Showing posts with label BF Saul. Show all posts
Showing posts with label BF Saul. Show all posts

Friday, March 9, 2012


Washington Property Company's 245-unit residential building at 10194 Georgia Avenue is on target for a spring groundbreaking, adding to the long list of greenlit revitalization projects in Wheaton. "We're out to bid now [for a general contractor], and hope to start construction in early May," said Daryl South, Vice President of Development for WPC. "Everything's ready to go."

Washington Property company acquired the 1.65-acre parcel, which is just steps from the Wheaton metro station, in 2005.

According to a site plan approved by Montgomery County planners in October of last year, the Preston Partnership-designed building will be a six-story u-shaped structure, opening to the south, with the interior space used for a swimming pool and greenspace. Designers used a "variety of masonry and glazing" as well as small parapets and height variations ... to minimize the sense of building mass." Underground, developers are shooting for at least 230 parking spaces spread over two levels, and will be required to offer 12.5% of the dwellings as (subsidized) MPDUs. The site is the former home of the First Baptist Church of Wheaton, which has relocated to Washington Christian Academy while construction on their new building in Olney is completed.

WPC's residential tower is just one of several projects that have gained recent momentum in downtown Wheaton; just a few blocks north is the already approved 17-story Safeway/residential project from Patriot Realty, and across from that is the Computer Building, set to be converted by Lowe Enterprises into a residential tower. At the Wheaton Metro station, bus bays are to be converted into an office complex by B.F. Saul, which is also in talks with the county about converting nearby Wheaton Triangle into a massive mixed-use megadevelopment that would bring nearly a million square feet of office space, retail, a hotel, and a public plaza to the area.

Wheaton, Maryland real estate development news

Thursday, September 23, 2010

By now, everyone inside the D.C. real estate blogosphere knows Trader Joe's is tantalizingly close to being named the major retail anchor at Saul Centers' Clarendon Center development. While it's not official, TJ's is expected to occupy the Center's 10,000 s.f. space as long as the County Board accommodates the grocery giant's request for 76 reserved customer parking spaces in the currently unrestricted, public garage. Developer Saul Centers filed the site plan amendment application on Friday of last week, and if all goes smoothly a hearing would likely happen on November 13th for the new Clarendon Center, with apartments now being readied for December 1st occupancy. County Officials wouldn't commit to granting approval to the exact amount of spaces being requested, but were confident, given the desirability of a tenant like Trader Joe's, that all involved parties will be able to work out an agreement. One doesn't have to gaze too far down the Wilson-Clarendon corridor from the potential TJ spot to recognize the traffic that popular grocery chains generate: horn-blowing SUV's queued around the block in hopes of a spot in the nearby Whole Foods parking lot is a regular rush hour sight.

The mixed-use development consists of three buildings and takes up two whole blocks: two office buildings, and one residential. As local blogs like Arlington Now continue to roll out the news about new tenants, developers have confirmed that the buildings are sealed off, contractors are finishing up interior detailing, and everything will be ready for occupancy before the end of the year. The residential building, situated on the South Block, consists of 12 stories of totaling 244 rental units. The two office buildings will total some 170,000 s.f. divided between the six-story building on the North Block and the nine-story building to the south. Tea Party activists will soon be fed and bred to political perfection on one of the floors, as the Leadership Center ("Training Conservative Leaders") has reserved space in the new complex. The local investment firm Winston Partners has also reserved one of the eight floors in the southern building, leaving six stories available. And Airline Reporting Corporation has leased four of the six available floors in Clarendon Center North.

The 42,000 s.f. of retail space is also drying up. Counting Trader Joe's, half of the 16 spots are spoken for. Several restaurants including the BGR Burger Joint, Dupont's Circa Cafe, Pete's New Haven Apizza, Tangy Sweet Garden/Red Velvet Cupcakery, and Burapa Thai & Sushi Restaurant will join a local bank and a dry cleaners. It won't be long before more restaurants will sign up, as the crowded patios along Clarendon Blvd. attest to that fact that even on weekdays there is no shortage of hungry, moneyed young people in Arlington.

Torti Gallas designed the buildings, while Clark Construction has brought their plans to life.

Arlington, VA Real Estate Development News

Thursday, July 29, 2010

Already a major player in the District's real estate development game, B.F. Saul will now head a team of developers charged with bringing a mixed-use project near the Wheaton Metro station to life. This is just another materialization of a well-established effort by WMATA and its Director of Real Estate Steven Goldin to promote increased density, mass-transit-directed residential, retail, and office space through the Metro's Joint Development Program. "Selection of the B.F. Saul team for the Wheaton redevelopment project mirrors the successful strategy Montgomery County employed with Silver Spring," Montgomery County Executive Isiah Leggett said. The parcel is part of 10 that were offered up as development opportunities just last January.

The new development will certainly help address many of goals set out by Wheaton Central Business District and Vicinity Sector Plan, including their hopes to: "Reinvigorate Wheaton’s downtown by creating a walkable community with a distinct identity; create a vibrant mix of jobs and housing; design quality public spaces inviting to pedestrians; and foster an environmentally sustainable community." Sounds delightful. Developers will also be expected to do all of the above while "preserving Wheaton’s ethnic diversity." The original plan was laid out in 1990, before the red line had surfaced in Wheaton. Since 2006 the Maryland-National Capital Park and Planning Commission (M-NCPPC) has taken it upon themselves to update the plan; the augmented plan is to be unveiled at a Montgomery Planning Board public hearing today.

While Metro has successfully completed a total of 21 transit oriented development projects so far, including notable Maryland-based developments such as Bethesda Metro Center, Grosvenor, Twinbrook and Wheaton (east), others like Greenbelt Venture's plans around the Greenbelt stations have wallowed in the rubble of inaction for years; just this year plans set for the area surrounding the Largo station were put on hold after the group of developers filed for bankruptcy.

In an effort to make this 8.2 acres only one working part of a more comprehensive and expansive redevelopment of downtown Wheaton, B.F. Saul will look to cooperate with existing local businesses and land owners such as the Westfield Wheaton Shopping Center to peacefully incorporate the new projects into the established community.

Wheaton was listed by Governor Martin O'Malley as one of the initial projects in a newly unveiled state Transit-Oriented Development (TOD) program, which will continue to encourage similar developments by bolstering them with funding, tax credits and other financial incentives and tools.

B.F. Saul will spearhead a team that includes Silver Spring-based Torti Gallas and Partners Inc. as lead design architect, as well as Rockville-based Loiederman Soltesz Associates Inc. as civil engineers, responsible for levelheadedly carrying out the architectural plans.

The Wheaton project will be the beneficiary of $200,000 in planning funds, compliments of the deep-pocketed Maryland Transportation Department.

Wheaton, Maryland real estate development news