The project will deliver both market rate and workforce housing,according to Mayor Adrian Fenty--as well as pay for improvements tothe school. "LCOR is a highly capable developer," he says in aprepared statement. "They know how to make public-privatepartnerships work." The Mayor's office did not return calls in timefor deadline.

LCOR proposed building between 120 and 130 units of housingabove the future Tenley library and on the land that lies betweenthe library and Janney Elementary. It will be designed to LEEDstandards. The next stages of the project include meetings with thelocal groups to make sure the project is acceptable to thecommunity, according to the mayor's office.

The District has been aggressive in bidding out available landparcels for public-private partnerships. For instance, in May it heissued a Request forExpressions of Interest for a master developer to redevelopthe Hill East neighborhood on the Anacostia River--a 50-acre plotof land includes the former DC General Hospital campus. It is alsoseeking adeveloper for a 90,000-sf area behind the 88-year-old LincolnTheatre in the city's up-and-coming U Street Corridor.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.