Some stories people have been waiting to hear about for a while:
* MOVIE THEATER MOVING FORWARD
: WBJ reports
that "D.C. Water, developer Forest City Washington and the District government have settled all outstanding business tied not only to the parcel needed for the long-planned 16-screen, 1,500-seat movie theater
, but other sites surrounding it that are similarly planned as part of The Yards."
Forest City should receive the movie theater land in late spring, apparently, with the other residential-planned parcels to come probably over the next five years.
* LERNER BUYS 49 L
: The General Services Administration announced this morning
that the sale closed on Feb.22 for the one-story brick warehouse on the southeast corner of Half and L, SE.
Property records show that "Half Street Partners, LLC" paid $31 million for the site. And that LLC happens to have a mailing address of 2000 Tower Oaks Blvd., Eighth Floor, which happens to be the address of Lerner Enterprises
No word yet on the plans for the site, which is (sort of) across the street from Lerner's 20 M
office building, and also creates a sort-of Lerner-owned triangle with...
* 1000 SOUTH CAPITOL MOVING FORWARD
: Lerner officially announced this week
its plans to build the 250-unit 13-story residential building
at South Capitol and K that has been working its way through the design and zoning process for the past few years. Designed by Shalom Baranes Associates, it will also have 10,000 square feet of retail along with the lineup of amenities befitting a new "luxury" building--fitness center with Pelotons, private dining room with demonstration kitchen, rooftop pool and entertainment center, and pet spa and bicycle repair offerings for residents. It is expected to get underway late in 2018.
(Though it must be noted that the WBJ story doesn't seem to quite realize that the hotel is already under construction
, in a joint digging-and-building project with Forest City's next residential building, on Parcel L
The hotel will have 225 rooms, and the residential building will have about 270 units, and combined the two will have about 24,000 square feet of retail.