Home | Newsletter | Advertise

MRP Wins Bid to Develop 965 Florida Avenue

  • July 30th 2013

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

MRP Wins Bid to Develop 965 Florida Avenue: Figure 1
Rendering for 965 Florida Avenue.

The Deputy Mayor for Planning and Economic Development has made its decision as to who will redevelop a sought-after Florida Avenue NW parcel.

The city gave the go-ahead to the team made up of MRP Realty, Ellis Development Group and Fundrise to develop 965 Florida Avenue NW (map), the Washington Business Journal is reporting. The initial plans that the team has in mind for the site include a 370,000 square-foot mixed-use building with a residential component and a market made up of stores and small grocers on the ground-level.

MRP Wins Bid to Develop 965 Florida Avenue: Figure 2
Rendering of planned retail.

The MRP-led team was going up against a mixed-use proposal from the team of JBG, Gragg & Associates and Moddie Turay Comapany. The plans for the JBG proposal included a 125-room hotel, 70,000 square feet of office space targeted at creative and local uses, a previously-reported Harris Teeter, a 100-unit condo development with 22 affordable units, 250 apartments, 200 micro units and the W Street extension, a large outdoor plaza.

MRP Wins Bid to Develop 965 Florida Avenue: Figure 3
Rendering for 965 Florida Avenue.

The decision to go with the MRP proposal hinged at least partially on that proposal’s plan to create more affordable housing, a point that JBG takes issue with.

“The JBG/Gragg proposed plan actually provided 22 more affordable housing units than proposed by the MPR/Ellis plan, for a total of 80 affordable units,” JBG’s James Nozar wrote in an email to UrbanTurf. “It goes without saying that we are very disappointed in the city’s decision given our tremendous investment in this proposal and in the surrounding area.”

See other articles related to: 965 florida avenue, jbg, mrp realty

This article originally published at https://dc.urbanturf.com/articles/blog/mrp_wins_bid_to_develop_965_florida_avenue/7393.

Pipeline: New Condos & Apartments Coming to the DC Area

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

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