Kingdon Gould III

Last updated
Kingdon Gould III
Born (1948-06-16) June 16, 1948 (age 76)
New Haven, Connecticut, U.S.
OccupationReal estate developer
SpouseKristin Gould [1]

Kingdon Gould III (born June 16, 1948) is an American real estate developer, active in the Washington, D.C.-area. He is part of the fifth generation of the Gould family of financiers, philanthropists and diplomats, which includes his father Kingdon Gould, Jr., grandfather Kingdon Gould Sr., great-grandfather George Jay Gould and great-great-grandfather Jay Gould, with associated generations of mothers, siblings, uncles, aunts and cousins.

Contents

Life and career

Market Square, which was developed by Kingdon Gould III and Boston Properties. Market Square.JPG
Market Square, which was developed by Kingdon Gould III and Boston Properties.

He was born in New Haven, Connecticut, on June 16, 1948, to Kingdon Gould, Jr., and his wife, Mary Bunce Gould (née Thorne). [2]

He was made part owner and vice president of Gould Property Company, his father's real estate firm and one of the largest and oldest real estate development firms in the D.C. metropolitan area. [3] He was the company's spokesperson when the Hyatt Regency Crystal City hotel and the Mayflower Hotel both were subject to foreclosure proceedings in 1989. [4]

Other notable projects

In 1990, Gould partnered with Boston Properties to construct Market Square North, a development in the Pennsylvania Avenue National Historic Site which was completed in 1997. [5]

In 1996, Gould's Laurel Sand and Gravel company which includes Fairfax Materials, Allegany Aggregates, Laurel Asphalt and S.W. Barrick & Sons purchased the 600 acres chase property north of the historic town of Savage, Maryland. The site is home to the Savage Stone quarry, mining Baltimore Gabbro for road bed construction. The facility started operations in 2005 after special zoning approval with a 25-year reserve in materials. [6] [7] [8]

Gould then partnered with his brother, Caleb Gould, and local developers David Costello and Richard B. Talkin to form Kincade LLC. In September 2000, Kincade broke ground on the $11 million Columbia Lakeside, a six-story, 75,000 square feet (7,000 m2) office building facing Lake Kittamaqundi. [9] It was the first new office building in Columbia Town Center since 1998. [9]

In 2001, Gould embarked on a six-year-long land swap deal with the District of Columbia. Gould owned a 1.5 acres (0.61 ha) lot on the southeast corner of 9th Street NW and Massachusetts Avenue NW. [10] Gould joined with Marriott International, a hotel company, to propose that a 1,500-room hotel be built on this site to function as a "headquarters hotel" for the Walter E. Washington Convention Center (then under construction). [11] Gould hired the law firm of Robins, Kaplan, Miller & Ciresi to assist with his plans. [12] There was extensive debate among city officials and developers over whether the Gould parcel was too small for the hotel, and whether the old Washington Convention Center site (a few blocks away) would be more appropriate. [13] D.C. Mayor Anthony A. Williams appointed Gould to an advisory board in October 2004, and charged the advisory board with studying all proposed sites and recommending one for the hotel to the city. [14] In August 2005, the Washington Convention and Sports Authority put a $900,000 down payment on two lots (which included the historic former headquarters of the United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry adjacent to the Gould parcel. [15] On January 26, 2005, Gould swapped his parcel on 9th Street NW for a similar-sized lot at the site of the old convention center. [15] [16] With the land swap, the city was able to move ahead with plans to build the Washington Marriott Marquis, the 1,430-room "headquarters hotel" long-desired by the city. [16] On November 1, 2007, the deal to swap land with Gould was finally approved. [17] Although the City Council had signed off on the deal in June 2005, the city took another 25 months to change local zoning regulations so that Gould was exempted from building housing on his new site. [17] Gould said he still had not decided what should be built there. [17]

In 2003, Gould partnered with local residents in Baltimore to purchased the MacGillivray building at Charles and Read Streets to keep it out of the hands of a competing developer. [18] Gould and the others hoped to renovate the structure into a mixed-used apartment building with upscale retail space on the ground floor.

In April 2007, Gould proposed a major redevelopment of an area bounded by Massachusetts Avenue NW, I Street NW, 6th Street NW, and 7th Street NW (a trapezoidal city block just southeast of Mount Vernon Square). Although 650 Massachusetts Avenue NW and 901 Seventh Street NW were modern office buildings on the western end of the parcel, surface parking lots and several historic townhouses facing I Street NW occupied the remainder of the block. Gould proposed construction of an 11-story, 360,000-square-foot (33,000 m2) office building with retail space on the ground floor and 300 underground parking spaces on the area currently occupied by the parking lots and townhouses. [19] [20] The office building's facade would be decorated with Chinese motifs, in keeping with the nature of the nearby Chinatown neighborhood. [20] He proposed moving 621 I Street NW and 623 I Street NW (both constructed in 1852 and never renovated) to form a cluster with three other historic townhouses on the southeast corner of the parcel, and demolishing 627 I Street NW (which had been renovated as recently as 1946 and was no longer considered to have retained its historic character). [19] The District of Columbia Historic Preservation Review Board began reviewing his proposal. [19]

Gould took several steps to help win local support for his proposal. He worked with the Chinatown Steering Committee and the Chinatown Revitalization Council, and offered to contribute $1 million toward the construction of affordable housing in Chinatown, to turn over 13,000 square feet (1,200 m2) of space in the new building for community use, contribute $100,000 to neighborhood programs, and give free parking space in his building to members of both groups. [20] However, Gould also proposed closing part of the alley serving the block. Steering committee members opposed this, because the closed area would be behind their condominium homes and they feared an increase in crime. [20] D.C. Council Chairman Vincent C. Gray attempted to mediate the dispute. [20] Gould abandoned these negotiations, and his architects redesigned the office building to build a service area by reducing the community space to just 4,100 square feet (380 m2). [20] He also limited the space's use to a handful of groups he approved of. [20] Gould also altered his community contribution plan, agreeing to donate $600,000 to the Chinese Community Church, provide rental discounts to Asian-owned retailers in the new building, and donate $850,000 to build affordable housing in Adams Morgan (a D.C. neighborhood several miles from Chinatown). [20] Despite strong objections from the two Chinatown community groups, the D.C. City Council approved Gould's proposal by a 12-to-1 vote in August 2007. [20]

Local roles

In the mid-1990s, Gould was elected president of the Penn Quarter Neighborhood Association, a position he continued to hold as late as 2002. [21]

Gould was also chairman of the Downtown Business Improvement District in Washington, D.C.

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References

  1. ↑ Rippetoe, Matt (December 4, 2015). "The 2016 Social List". Washington Life Magazine. Retrieved October 18, 2017.
  2. ↑ "Son to Mrs. Kingdon Gould Jr." New York Times. June 17, 1948.
  3. ↑ McQuaid, Kevin L. "Manekin Starts Work on Big P.G. Co. Mixed-Use Project." Baltimore Business Journal. November 15, 1991.
  4. ↑ Heschmeyer, Mark, and Paton, Huntley. "Gould-Pritzker Hyatt Hotel Hit With Foreclosure Action." Washington Business Journal. June 12, 1989; >Gutheim and Lee, p. 358.
  5. ↑ Maguire, Miles. "Security Fear Cited in Project Near FBI." Washington Times. September 19, 1990; Jenkins, Jr., Kent. "Congress Overrules D.C., Blocks Project." Washington Post. March 7, 1991; Haggerty, Maryann. "Building on Spec Reappears After an Absence of Six Years." Washington Post. October 7, 1996; Fehr, Stephen. "Regional Game Plan Heavy On Construction." Washington Post. December 1, 1996.
  6. ↑ "Residents OK quarry in Jessup". The Baltimore Sun. June 3, 1994.
  7. ↑ "Savage quarry quandary Howard County: Hazardous quarry poses tough questions for county officials". The Baltimore Sun. 26 September 1995.
  8. ↑ "Construction Equipment Guide" . Retrieved 10 April 2014.
  9. 1 2 Mansour, Rachel. "Scarce Space." Baltimore Daily Record. September 26, 2000.
  10. ↑ Hedgpeth, Dana and Spinner, Jackie. "Bidders Vie to Build Hotel." Washington Post. August 9, 2001.
  11. ↑ Hedgpeth, Dana. "D.C. Weighs Convention Center Hotel Subsidy." Washington Post. August 13, 2001.
  12. ↑ "Choices to Lead SEC Narrow." Washington Post. December 10, 2002.
  13. ↑ Hedgpeth, Dana. "Convention Board Backs Mayor on Hotel Site." Washington Post. December 3, 2004.
  14. ↑ Hedgpeth, Dana. "Vote on Hotel Site Delayed." Washington Post. October 14, 2004.
  15. 1 2 Hedgpeth, Dana. "D.C. Has Deal for Convention Hotel Site." Washington Post. August 23, 2005.
  16. 1 2 Killian, Erin. "Developer, D.C. Reach Deal on Convention Center Hotel.' Washington Business Journal. January 27, 2006.
  17. 1 2 3 Lazo, Alejandro. "D.C. Land Deal Clears Way For Convention Center Hotel." Washington Post. November 2, 2007.
  18. ↑ Calvert, Scott. "For Midtown Corner, Seeming Foes Unite.' Baltimore Sun. November 22, 2003; Fieser, Ezra. "Community Assn. Battles Developers to Preserve Character of Historic Mount Vernon." Baltimore Daily Record. January 23, 2004.
  19. 1 2 3 Natarajan, Prabha. "D.C. Office Project Calls for Removing Old Row Houses." Washington Business Journal. April 2, 2007.
  20. 1 2 3 4 5 6 7 8 9 Stewart, Nikita. "Growth in Chinatown Exposes a Deep Rift." Washington Post. August 13, 2007.
  21. ↑ Morris, Vincent S. "Georgia Avenue Plan Criticized." Washington Times. October 9, 1996; Straight, Susan. "Neighborhood Grows Up Around New Lexington Complex." Washington Post. June 22, 2002.

Bibliography

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