FEATURE ARTICLE, OCTOBER 2004

HIGH-RISE MULTIFAMILY PROJECT UPDATE

1800 Club 1800 Club Miami-based development firm BCOM Inc. has broken ground on the 1800 Club, a 41-story luxury residential condominium rising along Biscayne Bay in the heart of the Miami Arts District. Slated for completion in 2006, the 1800 Club will feature 469 one-, two- and three-bedroom residences, each offering panoramic views of Biscayne Bay, Miami Beach and Downtown Miami. Located on 18th Street and North Bayshore Drive, the 1800 Club is being developed on the site of its legendary namesake, a popular restaurant frequented by newspaper reporters, politicians, athletes, celebrities and many of Miami’s more “infamous” characters. BCOM purchased the property in 2002 from the family of longtime owner Bill Ader Jr., and soon after razed the building in order to make way for the 1800 Club luxury tower. The 1800 Club features all of the on-site amenities and services one would expect in a luxury waterfront condominium. The development’s pool deck overlooks Biscayne Bay, and the tower also will feature a state-of-the-art fitness center, yoga/aerobics studio, billiards/events room and two-story-high recreational floor with bay front veranda. The 1800 Club offers 24-hour security, parking and concierge, while individual residences, priced from just under $200,000 to $2 million, feature hurricane resistant floor-to-ceiling windows, balconies, granite kitchen countertops, marble flooring in all bathrooms, full-size washer and dryer, and spacious walk-in closets. Bermello, Ajamil & Partners Inc. designed the 1800 Club, and Fortune International is managing sales and marketing.

The Clarendon The Clarendon Clark Realty Capital (CRC) has received Certificates of Occupancy from Arlington County for the initial phase of The Clarendon, a 292-unit apartment community located in Arlington, Va. Located across from the Clarendon Metro station, The Clarendon will feature a 12-story tower and a four-story building, with a public street passing through its center. The 151-unit tower straddles 12th Court North, with a three-story archway over the road, and intersects the 141-unit building on the other side of the street. Architect Torti Gallas and Partners of Silver Spring, Md., designed The Clarendon, which offers more than 60 distinct floor plans including studio, one-bedroom, one-bedroom-with-den, two-bedroom, two-bedroom-with-den, and three-bedroom units. In addition, The Clarendon offers select two-story lofts and two- and three-story walk-up homes with private, street-front entrances. Group Goetz Architects of Washington, D.C., designed the building’s interior public spaces. Public seating areas featuring a fireplace and water feature will serve as flexible spaces for residents. McLean, Va.-based Elm Street Development Group and Bethesda, Md.-based CRC is developing the project. Clark Realty Builders is the general contractor, and construction will be completed early in 2005.

Virdian Viridian Construction commenced this month on Viridian, a mixed-use condominium in Nashville, Tenn. Giarratana Development LLC of Nashville and Atlanta-based Novare Group are developing the $55 million project, which is located at 415 Church St., adjacent to the historic L&C Tower. The 31-story project will have a dramatic impact on Nashville’s residential scene — it will increase the number of condominium units downtown by more than 235 percent. Viridian will contain 225 luxury condominium units; one-, two- and three-bedroom units, studios and penthouses will be available. Units will be priced from $125,000 to more than $1 million for some of the penthouses. Viridian also will contain 45 units designated as affordable housing. These units will be available to households earning less than 80 percent of the area median income. Viridian will feature H.G. Hills Urban Market, a 6,000-square-foot grocery store. Operated by S&C Foods Inc., the store will be the first of its kind in the central business district. It will feature a deli and full-service meat and produce departments. Amenities include a 12th-floor lobby featuring a fitness center and clubroom that opens onto a terrace and outdoor pool, as well as a 625-space parking center for condo owners and downtown workers and visitors. The architectural firm of Smallwood, Reynolds, Stewart, Stewart & Associates and the construction firm of R.J. Griffin & Co., both of Atlanta, also are involved in Viridian. AmSouth Bank is working with the developer to arrange financing for the project, and the Metropolitan Development and Housing Agency has earmarked $6 million in tax increment financing. Construction is slated for completion in September 2006.

Courtside Condominiums Courtside Condominiums West Point, Ga.-based Batson-Cook Co. has broken ground on the $21.5 million Courtside Condominiums in the “First Ward” district of Charlotte, N.C. This 17-story, 280,000-square-foot condominium project will include 107 units ranging from 589 to 1,951 square feet. A five-level parking garage and 7,000 square feet of street-level retail space also will be included. “We are happy to return to Charlotte to work with Boulevard Centro and David Furman architects on this project,” said Bob Stanfield, senior project manager for Batson-Cook. “Courtside should prove to be a welcome addition to the city and to the ‘First Ward’ district.”

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