If you don't see images, click here to view
To ensure delivery, please add mark@bisnow.com to your address book, learn how
Send story ideas (anonymously)  Events 
| Forward to a Friend
Real Estate Bisnow
Legal BisnowWomen BisnowTech BisnowAssociation BisnowNYC Real Estate
July 11, 2008

Big shout-out to great new sponsor Normandy Real Estate Partners.  The firm has expanded its DC-area portfolio to 13 assets with over 1.6M SF in commercial space. Welcome aboard!


Just when you thought DC had developed every last area-NOMA, Mt. Vernon Triangle, U St., H St., Georgia Ave., the baseball stadium-comes another showcase: The historic O Street Market, a block north of the new convention center between 7th and 9th in Shaw. Roadside Development, breaking ground in fall of '09 for unveiling in 2011, says its vision is to link many of these areas and give conventioneers a reason to walk north and east, not just south and west. The city agrees and has come up with TIF financing. The area will even have the city's largest grocery store, a 71k SF Giant designed by Shalom Baranes. (Shalom, please ask us for our thoughts on the layout of the produce section.)


Roadside partners Richard Lake, Armond Spikell, and Todd Weiss, who founded the company in '97. Richard met Armond 24 years ago interviewing for a job at Smithy Braeden to help reposition shopping centers; he admits he had no background except his family owned a ton of retail like DC's Zebra Room. Todd was one of their first clients, developing 2500 acres in Prince William. Their specialty is mixed use with emphasis on retail. Richard tells us that after buying the O Street site in 2000, they sorted through a mess of delinquent taxes and bonds dating back to the Carter days. Then the historic market's roof collapsed in a snow storm. Development is estimated to runt $330M and will include 640 residential units (80 affordable), a 200-room hotel, and 87k SF of retail. Roadside's LSDBE partners are the O Street Group and Blue Skye, building the senior housing portion with the Community Preservation and Development Corp.

Green Earth

On another front, the Roadsiders show us the model for Tenley's Cityline they did back in 2005 (you know, with the Best Buy and the Container Store on Wisconsin Ave). They've done 2M SF of development and have 3.8M SF and $700M under construction or in the pipeline. But that doesn't mean they're toiling 24/7, at least not in the summer. Armond just got back from a wilderness trip to Quetico Park in Canada where he was canoeing and portaging (fancy way of saying carrying canoes on your back from lake to lake) with his 15-year-old son. Richard and his wife recently cycled from Prague to Vienna, and we're not talking motorbikes but the kind you have to pedal. Todd's jetting out to Carmel and San Fran later this month where he'll visit family and work in a few rounds of golf.


Todd and Susan Linsky show us Roadside's massive 110-acre development in Prince William County, Stonebridge at Potomac Town Center, on which they've partnered with NY-based Black Rock. They've built a 138k SF Wegman's that's bustling with business and will have steel in the ground on August 1 for another 400k SF of retail, 500 residences, and half million SF of office. Total project costs will be in excess of $300M with RTKL doing overall design, Preston Partners residential design, and LF Jennings doing construction. They're also working to expand and renovate the Arlington Harris Teeter and incorporate 330 residential units.



$100,000 Man. That's how much Smith Barney's Marvin McIntyre, right, generously gave the Lombardi Doo Wop Concert for Cancer on September 6 at DC's Warner Theatre. We snapped this earlier in the week of Studley's Jack Schneider, center, and Dr. Lou Weiner of the Lombardi Comprehensive Cancer Center, thanking him over bagels at Smith Barney's DC office. Jack (who's event co-chair) tells us they've already raised more than half their $800k goal. The event will be heavy with real estate rockers. Tickets and sponsorships are still available; visit the Lombardi web site.



We took this yesterday of the green roof of CBRE's new offices at the Victor Building, on tour with Brookfield's Katie Malone. We don't know nothing, but we believe the main benefit is that it reduces the amount of heat the building gains from the sun. This in turn, allows the building to use less energy. Sounds cool to us. Unfortunately, we know that experts read our stuff, so we are bracing to be corrected. 


These are our friends Mary and John Kane (who owns Office Movers) on a break during Northern Ireland/Bosnia/Iran peace negotiations with Secretary of State Condi Rice in Moscow. Oh, no, wait, upon closer visual inspection, it would appear this was outside John's tent at AT&T last weekend at Congressional.  



In honor of summer vacation, About Town Editor Stacey Pfarr and hubby Grey took a road trip to Hot Springs, VA, the popular weekend get-away spot for Washingtonians, to find out what's new at The Homestead. GM of the 244-year-old resort Sean Maddock (in the main dining room) says they've just renovated almost half of the rooms "down to the studs" and are about to begin renovations of the front porch and Casino Club restaurant. Sean also told us that Executive Chef Rodger Martin is re-inventing the menu and doing what Sean calls upscale Southern cuisine or "what Mama would have done if she had the right ingredients." (Note to Stacey: Thanks for your sacrifice reporting on this story.)

Story ideas?  Contact Stacey Pfarr: Stacey@Bisnow.com.


July 17 Trends in Regional Development  Sign Up

Our Newest Publication

Two of the Kastle's four team members, Sacha Jones and Mashona Washington, with coach Thomas Blake. Click here to check it out!
Kane Company
WorkSpaces LLC
Arent Fox
Advertise with Bisnow
CONTACT EDITORIAL                             CONTACT ADVERTISING                              CONTACT GENERAL INFO

This newsletter is a journalistic news source which accepts no payment for featured interviews. It is supported by conventional advertisers clearly identified in the right hand column. You have been selected to receive it either through prior contact or professional association. If you have received it in error, please accept our apologies and unsubscribe at bottom of the newsletter. ? 2008, Bisnow on Business, Inc., 1323 Connecticut Avenue, NW, Washington, DC 20036. All rights reserved.

| Subscribe | Forward to a Friend
Arlington Economic Development Arlington Real Estate Showcase Registration The JBG Companies Monday Properties