The deputy mayor for Planning and Economic Development (PED) has selected the developer for Parcel 42 — a plot of land in Shaw at 7th Street NW and Rhode Island Avenue NW, and a rectangular lot at 7th and R Streets.
Several bidders met the qualifications of the previously solicited Request for Expressions of Interest, but PED selected Shaw 42 Developers, LLC, a joint venture between TenSquare and the Chapman Development Group.
The planned development includes a 105-unit residential building with ground floor retail, according to a previous profile from Urban Turf. The development will consist of studio, one-and-two-bedroom units, with room for retail.
ANC 6E-02 Commissioner Kevin Chapple says the proposal from Shaw 42 Developers was most attractive to the city because the group offers the city a 99-year ground lease. This means that after 99 years, the land and the building on Parcel 42 will revert back to the ownership and control of the city government, unless otherwise negotiated.
DC’s Office of the Deputy Mayor for Planning and Economic Development (DMPED) is in the early stages of fully developing a city-owned lot at the southeast corner of 7th and R Streets NW. The City recently solicited a Request for Expressions of Interest (RFEI) for the development of the lot, dubbed Parcel 42, which is 17,008 square feet.
- High architectural design quality that maximizes density
- Economic viability
- Mixed-income residential rental component that maximizes affordability based upon the District’s contribution of land value
- Local and small business neighborhood serving retail
- A transit oriented development that reflects the project’s adjacency to the Shaw/Howard Metro Station