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NDC News & Events

7/17/07
Georgia Avenue took a step toward revitalization yesterday with the groundbreaking of a $28 million residential and retail project.
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2/13/07
Press Release:
Adrian Washington Resigns as Anacostia Waterfront Corporation President and CEO, to Return to Leadership of Neighborhood Development Company
>>>

3/30/07
Entrepreneur to open Yes! Organic Market in Neighborhood Development Comapny's affordable-housing apartment building at 4100 Georgia Avenue
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NDC In the News!
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PRESS RELEASE:
Neighborhood Development Company, LLC teams with PN Hoffman for development of Columbia Heights parcel
September 10, 2004

WASHINGTON, DC - The Neighborhood Development Company has teamed with PN Hoffman and others to bid on the National Capital Revitalization Corporation’s (NCRC) Request-For-Proposal on the Parcel 34 project at the intersection of 14th Street and Florida Avenue, NW in the Columbia Heights neighborhood. Parcel 34 represents an opportunity to link the vibrant Columbia Heights and U Street neighborhoods with a mixed-use development featuring mixed income home ownership, neighborhood-serving retail establishments, below grade parking and cutting-edge design elements. The retail component, set back from the street to allow pedestrian flow, will wrap around the 14th Street and Florida Avenue elevations and will include sidewalk cafe space. Local retailers such as Java House and Yes! Organic Market have agreed to lease retail space as part of the development. If selected, the team hopes to break ground on the project sometime in 2006.

The condominiums will feature panoramic views, a beautifully designed entrance plaza, outdoor recreational space and an indoor health club facility. The team embraces the NCRC approach to Parcel 34 by providing up to 30% affordable home ownership, and intends to build a sustainable and enduring landmark that contributes to the diverse social fabric and economic needs of Columbia Heights.

In addition to Neighborhood Development Company, the team is comprised of PN Hoffman, Inc, Jefferson Development Group, Ward One Economic Development Corporation, Tri-Continental Capital and Hickok-Warner Cole Architects and a number of additional market leaders specifically suited to contribute to the sucess of this exciting project.

About Neighborhood Development Company, LLC
The Neighborhood Development Company (NDC) is a unique real estate development company that focuses on the revitalization of emerging urban neighborhoods. The company’s mission is to create exciting, customized residential and commercial properties that advance the revitalization of urban neighborhoods while respecting the rich diversity of their existing fabric. Founded in 1999, the company has developed over 200,000 square feet of real estate and expects to begin construction on an additional 300,000 square feet over the next 18 months. In the past year NDC became an equity participant in development teams selected by the city to redevelop the Old Convention Center and Wax Museum sites. Collectively these projects will encompass approximately 2 million square feet of mixed-use space.

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4110 Kansas Avenue, NW, Washington DC 20011 • phone 202.722.6002 • fax 202.722.6509 © 2004 Neighborhood Development Company. All Rights Reserved.