Four-Teams Shortlisted to Develop 5th and I NW Lot
One of four teams will soon have the opportunity to develop a rarity in the District: a vacant lot in the heart of the city.
Yesterday, the city announced a shortlist of four teams of developers to build a mixed-use complex on a city-owned piece of land in Mount Vernon Triangle at the corner of 5th and I streets NW, currently used as a surface parking lot. The city is seeking a project that will include condos or apartments and retail, with an affordable housing component. It also wants "a transit oriented development that reflects the project's adjacency to multiple Metro Stations," according to the solicitation to developers.
The parcel is small for a mixed-use development, at just over 20,000 square feet. But it has an increasingly valuable location, just off Massachusetts Avenue and a block from the main intersection of booming Mount Vernon Triangle, which has grown from a crime-ridden patchwork of surface parking lots to a dense residential neighborhood in a matter of years. It's also a short walk from Chinatown and downtown.
Responses from developers were due by July 19. The city hoped to name a shortlist by late summer, to have the selected developers present their plans to the community this fall, to receive final offers and proposals from the developers subsequently, and to select a team in the late fall. Given that the short list was just announced yesterday, the city appears to be behind schedule.
Here are the four teams short-listed for the project, all of which have partners with extensive experience in big D.C. developments:
· Akridge, Jefferson Apartment Group, Jarvis Company, Escoff and Associates
· JBG, Moddie Turay Company, Morris Adjmi Architects, Eric Colbert and Associates
· Trammell Crow, CSG Urban partners, Leo A Daly
· Peebles Corporation, Walker Group, WDG Architects
Image via Google Maps