Real Estate Developments

City Market at O

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Description

The City Market at O Street will be a 1,000,000 SF mixed use development site with retail, a 184 room Cambria Suites hotel which is scheduled to open late 2013/early 2014 (Concord Hospitality will handle this project), 407 market rate rental apartments on both corners 8th Street, and several high-end condominiums. Both housing projects are slated for winter of 2014. There will also be 90 units of affordable housing units for senior citizens included as part of the sites housing plans.

The development project is divided into two blocks. The first block is situated west of 8th Street, and the second block is located east of 8th Street. On ground level of "8th street west" will be 80 surface parking spots to serve Giant Food shoppers and there will also be retail situated on O Street, and two entrances to the below grade parking lot on 9th street. The 72,000 sq ft grocery store will open on November 21, 2013--right before the Thanksgiving Holiday.

The west building will also have a 6,000 sq ft gym for residents with a spa, bamboo floor, state of the art equipment, a deck that overlooks 8th Street for morning yoga, and fitness trainers on-site. The west building will also have a 60 foot Olympic style swimming pool, glass enclosed all purpose room with a demonstration cooking kitchen, movie room, grills and fire pits. The east building will feature a 270-ft dog walk, and a sitting area with views of the city.

The Cambria Suites hotel will have a a large restaurant/bar, ground floor lobby and a jump lobby. 8th Street, NW will be opened as a private street with public access. The street will run from the Convention Center up to Rhode Island Ave.

FHA insured $128,000,000 and DC provided subordinate financing.

Project Details

Type

Mixed-Use

Status

Completed

Address

7th & O Street, NW

City

Washington

State

DC

Zipcode

20001

Amenities

Fitness Center

Construction

New Development

Start Date

4Q 2011

Expected Completion Date

4Q 2014

Developer(s):

General Contractor(s):

Part of this Project?

Consultant(s):
Financier(s):
Source(s):
Roadside Development
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Number of units for rent

407

Number of units for sale

0

Number of affordable housing units

90

LEED Designation

LEED Gold

Project Cost

0

Parking Spaces

Zoning

C-3-C

Hotel Rooms

184

Retail Space

87000

Office Space

0

Square Footage

1000000

Lowest Housing Sales Price

0

Highest Housing Sales Price

0

Lowest Rent Price

0

Highest Rent Price

0

Neighborhood:

Northwest Washington,Shaw

Housing Rental Price Range:

Housing Sales Price Range:

# of Residential Units in Progress:

Hotels Rooms in Progress:

Office Space in Progress:

Retail Space in Progress:

Closest Metro Station:

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    Closest Grocery Store within 1 mile:

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          Project Consultant(s):

          Project Financier(s):

          Sources:

          Roadside Development