Advertisement

Advertisement

Mount Vernon Place Finalizes Acquisition of Two Parcels on 3rd Street NW

According to the Washington Business Journal, The Wilkes Company and Quadrangle Development Corp, the developers behind the Mount Vernon Place master development, have finalized acquisition of two parcels on 3rd Street NW from the District. The process to acquire the parcels spanned roughly 8 years and was considerably involved due to the nature of the property abutting the west side of the I-395 highway. At various stages DDOT, the Deputy Mayor for Planning and Economic Development (DMPED), Housing and Urban Development, and the Federal Highway Administration had to be engaged to ensure the title of the land was clean and a sale could move forward.

Latest rendering of Cantata/801 3rd St NW

Latest rendering of Cantata/801 3rd St NW

With these key parcels now secured the residential project long planned for the east side of 3rd Street NW in the Mount Vernon Place Master Plan can now realistically move forward. This is especially good news for the Mount Carmel Baptist Church which has long been a stakeholder for this particular 320 unit residential development (20% affordable units).  The church has equity in the project and will benefit from planned amenities that will include a program space for the congregation as well as 75 parking spaces dedicated for church use.

[Read more...]

6 people like this post.
SociBook del.icio.us Digg Facebook Google Yahoo Buzz StumbleUpon

New Billboards at 4th & K

It took a while, but the billboard panels for the fence at the north perimeter of the 300 K Street parking lot have recently been installed. The fence was erected in November 2013 in a way that always foreshadowed the eventual installation of integrated billboards.

New Billboard at 4th & K

New Billboard at 4th & K

The billboard advertises the opportunity for the 300K office building The Wilkes Company plans to eventually build on this site as part of their overall Mount Vernon Place master planned development. Although Wilkes now seems to be branding the project 901 4th Street – which is actually the address of the current MVT CID offices in the former Madrigal Lofts sales trailer. It could be that what they were once calling 300K may now be subdivided into two different buildings.
[Read more...]

4 people like this post.
SociBook del.icio.us Digg Facebook Google Yahoo Buzz StumbleUpon

Baked & Wired to 440K?

bakedandwiredAccording to Shaun Courtney of District Source, the owners of the popular Georgetown bakery Baked & Wired are negotiating a lease for ~4000 SF of retail space at The Lyric at 440 K Street NW. This new location would focus less on cupcakes and the sweets of the original location and more on breads and coffee.

This is more than the typical wishful thinking rumor mill stuff – Courtney’s article has no shortage of direct quotes from the owners in her article about their interest in Mount Vernon Triangle and the potential new concept. A new bread oven is currently being shipped in from France!

Ground floor plate (left); Potential 3 tenant layout (right)

Ground floor plate (left); Potential 3 tenant layout (right)

Presumably this new bakery would operate in the Tenant A space from the retail plat map. Berkeley Shervin of The Wilkes Company has been touting the Tenant C space as part of the eventual restoration of Prather’s Alley (4/5 down the page in the article) as a destination rather than a service corridor.

10 people like this post.
SociBook del.icio.us Digg Facebook Google Yahoo Buzz StumbleUpon

440 K Street Apartments

So I dropped the ball and didn’t pick up on this earlier as I initially assumed 440 K Street was just Kettler changing the address on their upcoming 450 K Street apartments. But it’s an entirely different new project and is part of a modified plan for Mount Vernon Place. Yay for double the residential and retail development on the block.

440 K rendering by Davis Carter Scott (via MVT CID)

From the MVT CID Spring newsletter:

440 K will be the next apartment building to break ground in the Mount Vernon Triangle. With 234 apartments, 440 K will feature two rooftop terraces, a pool, private club room for social occassions, private balconies, and a fitness center. There will also be 9,000 square feet of ground-floor retail space.

440 K Street will be the fourth building completed in Mount Vernon Place, the two million square foot, mixed-use development of The Wilkes Company and Quadrangle Development Corporation. Designed by Davis Carter Scott, the building is anticipated to be complete by the autumn of 2013.

I can only assume 440 K has the potential to leapfrog 450 K in timeline for groundbreaking because 450 K has all the historical preservation stuff to work through?

[Read more...]

11 people like this post.
SociBook del.icio.us Digg Facebook Google Yahoo Buzz StumbleUpon