387-unit residential development to move forward in NoMa

Near the bustling intersection of Florida and New York avenues NE, the second phase of the mixed-use Washington Gateway development in the booming NoMa neighborhood is set to advance this summer under a new joint venture between D.C.-based developer MRP Realty and Charlotte, North Carolina-based global financial services firm Barings, the companies recently announced. The addition will boast an amenity-rich, 387-unit residential building.

The amenities will include “an extensive fitness center, rooftop deck with pool, club room, and dog run,” the companies said in a release. Construction on the building is expected to start soon. Concurrently, construction on a parking garage for the development and design work on the third phase—also a residential tower—will commence as well. The first phase of the project, dubbed Elevation and located at 100 Florida Avenue NE, was completed in 2014.

“In the middle of NoMa, Union Market, Eckington and one block from the Metro with additional access via the [Metropolitan Branch Trail] bike path, this property’s location is one of the strongest and most sought-after corridors in the District,” said Barings managing director Kevin Miller in a statement. Fully built, Washington Gateway will feature 1 million square feet and more than 1,000 homes. The nearby Metro station is served by the Red Line.