Since January, 2003
            
 Sliding from Before to After

Just out from the Foundry Lofts Facebook page, a note saying "Mark your calendars Foundry Lofts fans! Pre-leasing starts August 15th, and we'll be opening this October!"
This is the old Pattern Joiner Shop on the southeast corner of 3rd and Tingey in the Yards, behind the US Department of Transportation building and just north of the Yards Park. Work to transform the 1918 structure into a 170-unit apartment building first began in 2008, but stalled later that year because of funding issues; work then re-started last August when new financing for the affordable housing units in the building was secured.
The building will also have ground-floor retail, with announcements on tenants expected "soon."
My Foundry Lofts page has plenty of additional information, as well as before-and-during photos.
UPDATE: With a hat tip to reader mikescorpio in a different JDLand comment thread, here's the prices that the Foundry Lofts Facebook Info page list: "1-Bedrooms from $2,100s, 2-Bedrooms from $2,700s, Penthouses from $3,400s. Apartments Available October 15, 2011, Penthouses Available December 15, 2011."
Comments (14)
   
 
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MJM says: (6/11/11 9:38 AM)
Not sure if it will be their office or a model or Boilermaker related or Lumbershed related or something unrelated but there is a trailer across from Tingey Square.


SW says: (6/11/11 2:26 PM)
Just what this city needs more of: overpriced apartments.


Mark says: (6/11/11 8:51 PM)
I just hope the neighbors don't bring any more negativity... jeez.


contemna says: (6/11/11 11:20 PM)
I wish there were more information on floor plans, SQft, and even concept sketches... of things other than the outside of the building.


JD says: (6/11/11 11:22 PM)
That will all come in August, Heather, when the pre-leasing starts.


SF says: (6/12/11 1:22 AM)
SR/A is the firm doing the interior work. Their website has concept sketches of the interior common areas (but the site is Flash-based so I can't directly link to the content). You can find the Foundry Lofts stuff under the "The Work" section of their site.

link


DCNatty says: (6/12/11 4:30 PM)
Its not overpriced if people are willing to pay it and live there.


Eric says: (6/12/11 5:35 PM)
Why so many apartments? Foundry Lofts look like a cool place to buy.

That being said, how are they getting away with charging so much rent? Is it because the buildings are brand new? It's not like there's tons of amenities around here. The cheapest of these rents is more than my mortgage+condo fees at Velocity.

Oh, and I guess the crime rate's pretty low. But still...


MJM says: (6/13/11 8:38 AM)
Exactly DCNatty - Eric, they can charge those prices because there are not too many places in DC that overlook a brand new park on a developing waterfront a short 1/4 mile walk to the stadium across a floating bridge not to mention the boilermaker shops and a grocery store (if that rumor comes true). It is in the heart of the yards. I'm sure we might have sticker shock with the Half St rentals when those hit the market one day. But I'll bet that the prime Foundry penthouse goes for $4,500/month - over/under?


MJM says: (6/13/11 8:40 AM)
And from the looks of the website link above it appears to be more upscale than Velocity which might be sad


GaryRKarr says: (6/22/11 3:24 PM)
Update on floor plans from Twitter:
FoundryLoftsDC Hi, @garykarr! Floorplans are in works! Likely 30-45 days until floorplans are public. Just walked through.. we're eyein' the penthouses :)


shastasusa says: (6/26/11 1:02 PM)
DC doesn't want the middle class to have affordable housing. If you are poor or wealthy welcome home. The rest of us have to commute an hour and a half to get to work. (by the way, not a smart business plan, the middle class is the sustainable class) Not to mention the Am. economy has tanked. There is no other place in the country still charging these type of rents. Sorry guys...good luck to you. Hope you get what your asking for but it won't be from me. I can't afford it, still own a house in CA worth half of what I bought it for.


Andrew in DC says: (6/27/11 1:12 PM)
"There is no other place in the country still charging these type of rents."

That's a bold statement. Pretty sure we don't have NYC beat. Or SF. I'd be surprised if a comparable place in LA/Chicago wasn't as expensive (i.e. not in the sticks).

Sorry about your house - but envisioning the whole of real estate across the country as a unidirectional mass was sort of what caused the bubble in the first place.


Charles says: (6/27/11 1:46 PM)
shasausa - Your post simply does not make any sense, nor have any basis in reality. First and foremost, the Lofts are not the only rental product in the area. If you want to live here, there are plenty of buildings with vacancy at lower rates. Not to mention the subsidized housing opportunities over at Capitol Quarter.

Meanwhile, Andrew is absolutely correct in pointing out that prices here are far less than those in many other markets. Most of my friends that live close to work in Los Angeles pay well over $3,500 for their two-bedroom units.

Forest City has a VERY smart group of people. Rest assured, they have done their market studies and analysis. With the renderings of the finish treatments, it looks like they have positioned the park-fronting property as the top-end for the area and should have no problem leasing out quickly.

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