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Just Listed @ the Rockingham

Victorian @ Logan Circle, 2 beds, 1 bath renovated!

Woodridge Estates - Only 1 left

Detached, Up to 6 beds, 3.5 baths

The Ventura @ Logan Circle

Low $300s+ *1st Open Oct 5th 1-4*

The Rene @ Old City!

Priority Registration. 2 bedrooms from $200's.

The Indalo Open Sunday 1-4

Only 3 Units Remaining, Priced from $299,900


Latest Properties
Rating
Description
1033 Bladensburg St NE
Washington, DC 20002
0.0
/5

Information coming soon!


Rating
Description
1626 N Capitol St. NW
Washington, DC 20001
1.6
/5

NextGen Development purchased the firehouse at 1626 N Capitol St NW in 2008 with the sole intent to create LeDroit Park’s staple nightlife establishment. The three-story, 10,000-square-foot space will become home of 2020 Martini at Engine Co. 12, a restaurant concept by Twyla Garrett of Cleveland-based Garrett Entertainment Corp.

The first floor will serve brick-oven pizzas, baked in an imported Italian oven sculpted with a fire engine facade. That floor will also include a small pasta bar and a sushi bar.

Plans for the second floor call for a lounge atmosphere with live music performances, where pizzas and sushi will be delivered by a glass-enclosed conveyer belt resembling a ladder. Twyla is also developing a proposal for nearby XM Satellite Radio to have occasional broadcasts from a mini-studio she and NextGen would outfit.

The third floor will be devoted to the Mocha Fusion Coffee Lounge, an espresso bar. And finally, a rooftop deck will offer tapas.


Rating
Description
1080 Wisconsin ave NW
Washington, DC 20007
4.3
/5

Georgetown Park Condominiums are located in Georgetown. The first phase of the complex opened in 1981. Parts of the structure predate 1838 when it was used as a tobacco warehouse that opened up directly onto the Chesapeake and Ohio Canal. In the 1850s, the building was purchased by John E. Reeside and Gilbert Vanderwerken and converted into stables for their omnibus line. The building continued to be used as stables for the first horsecar line, the Washington and Georgetown Railroad. It was later converted into a machine shop for streetcars. The parts of the building that face the canal and the facade of the M Street entrance remain from those earlier periods. After the demise of Washington’s streetcars in 1962, the building served as the United States Defense Communications Annex E before being converted to its current use.


Latest News

I went to the meeting a briefing on the Marriott Marquis Convention Center Headquarters Hotel tonight that took place at the Walter E Washington Convention Center.  Carmencita R Kinsey, Chairperson of of the WCCA Advisory Committee, Norman Jenkins of Marriott International, Inc, Bob Neal of Cooper Carry and Claude E Bailey of Venable LLP offered words. We saw some exciting detailed architectural drawings projected large for all to see (attendence was around 45 people–I came with former clients of mine from the Whitman Condos next door)  There were quite a few people from the Whitman Condominiums who are generally happy to see the hotel provide value anchor, and stability to the neighborhood. But also are concerned how the height of the property slated to be constructed on the corner of 9th and Mass. Ave NW.

A few hightlights:

This is to be Marriott’s top-of-the-line 4-star hotel. (One of only three in the world) The goal is a building that will “activate” the street life there.  By this the architect explained they want it to have an accessible appearance from the sidewalk. They wanted to avoid a fortress-style place. The construction of lots of glass mixed with stone and steel will give it a very open appearance. And on the sidwalk level you will have 6 restaurants: a Starbucks-style coffee shop, a specialty restaurant, and upscale sports bar, a 3-meal restaurant (all with outside access and sidewalk dining and couple of others, one of which will be indoors.

Groundbreaking on this 13-story above ground (4 story below) will be between April and June 2009.  It will have 1,167 rooms, wil be connected underground to the Washington Convention Center, will have 400 valet-access parking spots. All ugly loading docks will be underground.  They will add a significant amount of green to the wide sidewalk areas around the building–exceeding the city’s requirements. They will be LEAD silver certified.

They also announce that by the the beginning of 2009 they will begin to study and seek approval for their plans to build 2 more hotels of a category they refer to as “urban select” on the land at 9th and L st—preserving all the historical that is there and integrating that into something like Marriott Courtyard or Residence Inn. They no nothing more yet about those.

I am excited about how this hotel will be such a great addition to the neighborhood.  It will increase activity in “the Triangle” and offer more venues for fun.  It will present progress toward connecting better what, up til now have been, “islands” of development (small groups of new stuff that is not connected to other new stuff).  Great things happen when a critical mass of development happens:  stores like Safeway want to open. I see the hotel(s) as a huge contribution to the critical mass needed to secure good growth. I think they are an especially good contribution to the Whitman Condos, Convention Center, M st, Quincy Court on 10th st and Mass Ave etc.  Its presence really fills in what has been becoming trashy—and it seems to sort of “reach out” accross the street to the Cato Institute, 1010 Mass and say “lets warm up this cute area of Mt Vernon Triangle on both sides!

Author: martyhos  September 25, 2008

I have other folks who want to keep cost-per-square-foot down but don’t want a risky developing area. I have two words for them: BROOK LAND. Yes, I know, it’s one word, Brookland. This area has Catholic University of America and related church institutions adjoining it that provide a wonderful anchor for values. Add to that the red line metro station and Abdo’s development of the “piazza”-like small retail shopping and condos/dorms/apartments and you have excitement.  The Indalo is right there in the mix with with 2 bedroom, 2 bath condos architect designed and built condos starting at $324/sq foot.  (Logan Circle is in the upper $500’s/sq ft.)

Author: martyhos  September 25, 2008

Buyers may be skittish but they still want to buy. So they are asking about areas with a good history of established values. My response: Logan Circle and Dupont. But when they see that prices have not budged that much they are shocked. Ok at the same time, the best areas of town to “get in” and own/invest while the market is down are areas that are still re/developing. Then they say—I don’t want that much risk and wait for development. But to keep square foot cost down you usually need to carry more risk and wait more. So….what if I found you a great little piece of equity in Logan at below the average cost/square ft. numbers? Would you look at it? I’m sure you would even be more interested in it if you knew it was one block from there to Whole Foods, Caribou Coffee, CVS, Logan Tavern etc. and 5 blocks to the metro.  (psst!  So here is the little secret: 1317 Rhode Island Ave NW at the historic Rockingham)

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