In one of his final acts as DC’s mayor, Vince Gray has selected a team to lead the first phase of the massive St. Elizabeth’s East redevelopment. A joint venture of Redbrick LMD and Gragg Cardona Partners was chosen. Redbrick is a DC based real investment management and development firm. This project has been off and on again many times during the administration but with a progress can be made now that the development team has been hired.
The St. Elizabeth project could transform Ward 8, one of the poorest sections of the city into a vibrant economic hub.
The plan is for:
- 716,000 square feet of commercial space
- 425,866 square feet of “innovation” uses
- 122,000 square feet of retail
- Over one million square feet of residential
- 150 to 180 room hotel.
The first phase of the St. Elizabeth’s redevelopment is across from the Congress Heights Metro Station. It will include space for three anchors, including a Microsoft Innovation Center, residential, retail and office development.
“We want to create a diverse, sustainable and complementary neighborhood where residents will be able to work, play, learn, innovate and be entertained in our new development,” Louis Dubin, Redbrick managing partner, said in a statement. “We will develop over 1.6 million square feet of space for office, retail, residential, education and innovation uses. Equally important, some historic and beautiful space will be returned, under this plan, to its rightful owners — the citizens of the District of Columbia.”
Excitement and hope over the upcoming project is surging, however none of the development can happen until the campus’ infrastructure (roads, sewers and all utilities) is rebuilt, a $100 million endeavor that has yet to begin. The construction will take over 10 years, but it has pledged to create 9,000 new jobs and 1,000 new homes, to spur $700 million in private investment and generate $400 million in new tax revenue.