Forthcoming Developments

Atlantic Plumbing: The Shaw Boom Continues

Rendering courtesy the JBG Cos.

Rendering courtesy the JBG Cos.

The City Market at O may have been the first mixed-use development of its kind (read: gigundo) to grace the streets of Shaw, but my friends, I am here to tell you that the arrival of that leviathan was just the beginning. The Atlantic Plumbing condos, set to deliver in spring of 2015, will have 62 one- and two- bedroom condo units, multiple rooftop terraces, an in-house gym, and a variety of eateries – a complex certainly on par with its nearby competition. Condo pricing begins in the upper 300’s, but skyrockets up to nearly 2 million. (Either that’s going to be one hell of a 2-bedroom, or developers The JBG Cos. and Walton Street Capital LLC are holding out on some of the details.) The building described (and pictured) above will be at 2030 8th St. NW; next to it, at 807 V St. NW, will be 300 luxury rental units, even more retail, and a Landmark Movie Theater. Shaw is going to be pretty much unrecognizable before the decade is out.

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Navy Yard Update: Fall 2014

Things just keep getting more and more exciting down in SE! If you haven’t paid Navy Yard and its anchor development, The Yards, a visit in the last few months, here’s a photo tour of some of the exciting new additions to the area:

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Great news for nearby pet-owners! Petco’s boutique spinoff, “Unleashed”, will be opening any day now (pictured above). Below, some shots of the recently-opened Willie’s Brew and ‘Que, which is brought to us by Chef Rock Harper. A Hell’s Kitchen Alum who has done tons of work for DC Central Kitchen (a phenomenal non-profit that is near and dear to my heart), I’ve had the privilege of meeting Rock at many a food event in the past. He is a wonderful person and a talented chef, and I look forward to checking out his restaurant. The menu offers a seriously wide variety of BBQ – from St. Louis ribs to Korean chicken wings – and the space is, well, AWESOME. Floor-to-ceiling windows all the way around, and with ceilings that high, that’s nothing to sneeze at. And you can only imagine how much trouble folks can get into at the giant wraparound bar that anchors the space!

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I love me some good BBQ, but nothing can compete with the power of my sweet tooth. That’s why the addition that I’m most excited about is this one: Ice Cream Jubilee. Opened by a fellow recovering attorney, this shop offers incredibly luscious ice creams in a variety of traditional and deliciously non-traditional flavors. I’m currently torn between the blueberry pie and the caramel popcorn flavors, but at the end of the day, it’s their insanely tasty vanilla that I opt to put into my coffee float. Any shop who can make plain ol’ vanilla ice cream taste THAT good clearly knows what its doing.

My coffee float from Ice Cream Jubilee, featuring their incredibly flavorful vanilla ice cream. SWOON.

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Across from Jubilee you’ll find EVO Furniture Gallery, which bills itself as offering “Affordable Modern Loft Designs Customized to Fit Your Living Space.” Whether their definition of “affordable” matches yours and mine is debatable, but it’s always nice to see new retail in the hood!

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As you can see from this shot, taken with my back to EVO, there is still a lot more to look forward to in Navy Yard. In the distance you can see the VIDA luxury fitness center that opened at the beginning of October, which is attached to a Harris Teeter that is supposed to open today. That construction site is “Parcel N” – it’ll house 327 more apartments and an additional 20,000SF of retail space. It’s set to delivery in 2016. And there are a LOT more residences planned over the next few years, condo and rentals.

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Interested in beating the crowds and moving to Navy Yard now? Click here to see listings in the area. And if you’re lucky enough to already own, now is a GREAT time to sell, before the area is flooded with new inventory. Your place is a hot commodity right now, so shoot me an email if you’re interested in taking advantage of that!

So Long, H Street Storage

Thanks to Twitter user @JoeHeim for sharing the news (and the photo!) – the H Street Self Storage building on the 600 block of H St. NE was demolished today. And why is this exciting news? Because, my friends, you are looking at the future site of Whole Foods!! That’s right, DC’s favorite overpriced yuppie haven is that much closer to gracing our neighborhood (and raising our property values!). I’m a sucker for their two-bite cupcakes and pecan-crusted trout, so color me yuppie: I’m thrilled!

Bye-Bye Burger King

More big plans have just been announced for the NoMa/Union Market area – this time from Level 2 Development, the company behind the View 14 and Capitol View buildings on 14th Street NW. This summer, they purchased 320 Florida Ave NE (at the corner of 4th and Florida NE, currently home to one of the slowest Burger Kings in the country), and have announced plans to build a mixed-use development on the site. If you have no idea where/what I’m talking about, check out the map below (and note proximity to Union Market, H Street NE, Gallaudet University, Union Station, and NoMa Metro stop and retail. Zoom out to see it all)

This pocket of town, which was pretty much no-man’s land until Union Market opened up in 2012 (admit it – did you have *any* idea this part of town even existed before then?) is really shaping up to be something special. This announcement from Level 2 is just one more in the long line of exciting plans for this area. EDENs, the developer behind Union Market, has already announced plans to build an Angelika movie theater and shiny new residences over the next few years. Harris Teeter, Potbelly, Starbucks and other such harbingers of property value increases are all mere blocks away from the area in question, and the booming H Street corridor is just a few steps farther away.

I’m not gonna lie though – I’ll miss those chicken sandwiches. But let’s be honest, it’s probably for the best – for home values in the area and my waistline!

The Future of NoMa

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At the end of June, DC’s first ever Hyatt Place hotel opened on New York Ave in NoMa – two blocks from the NoMa metro, and within clear view of the capitol. But this announcement is about more than just another new hotel in DC – this is actually just the first phase of an extensive mixed-used development from JBG Companies. Ultimately, the development will includes restaurants, apartments, office space, and a 10-screen Landmark Theatre opening by early 2017. This will all be anchored in a “pedestrian friendly plaza that meanders between the buildings from New York Avenue to Patterson Street.”

Between this development and all of the exciting plans that EDENs has for the area around Union Market, it’s clear that the NoMa neighborhood has serious property value potential. Click here to check out listings in the area!

Talk About Sticker Shock!

Photo Courtesy DistrictSource.com

Photo Courtesy DistrictSource.com

Mt. Vernon Triangle is in the midst of a serious makeover, with shiny new luxury high rises popping up all over the place. But amidst all the beautiful new construction, one eyesore still stands strong on K Street next to the City Vista complex: Museum Square. Last week, the building’s owners filed an Offer of Sale with a pricetag of (drumroll please)….$250 million. The building has 302 units. Which means they are asking about $830,000 PER UNIT.

People, please. You know some developer is going to snap that building up eventually, but who in their right mind would pay that price for a building in that condition? I can’t wait to see how much it actually sells for, and REALLY can’t believe the audacity of these owners to ask for so much. This is DC folks, not Manhattan!

Other fun facts about the building from DistrictSource.com: The 89,710-square-foot lot sits on just over 2 acres at 401 K St. NW and had a tax assessed value of $32.5 million in 2013.  The existing building has 302 apartment units and 6,500 square feet of retail fronting on both K and 4th Streets, NW.

Looking for a Condo on U Street?

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If you’ve been looking in vain for a condo in the U Street area, I’ve got good news for you – a whole bunch of new inventory is about to open up! Sales for The Hatton, at 1921 8th St. NW, will be opening up this fall, and move-ins will start as early as Spring 2015.

The five-story mixed-use building will have 245 condos and 28K sf of retail spread across a single floor.  The units will range from studios to two-bedrooms, and prices will start in the high $300s. There will even be parking! 29 underground spaces. If you’d like more info or want to go take a look when they open up sales, let me know!