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.
At the February ANC6E meeting the finalists for the 5th and Eye RFP attended and presented their Best and Final Offers (BAFOs) to the community. The 5 minute presentations by the developers focused on what aspects of the team’s proposals had changed since the Dec 19th presentations to address the community feedback. Rather than bury the lead at the end of the article I will say that the ANC vote resulted in a tie for the Akridge/JAG residential project and the Trammell Crow/CSG office building. Commissioner Marge Maceda, who represents the impacted single member district, favored Akridge/JAG. The Office of the Deputy Mayor of Planning and Economic Development (DMPED) will ultimately make the final selection for the awarding the RFP.
The full rank order of the finalists by the ANC is in the chart below.
According to the agenda for the upcoming ANC6E February meeting, the ownership of the popular Dacha Beer Garden plan to open a second location in Mount Vernon Triangle. Dacha is a relative newcomer having opened on 7th Street NW in Shaw last September. Even if you haven’t been yet you may have seen the giant iconic mural of Elizabeth Taylor that now graces the side of the building adjacent to the beer garden. This new Mount Vernon Triangle location would be named Dacha 2 and would occupy space at 923-925 5th Street NW between Silo and The Cloakroom. Presently this location is a historically protected front facade with no rear structure.
We’ve had some great discussion in the comments section on the four 5th & I RFP finalists since my last posting on the subject on January 8th. Many of you cast your support for the Peebles proposal for the Standard Hotel. In fact one reader started an iPetition titled “Bring Standard Hotel to 5th & I Street NW” in favor of the Peebles proposal that has collected 35 signatures.
Per the suggestion of one commenter I watched a video (Youtube, beginning 13 minutes into the segment) of the January 8th ANC6E meeting that covered the topic of the 5th & I RFP proposals. I would disagree with the characterization that the ANC mostly read comments that opposed the Standard Hotel proposal. Point of views that were both for and against elements of each proposal were orated. Putting the affordable housing from the Peebles proposal in Anacostia rather than MVT did garner slightly stronger words but I think everyone should be prepared for that as it was the most controversial aspect of any of the proposals. Unfortunately it was not a fair characterization as Peebles pledged to put the units in a mixed-income building, not a low income building. However affordable housing is an emotionally charged issue and supporters sometimes get tunnel vision and only see the negatives and disregard other details that don’t support their narrative.
After watching the video I agree with ANC6E’s overall approach. Commissioner Marge Maceda, who represents the impacted Single Member District (6E05), feels the MOST consistent feedback she has received over many months is that residents want a park. The ANC recognizes that this is the last parcel of land in the Mount Vernon Triangle that is not privately owned. This parcel is our last real bargaining chip for community amenities in MVT. ANC6E has recommended that each of the four finalists commit to putting $2.5 million into an escrow for the Seaton and Milian park improvements in their BAFOs (Best & Final Offers). I would infer that level of commitment would put a proposal on excellent footing to receive the support of the ANC.