Howard University is keeping the development momentum going this year with the announcement of a new project.
Yesterday, the institution announced that MRP Realty had been selected to redevelop the surface parking lots at 9th and V Streets NW (map). A by-right residential development is being proposed and is expected to deliver a 230,000 square-foot building to the 32,000 square-foot site.
Bisnow reported that the new building will deliver 310 apartments above retail. W Street will also be extended through the site to reconnect the street grid; raze applications were filed for the vacant industrial buildings on the site last September. The Gideon Companies and Equity Residential are also on the development team; SK&I Architecture is the designer.
This development, which will be brokered through a ground lease, joins neighboring projects the Wren and the expected redevelopment of the historic Bond Bread and WRECO buildings in mixed-use projects the University has facilitated.
“Howard is one of the most active institutions in the nation executing these type of commercial initiatives," Howard University real estate executive Anthony Freemand said in a statement. "This is yet another example of successful partnerships with premier regional and national developers to breathe new life into neighborhoods, while retaining fee ownership of the University’s robust portfolio of assets.”
All renderings courtesy of SK&I Architecture.
This article originally published at https://dc.urbanturf.com/articles/blog/310-apartments-slated-for-howard-university-owned-parking-lot/16399.
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