While the Wharf made a splash as it began delivering on the northern banks of the Anacostia River last year, The Yards has been a quieter companion on the other side of South Capitol Street. Now, developer Forest City is seeking a one-year extension on the portion of a planned-unit development (PUD) that would bring a movie theatre to the neighborhood.
The PUD would create four city blocks' worth of development at First Street and N Place SE (map), delivering a Showplace Icon movie theatre, 600 residential units across two buildings, an expansion of Diamond Teague Park, 35,000-50,000 square feet of retail, and 331 parking spaces across a four-level garage.
The 235,130 square-foot site is currently occupied by DC Water, which is relocating to an under-construction headquarters across the street at the O Street Pumping Station. The PUD was originally approved in February 2014 and extended in November 2016; an additional one-year extension would give the developers until February 2019 to file building plans.
Forest City representatives reported at an ANC 6D earlier this month that while the lease for the movie theatre had already reached its expiration point for build-out, the tenant had not exercised its right to be released, leaving them cautiously optimistic that plans for the theatre remain on track. The ANC voted unanimously to support the one-year extension.
This article originally published at https://dc.urbanturf.com/articles/blog/forest-city-files-for-extension-of-the-yards-development/13462.
Most Popular... This Week • Last 30 Days • Ever
Here's what you need to know about reporting profit made from the sale of your home.... read »
Crescent Communities recently filed plans with Montgomery County for Novel Bethesda, ... read »
Eights month after a new proposal to redevelop part of the Takoma Metro station was p... read »
As we approach the end of the year, UrbanTurf is taking a final look at the DC neighb... read »
On Tuesday, the Federal Housing Finance Agency announced an increase to mortgage loan... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
To help home buyers and sellers both novice and seasoned, UrbanTurf is running a seri... read »
The development for four parcels at The Yards from Brookfield Properties and the Menk... read »
Plans for the New York-based eatery appear to be moving forward.... read »
The zip codes that are home to Brentwood, Takoma Park and sections of Hyattsville top... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro