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I can now finally stop obsessively checking Square 701 property records, as Grosvenor Americas and Skanska finally completed earlier this week their purchases of the former Willco properties along 1st Street SE between M and N, and each officially announced their plans for the site, which of course JDLand readers have known about for a while now.
But we've also now learned that the office building (seen at left) will be developed by Skanska, is designed by Gensler, and will likely be self-financed, according to Bisnow. It will have 11,000 square feet of retail, and will be 11 stories tall. Looking at property records (always a somewhat dicey proposition), it appears that Skanska's Ballpark Square 701 LLC paid about $19.2 million for the multiple small lots at 1st and M where Normandie Liquors used to stand.
Of course, the question most interested observers want to ask doesn't have an answer yet--neither announcement gives a start date. There's still the need for final approvals from the Zoning Commission (expected to come at the Oct. 29 public meeting), but for the Grosvenor portion of the site, there's one more pending item before the path to construction is truly clear, and that is the plans by another developer for the L-shaped lot between the residential buildings and the retail building. |
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99m, Development News, F1rst Residential/Hotel
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Late last week, "Capital Riverfront Hotel LLC" * submitted to the Zoning Commission plans for a 167ish-room hotel on the small L-shaped lot that the Welch family has owned for a number of years at 1st and N Streets just north of Nationals Park.
Recently "Ballpark Square LLC and SCD Acquisitions LLC" (which appears to be a team headed by Grosvenor, with Skanska and McCaffery Interests also on board) submitted updated designs for that project in advance of its Oct. 1 zoning hearing, in which the residential building just to the north of the L-shaped lot has had its U-shaped design reconfigured to open to the south, giving residents in the courtyard-facing units some amount of a view toward Nats Park. Which of course would completely disappear if the hotel were to be built right up against the property line. (You can compare the white box in the top rendering to the red-brick building at the right of this rendering to place the proposed hotel's location vis-a-vis the residential building.)|
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With the Foundry Lofts having quickly reached 100 percent leasing earlier this year, and construction underway on the Twelve12 residential building with a Harris Teeter at 4th and M, it's interesting to hear that Forest City is starting to move on its next residential project at the Yards, an 11-story 325ish-unit rental building right next door to the Foundry Lofts, on the southwest corner of 4th and Tingey (where a parking lot now resides, across from the Trapeze School). That would also put it just to the south of the under-construction Boilermaker Shops retail pavilion and kitty-corner from Twelve12.|
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Development News, The Yards, Arris/Parcel N/Yards
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Capitol Riverfront BID, Development News, Onyx, Nationals Park, Teague Park, DC Water (WASA)
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In a newsletter released last week, the Marine Corps announced that a recent relaxation of the Department of Defense's force protection requirements means that the never-ending quest for space for a new Marine Bachelor Enlisted Quarters (BEQ) can now be based on the need for a 66-foot standoff distance between any new building and nearby parking/roads instead of the 82-foot standoff that the Marines had been trying to work with up to now.
At that time, the Marines said that the EIS would evaluate the two blocks along the east side of 8th between Virginia and Potomac Avenues (Squares 929/930) along with the old Exxon site at 11th and M (Square 976). It was also said that the existing "Annex site" at 7th and Virginia was ruled out for the 100,000 square feet of housing but that it could be used for the needed 60,000 square feet of support space, but one does wonder whether the setback requirement change can return the Annex site back into the mix.
The Washington Business Journal reported on Friday that the city has put 300,000 square feet of "combined lot development rights" that it controls near Nationals Park up for bid, and that the likely target is the new Square 701 project that would bring a combined office/hotel/residential/retail project to the block along 1st Street SE where Nats Parking Lot F currently resides.|
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Development News, JDLand stuff
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A press release from Donohoe posted on the Capitol Riverfront BID web site says that the development company is designing a 13-story, 310-unit apartment building on its 1111 New Jersey site, on top of the east entrance to the Navy Yard Metro station, and will be acquiring the St. Matthew's Baptist Church next door (seen in the photo at right).
The building, designed by WDG Architecture, would have a mix of studio, one-, and two-bedroom units, and approximately 9,000 square feet of retail, "almost" the same amount as the office building. There's an early rendering of what the new building could look like on the BID page. UPDATE: Donohoe passed along the image at left.|
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1111 New Jersey/Insignia on M, Development News, Square 743N
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Hot on the heels of the sales (completed and pending) of JPI's three "Capitol Yards" buildings, there's another notice in another lobby that a neighborhood apartment building is under contract to be sold. This time it's Onyx on First, the 266-unit apartment building on the southeast corner of 1st and L, which was developed by Faison with an assist from Canyon-Johnson Urban Fund and opened in late 2008. |
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Development News, Onyx, Square 743N
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I've learned today that mega-developer Toll Brothers has purchased the Square 699N land directly north of the Velocity Condos building on 1st Street SE for $24 million, with the intention of building a 250ish-unit residential building. |
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