WASHINGTON, DC—Locally-based Madison Investments and New York investment management firm Atalaya Capital Management have acquired two properties in the 14th Street Corridor from Martha's Table with plans to redevelop them into an ambitious mixed-use project. "We are extremely excited and honored to have been selected to purchase and develop this outstanding project as it is a legacy asset and one of the last large-scale parcels within the District," says Barry Madani, co-founder and CEO of Madison Investments in prepared remarks. The plan will retail important historical elements "to provide the inviting streetscape we wish to retain," he says. The properties are located at 2102-2124 14 St., NW, and 1400 W St., NW and will be the focal point for the project, which is called Collection 14. The project will have 25,000 square-feet of retail, 5,300 square-feet of office, 4,000 square-feet of event space that will also be a platform for promoting the arts along with a lobby. Additionally, the plans include constructing 233 apartment units. Collection 14 is scheduled for completion in early 2021. Other participants in the deal are Criterion in New York, which is a mezzanine partner and Bank OZK, which is the senior lender. Design Army will assist with creative plans for the common spaces throughout the buildout as well as spearheading the graphics and marketing. No Kings Collective will be creating a large-scale mural along the alle. Sia Madani and Barry Madani founded Madison Investments in early 2006 with a small four-unit apartment project in Capitol Hill. The company has gone on to create several projects, the most recent being a 32-unit, eight-story project called Elysium Logan at 1427 Rhode Island Ave., NW, a 49-unit project in Capitol Hill called Kipling House, and a boutique 15-unit condominium called 11Q at 1101 Q St., NW.