riverfront BID (CRBID) is teaming with local artist collective Artomatic and starving artist patrons, The Pink Line Project, to highlight a trio of residential properties along the Southeast Waterfront this coming weekend. Entitled “Luck of the Draw,” the festival/marketing showcase will include art installations and live music coincidentally located at three prominent nouveau Southeast developments: the Cohen CompaniesVelocity Condominiums, JPI’s Axiom at Capitol Yards, and Faison’s Onyx on First.

The free public festivities kick off this Friday, February 13th at 6 PM and run through Sunday, February 15th. Residential units and lounges at the three aforementioned properties will be populated with “photography, installation art, graffiti artists, live music, and DJs and dancing;” we can only presume that there might be a few agents on hand (wink wink) to facilitate the transition from the dance floor to the sales office. Talk about mixed-use.

The cross-pollinating event will also serve a prelude to the CRBID’s 2009 partnership with Artomatic, which will be holding a 10th anniversary party of their very own in the Capitol Riverfront in just a few months. Artomatic had previously teamed with competing development district, NoMA, for their 2008 exhibition.

"With our 2007 Artomatic we began working with the Business Improvement Districts...and found partnering with the BIDs as a perfect way for Artomatic to better engage the neighborhoods we were in and better leverage our outreach and marketing efforts for our event," said Artomatic representative and featured artist, Patrick Oberman.


Monday, January 05, 2009

New Condo Report: Park View Condominiums

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New Condo Report: Having just been completed over the Thanksgiving holiday, the Park View Condominiums are the latest addition to the Parkview/Petworth condo market. Located at 3573 Warder Street, NW - just across the street from Bruce Monroe Elementary School and Parkview Recreation Center - the new condominium offers 8 two-bedroom, two bath, two-story loft condominiums that range in price from $369,00-$423,000.

Culled from the renovation of circa 1910 District apartment building, the units offer all the trappings of the 21st century with built-in speakers, iPod docks, ADT security systems, three-way gas fireplaces, and pre-wired flatscreen mantles. The kitchens feature stainless steel appliances, range hoods and granite countertops, while the adjoining living rooms sport Brazilian wood floors, recessed lighting and video monitoring of the building’s communal front entrance way.

Once inside the easy-to-spot, chartreuse building, floorplans vary from 1200-1400 square feet – all with two master suites and an upstairs den. The four slightly larger lofts in the property’s rear have the added advantage an extra ground floor half-bath and access to the pressure-treated wooden balconies-cum-fire escape that also serve as a rear entrance. All bathrooms feature imported tile and hand-painted, freestanding Italian glass sinks.

The Park View stands four blocks southeast of the Petworth Metro, though as an urban sacrifice to the automobile, the project's backyard features a paved and gated parking lot.

Renovation procedures at the Park View were overseen by STX LLC and Crisa Developments, while designs were supplied by Kellete & Associates.

Saturday, October 25, 2008

New Condo Opens in Columbia Heights

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Washington DC retail for leaseBogdan Builders, Logan Circle, new condos, Cityscape on Belmont, Zahn DesignA new condominium will open its doors this weekend when the Cityscape on Belmont condominium in Columbia Heights opens to the public today. Bethesda-based Bogdan Builders started construction on the 28-unit building in September of last year, and expects settlements before the end of the year. Located at 1330 Belmont Street, NW, the building will feature ceiling Bogdan's, Level2's View14, the Solea and the Nehemiah Center, Washington DCheights from 10'8 to 15'4, traditional interiors, and limited outdoor parking, with prices to start at $384,900. The wood frame construction features an exterior skin of brick on the facade, and while it's not "another architectural masterpiece!" - the predictably hyperbolic realtor-speak of the sales team - it does sit on the hill in Columbia Heights, giving it views of the city from the rear. Half the new condos will be on one level, the other half on two, a few with private roof decks, and each with exposure on the north and south facades. Cityscape on Belmont, known until now as Belmont Vista, was designed by Zahn Design. Bogdan purchased the land four years ago in a deal struck nearby at the MacDonald's at 14th & U (ew.) Bogdan's newest project joins a chorus of adjacent developments in what adds up to a busy construction site, all now under construction, including Level2's View14 (170 residential units), the Solea (59 units), and the Nehemiah Center, which has just begun demolition, to be eventually replaced by a large apartment building, all within feet of the entrance of Cityscape. Bogdan's self-proclaimed style is "suburban style" in the city, having previously built sprawling houses in Potomac; recent examples of their urban handiwork are available at Logan Station, the Villaggio, and the Ivy at Harvard.

Washington DC retail and construction news

Monday, September 22, 2008

Savoy Court Condominiums


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Despite being located in a quiet, wooded neighborhood, Savoy Court is just 10 minutes from downtown, right across from the new Southeast Federal Center and the home of the Washington Nationals. Not only does Savoy Court feature contemporary floorplans and outstanding architecture, it also offers great amenities such as a private courtyard with pergola, rooftop deck, and fitness center. These spaces help foster community by creating opportunities for residents to meet like-minded, civic-oriented people. And with competitive pricing (including FHA approval!), owning a home at Savoy Court can be as affordable as renting (Subject to qualification; visit www.savoycourt.com for details). Savoy Court is a smart investment in your future, your lifestyle, and your community.

Washington DC real estate news

Wednesday, July 23, 2008

Butterfield House Architectural Tour

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Washington DC - Capitol Hill condos for sale
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The Butterfield House will be offering a guided tour, led by the project architect, Sassan Gharai, principle of SGA Architects of Bethesda. The tour will take place at 3 pm on Saturday, July 26th, on location at 1020 Pennsylvania Ave., SE. The Butterfield House, a 28-unit residential building near Capitol Hill's Eastern Market, recently completed construction, and was featured last month by the prestigious National Building Museum for its design, which successfully blends modern amenities and technology within the framework of Capitol Hill's historic fabric, adding to the Hill an elegantly detailed structure, even by the rigorous standards of the surrounding architecture.
SGA Architects has designed and developed a number of large commercial, residential, and retail buildings throughout the greater DC area. Development of the Butterfield House, named after celebrated architect William Butterfield, involved removal and remediation of the structures and soil of the service station that had occupied the site for many years. Mr. Gharai will be discussing the environmental improvement of the site as the architecture and design of the building.
Marketing and sales by DCRE.


Washington DC real estate news

Thursday, July 03, 2008

West End's Newest Condos

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Washington DC commercial real estate, retail leasingWashington DC's West End neighborhood has two more condominiums to call its own. The neighborhood that had until the past few years been the DMZ between Georgetown and Dupont, home to emergency vehicles, gas stations, and crumbling embassies, has nearly completed its neoresidential transformation. After two years of construction, Eastbanc Development's 22 West has begun moving residents into the building. One block away, the Tiverton Apartment building is now undergoing renovation to convert the historic apartments into a condominium. The Tiverton, at 1121 24th Street, was purchased by Keener-Squire in early 2008, which removed theWashington DC commercial property, West End Flats, Eastbanc, Tiverton Apartments, Keener Squire, Shalom Baranes tenants to make way for a full renovation and conversion into the West End Flats. Sales by Coldwell Banker Residential are expected to begin in September. 

Sale of the building touched off a firestorm last fall when Georgetown-based Eastbanc proposed a comprehensive development package that included the Tiverton. Under the proposal, Eastbanc would have purchased three parcels for market rate, including the Tiverton and adjacent West End Library site, and would have provided the District with a new fire station, library and Special Operations Division of the Metropolitan Police Department, all of which demeaningly outdated. The DC Council approved the real estate sale last July but, waking up the next morning and realizing what it had done, was suddenly revolted at the non-competitiveness of the agreement, and on October 2nd, with neighborhood activists protesting to have more input in the District's sale of land, unanimously passed a motion to reconsider the sale. The Council then passed a second motion proposed by Councilmember Jack Evans to table the property disposition, which effectively ended discussions on the deal. The 22 West, Eastbanc, West End, Washington DC, new condosCouncil initially approved the development plans "in the belief that [the Council] was protecting the rights of the Tiverton tenants," said Evans at the time, but in the end the entire council buckled, and eventually sold the Tiverton separately, sacrificing development of the library, fire station and police station. The West End is surrounded by tony condos like the Columbia Residences, which converted the old Columbia Women's Hospital, and Ritz Carlton, also by Eastbanc. The Tiverton is expected to be ready in early 2009. 22 West, designed by Shalom Baranes with a zinc exterior, is selling its 95 condos from the upper $700k's.

Washington DC retail and real estate news

Monday, June 23, 2008

Razing the Stakes on Capitol Hill

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Louis Dreyfus Property Group, Cook and Fox Architects, Capitol Hill, Washington DC development, historic buildings The Louis Dreyfus Property Group has received final PUD approval for the razing of approximately fifteen adjacent historic townhouses on Capitol Hill to make way for Capitol Place, a 380,000-s.f. mixed use development with 302 condominiums and 20,000 s.f. of retail, designed by New York-based Cook + Fox Architects. The townhouses, dating from as far back as the mid 19th Century, will be sacrificed as part of a deal that will allow development of the site, but may also enhance protection of historic buildings on the rest of Capitol Hill. The buildings, located at G and Second Streets, NE, are currently being leased to area businesses, and may be demolished as early as this fall. The trade will include an $83,500 payment from the developer to the Capitol Hill Restoration Society, enough to pay for a professional survey of the area to delineate the merit of an expanded historic zone. The survey is the first step towardWashington DC commercial real estate agent an extended Capitol Hill Historic District which, according to the PUD, would include properties located "within the twenty-six blocks comprised of 2nd to 15th Streets, N.E., and F to H Streets, N.E., not including the Site or properties within the H Street Overlay."
The block misses the Capitol Hill Historic District - a legislatively demarcated zone which ends at F Street, NE - by one block, and therefore does not go before the Historic Preservation Review Board (HPRB). As with all raze permits, the application went through the Historic Preservation Office (HPO), part of the Office of Planning, but was not held for the customary thirty day discussion and review period because it was part of an existing PUD. Ultimately, all razes are signed by David Maloney, DC's State Historic Preservation Officer, whether historic or not. Non-historic razes end at the HPO after they double check that the structure and site are not historic; applications for historic sites go on to the HPRB. 

With Maloney's signature, the fate of this block was sealed. In this case, even though the buildings are not in the historic district, Brendan Meyer, Preservation Specialist with the HPO, said the request was an unusual one to come through the office. “Typically we get 1950-1960 ranches out on the city fringes that are razed and subdivided, but something closer to the historic area would give us more pause. We would evaluate it and ask, ‘is it significant enough to do outreach to prevent the raze, or do we just say that it’s outside the historic district and let it go?’" Sean Cahill, Vice President of Development for Dreyfus agreed, “This is not your typical application,” he said. According to Meyer, the Capitol Hill Historic District is listed as historic for its architectural history and marked with a longer period of significance (1791-1945) than other areas like Mount Pleasant (1870-1949). Meyer said that in the case of the Capitol Hill Historic District “It’s not one person or event, but a collection of architecture that represents a broad and rich timeline of DC’s urban development. It helps us understand how DC grew and how it became a city.” That being said, he added that not every town house can be preserved. "They are perfectly nice and charming, but we have 8,000 others already established and we are protecting them. These townhouses are outside the district and there is nothing about them that makes them particularly special," Meyer said. According to Cahill, the neighborhood ANC is on board, as is Gary Peterson of the Capitol Hill Restoration Society (CHRS). “We went through a mediation process with the neighbors on Square 752 as well as the ANC and the adjoining ANC, so it was a very long process,” Cahill added. 


"I think most people are reasonably satisfied with where we ended up. I am a pretty ardent preservationist, so I hate to see old buildings taken down, but i think that the development will be a benefit to the city and we worked hard to design a project with the least negative impact for the remaining residents on the square," said Drury Tallant, Co-Chair of the Stanton Park Neighborhood Association Land Use Committee and square resident. Drury Tallant, Co-Chair of the Stanton Park Neighborhood Association Land Use Committee "If it were in the historic district, the buildings that are being taken down would be contributing structures and they would not be allowed to demolish them. One of the things Dreyfus offered to the community was money to pay for historic structural survey that would potentially lead to the expansion of the Capitol Hill Historic District to cover from this square to 16th Street... In essence, it was a bargain the community made in order to pay for the survey that is a prerequisite for expanding the district. These buildings were sacrificed to get the funds," Tallant said. HPO's approval allows for demolition this fall; construction is anticipated within the following year-and-a-half, and delivery expected thirty-two months later. Capitol Hill historic preservationLocated adjacent to the H Street Overpass, Capitol Place will be the closest residential and mixed-use site on H Street to the Union Station Metro. Though it will share a block with the historic two and three story row houses, it will also sit across from the 10-story Senate Square, as well as a new 11-story office building still under construction. Reduced 43,000 s.f. from its original size, the 10-12 story building has been in the PUD process for the last three years as the developer worked with architects, the Zoning Commission, and the neighborhood to come up with an appropriate, neighborhood-serving design. Other goodies for the neighbors include two micro-grant programs, the first of which will be $150,000 for which property owners of adjacent lots can apply to make repairs and improvements to the parts of their homes that are either within public space or viewed from public space. The second program will allow $80,000 for which property owners living on the construction square (752) can apply to make upgrades to their homes as approved by the CHRS. Finally, the developer will pay $20,000 to CHRS for administering the two grant programs. In addition to the grants, Dreyfus will also give $150,000 to H Street Main Street for the Clean and Safe Program.  The developer, which mainly works on “high quality, central business district and suburban office buildings” has properties in DC, suburban New York, and Paris.

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