Notable Local Developments

Burnham Place

Union Station Renovation & Expansion

50 Massachusetts Avenue Northeast

$10 Billion

Start: Late 2023

Anticipated Finish: 2040

Developer(s): Amtrak, Union Station Redevelopment Corporation

The $10 billion plans to modernize the nation’s second-busiest rail hub include a major reconfiguration of the bus terminal to align with a new train hall, addIng wider rail platforms, a new bus terminal and updated concourses lined with shops and restaurants, and improved accessibility to Metrorail, buses, taxis, ride-hailing services, streetcars and parking

14-acres encompassing the Union Station rail yard between K Street and 1st and 2nd Street NE

$3 Billion

Start: Not Disclosed

Anticipated Finish: 2030

Developer(s): Akridge

Burnham Place, a proposed 3 million SF development, will be built above Union Station’s rail yard, providing direct access to a newly expanded and improved station facility. The development will feature a mix of 1.5 million SF of first-class office space, over 1,300 residential units, 100,000 SF of retail space, and hotel space, as well as parks and plazas.

McMillan Sand Filtration Site

25-acre site at North Capitol Street, Michigan Avenue, and First Street NW

$720 Million

Start: 2022

Anticipated Finish: Not Disclosed

Developer(s): EYA, Jair Lynch, Trammel Crow

The $720 million, 25-acre redevelopment of the former McMillan Reservoir Sand Filtration Site includes 860,000 SF of medical office, 467 apartments, a 52,000 SF supermarket, 146 townhomes and a central park and community center.

7 New York Ave

7 New York Avenue Northeast

Cost Not Disclosed

Start: 2022

Anticipated Finish: Not Disclosed

Developer(s): Akridge

A redevelopment of the former Covenant House location, this new project will deliver 116 residential units primarily consisting of micro units.

1 Florida Ave

1 Florida Avenue Northeast

Cost Not Disclosed

Start: 2021

Anticipated Finish: Not Disclosed

Developer(s): Aria Development

Aria Development is replacing a former Exxon Mobile gas station at the corner of North Capitol Street and Florida Avenue, bringing a new 13-story-pluspenthouse building with 388 units and a swimming pool to the site.

The 202

202 Florida Avenue Northeast

Cost Not Disclosed (developer received a $69.4M loan)

Start: 2022

Anticipated Finish: 2023

Developer(s): MRP Realty

Located in the NoMa neighborhood and adjacent to the Union Market district, the 202 will deliver a 16-story high-rise apartment building with 254 units and 3,800 SF of retail. The building will include a mix of studio, one-bedroom, and two-bedroom units. Residents will enjoy a rooftop club room, pet facilities, fitness center, and shared workspaces.

Capitol Point North

1300 First Street Northeast

Cost Not Disclosed

Start: Not Disclosed

Anticipated Finish: 2024

Developer(s): JBG Smith

JBG Smith has submitted plans for a +700,000 SF mixed-use development on the 1.5acre site at 55 and 75 New York Avenue. The property is currently home to a McDonald’s and a three-story office building. The development would include 805 residential units along with over 30,000 SF of retail and restaurant space as well as a penthouse-level restaurant/bar.

Financial Plaza

60 New York Avenue Northeast

Cost Not Disclosed

Start: 2022

Anticipated Finish: 2025

Developer(s): Douglas Development Corporation

The General Services Administration signed a 1.23 million SF lease with Douglas Development Corporation for a new Securities and Exchange Commission headquarters to be constructed which will house approximately 4,500 SEC employees. The triangular site, bounded by New York Avenue, North Capitol Street and First Street NE, can also accommodate another 600,000 square feet of office or 600 residential units.

District of Columbia Housing Authority Redevelopment

1133 North Capitol Street Northeast

Cost Not Disclosed (land purchased in 2019 for $67 million)

Start: 2022

Anticipated Finish: 2024 (Phase 1)

Developer(s): MRP Realty, Ares Management

The multi-phased development will include an estimated 1,200 apartments and is slated to include a minimum of 244 affordable units, at least half of which would be deeply affordable for residents making 30 percent of the median family income and below.

Lacebark Alley

1250 First Street Northeast

Cost Not Disclosed

Start: Not Disclosed

Anticipated Finish: 2024

Developer(s): JBG Smith, Brandywine Realty Trust

Lacebark Alley will consist of a new three-building complex comprising of mixed-use space including 220 residential apartments, 366,000 SF of class A office space, 53,000 SF of on-site retail, and a 9,000 SF art centric plaza.