The grapevine informs me that Forest City is moving forward with plans for a new residential building on "Parcel L," the site at the Yards
along 3rd Street south of Tingey between DC Water
and the Foundry Lofts
where a parking lot currently sits.
It would have 270 rental units and two levels of underground parking, and currently has a targeted completion date of 2019 (which just isn't as far away as it used to be).
No renderings are available for public (or blogger) consumption, but my understanding is that it has a "terraced" design, and will be a U-shaped building with a courtyard that opens southward toward the Yards Park
and the river. There will be retail along 3rd Street, but I don't know the exact amount.
Also, it should be noted that for the very north end of this parcel, along Tingey, there are also plans to have a "boutique" hotel, but there's no time frame for that.
Forest City is on the agenda for next Monday's ANC 6D meeting to give an initial presentation on the residential plans, in advance of heading off to Zoning Land later in the year.
This is not the only Yards residential project in the near-term pipeline, as the condo and apartment projects two blocks east on "Parcel O
" at 4th Street are expected to begin construction in coming months. These projects would join the lineup of already completed Yards residential buildings Foundry Lofts
, and Arris
. It's also expected that there will be additional residential buildings along 1st Street SE near the planned movie theater