New Ivy City project promises 1.5M square feet of mixed-use development

Washington, D.C.-based developer Douglas Development is known for having created the Hecht Warehouse District, an approximately 465,000-square-foot mixed-use project that redeveloped the 1937-built Hecht Company Department Stores for residential space, retail space, and a grocery store. Now, the developer has eyes set on a 15-acre triangle in Ivy City just down the road from the Hecht Warehouse, bordered by New York Avenue, Bladensburg Road NE, and Montana Avenue NE.

Washington Business Journal reported that the developer has spent nearly $75 million to acquire the land in order to construct NewCityDC, a 1.5 million-square-foot mixed-use project set to make waves in the neighborhood. According to Bisnow, the developer first acquired a section of the land in 2014 for $8.25 million.

The project will include 422 apartments, 18 townhomes, 550,000 square feet of retail, 156 hotel rooms, and 2,900 parking spaces, as reported by Washington Business Journal. There will also be a 130,000-square-foot grocery store and a movie theater.

• Douglas ties up the NewCityDC triangle for $66M [Washington Business Journal]

• Douglas Development Buys NewCityDC Site For $66M [Bisnow]