“Boutique developer Pecar Properties is developing two condominium buildings, with a total of 46 units, on former church-owned property just two blocks from the Potomac Avenue Metro station in Washington, DC.
Stone Flats at 1337 K Street, SE and Stone Hill condos at 1345 K Street represent the eastward march of church-to-condo transformation as developers and home buyers seek out some of the city’s quieter established neighborhoods.
Presales have begun for Stone Flats’ ten luxury condominiums, ranging from highly functional one-bedroom homes to a one-of-a-kind penthouse loft with a private sun deck and monumental city views. Residents are expected to start moving in this fall. At the same time, Pecar has started site work for Stone Hill, an adjacent 36-unit condominium building scheduled to deliver in Fall 2017, on the site of the former Mount Paran Baptist Church. (more…)
“Douglas, the owner of 111 Massachusetts Ave. NW, has filed plans with the District to construct a 95,400-square-foot addition and undertake “significant renovations to the building in order to update and improve” its architecture and street presence.”
222 M Street, SW rendering courtesy High Street Residential
From a press release:
“High Street Residential, the residential subsidiary of Trammell Crow Company, and CSG Urban Partners, have partnered with Meadow Partners to redevelop the St. Matthew’s Evangelical Lutheran Church site. The Class A mixed-use project, located at 222 M Street, SW in Washington DC, will comprise 221 multifamily units along with a new 16,000-square-foot St. Matthew’s Church and community center.
The project is the latest development to break ground in the SW Waterfront submarket of Washington, DC and affords convenient access to the Waterfront-SEU Metro station and will be a few blocks from The Wharf development.
“The redevelopment of St. Matthew’s Evangelical Lutheran Church is an important project for us,” said Josh Dix, Principal with Trammell Crow Company and National Residential Practice Leader for High Street Residential. “The delivery of this project will build on the positive momentum of the Southwest submarket. We are excited about the opportunity to bring the Church and a new community center back to its original congregation in Southwest, Washington, DC.”
St. Matthew’s will be highly-amenitized, featuring a large first floor lounge overlooking a one-third-acre courtyard, a dog run, a fitness center with private rooms for yoga and spin classes, bike storage and maintenance room. The project will also include a roof-top pool, lounge and deck, with unobstructed views of the U.S. Capitol Building. The new St. Matthew’s Lutheran Church and community center will feature a coffee shop, a large fellowship hall for community meetings and gatherings, Wi-Fi and computer access for the community, a large multi-use worship space capable of hosting small theater and performance events and a gallery design to feature local artists.(more…)
“Urban Investment Partners (UIP) of Washington, DC has acquired a ten-story building at 2601 Virginia Avenue, NW across from the Watergate mixed-use complex for $36 million. The seller was George Washington University (GWU), which had used the building as student housing for 17 years.
Hall on Virginia Avenue achieved notoriety while operating as a Howard Johnson hotel in 1972. Rooms 419 and 723 were used as lookouts for the “Watergate burglars,” who broke into offices of the Democratic National Committee in the Watergate office building. The ensuing Watergate scandal led to the 1974 resignation of President Richard M. Nixon. Room 723 was preserved as a museum until 2001, when the exhibit was moved to the GWU archives.
GWU demolished the property’s interior about a year ago, planning to create new student and faculty housing, but decided to sell the property instead. CBRE’s Bobby Meehling, Andy Wimsatt, and Peter Larkin represented GWU in the sale.
UIP plans to develop about 200 rental apartments within the existing 97,300 SF core and shell, and build about 50 more units in a new 40,000 SF addition on the building’s east side. UIP also will create an 8,000 -10,000 SF restaurant/coffee shop on the first floor, which will be a fully activated space for residents and neighbors. The building has underground parking for 200 vehicles, plus bike storage and care facilities with lockers. (more…)
“Capstone, along with its partner Quadrangle Development, is currently developing a mixed use project on a site located at 9th Street NW and L Street NW. The $230 million project includes a 310-room Courtyard by Marriott hotel, a 190-room Residence Inn by Marriott hotel, and 230 residential units. The project is located in the Shaw Historic district and includes the redevelopment of a number of historic buildings located along 9th Street NW. Capstone recently completed the PUD process and is currently overseeing the design and financing of the project, which is projected to break ground in 2015.”