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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 (8)
 
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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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City Government Data for Near Southeast Records added or updated recently displayed here; click the "archive" links to see additional detail and older records. All data from DC Government databases and RSS feeds. JDLand takes no responsibility for errors, omissions, etc. (read CapStat disclaimer). Data is retrieved daily.

Recent Crime Incidents Archive  
200 B/O M ST SE   THEFT /  10/12/14
200 B/O I ST SE   THEFT /  10/08/14
70 B/O I ST SE   THEFT F/AUTO /  10/08/14
800 B/O L ST SE   BURGLARY /  10/07/14
9TH ST SE AND POTOMAC AVE SE   THEFT F/AUTO /  10/03/14
100 B/O K ST SE   THEFT F/AUTO /  10/03/14

Active Public Space Permits Archive  
1331 2ND ST SE    Carlton Ray 
Assigned
paving; streetfixture; excavation  
 02/10/14
to
02/09/15
1331 4TH ST SE    Forest City Forest City 
Issued
excavation; new  
 01/10/14
to
02/10/15
301 TINGEY ST SE    Potbelly Sandwich Works LLC 
Issued
new  
 03/21/12
to
11/27/14

Recent Issued Building Permits Archive  
1019 4TH ST SE   
10/14/14 
JOHN SHORT
F1500026 / CONSTRUCTION
WE WILL INSTALL AN ORNAMENTAL IRON FENCE IN THE FRONT YARD WITH A GATE. THE FENCE IS 3 FEET HIGH AND THE FENCE WILL BE BLACK IRON. FENCE IS ENTIRELY ON PUBLIC SPACE.
1212 4TH ST SE   
10/16/14 
FC 1212 LLC / PAUL R. JABLONSKI
E1500411 / SUPPLEMENTAL
   
10/16/14 
FC 1212 LLC / ARK SIGN SERVICES INC.; NONE
SG1500034 / CONSTRUCTION
INSTALL ONE WALL MOUNTED ILLUMINATED SIGN.
41 L ST SE   
10/24/14 
BILL CUMMINGS POC FOR WMATA MRP REALTY/CAS RIEGLER / EOIN DURCAN POC FOR SCHNABEL ENGINEERING
SB1400457 / CONSTRUCTION
TEMPORARY GEOTECHNICAL SOIL BORINGS NUMBER OF BORINGS: 3 DEPTH OF BORINGS: 60 FT DRILLING METHOD: 3.25 INCH HOLLOW STEM AUGER HOLE DIAMETER: 5 INCHES WELL ABANDONMENT PROCEDURE: TREMIE GROUTING WITH BENTONITE GROUT
20 M ST SE   
10/17/14 
SOUTHEAST REALTY LLC / DAMON ELLIS; .
SG1400457 / CONSTRUCTION
INSTALLATION OF NEW NON ELECTRIC SIGN 10FT L 1FT 8IN H 3IN W
100 M ST SE   
10/15/14 
NORTHWOOD INVESTERS LLC / STANLEY HUBBARD; NORTHWOOD INVESTERS LLC; STANLEY HUBBARD
E14516088 / SUPPLEMENTAL
   
10/17/14 
WASHINGTON D.C. / GARY MCVEY; WASHINGTON D.C.; GARY MCVEY
E50257566 / SUPPLEMENTAL
901 M ST SE   
10/16/14 
CARLTON RAY
AH1500035 / CONSTRUCTION
TO PERFORM TEMPORARY LANE CLOSURES
1201 M ST SE   
10/14/14 
COMCAST CABLE / MICHAEL SONESEN
AH1500018 / CONSTRUCTION
PLACING INNERDUCT IN EXISTING VERIZON MANHOLES. OCTOBER 9 2014 ? NOVEMBER 9. 2014. 7PM ? 2AM WEEKNIGHTS ? SATURDAYS
   
10/16/14 
CARLTON RAY
AH1500034 / CONSTRUCTION
TO PERFORM TEMPORARY LANE CLOSURES
1000 NEW JERSEY AVE SE   
10/14/14 
CAPITOL HILL TOWER HOUSING COOPERATIVE INCF / RICHARD G. FINFROCK
P1500331 / SUPPLEMENTAL
1111 NEW JERSEY AVE SE   
10/16/14 
GALLERY CAPITOL RIVERFRONT / THOMAS P MCGUIRE
E1500402 / SUPPLEMENTAL
300 TINGEY ST SE   
10/15/14 
FC BOILERMAKER LLC / BIRKHEAD ELECTRIC INC.; ERIN ANCHOR SIGN INC
SG1500023 / CONSTRUCTION
2-COMMERCIAL SIGN INSTALLATION
301 WATER ST SE   
10/23/14 
FOREST CITY
B1408021 / CONSTRUCTION
REVISION TO B1305741 EXTERIOR SEATING LOAD FROM 188 TO 345 EXTERIOR SEATING CONSIDER AS SUMMER GARDEN ON PRIVATE PROPERTY PER GSA / DC GOV EASMENT.
AH = After Hours; B = Alteration & Repair; D = Demolition; E = Electrical; FB = Boiler; M = Mechanical; P = Plumbing and Gas; PC = Post Card; R = Raze; SG = Sign; TL = Tenant Layout; TN = Tent; RW = Retaining Wall;

Real Property Sales Archive  
CUSHING PL   09/11/14
$ 9,000,000
HALF STREET RESIDENTIAL PJV LLC
 
HALF ST   09/11/14
$ 12,500,000
HALF STREET RESIDENTIAL PJV LLC
 
N ST   09/11/14
$ 12,500,000
HALF STREET RESIDENTIAL PJV LLC
 
CUSHING PL   09/11/14
$ 9,000,000
HALF STREET RESIDENTIAL PJV LLC
 
N ST   09/11/14
$ 12,500,000
HALF STREET RESIDENTIAL PJV LLC
 
N ST   09/11/14
$ 12,500,000
HALF STREET RESIDENTIAL PJV LLC
 
HALF ST   09/11/14
$ 12,500,000
MR BP RESIDENTIAL #1A LLC
 
N ST   09/11/14
$ 12,500,000
MR BP RESIDENTIAL #1A LLC
 
0025 POTOMAC AV   08/08/14
$ 78,486,500
RIVERFRONT HOLDINGS I LLC
 


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