THE FIRST INVESTOR SHARIAH COMPLIANT MULTI USE CITY CENTER DC BLOCKS FROM THE WHITE HOUSE:

12 Aug

(c) Carrie Devorah [ May Be Cited or Used Under License ]

(This is an edit from a larger earlier posted piece on Rapid Construction of Multi Use in the District without oversight on Evacuation Planning and Required Compliance “FOR THE WANT OF VETTING PEACE IN THE CLEVELAND PARK/FRIENDSHIP HEIGHTS COMMUNITY WAS LOST”)

Bozzuto Management has recently been appointed to manage the former City Lot construction put in place by QATARI DIAR the retail living outreach arm of the QATARI Government. The Shariah Compliant project, CITY CENTER DC, blocks away from the White House, is a development of Hines and The TFI US Real Estate Fund whose anchor investor is Qatari Diar Real Estate Investment Company (Qatari Diar), the real estate investment arm of the Qatar Investment Authority, advised by Tanween, a Qatari real estate development management and consulting firm.

Bozzuto posted, on its site, a more detailed explanation about their unusual pairing with their partner who states the fate of Israel has already been decided. One of Qatari Diar’s website construction locations is stated to be located in Ramallah, PALESTINE. Ramallah, on maps, is part of the West Bank. PALESTINE is vernacular used in the effort to make Israel an Arab land, according to rhetoric from the Middle East         

http://www.bozzuto.com/news-press/news-and-press/press-releases/77                                ”About The First Investor (TFI)
TFI is a leading Shariah investment company in Qatar and is regulated by the Qatar Central Bank. A wholly owned subsidiary of Barwa Bank, TFI is emerging as one of the most respected investment banking firms within the region, combining Qatari leadership with both international and local expertise to provide dedicated services in Investment Banking, Asset Management and Real Estate Investment. Through its strong international network of relationships and deep technical expertise, TFI provides a global approach in helping clients formulate, deliver and manage effective corporate strategies. Visit http://www.tfi.com.qa for more information. Missing from the site are answers to question such as if the design is Shariah compliant, including, possibly, a Mosque and dress code.

 “About Barwa Bank- Barwa Bank is a Shariah-compliant bank in the State of Qatar, established in Doha and licensed and regulated by the Qatar Central Bank. With an authorized capital of QAR 6 billion and paid up capital of QAR 3 billion, Barwa Bank provides a full range of Shariah-compliant banking services including retail, corporate and commercial banking, private banking, real estate finance, structured finance, investments and asset management; About Tanween- Tanween is a Qatari real estate development management and consultancy firm operating in GCC and MENA with a network of international consultants and partners. Tanween’s current portfolio of projects under development amounts to around $22bn. Tanween assists land owners, developers, investment banks and investors to create commercially viable and sustainable world-class real estate communities in all asset classes. Tanween’s experts provide various strategies for real estate developments and asset management and comprehensive project delivery services throughout the development lifecycle. Visit http://www.tanween.com; About Qatari Diar – Qatari Diar Real Estate Investment Company, wholly owned by the Qatar Investment Authority, was established in December 2004 to support Qatar’s growing economy and co-ordinate the country’s real estate development and investment priorities. Qatari Diar is currently involved in more than 35 projects in more than 20 countries around the world. Visit http://www.qataridiar.com.”;

One QATARI DIAR site promoted on line is the RAWABI site showcased in photos taken by Anna Van Hollen, daughter of Maryland Democrat Congressman Chris Van Hollen Junior,  a year prior to Ramallah’s Rawabi connection being found online. Junior’s daughter showcased to the world, views of Arab life, mediaites chose not to adress. http://pulitzercenter.org/reporting/palestine-west-bank-rawabi-city-development-infrastructure-economy-negotiations-state Van Hollen, a Pulitzer Center participant wrote that the Palestinian businessman and developer Bashar Masri decidedly did not name the $850 million private investment project a political name. He chose Rawabi which means “Hills.” Rawabi is a business venture between Qatari Diar, a Qatar-based real estate developer, and Masri’s West Bank-based Massar International. The business venture, Bayti Real Estate Investment Company is jointly owned by Qatari Government-owned Qatari Diar (www.qataridiar.com) and Ramallah-based Massar International (www.massar.com).There will be over 1,000 expensive deluxe units and 5,000 homes in the city. Anna Van Hollen was recognized by the Society of Professional Journalists with a national first place Mark of Excellence Award for feature writing on her “”Palestinian Youth at a Crossroads” piece, absent a congratulations from her father.

 http://www.qataridiar.com/English/OurProjects/Pages/Rawabi.aspx

The region is described as ASIA not the Middle East. The cited location is listed as Ramallah north of “Palestine.” The site says “Rawabi is the first master-planned city in the heart of Palestine and truly emphasises Qatari Diar’s mission of enriching the quality of people lives. The project has garnered unparalleled international attention since commencement by such high profile visitors such as The Lord Mayor of the city of London, Alderman Michael Bear and Chairman of US Senate Foreign Relations Committee, Senator John Kerry, among many others. Located 9 km north of Ramallah, 20 km north of Jerusalem and 25 km south of Nablus, Rawabi is being built as a modern, high-tech city with gleaming high-rise buildings, green parks and shopping areas…” Number of apartments? 10,000 , for starters.

rawabi

It is projected Rawabi will be home to 25,000 residents, with subsequent construction phases for residential and commercial units slated for a city with a population of 40,000. Headquartered northeast of capital Doha on the coast of the Arabian Gulf, Qatari Diar, the Qatari Diar Real Estate Company was established in 2005 by Qatar Investment Authority, the sovereign wealth fund of the State of Qatar. The Qatar Investment Authority was “to coordinate the country’s real estate development priorities…” Qatari Diar had, January 2012, 49 projects under development or planning in Qatar and in 29 countries around the world with a combined value of over US$35 billion.​ Qatari Diarwas capitalised at US$4 billion.

Then Senator John Kerry visited Rawabi in 2010. Kerry, currently, America’s Secretary of State is advocating for a two state solution. Rawabi states, the project Secretary of State Kerry saw in its infancy “..is located in the heart of Palestine..” describing the heart of Palestine to be “… 9 km north of Ramallah, 20 km north of Jerusalem, and 25 km south of Nablus. Rawabi will constitute its own municipality encompassing 6,300,000 square meters of land.” http://www.rawabi.ps/mobile/press_show.php?id=12&page=no It was reported “Senator’s Kerry’s visit underscores the ambition and magnitude of the project and the attention it is receiving on the global scene as the largest project in Palestine. Construction of the new city will create thousands of badly needed jobs for Palestinians and alleviate a burgeoning shortage of affordable housing in the West Bank.” http://www.rawabi.ps/mobile/press_show.php?id=12&page=no Kerry met with Palestinian President Mahmoud Abbas in Amman, Jordan and with Prime Minister Dr. Salam Fayyad in Ramallah, the Palestine News Network reported http://www.rawabi.ps/mobile/press_show.php?id=12&page=no

Rawabi is built in the typologie of Ariel Sharon who disappeared over a decade ago under medical mystery. Sharon’s military strategies on civic space was to have Israelis live atop of hills some say with Palestinians living in the valley. This is not the case in Rawabi. Ariel Sharon’s former chief of staff, Dov Weisglass, serves as a legal advisor for the project. Bashar Masri has been a participant in Israel’s High Tech Industry Association HTIA annual conference. Masri says he is working for an “economic peace” for the West Bank. Bashar al-Masri is an active supporter and participant in the Israeli-Palestinian Chamber of Commerce (IPCC), headed by Israeli Lt Col (ret) Avi Nudelman, an Israeli military official. Masri accepted a donation of trees for Rawabi from the Jewish National Fund (JNF) only to be removed due to public pressure. Masri entered into partnership with Maurice Levy, owner of the multinational advertising corporation Publicis. Levy purchased a stake at Masri’s firm, Zoom Advertising, at the same time buying the Israeli ad agency BBR group. Commentators posted “financing for mortgages is guaranteed by the US government (OPIC), and the project has also received funding from USAID” and that “….Mr. Masri personally lobbied for USAID funding for Rawabi’s infrastructure…” http://electronicintifada.net/blogs/ali-abunimah/boycott-committee-palestinian-rawabi-tycoon-bashar-masri-must-end-all

CityCenter DC, a 2.5-million-square-foot neighborhood which will be managed by Bozzuto,is one of the largest construction projects on the East Coast, is rising up where the old convention center stood. The $1 billion CityCenterDC development—between New York Avenue NW and 9th Street NW, and H and 11th streets NW— is three pedestrian city blocks, two condominium buildings, two rental apartment buildings, two office buildings, a luxury hotel, a park, a plaza, and an underground public parking garage. The Qatari Diar Real Estate Investment Company came to the rescue in 2010, investing $650 million to become the project’s principal owner, as Hines scrambled to secure financing. London-based Foster + Partners Armstrong Yakubu, was CityCenterDC’s lead architect. Bill Alsup was the senior managing director of Hinese. Hines was the real estate developer behind the 10-acre, mixed-use urban village scheduled for completion in 2013, around the time Congress returns to session. The District of Columbia granted the height bonus.

The District of Columbia is Federally run. The National Capital Planning Commission project manager for the Height Master Plan. The Commission is due to submit its draft recommendations to Congress in September–just as CityCenterDC’s occupants start moving in. Lucy Kemp, National Capital Planning Commission project manager for the Height Master Plan is quoted saying, “A lot of the commentary that we’ve heard from folks is that even though the federal law is broad, it is equitable because it’s very clear, straightforward and predictable.”

Architect Shalom Baranes played a role in overturning the District of Columbia’s century old historic 90-foot height cap on residential streets restriction. The federal Height of Buildings Act of 1910 provides uniform restrictions on the height of all buildings within D.C. boundaries that maximum height is relative to the width of the adjacent street. The National Planning Commission is due to submit its draft recommendations for the District to Congress in September. Citycenter DC residents will be moving in.

One will expect to see legislators at the Grand opening.

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