Riegler and Stifel became buddies in college when Riegler was at the University of Colorado and Stifel at the University of Denver. “Kevin was in Boulder and I was in Denver, but Kevin’s next-door neighbor in his freshman dorm was my best friend, so we hung out together a lot,” says Stifel.
The two later moved to the District, co-founding CAS Riegler, which develops residential and mixed-use projects in the city. They soon connected with Heisey, who co-founded Snead Construction with Stifel, and Reger, partner and founder of the JCR Companies, which leases retail space.
“The JACK Group will share overhead and back house accounts, but we’re each keeping our separate companies, too, in case we want to do projects that the others aren’t interested in,” says Stifel. “It’s a big advantage to share equity sources and banking relationships.”
The JACK Group’s first project, the sold-out Lock & Electric Lofts mixed-use development at 1324 14th St. NW, has five luxury condominiums above 4,900 square feet retail of space. “Top Chef” contestant Bart Vandaele will operate the B Too Restaurant there, set to open by May 1. The JACK Group also is converting the 100-year-old former Edmonds School on Capitol Hill into condominiums.
One of the first projects they did together was to renovate their new digs, the century-old mansion.
“We loved the character of the building and the ability to change it for our needs,” says Stifel. “Two of us have fireplaces in our offices, and the other two have offices inside the turret. Our conference room is on the lower level of the turret and has a fireplace. We made a beautiful custom giant table out of joists reclaimed from the Edmonds School for the conference room.”
vMortgage rate: The 30-year fixed rate fell this week from 3.43 percent. Rates dropped for the third week in a row as a result of weak consumer spending, according to Freddie Mac chief economist Frank E. Nothaft. Page 11
Firm adds landscape planning to the fold
Beasley Real Estate, a boutique firm in the District, is looking to become a one-stop shop for its high-end clients. Rather than merely market luxury properties and send clients elsewhere for renovation services, Beasley is seeking to provide that expertise in-house.
The firm has recently added to its roster Bob Bell, president of Bell Design, who will provide landscape planning for Beasley’s clients.
Bell, who has more than 14 years of landscape design experience, has worked around the world on projects for individuals, corporations and for the U.S. government, designing embassy compounds in Asia and the Caribbean. Locally, he has created a master plan for a garden on a one-acre site in Georgetown, designed roof decks and terraces for numerous homes and condominiums, and restored meadows on three waterfront residences on Maryland’s Eastern Shore.