Selasa, 22 Mei 2012

ICSC Spotlight: Union Market signs 11 restaurants, Capital City Diner


Today at the International Council of Shopping Centers Convention, developer Edens told DCMud that the Union Market has 11 restaurants signed to the new development, including the Old Capital City Dining rail car.

The historic site, formerly known as the Capital City Market, is being redeveloped by J Street and Edens.

One of the eateries is the Old Capital City Diner which Edens bought on eBay for $40,000 according to the Washington Post. Have to assume that was an exciting bidding war. Probably worth it simply for the “buy now.”

The development of Union Market should be interesting, and no one has ever complained about more food. Another Edens spokesperson said the company is not ready to release the names of the 11 restaurants, but those will soon be released and an opening expected this summer.


Washington D.C. real estate development

Senin, 21 Mei 2012

Equity Residential's Mt. Vernon Triangle Project Set to Break Ground


Equity Residential's mixed-use redevelopment encompassing several historic properties at 443-459 Eye Street NW is set to begin construction this summer.

"We're looking at an August groundbreaking," said Greg WhiteVice President of Development at Chicago-based megadeveloper Equity Residential. "We're working with Clark Construction, and finalizing construction documents now.  We hope to deliver first units in a little less than two years; the summer of 2014."

Once touted by former owner Walnut Street Development as Eye Street Lofts, Equity Residential purchased the property for $5.1 million in April of last year and, with HPRB approval for the plans secured since 2006, advanced the project swiftly.

The design, by Hickock Cole Architects, preserves the two 1880s-era historic rowhouses on the lots (as mandated by law), and incorporates the also-historically-designated industrial buildings, while erecting two additional residential towers directly adjacent.  When complete, it will offer 165,000 square feet of residential space and just over 2000 square feet of ground floor retail.

"It was originally conceived as 162 units, but the plans have been increased to 174 units," White said.  "Architecturally, it's a little old, a little new; you have the historic rowhouses, and then a different type of high-rise on top, and a new one to the side. We're blending it all together to make it work."

The site was formerly the home of Gold Leaf Studios, an artists' space, and an auto body shop housed in a former blacksmith's shop. Another building on the parcels, which was leased by BicycleSPACE, is marked for demolition.


Washington D.C. real estate development news

Morning Real Estate Review

DC Mayor and Council Chair earmark millions for their districts (Washington Post)  Gray and Brown add millions to the budget for developers and affordable housing into their Ward 7 base.  Skyland and Penn Branch shopping center draw millions thanks to the city's top officials.

Housing stats improving in DC area (WTOP) Foreclosures are down 14% from last year as banks get better at processing foreclosures.

Touring development sites in Fairfax and Loudoun (Washington Post) Large scale projects abound throughout the region, including speculative and once dead developments that are being revived.  Town centers are in.


GW Museum gets zoning approval (GWU) The University's proposed museum was approved 4-0 by the Zoning Commission.  The 35,000 s.f. museum will be located at 21st and G.

Dupont underground to go temporary? (CityPaper)  The arts group that controls the space - for the moment - has had no success funding a major project, and thinks temporary art space may do the (cheap) trick.

Jumat, 18 Mei 2012

Morning Real Estate Review

Options that add value to homes (Washington Times) Overbuilding your home doesn't pay in the resale market, but upgrades that bring your house closer to the median value are worth doing before the sale.

Columbia gets a new downtown in $100 million development (Baltimore Sun)  Howard Hughes Corp and Kettler plan to start next year on a 380-unit complex.

Home prices could bottom out next year (HousingWire)  Fitch estimates that prices could drop another 7.8% nationwide before hitting bottom in 2013.

Realtors descend on Washington to lobby for interests (US News) 10,000 reportedly rallied on the Mall yesterday to lobby for pro-housing legislation.

Kamis, 17 Mei 2012

Your Next Place


Shiny new townhouses in an emerging neighbor- hood - what's not to like?  Come in, get a bargain, sell off in a few years for twice as much as you paid, use your windfall to buy a house in Bethesda, and for the next ten years of cocktail parties tell your story about "that one night in your old house you heard a gunshot, you're pretty sure it was a gunshot, though it might have been a firecracker or car backfire or maybe the tv downstairs, it's hard to say since you were sort of asleep at the time."

Seriously though, everyone knows it wasn't a gunshot.  But enough about that.  These two townhouses, collectively named Randolph Row, are total gems.  Three levels, beautiful brick facade, all the modern finishes you could possibly ask for.  Large rooms, large windows, tons of light, recessed lighting, hardwood floors.  There's an open-style kitchen with Carrara marble countertops and stainless steel appliances, and a beautiful wooden deck.  And the yard is massive; you could legitimately play a full 11-on-11 football game back there.

Brookland, of course, is home to Catholic University, and is going to see quite a bit of development in the near future.  Before you know it, it'll be a second Columbia Heights, though hopefully much much less annoying.  The metro is only a block away, and each townhouse also has a garage, so you can drive instead of taking the metro.  I hate taking the metro.  If I want to be in close physical proximity to unhappy people staring straight ahead, I'll just visit my family, thank you very much.

1222 Randolph Street NE
3 Bedrooms, 2.5 Baths
$599,990







Washington D.C. real estate news


Morning Real Estate Review

Housing affordability indices reach record in 1st quarter (National Ass. of Realtors)  The affordability index, a relationship between median home price, median family income and average mortgage interest rate, crossed above 200 for the first time since 1970.


Homes for sale hard to find in some parts of the U.S. (Bloomberg Businessweek) The number of homes for sale in the U.S. fell 22% in March from the same time the previous year, as homeowners opt to stay where they are.

Home sale shortage affecting the nation (UPI)  Markets across the country showing signs of a housing shortage.

Trying to save K Street's grandeur (Washington Post)  The street, now known for its uniformity of office buildings, was once known for grand residences, and some are trying to save what little history is left.

Is the stadium really the reason for southeast's revival? (CityPaper)  The new stadium has certainly helped bring visitors from across the river (a winning team hasn't hurt), but development began before the stadium and would likely have continued without it.

Rabu, 16 Mei 2012

Bethesda Americana Redux!



By Beth Herman


In literature it’s been said that the real measure of mastery is when the individual becomes inseparable from the act, as when the dancer becomes the dance, or the musician is indistinguishable from the sound he produces.

For antiques dealer/restorer and interior designer Marilyn Hannigan, former owner of Dupont Circle's Cherishables Antiques, creating a four-level home addition for her and commercial real estate developer husband, John, was to be much more than just another example of her work. Like the dancer or musician, it would become synonymous with a life steeped in coveted Americana.

Purchasing their two-story 1,060 s.f. Edgemoor post war Colonial Revival-style residence in 1971, at the time the house was emblematic of their close Bethesda enclave. Now within a block of the community’s burgeoning, bustling cafes, bookstores and upscale shopping, homes in the area are considered prime real estate and are almost unrecognizable from their nascent forms, according to architect Michael Callison who helmed the multi-storied renovation. In fact the Hannigans had more than a typical update in mind.

Undergoing three earlier incarnations that expanded the home's footprint to 3,066 s.f. and involved the kitchen, living room, a bedroom and the home’s façade, an addition had been built on a concrete slab consisting of only a first and second level (the old basement and attic were restricted to the original space). Under Callison’s baton, the homeowners desired to extend their existing basement to match the home’s addition-created footprint, turning the below-grade results into a combination antiques gallery and entertainment space for their large dinner parties. What’s more, a new master bedroom suite was desired on an upper level, and above that the old attic atop the post war part of the home needed to expand into a newly-created, essentially fourth level space, creating a dormer-crowned home office with a bird’s eye view for John.

“There was no way to do any of this when you’ve got something built on a concrete slab,” Callison said, also citing the former addition’s inadequate under 8-foot ceilings, for which an additional foot was mandated. “We ended up tearing it all down and starting over.”

Molding, mantles and muscles

With the home’s Colonial Revival architecture and Marilyn Hannigan’s penchant for all things Americana, traditional, classical design details were imminent for the wood-sided, brick-based addition. In the new living and dining rooms, crown molding and substantial Adams casing—a 3½-inch wide wood casing—for doors and windows make a bold, muscular statement. “While honoring the residence’s style, we were trying to bring up the personality of the former house from the way it was originally built,” Callison said.

In the living room, an early 19th Century hand carved mantle with acanthus leaves, dentil molding, carved ovals and quarter fans frames a limestone fireplace, with an equally elegant antique grey/green mantle—it’s the original paint, according to Hannigan—featuring elaborate moldings in the dining room.

A connoisseur of old calligraphy, Hannigan found a 19thCentury signed and dated eagle from Pennsylvania that frames the fireplace.
“Penmanship was so important in the 19th Century,” she explained, adding it was taught out of hotel rooms, bank buildings, etc. As it became more detailed, contests were held for bird drawing with awards. “It’s called ‘flourish drawing’ so the pen never stops,” she said. Another flourish drawing in the hall features a bevy of birds: swans; eagles; a love bird; a nest, signed and dated 1885.

Inspired by illustrations of the natural environment with another home on the Eastern Shore, the homeowners display a grouping of duck prints by Alexander Pope (the artist: 1849-1924, not the essayist and poet: 1688-1744) at the base of the addition’s staircase, as well as various Audubon prints in the living room. Delicate early 20thCentury feather-like sconces appear in the dining room, which Hannigan said she’d never seen before despite decades in the antiques arena.

A serving table from history’s Sheridan period, a mahogany tea table, 19th Century armchairs painted with gold leaf, a 19th Century tall case clock and a small vanity from the same era stenciled with fruit complement the room with its floor-to-ceiling double-hung arched windows.

Stairs, sprigs and sunlight

Where flooring is concerned, 3-inch white oak boards in the living and dining spaces, as well as in the below-grade gallery, are reflected in a prominent stair banister, which Hannigan said was initially slated for a cherry stain. “We saw the flooring and just had to do (the banister) the same way,” she said, referencing warmth and color.

In the dining room, the homeowner’s collection of Sprig China redolent of Jefferson's at Monticello features green sprigs with blue and a smidge of red in the center of its flowers. Enamored of the pattern, Hannigan recreated the sprig element in a band that encircles the room on the white oak flooring. A mahogany Sheridan-to-Empire period banquet table with twisted legs circa 1830 creates the right foundation for the china.

According to Callison, while an elevator was installed that traverses all four levels, the robust stair was designed to descend from the main living space up to the master suite and down to the gallery level, bathed in considerable light from a bank of windows. To maintain the profusion of sunlight in the subterranean environment, a large 12-by-16-foot well redolent of a patio courts light inside. Because its walls are high, Hannigan created a custom covering and uses the illuminated well space as an additional room.

Dreams, drawer pulls and dormers

In the 18-by-18-foot third level master bedroom, a painted wicker headboard, club chair, country sofa table, Sheridan period birds eye maple chest and shutters create a comfortable oasis. His and hers master baths include elements such as limestone flooring, limestone wainscoting and glass shower stalls, and in her bath a vaulted ceiling crowns a generous oval-top mirror created by architect Callison, who is also a furniture designer.

Though not officially part of the addition, walls for what was formerly a utilitarian kitchen were bumped out two feet, and Montgomery Kitchen and Bath was called in to partner in Callison’s warm country kitchen-style transformation. Punctuated by soft, recessed lighting, pendant lights, strong molding and fine design details such as drawer pulls in the form of clock faces, a decorative laser-carved tile element behind the stove was created by Bethesda’s Bartley Tile Concepts.

Mentored and employed for 23 years by visionary James Rouse who’d created Columbia, Maryland, later on under the auspices of Federal Realty Investment Trust John Hannigan helped build California’s toney Santana Row and also Bethesda Row. His new home office sits atop the addition in what is considered the fourth — or extended attic — level. Its three classical but buoyant dormers afford him a handy view from the top, both literally and figuratively.

“They almost doubled the size of the existing home to 5,382 s.f. with the new addition,” said Callison, who’d previously undertaken a 20-year transformation of his own Chevy Chase residence. “They ended up with a brand new house.”

Photo credit: Rey Lopez