SOURCE: The Neighborhood Development Company

The Neighborhood Development Company

March 01, 2012 10:00 ET

Groundbreaking Ceremony for "The Heights on Georgia Avenue" to Be Held on March 8, 2012

WASHINGTON, DC--(Marketwire - Mar 1, 2012) - The development team of The Neighborhood Development Company (NDC) and Mi Casa, Inc. announce that the groundbreaking ceremony for "The Heights on Georgia Avenue" will be held at 10:30 am on Thursday, March 8, 2012. The Heights, a 69 unit rental housing building, is located at 3232 Georgia Avenue, N.W. in Washington, DC at the corner of Georgia Avenue and Lamont Street. This striking new 100,000 square foot building, which mixes traditional architecture and contemporary design elements, will contain a mixture of one bedroom, two bedroom and three bedroom units. It will also contain a second floor tenant community space, a second floor garden area, a "green" roof deck, and other sustainable development features.

In addition to bringing new rental housing to the community, the first floor of the building will contain over 10,700 square feet of neighborhood serving retail. On site construction began in January of this year, with completion expected by early second quarter 2013.

Invited guests for the groundbreaking include District of Columbia Mayor Vincent Gray, District Ward 1 Councilmember Jim Graham, and other Council members. In addition the leaders from our financial partners for the project are also expected to attend, including District of Columbia Housing Finance Agency (DCHFA), the District of Columbia's Department of Housing and Community Development (DHCD), the Deputy Mayor's office for Planning and Economic Development (DMPED), Citi Community Capital (Citibank), Wells Fargo Affordable Housing Community Development Corporation and Enterprise Community Loan Fund.

Key members of the development team include Hamel Builders, Inc. (General Contractor), Grimm + Parker Architects, Dantes Partners (Financial Consultant), Klein Hornig LLP (Legal) and Holland & Knight LLP (Legal).

Adrian Washington, Founder and Principal of NDC, said: "NDC and Mi Casa are happy to join with the many people who made this project possible for this ground breaking celebration. We are excited that this project is now underway and look forward to delivering another positive addition to the revitalization efforts of the Georgia Avenue corridor."

About the Companies:

The Neighborhood Development Company (NDC) www.neighborhooddevelopment.com is a unique real estate development company that focuses on the revitalization of emerging urban neighborhoods. The company's mission is to create exciting residential and commercial properties that advance the revitalization of urban neighborhoods while respecting the rich diversity of their existing fabric. Founded in 1999, the company has completed the development of over 450,000 square feet of real estate, with another 500,000 square feet in the development pipeline, and is a joint venture participant in other projects representing nearly $2 billion in investment. NDC has led the revitalization of the District's vital Georgia Avenue corridor, with over 400 housing units constructed or under development in this area. NDC has received numerous awards and has been recognized in numerous national and local publications and has been twice listed as a member of Black Enterprises' "BE 100."

Founded in 1992, Mi Casa, Inc. www.micasa-inc.org is a nationally recognized, locally based non-profit organization whose mission is two-fold. It provides affordable home-ownership and other housing opportunities to those who would otherwise not be able to access quality housing and throughout work to foster healthy and thriving communities. Mi Casa believes in a world where families and individuals have access to well-designed, quality and affordable places to call home, and also believes that strong neighborhoods occur when people are empowered to make decisions about their environment.

For more than fifteen years, Mi Casa has worked to upgrade deteriorating urban housing stock and connect people with homes. Mi Casa is also committed to maintaining neighborhood open spaces and community multi-use and service areas for existing populations.

Contact Information

  • Contacts:
    The Neighborhood Development Company
    Juan H. Powell
    Principal
    202.722-6002
    Email Contact