Alexandria Affordable Housing Complex Back on Track

An AHC Inc.-developed affordable housing complex at the corner of East Reed Avenue and Route 1/Jefferson Davis Highway, in Alexandria, is now slated for an early 2014 groundbreaking, after hitting delays earlier this year.

The latest iteration of the project, which has increased to 77 units, from an original 59, should head to the Alexandria City Council in December for final approval, according to John Welsh, Vice President at AHC.

"We're really happy with the design," says Welsh.  "The city planning office gave their opinion on it, and asked for a few minor changes.  Mostly design stuff - switching a metal accent to the other side of the building so it would be a stronger element on Route 1, that kind of thing."

The Bonstra-Haresign-designed building will offer 15 one-bedroom units, 51 two-bedroom units, and eleven three-bedroom units, at 60% of AMI (approximately $56,000/year).  The facade is "primarily brick, with a few other materials, and some metal accents to give it a nice polish," said Welsh.  The building will be five stories tall on the east side, and taper down to three stories on the west, and there will also be 77 below-grade parking spaces, a one-to-one ratio that marks a significant increase from the earlier design's 0.77 ratio, a number that caused some consternation among city planners as potentially insufficient.  Construction is projected to take 18 months, with leasing estimated to take until the end of 2015.

The project will sit on a joined plot consisting of a city-owned parcel at 3600 Jefferson Davis Highway and three privately-owned parcels controlled by AHC.  Funding is being provided by a package of AHC funds, a $1.1 million-plus affordable housing loan from the city, and tax credits, the application deadline for the latter contributing, at least in part, to past delays.

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Perseus Building Office Project on 14th Street

1728 14th Street, Image courtesy Bonstra Haresign

The stoic facade of the Granger building at 1728 14th Street will be getting an overhaul, now that developer Perseus Realty has closed on the purchase.  The developer sealed the acquisition of the property - located between R and S Streets - in mid-August, John Clarkson of Perseus told DCMud on Thursday; the DC Property Sales Database shows the building sold for $4.8 million. Perseus and Ogden CAP Properties are partners in the joint venture.  Also on board is Bonstra Haresign Architects, and Andrew Poncher of Streetsense for retail leasing.  The firm is behind a number of other 14th street projects including the AME Zion church renovation and lower-level addition, the Q14 Condominiums building, as well as Studio Theater and The Aston at 14th and R, all within a few blocks down the street.

Current Granger Warehouse Facade, Image Courtesy Bill Bonstra

Plans for the site include the adaptive re-use of the warehouse building, built in 1988, and the new design includes four floors with 28,000 square feet of retail and office space.  Of the many developments slated for 14th Street, this is one of the few office concepts (Furioso's project being the other).  Clarkson, who provided an up-to-date rendering to DCMud on Thursday, said Perseus expects to begin construction on the project in February 2013 with a 12-month construction time.  The Advisory Neighborhood Commission (ANC) 2F wrote a letter in full support of the project, which also received preliminary approval from the DC Historic Preservation Review Board (HPRB) in July.

Like 1728, most of Bonstra Haresign's other 14th Street projects have also been located in the historic district, Bonstra Haresign managing partner Bill Bonstra told DCMud.  "What is really important is understanding the context and what I call the DNA of the site."  The site, 60 feet in width, likely once housed three townhouses, Bonstra said.  "That understanding allowed us to come to terms with the appropriateness of the architecture."

The project also sits in the context of a rich history of commercial buildings on 14th Street, many of them built in the Nineteen-teens and Twenties as automotive showrooms.  Back then, 14th Street was a trolley corridor and a place to window shop. "There was a tradition of retail and commercial buildings and we looked at that tradition as a model."

The design pays homage to the street's architectural tradition with a formal facade with strong center and side doors and a masonry structure, yet also incorporates generous amounts of glass, color, and contemporary planes. Design for the masonry incorporates striping, detail, setbacks, and reveals.  "What we set out to do was respect that tradition of commercial buildings on the street but also make it a building of its time," Bonstra said.  "We believe that the front elevation of this building will be a nice complement to historic buildings, but it will be a part of our time architecturally."

Bonstra said the building will contribute to the true mixed-use history of 14th Street, ultimately providing more of what the street lacks: neighborhood businesses and offices.  The property also includes two historic townhouses north of the Granger warehouse building, but Perseus doesn't have plans to alter them at this time, Clarkson said, though those townhouses might get some interior improvements in the coming year.

Washington D.C. real estate development news

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Affordable Housing Complex Delayed

A proposed 59-unit affordable housing project in Alexandria, at the corner of East Reed Avenue and Route 1/Jefferson Davis Highway, has been delayed a year after developers at AHC, Inc. missed a mid-March deadline for their affordable housing tax credit application.  Developers are now aiming for a March 2013 application.

Though the project has been in the works for almost two years, a number of issues prevented the application from coming together in time. While city planners supported the project, calling it "an excellent opportunity to secure affordable housing, with minimal City financial support, in an area that will soon redevelop in a way that would likely make such a project unfeasible in the future due to escalating land values," they also raised concerns over the streetscaping. Planners also cited the possibly inadequate amount of parking contained in the proposed design (0.7 spaces per unit rather than their preferred ratio of 1.1 spaces per unit), and redesigns couldn't be produced in time to accommodate required public hearings and the tax credit deadline.

The proposed project, designed by Bonstra | Haresign, would assemble the city-owned parcel at 3600 Jefferson Davis Highway with three privately-owned adjacent parcels at 120 and 118 E. Reed Avenue (which AHC currently has under site control), as the site of a five-story multi-family apartment building, owned and operated by AHC.  Preliminary concept plans call for one- and two-bedroom units at 60% of AMI (about $56,000/yr), though the exact orientation of the building is still under discussion.

"We're still talking about the exact placement of the building," said John Welsh, Vice President at AHC, of the present timeline.  "Ideally, we'd like to conclude zoning and planning by the summer, apply for the financing in March of next year, close sometime in July, and then start construction in the fall.  The city is still interested, they've just asked for some followups.  We're going to keep this thing going."

Complications relating to funding may also have contributed to the delays.  The project is being funded by a complicated package of tax credits, AHC investment, and an approximately $1.1 million affordable housing loan from the city.  AHC would pay market value to the city for the vacant lot at 3600 Jefferson Davis Highway, but would seek to defer this payment (with interest) until after the 15-year tax credit period.  The addition of a parking garage caused the amount of the required city loan to balloon, necessitating another analysis by the City Office of Housing, and a redetermination in the amount of the loan.

AHC, Inc., a nonprofit developer of affordable housing, has developed 38 housing projects since 1975 containing over 3,200 units; this is their first project in Alexandria.

Alexandria, Virginia real estate development news

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New Residential and Retail Bound for Edgewood

A new 6-story residential building with ground-floor retail space could be headed to 2321 4th St. NE in Edgewood on the now-empty lot owned by H Street Community Development Corporation (HSCDC). Advisory Neighborhood Commission (ANC) 5C will consider the mixed-use development during a meeting this evening.

View looking south from 4th Street

The proposed building is a joint venture between HSCDC and E&G Group. The new $37 million development will create about 160,000 s.f. of mixed-use space, designed by Bonstra | Haresign Architects and built by Maggin Construction Company.

Plans call for between 155 affordable residential units on the five floors above the first-floor podium. Ground level space is reserved for 3,000 s.f. of retail, various tenant facilities and 40 parking spaces.

Kenton Drury, the project manager from E&G Group, said residential units will vary in size with 5 studio, 85 one-bedroom, and 65 two-bedroom units.

Tenants must be at or below 60 percent of the local Area Median Income (or about $40,000 for an individual). Rent for someone at 60 percent AMI is about $1,000 for a studio.

"We see young professionals wanting to live here because it’s an up-and-coming vibrant neighborhood close to metro and close to areas of employment," Drury said. The target tenant is a young professional entering the workforce or an "empty nester" who is retired or working part-time.

View looking north from 4th Street

Development plans presented at a recent community meeting netted mixed feelings from residents. While they did not seem concerned about the building itself, they did express concerns about its impact on the neighborhood. Drury said some people thought rent was not affordable enough while others thought it was too affordable for the neighborhood. And residents asked about the local economic boost it could bring.

Drury said he told local business owners interested in providing construction services to get their Certified Business Enterprise (CBE) Certification because some work will be designated for CBEs. And residents with retail or service-oriented businesses could open up shop in the retail space on site.

Whatever the final development looks like, it will be a welcomed change from the so-called "Heroin Hotel" that used to stand on the lot. HSCDC demolished the three vacant buildings that had become a hotbed of criminal activity, but the community must wait longer for construction.

After the ANC meeting tonight, the next big step will be a Board of Zoning Adjustment (BZA) meeting tentatively scheduled for June. Developers will ask for a variance on the loading dock height and parking space requirement. Drury said the only way to keep the 6-story building within the height limits is to reduce the loading dock height. And the triangular lot -- plus debris from the former buildings -- make it difficult to provide more parking spaces.

Drury said he hopes to have funding lined up this summer to move forward with working drawings and permit applications by the end of the year, and he hopes to break ground in early 2013.

Washington, D.C., real estate development news

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IMF Releases New Renderings for Dupont Hotel

The IMF has released new renderings for the hotel it is fashioning on New Hampshire Avenue in Dupont Circle. The 1964 structure has been used as an IMF apartment building, but with the building in dire need of a renovation and eating up a chunk of IMF dollars, Fund planners decided to sell one of the two buildings that comprised the apartment complex and renovate the remaining building.

With visions a LEED Gold building, the IMF and architecture firm Bonstra | Haresign are in the midst of a full gut and renovation of the building, and have designed a new skin on top of the old shell complete with rain screen (a kind of waterproof membrane under the skin, with breathable cavity in between) and super efficient glass curtainwall system, adding 20 units to the 100-unit building. The building is expected to be completed in about a year. Below are renderings of the new structure. Washington D.C. real estate development news

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Lowe Enterprises to Convert Wheaton Office Building to Residential High-Rise

Continuing Wheaton's rapid transformation from a withering suburb to a residential development hotspot, California-based Lowe Enterprises submitted a sketch plan to Montgomery County planners at the end of January that would transform the 5-story Computer Building at 11411 Georgia Avenue in Wheaton from a modest five-story office building into a 14-story residential high-rise.

The site, which Lowe purchased last fall for just over $8.2 million, is nestled between the Archstone Wheaton Station Apartments and the Metro Point Apartments, and across Reedie from the already approved 17-story Safeway/residential project from Patriot Realty. Two blocks down, Washington Property Co. is building 221 units on the former site of the First Baptist Church of Wheaton. Up a block is the Wheaton Metro station, whose bus bays are to be converted by B.F. Saul into an office complex. B.F. Saul is also consulting with the county about converting Wheaton Triangle, right across Georgia, into a massive mixed-use development that would bring nearly a million square feet of office space, retail, a hotel, and a public plaza to the area.

Interestingly, developers plan to build onto the existing building 11411 Georgia, rather than demolish and start from scratch.

"The building has very good bones," says Mark Rivers, Senior Vice President at Lowe Enterprises, by way of explanation. "The concrete structure can easily support the additional floors. It would just be a waste of time, money, and landfill space to tear it down and rebuild. Also, this building is narrow for an office building - about 60 feet wide. Residential buildings are generally narrower than office buildings, so that was a nice bit of luck."

The sketch plan application promises to "substantially transform the building aesthetic through comprehensive facade changes," listing balconies, vertical bays, and a "strong vertical element" at the northwest corner of the building, to lend it a "distinguishable identity." Developers intend to convert the building from glazed brick and boxy to "a contemporary slender tower clad in composite panels, glass and masonry." The Bonstra Haresign-designed tower will include up to 200 studios and one-bedroom dwellings, as well as 60-plus parking spaces on-site (though zoning doesn't require any).

Developers haven't yet decided if they'll include retail space on the ground floor, though they have plenty of time to decide, as construction is targeted for the beginning of next year. Though another residential tower in the area might seem excessive, developers, following a familiar blueprint, are confident that the expanding housing market in Wheaton will organically lead to an increase in demand for retail. Since county planners adopted the new, updated Wheaton Sector Plan in 2010, which aimed to revitalize the moribund area, development in Wheaton has revved up to high gear, even leading local uberdeveloper Leonard Greenberg to compare the area to Adams Morgan.

Wheaton, Maryland real estate development news

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Tysons Takes on Colossal Development Projects

Fairfax county have officially begun work today on the second of two projects that developers hope will constitute a monumental remake of the beltway suburb. Together, the real estate megaprojects will add two metro stations, millions of square feet of office, reshape the streets, and build untold condominiums and apartments on over 50 acres of land in central Tysons. County planners today "officially accepted" the Capital One application for study, and will now begin the long process evaluating the 23 acre development as they recently did for the Georgelas Group's "Tysonsdemo" project that will transform 28 acres over 3 sites in central Tysons. The two projects have more potential to change the face of Tysons than the sum of all other proposed projects combined, and County officials acknowledge that today they can move the process from the minutia of filing requirements to public consideration of its merits.

The Georgelas project was the first - possibly of many - accepted for consideration by the county under the auspices of the newly minted Comprehensive Plan, a restructured set of guidelines designed to move Tysons from its suburban inception to an urban grid. Tysons Planners have been meeting regularly with Capital One and Georgelas executives to hammer out a workable proposal, and today's technical acceptance of the Capital One plan moves the project to a full staff review with public comment periods. The staff will ultimately forward their recommendations for the two projects to the Board of Supervisors for judgment. The turning point, albeit a technical one, was welcomed not just by the sponsoring developers but by a county that has struggled for years to craft a metamorphic plan in what has been an urban planner's nightmare - wide, high-speed streets that isolate buildings and kill meaningful retail.

"Its a big deal in the sense that Capital One [and Georgelas] are the first projects that will begin to transform Tysons" said Brian Worthy, Public Information Officer for Fairfax. "Its very exciting that these proposals are taking advantage of the new plan," said Worthy. "Capital One’s application helps to advance the transformation of Tysons Corner into a walkable, livable urban center because it proposes high-density, mixed-used development near the Metro. This is exactly the kind of transit-oriented development that the plan to transform Tysons calls for." Capital One officials were unresponsive, but other participants in the process made it clear they thought the proposal had strong transformative potential. The site plan calls for 5 millions square feet in total development - 2.1 million s.f. of office space rising as high as 392 feet, a thousand or so residential units rising 20 stories, as well as hotels, parks, plazas and retail, all connected to what will be a brand new Tysons East Metro station. The design team includes Bonstra Haresign as Urban Planner and Architect and William H. Gordon Associates as Civil Engineer and Landscape Architect.

The Georgelas Group plans to redevelop 28 acres on three sites throughout central Tysons, with 14 buildings totaling more than 6 million square feet designed by WDG Architecture and Parker Rodriquez landscape architects. The plan includes office buildings that rise up to 360 feet, a Metro station and surrounding plaza, central "civic park", apartment buildings, and retail incorporated into parking garages at street level to mask their street presence topped with "sky parks."
Development will be balanced with civic areas and hotels that planners gauge will result in an overall presence of 65% office space and 20% residential usage. All office buildings will be designed for a LEED Silver ranking and for residences to earn general LEED certification, all designed to achieve "the urban aesthetic vision for Tysons."

Still, the proposal's impact is theoretical, as the plan must meander through the approval process, and Capital One has little inclination to start building right away, or even committing to a time frame for its first building. While it tentatively calls its 15-story office building adjacent to the current headquarters "the most likely to be constructed in the near term," it only promises to keep the plan as "an option...should the need arise." Similarly, attorneys for the Georgelas Group note that a full build-out "will take years perhaps decades" to complete even under the most optimistic scenario. Work will begin first around the new Tysons West Metro station with its tallest office building and possibly a condominium and retail element at the same time, but no timeframe is even hinted at in the planning documents. Cityline Partners and Mitre will likely precede the two with plans for a 340,000 s.f. office building likely to move more quickly through approval and into construction.

"We're at the start of a 40 year process," says Worthy, cautioning against expectations of a sudden transformation for Tysons. In fact some involved in the process see significant technical and practical hurdles in a vision that ties in Metro stations and extends streets while attempting a more cosmopolitan texture. "These guys will be guinea pigs for a brand new process," says one source familiar with negotiations, "all of this is too new to make any bets on how quickly it will proceed."

Tysons Corner real estate development news

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Hello Cupcake II

For cupcake fanatics in DC (apparently there are a lot of them), the knowledge that Dupont Circle's Hello Cupcake has been planning to expand to Barracks Row amidst the escalating cupcake frenzy is welcome news. But diversifying the catalog of cake and frosting combos is not the only thing that goes into a new location, as the new store will open with national expectations. While Penny Karas, founder and owner of Hello Cupcake, juggles the tasks of a small business owner, her husband Bill Bonstra and his colleagues at Bonstra Haresign Architects are working to make sure customers at Hello Cupcake's newest location (705 8th Street SE) will consume their sugary treats in a comfortable, colorful, and intelligently designed space.

The original

Bonstra and his team were responsible for the interior design of the first Hello Cupcake store that earned the National 2009 IES Capital Chapter Lighting Award of Merit and also won design awards in each of four categories of the AIA/DC Chapter Awards program. Bonstra said he wasn't exactly surprised, but still humbled and delighted: "We knew we had done something good, but to be recognized by your peers is fantastic." The interior space that Bonstra created on Dupont Circle seems like an upscale and modern take on an airy Candy Land dreamscape. The new space in Southeast will be a continuation of the same, says Bonstra. "The new store will be consistent with the brand that has been developed, and will play on some of the same design themes, but will also be unique, as every project and space is new and different." Bonstra will also adhere to the same LEED and Green Restaurant Association standards that governed many of the design decisions the first go around.

Hello Cupcake or Hello Kitty?

Like the Dupont Circle location, the Barracks Row cupcakery will feature lively signage, generous and inviting windows, and colorful sidewalk furniture. While the previous location was a retail space in the ground floor of a large office building, Hello Cupcake's newest venue replaces Capitol Hill Bikes in a three-story historic row-house, featuring residential units on top of the ground floor retail space. With all this, plus the addition of several planters and flower boxes, Bonstra believes his wife's new location will add "needed vibrancy" to the historic facade and the southern portion of Barracks Row. The new store has the luxury of a basement floor, which will allow Karas to jump-start the nationwide shipping operation she had included in her business plan from the beginning.

Hello Cupcake II interior rendering

Karas hopes that she can tap into some of the baseball fans that shuttle to Nationals' stadium from the nearby Barracks Row eateries. Baseball game traffic won't be back until next spring, but cupcake consumption on Barrack's row should happen before then as construction is set to finish before the first of the new year. Bonstra says that his team is in the process of securing all necessary building permits, and that some minor demolition has already begun. Energized by a few cupcake induced sugar highs, Prill Construction Group is moving speedily ahead as they oversee general contracting work.

Washington D.C. Real Estate Development News

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Adams Morgan's Champlain Street Slated for a Residential Uprising

Just east of the main night life drag - 18th Street in Adams Morgan - in Reed-Cook is Champlain Street, pegged as a prime area for residential development, despite the street's struggle to overcome a crime-ridden reputation thanks to a dead end that brought cops staked out in squad cars over the past few years. Now, three projects, that will bring a combined 90 residential units to the street, look to be making moves in the next one-to-six months, the first of which will be one that was sidelined in 2009, D.B. Lee Development's boutique "Eden" condo.

Bill Bonstra designed it several years ago, the market softened, but that area of the city has seen alot of interest, like the Brass Knob project. This is our 4th project (Viya, BK, Erie) also Jubilee around the corner. "Eden - hence the name - is really about the outdoors, sustainability, and is actually designed to take advantage of the maximum sun angles of the property." "Most outdoor space for as many of the units as possible." combo of masonry and "metal panels that slice through the building almost like a knife." Fits into the neighborhood context by maintaining the street wall. 18 units, very spacious. 4 story, woodframe on podium, parking along the back. "is really expressive of its name."

The condominium designed by Bonstra | Haresign will replace two 3-story brick rowhouses at 2358 and 2360 Champlain St; permits to level these and make way for the second coming of "the promised land" are pending. A building permit, approved two years ago, was reinstated at the end of August and an assistant with D.B. Lee confirmed that the project aims to be underway soon, with financing secured this summer.

Since 2009, the number of condo units to be tucked into the Eden has doubled, as verified by a Champlain Street neighbor,"I believe the developer is adjusting to market conditions and reducing the square footage and increasing the number of units [from 9] to 18."

The Eden will be built directly across the street from D.B. Lee's last boutique (11-unit) condo project The Erie at 2351 Champlain, completed in 2009. The Erie property is saddled up to an infill site at 2337 that was purchased in July and will be turned into a 40-unit, PGN Architects-designed condo by Federal Capital Partners and Altus Realty Partners. Construction is in the design phase and is expected to be underway in late spring/early summer of 2012.

On the other side of FCP's property, still an apple's throw away from the Eden, is the 1950s-era auto dealership and plating shop at 2329/2335 approved as a 31-unit residential project currently listed for sale with CBRE. The broker asserts there has been promising interest of late.

At the top of Champlain, only 200' north of the Eden and the Erie, developers continue to wrangle with the design for the reinvention of the 100-year-old First Church of Christ Scientist at 1700 Euclid Street NW. With a substantial footprint, the project will also extend down Champlain and overtake the headquarters of the Washington City Paper. The plan is to create a 227-room luxury hotel by the boutique-hotel mastermind Ian Schrager, with ongoing community debate over the potential effect it could have on Adams Morgan, and wide eyes regarding the $46 million tax break from the District.

It remains to be seen whether new residential in the middle of Champlain will significantly impact the street, and if the luxury-hotel-created ritz at Euclid Street will trickle all the way down Champlain to the historically rough end at Kalorama Road, recently improved with a new, flashy mural.

Washington D.C. real estate development news

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Capital One Proposes a Remake of Tysons Campus

Following on the heels of Fairfax County's plan to transform Tysons Corner from a beltway exit to a citified, walkable community, financial giant Capital One has filed new plans for its Tysons Corner development, embracing the shift by proposing to turn its planned office park into a mixed-use model of urban planning. Capital One ensured future value of the land when it donated 3 of its 29 acres for an upcoming Metrorail station expected to open in 2013, a move it now seems ready to take advantage of.
Capital One had been approved for a 4-building office park on the 26-acre site just inside the beltway that it bought in 2000, but has built only one tower; in its place the company has now designed a mix of offices, parks, retail, residential and public spaces for what might someday be a live-work-walk community. No definitive time frame has been established. Capital One acknowledges that the economic outlook doesn't yet justify much of the construction, saying it has "no immediate plans" to develop the site. But "should the need arise," the bank wants an approved model in place and has stretched out its implementation over years as the climate in both financial institutions and real estate world improve.

Consolidation of Capital One's headquarters began back in 2002, when it built a 14-story headquarters on its newly acquired site. But rather than build out the remaining 3 buildings with their combined 560,000 s.f. of space, despite finally nearing capacity with 1000 employees, McLean based Capital One proposes to build on the new Tysons redevelopment plan and take the campus "in an entirely different direction" with a daunting 5 million s.f. of development. If approved by the county, the "vibrant urban center" would hold 2.1m s.f. of office space rising up to 392 feet (though just 28 stories), 980 to 1230 residential units rising 20 stories, as well as hotels, parks, plazas and retail, all connected to the Tysons East Metro station.

Few others have opted to launch similar projects; Quadrangle Development delivered the only new office building in 2009 and has held back on its approved residential development. But Capital One may have at least something in their wallet, since it is proposing a 15-story office building adjacent to the current headquarters and connected by an elevated walkway. It calls the building "the most likely to be constructed in the near term." The streetscape will be entirely reconfigured in what it calls an "urban grid system." Because the site is within a quarter of a mile of the new Metro station, density limits are eliminated, giving the region perhaps its best chance at a building that sets a new record for the area's tallest, possibly exceeding, just barely, Rosslyn's planned 390-foot Central Place tower. Capital One's application to the county will shoot for the USGBC's green building certification on each of its buildings by using green or reflective roofs, rainwater retention systems, pervious pedestrian paths, and a preference of foot traffic over vehicular access. Despite the nod to sustainability, the development will extend Scotts Crossing Road over the beltway and connect to Jones Bridge Drive on the west side of I-495, better connecting the overly wide roads that criss-cross the area.
County officials would not estimate the time frame for evaluating the application, a process that would include public hearings and studies, and presumably a series concessions between the county and Capital One; officials say they have not yet given input on the development plan.

Architects and planners envisioning the urban context include Bonstra Haresign as Urban Planner and Architect and William H. Gordon Associates as Civil Engineer and Landscape Architect. David Haresign, then Principal and Director of Architecture for Ai, assisted Capital One with initial site selection and designed the original master plan and the headquarters building, now iconic to the beltway bound as a curving "billboard" facing Tysons with the financier's logo. Like its planned successors, the first tower employed infrastructural adaptations to environmentalism, such as water-reducing plumbing, underfloor air distribution systems, pervious paving and local sourcing of materials, features not yet common at its inception.

Fairfax County real estate development news

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Local Builder Starts Condo Project in Adams Morgan

A local developer will turn a pair of historic apartment buildings in Adams Morgan into 43 condominiums for delivery next year. Urban Investment Partners (UIP) acquired the properties at 1801 and 1811 Wyoming Street last year for $6.9m and has plans for a $4.5m upgrade expected to complete in late 2011.

Washington DC based architect David Haresign of Bonstra Haresign is the lead architect on the project, EHT Traceries is assisting with historic building conformance. The building dates from 1909 and was originally designed by architectural firm Hunter and Bell.

The apartment buildings were put up for sale by Marcus & Millichap in early 2009 and went under contract shortly thereafter, but the tenants exercised their rights under DC's Tenant Opportunity to Purchase Act (TOPA) and negotiated a contract with UIP in late 2009. UIP Principal Steve Schwat say tenants will be out in about 90 days and expects renovation work to commence immediately thereafter. Schwat says he expects about 16 of the tenants to purchase their units at "deeply discounted prices", but that the building will be extensively rebuilt - "a full gut renovation" - with finishes that rival "an Ian Schrager hotel." Finishes will include "extensive landscaping" between the buildings, large patio spaces on the garden level units, and interior finishes like two-tone cabinetry and Cesarstone counters, pocket doors, smart wiring, gas cooking, and a bike storage room. Schwat also has designs for often overlooked roof, including "huge" roofdecks with benches and water. "People will actually want to use them," he notes.

UIP has undertaken numerous TOPA re-trades recently, including the Policy in Kalorama, the Shelby in Dupont, and the Macklin in Cleveland Park, all within the past two years. "We haven't done a condominium in a couple of years, I'm excited to start that again" says Schwat. "We love the idea of working with tenants, there's alot of benefit to both parties. Whether tenants exercise their TOPA rights or not we're going to work with them to get a product that benefits everybody...many people are scared of TOPA, but for us its been a great experience."

The hardware store on 18th Street will be emptied and fully renovated during the reconstruction.

Washington DC real estate development news

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