Quote:
CWD Real Estate Investment plans eight-story building downtown
January 15, 2013 | By Charlsie Dewey
CWD Real Estate Investment plans to purchase a downtown parking lot and possibly develop it into an eight-story building that will connect to the company’s adjacent property, the Trade Center Building at 50 Louis St. NW.
CWD is expected to invest at least $15 million into development of the property and will construct a minimum of 75,000 square feet within three years of the closing of the development agreement.
Sam Cummings, principal and managing partner of CWD, brought pre-schematic designs of the proposed building to last week’s Parking Commission meeting, which was part of the request for proposal additionally sought by the Parking Commission.
“What is shown is an eight-story building,” said Cummings of the designs. “The footprint of the site is a little over 20,000 square feet. The challenge is that the site also provides ingress and egress to and from the Ottawa/Fulton ramp. So we’ve got to bridge that, and we’ve got to maximize the footprint above grade.”
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http://www.grbj.com/articles/75931-c...lding-downtown
Looks like it good be a great space to replace an empty lot. There's an entrance to a parking garage on the lot now, and they're going to build around and over it. CWD owns the building next door (they're planning on doing renovations to it soon), and they would like to tie the two buildings together.