Louis Dreyfus Property Group presented an update on their I-395 air rights project at both the ANC6C Planning, Zoning and Environment (PZ&E) committee meeting and the full commission meeting this February.
Si Kailian attended the PZ&E meeting and provided a recap on the MVSNA blog.
(Dreyfus) submitted the PUD application for the first phase of development at the end of the year and will now be going through the process of scheduling the official ANC and Zoning hearings as well as working with the Federal Highway Authority on the project. It’s an exciting development, planned to be LEED Platinum certified and will add commercial, retail, residential, and green space to what is now the I-395 cavern.
From Si’s recap:
(Dreyfus is) proposing to construct an approximately 2.2 million square foot mixed-use development, which consists of approximately 2 million square feet of commercial use (which includes approximately 75,000 square feet of retail) and 180,000 square feet of residential. One Committee member did remark how the conceptual design of the north elevation was reminiscent of Tech World, its has a similar element of 2 big buildings with a 3 story connection element – but with green space below instead of an expanse of concrete.
I did not attend the PZ&E meeting, but did see the presentation at the full ANC6C commission meeting. Below is what I sketched translated to a Google satellite image. This is an approximation not exact – PLEASE DON’T TAKE IT TOO SERIOUSLY.
Some points I picked up during the presentation:
- Decking will cost ~$210 million; Office component must be maximized to cover capitalization costs
- Area is zoned for medium density office or high density residential/hotel. Requesting zoning relief to allow high density office.
- All parking and loading docks are below ground between 3rd Street NW and I-395.
- The P1 parking level showed substantial bike parking
- Residential building will have 150 units; 50 affordable with a mix of 30 and 60 AMI
- Jewish Historical building will need to be relocated
- At the moment neither F or G Streets will be fully restored to vehicle traffic from 3rd to 1st Street. The Holy Rosary Church and Georgetown Law each want sections to remain pedestrian only.