Groundbreaking for 'CityMarket at O Street' Project
WI Staff | 11/22/2011, 1:48 a.m.
$300 Million Development to Bring Jobs, housing and retail
Last week, Mayor Vincent C. Gray, Acting Assistant Secretary of Housing and Urban Development (HUD) and Federal Housing Administration (FHA) Commissioner Carol Galante, and Congresswoman Eleanor Holmes Norton (D-D.C.) officially marked the commencement of work on CityMarket at O, a one-million square-foot mixed-use development in the historic Shaw neighborhood at 7th and O streets NW.
"CityMarket at O will enhance the quality of life in Shaw and help reconnect this historic neighborhood to downtown, Gallery Place, the U Street Corridor and Howard University," Gray said. "This development serves as another key component in re-knitting the District's urban fabric, restores a long-neglected historic building to its original purpose as a food market, and brings jobs and affordable housing to a rapidly changing neighborhood."
CityMarket at O is one of 14 infrastructure projects around the country selected by the Obama administration to be expedited through the permitting and environmental-review process. City officials say the District will invest $37.5 million through a grant and tax-increment financing (TIF) proceeds and generate over 2,400 jobs.
A landmark project for HUD, CityMarket at O is the only mixed-use development (and non-infrastructure project) to be fast-tracked for funding by the Obama administration, officials said. A component in the revitalization of the Shaw neighborhood, CityMarket at O will boast 635 residential units. Of those, 84 units will be set aside for seniors and affordably priced, 401 will be market-rate apartments, and 150 will be high-end condominiums.
Mayor Vincent C. Gray (left) and Richard Lake of Roadside Development participate in groundbreaking ceremonies./Courtesy photoRestoration and reconstruction of the historic 1881 O Street Market building - part of the District's original network of food markets, which included Eastern Market - is the centerpiece of the CityMarket at O project. The historic brick structure will be restored to house a flagship 72,000-square-foot Giant Food supermarket. The development also will include retail and restaurants, a 182-room Cambria Suites hotel, over 500 vehicle parking spaces, 300-plus indoor bike parking stalls, and a 270-linear-foot rooftop dog park. Officials also said CityMarket at O will bring an estimated 1,000 new residents to the Shaw neighborhood.
Construction on the Giant Food supermarket is slated to be complete by the summer of 2013. The 182-room hotel and 401 units of market-rate rental housing will open in early fall 2013. Completing the project, the 84-unit affordable senior housing building and 150-unit condominium building will be delivered in fall 2014.
In addition to Bernstein Management Corporation, Roadside Development teamed up with the District, Giant Food, D.C. Regional Center and EB5 Capital to produce the project. Other team members include Clark Construction, Bozzuto Management, Shalom Baranes and Associates, Concord Hospitality and Choice Hotels.