Showing posts with label Gilford Corporation. Show all posts
Showing posts with label Gilford Corporation. Show all posts

Saturday, February 5, 2011

One of Shaw's chief development projects, slowed by lost tenants and missed start dates, is finally having its day as developers celebrate a "groundbreaking" Monday for a project that began in late 2010. Developers of Progression Place began work last December on the 320,000 square foot, $150 million development, with 100,000 square feet office space, a 205-unit residential apartment building, 20,000 square feet of street-level retail, but on Monday its developers will fete themselves and the sale of an office condo to anchor occupant United Negro College Fund (UNCF).

UNCF officially purchased half the project's office space on December 24th, but developers were already doing site work on the vacant lot in anticipation of the settlement and Eagle Bank's $13m loan made possible by the sale, which was in turn made possible by the city's $3.6m financing subsidy for UNCF. Ellis Development, The Jarvis Company, and Four Points combined forces to build a project that would be hard to overestimate in importance as a beacon for Shaw's development, adding housing, jobs and retail in an area that had little investment in any of those markets. Progression Place is adjacent to the Howard Theater, also being developed by Ellis, and will build in parking for the historic theater and add a rebuilt Metro entrance.

UNCF's office condo and the "7th Flats" will both be ready for occupancy in mid 2012. With a new library in place just to the south, and the Convention Center Marriott already underway, the O Street Market remains the largest holdout that could tie together development along the 7th Street corridor.

Design is being handled jointly by architects Eric Colbert & Associates and Devereux and Associates, and built by Davis Construction and Gilford Corporation. The public ceremony will be held at the Lincoln Theater at 11am on Monday.

Washington DC real estate development news

Friday, September 24, 2010

Mather Studios
916 G St., NW, Washington DC

Mather Studios was the first downtown conversion of an office building into housing in the history of the District of Columbia, according to its architects at Cunningham | Quill. The Mather Building, located in the Downtown Historic District, was built as an office building in 1917 by Alonzo Mather, then converted to academic use by the University of the District of Columbia in 1967, and abandoned in 1989 until its revival in 2001 as a condo residence. The gothic revival terra cotta facade was restored to its original condition, with large interior units sectioned off that have appropriately minimalist features like concrete floors, exposed ducts, industrially sized windows, and a new rooftop penthouse added. A front desk and bike lock room provide amenities, but there is very limited parking in the building, not much of a problem with parking garages around. The building conversion into a mixed-income project provides 12 affordable housing spaces for artists on the 2nd and 3rd floors, as well as 38 market-rate condominiums. The District began the conversion process when it selected the Cultural Development Corporation, PN Hoffman, and Gilford Corp. to redevelop the dilapidated office building. Gilford also served as the general contractor. The project required an exception to the District of Columbia Height Act.

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