Sunday, May 13, 2007

Hashing Out New Condos on U Street

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map: Washington DC commercial real estate

Once just a wrong turn off U Street, the neighborhood north of U continues to evolve, with sales of The Lacey set to begin this week as the developer breaks ground on U Street’s latest residential development. Designed by Division1 Architects (the architect behind Lima, one of K Streets trendiest night spots, and the acclaimed 1024 W Street), the Lacey will be impossible to miss, a strikingly ultra-modern, a 26-unit residential building that will incorporate extensive use of glass walls and concrete throughout its four stories, a clean break with the surrounding federal-style townhouses, featuring Hansgrohe fixtures and Snaidero cabinetry. The new condo will replace the parking lot next to the legendary Florida Avenue Grill - serving grits and hash since 1944 and regularly patronized by DC politicos – and is being developed by the Grill’s current owner, Imar HutchinsLacey condos, Imar Hutchins, DC commercial real estate development

The Lacey is named in honor of Lacey C. Wilson Sr. and Jr., longtime proprietors of the Grill. "The Lacey celebrates the vision, perseverance and ambition of two men, who symbolize the essence of this community," says developer Imar Hutchins. "It truly sets a new standard of urban living in the U Street neighborhood." Sales of the studio, one- and two-bedroom units start in the mid $300’s. The Lacey will be built by Eichberg Construction, construction began in April, completion is expected in Summer 2008. The new condo will sit only two blocks from the U Street Metro. And thankfully, the Grill will remain.

Washington DC commercial real estate news

Thursday, May 10, 2007

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

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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.

Wednesday, May 09, 2007

Cohen Companies Joins Southeast Redevelopment

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It’s a one, two, three-phase development for the SE ballpark area. The Rockville-based Cohen Companies (working with ADC Builders) is in the process of attaining permits for its 820,000 s.f. mixed-use project that is planned for 1025 First Street SE (the former home of old-school nightclubs Wet and Edge). Three blocks away from the new Nationals Stadium, Phase One of the project will include Velocity, A Condominium, a 200-unit building with below ground parking for residents. The building will also include a central courtyard and restaurant retail space on the ground floor.

Phase Two will be identical to Velocity with another 200 condominium units. Plans for Phase Three have not been finalized, however candidates for the third building include a hotel with condos, an office building, and more retail space.

Speaking of one of many new developments in the area, Michelle Pilon, project coordinator at Cohen, said the project is an important part of the revitalization of Southeast. “The revitalization of Southeast is going to bring such vitality, urban art, and retail to the area – it will put DC into the 21st century. It will not just be this federal government city, it will have a vibe.” Construction is slated to begin on June 1st with completion scheduled for the end of 2009.

Tuesday, May 08, 2007

Bethesda's 4900 Fairmont Avenue Project Up For Approval

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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.

Arlington County In Search Of Developers for New Columbia Pike Project

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For years, Arlington County’s long-neglected Columbia Pike corridor has stood by while other areas of the county saw new residential and commercial development, the windfall of the hot real estate market. But the next few years will be the Pike’s time to shine, as a number of revitalization projects are about to deliver, break ground, or make progress (such as the 235-apartment Columbia Village, the 299-apartment Penrose Square, the proposed $150 million streetcar system planned for a five-mile stretch along Columbia Pike between Pentagon City and Skyline in Fairfax, and more . Next up: Arlington County’s proposal to redevelop the Arlington Mill Community Center site, located at 4975 Columbia Pike, just west of S. 4 Mile Run Drive. The County is now accepting proposals from pre-qualified developers interested in turning the Center into a mixed-use site, with a new community center, up to 250 residential units (no decision yet on condo or rental), and 5,000 sf of retail space. The County hopes to have a partner for this project selected and ready for the County Board’s approval this July, with final approval hopefully granted by year’s end. The Request for Proposals can be found here.

Monday, May 07, 2007

WMATA Solicits Bid for Florida Ave Development

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The Washington Metro Area Transit Authority (WMATA) announced that it is soliciting bids on three of its properties on Florida Avenue in Shaw, opening the possibility of urban infill near one of the least developed Metro sites in Northwest. The three parcels abut 8th Street to the East and West, on the South side of Florida Avenue. Sited between the Shaw and U Street Metro stations, each two blocks away, the parcels are currently unimproved – excepting the regular local flea markets – and contain about 29,000 s.f. of developable space. The three small, noncontiguous lots may be a challenging development; each is currently zoned to allow a maximum height of 65 feet, though the Arts Overlay Zone may provide bonus density for ‘arts related’ uses, and are encumbered by the Metro tunnel that passes below, limiting excavation to 19 feet. WMATA is proposing to sell or lease the lots, likely for a mixed-use project incorporating residential development. Bids for the project are due May 31.

Friday, May 04, 2007

List Narrowed to Four Developers for Catholic U. Mixed-Use Project

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Catholic University has shortened its list of potential developers for its planned mixed-use residential/retail complex to four companies, and hopes to have the winner selected by this June, according to the Washington Business Journal. The targeted site is an eight-acre area in the South Campus, below Michigan Avenue NE, just west of the Brookland Metro station, now occupied by three student residence halls (Spalding, Spellman and Conaty Halls), St. Bonaventure Hall, and empty lots now used by the Brookland farmers’ market (the halls will be razed and new halls will be located on the main campus for students). The four shortlisted developers are EYA, Monument Realty, Trammell Crow, and Abdo Development. Catholic hopes this private development will revitalize Michigan Avenue NE and the area around the metro stop, and well as generate revenue for the school.

Wednesday, May 02, 2007

Bethesda’s Rugby Condominium Project Back on Track?

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Last Fall, after months of discussion, the Montgomery County Planning Board denied the application submitted by developer 4851 Rugby Avenue LLC to build The Rugby Condominium, a 10-story, 71-unit building with 1,250 square feet of public art studio space planned for 4851 Rugby Avenue (on the north side of Rugby, at the intersection of Rugby and Auburn Avenues) in downtown Bethesda’s Woodmont Triangle, saying that the planned building height of 101 feet would exceed the nine-story (90 feet) zoning limit. But now the developer is back with a revised application – to be considered by the Planning Board as early as May 3 - that has a lower height and larger public arts space. The Planning Board is expected to grant approval to this new application. The new application proposes 61 condo units (eight being affordable housing) and 2,000 sf for four art studio spaces (plus a 3,277-sf outdoor plaza) all in a nine-story building. There will also be three levels of underground parking. If approved, the developer hopes to begin construction in 2008.

Tuesday, May 01, 2007

Solea Condo Project in Columbia Heights Acquires Site, Groundbreaking Possible This Month

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Last week, the Jair Lynch Companies, leading a team that includes the National Capital Revitalization Corporation (NCRC) and MacFarlane Partners, announced that the group has officially acquitted the land in Columbia Heights for its Solea project, a mixed-use and mixed-income live/work property. The Solea will be located on what was formally known as Parcel 34 at the northwest corner of 14th Street and Florida Avenue NW, just above the U Street corridor at the start of Columbia Heights. The 60,700-sf project will feature 52 residential condominiums (21 of which will be set aside for affordable and workforce housing), seven live/work units, and three retail condos (two of which will be affordable space for local business). Architecture will be by Sorg & Associates, with both Hamel Builders and Gilford Corporation as the general contractor. Tania Jackson, Director of Community Policy for Jair Lynch Companies, tells dcmud that the company expects to break ground on Solea later this month.

Monday, April 30, 2007

Bethesda's Battery Lane Condo Plan Approved

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Last week, the Montgomery County Council approved the Development Plan Amendment submitted by Battery Lane LLC for its Woodmont View mixed-use project, to be located on the northwest corner of Woodmont Avenue and Battery Lane, a block or so east of the main drag of restaurants and shops in Bethesda. Woodmont View will be a residential complex with 46 condo units (with eight moderately priced dwelling units) above a ground-floor restaurant. The existing four-story office building on the property will be destroyed. In addition to the condo complex, the developer will build one single family home on the northern end of the parcel, most likely for personal use. [Additional architect drawings can be found here (PDF).]

Friday, April 27, 2007

Capitol Place Approved, But Upzoning Denied

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On April 11, the Near Northeast advisory neighborhood commission (ANC 6C) – while voting unanimously for Dreyfus Properties’ mixed-use Capitol Place project between Second and Third and G and H Streets NE – denied the developer’s request that a portion of the property be “upzoned” for taller and denser construction, saying the proposed scale would set an unwanted precedent for future construction along H Street, and tower over the nearby residential townhouses. Capitol Place, across from the new Senate Square, is projected to have 314 condos (15% set aside for affordable housing), 24,500 sf of retail space, and 380 parking spaces. Dreyfus was looking to have the northwest corner of the project upzoned to allow the construction of a 110-foot tower to match the symmetry of Senate Square. The DC Zoning Commission is next expected to review Dreyfus’ project application on May 7.
[Update (4/31): New rendering of project (h/t: pingo in comments).]

Thursday, April 26, 2007

Silver Spring’s Studio Plaza Project Downsizes

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Last year, developer Michael LLC submitted plans for Studio Plaza, the redevelopment of lots between Thayer and Silver Spring Avenues along Georgia Avenue in the Fenton Village area of the Silver Spring Central Business District now occupied with low-scale commercial buildings and surface parking. Initial plans called for a mixed-use development, with one seven-story building facing Thayer Avenue with 146,000 sf of office space and 20,000 sf of new retail on the ground floor, two 90-foot residential buildings facing Silver Spring Avenue containing 255 units and 7,000 sf of retail, and two small green parks.

But last week, the developer, citing zoning issues with the office space and parks, told the Silver Spring Commercial Economic Development Committee that it plans to drop the office building and all its retail space, plus the two parks, from its proposal, leaving just the two residential towers (pictured), but now with only 165 units instead of 255. No decision has been made yet as to whether these will be condos or rentals, though 15% will be set aside as moderately priced dwelling units. The residential buildings will retain the 7,000 sf of retail. There will also be 186 parking spaces below the residential buildings. The revised proposal is expected to be discussed before the Montgomery County Planning Board on June 7.

Wednesday, April 25, 2007

Two New Marina Views for Southwest

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The urban renewal of the 1950s left Southwest a forgotten section of DC, but recent projects are bringing new excitement and livability to the area. One such project is Fairfield Residential LLC’s Marina View Towers (click image to see rendering of project layout). The developer is renovating the two existing Marina View Towers at 1100 6th Street SW and adding two additional residential structures, a development that will be a mix of apartments, condos, a large central garden, and 8,000 s.f. retail space. Designed by I.M. Pei, the two original towers are of historic status and, thus could not be demolished; instead, they will undergo complete interior renovations. The north existing tower will become a 128-unit apartment building while the southern tower will be converted into a 120-unit condominium building. The final piece of the project is a 12,000-15,000 s.f. amenities building for residents that will include a pool, gym, lounge, and business center.

Taking the place of the two towers’ surface parking lot will be two new 112-foot towers each with approximately 145 rental apartments. Designed by Esocoff and Associates, both buildings will offer parking for residents, the north tower with three underground levels and the south with four; the new south tower will also include 8,000 s.f. of retail space.

Also being redeveloped in the developer-described “oasis” that is Southwest is the former Waterside Mall into “Waterfront” a mixed-use development that will share a driveway with Marina View. “It (Southwest) is not a hotbed because there are not a lot of available sites. There are the Forest City renovations, PN Hoffman, and Bernstein are working on projects in the area as well, but I do think in the next two years we will start to see a lot of cranes up in our section,” said Graham Brock, Project Manager at Fairfield Residential.

Brock added that while development in the area is picking up, the market will have a large influence on the final outcome of the project. “No one wants to sink each other. We all understand that a critical mass needs to be reached to support retail, we have to build to allow retail to succeed,” he said.

This critical mass will include the 12,000 s.f. of the project that are currently allotted for affordable housing, a number that may increase as current residents decide whether or not to stay in their units. Current residents can choose to be bought out by the developers, to buy a condo, or to rent an apartment at the project’s completion. The Planned Unit Development states what the values for the condo and rental options would be as a benefit to the city based on how many tenants stay in each option.

While plans are currently contingent upon the PUD and votes for the various conversions, the northern tower is tentatively scheduled to break ground later this year with completion in 2008; renovations on the southern tower are slated for summer 2008.

Monday, April 23, 2007

Boomtown Bethesda – Yet More Development

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Just when we thought there couldn’t possibly be another inch of space left for development in the Bethesda Row neighborhood, the real estate market again proves us wrong. Things are expected to get very busy and congested at the former parking lots at the corners of Woodmont and Bethesda Avenues, at the south end of the Bethesda Row shops, if two new projects become reality.

First up is a mixed-use project planned for the northeast corner of Bethesda and Woodmont (named Woodmont East - Phase II). Applications submitted by developer JBG show a 121,090-sf hotel, over 36,000 sf of retail, 78,300 of office space, and 250 apartment units (32 of which will be Moderately Priced Dwelling Units or MPDUs) in a five-story (or more) building. The Montgomery County Development Review Committee is expected to next pick up discussion of this project on May 7.

The second development is a joint public-private project between PN Hoffman/Stonebridge Associates and Montgomery County that will take up the southeast and southwest corners of Woodmont and Bethesda (Lots 31 and 31A). Pictured is an early rendering of the project looking south down Woodmont Avenue. Preliminary plans call for 250 hi-rise condominium units (some of which will be MPDUs) with pricing starting in the $600,000 range, plus 40,000 sf of retail. There will also be an underground parking lot to accommodate over 1,500 cars (mostly public). Woodmont Avenue is expected to be relocated and redesigned a bit, but will continue to run through this project. The development will also ensure access to the nearby Capital Crescent Trial. Groundbreaking is expected for Summer 2008, with completion in 2011.

These projects join a number of other new developments in the Bethesda Row area, including the renovated Chase (377 condo units), the Bethesda Row extension (180 rentals), 7001 Arlington Road (111 condo units), 4913-4921 Hampden Lane (60 condo units), and 4901 Hampden Lane (70 condo units).

Developers Unveil Drawings for Old Convention Center Site

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Last November, the Deputy Mayor's Office of Planning and Economic Development, after months of community input, approved the master plan submitted by developers Archstone-Smith and Hines for the $650 million complex planned for the 10 acres comprising the site of the former Washington Convention Center, bounded by 11th Street to the west, New York Avenue to the north, 9th Street to the east, and H Street to the south. Last week, the developers finally unveiled their vision at a public meeting at the Carnegie Library for the three main components of this project, which will contain 686 residential units (condos and apartments), 415,000 sf of office space, and 280,000 sf of retail. (In addition, over 100,000 sf of land is being reserved for a possible new DC library.) The designs, by London-based Foster and Partners and also Shalom Baranes Associates, reportedly show the condo complex with a floor-to-ceiling glass curtain allowing maximum sunlight, while the office and apartment structures will feature more traditional features and lines. To gather comments from the community on these new renderings, the developers will shortly post them to http://oldconventioncenter.com and they hope to receive final city approval by the end of May.

The Old Convention Center project is expected to break ground in 2008, with completion in 2011. It will also contain 1,700 underground parking spots and a public plaza, plus feature the reconnecting of both 10th Street and I Street through the site. The project is anticipated to generate over 7,000 construction-period jobs and 5,217 permanent jobs, plus $30 million a year in new tax revenues.

Saturday, April 21, 2007

Beating Swords into Condos

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It may be an ironic time for a peace dividend, but the conversion of the Navy Yard into a downtown destination is starting to take shape - condos of course, not plowshares. PN Hoffman is leading the conversion with a 250-unit condominium project in the Navy Yard, or rather, Southeast Federal Center (pictured), beginning next Spring. The former naval gun factory will metamorphose into one of the coolest projects in DC, according to the developer, which intends to fully renovate the interior space, leaving the existing shell and giant six-story atrium - to become the amenities center, encircled by the residences. There will be "nothing like this" in the District or its environs, according to Dave DeSantis of PN Hoffman. Certainly its location one block from the water will be unique to DC's condo buyers. Architects SK&I are working on the plans for the site, which also sits next to the new DOT headquarters, but too far from the stadium for any random fly balls.

Washington DC real estate development news

Friday, April 20, 2007

JPI’s 909 New Jersey Avenue SE Project

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Adding to their share of the Southeast ballpark development, developer JPI is planning a 14,000 s.f., 13-story residential and retail project at 909 New Jersey Avenue SE. Just blocks from the company’s 70 and 100 I Street apartment buildings, the new 247-unit tower, designed by the Preston Partnerships, will include an arched class turret that will be up-lit at night creating a light in the sky to be seen by crowds as they exit the nearby Navy Yard metro station.

According to Aaron Liebert, the Area Managing Partner for JPI, “As you exit the metro, you will be able to see the Capitol and the dramatic building.” The interior will feature a “transitional concept” mixing modern finishes and design with warm colors and furnishings.

The project, which will break ground in May, will include 6,000 s.f.ground floor retail and restaurants, and is slated for completion in Summer 2009.

"Hill East" Project Moves Forward

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DC and Anacostia Waterfront Corp. (AWC) officials are making plans for an official "kick-off" ceremony on Tuesday, April 24, for the $1.3 billion "Hill East" waterfront development, a new, mixed use project at the long-neglected and vacant Reservation 13 site along the western shore of the Anacostia River. The 60-acre plot, located to the south of RFK Stadium, now contains the DC General Hospital and DC Jail campuses. According to the Hill East Master Plan, approved by DC in 2003, this project will transform the area into a mixed-use neighborhood featuring "tree-lined streets, recreational trails, an attractive monument circle, a beautified Metro station, new 'green roof' construction, and the extension of Massachusetts Avenue all the way to the waterfront." In all, almost 800 new housing units and 35,000 sf of retail space are expected as part of this development.

The Hill East project gained traction last year, when Congress agreed to give the District management and control over Reservation 13 (as well as other land, including the McMillan Reservoir sand filtration site), with the stipulation that 12 acres be turned back over to the Federal government for a congressional mail sorting facility. Final and formal transfer of this land is still to occur. In the meantime, city officials are moving forward with preliminary work, such as demolition and environmental clean-up. Developers are expected to begin work on the south part of the site by demolishing the old DC Department of Human Services psychiatric facility. The north site work will come next, including preparation for construction of the new National Capital Medical Center. The full development of all 67 acres of the Hill East project is expected to be completed in 2015.

Thursday, April 19, 2007

Florida Avenue Market Redevelopment – What’s Next?

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Last we looked in on the Florida Avenue Market and the controversial plan to redevelop this historic area into a $1 billion “new town” of condominiums, retail shops, a hotel, and offices, the DC Council had approved legislation that would create a public-private partnership between DC and New Town Development LLC to handle and oversee the project. Now comes word that the DC Office of Planning will hold a public meeting on Tuesday April 24th to gauge community reaction to and gather input on the development. The Office of Planning is conducting an economic, and operational study of residents, business owners within the market, and stakeholders around the Market.

According to Jeff Davis, Ward 6 Neighborhood Planner, the next landmark for the development is a meeting on May 30th to examine various alternatives to the project. The Office of Planning is in the process of preparing a report that examines the fiscal impact of the proposed plan, identifies the best uses of the space, and analyzes what the proposed project would bring to the area in terms of jobs and “unique services” preserved. The report will be completed in June at which time several sets of alternatives and their consequences will be compared with the current proposal.

The public meeting will be held in Gallaudet University’s Foster Auditorium at 800 Florida Ave, NE. There will be two presentations of the same information, at 3:30 and 6:00 pm.

The 24-acre Florida Avenue Market is located to the northwest of Gallaudet University between New York and Florida Avenues NE, just blocks from the New York Avenue Metro station. The planned "Gateway Market and Residences" project would put condominiums, retail shops, a hotel, and offices in this location. Up to 40% of the planned 1,700 residential units would be made affordable and available to DC employees, while the remaining 60% will be set aside for DC residents who are first-time buyers. In addition, the developer plans to build a 570,000-sf wholesale distribution space (with hope of luring back displaced vendors who now operate out of the market), plus almost 330,000 sf of retail, restaurant, and merchandising space. Also envisioned is a YMCA building, a health clinic, and library.

Monday, April 16, 2007

School's Out, Condos and Townhouses in at Wormley Row

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Sales have begun for Wormley Row, the complete renovation and conversion of Georgetown's Wormley School into seven condominiums. After closing in 1994, the building remained empty until Bethesda-based Encore Development purchased it from Georgetown University for $8.3 million in 2005. Designed by Georgetown-based Cunningham and Quill Architects, the project will include seven condominiums within the brick schoolhouse and six townhouses that will replace the former parking lot and playground.

Located between 34th and 33rd Streets on Prospect Street, the project's address in Georgetown's Historic District meant strict building and zoning requirements. Demolition of the building was not permitted, thus assuring its schoolhouse appearance, however an underground floor has been added. The demolition and restoration of the interior of the schoolhouse is currently underway as is the restoration of the exterior brickwork.

Acknowledging the challenge of finding parking in Georgetown, Gary Kirstein, Principle at Encore said, "We decided to build a garage to put townhouses on, it seemed like a good recipe here." Excavation for the garage has begun; at the project's completion, a driveway between the school and townhouses will lead to the garage, which will include spaces for all residents. Delivery of both the condominiums and townhouses is slated for late 2009.
 

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