Showing posts with label Trammell Crow Residential. Show all posts
Showing posts with label Trammell Crow Residential. Show all posts

Friday, March 18, 2011

Largest Residential Development in Years Breaks Ground in NoMa

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One of the largest single-phase residential developments in the city's recent history broke ground in NoMa this week. Mill Creek Residential Trust LLC will build NoMa West, three five-story buildings on a 4.3 acre site that will add 603 predominantly market rate apartments to the burgeoning neighborhood. The Preston Partnership LLC is responsible for the design, and R.D. Jones & Associates will do interior work.

Formerly owned by Trammell Crow Residential, which had promised work was "imminent" at several points in the past, the land was transferred by two former principal partners who left Trammell Crow to join the Dallas-based firm. Financing was orchestrated through Berkshire Income Realty and PNC Bank. The site was purchased in 2007, at which point the developers adjusted the 2005 PUD to what amounts to the current plans.

"We are lucky to have weathered the storm that has halted so many development projects in the area and around the country," said Sam Simone, Managing Director of Mill Creek Residential Trust LLC. "We're also lucky to be developing in a city that's been as protected from the economic downturn as Washington, D.C."

Positioned at Eckington Place immediately behind the FedEx shipping center, within the NoMa BID, Q Street will run through the development (see map), allowing for the creation of a pedestrian thoroughfare between the three buildings, which "actually look like six, because we wanted to break up the elevation," said Simone.

Building 100 (for now, until it's renamed) offers warehouse loft designs while Building 200 features more glass and a modern feel. Building 300 is parsed in two parts: one offers traditional rowhouse architecture while the other riffs on the modern design of Building 200. Amenities for the complex include two pools, two club rooms, a media theater room, a small park, and e-lounge, not to mention a paltry 1250 s.f. of retail - downsized from the initial plan for 15,000 s.f. unveiled back in 2006. Simone anticipates the project will span three years to complete.

Development has been a musical chairs game, with owner CSX having selected Fairfield Residential to build the project in 2004, before handing off to Trammell Crow, with each successive developer intending to begin construction in the short term.

Washington, D.C. real estate development news

Friday, January 18, 2008

New Rentals Break Ground in Alexandria

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Trammell Crow Residential has just broken ground on Alexandria's newest apartment building, the Alexan Carlyle, at 800 John Carlyle Street, roughly two blocks from the Patent and Trademark Office headquarters. The 280-unit rental complex is a $94 million joint-venture split between Trammell Crow and Olayan America Corporation as an institutional investor.

The 2.8-acre site is planned to house a resort-esque, luxury apartment building amply loaded with amenities typical of "luxury" buildings: A swimming pool, clubhouse, mini-gym and billiards room among others. Virginia-based Cubellis DCA served as the architects and has reportedly created the architectural pu pu platter of buildings, integrating three separate architectural styles within the 5-story building: Classic federal architecture reminiscent of Old Town, an art-deco panache and an urban loft approach. The first units will be completed by the fall of 2009.

"The Carlyle neighborhood of Alexandria is the perfect location for TCR's latest Alexan luxury rental community, Alexan Carlyle. The new PTO headquarters is just two blocks away and is adding jobs at the rate of about 1,200 per year. Plus residents will have easy access to two Metro stations as well as all the shops and restaurants of Old Town Alexandria," said Sean Caldwell, Managing Director at Trammell Crow Residential. PNC Bank is financing the construction of TCR's newest addition to Northern Virginia.

Tuesday, December 05, 2006

Changes Coming to Georgia Avenue-Petworth, Dunn Loring Metro Stops

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Those who suffered through the building of the Green Line remember well the disruption and dust kicked up by that long project, and celebrated the day the line was completed. While not as controversial, and in the end it will be part of something wonderful for Petworth, the Washington Metropolitan Area Transit Authority (WMATA) is planning to close the west escalator entrance to the Georgia Ave-Petworth station for two years starting December 11, 2006 (the east escalator entrance will stay open). This is part of the construction plan for Park Place (pictured), which is being built above the station. When completed in mid-2008, Park Place will offer 156 units in a 6-story building built by Donatelli Development. Park Place will offer underground parking and private rooftop terraces for prices starting at $320,000 for a 1BR condo and $480,000 for a 2 BR unit.

In other metro stop news, on Monday the Fairfax County Board of Supervisors approved Trammel Crow Residential’s plan to build a 720-unit apartment building with retail on a 15-acre lot at the Dunn Loring-Merrifield station. The project calls for three towers, set around a landscaped plaza, to be built on the parking lot, along with a new six-story parking garage with 2,000 spaces and stores underneath. There also will be 1,150 additional underground parking spaces under the apartment towers. Eight percent of the apartments will be set aside as "workforce" housing for county employees and low-income residents. In addition, Trammel Crow has pledged to the county a contribution to help cover the costs that the expected influx of new school-aged children will bring.
 

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