Rendering of Gateway Market Center
EDENS and Sang Oh Choi have made a few changes to the proposal for their mixed-use project adjacent to Florida Avenue Market and Union Market, reported the Washington Business Journal on Friday.
Intended as a catalyst to revitalize the entire Florida Avenue Market complex, developer EDENS and owner Choi have been putting the finishes touches on a planned unit developer (PUD) for Gateway Market Center. When we last reported on the project, they appeared to be planning about 200 apartment or hotel rooms at the space, which is located between Morse Street, Fourth Street and Florida Avenue NE (map).
The Business Journal has a bit more detail on the plans. According to the PUD application, EDENS hopes to building 170 to 216 residential units over 275,00 square feet of ground floor retail. However, the developer wants to be able to flip the residential units into a hotel, if the market looks like it would suit that.
This plan is a 130,000 square feet smaller than an earlier plan that the developer submitted in 2008. Though approved by the Zoning Commission at the time, reported the Business Journal, they had a hard time securing financing.
This article originally published at http://dc.urbanturf.com/articles/blog/more_details_on_the_union_market_residential_hotel_project/7021
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