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
UrbanTurf created Pipeline, a searchable database of multifamily projects that are un... read »
As we head towards the end of the year, UrbanTurf is wrapping up its coverage of larg... read »
Capitalization challenges are to blame for the Madison Highland Live/Work Lofts at 70... read »
Today, UrbanTurf is looking back at the three priciest homes to sell in the DC area t... read »
Today, UrbanTurf takes a look at the distinct differences between these two popular f... read »
A new report out this week found that homes in the DC region are selling nearly a wee... read »
Today, we will take a look at the close-in Northern Virginia zip codes where prices h... read »
DC's Board of Zoning Adjustment approved the requested relief for a planned 32-unit c... read »
When Amazon announced in 2018 that it would be opening a second headquarters in Virgi... read »
A revised plan is on the boards for a group of five townhouses in the middle of China... 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. Start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro