Kamis, 01 November 2012

Alexandria Affordable Housing Complex Back on Track


An AHC Inc.-developed affordable housing complex at the corner of East Reed Avenue and Route 1/Jefferson Davis Highway, in Alexandria, is now slated for an early 2014 groundbreaking, after hitting delays earlier this year.

The latest iteration of the project, which has increased to 77 units, from an original 59, should head to the Alexandria City Council in December for final approval, according to John Welsh, Vice President at AHC.

"We're really happy with the design," says Welsh.  "The city planning office gave their opinion on it, and asked for a few minor changes.  Mostly design stuff - switching a metal accent to the other side of the building so it would be a stronger element on Route 1, that kind of thing."



The Bonstra-Haresign-designed building will offer 15 one-bedroom units, 51 two-bedroom units, and eleven three-bedroom units, at 60% of AMI (approximately $56,000/year).  The facade is "primarily brick, with a few other materials, and some metal accents to give it a nice polish," said Welsh.  The building will be five stories tall on the east side, and taper down to three stories on the west, and there will also be 77 below-grade parking spaces, a one-to-one ratio that marks a significant increase from the earlier design's 0.77 ratio, a number that caused some consternation among city planners as potentially insufficient.  Construction is projected to take 18 months, with leasing estimated to take until the end of 2015.

The project will sit on a joined plot consisting of a city-owned parcel at 3600 Jefferson Davis Highway and three privately-owned parcels controlled by AHC.  Funding is being provided by a package of AHC funds, a $1.1 million-plus affordable housing loan from the city, and tax credits, the application deadline for the latter contributing, at least in part, to past delays.

Piazza Arriba!

Q and A with Jane Treacy of Treacy and Eagleburger Architects, PC  
By Beth Herman

Desiring a new kitchen and family room that fed into a garden space, Chevy Chase, Md. homeowners were also dealing with a deteriorating garage and non-existent backyard aesthetic. DCMud spoke with architect Jane Treacy of Treacy and Eagleburger Architects PC about reimagining the space to include a rooftop terrace—atop the garage.

DCMud: Describe the challenges of this project, which was both a renovation and new construction.

Treacy: When we came to the project—a bungalow built circa the early 1920s—there were multiple issues. These included an existing garage off the alley, which is about 8 feet down from the first floor. The yard itself was not at the exact same height as the first floor—it was reasonably higher. They wanted to keep the two-car garage, though it was falling down and popped up above grade—a bit of an albatross in the backyard/garden.

DCMud: What were the first steps?

Treacy: When we considered the family room addition, we placed it down a couple of steps so it could feed out to the garden level. We dropped the whole roof of the garage down by using a concrete slab for its roof to condense the height as much as possible and to get it to be at that same level.

DCMud: So the idea was to walk straight out and be on the roof of the garage.

Treacy: Yes, and we also terraced the stone paving over the roof. When the discussion arose about a screened porch, we decided to put it all the way at the back of the site, over the roof, and made an edge to the patio. It creates this kind of urban courtyard—a piazza. The area between the house and the screened porch is about 600 s.f. and the porch itself is 180 s.f.

DCMud: So to be clear, when you’re in the piazza with its screened porch and stone terrace, you’re on the roof of the garage.

Treacy: The terrace is half over the garage, and half over earth. So much of the design had to do with being able to pull the cars in from the alley, and then build over the top with the screen porch at the back of the terrace. There is also an enclosed stair that goes straight down into the garage.

DCMud: How did you create the family room?

Treacy: The kitchen, which we also renovated, is on the main level of the original house, and we stepped things down two steps into the family room. This allowed us to get a nice ceiling height in there—about 10 feet—and make that room very much a part of the garden space in the back. Three tall French doors with clerestory windows support the notion.

Treacy: The owners are ardent gardeners, so being able to push a really nice space into the garden as well as have a screened space out there was important. Following construction, they developed a beautiful, festive garden that integrates the space.


DCMud: You and your husband Phillip have produced such a vast body of residential work. Is there a particular D.C. architect who truly influenced you from the beginning?

Treacy: It would have to be mid-century modernist architect David Condon, who created Hollin Hills in Alexandria among other special properties. I have always been inspired by everything from his shed roofs to his fresh modern style.



Morning Real Estate Fix

August a good month for home prices (Washington Times)  New reports show that housing prices in nearly all major American cities rose during the month of August, and even laggards like Las Vegas are showing a modicum of improvement.

Fannie Mae reaches short sale agreement with insurers (HousingWire)  The mortgage buyer has reached a deal with 9 mortgage insurers to streamline the short sale process, which may also help refinancing.

Mortgage applications decline as refinancing diminishes (Mortgage Bankers Association)  Mortgage applications fell 4.8% this week.  Analysts have long expected this as rock-bottom rates don't have room to fall.

HARP 2:  the nuts and bolts of refinancing (Daily Mortgage Reports)  Following HARP 1, which helped refinance far fewer homes than expected and failed to get at the problem, HARP 2 aims to correct the original mistakes.

Rethinking the FBI building (Washington Post)  As one of the ugliest buildings on earth, the J. Edgar Hoover building has few supporters, especially in the increasingly posh Penn Quarter neighborhood of DC.  What to do with it?  Some idle thoughts...

Rabu, 31 Oktober 2012

Abdo Envisions Condos for Empty Rhode Island Avenue Lot

You could call it a vindication. Or you could simply say the market finally changed.

Either way, Jim Abdo says he’s got revamped plans for the property he owns at 1427 and 1429 Rhode Island Avenue NW, the only vacant lot on that block and one of the few left in the neighborhood. The Logan Circle-based developer had been planning on erecting a 70-something unit apartment building there, but ran into opposition from neighbors due to its size. As of this past February, he had backed off from the project entirely.

The lot as it currently appears
Now he says he’s got new plans for the lot, which backs up to the P Street Whole Foods Market. Due to a steadily improving housing market and the increased availability of financing for condo construction, Abdo has returned to the plan he says he’d initially envisioned for the property before the economy tanked: a high-end condo building containing just a few units.

“My vision has always been a boutique building with a small number of units,” explained Abdo. “And every day and month I wait, the market comes back in my favor to do what I want. We think it’s a win-win for everyone, and it’s what the neighborhood will embrace.”

Abdo didn’t provide many details about what he has in mind, as the project hasn’t gone far beyond the basic concept stage. But he says he’s imagining a 90-foot high building that contains nine or ten units, each taking up an entire floor and potentially reached by elevators that open directly into the units.

That’s a big difference from the property’s previous iteration, which was an eight-story rental building conceived of at a time when condo financing was almost nonexistent. Although the design earned approvals from the Historic Preservation Review Board, neighbors objected to its density and Abdo eventually withdrew his plans.

The lot with its prior structures, which were knocked down in 2007
“I said, ‘Let’s revisit this thing,’” he explained.

Nothing’s happening anytime soon. The developer, who bought the property in 2001, says the company probably won’t start moving on the project until 2014. At that point, in-house architects will begin putting together design ideas and he’ll reach out to HPRB and the community.

It’s not like the firm doesn’t have enough going on as it is. Besides projects in Brookland and Arlington, Abdo is also planning to develop a spot a few dozen feet to the east: 1400 14th Street, a corner lot at the intersection of 14th Street and Rhode Island Avenue that currently includes a Caribou Coffee and Abdo’s own office (and next to the DCMud office). That project—a six-story building to include ground floor retail, one floor of offices, and some 30 residences—received HPRB approval a couple of months ago. Groundbreaking is set for next year.

That turns the block of Rhode Island between 14th and 15th streets a mini Abdo-ville. The developer owns another property on the block, and developed the two condo buildings framing the empty lot—the Zenith and the Willison—more than a decade ago.

Washington, D.C., real estate development news

Morning Real Estate Fix

Sandy amps up anxiety of home buying (Washington Post)  Delays in settlements can cause headaches, and the shifted liability - as sellers remain liable for storm damage until settlement - can be a cause of litigation.

A look at proposals to limit the mortgage interest deduction (LA Times)  With the deduction saving taxpayers $484 billion per year, numerous proposals to ratchet down the deficits of the last 3 years have the popular credit in their sites.

Constitution Center leases remaining space (Biz Journal)  3 new federal agencies fill the vacant space at the recently renovated building in southwest designed for high-security government tenants.

DC property fared much better than that of NYC (Atlantic Cities)  Parts of lower Manhattan were under enough water to submerge cars.

Senin, 29 Oktober 2012

10 Questions with ... Anthony Lanier

10 Questions is a new weekly feature in which we interview some of the leading District figures in real estate, architecture, development, and planning. This week's subject ... Anthony Lanier, president and owner of EastBanc.

Born in Brazil and raised in Austria, Lanier, informally known as the "King of Georgetown," arrived in DC in the Eighties, and over the years has almost singlehandedly transformed once-sleepy Georgetown into a dynamic, European-style pedestrian center.  It's a testament to his influence that when his company recently acquired properties in the U Street NW and H Street NE corridors, it was hailed as a definitive milestone in these areas' return to viability.



1.  What's a typical day for you?

Fifteen hours long!

2.  What or who is your biggest influence?

My kids.  If they can do it, so should I.


3.What neighborhood do you live in?

Georgetown.

4.  What is your biggest DC pet peeve?

The village/pedestrian context.

5.  What is the #1 most played song on your iPod?

I don't own an iPod.

6.  Favorite DC haunt?

Kafe Leopold.

7.  What's your favorite thing to do on a Sunday afternoon?

Sit in my garden.

8.  If you could live anywhere in the world, where would it be?

Somewhere between Salzburg and Bozen (Bolzano).

9.  If you couldn't be a.businessman, what would you be?

I think I'd be an intellectual.

10.  Name one thing most people don't know about you.

I really like turtles.

Adams Morgan Condos Release New Renderings

Developers have released new renderings of the condos that will take up the largest vacant lot on Champlain Street.   Federal Capital Partners and Altus Realty Partners will break ground shortly on a 41-unit condominium at 2337 Champlain Street, NW, in Adams Morgan.  Designed by PGN Architects, the renderings show a contemporary structure with a split facade adjacent to the former brass knob warehouse.


Washington D.C. real estate development news