Showing posts with label StonebridgeCarras. Show all posts
Showing posts with label StonebridgeCarras. Show all posts

Friday, September 25, 2020

Will Ivy City Get Its Park?

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Washington DC Crummell School development
Its been four years since the District selected the real estate development team to renovate the decaying Crummell School (circa 1911) in Ivy City and build on the surrounding land, but the parties seem to have made no progress since upbeat announcement in 2016. 
Georgetown retail for lease

Development plans began in earnest in 2015 with a presentation by the District government, which owns the historic school and 2-acre site.  Ideas were bandied for a full renovation of the deteriorating school and public-private partnership to add neighborhood amenities along with development, presumably housing, on the site, by turning the school into a community facility of some kind.  Following an RFP, the District government selected Ivy City Partners, a team comprised of StonebridgeCarras (now rebranded as Stonebridge), the Jarvis Company and Ocean Pro Properties in 2016.  The team produced a plan for 343 rental apartments, approximately one-third of them subsidized, but detractors saw too much development and too little open space for the public.

Crummell School, Ivy City, Washington DC development, Stonebridge Associates

Parisa Norouzi of Empower DC was against the original plan, which she contends left no room for a park, and allowed developers to build "right up to the edge of the school."  Developers don't agree with that characterization, but some in the community fought for additional park space, Norouzi fought for "at least 1 acre" of open space.  The DC Council finally held a hearing in 2018 to "surplus" the land, a legal step allowing development, but granted no authority.  In February 2019, Councilman Kenyan McDuffie, who's district covers the site, held a meeting with the developers and told the community they would now be given .69 acres of open space under a new plan, but the Mayor's office has moved the ball since. Norouzi argues for decoupling the development from renovation of the school, and getting the District to just pay for the Crummell School renovation, which in the current plan will be paid for by the developers, though that would still require a development plan.  "This is a neighborhood without any parks, without any trees" she says.  It does have a roastery, breweries, distilleries, ax-throwing, a day-drinking spot for parents, traditional retail, and some uniquely historic architecture, but some trees wouldn't hurt.

Crummell School, Ivy City, Stonebridge, ProFish, Jarvis, dc development

Crummell School, Ivy City, Stonebridge, ProFish, Jarvis, dc development


Washington DC commercial real estate development

Washington DC retail for lease


trees coming into focus...






Washington DC commercial real estate news

Friday, May 04, 2012

Heated Discussion Ends In Trillium Site Approval

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In a slip-of-the-tongue Thursday afternoon during the developer’s presentation at the Montgomery County Planning Board Meeting, Harris Teeter was named as the grocery store slated for the StonebridgeCarras residential and retail development at the Trillium Site in downtown Bethesda.


Residents speculated and hoped for various stores including a Harris Teeter and Whole Foods, but it had not been confirmed before today.

In a heated discussion, the StonebridgeCarras team proposing a 9-story, 360-unit apartment building for the recently purchased Trillium Site pushed back against a few key conditions placed on their proposal by Montgomery County Planning Commission staff: calculated vehicle trips and required gateway architecture.

The site, filling the block along Battery Lane between Woodmont and Wisconsin avenues, is designated as a gateway in the master plan, requiring special treatment to the building along both Wisconsin and Woodmont. Neither side disputes that fact, but they do disagree on how to indicate the gateway.

Staff wants special treatment to the corners of the building along the streets, and they argue the special treatment is in the center of the development. Developers say they intentionally created understated, stepped corners to meet the requirement and used different techniques in the center to draw the public into the public space.

The Board weighed both arguments and ultimately decided to allow the developers to keep their deign.

Staff received a handful of community comments that focused on the lost arts incubator space in the new plan,  but that feature was not added back into the development.

With the new plans approved, Stonebridge can continue moving toward development.

Bethesda, Maryland, real estate development news

Wednesday, May 02, 2012

Planning Board to Consider New Trillium Site Plans

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New plans for a single 9-story apartment building with  a grocery store and a public plaza at 8300 Wisconsin Ave. will make its way Thursday to the Montgomery County Planning Board.

StonebridgeCarras submitted its amended plans for Bethesda's former Trillium site back in January, and now it will seek approval from the Board. StonebridgeCarras and Walton Street Capital purchased the site in early 2011 for $29.25 million from Houston-based Patrinely Group, which had planned to build three residential towers designed by Davis Carter Scott.

Northwest-facing view from Wisconsin
StonebridgeCarras now plans a U-shaped building designed by WDG Architecture with up to 360 apartments - nearly double the Trillium plan - and 55,000 s.f. of retail encompassing a 22,000 s.f. public plaza that extends to the adjacent National Institutes of Health open space.

Ellen Miller, principal at StonebridgeCarras, said the apartments will range from efficiencies to large three-bedroom units - the size and price of which are not finalized.

The plan amendment submitted to the Board shows 30 efficiency, 185 one-bedroom, 127 two-bedroom, and 18 three-bedroom units. Of those, 45 units -- or 12.5 percent -- will be moderately priced dwelling units (MPDUs). Patrinely planned 198 units in its three buildings.

Intersection of Woodmont and Battery Lane
A grocery store Miller declined to name will anchor the building with entrances at the intersection of Woodmont Avenue and Battery Lane with a second entrance from the public plaza. Parking for 599 vehicles will be located on four levels below ground.

Removed from earlier plans is a 2,000 s.f. arts incubation space, a reduction that community groups opposed, but the developers say it no longer fits the project.

"We did try to consider how such a space might work in that location and in this project," Miller said. "In the end, we believed we had a different approach to the site. We had a use that was a magnet. We believe we have provided a beautiful public amenity space that has a very rich art component."
South-facing view from Wisconsin with NIH open space in the foreground

Instead, developers are working with Kent Bloomer Studio to bring a variety of artwork to the site. Miller said she hopes to present new renderings Thursday that better illustrate the integration of art.  At least five sculptures from other artists also are included in the plans.

The linear plaza will have a series of water features and various seating options for public use, and steps will lead down into the NIH open space.  More images of the plaza can be found here.

Planning Commission staff recommend approving the amendments, with some conditions such as streetscape improvements, an executed traffic mitigation plan, and using signs and focal points to draw people into the public space.

The Planning Board is scheduled to review the plan amendments at 2:15 p.m. Thursday.

Bethesda, Maryland, real estate development news

Thursday, March 29, 2012

Bethesda Row Project Gets Start Date

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At last, Bethesda's downtown extension is on the calendar. After years of planning, including the past year of being thisclose to breaking ground, Montgomery County officials say that construction work on Lot 31 - the public-private StonebridgeCarras-PN Hoffman project extending Bethesda Row - will begin the week of April 9th.

The project was scheduled to be underway last summer, but last minute wrinkles have continually held up the kickoff. With a formal groundbreaking ceremony now on the books, the next steps should happen in quick succession, beginning with closing the corner parking lot (April 10) in which Bethesdans circle endlessly on weekend evenings, then leading to closure of Woodmont Avenue (now scheduled for June 1). The county posted a sign last month stating that the lot would close April 1, a date that is inching back as construction plans are finalized.

Stephanie Coppula, Director of Marketing and Communications at Bethesda Urban Partnership, confirms that a formal groundbreaking is planned in 2 weeks. Work on the development will cause a major rerouting of traffic through Bethesda, to the extent that the county has ordered the farmer's market on Elm Street to close, and reopen at Bethesda Elementary, a move the Action Committee for Transit calls unnecessary as it puts the popular market into "a commercial dead zone."

The project has been in design since 2004, but Doug Firstenberg, Principal at StonebridgeCarras, says the timing is indicative of a project this difficult. "It's enormously complicated" says the developer of the details that had to precede the groundbreaking, noting that the project will involve a purchase of public land with public partnership for building nearly 1200 parking spaces below grade.


Bethesda-based SK&I designed the mixed-use structure occupying both sides of Woodmont Avenue. The project will consist of 40,000 s. f. of retail, and two residential buildings - The Flats, 162-unit apartment complex, and the Darcy, an 88-unit condominium building. 940 of the parking spaces will be for public use, replacing the 280 parking spaces now on the surface (which caused its own tempest), as Bethesda adds parking and braces for two and a half years of construction and reduced parking options.

The county will close Woodmont Avenue below Bethesda Avenue for an estimated twenty months as developers realign the intersection. The sounds of construction will be
evident throughout Bethesda as the downtown - conspicuously lacking construction cranes of late - begins to look more like downtown D.C. with Bainbridge's 17-story tower underway in Woodmont Triangle and another 17-story tower coming soon across the street.

Bethesda, Maryland real estate development news

Friday, January 27, 2012

Bethesda Lot 31 Project Delayed (Again) Until February

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Groundbreaking for Lot 31, the public-private StonebridgeCarras-PN Hoffman project on Bethesda Row, in the works since 2004, missed its January target date after being delayed yet again. But lead developer Stonebridge and Montgomery County government officials say it's not because the project is flagging on the home stretch - nor was the delay a response to complaints from local businesses about the closure of the lots and of Woodmont Avenue during construction.

"Just paperwork," said Esther Bowring, Montgomery County public information officer. "The project is still very much full steam ahead. We just need to make sure all the paperwork, all the permits, are in place before we proceed."

Doug Firstenberg, principal at StonebridgeCarras, agreed. "The hard part, the financing [with Northwestern], is already done, we formally closed on that in late November. I'm not sure I would even use the term 'delay.' With a partnership of this magnitude, there are so many I's to dot and T's to cross, we just want to get all the documentation straight." StonebridgeCarras originally set a start date of last summer, then pushed that back to January of 2012.

The SK&I-designed Lot 31 project, which will straddle Woodmont Avenue, is a keystone of the ongoing revitalization of Woodmont Triangle. In addition to 40,000 s. f. of retail space, and two residential units - The Flats, 162-unit apartment complex, and the Darcy, an 88-unit condominium building - the project will also incorporate a massive underground parking garage of nearly 1200 spaces. Of these, around 940 are earmarked for public use, with the rest associated with the two residential buildings. Presently, Lots 31 and 31A offer just under 280 parking spaces, so the finished complex will represent an almost fourfold increase.

Growth comes at a price. The existing spaces will be unavailable once construction starts, and the new garage isn't projected to open until two and a half years from groundbreaking. In addition, a stretch of Woodmont below Bethesda Avenue is going to be closed for twenty months as developers correct the distorted 'x' of the intersection, prompting some local businesses to wonder if they can weather an extended period of (perhaps sharply) reduced foot traffic.

Ultimately, those concerns were outweighed by what some see as Bethesda's urgent need for more parking. The zoning in the area requires zero parking for residential projects, a policy designed to steer people towards public parking and public transit.

Short-term, locals will have a number of alternatives once Lot 31 closes. Aside from increasing Circulator bus service, the county is shifting many long-term spaces out of the immediate area, as well as creating over a hundred new short-term spaces. They're also optimizing the parking that already exists. "We're installing a car-counter at Garage 57 [Bethesda-Elm Parking Garage] so people will be able to get the most out of that facility," says Bowring. "Right now you have to drive all the way to the top to see if there are any spaces, and that can be tight. Hopefully if we have the available spaces displayed on the outside for everyone to see, it will encourage people to use it."

In the big picture, Lot 31 is just one of several projects currently underway in downtown Bethesda. Stonebridge is also building a residential tower on the former Trillium site, Bainbridge Bethesda (formerly the Monty) is coming along on schedule, and JBG/Ross are turning 4900 Fairmont Avenue into a residential rental units. And of course, the Purple Line is on the horizon for 2014.

Bethesda, Maryland real estate development news

Monday, January 23, 2012

Woodmont Triangle Apartment Developers Seek Approal for Trillium Successor

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The barren, long-fallow Trillium site in Bethesda, long considered an unwelcome reminder of the untimely demise of the local market, is set to bounce back. Bethesda-based StonebridgeCarras, which in partnership with Walton Street Capital purchased the site in early 2011 for just over $29 million, filed their new plans for the site with Montgomery County just last month and hope to be before the planning board early this year.

“This is my new favorite project,” enthused Ellen Miller, Principal at Stonebridge. “This building is a gateway to Bethesda. The lot to the north [at the corner of Woodmont and Wisconsin] is owned by NIH and is a beautiful greenspace, and coming from the north you'll look across that and see this very handsome glass and brick building.”

The new plans are “quite different,” from the Trillium plans, says Miller. Where the Trillium plan, a Davis Carter Scott-designed series of three towers, was slanted heavily toward the high-end condo market, the Stonebridge development calls for around 370 rental units, from efficiencies to three-bedrooms, and a limited number of townhouse units that open directly onto Wisconsin Avenue. It also incorporates a significant amount of underground parking, and a grocery story on the ground floor - sort of.

“Given the topography of the site, how it falls almost twenty feet from Battery Lane,” says Miller, “the grocery store will be largely submerged on the Wisconsin side, with the main entrance on Woodmont.”

The u-shaped building, designed by WDG Architecture, features an interior green courtyard, which will incorporate an entrance to the as-yet-unnamed grocery store. Miller was coy when asked who it would be – Harris Teeter? Safeway? - but said that while they're still in negotiations, she thought the neighborhood would be very pleased with the mystery tenant. “This grocery amenity will not only serve the neighborhood, but also draw people in,” she said.

The site, way back when, was once home to the Clarion hotel, which was demolished in 2007 to make way for the Trillium project, the defunct condominium complex spearheaded by Houston-based Patrinely Group.

Doug Firstenberg, another principal at Stonebridge, told DCMud last year that he hoped this project could “anchor the redevelopment of Woodmont Triangle." Woodmont Triangle, situated as it is between the Medical Center and Bethesda metro stops on the Red Line, has attracted quite a bit of attention from developers recently. In addition to this project, developers are now building a pair of 17-story buildings in Woodmont - Bainbridge Bethesda as well and the long-delayed rebuild of 4900 Fairmont Avenue.

Just as the vacant Trillium site, which after last year's hurricane had fallen into open disrepair (Stonebridge has since cleaned up the lot) was seen by many as a symbol of the market crash, perhaps the long-overdue redevelopment could be a harbinger of an upturn? Local developers, no doubt, are hoping.

Bethesda, Maryland real estate development news

Tuesday, January 03, 2012

Celebrating NoMa

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The NoMa BID annual meeting tonight will bring together residents, decision makers and business leaders to celebrate progress and unveil new plans for the coming year including a new approach to parks.

So just how are things going? "Fabulously. Things are amazing," says NoMa BID President Robin-Eve Jasper.

According to the Broker Roadshow Book released this month, the BID has $4 billion in assessed value this year with another $1 billion under construction. There were 380,000 s.f. of private sector space leased in the last year. Twenty restaurants and shops opened in the last three years. New residents signed leases for 1,200 apartments, and another 2,200 units are under construction.
First + M

"I think we reached a point where people are feeling confident about the neighborhood," Jasper said. "It’s building on itself now."

NoMa BID reports a 17 percent increase in average household income since 2010. Jasper said that increase helps coax stores and restaurants to come into the area.

More residents soon will call NoMa home as Archstone's First + M apartments prepare to welcome tenants. The leasing office opened this week, and Jasper said the first residents are expected in June.

With all of those new residents, the neighborhood will need parks. Jasper said a "public realm vision" will be unveiled at the annual meeting. Without giving away all the secrets, she did say that the vision considers how people use parks to create the most useful spaces.

Construction also continues in NoMa. Two new projects are neck-and-neck in the race for being next in the ground: JBG Companies' Hyatt Place Hotel at the planned Capital Square site and MRP Realty's residential building at the planned Washington Gateway site.
Capital Square

JBG says it plans to break ground on the 200-room hotel this summer. It will be completed next year.







A spokeswoman for MRP said permits are still in progress, but the project is on track to start work this summer.

Several projects started construction in the past year, including Trammell Crow's Sentinel Square office project and Stonebridge's third building at Constitution Square.

And there still is more to come in the already booming area that exceeded initial expectations.

Jasper said that initial estimates were about $1 billion investment and 15,000 jobs, but says that today there are 45,000 jobs just in the NoMa BID. "All the right pieces were there, the right people to push to make things happen," she said, adding that the plans were not too restrictive or directive with planning and regulation. "And it enabled the private sector to come in and do what it does best."

"The vision that I have, for what it’s worth, is that in the next few years you start to feel this gravity and cohesion in the neighborhood generally where...there’s a vibrant commercial spine in the area of 1st street, and there’s a great feeling and sense of community in all of the adjacent neighborhoods," she said. "And if you go several streets out -- to all the row houses and apartment buildings --that people feel they’re all part of it. That this whole part of town becomes an area that has its own gravity."

Washington, D.C., real estate development news

Tuesday, October 18, 2011

NoMa's 'Three Constitution Square' Underway

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Add another project to the list for the NoMa BID: breaking ground yesterday morning was
Stonebridge Carras, Noma development, Constitution Square, US Department of Justice, Doug Firstenberg
StonebridgeCarras' 345,000-s.f. office building "Three Constitution Square" with 13,000 s.f. of ground floor retail. Like the developer's previous Constitution Square ventures, the building is being built completely on spec, neither office or retail space has been leased, confirms Doug Firstenberg, a founding principal of Stonebridge. The 12-story building, designed by HOK, will be complete by summer of 2013 with delivery to tenants possible the following fall, said Firstenberg, adding a simple endorsement: "It'll be a great building." Three Constitution Square at 175 N St, NE, is part of Phase II in the overall Constitution Square development, bounded by N Street to the north, M Street to the south, First Street to the west, and the red-line metro track to the east. 
Stonebridge Carras, Noma development, Constitution Square, US Department of Justice, Doug Firstenberg


Three Constitution Square will be adjacent to the Department of Justice and the New York Avenue metro stop, and across the street from the ATF.  Completed in the first phase of Constitution Square: two office buildings with ground floor retail occupied by GSA and DOJ, a Hilton Garden Inn, and "Flats 130," a 440-unit apartment with ground floor Harris Teeter. The other half of the second phase, underway now, is an apartment-and-retail building, which broke ground this spring. The third and final phase, also an office-and-retail building, is yet to come. StonebridgeCarras built phase 1 entirely on spec, but leased the entirety to GSA before selling it off. 

Washington D.C. real estate development news

Thursday, May 12, 2011

Constitution Square Breaks Ground on Phase 2

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StonebridgeCarras broke ground this week on their second phase of Constitution Square, queuing up another residential element in Noma's largest development. The construction will add 203 rental units to the mixed-use endeavor on Noma's northern edge, with another office phase to follow by July. StonebridgeCarras principal Doug Firstenberg says the 203 unit apartment building, designed by SK&I Architects, will be geared toward smaller, highly amenitized units to capture the segment of the market that has performed best next door at Flats 130, which Firstenberg says has been leasing more than 30 units per month and is now 45% occupied.

Stonebridge just now completed Two Constitution Square, which it also built without a tenant, and though Firstenberg initially banked on another large federal tenant, focus has now shifted to private tenants with the expected slowing of the expansion of the federal government and with it federal leasing.

Washington D.C. real estate development news

Thursday, March 24, 2011

Hilton Garden - NoMa's 2nd Hotel Opens Late April

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The Hilton Garden Inn will open April 22nd in NoMa, the second hotel in the burgeoning neighborhood, offering the area's only sit-down dining room, named Watershed (see menu in the link), headed by well-known D.C. chef, Todd Gray of Equinox.

This is especially good news for residents of The Flats 130 (of which 31% of 400 apartments are leased) Loree Grand at Union Place (of which 77 % of 212 apartments are leased) and Senate Square Towers (of which 95% of 432 units are leased).

As part of the first phase of Constitution Square, StonebridgeCarras was among the most bullish developers in NoMa. Their projects include the recently opened, 50,000 s.f. Harris Teeter in One Constitution Square at the corner of 1st and M Streets N.E., The grocery chain signed a 20-year lease for the site with Stonebridge in 2009. Constitution Square will also house 440 apartments, 905,000 s.f. of office space, and an additional 30,000 s.f. of retail. StonebridgeCarras broke ground on the hotel in 2008.


SK&I Architects designed the core and shell of the hotel, while Texas-based Paradigm Design helmed design of the interior (see renderings) for the 13-story, 204 room hotel which offers a fitness center, indoor pool, jacuzzi, free wi-fi, and adjustable beds. Lisa Haude, President of Paradigm, said the hotel is, "very clean, contemporary, and simple." The lobby showcases wood paneling and a floating glass staircase, with an aqua-blue, beige, taupe and ivory color scheme with wood accents. Todd Gray's Watershed offers and intimate bar area with a casual, open dining room with communal bar height and standard tables and booths as well as patio seating.

Washington, D.C. Real Estate Development News

Wednesday, March 09, 2011

Bethesda's Trillium Site Sold, Residential Project Planned

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StonebridgeCarras and Walton Street Capital have paid $29,250,000 to purchase the Trillium site in Bethesda. The Wisconsin Avenue site had hosted a hotel, demolished in 2007 to make way a the high-end condo project by Houston-based Patrinely Group, but the ill-timed development never broke ground.

Davis Carter Scott had designed 3 residential towers for the project with southward facing glass sheer walls, but Stonebridge says it will create "a new plan" for the site that will have to go through the Montgomery County approval process again, and will feature a retail component below the residential spaces that will now be rental apartments. StonebridgeCarras says it will have plans ready to submit this summer for the 1.6 acre site. The building will occupy the southern end of the block (see map) northern part of the block is owned by NIH.

Stonebridge founding principal Doug Firstenberg says the team is starting from scratch to build "over 300 rental units" above 50,000 s.f. of retail, but has not selected an architect for the project. "We expect entitlements to be about 2 years, we hope to break ground early 2013, and deliver by 2015" says Firstenberg. "Its a really great opportunity to do a mixed use site, you've got a gateway site, less than a half a mile from the red line Metro station, with the medical center adding several thousand new jobs. This could really anchor the redevelopment of Woodmont Triangle."

This is the third joint venture between affiliates of StonebridgeCarras and Walton Street, which included Constitution Square in Washington DC and 8000 Jones Branch Drive in Tyson’s Corner. The previous developer began sales of the condominiums, which ranged from $500,000 to $3,000,000, but never achieved enough sales to satisfy investor requirements to start construction.

Bethesda, Maryland real estate development news

Monday, February 14, 2011

Stonebridge, District Kick Off Conversion of Washington Star Printing Plant Tomorrow

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The District government and developers will commemorate the start of conversion of the old Washington Star printing plant tomorrow, turning the featureless, carton-like exterior in the shadow of the Southwest Express into a more modern structure designed by Hickok Cole. In a redevelopment plan the city inked with StonebridgeCarras in July of last year, the Washington DC government will pay to transform the building then rent it back from the developer for a 20 year period. Tuesday's ceremony will market "the official beginning of redevelopment," according to a press release.
The District government began leasing the property in 2007, but failed to use the building, then purchased the property last year for $85.2m, though it has not occupied the space. Actual construction began on the property last month. The revised building has been designed to earn a LEED Silver certification, incorporate the largest green roof owned by the District of Columbia, and provide space for a public gallery to "showcase the vast art collection of the DC Commission on the Arts and Humanities."

The city will continue to own the land in a lease-leaseback arrangement with StonebridgeCarras. The city will lease the property to the developer, which will finance construction of the renovation, then lease it back to the city for $8.4m per year to be used as office space for several District agencies. The property will revert to the District at the end of the 20-year agreement. The District government will build a data center and is seeking an occupant for the 50,000 s.f. of available space.

Washington DC real estate development news

 

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