th St. NW Washington, D.C

Transcription

1 th St. NW Washington, D.C

2 Presentation Overview INTRODUCTION TO DEVELOPMENT TEAM PUD/ZONING PROCESS TIMELINE INTRODUCTION TO PROPOSED PROJECT SMALL GROUP BREAK OUT SESSIONS 2

3 Introduction to the Project Team

4 PROJECT TEAM DEVELOPER CAS RIEGLER COMPANIES ARCHITECT ANTUNOVICH ASSOCIATES ENVIRONMENTAL CONSULTANT HP ENVIRONMENTAL TRAFFIC CONSULTANT GOROVE SLADE CIVIL ENGINEER - TBD LANDSCAPE ARCHITECT - TBD 4

5 CAS RIEGLER - OVERVIEW Founded in 2009, CAS Riegler Companies is a locally-owned real estate development and investment company based in Washington, D.C., specializing in creating unique real estate products in urban infill locations. We have a passion for enduring design, CHARACTER and authenticity and create VALUE by developing distinctly URBAN places Authentic places not a commodity developer Lasting places we take a long-term approach to our projects Unique places as students of both design & historic preservation we create real estate that has character and substance 5

6 CAS RIEGLER CAS Riegler specializes in the development of Boutique Real Estate assets characterized by: High-Density Locations: Allow for the concentrated development of multiple smaller projects, creating efficiency in execution and a strong market presence Existing/Historic Building Stock: Provides opportunities to revitalize buildings whose charm and character could not be replicated today due to economic and other jurisdictional constraints Distinctive Design: A design-centric and sustainability-focused approach that strives to create enduring value for all project stakeholders be it the community, investors, or end users Transit-Oriented: Catering to today s city dwellers, who value walkability and accessibility to urban amenities such as restaurants, grocery stores, nightlife, entertainment, and cultural offerings CAS Riegler is exclusively focused on urban-infill development, which includes reusing and repositioning obsolete or underutilized buildings and sites, knitting them back together with the surrounding urban fabric. 6

7 CAS RIEGLER PROJECTS

8 PROJECT LOCATION MAP 8

9 EDMONDS SCHOOL Overview Property Description The James B. Edmonds School was designed in 1902 by noted Washington architects Marsh & Peter and constructed in The School had been used commercially over the past two decades before CAS Riegler restored and repurposed the building into 20 condominium units and 4 townhomes. The Edmonds School Condominiums lie in the heart of Capitol Hill, one mile from the metro at Union Station and directly between Eastern Market and the thriving H street corridor. The project was awarded Best DC Boutique Condo by Delta Associates and received a National Association of Home Builder s Best in American Living Gold Award in the adaptive re-use, multifamily category. Location Use Size 901 D St NE, Washington, DC Residential 35,000 SF (Multifamily) Date of Acquisition November

10 TH STREET: THE COLONEL Overview th Street is a 63,000 square foot urban in-fill, mixed-use development project located in the heart of the District s rapidly expanding 9th Street Corridor which contains three of the city s largest development projects. At completion, the project will contain a total of 70 residential units and approximately 7,000 square feet of ground floor retail one block away from the Mount Vernon/ 7th Street Convention Center Metro station. The development will feature five levels and a separate townhouse. The ground floor retail was designed to accommodate 2-3 full-service restaurants. Location th St NW, Washington DC Property Description Use Mixed-Use Size 64,500 SF (Residential); 6,530 SF (Retail) Date of Acquisition February

11 THE MILL Overview This historic property in Old Town Alexandria was built in 1847 and originally served as a cotton mill. Over the past century, the building has served several functions including a bottling factory for Portner Brewing Company, a spark plug factory, and most recently the home office to the International Association of Chiefs of Police. An additional annex building as well as a full restoration and renovation will convert this historic building into unique, luxury residential dwellings with tremendous character. Property Description Location 515 N Washington St, Alexandria, VA Use Residential Size 40,000 SF Date of Acquisition December

12 1101 RHODE ISLAND: HOLM Overview Property Description 1101 Rhode Island Avenue is one of the last remaining pieces of developable land in the desirable Logan Circle neighborhood. The site has been razed to prepare for the ground-up construction of 38 luxury condominiums and 3,000 SF of ground floor retail. Architect Hickok Cole has designed a building that is contemporary yet seamlessly blends with the neighborhood and its historic surroundings. Blocks from both the booming 14th street corridor and the newly thriving 9th street corridor, the location is perfectly situated within walking distance to all the amenities the city has to offer. Construction began 2 nd quarter 2014 and will reach substantial completion 3 rd quarter Location Use Size 1101 Rhode Island Ave NW, Washington, DC Mixed-Use Date of Acquisition November ,000 SF (Residential); 2,950 SF (Retail) 12

13 ST. THOMAS Overview In partnership with St. Thomas Parish Episcopal Church, CAS Riegler is moving forward with the development of a ground-up 50,000 square foot residential project in the heart of Dupont Circle that will consist of residential units. The joint project aim is to develop a more modern church for the congregation and to construct a Class A residential building while respecting the scale of the surrounding properties in the Dupont Circle neighborhood. The four-story church building will front onto 18th Street while the residential building would be developed on the back half of the property Location 18 th and Church St NW, Washington, DC Property Description Use Residential Size 50,000 SF Date of Acquisition

14 WMATA - Half and L St, SE Overview In a joint venture submission with MRP Realty, CAS Riegler has won the WMATA RFP for the Navy Yard chiller site, at Half and L street SE. The project will be a fee simple purchase of the WMATA owned parcel. The building is envisioned to contain 126 condominiums and 6,000 SF of ground floor retail. Construction is expected to start in Property Description Location ½ and L Street, SE Use Mixed use - Residential Size ~135,000 GSF Date of Award June 4,

15 WMATA Brookland/CUA Metro Overview In a joint venture submission with MRP Realty, CAS Riegler has won the WMATA RFP for the Brookland/CUA Metro sites. The two parcels will be controlled by a ground lease and the project will be rezoned through a PUD process. The buildings are envisioned to contain a combined 280 apartments and 12,000 SF of ground floor retail. The projected construction start date is estimated to be Property Description Location East side of Brookland/CUA Metro Station Use Mixed use - Residential Size ~247,000 GSF Date of Award August 18,

16 Antunovich Associates 16

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18 Introduction to the Project

19 Presentation Overview GREAT CAPITOL HILL NEIGHBORHOOD BUT LACKING IN THE TYPES OF AMENITIES THAT MAKE EASTERN MARKET SO POPULAR OPPORTUNITY TO CREATE A MARQUEE PROJECT FOR THE NEIGHBORHOOD BUILDING ON THE MOMENTUM STARTED BY JENKINS ROW HIGH QUALITY RETAIL AND RESIDENTIAL DEVELOPMENT 19

20 PRECEDENT IMAGES - ARCHITECTURE 20

21 PRECEDENT IMAGES - RETAIL 21

22 PROPOSED MASSING 22

23 PROPOSED MASSING 23

24 PROPOSED MASSING 24

25 SECTION SHOWING RETAIL 25

26 PUD Timeline Addi8onal mee8ngs with community and ANC OP recommends that Zoning Commission schedule a public mee8ng At that public mee8ng, ZC determines whether to hold a public hearing Office of Zoning mails no8ce of public hearing to owners within 200 feet of the project no less than 40 days before public hearing ZC holds public hearing on the applica8on Any addtl info requested by ZC post hearing is provided ZC votes to approve or deny at a regularly scheduled public mee8ng If approved, NCPC reviews before ZC votes in final ac8on to approve the applica8on Project Kickoff Months 1 4 Months 4 7 Months 7 10 Months Months Community Mee8ngs Official ANC Mee8ngs No8ce of intent to file PUD Filing of PUD applica8on Mee8ngs with neighbors, OP and other DC Agencies Prepare & file prehearing package Officially present project to ANC 6B P&Z commiqee and full ANC File 2 nd prehearing submission ANC 6B submits official report to ZC Office of Zoning issues the order approving the applica8on 26

27 Post PUD Timeline PUD Approval DRAWING PRODUCTION STARTS (5 6 MONTHS) RAZE PERMIT FILED AROUND MONTH 2 FULL BUILDING PERMIT FILED AROUND MONTH 5 PERMIT REVIEW (3 9 MONTHS) BUILDING PERMIT ISSUED/CONSTRUCTION START (MONTH MONTHS OF CONSTRUCTION 27

28 STAY IN THE LOOP: STAY IN TOUCH: 28