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Wednesday, July 08, 2009

Pipeline: The Jazz @ Florida Avenue

Last week while walking down Florida Avenue east of Ninth Street, a friend asked me about the development plans for the three WMATA parcels. Last I heard, WMATA selected Banneker Ventures LLC, Metropolis Development Company, LLC, and District Development Group, LLC to develop the parcels.

Coincidentally, the day after my friend asked me about the parcels, I saw this Washington Business Journal article about developers of affordable housing projects seeking a portion of the $33.7 million that the city will receive in federal stimulus money from the Treasury Department. The article names a handful of developers seeking funding and the projects for which the funding is sought. The WMATA Florida Avenue project is one of the projects listed and, for the first time, I learned the name of the project: The Jazz @ Florida Avenue. The article states that Banneker Ventures LLC and Bank of America CDC are the parties seeking funds on behalf of The Jazz @ Florida Avenue.

I did a little more digging and found a few additional details about the project. In conjunction with the application for stimulus funds, the developers submitted this Project Narrative (PDF). It is 14 pages long, so I'll just share a few of the sound bytes most interesting to me:
The Project will include three adjacent buildings, featuring a total of 124 apartments and 20,000 square feet of ground floor retail. The Project will also feature one level of below-grade parking in each building, containing a total of 61 parking spaces, as well as public plazas fronting 8th and 9th Streets, NW and Florida Avenue, NW. The development will be a mixed-income project where at least 20% of the total residential units will be affordable at 50% of area median income. . . . The unique floor plans and stylistic finishes include 9 foot ceilings, in-unit laundry, granite countertops, and ceramic kitchen tiles.

. . . .

The Project will entail three newly constructed buildings, each including residential apartment units and retail space. A graceful sequence of new distinct glass and brick buildings will give a rich and varied texture to the 7th Street/Florida Avenue/U Street urban fabric. Each of the buildings will have four stories of residential units. . . . Each building will have private residential courtyards located over the retail which will provide enjoyable outdoor recreation space for the residents. . . . The retail space, consisting of 20,000 total square feet, will be spread out on the ground floor of each building.

. . . .
Torti Gallas and Partners are the architects of the project. According to the application for funding (available here in PDF), Construction should start in May 2010.


Scott Roberts of Bloomingdale said...

It should be noted that these properties are located within the Greater U Street historic district. So there will be some design review of the project.

Anonymous said...

Sendar's son selling ice cream. How bout the dad starts selling vacant properties?