Wednesday, September 19, 2012
Monumental Realty Moves Forward With Liberty View
Monument Realty Moves Forward With Liberty View
Most of Lewin Park has been destroyed in preparation for the new Liberty View office park.
From the Kingstown- Rose Hill Patch
By Lisa K. Brown
Monument Realty is making progress on Liberty View, the future office park that is planned on Lewin Drive, next to the Inova Healthplex Franconia-Springfield.
The new 750,000-square-foot developement, which will also include a hotel, will be built on the property that was once home to the Lewin Park neighborhood.
Monument Realty was waiting for permits to demolish Lewin Park in March, and the Washington Business Journal reported that bulldozers and trucks began arriving in April.
Natasha Stancill, director of marketing at Monument Realty, wrote in an email that all the houses have been destroyed, except for one. They are still waiting on approvals from Dominion Power and Washington Gas for the last demolition. Stancill added that permits for the first new building have been submitted to Fairfax County.
A spokesperson from supervisor Jeff McKay's office wrote in an email that Virginia Department of Transportation will also be involved in the approvals of the site plan, which are in the process of being finalized.
Tuesday, September 18, 2012
Saturday, February 4, 2012
Wegmans is coming Finally!!!!!!!!
From Kingstown Patch
Legal Route Cleared for Kingstowne Wegmans, But When Will It Open?
Wegmans was initially blocked by stormwater management lawsuit
By Will Sommer
September 29, 2011
The legal path is clear for the Kingstowne Wegmans, but the supermarket company doesn't know when the location will open.
Construction of the Hilltop Village shopping center at Beulah and Telegraph, where the Wegmans will be built, was held up by a lawsuit until recently. Glenn S. Ovrevik, who lives near the proposed site, filed the lawsuit over a proposed stormwater pond that was part of the Hilltop Village plan.
Ovrevik's lawsuit headed to the Virginia Supreme Court, before having an appeal rejected last month, as first reported in the Washington Business Journal.
Although Ovrevik has the option to request that the Virginia Supreme Court to reconsider his appeal, his attorney, Zachary Williams, told Patch that Ovrevik won't.
While the lawsuit is over, however, Wegmans said it does not know when the store will open. A Wegmans spokeswoman told Patch last week that the company is in discussions with the site's developer, C & E Real Estate Services.
In April, Hilltop Village's site plan received approval.
Legal Route Cleared for Kingstowne Wegmans, But When Will It Open?
Wegmans was initially blocked by stormwater management lawsuit
By Will Sommer
September 29, 2011
The legal path is clear for the Kingstowne Wegmans, but the supermarket company doesn't know when the location will open.
Construction of the Hilltop Village shopping center at Beulah and Telegraph, where the Wegmans will be built, was held up by a lawsuit until recently. Glenn S. Ovrevik, who lives near the proposed site, filed the lawsuit over a proposed stormwater pond that was part of the Hilltop Village plan.
Ovrevik's lawsuit headed to the Virginia Supreme Court, before having an appeal rejected last month, as first reported in the Washington Business Journal.
Although Ovrevik has the option to request that the Virginia Supreme Court to reconsider his appeal, his attorney, Zachary Williams, told Patch that Ovrevik won't.
While the lawsuit is over, however, Wegmans said it does not know when the store will open. A Wegmans spokeswoman told Patch last week that the company is in discussions with the site's developer, C & E Real Estate Services.
In April, Hilltop Village's site plan received approval.
Thursday, October 6, 2011
NEW DEVELOPMENT BEULAH STREET & FLEET DRIVE
New Construction Will Be Townhouses
Beulah development will cover 3.68 acres
* By Mike Arlinsky FROM THE KINGSTOWNEPATCH
You may have noticed the construction near Beulah Street and Fleet Drive. Will it be a new office building? A parking lot? A hospital? Patch has learned that approximately 30 new town houses are schedule to be built at the site.
The plan was first proposed back in 2007 to redevelop the area. The application was finally accepted on June 28, 2010 after the Fairfax County Department of Planning and Zoning approved. The new homes will encompass 3.68 acres of land and the community will be called Fosters Crest.
The developer, Fleet LLC, originally proposed 49 units back in 2003.
When asked by the Patch about the new development, Lee District Supervisor McKay commented, “This small development was overwhelmingly approved by the Lee District citizen Land Use Committee. It's consistent with the Comprehensive Plan and surrounding development. There are a number of proffers dealing with transportation, open space, school donations, etc. The surrounding communities see this as a plus that will clean up some blighted properties that plagued this small land area.”
After reviewing the zoning application, several proffers were offered that allowed for construction to proceed. Proffers are additional conditions builders must meet in the surrounding area to help the deal become approved. Many of the proffers are contributions to various funds and the proffers system has been in use in Fairfax County for many years. Examples for the Fosters Crest community include sidewalks, noise-reducing construction, tree preservation and archaeological studies in case historical artifacts are discovered at the site.
The street access to the new development will be from two points both off of Fleet Drive. Many residents of Franconia already use Fleet Drive as a short cut off of Beulah Street on their way to the highways. A sidewalk next to the community has been proposed.
It should make for an interesting entrance/exit for residents driving in and out of Fosters Crest as cars turning left off of Beulah onto Fleet Drive are coming fairly rapidly not to mention the various sized trucks using that road for the adjacent industrial park.
Beulah development will cover 3.68 acres
* By Mike Arlinsky FROM THE KINGSTOWNEPATCH
You may have noticed the construction near Beulah Street and Fleet Drive. Will it be a new office building? A parking lot? A hospital? Patch has learned that approximately 30 new town houses are schedule to be built at the site.
The plan was first proposed back in 2007 to redevelop the area. The application was finally accepted on June 28, 2010 after the Fairfax County Department of Planning and Zoning approved. The new homes will encompass 3.68 acres of land and the community will be called Fosters Crest.
The developer, Fleet LLC, originally proposed 49 units back in 2003.
When asked by the Patch about the new development, Lee District Supervisor McKay commented, “This small development was overwhelmingly approved by the Lee District citizen Land Use Committee. It's consistent with the Comprehensive Plan and surrounding development. There are a number of proffers dealing with transportation, open space, school donations, etc. The surrounding communities see this as a plus that will clean up some blighted properties that plagued this small land area.”
After reviewing the zoning application, several proffers were offered that allowed for construction to proceed. Proffers are additional conditions builders must meet in the surrounding area to help the deal become approved. Many of the proffers are contributions to various funds and the proffers system has been in use in Fairfax County for many years. Examples for the Fosters Crest community include sidewalks, noise-reducing construction, tree preservation and archaeological studies in case historical artifacts are discovered at the site.
The street access to the new development will be from two points both off of Fleet Drive. Many residents of Franconia already use Fleet Drive as a short cut off of Beulah Street on their way to the highways. A sidewalk next to the community has been proposed.
It should make for an interesting entrance/exit for residents driving in and out of Fosters Crest as cars turning left off of Beulah onto Fleet Drive are coming fairly rapidly not to mention the various sized trucks using that road for the adjacent industrial park.
Wednesday, April 13, 2011
Hunter Motel to get Redeveloped
Finally Hunter Motel made it through Lee District Land Use Meeting and will be redeveloped as as Embassy Suites Extended Stay. This is another example of mixed use development in Lee District!!!
Monday, February 14, 2011
Development Happening Monumental Realty
Monumental Realty announces on their web page Liberty View At Springfield Metro 6900 Beulah Street Springfield VA 4 buildings totaling 750,000 SF. Additional Information
Monument Realty closes wave of new deals
Washington Business Journal - by Sarah Krouse
Date: Wednesday, January 26, 2011, 2:53pm EST
Click here to find out more!
Click here to find out more!
* Sarah Krouse
* Reporter
* Email: skrouse@bizjournals.com
District-based Monument Realty, hard hit by the 2008 bankruptcy of its equity partner Lehman Brothers Holding Inc., is working on five new real estate deals as it looks to set a new course for itself in the next real estate cycle.
The company:
• Assembled 26 single-family homes and lots in Springfield in 2009 to make way for a $260 million, five-building office development, Liberty View at Springfield Metro.
Monument is in the site plan approval process with Fairfax County, but plans to build the first 200,000-square-foot phase once it gets a final OK. Monument co-founder Michael Darby said the company expects to start construction speculatively, saying the company hopes to provide space for contractors wanting to be near Fort Belvoir as part of the Base Realignment and Closure moves.
The Davis, Carter Scott-designed buildings will rise to eight stories and deliver 875,000 square feet.
• Closed on a deal for a build-to-suit office complex for Boeing Co. north of Crystal City. Monument submitted a site plan to Arlington County Jan. 26 for a 419,000-square-foot development on 4.7 acres along Old Jefferson Davis Highway between Sixth Street and 10th Street South. The property will host two five and six-story office buildings connected by a lobby and atrium.
Monument will break ground on the project in the fourth quarter of 2011.
• Inked a lease with the Federal Aviation Administration for 50,000 square feet at 55 M St. SE, the building it built with Lehman just north of Nationals Park.
• Bought the 237,000-square-foot Class B office building at 2055 L St. NW, known as the Verizon Building, with partner Angelo, Gordon & Co. for $12.8 million. The partners plan to renovate the building into a Class A or A-minus space.
• Closed on the purchase of a loan secured by 627-631 H St. NW in July and is planning an 80,000-square-foot office and retail project on the Chinatown site. Monument is still looking for an investment partner on that deal, but hopes to break ground by the end of the third quarter.
Separately, Monument and Douglas Development are each pursuing the boarded-up building next door at the corner of Seventh and H streets NW, which is currently in bankruptcy court. Developer Yeni Wong bought that property in 2005, but defaulted on the note later that year. Douglas Development purchased the defaulted note from Capmark Finance Inc. last September and served Wong a notice of foreclosure. Douglas' was going to make a play for it at auction but that plan was thwarted when Wong's company filed for bankruptcy protection Nov. 16.
For more on this story, see the Jan. 28-Feb. 3 print edition of the Washington Business Journa
Monument Realty closes wave of new deals
Washington Business Journal - by Sarah Krouse
Date: Wednesday, January 26, 2011, 2:53pm EST
Click here to find out more!
Click here to find out more!
* Sarah Krouse
* Reporter
* Email: skrouse@bizjournals.com
District-based Monument Realty, hard hit by the 2008 bankruptcy of its equity partner Lehman Brothers Holding Inc., is working on five new real estate deals as it looks to set a new course for itself in the next real estate cycle.
The company:
• Assembled 26 single-family homes and lots in Springfield in 2009 to make way for a $260 million, five-building office development, Liberty View at Springfield Metro.
Monument is in the site plan approval process with Fairfax County, but plans to build the first 200,000-square-foot phase once it gets a final OK. Monument co-founder Michael Darby said the company expects to start construction speculatively, saying the company hopes to provide space for contractors wanting to be near Fort Belvoir as part of the Base Realignment and Closure moves.
The Davis, Carter Scott-designed buildings will rise to eight stories and deliver 875,000 square feet.
• Closed on a deal for a build-to-suit office complex for Boeing Co. north of Crystal City. Monument submitted a site plan to Arlington County Jan. 26 for a 419,000-square-foot development on 4.7 acres along Old Jefferson Davis Highway between Sixth Street and 10th Street South. The property will host two five and six-story office buildings connected by a lobby and atrium.
Monument will break ground on the project in the fourth quarter of 2011.
• Inked a lease with the Federal Aviation Administration for 50,000 square feet at 55 M St. SE, the building it built with Lehman just north of Nationals Park.
• Bought the 237,000-square-foot Class B office building at 2055 L St. NW, known as the Verizon Building, with partner Angelo, Gordon & Co. for $12.8 million. The partners plan to renovate the building into a Class A or A-minus space.
• Closed on the purchase of a loan secured by 627-631 H St. NW in July and is planning an 80,000-square-foot office and retail project on the Chinatown site. Monument is still looking for an investment partner on that deal, but hopes to break ground by the end of the third quarter.
Separately, Monument and Douglas Development are each pursuing the boarded-up building next door at the corner of Seventh and H streets NW, which is currently in bankruptcy court. Developer Yeni Wong bought that property in 2005, but defaulted on the note later that year. Douglas Development purchased the defaulted note from Capmark Finance Inc. last September and served Wong a notice of foreclosure. Douglas' was going to make a play for it at auction but that plan was thwarted when Wong's company filed for bankruptcy protection Nov. 16.
For more on this story, see the Jan. 28-Feb. 3 print edition of the Washington Business Journa
Tuesday, March 16, 2010
Solution for Access to Windsor Estates and Development of Windsor Estates
Primary Access: From Frontier Drive extended. Boston Properties has profferd to build a 4 lane road from Frontier Drive to Springfield Center Drive in return for getting a Comprehensive Plan change for higher density for their proposed development alnong Springfield Center Drive . Our developer can tap into this new road with his bridge over the RR tracks into Windsor Estates at a cost of 20 to 30 million dollars. VDOT should be able to obtain federal highway funds for this bridge since both federal and state governments are pushing for high density development around all rail stations and they have reports out (see VTRANS) saying they will help pay for access to help get this development, assuming the County will support high density development.
Secondary Access: Right in-right out from/to Francona Springfield Parkway opposite somewhere near the one on the other side on the Parkway near the Emergency Clinic.
Tertiary Access: Buelah Street at Windsor Avenue : Some new improvements will have to be done here to get more capacity but not much additional capacity since Beulah Street cannot handle much more traffic.
Secondary Access: Right in-right out from/to Francona Springfield Parkway opposite somewhere near the one on the other side on the Parkway near the Emergency Clinic.
Tertiary Access: Buelah Street at Windsor Avenue : Some new improvements will have to be done here to get more capacity but not much additional capacity since Beulah Street cannot handle much more traffic.
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