Tuesday, August 27, 2019

WBJ post on NFL tight end Vernon Davis participation in the 150 S Street NW Gloriana development project

Click on the link to read the entire Washington Business Journal post:

A new route for NFL tight end Vernon Davis: D.C. real estate development

Vernon Davis, left, and Tom Kadida, celebrated the groundbreaking of Gloriana, an eight-unit townhouse project in D.C.'s Bloomingdale neighborhood on Aug. 16.      

While better known for his role as a tight end for Washington's NFL team, Vernon Davis is trying out a new set of skills he hopes will leave a more enduring mark on the District's Bloomingdale neighborhood: real estate development.  

Davis is part of the team that broke ground earlier this month on Gloriana, an eight-unit townhouse project being developed on the site of the former Medhane Alem Eritrean Church at 150 S St. NW. The D.C. native is an investor in the project, being developed by a team including Kadida Development Group, United Investments and Alliance Development Co. as the project's general contractor.       

A Dunbar High School grad and former Maryland Terrapin standout, Davis has dabbled in real estate investing since 2015, and he was even pitched to put money into the troubled Fifth and Eye project in D.C.'s Mount Vernon Triangle neighborhood. He was attracted to the church redevelopment for the chance to be a part of something being created from the ground up.

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