Monday, May 24, 2010
New Apartments to Surface on Georgia Avenue
Labels: Georgia Avenue, Grimm + Parker, Mi Casa, Neighborhood Development Company, Parkview
The development team is working with Grimm + Parker Architects on the design. The project will have a green roof, with solar panels that power some of the common area lighting. Adrian Washington, a Principal at NDC, said the design team wanted to make a statement about the "important corner" and that the rooftop trellis element "creates a strong corner" for the block, while the rest of the design strikes a balance between a contemporary building and something that "fits with the neighborhood." The apartment building will deliver over 10,000 s.f. of ground floor retail and 69 rental units, half of which will be affordable housing available at 60% to 80% AMI. Within walking distance to the Georgia Avenue/Petworth metro station, the building will offer residents 29 below-grade parking spaces.
Since receiving zoning approval in March of 2009, the development team has been working on finalizing plans to apply for permits, negotiating relocation agreements with existing businesses and securing financing. In January, the District Council approved a $447,000 tax abatement for the project and the team has an application in with the US Department of Housing and Urban Development (HUD) for additional financing options. "We're on track for everything...the financing is what is slowing us down" explained Washington. The HUD application process is "taking a lot longer than we thought it would take," he added, but the federal housing agency is "the only game in town," so wait they must.
Washington said his team has spoken with two or three potential tenants, but no one wants to make a commitment this far in advance, "nothing much is going to happen until you've got a building that is coming up." The developer described the attitude he and his partners at MiCasa have for the project as "bullish." That said, Washington admits "developing infill sites in the city especially in neighborhoods in transition is hard" especially in this "very difficult economic environment."
The developers purchased the property in June of 2008 for $2.75 million under the entity Georgia and Lamont Limited Partnership. Hamel Builders is the general contractor.
Washington DC real estate and development news
Friday, October 03, 2008
Northeast DC Icon Gets a Little Help
Labels: Banneker Ventures, Blue Skye Construction, Jim Graham, Mayor Adrian Fenty, Neil Albert, Strand
“There will be more energy back on this corner for the neighbors who live in the Ward 7 community, east of the river in general and for the entire city,” said Fenty from the sidewalk of 5131 Nannie Helen Burroughs Avenue, NE. Fenty and WCDC head Rev. Steve Young, also leader of the Holy Christian Missionary Baptist Church for All People located across the street, went on to promise that 30 - 40 new, permanent jobs will created as a result of the revitalization effort.
Curiously enough, this marks the second time the District has named the WCDC and Banneker as developers in charge of the Strand. The first came this past July, when Deputy Mayor Neil Albert told DC Mud that the project would “break ground in the next two weeks.” Sean Madigan, the Mayor’s press contact, today told DC Mud the District was forced to hold off a bit, while the rest of the details concerning the theater were hammered out.
Banneker has had a dream year lobbying District officials, having secured from District work on the Strand, and having been named Master Planners for the Park Morton redevelopment, and as a developer of the $700 million Northwest One development. WMATA added to the company's portfolio by naming Banneker the lead developer in June for its Florida Avenue project, and Banneker has its own plans in place for 814 Thayer, a 52-unit condominium in Silver Spring's central business district. WMATA Board member and DC Councilmember Jim Graham reportedly pushed for the developer's inclusion in the project; WMATA said it chose the developer based on its "experience," noting the technical difficulty of building a project on top of an existing Metro tunnel, though Banneker has no previous experience building above a Metro tunnel. Or, apparently, above much else. Park Morton, 814 Thayer, and the WMATA project have yet to break ground, and Northwest One has only recently done so, leaving the conversion of several small apartment buildings into condominiums as its only achievements. Banneker's website touts its appointment to several of the above projects, as well as its "tremendous breadth of experience and professionalism." Calls to Banneker’s metro area offices went unanswered.
As it stands today, Green Door Advisors and Blue Skye Construction will handle the build-out of the heavily dilapidated building, located at the intersection of Burroughs Avenue and Division Avenue NE. The Strand Theater is currently on the DC Preservation League’s list of Most Endangered Places in the District. Hopefully, that will be changing as the Strand moves on to a bigger and better future.
Washington DC commercial real estate news
Thursday, October 04, 2007
Alexandria Gives Thumbs Up To New Park
The Alexandria Planning Commission yesterday recommended approval of the master plan for a 13.7-acre bio-friendly park, creating two 86,000 s.f. athletic fields and public facilities between Duke Street and Eisenhower Avenue. The entire $62 million cost is being footed by the federal government to compensate Alexandria for the problems associated with redevelopment of the Woodrow Wilson bridge and 7 ½ of miles of beltway. The final plan will be presented at a public hearing by the City Council on October 13th at 9:30 AM.
The Witter Property at 2600 Business Center Drive will accommodate the two athletic fields, one multi-use baseball field, 141 surface parking spaces and a multitude of pedestrian amenities. The master plan calls for three unique solar powered structures: two open air pavilions and public restroom facilities, totaling over 1,800 s.f. Although the structures are far too small to qualify for LEED certification, the nationally recognized benchmark for “green” buildings, the entire facility has been designed to be proactively bio-friendly. The three buildings will house solar panels or photovoltaic roofing shingles in conjunction with an efficient use of natural and low-voltage light to reduce electricity consumption. The plans include bioretention systems throughout the facility to collect and reduce rainwater runoff coupled with dense rain gardens on the southern edge of the property to help absorb and filter the water, a “natural” way to continually recharge the soil in the park with clean, recycled water.
The property was purchased in 2006 by the City of Alexandria for $12 million, but reimbursement of the acquisition price and construction of the facility are being provided by the Federal Highway Administration (FHWA) in a mitigation effort involving the Woodrow Wilson Bridge Project. The FHWA began work on the Wilson Bridge traversing the Potomac River and connecting Maryland and Virginia via the beltway, in 1999, finishing earlier this year. Along with the replacement of the existing bridge, the plan called for upgrades to four interchanges along the corridor, with the underlying theory being that the rampant traffic issues that plague the area would be alleviated upon the project’s completion.
The entire Wilson Bridge Project, which has cost an estimated $2.5 billion to date, has caused “collateral” effects including noise pollution caused by the construction and additional traffic congestion along the corridor. The new corridor cut into the green pastures of Jones Point Park and led federal archaeologists to research and excavate the neighboring lots two blocks west of the entrance to the park where a lost cemetery was thought to have stood, in an attempt to preserve any archaeologically significant material. Development on the site dates back to the 18th century, when it was divided into separate parcels of farmland and a lone family cemetery. The Fruit Growers Express Company (FGEC) purchased it in 1926, using the land for the maintenance of railroad refrigeration cars. In 1989, CSX Transportation purchased FGEC and took ownership of the site, converting it and its existing structures for industrial use. Excavation of the site uncovered Freedman’s Cemetery, home to more than 1800 graves of freed slaves from the Civil War era. Dr. Pamela Cressey, an archaeologist for the City of Alexandria for over 30 years, thinks that this type of archaeology will become more prevalent prior to construction. “In the DC metro area and slightly beyond, we now have County Archaeologists that are operating as managers. As a result, more and more developers are doing archaeological surveys in all jurisdictions as a part of their county’s codes, practices and policies.”
Sunday, March 21, 2010
Donatelli Breaks More Ground in Petworth
Labels: Donatelli, Georgia Avenue, Petworth, Willco Residential
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.
Tuesday, October 27, 2009
Northwest One Project Announces Start Date
Labels: Banneker Ventures, Northwest One, William C. Smith
The $80m project will include 313 new housing units, with 30% pledged for "affordable" housing. 59 of the units will be set aside for former Temple Courtiers.
The Warrenton Group has been having a good year with DC officials, having been named recently as the local partner for the planned Park Morton, a $130m project announced earlier this month, and having been selected last December (as Banneker Ventures) to build the Deanwood Community Center, and last October rebuild the Strand Theater. Warrenton Group was also given a new lease on life for the Florida Avenue parcel, awarded to Banneker by WMATA in 2008 but not built out.
Architecture firm Eric Colbert & Associates will design the 12-story building, and William C. Smith & Co affiliated WCS Construction team will build it. The larger Northwest One project, in all $700 million worth of development, will also include Jair Lynch and affordable housing provider Community Preservation and Development Corporation, which together will team up as the One Vision Development Partners as a Certified Business Enterprise.