Friday, March 5, 2010

Couple of 14th Street Projects Stalled

To some, the pace of development along 14th Street shows no signs of slowing: Room and Board continues to plug away at their building at 14th and T, the Copperstone Building near 14th and N is prepared to host tenants in its rehabbed structure, and new restarants and other businesses continue to pop up all along the corridor.




















However, a few large scale projects are currently stalled, with no immediate plans for moving forward. Recently, we wrote about the problems being faced by the Central Union Mission and its efforts to find a new home in order to clear the way for a redevelopment of the massive 14th and R space. North of U Street, two additional projects are mired in the lack-of-financing quicksand, and show no signs of getting off the ground anytime soon.

Up at 14th and W, the long-awaited "14W" project remains little more than a pile of gravel surrounded by a chain link fence. The project officially broke ground in September 2008--which, for those keeping score, was right around the time the economy took a nosedive. As reported on DCMud, Brian DuBose, a spokesperson for Ward 1 councilmember Jim Graham indicated that "nothing is happening" with the project, since financing has not been obtained. The 236,000 sf apartment project was also slated to have in excess of 12,000 sf of retail space, along with a new YMCA.

While the plans for the building remain in place, it's looking increasingly unlikely that anything will move forward prior to the end of the year.

Almost across the street, the same fate has befallen the large, vacant space that once was the blighted Nehemiah Shopping Center. The Center--one of the most egregious examples of ill-advised urban development--was torn down in order to make way for the massive apartment project, which was to include over 250 units along with 17,000 sf of retail space. Unfortunately, financing problems here have also crept up and put an indefinite hold on the project.

You may recall that the lot was originally purchased by DC-based Level2 Development, the same team that is currently putting the finishing touches on View 14 at 14th and Florida. However, in 2009 they sold the development rights to Texas-based UDR in order to focus on the View 14 project.

9 comments:

LoganRes said...

It's ironic you post this on the same day that WBJ reports that a major residential project on 14 St. is actually moving forward (although no gurantees on a 2010 groundbreaking)

http://washington.bizjournals.com/washington/stories/2010/03/08/story2.html?b=1268024400^2979111

Mr. 14th & You said...

Wow--I hadn't even seen that. Thanks for sharing. This area is funny sometimes...

Anonymous said...

JBG is demoing the interior of the old laundromat right now

Totten Life said...

There were similar problems up here in NE concerning the Ft. Totten Square Project, UDC Project and the Art Center project. They always start out hard with the advertising but then usually end up stalling for a year or so until the red tape is cleared.

Simon Landau said...

Hopefully everything gets worked out, these could be very beneficial to the area.

M said...

Does anyone know what happened to the U st. hotel project. did the neighborhood NIMYBs torpedo it?

Mr. 14th & You said...

The economy--not any neighborhood residents--has torpedoed the U Street hotel, at least for now. There's simply no financing available. Personally, I wouldn't hold my breath waiting for any news on the Hotel project. That project is likely to be years away.

William said...

Anyone know what's happening at the old 14 and Q drycleaners? Looks like there is progress.

Anonymous said...

Nehemiah Shopping Center wasn't "blighted", just obsolete. But, now it's just an empty lot for the foreseeable future.

Is that a step forward? Which would you prefer?

If it's still an empty lot after 3 years, will your opinion change?

Just wondering...