X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-Redeveloping Georgia Avenue, a major, albeit run down corridor in the District, has been a key goal of both the Fenty Administration as well as local developers. That goal is moving steadily to realization as there are several projects underway that will deliver new housing, including affordable units and retail space. The most recent is Donatelli Development and Mosaic Urban Partners’ mandate to develop three abandoned properties near Petworth into a housing-retail mixed-use development.

“This area is definitely undergoing a renaissance,” Nia Francis, principal with Mosaic Urban Partners, tells GlobeSt.com. “There are five projects, either in the planning stages or underway, that should add considerably to the neighborhood.” One embryonic project is unfolding across the street from where Mosaic and Donatelli plan to develop, she says. There, Safeway is making plans to redevelop its store into a mixed-use residential project in which the new Safeway store would be located. For the moment, Safeway intends to guide the project through the entitlement process, Francis says. “I anticipate they will be partnering with a developer to execute the project.” A call to Safeway by GlobeSt.com was not returned in time for publication.

Other projects along Georgia are at various points of completion. Donatelli has a huge stake in the area, namely its $70 million, 156-unit housing and retail development atop the Georgia Avenue-Petworth Metrorail Station, which is expected to open this coming spring. Also, the Neighborhood Development Co. is building a $28 million, 72-unit apartment building at 4100 Georgia Ave., which will contain 72 affordable rental units. At 3910 Georgia Ave., Jair Lynch is building a $38 million, 125,000-sf residential building.

Then there are the three properties along the 3800 block of Georgia Avenue, which the Fenty Administration just awarded to Donatelli and Mosaic to redevelop after its solicitation in late April. The $5-million mixed-use project will include a dozen condominiums and local retail and restaurants. The sites, 3813, 3815 and 3825-29 Georgia Ave., are located less than a block away from Donatelli’s Park Place project. The project will also have a 5,000-sf retail incubator space and 5,000-sf of space for sit-down restaurants. At least 30% of the units will be sold as affordable housing. Construction is expected to begin within a year, with delivery slated for fall 2010.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.