Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-The District has selected One Vision Development Partners to develop the $700-million Northwest One. The partnership between William C. Smith Cos. and the Jair Lynch Cos. calls for more than 1,630 new units of housing–apartments, condos and townhouses priced for buyers and renters at all income levels–a 21,000-sf clinic, more than 40,000 sf of retail and 220,000 sf of office space.

The development team includes Banneker Ventures and affordable housing provider CPDC. As part of the project, the District is investing about $45 million to rebuild the nearby Walker-Jones Elementary School, including a new recreation center and public library.

Northwest One, which is part of the District’s New Communities Initiative, will be built in several phases, most likely starting at District-controlled sites along North Capitol Street. The Northwest One neighborhood is bounded by K Street to the south, New York Avenue to the north and New Jersey Avenue to the west.

The District sought development bids in July. Part of the reason why One Vision was ultimately selected this week, Jair Lynch tells GlobeSt.com, is that it developed strong communal ties in the neighborhood. It reached an agreement, for instance, with the adjacent 199-unit Sursum Corda Cooperative.

Lynch says the groundbreaking is not yet scheduled, mainly because the company still has to work out additional project details and terms with the city. “Once that is finalized we should break ground about a year later,” he says.

New Communities’ development principles require that a developer replace each subsidized housing unit on the site with a new unit and provide roughly twice as many new market rate and workforce units. Barry Farm/Park Chester/Wade Road in Ward 8, Lincoln Heights/Richardson Dwellings in Ward 7 and Park Morton in Ward 1 are other New Communities.

“We have an incredible opportunity to create a more healthy and vibrant neighborhood here,” Mayor Adrian M. Fenty says. “This team has demonstrated that it’s more than capable of working alongside us to get this highly complex job done.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.