Washington, DC – Developers William C. Smith + Co. and The Warrenton Group broke ground this morning on the first residential phase of the Northwest One development – the first of the city’s New Communities projects. A 12-story, 314-unit residential building will be constructed at the corner of M and North Capitol Streets, NE, with construction to begin immediately.
The $92 million building was designed by architects Eric Colbert + Associates to complement the lively, urban NoMa lifestyle. A rooftop deck will contain a pool and garden area, along with a large club room. Sustainable building aspects will capture rain water to irrigate the roof top garden. The building will feature a fitness center, basketball court, business center and conference room. Located two blocks from the New York Avenue Metro Station and blocks from Union Station, 2 M Street will be a model of transit-oriented urban living. The ground floor will include 4,100 SF of retail space.
“Northwest One is a game-changing development for the western side of NoMa and surrounding neighborhoods,” said Bruce Baschuk, Chairman of the NoMa Business Improvement District Board of Directors, at the groundbreaking. Praising the 93 units designated as affordable housing, Baschuk stated, “This project will bring together existing residents with those who are new to the neighborhood.”
In the seven years since the New York Avenue Metro opened, NoMa has seen 8 million SF of new development totaling $3 billion in private investment. A stroll down the streets of NoMa exhibits the growing vibrancy of this place:
- 6,000 new employees moved into NoMa in the last year – 40,000 people now work here each day.
- Three residential projects opened in 2010, bringing 1,400 new residents to the neighborhood. The second wave of residential development has started, and by the end of 2011, more than 1,500 units will be under construction. All of these residential projects, including Northwest One, emphasize car-free living and the sustainable options available in NoMa.
- 17 retailers have chosen to open in NoMa in the last few years, including Todd Gray’s Watershed and the largest Harris Teeter in DC.
- Both tenants and residents are attracted to NoMa because of its unparalleled transportation options. New York Avenue is now the fastest growing Metro station in DC, and Union Station offers DC’s quickest New York connection.
Today’s groundbreaking was attended by Mayor Gray, Deputy Mayor for Planning & Economic Development Victor Hoskins, and representatives from the DC Housing Authority, the Department for Housing and Urban Development (HUD), the Warrenton Group, and neighborhood stakeholders.
The Northwest One development is a $700 million mixed-use project, spanning 22 parcels, which will include 95,000 square feet of commercial/retail space, 1,600 residential units, and a community health center. A $47 million education center, the Walker Jones Education Campus, opened in 2010 on the site with a school, library, athletic facilities and recreation center. 2 M Street will be the first residential building constructed.
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. NoMa is the most connected neighborhood in Washington, DC. For more information about NoMa, visit nomabid.wpengine.com and sign up for our bimonthly newsletter. Follow us on Twitter @NoMaBID; or Facebook at www.facebook.com/nomabid.
For Immediate Release
News Media Contact: Rachel L. Davis
202-997-3846, [email protected]