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909 New Jersey Ave. ('09)
55 M ('09)
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400 M ('07)
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Yesterday it was announced that Florida Rock Industries was acquired by Vulcan Materials for $4.6 billion in cash and stock (h/t to reader Mark). Like all good citizens of the 21st Century, my initial reaction was "Very nice, but how does this affect ME?" The Florida Rock property along the Anacostia River is actually owned by FRP Development (aka Florida Rock Properties, not the company just acquired by Vulcan) which is a subsidary not of Florida Rock Industries, but Patriot Transportation Holding Inc. Whaaa? Here's how it shakes out, according to the Patriot company profile at Reuters: "Florida Rock Properties, Inc. owns real estate, of which a substantial portion is under mining royalty agreements or leased to Florida Rock Industries, Inc. (FRI), a related party." You can get a feel for how these separate-but-related companies are intertwined by reading these transactions summaries. But to go back to the original question, of how the Vulcan Materials acqusition of FRI might impact the Anacostia riverfront Florida Rock project--I have no idea, but will watch for tidbits and hints.
UPDATE: I would have hoped this went without saying--no, this story is NOT reporting that the Florida Rock site across from the stadium was sold for $4.6 billion. It's a story about big companies acquiring other big companies. And that one of those big companies has interests in a site in Near Southeast.
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In other news from the same press release announcing the interim AWC CEO: "Yesterday, the District of Columbia, AWC and the JBG Companies signed a Payment-in-Lieu-of-Taxes (PILOT) agreement to secure the development of the US Department of Transportation headquarters, a JBG-owned property. The PILOT will fund $140 million in infrastructure investments for the Anacostia Waterfront Initiative. The revenue stream from the agreement will be dedicated to support District issued bonds. These projects include: Southeast Federal Center, Anacostia Metro, Reservation 13, Ward 7 Waterfront, Marvin Gaye Park, [and the] Southwest Waterfront." See previous posts on this PILOT agreement here, here, and here.
That $140 million must be burning a hole in the AWC's pocket, because they've already posted an RFP for a Construction Manager for several AWC capital projects: "The total construction value for these activities is up to $140 million." There is a good tidbit buried in the accompanying press release, that AWC intends to break ground in 2007 on both Washington Canal Park and on the first phase of Diamond Teague Park, the planned 39,000-sq-ft public plaza at the terminus of First Street on the banks of Anacostia, nestled between Florida Rock, the Earth Conservation Corps, WASA, and the Nationals ballpark. (And who is Diamond Teague? Read this NOW With Bill Moyers transcript from 2004.)
 

Today's Washington Business Journal print edition (available online to subscribers only) addresses Monday's Zoning Commission decision to request large-scale changes to the Florida Rock development plan (which the WBJ had trumpeted merely a week ago as being on the cusp of approval), saying that the recommendations for a redesign "were news to the developer and the Anacostia Waterfront Corp., which has been involved in the project-planning process. 'We were astounded,' says David Briggs, FRP's representative and land-use attorney at Holland + Knight. FRP plans to meet with the District's Office of Planning to determine its next course of action. The Office of Planning is expected to reconnect [JD: recommend?] incorporating the commission's suggestions unless the developer wants to leave the site as is -- a concrete mixing and gravel storage area."
More posts: Florida Rock, zoning
 

The long and winding road of the Florida Rock project took a pretty surprising turn tonight, as the Zoning Commission opted not to vote on the second-stage PUD, instead asking the applicant for to come back with an altered design that addresses the commission's concerns: the need for a greater amount of residential within the project (up from the current 40%, with the understanding that this would cut down the amount of office space), better views of and from the stadium (specifically in terms of the views of the Anacostia River from the grand staircase at 1st Street, and also the views of the stadium from the South Capitol Street Bridge), and a somewhat amorphous desire for a better "expression of place" (something that makes the site and the project more identifiable on the waterfront side).
Commissioners Parsons and Jeffries led the discussion about the concerns; Parsons in particular was extremely concerned that the project--which started long ago, well before there was a stadium to the north--would be looked at as a huge missed opportunity if it were approved in its current form. He mentioned how originally there was great emphasis put on the need to keep the axis of Half Street running through the project (see the project map to orient yourself and understand the discussion), but now that Half Street doesn't exist anymore thanks to the ballpark, perhaps the site could be pushed in at the center to allow more space at its ends and to respond to the stadium. Commissioner Jeffries expressed that this should be much more of a "civic" location (i.e., more for residents and less for office workers), and that there needs to be a better design plan, and that the commission has a responsibility to "get this right." When Commissioner Turnbull said that these requests constitute "major surgery", Jeffries replied that in his view the project needs major surgery, that incremental changes aren't getting the project where it needs to be.
Next steps? Good question--there was talk about how, when an extension was requested back in 2004, there were concerns that if it weren't granted the Florida Rock people would just leave a concrete plant on this valuable land, and the commissioners expressed a bit of worry about whether they'd do that now--and Commissioner Hood, who was skeptical of these requests at such a late date in the process, said that if he were the applicant, he would leave it as a concrete plant at this point. Yeowch. I will keep you apprised, of course.
UPDATE: Monument Realty's Half Street mixed-use project was given final approval on a 5-0 vote, with the exception of one variance request. Commissioners Mitten, Hood, and Parsons all remarked on how much they like the project, and Parsons made mention of how responsive Monument was to the concerns expressed by the commission at the January hearing.

More posts: Florida Rock, Monument Valley/Half St., staddis, zoning
 

Tomorrow (Monday) night is a big Zoning Commission meeting, with votes expected on both the Florida Rock second-stage PUD and the Monument Realty/Half Street project (The 250 M Street vote has been put off again.) This is available on live webcast if you're so inclined. If the projects are approved, there's then a public comment period before a final approval vote a few weeks down the road.
Also, the Anacostia Waterfront Corporation has just announced a Tuesday meeting "to consider resolutions regarding development agreements with the JBG Companies and the Government of the District of Columbia related to the implementation of a PILOT agreement for the new US Department of Transportation Headquarters"--no, I can't really tell you what this means. The meeting can be listened to via teleconference (call 877-529-9893 and enter access code 800). See my Calendar of Events for times and locations.
 

Today's Washington Business Journal has a piece (subscribers only for 30 days) detailing the arduous journey of the 1.1-million-sq-ft Florida Rock project over the years (which JDLand readers are intimately familiar with already!): "Finally, its time has come. At least that's what developers of 100 Potomac Ave. SE -- which is along the Anacostia River and smack across the street from the new baseball stadium being built -- are hoping. FRP Development of Sparks, Md. started the redevelop process for the 5.8-acre site more than a decade ago. And now is waiting a final decision on the project plan from the District Zoning Commission Feb. 12. If approved, the plan would go to the National Capital Planning Commission review and come back for final action in April. It also would finalize one of the integral pieces of the Anacostia waterfront redevelopment, which has been one of the city's goals for decades. [...] The plan, as it is now, is for development of 1.1 million square feet spread over four buildings: 600,000 square feet office, more than 60,000 square feet retail, 160 apartment units and a 235-room hotel, all with 1,087 below-ground parking spots. In addition, the project will be set back 75 feet from the waterfront and will have a river walk that would provide public access to the river. " As for a timeline? "If the approval goes through, FRP Development will start work on the office/retail buildings on the eastern side and closer to the ballpark first, which could be as soon as next year, Briggs says. The rest of the project would be a phased development that could take another 10 years to build out because construction of the third and fourth buildings would have to wait until the District completes building the new [Frederick Douglass] bridge." You can see renderings and drawings on my Florida Rock page (with updated ones hopefully coming soon).
More posts: Florida Rock, zoning
 

The architects of the Florida Rock project (Davis Buckley Architects and Planners) have generously passed along an updated "map" showing the layout of the 5.8-acre site that sits between the Nationals ballpark and the Anacostia River. The project will have 600,000 sq ft office space, 92,000 sq ft retail, 160 residential units, and a 235-room hotel, spread across four buildings. There will also be a waterfront esplanade, and the eastern edge of the site (where a big portion of the retail will be located on multiple glassed-in floors) will be the western border of the new 39,000-sq-ft First Street Plaza that the Anacostia Waterfront Corporation is planning for the foot of First Street. The Zoning Commission is scheduled to vote on the Florida Rock second-stage PUD on Feb. 12; the project would take a number of years to be completed, but hopes are that construction would begin on the eastern portion in early 2008. And stay tuned, there hopefully will be new renderings of the buildings themselves within the next few weeks.

More posts: Florida Rock, Teague Park, zoning
 

I've now posted PDFs of some of the Monument Realty submissions to the Zoning Commission for the January 11 public hearing on their Half Street/Ballpark District mixed-use project: you can grab yourself a really large, strong cup of coffee and peruse the opening statement (1 MB), the traffic study (3.7 MB, which I linked to a few days ago) or the architectural drawings (13.7 MB). I've also snagged the best of the renderings and added them to my Monument Half Street page. It's expected that the Zoning Commission will vote on this project at its February 12 public meeting, when zoning approval votes are also expected on the 250 M Street and Florida Rock projects. UPDATE: For those who aren't well-versed in the zoning process, I should emphasize that these are the submittal documents--at the public hearings, zoning commissioners ask questions and request clarifications and sometimes modifications, and so what will be voted on isn't necessarily what's seen here. But it's better than nothing!
 

News from last night's ANC 6D and Zoning Commission meetings:
ANC 6D and Monument Realty finally reached an agreement on a community benefits package as part of Monument's request for support for its 55 M Street mixed-use project; in it, Monument agrees to a) give preference to ANC 6D residents in the lottery for the project's affordable housing units, b) make a $50,000 donation to be shared between Jefferson and Amidon schools, and c) make a $10,000 donation to a local scholarship fund. There was some grumbling from the audience that Bowden Elementary was left out, but the commissioners made assurances that with all the other projects coming down the ANC 6D pike, Bowden will not be forgotten. With the benefits agreement reached, the ANC then voted to support Monument's zoning review this Thursday night.
At the Zoning Commission meeting, the planned vote on the Florida Rock 2nd Stage PUD was delayed until next month. There were also three votes on amendments to the Capitol Gateway Zoning Overlay: Case 06-25, expanding the Overlay boundaries, was approved and sent onto the National Capital Planning Commission, with final ZC action probably coming in the spring; and final approvals were given to Case 05-10 (a series of additions and amendments to the Overlay) and Case 06-20 (an amendment officially allowing the WMATA bus lot formerly at Half and O to be moved to Buzzards Point).
And thankfully none of this prevented me from watching my Gators destroy Ohio State! That was the best part of all!

 

A nice pick-me-up on this dreary Monday morning--the Anacostia Waterfront Corporation has unveiled a redesigned web site, and it's certainly more pleasing to the eye. There's a page listing all of their projects, including pages on the South Capitol Waterfront & Ballpark District and Washington Canal Park in Near Southeast as well as the Southwest Waterfront, Poplar Point, Hill East, Kingman Island, and others. One new item from the South Capitol page, that the 40,000-sq-ft public plaza we've started hearing about planned for the foot of First Street at the waterfront will include a new ferry pier. Lots of people interested in the ballpark and Near Southeast in general have been wondering whether ferry/water taxi options would be incorporated, and I had always seen general discussions that they would, but this is the first specific description I've seen for a planned location of such a pier. Yay! (But I'm guessing we won't be seeing it by Opening Day 2008.) For more information (what little I have) on the First Street Plaza, see my Florida Rock page (whose developers have pledged $3.7 million toward the plaza's design and implementation costs, for what is expected to be a $15 million project); my Canal Park page has info and photos on that project as well.
 
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