News

Mayor Bowser Delivers on Promise to Open New, Full-Service Hospital East of the River The $434.4 million public-private partnership project spans 406,000 square feet on the historic St. Elizabeths East campus in Ward 8. A full-service facility, Cedar Hill contains 136 beds (with the capacity to expand to 184), trauma care, and a 54-bay emergency …

DC venture firm Construct Capital raises another $300M fund It’s always great to see DC company grow and reinvest in our city. Congratulations to Construct Capital! Construct Capital announced Monday they have raised a $300 million fund to back early-stage technology startups. They are primarily targeting software companies operating in the logistics, manufacturing and transportation sectors. …

D.C. to seek developers to remake United Medical Center D.C. will soon launch a search for developers to remake the United Medical Center property in Washington Highlands, as the city-owned hospital winds down operations and a replacement facility prepares to open its doors in Congress Heights. The UMC property is currently zoned RA-1, which permits …

March Madness Announcements Thursday an exciting day for the District, as Mayor Boswer and DMPED made several announcements including a $500M wellness resort coming to the Anacostia waterfront and two new Vitality Fund recipients, ROKK Solutions and Invariant. At the Partnership, we were especially proud to work with ROKK Solutions and Colliers on this project. Mayor Bowser announced two companies, ROKK Solutions …

321-Unit Mazza Gallerie Project Begins Pre-Leasing, Total Wine To Open This Summer Developer Tishman Speyer announced Monday that its reimagination of the Mazza Gallerie mall (map) as a residential development has begun pre-leasing. UrbanTurf has also learned that Total Wine & More and TJ Maxx will be opening at the 7-story, 321-unit apartment project along …

DC-based Morning Consult hits profitability with their new AI tool Polling firm Morning Consult is back in growth mode after a major strategic shift … The onetime D.C. unicorn turned profitable in in the fourth quarter on both a pure profitability and cash-flow basis … a milestone it has pursued since raising its first venture …

TIF subsidies could be coming to Bryant Street development The Office of the Chief Financial Officer told the D.C. Council as part of its annual oversight review that it anticipates legislation this fiscal year for up to $33.5 million in tax-increment financing for the second phase of Bryant Street, a joint venture between MRP Realty …

Welcome to our first edition of Capital Insights, a weekly news roundup of all things Washington, DC Economic Development. Mayor Bowser unveils RFK Vision Mayor Bowser has proposed a comprehensive redevelopment framework for the RFK Stadium campus, potentially bringing the Washington Commanders back to the District and creating a multi-purpose urban space by 2030. Read the …