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Funding goes to Metro parking
Question of the Day
Planners say they will allocate about $11.2 million in federal money for transit-oriented development in the District. The funds will be used to revitalize areas around Metro stops in Anacostia, Columbia Heights, the U Street-Cardozo corridor and Rhode Island Avenue.
Much of the money will go toward parking at projects under development. For instance, $2.5 million will be set aside for parking at the Tivoli Theater in Columbia Heights, and $1.4 million will be used to speed up the construction of a parking garage at the Rhode Island Avenue Metro stop. Also, $1 million will be used to create 55 parking spots at U Street-Cardozo.
The money was made available to the District through the Transit Infrastructure Investment Program, in which a portion of proceeds from Metro’s sale of real estate is set aside for transit-oriented development. Metro created the program in 2000 with an initial $30 million deposit; it is expected to double in size by 2007.
The District has requested another $6.3 million in federal money for 2004, including $5 million for a light-rail system in Anacostia.
D.C. wants lease
The D.C. Office of Property Management requested that developers submit proposals for the lease and redevelopment of the old Navy hospital in Southeast.
The District said it would like one tenant to sign a 20-year lease at the 30,000-square-foot dilapidated property, which served as a naval hospital from the Civil War until 1911. The deadline to apply to be a tenant is Dec. 1. Applicants who plan to offer community-oriented services and space on the site will be given priority consideration. The selected tenant will be required to begin revitalization of the property within one year.
In an April 2002 report, the Urban Land Institute estimated that redevelopment of the property would cost between $3 million and $6 million.
In other news …
Transwestern Commercial Services was awarded the office leasing for Park Place, a mixed-use complex featuring two five-story office buildings in Annapolis. The Jerome J. Parks Cos. will develop the complex, which also features condos, a performing-arts center and a four-star hotel.
Law firm Keller and Heckman extended the lease on its main offices at 1001 G St. NW. The firm, which now occupies 74,153 square feet there, said it will expand to fill 80,275 square feet on the fourth, fifth and sixth floors of the building. The lease will expire in September 2006.
LCOR broke ground on Wilton House, a $44 million apartment building in Merrifield. The 15-story, 259-unit building is being built at the intersection of Gallows Road and Prosperity Avenue.
Trammel Crow helped broker the lease of 108,000 square feet at 4250 N. Fairfax Drive in Arlington. KEI Pearson/NCS Pearson leased 88,352 square feet,while Avaya Inc. leased 20,407 square feet. Beacon Capital Partners LLC owns the 305,000-square-foot building, which is 98 percent leased.
By Orrin G. Hatch
Procedural changes impede the chamber's traditional deliberative function
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