Washington, D.C. – We are thrilled to announce Neighborhood Development Company was recently selected as a winner for the 2016 Washington Future50 Awards by SmartCEO magazine.
As published on www.mountrainiermd.org
October 13, 2015
Mount Rainier, MD – Prince George’s County officials and local leaders from the City of Mount Rainier will be gathering on Wednesday, October 14, 2015 at 10:30 am, with development partners Neighborhood Development Company and Streetsense to celebrate the demolition of the existing structure to make way for a $50 million mixed-use project at the Gateway to the City and the County. The Mount Rainier Gateway Project is now underway both officially and physically—marking the first phase of a mixed-use development that will anchor the City and County on the border with the District of Columbia.
“I am personally excited to see the project moving forward. It will be a tremendous improvement in the downtown area of Mount Rainier, and I am sure that our residents will be happy and proud of the new addition to the City,” said Mayor Malinda Miles.
- Date: Wednesday, October 14, 2015
- Time: 10:30 am
- Location: NE Rhode Island Av & NE Eastern Av Mount Rainier MD 20712
- Demo Duration: October 13th – October 19th
The Mount Rainier Gateway Project is a planned mixed-use development on the border of Washington, DC and Prince George’s County. The assemblage is on the corner of Rhode Island Avenue and Eastern Avenue and is comprised of a city owned parcel of approximately 32,000 square feet and a privately owned parking lot of approximately 27,000 square feet. The project will include 185 apartments and 20,000 square feet of retail space.
The development will be built to meet LEED Gold Standards and uphold the sustainable culture of the Mount Rainier community. NDC and its partner, StreetSense, were awarded the project as a joint-venture development team by the City of Mount Rainier in November of 2012. Expected completion for this project is 2017. Following demolition, the project team will obtain all necessary entitlements for the development to occur. In addition, both the City and County will be providing financial assistance to the project and will commence on putting the required approvals in place to allow for this financing to occur.
The City Council of Mount Rainier unanimously approved the plan for The Mount Rainier Gateway Project on October 6, 2015.
“Revitalization has come slowly to the City. Construction on this site will be a significant improvement and hopefully will spur other economic development in our downtown area,” said Mayor Malinda Miles.