Abdo Development’s massive plan to develop 17 acres of auto lots and underutilized space at the intersection of New York Avenue, Bladensburg Road, and Montana Avenue NE took a significant step forward in mid-February, when the DC Zoning Commission gave its stamp of approval to the company’s $1.1 billion residential mixed-use planned unit development proposal.
Abdo (with partner Broadway Management), envisions building at new town center called "Arbor Place" (so named after the nearby National Arboretum), which will include eight 11-story residential towers (some possibly with rooftop swimming pools) containing approximately 3,600 residential units (mainly condos, with some rentals possible), plus 130,000 sf of retail facing new York Avenue, a grocery store, and the 42,000-sf "Arbor Club" health club/day car center open to public membership - all surrounding a three-acre park. Pricing is expected to be in the $450 to $475 per sf range, with about eight percent of the housing reserved as affordable housing. Abdo is currently working with WMATA to get a bus stop at the development, but will also provide a shuttle to the nearby Rhode Island metro station.
The developer plans to finish acquiring all the land by June 2007, with demolition starting in mid-2008. If all goes on schedule, the residential buildings will be ready for occupancy in late 2010.
Note: We know, we know - you all want pictures and designs. As soon as we get our hands on some, we will be sure to put them up!