Thursday, July 10, 2008

Fenty Announces Tenley-Janney Team

From the Washington Post's DC Wire Blog:

Fenty has chosen a developer from among three teams who responded to a request for proposals issued in 2007. The three are LCOR Inc., a Pennsylvania-based company with offices in Bethesda; Roadside Development, a D.C. firm whose projects include redeveloping the historic O Street Market; and the See Forever Foundation, in partnership with UniDev.

The developer will build 120 to 130 housing units--apartments or condominiums--above a new library, (Eric) Scott said. Most of the units will be market-rate, but some will be subsidized as "workforce" housing for low- to middle-income residents.

Scott said the project will use some of the land behind the library, but leave most of the schoolyard intact. He said some of the profit from the project will go to modernizing Janney, and emphasized that the development team will work with city and library officials to "minimize any library construction start delay."

And here is the Press release:

Fenty Announces Development Partner for Tenley/Janney Site
Project will include workforce housing and financial support for school modernization

WASHINGTON, D.C. – Mayor Adrian M. Fenty on Thursday announced the District has selected LCOR as its development partner for the 3.6 acre Tenley Library/Janney Elementary School development site.

“We’ve got a real opportunity to leverage this site to help pay for the cost of improving Janney Elementary, enhance the existing open space and add both market-rate and workforce housing – all atop a Metro station,” Mayor Fenty said. “LCOR is a highly capable developer. They know how to make public-private partnerships work.”

The District selected LCOR after issuing a competitive solicitation last fall. Three development teams responded to the solicitation. The teams were evaluated on vision, financial capacity and past performance.

LCOR has proposed building between 120 and 130 units of housing – primarily above the future Tenley library and a portion of the land that lies between the library and Janney Elementary. LCOR will work closely with the District of Columbia Public Library to ensure a quality integrated structure that will provide a vibrant, mixed-use learning and living environment that will produce an architecturally engaging, LEED certified project.

LCOR will collaborate with DCPL to ensure that any delay to the Library’s construction start will be minimized. LCOR will also work closely with the Janney Elementary School community to ensure that the Janney’s needs are met. This selection presents the opportunity to provide a tremendous financial benefit to Janney Elementary School by using a portion of the proceeds of the deal to support Janney’s modernization. The project will not result in a net loss of green space for Janney.

Keeping with the Administrations commitment to affordable housing, the project will also provide the opportunity to add workforce housing to the Tenley Friendship neighborhood.

In the coming weeks, the District and LCOR will work closely with community stakeholders such as the Advisory Neighborhood Commission and the St. Ann’s community to produce a project that creates a benefit for all involved.


Bolded emphasis on some of the benefits for the city to go this route.

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