Selasa, 28 Agustus 2012
Douglas to Seek Second Extension for Uline Arena Redevelopment
With their two year extension on the Uline Arena entitlements running out in mere days, Douglas Development has made a decision - they're sticking with the oft-delayed, complicated project.
"No way are we walking away from this," says Paul Millstein of Douglas Development. "We're going for an extension as a commercial mixed-use development. We're still working very aggressively with prospective users. Thing is, we've got Central Armature right across on the other corner, and it's ugly. That doesn't help. And the other corner, catty corner across, isn't developed at all, that doesn't help either. But we love the site, we believe in it. We committed early, before they did the grocery store site and the residential. We've put a ton of time into meetings, architecture, planning."
Since purchasing the property in 2004, there has been much speculation, but little certainty, about what Douglas has planned for the historic space. The space had been used as a trash transfer station, and is now an indoor parking lot - a long way from its auspicious past as a venue that once featured the Beatles, Bob Dylan, and the Temptations. (Though not all on the same night.)
Part of the problem is that while the space is on the National Register of Historic Places, meaning it can't be demolished as part of any redevelopment, it's not, well, very good at its intended purpose. When a local arts group put on a drama performance at Uline in early 2011, reviewers noted the poor acoustics of the space, a complaint that some local historians claim has echoed (see what I did there?) through the ages, right from Uline's opening. Still, the poor acoustics could be remedied, at least in part, by a redevelopment, preserving Uline as an arts performance space - a prospect that is still very much on the table, according to Millstein.
"We're still looking at an entertainment component on the ground floor," Millstein says. "Something, for example, like the Fillmore in Silver Spring, or maybe an even larger venue. Retail use could also do extremely well."
The HPRB approved Douglas' preliminary plan in 2008, a GTM Architects-designed concept that keeps the familiar Uline facade intact and preserves the cavernous interior as a multi-level atrium, into which extensive skylights would admit natural light, giving the shell the illusion of transparency. Those plans - which remain very much in flux - would incorporate 290,000 s.f. of commercial office space, 75,000 s.f. of ground floor retail space, and up to 225 residences. That design received one two-year extension already, in September 2010, which brings us to the present day. That extension expires next month, though Douglas has every intention of applying for another.
So what's the next step?
"The next step is to file a request for extension, and get those entitlements extended," says Millstein. "There will be a hearing, but I think we'll be successful in our extension. The last couple - three years, nothing much has happened in the area, though now there's a lot of residential stuff popping up, even some office. But the area's still got quite a ways to go. I would hope that in the next cycle, the next 24 months, Uline will really take off, and I think it will. I think our time has come."
Washington D.C. real estate development news
Morning Real Estate Review
Akridge takes on new partner at 1200 17th Street (Herald Online) Akridge announces that Mitsui Fodusan America has bought out First Potomac Realty Trust on its portion of Akridge's office development.
Bob Peck joins Gensler, expanding consulting practice (Washington Post) Peck, who formerly headed the GSA's Public Building Commission, will serve as a regional head of office design consulting.
Trumps' rejuvenation of Old Post Office recalls Willard renovation (Washington Post) The resuscitation of a historic hotel draws comparisons to Oliver Carr's work reviving the Willard in 1981, though 30 years ago Pennsylvania Avenue was a much different place.
Repeated home refinancing: how low can you go? (Wall Street Journal) Homeowners are repeatedly financing as incentives go up and costs go down.
As housing recovers, will apartment boom end? (CNBC) With housing showing early (though not consistent) signs of recovering, will it have an effect on the high rents being demanded by apartment builders?
Bob Peck joins Gensler, expanding consulting practice (Washington Post) Peck, who formerly headed the GSA's Public Building Commission, will serve as a regional head of office design consulting.
Trumps' rejuvenation of Old Post Office recalls Willard renovation (Washington Post) The resuscitation of a historic hotel draws comparisons to Oliver Carr's work reviving the Willard in 1981, though 30 years ago Pennsylvania Avenue was a much different place.
Repeated home refinancing: how low can you go? (Wall Street Journal) Homeowners are repeatedly financing as incentives go up and costs go down.
As housing recovers, will apartment boom end? (CNBC) With housing showing early (though not consistent) signs of recovering, will it have an effect on the high rents being demanded by apartment builders?
Senin, 27 Agustus 2012
Brookland's Colonel Brooks' Tavern Demolition Within the Month
"We anticipate the raze permit coming in the next thirty days," said David Roodberg, President at Horning Brothers. (The application was filed on August 7th.) "Of course, it could come sooner. At this point we're thinking about when we're going to do the work. We'll probably raze in October and then start in immediately on construction, which should take about two years."
The five-story project at 901 Monroe Street slated to replace the tavern will feature 220 residential units over five stories. Jointly developed by Horning Brothers, The Menkiti Group, and owner Jim Stiegman, the Esocoff and Associates-designed project is said to be designed to blend in with the neighborhood's brick townhouse aesthetic, and will offer 12,000+ s.f. of ground floor retail space. (And thanks to an agreement with the ANC, these commercial spaces will be leased to small- to medium-sized stores.)
The project has had a sometimes-rocky road to fruition, though, as community groups feared the new building would usurp the intimate scale of Brookland's commercial strip. In deference to these concerns, developers revised their plans to shrink the new building's footprint by 12%, reducing its footage down to 197,000 from an original estimate of 220,000 s.f. The development will also create 150 below-grade parking spaces and 66 bicycle parking spaces, as well as much wider sidewalks, thanks to 15-foot setbacks.
While the tavern will certainly be missed, tavern owner Jim Stiegman has said that business dried up after the tragic robbery/murders in 2003, essentially forcing him to sell. Rumor has it that Stiegman proactively approached the Menkiti Group about development, and that Horning Brothers were brought in shortly after.
Brookland has seen a surge of development as developers woke up to the potential of a walkable, small scale neighborhood in such close proximity to transit and Catholic University. The 901 Monroe project follows on the heels of Bozzuto's $200 million Monroe Street Market project that broke ground in late 2011.
Washington D.C. real estate development news
Morning Real Estate Review
A brief history of urban planning (Atlantic Cities) Now a century old, urban planning has become more about people than about design.
Pushed out by foreclosure? You have until the end of this year to try and reverse that (Washington Post) The federal government has given buyers whose houses were foreclosed by banks until July to apply for a review of the foreclosure, but just extended that until December 31.
New Fannie Mae guidelines streamline short sales (Examiner) The new guidelines follow the FHA's recent rule changes, rules that the government says will help avoid foreclosures by helping borrowers meet easier paperwork requirements.
Carlyle faces suit by Middle East investors (Washington Post) After losing bets on real estate investments with foreign capital, local real estate investor Carlyle is being sued by its former partners.
Fairfax County approves 8-story apartment building (Patch) The approval allows A&R Development to move forward with its 173-unit project in Huntington.
Georgetown U. takes on Forest City to help in expansion plans (Washington Post) Developer of the Yards in southeast DC is tapped to find space for Georgetown's expected expansion in the future as it tries to provide more housing on campus.
Pushed out by foreclosure? You have until the end of this year to try and reverse that (Washington Post) The federal government has given buyers whose houses were foreclosed by banks until July to apply for a review of the foreclosure, but just extended that until December 31.
New Fannie Mae guidelines streamline short sales (Examiner) The new guidelines follow the FHA's recent rule changes, rules that the government says will help avoid foreclosures by helping borrowers meet easier paperwork requirements.
Carlyle faces suit by Middle East investors (Washington Post) After losing bets on real estate investments with foreign capital, local real estate investor Carlyle is being sued by its former partners.
Fairfax County approves 8-story apartment building (Patch) The approval allows A&R Development to move forward with its 173-unit project in Huntington.
Georgetown U. takes on Forest City to help in expansion plans (Washington Post) Developer of the Yards in southeast DC is tapped to find space for Georgetown's expected expansion in the future as it tries to provide more housing on campus.
Sabtu, 25 Agustus 2012
Your Next Place
First impressions are vital, and this duplex co-op impresses from the moment you walk in, the foyer lit from far above by a huge skylight. It was a lot like that time I met my girlfriend's parents and refused to take my sunglasses off the entire meal (what, I was hungover!), except, you know, the complete opposite.
From the entry level you ascend to the main level, which features a huge triangular living area. The skylit dining area is next to a wall of french doors, which open onto a panoramic view of the city. Next to that is the superlative kitchen. Look at that diamond-shaped, marble-topped island! Look at the custom cupboards, the commercial-grade appliances, the six-burner stove that comes equipped with a griddle! The gap between the quality of your cooking and the quality of your kitchen will never be larger. There's also a beautiful study, for your studying (just kidding, being an adult means not ever learning anything ever again), and a truly fine master bathroom that's far too nice for the disgusting things you're going to do in there.
The unit comes with a parking space (indispensable in Adams Morgan) and storage. Also, the prospective owner will have the rights to build a private roof deck. I don't know about you, but designing and building your own roof deck sounds like a no-brainer. I'd just cover the entire roof with Slip-n-Slide material, put up a padded barrier around the edge's perimeter, and let loose. Yes, I'm 33 years old.
2370 Champlain St. NW #34
3 Bedrooms, 2.5 Baths
$775,000
From the entry level you ascend to the main level, which features a huge triangular living area. The skylit dining area is next to a wall of french doors, which open onto a panoramic view of the city. Next to that is the superlative kitchen. Look at that diamond-shaped, marble-topped island! Look at the custom cupboards, the commercial-grade appliances, the six-burner stove that comes equipped with a griddle! The gap between the quality of your cooking and the quality of your kitchen will never be larger. There's also a beautiful study, for your studying (just kidding, being an adult means not ever learning anything ever again), and a truly fine master bathroom that's far too nice for the disgusting things you're going to do in there.
The unit comes with a parking space (indispensable in Adams Morgan) and storage. Also, the prospective owner will have the rights to build a private roof deck. I don't know about you, but designing and building your own roof deck sounds like a no-brainer. I'd just cover the entire roof with Slip-n-Slide material, put up a padded barrier around the edge's perimeter, and let loose. Yes, I'm 33 years old.
2370 Champlain St. NW #34
3 Bedrooms, 2.5 Baths
$775,000
Jumat, 24 Agustus 2012
The Ground Floor
A new restaurant named Biergarten is coming to 1216 18th, St, NW, the former Guitar Shop space. Construction on the 3,371 square foot space is slated to begin in late September. Rumor has it the Public Bar people are behind the opening of Biergarten.
The Clarendon Whole Foods grocery store located at 2700 Wilson Blvd. has plans to remodel and add a beer room. The beer room will offer growlers, wine by the glass, local draft beers and craft bottled beers. Estimated opening date is late September.
Z Burger, the burger chain, has opened their fourth location in Columbia Heights in the Tivoli Theatre at 14th and Park St, NW.
Icebreaker Merino, a performance clothing store, will open it's first DMV location in Bethesda Row at 4821 Bethesda Ave.
Malmaison, a new restaurant from the owners of Napoleon and Bonaparte, is coming to 3401 K St, NW, at the base of Key Bridge. The restaurant will feature unique cocktails, pastries, hors d'oeuvres, dj's and dancing. An opening date has not been announced.
*Biergarten is going into the former Guitar Shop space, not the former Fudruckers space.
The Clarendon Whole Foods grocery store located at 2700 Wilson Blvd. has plans to remodel and add a beer room. The beer room will offer growlers, wine by the glass, local draft beers and craft bottled beers. Estimated opening date is late September.
Z Burger, the burger chain, has opened their fourth location in Columbia Heights in the Tivoli Theatre at 14th and Park St, NW.Icebreaker Merino, a performance clothing store, will open it's first DMV location in Bethesda Row at 4821 Bethesda Ave.
Malmaison, a new restaurant from the owners of Napoleon and Bonaparte, is coming to 3401 K St, NW, at the base of Key Bridge. The restaurant will feature unique cocktails, pastries, hors d'oeuvres, dj's and dancing. An opening date has not been announced.
*Biergarten is going into the former Guitar Shop space, not the former Fudruckers space.
Clarendon Project Underway
Formerly known as The Waverly at Clarendon Station, the development has now been christened The Beacon at Clarendon West, according to Greg West, chief development officer for the Florida-based Zom. "We’ve revised the design and rebranded the project," he said.
The company's original condo concept is off the table. Instead, the project will include 187 one- and two-bedroom units averaging 850 square feet, each with de rigeur hardwood floors, granite countertops and stainless steel appliances. About half will have balconies, and a rooftop pool is included in the package.
The building will have "a very unique and interesting radius shape," said West. In part, that curvilinear facade is designed to take advantage of the lot's outline. On the ground floor, lining both N. Irving Street and Washington Boulevard - but not the corner itself - will sit 17,000 square feet of space designed for retail. Zom has hired Asadoorian Retail to fill the spaces, but West claims the development partners have not decided on a specific mix of types. "We have a lot of flexibility as to the size and variety of what we can take," he said. "We just want to find the best tenants who will provide a good amenity value to the building."
Construction of the project, which is being done by Donohoe Construction, is beginning with a major excavation to make room for two floors of underground parking. The development, which will incorporate an historic facade that’s still on the property, should be finished in about two years.
The site, located two blocks from the Clarendon Metro station, has a fairly long history. Zom bought it from Faison in 2006 but the property lay empty for several years. In 2011, USAA bought the property and is developing it together with Zom.
The partners are also involved in a second Arlington venture, located at 1919 Clarendon Boulevard in Courthouse. The Clarendon Boulevard project, which is also currently under construction, is similar to the N. Irving Street one: although it's five stories rather than 10, the development includes 191 high-end apartments and another 17,000 s.f. of ground floor retail. Asadoorian is screening tenants for that property as well. "We'll be selecting retailers soon," said West.
Arlington Virginia real estate development news
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