The mixed-use proposal that The JBG Companies has in mind for a site bounded by N Street NE, 1st Street NE, M Street NE and North Capitol Street (map) got the green light from the Board of Zoning Adjustment earlier this week. The Chevy Chase-based firm is proposing a development with residential units, office and retail space as well as a seven-screen movie theater on a site that currently consists of a surface parking lot and two office buildings.
The residential portion of the new project would consist of a 12-story tower with a total of 210 units. The office component would be an 11-story tower with 382,000 square feet of space. A seven-screen movie theater with approximately 1,200 seats would be located below ground. Four levels of underground parking with a total of 245 spaces will be constructed. The retail on site would total approximately 28,000 square feet.
Among the approved variances, the development team received an exception from the number of parking spaces required on-site. Based on the size of the proposed development, 419 parking spaces are required per Zoning requirements, and JBG pointed out that this would require excavating seven levels below ground.
The new proposed development is just the latest project for JBG in this section of DC. The firm is also partnering with Boundary Companies on a 691-unit mixed-use development near the intersection of New York and Florida avenues NE.
This article originally published at http://dc.urbanturf.com/articles/blog/mixed-use_project_with_residences_retail_office_space_and_movie_theater/10656
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