Celebrating NoMa

The NoMa BID annual meeting tonight will bring together residents, decision makers and business leaders to celebrate progress and unveil new plans for the coming year including a new approach to parks.

So just how are things going? "Fabulously. Things are amazing," says NoMa BID President Robin-Eve Jasper.

According to the Broker Roadshow Book released this month, the BID has $4 billion in assessed value this year with another $1 billion under construction. There were 380,000 s.f. of private sector space leased in the last year. Twenty restaurants and shops opened in the last three years. New residents signed leases for 1,200 apartments, and another 2,200 units are under construction.

First + M

"I think we reached a point where people are feeling confident about the neighborhood," Jasper said. "It’s building on itself now."

NoMa BID reports a 17 percent increase in average household income since 2010. Jasper said that increase helps coax stores and restaurants to come into the area.

More residents soon will call NoMa home as Archstone's First + M apartments prepare to welcome tenants. The leasing office opened this week, and Jasper said the first residents are expected in June.

With all of those new residents, the neighborhood will need parks. Jasper said a "public realm vision" will be unveiled at the annual meeting. Without giving away all the secrets, she did say that the vision considers how people use parks to create the most useful spaces.

Construction also continues in NoMa. Two new projects are neck-and-neck in the race for being next in the ground: JBG Companies' Hyatt Place Hotel at the planned Capital Square site and MRP Realty's residential building at the planned Washington Gateway site.

Capital Square

JBG says it plans to break ground on the 200-room hotel this summer. It will be completed next year.







A spokeswoman for MRP said permits are still in progress, but the project is on track to start work this summer.

Several projects started construction in the past year, including Trammell Crow's Sentinel Square office project and Stonebridge's third building at Constitution Square.

And there still is more to come in the already booming area that exceeded initial expectations.

Jasper said that initial estimates were about $1 billion investment and 15,000 jobs, but says that today there are 45,000 jobs just in the NoMa BID. "All the right pieces were there, the right people to push to make things happen," she said, adding that the plans were not too restrictive or directive with planning and regulation. "And it enabled the private sector to come in and do what it does best."

"The vision that I have, for what it’s worth, is that in the next few years you start to feel this gravity and cohesion in the neighborhood generally where...there’s a vibrant commercial spine in the area of 1st street, and there’s a great feeling and sense of community in all of the adjacent neighborhoods," she said. "And if you go several streets out -- to all the row houses and apartment buildings --that people feel they’re all part of it. That this whole part of town becomes an area that has its own gravity."

Washington, D.C., real estate development news

2011 Year in Review

Looking back on 2011, the year may be known in the real estate world as a year of binge-buying and construction of apartment buildings, or the year Walmart came to town, at least on paper. But with Washington DC's population growing and construction financing available, the city added many new restaurants, apartments (though condos still lagged) and even some office buildings. Here's a look at some of the many developments that shaped the year:

14th Street Rules
14th Street saw developers lining up in swarms as JBG broke ground on District Condos (Jan 10) and quickly leased up retail in the future building (pictured below), showing the commercial strength of 14th Street, though the building later converted to rentals, showing the relative strength of the apartment financing market. Nearby, Georgetown Strategic Capital readied to build Utopia at 14th & U, though JBG took that up too. Level2 Development got support for 144 units across the street on the 1900 block of 14th, UDR got underway on its 255-unit apartment building replacing the Nehemiah Center, Douglas Development got approval for 30 units on the 2200 block, Habte Sequar started work on his 30 unit project at 14th & R, while PN Hoffman began converting the Verizon building across the street into 40 condos. The Irwin neared final approval for 60 units on lower 14th Street, and Furioso put up a design for a 42,000 s.f. office in the 1500 block.

Virginia, Towering Above Others
Virginia went big this year: Dittmar submitted plans for 500 apartments in Virginia Square (Jan 11), though construction has not yet begun. The beltway's tallest building - at nearly 400 feet - got underway in Alexandria, another just a hare shorter got closer in Tysons Corner, both barely eclipsing the Rosslyn tower that poked above ground (pictured, left) just a few days ago. JBG contributed with its 474-unit Rosslyn Commons groundbreaking (Jan 6).

There was finally a kick start for Buzzard Point (Jan 17), thanks to Duane Deason, who is planning the first residential project in the largely forgotten area, with zoning approval secured in August. Not too far away, Camden Properties began their residential project on South Capitol (June 13) giving the area some momentum. A new bridge and streetscape on the way for South Capitol gave the area even more buzz.

Columbia Heights saw nothing like the boom that hit it in previous years, but Chris Donatelli began adding another building next to his two centerpieces at 14th & Irving.

Getting Malled
It was a busy, if controversial year for the Mall: Eisenhower drew the most attention as Frank Gehry, the chosen architect, put forward 3 plans for a tribute. One was selected, but public discontent with the starchitect's vision was strong, and one arts group put forward its own competition. The winning vision was displayed, briefly. Three areas of the fading Mall were designated for a redesign (Oct 26). Rogers Marvel Architects was chosen as the designer for President's Park South (July 7), while DC residents begged for the reopening of E Street, and The Disabled Veterans' Memorial got nearly ready for construction near the U.S. Capitol (Oct 5). The Martin Luther King Memorial progressed from dirt piles to completion, opening this summer (Aug 12), and the African American Museum of History and Culture got nearly off the ground. Not to be outdone, Latinos pursued sites nearby for another museum on ethnicity and race (July 2).

NoMa boomed, again. Its second hotel, a Hilton, opened in April, Mill Creek Residential broke ground (March 18) on 603 rental units, Skanska purchased a lot in January and planned its largest office building in the DC area (Aug 10). Camden started off 320 units of housing in September, and MRP let slip that they intended to kick off Washington Gateway at NoMa's northern edge (Aug 29) after years of waiting. StonebridgeCarras started digging for phase II of Two Constitution Square (May 12) for 203 residential units and then broke ground on Three Constitution Square (Oct 18) on spec, like its predecessors. NoMa East, however, continued to idle.

Shaw had its day, again and again, as Four Points (officially, anyway) got to work on Progression Place (Feb 5), while the CityMarket at O got underway (pictured, below) two months after the Giant closed. New designs were released for the Wonder Bread buildings (Aug 30) Jefferson Apartment Group bought Kelsey Gardens (Oct 27), promising a quick start of removing the eyesores. Finally, Two more Marriotts were planned next to the Convention Center (June 22).

Take Me to the River
Construction was everywhere in the Capitol Riverfront neighborhood in southeast with the construction of Canal Park (Feb 15), and a new bridge (Nov 21). Foundry Lofts opened to the public, reconstruction of the boilermaker building got underway for the area's first retail component, work on the Harris Teeter and apartment building commenced and Florida Rock demolition finally began. Other waterfronts made progress too as plans in Old Town and southwest DC inched along.

Elsewhere around the city, the CityCenter mega-project got underway in April, still without a tenant; GW faced a public outcry over its plan to demolish historic rowhouses on Pennsylvania Avenue, the Wisconsin Ave. Giant finally got the financing to go forward with the residential and retail project, then beat off the NIMBYs, and Dakota Crossing was purchased, facilitating a big-box retail development where a forest now stands. Tenleytown got an unsightly library, finally (Jan 19) and new school, Eastbanc unveiled its designs for the West End (Apr 8), and the Bozzuto/Abdo team broke ground for the 2nd big project in Brookland.

Bethesda, and its Northern Neighbor
In Bethesda, Bainbridge got to work on its 17-story apartment building, while the Trillium site was sold to StonebridgeCarras and Walton Street Capital (Mar 9), injecting the moribund project with hoped-for new life. Way up north in the neighborhood that no one can agree what to name, White Flint (aka North Bethesda, aka Rockville) got ready for a building boom as JBG and LCOR beefed up residences (1275 by LCOR) planned for the ongoing construction sites and Federal Realty planned 1725 residences. JBG already has the tallest residential building in Montgomery County, which it plans to surpass with its next phase (pictured, at right).

Projects that wanted to be on the 2011 list but will now have to dream of the 2012 list: anything in Fort Totten, Skyland redevelopment, Arlington's first LEED Gold apartment building, reconstruction of Babe's Billiards, the Florida Avenue / Capital City Market, the Adams Morgan hotel, the Akridge and Monument Half Street projects in southeast, and Howard Town Center, to name just a few.

Two Competitions to Redesign Portions of the National Mall: One For Creativity's Sake, One for Keeps

Over 1,500 professional and aspiring architects and designers, from around the world, have submitted designs to the two ongoing competitions offering the artistically minded an opportunity to make a mark on the National Mall. One competition is officially connected to the National Park Service, and has just selected 15 professional design teams, after three days of consideration by an eight-person jury, to move on to Stage II of the National Mall Design Competition to redesign three areas of the Mall: Union Square at the foot of the Capitol, Constitution Gardens near the Lincoln Memorial, and the Washington Monument Grounds at Sylvan Theater. For each of the three redesign areas, six design teams were selected, with a few teams selected as finalists in two areas: the Diller Scofidio Renfro & Hood Design team is a finalist for both Union Square and the Washington Monument Grounds portion; the Rogers Marvel Architects & Peter Walker and Partners team is a finalist for both Union Square and Constitution Gardens; and the OLIN & Weiss/Manfredi team is a finalist for both the Washington Monument Grounds portion and Constitution Gardens. Second stage designs are due December 1st, and those who will be moving on to the final round will be announced on December 15th. The design competition was officially launched in early September and brought in over 1,200 participants, said spokeswoman Lauren Condoluci. The Trust for the National Mall, with part of its purpose being to help realize the NPS Mall Plan through its "Campaign to Restore the National Mall," is responsible for the corporate-sponsored design competition, as The Trust is the "official non-profit partner of the National Park Service," created in November of 2007 by Chip Akridge, founder of the eponymous commercial real estate company Akridge. Meanwhile, another National Mall design competition was launched prior to the NPS competition, in the summer of 2010: the National Ideas Competition for the redesign of the Washington Monument Grounds, sponsored in part by George Washington University. Chair of the National Ideas Competition steering committee, James Clark, principal at MTFA Architecture, said that the winning participants will benefit from exposure, as they will have risen to the top of over 500 competition participants. "We realize none of the schemes will ever get built," said Clark. "But we hope they have an impact on the potential of the grounds." 

He also said that the competition's worth is in creative participation on a broad spectrum; participants ranged from individual designers and amateurs aged 12 and up, and professional design firms. The competition is now in its final phase: the solicitation of the public's vote to determine two winners from the six finalists, including firms from the Netherlands, South Korea, and D.C. local Hunt Laudi Studio. Julian Hunt, co-founder of husband-wife firm Hunt Laudi, said he entered a A Great Inclined Plane (shown at left) to "extend the mall and make it into a sort of viewing platform," inspired in part by the failure of the space to serve the Obama Inauguration crowd well. Hunt also felt the complexity of the design submission would be appreciated by a first-round jury that consisted of renowned, avant-garde architects. Winners of the National Ideas Competition will be presented to the public next spring. Likewise, the NPS' National Mall Design Competition will put on a public exhibition next April, and winners will be announced in early May. Unlike the creative visions produced through the National Ideas Competition, however, fundraising efforts for the NPS/The Trust for the National Mall undertaking will commence after the winners are announced. 

Washington D.C. commercial real estate news

NoMa's 'Three Constitution Square' Underway

Add another project to the list for the NoMa BID: breaking ground yesterday morning was

StonebridgeCarras' 345,000-s.f. office building "Three Constitution Square" with 13,000 s.f. of ground floor retail. Like the developer's previous Constitution Square ventures, the building is being built completely on spec, neither office or retail space has been leased, confirms Doug Firstenberg, a founding principal of Stonebridge. The 12-story building, designed by HOK, will be complete by summer of 2013 with delivery to tenants possible the following fall, said Firstenberg, adding a simple endorsement: "It'll be a great building." Three Constitution Square at 175 N St, NE, is part of Phase II in the overall Constitution Square development, bounded by N Street to the north, M Street to the south, First Street to the west, and the red-line metro track to the east. 

Three Constitution Square will be adjacent to the Department of Justice and the New York Avenue metro stop, and across the street from the ATF.  Completed in the first phase of Constitution Square: two office buildings with ground floor retail occupied by GSA and DOJ, a Hilton Garden Inn, and "Flats 130," a 440-unit apartment with ground floor Harris Teeter. The other half of the second phase, underway now, is an apartment-and-retail building, which broke ground this spring. The third and final phase, also an office-and-retail building, is yet to come. StonebridgeCarras built phase 1 entirely on spec, but leased the entirety to GSA before selling it off. 

Washington D.C. real estate development news

Running a $700-Million Comb through the National Mall

With over 25 million visitors a year, the National Mall is showing some wear and tear; its restoration is the driver of a competition to select a winning design team to renovate three areas of the Mall - Union Square, Washington Monument Grounds at Sylvan Theater, and Constitution Gardens - hosted by the National Park Service's non-profit partner the Trust for the National Mall.

Yesterday, the competition's details and important dates were released - in one month, registration ends, on October 8th, and design portfolios are due five days later, the 13th.

The three stages of the competition will stretch until March 30th, 2012. A public exhibition will take place in April, competition winners will be announced in early May, and fundraising efforts will commence thereafter.

The three stages of the competition are as follows:

Stage I - Design portfolios are submitted for review by a jury. The jury will select 8-10 designers (per location) to move on to Stage II.

Stage II - Designers will be combined into teams, which will be evaluated and interviewed by the jury. The jury will select 4-5 finalists per location to move on to Stage III.

Stage III - Finalists will create a design concept for their assigned location, and be allowed 10 weeks to complete the concept. The jury will select one concept per location as the winner.

The competition is part of the Trust's Campaign to Restore the National Mall, which will become the largest public-private partnership in the history of the National Park Service. Over the next several years, the campaign aims to raise $350 million in private funds, which will be matched by federal funds, bumping up the total to $700 million. Corporate sponsorship is providing the funds necessary to host the design competition.

The Campaign has already been working on several restoration projects on the Mall: the Jefferson Memorial Seawall (completion in the Fall), the Lincoln Memorial landscape and Reflecting Pool (completion in Spring 2012), and the WWI Veterans memorial.

Washington D.C. real estate development news

Editors Building Downtown Turning to Hospitality

The "Editors Building," located one block from the White House at 1729 H St., NW in the Golden Triangle, has been owned and occupied by Kiplinger Washington Editors Inc. from the time it was completed in 1950. But after six decades, the family-owned finance publisher is selling its 10-story, 77,000 s.f. neo-classical building to a hotel developer.

The buyer currently under contract, OTO Development Company LLC, has put down a firm deposit, giving Dek Potts, a senior managing director with Holliday Fenoglio Fowler, L.P. (HFF), "reasonable confidence" that the sale is a sure thing.

Settlement is scheduled for October in order to allow Kiplinger time to relocate. HFF has been marketing the property since the summer of 2010. OTO Development LLC is a South Carolina-based hospitality development company with properties nationwide, and in April delivered its first project in D.C., the Hilton Garden Inn at Constitution Square in NoMa.

Located in the downtown core, the new Golden-Triangle property being acquired is C-4 zoned, allowing office, retail, housing, and mixed-use development (up to 110' and 8.5 F.A.R.) by way of right.

Designed by Washington architect Leon Chatelain Jr. in 1948, construction of the building in the subsequent two years was completed under the guidance of John McShain, celebrated general contractor-builder, who has been dubbed "The man who built Washington." McShain and his company worked on over 100 buildings in the thirty-odd years spanning the 1930s to '60s, including the National Airport, the Kennedy Center, the Jefferson Memorial, the Pentagon, the Library of Congress annex, and, the same year as the Editors Building, a revamp of the White House.
The Editors Building is not designated as a historic/landmark structure, allowing the buyer one less fee-trip in the path to redevelopment. A façade of limestone surrounds a red-granite-and-bronze entrance with matching red-granite window accents. Inside, the continuation of neo-classical elements includes an all-marble lobby with 12-to-16' ceilings.

Washington D.C. real estate development news

Where are Virginia's Green Apartments?

Arlington Virginia, one of the most affluent counties in the U.S, takes a predictably green approach to development. Burnishing its green credentials, Arlington was the first jurisdiction in the country to adopt an incentive system to persuade developers to build sustainable, efficient structures, enacting a green program as early as 1999. Alexandria partnered with Virginia Tech’s Department of Urban Affairs and Planning to design a new collaborative planning process, called Eco-City Alexandria, to foster sustainable building. So far, surprisingly few residential developers have taken up the counties on their offers. Since Arlington's Green Building Incentive Program went into effect in 2000, permitting extra height or density for obtaining LEED certification, just three residential developments in the city of Arlington have earned the USGBC's green ranking, only one of which received additional density. In Alexandria, only one new condo and one apartment achieved a LEED ranking. Arlington's 220 Twentieth in Crystal City is LEED certified, the lowest certification available, while Arlington's Parc Rosslyn, a subsidized housing project built by APAH, earned a Silver designation, one step better. 

Just recently, Lyon Place in Clarendon was awarded LEED status (the leasing office was unable to identify which kind). In Alexandria, Cromley Lofts earned Virginia's first LEED designation with an impressive Gold ranking (the 3rd highest of 4 levels) in 2007, but since then only the Station at Potomac Yards has achieved the USGBC's stamp of approval. The Crescent in Falls Church has also recently earned LEED recognition, and most recently the Macedonian obtained EarthCraft certification. In Washington D.C., by contrast, numerous residences have the distinction, including the Alta, WestEnd25 (Gold), Flats130 (part of LEED-ND, a more nebulous neighborhood designation) at Constitution Square, Capitol Quarter (Silver), Georgia Commons, Gables at Takoma (Silver), Residences at Square 80, and Solea condos (Gold). The USGBC website, though providing an incomplete and inadequate list, puts Arlington's LEED projects at 34 (for all building types), and Washington D.C.'s LEED projects at 141. Developers have long complained that the LEED certification process is rigid and costly, requiring a longer process, more paperwork and greater expense both to build and get certification. Another factor is public demand, which most agree puts very little premium on green construction. But Joan Kelsch, Arlington's Green Building Program Manager, says that shortcomings in the initial program have been addressed, and that a wave of LEED certified buildings is about to hit the market. In 2009, the county tweaked its incentives, raising the incentive for housing developers and lowering incentives on office construction, which were building in green with or without the incentives. "Any large office building getting built is going to be LEED certified, because the market is demanding that now. That's not true of residential buildings." Of residential buildings, Kelsch says "they typically get 6-12 units [in extra density], depending on the size of the building." Kelsch says the lack of LEED certified projects has more to do with timing. "I think the fact that we don't have alot of them finished is not necessarily an indication that the program hasn't been successful, there's just been a lull in construction and there are many in the pipeline. We think its been very successful." Kelsch also notes that 24% of residential units approved between December, 2003 and December, 2008 were intended to be certified as LEED, some of which are under construction or have been built and are seeking certification. Others, like the Tellus, simply haven't been built. But numerous other projects have been designed without green features. Virginia also recognizes the EarthCraft brand of sustainable certification, which several developments have opted for but which Arlington's Green Building Incentive Program does not recognize. According to Kelsch, the county has considered giving bonus density for meeting EarthCraft, which the state now uses to reward subsidized housing projects. Though the trend is for better, greener buildings, neither the county nor the public are yet demanding it. Until one of them does, it seems builders will not always see the advantages of green. Arlington, Virginia real estate development news

Constitution Square Breaks Ground on Phase 2

StonebridgeCarras broke ground this week on their second phase of Constitution Square, queuing up another residential element in Noma's largest development. The construction will add 203 rental units to the mixed-use endeavor on Noma's northern edge, with another office phase to follow by July. StonebridgeCarras principal Doug Firstenberg says the 203 unit apartment building, designed by SK&I Architects, will be geared toward smaller, highly amenitized units to capture the segment of the market that has performed best next door at Flats 130, which Firstenberg says has been leasing more than 30 units per month and is now 45% occupied.

Stonebridge just now completed Two Constitution Square, which it also built without a tenant, and though Firstenberg initially banked on another large federal tenant, focus has now shifted to private tenants with the expected slowing of the expansion of the federal government and with it federal leasing.

Washington D.C. real estate development news

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

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

Bethesda's Trillium Site Sold, Residential Project Planned

StonebridgeCarras and Walton Street Capital have paid $29,250,000 to purchase the Trillium site in Bethesda. The Wisconsin Avenue site had hosted a hotel, demolished in 2007 to make way a the high-end condo project by Houston-based Patrinely Group, but the ill-timed development never broke ground.

Davis Carter Scott had designed 3 residential towers for the project with southward facing glass sheer walls, but Stonebridge says it will create "a new plan" for the site that will have to go through the Montgomery County approval process again, and will feature a retail component below the residential spaces that will now be rental apartments. StonebridgeCarras says it will have plans ready to submit this summer for the 1.6 acre site. The building will occupy the southern end of the block (see map) northern part of the block is owned by NIH.

Stonebridge founding principal Doug Firstenberg says the team is starting from scratch to build "over 300 rental units" above 50,000 s.f. of retail, but has not selected an architect for the project. "We expect entitlements to be about 2 years, we hope to break ground early 2013, and deliver by 2015" says Firstenberg. "Its a really great opportunity to do a mixed use site, you've got a gateway site, less than a half a mile from the red line Metro station, with the medical center adding several thousand new jobs. This could really anchor the redevelopment of Woodmont Triangle."

This is the third joint venture between affiliates of StonebridgeCarras and Walton Street, which included Constitution Square in Washington DC and 8000 Jones Branch Drive in Tyson’s Corner. The previous developer began sales of the condominiums, which ranged from $500,000 to $3,000,000, but never achieved enough sales to satisfy investor requirements to start construction.

Bethesda, Maryland real estate development news

Neighborhood Report: NoMa

So named for its location north of Massachusetts Avenue, NoMa is a neighborhood that's beginning to assert an identity, if still gangly in its adolescence. But developers and restaurateurs have faith the area will take shape. Here's what's happening:

Gillian Clark's Kitchen on K: Clark's new restaurant, inspired by her now-gone Colorado Kitchen is between four and eight weeks away from permitting. A bigger space and proximity to the Metro means Clark, now the chef at Silver Spring's General Store, plans on daytime and late night hours. In a nod to its progenitor, the menu will showcase French technique via comfort food favorites, as well as donuts during brunch her customers keep asking about. Opening dates? "Ideally spring, but there is no such thing as ideal."

Work in Progress, Todd Gray's Watershed: A few blocks from Clark's spot, Equinox chef Todd Gray and wife Ellen are opening Watershed in NoMa's Hilton Garden Inn. In addition to the raw bar, patio, restaurant and lounge, the Grays will also focus on cooking up morning meals. "D.C. has a real need for power breakfast spots," said Todd. Perhaps Clark and Gray will draw business from Charlie Palmer, the reigning champion of the genre. Watershed will be the sole restaurant in the hotel, which is slated to open in April.

On Skanska's NoMa Development: Sara Krouse of Washington Business Journal reported on the Skanska deal earlier this week, which Executive Vice President Rob Ward says is slated to become office buildings, hotels and potentially residential space. The 63,790 square foot property is located at 1st and M Streets N.E.

NoMa Living: The Loree Grand, which will house Clark's restaurant, was the first new residential projects in the area in over a century. Of the 212 residential units, 66% have been leased. Archstone also has a residential project underway, 469 apartments set for completion in late 2012.

Constitution Square: Of the 440 residential units in The Flats 130, 90 have already been leased since its opening late last year, with 19 new leases just in January. Also set to open in the area is Roti as well as the largest location of The Perfect Pita, which has leased space across from The Courtyard Marriott.

90K: Of the space that's primarily for offices, 50% has been leased. The 412,000 square foot office building also houses retail, which has yet to be claimed. Built by Clark Construction, designed by SmithGroup, the building is the newest office building by Trammel Crow Company.
111 K Street: Sales of J Street's corporate condo (pictured, right), initially fast, have stalled as buyers such as Sierra Club and YWCA have backed out.

50 Florida Avenue: This former Metro Ice warehouse just sold as a redevelopment project to B & B Realty Investments. "We are in the middle of contemplating what we want this space to become," said Rick Brown, a Principal of B&B. "We had a three to five year plan but recent growth in the area has prompted us to reconsider."

Washington DC real estate development news

Ribbon Cutting, Taste Testing Tonight, Harris Teeter Officially Open Tomorrow

NoMa finally gets its first grocery store with the impending inauguration of the 50,000 s.f. Harris Teeter store at 1201 First Street, NE, which officially opens its doors tomorrow. Its been two years since StonebridgeCarras announced Harris Teeter would occupy their anchor spot in Constitution Square, and tomorrow brings that promise to fruition. But why wait until tomorrow, when you can get free wine and a sneak peek tonight. Following a ribbon cutting this afternoon, as a sign of appreciation for the neighborhood support, the store will hold a "Taste of Teeter" from 5:30 pm - 8:00 pm, during which the general public may sample wines and products from the store. At eight, with several sampler glasses of red sloshed back and a solid buzz going, attendees will then be set free to do their grocery shopping until the store closes at midnight (Disclaimer: DCMud does not advocate boozing and buying).

The retail scene in NoMa has quickly become more and more crowded over the last several months. With Potbelly Sandwich Works, Georgetown Valet, and TD Bank all opening their doors this past fall, and Roti Mediterranean Grill, CVS, and 7-11 set to cut ribbons in the new year, there are a plethora of new places for The Flats 130 residents to spend their money. And more development is on the way. The first phase of Constitution Square, the 1.6 million SF of mixed-use space located at First and M Streets, has been so successful that just last month developers announced their plans to break ground in May on Phase II, set to feature 345,000 s.f. of office space and an additional 203 residential units. With 21 projects completed since 2001, two currently under construction, and 31 in the pipeline, the NoMa development torch is still burning strong.

Washington D.C. Real Estate Development News

Stonebridge to Start Phase 2 in NoMa

Real estate developer StonebridgeCarras and financier Walton Street Capital are betting on NoMa again, announcing they will start the next speculative phase of Constitution Square in May. Stonebridge is just now completing Two Constitution Square, which it also built without a tenant, a bet that paid off big when it sold the property in May for $305m to Northwestern Mutual, and now Sarah Krouse reports in the Washington Business Journal that the Bethesda-based developer will attempt an encore with another speculative phase. Principal Doug Firstenberg tells DCMud that next May his company will break ground simultaneously on a 200-unit apartment building and 345,000 s.f. of office space and, rounding out a good week, that Harris Teeter will open at Constitution Square on December 8th and that Equinox founder and chef Todd Grey will now open a sit down restaurant in the newly completed phase 1.

Firstenberg, who pre-leased 100% of Phase 1 to GSA and DOJ before trading the building, said Phase 2 will be "targeted to go after some of these large GSA bids that are out there." Stonebridge will again use SK&I Architects to design the residential space and HOK Architecture for the commercial portion. The residences are expected to be available by late 2012, the office space should be ready for the first tenants in early 2013. The third and final phase of the 7-acre site, still in conception, will add 470,000 s.f of office space.

Firstenberg says the restaurant, to open in March along with the hotel, will be "NoMa's first upscale, sit down restaurant," good news for residents at the Flats 130 where 60 of 440 units have leased since its opening October 1st, and where significant retail leases have already been signed. Stonebridge is expected to flip the office building once lease-up is complete. "We're not long term owners in the project" said Firstenberg.

Washington DC real estate development news

Archstone Pushes Back NoMa Start Date

It's easy to get excited by the mere promise of progress these days; excitement, however, is still no substitute for financing. In March, Archstone announced they would be breaking ground in April on its residential project at 1st and M Streets, NE in NoMa, a project that will fill out First Street as one of the latest empty parcels on that strip, along with Constitution Square which is just completing across the street. But as June slips away, the parking lot remains, sans construction. Senior Vice President Rob Seldin of Archstone now aims to break ground in July, financing depending.

Seldin said he hopes to have a "firm loan closing and start date" in the next few weeks. Archstone's 469 rental residential units will replace a surface parking as the first of two phases; the total project will bring 1.5 million s.f.: 500,000 of which will be in the Davis Carter Scott- designed residential building (with a nugget of ground floor retail at the corner of M and First). A parking garage will provide 421 spots on three levels below grade. The new building will increase residential space in NoMa by over 50 percent. Phase 2 is also planned as a residential building. Forrester Construction is the general contractor for the project.

Washington, DC real estate development news

NoMa Bulks Up on Student Housing

NoMa's population just increased ten-fold. On Wednesday, 317 students moved into The Washington Center's student dorms - no, wait - "residential and academic facility" at 1005 Third Street, NE. Sure, it may be a large group of temporary students, but when your entire neighborhood consists of less than enough people to fill a Metro bus, you tend to count these things.

The residential center, in NoMa's sparser eastern section, is provided by a non-profit that places an international array of students into DC-area internships. The students are NoMa’s first residents in more than a century, according to the Business Improvement District, adding to the 40 or so residents that currently live in townhouses within the BID. The project, designed by Davis Carter Scott, broke ground just last spring.

The population figures may be a bit misleading, as the gerrymandered BID boundaries narrowly miss several large multi-family housing projects such as Senate Square. NoMa BID reps hasten to add that "9300 people live within half a mile of NoMa," and office buildings are going up everywhere, so don't get the wrong idea, the place is hopping. But soon technical geographic distinctions won't matter; Constitution Square - one of NoMa's largest projects - will begin renting its 440 apartments late this summer, and the Loree Grand will also soon open its doors to 212 new residents across the street from The Washington Center.

The $38m project was developed by Paradigm Development Company, and will be sufficient to provide for approximately 80% of the interns drafted by the TWC each year, who are currently housed in apartment buildings throughout the area. In addition to the college-style design elements like shared kitchens, shared rooms, high speed internet and the nostalgia-inspiring common areas, the building will also offer classrooms, offices, a large auditorium space, a computer lab, a fitness and a lounge area.

Washington DC real estate development news

NoMa's Constitution Square is Green, and Now Gold

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

Constitution Square Signs Retailers

NoMa's Constitution Square is filling in nicely. After securing Harris Teeter last year to occupy 50,000 s.f., StonebridgeCarras, Constitution Square's developer, announced the signing of five more retail leases today. A diverse group of tenants will occupy an additional 17,000 s.f., coming online to serve the 5,000 new employees headed for NoMa this year, as well as residents of the 750 apartments set to finish later in the year. TD Bank will be NoMa’s first full-service banking facility with a 5,200 s.f. space. Feeding hungry workers will be Potbelly's and Constitution Café. Keeping them awake will be the responsibility of Tynan Coffee & Tea, which already operates in Columbia Heights. And adding a bit of starch, Georgetown Valet drycleaners are beefing up with yet another store added to its many throughout the District. All retailers are expected to open later this year. Accordingly, Harris Teeter is poised to begin interior upfit of its SK&I Architects-designed store, making it the first grocery store in NoMa. The chain is currently seeking a general contractor to build the interior and should make a selection by the end of February. Clark Construction, the General Contractor for the entire Constitution Square project, is scheduled to finish the exterior and the core of the 50,000 s.f. space in time to turn it over to Harris Teeter for interior construction in late March or early April. According to Glen Thomson of Harris Teeter, the store at the corner of First and M Streets, NE, might open as early as November. The grocery chain signed a 20-year lease for the site with Stonebridge in 2009. The District is providing a tax incentive to assist with the cost of providing 150 parking spaces for the Harris Teeter store, as it did with the DC USA Center in Columbia Heights. The two-phase Constitution Square project kicked off in April of 2008 and will eventually include a 206-room Hilton hotel, 440 apartments, and 340,000 s.f. of office space. 

Washington, DC real estate and development news