Residential Building Planned for 1500 Penn Ave SE

1500 Pennsylvania Avenue SE, former site of Domino's Pizza.

1500 Pennsylvania Avenue SE, former site of Domino’s Pizza.

Another indication of “weak market demand” in Hill East:  Bisnow Real Estate recently reported that the Goldstar Group, a private equity firm based in Bethesda, has purchased the Domino’s lot at 1500 Pennsylvania Ave SE and plans to build a 40-unit residential building on the site.

I had a chance to follow-up with Goldstar and learned some additional details about their plans:

  • While the building will be mostly residential, Goldstar has not ruled out retail on the first floor of the building. The retail would be small given the lot size.
  • As of now, they plan to build the building “matter of right,” and do not anticipate needing any zoning relief or variances. Goldstar believes they can fit the required 20 parking spaces on the site.
  • Goldstar will spend the next four months designing the building. In terms of height, they plan to start at the height allowed under the site’s current zoning (C-2-A, 50 ft.). Height could be adjusted based on design.
  • The adjacent laundromat building just north of the site  (732 15th Street SE) is not a part of the project. A separate owner, Gary Cohen, still plans to build a small condo building on the laundromat site.
  • Regardless of whether they seek zoning relief or not, Goldstar is very interested in coming out to the neighborhood to share their plans with the neighborhood, probably sometime this fall. If everything goes smoothly with permitting, etc. , they hope to begin construction in early 2014.

You can read more about the Goldstar Group at www.thegoldstargroup.com.

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12 Responses to Residential Building Planned for 1500 Penn Ave SE

  1. Liz says:

    Is there anything we can do to encourage them to put retail on the ground floor?

    • bflahaven says:

      Hi Liz. I’d encourage you (and others) to contact Goldstar and let them know you would like to see retail at the site. I certainly let them know that I’d like to see retail there.

  2. carlos b says:

    Hi Brian,

    Speaking of development on that street, do you know what happened to the 15th & D Street SE plan? Your last post indicated that they were supposed to start in March. Do you know of any change of plan?

  3. rg says:

    Great news. Agree that ground floor retail would be ideal, but either way better than current use. But it might be tough to get retail in such a weak market…

  4. anon says:

    considering the ground floor retail at Jenkins Row includes Subway and Gamestop people should be careful what they wish for

  5. Lauren says:

    While we are on the topic of retail, does anyone know if is there any update on the storefront at the corner of Potomac and Penn, where there was originally going to be that Annie and Teddy’s place?

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