Thursday, March 06, 2008
Todd Place Condos
Todd Place is the total renovation of 3 separate apartment buildings, 302-310 Todd Place, into 12 condos, each with two bedrooms, deep walk in closets in each bedroom, vaulted ceilings, and beautifully finished interiors. Located within walking distance of the Rhode Island Ave Metro station and NoMa Metro stations, in DC's booming NoMa area, the fastest growing commercial real estate sector in the District. Off-street parking available for each unit. Interior finishes include solid bamboo floors, generously sized granite counters in the kitchen and bath, skylights on the upper floors, ceiling fans, walk-in closets in both bedrooms, and private security systems. Developed by Lindsay Development & Hillsborough Investments. Newly reduced prices range from $249,500 to $265,500.
Wednesday, March 05, 2008
NPR Announces New Home in Noma
Labels: J Street Development, Mayor Adrian Fenty, Neil Albert, NoMa, Shalom Baranes Architects
J Street Development, which had other plans for the site at 1111 North Capitol Street, NE, before deciding to sell to NPR, will develop the 10 story, 400,000-s.f. office building and the massive, 60,000-s.f. newsroom bullpen inside. The building will take the place of the old Chesapeake and Potomac Telephone Companies warehouse, which is currently leased by the Smithsonian. Shalom Baranes Associates will design NPR's new global headquarters with space for more than 20,000 s.f. of retail while maintaining a number of facades from CPT's historic building. To begin the move, NPR will begin marketing their old digs at 635 Massachusetts Avenue for sale within the next two weeks. The organization will then leaseback the property until their move-in date, expected by the end of 2011.
"There are businesses within this city's boundaries that are important to the fabric of our communities. NPR is one of those businesses. We started working months ago to find NPR a new headquarters...This project will be an impetus for many things to come over the years," announced Fenty proudly.
"The new headquarters will be the physical manifestation of our broader thinking about NPR for the future...This translates to a setting that offers our staff the most creative, collaborative and interactive atmosphere to do their best work," boasted Ken Stern, CEO of NPR. With this openness in mind, Stern then discussed the vast amounts of public space that the development will include in the new campus, to be used for live broadcasts, lectures and for the community at-large.
Studley represented NPR in the deal, searching for a place that was close to the metro to serve commuting NPR employees, while at the same time attempting to remain within the District. According to Vernon Knarr of Studley, "For NPR to move outside of DC would have been a big change."
As part of the development, the city will help fund the project with a dual phase, 20-year tax abatement which translates to roughly $40 million dollars, a factor that Deputy Mayor for Planning and Economic Development Neil Albert said was "critical to the economics of this deal." Alongside those tax abatements will come a slew of streetscape improvements to make the project "feasible and aesthetically pleasing," added Fenty.NPR was founded in 1970, and opened up shop on M Street, only to move to Penn quarter more than a decade later, in what many called a pioneering move. Stern likened their current move to that same pioneering mentality from the '80s.
Monday, March 03, 2008
Fenty's Vision for Underdeveloped Neighborhoods
Monument Wins Injunction on WMATA's Ballpark Site
The site became the nexus of a dispute between Monument and WMATA last year, after Monument's failed attempt to secure the land in a public offering that WMATA eventually awarded to Akridge. Both Monument and Akridge (among 8 others) had responded to the solicitation for the bus garage by submitting bids to WMATA, but the Monument bid contained an escalation clause, a term that WMATA's offering had specifically prohibited, and which WMATA disregarded in their calculation of the bids. Discounting Monument's escalation clause, Akridge had the higher offer and was awarded the site for its bid of $69 million. With the game apparently over and Akridge heading for the showers, Monument is now asking for the instant replay.
Specifically, Monument is looking back to December of 2005, when the Anacostia Waterfront Corporation (AWC), on behalf of the District, designated Monument Realty as the Master Developer for the Half Street area. Under the designation, Monument was given the exclusive right to negotiate, acquire and develop properties along Half Street owned by the District. Monument then acquired the eastern side of Half Street, incorporating the Navy Yard Metro Station. AWC then attempted to negotiate the acquisition of the disputed bus garage (see photo, below), to be folded into Monument's plan.
It was then that WMATA issued a Joint Development Solicitation to invite developers to jointly (with WMATA) develop the bus garage. The District then requested that WMATA end its solicitation and coordinate all further development plans with the AWC; WMATA voluntarily complied, vowing to synchronize future development with the AWC. As the District Court pointed out in its Injunction, WMATA was obligated, based on its own Policies and Procedures, to offer the host government the first right of refusal on any property it sells, priced at fair market value.
After a successful purchase of the site above the Navy Yard Metro Station, Monument then made an unsolicited bid on the bus garage site, negotiating directly with WMATA rather than the AWC. Rather than accept the sole bid, WMATA's board - believing itself not obligated to deal exclusively with Monument - voted to invite competing bids, and issued an Invitation for Bidders. Shortly thereafter the District informed WMATA that it would exercise its right to purchase the site. WMATA withdrew its invitation, and agreed to sell the site to the District. WMATA claims that the District subsequently decided not to purchase the Bus Garage, and with that in mind, issued a second invitation for bidders. It was this second phase that attracted 10 bidders, and ended in Monument's bid being partially disqualified and Akridge being awarded the property last September.
On October 26th, Monument sought a Temporary Restraining Order against WMATA to enforce the right of first refusal as an intended third party beneficiary, claiming breach of contract, fraud, and breach of fiduciary duty. The District Court threw out the tort claims because of WMATA's sovereign immunity, but did not throw out the remainder. Monument re-filed on January 2 of this year, with a widdled-down motion for a preliminary injunction against the sale, which the judge granted last week.
"The Court recognizes the merits of this case by taking the serious step of ordering injunctive relief. We are committed of the Capitol Riverfront neighborhood as evidenced by our investment of tens of millions of dollars in this project over the past several years. We've always had a grand vision for Half Street and realize the importance of the project as it is the gateway to Nationals Park. It is great to know that we still have the opportunity to make the city's goal of having a coordinated development plan. A successful project for us also equals success for the city and for The Nationals", said Jeffrey Neal, co-founder and principal of Monument Realty (and former Akridge executive).
A 'Status Conference' will be held to discuss further proceedings on March 7th, after each party has been able to file their individual recommendations.
Friday, February 29, 2008
Bozzuto Planning...Something...on New York Ave.
Bozzuto eventually wants to develop the site, but no formal plans have been submitted - and because of the site's negligible size, the P.U.D. process wouldn't apply - P.U.D sites have to be 15,000 square feet. In essence, if Bozzuto can get an official zoning change, they can develop the property by right, but must heed the Historic Preservation Review Board's comments.
Bozzuto has proposed an 'illustrative' development, though it is not officially attached to the record, which would demolish a single historic building on one of the eastward lots, and would move another neighboring historic structure westward, into the slice of land that would remain in the residential zoning district. Bozzuto would then fill in the vacant lots between the historic property and the Yale Laundry Site, which serves as its eastern boundary. Although there is no official record of what the building would be, Bozzuto might be wise to keep it fully residential, from a purely zoning perspective; Zoning regulations effectively permit "any commercial zone [within this district] to be developed to a high density, if the development is solely residential." However, Bozzuto must be taking note of the Yale Steam Laundry condo project next door, which is not expected to sell out any time soon.
Bozzuto's illustrative development plan ensures the "stepping down [of] the mass of the building proposed." If the rezoning takes place, Bozzuto would be working within a 130-ft. height limit and roughly 50,000 s.f. of gross area. As the Zoning Commission comments, "The requested zoning would, in theory, permit the applicant to construct a building approximately three times as large as what would now be permitted on this site."
Thursday, February 28, 2008
Edgemoor Edges Toward Expansion
Armont seeks to amend the development plan to include the new property, to build a 31 unit residential building with 50 underground parking spaces, and has abandoned the idea of mixing office space into the plans. Montgomery National Capital Parks and Planning Commission reviewed the new plan today at their Planning Board meeting; the staff has recommended approval.
The total building will add 69,000 s.f. of space, providing 31, one, two and three-bedroom units, along with 3,000 s.f. of public space and 5,000 s.f. of recreation space; 12% of the units will be designated affordable housing. Along with the normal amenities like open space, etc., Armont will upgrade the pedestrian crosswalks at Arlington Road and Montgomery Lane because, as the Planning Department's staff report indicates, "Area residents have found that vehicles cannot be relied on to stop for pedestrians, despite a painted crosswalk."
Bethesda real estate development news
HPRB to Review 14th and U
Labels: Eric Colbert, Georgetown Strategic Capital, U Street
GSC also plans 20,000 s.f. of retail on the first floor, doubling the 20,000 s.f. of existing retail in vintage buildings along U Street, which will be incorporated.
According to Moore, "People are welcoming this change to the neighborhood. This is a strip that isn't very attractive right now. We hope to bring an exciting new mixed-use building to the neighborhood, and provide much needed affordable rental apartments."
Eleven historic buildings exist on the site within the U Street Historic District and Uptown Arts Overlay zone. None will be removed, although some non-historic buildings will be torn down for the project. The plan incorporates some of these historic elements, such as the frontage of rehabilitated buildings on U St. and three small commercial storefront buildings on 14th St., which combines a mix of historic and architecturally insignificant new buildings that are blessed with such retail as McDonald's and other fast food take-outs.
The main problem HPRB wanted to see altered was, of course, the height and density of the buildings in relation to the smaller surrounding edifices. The new conceptual idea, to be discussed today, includes two components to relate to the two different zoning categories, the southern half being low density and the northern half allowing for higher density.
Although planners hope to have their designs approved today, both HPRB and Moore said there will likely be further follow up meeting between the groups to iron out differences. The designs will then move on to the Board of Zoning Adjustment before any construction will take place. GSC plans on beginning construction in 2009 with completion in the beginning of 2011.
Wednesday, February 27, 2008
Alexandria's Hunting Plaza Waits on VDOT
IDI saw a unique opportunity in the two existing Hunting Towers buildings - which currently lay hold to 530 apartments - to preserve the pair of buildings as affordable workforce condominiums, similar to what they've done with properties like Parkfairfax. After Hunting Towers' renovation is complete, IDI plans to offer the workforce housing from $125,000 - $240,000 for existing tenants. The remaining units would then be sold, during a priority marketing period, to the city's workforce: school teachers, firemen, policemen, hospital workers, and bloggers (uh, technically that last one was left off the city's list...probably an accident) could snatch them up at prices ranging from $140,000 - $330,000. Anything left over would go to the public at workforce prices, ranging from $145,000 - $355,000. All of this would be subsidized by profits from the sale of the new condo complex.
The vision of the new building (Hunting Terrace) is a 361-unit luxury condo complex. HLS Architects, together with the Old Town firm of Bartzen & Ball Architects, designed Hunting Terrace as four buildings: two, adjacent five-story residential buildings fronting Washington Street and two adjacent main buildings, which step up from eight to 14 stories, with a landscaped courtyard acting as a buffer zone between the two pairs.
The Planning Commission's deferral on the new construction comes in light of the Virginia Department of Transportation's work on the Woodrow Wilson Bridge, the second half of which is planned to open within 12 months. Under the eminent domain process, VDOT had omnipotently purchased both the Terrace and Towers sites during the early phases of bridge planning, and demolished roughly a third of each parcel, destroying one building of the Tower side, and three buildings on the Terrace side to make way for the leviathan tangle of new roadways.
But roughly two years ago, Virginia's favorite transportation authority came to the conclusion that its holdings on the Terrace (i.e. new building) side were no longer needed, and sold it back to its original owner, Kay Apartment Communities, which by then had partnered with IDI - the pair have been working on finalizing the new construction drawings since then. But don't uncork the champagne yet, because VDOT still owns the future-workforce housing site, and the Planning Commission wants to see VDOT's sale contract for it before they will approve the proposal to build the new condominiums.
This, most simply put, poses a problem for IDI, because the entire project hinges on the redevelopment of Hunting Towers. The Planning Commission will not grant approval for the increased density and height of the new condominium tower, unless IDI uses the revenue therefrom to subsidize the affordable workforce housing a la the Hunting Towers renovation. Yet VDOT may not sell the confiscated land until the end of this year, and IDI, for various reasons, cannot sit on the condo site until such time that the other half of the project can be purchased. To alleviate these concerns, IDI has offered $20 million in collateral funds to begin building the condo side, in order to avoid suspicions that they will reneg on their obligation to revitalize Hunting Towers into workforce housing. The planning commission still wants to see the contract before they will allow IDI to build the Terrace condos.
"We're working very diligently to try to negotiate with VDOT and reach an agreement on the Hunting Towers parcel as soon as possible. Unfortunately if we don't have the additional height and density that we're requesting that would in turn generate the $20 million subsidy it would be impossible for us to preserve the 530 homes in Hunting Towers as affordable workforce housing. We would have to consider other development alternatives," said Carlos Cecchi, Vice President at IDI Group.
Tuesday, February 26, 2008
Neil Alblert's Stimulus Package for DC Developers
The District's development booty will be offered offered through two programs: $6.9 million, managed by The Reinvestment Fund, will be offered through NIF's Land Acquisition and Predevelopment Loan Fund, which will help to provide non-profit and Local, Small and Disadvantaged Business Enterprises (LSDBE) with low interest loans for land acquisition and predevelopment purposes. The second program will offer another $2 million, managed by Local Initiatives Support Corp (LISC), through NIF's "Predevelopment Grant and Project Grant Fund" to help finance construction and rehabilitation.
“Our charge is to ensure that every section of our city enjoys real economic development opportunities...We expect qualified organizations will put these funds to work – leveraging our initial investment to create some real community benefits,” said Neil Albert, Deputy Mayor for Planning and Economic Development.
In order to qualify for a grant, a project must be considered eligible in both location and scope. The funds apply to projects that would create either affordable housing, mixed-use development, or community facility projects in 12 NIF target areas, namely: Anacostia, Bellevue, Bloomingdale/Eckington, Brightwood/Upper Georgia Avenue, Brookland/Edgewood, Columbia Heights, Congress Heights, Deanwood Heights, H Street, NE, Logan Circle, Shaw and Washington Highlands neighborhoods.
The deadline to apply for one of these grants ends on July 31, 2008, or until the grant the District gives away all of its money. To get a pice of the pie, check out their website.
Monday, February 25, 2008
Funding Time for Silver Place
Labels: Bozzuto, Georgia Avenue, MNCPPC, Silver Spring, SilverPlace, Torti Gallas
If all goes according to plan, the first design 'charrette' - a roundtable discussion, to you and me - should begin this Spring. MNCPCC expects the community input stage to last until the end of the year, when they would request the second stage of funding. According to MNCPCC, "The design phase could take up to 10 months." Our guesswork indicates the final design could be submitted as late as 2009.
Silver place, located at 8787 Georgia Avenue in downtown Silver Spring, will be a mixed use project (see prior post) encompassing a nine-story, 150,000-s.f. office tower, which will house the new 120,000-s.f. MNCPPC headquarters, and a residential component housing 358 units, 91 of which will be rental units - the remainder will sold as condos. Preliminary plans also call for some retail and copious public gathering space. Currently, the site houses a large surface parking lot and the current, three-story, MNCPCC headquarters, which has become so overcrowded that the organization needs to rent out suites for its staff. Developers will build the new project in phases so that planning staffers won't be out of a home until their new one is finished.
Torti Gallas is designing the master plan for the site, working alongside a group of development firms, who appropriately call themselves SilverPlace LLC: a combination of Harrison Development, Spaulding and Slye, and Bozzuto Group.
Friday, February 22, 2008
Waffle Shop: A Moving Story
Labels: Douglas Development, NCPC, Shalom Baranes
For the unenlightened, Douglas had submitted a Consolidated P.U.D. for the 11-story, 91,000 s.f. office with 6,000 s.f. of ground-floor retail back in the third quarter of 2007 (see original blog). The L-shaped corner project, which will sit in very close proximity to the Metro Center station, will also include the renovation and relocation of the two-story "Waffle Shop" now on the site - not just the business, but the entire building will be transported. Douglas is heading up the shop's location change thanks to the Art Deco Society of Washington, the DC Preservation League, the Historic Preservation Office and the Committee of 100 on the Federal City's requests to save it in all its historic glory. HPRB had initially granted Douglas's request to destroy the eatery, despite the dearth of retail downtown and the vacant storefronts which attend to so many of Douglas's retail spaces in Penn Quarter, but the community's ire motivated the city to reconsider the issue. No space has yet been designated for the store's relocation.
DC Agencies Unite on 'Master Plans'
Thursday, February 21, 2008
Club (ing) on Quincy
Labels: Arlington, Ballston, WCI, WDG Architecture
WDG's design plans call for the construction of 162,000-s.f., 120-unit condominium building standing 12 stories high with roughly 2,700 s.f. of ground floor retail space. According to Tamera Reed at WDG, Club will also provide three levels of underground parking housing 232 parking spaces for its residents. But the pair of acronymic firms didn't stop there; in an attempt to push the meaning of 'mixed-use,' the firms will not only include the typical ground floor retail amenities, but also add an 11,000-s.f. black box theatre and a 13,000-s.f. funeral home to the ground level. (Talk about one stop shopping…)
In order to clear the way for the project, WCI will have to demolish the currently standing Arlington Funeral Home, and build the project on its footprint and its neighboring parking lot. Construction is scheduled to commence in the third quarter of this year.
And in case you’re wondering what a “black box” theater is, New York City's notorious Roundabout Theatre Company says: "By definition, it is a neutral environment. Its walls are painted black so each theatre production and design team can transform the space utterly in their own ways to suit the needs of each show. There is no raised stage or even designated ‘acting’ area. Black box theatres are perfect for ‘workshops, rehearsals, readings, and experimental productions. They’re incubators, a tabula rasa—or blank slate—onto which can be written each new testament to theatre artists’ imaginations"
Thank God for google
Gateway On Its Way
Labels: Gensler Architects, Greenbaum Rose, MRP Realty, NoMa, Oculus, SK and I Architects
The project will consist of three buildings, two of which will be office towers. The northern tower - the tallest in the NoMa and Capitol area - will have about 415,000 s.f. of office space. Its sister tower to the south will have roughly 210,000 s.f. The taller building caused MRP a setback in December of 2006 when the National Capital Planning Commission objected to its height, an attribute at least in part caused by a 40 foot height difference between New York and Florida Avenues. The Zoning Commission overrode their objection (yes, they can do that) and made the final approval in February of 2007, deciding to measure the building's height from New York Avenue, although the foundation for the building will be poured on the Florida Avenue level. This allows MRP an extra three stories, making the Washington Gateway more visible to those entering NoMa from New York Avenue - a rare coup for height in our two-dimensional city.
The opposite side of the site features a "T" shaped building, housing a 180-room hotel and a 260-unit apartment tower, of which 8% of the units will be reserved for affordable housing. The rental units will feature 'condo level' finishes like granite counter tops and undermount sinks. A public central plaza will connect each building.
Washington Gateway will also give commuters and residents easy access to the New York Avenue Metro and the Metropolitan Branch Bike Trail. The three-story glass Bicycle Atrium will provide bike storage, lockers, refreshments, trail and neighborhood maps, and an automated bike pump.
MRP is teaming up with Gensler Architecture as master planner and designer of the commercial office buildings. SK&I Architectural Design Group is working on the residential building and hotel while Oculus is planning the plaza and streetscape design.
According to Gensler's Michael Patrick, Washington Gateway "extends the urban grid of NoMA from the south into what was an abandoned and isolated eyesore, and creates a great urban space in a plaza with first class materials."
"The residential building cantilevers an energetic volume of triangular glass which will capture and frame the view for those eastbound on either Avenue. The residential tower and south office building create a ceremonial entry from NoMA, with the office building's plaza facade articulated in high detail of stone, glass and metal to set the tone for the Class A office space inside," Patrick added.
Completion of Washington Gateway is expected in the fall of 2010.
Wednesday, February 20, 2008
Arlington Kids Get High (School)
Arlington County Public Schools is pouring more than $100 million into the new Yorktown High School located at 5201 N. 28th St, a handful of blocks from the intersection of Glebe Road and Lee Highway and just a stones-throw from Greenbriar Park. The design scheme, by Ehrenkrantz Eckstut and Kuhn Architects, was approved on October 18, 2007. Now, the public school system has officially set the general contractor's bid schedule for the 300,000 s.f. project, setting the submission deadline for April 1st in order to precipitate an ambitious groundbreaking date of May.
Yorktown High School is one of three high schools located in Arlington, Virginia, and has 140 faculty members and a student body of 1600 students, placing in Newsweek's Top 100 list of U.S. Public School's since 2003, ranking at number 59 in 2007. The school and its faculty are notoriously responsible for breeding successful talent of the late Dr. David Brown, who died in the Columbia space shuttle accident, and Katie Couric, who did not.
Anyway, Yorktown's redevelopment has been discussed since 2002. The project has been phased to remain fully operational during construction (students not being easily distracted by noise); phase one was constructed in 2004 and added a three-story, 55,000-s.f., 30 classroom building. The current portion of the project will serve as the second and final phase for the high school's redevelopment, and will decrease the buildings' footprint while increasing its interior space.
Phase two is much more intricate: the first step involves demolishing an existing one-story classroom wing and replacing it with a wing that contains a cafeteria, administrative offices and classrooms. Step two will demolish existing space to make way for a swimming pool, auxiliary gym and performing arts theatre. Finally, contractors will destroy the gymnasium and relocate it to the outskirts of the campus adjacent to the swimming pool. To fill the space where the old gym stood, a bleeding-edge media center will take up half of the old gym's footprint, while the other half will remain open space and be landscaped to serve as a courtyard for students. The final step will be to remove the last vestiges of the old Elementary school building and pool.
Tuesday, February 19, 2008
Lower Georgia Housing Project Approved
Labels: Jim Graham, Park Morton, PGN Architects, WDG Architecture
Park Morton had been originally sponsored by Councilmember Jim Graham back in 2006, and the Council had approved an additional $3m for the project only last December, going only a small way toward the estimated $157m the project will cost. A host of contributors has already been selected to realize the city's vision, including DC-based development firm Banneker Ventures, nationally renowned environmental consulting firm Circlepoint, and design firms PGN Architects and WDG Architecture.
The project, sitting on the east side of Georgia Avenue and the south side of Park Road, had been noted by the District in several studies as encompassing "severe poverty" lacking basic amenities, though the project's planners did not include a retail element, relying instead on the slow accretion of retail on Georgia Avenue to service the new homeowners. But don't call your real estate agent just yet, development is not likely to start until at least late this year, and take an estimated nine years to complete.
Monday, February 18, 2008
Commerce Comes to Georgetown
Thursday, February 14, 2008
Clark Wins Poplar Point
Labels: Anacostia River, Clark Realty, Mayor Adrian Fenty
Mayor Fenty announced this morning that Clark Realty Capital was chosen as the developer for Poplar Point - 110 acres of undeveloped land with a full mile of Anacostia waterfront, sitting just across from the new baseball stadium. Development of Poplar Point is the key to the District's $10 billion, with a "b", Anacostia Waterfront Initiative.
The District began the process with a solicitation last August, bids were due by last November. According to the District, it sought development teams based "on their vision, qualifications, financial capacity, and commitment to community engagement." The District and Clark still have an uphill battle to get the land secured; it is still owned by the federal government and transfer depends on a suitable environmental impact study. The final plan will include a 70-acre park, a "hub for businesses" and an assortment of mixed used development in an area the District has called "underused and isolated." Clark's plan included a bridge over I-295 to make the park accessible to pedestrians from Anacostia.
Clark Realty is based in Arlington, Virginia, and offers a broad range of real estate development, management and financing services. Mayor Fenty called the project "the largest economic development project the District has ever embarked on and we are making investment where it is needed most - East of the River."
Industry Insight: Armond Spikell of Roadside Development
Wednesday, February 13, 2008
Allegro says: Arrivaderci Condos
Labels: Columbia Heights, Harkins Builders, Metro Properties
According to Jeremy Rubenstein, CEO of Metro Properties, the firm had finished their sales for the initial phase back in July, "right before the worst part of the instability of the housing market hit." MP had planned to resume condo sales this spring. "It actually has been an enormously successful condo sales program," Rubenstein said, adding "we reasonably suspected it would continue to be successful, but we looked at the risk in the financial environment and the uncertainty that many of our purchasers faced if sales did not meet our hopes and expectations. The rental market is tremendous in that location, and we decided it was the best choice for the area...we had been mulling it over for the past couple months. We're tremendously excited about this. We decided that our purchasers and our firm would be far better off."
Rubenstein expects that the entire building will be converted to apartments, and that Metro Properties will not keep any of the original purchasers as condo owners. Rubenstein predicts that its unlikely that leasing agents will have any trouble unloading the metal panel and brick apartment building with its nine foot ceilings, large balconies, hardwood floors, and underground parking. For the truly discerning, Allegro will have 62 two-level penthouse units with gigantic private outdoor roof decks, and interior apartments that face a courtyard with a reflecting pool. If all of that isn't enough, the largest retail project in DC history will be opening its doors in March, just 1000 feet from Allegro, offering tenants an assortment of shopping choices...and a Target.
The Allegro site is on the location of the old Giant Supermarket and surrounding parking lot, which was bulldozed in 2006 to make way for the new building. Metro Properties purchased the whole site in three phases, buying the Giant lot in June of 2006, and acquiring the two supplementary sites the next month. Marriottsville Construction, LLC, an affiliate of Harkins Builders, expects to complete construction by the fall of this year (construction photo at bottom).
Washington DC real estate development news