GENERAL PROJECT INFORMATION
1 1B
965 Florida Avenue NW, Washington, District of Columbia 20001

MRP Realty & Ellis Development Group
The District obtained this property in a land swap with Howard University in 2008.  The District released an RFP for a mixed-use development on Nov. 16, 2012 and received two responses.  It was awarded on July 30, 2013 to a joint venture of MRP/Ellis Development.  Council approved the disposition of this parcel on October 6, 2015 and a PUD increasing the allowable height of the building was approved by the Zoning Commission in June 2016.  The project closed in November 2017 and construction is underway.

Project Redevelopment Plans:  The development team shifted its original program to comply with both community demands for a full-service grocery store and the new 10-801 affordable housing requirements.  The building, as proposed in the PUD, will include 433 units of housing including 133 affordable units at 30% and 50% of Area Median Income.  The project will also feature at 46,000 sf Whole Foods grocery store on the ground floor and upgrades to the surrounding street grid and streetscape.  

The project is expected to cost over $101M.  It will generate 300 permanent jobs, over 800 construction jobs, and nearly $75M in new tax revenue over 30 years.

Conveyance Details: Fee simple transfer.
DMPED executed the LDA on Nov. 17, 2015.  Developer submitted a PUD application to Zoning Commission in December 2015 to increase the allowable height of the building.  The Zoning Commission approved the proposed action on June 6, 2016.  The project closed in November 2017 and construction is underway.
PROJECT DETAILS
433 301 132
Affordability Levels (% of Area Median Income)
33 99
402,785
351,245 51,540 343
The Developer will provide over $3.4M in public benefits including funding for (1) a Local Retail Assistance Program, (2) a Business Incubator Program with a local university, and (3) a $200,000 community grant program to support job training.  As part of the project, the developer will also reconstruct the intersection of Florida Avenue and Sherman Ave, provide a new stop light at the V Street intersection, improve the streetscape, meet LEED for Homes v.4 standards, and put a new pocket park across Florida Avenue.
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