555 Mass | 555 Massachusetts Avenue, NW, Washington DC, 20001
555 Mass was built in 2004 as an apartment building, a project that was mostly a success as the units leased quickly. But with market changes in the winds, the 14-story, 235,000 s.f., 264-unit building was converted to condos in 2005, just one year after the building began leasing. Condo sales at 555 Mass began in early 2005, selling out finally in mid 2008, with efficiencies that started in the high $200s, one-bedrooms from the low $300s, and two-bedroom layouts priced from the low $500s.
555 Mass includes 24-hour front desk, fitness center, e-lounge and roof top pool and deck with great city views; floor layouts are very standard, but interior finishes less than imaginative owing to its real estate roots as an apartment building. Developed by JBG Group of Chevy Chase, which holds a large stock of rental and condo units throughout the DC area. The Mt. Vernon Triangle neighborhood could, until this project, be described only as desolate, soon saw one of DC's biggest development booms - though much work remains frozen - and sits across from Penn Quarter. Designed by Wiehe Design Group (now WDG), built by Clark Construction.
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Friday, March 05, 2010
Thursday, March 04, 2010
H Street: Another Retail Spot?
The flow of development making its way down H Street, NE, will soon reach 13th and H Streets, a condemned two-story "office" structure at 1381 H Street that its owners hope to tear down to make room for something better. What, we don't yet know. Owner Clifford Utley has filed for a raze permit; once approved, NSD&E Inc. will pull down the dilapidated building, and Utley can set to work revitalizing his lot with a new mixed-use building, likely composed of ground floor retail with office space above. By the time a new development emerges, H Street might even have a functioning street car (legal disclaimer: don't count on that).
Utley, owner of construction company Utley Mechanical Inc., told DCMud he had previously tried to obtain permits to renovate the structure, but there was just "too much red tape" required to save the deteriorating building. Utley said his decision to raze and rebuild was partly due to what he called "exorbitant taxes" he had to pay on the property last year. The property's tax assessed value is $190,000 and has been taxed under 10% vacant property rate. According to records from the Office of Tax and Revenue, in 2009, Utley paid over $28,000 in taxes, including some back taxes and related charges.
Though his plans are still rather vague, the erstwhile developer said he is moving forward with his efforts to raze and start over. Over the next few months, Utley indicated he would figure out the financing. Then find an architect, then create a development and building design, then proceed. Seems to us as good as done. Utley assures us he will do something with the property pretty soon.
Washington, DC real estate and development news
Utley, owner of construction company Utley Mechanical Inc., told DCMud he had previously tried to obtain permits to renovate the structure, but there was just "too much red tape" required to save the deteriorating building. Utley said his decision to raze and rebuild was partly due to what he called "exorbitant taxes" he had to pay on the property last year. The property's tax assessed value is $190,000 and has been taxed under 10% vacant property rate. According to records from the Office of Tax and Revenue, in 2009, Utley paid over $28,000 in taxes, including some back taxes and related charges.
Though his plans are still rather vague, the erstwhile developer said he is moving forward with his efforts to raze and start over. Over the next few months, Utley indicated he would figure out the financing. Then find an architect, then create a development and building design, then proceed. Seems to us as good as done. Utley assures us he will do something with the property pretty soon.
Washington, DC real estate and development news
Wednesday, March 03, 2010
14th Street YMCA: Short on the Dough
8
comments
Posted by
Shaun on 3/03/2010 04:54:00 PM
Labels: 14th Street, Davis Carter Scott, FLGA, HOK Architecture, Jim Graham, Perseus Realty LLC
Labels: 14th Street, Davis Carter Scott, FLGA, HOK Architecture, Jim Graham, Perseus Realty LLC
Despite the mini-boom taking hold on the 14th Street corridor - View 14, Room & Board, JBG's large condo project, and a surfeit of new retail - not all projects are having an easy time of digging up money. In addition to UDR's iced over plans up the hill for the Nehemiah Center, the latest financing casualty is the redevelopment of the Anthony Bowen YMCA into a large apartment building. The planned mixed use development at 14th and W Streets has not disturbed any earth since the project "broke ground" in September 2008, nor does it look like it will make any progress soon. The 231-unit project was planned by Perseus Realty LLC in conjunction with Capmark Investments LP and the minority owned DC-based FLGA Real Estate Group. In 2008, the team optimistically estimated a 2010 finish date; now an optimistic view would be a 2010 start date.
Brian DeBose, spokesperson for Councilmember Jim Graham, whose ward the project sits in, told DCMud, "The project is stalled. There is no financing and there has not been a breakthrough." In short, DeBose surmised, "Nothing is going on."
DeBose added that the District does not have the money to provide a TIF or any seed money to help bolster the stalled development, even if the will was there. To be fair, the District has already done its share during more flush times, including the District Council's 2008 decision to grant a hefty 20 years of tax abatement and $1 million in forgone sales taxes on construction materials for the project's development.
Clark Construction is the general contractor, if it comes to that, for the planned 236,000-s.f. apartment building with 18 affordable units. The project is also supposed to include a new 46,000-s.f. YMCA and 12,200 s.f. of retail space. Designs for the project are by Davis Carter Scott and HOK. The Anthony Bowen YMCA was named for a Prince George’s County slave who relocated to Washington after purchasing his freedom. Bowen went on to co-found the nation’s first African-American YMCA in 1853. Developers for the project were either unwilling to comment or did not return phone calls requesting additional information.
Washington, DC real estate and development news
Brian DeBose, spokesperson for Councilmember Jim Graham, whose ward the project sits in, told DCMud, "The project is stalled. There is no financing and there has not been a breakthrough." In short, DeBose surmised, "Nothing is going on."
DeBose added that the District does not have the money to provide a TIF or any seed money to help bolster the stalled development, even if the will was there. To be fair, the District has already done its share during more flush times, including the District Council's 2008 decision to grant a hefty 20 years of tax abatement and $1 million in forgone sales taxes on construction materials for the project's development.
Clark Construction is the general contractor, if it comes to that, for the planned 236,000-s.f. apartment building with 18 affordable units. The project is also supposed to include a new 46,000-s.f. YMCA and 12,200 s.f. of retail space. Designs for the project are by Davis Carter Scott and HOK. The Anthony Bowen YMCA was named for a Prince George’s County slave who relocated to Washington after purchasing his freedom. Bowen went on to co-found the nation’s first African-American YMCA in 1853. Developers for the project were either unwilling to comment or did not return phone calls requesting additional information.
Washington, DC real estate and development news
Tuesday, March 02, 2010
Mayfair Mansions: Condos No More
2
comments
Posted by
Shaun on 3/02/2010 04:30:00 PM
Labels: CPDC, Gilford Corporation, Hamel Builders, Marshall Heights, MHCDO, Wiencek + Associates
Labels: CPDC, Gilford Corporation, Hamel Builders, Marshall Heights, MHCDO, Wiencek + Associates
Despite the economic climate, government financed low-income housing projects have largely marched forward, but the condo bust is now hitting home in the subsidized low-income market, too. In November 2007, development partners Community Preservation and Development Corporation (CPDC) and Marshall Heights Community Development Organization (MHCDO) broke ground on the planned renovation of Mayfair Mansions - almost 600 units of affordable housing. Of the 17 buildings, 12 rental buildings were slated for interior renovation, and 5 buildings were to be renovated and converted to condos. Today the 12 rental buildings are fully renovated and occupied, but the planned 160-unit condo element of the Mayfair Mansions has now been pigeonholed permanently.
In 2005 the Mayfair Mansions Tenant Association organized a purchase of the property, selecting CPDC and MHCDO to assist with the acquisition, rehabilitate the buildings and maintain the Mansions as affordable housing - affordable mansions, technically.
The rental renovations began in 2007 and completed this past September. But, according to Paul Brown at CPDC, the condominium project, originally scheduled to deliver first quarter of 2010, is not "going to deliver this year. It probably is not ever going to deliver as a condo." Brown said the conversion to condo never happened and the building, sans renovation, still serves tenants. Brown said CPDC is working closely with MHCDO to figure out how to finish the renovations.
The partners did complete the a new LEED-eligible community center, which delivered just in time this past summer for the community to enjoy a new pool facility, computer labs, an assembly room and classrooms for services such as literacy programs.
The non-profit developers purchased the property with a $24.2 million loan provided by the District's Department of Housing and Community Development (DHCD). Additional funds for the residential renovations and the construction of a new community center came from the DHCD Housing Production Trust Fund (HPTF), Federal Historic Tax Credits, as well as Tax Exempt Bond financing and Low Income Housing Tax Credit allocations provided by DC Housing Finance Agency (HFA). Of the funds, $23 million went towards successfully revitalizing the 410 rental units. The $6.9 million set aside for undelivered condos, however, equates to lots of public money for development, which never happened. Kind of like Lehman Brothers.
Mayfair received a Federal Historic Rehabilitation Tax Credit because of its historic status; the Mayfair Mansions were originally constructed in the 1940s specifically for the African-American community in a time when racially restrictive covenants had a stranglehold on housing practices. The community was designed by Albert Cassell, a renowned African American architect who designed numerous milestone structures for Howard University.
Wiencek + Associates and McDonald Williams Banks Architects served as the design team. Gilford Construction Corporation and Hamel Builders Inc. served as general contractors in a joint venture.
Washington DC real estate development news
In 2005 the Mayfair Mansions Tenant Association organized a purchase of the property, selecting CPDC and MHCDO to assist with the acquisition, rehabilitate the buildings and maintain the Mansions as affordable housing - affordable mansions, technically.
The rental renovations began in 2007 and completed this past September. But, according to Paul Brown at CPDC, the condominium project, originally scheduled to deliver first quarter of 2010, is not "going to deliver this year. It probably is not ever going to deliver as a condo." Brown said the conversion to condo never happened and the building, sans renovation, still serves tenants. Brown said CPDC is working closely with MHCDO to figure out how to finish the renovations.
The partners did complete the a new LEED-eligible community center, which delivered just in time this past summer for the community to enjoy a new pool facility, computer labs, an assembly room and classrooms for services such as literacy programs.
The non-profit developers purchased the property with a $24.2 million loan provided by the District's Department of Housing and Community Development (DHCD). Additional funds for the residential renovations and the construction of a new community center came from the DHCD Housing Production Trust Fund (HPTF), Federal Historic Tax Credits, as well as Tax Exempt Bond financing and Low Income Housing Tax Credit allocations provided by DC Housing Finance Agency (HFA). Of the funds, $23 million went towards successfully revitalizing the 410 rental units. The $6.9 million set aside for undelivered condos, however, equates to lots of public money for development, which never happened. Kind of like Lehman Brothers.
Mayfair received a Federal Historic Rehabilitation Tax Credit because of its historic status; the Mayfair Mansions were originally constructed in the 1940s specifically for the African-American community in a time when racially restrictive covenants had a stranglehold on housing practices. The community was designed by Albert Cassell, a renowned African American architect who designed numerous milestone structures for Howard University.
Wiencek + Associates and McDonald Williams Banks Architects served as the design team. Gilford Construction Corporation and Hamel Builders Inc. served as general contractors in a joint venture.
Washington DC real estate development news
Manna Begins Columbia Heights Condo Project
Non-profit Manna, Inc has just gotten underway in its efforts to bring 15 new condominiums to Clifton Street in Columbia Heights, removing one of the few remaining empty lots in the area. Though construction has just begun, the non-profit already has most of the units under contract. Manna - the developer, architect, contractor and even financier - obtained the lot under the now-defunct DC Homestead Program, which helped non-profits get District land for low-income development projects. Construction on the Cardozo Court Condominium, at 1343 Clifton, began last October and is expected to complete by early next year. Cardozo is one of four Manna condominium projects set to deliver over the course of the next year.
Cardozo Court will offer its homes from $175,000 to $260,000, available to purchasers earning at or below 80% of Area Median Income. Manna has begun signing contracts on the units, with nine already claimed.
The total development costs are estimated at $3.4 million and financing is being provided by Local Initiatives Support Corporation, BB&T, Department of Housing and Community Development. Since its founding in 1982, Manna has developed and sold over 1,000 units in the District.
Washington DC real estate development news
Cardozo Court will offer its homes from $175,000 to $260,000, available to purchasers earning at or below 80% of Area Median Income. Manna has begun signing contracts on the units, with nine already claimed.
The total development costs are estimated at $3.4 million and financing is being provided by Local Initiatives Support Corporation, BB&T, Department of Housing and Community Development. Since its founding in 1982, Manna has developed and sold over 1,000 units in the District.
Washington DC real estate development news
Grammercy at Metropolitan Park Apartments
Grammercy at Metropolitan Park, 550 14th Rd., Arlington VA
A Kettler property, the Grammercy at Metropolitan Park is an 18-story, 399 unit apartment building in the Pentagon City section of Arlington. A funky (but in a good way) lobby sets the tone for the building's common areas. Interior designs include mission-style cabinets, granite countertops, stainless appliances, cultured marble vanities. One of numerous "Metropolitan" projects by Kettler, the building has a rooftop pool, computer center, conference room, fitness center, billiards room, in-unit washer/dryer and theater room. Architecturally different from nearby Crystal City, the building was designed by WDG Architecture of DC with master planning by Robert A. M. Stern. Parking is available to rent, but the building is only a (long) block from the Pentagon City Metro station. Part of what is easily the largest development project in the DC area, Kettler demolished numerous warehouses and filled in empty parking lots for an 8-phase project (the Grammercy was Phase 2) that is bringing Pentagon City from desolate to high-density with as many as 3200 residential units when fully built. Construction began in 2005 and completed in late 2007; Kettler purchased the land from Vornado.
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A Kettler property, the Grammercy at Metropolitan Park is an 18-story, 399 unit apartment building in the Pentagon City section of Arlington. A funky (but in a good way) lobby sets the tone for the building's common areas. Interior designs include mission-style cabinets, granite countertops, stainless appliances, cultured marble vanities. One of numerous "Metropolitan" projects by Kettler, the building has a rooftop pool, computer center, conference room, fitness center, billiards room, in-unit washer/dryer and theater room. Architecturally different from nearby Crystal City, the building was designed by WDG Architecture of DC with master planning by Robert A. M. Stern. Parking is available to rent, but the building is only a (long) block from the Pentagon City Metro station. Part of what is easily the largest development project in the DC area, Kettler demolished numerous warehouses and filled in empty parking lots for an 8-phase project (the Grammercy was Phase 2) that is bringing Pentagon City from desolate to high-density with as many as 3200 residential units when fully built. Construction began in 2005 and completed in late 2007; Kettler purchased the land from Vornado.
Post your comments at the Metropolitan below:
Monday, March 01, 2010
Secret Women's Shelter Expanded
On Friday, somewhere in the District, demolition began at an undisclosed location for the expansion of My Sister’s Place, the District's only confidential shelter for battered women. Councilmember Kwame Brown, who secured $1 million in financing from the District for the shelter, was on hand, furtively, to help with the initial demolition. The expansion will more than double the number of emergency shelter beds from 22 to 45, allowing families to stay off the streets and out of abusive situations.
Though the expansion project had a ceremonial groundbreaking in October 2008, it later stalled, lacking sufficient construction funds. A recent grant from the District allowed construction to begin again; the expanded facility should complete in the fall of 2010.
The 9,000 s.f. facility will have suite-like living quarters, private counseling and therapy rooms and a computer resource room for women who are victims of domestic violence to seek work. It will also have a full time chef on site in a fully equipped commercial kitchen. The facility will also feature the District’s only 24-hour domestic violence emergency hotline. For matters of safety, the location of the shelter is not publicly available.
Washington DC real estate development news
Though the expansion project had a ceremonial groundbreaking in October 2008, it later stalled, lacking sufficient construction funds. A recent grant from the District allowed construction to begin again; the expanded facility should complete in the fall of 2010.
The 9,000 s.f. facility will have suite-like living quarters, private counseling and therapy rooms and a computer resource room for women who are victims of domestic violence to seek work. It will also have a full time chef on site in a fully equipped commercial kitchen. The facility will also feature the District’s only 24-hour domestic violence emergency hotline. For matters of safety, the location of the shelter is not publicly available.
Washington DC real estate development news
Gales School Waits for Submissions
The District's Department of Real Estate Services has extended for a 2nd time the submission deadline for development of the Gales School, from March 18th to March 26th. Just two weeks ago DRES moved the deadline from February 16th to mid March. While the Department would not comment on the extension, bets are on that the District is waiting for the Central Union Mission, which has not yet submitted its bid.
The District Columbia originally announced the RFP for a new homeless shelter January 25th, for which the Mission had been a strong contender since discarding its designs on Georgia Avenue. David Treadwell, Executive Director of the Mission, says the non-profit is getting its paperwork together but has not yet submitted its plan to the District. Treadwell said its submission would allow for an expansion of its 135-bed facility, now in Logan Circle, by adding up to 5,000 s.f. of space in the rear of the property. The RFP requires a homeless shelter with at least 150 spaces; Treadwell said the Mission would "hope to provide more than that," while relocating administrative offices to another, less expensive site.
"This is a very expensive project," said Treadwell of the construction that would have to retain the existing facade, details of which would be left to Cox Graae and Spack Architects of Georgetown. The Mission views the space as compelling for its prime downtown location, a neighborhood it believes is underserved. As for the last confrontation with the ACLU, which targeted the deal because of what it perceived as a government's endorsement of religion stemming from the Mission's Christian teachings, Treadwell hoped for a better outcome this time. "This was never a done deal, despite their contentions. We have no desire to tangle with the ACLU."
Washington DC real estate development news
The District Columbia originally announced the RFP for a new homeless shelter January 25th, for which the Mission had been a strong contender since discarding its designs on Georgia Avenue. David Treadwell, Executive Director of the Mission, says the non-profit is getting its paperwork together but has not yet submitted its plan to the District. Treadwell said its submission would allow for an expansion of its 135-bed facility, now in Logan Circle, by adding up to 5,000 s.f. of space in the rear of the property. The RFP requires a homeless shelter with at least 150 spaces; Treadwell said the Mission would "hope to provide more than that," while relocating administrative offices to another, less expensive site.
"This is a very expensive project," said Treadwell of the construction that would have to retain the existing facade, details of which would be left to Cox Graae and Spack Architects of Georgetown. The Mission views the space as compelling for its prime downtown location, a neighborhood it believes is underserved. As for the last confrontation with the ACLU, which targeted the deal because of what it perceived as a government's endorsement of religion stemming from the Mission's Christian teachings, Treadwell hoped for a better outcome this time. "This was never a done deal, despite their contentions. We have no desire to tangle with the ACLU."
Washington DC real estate development news
Midtown Bethesda North Condos
0
comments
Posted by
Ken on 3/01/2010 09:50:00 AM
Labels: Dorsky Hodgson and Partners, Kettler, White Flint
Labels: Dorsky Hodgson and Partners, Kettler, White Flint
Midtown Bethesda North , a 20-story building with 250 condos, started real estate sales in the mid $300k's, 2 beds from the low $500k's to $1m, prices that were later lowered. Condos at Midtown occupy the 6th to the 19th floor; the first 5 floors contain the parking garage in an architecturally layered building to distinguish the non-residential component. Two blocks - about a 10-12 minute walk - from the Twinbrook Metro at the corner of Bou and Chapman. Occupancy of the building began in April, 2007. Features include Hansgrohe fixtures, a 24-hour front desk, "concierge" service, gas stoves and on-site hotel suites for visitors. Developed by Kettler, which built a number of similar projects in the DC suburbs (all ironically called Midtown), designed by Dorsky Hodgson Parrish Yue Architects (DHPY), interior design consulting by WDG Architecture. Bovis Lend Lease was the contractor for 450,000 s.f. project. Midtown Bethesda North is located between Twinbrook and White Flint, surrounded by strip malls and at least some promised development, but for now remains the only high-rise in the immediate area in a sea of surface parking lots just off the Pike; a neighborhood not made to travel by foot but slow to get around by car.
Washington DC metro real estate news
Washington DC metro real estate news
Union Row Condominiums
0
comments
Posted by
Ken on 3/01/2010 06:14:00 AM
Labels: 14th Street, PN Hoffman, SK and I Architects
Labels: 14th Street, PN Hoffman, SK and I Architects
Union Row Condominiums, 2125 14th St., NW, Washington DC
Union Row consists of an 8-story, 216-unit condo building on 14th Street (The Flats), as well as 52 condos in the rear alley converted from old warehouses. Located in the heart of the U St. corridor, the project was completed in the fall of 2007. Developed by PN Hoffman, with design by SK&I Architecture, some units offer floor to ceiling windows and glass bays in a glass-dominated facade, which offers some city views. Condo sales began in early 2006, the building sold out in early 2010. The project includes a Yes! organic market, with many similar neighboring projects such as the Nehemiah Center and View14 adding more retail in the near future.
The rounded facade was designed to fit strategically above the bend in the Metrorail tunnel that passes directly below. The Warehouses at Union Row feature 52 split-level and single level "townhouse style" condos in a converted and expanded warehouse - 2 parallel buildings separated by a courtyard, with some 3-level condos featuring floor to ceiling windows. The Warehouse is in keeping with PNH's trademark: loft-style developments with exposed utility features and exposed concrete ceilings; the physical structure offers a unique alternative to the cubed edifices more common to the area. The warehouse condominiums are located directly behind the Flats at Union Row, providing a sheltered space just off busy 14th Street. Once a forgotten part of Washington DC, this section of the District is destined to become more of a residential core with a strong commercial strip running through it.
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Thursday, February 25, 2010
The Future of Washington DC Transportation
One year after Gabe Klein took the helm at the District Department of Transportation (DDOT), the District agency has a brand new website, an aggressive two-year plan and a progressive approach to transportation. Yesterday, DDOT Director Klein invited several transportation bloggers to discuss the agency's progress during his first year, and plans going forward. By 2012 DDOT aims to more than double the 2009 bicycle road share, add 250 car-share vehicles, increase Circulator ridership by 47 percent, add six more "performance" parking districts and have 2.75 miles of operating streetcar lines. Yes, he went there: operating streetcars.
Klein described an agency embracing a culture shift, one that focuses on sustainability, safety and open communication. A new website, along with DDOT's social networking presence, are part of it's outreach to inform DC residents of the agency's services down to online plans about what DDOT has planned for their neighborhood and commute.
The DDOT Director is optimistic and confident that DC will resolve issues facing overhead wires for the planned 37 miles of streetcars through a combination of technology and, of course, compromise with transportation's other stakeholders - the National Capital Planning Commission, the Capitol Hill Restoration Society and the Committee of 100, among others.
Klein says the open dialogue has narrowed the wire issue to the North-South "viewshed" of the Capitol. Klein said he was determined to make streetcars happen and eliminate unnecessary overhead wires. At the same time, he's asking streetcar opponents to rethink the boundaries for overhead wires and to maybe allow them along areas of H Street to Benning Road.
There's also the matter of disguising wires. Klein said he took a trip with several BID directors and Marcel Acosta, Executive Director of NCPC, to see the streetcars in Portland, Oregon, which Klein said fit seamlessly into the transportation flow, with wires hidden by a canopy of trees. Klein joked that he even has a photo of Acosta smiling with an overhead wire dangling in the background.
On the technology side, Klein said he is working with United Streetcar, maker of the first American streetcar manufactured in the U.S. in 50 years, to develop hybrid solutions for power. Right now the cars can travel up to 1/4 mile just on battery power, but Klein hopes to get that number up to 1 mile by working with the company to developer a lithium ion battery. Klein is applying for federal funding to pay for the new batteries, and anticipates, with rapid changes in battery technology, that the cars could eventually run up to 2 miles on battery power alone. Like a Prius, with better brakes. Announcements about the streetcar project timing should come in the next few months.
Beyond the streetcar, Klein is seeking innovative solutions at every level of the agency. A Maintenance and Operations contract will be going out to bid soon, in which DDOT will ask for creative solutions that address the agency's needs. "Free consulting" from the private sector, said Klein.
Then there are changes coming to parking meters in pilot programs throughout the city; new solar-powered meters allow payment by coins or by credit card, "so people don't carry 16 quarters for two hours" said Klein. Since their inception, 52% of patrons started using credit cards, and in the study area DDOT has seen a 30% increase in parking revenue. Klein said of the pilot, "revenues are up, people seem to love it" but that he was not ready to say it was a definite success until he knew more about the machines' reliability. Another parking change is the pay-for-performance areas - which DDOT hopes to increase to eight by 2012 - where pricing for parking is based on demand. Klein admitted that testing this out in the ballpark district might not have been the best decision, but that the agency is expanding the concept to new areas to continue to test its effectiveness.
The new website is a good resource for residents to maneuver the various responsibilities of DDOT and to learn how to maneuver the streets of DC in ever-expanding ways. If DDOT gets its way, District residents in 2012 will have a markedly different transportation scene.
Washington DC real estate development news
Klein described an agency embracing a culture shift, one that focuses on sustainability, safety and open communication. A new website, along with DDOT's social networking presence, are part of it's outreach to inform DC residents of the agency's services down to online plans about what DDOT has planned for their neighborhood and commute.
The DDOT Director is optimistic and confident that DC will resolve issues facing overhead wires for the planned 37 miles of streetcars through a combination of technology and, of course, compromise with transportation's other stakeholders - the National Capital Planning Commission, the Capitol Hill Restoration Society and the Committee of 100, among others.
Klein says the open dialogue has narrowed the wire issue to the North-South "viewshed" of the Capitol. Klein said he was determined to make streetcars happen and eliminate unnecessary overhead wires. At the same time, he's asking streetcar opponents to rethink the boundaries for overhead wires and to maybe allow them along areas of H Street to Benning Road.
There's also the matter of disguising wires. Klein said he took a trip with several BID directors and Marcel Acosta, Executive Director of NCPC, to see the streetcars in Portland, Oregon, which Klein said fit seamlessly into the transportation flow, with wires hidden by a canopy of trees. Klein joked that he even has a photo of Acosta smiling with an overhead wire dangling in the background.
On the technology side, Klein said he is working with United Streetcar, maker of the first American streetcar manufactured in the U.S. in 50 years, to develop hybrid solutions for power. Right now the cars can travel up to 1/4 mile just on battery power, but Klein hopes to get that number up to 1 mile by working with the company to developer a lithium ion battery. Klein is applying for federal funding to pay for the new batteries, and anticipates, with rapid changes in battery technology, that the cars could eventually run up to 2 miles on battery power alone. Like a Prius, with better brakes. Announcements about the streetcar project timing should come in the next few months.
Beyond the streetcar, Klein is seeking innovative solutions at every level of the agency. A Maintenance and Operations contract will be going out to bid soon, in which DDOT will ask for creative solutions that address the agency's needs. "Free consulting" from the private sector, said Klein.
Then there are changes coming to parking meters in pilot programs throughout the city; new solar-powered meters allow payment by coins or by credit card, "so people don't carry 16 quarters for two hours" said Klein. Since their inception, 52% of patrons started using credit cards, and in the study area DDOT has seen a 30% increase in parking revenue. Klein said of the pilot, "revenues are up, people seem to love it" but that he was not ready to say it was a definite success until he knew more about the machines' reliability. Another parking change is the pay-for-performance areas - which DDOT hopes to increase to eight by 2012 - where pricing for parking is based on demand. Klein admitted that testing this out in the ballpark district might not have been the best decision, but that the agency is expanding the concept to new areas to continue to test its effectiveness.
The new website is a good resource for residents to maneuver the various responsibilities of DDOT and to learn how to maneuver the streets of DC in ever-expanding ways. If DDOT gets its way, District residents in 2012 will have a markedly different transportation scene.
Washington DC real estate development news
Alexandria Live/Work Project Sees Delays
A frozen development project, evidenced by the snow-covered concrete slab at 2707-2711 Mount Vernon Avenue in Alexandria, is showing signs of thawing now that construction may start again this spring. Alexandria's The Lofts at Del Ray Village, a three-story, 14,096 s.f. development, was supposed to resuscitate the vacant lot beginning last May. Almost a year later, the foundation is poured, but the rest of the live/work project remains incomplete. Now developer/architect Gaver Nichols says, the project could get back on track within the next two months and could complete by the end of 2010.
The problems began about six months ago when a local lender suddenly lost its enthusiasm for all things real estate. That left Nichols and his development partners with a poured foundation and no financing to go beyond that. Nichols says carefully that "the project is moving slowly due to financial constraints" but that he and his partners are raising collateral and doing everything they can to begin building. "I have been working on this site for almost ten years, since I approached the guy about the dirt," said Nichols, "it's a labor of love."
The Lofts’ top two floors will be four, two-bedroom units, ranging in size from 2,053 to 2,949 s.f. The ground-floor will include 4,500 square feet of office space (plus basements), giving tenants the opportunity to work from home, though they will not be required to use the commercial space. Last May, Nichols described the project: “Conceptually, it’s like the traditional neighborhood warehouse that’s been renovated with a modern top." Except this is brand new construction - an entirely different ball game- and architect Nichols has earned his development stripes during a difficult time for even an established developer.
Alexandria real estate development news
The problems began about six months ago when a local lender suddenly lost its enthusiasm for all things real estate. That left Nichols and his development partners with a poured foundation and no financing to go beyond that. Nichols says carefully that "the project is moving slowly due to financial constraints" but that he and his partners are raising collateral and doing everything they can to begin building. "I have been working on this site for almost ten years, since I approached the guy about the dirt," said Nichols, "it's a labor of love."
The Lofts’ top two floors will be four, two-bedroom units, ranging in size from 2,053 to 2,949 s.f. The ground-floor will include 4,500 square feet of office space (plus basements), giving tenants the opportunity to work from home, though they will not be required to use the commercial space. Last May, Nichols described the project: “Conceptually, it’s like the traditional neighborhood warehouse that’s been renovated with a modern top." Except this is brand new construction - an entirely different ball game- and architect Nichols has earned his development stripes during a difficult time for even an established developer.
Alexandria real estate development news
Wednesday, February 24, 2010
Restaurant and Lofts Coming to Heart of Dupont
Look for a new mixed-use development in Dupont Circle as soon as spring of 2011. The building, 1737 Connecticut Avenue, NW, formerly Anna Maria's Italian Restaurant, will soon transform into a new restaurant on two floors with four loft condos above. The owner, 1737 Connecticut Avenue Associates, LLC, bought the property this past June for $2.8 million. Architect FORMDesign Group has been working closely with the Dupont community, quickly making design changes as needed. This week the team received approval from the Dupont ANC2B, which deferred to the conditional approval of the Dupont Circle Conservancy. The team will now present the design to the Historic Preservation Review Board (HPRB), which will likely approve the project based on the recommendations in the staff report.
FORM will add a partial sixth story and bump out several floors of the historic structure, expanding the 7,300 s.f. space into an 11,000 s.f. mixed-use development. The Dupont Conservancy concerns forced a change to the set back of the sixth floor, originally planned to be 30 feet, now expanded to 52 feet to avoid visibility from the street and nearby intersections, leaving only the issue of the sidewalk canopy. Though already in place, the Conservancy requested that it be removed, and with that caveat gave approval to the height and massing.
The lofts will likely be 1,800 s.f. condo units on the third through sixth floors. In order to provide additional square footage, the third through fifth floors will be extended 12 feet to the rear. The design also calls for an elevator, which will have to be concealed from street level with any necessary equipment. Dario Davies, CEO of MasterBuilt and Principal at FORMDesign, said the group is currently negotiating with several interested restaurateurs to take the spot on the first two floors.
The HPRB approval expected this week will cover the height and massing, then its on to the remaining design and permitting, a process that could take another 6 months. With Davies expecting an 8 month build-out, the project could be ready by early next year.
UPDATE: A new rendering has been added to the story as of 03/01/2010.
Washington, DC real estate development and retail news
FORM will add a partial sixth story and bump out several floors of the historic structure, expanding the 7,300 s.f. space into an 11,000 s.f. mixed-use development. The Dupont Conservancy concerns forced a change to the set back of the sixth floor, originally planned to be 30 feet, now expanded to 52 feet to avoid visibility from the street and nearby intersections, leaving only the issue of the sidewalk canopy. Though already in place, the Conservancy requested that it be removed, and with that caveat gave approval to the height and massing.
The lofts will likely be 1,800 s.f. condo units on the third through sixth floors. In order to provide additional square footage, the third through fifth floors will be extended 12 feet to the rear. The design also calls for an elevator, which will have to be concealed from street level with any necessary equipment. Dario Davies, CEO of MasterBuilt and Principal at FORMDesign, said the group is currently negotiating with several interested restaurateurs to take the spot on the first two floors.
The HPRB approval expected this week will cover the height and massing, then its on to the remaining design and permitting, a process that could take another 6 months. With Davies expecting an 8 month build-out, the project could be ready by early next year.
UPDATE: A new rendering has been added to the story as of 03/01/2010.
Washington, DC real estate development and retail news
Tuesday, February 23, 2010
New Townhouse-Style Condos for U Street
8
comments
Posted by
Shaun on 2/23/2010 02:36:00 PM
Labels: HPRB, Lessard Group, Macy Development, U Street
Labels: HPRB, Lessard Group, Macy Development, U Street
A lot at the corner of Vermont Avenue and T Street, NW, in the heart of the U Street neighborhood, is about to get an infusion of six new condos in three townhouse-style buildings. The two-over-two units, sitting almost on top of the U Street Metro station, will range from approximately 2,000 s.f. to 2,400 s.f. with two floors for each unit. The three lots are part of a larger parcel that was once home to a four-story apartment building, "The Cameron," which was built in 1899 and destroyed in a fire in the 1960's. The new condos will be a huge improvement over the site's use as a parking lot for the neighboring Masonic Temple.
The three upper units with have roof top terraces, all will have one private parking space, two of which will be private attached garages. Two of the houses (four units) will face T Street and one will front Vermont Avenue. Mimicking the style of the neighborhood, the Lessard Group designs take their form from Queen Anne and Romanesque architecture; the corner of Vermont and T Street will likely feature a tower that conforms to the many existing historic homes in the surrounding community. The matter-of-right development will go before the Historic Preservation Review Board (HPRB) this week and received an approval in the HPRB staff report.
Developer Derek Huetinck said a date for construction has not been scheduled, but he is filing for permits and hoping to begin by the end of this year. In a best case scenario the units could deliver in the first half of 2011. Huetinck said he was "unsure of final sales prices for the units at this time" and that the project "likely will not open for sales until after construction has begun."
The site was formerly the proposed home of Evanti Condos, a 14-unit project by Macy Development and the Masonic Temple, which owned the land, but which never broke ground. Huetinck obtained the properties under his project entity T Street Builders, LLC in November 2009 for $770,000.
Washington DC real estate development news
The three upper units with have roof top terraces, all will have one private parking space, two of which will be private attached garages. Two of the houses (four units) will face T Street and one will front Vermont Avenue. Mimicking the style of the neighborhood, the Lessard Group designs take their form from Queen Anne and Romanesque architecture; the corner of Vermont and T Street will likely feature a tower that conforms to the many existing historic homes in the surrounding community. The matter-of-right development will go before the Historic Preservation Review Board (HPRB) this week and received an approval in the HPRB staff report.
Developer Derek Huetinck said a date for construction has not been scheduled, but he is filing for permits and hoping to begin by the end of this year. In a best case scenario the units could deliver in the first half of 2011. Huetinck said he was "unsure of final sales prices for the units at this time" and that the project "likely will not open for sales until after construction has begun."
The site was formerly the proposed home of Evanti Condos, a 14-unit project by Macy Development and the Masonic Temple, which owned the land, but which never broke ground. Huetinck obtained the properties under his project entity T Street Builders, LLC in November 2009 for $770,000.
Washington DC real estate development news
Monday, February 22, 2010
Senate Square Sold At Auction
The 432-unit Senate Square apartment building on the 200 block of I Street, NE, sold this afternoon at auction for more than $121,000,000 to its "mezz" lender. The sole bidder, VII I Street Mezz Lender, LLC (the "Secured Party") nodded at the opening bid of $1 million, which had to be paid on top of the outstanding $120 million note plus accrued mortgage interest and fees. VII I Street Mezz Lender, LLC was listed as a mezzanine lender on the property in the auction notice. The bid was the only one placed on the troubled property. Developed by New York-based Broadway Development and designed by architect Philip Esocoff, the property went into receivership in October 2009 after an aborted attempt at condo sales and a slow start at leasing.
Attorney for the secured party, Stephen Meister of the New York-based firm Meister Seelig & Fein, LLP, indicated he was uncertain how the purchase would affect management of the building.
Washington, DC real estate development news
Attorney for the secured party, Stephen Meister of the New York-based firm Meister Seelig & Fein, LLP, indicated he was uncertain how the purchase would affect management of the building.
Washington, DC real estate development news
82 Years Later, Hay Adams Tops Out
After 82 years in service, the Hay Adams Hotel on Lafayette Square is reportedly nearly ready to add another floor to accommodate a restaurant. If plans are approved, the Hay Adams will offer what would easily be the best dining views over the White House, giving neighboring W a run for its money. The hotel already boasts an impressive view over the White House and onto the Mall from its position on the northern end of Lafayette Park.
The 145-room Hay Adams was purchased by BF Saul in 2006 for a reported $690,000 per room, and received a great PR boost when President-Elect Obama and family took up residence there in the weeks prior to inauguration.
Sources say the hotel is close to final approval for concept, which required sanctioning by the DC and federal governments, and of course the Secret Service, which will one day run all of Washington DC.
The Hay Adams was designed by Mihran Mesrobian and built in 1928 on the site of the homes of Henry Adams and John Hay, the latter a personal secretary to Abraham Lincoln and later Secretary of State.
Washington DC real estate development news
The 145-room Hay Adams was purchased by BF Saul in 2006 for a reported $690,000 per room, and received a great PR boost when President-Elect Obama and family took up residence there in the weeks prior to inauguration.
Sources say the hotel is close to final approval for concept, which required sanctioning by the DC and federal governments, and of course the Secret Service, which will one day run all of Washington DC.
The Hay Adams was designed by Mihran Mesrobian and built in 1928 on the site of the homes of Henry Adams and John Hay, the latter a personal secretary to Abraham Lincoln and later Secretary of State.
Washington DC real estate development news
Saturday, February 20, 2010
Del Ray Residences to Open Soon
8
comments
Posted by
Ken on 2/20/2010 01:07:00 PM
Labels: Alexandria, Clark Construction, Del Ray, Heffner Architects
Labels: Alexandria, Clark Construction, Del Ray, Heffner Architects
Alexandria's newest residential building is almost complete, as the developer puts the final touches on Mt. Vernon Commons, a 141-unit apartment building in Del Ray. By April, developer Mount Vernon Commons, LLC hopes to finish the "neo-contemporary" building at the intersection of Mt. Vernon and Commonwealth Avenues for a spring opening.
The apartments replaced 11 commercial spaces, for which it will partially atone by adding a small retail space to the ground floor. Though originally conceived as green condominium, the developer is not pursuing LEED certification for the project, which will consist of leased apartments rather than for-sale condos. The three to four-story wood-framed superstructure will sit on top of a two-level parking garage. To enhance the design, the developer is also planning a public art piece at the intersection.
According to architect Jim Heffner of Heffner Architects, "the biggest challenge of the project was the site itself," sitting on a narrow wedge of land with a 20-foot change in elevation, peaking at 100 feet in width, that had to accommodate a triangular cut-out in the middle. A townhouse design will help the project transition away from the adjacent single family residences, and the facade will incorporate "metal skin components unique to wood framed buildings."
The residences were devised by Carr Homes, which later sold the project to its current owner, a process which entailed significant delay in its delivery. Heffner is also the architect of Penrose Square and Rhodes Hill Square, both now under construction. Clark Builders Group is the general contractor.
Alexandria Virginia real estate development news
The apartments replaced 11 commercial spaces, for which it will partially atone by adding a small retail space to the ground floor. Though originally conceived as green condominium, the developer is not pursuing LEED certification for the project, which will consist of leased apartments rather than for-sale condos. The three to four-story wood-framed superstructure will sit on top of a two-level parking garage. To enhance the design, the developer is also planning a public art piece at the intersection.
According to architect Jim Heffner of Heffner Architects, "the biggest challenge of the project was the site itself," sitting on a narrow wedge of land with a 20-foot change in elevation, peaking at 100 feet in width, that had to accommodate a triangular cut-out in the middle. A townhouse design will help the project transition away from the adjacent single family residences, and the facade will incorporate "metal skin components unique to wood framed buildings."
The residences were devised by Carr Homes, which later sold the project to its current owner, a process which entailed significant delay in its delivery. Heffner is also the architect of Penrose Square and Rhodes Hill Square, both now under construction. Clark Builders Group is the general contractor.
Alexandria Virginia real estate development news
Friday, February 19, 2010
Making Metro Pretty(ish)
Two metro stations will soon get a much needed touch of culture when the public art, approved at Thursday's Metro Board of Directors meeting, is installed. Farragut West and Takoma Metro stations will get new art installations as Metro tries to encourage ridership, make the commute a little less drab and support the arts.
The south entrance of Farragut West (17th and I Streets NW) will get its cultural infusion from artist Michael Sirvet, whose work was recently featured in DC's Artomatic. The artist designed low-relief "botanically inspired" aluminum and LED light sculptures to light the walls at the top of the escalator. The art at Farragut West will be funded by the DC Arts Commission and the Golden Triangle BID, WMATA will pay for upkeep.
The Takoma art work will be on display at the Metro's underpass. Artist Sam Gilliam created an abstract mosaic tile mural, which the DC Commission on the Arts and Humanities will fund and donate to WMATA. There will be no costs to metro for the upkeep of the Takoma installation. Metro worked with the partner organizations to select the winning pieces that will be featured in the District.
Washington DC real estate development news
The south entrance of Farragut West (17th and I Streets NW) will get its cultural infusion from artist Michael Sirvet, whose work was recently featured in DC's Artomatic. The artist designed low-relief "botanically inspired" aluminum and LED light sculptures to light the walls at the top of the escalator. The art at Farragut West will be funded by the DC Arts Commission and the Golden Triangle BID, WMATA will pay for upkeep.
The Takoma art work will be on display at the Metro's underpass. Artist Sam Gilliam created an abstract mosaic tile mural, which the DC Commission on the Arts and Humanities will fund and donate to WMATA. There will be no costs to metro for the upkeep of the Takoma installation. Metro worked with the partner organizations to select the winning pieces that will be featured in the District.
Washington DC real estate development news
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