2004-2008 saw a resurgence in development along 14th Street, particularly north of U Street. And while the 2008 financial collapse saw indefinite holds placed on several key developments (including the redevelopment of the since-demolished Nehemiah Center), there are signs that the development freeze is beginning to thaw.
Last week, it was announced that Perseus Realty, which since 2008 had planned to develop a project--the so-called '14W"--at the intersection of 14th and W streets had sold the project for $7.5 million to Jefferson Apartment Group (JAG), and that the project should commence within the month. Perseus will stay on as developer for the project.
To recap, the 14W will include 231 housing units, a 44,000 sf YMCA and 12,000 sf of retail. 18 of the housing units will be offered as affordable units for individuals and families making up to 60% of the area's AMI. (Note: This equates to roughly $62,000/yr. I remain unconvinced that these so-called affordable units function as they should, as though said units are indeed less expensive than their full-priced cousins, they're rarely what one could consider to be inexpensive. The recommended maximum monthly amount that should be spent on housing expenses is roughly 30% of gross income, or around $1,550/month. It's challenging, but not impossible, to cover all of your housing expenses, even with an "affordable unit," on that. But that's another discussion for another time.)
Assuming the project begins as quickly as they are hoping it does, expect a delivery sometime in mid-late 2012.
The 14W is but one of several projects set to come online along 14th Street. A few blocks south, JBG continues to await demolition permits in order to commence its mixed-use project at 14th and S. And last month, developer Douglas Jemal announced plans to construct a 30 unit apartment building with groundfloor retail at the decrepit and vacant former home of Latino Auto Sales at 14th and Florida (along the same block as the 14W project). Under the most optimistic (read: unlikely) of scenarios, Jemal hopes to break ground on that project by next summer.
Sunday, December 5, 2010
14th Street Facelift Continues: Commencement of 14th and W Project Imminent
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Mr. Other Upper NW
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1:51 PM
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Labels: 14th Street, 14w, development, florida avenue, jefferson apartment group, jemal, perseus realty
Friday, October 8, 2010
Green Pets and Dogs By Day Moving, Changing Names
Last year, we reported that local pet store Green Pets, which used to be located at 1722 14th Street (next to Cork), was searching for a new home. Although they hoped to stay in the neighborhood, Green Pets owner Linda Welch was uncertain as to whether a suitable location could be found.
We're proud to report that they in fact have found a new home, and happily will be staying in the neighborhood. Green Pets will reopen soon under the name Planet Pet in the former Mar Del Plata space at 1410 14th Street, just a few blocks south of their (old) location. Green Pets' companion shop, Dogs By Day, is also relocating, albeit farther north. It will also be named Planet Pet and will be located at 1711 Florida Avenue in Adams Morgan, in the ground floor of The Park condo building.
As reported on Borderstan, the Adams-Morgan location opened last week, while the boutique at 1410 14th Street is set to open in November.
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Mr. Other Upper NW
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10:59 AM
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Labels: 14th Street, adams-morgan, florida avenue, greenpets, linda welch