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Eagle-eyed workers at USDOT had asked me about this lately, and now WBJ confirms (subscribers only) that work has stopped at the Foundry Lofts rehab project at the Yards: "Forest City Washington started transforming a former Navy industrial building into 170 loft apartments last year but recently called off the construction crews thanks to, you guessed it, a lack of financing -- in this case an inability of the D.C. Housing Finance Agency to sell bonds for the subsidized units."|
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While everyone continues to nervously eye the commercial real market, Opus East has continued to sign tenants at 100 M Street. In addition to Parsons (who signed for 30 percent of the building's space early on), deals have now been completed with Battelle's transportation group (about 6,000 sq ft) and NAVSEA contractors CDI Marine (6,000 sq ft) and Orbis (7,400 sq ft). This brings the building to about 43 percent leased, according to Opus, with contracts closed to be completed for another 8,000 sq ft.|
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100 M, Retail, Square 743N
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100 M, Retail, Square 743N
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70/100 I, 900m, Capitol Hill Tower, inauguration09, jpi, M Street, Onyx, parking, Retail, Douglass Bridge, Square 743N, Square 699n, Nationals Park, Velocity Condos
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1015 Half, 250 M/New DDOT HQ, Canal Park, Capper, Capitol Quarter, Monument Valley/Half St., Retail, square 697, Nationals Park, Teague Park, The Yards
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This afternoon the city's Board of Zoning Adjustment approved unanimously two requested variances that will allow 801 Virginia Avenue to go forward as a 19,000-sq-ft office building with 3,000 feet of ground-floor retail. I admit to listening to the webcast with only about half an ear, but the bulk of the discussion seemed to be centered around the applicant's request to only have 17 underground parking spaces instead of the required 30 (17 is still four more than were allotted in the original condo-building design). As I wrote about a few weeks back, the developers say that groundwater levels and potential soil contamination issues would make it prohibitively expensive to dig two additional levels of parking (and having to have the garage entrance on L Street apparently doesn't help, either). |
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West Half St., Development News, meetings, meetings, Metro/WMATA, Retail, Nationals Park, zoning
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11th Street Bridges, Foundry Lofts/Yards, Onyx, Retail, WC Smith/Square 737, Square 699n, Nationals Park, Velocity Condos, The Yards
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