Monday, March 20, 2017

Massive 1,555 Unit Residential Project For Rhode Island Ave

As one of the largest redevelopment projects in Washington, D.C., developer MRP Realty is planning on razing a retail center near the Rhode Island Avenue Metro station to construct 1.56 million-square-feet of residential, 245,000-square-feet of retail, and 1,992 parking spaces. The retail center, known as Rhode Island Center, will be razed to construct seven buildings with ground-floor retail, covering roughly six blocks of space.

The development plan calls for 1,555 residential units with eight percent set aside for affordable housing. The units will range from studios to three-bedrooms.

The first of the six-phase project will redevelop two buildings along Rhode Island Avenue NE into 345 residential units. Construction is expected to begin in late 2016.

MRP, with B&R Associates LP and Sandrock LP, proposes to transform 13 acres encompassing the Rhode Island Center — anchored by Save-A-Lot, Big Lots and Foreman Mills — a self-storage warehouse and 13 single-story retailers into a mixed-use, transit-oriented community that promises to “ultimately establish this locale as a destination in and of itself.”

The project will replace a shopping center that was the “product of the times in which it was built: it is auto-centric, set back from the street and does not interact with the greater community; it does not facilitate connections within the community but rather isolates itself, creating a barrier between the Metropolitan Branch Trail and the pedestrian path to the Rhode Island Avenue-Brentwood Metrorail Station.”

The development proposal calls for six new blocks along an extended street grid, all consisting of residential over ground-floor retail and 1,992 parking spaces.

The development site is bounded by Fourth Street NE to the west, Rhode Island Avenue to the south, the Metrorail tracks and the Metropolitan Branch Trail to the east and the Edgewood Terrace apartments to the north.

The number of units: 1,555, in a mix of studio to three-bedroom. Eight percent of the gross floor area, or 124,612 square feet, will be set aside as affordable.

There will be seven buildings. The first phase will feature two buildings on the two blocks closest to the Metro, to Rhode Island Row and the Brentwood Shopping Center.



The design of the first two buildings, totaling 345 units, “will pay homage to the industrial area that helped shape this neighborhood while generating an architectural vocabulary unique to this project.

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Northeast D.C., -- from Rhode Island Ave to Union Market, to NoMa Brookland to H Street, to New York Avenue -- is the epicenter of D.C.'s booming redevelopment pipeline.

Only last month, the JBG Cos. and the Boundary Companies proposed building 691 residential units over retail for the New York Avenue-Florida Avenue intersection.


Edens will break ground soon on multiple projects at Union Market, while LCOR recently picked up $30 million loan to build the 187-unit Edison at 340 Florida Ave. NE, and Level 2 Development has earned Zoning Commission approval for the 315-unit Highline at Union Market, 320 Florida Ave. NE.
 

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