Tuesday, August 11, 2015

WBJ article on just-announced DMPED Real Estate Projects pipeline tool; McMillan & 1520 North Cap NW mentioned

Click on the link to read the entire Washington Business Journal article.

Keeping up with D.C. economic development projects just got a bit easier

Aug 11, 2015, 11:14am EDT UPDATED: Aug 11, 2015, 11:26am EDT
Senior Staff Reporter-Washington Business Journal
From stormwater ponds to transformational, 3 million-square-foot projects, the District has nearly 50 economic development initiatives in various stages ongoing throughout the city. This week, the D.C. government unleashed a helpful website to keep up with the work.
The pipeline project data tracks every project — whether an active solicitation, awarded, in negotiation, under construction or completed. Easily sortable by ward, the database provides project names, addresses, status, selected developer, type of development and square footage per use, the city's project manager, and estimated construction start and end dates.

There are currently six active solicitations— Capitol Vista (Second and H streets NW), MLK Gateway (1909-1913 Martin Luther King Jr. Ave. SE), the Crummell School lot (1900 Gallaudet St. NE), the Franklin School(925 13th St. NW), Parcel 42 (1707 Seventh St. NW) and Truxton Circle (1520-1522 N. Capitol St. NW).
The District is in negotiations with development teams on eight more projects, including the Grimke School, McMillanSkyland Town CenterSt. Elizabeths East, Walter Reed, 965 Florida Ave. NW, and the proposed hotel-convention center at Michigan Avenue and Irving Street NE, which we detailed last week.

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