182-Unit Florida Avenue Project Will Start Construction Next Year

• February 5, 2014
• 5 Comments

by UrbanTurf Staff

Rendering courtesy of WDG Architecture.

Plans for a major mixed-use development at 50 Florida Avenue NE (map) appear to be moving forward, with a construction start date of early next year.

“We have an approved PUD based upon 182+ residential units and approximately 7,500 square feet of retail,” Andy Viola of Bush Construction told UrbanTurf. “Amenities will include a pool, at the second floor level, a business center, a community room, a fitness center, below grade parking with 215 spaces and storage. We are in the throes of design with the intent of obtaining permits to commence construction some time in the first quarter of 2015.”

UrbanTurf first reported on this project back in 2011, when B&B Realty Investment purchased the 62,000 square-foot warehouse at the address. Not long after, we learned that the firm had started shopping the fully-entitled project; it appears they found a buyer in Bush Construction.

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This article originally published at http://dc.urbanturf.com/articles/blog/182-unit_florida_avenue_project_will_start_construction_next_year/8090

5 Comments

1. Seth from Montgomery County said at 2:23 pm on Thursday February 6, 2014:
   Are there any other large projects in the pipeline between the Shaw and NOMA neighborhood on Florida Ave.? As there are many gas stations, post offices, empty lots, and a lot of abandoned storefronts and dead zones?

1. Chris in Eckington said at 3:09 pm on Thursday February 6, 2014:
   Seth, there are plans for a 60-some unit building at the corner of North Cap and Florida, NW, but it's anybody's guess when (or if) it will get built. It's owned by Joe Mamo, the gas station mogul, and he just requested another two-year extension. I doubt he has the funds to build it himself and is probably shopping it around to developers, much like this project.

1. tom said at 6:01 pm on Thursday February 6, 2014:
   All these new developments/luxury apartments are popping up, but yet there are still so many vacancies in the already newly built luxury apts across all of DC. Who do they think is moving there? There isnt one new building (H st, Mass ave, Navy Yard, Florida Ave) that has rented out all their apts. I just dont get it.

1. Chet Wetworth said at 6:34 pm on Thursday February 6, 2014:
   Tom, correct. But the other side of the coin is going condos...which would sell because the pipeline shows demand will still be in place once the developer begins construction in one/two years +/-. These developers building apartments are going to begin to lose their shirts. Just go look at the reports the Delta Group releases.

1. Jeffrey Houndsworth said at 11:08 pm on Friday February 7, 2014:
   I don't understand the apartment thing either. Prices for apt is falling. It seems like condo demand is being unmet. Could it be that it's easier to get an apartment approved by the DC government? Prices for condos/row houses in DC have gone up so much. I feel like there's a bunch of speculation going on and now that the wars are winding down, stimulus is pairing back and the private sector in other cities are starting to return, the allure of DC is decreasing. A lot of people at my consultancy have left the city for jobs in SF/NY and everywhere in between. Seems like these same highly educated people were hard pressed to find jobs in 2009, so they came to DC because it was expanding. Maybe I'm wrong?