Showing posts with label Keener Squire. Show all posts
Showing posts with label Keener Squire. Show all posts

Friday, November 02, 2012

Development of Rare Vacant Lot in Dupont to Start Next Month

6 comments
A nine-story apartment building planned in Dupont Circle at the corner of 17th and O Streets, NW will break ground this year, replacing a parking lot on one of the last undeveloped lots in the neighborhood.  The First Baptist Church of Washington owns the lot, but developer Keener Squire will build the 218-unit building under a 99-year ground lease with the churchEric Colbert and Associates is the architectural firm on the project.

Rendering: Eric Colbert & Associates
DCMud reported in April that the developer intended to break ground this year, but unlike project start dates that regularly slip indefinitely, executives at Keener Squire assure DCMud that the initial estimates are still valid.  Developers expect the total construction time to be about 18 months.

The project has obtained necessary approvals from the Historic Preservation Review Board (HPRB) (the site sits in the Dupont Circle Historic District), and the DC Board of Zoning adjustment, and has the support of Advisory Neighborhood Commission (ANC) 2B and the Dupont Circle Conservancy.  The building's 118 units will be mostly junior one-bedrooms and some two-bedrooms, which were added to plans in response to requests from neighbors.

The building's design fits in with neighboring 1930's-era buildings, an architect on the project said.   "The design draws from the art moderne apartment buildings in the area, but at the same time is an updated 21st century building," Steve Dickens, architect with Eric Colbert and Associates told DCMud.  He cited Bay State Apartments and Boston House Condominiums, both just across the street from the site, as examples of neighboring art moderne-style structures.

Art moderne buildings in the neighborhood, Dickens said, were built after just after the historic district's so-called "period of significance" - a period historic districts look to in consideration of design appropriateness - which goes up until the 1930's.  Still, the HPRB backed the design.  "Given that this neighborhood has almost no buildings that date to the period of significance, the HPRB felt that the buildings that were around us were the significant buildings to look at."

Dickens emphasized that the design process has been collaborative, with the church as a major partner, "they want to make sure that whatever goes there is something that the most immediate neighbors are happy with."

Washington D.C. real estate development news

Wednesday, April 18, 2012

First Baptist's Apartment Building to Replace Dupont Parking Lot

11 comments


Having finally received approval for their requested zoning exceptions, the First Baptist Church of Washington's planned nine-story, 218-unit apartment building, set to be built on one of Dupont Circle's last remaining surface parking lots, is juuuuuust about ready to go.


"The project has a clear runway to ground- breaking. All we need now is the building permit. We're thinking we'll start construction in 4Q of this year, and it'll take about 18 months, all told," said Michael Korns, Developer at Keener Squire, the firm overseeing the project.

The Eric Colbert and Associates-designed project was initially met with considerable community resistance, for reasons ranging from noise, a potential influx of students, and preserving the neighborhood's last parking lot (arguably the least sympathetic cause of all time). In response to the outcry, developers and architect Eric Colbert revised the design to reduce the exposure of rooftop common areas, and reduced the number of efficiency units. (There was some speculation that the reduced number of efficiencies was in response to complaints that the building might become a magnet for students. Perhaps sensitive to the suggestion of reverse ageism, ANC 2B removed text praising the efficiencies reduction from their resolution in support of the project.)

At around ninety feet, the building will fit in with the established scale of the area, and aesthetically it should match the neighboring structures. "It's a stone and brick and precast building, yellow in color, a fair amount of glass, and metal sunshades," says Korns, all of which is in keeping with the modern architecture in the area. Though the area will lose some parking spaces once the lot is gone, the edifice does include 93 below-grade parking spaces. And although any construction is, of course, disruptive, the plan that was approved was the least disruptive of all possibilities that were discussed.

"Some of the plans we were thinking of presenting would have involved demolishing an extension built onto the church in the Eighties, but we decided against that. It would've been too disruptive to the neighborhood and to the church; they have daycare there, and community programs."

Having finally cleared the last hurdle, after withstanding fierce community resistance and making significant concessions and design changes to appease those concerns, did Korns have anything he'd like to say to the community?

"No comment," Korns said dryly.

Washington D.C. real estate development news

Friday, April 17, 2009

Adams Morgan Fixer-Upper Gets Fixed-Up

5 comments
The Kalorama / Adams Morgan neighborhood will soon have one less dilapidated tinderbox for neighbors to revile. Located at 2110 19th Street, NW, the three-story apartment building at the site has gone from bad to worse over the past half-decade. Luckily for area preservationist aficionados, however, renovation (if you can call throwing out everything except the facade a renovation) is currently underway and, once completed, this real estate ugly duckling will emerge a swan - courtesy of DC apartment developer and management company Keener Squire Properties and the architects of Eric Colbert and Associates.

Originally known as the The Hilltop, residents of the then 15-unit tenement - described by The Washington Post at the time as a "badly deteriorated building" - were bought out of their leases in 2005. Another District development company, Nicol Development, then tried their hand at culling 22 condominiums out of the building shortly thereafter and summarily failed, leaving nothing but a condemned husk of a building in what was (ironically enough) one of the District’s more desirable neighborhoods. But then 2007 happened, and Nicol lost control of four local projects, this one to the lender. The property had been informally floated above $5 million by Nicol, then more formally listed at $3.8 million but still no takers. Cut to the summer of 2008, when Keener Squire was able to pick it up at the “fixer-upper” special rate of $2.1 million.

“My client bought it at auction,” said architect Eric Colbert. “Someone had tried to develop it a while back, but they didn’t know what they were doing and wound up abandoning the project…It must have been at least five or six years [since people lived there.]”

That's about to change. Keener-Squire is currently projecting a 12-month timetable for a complete renovation of the once-roughshod apartment complex. The building’s original 25,000 square foot shell will receive an extra 5,000 feet during the course of the build-out, allowing for a total of 35 new residential units and two new floors. Keener-Squire’s in-house general contractor, Wayne Construction, is overseeing work at the site. Sources say the building is being designed as rental apartments, but, as always, market forces will ultimately dictate the final outcome.

Thursday, July 03, 2008

West End's Newest Condos

0 comments
Washington DC commercial real estate, retail leasingWashington DC's West End neighborhood has two more condominiums to call its own. The neighborhood that had until the past few years been the DMZ between Georgetown and Dupont, home to emergency vehicles, gas stations, and crumbling embassies, has nearly completed its neoresidential transformation. After two years of construction, Eastbanc Development's 22 West has begun moving residents into the building. One block away, the Tiverton Apartment building is now undergoing renovation to convert the historic apartments into a condominium. The Tiverton, at 1121 24th Street, was purchased by Keener-Squire in early 2008, which removed theWashington DC commercial property, West End Flats, Eastbanc, Tiverton Apartments, Keener Squire, Shalom Baranes tenants to make way for a full renovation and conversion into the West End Flats. Sales by Coldwell Banker Residential are expected to begin in September. 

Sale of the building touched off a firestorm last fall when Georgetown-based Eastbanc proposed a comprehensive development package that included the Tiverton. Under the proposal, Eastbanc would have purchased three parcels for market rate, including the Tiverton and adjacent West End Library site, and would have provided the District with a new fire station, library and Special Operations Division of the Metropolitan Police Department, all of which demeaningly outdated. The DC Council approved the real estate sale last July but, waking up the next morning and realizing what it had done, was suddenly revolted at the non-competitiveness of the agreement, and on October 2nd, with neighborhood activists protesting to have more input in the District's sale of land, unanimously passed a motion to reconsider the sale. The Council then passed a second motion proposed by Councilmember Jack Evans to table the property disposition, which effectively ended discussions on the deal. The 22 West, Eastbanc, West End, Washington DC, new condosCouncil initially approved the development plans "in the belief that [the Council] was protecting the rights of the Tiverton tenants," said Evans at the time, but in the end the entire council buckled, and eventually sold the Tiverton separately, sacrificing development of the library, fire station and police station. The West End is surrounded by tony condos like the Columbia Residences, which converted the old Columbia Women's Hospital, and Ritz Carlton, also by Eastbanc. The Tiverton is expected to be ready in early 2009. 22 West, designed by Shalom Baranes with a zinc exterior, is selling its 95 condos from the upper $700k's.

Washington DC retail and real estate news

Friday, January 12, 2007

Sheridan Garage Condo Sales to Start this Spring

1 comments
After much anticipation and years of planning, condo units in Georgetown’s historic Sheridan Garage project are expected to be offered for sale starting this Spring. Sheridan Garage, located at 2516 Q Street NW, will contain 34 high-end residential units, with the original building flanked by two new wings. The original garage, built in 1922, is being restored to its original industrial appearance, but this being Georgetown, exposed ducts are out and instead you’ll see crown molding. The original building will be joined by a glass walkway to a new 3-story building on the East and a third building made to look like two historic townhouses on the West. There will also be 34 underground parking spaces. Units are expected to average 1,100 sf, and will range from $400,000 to $1.6 million. Construction started this Fall, with completion slated for the end of 2007. Sheridan garage is being developed by Keener-Squire/ KS East Place Development, with architecture design by Shalom Baranes and Eric Colbert.

Friday, July 28, 2006

More Apartments Convert to Private Ownership

0 comments
Despite the gloomy forecasts of various media declaring an oversaturated condo market, apartments still aren’t safe from conversions. The latest downtown DC conversions include a pair of historic buildings undergoing renovations by local developers for impending sales as condominium units. The newest converts are The Grant, a historic 40-unit building at 1314 Massachusetts Ave., NW, and the Chastleton, an 86 year-old building at 1701 16th St., NW, with developer Keener-Squire converting its remaining apartments. Despite the supposed malaise of the market, condos in Metro-centered neighborhoods have been the least affected in the region; and with financing costs rising and construction costs, well, going through the roof, conversions offer developers relatively speedy, low-cost alternatives to developing increasingly scarce land. Condo conversions are dead; long live the condo conversion!
 

DCmud - The Urban Real Estate Digest of Washington DC Copyright © 2008 Black Brown Pop Template by Ipiet's Blogger Template