Outside of The Wharf, NoMa likely has the most ongoing construction within a three- or four-block radius in the entire region at this moment.
Q&A: Roadside Development’s Richard Lake on What’s Next for Shaw
Bisnow: When did Roadside start developing in Shaw?
Richard: We bought the O Street Market, which was four acres, in 2001. So we’ve been involved in planning projects in Shaw since late 2000. Our footprint now is big in Shaw and we’re very happy to be playing in that sandbox.
Bisnow: Describe Roadside’s current work in Shaw.
Richard: City Market at O is 80% complete. It will be 1M SF of development, including 640 residential units, with 90 of them affordable housing for seniors, a 182-room Cambria Suites hotel and nearly 100k SF of retail. We’re under construction on the last tower, which is 143 units. We’re also planning a 72-unit condo project at the corner of 8th and O streets, and redeveloping the old Grimke School on Vermont into a residential, retail and community complex.
Norman Jemal on How Douglas Signed Uline Arena’s First Office Tenant.
Before the storm hit on Friday, Douglas Development Co announced it had signed Spaces, a creative co-working concept owned by Dutch firm Regus, to occupy 44k SF in its redevelopment of Uline Arena in NoMa.
Spaces will have the whole second floor of, as JLL managing director Evan Behr calls it, the “once-in-a-lifetime office space.” The office space has a 40×40 column grid and up to 18-foot ceilings, Douglas principal Norman Jemal (snapped above on the right next to his brother, Matthew) told Bisnow on Friday.
Shaw mixed-use complex sells for $141 million
Jefferson Marketplace, a 281-unit mixed-use project in Shaw, has a new owner in what may be among the biggest real estate deals ever in the booming neighborhood.
Dallas-based Invesco Real Estate has acquired the year-old property at 1550 Seventh St. NW, developed by McLean-based Jefferson Apartment Group, for $141 million, or roughly $501,779 per unit. The property also includes 13,400 square feet of retail — Beau Thai, Unleashed by Petco, French wine bar La Jambe (coming soon), Grand Cata Latin Wine & Market (coming soon), and an incoming yoga studio.
This new Shaw rooftop will feature a waterfall, sunning stone and boardwalk.
When you hear waterfall, boardwalk, reflection pool and organic garden, perhaps your mind wanders to a luxury seaside resort. Maybe Hawaii, or Southern California.
Bring it home. This will be a rooftop in Shaw.