On May 2nd we told you about the news that Boston Properties was entering a joint venture with Steuart Investment Co to develop an office building at 501 K Street NW. This partnership is a key step to redeveloping this premium site that has been a MarcParc parking lot for too long. While the project is still in the design phase below is an early rendering.
It was announced this morning that Mayor Gray and the Office of the Deputy Major of Planning and Economic Development (DMPED) selected the Peebles Corporation and Walker Group bid for the 5th and Eye RFP site. As we learned from the RFP Finalist presentations on Dec 19th and the Peebles bid calls for a Standard Hotel, 59 branded residences, ground floor retail, 100 off-site affordable housing units near the Anacostia metro station, and a $2,000,000 commitment to upgrade the parks (Milian and Seaton) at the 5th and Eye intersection.
On Thursday morning I received a concerned email regarding noisy late night construction at the site of the 460NYA condominiums. City Vista residents had been kept awake all night from construction noises. Irate over this disturbance they contracted DC’s illegal construction department and discovered Bozzuto had secured a permit for two months of night construction (9pm-7am from May 1st 2014- July 1st 2014).
According to the Washington Business Journal, Boston Properties paid about $39 million last month for its stake to enter a joint venture with Steuart Investment Co to develop a 520,000-square-foot office building at 501 K Street NW. This site is currently the fenced in Marc Parc parking lot between 5th and 6th Streets NW and bounded by New York Ave to the north. The potential development has been in the pipeline for Steuart Investment for years and having a proven partner should finally kickstart it into action.
The brick facade of one of the four historic buildings at the American Association of Medical Colleges (AAMC) Headquarters development appears to have collapsed.
While the front brick facade has crumbled down the structural integrity of the building is suspected to be fine. Structural engineers will be evaluating over the next 36 hours or so. AAMC does not expect this to delay their mid-May move-in into the new construction glass and steel high rise office building portion of the project. The historic buildings are slated for retail uses.
The 460NYA condominium construction project has setup a new live webcam. This web camera has a bird’s eye view of the site. The foundation has been poured at the site and progress should move pretty fast after that.
Either click on the image above or this link to visit the :30 time-lapse video of the last few weeks of construction. Once on the video player page there is a PLAY button in the upper right hand corner. I presume the time-lapse video footage will be updated periodically during construction.
Pre-sales for the 460NYA condos officially kick off today. McWilliams Ballard is having their launch event tonight at 7pm at their 1402 14th Street NW office. You can RSVP to attend the event and get the first look at the finishings and floorplans.
The Urban Turf blog attended last night’s ANC6E meeting and has the scoop on the proposed mixed use residential building at 1031 4th Street NW. The developers were seeking, and received, support from the ANC for a zoning variance for their ten-story, 123-unit project at 4th & L Streets NW. They will soon go before the Board of Zoning Adjust (BZA) to formally petition for the zoning variances.