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 and FRP Development Corp. Inc. to redevelop the 13-acre Rhode Island Center.
The Historic Preservation Office (HPO) is recommending the Review Board (HPRB) approve Monument Realty’s concept for a development at 608-624 Eye Street NW (map) that will deliver 95 new apartments and 9,400 square feet of retail.
One step closer to 15,000 new Downtown residents!
The Office of the Deputy Mayor for Planning and Economic Development told the D.C. Council as part of its annual oversight review that it is seeking initial transfer of the 110-acre Southeast D.C. waterfront parkland from the federal government in late 2025 upon certification of an ongoing environmental assessment and land use plan. The transfer has been contemplated for nearly 20 years, since Congress’ adoption of the D.C. Lands Act in 2006.
Poplar Point has been described by the District as “one of the last great urban waterfront redevelopment opportunities on the East Coast.”
DMPED’s land use plan will map out a number of potential uses at the site, potentially including a large-scale destination anchor that could consume as many as 15 acres. The most likely contender is a 13-acre “well-being resort” from Austria’s Therme Group, which has been in talks with D.C. leaders about the vision for nearly two years.
- $15 billion in economic activity generated in one year, with $6 billion in DC alone.
- +100,000 jobs supported across the region, including 50,000 in DC.
- $1.6 billion in student financial aid provided, with $970 million in DC and $248 million directly benefiting DC residents.
- $600 million in capital investments improving infrastructure and sustainability, with $420 million in DC.
With Capital One Arena set to begin renovations this year, a vision for the Commanders potential return to RFK, and the Nationals eying a refresh of their own, has there ever been a better time to be a fan in the Sports Capital?
Permits filed earlier this month show a Just Salad going into the ground floor of 1900 M St. NW, a 120,000-square-foot, eight-story Class A office building owned by an affiliate of Rockrose Development LLC. Construct Connect, a construction leads site, puts the storefront size at 2,204 square feet and reports the work is out for bid.
New downtown lunch options are always welcome news!
Forbes dives deep on Mayor Bowser’s vision for the future of Tech in DC. Just a day later, the Business Journal published a list if 11 startups “transforming their industries and making a mark on DC’s innovation scene.”
