Friday, March 25, 2011

Design for the Sky, Earth and Sea: BAE Systems

0 comments
By Beth Herman

With recruitment and retention high on the agenda for the Rockville, Md. office of UK-based global defense, security and aerospace company BAE Systems Technology Solutions and Services, Inc., 520 Gaither Rd., creating an efficient, sustainable workplace for seasoned talent and newly-minted staff was only the beginning.

At more than 105,000 employees worldwide, the 574 submarine and missile infrastructure development staff occupying a dark, antiquated building north of the site had outgrown its outmoded former space in many ways. Retaining DBI Architects, Inc. to transform a newer 140,000 s.f. building in Redland Corporate Center at King Farm into a space that would unite workers through technology, and foster collaboration and an esprit de corps through its design and amenities, BAE Systems was also committed to reducing its carbon footprint.

“It was challenging recruiting younger, just out of school employees with the old office space,” said Beth Rowles, DBI senior project manager, noting BAE Systems worldwide was in the process of implementing a company-wide LEED requirement, something members of a younger workforce expect. With a team that included lead designer Elizabeth Blunck and designer Ann Robinson, and employing BIM in its design protocol, the architects sought to manifest BAE Systems’ métier through a sleek interior design of the six-floor structure, with a nod to the earth and natural light a high priority.

To that end, elements such as aluminum ceiling panels used to provide texture and depth to walls, not ceilings, articulated sleek, high-tech materials the company sees in its submarine and missile work. Wood wall planks and ceiling panels, and a color palette that included the cool grey of space along with blue accent colors at workstations, copy rooms, lounges and accent walls on each floor, were redolent of earth, air and sea products and services BAE Systems – reportedly the world’s largest military contractor by sales revenue – encompasses.
With 80 percent open workspace and universal office planning on its dance card, the client opted for just two workstation sizes and three office sizes. In this respect, the design precludes a constant reconfiguring of space as employee numbers increase or decrease. Work stations display lower panels so staff has access to natural light from perimeter windows while seated at their desks, with light channeled to the center of the space on all floors.

On three floors, a conference room abuts break rooms with a primary conference center, also used for training, on the first floor. Two Skyfold partitions in the main conference center divide it into three separate spaces when necessary, though for all-hands meetings, conference rooms on all floors are connected audio-visually via flat screen LCD TV’s.

Ceramic floor tiles with recycled content, LED lighting in some areas, abundant and concealed trash and recycling components, bike racks and lockers, and close proximity to an adjacent building’s shower facilities and locker room inched BAE Systems up the LEED ladder, along with other sustainable steps, resulting in recent LEED Silver certification.

“We exceeded the initial LEED expectation,” Rowles said of the firm’s achievement, noting their brush with Gold.

Thursday, March 24, 2011

Hilton Garden - NoMa's 2nd Hotel Opens Late April

3 comments
The Hilton Garden Inn will open April 22nd in NoMa, the second hotel in the burgeoning neighborhood, offering the area's only sit-down dining room, named Watershed (see menu in the link), headed by well-known D.C. chef, Todd Gray of Equinox.

This is especially good news for residents of The Flats 130 (of which 31% of 400 apartments are leased) Loree Grand at Union Place (of which 77 % of 212 apartments are leased) and Senate Square Towers (of which 95% of 432 units are leased).

As part of the first phase of Constitution Square, StonebridgeCarras was among the most bullish developers in NoMa. Their projects include the recently opened, 50,000 s.f. Harris Teeter in One Constitution Square at the corner of 1st and M Streets N.E., The grocery chain signed a 20-year lease for the site with Stonebridge in 2009. Constitution Square will also house 440 apartments, 905,000 s.f. of office space, and an additional 30,000 s.f. of retail. StonebridgeCarras broke ground on the hotel in 2008.


SK&I Architects designed the core and shell of the hotel, while Texas-based Paradigm Design helmed design of the interior (see renderings) for the 13-story, 204 room hotel which offers a fitness center, indoor pool, jacuzzi, free wi-fi, and adjustable beds. Lisa Haude, President of Paradigm, said the hotel is, "very clean, contemporary, and simple." The lobby showcases wood paneling and a floating glass staircase, with an aqua-blue, beige, taupe and ivory color scheme with wood accents. Todd Gray's Watershed offers and intimate bar area with a casual, open dining room with communal bar height and standard tables and booths as well as patio seating.

Washington, D.C. Real Estate Development News

Wednesday, March 23, 2011

CityCenter DC Site Under Construction

8 comments
Preliminary work is underway on CityCenterDC, as construction crews arrived yesterday with earth movers and heavy equipment, installing fencing around the site in anticipation of a more public announcement and official groundbreaking in the coming days. The project's plan for nearly 700 units of housing, 185,000 s.f. of retail, 520,000 s.f. of office space have been gestating for years, and developers have been holding firm for nearly a year that this spring will mark the project's birth. Still, developers at Hines had declined in recent months to be any more specific about timelines, until announcing recently an April 4th commencement date.
But yesterday, construction crews began installing fences around the perimeter (even covering the sidewalks), with large earth movers and construction trailers bearing the Clark insignia beginning to cover the entire site. Get ready for a public ceremony soon.



Washington D.C. real estate development news

American University Submits Expansion Plans

5 comments
American University has officially submitted its decadal vision of growth to the Washington D.C. Zoning Commission for review. The AU Campus Plan has been the subject of two years of public comment which have, predictably, shrunk its size and density, but which increases enrollment from 10,200 to 13,600, expands the campus across Nebraska Avenue and builds out AU's campus at Tenley Circle into a new law school.

The university intends a number of upgrades to its current campus, including $400m in construction and renovation projects, a further greening of the campus and construction that aims for "carbon neutrality" by 2020, and a consolidation of student housing into new buildings, drawing more students in from the neighborhoods.
The largest, and most controversial, portion of the proposal is to turn the 8-acre surface parking lot at Massachusetts and Nebraska into a 6 building mini campus with housing for 770 students (down from 1000), administrative offices (placed strategically between student housing and the gated townhouse community next door), and small scale retail fronting New Mexico Avenue ("primarily to serve university needs"), 329,000 s.f. of development in all. The plan has had some AU Park and Spring Valley residents atwitter, particularly given the Department of Homeland Security's plans for a major expansion directly across Massachusetts Avenue. The new "east campus" will front New Mexico and Nebraska Avenues, leaving surface parking along Massachusetts for a later "signature" building, something like the gangly Katzen building on the north side of Ward Circle.
Earlier versions of the plan held open the possibility of more retail, an idea that created controversy at some meetings, but which numerous AU Park residents thought would be welcomed. "I drive from Tenleytown to Bethesda or to Cleveland Park if I want to get out and walk, those of us that choose to live close in deserve better, closer options" said a local resident who asked not to be identified. Earlier plans floated the idea of additional retail along Nebraska, but that was nixed in favor of a plan for 14,400 s.f. of retail along New Mexico Ave.

AU also plans to move the law school from its Spring Valley facility in the hinterlands of northwest to its current campus on Tenley Circle, providing metro access for the average peripatetic student, a change that will seem positively urbane for the students that have experienced the gulag of the Spring Valley campus.

At the same time, the university will decamp 497 of its undergrads from Tenleytown to the main campus to make room for the aspiring litigators. The general footprint of the Tenley campus would change little, though the bland mid-century architecture would be replaced by new (and possibly bland) designs. American University has shouldered most of the design process internally, with McKissack & McKissack contributing to some design and graphic elements, though designs for the buildings have not been fleshed out.

University Architect Jerry Gager says the initial renderings supplied for the report are "suggestive of the bulk and massing" of the buildings and "clearly placeholders, not meant to evoke any sort of design style." Eventual building design on the east campus will be handled by Little Diversified Architectural Consulting, the Tenley site will be handled by SmithGroup. The timeline is still dependent upon zoning approval, but the school hopes to start work on the east campus housing in mid 2012 and open in the fall of 2014, and start work on the Tenleytown campus in mid 2013 and open in the fall of 2015.

Washington D.C. real estate development news

Barracks and Castles and Gardens

5 comments
On Thursday night's calendar of the Historic Preservation Review Board (HPRB) is a plan regarding the ongoing construction of an 8th Street Bavarian beer garden at 720 L Street S.E., on the heels of last month's raze application from the National Community Church for the Miles Glass site at 8th and Virginia, where it plans to build what will amount to its headquarters.

While these may represent ordinary changes in Barracks Row, it's the beginning of a series that will include the transition of behemoth The Blue Castle - formally known as the Navy Yard Car Barn - a 99,000 s.f. space that its developers intend to eventually turn over to retail.

This significance of the change on the street is not taken lightly. Even The New York Times had taken notice last month.

The building, purchased for $25 million by Madison Marquette in 2007, now 100% leased, currently houses social service providers and charter schools. "We don't want word to get out there that we're changing something soon because we don't want to scare the tenants," said Retail Director Christina Davies of the Madison Marquette retail group. "They're great tenants."

And yet retail for the neighborhood has always been in the plans. The Blue Castle allows for a massive influx of retail to the area without having to build new construction. In its former life, the building was built in 1891 as the repair center for trolleys and street cars.

What is Madison Marquette waiting for? "The right tenant," said Davies. In the meantime, superstores and smaller businesses are actively courting the developers, they say. "We have the option for both," said Davies. "We can lease to a series of restaurants and banks, for example, or a big box client. We just haven't decided yet."

Davies cites high ceilings as a draw for superstore retailers or, say, a gym. But folks from the Barracks Row Main Street would prefer "vibrant ground level tenants," said Martin Smith, Executive Director for the organization. "We would like to see retail that engages with passers-by," he said. "That traditionally does not include big box stores. There are two levels to the building, however, which may be a terrific place for a big box tenant." Columbia Heights' DCUSA serves as an example, with smaller retail at street level, with Best Buy and Target on upper levels.

Earlier this year, Madison Marquette, ICP Partners LLC, Barracks Row Main Street and Capitol Riverfront District discussed possibilities in zoning changes for various projects. While all storefronts facing historic 8th Street SE will remain at 45 feet in accordance with the zoning overlay, Smith noted the possibility of back-end building expansions of 65 to 85 feet in height on a per project basis, amendments that would allow for bigger clients.

Also in discussion is a second restriction in the overlay of Barracks Row which requires that no more than 50% of available street frontage is allowed to have a liquor license. "This may not be a problem now, but it could be as we move forward," said Smith.

Washington, D.C. Real Estate development news

Monday, March 21, 2011

A Late-April Ground Breaking for Arlington's Buchanan Gardens Rehab

2 comments
Buchanan Gardens, the affordable housing complex built in 1949 that's seen better days, will get more than a facelift once ground breaks in late April. The entire building will be gutted and renovated over the course of the next eighteen months.

With a $10M construction budget, Arlington Partnership for Affordable Housing (APAH), Wiencek+Associates and Hamel Builders as the general contractor will orchestrate renovation that includes new plumbing, electric, floors, windows, insulation, roofing, mechanicals and, well, everything else. Though the building currently provides predominantly one-bedroom units, upon completion it will offer 23 three-bedroom units, 33 two-bedroom units and 55 one-bedroom units. There will also be an on-site community center and playground.

"Our mission is to preserve and update," said Nina Janopaul, CEO of APAH. "We want keep the residents here who currently live here, update the facility and keep it affordable."

The rehabilitation of Buchanan Gardens is one of several affordable housing projects by APAH, including Arlington Mill and Views at Clarendon.

Arlington, VA real estate development news

13th Street Hotel: Signs of Life?

14 comments
Though early plans, enthusiasm and controversy took off like a shot for 1310 U Street, plans for JBG Companies' Four-Star, U Street Hotel project fizzled with the economic downturn. Despite radio silence since 2009, the project is seeing early signs of resuscitation in the form of renewed design activity.

But surely a Goliath like JBG has access to the funding it needs, right? "JBG, like anyone else, had been affected by the downturn," said Matt Blocher, Senior Vice President of Marketing for JBG. Blocher did not confirm whether the project is now adequately capitalized, but that it's seeing signs of life is prima facie evidence that funding has arrived, and behind it, development.

Plans for the hotel are "actively in the design phase," said Blocher. Under the original plan, the hotel at the site of the Rite Aid on 13th at U Street was proposed as a ten-story LEED-Silver certified luxury hotel with 250 rooms, 23,000 s.f. of retail, and 4500 s.f. of conference space with an art gallery, spa and fitness center, restaurant and stacked parking. To appease community concerns, the planners trimmed it to nine stories when the building was called "a collossus" at an ANC meeting to suss out the plans. The Rite Aid that currently occupies the corner would be moved to the hotel's retail space. David M. Schwarz Architects was selected for the original design.

It will take awhile before the party starts: groundbreaking likely won't occur until the end of 2012. The scope of the project is what will account for the slow roll out, and the site will need to be rezoned, says Blocher.

JBG is also investing just a stone's throw from the proposed hotel, with the 125-unit 14th Street District Condo project for which initial demolition commenced this past January.

Washington, D.C. real estate development news

Saturday, March 19, 2011

Afirmar Argentina!

4 comments
Washington DC interior design journalBy Beth Herman
For Morrison Architects, renovating the baronial Argentinian Embassy wasn't their first rodeo. Located at the corner of 1600 New Hampshire Ave. NW and Q Streets, veteran embassy architect Eric Morrison said that per the original design, the unique angles of the site were manifested Embassy of Argentina, Dupont Circle, Washington DC, Morrison Architectsbeautifully inside the "proud and significant" structure. At the same time, the building was badly in need of a more contemporary office design, updated HVAC and electrical systems, energy efficient lighting, fire safety elements and cutting-edge technology, with the challenge to preserve as much of the original turn-of-the-century grace and patina as possible. "Everyone has visions of Buenos Aires with these old buildings," Morrison said. “The Ministry of Foreign Affairs’ (who is Morrison’s client) own building in Buenos Aires is a fantastic old building with top-of-the-line systems right now, so we wanted to do that. We didn’t mind if the old wood had high heel marks – maybe that was from the tango over the years,” he posited. Even so, Morrison said the structure had not been touched very much since it was built and in many places moldings, trim and cornices were clearly deteriorating. “It needed to be brought back to its original glory,” he affirmed, identifying Monarc Construction as a vital partner in the Embassy’s overall redesign, renovation and restoration.Embassy of Argentina, Washington DC Comenzamos (we begin) Initiated in 2006, a phased renovation of the approximately 40,000 s.f., four-story, 32-room occupied space involved deft relocation choreography of the ambassador, diplomats and support staff from floor to floor during construction. In both the Embassy and the ambassador’s residence, the latter of which the architects are just beginning to renovate, the piano nobile (or main floor) is on the second level. In the Embassy, this space is devoted to the ambassador’s office, his secretary’s office and a few Argentine embassy in Washington DC - design principalsmeeting or ceremonial rooms. The “newer” oval salon, a 1930s addition, is also on the second floor, with diplomats and support staff working one floor above. According to Morrison, when the time came for (now former) Ambassador Hector Timerman to move temporarily upstairs, in the end he’d become so comfortable on the diplomat’s floor with its new lighting, data communications and HVAC system upgrades he was reluctant to leave. Where lighting was concerned, original sconces and some of the older chandeliers were restored. Offices received suspended TA fluorescents by Lightolier that bounce light off the ceiling and also channel it to the bottom. According to Morrison, when the project was conceived, neither CFL’s nor LED’s were mainstream even to the point they are today. With energy efficiency naturally targeted, the building had an old gravity heating system and had not been designed for ducted a/c. The challenge, Morrison said, was to incorporate HVAC changes without ponderous bulkheads. This was achieved by either hiding ducts with built-in shelving on the ground floor to heat and cool it and the second floor, or by utilizing various leftover attic shapes and chases in the original plans, due to oddities from angles created by New Hampshire Ave. and Q Streets, to impact the third and top floors. 

Las Ventanas, colores, espacio y mas (windows, color, space and more) Regarding the Embassy’s century-old windows, HPRB mandated restoration vs. replacement, largely in regard to the wood, which was a big undertaking, Morrison recalled. As such, among other tasks, weather stripping was applied and improved thermal quality (the windows had none) was achieved. Embassy design in Washington DCSixteen marble fireplaces were generally left alone, except for epoxying existing cracks, and where larger rooms and spaces had been chopped up the Embassy was persuaded to open them up again, with the inclusion of more modern work stations. Yet to be installed, anticipated Herman Miller and Knoll furniture systems will accord a little more privacy to staff members who desire it, with the design lighter than traditional, cumbersome Embassy furniture. “Colorations were another big part (of the process),” Morrison said, adding that walls had a faux antique quality as though someone had purposely given them a distressed look. Desiring the same crisp and clean aesthetic as when it was newly built, the Morrison team, which also consisted of Principal Pamela Rodriguez and project architects Miriam Frank and Ryan Sullivan, opted for simplicity instead.Embassy of Argentina, Dupont Circle, Washington DC, Morrison Architects Espiritu de la madera (spirit of the wood) In paneled rooms, Morrison said the original architect had used quartersawn oak, which of course implied old growth in terms of any effort to match it today. Unfortunately, over the years workmen had destroyed some of the paneling during various repair projects, replacing it with rotary oak plywood or Home Depot Embassy of Argentina, Dupont Circle, Washington DC, Morrison Architectsplywood instead of acquiring the right quartersawn, Morrison observed, all of which had to be rectified. “We didn’t want to just sand this wood down and then lose the quality or patina it had gained over 100 years,” he said. Floors and doors were also quartersawn oak, with the latter cleaned and waxed as opposed to staining. The floors were in relatively good condition, though the oval salon’s herringbone pattern had to be replaced (with a similar pattern) because it had settled eight inches at one end. Leveled within the room, molding, trim and wainscoting had to be adjusted accordingly. Original staircases, in good repair, were also quartersawn oak, and a new utilitarian exit stair providing a second egress was added at the rear of the Embassy. 

El teatro y exterior (the theatre and…as it says!) 
As the Embassy’s ground level contains an active, 50-seat movie theatre and entertainment space where D.C.’s Argentine community congregates, updates included a built-in screen and state-of-the-art audio visual system to enhance events such as last year’s World Cup. On the building’s exterior, a rapidly deteriorating cornice – one of the Embassy’s largest features – had been covered with a protective screen for a couple of years, as pieces were falling to the ground. “We had to change the modillions, with Monarc’s craftsmen, and also the florets,” Morrison said of the endeavor, also recalling that in many instances Monarc was charged with the Washington DC retail and commercial property development newspainstaking reproduction of century-old plaster molding inside for continuity purposes. The team also removed nearly all of the roof’s slate tiles and then replaced them again, following repair of the substrate and the addition of a waterproof membrane. “We had just a little bit of new slate where we lost some pieces in the back, where you don’t see it,” Morrison said, adding that the new slate is recovered material. “Overall, it acts like a modern-day embassy – it has everything – it’s a nice, modern office building,” Morrison said, “but we like to think we’ve maintained the quality it had before.” 


Friday, March 18, 2011

Largest Residential Development in Years Breaks Ground in NoMa

24 comments
One of the largest single-phase residential developments in the city's recent history broke ground in NoMa this week. Mill Creek Residential Trust LLC will build NoMa West, three five-story buildings on a 4.3 acre site that will add 603 predominantly market rate apartments to the burgeoning neighborhood. The Preston Partnership LLC is responsible for the design, and R.D. Jones & Associates will do interior work.

Formerly owned by Trammell Crow Residential, which had promised work was "imminent" at several points in the past, the land was transferred by two former principal partners who left Trammell Crow to join the Dallas-based firm. Financing was orchestrated through Berkshire Income Realty and PNC Bank. The site was purchased in 2007, at which point the developers adjusted the 2005 PUD to what amounts to the current plans.

"We are lucky to have weathered the storm that has halted so many development projects in the area and around the country," said Sam Simone, Managing Director of Mill Creek Residential Trust LLC. "We're also lucky to be developing in a city that's been as protected from the economic downturn as Washington, D.C."

Positioned at Eckington Place immediately behind the FedEx shipping center, within the NoMa BID, Q Street will run through the development (see map), allowing for the creation of a pedestrian thoroughfare between the three buildings, which "actually look like six, because we wanted to break up the elevation," said Simone.

Building 100 (for now, until it's renamed) offers warehouse loft designs while Building 200 features more glass and a modern feel. Building 300 is parsed in two parts: one offers traditional rowhouse architecture while the other riffs on the modern design of Building 200. Amenities for the complex include two pools, two club rooms, a media theater room, a small park, and e-lounge, not to mention a paltry 1250 s.f. of retail - downsized from the initial plan for 15,000 s.f. unveiled back in 2006. Simone anticipates the project will span three years to complete.

Development has been a musical chairs game, with owner CSX having selected Fairfield Residential to build the project in 2004, before handing off to Trammell Crow, with each successive developer intending to begin construction in the short term.

Washington, D.C. real estate development news

DC's Ugliest Condo, A Princess No More

9 comments
The Park Princess, which may well be Washington D.C.'s ugliest condo (prove us wrong), has been dethroned. Not by a less appealing condominium (though some developers are trying hard), but by owners, who no longer felt the name suited the association, and have rechristened the building at 13th and N Streets "Logan Park", its original name circa 1981. After several years of wrangling, the condo association has voted internally for the change and navigated city bureaucracy to facilitate the new nomenclature, as if whiting out its inglorious presence with the branding of its now hip neighborhood. The association is also in the midst of a modest renovation of the condo's common areas and elevators, though the exterior will remain, alas, unchanged. The old name "just wasn't appealing" said Jordan Stuart, a real estate agent who lives in the building. "No one knows who the princess was." Stuart doesn't support the building's aesthetic superlative ("there are plenty of Foggy Bottom condos that are uglier"), but isn't heedless of its reputation "we do recognize the curb appeal issue," said Stuart, who adds that the building has positive attributes (from the inside). "You have to appreciate the roofdeck." As Parisians say of the Eiffel Tower, it offers the best views in the city, principally because its the only place in Paris where you can't see the tower. 

Washington D.C. real estate news

Thursday, March 17, 2011

St. Patrick's Day Special: Kelsey Gardens for Sale

5 comments
Kelsey Gardens is for sale. Well, still. Okay, erstwhile developers of the 280 unit apartment building in Shaw's burgeoning development strip put the property on the market exactly one year ago, but now are rebranding - just a bit - their city-sanctioned project next to the (possibly, someday) O Street Market.

Metropolitan Development had enlisted the help of Ideal Realty Group in March of 2010 to market the fully entitled project, which had been rebranded from Kelsey Gardens of low-income, crime plagued housing project fame, into Addison Square, a new mixed-income project embodying more modern concepts of lower income housing. Metropolitan sought a joint venture partner, financier, or outright sale of the property. But one year in, Metropolitan has dropped Ideal Realty in favor of MAC Realty Advisors, and dropped Addison as a marketing name.
Kelsey Gardens adjoins the O Street Market along 7th Street as would be projects looking for a suitor but - also along the 7th Street corridor - the new Shaw Library, Progression Place (underway), Howard Theater, and 2 potential housing projects at 7th and Rhode Island (1, 2)

Metropolitan paid $7m for the property in 2004, and has secured from the city $18 million in tax abatement, as well as a zoning change to allow the density in the form of a Planned Unit Development - with the catch that 54 of the 280 units be set aside for tenants making 60% of AMI. A sale of the property would require a purchaser to follow the plans, or be required to start the zoning process anew. Bruce Levin of MAC says his brokerage has compiled a substantial portfolio of apartments since its inception just a year ago, including View14 which is also on the market, but pulls no punches about his predecessor's inability to sell the plans, calling the past year "the low point" for marketing such projects. "But the market is very robust right now," says Levin. "We're crushing it" he says of the firm's portfolio.

It wasn't supposed to take this long. Neat signs still announce the project "Coming in 2010", and Metropolitan Construction Manager Jim Wurzel said in January of 2010 that he was "hoping we can start construction this summer." But ANC Commissioner and Shaw Main Streets founder, Alexander Padro was more sanguine at the time."We're probably talking 2011 or 2012 before anything is even torn down."

Lessard Architectural Group designed the project, which will (theoretically) include 14,700 s.f. of retail space along 7th. For the sake of Shaw, let's hope MAC crushes it here, and quickly.

Washington D.C. real estate development news

Neighborhood Report: Capitol Riverfront Southeast

9 comments
"Our neighborhood is no longer emerging," said Michael Stephens, Executive Director of the the Capitol Riverfront Business Improvement District. "It has blossomed." Stephens cites 35,000 people who commute to work in the area every day and the rising number of residents to buttress the growing retail imprint just north of the Anacostia River.
Retail, restaurants and office space leases are filling in at a more rapid rate than counterpoint emerging neighborhood NoMa, where the snap-up of square footage has been dominated by office leases. Sexier retail - even indie tenants such as as Pound Coffee have defected to Capitol Hill, while Capitol Waterfront is a hot commodity for retailers.
It helps that temporary projects draw the young and artsy to the water - Trapeze School Washington, Sensorium Dining and Art at the Yards generate buzz. Then there's the developing Canal Park that's scheduled to open in May 2012, Yards Park which opened last year, and Diamond Teague Park that was completed in 2009. In the meantime, enter the bridge to connect the two parks. And of course there's the ball park.

Many completed office buildings have lassoed tenants. Monument Realty's 55 M Street S.E. is 86% leased, with tenants such as the FAA and DDOT. Several D.C. government offices plan to move to the neighborhood in the second quarter, and this month Booz Allen Hamilton moved into 20 M Street, bumping the building to 97% leased. And 1015 Half Street, the former Opus East LLC and Prudential Real Estate Investors partnership that was resuscitated by Skanska this past May, is slated to open in July.

Both
Lumber Shed at The Yards Park Pavilion and The Yards Boilermaker Shops are among the most anticipated retail projects. Both buildings - the Lumber Shed at 100 Water Street and Boilermaker Shops at 200 Tingey Street - are part of the National Register of Historic Places, with Forest City Washington as developer and Gensler shepherding construction and design. Among other tenants, Neighborhood Restaurant Group has signed a lease for a restaurant that's expected to become a brewpub. According to Ramsey Meiser, Senior Vice President of Development at Forest City, 50% of the Lumber Shed and 70% of the Boilermaker Shops leases are tied down. Estimated opening date is early 2013.

Over at 400 Tingey Street S.E., Michael Stevens confirms that "a major health club" is signing a lease for 30,000 s.f. of this Forest City cite; sources tell DCMud that said major health club is VIDA Fitness, and that the lease is a done deal.

Also destined for the block at 401 M Street is a 50,000 s.f. Harris Teeter, above which will rise two residential towers with 220 units, with 20% affordable housing, also by Forest City. Environmental remediation will continue through the year with construction is expected to begin in the spring of 2012.

The big news as far as grocery stores in the area has been the potential for a Whole Foods at 800 New Jersey Avenue, S.E., however, the developer William C. Smith + Co. and the grocer are looking for tax abatement to the tune of $8 million over ten years. The groups have apparently been discussing a store for the site since 2002. With a city handing out tax breaks to far less game-changing endeavors - but now strapped for funds - the plan is still given better than even odds.

Among residential options, of Capitol Quarter's EYA development of 113 homes, phase I has sold out, and the 130 homes of Phase II are on the market now, with a move-in date of June 1. Construction had started in 2008, with Phase I construction completed in May of last year.

Other apartments include the off-then-on Foundry Lofts project at 201 Tingey Street S.E. which will offer 10,000 s.f. of retail and 170 market rate units. Forest City was able to resume building in September of 2010 as a result of President Obama's New Issue Bond Program (NIBP) that allowed for the D.C. Housing and Finance Agency (DCHFA) to fund the project and kick it forward. Leasing will begin this summer, with move-in likely in October.

In a holding pattern are several other projects awaiting financing. They include Factory 202, the SK&I-designed building that had been home to Federal Protective Services which was to have become a condo building. Forest City is still entertaining other plans for the site, but as of now it is considered a building for a later phase of development.

Though Monument Realty's 55 M Street is filling up, there is no start date for the hotel or residential buildings at Half Street since funding has not been secured since Lehman Brothers' exit. The grand plans for this property tanked with the fall of the economy, leaving a crater sized hole in 2008.

Akridge's Half Street mixed use office, residential and retail tower is also on hold, as developers are in the process of securing an office tenant. "We've just picked things up again in regard to design," said Kathy McDaniel, Project Administrator for Akridge. "Three months from now, we will have more progress to report."

Still on the boards is the CSX plan to widen its rail lines that run under Virginia Avenue, which is not marketed as loudly, partly because it will be some time before the location will be affected. A $98 million TIGER grant will raise the clearance in 38 locations in three states; 23 more need to be funded and amended before the bigger clearance allows for taller trains. The Virginia Avenue tunnel is among the largest and the most expensive pieces of the project.

Washington, D.C. real estate development news
 

DCmud - The Urban Real Estate Digest of Washington DC Copyright © 2008 Black Brown Pop Template by Ipiet's Blogger Template