A Stockholm-based developer is bringing a touch of Scandinavia to NoMa.
Skanska USA Commercial Development has just started work on its first residential building in Greater Washington, what it calls Resa — the Swedish word for “journey.” The 12-story, 326-unit luxury building, with 10,000 square feet of amenity space and 7,000 square feet of ground-floor retail, will be located at 22 M St. NE.
Kettler Inc., the master developer behind the proposed Market Terminal project near Union Market, has sharpened its vision for the massive development ahead of what should be its final approval.
The 1.25 million-square-foot, two-phase project, scheduled for an Oct. 20 hearing before the D.C. Zoning Commission, is planned for a 5-acre site south and east of New York Avenue and west of Fourth Street NE. The assemblage, less than two blocks west of the Union Market building, is home to a series of warehouses, only one of which is owned by Kettler.
When JBG Companies purchased three large parcels of land five years ago in the District, the developer had trouble pitching its luxurious urban vision in the Shaw neighborhood to prospective retailers.
Most of the prospective businesses assumed that the project was a half-mile south in Shaw, home to a burst of high-profile new development.
The Buzzard Point boom continues.
Capital City Real Estate has unveiled its plans for a 110-unit, eight-story waterfront condominium building it is calling Peninsula 88. The developer paid $9.8 million for the site, bounded by First, V and H streets SW, in December.
Surrounded by water on three sides, the project will feature unit sizes ranging from 700 to 1,400 square feet, with prices in the $500,000 to $1.5 million range. The building, designed by Eric Colbert & Associates, will include 1,800 square feet of ground-floor retail.
A proposed pedestrian tunnel in NoMa linking the east side of the railroad tracks with the NoMa-Gallaudet Metro station may not be a pipe dream after all.
Behind the scenes, a team of Union Market-area developers has asked the District to approve a tax-increment financing packaging that includes $22 million to finance construction of the tunnel.