What's Hot: A (Slight) Price Drop For Dianne Feinstein's DC Home | The Plans For a 68-Unit Condo/Townhouse Project in Downtown Bethesda
The People's Choice: Developer Chosen For H Street Library Site
1300 H Street NE, currently. Photo courtesy of NCinDC.
Last October, UrbanTurf reported on the six proposals being considered for the redevelopment of an increasingly prime piece of real estate — the site of the R.L. Christian Library at 1300 H Street NE.
After putting out a request for proposals (RFP) to develop the site, the Office of the Deputy Mayor for Planning and Economic Development (DMPED) spent the fall considering the options, all of which contained residential and retail aspects. As the RFP had requested community-serving features, proposals included public space, local business incubators, an art gallery and a police substation. (Check our previous article for the details.)
The winning proposal.
The winner? The submission from Fundrise and H Street Community Development Corporation, which includes a 30-unit condo building along with a large retail component that would include a local food market, a retail incubator for ten local merchants, and investment through Fundrise’s crowdfunding system. Six of the 30 units will be kept affordable for artists and social entrepreneurs.
As stated in a press release from Fundrise, they believe that the community investment model helped their proposal stand out.
Our readers seem to have the same taste as DMPED: in a poll comparing the six choices, the Fundrise and H Street CDC option also came out on top.
See other articles related to: 1300 h street ne, fundrise, h street, h street community development corporation, h street corridor, popularise
This article originally published at https://dc.urbanturf.com/articles/blog/the_peoples_choice_developer_chosen_for_h_street_library_site/6567.
Most Popular... This Week • Last 30 Days • Ever
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
UrbanTurf continues our tour of neighborhood developments around the region as we tak... read »
A regular inclusion as one of DC's most expensive housing markets, Georgetown remains... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro