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Fenty Unveils Economic Initiative for New Investment in Emerging Neighborhoods

Monday, March 3, 2008
Fenty Unveils Economic Initiative for New Investment in Emerging Neighborhoods

(Washington, DC) Mayor Adrian M. Fenty on Monday unveiled the District’s Center City Action Agenda 08, a bold new economic development initiative that aims to spur new investment in emerging neighborhoods that surround the city’s traditional downtown.

"This agenda provides a compelling vision and a strategic implementation plan for growing the District’s economic base and providing employment opportunities, better services and ultimately an improved quality of life for the residents of nation’s capital,” Mayor Fenty said. “And we are leading this effort by example.”

As an example the District’s desire to encourage new investment in emerging neighborhoods, Fenty said the District will move the Department of Housing and Community Development’s headquarters from the Union Station area to Anacostia Gateway, a 63,000 square foot building at 1800 Martin Luther King Jr. Avenue, SE. The building is partially controlled by the District and DHCD’s 178 employees will make the move East of the River in September.

The Center City strategy is intended to solidify the District’s position as the heart of the region by encouraging investments in housing, arts, culture, recreation and transportation. It is the Administration’s goal to transform the District into a globally competitive and sustainable model capital city. The District’s traditional downtown is nearly built-out and development is surging to new neighborhoods like NoMa, the Southwest Waterfront, the Capitol Riverfront and Anacostia.

The development and employment goals of the Center City Action Agenda call for:

  • 3.9 million square feet of retail, office, housing annually;
  • 6,000 office-related jobs, 700 retail jobs, and 500 hospitality industry jobs annually;
  • A focus on affordable housing;
  • New retail and entertainment attractions; high-quality parks and open space;
  • Sustainable design features and green-oriented job growth; and
  • Streetcars and improved streetscapes to create walkable streets.