The DC government today issued a request for proposals for up to 300,000 s.f. of development rights near the ballpark and Buzzard Point, inviting developers to bid on land within the "Capitol Gateway" overlay areas of southwest and southeast DC.
The District of Columbia, through the
Office of the Deputy Mayor for Planning and Economic Development
(DMPED), is putting development rights up for bid in the form of Combined Lot
Development rights - additional square footage for landholders within the overlay. The areas are designated for mixed use development, under the current regime developers are able to combine two lots and transfer density between them. The initiative unveiled today adds an additional 300,000 s.f. of development rights within the zone, increasing the density within the high-growth corridor that lines the Anacostia waterfront.
The Request for Expressions of Interest was issued in an 8-page publication - a more streamlined version than past requests, reducing the technical compliance burden on developers. Responses to the request are due August 31st.
Washington D.C. real estate development news