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It always seemd a little odd that Toll Brothers chose "River Parc" as the name for the new apartment building now in its final stages on the southwest corner of 1st and K--after all, there's been the mid-century goodness of the River Park townhouses and apartments over in Southwest since, well, the middle of the 20th century.
A few weeks ago, promotional signage went up across street from the new building, trumpeting RiverParc.com, and all systems seemed go. However, a reader passed along the news today of an e-mail from Toll Brothers announcing that River Parc is now the Parc Riverside.
River Parc/Parc Riverside, which according to the e-mail is now expected to deliver in November, does now have a functioning web site, with floorplans, lists of amenities (hey, everyone gets a garbage disposal!), and a few new renderings, but not the rental prices that I'm sure people would like to see at this point.
And now I shall go do a River Parc/Parc Riverside search-and-replace all across my site.
UPDATE: And, oops, I guess I should have included that the leasing office will open this coming Monday, Sept. 22.
Comments (8)
More posts: Development News, Toll Brothers Lots
 

Does everyone want some more Half Street news? Last night's Monument Realty news about the east side of the street isn't enough for you? Are you tapping your toes, wanting to know when the shipping containers are going to disappear from the other side of the street?
The Washington Business Journal, having now heard the same rumors I heard a few weeks ago (hence my sneaky comment in my Monument post about "whether Akridge is currently making any moves"), is reporting that Akridge is working to market its Half Street project to potential investors, with the company needing to replace a capital partner "that desires to leave the project." WBJ says that Akridge "expects to have some closure on a new partner by the fourth quarter," and that "All forms of transaction are on the table."
Akridge has been planning since 2008 to build two office buildings, a residential building, and 55,000 square feet of retail on the west side of the street. Whether those plans will stay the same once capital is found, well, We Shall See.
Comments (3)
More posts: Akridge/Half St., Development News
 

Documents filed today show that Monument Realty, which sunk its teeth whole-heartedly into the Nationals Park-fueled land rush of 2004 and 2005, is exiting Half Street, with the sale of the company's two remaining parcels, best known to baseball fans and residents as the location since 2009 of the big hole in the ground on the east side of the street.
The buyer of the properties is officially Half Street Residential PJV, LLC, which the Washington Business Journal is reporting is a new partnership of MacFarlane Partners and Jair Lynch Development Partners.
WBJ: "MacFarlane already owned a 50 percent stake in the residential portion of Half Street. With local partner Jair Lynch, MacFarlane essentially bought out Monument and Lehman," with an expectation that the "new team will bring this languishing project to life."
The price of the sale is roughly $12.5 million. (UPDATE, 9/17): A follow-up WBJ story on the new owners' plans for the site says that a check was cut for $34 million.
Monument had planned a hotel and 320 units of residential on this site, and went ahead and dug the hole back in 2007 and 2008 as it built the 55 M Street office building at the north end of the block. But the economy tanked, and the "Monument Valley" hole languished (and became quite the urban forest).
This move isn't exactly a surprise: it had looked a few months ago like something was coming, as Lehman had taken back a portion of this stretch of Half Street just as it had with two other Monument properties that quickly ended up being sold: the 50 M site that is soon to be a Homewood Suites, and the lot on the northeast corner of South Capitol and N that JBG is now planning to develop as a residential building.
Monument now is involved in only one property in the neighborhood, the old Domino's site at South Capitol and M that they made initial moves to develop as an office building a few years ago. (But, in what may or may not mean anything, there have been permits issued in recent days for soil borings on that site, which is often a precursor to a sale. I'm not saying--I'm just saying.)
This is the end of quite a chapter in the neighborhood's rise--and the beginning of a new round of toe-tapping about progress on what was once envisioned to be one of the liveliest stretches of street in town. It will be interesting to see how quickly MacFarlane/Lynch move, and what their new plans may be, (And, for that matter, whether Akridge is currently making any moves on its side of Half Street.)
Comments (19)
More posts: Development News, Monument/Half St.
 

The next step in the process to redevelop the Metro "chiller site" on the southwest corner of Half and L streets, SE, is expected later this week, with the WMATA board set to vote on the term sheet for the sale of the site to MRP Realty and CAS Riegler.
It was announced back in June that WMATA had chosen MRP/CAS's plan to redevelop the site with a 126-unit condo building with 6,000 square feet of retail.
The term sheet lays out the requirements of the sale, which include the preservation of the existing chiller plant operations at or below grade level, chiller plant cooling towers on the building roof, and 500 square feet of office space for ten years for Metro staff. In addition, Metro will have five parking spaces at the building, which is currently designed to have 55 parking spaces for the 126 units.
The documents prepared for Thursday's vote include the above drawing, showing the new building as seen from the northeast corner of Half and L. (That's 20 M at left and 1015 Half at far right.)
However, because nothing ever moves swiftly with this site, this vote just means that WMATA and MRP/CAS can then negotiate the full Joint Development Agreement, setting the terms for the purchase of the site, construction of the project, and continued WMATA operations on the site. It's not expected that agreement will come back to the WMATA board until spring--and then the closing of the sale of the site would be 24 months after that approval, which pushes the timeline into 2017.
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More posts: Chiller Site/WMATA, Development News, Metro/WMATA
 

I admit, it's been a while since I've done any wandering south of the freeway (newcomers to JDLand may not be aware that I don't actually live in the neighborhood I've been photographing for the past 11 1/2 years). So on Saturday morning I went out to check on the progress in various locations.
Thanks to the demolition of Spooky Building 213 (STILL not done!), it was at New Jersey and M where I was able to catch my first glimpse of exactly how behind I've gotten. My exact words can't be printed on a family blog, but I quickly hustled down to 1st and N to document the vertical construction of the Hampton Inn, now five floors above ground.
The developers are looking to have the 168-room hotel open by mid-2015, and clearly they aren't dilly-dallying.
And if you're wondering about the space in between the wings of the hotel, where the white fence is, that's not part of the Hampton project--it's an annex of the big Ballpark Square residential/hotel/office/retail project that will be filling up the rest of 1st Street between M and N. As you can see on the project page, a two-story retail building is planned for that site.
As for a before-and-after of the Hampton Inn site, let's go to the north side of N Street, just across from the stadium's Parking Garage C, and see the difference:
A bit of a change from the Quality Carryout.
And when I say that the Spooky Building 213 demolition isn't done, here's all that's left, other than rubble. So close. So very close.
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More posts: Development News, hamptoninn, photos, Square 701
 

These are all items I had hoped to write about more fully, but at this point I'd better just pass them along.
* FLORIDA ROCK: MRP Realty is now in control of the land at the Florida Rock site that will become the 350-unit apartment building that is the first phase of RiverFront on the Anacostia. A $65 million loan is expected to be finalized soon, and the developers say that the project will "commence construction by late summer 2014." (WBJ)
* BEVY OF PERMITS: If you browse the teeny type in the right margin of the JDLand home page, you'll already know that building permits have been approved in the past few weeks for the apartment projects at 1111 New Jersey and 1331 4th Street (aka Parcel N at the Yards, aka Arris). A tenant layout permit has also been approved for CBS Radio's first-floor performance studio at 1015 Half Street. Also, fresh off its zoning approvals, developers of the Homewood Suites at 50 M have filed for shoring/sheeting/excavation permits.
* LATEST ON 1333 M: Late last year plans were filed with the Zoning Commission for a three-building, 673-unit residential project on M Street east of the 11th Street Bridges. After some delay, a Dec. 1 hearing date has been set, and WBJ takes a look at recent filings, including some new renderings.
* THE YARDS, ONE PIECE AT A TIME: "Rather than purchase all 42 acres up front, Forest City buys each parcel from the General Services Administration as it is ready to build. The latest: The $28.37 million acquisition of 1331 Fourth St. SE, site of the 327-unit Arris apartment project." Total land costs so far across the Yards? $46 million. (WBJ)
* TUNNEL LATEST: With a council hearing about the project coming on Aug. 26, the Federal Highway Administration has postponed its final decision on the Virginia Avenue Tunnel until at least Sept. 15. But the delay is affecting residents and businesses. (WaPo)
* SCHOOL BOUNDARIES: The planned reopening of Van Ness Elementary next year passes another milestone, as its boundaries get included in the city's revamped map, released earlier this week. The final boundaries cross into Southwest south of M Street, shifting some students over to Van Ness from Amidon-Bowen, "to better align school building capacity with population and with boundary participation rates, and to support racial/ethnic and socioeconomic diversity, where possible." (WaPo)
 

Materials filed with the Zoning Commission earlier this month are giving a first glimpse at JBG's plans for 1244 South Capitol Street, on the northeast corner of South Capitol and N, just across from Nats Park's Parking Lot C.
It will be a residential building with 290ish units and about 26,000 square feet of retail, and the renderings indicate that the design by architect Eric Colbert and Hariri Pontarini isn't a "typical" Washington DC box-like building. Images show the building's west side, facing South Capitol Street, with only six floors of height at its middle, allowing the interior courtyard to be open to South Capitol from the 6th floor on up, breaking up the pure U-shape that is so often employed 'round these parts. A few more views (click to enlarge):
At left is a stylized version of the view that you'd see standing at Van Street one block west of the Center Field Gate, looking toward the big self-storage building and points to the northwest. At right is a closer view of the South Capitol Street facade and the courtyard, upper floors, and roof. (Note that in these three drawings you can see hints of Akridge's proposed Half Street residential building on the perimeter, though that's not appearing to be getting underway anytime soon.)
The 26,000 square feet of retail will of course warm the hearts of stadium-goers, and the filing indicates that the retail spaces will wrap around on three sides of the building. This rendering depicting the corner of South Capitol and N (with a certain dome in the distance) shows two stories of retail along both streets, with more ground-floor spaces designed along Van Street.
There would be 176 parking spaces on three levels below ground for vehicles and and 100 spaces for bikes. Residential units would range from studios to 2 BR/den. The courtyard and 6th-floor open space would have plantings and seating areas, while the roof would have a pool, lounge areas, and a bocce court (!). These plans also show "rooftop dining" at the far northwestern corner. (And will residents be able to sneak a peek at games while hanging out poolside? The image up top seems to show an angle for that to work, but it's hard to tell if the entire field would be visible.)
The design will get its Capitol Gateway Overlay District Review hearing on November 13, and it will be interesting to see how the Zoning Commission members react to the design.
Comments (5)
More posts: 1244 South Capitol St., Development News, zoning
 

On Monday night, the Zoning Commission voted to approve the design for the proposed Homewood Suites hotel on the northeast corner of Half and M, just across from the Navy Yard-Ballpark Metro station.
According to the Washington Business Journal, "Commissioners were not thrilled with the hotel design, specifically the rooftop trellis, but it wasn't a 'show stopper' for any member of the panel."
The commission also okayed the 175-room hotel's plan to only have 40 parking spaces (instead of the mandated 53), but to get that approval, developer Englewood LLC agreed to various transit-related requirements, including offering full-day Circulator passes to guests, designating a "transportation coordinator," partnering with Bikeshare, and installing an information screen in the lobby showing transit status.
Earlier reporting said that it was hoped that construction could begin later this year or early in 2015, though building permits still need to be secured.
While the Courtyard by Marriott at New Jersey and L has had the Near Southeast hotel market to itself since 2006, this Homewood Suites is not the only new entrant--a168-room Hampton Inn at 1st and N is already under construction, and an additional 170-room hotel is expected in that same block once "Ballpark Square" gets underway.
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More posts: Homewood Suites, Development News, zoning
 

The empty lot on the northwest corner of New Jersey and I with the address of 82 I Street is the latest entrant in the latest wave of residential news in Near Southeast, as public records show the 20,000-square-foot site has been sold for what the deed says is $12.25 million.
The Washington Business Journal reports that the lot was purchased by Greystar with plans for a 234-unit apartment building, with what they say is an October 2014 start date, though they'd better start filing building permit applications soon to meet that date.
WBJ also has a rendering of the building, designed by R2L and echoing its neighbors, the 70/100 I buildings and 909 New Jersey,
If it does start this year, it joins a number of other residential projects underway, including its neighbors-to-be across the street the Park Chelsea and 800 New Jersey, along with River Parc one block to the south, Arris at the Yards, the Lofts at CQ at 7th and L, and (presumably) 1111 New Jersey down the block (with Twelve12 now considered substantially completed, as move-ins have begun).
I do wonder if at some point we'll hear the story of the deeds exchanged between the previous site owners and CSX earlier this year for small plots of land, in what appears to be the wake of a lawsuit filed by CSX.
(And I'm irked because I had been hearing rumors of this for weeks, and had been checking public records religiously looking for confirmation. Then as soon as I leave town, boom.)
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More posts: 82i, Development News, New Jersey Ave.
 

I mentioned this the other day in reporting on the new oyster bar coming to the Lumber Shed next year, but in case people didn't read to the end of that post (gasp!), I'll pass along that the 327-unit apartment building under construction at 4th and Tingey in the Yards finally has a name: Arris. And a new web site, though there isn't much there as of now.
The project is now beginning its vertical construction, and is expected to be completed in late 2015. It will also have 20,000 square feet of ground-floor retail.
The above rendering is the angle from 4th and Water, looking to the northwest. The shorter side of the building is the one that will face the Foundry Lofts, with the taller half facing 4th. Additional renderings are on my now-Arris project page.
Comments (10)
More posts: Development News, Arris/Parcel N/Yards
 

City Paper's Aaron Wiener has a piece out looking at how office buildings are turning out to be a smaller part of the Capitol Riverfront development pie than had originally been envisioned.
Some numbers from the article: "As of last year, according to the Capitol Riverfront Business Improvement District, 50 percent of the eventual office development in the neighborhood was built out. By 2017, the BID projects, that figure will be 51 percent—an increase of just one percentage point over four years. In the same time period, the BID forecasts, residential development will have jumped from 24 percent to 47 percent, hotel development from 16 percent to 58 percent, and retail development from 22 percent to 50 percent."
The neighborhood cut its teeth in the late 90s and early 00s on office projects along M Street, so much so that officials such as Eleanor Holmes Norton warned of ending up with a "concrete canyon" that would be empty at night and on weekends. By the time Capitol Hill Tower opened in 2006 as the first new residential building in the neighborhood, seven office buildings had already gone up or were under construction. Since then, four more office projects have been completed, compared to 10 new multi-unit residential buildings (plus five more currently underway).
Wiener pegs his story on the transition of Donohoe's 1111 New Jersey project from a 190,000-square-foot office building (seen above in its original incarnation) to now a 394-unit apartment building that is expected to get underway in the coming months. However, long-time observers can point to multiple other projects where offices were the original plan. Let's go to the roll call:
* Yards Parcel D: You know that Harris Teeter at 4th and M you are tapping your toes for? Originally it was going to be in the ground floor of a 320,000-square-foot office building, paired with a 170ish-unit residential building at 4th and Tingey, when plans were first unveiled in 2007. It was in 2010 that developer Forest City then announced that the entire block would be residential and retail.
* Florida Rock Phase 1: When I started following the neighborhood lo these many years ago (i.e., 2003), the project known as Florida Rock was already well into its decade-long trip through zoning, with the eastern-most building on the site planned to be a 275,000ish-square-foot office building. But after stalling out around 2008, the first phase was recast in 2011 as a 350-unit apartment building that could be getting underway Any Minute Now.
* 50 M: This never got all that far, but after Monument Realty snagged the old Sunoco site at 50 M Street in 2007, the developer did market a 135,000-square-foot office building at the site. Now, after the land was sold in 2013, it's the location of the planned Homewood Suites hotel. (Interestingly, though, my initial posts about the sale of the property in 2006 mentioned rumors of a hotel.)
I don't have any renderings, but over on Square 737, home of the Park Chelsea and the spot where the Whole Foods will be, WC Smith had plans for that block to be home to both 600,000 square feet of office space and and 600 units of residential (though the company wanted a grocery store there ever since it acquired the land in 1999). By 2011, the plans had gone to nearly 1,200 residential units and no office space.
And original plans for the Yards had plans for office buildings on the H and I parcels (on the south side of N just east of 1st, where the big parking lot is), but now it's looking like there will be residential buildings on that site, possibly even within the next few years.
There's plenty of office developments still on the boards for the neighborhood--but while a few will no doubt eventually get started, will others eventually turn into apartments, or hotels, or gather dust for years to come? Or with so many residential projects underway/about to be, is there a housing bubble in the neighborhood that may take a few years to be worked through? We shall see. Time will tell. No one knows for sure. Reply hazy, ask again later.
UPDATE: Dang it, I forgot one! There's the huge project being considered down at 1333 M Street, which was announced in 2010 as an 815,000-square-foot office/hotel/retail project, but is now all residential (673 units) and retail.
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More posts: Development News
 

With its Capitol Gateway Overlay Review hearing now less than two weeks away, the developers of the Homewood Suites hotel planned at 50 M Street SE have submitted to the Zoning Commission new drawings of the building. Click to embiggen.
The angles are from Half Street (left) and Cushing Street (right). The site is directly across M from the west entrance to the Navy Yard-Ballpark Metro station.
The building is planned to be an 11-story, 140,000-sq-ft structure with one level of underground parking with a requested 40 vehicle parking spaces instead of the mandated 53, and 12 spaces for bicycles. I wrote more about the plans a few weeks back, or you can check out the project page for more details and photos of the current location.
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More posts: Homewood Suites, Development News, homewoodsuites, zoning
 

Way back when, the Cohen Companies' plan on Square 699N was to build the Velocity condo building at 1st and L and then almost immediately start work on a twin residential building directly to the north.
Velocity went up, but the twin did not follow for nearly four years--after Cohen sold the empty lot to Toll Brothers, which is now building the River Parc apartment building on the site. And having a different developer build the twin has brought about a sticky situation.
Within recent days, Velocity residents have discovered that Toll's layout for the River Parc roof includes a wall that completely obscures the formerly expansive Capitol dome views from Velocity's roof deck.
This Facebook page shows the old view from Velocity's roof--and the photo below, provided by a resident, shows the new one.
In addition, the new building's design appears to place the building's 237 air conditioning units on the south side of the concrete wall, facing Velocity.
A recent e-mail to Velocity residents informed them that "[T]he ANC Commissioner, The Department of Consumer and Regulatory Affairs and the offices of Planning and Zoning have all been contacted and we are being told that all construction is being done in accordance with all plans, permits, zoning, and easements" and that "Every avenue is being pursued to somehow make this situation better for us." Alas, "[A]s long as they are within all legal parameters of their construction of this building, there is little we can do."
Capitol Dome views are a sticky wicket in the neighborhood, since almost all of the buildings that have already gone up stand to eventually lose their panoramic vistas as newer projects continue to fill in the empty spaces. (Just ask Nationals Park!)
The exceptions are 70/100 I (aka the Jefferson and Axiom) and the about-to-be-built 800 New Jersey, all of which border the freeway and so will likely keep their views pristine, as long as Capitol Hill north of the freeway doesn't suddenly start to allow 13 stories of construction.
But an impenetrable concrete wall certainly puts an exclamation point on the issue.
Comments (12)
More posts: Development News, Toll Brothers Lots, Velocity Condos
 

I've got a few more itty bitty items, so let's have another tidbit go-round:
* LOT LAYING: Enough people have written (and progress has been so slow) that I finally have to post that the work many of you are seeing on the Congressional Square block at 1st and I isn't the beginning of development there--the word is that the parking lot on the west side of the block is being extended eastward.
* PILE DRIVING: Pile driving has started at 800 New Jersey/Whole Foods, if your ears haven't already alerted you.
* TRAILER PLACING: A building permit just came through the pipeline for a temporary sales trailer at 1000 1st St. SE. The land. owned by Akridge, is unlikely to be about to see any large-scale construction, so might this instead be the beginnings of a leasing center for Toll's River Parc across the street?
* FERRY DOCKING: Following up on the ferry news from last week, I finally heard back from the office of Frank Principi in Woodbridge--it sounds like the routes and docking locations are still not 100 percent decided on. There is a stakeholder's group that will ultimately make the decisions, and it is meeting later this month to work on the project. So reports of a "Navy Yard" destination or a St. Elizabeth's destination or a Bolling destination appear to be premature.
 

Metro announced today that it has chosen MidAtlantic Realty Partners and CAS Riegler Companies to develop the agency's 14,000-square-foot lot on the southwest corner of Half and L streets, SE, known as the "chiller plant" site.
Plans are for a 126-unit condo building with 6,000 square feet of ground-floor retail, in addition to integrating the chiller facility into the building.
The deal still has to be approved by Metro's board of directors, but the press release says "construction is expected to begin in 2016."
The press release does not say if the team plans to also purchase the 7,700-square-foot lot next door, which is for sale (and which has a bit of a history).
This will be MRP's second foray into the neighborhood, after having entered a deal in 2011 to co-develop the (still pending) first phase of the Florida Rock development.
The path to developing this site has not been a short one, given that WMATA has been trying to get the site developed since 2006. Three bids were received for the site earlier this year, two residential and one for an office building.

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More posts: Chiller Site/WMATA, Development News, Metro/WMATA
 

The week begins with the news that WC Smith is officially beginning construction this week on 800 New Jersey, the 336-unit apartment building just south of the Southeast Freeway and just north of the topped-out Park Chelsea.
And, in case you don't believe me, I have proof! Witness dirt being dug! A press release from WC Smith officially announcing the start of the $87 million construction project says that pile driving operations will be getting underway this week.
But of course the excitement in the neighborhood surrounding this project isn't for the arrival of still more residential units--it's for the building's 35,000 square feet of ground-floor retail space, which will be home to a long-sought Whole Foods after the building is completed in late 2016.
And, just like with its sibling to the south, 800 NJ's construction will include the construction and opening of a "new" street between 2nd and New Jersey--this time it will be H Street, running from just north of 200 I over to New Jersey just south of the freeway.
This is the second of three residential buildings on the block, with a third, 393-unit building fronting 2nd Street to follow. Residents in all three buildings will be able to use the facilities in every building, giving them "unparalleled access" to club rooms, game rooms, rooftop pools, an indoor lap pool, exercise facilities, dog walk areas, a demonstration kitchen and the 15,000 square foot courtyard.
As for the Park Chelsea, having been topped out a few weeks ago, work continues, with the bricking of the exterior being the next obvious milestone now underway.
My camera got a tour of the Park Chelsea this afternoon, and everyone better appreciate the 12 flights of stairs I walked up to get some of these pictures. (I do and I do and I do for you people.) It is expected to open in Spring 2015.
 

Readers have reported--and Donohoe has confirmed--that the company is beginning to put up scaffolding to erect "overhead protection" around the canopy on top of the Metro entrance at New Jersey and M. And within the next couple of weeks, demolition is expected to begin at St. Matthew's Church on the north end of the block, at L Street.
This is in preparation for what the company "hopes" is a start date later this summer for its 324-unit residential building at 1111 New Jersey (I'm not quite ready to call it "The Gallery at Capitol Riverfront" just yet).
Note that the building will not be directly on top of the Metro station, as 55 M is over at the west entrance. But the big concrete retaining walls and small hill of grass will go away, and the new building will be right at street level.
If 1111 does in fact get underway (my caution is well earned!), it will join the now-lengthy lineup of under-construction residential projects in the few years: Twelve12, Park Chelsea, River Parc, Parcel N, the Lofts at Capitol Quarter, and 800 New Jersey (which should be getting started Any Minute Now, and did in fact get its excavation permit last week). Including 1111 NJ and 800 NJ, that makes about 2,100 new units in the active pipeline. (And maybe 320 more if Grosvenor gets the residential and hotel part of Ballpark Square off the ground this year like it seems to be planning.)
That's a lot of new neighbors....
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More posts: 1111 New Jersey, Development News
 

A move like this was previewed a few months ago, and now it's come to pass: it's being announced this morning that Forest City is selling the "Parcel O" site on the southeast corner of the 4th and Tingey at the Yards to PN Hoffman, who will be building a 130-unit/10 floor condo building.
The trapeze school is currently occupying the site, but they will be moving to the corner of New Jersey and Tingey once the NGA building demolition is completed.
This would be not only the first condo building at the Yards, but the first condo building in the neighborhood since Velocity was finished back in 2009. Judging by my inbox over the years, the demand for ownership opportunities in the neighborhood is strong.
The press release about the project gives some small amount of detail: "These luxury condominium residences will echo the unique industrial past of the site both in building architecture and unit finishes. A range of residence sizes are currently planned from studios to two-bedroom units. A rooftop resident’s lounge, outdoor kitchen and fire pits, private terraces and balconies, and front desk staff are just a few of the features."
Hoffman is a busy company these days, since they are the behind the massive Wharf development in Southwest. The company has been tied to the Yards before, having been attached way back when to the renovation of Building 202 (the big red brick building now just behind Twelve12), but that project seems to be in perpetual turnaround.
There won't be shovels in the ground next week--scuttlebutt says that Hoffman could start the project in late 2015 (about the time that the under-construction 327-unit apartment building across the street delivers), but there's nothing stated officially one way or the other.
This would be the fourth residential building at the Yards, following the 170-unit Foundry Lofts, the about-to-be-completed 218-unit Twelve12, and the aforementioned 327-unit building on Parcel N, which needs a name desperately.
Comments (6)
More posts: Development News, The Yards, Yards/Parcel O
 

Documents filed with the Recorder of Deeds within the past few months show that Lehman Brothers has executed the necessary legal and financial maneuvers to take sole ownership of a portion of the infamous hole in the ground on Half Street just north of Nats Park (which I can't believe I didn't until this instant ever think to call Monument Valley).
The site, on the northern part of the hole and just south of 55 M Street, was going to be the hotel portion of Monument Realty's block-long Half Street development.
This is the third time in the past few years that Lehman has taken ownership of property in Monument's once-vast holdings just north of the ballpark. Lehman was one of Monument's investment partners on these properties, in addition to being the lender.
In both of the other cases, the "foreclosure" by Lehman ended up being a precursor to the sale of the property--both at 50 M, bought by investors in May 2013 and now the site of the planned Homewood Suites hotel, and at 1244 South Capitol, bought by JBG in late 2013 and likely to be a residential project. (The company's 55 M Street office building was sold in late 2013 without a Lehman takeback.)
Whether this is another precursor to another sale, we will have to see.
As of now, Monument retains an ownership stake in only two properties in the Ballpark District: the southern half of Monument Valley, where a residential project was planned, and the old Domino's site at One M Street, where back in 2012 Monument had been starting to shepherd an office project through zoning.
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More posts: Development News, Monument/Half St.
 

Last week developers submitted to the Zoning Commission plans and drawings for the Homewood Suites Hotel being developed at 50 M Street, on the northeast corner of Half and M SE, one block north of Nationals Park.
This is part of the Capitol Gateway Overlay Review that projects in many parts of the neighborhood are required to go through, to make sure that new buildings meet the many goals for design that were set when the area was just a gleam in the Office of Planning's eye.
The filing mentions the basics: the hotel will be 11 stories/40,000 square feet, of which about 4,800 square feet will be reserved for ground-floor retail. There will be a pool and fitness center, a rooftop terrace, and a green roof. And if the current design becomes the final design, the project would most likely meet LEED Silver requirements.
Also included were some early elevations, such as the one at right and a few others that I snagged and have put on a newly thrown-together 50 M Street project page. (And yes, it's in the new JDLand design format--I can't be bothered to build a separate one in the old layout. If it's not displaying right for you, drop me a line and tell me what browser you're using.)
The only special exception to the CG Overlay being sought is that the developers are asking to include only 40 parking spaces, when 53 would be the normal base requirement, because of the hotel's "urban location" directly across from the west entrance of the Navy Yard-Ballpark Metro station. Judging from the drawings, the underground parking entrance will be on Cushing Street; and the developers stated in the filings that they would be building a new sidewalk along the property's frontage on that street.
ANC 6D will be reviewing the project at its next meeting, on Monday, May 12 at 7 pm at 200 I St. SE., in advance of the Zoning Commission's as-yet unscheduled hearing.
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More posts: Homewood Suites, Development News, homewoodsuites, zoning
 
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