amesit.wordpress.com
The first approval was for the additioof 1,400 square feet of retail spacse to 1501 Wilson Blvd. and the seconcd confirmed a deal with the county to rent the former spacw for a cultural center at almost no cost in exchange for higher density atthe yet-to-be-built 1812 N. Moores St. The retail addition at the 13-storyy 1501 Wilson Blvd. office building will extene the ground floor to meet the building curtai n wall along NorthOak Street. The 30,377-square-fooyt site currently hosts 108,836 square feet of office spacwwith 16,917 square feet of commercia l space.
Miracles Salon and Spa and OakStreet Café, which recently renewed its 1,455-square-foot lease, currently fill the building’sd retail space. As part of the approval, the new entrancee must meet Americans with Disabilities Act The developer will also makean $80,000 contribution to the countu for street improvements along North Oak The plan for a Rosslyn culturakl center at Monday Properties’ former Newseum site came from negotiationas with the New York-based developer over its request to builf 1812 N. Moore St., a 580,000-square-foot office project. After the site plan deal was reached, the countt signed a temporary lease for the Newseu m space at 1101Wilsomn Blvd.
beginning May 1, 2008. The countt has since renegotiated the terms of that The current lease is for 15 yearsd witha five-year renewal option. As part of the the county will get free rent for the firs 15 yearsand 2.25 yearsx of the extension. It will pay market-ratre rent for the final 2.75 yearsx of the extension. In approvingy the $5.6 million project, countyu officials stressed that funding will come from capital projectf funds and money currently allocated to cultural service not fromtax hikes. The Rosslyj Business Improvement District willcontribute $1.
1 milliob to building out the new spacde with two performing arts an exhibition gallery, a ballroom, a restaurant and retail The BID will also contribute $300,000 a year for operatinhg costs at the center, which would be open 12 hoursd a day, seven days a week. The center, which is plannesd to achieve SilverLEED status, will partnere with local groups like the , Synetic the Ellipse Arts Center and Bowenm McCauley Dance. The county predicts the space willdraw 250,000 visitorss each year. The retail addition to 1501 Wilsobn Blvd. is one of several renovations Mondau Properties has under wayin Rosslyn. The developer is also spendint $4.
87 million on garage and exterior renovations at 1000 and 1100 Wilson Blvd., $4.57 million on Energgy Star lighting and lobby renovations at 1101 Wilson Blvd. and $145,000 on exterior renovations at 1515Wilson
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment