Level 2 Development
  • About
    • About
    • Neighborhoods >
      • Scott's Addition, RVA
      • Union Market, DC
      • 14th Street, DC
      • Takoma, DC
      • Concord, NC
      • Goldsboro, NC
      • Monroe, NC
      • Danville, VA
    • Community Impact
  • Portfolio
    • 2700 Leigh
    • The Ace
    • The Batley
    • Capitol View on 14th
    • 171 Cabarrus
    • View 14
    • Highline / i5 Union Market
    • Takoma Central
    • The Harper
    • The View at Wayne National
    • The View at Hotel Concord
    • Piedmont Lofts
    • Ferrell Historic Lofts
    • Lofts 29
    • The Mercury
    • The Clift
  • Press
  • Team
    • Jeff Blum
    • David Franco
    • Peter Murphy
    • Addison Heintze
  • Careers
  • Contact

Level 2 envisions bringing flavor of New York's Meatpacking District to Union Market area

2/4/2015

 
Picture
Washington Business Journal 
by Daniel J. Sernovitz

Level 2 Development is planning to develop a 315-unit mixed-use apartment project near Union Market that it hopes will pay homage to New York's Meatpacking District at a gateway site leading into the District's NoMa neighborhood.

Level 2, which is also a part of the team working with Edens to remake the 45-acre Union Market, has filed a Planned Unit Development Application with the District to build 315 apartment units and just shy 


Read More

Level 2 Development buys development site near Union Market

8/7/2014

 
Picture
Washington Business Journal
by Daniel J. Sernovitz

Level 2 Development, part of the team working with Edens to remake part of the 45-acre Union Market in Northeast D.C., is spreading out with plans to redevelop another site nearby.

An affiliate of Level 2, 320 Florida Owner LLC, bought the Burger King site at 320 Florida Ave. NE July 22 for about $8.8 million. It picked up the property from Lionstone Investments, a Texas-based real estate investment trust that had owned it since 2006.


Read More

Federal Capital plans Takoma apartments

1/12/2012

 
Picture

by Jeff Clabaugh 


​Chevy Chase-based Federal Capital Partners and D.C.-based Level 2 Development LLC have formed a joint venture to develop an apartment and retail project near the Takoma Park Metro station.

The companies say the mixed-use project, called Takoma Central, will have 156 apartments and ground-floor retail. The project is at 255 Carroll St. NW. Federal Capital Partners estimates the cost of the project at $36 million.

Phase 1 construction has already begun, and Phase 2 will begin later this year, Federal Capital Partners says.

"Takoma Park is a high barrier to entry, metro market with little to no new apartment supply projected in the future," said FCP's vice president of residential development, Wade Casstevens. "We believe Takoma Central will enhance the village environment that distinguishes Takoma Park from other D.C. Metro station communities."

The project is expected to be completed by the end of 2013.

UDR Closes on View 14 Sale

6/29/2011

 
Picture

by Tierney Plumb, Reporter


​UDR Inc., a Denver-based publicly traded apartment owner with 16 properties in the area, closed on the sale of View 14 on 14th Street NW in D.C., shattering the record for the highest price per foot ever achieved in the metro region for Class A rental product.

The building sale, which was first reported in the Washington Business Journal in April, traded for $104 million, or about $670 a square foot for the 155,000-square-foot property.


Read More

YWCA, Beta Academy sign at View 14

4/20/2011

 
Picture
by Missy Frederick, Reporter

Level 2 Development LLC has snagged two tenants to occupy a major portion of the retail space at the View 14 mixed-use complex. 
​
The YWCA National Capital Area will occupy 15,000 square feet at the 2303 14th St. NW project. Cushman & Wakefield Inc.. brokered the deal for both parties.

Beta Academy, which hosts martial arts classes, has signed a lease for 9,000 square feet on the lower level. Cushman & Wakefield represented Level 2 in the deal, while Thur & Associates worked with Beta.

Let Leasing Begin at View 14

11/3/2009

 
Picture
Washington Business Journal
by Tierney Plumb

Another housing option has popped up along the U Street corridor: View 14’s leasing center just opened this week. 

Located at the intersection of 14th Street and Florida Avenue, the 185-unit building boasts Zipcar services on site, a game room with Nintendo Wii, a sculpture garden and two landscaped roof decks. 


Read More

Groundbreaking and $1M Contribution

11/16/2007

 
Washington Business Journal
by Tierney Plumb

On Oct. 30, a D.C.-based real estate developer that specializes in mixed-use residential and retail projects around the 14th and U streets NW area held a ceremony for the groundbreaking of the View 14 Apartments.  Level 2 Development presented a $1 million check to the Sankofa Tenants Association for the association to purchase the 48-unit low-income Cresthill Apartment building.  With Mayor Adrian Fenty as the keynote speaker, the ceremony marked the start of construction of View 14, an $80 million development of 185 apartments and 34,000 square feet of retail space.  The affordable housing contribution is part of the View 14, an public benefits package, which also includes removal of the Comcast satellite dish farm and antenna tower at the site, a green roof, participation in D.C. employment programs and $40,000 in contributions to neighborhood organizations.  

"We are humbled by the opportunity to assist the Sankofa Tenants Association in making their affordable housing home ownership a reality," says David Franco, principal of Level 2 Development.  "It seals their rightful place in this community, and we are pleased to have them as View 14 neighbors.

14th St. Center to Give Way to $100M Redevelopment

3/20/2006

 
Picture
Washington Business Journal
by Sean Madigan

An upstart U Street development company has reached a deal with Horning Bros. to transform a shabby strip center into a $100 million condominium project.

The 18 month-old company, Level 2 Development, is buying the Nehemiah Shopping Center, which runs a full block along 14th Street between the U Street corridor and Columbia Heights.


Read More

Columbia Heights Redevelopment Projects Finds Support

7/7/2005

 
Picture
by Tim Lemke

Level 2 Development has received early endorsements on plans to build 170 condominiums and street-level retail on the site of a former


Read More

    Categories

    All
    01. Takoma Central
    02. Capitol View On 14th
    03. View 14
    04. Ferrell Lofts
    05. Mercury
    06. The Harper
    07. Highline / I5 Union Market
    08. The Batley
    2005
    2006
    2007
    2008
    2009
    2010
    2011
    2012
    2013
    2014
    2015
    2016
    2017
    2019
    The New York Times
    The Washington Post
    The Washington Times
    Washington Business Journal

Copyright  ©  2017 Level 2 Development LLC