Kamis, 10 Mei 2012

Your Next Place


I've been going to open houses for a while now, and I admit I'm a little jaded.  Usually my reaction to a place ranges between polite, bored indulgence (i.e. the face women make when you try to hit on them in Whole Foods) or outright curled-lip disgust (i.e. the face women make when I try to hit on them in Whole Foods).  I'm hard to impress.  But this place - this place made me outright giddy, back to my first innocent days of open-housing.  (Cue Madonna's "Like A Virgin.")


I mean, look at it.  Never will you find another place like this.  The extraordinary top floor in the Dove House Mansion, this place is to attics what Tom Cruise is to short guys.  Exposed beams and skylights combine for an incredible dramatic effect, and every room in the house is completely distinctive.  As soon as you step off the private elevator (yes, that's right), you're struck not just by the sheer size of the place (downright amphitheaterlike), but by how much there is to look at.  Every nook and corner and area has a little unexpected touch, whether it's an angle or a light fixture or, in the case of a master bathroom, a life-size statue of a horse on top of the vanity.

The kitchen features stainless steel appliances and granite countertops, and the master bath has an awesome double sink vanity.  The master bedroom is lofted, so you can look down on your kingdom, and there's also a private balcony so you can look down on, well, Dupont.  And priced at just under 770K, you can bet it won't be on the market long, so start begging the in-laws for another advance on the ol' inheritance.

1740 New Hampshire Avenue NW #NH-G
2 Bedrooms, 1.5 Baths
$729,900







Washington D.C. real estate news

Rabu, 09 Mei 2012

Kalorama Apartment Building Impresses HPRB, On Track for 2012 Groundbreaking


A five-story, nine-unit apartment building planned for a vacant parcel at 2225 California Street, NW in the Sheridan-Kalorama historical district has passed an important hurdle and could break ground before the end of the year.
"HPRB basically approved the concept," confirms Don Malnati, a partner on the project at MMG.  "We're onto geotech testing, stuff like that.  The next step is permit plans; we'd like to have foundation/grade permitting first, so we can maybe start digging before the complete building permit comes through.  It's hard to say, all these processes take anywhere from two to six months.  At any rate, it's a by-right building, and we're within the zoning codes, so at this point it's mostly just technical."

Plans for the project, from MMG and designed by Ralph Cunningham of Cunningham Quill, met with moderate resistance from community members at an HPRB hearing earlier this year, on issues ranging from the design itself to the placement of the proposed building to the impact on a garden on the site. The proposed building "is inspired by the classical vertical proportions and tripartite façade organization prevalent in the neighborhood’s buildings while being contemporary in detailing," with three horizontal bands of different-colored brickwork denoting each story. Plans call for one unit on the ground level, with two units on each of the upper levels, and two penthouse units with access to a rooftop terrace.
The building will sit off-center on the lot, directly on the party wall of the smaller rowhouse, with a 12.5 foot side yard separating the building from the larger apartment building at 2219 California.

Predictably, this caused some consternation from the owners of the rowhouse. Of particular note is a light well on the facing side of the rowhouse which will be completely blocked off by the new building; upon questioning, MMG reps said preserving the well, possibly through the use of glass wall, was "not feasible." Don Hawkins, an architect representing the owners of the rowhouse, made a forceful plea for "any relief at all" from the board, claiming his clients' house lost 40% of its value when the MMG project was announced. He also noted wryly that "they [MMG] have been responsive to every request we've made, except the one for them to go away."

In response, MMG reps noted that zoning required them to pick a side ("You can't just build in the middle") and that, as they saw it, the many windows on the facing side of the apartment building at 2219 took precedence over the more limited exposure of the rowhouse. They also pointed to their extensive cooperation with the neighborhood on the particulars of the project - meetings with the ANC, with the Sheridan-Kalorama Historical Association, an on-site meeting with locals - and even went so far to promise consideration of community suggestions on facade materials.

This was a reccuring theme from even the sharpest critics of the project - the developers, it had to be said, had engaged the community, and this engagement seemed to take the edge off of what could have been a very contentious meeting.

The vacant parcel is home now to a garden, and Jim Pepper, a retired National Park Service employee who lives nearby, made an impassioned pleas on its behalf, calling it "historic" and a necessary element of the neighborhood's aesthetic. But despite his efforts, the board ruled that the project is “not incompatible with the character of its location,” and recommended final approval.

Washington D.C. real estate development news

Morning Real Estate Review

Anthony Lanier entering U Street, H Street (Washington Post)  After developing much of Georgetown's M Street, Lanier and Eastbanc are getting into property much further from Georgetown in more ways than one.

JBG picks another outsider for its U Street Project (CityPaper)  The megadeveloper picks yet another outsider for its Atlantic Plumbing site.

Mortgage rates continue grinding into historically low territory (Mortgage News Daily)  The 30-year fixed average remains at 3.875%, as other rates continue lower.

Mortgage applications up a tick (Mortgage Bankers) Applications are up just a bit - .1% - over the previous month, adjusting for seasonal changes.