Saturday, October 10, 2009

Land Dispositions Receive Council Approval

Donatelli Development, Blue Skye, Minnesota-Benning, Banneker VenturesA series of Land Disposition Agreements related to three major developments planned across Washington DC all received City Council approval this week. The Council previously reviewed the proposals and heard community comments during a July session, and issued their decisions publicly. Donatelli Development, Blue Skye, Minnesota-Benning, Banneker Ventures1. Donatelli Development and Blue Skye Development's Minnesota-Benning Phase 2 Redevelopment, the planned low-income housing and retail space adjacent to the Minnesota Avenue metro station. The 5-acre, $108m project will bring 375 affordable and 60 market-rate units to Ward 7, with completion as early as 2011. 2. Denning Development, Donatelli Development, Blue Skye, Minnesota-Benning, Banneker VenturesUrbanMatters Development Partners and Beulah Community Improvement will redevelop properties located at 400-414 Eastern Avenue, NE and the 6100 block of Dix Street NE. The selected plan will offer 56 affordable for sale 3-bedroom townhouses, ideally completing in late 2011. 3. Washington Community Development Corporation (WCDC) and Banneker Ventures LLC's Strand Theatre development will transform the 80-year-old former movie theater into the new home of an 18,000-s.f. restaurant and 18,000 square feet of “affordable” office space. The LDA was announced exactly one year after Mayor Adrian Fenty chose the developers for the long-neglected Deanwood project. Strand Theater redevelopment, Minnesota-Benning, Adrian Fenty

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