Developer in Chief of Columbia Heights Chris Donatelli will soon build his next residential addition to the Metro-oriented DC neighborhood. Donatelli has just scored $116m in financing from lender Invesco Real Estate, an event Donatelli said was the last impediment to building a 143-unit apartment building designed by Bethesda's GTM Architects. The building on Irving Street will be adjacent to Donatelli Development's Highland Park apartment building and across from the DC USA shopping center. The apartment building will replace a small homeless shelter that was closed on October 15, with a new structure that will essentially become a wing to its neighbor.
The District of Columbia granted the developer a time extension just this fall, under which Donatelli has until mid 2012 to file for building permits, though Chris Donatelli had firmly maintained that he intends to build sooner, and said in a text (yes, text. Cool.) that construction would start within 60 days. Originally approved as the "Calla Lilly", a 69 unit residence (see rendering, at right below), the building will now feature a setback penthouse level and blend more harmoniously into Highland Park. The recent zoning extension also alleviates parking requirements by taking advantage of Highland Park's underground garage. The new Highland Park West apartment tower will front Irving Street and be connected to its sibling, both physically and visually, replicating the style of the existing apartments. A new shelter facility will occupy the back portion of the lot, and will stand separately from the apartment buildings.
Highland Park was completed by Donatelli and partner Gragg and Associates in early 2008; the Art Deco revival building, designed by Silver Spring architects Torti Gallas, adds a subtle timelessness while without mirroring nearby architecture. The project had been listed for sale as condominiums from 2005 to 2007, but in late 2007 Donatelli canceled sales with only about a quarter of its 227 units having sold, converting the building to apartments that filled quickly.
DC Real Estate Development News
The District of Columbia granted the developer a time extension just this fall, under which Donatelli has until mid 2012 to file for building permits, though Chris Donatelli had firmly maintained that he intends to build sooner, and said in a text (yes, text. Cool.) that construction would start within 60 days. Originally approved as the "Calla Lilly", a 69 unit residence (see rendering, at right below), the building will now feature a setback penthouse level and blend more harmoniously into Highland Park. The recent zoning extension also alleviates parking requirements by taking advantage of Highland Park's underground garage. The new Highland Park West apartment tower will front Irving Street and be connected to its sibling, both physically and visually, replicating the style of the existing apartments. A new shelter facility will occupy the back portion of the lot, and will stand separately from the apartment buildings.
Highland Park was completed by Donatelli and partner Gragg and Associates in early 2008; the Art Deco revival building, designed by Silver Spring architects Torti Gallas, adds a subtle timelessness while without mirroring nearby architecture. The project had been listed for sale as condominiums from 2005 to 2007, but in late 2007 Donatelli canceled sales with only about a quarter of its 227 units having sold, converting the building to apartments that filled quickly.
DC Real Estate Development News
0 comments:
Post a Comment