Showplace Movie Theater May Not Show Face at The Yards Development
✉️ Want to forward this article? Click here.
A year ago, the Forest City-led development team behind The Yards filed a one-year time extension for the portion of a planned-unit development (PUD) that would deliver a 16-screen movie theater. Now, plans for that movie theater may change in a big way.
The developers have applied for another two-year extension citing, among other things, the loss of partner Showplace Icon as the planned movie theater operator. As originally approved in 2014, the PUD would create four city blocks' worth of development at First Street and N Place SE (map), delivering 600 residential units, an expanded Diamond Teague Park, 35,000-50,000 square feet of retail, and 331 parking spaces in addition to the movie theater.
story continues below
loading...story continues above
In the extension request, Forest City states that design and permitting has been held up by construction of the new DC Water headquarters, which uses the parcel (F-1) as a staging area. Also, a lease agreement with Showplace Icon expired even before a time extension was granted last year. While Forest City remained optimistic at the time that an agreement could be made to retain the operator, that no longer seems to be the case.
"Despite efforts to reconstitute that deal, it is clear that Forest City will not be able to proceed with the original approved program for a two-level, 16-screen theater above a four-level parking garage," the application states.
While it may not have 16 screens, the developer does seem to be interested in bringing a movie theater to the site, albeit perhaps a smaller one that is more compatible with the current market. Also, while the plan is still for a 100 foot-tall rectangular building, the design and configuration may end up being quite different.
If the time extension is granted, the development team would have until February 2021 to file for building permits. The ANC 6D voted to support the time extension last month. A Zoning Commission hearing has not yet been scheduled.
See other articles related to: forest city, the yards, the yards dc, zoning commission
This article originally published at https://dc.urbanturf.com/articles/blog/showplace-may-not-show-face-at-the-yards-development/14852.
Most Popular... This Week • Last 30 Days • Ever
A look at the closing costs that homebuyers pay at the closing table.... read »
3331 N Street NW sold in an off-market transaction on Thursday for nearly $12 million... read »
In this article, UrbanTurf will explore the considerations and steps involved in buyi... read »
The most expensive home to sell in the DC region in years closed on Halloween for an ... read »
Paradigm Development Company has plans in the works to build a 12-story, 110-unit con... 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!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro