Capital City unveils its Buzzard Point vision, Peninsula 88

Posted by Juline Kaleyias on

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.

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Take a peek inside the construction of the REI flagship at Uline Arena

Posted by Juline Kaleyias on

Outdoor retailer REI will open a flagship store in the District on Oct. 21, and the team behind its buildout is making progress at the one-of-a-kind site: the historic Uline Arena.

The project in Northeast D.C.’s NoMa neighborhood at Third and M streets NE will transform the storied venue where The Beatles had their first U.S. concert into the home of REI’s fifth flagship store nationwide — a 52,000-square-foot, $35 million lease from Douglas Development Corp.

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NoMa pedestrian tunnel part of Union Market developers’ larger plans, proposed bond package

Posted by Juline Kaleyias on

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.

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Employees at REI’s new D.C. flagship will see higher wages, maybe predictive scheduling

Posted by Juline Kaleyias on

Outdoor gear retailer REI Inc. will bump up the pay for many of its Washington-area employees and plans to start new employees at its forthcoming flagshipstore at rates commensurate to that higher pay, company executives said last week.

The move, which will increase pay for REI employees in several high cost-of-living cities by anywhere from 5 to 15 percent, comes after more than 2,000 people signed a petition launched by REI employees calling for “guaranteed stable hours, a three-week advance notice of schedules, a guaranteed living wage and more full-time opportunity.” (All the signatories are not necessarily employees of the outfitter; anyone can sign the petition and 299 of those who have signed self-identified as REI employees, according to a spokesman for Coworker.org.)

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MRP rolls out next phase of a waterfront project next to Nationals Park

Posted by Juline Kaleyias on

With Dock 79 a month from opening, MRP Realty is advancing plans for the second phase of the Florida Rock overhaul on the banks of the Anacostia River, immediately south of Nationals Park.

MRP, with partner Florida Rock Properties Inc. (a subsidiary of FRP Holdings Inc.), has filed plans for 71 Potomac, a 253-unit multifamily building with 12,500 square feet of ground-floor retail and 274 underground parking spaces — one level of which would serve the ballpark and the D.C. United stadium on Buzzard Point. It will be constructed on the west side of Dock 79, a 305-unit apartment building with 20,000 square feet of retail scheduled to deliver in August.

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