The Southeast waterfront was home to the Nacotchtank tribe before Charles Pierre L’Enfant made it the main commercial center of the nation’s new capital in 1791.
It became Washington’s earliest industrial center and played a vital role in DC’s commercial development throughout the 19th century, providing lumber and raw materials for the expanding city.
Developer: Roadside Development
Design/construction team: Shalom Baranes Associates, Cecconi Simone, Perkins Eastman, JCA Architects, Clark Construction, and Crisack Construction
Size: 1 million square feet (93,000 sq m)
Spanning two full city blocks, City Market at O (CMO) is a mixed-use redevelopment project in the District of Columbia’s historic Shaw neighborhood. CMO has catalyzed nearly $1 billion of new investment in Shaw and helped stabilize the area. Since 2011, the year construction started, surrounding property values have increased significantly and the demographic profile of the neighborhood has become more diverse. CMO has become the retail center of Shaw, creating an important linkage between downtown and neighborhoods to the north.
Outside of The Wharf, NoMa likely has the most ongoing construction within a three- or four-block radius in the entire region at this moment.
Renovations to turn an 18-story office building in downtown Baltimore into nearly 350 apartments are scheduled to begin in March and finish next year, developer Monument Realty said Tuesday.
Interior demolition at 225 N. Calvert Street, a former Bank of America building near Mercy Medical Center, is already underway. The project is slated to be completed at the end of 2017, the Washington firm said.
The 346-unit building is Monument’s first project in Baltimore. The firm purchased the property, which had been vacant, for $4 million in December 2014.
Only 10 real estate developments were selected as winners of this year’s Global Awards for Excellence from Urban Land Institute (ULI), and one notable apartment development in Washington, D.C. was able to make the list. Along with winners hailing from Asia and Europe, City Market at O won the prestigious award for its impact on the Shaw community, which has included increasing property values by more than 500 percent.