Washington, D.C., February 11, 2011 – Before a captive audience of 1,000 members of the Washington real estate community, NoMa Business Improvement District President Liz Price received the prestigious TrendSetter award at the annual TrendLines event last night.
Ms. Price received the Public Sector Trendsetter of the Year Award for her efforts leading NoMa and the NoMa BID; Doug Donatelli from First Potomac Realty Trust received the Private Sector TrendSetter Award.
Since being named President of the NoMa BID in 2007, Ms. Price has led the transformation of NoMa, an underutilized, industrial area just north of Union Station, into Washington, DC’s fastest growing urban neighborhood. Serving as a central point of coordination for everything from urban planning and infrastructure improvements to retail openings and cultural events, Ms. Price has been instrumental in the branding, development and marketing of NoMa. She has built an organization that is viewed as effective, innovative and compassionate by the community, as well as the public and private sectors.
“Liz is fond of saying, ‘We are building a new community and not just a series of buildings or projects,’” said Kelly Toole, Partner at Baker Tilly, as he introduced Ms. Price. “Under Liz’s leadership the BID has risen to new heights. Is it any wonder, based on her effectiveness and energy, that many refer to her as the Mayor of NoMa?”
“While I have had the privilege of leading the NoMa BID for the last four years, NoMa’s success is due to the hard work, vision and investment of dozens of public and private stakeholders who saw the untapped potential of this neighborhood,” Ms. Price said.
Since the New York Avenue Metro Station opened in 2004, private developers have invested more than $3 billion in the 35-block area covered by the BID, with plans to develop an additional 17 million square feet of office, residential, hotel, and retail space. With an explosion of three million square feet of public and private sector office leases in the last three years, and 10,000 residential units planned or under construction, NoMa has become the neighborhood of choice for those looking for a unique and vibrant community in the heart of Washington, DC.
TrendLines is a state of the commercial real estate market overview and forecast presentation and report produced by Delta Associates, the leading source of real estate market data in the Washington region, and Transwestern, the region’s preeminent commercial real estate firm. Sponsored by PNC and Baker Tilly, its purposes are to distill the trends of the year just completed and to shed light on the pivotal forces that will affect the region’s commercial real estate in the year ahead.
This season has brought several awards to the NoMa BID. Ms. Price also received the Washington Business Journal’s Women Who Mean Business award last fall. In November, the innovative public/private partnership behind the New York Avenue Metro station was recognized with an urban planning award by the American Planning Association (APA).
NoMa is a vibrant, growing neighborhood north of Union Station and the U.S. Capitol in Washington, D.C. In the last five years, private developers have invested more than $3 billion in the 35-block area covered by the NoMa BID, and have plans to develop more than 20 million square feet of office, residential, hotel, and retail space. In 2010, more than 6,000 people moved into NoMa to live or work; and eight new retailers opened for business. NoMa has 15 modes of transportation, including two Red Line Metro stops, and the best biking facilities in DC, with the only East Coast Bikestation, the 8-mile Met Branch Trail, and six Capital Bikeshare stations. For more information about NoMa, visit nomabid.wpengine.com and sign up for our bimonthly newsletter.