Monday, April 19, 2010

Northwest One to Get First of Many Affordable Housing Projects

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This summer, construction may at last begin - fingers crossed - on Northwest One's first residential project, the SeVerna. Mission First Development, The Henson Development Company and project sponsor Golden Rule Apartments, Inc. (GRA) are working with architects Grimm + Parker to build 60 residential units to replace the former Golden Rules Center that occupied the site until its demolition in early 2009. The empty lot will be developed in phases, beginning with a 100% subsidized project at First and K Streets, NW. Phase 2, a 120-unit highrise, is still a distant vision.

The housing project falls within the District of Columbia's exulted Northwest One rebirth zone, though the site is privately controlled and not subject to the District's land disposition agreement made with developers of neighboring properties. Golden Rule Apartments, Inc. is an affiliate of nearby Bible Way Church, which owns several plots in the Northwest One neighborhood. The site at stake here formerly offered low-density housing, community center and grocery shared by nearby Golden Rules Apartments, a subsidized multi-family project the Church recently rehabilitated. The church began sponsoring affordable housing in the Northwest One community in the 1970s.

The site is also adjacent to the District-owned Temple Courts apartments, demolished by the District in December of 2008 to make way for its own Northwest One plans; namely, the first stage of its New Communities Initiative, which "provides resources so that the community, in partnership with public and private entities, can work to transform highly concentrated low-income neighborhoods into healthy mixed-income neighborhoods." The government's Northwest One initiative aims to bring more than 1,600 residential units to the former site of Temple Court and crime-ridden Sursum Corda Cooperative (picture, at left), which D.C. bought out in mid 2007, and turn the area into a model of affordable development. Sursum Corda (Latin for "lift up your hearts") was, it should be noted, designed for the same purpose, i.e., as a cooperatively-owned urban refuge to promote ownership and civic pride.

The District has already constructed the Walker Jones Education Campus, a school and recreation center, as the first installment of the $700m development. In October 2009, development partners Banneker Ventures and William C. Smith & Co. announced that the next phase of Northwest One, 300 units of housing, 30% of which would be subsidized, to replace the vacant parking lot at the intersection of North Capitol and Patterson Streets. The team announced that construction would begin this spring, though so far it has not.

The neighboring GRA project is asking for as much as $995,000 in tax credits from the District to build the project. The developers are working with PNC bank to finance the debt and equity for the project; gap financing of $1.9 million will be provided by the Deputy Mayor for Planning and Economic Development's New Communities Initiative. The total project costs will be $15.5 million with just over half, $8 million, coming from private sources.

GRA reports that its SeVerna development is moving forward with its portion of the Northwest One Initiative, 60 residential units, broken down into 48 mid-rise units and 12 two-over-two townhouses. According to Zak Schooley, a Project Designer with Grimm + Parker, the 70's era Golden Rules Center "turned its back on the community" and "wasn't successful" because of its purposeful architectural seclusion. Though the project is affordable, the architect says the mistake won't be repeated. The "goal is to begin to make this area more up and coming." You will not find any vinyl siding, according to Schooley. Instead, the architects will use "fiber cement siding and brick...to improve the aesthetics of the area." Though the interiors will not be "overly lavish" the project will be "very nice compared to what used to be on the site." Faint praise, maybe, but still an improvement.


The units will be affordable at 30 and 60 percent of the Area Median Income (AMI) with many going to former residents of the Golden Rules Center and Temple Court Apartments thanks to a right of return agreement signed by the developers of projects within the Northwest One New Communities Initiative. Yvonne M. Williams, Chair of the Board of Trustees of Bible Way Church, said, "as far as I know, we may well be the first development [in Northwest One] that will enable former residents to come back."

According to Elizabeth Askew, Project Manager for Mission First Development, the team "hopes to close on financing and begin construction this summer." The general contractor for the first phase is Maryland-based Hamel Builders.

Washington, DC real estate development news

Saturday, April 17, 2010

Historic Gales School: The Anti-Shelter?

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Though the Fenty Administration is keeping mum on the names of the Gales School RFP respondents, two of the three submitting teams have provided DCMud with details of the projects they hope to build on the visible and historic downtown site.

The Central Union Mission, which now operates out of Logan Circle, has plans to match the service they now offer nearby, expanding from 135 beds to at least 150 beds for the men's Christian homeless shelter. The Mission plans to add to the rear of the building with a design by Cox Graae and Spack Architects of Georgetown, a build-out that would allow for kitchens and extra classrooms.

Meanwhile, a joint venture between Ready, Willing & Working Inc. (RWW), the Doe Fund Inc. and Building Partnerships also met the RFP deadline in March. The RWW team has proposed a conversion into a facility providing housing and job training for upwards of 100 homeless and formerly incarcerated men. The RWW program currently supports only 20 men at a time, without housing, in its undersized trailer on the grounds of Union Station.

According to Patty Brosmer, President of RWW, her team offers "not just an overnight shelter," but rather a "more comprehensive" solution with plans for a "long-term shelter and opportunity center," with men receiving on-site training and support. RWW partners with local Business Improvement Districts (BIDs) to provide the men with a job and income. "The biggest thing we can do for the homeless is give them job opportunities," said Brosmer. Generally men remain in the program for 9-12 months, during which time - ideally - they learn a new skill, save money, and ultimately move on to affordable housing and stable employment. Brosmer said that with a waiting list of 150 names, there is no shortage of men seeking help from RWW.

With Bonstra Haresign Architects designing the project, the RWW team intends to transform the Gales School from its current state as "a hole in the urban fabric" into a vibrant new "Center for Opportunity." According to a press release, the architects plan to "respect and preserve the dignified character" of the 120-year old building. The exterior masonry will be restored and fitted with historically correct windows, and the four chimneys along the roofline will be restored, plans that must go before the Historic Preservation Review Board. The new interior will feature a "state of the art kitchen" for teaching culinary skills, conference and training areas, and of course beds. The Gales School Center will have "great food and a nice surrounding," making it the "anti-shelter" asserts Brosmer.

As far as financing goes, the New York-based Doe Fund has revenue-generating businesses, based on similar programs, that will help support some of the rehab and operations for the new center. RWW proposes that the District pay the organization to run the shelter. As Brosmer puts it, the District normally pays $25,000 to support one person in a homeless shelter annually, but this program, thanks to grants and other revenue, can do the same and give them job training for $17,500 a year. The best part, says Brosmer, is that after a year, the success rate is generally about 65%. Annually, she estimates, the program could save the District $1.5 million based on a 65% success rate.

Working with Harkins Builders, RWW is ready to "hit the ground running" claims Brosmer. "We'll have to secure some of the financing once we get the lease, but I believe it can be done from start to finish...in a year and a half."

Washington, DC real estate development news

Friday, April 16, 2010

Clearer Views at Clarendon

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The Views at Clarendon Corporation (VCC) is one step closer to realizing its vision for a 10-story affordable housing project in the center of Clarendon now that a U.S. District Court judge has dismissed a lawsuit against the Views at Clarendon on all counts. With a victory in hand, developers hope to start construction within months on 46 market-rate and 70 affordable apartments one block from the Clarendon Metro station.

Planning for the development began back in 2003, when the First Baptist Church of Clarendon conducted an assessment that soon lead to the vision for the subsidized apartment community, but has been mired in lawsuits almost since its inception. Several groups of parties have contested the development as a violation of the Establishment Clause in the U.S. and Virginia constitutions, and have fought the use of county tax dollars on a project that would buy land from the church - a struggle that has twice landed in the lap of the Virginia Supreme Court and was covered extensively recently by the Washington Post. While this week's ruling is expected to be appealed, the decision is a welcome ruling for the project's promoters.

The Bozzuto Construction Company began site preparation work in January, and developers expect the project will begin construction in earnest this summer. The legal decision comes 7 years and 5 lawsuits after the Church hired the Arlington Partnership for Affordable Housing (APAH) to consult on the need for affordable housing in the region, a study that culminated in the Church selling the land to a non-profit entity for $5.6m, with a set of plans for a 10-story building. The Church intends to use its funds, party derived from the sale, to purchase back two floors within the new development.

Nina Janopaul, President of APAH, says the ruling is consistent with fairness of the transaction. "There are many, many precedents for church and affordable housing projects, including the Macedonia project here in Arlington. We did the same thing there; in a slightly different set of circumstances...the church in this case gets compensation for the sale of its property, as is appropriate." Janopaul says the transaction was arms-length and did not disproportionately benefit the Church. "The sale price was well below the $14m appraisal for the property. That's pretty reasonable for a full acre of land in the heart of Clarendon...Clarendon literally has no affordable element in any of the new housing that has gone up."

Arlington developers face of choice of providing affordable housing or contributing to a fund for that purpose, some of which was used to provide a low-interest loan to the non-profit owner of the project. Janopaul says that while repayment of the loan to the county is always a struggle for a low-income housing provider, the market rate element of the Views will expedite that process. "Mixed-income properties are a little more robust in paying back those loans."

The residence is being designed by Arlington- based MTFA Architecture, Inc., which plans to achieve LEED Silver status for the project. Views at Clarendon will be operated by Bozzuto Management.

Arlington Virginia real estate development news

Thursday, April 15, 2010

Lower Georgia Avenue Pines for Development

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No one doubts that development throughout the greater Washington DC area has slumped. Minimal solace may be had knowing that DC is faring better than the rest of the nation, but even within DC some pockets seem destined to be condemned to all bust and no boom. Case in point: lower Georgia Avenue.

Despite much virtual ink being spilled on the development potential of the southern end of Georgia Avenue, the potential seems lost, as projects big and small fail to start. The same could once be said of the street's more northern leg, but thanks to recent projects like CVS (pictured, right), the District's RFPs and of course Chris Donatelli, Chris Donatelli and Chris Donatelli, the atmosphere is finally changing. But not to the south.

Park Morton and Howard Town Center are supposed to breathe life into the moribund boulevard, but neither project has begun. In fairness, Park Morton was only awarded in October 2009, though the timeline is still fuzzy and the District's budget to assist such projects is tight. The District's attempt to turn the Bruce Monroe school into a mixed-use project has failed, despite an RFP and ceremonial demolition. Even smaller renovations appear non-existent, with streetfront stores a window to DC's past.

For-sale lots sit vacant. The owner of a lot at the corner of Georgia Avenue and Kenyon Street in NW, is looking to sell his land and plans for $1.4 million. The property had been in the hands of Carthage Development, which asked $3m for the land and plans. 3205 Georgia Avenue LLC then purchased the lots in 2007 for a combined total of $1.4 million, but over two years of interest payments later, planning for a mixed-use project left the owner with construction permits in hand, but no construction. Designs call for a 21,000 s.f., five-story, matter-of-right development with retail, second floor office space and 18 residential units on the third through fifth floors in a building designed by Maiden and Associates.

Just to the south at Hobart Street, another vacant block long sported a for-sale sign until Howard University sold the lots in November to 2910 Georgia Ave LLC for $560,000. Now permits have been filed for a 22-unit four-story residential building with 11 parking spaces. As far as permitting goes, the project is on track, though the status of financing is always a guessing game.

Slightly to the north is another planned residential development, The Heights, which sits at 3232 Georgia Avenue, just down the street from the planned development at Park Morton. Despite inklings that project partners Neighborhood Development Company and non-profit developer, Mi Casa, Inc., were looking for a general contractor to begin construction this spring, work has yet to begin. The new, six-story, almost 86,000 s.f. project is among the more promising in the area.

In a neighborhood with so many potential projects, something may yet give, and the start of one large projects may be the shot heard round the city. But for now, long, hard fought battles for each development will be the way of lower Georgia Avenue.

Washington, DC real estate development news

Wednesday, April 14, 2010

NoMa's Constitution Square is Green, and Now Gold

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Constitution Square, NoMa's largest mixed-use project, received a Gold ranking today from the U.S. Green Building Council (USGBC). The project was awarded an enviable Gold ranking in the LEED ND category for sustainable neighborhood development.

But don't think of waterless toilets and recycled material; the "ND" standard is a fuzzier version of the older sustainability rankings. Rather than rate only the physical building, which can only be evaluated after construction completes sometime this summer, ND instead ranks the overall sustainability of the development with respect to potential impact on the surroundings. Factors that go into the certification include street width and building height, with an emphasis on mixing uses that allow more integrated living. According to the USGBC website, the system "integrates the principles of smart growth, urbanism, and green building" into one rating. Alicia Call at HOK Architecture adds that the ND ranking "its a little bit more stringent than the other rating systems...but with a focus on community development." In short, the ranking is an endorsement of Metro-oriented, mixed-use, sustainable construction.

Liz Price, President of the NoMa BID, says Constitution Square is one of the first ND-approved projects in the country, having been part of a pilot program to factor location and neighborhoods into green techniques and to "look beyond the footprint of the building." Price says the BID and DC's Office of Planning promoted NoMa to the USGBC as a candidate for the pilot, and that Constitution Square was the obvious choice within NoMa, being the largest development in the neighborhood and one DC more ambitious projects.

The project broke ground in April of 2008, a joint venture between Bethesda-based StonebridgeCarras and Walton Street Capital, which acquired the land in early 2006. The development will include a 206-room Hilton hotel, 440 apartments, and 340,000 s.f. of office space in 5 buildings, including a new Harris Teeter. SK&I Architects designed the residential space, which will begin renting this summer and will deliver by August, according to Doug Firstenberg, a Principal with StonebridgeCarras. Office tenants will begin taking delivery next month. Planners hope the buildings themselves will also qualify for LEED Gold certification, with the outside chance of a Platinum ranking. The office space in Phase I is 100% leased, with only about 4000 s.f. retail space remaining up for grabs.

Bethesda-based Clark Construction is performing construction.

Washington DC real estate development news

Watch Out Cosi, Panera is Coming to Dupont

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New construction plans for a Panera in Dupont Circle make it look like DC will have a suburban sandwich/coffee shop turf war spilling into its confines late this summer. That's right, Cosi, Panera is coming to the District. The plans call for interior build out of an existing store front, currently occupied by Lawsons Gourmet, at 1350 Connecticut Avenue, NW, directly next to Cosi.

According to Tobias Washington, a Building Manager for landlord PNGS Management Company, Panera will take over occupancy on June 1st. Construction and build out should take 90 days. Plans call for a space with over 100 seats inside and 35 outside. This will be Panera's first store inside the District.

Panera is seeking a local general contractor to perform the build out of the 5,088-square-foot restaurant to include a dining area, kitchen, service counters, storage space, and restrooms. The bid for the $250,000 project went out on April 13th and are due May 12th.

Washington, DC real estate development news

Future Starchitects Redefine Eastern Market Metro Plaza

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If you add up their respective ages, they barely break 100, yet five Catholic University School of Architecture and Planning seniors are proving that the one about “age and wisdom going hand in hand” may be a tired old adage at that.

Masterminding a radical redesign proposal for the Eastern Market Metro Plaza for their senior Comprehensive Building Design Studio (CBDS), in which faculty-directed student teams form “architecture firms” and compete against other “firms,” Connor Smith, Ron Elmo, Scott Gillespie, David Edwards and Chloe Rice are approaching their studio project in true “Vitruvian” style.

“Architects in general need to know a little bit about everything,” said Rice, a former politics major and daughter of a New York architect and landscape architect. “In his Ten Books on Architecture, Vitruvius said we need to know history; we need to know physics; we need to know everything.”

Left Brain Right Brain

Applying those principles to their work, the five students - who named their firm GEERS Architects (an acronym of the first letters of their last names) - parlayed a $100,000 DDOT-funded proposal to build a 1,000 s.f. information hub for the Eastern Market Metro on a tired and defaced triangular park site diagonally across from the Metro station, into a different concept entirely. Recognizing that the 50,000 s.f. site also had the
potential to include exquisite but low maintenance grasses and gardens (including a meditation garden), Japanese Maples, flowering trees, a sustainable water harvesting system, bike hub and coffee bar, the students expanded their design in this regard and also determined it should encompass a site of similar size and dimension across the street. In short, what was initially a plan for a single information kiosk, which Rice quipped usually looks like a “space ship” that has been dropped onto a site, would become a 100,000 sf oasis - or urban destination - replete with lush landscaping and key lighting for safety during nighttime use.

“These spaces are very open but there are dark areas and someone had to have time to mess up those benches,” said Michigan native Dave Edwards, who’d originally come to the university for a summer program as a high school junior. Pointing to remnants of a heavily vandalized park seating area, Edwards and company emphasized that a comprehensive lighting system could also serve to connect the two Eastern Market Metro Plaza sites to surrounding restaurants, Barracks Row and Capitol Hill.


Confluence of Clients

“When DDOT came to us, in their eyes they had one client, and that was the tourist,” said Ron Elmo, a Philadelphian who admitted he was equally smitten with art and business, which propelled him into architecture. “But we soon realized that the other client was the resident,” he added, noting part of the design studio process for them as seniors is to learn to interface with the community: to work with the varied clients and agendas a professional architect might face.

Per studio director and Visiting Assistant Professor of Architecture Rauzia Ally, area residents and businesses are truly on board with the depth and scope of the expanded Eastern Market Metro Plaza Project. It is also possibly the first CBDS project that could bridge the gap from concept to reality, with DDOT funds to be supplemented by the community. Ally said that construction documents and permitting will be addressed during the summer, with a projected autumn build date if everything is on course. “This community is very active, so they don’t feel they’ll have a problem raising the rest of the money,” Ally said.

A Little Competition

In addition to GEERS architects, 17 other student firms have considered the Eastern Market site, each creating their own buildable architectural design proposal, according to Scott Gillespie. Raised in New Jersey where he and his father were card carrying disciples of “Bob the Builder,” Gillespie says, “In freshman year, they told us that architects design the stage that people live their lives on. When you’re designing, you’re creating spaces, and I always try and picture what it would be like to walk through that space, as I did with Eastern Market.”

According to Connor Smith, “architecture changes your perception of everything around you.” A Manhattan resident with New Jersey roots, Smith was bitten by the architecture bug during a high school year abroad studying art and architectural history at Cambridge University. He is credited by his GEERS peers for generating the site’s more sustainable moves, including the use of materials such as Turfstone in its water harvesting system and a green roof for the information hub.

And The Envelope Please
On May 6, celebrated architects from around the U.S. will come to CUArch to select the winning design – or designs – with a composite design not out of the question in terms of proceeding with the execution of the project. Overall, Gillespie said, “It’s nice to see the community is thinking what we’re thinking.”

Tuesday, April 13, 2010

Debonair Student Housing in Woodley

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Woodley Park real estate, Washington DCJust when Woodley Park residents thought they were safe from college kids, tucked safely across the bridge from rowdy Adams Morgan, a new development, the Debonair, will bring the college students right to their doorsteps. Debonair, by developers Ashbourne Developments, will bring 11,000 s.f. of student housing to 2608-2612 Connecticut Avenue, which currently sports a drycleaner and surface parking lot in the rear. Groundbreaking for the project is April 20th at 11 AM. Woodley Park real estateThe four-story residential building, directly next to the Woodley Park-Zoo/Adams Morgan Metro entrance, will have one level of parking, accessed from 24th Street. DCMud reported the project last June, but recently Boston University signed a long term lease for the apartment building as a home for its student interns. According to Crispin Etherington, founder of Ashbourne Development, "BU is currently located in a building two blocks away and several other universities have housing in the Woodley Park area." In a press release, project architect Todd Ray of Studio27 Architecture said, "the building is designed to complement the existing urban fabric." The structure is described as having an "historically influenced limestone and brick" facade with "three bays of oversized balconied windows." The owners of the Debonair Cleaners at 2610 Connecticut Avenue, NW, Shahram and Maria Taginya, hired Ashbourne in 2009 to create a residential building directly behind their storefront. The cleaners will stay in place during construction and a neighboring space has been leased by an unnamed Italian restaurant, which will open late summer 2010. The student housing construction is expected to be ready in time for the spring 2011 semester. Monarc Construction will serve as general contractor. 

Washington, DC real estate development news

Wheaton Considers 18-Story Metro Development

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Plans are finally taking shape in Wheaton to replace the existing Safeway and add as much as 500 residential units worth of new neighbors. The Safeway, across the street from the Wheaton Metro, dropped the idea of relocating to the AvalonBay development (a project now on hold) last fall and began working with developer Patriot Realty, creating concepts that are now starting to gel. New plans call for doubling the supermarket's size, adding retail and parking, AvalonBay Silver Spring real estateand building an 18-story residence in three towers. The newly developed, LEED-certified Safeway will displace the box building and large parking lot opposite the Metro entrance, adding retail, residences and 550 parking spaces to downtown Wheaton. Initial designs insert 140 parking spaces below grade that will service retail customers and 411 residential spaces on the 2nd, 3rd and 4th floors, accommodating residents. In an effort to hide the three-story garage between the retail and residences, the team plans to cover the garage in a skin that "fits in and doesn't necessarily look like a parking structure," according to Steven A. Robins, Patriot Realty’s attorney from Lerch Early & Brewer. Hord Coplan Macht is the Baltimore-based architecture firm planning the new building and designing the common spaces. 

Lee Driskill, a Principal with the firm and the lead architect for the project, says the mid-level garage will be blended almost seamlessly with the exterior of the upper floors. "The goal is to make the 3 levels of the garage meld with the design of the building. You will not see it." At least not from south or west, where most of the traffic runs. "This is still very conceptual, but its not going to be an open garage. The goal will be to make [the exterior walls] look integrated, potentially the majority of it will be glass. It will follow the design of the unit openings above" says Driskill. Ventilation will be likely achieved with screens on the less visible north and east sides. According to Driskill, the overall strategy is to break the massing along Georgia Avenue, separating the design into 3 vertical towers that are more apparent than actual, since structurally it will comprise one integrated, "tall and elegant" building. "The skin has been organized to have these three tower elements come to the fore." Though the county's Staff Report was largely favorable, controversy remains over the public space, an issue that could cost the developer $1m. Montgomery County requires a developer to either set aside 20% of the lot as public space, or contribute to a fund to purchase off-site space. In their review, county planners found little value in Patriot's planned outdoor space and "suggested" adjustments that removed it, a Wheaton commercial real estatechange that would effectively require Patriot Realty to buy into the off-site fund. At $35 per square foot, based on the assessed value of the land, that would cost Patriot $960,000. The modification irks Patriot, which blames county planners for the change, but, according to Robins, "it's just a question of how much it costs...and just figuring out how to pay for the land; whether its the land value or the cost of improvements." Its only money. The Wheaton Safeway development will face Preliminary and Project Plan Review this week where the Planning Wheaton real estate development newsBoard will consider the "favorable" staff report, said Robins. After that, "we still have to get Site Plan approval...hopefully we could begin construction early next year." The county will take up the issue at its next meeting on Thursday. Patriot previously built 8045 Condominiums, Crescent Condominiums, and the Portico apartment building, all in Silver Spring. 

Wheaton Maryland commercial real estate development news




Monday, April 12, 2010

Montgomery County to Update Zoning Codes

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Zoning codes might not be as sexy as bike lanes or streetcars, but they lie at the core of development and impact the rate and type of growth. With that in mind, Montgomery County Planning is reworking its zoning codes, last updated in 1977, to get rid of outdated terms and rules and to include tools for today's development world, like sustainable building and metro-oriented development. Since 2008, the planning staff has been meeting with stakeholders, doing a little self-assessment and working with consultants to identify changes and additions. On April 20th and 21st the community will have the opportunity to participate in the Zoning Code Rewrite project.

At a Planning Department information session for the media today, planners were quick to make clear that only 2.6% of the County would actually see substantive zoning change; the majority of changes will take place in current commercial, mixed use or industrial zones (i.e. don't worry your single-family residential heads). As one planner said, only 4% of the County is really left to develop, so changing zoning will help contain and sustain growth. Another goal of the rewrite is to consolidate and simplify land use. At present, the code still has designations for foundries and abattoirs (slaughterhouses) and has two separate codes for mini golf ("Golf Courses, Miniature" and "Miniature Golf"). The plan is to reduce the number of allowed uses from 433 specific uses to 120 broad categories.

Additional changes would allow the incorporation of sustainable practices in Montgomery County development by wording codes in ways that are more inclusive. The staff is seeking public input on potential sustainable practices and how they can be tied into growth policies. Along the same vein, but a goal of its own, is a proposed re-evaluation of parking requirements - where, how much, and incorporating bicycles.

The department plans to begin drafting the new code in May after taking into account public input. After a year of writing the code and working through related policy issues, the team hopes to have a complete code ready for public review some time between July and September 2011.

Montgomery County, MD real estate development news

Southwest Safeway: Hello, Goodbye

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While neighbors bide their time, waiting for a new Southwest Safeway to open at Waterfront Station, the old Safeway will likely stick around a little longer; at least its corpse will. Developers have now applied for a raze permit for 401 M Street, SW, beginning the process to demolish the old building. The store closed its doors for good April 6th and the new Safeway will show its wares to new neighbors with a "sneak peak" on the 15th and grand opening on April 16th.

According to Craig Muckle, Spokesperson for Safeway, the team does not expect demolition to begin until sometime this summer, though an adjoining wall between the old and new stores will come down prior to the new store's opening.

Safeway's newest store at the Southwest Waterfront Station will bring relief to residents who have long complained of the lack of necessities, such as bread and milk, that were routine.

Waterfront Station will also include new space for a CVS and Bank of America, as well as an additional 85,000 square feet for restaurants and “neighborhood service-related” retail. The project is a joint venture between Forest City Washington, Vornado/Charles E. Smith and Bresler and Reiner, Inc., and will add more than 2.5m square feet of new development on the site.

Washington, DC real estate development news

Friday, April 09, 2010

60 L Street NE: Fashionably Late

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Noma Washington DC real estate developmentWhile many NoMa developments have begun construction, some are even built and signing leases, Camden Property Trust's planned project is going to sit on the sidelines a little longer. Camden will go before the Zoning Commission next week to seek an extension of the February 2008 approval for a 14-story mixed-use building at 60 L Street, N.E. The two-phase project could ultimately bring 682,000 s.f. of residential and retail space - more than 700 units of housing - to the NoMa neighborhood. In March 2008, DCMud wrote about the "imminent groundbreaking" at Camden USA's site, with work on the first phase scheduled to be completed in late 2010 and the second phase to follow shortly thereafter. Or not. Camden Property Trust apartmentsCamden will build the WDG Architecture-designed development in two phases, breaking ground first on the south side of the block to construct a 319-unit apartment building with ground floor retail. Phase two will add roughly 407 residential units to the mix, and roughly double the amount of retail space. Camden will also build more than 450 parking spaces in a three-level underground garage. When built, the project will squeeze in between NPR's yet-to-be-built new headquarters at 1111 N. Capitol Street to the west and Tishman Speyer's dual phase office projects at 1100 and 1150 First Street to the east. 1100 First is the only one of the neighboring projects to deliver so far. The project will also sit close to Archstone's buildings across Pierce Street to the north and Trammell Crow's Sentinel Square II-V to the south. Washington DC real Estate for saleThe site was a hot commodity in 2007, switching hands three times in as many months. First 60 L Street belonged to J Street Development and was called “First Place”; it was then sold to Tishman Real Estate Services, which then quickly sold it to Camden USA in February 2007. Since purchasing the site for almost $44 million, Camden has sat on the NoMa lot, biding time. Next week the developers will seek an extension on the approved zoning changes, so that when the time is right the project can move quickly. Mark Bucci, VP of Construction at Camden, said that "based on the economy, you know no real boost has occurred...we're looking at first quarter of 2011." Bucci said of the NoMa area "we're just very excited about all the activity that is going on there. That's what keeps our interests." As neighboring projects move forward, it looks like Camden will show up for the party fashionably late. 

Washington, DC real estate development news

Thursday, April 08, 2010

Mt. Vernon's Dumont Sells for $167 Million

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Today, the lagging and tangled fate of the Dumont was finally sealed, when Equity Residential acquired the property in a $167 million, all-cash transaction. The Dumont has sat at 425 Massachusetts Ave complete and vacant since the building was substantially completed in early 2009. Equity will be leasing the Dumont's 559 units as rental apartments, though the building was originally intended as condos.

Designed by Esocoff & Associates, the Dumont's sob story escalated in December 2008 when lender PB Capital issued a foreclosure to then-developer The Broadway Group, which had defaulted on the debt. Real estate sales by McWilliams Ballard began in April of 2006 and ended in September of 2008 with only about 150 of the 559 units sold; the project has largely sat vacant since that time.

Washington, DC real estate development news

Courthouse Condos: Someday, Somehow

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Clarendon, Arlington real estate, courthouse, Elm StreetThe on-again, off-again residential project at 2000 Wilson Boulevard, no, make that 2001 Clarendon Boulevard, is on again-ish. In December, Elm Street Development received an amendment to their plan for condos, no apartments, no condos - in the Courthouse neighborhood. The amended plan will increase the number of residential units from 141 to 154 and slightly reduce ground-floor retail, keeping it in the 30,000 s.f. range. And yet construction is unlikely in the near future. Arlington Virginia commercial real estateJim Mobley, VP of Elm Street, said the amendment covered minor "tweaks" to the plan and that the group is working with WDG Architecture to update the them accordingly. Mobley expects to finish the revisions over the next six months, though construction is "financing dependent." The developers initially planned construction in late 2007, for what was first intended to be a condominium project, but in October 2008 was switched to apartments with an open-ended 2010 completion target. Now Mobley said about the units "we are looking at them being condos," though he did not venture to give any concrete start dates. Formerly home to a Taco Bell and neighborhood bar, Dr. Dremo's, having been demolished in late 2008 to make way for...something. The development is bounded by Wilson Boulevard, North Rhodes Street, Clarendon Boulevard, and North Courthouse Road, and carries a street address of 2001 Clarendon Boulevard since the building fronts Clarendon.

Arlington Virginia real estate development news

Wednesday, April 07, 2010

Future of 14th and R Still in Limbo

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The ever-changing plans for the site of the former Central Union Mission will go before Zoning this month for an extension to an approval granted in May 2008. The project will sit directly across the street from a planned seven-story residential development, each hugging their respective corners on 14th and R Streets NW. Developer Jeffrey Schonberger of Alturas Real Estate Interest planned a mixed-use retail and residential project, then an office building, and most recently for a large-scale retail space once rumored to have caught the eye of CB2 (Crate and Barrel's "cheaper" offspring). Whatever it is he's bringing to the Logan area, he needs more time, given the economy and the quandary of Central Union Mission. Schonberger entered into a purchase agreement for the property with the Mission in 2006. The developer owned property in Petworth which was swapped for the Mission's 14th street site as part of the sale agreement. Schonberger woudl also pay upwards of $7 milllion for the Logan property. The final sale, however, is contingent on the Mission's ability to relocate its shelter services. Initially the Mission sough to build a 100-bed homeless shelter in Petworth, to which neighbors responded with a resounding no-thank-you-very-much. With Petworth no longer an option for a shelter, the Mission sought to make a deal with the District for the Gales School, only to be derailed by an ACLU lawsuit. At this point, Schonberger's plans for the former automobile showroom began to unravel. Now the development team is going before the Board of Zoning Adjustment to ask for an extension to various zoning exceptions granted in May 2008. Some of the exceptions related to the historic building on site, which the Historic Preservation Review Board ruled had to stay, meaning future development will entail a reuse of the former auto showroom, likely with additions. 

 The developer also seeks to renew the exceptions to the arts use and design requirements to allow a mixed-use residential and retail development despite the requirements that 14th street have a balance of uses that favors the Arts. Any project will be required to have ground floor retail, though the rest is up for debate.A source familiar with the project indicated that no decisions had been made on the eventual use of the property (i.e. commercial or residential) since the project is "so far from development" and the Mission has not yet relocated. Assuming Zoning grants the extension, the developer will have a year to breathe before having to file for construction permits and another year after that until work needs to be under way. Two years might be enough time to tie of up the Mission's loose ends. To date, DC public records still reflect the deed to the property under the Mission's name. Wonder who Schonberger is rooting for in the new Gales School RFP contest? 

Washington DC real estate and development news
 

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