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The $108 million mixed-use project
“This area is what some are now calling ‘Downtown Ward 7,’” said Fenty. “That is because of the energy, the already existing activity level and also the great potential of Minnesota Avenue and Benning Road.” The intersection currently houses several strip malls, an auto parts store and a parking garage dedicated to Metro parking (pictured).
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This announcement follows an RFP for the site issued last spring and a competing proposal from City Interests, LLC. Christopher Donatelli, President of Donatelli Development, said he expects construction on the by-right development to begin “as quick as possible,” with a probable start date sometime in the next 18 months. He went on to say that the project should be open for business “36 months from today” – meaning the first signs of a true downtown for Ward 7 should start to crop up in late 2011.
The project is being fast-tracked by the District, as it requires no subsidies from the local government and no changes in zoning. Donatelli is also taking advantage of federal lending programs targeted at affordable housing development that will allow them to move forward with the project during the current economic slowdown.
“As long as there is a need for affordable housing - and we know that there is - this project will be addressing the supply,” said Donatelli. Donatelli has substantial cred with the Mayor, after having transformed Columbia Heights from a similarly vacuous site to a thriving metro center. Blue Skye was chosen just last week for redevelopment the Tewkesbury, a blighted District-owned apartment building in Brightwood that will convert to condominiums. Lacey
4 comments:
this looks great! do you by any chance have a site plan?
did you, by chance, have someone there for the "downtown ward 7 tour" that was put together by the coalition for smarter growth on saturday? city interests gave a pitch for their plan there, and it sure sounded like they thought they had the inside track on this. wonder what happened.
I think Donatelli is the correct choice. An experienced developer with a passion for the community (which CityInterest has as well) and a history of high-quality construction. City Interests will have the adjacent plot (I believe) so they hopefully can work together to create a quality project on their own.
IM Goph, I think City Interests' proposal required a hefty TIF subsidy, while Donatelli did not. Therefore, it was a responsible choice by our government. No need to give out taxpayer money unless it is needed to get it done. If anywhere I support the use of taxpayer subsidies though, it's across the river...
SG - i wasn't aware of the TIF money, so thanks for pointing that out.
that being said, the city sure hasn't seemed to have a problem with using TIF funding in other projects (but i realize we are hitting up against our debt ceiling now).
city interests has the property on both the northeast and southeast corners here, and maybe the southwest corner as well, i think. you're right, they should find a way to work together on this one (though i'm sure city interests would have loved to do the whole thing themselves.)
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