What's Hot: The Grass House in Anacostia | 6.13%: Mortgage Rates Fall Again
Deanwood Development With Grocery Gets Green Bank's First Predevelopment Loan

While this mixed-use Deanwood development didn't meet its crowdfunding minimum, it just won additional funding from an unlikely source.
The DC Green Bank announced a $250,000 pre-development loan this morning for developer Medici Road to realize its by-right project at 4276 Sheriff Road NE (map). The development will include 13 condos for households earning up to 80% of area median income; co-working space; a headquarters for Medici Road; and 6,800 square feet of retail, including a 2,500 square-foot grocer.
story continues below
loading...story continues above

As designed by architect Michael Weincek, the 17,000 square-foot building would include a rooftop solar array and a means to recycle stormwater. It is projected that the solar power would save each resident $2,400 on electricity over 10 years, and the stormwater system would have a 9,000 gallon capacity for each weather event and would reduce soil erosion and pollution by 2-5%.
Medici Road has also received funding from Capital Impact Partners's loan fund; the developer expects to acquire building permits early next year.
See other articles related to: deanwood, deanwood station, green bank, medici road, weincek
This article originally published at https://dc.urbanturf.com/articles/blog/mixed-use-deanwood-development-gets-green-banks-first-predevelopment-loan/18720.
Most Popular... This Week • Last 30 Days • Ever

This Week's Best New Listings includes a Shaw condo with soaring ceilings, a Wesley H... read »

Dupont Circle’s Swann House, a former 15-bedroom bed and breakfast, will be listed ... read »

A recent build in Anacostia made history as the first code-compliant bamboo building ... read »

There are two new proposals to redevelop the center at 14th and U Streets NW that are... read »

The recently-filed amendment would help move redevelopment of a police and fire stati... read »
- Best New Listings: Soaring Ceilings and Stone Exteriors
- One of Dupont Circle's Oldest Mansions to Hit the Market
- The Week's Find: The Grass House in Anacostia
- Apartments, Amphitheaters, and Dave Chapelle: The Revised Proposals For DC's Reeves Center
- Map Amendment Could Pave Way For Big U Street Redevelopment
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro