Thursday, March 3, 2011

Waterfront Tower Almost Sold Out

Urban Turf reports that only seven units remain at the 123-unit Waterfront Tower, the condo conversion next to Waterfront Station at 3rd & M Street. This is the same condo building that was featured on HGTV's House Hunters last fall. Sales began in the fall of 2009. When I toured the project last summer, the sales staff told me that in a few years, the apartment building across the courtyard (1001 @ Waterfront) will likely get renovated like Waterfront Tower and convert to condo. Future phases call for two new residenital towers to be built - one on the parking lot facing M Street (which is why those spaces are leased and not sold) and the other on the parking lot on the north side of 1001 @ Waterfront.

14 comments:

Anonymous said...

I wonder if the new buildings will have washer/dryer hookups in the units, instead of a high-tech laundry room in the basement.

Anonymous said...

It's amazing anyone could buy those units that have a view of that godawful EPA building. Something really needs to be done about both of them - absolute eyesores.

PostIt said...

Great news. As demand increases, it will only increase the value of our properties in the area. A high tide raises all boats.

Caity Rose said...

okay, well before they build these new apts in the parking lots, how about they transform those eyesore EPA buildings first please.

SWill said...

Waterfront Tower and Waterfront Station are two different properties. The developer of Waterfront Tower has nothing to do with what is going on (or not going on) at Waterfront Station. While I was at a conference last fall, the head of Forest City Washington (one of the developers of Waterfront Station) mentioned that the conversion of the EPA towers to residential would get underway within the next two years.

Lisa said...

I like the improvements though I was talking to a new neighbor and he suggested we develop the whole area. Part of the reason I moved to SW a long time ago was the greenspace, access to the waterfront views, and neighborhood feel. Does SW need more services and better housing, certainly, but I'm apprehensive of the Water street development blocking the views we've ALL enjoyed for so long.

Anonymous said...

Oh God - there are going to convert those EPA towers to residential?

They look COMPLETELY out of place with every other piece of architecture in the area. Not to mention they are enormous ex-federal buildings - how the heck could they be converted to residential units?

They need to be demolished, pure and simple. I don't know how the heck they'll do it with the new Waterfront station, but stranger things have happened.

SWill said...

Anonymous: They will "re-skin" the buildings so they won't look like the concrete behemoths they currently are once completed. The redone EPA towers will complement the new office buildings at Waterfront Station. There are a few examples of how Vornado has done this in other former office buildings around the metro area, such as West End 25 in the West End and 220 Twentieth Street in Crystal City.

Anonymous said...

shouldn't they start fixing those two buildings? since waterfront tower is alsomost sold out, it would be smart for them to start renovating those buildings so more people can move into the area.

PostIt said...

Some of you might not know that the EPA towers were originally designed as residential complexes. One of the primary reasons those buildings functioned poorly as office buildings is that they were designed for a different purpose.

When Nixon made the quick decision to create EPA, they needed to house the new agency somewhere. Through backroom negotiation (some shenanigans involved, no doubt), the agency was placed in the towers that were already under construction. They then attempted (poorly) to rework the buildings as offices, but salient structural residential features remained. One of these being a central corridor - a setup mostly seen in high-rise apartments and rarely in offices.

Anonymous said...

Did not know that PostIt! Thank you for the insight.

Also --- Has anybody been inside the FAA HQ buildings (Wilbur and Orville on 800 Independence Ave?). They are extremely poorly designed, as they both feature a large central corridor that has perimeter office spaces. A huge waste of space in my opinion.

Interestingly enough though, the Waterfront Tower looks strikingly similar to the FAA HQ buildings...

Anonymous said...

Does anyone know when the future phases at waterfront tower that would convert the parking lot facing m street to a new building? That's really going to kill the amazing sunlight that the apts in Waterfront Tower facing M street now receive. Ugh. Leave it as a parking lot.

Anonymous said...

Anon @ 2:15 above:

I believe that in the plans on the books, the earliest they could start building in the front parking lot area is 2014.

Tom said...

Anon @ 7:50 above:

Do you happen to know when they'll start renovating those two buildings along M Street? The one between Safeway and Waterfront Tower and the other next to the View.