(Washington, DC) The District received seven proposals from development teams interested in redeveloping a half-acre site at Fifth and Eye streets NW near the Washington Convention Center, Deputy Mayor Neil O. Albert announced on Monday.
“This is really one of the last sites left in the Mount Vernon Triangle,” Albert said. “This neighborhood has basically sprung up over night and this site presents a great opportunity to add some dynamic uses to better serve the existing community and the new mix of office, retail and housing.”
The teams are lead by:
- Buccini/Pollin Group
- Clark Realty Capital
- Donohoe Development Co
- JBG Cos.
- MVT Associates, LLC
- The Neighborhood Development Co.
- Potomac Investment Properties, Inc.
The various proposals for the site include boutique and high-end hotels, restaurants, spas fitness clubs, cafes and coffee shops, jazz clubs and live entertainment venues. Some proposals included apartments and condos, which would include affordable housing. All the proposals included at least 100 underground parking spaces.
During the next several weeks, the staff in the Office of the Deputy Mayor for Planning and Economic Development will vet the proposals and schedule a public meeting where the teams will present their plans to the community.
The Fifth and Eye site is a part of the Mount Vernon Triangle, a 30-acre, 15-block section of the center city, which is in the midst of a radical transformation from a collection of vacant properties and commuter parking lots into a vibrant, mixed-use neighborhood on the cusp of the District's downtown. The Triangle's growth was spurred in part by the District's catalytic CityVista project. There is currently more than 4 million square feet of development in the neighborhood's development pipeline.