Monday, June 22, 2009
Canal Parc Seeks PUD Approval in July
Labels: Athena Group, Lessard Group, new homes, palisades, Willco Residential
Long viewed as undesirable element in the affluent community (the hospital last made the news when it was faulted with abuse of a minor in 2007), the development team is hoping to demolish the site and start anew with Canal Parc - 37 brick townhomes, developed via the LEED Neighborhood Development program, to replace the long-term care facility. Little, though, has been heard of the project since a raze application for the hospital was filed last August and Willco Residential President, Gary S. Cohen tells DCmud that his team is still in the midst of negotiating the planned unit development process with city authorities.
“[Right now], we’re trying to get the PUD. When we get the PUD, we’ll move ahead. Right now, we’re still working on the entitlements,” he said. “There’s been action, but the Zoning Commission hasn’t voted on it yet…We’re hoping that at the hearing in July they’ll take the vote. We’ve also been working with the neighborhood and trying to resolve some issues.”
The Office of Planning threw their support behind the project in November 2008, but stopped short of a full-on approval of the site plan due to in-progress talks with the DC Fire and Emergency Medical Department about a turn-around area within the development. Additional issues, mostly stemming from the economy, have kept Canal Parc from heading down the fast track, but Cohen is confident that once the project’s finer details are in place, the market will be receptive to a another residential project.
“I’m looking forward to getting off the ground and starting. I do think that by the time we deliver, the market will be at a better place and there won’t be as much supply because there’s not much between now and the next few years. So I think the timing could work out really well. It’s just a question of getting some the pieces that I don’t necessarily control in their proper place,” he said.
As such, a schedule for demolition and construction of the Lessard Group-designed development has yet to be set in stone, but should be much clearer following next month’s Zoning Commission hearing. “I’m hoping it’s on the sooner side,” said Cohen.
Industry Insight: Paul Robertson of Robertson Development
Labels: interview, new condos, Paul Robertson, U Street
In addition to detailing Robertson Development projects past and present, the company’s founder and president shared his thoughts on butting heads with the DC Water and Sewer Authority (WASA), divulged his newest project and revealed how his firm has just forged a new partnership that will take their work out of the for-sale market and into some surprising new arenas.
How did Robertson Development initially come together?
I started Robertson Development in August of 1999. I had been working for Sallie Mae for about 13 years prior to that, during which time I renovated some DC town homes on the side. Having lived the past 23 years in the U Street corridor, I have seen tremendous development opportunity and progress. I always loved design, real estate, and construction, and I majored in finance so it made sense to get in the business.
In doing my first full renovations, which I ended up living in, I did the plans, pulled the permits and acted as my own general contractor. I just kind of learned things on the fly. I also used to go look at a lot of open houses in the area – still do. I saw a void there and thought there were some things that I could bring the market I didn’t necessarily see.
I networked a lot and found an agent, Ken Taylor, who helped identify two large brick townhomes on the 1400 block of N Street. I ended up buying them and turning them into eight units. That was The Rocco and The Capece. I designed the majority of the floor plans and was the GC and the developer for the project. Terry Sellheim joined the team as VP of Operations and we hired construction staff. It was a tough project to build because we added a floor to the top of each one, and did massive excavation and underpinning to create basement units the full depth of the buildings. It was a very tight sight and a very, very challenging first condo project.
Can you detail some of the projects you have done?
Prior to the completion of The Rocco and Capece, I started The Highland project, which is at 1531-1535 P Street. It is three town homes that we converted into eight units…Then we did our first new construction – again, still operating as the developer and general contractor. I have a Class A general contractor’s license from Virginia – and built Woodson Row on 12th Street, just south of U St. That’s, coincidentally, another eight unit project, but was all new construction – triplexes over duplexes – which was very successful.
At the same time…we put together the two parcels for The Beauregard and bought property to build what became VISIO. The Beauregard was finished a couple of years ago. It’s a 45-unit building with underground parking. Tompkins Builders was the GC. We built VISIO and are now just finishing up MURANO, which is the sister building to VISIO.
Recently, we’ve co-developed Moderno, with Lakritz Adler Development who asked us to join the team early in the design phase. Prior to construction, we assumed the majority of responsibility for the project. My personal residence at the time - in Woodson Row, which is across the street - was used as a model to sell some of the units in pre-construction. The project is complete, and sales have gone amazingly well. Now I’m working as co-developer with Collins Lange Development on a new project called Truxton Row.
Can you tell us a bit more about Truxton Row? Will it be condos as well?
Truxton Row is a 16-unit condo project. Collins Lange asked me to participate, again, in all phases of the development and construction. The first thing was to re-work the floor plans to enhance their functionality and style, which I’m confident added significant value to every unit. The great thing about good design is that it doesn’t really cost anything. It takes effort, time, experience and imagination but the dividends are huge.
The project will be done in two phases; construction has now started on Phase 1. The project has eight town homes, 7 new and 1 renovated. Each home contains two units, most of which are duplexes with a few flats. Many are similar to units at Woodson Row. There are terraces and double-height living rooms and so forth. The exteriors will be very traditional. Despite the trend toward doing “lofts” and ulta-contemporary, the interior finishes will lean more toward a “transitional” and traditional look. It’s going to be very exciting project.
Why the attraction to traditional architecture over say, the glass and steel look that’s so prevalent these days?
We wanted to follow the look of the exteriors and to offer a more refined sophisticated look. It will be great to offer some classic, upscale finishes in new construction. Currently, almost all new construction has a very “contemporary” aesthetic, but that doesn’t appeal to all buyers.
Given that are you are a condo developer, how has the condo decline affected business? Is the DC market as insulated as public perception makes it out to be?
Well, I don’t think it’s insulated because certainly virtually all projects have seen price reductions – although Moderno has fared very well in that regard. But because of the high desirability and significant job creation of the metro area, we haven’t been hurt as badly as some other locations. Washington is still one of the best places to live.
What attracted you to condos? Have you ever considered pursuing a rental project?
Yes, but everything that I have looked at to this point, and actually embarked on, has lent itself more to condominium than it did to rental. Although rental has been hotter in the past year or two, we see small signs that potential new condo projects are becoming more viable again.
Which neighborhoods do you see as ripe for redevelopment? You’ve fared well in some emerging areas, like U Street and Logan Circle.
There’s still plenty of opportunity in the U Street and Shaw area, and certainly Columbia Heights, Brookland and Petworth – that’s where I see it going. But there’s still infill in better neighborhoods. It’s harder to find and certainly harder to find at a price that makes sense, but it’s there.
What are your thoughts on DC development process as a whole? Is there anything you’d like to see change?
I would take whatever steps necessary to significantly reduce the time it takes to get a building permit. They are making strides at DCRA, but, if I were the mayor, that would be a priority because it would really facilitate more development and therefore generate more tax revenue for the city.…Also, I would start an initiative to work the utilities – WASA, Pepco and Washington Gas – even though they’re not governmental agencies…because one still needs to get approvals from those utilities and often times that is a greater challenge than working with DCRA. People tend to focus on the DC government, but what they don’t often realize is the complexity and the time consuming nature of dealing with Pepco, WASA and Washington Gas.
What’s next for Robertson Development?
I’m in talks with a couple of developers about additional co-development projects. One is a mixed-use and the other 100% residential…Both will be in DC. We are really pleased that others seem to recognize the value we can bring to all phases of a project. Of course, we’ve made lots of mistakes, but it helps our partners because we try to help them avoid them in the future.
I should mention also that Robertson Development is branching out and starting another company called Robertson Walsh Design. I’ve partnered with an architect, Brandon Walsh, to start the company. We both love design, space planning, cool materials, et cetera. We are currently doing several projects including designing a vacation home in the mountains of West Virginia and doing a rooftop terrace for the local nightclub, Town. We’ll be launching a website announcing those projects and services very shortly.
If you had a dream project, what would it be? What would satisfy you the most in terms of future development?
I would like to do another project like The Beauregard because, although it is terrific, I have learned lessons from it and other projects that I would love to apply to another “large” building. It’s the challenge of doing something better than the last time, of continuing improvement and refinement. But what is most satisfying is hearing the positive response we get from the people who have bought homes from Robertson Development.
Washington DC commercial real estate news
Sunday, June 21, 2009
Debonair Development Coming to Woodley Park
Labels: Ashbourne Developments, HPRB, Monarc Construction, new apartments, studio 27, Woodley Park
Thursday, June 18, 2009
Shovel-Ready for 2010: CityCenter?
"We are within a year of breaking ground," said Miller. "We are continuously meeting and speaking with retailers that expressed interest."
And yet the project has missed several projected groundbreakings since the developers' first estimate of a groundbreaking by last January, and despite numerous assurances that the delay isn't affecting retail interest in CityCenter, no major retailers have been announced. The multi-phase, mixed-use development will commandeer 10-acres of vacant downtown property to eventually realize 400,000 square feet of retail space, more than a million square feet of office space, 670 residential units and a 400-room “high-end” hotel with its own 100,000 square foot retail plaza, under a 99 year lease from the city. It may sound a little on the ambitious side, but Archstone claims they have more than enough time – and resources – to see it through.
"At this point in time, we still have months to complete our construction documents and get our final permits and entitlements. We’re busy meeting with potential investors and banks that have expressed interest,” said Miller. “By year’s end, even though we’re in a challenging state with capital markets, we’ll be able to get the financing lined up and be able to break ground.”
The last time DCmud reported on the status of CityCenter last September, a Hines representative relayed that the project was “85% ready to go” and that the development team would seek a general contractor “in the next few weeks.” Though neither has yet transpired, there was recently one sign that wheels are again turning after a dour Spring; on April 28th, the development team met with potential contractors at a pre-bid "requirement conference."
The District Government swapped land in 2007 with Kingdon Gould, who gave up land on the site of the future Convention Center Marriott to get the northeast parcel of CityCenter from the District government (labeled 'District Parcel' in the rendering). Gould will be developing his land separately, but has also not committed in time or in scope, nor has the much discussed Convention Center Marriott broken ground yet.
Wednesday, June 17, 2009
Purple Line Vote Affirms Maryland "Rail on the Trail"
Labels: Bethesda, chevy chase, Coalition for Smart Growth, Metro, Prince George's County, Purple Line, Washington Area Bicyclists Association
Trail supporters lobbed various critiques at the Purple Line prior to the vote, including claims that it would make the area unsafe for schoolchildren, lead to the deforestation of Bethesda’s last remaining green space and the system will amount to little more than a “two billion dollar trolley line.” Others reasoned that the planned location of the Purple Line’s Bethesda depot at Woodmont East is too far away from the Metro, the National Institutes of Health and the soon-to-be relocated Walter Reed Army Medical Center to have any impact on traffic in the area. Anti-light rail advocates instead proffered that the NCTPB should endorse rapid bus service from Bethesda to Silver Spring as the Purple Line’s preferred mode of transport.
“Some of my constituents in Chevy Chase will advocate…bus rapid transit on Jones Bridge Road - [an alternative that] is not supported by the residents of Jones Bridge Road,” said Montgomery County Councilmember and Purple Line Now! founder, George Leventhal. “The difficulty that we have in proposing an alternative that is preferred by both counties, and that is likely to be endorsed imminently by Governor O’Malley, is that anywhere you try to move this transitway, you encounter other problems…This alternative, which is included in our master plan and has been endorsed by both counties, is indeed the right transitway for our congested, urban, inside-the-Beltway corridor.”
Leventhal went onto to point out that his county initially acquired the Capital Crescent Trail for the express purpose of having both a “recreational hiker/biker trail” and future transit line at the same site.
“There would not be a trail today had not Montgomery County, back in 1990, acquired that right-of-way for the purpose of building what is now called the Purple Line,” he said.
Though some area organizations- most notably the Bethesda Civic Coalition's Save the Trail campaign, which collected some 18,000 signatures in support of their cause – opposed the plan, the majority of testimony submitted to the NCTPB was overwhelmingly favorable. With an estimated daily ridership of between 42,000 and 46,000, many believe that the “Rail on the Trail” will provide a crucial east-west link between Montgomery and Prince George’s Counties, resulting in an economic boom for outlying communities and a more efficient Metro system. Even frequent trail users spoke out in support of the plan, illustrating just how multifaceted the Purple Line debate had become.
“The media, unfortunately, portrays the issue of the Purple Line as black and white. You either support the Capital Crescent Trail or you support the Purple Line, but not both. That’s not the case with WABA,” said the cyclist organization's Executive Director, Eric Gilliand. “When finally constructed, the Purple Line will include a direct bike-ped link with the Silver Spring Transit Center, where it will eventually link with the Metropolitan Branch Trail coming out of DC. This is a critical bike/pedestrian transit project that must move forward.”
With NCTPB approval now in hand, the Purple Line’s next stop is with Maryland governor Martin O’Malley, who is expected to endorse the light-rail option and announce a timetable for construction by year’s end. In the meantime, NIMBYs on the other side of the Potomac can get ready for another Metro-centric debate now that plans for a proposed Silver Line, running from downtown Washington to Dulles Airport, are being openly discussed.
Founders Square Readies for Demo in Ballston
Labels: Arlington, Ballston, new apartments, Paradigm Development, retail, RTKL, Shooshan Company
Tuesday, June 16, 2009
The Dirt on...14th and U
As any casual observer of the area can tell you, the post-riot 14th Street that used to host DC’s finest peep shows and open-air drug markets (RIP Shop Express) is long gone. True, there are probably a dozen dollar stores hocking Obama t-shirts and incense at any one time, but the retail scene has expanded beyond just Footlocker and tattoo artistry of Pinz-N-Needlez. While Whole Foods isn't too far way, the newly-opened boutique grocer, Yes! Organic, should satisfy the immediate needs of hummus-starved newcomers. In fact, the neighborhood today boasts DC’s most impressive array of niche-centric retail with everything from gourmet confectionery (Cake Love) to pricey custom furniture (Vastu) to comic books (Big Monkey) and hand-made jewelry (DC Stem), within walking distance of the U Street/Cardozo Metro station.
Real estate’s best bet
Two blocks north of the famed 14th and U interchange, DC's largest concentration of new condos and apartments is brewing, with more than 1000 new units of housing going up within a stone’s throw of 14th and W. Among those completed are PN Hoffman’s Union Row and Jair Lynch’s Solea condos, while Level 2’s View 14, UDR’s Nehemiah Center residential tower are under construction, and Perseus Realty’s 14W is scheduled to begin shortly. And, unlike, say, the area surrounding Nationals Park in Southeast, where neighborhood amenities are still absent after the residential building boom, U Street is already loaded with restaurants and nightlife of all stripes. And with Room & Board scheduled to open more than 30,000 s.f. of retail space next year, expect much more visibility for the neighborhood.
Eating out: it’s not just half-smokes anymore
While Taco Bell and McDonald's might be the most popular dining establishments (at least at 2 am), the inroads made by funky restaurants like Busboys and Poets, Marvin (country fried chicken and waffles--who knew?) and Tabaq have gone a long way to bringing some flavor to the neighborhood. In the past months, newly opened establishments like cajun/soul food eatery, Eatonville, and The Gibson, where mixologists design the perfect cocktail, have been abuzz in the press and are the newly-minted, go-to destinations for urbanistas city- (and suburb) wide. Even greasy spoon and DC dive landmark Ben’s Chili Bowl has moved upscale by opening a white table cloth eatery, Ben’s Next Door. After you've over-indulged, you can work it off with an Urban Funk Class at Results Gym.
Adams Morgan ain’t got nothing on U Street
While nearby Adam’s Morgan may have one thing going for it (read: boozed-up college kids), U Street’s approach to nightlife is more diversified with culture: The Lincoln Theater and Source Theater, DC's most eccentric sports bar, Nellie's, and a laundry list of music venues (The 9:30 Club, Black Cat, DC9, and the Velvet Lounge) share space next to bars that (gasp) don’t specialize in jell-o shots and specials on Miller Lite…not that there’s anything wrong with that.
Nonetheless, don't be afraid to chill out. This is a neighborhood with not one, not two, but three yoga studios after all. Santa Monica, here we come.
Monday, June 15, 2009
Architects’ Institute LEEDs the Way Downtown
Sunday, June 14, 2009
Mount Pleasant's Raven Gets Expansion, Upgrade
Labels: manna, mt. pleasant, new condos, renovation
"We're trying to make it look like the original. If you look around the Raven and the [neighboring Mount Pleasant Dry Cleaners], you can see that there are still cracks. We need a new coating that looks like original," said George Rothman, President and CEO of Manna, Inc.
Manna’s in-house development, design and construction teams worked with the Raven’s owner, Merid Admassu, for the build-out of the Antonatl Condominiums - a name invoking an El Salvadoran war hero, which you already knew. Manna resurrected the 12-unit, affordable condo out of the charred remains of 13 fire-gutted apartments above the fabled watering hole, built in 1928 and gutted by fire in 2003. Work on the Raven itself will include a 300 to 500 square foot addition to the bar’s rear, primarily for storage space. Both projects should be completed in one fell swoop.
“The [condo] construction was probably completed in December and people have been living in it…We haven’t finished the front of the building yet because we’re finding a sub-contractor to do the specialized work with those windows,” said Rothman. “Everything inside is finished and the outside, we’ll probably do that when we’re doing the addition in the rear to the Raven.”
For those fearful that their designated hangout for three dollar PBR’s might lose some of its old-school DC charm, Rothman emphasized that the bar won’t be going anywhere and should be keeping normal business hours when work gets underway in the next four to six months.
“The Raven is an institution. It will stay. That’s always been important to us” he said.
Friday, June 12, 2009
Empty DC School Demolished for Park
The 86,500 square foot building, which sits vacant at 2025 3rd Street, NW, had initially been considered as a new headquarters for the DC Department of Environment, which was quick to express its trepidation about the dearth of parking in the area. The school was definitively passed over once city officials balked at the reported $18 million worth of renovations and repairs needed to retrofit the facility (as presented here by frequent DCmud talkbacker, IMGoph, on his own Bloomingdale-centric site). So, instead of parking, the DC government has decided to go with a park.
In lieu of an agency relocation, Gage-Eckington will be razed to make way for a new public park designed by Lee + Papa and Associates. A final development scheme for the recreational area was approved at a meeting of the LeDroit Park Civic Association (LPCA) on May 26th and is set to include a dog park, a children’s garden, an environmental learning center and incorporate the already existing community garden at 3rd and V Streets, NW that adjoins the site. According to the LPCA, “Inside demolition of [the school] is scheduled to start on or about June 1. Exterior demo is expected to begin by August 1. Construction of the park is slated to begin on or about October 15.”
The LPCA had actively lobbied for the project via their "Put the Park Back in LeDroit Park" community campaign, which began shortly before Gage-Eckington Elementary closed its doors at the end of 2007-8 school year. It was a move expected to save DC Public Schools some $659,000 in “fixed costs” per year, but at the time, DCPS Chancellor Michelle Rhee and Deputy Mayor for Education Victor Reinoso said specifically of Gage-Eckington:
We intend to use buildings for the benefit of our city…[and it] could be used to house an early childhood or adult education program, a student and family health center, or another city agency…The Mayor has no plans to sell the property or allow it to fall into disrepair or unmonitored use.
Not to be confused with LeDroit Park’s other Gage school, the N.P Gage School at 2035 2nd Street, NW that was replaced by Gage-Eckington (only to sit unoccupied for 25 years), and which was transformed into the Parker Flats at Gage School by Urban Realty Advisors and Bonstra Haresign Architects in 2005.
Washington DC retail and real estate development journal
NPR to Start Work on New NoMa HQ
NPR's new 400,000-s.f. HQ at 1111 North Capitol Street, NE, will rise from an expansion and renovation of the Chesapeake and Potomac Telephone Companies Warehouse and Repair Facility presently on site. The historically-protected (and Meads Row isn't?) 83-year-old structure, however, is rife with toxic substances, including asbestos, the removal of which will constitute the first phase of development since the project was announced one year ago.
"The abatement of hazardous materials from the inside of the building and the interior demolition [will begin] in July," said NPR media contact, Danielle Deabler. “The actual construction is anticipated in late 2010 or early 2011…Our move-in date is fall 2013.”
Given the lengthy timeline in place for a full build-out of the new headquarters, Deabler tells DCmud that NPR’s development team for the project - Boston Properties and Hickok Cole Architects - have yet to produce a final design scheme for NoMa’s newest corporate high-rise. According to the NPR rep, a picture of the supposed façade that made the rounds a few months back was merely an example of Hickok Cole’s preliminary vision for the site.
“We don’t have a rendering that we are releasing publicly right now. The only rendering that has been drawn up is the one [the architects] used to bid with. Since that most likely won’t be won’t it looks like, we don’t have a final [design] to show yet,” said Deabler.
The development team is currently in the process of selecting a general contractor for hazmat removal and construction. Final bids were due on June 2nd and a final choice will be announced shortly. (Expect NPR's pledge drive to be even more intense this year, as well.) Meanwhile, NoMa's first hotel opened its doors last week.
Thursday, June 11, 2009
DC Reveals Management and Style Guidelines for City Property
Labels: HOK Architecture, Minnesota-Benning, OPM, Washington DC
The OPM plan outlines measures that will reduce the city's amount of leased space by 13% (roughly 500,000 square feet) over the next year by relocating staff to shuttered DC public schools and consolidating warehouse operations. It also provides concrete timelines for the construction of new District-owned office space - including the currently underway Department of Employee Services at Benning Road and Minnesota Avenue, NE (pictured) and the recently announced MPD Property and Evidence Warehouse in Southwest. DC Public Schools and Libraries, however, will be unaffected by the Facilities Plan, as they are governed by their own distinct agencies.
The plan includes a provision requiring all DC-sponsored projects to meet a minimum LEED silver certification. OPM Director Robin-Eve Jasper did, however, point out that the plan is “Version 1.0” and will be subject to revision as new opportunities present themselves.
"A lot of things change about property – about the needs, about the market and other things - are very dynamic in real estate. We will be regularly updating this plan to address new things that come up,” said Jasper.
In addition to the master Facilities Plan, OPM also used the occasion to announce the release of its HOK Architects-authored (and phone book thick) Workplace Design Guidelines that, in the words of District reps, “standardizes the materials and furnishings that can be used in District office buildings” through bulk purchases and codified style standards.
“This will be a common brand making sure that efficiencies bring big cost savings,” said Fenty. Because, as we all know, the best way to attract DC’s best and brightest to local government is by forcing them to all use identical mauve swivel chairs in their mass produced cubicles. Oy.
Wednesday, June 10, 2009
Room and Board Buys into 14th Street
Labels: 14th Street, Eric Colbert, renovation, retail, U Street
"Room and Board is expecting this to be a regional draw for them...Through their catalog sales, they did a zip code analysis of where the majority of their customers were. The building at 1840 14th Street was just about dead center in that customer base," he said.
Known to some as the Taylor Motor Building, 1840 14th Street began its life as a Ford Model A showroom, and, in subsequent decades, went on to to serve an array of uses, including stints as an arts space and church. Most recently, the building was slated for a residential makeover by Four Points, LLC, which paid some $10 million for the site. Plans for that project, the so-called T Street Flats, (or "Rapture Lofts") were announced in 2007, but never made it past the planning stages.
"Blake Dickson Real Estate has been working on that property for the better part of two years…It was most recently a church, called the Church of the Rapture, and then the initial plans by Four Points, LLC had a condo element,” said Dickson. “They bought that building at the top of the market and then later decided to go all commercial with it.”
As purveyors of handcrafted, American-made furniture, Room and Board will be among the latest in a string of upscale chain retailers, including Bang and Olufsen and Whole Foods, to set up shop along the once unfashionable 14th Street corridor - the same strip that recently lost its Storehouse furniture retailer, only to gain Mitchell Gold in its place. One block over at 14th and S Streets, NW, the JBG Companies also have plans on the boards for a new mixed-use complex with ground-floor retail. (Once that Apple Store gets announced, consider gentrification complete.)
Room and Board have retained omnipresent DC architects, Eric Colbert and Associates, to design the extensive renovation, which Dickson described as a “gut job.” The build-out is expected to take between 12 and 18 months.
Tuesday, June 09, 2009
Meads Row Bids Adieu to the Atlas District
The Floridian Goes South?
Labels: Eric Colbert, Florida Ave., Kady Development, new condos, Shaw, Tompkins Builders
"The situation is that the seller, about three weeks ago, disclosed to all of our potential purchasers and [current] owners that he is having an issue with the lender and hopes to get it resolved within - what he said at the time - a month, but that he couldn’t be certain. So, we've been working with anyone who is under contract and new potential buyers and telling them that information,” said Gerard DiRuggiero of Urban Land Company.
“[We] can’t settle [contracts] at the moment. So, it’s just weekly updates and we’ve cleared that with all the buyers. Again, people are remarkably flexible and we’re giving them the information that we know. The residents seem to be handling it well and they love the building and the location,” said DiRuggiero. The Florida Avenue project sits amid several sites that were intended for development, such as the Atlantic Plumbing site, but that never materialized.
However, as of last week, the 118-units in the development’s dual, Eric Colbert-designed 8-story towers boasted an occupancy rate of 50% according to the sales team, though DC government records show only 29 recorded sales - after having begun sales in October 2005 and beginning settlements in the first half of 2008. Like the Metropole, a nearby project which was taken over by the lender in April and has been all but invisible since, the Floridian’s sales center at 913 Florida Avenue, NW, remains technically open for business…for now, at least, but without a date certain for resolving the issue. The project was built by Tompkins Builders.
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