In a big milestone for the continued transformation of the old walled-off Southeast Federal Center into the huge mixed-use development known as
The Yards, pre-leasing has begun for the
Foundry Lofts, which developer Forest City has been transforming from its previous incarnation as the historic Pattern Joiner Shop building in Navy Yard shipbuilding days into a 170-unit apartment building. (Pre-leasing was officially supposed to begin today, but with the leasing trailer on site and open to visitors for the past week or so, interest from potential residents overtook the planned launch and leasings actually have already started.)
The units will have 12-14' ceilings, exposed brick, and concrete beams (befitting the term "loft"), along with the hardwood floors, stainless steel appliances, and granite countertops that would be expected in this sort of building. Rents will start at $2,000 a month, going up to $3,100 a month for one of the 33 two-level penthouse apartments in the new floors added to the top of the original building. (There are also a small number of affordable units available as well, though I don't have details on those.) Forest City expects move-ins to begin in October.
And,
as previously announced, a Potbelly Sandwich Works and Kruba Thai and Sushi will occupy ground-floor retail space early next year. Plus it's pet-friendly, too!
With its location on Tingey Street SE, immediately north of the
Yards Park (and surrounded by parking lots used by fans heading to
Nationals Park), the Foundry Lofts building is probably already familiar to many people who've come to Near Southeast over the past few years. It's the first residential component of the huge Yards redevelopment to be coming to completion, and will be the first multiunit residential building to open in the neighborhood since 2009. The renovation of what used to be known as Building 160 began in 2008, but was halted for well over a year at the height of The Economic Difficulties before
work began again in August of 2010.
There is also plenty of construction activity right around the Foundry Lofts that will bring additional offerings to the Yards over the next two years. Just to the north, work has begun on the renovation of the
Boilermaker Shops into a retail pavilion (to house a number of restaurants when it opens later in 2012), and soon work should get underway a block to the east on the second Yards residential project, the apartment building at
401 M Street that will
have a Harris Teeter in the ground floor. Plus, construction on the Lumber Shed building in the Yards Park to make it a retail pavilion (and home to Forest City's offices,
temporarily) should begin later this year.
For more information, you can visit the leasing trailer now open from 9 am to 6 pm at 3rd and Tingey, SE, or go to
FoundryLoftsDC.com, which hopefully will have some more complete information soon. (There's also their
Facebook page, or
Twitter feed, if you're feeling particularly social media-y about it all.) I haven't made it to the leasing office yet, having been gloriously unplugged in Wyoming for most of early August, but I hope to get there this week. And my
Foundry Lofts page gives additional before-and-during photos of the construction and a few additional renderings, including one of the building's interior courtyard.