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 

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.

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.

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.

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. 
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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.

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. 

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.

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.

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