Despite Delays, Union Market Redevelopment Will Make Moves in 2019
✉️ Want to forward this article? Click here.
Earlier this week, Edens and development partner Great Gulf celebrated the groundbreaking of a new residential project at 1300 4th Street NE — a block away from the Union Market building where a redevelopment was shelved earlier this year.
Citing issues including looming steel tariffs increasing the costs of construction and the partner contract expiring due to the "chilling effect" of planned-unit development (PUD) appeals, Edens requested and received a two-year extension on the approved PUD for the Union Market ("South") building at 1309 5th Street NE (map), which had been slated for a previously-approved addition of office space, retail and a theater. The first-stage PUD also included the construction of a sister "North" residential building. Now, Edens has an idea of when the ball will resume rolling on the redevelopment.
story continues below
loading...story continues above
"The second-stage PUD for the sister building is in process," Jeff Kaufman, Edens managing director of development, told UrbanTurf. "Because of the steel issues and theater issues and [logistic] complications with the South building, we're looking at having to build it in two phases, which is not ideal." In order to minimize any disruption to the operation of Union Market, Edens would like to construct both buildings concurrently.
In the meantime, the developer anticipates notifying neighbors of an intent to file the second-stage PUD application for the North building by the end of the year, potentially setting them up to submit the application next February or March and, ideally, break ground by the end of 2019.
See other articles related to: edens, great gulf, planned unit development, pud, union market
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/despite-delays-expect-union-market-redevelopment-to-make-moves-in-2019/14697.
Most Popular... This Week • Last 30 Days • Ever
Priced from $1.2 million, the 108 stately brownstones and 17 single-family homes will... read »
In this edition of First-Timer Primer, we look at the ins and outs of the 203k loan.... read »
Today, UrbanTurf takes a look at the distinct differences between these two popular f... read »
The largest residential conversion planned in the neighborhood is continuing to move ... read »
Despite it being a slower year for the housing market in the DC area, there are two B... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro