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Plans for Old Italian Embassy Snagged
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About half of the 79 units had committed tenants, said Whayne Quin, attorney for the developers. Because of the delay, the buyers can get their deposits back.
Poplar Point Plans
The Anacostia Waterfront Corp. last week showed neighborhood residents preliminary plans for redevelopment at Poplar Point. The property, across from the Washington Navy Yard on the east side of the Anacostia River, is expected to be transferred from the federal government to the District after Senate approval next month, said Adrian Washington, AWC's president and chief executive.
The project would include a mix of high- and low-rise rental buildings and townhouses, retail and park space. The land also could be the site of a D.C. United soccer stadium or a hotel.
The meeting was the first in a series of community forums about the 110-acre park, more than half of which will remain open space. Washington said the AWC should have a draft proposal by year-end, and he hopes to present it to the D.C. Council early next year.
In past discussions, many residents favored a soccer stadium. D.C. Council member Marion Barry (D-Ward 8) initially opposed a stadium but later supported it.
Arrington Dixon, chairman of the Anacostia Coordinating Council, a neighborhood volunteer group, said his priority was that the project not be separated from the rest of Anacostia.
"We do want to nurture the existing residents and businesses of Anacostia," said Dixon, a lifelong neighborhood resident. "We don't want something that won't give us positive feedback."
City Vista Moves Ahead
Lowe Enterprises Real Estate Group has begun the second phase of City Vista, a $200 million residential and retail development at Mount Vernon Triangle. The finished development will include two condominium buildings and one rental apartment building.
The developers said the first phase, an 11-story condo building, will be ready next spring. The other two buildings will be completed in mid-2008, as will the retail portion of the project facing Fifth and K streets NW. It will include a 55,000-square-foot Safeway supermarket, said Jeff Miller, a senior vice president with Lowe Enterprises.
The first building is 75 percent sold, Miller said, despite signs of a slowing market for condos.
"I think buyers have been hearing enough bad news . . . but being a well-located project, I think that helps," he said. "I would not want to be a condo developer out in Centreville right now."
Staff writer Dana Hedgpeth, who covers commercial real estate and economic development, contributed to this report. Her e-mail address ishedgpethd@washpost.com.
