From the Post
: "D.C. Mayor Anthony A. Williams announced plans today to build a mix of underground and above-ground parking adjacent to a new baseball stadium in Southeast Washington as part of a complex that will include shops, restaurants, 660 condominiums and a swanky New York City-based hotel. [...] [T]he compromise plan would call for 900 parking spaces on one level below ground to serve the condo owners, hotel and retailers. Above ground, there would be two different structures. The first two levels of both structures would be restaurants and shops and on top of those would be four levels of parking -- totaling 925 spots -- wrapped by condominiums. Another eight levels on top of that would be more condos, including 140 units priced below market value for lower-income residents. A 180-room hotel also is planned for the corner of First and N Streets SE." Developer Herbert Miller is going to pay the city $70 million for the property, and his investors will finance the additional $300 million needed for the project. He says that the parking will be completed by April 2008, but the rest will take an additional year. And for the ugly foreboding part of the story: "The city still faces a few hurdles. It must win approval for the project from both the D.C. Council, which must authorize the transfer of land rights to Miller, and the D.C. Zoning Commission, which will hear the plans Monday." And we know
how much the council likes passing stadium-related legislation!
Here's the WashTimes story
on the deal, and the Washington Business Journal story
, and says that Miller will be paying about $82 per buildable square foot, with a final price TBD after a deal is reached for the amount of affordable housing to be included.
UPDATE, 10:10 pm:
The print version of the Post story is now available ("Mayor Offers Compromise On Stadium Parking Plan
"), and the big additional news is that the Lerners aren't on board with the new plan, but that it appears it doesn't matter (after all, the stadium is owned by the city, not the team). The important people now are the Zoning Commission (the stadium zoning hearing
is Monday) and the City Council. No reaction in the Post piece from any council members.
UPDATE, 9:17 am:
The WashTimes printed piece
doesn't have much new (all the same quotes from Stan Kasten), but says that a vote is expected at the council's July 11 session.
With not exactly lightning speed, the Anacostia Waterfront Corporation has now posted its June 20 press release
about the agreement on its web site.