785 Lamont St. NW: New construction from The Holladay Corp. of a four-story, eight-unit apartment building on a parking lot adjacent to the former Alsco plant and Linens of the Week buildings. This is only the beginning for Holladay Corp. on this Park View block. Permits are still to come for the conversion of the Alsco plant into 77 units, and for a big addition to the Linens of the Week building totaling 139 units.
REI is coming, plus more than 300 new apartments and the Mothership
1140 Third St. NE: Tenant buildout to 52,123 square feet of retail space on the first and second floors of Douglas Development Corp.’s renovated Uline Arena, to include retail area, cafe area, cashier space, fitting rooms, offices, restrooms and stockrooms. This is, of course, for the incoming flagship REI location, with an accessory, 1,001-square-foot, 24-seat prepared food shop. REI is expected to open late this year. The Uline project also includes 174,000 square feet of office.
Crane Watch: The biggest construction projects in Washington
Welcome to Crane Watch, our interactive map with details of every major construction project underway in the District — name, address, description, size, architect, cost (where we have it) and expected delivery.
With these first 85-odd projects, we have accounted for more than 13,000 residential units, roughly 4 million square feet of office space, more than 1,200 hotel rooms, hundreds of thousands of square feet of retail — and one proton therapy center. They are in the ground, or going vertical, right now.
Bisnow Honors Bay Area Power Women: Part 2
Angel Brunner, Founder and President, EB5 Capital
Angel Brunner remembers her fight to fund two new Marriott hotels at the San Jose International Airport during the last downturn. Though fully entitled and flagged, the project failed to get financing because of the market’s paralysis at that time. Nevertheless, by working long and hard with the City of San Jose, the hotel industry association and the Department of Commerce, Angel was able to make a case that hotel projects create jobs, and successfully secured EB-5 financing to help develop the first new hotel in 20 years for that submarket of San Jose. Angel credits her ability to complete projects to her training in finance, economics and urban planning, as well as deep experience in effectively building an innovative capital stack. Even so, assuring her development partners that the regulatory framework surrounding foreign capital investment will remain predictable is an ongoing challenge. As an international adventurer, Angel takes an occasional hike of the Great Wall during her regular trips to China, or opts for visits to exciting places like the world’s tallest treehouses in Laos.
Shaw is Awarded ‘Great American Main Street’
Shaw is now the third community in Washington, D.C. to win the Great American Main Street Award, reported Borderstan. Alongside H Street and Barracks Row, Shaw Main Streets has been recognized for revitalizing the commercial corridors along 7th and 9th streets NW. There are over 50American communities around the United States that have won the award since 1995. By winning, these communities serve as examples for comprehensive, preservation-based commercial district revitalization, according to the Main Street America website.