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"This project is a perfect example of how we can leverage our resources to both greatly improve the vitality of Georgia Avenue and provide residents with the kind of high quality and convenient neighborhood amenities they both expect and deserve," said Fenty.
The District's Department of Housing and Community Development and Housing Finance Agency cumulatively contributed almost $20 million towards the project; NDC will also receive more than half a million dollars in tax incremental financing from the city for their next scheduled project, The Heights on Georgia Avenue. DCmud recently discussed NDC’s upcoming slate with founder and CEO, Adrian G. Washington in a recent interview.
Financed by $28 million from a laundry list of contributors, including the District of Columbia Housing Finance Agency, the District of Columbia Department of Housing and Community Development, the Wachovia Affordable Housing Community Development Corporation and MMA Financial, NDC founder Adrian Washington says, “The Residences is a shining example of what can be accomplished when the private sector works hand in hand with the community and the District government to move neighborhoods forward.” The project was designed by local architects, Wiencek and Associates.
The project, which broke ground in September 2007, will also be home to the District’s second Yes! Organic Market in as many years (the first opened at PN Hoffman’s Union Row development in November). The new, 10,000 square foot Yes! - Petworth’s first boutique grocer – will open this coming summer following completion of its own independent, interior build-out.
In the meantime, the Residences at Georgia itself will become an official addition to the Georgia Avenue corridor after a ribbon-cutting ceremony – to be attended by Mayor Adrian Fenty and Ward 4 Councilmember Muriel Bowser - on March 31st at 10:30 AM.
Washington DC real estate development news
January 30, 2009
Honorable Adrian Fenty
1350 Pennsylvania Avenue, NW
Washington, DC 20004
Dear Mayor Fenty;
This letter is to express my disappointment at the way you and your administration has handled the Poplar Point development. The announcement this afternoon terminating the partnership with Clark Realty is another staggering blow to a project that was already hindered by an unfocused approach. I told you over a year ago that your quick change in direction to put the project out as an RFP would stall the efforts to keep things moving in the right direction. I still believe that the original approach was the best option to rapidly plan and execute this critical development. The setback today demonstrates how your administration's decision making places the promise that is Poplar Point farther out of the reach of the residents of Ward 8.
For over three years the Advisory Neighborhood Commissions, heads of civic associations, ministers and other community persons have spent hundred of hours giving input in what we in Ward 8 wanted to see at Poplar Point. Moreover, I have personally met with Deputy Mayor Neil Albert at least a dozen times as it relates to the development of Poplar Point. Early on he discussed with me the attitude of Council as it related to the original approach to the project. I told him repeatedly, that the great majority of Councilmembers, for the sake of urgency and expediency, would support the sole source deposition if the community were in agreement with the plan, which they were.
It has always been understood that this would be a complicated process. The clear attitude was to support a direction that would allow planning and other preparations to keep pace with the mountain of federal requirements that have to be satisfied. This is no longer possible, at minimum a year has been added to the process.
I have never seen the Ward 8 community so unified behind a project such as Poplar Point. Now I will be forced to face my constituents and community leaders to tell them we are headed back to the drawing board. Over my concerns and those of the people, many of whom it took a long time to convince to support any project at Polar Point, you charged ahead without us. I am certain that this serious misstep will have a lasting negative effect on the public support for the project. In addition, it will be difficult to attract a quality developer to the project. Even so, I remain optimistic that your administration will move quickly to resolve this situation. Your next steps will be crucial in maintaining the promise made to the citizens of Ward 8.
I look forward to your response on this important matter.
Sincerely,
Marion Barry
Councilmember, Ward 8