WASHINGTON, DC—Mid-City Financial Corp. has begun what will likely be a multi-year approval process on its proposed large-scale mixed-use development to be built at the 20-acre Brookland Manor apartment complex and adjoining Brentwood Village Shopping Center here.
The Germantown-based firm is proposing more than two million square feet of mixed-use space at the property that is bordered by Rhode Island Avenue, Montana Avenue, Downing Street, 14th Street, Saratoga Avenue and Brentwood Road, according to the Washington Business Journal
The 535-unit Brookland Manor complex includes 19 garden apartment buildings on 18 acres. Eugene F. Ford Sr., founder of Mid-City, acquired the complex in 1977, under a 40-year fixed-rate mortgage with the U.S. Department of Housing and Urban Development that expires in 2017. Construction on the new development there cannot begin until after the lease expiration. See story in the Washington Business Journal.
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