Jumat, 26 Oktober 2012

Six Developers Invited to Present Plans for Parcel 42

Six developers are on the short-list to present their plans for Parcel 42, the vacant, city-owned lots at the corner of 7th and R Streets, NW in DC's Shaw neighborhood, the Office of the Deputy Mayor for Planning and Economic Development (DMPED) has announced.

Several joint proposals, low-income housing development groups, private developers, and a religious organization all made the list. In an email to DCMud on Friday, Jose Sousa, deputy chief of staff for DMPED, listed those developers. They are: Warrenton Group and Four Points LLC, POUNDS and Jubilee Housing, United House of Prayer for All People, Neighborhood Development Corporation, Tensquare LLC and Chapman Development Group LLC, and Baywood Hotels and Dantes Partners.

Those developers will have a chance to present their plans, but the long-awaited selection of a developer for the lots will not happen until 2013, the city told DCMud Thursday. The parcel is a coveted piece of real estate for developers eager to build in Shaw, a fast-growing neighborhood.  It is also a lot with some history, surrounded by a neighborhood that remembers city promises to make some units affordable.

Parcel 42
That presentation will be held on Wednesday, November 14, 2012 from 6:00 p.m. to 8:30 p.m. at the Watha T. Daniel / Shaw Library at 1630 7th Street, NW. The city has invited six developers, who met qualifications laid out in a request for proposals released in April, to present their plans to the community and give Shaw neighborhood residents the chance to ask questions.  The public is invited to attend, hear and see the presentation, and ask questions at the end of the program," Sousa wrote to DCMud in an email. The city-owned parcel has sat vacant for ten years and seen some drama in the last five.

An affordable housing development plan launched in 2007 fizzled, and in 2010 protesters occupied the lot with a tent city when the city eased up on affordability requirements for the faltering project.  That development was never built.  The announcement in April marked the second time the city has asked developers to present plans for the parcel. The city asked that developers present a building that reaches the full height that zoning allows: 65 feet. It also stated a preference for a "high quality" public space component, "high quality architecture" with a "signature design."  The city and local ANC also encouraged ground floor retail, 80% AMI designation (rather than the lowest subsidized housing designation) and affordable units. In March, ANC Commissioner for the area Alex Padro told DCMud he expected the building to meet high architectural standards like the Shaw Library just across 7th Street from the lot. Padro told DCMud then, "Its gotta be a building that works financially, that activates the street, we already have a significant pocket of affordable housing in the area."

"There is no projected timetable for a developer selection at this point in time, but we imagine it will happen in late first quarter/early second quarter of 2013," Sousa said.

Washington D.C. real estate development news

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