Development

GSA and Trump Organization Reach Deal on Old Post Office Lease

By Prince Of Petworth

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12th and Pennsylvania Ave, NW

Ed. Note: You can read an awesome history of the Old Post Office Building here.

From a press release:

The U.S. General Services Administration (GSA) announced it has completed negotiations with the Trump Organization on a 60 year lease agreement to redevelop and manage the iconic Old Post Office building and annex on Pennsylvania Avenue in Washington, D.C. Under the agreement, $200 million of private sector funds will be invested to restore the 114 year old federal building and convert it into a luxury mixed-use development — Trump International Hotel, The Old Post Office, Washington D.C.– that will serve the local community, preserve the facility, and save taxpayer dollars. The pending agreement now moves to Congress for a review period of 30 in-session days.

Continues after the jump. (more…)

Public Hearing on the McMillan Park Reservoir Historic District Today at 6:30pm

By Prince Of Petworth

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Photo by PoPville flickr user Scenic Artisan

From a press release:

The District wants to surplus The McMillan Park Reservoir Historic District. Not only that, but it supports the plans of its development consultant, Vision McMillan Partners, to destroy 90% of the historic structures that make the site special. After a door-to-door community survey and close to 2,000 petition signatures that mean nothing to Councilmember McDuffie, community members say “Stop VMP! Stop the Surplus”

WHAT: The District Government holds a public hearing in the neighborhood to listen to the community’s views on it plans to declare McMillan Park Reservoir Historic District to be “surplus” public real estate. There may be possible appearances by Councilmember McDuffie, Mayor Gray, and Deputy Mayor Victor Hoskins.

The Friends of McMillan Park and concerned local citizens will voice their concerns. They are calling on Mayor Gray to stop the surplus, stop VMP’s development plans from going forward, and to consider alternatives that preserve and repurpose the above- and below-ground historic structures of this national landmark park.

WHEN: Thursday, June 6, 2013, 6:30pm
WHERE: All Nations Baptist Church, 2001 North Capitol St. NE (North Capitol & Rhode Island)

Foot Locker Closing in October at 8th and H Street, NE

By Prince Of Petworth

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721 H Street, NE

Thanks to a reader for sending a link to this listing:

“Locate your Bank, Retail or Medical offices in the Heart of the H Street corridor! Footlocker is leaving in October just in time for the Holiday retail season. The 2nd floor of this building is vacant and the owner has plans to build out space to your specs! 8th & H offers an unique opportunity to operate your retail or office business”

Rendering for Tenley View Coming to former Babe’s Billiards Space in Tenleytown

By Prince Of Petworth

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From Douglas Development:

Located at the bustling intersection of Wisconsin Avenue and Brandywine Street, the new building will include a modern, mid-rise atop the former Babe’s Billiards building. The property will feature over 19,000 square feet of retail on the lower two levels and five levels of apartment units. This project was the first new construction residential development in the District of Columbia to receive approval to be built without any parking at all.

68,500 rentable square feet (18,260 sf retail; 50,240 sf residential)
Historic building built 1949; Acquired 2009; Redevelopment 2013-2014
Seven-story building
60 rental apartment units

You can see more info and renderings here.

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It’s a Miracle!

By Prince Of Petworth

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Digging has begun at the corner of Georgia and Kenyon Street, NW. It will be a five story apartment building:

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Friday Question of the Day – Do You Like the Idea of a “Griffith Market” at 965 Florida Ave, NW?

By Prince Of Petworth

MRP and Ellis Griffith Market 5.13
Click to enlarge New Rendering via Ellis Development

From a press release:

MRP Realty and Ellis Development Group have teamed with Fundrise, a local, online platform that uses technology to create a new model for real estate investment centered on crowdsourcing, to offer the public the opportunity to invest in their next development, The Griffith, located at 965 Florida Ave, NW. The Griffith is a mixed-use development consisting of approximately 370,000 square feet, including 40,000 square feet of ground floor retail and residential units above. The Griffith title is in homage to the old Griffith Stadium that was located between Georgia Avenue and 5th Street from 1911 – 1965. The development parcel is currently being sold through the District of Columbia Deputy Mayor’s office, and MRP’s proposal has been selected to be in the best and final round.

Ground floor retail of the development will include Griffith Market, designed as an indoor farmers’ market that allows small and independent grocers, operators, and retail entrepreneurs to set up inside the building and serve the general public in a creative and affordable manner, thereby creating an urban village that is authentic to the culture of Shaw and LeDroit Park. It is intended to compliment, not diminish, the high end, large scale grocery store planned for the Howard Town Center. More importantly, Griffith Market is intended to provide food and retail options that serve the immediate neighborhoods of the community while also serving as a destination for residents throughout the City.

Ed. Note: In late April we looked at the Ellis and competing JBG proposals for 965 Florida Ave, NW. A winner has not yet been selected.

I’m curious what folks think about the proposed Griffith Market. Do you think it will work well in that location? Do you think it can serve the public in an “affordable manner”? Would you invest in something like that?

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