Industrial Bank the developer? 10 stories of residential eyed for bank-owned U Street
Industrial Bank the developer? 10 stories of residential eyed for bank-owned U Street property
By Mark Neibauer Washington Business Journal Dec. 12, 2014 "A vacant two-story commercial building steps from the intersection of 11th and U streets NW, owned for nearly 25 years by Industrial Bank, may be replaced with 10 stories of residential. D.C.-based Industrial Bank acquired 2002 11th St. NW in 1991, according to the Recorder of Deeds. It has owned an adjacent property, 2000 11th St. NW, at the corner of 11th and U streets, since 1935. That is currently an Industrial Bank branch and is not part of the redevelopment plans. According to a letter from Matthew Le Grant, D.C.'s zoning administrator, to Kyrus Freeman, a partner with Holland & Knight LLP, 2002 11th will be razed and redeveloped with a multifamily building..." http://www.bizjournals.com/washingto...0-stories.html |
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Arts Group Signs Lease for Dupont Underground
Arts Group Signs Lease for Dupont Underground
By Lark Turner Dec. 16, 2014 Urban Turf http://assets.urbanturf.com/dc/image...dupund1550.jpg Image courtesy of Urban Turf. http://assets.urbanturf.com/dc/image...dupund2550.jpg Image courtesy of Urban Turf. “After years of negotiations, the Arts Coalition for the Dupont Underground (ACDU) has signed a lease for the subterranean space under Dupont Circle with the DC government. The group announced the signing of the 66-month lease on Tuesday, along with a crowdfunding campaign with a goal of raising $50,000 to jumpstart the project. The group plans to start by cleaning up the former trolley station’s east platform and opening up the space to the public to help build momentum for a redevelopment project. “The plan is to clean up the space, then open it up to the public,” said Julian Hunt, an architect who helped negotiate the lease, in a news release. “We want to demonstrate what uses are best suited for the long-term...” http://dc.urbanturf.com/articles/blo...derground/9351 |
D.C. Council gives final approval to soccer stadium deal
D.C. Council gives final approval to soccer stadium deal
By Jonathan O'Connell and Mike DeBonis Washington Post Dec. 17, 2014 "The D.C. Council unanimously passed legislation Wednesday to acquire the land needed for a 20,000-seat Major League Soccer stadium on Buzzard Point, at an expected cost of $150 million plus $43 million in forgone tax revenue. With the vote, D.C. United has a stadium deal that will get the team out of RFK Stadium in 2017, and Mayor Vincent C. Gray, with about two weeks left in office, has a landmark economic development win. After months of hearings and negotiations, the final vote was matter-of-fact, with the council’s 12 members approving the deal unanimously. Council member David A. Catania (I-At Large), in his last meeting as a council member, raised concerns about how the borrowing to afford the stadium would affect future spending priorities, such as two new middle schools, Metro expansion and major developments envisioned for the former Walter Reed Army hospital and the former St. Elizabeths hospital in Southeast Washington..." http://www.washingtonpost.com/local/...e6c_story.html |
Demolition Underway for 500 L'Enfant Plaza
http://www.swtlqtc.com/2014/12/demol...0-lenfant.html http://3.bp.blogspot.com/-T-7aqcALjw.../photo%2B1.JPG Quote:
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Vornado, Gould present new vision for Rosslyn Plaza overhaul
http://www.pickardchilton.com/mobile.../Rosslyn_5.jpg Quote:
http://www.bizjournals.com/washingto...ge=all&ana=twt |
14th and Florida Ave, NW Nearly Finished
http://www.popville.com/2014/12/14th...arly-finished/ http://popville.wpengine.netdna-cdn....2/IMG_3455.jpg |
“The District’s total population now stands at 658,893 – a figure not seen since the 1970s”
http://www.popville.com/2014/12/the-...nce-the-1970s/ Should mean we continue to see strong development all over the city, including EOTR (hopefully) |
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The metro too is growing at an all time high along with the core. Big gain in residents and this translates to a feverish development cycle. Suburbs are booming big time. :cheers:
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Residence Inn and Courtyard by Marriott coming to Boarded Up Building by the Convention Center
http://www.popville.com/2014/12/resi...ention-center/ http://popville.wpengine.netdna-cdn....7d2e77f7_z.jpg |
I am very surprised nothing has been previously developed on this block.
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yes, that block's revival is a long time coming to say the least.
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Building a Park to Span a Divide in Washington
Building a Park to Span a Divide in Washington
By Jennifer Steinhauer DEC. 28, 2014 NY Times http://static01.nyt.com/images/2014/...KLNN-jumbo.jpg Image courtesy of the New York Times. "“WASHINGTON — On the edge of the historic Anacostia neighborhood here there is a very ugly bridge. It once linked Capitol Hill to a freeway that headed to Southern Maryland over the Anacostia River, but had little inherent value to the neglected, largely African-American region through which it passed. But city officials, community activists and private donors have plans to transform the 11th Street Bridge — a previous version was once traversed daily by Frederick Douglass — into a park that would link some of the district’s tourist-oriented neighborhoods with one of its final frontiers in the march toward gentrification…” http://www.nytimes.com/2014/12/29/us...iver.html?_r=0 |
Between that ^^^, Skyland moving forward and this below, amongst other smaller projects, 2015 is shaping up to be HUGE for EOTR.
DC picks St. E east master developers http://www.bizjournals.com/washingto....html?page=all |
Capitol Riverfront/Navy Yard
It looks like something is happening at the Ruben Companies lot on South Capitol/I Street SE, across the street from McDonalds. There are several more vehicles and trailers on the site (where the fuel tanks were removed earlier this fall), including two office trailers.
There is also a new fence surrounding the perimeter of the property at I Street/New Jersey Ave, SE and construction signs posted on this fence, so construciton at this site should begin soon as well. |
District picks development team to lead St. Elizabeths east overhaul
An overview of the Redbrick LMD proposal for St. Elizabeths east, at buildout: http://i398.photobucket.com/albums/p...98-732-0-6.jpg Redbrick LMD has pitched a concept plan for St. E's east that includes 716,000 square feet of commercial space, 425,866 square feet of innovation uses, 122,000 square feet of retail, 1.1 million square feet of residential (20 percent affordable), and a 150-180 key hotel: http://i398.photobucket.com/albums/p...-774-208-0.jpg http://www.bizjournals.com/washingto....html?page=all |
(Former) Mayor Vincent Gray said DC Streetcar expected to be ready for passengers the week of January 19th
http://www.popville.com/2015/01/form...-january-19th/ http://popville.wpengine.netdna-cdn....2/IMG_3925.jpg |
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