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by Prince Of Petworth October 19, 2017 at 3:15 pm 0


Photo via BZA files

The following was written by PoPville contributor David McAuley, founder of Short Articles about Long Meetings.

JP Morgan Moves to Protect Its Capitol Yards Real Estate

Advisory Neighborhood Commission (ANC) 6D/Waterfront has found a powerful ally – JP Morgan Asset Management – in its protest of zoning relief for a proposed new apartment building at 100 K Street SE.

The 150-year-old multinational has hired local attorneys Holland & Knight to represent the interests of the property next door at 909 New Jersey Avenue SE, which it bought on behalf of institutional investors in 2012.

The developers of 100 K Street SE, GH Group LLC, are proposing to raze the auto body shop currently on the site and build a 12-story mixed-use building with 34 apartments. According to DC zoning, no window in a new residential building of this type shall be within 40 feet of existing windows. (more…)

by Prince Of Petworth September 28, 2017 at 2:30 pm 0


before

From the Mayor’s office:

“RL Christian Groundbreaking and Affordable Housing Update

Mon, October 2, 2017
11:30 AM – 12:30 PM

Join Mayor Muriel Bowser at the groundbreaking of R.L. Christian to celebrate record investments in preserving and producing affordable housing in the District. R.L. Christian is a new affordable housing development in Ward 6.”


now


coming

by Prince Of Petworth September 12, 2017 at 1:30 pm 0


courtesy The Wharf

From a press release:

“One month from opening, officials at Hoffman-Madison Waterfront (HMW), the master developer of the $2.5 billion, world class, mixed-use waterfront neighborhood The Wharf, announces opening day headliner The Bacon Brothers and more than 50 bands and performers that will help the city celebrate The Wharf’s Kickoff Celebration which begins Thursday, October 12 and runs through late Spring 2018 (with the opening of the restored and expanded 200-year-old Municipal Fish Market). (more…)

by Prince Of Petworth September 5, 2017 at 1:00 pm 0


211 Elm Street, NW

From a press release:

“Howard University is partnering with Urban Investment Partners (UIP) and Neighborhood Development Corporation (NDC) to redevelop two former dormitories into residential apartments. The UIP/NDC partnership closed on the Carver Hall transaction on August 18th and subsequently finalized closing on Slowe Hall on September 1st. The partnership will renovate and convert the two structures into 162 modern rental apartments.

Howard University’s Real Estate Development and Capital Asset Management team issued a Request for Proposals in early 2017 and selected UIP/NDC after a highly competitive process that attracted several local and regional developers. The University will maintain fee simple ownership of the property through an innovative, long-term capitalized ground lease structure and will participate in the upside generated by the project over the term. The full project cost, including a capitalized ground lease payment and redevelopment, is $50 million. Negotiated terms include significant minority participation, ranging from equity partners to trade contractors. The agreement also provides scholarships and internship opportunities for Howard University students.


Rendering: George Washington Carver Hall

Located in the LeDroit Park neighborhood of Washington, DC, George Washington Carver Hall (211 Elm Street, NW) and Lucy Diggs Slowe Hall (1919 3rd Street, NW) were built in 1942 to accommodate War Department workers. For more than 60 years, the buildings have served as student dormitories for the University. Both are currently unoccupied. (more…)

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