Posts Tagged ‘Akridge’

What Would Replace the Reeves Center in the D.C. United Deal?

A lengthy political battle stands between the city's proposal to orchestrate several land swaps and purchases in order to build a D.C. United soccer stadium at Buzzard Point and the realization of the plan. But one central piece of the plan, previously lacking in clear details, has begun to come into focus: the building that would [...]

City Misses Another Deadline for D.C. United Deal

"The District will have until January 1, 2014, to: (i) obtain site control of the Stadium Site ...; and (ii) obtain the necessary legal approvals from the Council of the District of Columbia and, if required, the United States Congress to proceed with the transaction."
So reads the term sheet signed by Mayor Vince Gray and D.C. [...]

Four Potential Futures of the Gateway to Mount Vernon Triangle

At the corner of 5th and I streets NW sits a vacant lot that will soon be transformed into what's been called the "gateway" to the Mount Vernon Triangle Neighborhood. Last night, neighbors packed into the trailer that serves as the Mount Vernon Community Improvement District offices and caught a glimpse of the future of [...]

Four-Teams Shortlisted to Develop 5th and I NW Lot

One of four teams will soon have the opportunity to develop a rarity in the District: a vacant lot in the heart of the city.
Yesterday, the city announced a shortlist of four teams of developers to build a mixed-use complex on a city-owned piece of land in Mount Vernon Triangle at the corner of 5th [...]

City, Developer Won’t Meet Deadline to Submit D.C. United Deal

In September, the city and the developer Akridge signed a letter of intent that laid out the process for the intended land swap to clear the way for a D.C. United soccer stadium on Buzzard Point. Akridge owns a parcel of land that the city needs to assemble the site for the stadium; D.C. plans [...]

D.C., Akridge Hammer Out Details for D.C. United Stadium Land Swap

The city is planning a series of major land swaps to obtain the property needed to build a D.C. United stadium on Buzzard Point. But as I've reported before, the most talked-about of those land swaps is very uneven. In it, the city will give up the Frank D. Reeves Municipal Center at 14th and [...]

Tax and Wane

When news of the complex deal to build 
a D.C. United soccer stadium broke last month, many of the city’s reporters and concerned citizens became back-of-the-envelope mathematicians.
One hundred million dollars for the city to acquire the land for the stadium site at Buzzard Point, plus $40 million for the city to provide the necessary infrastructure, [...]

Swap and Go

A first-time visitor to Allen Lew’s office would be forgiven for thinking he was a sportswriter. Four framed photos hang in his lobby. Two are of Nationals Park; the others are of local high school football fields, Coolidge and Roosevelt.
As D.C.’s city administrator, Lew is responsible for overseeing District agencies and ensuring that the city’s [...]

In Stadium Deal, Reeves Center Swap Is a Fraction of the Battle

Mayor Vince Gray used his weekly radio address on WNEW yesterday to tout the benefits to the city of the deal to bring a new D.C. United soccer stadium to Buzzard Point. And his focus was on the land swaps that will allow the city to assemble the land for the stadium without incurring huge costs.
"The [...]

Developer: Cash, Not Additional Land, Would Go to District in Reeves Center Swap

I reported yesterday that the city could stand to make a healthy profit on a land swap involving the Frank D. Reeves Municipal Center as part of the deal for a new D.C. United stadium. The proposed deal would have the District trade the aging government office building at 14th and U streets NW to [...]

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