A raze permit was just issued on June 10 and demolition is already almost complete at 1728 14th Street NW. Developer Perseus Realty began with the two-story warehouse's demolition immediately after the permit was issued and the entire structure will be leveled after only another five or six days, says Bob Cohen, president of developer Perseus Realty.
"Everything is all good here," says Cohen. "It's still underway, but the walls are all gone except for some of the internal adjacent walls—that's slower work. We're kind of in a boring stage right now, but we're going to get this thing up…and get it leased all soon."
The new mixed-use office and retail space will have four floors. The first two floors will be dedicated to office space and the other two to retail. Together, the floors will each equal about 13,000 square feet of space with another 10,000 once the townhouses are renovated and incorporated into the design, says Cohen.
Perseus is still in negotiations with retailers, no restaurants, but they are announcing the architectural firm that has signed on to move in—Bonstra Haresign Architects.
The project is still set to be complete by May 2014.
The Washington Business Journal reported Perseus paid $4.8 million for the warehouse, known as the former Granger building, last fall.
The 14th street corridor is one of the most vibrant areas of the city and one of the most recently developed. The area just south of the forthcoming Perseus development, between Rhode Island Ave NW and Massachusetts Ave NW, has recently been determined to be the
densest in the city.