Showing posts with label Akridge. Show all posts
Showing posts with label Akridge. Show all posts

Saturday, July 28, 2012


Train shed looking southwest, Image courtesy of Amtrak
Amtrak released details this week of a much-talked-about $7 billion plan for Union Station's tracks, platforms, concourses, and parking that will dramatically overhaul the space.

Under the Union Station Redeveloment Corporation, Union Station is already undergoing a renovation of its Grand Hall.

In a move officials acknowledged was belated, they said the plan would help the nation's capital catch up with other parts of the world with high-speed rail service.  The plan, they said, would eventually triple the station's passenger capacity and double the train service over the next 20 years.  The plan goes hand in hand with plans for a 1.5 billion dollar project by Akridge development, Amtrak's private partner in the project, to develop the air rights over the train tracks into a $1.5 billion mixed-use project called Burnham Place.

Amtrak and Akridge, Amtrak's private partner on the project, released the master plan this week in a press conference attended by city glitterati, including embattled mayor Vincent Gray.

Greenway looking north along 1st Street, Image: Akridge
Burhnam Place, named after Union Station's original architect Daniel Burnham, is part of Amtrak's master plan, and will be developed by Akridge and architectural firm Shalom Baranes.  Developers plan, over the next 15 years, to build a 3-million square-foot mixed use development over the train tracks.  

In 2006, Akridge purchased the air rights to a total of 15 acres over the Union Station rail yard. The $10 million dollar sale marked the first sale of air rights by the federal government. As reported by DCMud, the conceptual construction plan began to move solidly forward and Shalom Baranes was selected as the architect in 2008.

Interior view of the train shed, Image courtesy of Amtrak
The plan envisions 500 hotel rooms, 100,000 square feet of retail, and 1,300 residential units built on a concrete platform over the tracks and supported columns placed throughout the rail yard.  Akridge went through years of technical negotiations with Amtrak before deciding on a construction plan, and the Smart Growth Alliance and Urban Land Institute (ULI) have both voiced support for the project.

Developers emphasize that the project will feature elements that enhance public space and amenities. One such feature includes a 1.5 mile elevated greenway with a bike lane along the west side of the station that will link the NoMa neighborhoods with Union Station and the Metro and connect to the Metropolitan Branch Trail.

Historic control tower into restaurant, Courtesy: Akridge
Plans also call for a "grand plaza" fronting both sides of H Street that will lead into a brand new Train Hall in what developers say will be "a grand northern entrance to Union Station."  

The plan also calls for pedestrian connections with adjoining neighborhoods, a new entrance near First and K Streets, NE, and a plan to turn the K Tower - a control tower - into a restaurant.

Will office workers and urban sky dwellers feel the rumbling of high-speed trains below them?  That remains to be seen.  What is certain is that the plan makes an ambitious promises to bring more natural light into Union Station, even while building above it.  

Plan overview. Image Courtesy of Akridge.  
Blue represents office space, 
Beige is residential, 
Green / yellow is naturally lit space,  and 
Brown is hotel space.

Red circles are vertical connections,
Red arrows are station entrances.



Monday, June 18, 2012

Akridge has applied for a permit to raze the 8-story office building it recently purchased at 1200 17th St. NW, and replace it with a greener office building.  Architectural firm ZGF will design the new structure.

The development company bought the property from the National Restaurant Association with partner First Potomac for $39.6 million last October, and plans to spend $100 million to build a 170,000 s.f. office building on the site. Developers hope to achieve a LEED rating on the new building.

According to the Business Journal, the companies hope to open a new building by 2014, a date that would require demolition to begin soon.

Don Morris, senior project manager of Balfour Beatty Construction, says the developer will scrape the site and erect an entirely new building in its place.  The current building dates to 1964.

Washington, D.C. real estate development news

Friday, April 13, 2012

Nationals fans at yesterday's home opener had the chance to see the newest open-air market at the grand opening of Half Street Fairgrounds. Recycled shipping containers were refurbished and painted to make space for restaurants and shops.

The recycled metal boxes fill a site that eventually will be developed by Akridge. But until new construction starts, the site joins the ranks of Brooklyn's DeKalb Market and London's BOXPARK Shoreditch in finding ways to reuse old materials and underutilized sites.

Adjacent to the ball park, vendors at Half Street Fairgrounds can take advantage of game-day shopping, with an entertainment and shopping destination for the neighborhood.

“Beyond opening day, Fairgrounds is expected to provide a dynamic shopping, dining, and entertainment destination to the Capitol Riverfront Neighborhood throughout the summer and into fall,” a press release states.

The site was created by Akridge, Bo Blair of Georgetown Events, which operates The Bullpen on the site, and Mike Berman of Diverse Markets Management, which operates the Flea Market at Eastern Market and the Downtown Holiday Market at Penn Quarter. It was designed by Christy Schlesinger of Schlesinger Architects. DCRE Commercial is the leasing agent.

Washington, D.C., real estate development news

Tuesday, March 13, 2012

With Washington Nationals opening day one month away, and Forest City's Yards project rounding the corner in delivering a retail pavilion to the Anacostia waterfront, one local team is getting ready to deliver the first large, integrated shopping district adjacent to the ballpark area. A local arts group is working to deliver a pop-up retail pavilion on the block just north of the ballpark, on a now-vacant site owned by Akridge along the footpath between the Metro station and ballpark entrance.
Underway is a self-contained, open-air retail and entertainment destination that will animate the baseball stadium's gateway with an imaginative mix of food, entertainment and shopping. Organizers will test a concept that has won accolades in New York and London - turning refurbished shipping containers into instant designer storefronts, creating an open marketplace that is part foodie festival and farmer's market, part entertainment venue and beer garden, and part shopping district. Playing off the success of London's BOXPARK Shoreditch and Brooklyn's DeKalb Market, the project will utilize the ultimate green idea - recycling - by turning salvaged shipping containers into architecturally imaginative shops.


Promoters are signing up regional retailers for the seasonal market that will coincide with baseball season, and plan to open with a "preview party" on March 30th. Vendors are expected to be attracted to the instant retail site with some of the city's heaviest, if sporadic, foot traffic, while visitors to the ballpark - and the area's increasing residential population - get a timely market in place of a vacant lot that will last until the site is developed.

Brooklyn's DeKalb Market (pictured above, courtesy Inhabitat) opened last year to much acclaim from the local community and has achieved cult status as a regional urban infill amenity. Boxcars-as-architecture has premiered in other cities, but the Half Street Fairgrounds is the first U.S. version as a pop-up shopping destination. The site is being created by Akridge, Bo Blair of Georgetown Events, which operated The Bullpen on the site, and Mike Berman of Diverse Markets Management, which operates the Flea Market at Eastern Market and the Downtown Holiday Market at Penn Quarter, and designed by Christy Schlesinger of Schlesinger Architects. The team expects to program some of the site full-time, with special events and heightened programming on game days. "We really appreciate being invited by Fairgrounds entrepreneur Bo Blair to participate in this exciting venture," Berman said, calling it an opportunity for "incubating creative businesses for this new neighborhood and for the city."
Capitol Riverfront BID Director Michael Stevens noted that the neighborhood will have "9 to 10 restaurants open in the next 11 months," calling the chance for immediate retail a "cool, edgy concept" that will "brand the neighborhood, and give ballpark patrons another option." The BID will partner with the Fairgrounds to provide a Wednesday noon-time concert series beginning in May. Retail leasing is being handled by DCRE Real Estate.

Washington D.C. real estate development news

Monday, January 17, 2011

Buzzards Point, the southern tip of the District above Anacostia, is about as desolate a neighborhood one can find in the DC region - empty lots, equipment storage fields, and an overall post-industrial decay that makes ballpark visitors quicken the walk back to their car late at night. An actual buzzard circling above would not seem entirely out of place. But all of that is going to change, and one local developer thinks that time might just be nigh.

The promise of the area is obvious, close to the Capitol and a focal point for DC's highways, the region is still secluded and private, and is surrounded by water, and the area's largest developers like PN Hoffman (along Water Street) and Steuart Investment (with more than 5 acres at the tip of South Capitol) and Akridge among them. But Duane Deason, who bought the empty 20,000 s.f. lot on the Anacostia back in 2004, when a new baseball stadium was maybe, just possibly, coming to southeast, has plans for an Eric Colbert-designed condominium, and thinks the time is right to start.

On the boards is an 80-foot high, 97 unit condominium nearly fronting the water behind the marina. "If you had asked me in the 3rd quarter of last year I would have said we were quite a ways away, but right now I'd say we are moving much faster...the market has notably improved, and I think its a good time to take advantage of that." Deason has an upcoming hearing before the Zoning Commission and is actively pushing ahead. "This is our first hearing before Zoning; there's no such thing as matter of right here, but we're sort of there, we don't need a PUD [zoning change] to do this."

Deason has little company at the moment, the other Buzzard Point developers are sitting on their hands, reasoning that there it makes little sense to develop in isolation without a pre-signed tenant. "Eventually I think it will be a great place" says one developer with skin in the game nearby that is choosing to wait. Deason is confident. "Eventually there's going to be other places, with the PN Hoffman development there, but there's a view of the water, the Coast Guard is there for another 5 years or so. There is the planned riverwalk, that will come. There are a couple of big landowners there that will cause a huge change." Deason says he paid under $1m for the property, including all costs associated with the acquisition, and that while he doesn't have a development financier, he has no financial pressure and will consider a joint venture partner.

"Being only 75 feet off there water, there's just not alot out there that currently that offers that, with a view of your boat...I love the waterfront and I just thought it was a fantastic location" said Deason. "The views are phenomenal because its on a point, almost every unit in the building will have an outstanding view of the water." Deason says most of the units will be less than 1000 s.f., and the new inclusionary zoning rules mean another 7200 s.f. of affordable housing.

While Deason may not have any immediate residential neighbors on the waterfront, another residential developer in southwest has the same sense of potential value and will break ground much sooner, you can read about that at DCMud this afternoon.

Washington DC real estate development news

Friday, December 10, 2010

Since Washington Metro Area Transit Authority (WMATA) did its best King Solomon impression, dividing its Southeast Bus Garage properties in half for two quarreling developers, only one recipient looks to be moving slowly forward with development plans, while the other has since gone bankrupt. While developers at Akridge reported making progress with their permitting, financing, and leasing efforts for their 700,000 s.f., mixed-use Half Street project, they insisted it would be a much more interesting news story come February or March, when more details emerge. But progress is progress, and news is news, and DCMud knows its readers are always salivating for every little morsel of information, no matter how small the crumbs.

So here's the latest scoop: Akridge is currently finalizing the construction plans, and expects to apply for permitting in the first quarter of next year. With a little bit of luck, the developers intend to break ground on the residential portion of the project by the end of next year. Although there is a distinct possibility the project ends up being constructed in phases, developers hope to build it all in one fell swoop, or at least in one drawn-out swoop, in which case a full delivery of all three buildings would happen roughly 22 to 24 months after initial construction. As developers, architects, and engineers lock in on the specifics of their construction plans, minor changes may be made, and details like number of units may be tinkered with, says Project Manager Adam Gooch, but nothing drastic.

The project's basic programming remains the same: two nine-story, Class A office buildings (totaling over 370,000 s.f.) and one 11-story residential building featuring approximately 280 units (outfitted with the standard amenities: rooftop pool and terrace, private courtyard, fitness center, etc). All three buildings will offer ground floor retail, totaling 75,000 s.f.. The retail spread will be multifaceted, each portion offering distinct sensibilities, and appealing to different demographics. Half Street will be the main attraction for passersby, featuring Class A retail and most likely to attract National's game-day traffic with "name brand tenants and white-table-cloth restaurants" says Gooch. The pedestrian alley in between the two office buildings will offer a more locals-friendly mix of cafes, delis, and boutiques. "It will be a glorified urban marketplace," explains Gooch, "In the vein of Eastern Market, a place where you can come home from work and grab a beer, grab some food, and pick up some flowers for your wife." Most hidden from foot-traffic will be the Van Street retail frontages, which will have a "grittier, more alley-like feel" due to the placement of curb cuts, loading docks, and trash pick ups. Here Half-Street residents might find a dry-cleaners, the local bike-shop, and maybe a sports bar.

Three firms combined forces on the design aspect of the project: HOK shouldered responsibility for the office buildings, Esocoff & Associates for the residential, and StreetSense for the retail. All three buildings will be LEED Certified, with the office buildings expected to earn LEED Platinum. While developers wait to activate the development site for construction purposes, Akridge plans to once again engage the public with their Bullpen Beer Garden during the 2011 baseball season. The 3,200 s.f. tented space will offer beer, wine, margaritas, and live entertainment to the public, and is also available for private events.

Washington D.C. Real Estate Development News

Wednesday, September 8, 2010

A representative of Texas-based Hanover Company confirmed that construction teams have nearly wrapped up the Crescent Falls Church project and the building received their Certificate of Occupancy earlier this summer. This is Hanover's second major development in the Metro area, having completed Ashton Judiciary Square in 2009. The 6-story, 214-unit Crescent, a mixed-use and multi-family residence in Arlington near the East Falls Church Metro, was delivered only ever so slightly behind schedule, originally set to finish earlier this spring. Given that the developers planned to start leasing this summer, and now report the building 25% leased, there is plenty for Hanover to celebrate in a downmarket summer that has seen many more groundbreakings, affordable housing plans, and proposal extension requests than ribbon cuttings. The finished community neighbors the Washington & Old Dominion Trail (W&OD) and Falls Church Park, but the area surrounding East Falls Church Metro remains underutilized - largely a commuter zone, often simply passed over by shoppers on the way to Tysons. This development is part of a larger effort by Arlington and Falls Church officials to encourage denser redevelopment that will help transform the vicinity into a more urban, mass-transit friendly locale.

The new building is stockpiled with the standard amenities: private screening room, concierge, daily hot beverage service, two courtyards – one with a fire-pit and outdoor grilling and dining areas, and the other with dual-sided fireplace and outdoor grilling and dining areas. Like Hanover's previous venture in Penn Quarter, the apartment building focuses heavily on a variety of sustainable features. Developers believe that its metro location, recycling center, technical features, "oversized" bike room, and underground parking garage with priority for low-emission vehicles will help the building receive LEED certification upon review.

Hanover's nationwide record of apartment construction and operation likely helped the company muster proper financing and get this project completed. Other projects originally expected to be delivered on a similar time-line continue to limp along through the recession with little material progress to show for their efforts. Akridge's nearby Gateway development, set for the 500 block of N. Washington Street and unveiled way back in 2006, has yet to get off the ground. Delayed by the economic downturn, developers continue to bicker with city officials over the ratio of commercial (offices and retail) to residential square footage. Akridge is proposing one 73-foot, 5-story office building with 71,000 s.f. of office space and 12,000 s.f. of retail, coupled with a slightly shorter second 5-story building, this one offering 200 units (averaging 800 s.f. in size) and 2,500 s.f. of ground floor retail space. Their current plans offer a 70-30 percent split between residential and commercial, but officials look to push developers closer to a 50-50 setup.

Hekemian's "Northgate" development, a mixed use project, including 124 rental apartments, on the N. Washington St. side of the old Pearson Funeral Home, also had an initial expected completion date in 2010, but continues to trudge through the final site plan approval process and futilely fish for financing packages. A site plan amendment to incorporate the approved North Washington streetscape design is currently under consideration; it is unknown when construction will start.

Falls Church real estate development news