X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-The Fenty Administration is selling a nine-acre parcel of land to two developers who plan to turn the acreage into one million square feet of housing and retail development. The site is located at Riggs Rd. and South Dakota Ave., NE.

Specifically, the developers–Lowe Enterprises and Jacksophie Development–are planning to build three separate projects surrounding the parcel. Later this year, they will break ground on Ft.Totten Square on the former Tiger Mart site. This project will include468 units of housing–with 94 reserved as affordable, 71,000 square feet of retail and almost 500 parking spaces.

In 2010, the JV will begin construction on phase two, called Dakota Pointe, which will include about 170 units of housing and 87 parking spaces. The third phase, which will incorporate the parcel of land acquired from the District, is called the Dakota Flats. It will include about 260 apartments–52 of which are affordable–23,000 square feet of retail and 150 underground parking spaces. The Mayor’s office did not return a call to GlobeSt.com in time for publication.

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. APARTMENTS SPRING 2021Event

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