As reported on October 18 by DCMud (a DC real estate gossip blog), this project is finally moving forward and will transform our Square-394 neighborhood a-top of the Shaw/Howard University Metro Station, at the intersection of 7th and S Streets, NW.
This project will provide for the following real property improvements within Square 441:
- Mixed-use development - 319,917 sq/ft, above grade in $120 million total development investment
- 250 space below-grade parking garage
- 103,083 sq/ft. commercial space - Radio One returns to city
- 24,323 sq/ ft of local retail/arts space -10% will be affordable retail space
- 202 residential units - 25% will be affordable and workforce housing, in 192,511 sq/ft
Review the developer's May-2006 comments on and creative visioning regarding the thriving future of our neighborhood as a broadcasting- and artist-studio haven (from the Washington Post, by Dana Hedgpeth, Monday, May 26, 2006; D03: Developer Has the Past in Mind for Shaw).
2 comments:
This is great news for Square 394! More Development, means more density, which means stable real estate values, and increased ammenities within walking distance!
It is great news. Its going to completely revitalize the neighborhood. What surprises me is that even with the recent release of Radio-One's profit falling over 40%, Douglas Jemal was still able to have the lease signed before breaking ground. Talk about a feat.
The vision of creating the cities entertainment district in the neighborhood is amazing as well. From their anticipated window front broadcasting (similar to the Today Show) to the size of the space leased, the project is the pinnacle of the five next large developments across the city.
The others are
McMillan Reservoir
Poplar Point
Southwest Waterfront
Brookland (at Rhode Island & 7th NE, Also a Doughlas Jemal Development)
Post a Comment