Development

“Rare DC Nude Dancing License is Up for Grabs. Who will be the next club mogul?”

By Prince Of Petworth

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Photo by PoPville flickr user Victoria Pickering

From an email:

“If you have ever dreamed of investing in a nude dancing club, now is the time. A DC nude dancing license in conjunction with a pre-approved 30,000 SF site in the recently redeveloped Hecht warehouse district [2046 West Virginia Ave, NE] is just waiting for someone to step in and open the newest club in DC.

The moratorium on nude dancing licenses in DC makes the opportunity to open a club like this few and far between. The license combined with the huge pre-approved location, redevelopment of the area surrounding the site on West Virginia Ave in NE, and the impending opening of the casino at the National Harbor provides the perfect storm of opportunity for someone to step in and become DC’s newest club mogul.

Since the closing of Nexus Gold Club in 2006 there has been a gap in the market for a large, upscale nude dancing club that caters to the conventioneers, tourists, and heavy hitters in the DMV.

Someone is going to seize this opportunity, but who? Rasmus is doing a private treaty sale for the combined license and location.”

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via google maps

“The 11th Street Bridge Park has the potential to represent more than just an innovative public space, the Bridge Park can symbolize a new unity and connection between a booming area of the city and one that has long been overlooked and excluded from the city’s economic progress”

By Prince Of Petworth

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From a press release:

“As part of a year-long community-led effort, the 11th Street Bridge Park releases an Equitable Development Plan to ensure that nearby residents can benefit from this new civic space. The Bridge Park’s Equitable Development Task Force, formed in the fall of 2014, has worked with community residents, business owners, policy experts and government officials to identify actionable recommendations that the Bridge Park and its partners can take in three areas: workforce development, small business enterprise and housing. The Task Force has developed an Equitable Development Plan comprised of 19 specific recommendations encouraging inclusive development in the neighborhoods surrounding the park.

The Equitable Development Plan is available here to view online and here to download.

With the release of the Equitable Development Plan, Bridge Park staff will partner with experts from the Urban Institute to create measureable and detailed outcomes for each recommendation. Implementation of the recommendations has already begun. In early 2016 for instance, the Bridge Park will provide financial support for a new East of the River Home Buyers Club run by MANNA. The Home Buyers Club offers free high-quality financial literacy training and homebuyer education services with the goal of helping low and moderate income persons acquire quality housing and build assets for families through homeownership.

The Equitable Development Plan supports the unprecedented $100 million investment made by the Mayor of the District of Columbia, Muriel Bowser and the D.C. Council in the Housing Production Trust Fund, an effort to create a more inclusive city. (more…)

“We wanted to provide buyers with large units and lots of space for living and storage at an obtainable price point.”

By Prince Of Petworth

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From a press release:

“On the heels of Pope Francis’s historic visit to the Brookland neighborhood, the area will soon attract more visitors: homebuyers checking out Lock7 Development’s all-new condominiums at Brooks Row. This community of 22 townhome-style residences at 2724 12th Street, NE will offer two-level living, private outdoor space, and designated outdoor parking. Urban Pace is about to start presales for the two-bedroom and three-bedroom condominiums, which are scheduled to deliver early next spring, with prices starting in the high $400,000’s.

“Brookland is a really unique part of the city because it’s less dense than many other neighborhoods, so there’s a great deal of trees and green space,” said Lock7’s David Gorman. “It’s also Metro-accessible and very walkable, and you get a lot more space for your money than in other urban neighborhoods.”

“However, the single-family houses in Brookland have gotten very expensive, with a handful of recent sales topping $1 million,” Gorman went on. “We wanted to provide buyers with large units and lots of space for living and storage at an obtainable price point.”

Lock7 acquired contiguous parcels on the corner of Franklin and 12th Streets, NE from two separate owners, and assembled a 19,000 SF site for ground-up construction. “We decided on townhouse-style condos,” he explained, “which allowed us to keep unit prices relatively low while giving buyers great value for their money.” (more…)

Franklin School Development Possibilities Announced

By Prince Of Petworth

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13th and K Street, NW

From a press release:

“Mayor Muriel Bowser and Deputy Mayor for Planning and Economic Development Brian Kenner announced today that the District received four responses to the Request for Proposals (RFP) for development of the former Franklin School in Ward 2. All four teams possess extensive commercial-development expertise in the District, which will ensure a competitive review process for selection of the site’s developer. Earlier this year, the Bowser Administration reissued the RFP process after canceling tentative plans by a developer to use the property as a contemporary art space.

“I am pleased with the submissions the District received for the restoration of the historic Franklin School,” said Mayor Bowser. “In reissuing the RFP, my goal was to facilitate a financially viable development that has the potential to create jobs and contribute to the District’s economy. With these submissions, we are one step closer to making that goal a reality.”​

The four respondents to the RFQ are as follows:

· Aria Development Group
· Dantes Partners
· Friedman Capital Advisors, LLC
· Thoron Capital, LLC

The RFP was issued by DMPED on August 21, 2015 following a Request for Qualifications to qualify respondents for their development experience and financial capacity to oversee the redevelopment. Responses to the RFP were limited to the teams qualified in the RFQ, and responses were received on October 16, 2015. Response teams vary in their experience and proposed uses, yet many – if not most – consist of an array of significant development, architectural design, construction management, and historic design firms.

The diverse range of proposed uses includes hospitality, office, higher education, arts and creative, as well as training and workforce development opportunities and job creation. (more…)

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