Tuesday, May 27, 2008
Hill East: Douglas Takes Down the Colonel
Labels: Douglas Development, GTM Architects, Hill East
Brookland/CUA Metro Station
Labels: Brookland, Catholic University, Douglas Development
While a final group of developers for has not yet been determined, Catholic University will be involved in the process, and WMATA will select a developer for the land included in their metro station. There is also speculation that Douglas Development will be involved. CUA, WMATA, and Douglas Development are the primary land owners and the organizations that worked with the city on the Small Area Plan.
Plans at this point remain in flux, but the OP is releasing first drafts of what the public can expect. “Our next step is the final draft. We have an outline based on community input, developers can follow it, but they don’t have to. They can develop the land by right based on zoning or submit a PUD,” said Deborah Crain, Ward 5 Planner.
According to the Executive Summary recently released, “The overall concept for the Brookland/ CUA Metro Station Area Plan proposes a neighborhood civic core and arts infrastructure surrounded by transit-oriented mixed-use development at the Metro Station, along Monroe Street, in areas along the railroad tracks north and south of the Metro Station, along a strengthened and revitalized 12th Street, Brookland’s historic Main Street.”
The plans break the area into five subdivided zones, each with its own development agenda. Below are the five areas being developed:
The Metro Station: The plan envisions a transit-oriented mixed-use development at the metro station, with 200 to 250 residential units, 30-35,000 s.f. of retail or residential space, over 200 below-grade parking spaces, and six-story buildings. This area, which is about 4-acres, will include the extension of Otis, Newton, and 9th Streets, a Kiss and Ride with short-term parking along 9th and Newton Streets, and single family residential space along 10th Street. Metro station entries would be relocated along Newton Street and public spaces for community gatherings and farmers’ markets would also be included.
Monroe Street would be featured as a “tree-lined urban street with retail, residential, and cultural uses connecting Brookland from east to west.” There would be over 700 residential units, over 80,000 s.f. of retail, restaurant, and cultural space, 650-850 below-grade parking spaces, and green space at the historic Brooks Mansion. CUA recently selected Abdo Development to develop their 9-acre South Campus on either side of Monroe Street between Michigan Avenue and the Metro. According to Toby Millman at Abdo, they are starting the PUD process.
12th Street would be revitalized as a Historic Main Street with retail, residential, and office space, and improved connectivity to the metro station along Monroe and Newton Streets. There would also be infill opportunities between Monroe and Randolph Streets, and South of Monroe Street.
The Commercial Area North of the Metro Station was outlined as a new residential and office area including 400-500 residential units in the form of condominiums, apartments, and townhouses. Neighbors would like to see 20,000 s.f. of office space and over 200 below-grade parking spaces.
The Commercial Area South of the Metro Station would include 150-200 residential units mixed with cultural uses and only 75-100 below-grade parking spaces. The Metropolitan Branch Trail would be integrated along 8th Street.
Friday, May 23, 2008
Georgia Ave. Development Takes Hold! (Sort of)
Labels: Domus Realty, Donatelli, EDG Architects, Frank Schlesinger, Georgia Avenue, jair lynch, Torti Gallas
Park Place - Donatelli Development's mixed-use project above the Petworth Metro station, has topped out, reaching its full height at seven stories. Donatelli, along with partners Gragg & Associates, Canyon Capital Realty Advisors and Earvin 'Magic' Johnson, was awarded development rights to the lot through a competitive process in 2004. 20% of the condos are mandated as "affordable." Like Highland Park apartments and Kenyon Square condos, Donatelli's projects that redefined the center of Columbia Heights, the condos were designed by Torti Gallas & Partners of Silver Spring, with sales by Washington DC-based Domus Realty. Construction is expected to complete early next year. Okay, so the topping out isn't a major news event, but at least construction hasn't stopped.
3912 Georgia Avenue - The mayor announced yesterday that a court had given clear title to the District, which will transfer the property to the Jair Lynch Development Partners. If the property sounds familiar, it may be due to frequent mention by this blog. The 130-unit apartment building, two blocks north of the Metro station, was awarded to JLC and development partner AHD Inc. (Affordable Housing Developer) by the National Capitol Revitalization Corporation (NCRC), before that organization was disbanded by the current administration. The $38 million project is being designed by EDG Architects and Frank Schlesinger Associates and will be built by Meridian Construction. Jair Lynch will provide 40% of the rental units at subsidized rates, and add 24,000 s.f. of retail space. NCRC gave Jair Lynch the land back in 2006, but it turns out that the city did not have clear title to the land.
Despite the Mayor's announcement, other issues remain, and the developer is not giving any timelines on construction yet. According to Tania Jackson of JL, clearing title was "a huge hurdle, but there are so many things that still need to happen." For one, because Mandatory Inclusionary Zoning (MIZ) - which JL supported - has not been enacted, JL must go through a 'mini-PUD' to get the density they require. The developer hopes to get the PUD done by June. (In better news for JL, they did just open sales at the Solea in Columbia Heights)
Finally, the District has just announced that it has acquired a long-vacant residential building at 6425 14th St. NW, just off Georgia Avenue. The building was referred to the Department of Consumer and Regulatory Affairs' special unit, the (somewhat Stalinist-sounding) Board for the Condemnation of Insanitary Buildings. The Tewkesbury, a 26-unit building in Brightwood, will be offered to developers for renovation, but no timelines are being offered at this time.
Thursday, May 22, 2008
Todd Place Condos
SPONSORED ANNOUNCEMENT
Todd Place - new condominium homes from $236,000 near the Rhode Island Avenue Metro. Todd Place is the total renovation of 3 separate apartment buildings, 302-310 Todd Place, into 12 condos, each with two bedrooms, deep walk in closets in each bedroom, vaulted ceilings, and beautifully finished interiors.
Located in the Eckington neighborhood of DC, within walking distance of the Rhode Island Ave Metro station and NoMa Metro stations, in DC's booming NoMa area, the fastest growing commercial real estate sector in the District. Off-street parking available for each unit. Interior finishes include solid bamboo floors, generously sized granite counters in the kitchen and bath, skylights on the upper floors, ceiling fans, walk-in closets in both bedrooms, and private security systems. Developed by Lindsay Development & Hillsborough Investments. Newly reduced prices range from $236,000 to $265,000. Marketing and sales by DCRE.
Washington DC retail and real estate news
Wednesday, May 21, 2008
MBT Bike Trail Construction to Resume
Labels: CSX, Eckington, Metropolitan Branch Trail, NoMa, Washington Area Bicyclists Association
The MBT began as a concept in the early '90's, several segments have already been built. When completed, the MBT and its contributing paths are envisioned to run from the Mall to Silver Spring, northwest into Bethesda, where it will connect to the already completed Capital Crescent Trail. The MBT portion will later add a spur from the Ft. Totten Metro to West Hyattsville. The section of the trail announced today will connect the recently completed New York Avenue Metro station on NoMa's north end, running over Florida Avenue, under New York Avenue, and over Rhode Island Avenue at the Metro station, where the trail will take the form of roadside bike lanes until it reaches the Brookland-Catholic University Metro.
Officials involved with the project project that design work will begin immediately, with construction to start hopefully by year end. With this latest acquisition, the MBT still has numerous issues to work through at the Ft. Totten Metro station, including a land acquisition from WMATA.
Eric Gilliland, Executive Director of Washington Area Bicyclists Association, which has worked with the District in support of the trail, extolled the virtues for both bikers and Metro riders, projecting that the newest leg will increase access to the New York Avenue Metro - a station that is currently cut off by Florida and New York Avenues, an interchange Gilliland called "really terrible for pedestrians." Gilliland predicted that connecting remaining pieces within the District would take and additional two and a half to three years, but that the Silver Spring to Bethesda section was waiting on plans for the Purple Line.
DDOT will be in charge of construction. To date most of the costs have been paid for with federal dollars, though the project will undoubtedly be a boon for a few neighborhoods like Eckington that will be suddenly be connected along the the railroad tracks that once condemned them to relative isolation.
Tuesday, May 20, 2008
Bethesda Condos Nixed by Developer
Labels: Bethesda, Shalom Baranes Architects, Triumph Development
The project profile read, "while the residential real estate market as a whole is a bit challenging right now, we are still extremely excited about this project . . . the design and the location are that good." Apparently not quite.
But an email today from Triumph's Development Director, Michael O'Connor, to those who had expressed interest in the real estate project read, "Triumph has made the decision not to pursue our condominium project at Hampden Lane and Woodmont Avenue in Bethesda. The four-plus years that Montgomery County approvals have taken combined with the slumping residential real estate market have finally taken their toll."
Totalling about 95,000 s.f. of development, the project was to offer units ranging in size from one to four bedrooms, and was designed by Shalom Baranes Associates. Situated ideally between Woodmont Row and the Bethesda Metro, Hampden Lane had been recognized by the Washington Smart Growth Alliance.
Greyhound Bus Pulling Out of NoMa
“The property is on the market, Greyhound is interested in selling and consolidating to Union Station,” said Elizabeth Price, President of the NoMa BID. “I think it’s a great thing, it makes sense to leverage a great public transportation hub like Union Station and make it truly multi-modal. It also opens prime site on First Street for development that’s more consist with what is coming to the neighborhood.” The site takes up most of the block that borders L Street, and which is bisected by the railroad lines.
Price said sale of the property was “bound to happen.” She said other community leaders and developers would be pleased to have the site move towards re-development and join the surrounding flurry of retail, residential and mixed-use construction projects.
Greyhound, however, maintains that we should not get our hopes up. Spokesman Eric Wesley wouldn’t give a timeline or any details about how it would merge into Union Station, and maintained that nothing has been finalized.
“There have been no final agreements. We are still in talks with Union Station, but we don’t want to say that’s what we will do. We’ve had talks for 20 years. It’s hard to say which way the talks will go. There is no timeline,” Wesley said. Greyhound is currently the largest inter-city bus service in the country.
Friday, May 16, 2008
Bowen YMCA Update
Labels: 14th Street, Dorsky Hodgson and Partners, Helmuth Obata and Kassabaum (HOK), Perseus Realty LLC, U Street
According to Perseus, legislation was passed to close part of the alley between the townhouses and the existing YMCA, and Perseus has already received HPRB approval. The facades of the townhouses and the front forty feet of each structure will be preserved as historic structures.
“We are filing for certain permits, which takes a while and we are in the final stages of working drawings, so we’re positioning it to get started,” said Robert Cohen, President of Perseus Realty, LLC.
The project was designed by Hellmuth, Obata, & Kassabaum and Dorsky Hodgson & Partners, the developers have also hired Bozzuto to oversee leasing and management of the residential component.
NoMa East: Progress Waits
Labels: Burnham Place, Douglas Development, Greenbaum Rose, NoMa, Union Place, Wilkes
According to Sandy Wilkes, Chairman of the Wilkes Company, "We are still in a planning phase and we're trying to understand exactly what the opportunity is in that place and what zoning strategies we might deploy to bring this about. It is still early for us, our general instinct is that there is going to be a natural tendency for NoMa to develop more actively on west side. We have the luxury of being patient on the east side, but our sense is that while Constitution Square and other projects are underway, the real time for us is in a two to three year time frame. We are constantly thinking about fine-tuning and timing. We are going to let our friends and colleagues on the west side lead the way and then get way more focused in 24 -36 months." Also facing each other, at least someday, at 3rd and K Streets, NE, will be Greenbaum and Rose's Capitol Cab property and Cohen Companies' Union Place, planned as part of the NoMa development surge. And while the G 'N R site sits indefinitely, Union Place at least is forging ahead.
The Loree Grand will include 212 apartments in a ten-story building, some of which will be workforce housing; eleven percent will be "affordable." In addition to the residential components, this phase will include an interior public courtyard, 4,000 s.f. of retail space, one underground parking space per resident, and a “green” roof.
The residential floor plans of the first phase will range from junior one-bedroom units starting at 516 s.f. to 1,400-s.f. apartments with two bedroom and a den. Phase two will rise 14 stories and deliver over 400 residential units, though the inevitable rental vs. condo debate has not yet been settled. Developers are already planning to install wide sidewalks to create a "boulevard effect." Meanwhile, Greenebaum and Rose is waiting on a sunnier economy. For Greenebaum and Rose, instead of the traditional “go rental” approach to the less-than-stellar market, the developers' project on the former Capitol Cab property is on hold. The developers bought the land at market price in 2003 after winning a legal battle over a competing developer that sought to buy the cab company’s debt, pay $50,000 for the land, and have the right to foreclose on the cab company’s owners’ homes.Greenebaum and Rose’s current plan will cost over $20 million and include a six story, 92,800-s.f. residential building designed by Davis Carter Scott. It will have 112 condominium units and underground parking. Someday. “Nothing has been built,” said Greenebaum and Rose partner, Sam Rose. “For now, it’s a piece of land with a permit. We’re not starting until the world looks prettier.”
Noma BID Director Price said their property will only become more valuable as the neighborhood continues to evolve. “Long standing parcels are going up in market value; Greyhound announced that they would sell, and that was one of last pieces of puzzle, whether Greenebaum and Rose would sell, I don’t know. They’ve been around longer than anybody and we owe a lot to them to committing to building First Street. The developers’ options are wide open," she said.
Square 54 Breaks Ground
Labels: Boston Properties, Foggy Bottom, George Washington University, Jack Evans, Pelli Clarke Pelli Architects, Sasaki and Associates, Smart Growth Alliance
Thursday, May 15, 2008
Wheaton Metro Projects
Labels: Bonstra Haresign Architects, Bozzuto, Georgia Avenue, Silver Spring, Spaulding and Slye Investments, Torti Gallas, Wheaton
Construction is well underway for Bozzuto Development and Torti Gallas and Partners' mixed-use project at the Red Line’s Wheaton Metro station. Located at 11175 Georgia Avenue in Maryland, Metro Pointe will include 2,000 s.f. of ground retail below 173 rental apartments which will be a mixture of lofts and single story units. Residents will have traditional amenities such as a business center, courtyard terraces, and a walking park, and less traditional features like direct elevator access to the Metro, an uncommon convenience in DC.
“It will be five buildings connected together, the main building on Georgia and Reedie Drive is brick with Hardipanel…When you get to Amherst drive it turns into townhouses,” said Project Manager Mark Weisner at Bozzuto. He added that Fed Ex Kinkos and a small convenience store will occupy the retail space.
While the Georgia Avenue project is underway and scheduled for completion in the third quarter of this year, Bozzuto’s other - more ambitious -project with Spaulding & Slye Investments, is still being conceived, it may soon take shape down the street where Georgia Avenue and Veirs Mill Road intersect.
Still in the planning and documentation stage, the Metro Plaza at Wheaton Square on Georgia Avenue may begin construction in the second half of next year; the mixed-use project will include over 400,000 s.f. of Class A office space, street-level retail, residential units planned as apartments, a Metro bus terminal, and parking for 500 cars. Planned at the intersection of Reedie Drive, and Veirs Mill, the project's backers expect the development to redefine Weaton's 'city center'.
The project is still not much more than a rendering (see above) - a representative at the company jokingly asked DCMud to tell them what was happening at the site - Bonstra Haresign Architects’ website says the project will have “an 11-story, 300,000 square foot commercial tower, a 10-story, 130,000 square foot residential building, 10,000 square feet of ground floor retail along Georgia Avenue, and 5 levels of above-grade structured parking.”
The project will have access to the Metro tunnel under Georgia Avenue on the north side of the site and to a pedestrian bridge at the west side of the site.
As Bill Bonstra said to DCMud in January, “Georgia Avenue is an unbelievable mix of land use... And the Wheaton area is coming in right on the coattails of the revitalization of Silver Spring. It was only a matter of time for development to move north as it had done from the west.” How much time, we just can't say.
Wheaton Maryland real estate development news
Wednesday, May 14, 2008
Hill East - Another Day, Another Waterfront Initiative
Labels: Anacostia River, Hill East, Mayor Adrian Fenty, Southeast, Tommy Wells
The Hill East site, which is two and a half times bigger than the development at the old convention center, is intended to be a low-impact, LEED certified mixed-use development. The project will include residential, retail, and office components and will extend Massachusetts Avenue and other streets within the site to tie the new neighborhood into the existing community; including, apparently, the correctional facility, which will remain on site. Councilmember Tommy Wells, D-Ward 6, said the District envisions some sort of “health plex”, which could range from doctors’ offices to a specialized treatment facility, but that the decision is a long way off.
“It will be a truly mixed-use project,” said Deputy Mayor Neil Albert. “There is a great need for affordable housing in the District. There is a need for a health-plex, and because there are two metro stops [DCmud is still trying to locate the 2nd one], it will be good for office space, maybe some offices that are being forced out of the downtown area because of increasing lease prices,” he said.
“The more we bring to the waterfront, the more time people will want to spend there. We already have a bike path underway. We need to embrace the river as a community asset,” said Wells. Both Wells and Fenty pointed out the need to reduce the pollution in the river and to work with Maryland, the state through which the majority of the river runs. They both said part of the project’s goal is to make the river suitable for canoing and even swimming (cringe).
The site is bounded by 19th street, Independence Avenue, the Anacostia River, and the Historic Congressional Cemetery. The entire site is 67 acres, but development will take place on only 50 of those. The land, known as Reservation 13, is technically owned by the General Service Administration, but was given to the District under the 2006 Federal and District of Columbia Government Real Property Act of 2006, a “Transfer Act”. As DCmud reported in April of last year, 12 acres of the property were to be given back to the Federal government for a congressional mail facility. According to Fenty, the District is now looking for an alternative site for this facility and it will not be part of the Hill East development.
Tuesday, May 13, 2008
Dunbar Place on North Capitol
Labels: DC Real Estate, NoMa, Thoron Development
Thoron founder Robert Taylor describes Dunbar Place as a five-story, 29-unit condominium project that will include a deck of underground parking, ground-level green space, and a rooftop deck. Having completed the design phase of Dunbar Place with PGN Architects, Thoron now moves into the permit process, after which it will begin construction, with completion by the end of 2009. Taylor hopes that Dunbar Place and Mews will augment the blossoming NoMa neighborhood and notes that neighbors and the local ANC feel likewise.
Dunbar Place used to be Dunbar Towers, but Thoron recently dropped the name. As Taylor notes, “It didn’t really look like a tower.” Dunbar Mews, around the corner on O Street, is another Thoron project, this one an eight-unit renovation. Thoron recently completed Parkview Condos, a 24-unit renovation of a historic building at 610 Irving St., NW.
Just a few blocks north of the new project, at 1600 North Capitol, sits a lot with plans for a 40-unit building, where progress on and interest in the development is hard to detect, while just a few blocks south lies Northwest One and all of Noma, where progress is significantly easier to detect. Let's hope the activity to the south is a better indicator of success.
Monday, May 12, 2008
Howard Issues RFP for Bond Bread Building
The project is the site of the Bond Bread Building, a property long contested by its one-time tenant, which lost a legal battle for control of the land. According to the RFP, the development "must include rental apartments, retail (including grocery store) and parking," and is strongly suggested to be LEED certified. Though the site has a maximum floor area ratio (or FAR, which limits the amount of floor space in relation to the size of the lot it is built upon) of 6.0 and a height of 90 feet, but also falls within the districts "Duke plan" (for developing Shaw and U Street), which encourages greater height and FAR allowances. The project is expected to have 300 rental units that will comply with D.C.'s formula for market rate and affordable housing. A mandatory pre-bid conference will be held at Howard on May 15th to discuss the project, the terms of which require that the real estate developer enter into a long-term ground lease with the University and undertake all development obligations. Bids are due by June 10.
DC Announces New Convention Center Site Agreement
Labels: Archstone, Chinatown, Convention Center, Hines, Jack Evans, Mayor Adrian Fenty
(Dcmud's information on "Parcel B" is too new to have renderings - the rendering shown is of the southern parcel.)
Standing in a corner of the current Convention Center, overlooking the site of the old one, Fenty said the District reached a deal with developers Hines Archstone to lease the site for 99 years. The District had previously cemented a deal with Hines Archstone for the southern half of the site - a project estimated at $850 million that will add 350,000 s.f. of retail space, over 670 apartment and condominiums with at least 134 affordable units, and 465,000 s.f. of office space between New York Avenue, 11th, H, and 9th Streets NW.
“The one thing the District is missing that so many other large cities have is a bustling area where people come after work to shop or eat or to hang out, a city center.” Fenty said. In addition to the office, retail, and residential space, the project will include an additional 1.5 acres of public open space. There will be a park in the northwest corner as well as a central plaza between the residential buildings on the corner of 9th and H streets.
The “B parcel", bound by New York, 9th, and what will be 10th Street, was originally considered as a potential site for a museum or library in order to attract more families. Today, however, Fenty said that while the District is still “working aggressively” with the Library Board, there is a significant amount of programming under the current plan to attract DC residents to the site."
As the master developer, Hines Archstone had the first right of refusal to lease the B parcel from the District if the city chose not to locate a library on the site.
“This area is surrounded by museums; the Newseum just opened a few blocks away, the Portrait Gallery, the Spy Museum…we want this place to provide a social atmosphere outside their homes where residents can come and sit without having to sit at a café or pay to eat or drink,” Fenty said.
Kingdon Gould III acquired a parcel on the Northeast corner of the site - the last site to reveal development plans - in a land swap that the city conducted to facilitate construction of the Marriott next to the new Convention Center. The Parking Management, Inc. president has his own plan for the site, but it must be "consistent with the entire site's master plan."
While retailers have not yet been announced, the developer has committed to devoting thirty percent of retail space to merchants with six or fewer stores in the United States, but will focus on a wide range of grocery stores, restaurants, fashion stores, and entertainment or performance venues. There are also plans for one larger retailer like Nordstroms or Macy’s; Fenty and the development teams will be meeting with companies in the coming weeks, but a final announcement is not likely for about six months.
The project will generate 3,000 development-related jobs and 2,500 direct permanent jobs. It will also generate a projected $32 million a year in annual direct tax revenues. According to developers, the District will receive more than $200 million in consideration for the land as part of the land lease including a minimum of $28.5 million in lease payments, $55 million to provide affordable housing on site, and $48 million in payments for new infrastructure. Two new streets, I and 10th, will be constructed through the site.
When asked about the likelihood of delivering the project in a timely manner given the not-so-exuberant state of the economy, Councilmember Jack Evans, D-Ward 2, said the District has not been affected by the economy and that this project’s success would be no different than that of other D.C. projects like the Nationals Stadium.
“The Southwest waterfront looks pretty good. Poplar Point is off in the distance, but Clark, the main developer hasn’t had problems getting the money they need. There is such a strong interest in the development of the District that as long as that interest remains, these projects will stay on schedule,” Evans said.
The first phase of the project, which includes the office, apartments, and condominiums, will begin in the second quarter of 2009, while the entire project will be completed by the end of 2011.
Evans added that this summer the city is planning to set up a large screen in the parking lot on-site to continually broadcast the Olympic Games. He said the city’s goal is to use the backdrop of the Chinatown arch to attract families and residents to the area.
“This is the most exciting property on the East Coast,” he said.
Friday, May 09, 2008
Slow and Steady for Rhode Island Station
Labels: A and R Development, Mid-City Urban, Rhode Island Ave., WMATA
Construction will begin in July for Rhode Island Station, a 370,000 s.f. mixed-use development planned for the current Rhode Island Avenue Metro Station. The project, by Rhode Island Avenue Metro, LLC - a partnership of Mid-City Urban LLC and A&R Development - formerly known as Brentwood Town Center, won final zoning approval in April 2007, but will not finally close and begin construction until July.
Rhode Island Station will include a series of four-story buildings with three floors of residential rental apartments above one, ground floor of retail. At its completion, the project will have 274 rental apartments and 70,000 s.f. of retail space in what is now the Metro station’s parking lot.
As DCmud reported in June of last year, the developers have launched retail-leasing efforts, but have not yet announced final tenants.
“We really spent the last year permitting and finalizing. There were two approval processes to go through because it was a joint development with Metro, so it did take a bit longer,” said Caroline Kenney, a development associate for Mid-City Urban, LLC.
She added that commuters will not be inconvenienced by the construction as protected sidewalks will keep the Metro station fully accessible.
“We are currently focusing on getting to the construction,” Kenney said. “We want to give it a vibrant feel, but be pedestrian-oriented and friendly. We want it to blend into the surrounding area.”
That may be a challenge given the somewhat decrepit buildings across from the current Metro driveway. A February 2008 Ward 5 Development Report based on records from the Councilmember’s office did show eight projects within a mile of the station, including Macy Development’s Basilica Lofts, and Menkiti Group Development’s Illora Condos, but most of the new buildings are or will be on the other side of the tracks, behind the station. Given the nature of DC’s development, however, the rest of Rhode Island Ave. probably won’t be far behind.
Upon completion in July 2010, Metro users, shoppers, and residents will also have access to 400 parking spaces in the parking garage planned for the project.
Thursday, May 08, 2008
Howard Town Center to Finally Take Place of Bond Bread Building
Labels: Howard Town Center, Trammell Crow Companies
This exchange means Howard will receive the former Bond Bread Building at 2146 Georgia Avenue, NW. The lot provides redevelopment space for the long-planned Howard Town Center: 300+ residence units, 70,000+ s.f. of commercial property, a supermarket, and parking. The District will receive in exchange, the site at Florida and Sherman Avenues, and will solicit bids for a mixed-use project to include at least 300 housing units (30 percent affordable). Both Howard University and the District have wanted to complete this seemingly simple exchange but had been foiled by a legal conundrum dating back to Mayor Washington's promise to the Peoples Involvement Corporation (PIC), a 30-year tenant in the Bond Bread Building.
PIC, a federally funded nonprofit focused on community development, was founded in 1968, the year after DC Mayor-Commissioner Walter Washington took office. Washington, who became the first Mayor of the District under home rule, supported PIC, and verbally promised the organization that if it retained tenancy for two decades and made improvements to the property, the District would turn over its ownership of the Bond Bread Building. But, as any first year law student will attest, exchanges of lands do not meet the Statute of Frauds if not in writing.
In relying on the District's promise, PIC renovated the crusty digs, somewhat, and occupied the building for the requisite term. When the District announced its intention to swap the Bond Bread Building with a property belonging to Howard University, the PIC learned that it risked losing what it had seen as a multi-decade investment. The organization sought and received from Mayor Washington a written statement from the former mayor confirming his verbal promise to give away the site. In 2003, to protect its interests, PIC filed a lawsuit with the D.C. Superior Court against the District.
If PIC won its suit, Howard University stood to lose its planned project. The university had already hired Trammell Crow Company’s subsidiary, High Street Residential, and alumna Michelle Hagans to develop the property. The Howard Town Center project had received press coverage from the Washington Business Journal and other local publications as part of its plan to transform the neighborhoods surrounding the university. But Hagans, High Street, the architects, the construction firm, and planned lessees such as Fresh Grocer were now all put on indefinite (or potentially permanent) hold as they waited for the Bread Building dispute to rise.
And rise it did, doubling in size; the District decide to instigate its own suit, and it sued PIC to establish itself as the rightful owner of the property. Legally, Washington’s verbal property promise did not pass muster with the courts. In what would make a picture-perfect law school exam over tenancy rights and verbal promises for land subsequently written, PIC lost both cases, concluding that a Mayor's verbal promises could not be relied upon (duh).
In 2006, the D.C. Council considered the issue, first in a bill sponsored by Councilmember Jack Evans that would have halted the swap, but finally approving the exchange of the Bond Bread Building with Howard University’s 63,400-s.f. property at Sherman and Florida Avenues.
As DCMud reported in June 2007, legislation sponsored by D.C. Councilmember Jim Graham was supposed to get Town Center construction moving that year, with possible completion projected for 2010. Now, almost halfway through 2008, it looks like Howard Town Center may soon get out of its jam and into the Bread Building. The Mayor has said he intends to issue the solicitation for a development partner later this year.
Wednesday, May 07, 2008
Takoma Park Condos Go Rental
According to the developer, the lack of financing for a new condominium building became the insurmountable hurdle in the development process, requiring a new financing agreement that precluded condo sales. Domus Realty had presold 35 of the 85 units as of last fall, when the sales center closed. "I'm really excited that the project is still moving forward despite the turmoil in the markets." said Sas Gharai, the architect and developer of the project. But Gharai also suggested that with the dwindling condo construction the decision may not be irreversible, "At some point, we may re-evaluate when the market changes."
Ecco Park is designed to include 6,500 s.f. of retail, and at one time was mentioning a Trader Joe's Express as a possible tenant. It would also feature underground parking, and patios or balconies for most of the units. Prices started at $180k for a studio and in the high $200k's for a one-bedroom, and at $495k for a two-bedroom. SGA recently completed and is selling the last few units at the Butterfield House on Capitol Hill.