May 14th, 2019

Foulger-Pratt is building everywhere. It’s latest will bring 327 units and retail to Eckington, wrapped by the area’s largest park.

Foulger-Pratt is scheduled to break ground Thursday on One 501, a mixed-use development in Eckington that will be partially wrapped by the largest park within the NoMa Business Improvement District.

The two — the park and the apartment building — go hand-in-hand.

The Foulger-Pratt project, slated for 1.8 acres at 1501 Harry Thomas Way NE, will include 327 apartments, four artist/maker live-work units, 9,200 square feet of retail and restaurants, 174 secure bicycle parking spaces, and several dozen inclusionary zoning units.

The development site is wrapped on two sides by the NoMa Parks Foundation’s Alethia Tanner Park. Work started on the park in March, and it is expected to be complete by late 2019 or early 2020.

Foulger-Pratt has played a key role in bringing Alethia Tanner Park to life.

The park foundation, an arm of the NoMa BID, paid Pepco $14 million in late 2015 for the initial 2 acres that would constitute what was then called the NoMa Green. Four months later, Potomac-based Foulger-Pratt acquired its 1.8 acres— immediately north of the foundation’s land — from Pepco for $12.6 million. The developer then gave 23,000 square feet to the foundation to expand the NoMa Green to the east.

The donation will allow the BID to eliminate the sharp, dangerous Z-turn on the adjacent Metropolitan Branch Trail and to expand the park to the east, to include a dog run.

As part of the community benefits package tied to the One 501 planned-unit development, Foulger-Pratt will invest $165,000 in the dog park and $80,000 to realign the MBT. The package also includes $350,000 for a performance amphitheater, and a $40,000 grant to Latino Economic Development to support tenants’ rights advocacy.

This part of Eckington is a big construction zone at this point, between the park development, Foulger-Pratt’s imminent work and the work on Eckington Yards, a four-building, 681-unit project — plus 70,000 square feet of retail and a woonerf — from JBG Investment Fund IX LLC and LCOR Inc.

Foulger-Pratt, meanwhile, has a lot of balls in the air. In April, it broke ground on Press House at Union District, a mixed-use development in NoMa to include 356 apartments, 27,000 square feet of retail, and 25,000 square feet of office. It is remaking the former Discovery Communications Inc. (NASDAQ: DISCA) headquarters for multiple tenants, including Children’s National Health System. It has also proposed a $400 million, 1.5 million-square-foot development in Reston and it is fully entitled to advance a $200 million, 400,000-square-foot trophy office building adjacent to the Greensboro Metro station in Tysons.

Read full article here