Showing posts with label office. Show all posts
Showing posts with label office. Show all posts

Wednesday, July 25, 2007

The Sound of Silence – Birchmere Cancels Plans for Silver Spring Music Hall

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And now for a story that harshes our mellow, considering dcmud’s mini-obsession with music (after our real estate crush, of course). Last September, we reported that Montgomery County officials had announced a partnership with Lee Development Group that would bring a new branch of the Birchmere Music Hall to the old art-deco J.C. Penny building at 8656 Colesville Road (owned by Lee Development), located at the corner of Colesville Road at Fenton Street in Silver Spring, by 2009. The Birchmere – a long-time stalwart of the Del Ray, Alexandria, scene on Mount Vernon Avenue (old-timers like us will also remember its original location in Old Town), has supported many major singer-songwriter talents, including well-known performers such as Mary Chapin Carpenter, Lyle Lovett, and John Hiatt.

However, this week Birchmere officials announced that the planned $8 million, 800-seat venue (pictured) is now off the table, and that Montgomery County officials and Lee Development both have backed out of the deal. Instead, it appears that this location might instead see the development of a 152-room hotel, 183,000-sf office building, a 650-space garage, and a "stand-up" nightclub. (A comedy club? Shudder ....) While the loss of The Birchmere is a blow to music lovers, at least developers appear to still be singing a positive tune on Silver Spring’s potential.

Update: The Post is now reporting that instead of the Birchmere, a bigger music venue is in consideration to occupy this space! Live Nation, the world's largest producer of live concerts, is contemplating putting one of its Fillmore-branded clubs here, and would make the club three times as large (over 2,000 capacity) as what was planned for the Birchmere. While we'd personally prefer having the homegrown Birchmere and its emphasis on intimate shows, the Fillmore coming would be a major coup on Silver Spring's part. Stay tuned ....

Tuesday, July 24, 2007

Developer to Expand Hyattsville Project

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As the redevelopment of Route 1 in Hyattsville into a vibrant, livable city center moves forward, Bethesda-based developer EYA is already making plans to add new residential units and commercial/retail space to its current $125 million "Arts District Hyattsville" plan for the area. EYA has agreed to purchase two additional properties next to the former Lustine Chevrolet dealership lot (where Route 1 hits Madison Street), which it is now in the midst of redeveloping, with Phase I delivering 12 "live-work" units plus 119 townhouse-style row homes that are scheduled for Spring 2008 completion (and will sell for between $400,000-$600,000), and Phase 2 promising 220 more row homes, four "live-work" units, and 34,500 sf of retail and restaurant space (pending plan approval by the Prince George's County Planning Board this fall). With its new land purchases, EYA envisions building either 82 new residential units, or perhaps 12 residential units and a mix of commercial and retail use. EYA’s "Arts District Hyattsville" project is part of Maryland’s designated effort, launched in April 2005, to redevelop the town’s Route 1 corridor into a "gateway arts and entertainment district."

Monday, July 16, 2007

BNA Site Project Wins Zoning Approval

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On July 9, the DC Zoning Commission approved plans submitted by TRS Inc. to build its Planned Unit Development (PUD) at 1227-1231 25th Street NW, the West End site of the Bureau of National Affairs office, which is relocating to Crystal City. TRS is converting the three office buildings now on the lot (which is just above M Street NW along Rock Creek Park) into two connected condominium buildings (1229 and 1231) with four additional stories added on top, with the third building (1227) reserved for offices. The condominium portion will contain up to 295 residential units, including up to 8,000 sf as "affordable" housing. The project is expected to be completed in late 2008.

Friday, July 06, 2007

Southeast’s "Blue Castle" Property Back On Market

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According to the Washington Business Journal, a much-eyed parcel of land near the Navy Yard and the new The Yards project and Nationals Ballpark in Southeast is back on the market. The almost 100,000-sf, Civil War-era “Blue Castle” building at 770 M Street SE (and the 1.6 acres it sits upon) is now owned by Preferred Real Estate Investments Inc. of Conshohocken, PA, which bought the property for $20.2 million in 2005. The current sale is being handled by Cassidy & Pinkard Colliers. Whoever the buyer is, they will inherit the current leases now being used through 2012 by charter schools Eagle Academy Public Charter and Kipp D.C.'s Key Academy. At that point, the property will most likely be redeveloped; the current zoning is for retail and office development of 214,000 sf. Cassidy & Pinkard Colliers has already reportedly received a number of proposals, though no decisions have been made at this time.

Tuesday, July 03, 2007

For Sale - Silver Spring's The Blairs

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Interested in some property? OK – how about a lot of property, namely a large chunk of south Silver Spring residential and commercial property? Anyone with passing familiarity with Silver Spring is well aware of The Blairs, the massive mixed-use residential, retail and office complex located just south of East-West Highway (and the Silver Spring metro) and north of the DC line, bordered on the east and west by Colesville and Blair Mill Roads. Well, this past week property owner The Towers Cos. placed a “For Sale” in the window, the first time the complete 26-acre property has been put on the market since it was first developed in the 1960s. In total, The Blairs consists of 1,397 rental units spread between three hi-rises, garden apartments, and townhouses, 83,154 sf of retail space (including the Giant supermarket, CVS, and other stores in the shopping strip), and 69,517 sf of office space.

While the complex could simply change hands with residents not even noticing the switch (except for maybe a rent bump), it is interesting to note that the Cassidy & Pinkard sales flier indicates that the property could easily be expanded, stating that new development capacity could include 1,403 additional apartments, and 297,329 sf of new commercial space. Such expansion would certainly add a wrinkle to the already-significant level of development happening at this corner of East-West Highway and Blair Mill Road. Just east across Blair Mill is the still-selling, 151-unit Mica condo conversion, and rubbing shoulders with the Mica is the 96-unit The Argent project, which just broke ground last month at 1200 Blair Mill Road. Just northeast of The Blairs is the 247-unit 1200 East-West project, which broke ground in June, and across East-West Highway from this project is the 460-unit Silver Spring Gateway project. We might as well also go west and throw in the 1,020-unit Falkland North project at the corner of East-West Highway and 16th Street. The best investment of all, with this myriad development? One of those silvery Food Trucks that stops on the works sites twice a day to serve breakfast and lunch to the construction crews – now they will be doing brisk business for the next few years!

Wednesday, June 27, 2007

Zoning Appeal for 2175 K Street Addition Postponed

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The DC Board of Zoning Adjudication (BZA), scheduled to hear an appeal last week by developer Minshall Stewart Properties regarding its 2175 K Street NW project in the West End (just east of Washington Circle), instead postponed the hearing until September. Minshall Stewart had submitted a zoning application to add three stories to the office half of the existing office/condo complex at this address, but the city zoning administrator ruled that such a move would necessitate a variance from the BZA. Depending on the September appeal, Minshall Stewart will either be able to build the addition without issue, or have to go before the BZA again in November for the variance. Opposition to the addition has been voiced by both the condo side of the complex and nearby row homes to the west, which fear they will lose their views and sun to the new office floors.

Thursday, June 21, 2007

Randall School Project Update

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Last November, the vacant Randall School at Half and I Streets in Southwest DC, long the desire of many dreaming developers, was purchased by the Corcoran Gallery of Art, which announced it had bought the 80,000-sf building from the DC government for $6.2 million, and hired Monument Realty to manage its renovation into new art space and apartments. However, last week the Southwest Advisory Neighborhood Commission (ANC 6D) voted in opposition of this renovation plan, stating that the development didn’t do enough for the surrounding community. The Corcoran was hoping to gain the commission's approval before going before the Mayor’s office on June 27 (and after that the Zoning Commission, as part of the historic structure is slated for destruction), though the ANC’s approval is not required.

The Corcoran, which has outgrown its home on 17th Street near the White House, envisions using half of the fixed-up school for studio, classroom, and display space for its larger-scale art collection, while converting the other half of the building into market-rate and affordable apartments. There will also be underground parking. As part of its deal with the city, the Corcoran will offer some space in Randall to artists who used to lease space in the building. For this project, the Corcoran will sell Randall to Monument for $8.2 million, which will then manage the building. The Corcoran is donating its profit from the sale to the city’s public school modernization fund. As for the apartments, while numbers are not yet known, twenty percent of the units will be affordable housing.

Monday, June 11, 2007

West End Condos Inch Forward

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TRS Inc. received approval this week from the National Capital Planning Commission (NCPC) , one of several approvals needed to develop its mixed-use project as a Planned Unit Development (PUD) at 1227-1231 25th Street NW in DC's pricey West End. The lot, just north of M Street across from Rock Creek Park, is currently occupied by three office buildings that will undergo a renovation and conversion over the next year, modifying one of the office buildings (at 1227) and turning the other two structures into condominiums and adding four stories to each, permitting up to 295 residential units, including up to 8,000 s.f. as "affordable" housing. The site currently houses the Bureau of National Affairs Office, which will relocate to Crystal City.

The NCPC approval was needed because the project will rise to 110 feet, potentially obstructing adjacent federal land. The DC Zoning Commission heard arguments regarding the project in March but has not yet ruled on the matter.

Friday, June 08, 2007

Old New York Avenue Hecht’s Building To Become New Mixed-Use Development?

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Readers of dcmud know of our particular fascination with all the new development slated for what we call The Devil’s Bowling Alley – that stretch of New York Avenue NE starting from N. Capitol Street going to the Maryland border long known for its auto lots, warehouses, and houses of "entertainment" of mixed repute. But the march of redevelopment continues its move eastward, first with MRP Realty’s mixed-use Washington Gateway project at the intersection of New York and Florida Avenues NE, and Abdo’s massive $1.1 billion Arbor Place complex planned for where New York Avenue, Bladensburg Road, and Montana Avenue NE meet. And now, it looks like the old Hecht’s distribution warehouse, located between these two projects on 16 acres at 1401 New York Avenue NE, will be the next to go under the knife. Pennsylvania-based Patriot Equities is now under contract to purchase the750,000-sf warehouse from Macy’s, and the company plans to develop a mixed-use complex on the site, with retail, office space, and residential units. As the property is currently zoned for industrial use, Patriot will need to have the zoning changed, as well as deal with the building’s landmark status. We will be sure to update you as plans are further developed and released.

Previously: Exclusive: Washington Gateway Project Images, Details
Previously: DC Zoning Approves Abdo’s Newly Named "Arbor Place" New York Avenue Project

Wednesday, June 06, 2007

Ripley’s Believe It Or Not: Silver Spring’s 1050 Ripley Street Project Gets Go-Ahead

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Last week, the Montgomery County Planning Board gave its approval to 1050 Ripley Street, a new mixed-use Silver Spring project planned by Bethesda-based developer Washington Property Company for the warehouse-heavy 1.16-acre plot of land south of Ripley Street (and the Silver Spring Metro), east of the CSX/Metro rail lines (and future Metropolitan Branch Trial) and west of Colonial Lane. The 1050 Ripley Street project will be a 17-story building containing 305 rental apartments (46 will be moderately priced dwelling units, or MPDUs), plus over 3,000 sf of ground-floor retail. There will also be 328 underground parking spaces. Architect will be the Weihe Design Group (WDG Architecture). In addition, the developer has proposed building a new road connecting Ripley Street and Bonifant Street to the north, and a plaza/rest area alongside the planned Metropolitan Branch Trial. There will also be room allotted alongside the track/path for the planned Purple Line light rail system. The 1050 Ripley Street project might be eventual neighbors with Kettler's Midtown Silver Spring hi-rise residential project, slated for the 70,000-sf parcel of land on the north side of Ripley Street between Georgia Avenue and the railroad tracks, which (if built) will feature 317 residential units (42 MPDUs), 6,000 sf of ground floor retail/office, 480 parking spaces, and a 19th-floor swimming pool deck.

Tuesday, May 29, 2007

Foggy Bottom’s Square 54 Project Receives Final Approval

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Foggy Bottom Retail served by Boston Properties real estate development in Washington DC
Last week, the DC Zoning Commission unanimously approved the revised Planned Unit Development (PUD) application submitted by George Washington University and developers Boston Properties and Kettler to redevelop the 2.6-acre, former GW Hospital site bounded by 22nd and 23rd Streets, and Pennsylvania Avenue and I Street NW (the southeast corner of Washington Circle), into Square 54, a mixed-use "town center" with office, residential, and retail space. The Commission had asked GWU in March to rGWU, Boston Properties, Kettler to develop Square 54 at Washington Circle, designed by Pelli Clarke Pellievise the height and density of the proposed buildings, so the school took 18,000 sf off the office portion and 15,000 sf from the residential. In April, the National Capital Planning Commission recommended that the Commission approve the new proposal. The $250 million Square 54 project will feature approximately 336 "luxury" residential units (non-university housing), with over 80,000 sf of retail space (including a 27,000-sf supermarket and outdoor café space) and 440,000 sf of office space overlooking Washington Circle. There will also be over 1,000 underground parking spaces. Designed by Pelli Clarke Pelli Architects, LLP and Sasaki & Associates, the project will also include an open space courtyard with pedestrian walkway, and landscaped plaza for outside dining that will have gates at I and 23rd Streets. Completion is expected in 2011.

Previously: GWU Squaring Away Old Hospital Site

Washington D.C. retail and real estate development news

Monday, May 14, 2007

JBG Eyeing Massive Complex for Courthouse Metro Site

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Is Chevy Chase-based JBG Cos. the "Superman" of developers in the Washington region? It appears the company isn’t content just leaping the tallest buildings in Arlington in a single bound with its Central Place project at the eastern foot of Wilson Boulevard in Rosslyn. Now it wants to take us to court – namely, the Courthouse Metro block, just a mile down Wilson Boulevard between Rosslyn and Clarendon. JBG is now working with Arlington County on plans to redevelop an existing commercial strip along Clarendon Boulevard (at the corner of Courthouse Road, where it runs right next to Wilson Boulevard) above the Courthouse Metro stop (now home to long-time favorite Summers restaurant, Boston Market, Cosi, and the Strayer University building, among others) as well as the parking lot behind it into a block-long, 700,000-sf office and ground-floor retail complex that would be the tallest building (up to 16 stories) in the Courthouse area (but smaller than Central Place). The complex would connect to a civic plaza and culture center to be built on the parking lot site. The Courthouse development will be just blocks west of the new residential condos The Odyssey (2001 N. 15th Street) and 1800 Wilson, as well as the upcoming 2000 Wilson project .
 

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