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WASHINGTON, DC-Donatelli Development has topped out of the $40 million Park Place project and is poised to begin further development on DC’s Georgia Ave: In several weeks, Donatelli will break ground on 3801 Georgia Ave., according to the DC Mayor’s office. This project will offer 49 market-rate units across the street from Park Place.

Donatelli did not return calls in time for deadline. The Park Place project is one of the District’s larger affordable housing/transit projects. It includes 161 residential units, town homes and retail. It is located directly above the Georgia Avenue/Petworth Metrorail Station.

Donatelli Development and Gragg & Assoc. were awarded development rights to the project in 2004 by the District. It is a joint-venture with Canyon Capital Realty Advisors and Earvin “Magic” Johnson. Twenty percent of the residential units will be made available at affordable rates. The project also includes 16,000-sf of retail and 187 underground parking spaces. It is expected to be complete next year.

This part of town has been a key focus for Mayor Adrian Fenty’s administration. The District recently made available $10 million in neighborhood-based tax increment financing to encourage other retail projects on Georgia Ave. Also, its Great Streets program is working with property owners to make façade improvements to storefronts while the District Department of Transportation is providing more than $20 million worth of streetscape improvements along the Georgia Ave. corridor.

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