Three proposals unveiled for redeveloping one Mt. Vernon Triangle parking deck

An arts walk, an apartment-hotel, a new community event space—there’s a lot to expect when it comes to the three Mt. Vernon Triangle proposals recently released by the Office of the Deputy Mayor for Planning and Economic Development (DMPED).

The proposals are for redeveloping a surface lot and adjacent park at the intersection of 2nd and K streets NW, located directly across from the Capitol Crossing project on what UrbanTurf describes as “one of the city’s most oddly-positioned sites.”

The DMPED expects to select one of the projects this spring.

Below, see what to expect from each of the proposals:

Proposal from Thoron Capital and Tishman Speyer with Handel Architects LLP

Under this proposal, the parking deck will contain a 19,740-square-foot “boutique food retailer,” a 3,000-square-foot community event space, one acre of recreational and playground space, and two 3,400-square-foot arts market buildings, as reported by UrbanTurf.

Cobb Park, which is located south of the site, will also become a mixed-use, 13-story building with 269 apartments. The residential portion of the building will sit atop up to 20,000 square feet of high-end retail and a restaurant. 115 of the units will be designated for affordable housing.

Proposal from Capstone Development and Republic Properties with Marshall Moya and WDG Architecture

This next proposal will transform the parking deck into a 90,000-square-foot park and recreational space, which Washington Business Journal reports will measure three times larger than Cobb Park.

On the site of Cobb Park, there will be a 165-room hotel with a tower that will house 200 multi-family residential units. 35 percent of the units will be designated for affordable housing.

Proposal from Fivesquares Development, Paradigm Development Co. and the Warrenton Group with Perkins Eastman

This mixed-use development will house 5,000 square feet of retail, topped by a total of 688 residential units. There will also be 140 spaces in a parking deck. A few of the street level townhomes will have private entrances. Nearly one-third of the residential units will be designated for affordable housing.

There will also be a “park district” created with landscaping at the northern and southern tips of the project.

• 688 Units, An Arts Walk, A Public Park: The Proposals for One of DC’s Central Parcels [UrbanTurf]

• Developers have three visions for housing, recreation space atop a D.C. parking deck [Washington Business Journal]