The Flats at Blagden Alley to Start Taking Reservations

The Flats at Blagden Alley, a much-talked about project from Walnut Street Development, located one block from the new Convention Center in the rapidly developing Shaw community, has just announced that it will start taking reservations from interested buyers. The Flats will be comprised of 45 residential condos, ground floor retail, artist lofts, and office space for associations and small businesses. There will be a mix of studios, one, one with den, and two bedroom units, penthouses with balconies and terraces, duplexes, and lofts, with prices starting in the high $200s and going into the $800s for the penthouses.

National Harbor Developers Announce Hotel Plans

Developers at National Harbor announced today five new hotels that will occupy the 300-acre project on the Potomac: Residence by Marriott, Hampton Hotel, Westin, Fairfield Resorts, and Aloft. The site, in Prince George's County just south of the I-495 / I-95 intersection, will offer prime waterfront where the Potomac both widens and deepens, allowing waterfront vistas and a convenient marina and harbor that real estate developers say will be 15 minutes by boat from Washington DC. The project, which broke ground last year, will offer a strong southern pull for the area's large scale development long conspicuous in DC and across the river in Alexandria but comparatively rare in P.G. County. The impact could be stunning to a region with an industrial maritime history that now makes little use of its extended waterfront. While DC's own waterfront development takes shape near Nationals Stadium and, at a sloth's pace, in Southwest, developers at National Harbor had already announced plans for the regions largest hotel, a 1500 room Gaylord National Resort and Convention Center that will open in 2008. That great sucking sound is DC's tax base moving to P.G. County. DC hotels, with an occupancy rate currently below 70%, are projected to contribute $51m just in direct tax revenue in FY 2006 in the District, a fact not lost on planners in P.G. County. National Harbor has also been approved for 2500 residential units – all in the form of condos - with mixed residential and retail buildings slated to occupy prime waterfront and main street locations in 2009. 

Maryland, real estate development news

Nehemiah Center Faces the Reaper

Level2 Development of DC announced a preliminary plan for developing the Nehemiah Center, a block-long strip mall at 2400 14^th Street between Columbia Heights and U Street. The developer, already marketing View14 condominiums just across the street at 14^th and Florida Ave., is partnering with Chicago-based Centrum Properties for both projects. The team hopes the weight of the two projects will bring a transformation of the area into a “retail anchor” by adding parking, 20,000 square feet of retail and 225 residential units replacing the out-of-place shopping center, and 17,000 s.f. of retail and 170 condos at View14. Shalom Baranes will design the newest project, which should start construction late next year. A spokesman said Level2 purchased the Nehemiah Center for “approximately $13m” and envisions the area as a “gateway between Columbia Heights and the 14 ^th & U corridor, an area largely bypassed by local development.” No name has yet been adopted for the new project.

The ABC’s of NOMA and SOFLO

In the recent best-selling book The Tipping Point, author Malcolm Gladwell tells us that the “best way to understand the dramatic transformation of unknown books into bestsellers…or the phenomena of word of mouth or any number of the other mysterious changes that mark everyday life is to think of them as epidemics. Ideas and products and messages and behaviors spread just like viruses do."After reading yet another newspaper article that casually mentions without explanation such once-esoteric neighborhood names like NoMa and SoFlo, I agree – we are infected. Now the question is: Do we want an antidote, or has it passed Gladwell’s tipping point and here to stay?

No matter on which side of this linguistic battle line you reside (this clearly seems to be a “love it or hate it” topic), one thing is for certain: Blame New York City. Read this complete article in the Downtowner newspaper...