Home | Newsletter | Advertise
loading...

Fundrise Wants Florida Avenue Parcel, Soliciting Interest From Investors

  • May 16, 2013

by Shilpi Paul

Fundrise Wants Florida Avenue Parcel, Soliciting Interest From Investors: Figure 1
The Griffith.

Fundrise has their eyes on an in-demand Florida Avenue parcel and is calling out to potential investors to help make their case to purchase it.

965 Florida Avenue is a sought-after piece of DC-owned property; after seeking proposals, the city zeroed in on two potential development groups and are comparing plans now. One team consists of MRP Realty and Ellis Development Group, who have chosen to work with Fundrise to facilitate community investment in a project dubbed The Griffith. The other team includes The JBG Cos., and we recently published details of their plan, which includes 200 micro-units.

The property is now live on Fundrise’s website, and the Rise folks are calling out to potential investors to make their interest known. Like their previous “testing the waters” cases, the agreement is not binding, but Fundrise hopes that the interest expressed in dollar signs will add weight to their proposal. “Help us win the right to purchase 965 Florida Avenue NW by demonstrating demand for public investment in publicly-owned properties,” says the website. The offering size is $300,000, a small fraction of the total investment that the developers would be putting into the site.

The Griffith would be a 370,000-square-foot mixed-use project with an “indoor farmers market” on the ground floor and several stories of residential units above. Investors can buy shares at $100 a piece.

Similar Posts:

See other articles related to: shaw, fundrise, 965 florida avenue

This article originally published at http://dc.urbanturf.com/articles/blog/fundrise_wants_florida_avenue_parcel_soliciting_interest_from_investors/7078

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. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse