Thursday, February 10, 2011

CityMarket Moving Forward

Yes, it's true.  Activity is starting soon on CityMarket at O.  Roadside picked up the permit for the facade support and Clark has ordered the steel and is planning to start the facade support of the O Street Market building at the end of February.  The facade support project is estimated to take up to three months.

In the meantime, Roadside will be finishing its construction drawings for HUD on March 1 and completing the permit process for a project construction start in late summer 2011 if all goes as planned with HUD closing.

For your first peek at CityMarket, scroll down (click each image to see a larger version)..

"The 8th and O Giant"
Swimming in Shaw
Where 1881Meets 2013

Tuesday, January 4, 2011

Update on CityMarket at O

2011 is the year for CityMarket at O and we have begun construction. We have been doing exploratory borings and soil studies related to Metro and foundation design. Most of the work so far is being done during off hours so as not to interfere with Giant.

As you may have heard from HUD Deputy Secretary Sims at the groundbreaking, we are using HUD financing for the construction loan. We have received permission from HUD that has allowed us to start with façade support and work to secure the market structure. We will be picking up our permit for this work in late January and starting work shortly thereafter.

We have been working closely with HUD on our 220 financing but the process is taking time and patience. Concurrently, we have significantly advanced our drawings and have begun the District’s permitting process for the project. If HUD processing remains on schedule, we hope to begun excavation as soon as we close our loan this summer.