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The Residential Rundown in (And Around) NoMa

by Shilpi Paul

In this development rundown, we’re looking at the many residential projects going up in and around NoMa. According to the NoMa BID, the neighborhood will have a total of 10,053 residential units once the area is completely built out. Here is a rundown of the projects in the planning stages or under construction in the neighborhood. Check out our other recent development rundowns around the city at the bottom of the page.

Note: We realize that we may have missed one or two projects, so just send an email to editor2013@urbanturf.com and we will add it in.


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Camden NoMa

The entirety of Camden NoMa, located at 60 L Street NE (map), will total 740 rental apartments, including studios, one-bedrooms and two-bedrooms. Developers Camden Property Trust is expected to deliver the first phase, with 320 units, within the coming months. The building was designed by WDG Architects and will include amenities such as a rooftop pool, a cyber cafe and a billiards room.


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77 H Street

Most notable for its (planned) retail tenant Walmart, 77 H Street will also be delivering within a few months. The building, developed by the JBG Companies, began construction in early 2012, and will have 303 residential rental units and 10,000 square feet of retail in addition to the Walmart. Two levels of below-grade parking have also been created.


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2 M Street

2 M Street, a mixed-income project from W.C. Smith, is also set to deliver by the end of the year. Among the 314 residential units, including studios, one-bedrooms and two-bedrooms, are 93 affordable units. The building will be quite green, with an electric car charging station and solar panels. Amenities include a basketball court, a dog park, underground parking and a private theater.


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50 Florida Ave NE

In June, B&B Realty submitted a PUD for 50 Florida Avenue NE (map), which will one day be a nine-story mixed-use project. Working with WDG Architects, B&B has planned a project with 182 residential units, ranging from one-bedrooms to two-bedrooms with dens, and 210 parking spaces. The project is still several years out.


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Elevation at Washington Gateway

Washington Gateway is a massive project from MRP Realty currently under construction at the intersection of New York Avenue and Florida Avenue NE. Elevation at Washington Gateway is the residential component, which will include 400 apartments in a 14-story, glassy building. The apartments are expected to deliver in 2014.


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Click to enlarge

Capitol Point

The JBG Companies has begun work on their Capitol Square project, a two million-square-foot development at 33 New York Avenue NE (map). While the first phase will include a Hyatt Place hotel, the residential component will eventually bring 375 units to the area.


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Northwest One

Northwest One is a New Community project that intends to turn five low-income housing complexes into a 1,600-unit mixed-income development. The site is located between North Capitol Street, New York Avenue, New Jersey Avenue and K Street. Development partners include W.C. Smith, Jair Lynch and The Warrenton Group. Work has begun on the first phase, which will include 314 apartments; 59 of the units will be set aside to those making below 30 percent of AMI, 34 units for those making 60 percent, and 221 will be market rate.


300 M Street

300 M Street (map) is a property owned by The Wilkes Company, which is considering putting 350 residential units, 200,000 square feet of office space and 25,000 square feet of retail at the address. In 2012, Sandy Wilkes also proposed perhaps putting an academic village at the site.


NoMa Station

NoMa Station is a planned project from the Bristol Group located on 1st Street, between M and L Streets NE. Once completed, the second phase will include 700 residential units, 700,000 square feet of office space, and 50,000 square feet of retail.


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North Capitol Commons

North Capitol Commons, located on North Capitol between L and K Streets NE, is currently in the planning stages and the plans have been working their way through various agencies over the past year. The 124-unit building was designed by local architecture firm Sorg and Associates, and is being developed by Be The Change Development Corporation and Community Solutions. The affordable housing complex will set aside half of the 111 units to those making 60 percent of the AMI or below, and half for veterans.


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Storey Park

Storey Park is a project from Perseus Realty and First Potomac Realty Trust. The site is located at 1005 1st Street NE, and will eventually contain 712,000 square feet of office, residential and retail development. 350 residential units and 900 parking spaces are planned. Delivery is estimated for 2016 and the development will be designed by HKS Architects.


100 K Street

A few blocks away from First + M, Archstone (now owned by Equity Residential) bought up 100 K Street NE with the intention of turning it into a 206-unit residential building. The building is still in the planning stages.


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Union Place

Union Place, a block-sized complex on the square bounded by 2nd Street, 3rd Street, K Street and L Street NE, includes several residential components. The first, which has already delivered, was the Loree Grand, a 212-unit apartment building. Their next phase, which has already been approved and is now owned by Toll Brothers, will involve a couple more buildings bringing a total of 500 residences. Developers The Cohen Companies recently bought up the final plot of land on the northeast corner of the block and hope to eventually build a 41-unit apartment building on the site.


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See other articles related to: noma, dclofts

This article originally published at http://dc.urbanturf.com/articles/blog/the_many_residential_projects_on_tap_in_noma/7449

14 Comments

  1. jtedc said at 12:13 pm on Tuesday August 13, 2013:

    I don’t understand the math on NW1

    “Work has begun on the first phase, which will include 314 apartments; 59 percent of the units will be set aside to those making below 30 percent of AMI, 34 units for those making 60 percent, and 221 will be market rate.”

    59% of 314 is 185 units.  But 185 plus 34 plus 221 is 440 total units.  Are there 314 total units or 440 or some other number?

  1. mathishard said at 12:18 pm on Tuesday August 13, 2013:

    59+34+221=314

    So obviously thats 59 UNITS for below 30% of AMI.

  1. Shilpi Paul said at 12:19 pm on Tuesday August 13, 2013:

    Hi jtedc,

    Yup, the word “percent” after 59 was a typo. We’ve removed it—thanks for the note!
    Shilpi

  1. jtedc said at 1:26 pm on Tuesday August 13, 2013:

    Thanks, Mathishard and Shilpi. And an extra thanks for being polite, Shilpi.

  1. Chip Rogers said at 2:16 pm on Tuesday August 13, 2013:

    50 Florida Ave is for sale, B&B purchased and entitled the project only.

  1. Sean said at 2:33 pm on Tuesday August 13, 2013:

    Does anyone think they’re overbuilding rentail units?  Seems to me the supply is going to outstrip demand - if it hasn’t already.

  1. UrbanSmurf said at 3:36 pm on Tuesday August 13, 2013:

    LOL.  “Rundown” is certainly the right word when referring to NoMa.

  1. 11luk said at 2:04 pm on Wednesday August 14, 2013:

    So they aren’t building a single condo?  Seems bizarre to me given that rental rates have sort of leveled off over the past year or so, but costs for condos keep going up and up.  Would be interested if someone would do some reporting and try to understand why every single one of these developers is sticking with its guns to do rental.

  1. The Editors said at 3:09 pm on Wednesday August 14, 2013:

    11luk,

    Here is a comment from a previous article on condo supply in the region that will shed some light on why developers are not switching these projects to condo from rentals:


    “It’s easier to get financing these days to build apartments and most of the apartments under construction are too large to switch to condos under current circumstances. Settlements at new condo projects can’t begin in most cases until 50% of the units are under contract, which means a developer of a newly delivered larger apartment project, say a 300-unit building, would have an empty building until 150 units are sold.  Carrying costs for a 300-unit building are significant and since the average monthly sales pace for a new condo project is currently about 6 units per month, it would take about 2 years to sell 150 units.  The financing rules were more lax back in 2004-05 when a lot of larger apartment buildings switched or converted to condos.”

    Hope this helps.

    The Editors

  1. Intheknow said at 4:49 pm on Wednesday August 14, 2013:

    You are double counting a little because NW1 and 2M are the same thing.

  1. Intheknow said at 4:52 pm on Wednesday August 14, 2013:

    Correction - the development you mention as the first phase in NW1 is, in fact, the 2M project that you mentioned above….

  1. reward said at 8:48 pm on Sunday August 25, 2013:

    when a developer builds a rental unit he can create cash flow and depreciation.  all the big companies are chasing yield. Also when you have an unhappy renter they move.  When its an unhappy condo owner you have a lawsuit. So,  why?  Risk and Liability is why.  Oh and taxes and depreciation as the cherry on top.

  1. Crystal Ball said at 4:22 pm on Monday August 26, 2013:

    When the largest apartments are 2BR and most are studio and 1BR, you’re pretty much writing off the possibility of families living here, which means you’re creating Crystal City. Way to go, NoMaBid.

  1. Amess said at 12:01 pm on Thursday September 12, 2013:

    There really should be some sort of rule against renderings like the one at Storey Park. It looks like Times Square. Nope.

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