The responding bidders are Park Morton Partners, which includes Pennrose Properties, FM Atlantic and Harrison Adaoha; and Park Morton Partners--same name, different team--consisting of the Neighborhood Development Co. and the Community Builders; as well as Park View Partners, comprised of Landex Corp., Warrenton Group and Spectrum Management.
The Park Morton project falls under the District's New Communities program, which is rebuilding four of the city's public housing complexes. The other New Communities are Northwest One in Ward 6, Barry Farm in Ward 8 and Lincoln Heights/Richardson Dwellings in Ward 7. Park Morton is in Ward 1's Park View neighborhood, bound by Georgia Avenue on the west, Warder Street on the east, Lamont Street on the south, and Park Road on the north. The bidders will be presenting their proposals to the community in a public meeting, scheduled for some time this Spring.
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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.
