27 Apr Construction Continues In D.C. During Stay-At-Home Order
The development boom D.C. has experienced over the last several years is continuing during the pandemic, with dozens of under-construction projects still moving forward.
The District had 143 projects under construction totaling 28M SF as of August, according to the Washington D.C. Economic Partnership’s annual D.C. Development Report. A majority of those projects were residential, with 89 developments totaling 17,000 units, while 24 office projects and 15 hospitality projects were also under construction.
Saturday, Bisnow traveled through Northeast D.C., Mount Vernon Triangle and Shaw to photograph some of these construction projects, including multi-building mixed-use developments, individual apartment buildings and hotels.
The Bryant Street development near the Rhode Island Avenue Metro station.
On the site of the former Rhode Island Avenue Shopping Center, MRP Realty broke ground last year on its Bryant Street project. The development’s first phase is slated to include 487 multifamily units, an Alamo Drafthouse Cinema and 35K SF of additional retail.
MRP brought on FRP Development Corp. as a partner on the project, using the capital gains from a prior sale to finance Bryant Street through the opportunity zone program. The project also included a $24M tax increment financing package from the District and a loan from Capital One.
The development team updated the community on its progress in a virtual meeting last week, saying the first residential building will open this fall and the Alamo Drafthouse will open next year, independent journalist Gordan Chaffin reported.
Monroe Street Market
The final phase of Monroe Street Market under construction in Brookland.
Construction began on the final phase of Brookland‘s five-building Monroe Street Market development in late 2018. Pritzker Realty Group is leading the final phase, with Bozzuto Construction as general contractor, and it received a loan from JPMorgan Chase.
The building at the corner of Eighth and Monroe streets NE is slated to include 156 apartments and 16K SF of retail, where the developer has been working to land a small grocer. Pritzker Vice President Bill Dvorak told Bisnow in 2018 the project would be completed by summer 2020, and signs in front of the building advertise that same timeline.
The Eckington Park development next to the fenced-off Tanner Park along the Metropolitan Branch Trail.
Foulger-Pratt broke ground in May on Eckington Park, a 327-unit project with 9K SF of retail at 1501 Harry Thomas Way in Eckington. The project sits along the Metropolitan Branch Trail and adjacent to the new 2-acre Alethia Tanner Park created by the NoMa Parks Foundation.
The park was slated to open early this year, but it remains mostly fenced off because of the coronavirus. Seating areas have opened on either side of the park, and a walkway has opened connecting the park and Harry Thomas Way, but the dog park, children’s playground and large green space remain closed.
The Eckington Yards development in Northeast D.C.
Across the street from Eckington Park, construction began in 2018 on the Eckington Yards development. A legacy JBG fund that was not folded into the JBG Smith REIT is building the project, and LCOR in 2018 bought a 50% stake in the development.
The project is planned to include 681 units, a 35K SF Brooklyn Boulders rock climbing gym, a 23K SF commercial kitchen and 3K SF grocery store from Union Kitchen, plus additional retail. The retail will be centered around a woonerf-style shared street.
The team said in 2018 the project was scheduled to deliver in Q3 2021. CBG Building Co. in January held a topping out celebration to mark the completion of the vertical phase of construction.
The Market Terminal development near Union Market
Kettler is building the residential portion, including a 453-unit building with 16K SF of retail and a 105-unit building with 9K SF of retail in the first phase. Carr Properties is building the office component, a 214K SF office building branded as Signal House. Later phases are planned to include two more residential buildings and one building that could be office, hotel or residential.
The Washington Gateway development in NoMa.
The second phase of MRP’s Washington Gateway development in NoMa began construction last year. The developer brought on life insurance company MassMutual as an equity partner and secured a $96M loan from Santander Bank.
The project sits at the intersection of New York Avenue and Florida Avenue NE. The second phase will front New York Avenue and feature 387 units. It will also front the MBT and include a public bike lobby with repair station, water fountains and a restroom. The third phase is planned to front Florida Avenue and include 250 units and ground-floor retail.
The Armature Works development in NoMa.
Trammell Crow subsidiary High Street Residential in September began construction on Armature Works, its three-building project on Third Street NE in NoMa. The project is a partnership with KochSmith Capital, MetLife and the family that owns Central Armature Works.
The development is planned to include two apartment buildings with 468 and 172 units, with the latter having previously been planned as condos. The developer in 2018 reached a deal to bring the James Hotel brand to its planned 204-room hotel, but the development team pulled out of the deal last year after MetLife joined, and it is has not announced another hotel brand.
Press House at Union District
The Press House at Union District development in NoMa.
Across Third Street from Armature Works, Foulger-Pratt began construction in April 2019 on its three-building Press House at Union District project. The development is preserving the historic National Capital Press building on the corner of Third and N streets, with plans to renovate and lease the structure as retail and office.
Next to the historic building, the developer is building two new apartment buildings totaling 356 units. The project has another 85K SF planned in a later phase, with the option to build residential or hotel space.
The Storey Park development site in NoMa.
At the corner of First and L streets NE, Storey Park is slated to include about 500 residential units, a 235-room hotel, for which Marriott signed on as the flag, and 40K SF of retail. It is expected to deliver in late 2022.
The Capital Vista development in Mount Vernon Triangle.
In Mount Vernon Triangle, construction began in September 2018 on Capitol Vista, a 104-unit affordable housing project. Dantes Partners is developing the project in partnership with Spectrum Management, The Menkiti Group and Bailey Real Estate Holdings, with financing from multiple D.C. agencies.
The project sits about two blocks from another under-construction affordable housing project, Liberty Place. The 71-unit project from National Housing Trust, Enterprise Community Partners and IBF Development broke ground in June 2018.
Holiday Inn Express
The Holiday In Express hotel project at 317 K St. NW.
At the corner of Fourth and K streets NW in Mount Vernon Triangle, construction began last year on a 247-room hotel project. The developer, Habte Sequar, brought on Holiday Inn Express as the flag and received construction financing from Stonehill Strategic Capital.
The hotel project sits on the site of the former Henry’s Soul Cafe, about four blocks from the Walter E. Washington Convention Center. The developer said in May 2019 it expected to complete the project in late 2020.
AC Hotel by Marriott
The AC by Marriott hotel project in Mount Vernon Triangle.
The 234-room hotel at 601 K St. NW is planned to include a ground-floor restaurant, a lower-level lounge and a rooftop bar. Douglas said last year it expected to complete the project in November 2020, the Washington Business Journal reported.
The Wren development in Shaw.
In Shaw, MRP and JBG Smith are nearing completion on The Wren, a 433-unit project anchored by Whole Foods. The team broke ground in November 2017 on the project at 965 Florida Ave. NW. The grocer is expected to open this summer, MRP told Bisnow in January.
The Jefferson Apartment Group project at 2009 Eighth St. NW.
The developer, Jefferson Apartment Group, acquired the property in 2016 for $25M. The site was formerly home to the Town Danceboutique nightclub, which closed in 2018 but is planning to reopen in NoMa.