Park Triangle
Apartments
sq. ft. retail
Developed by Triangle Development Associates, LLC, including Ernest Marcus as co-managing member.
Location
1375 Kenyon Street, NW
Washington, DC
- 110 car garage
- Won competitive bid process for this WMATA site
- Ground lease negotiation with WMATA with option to purchase in 16th year.
- Environmental contamination cleanup
- Design of mixed-use project in dense, urban location. Transit-oriented development won award from National Builder’s Association and ULI.
- Construction of 6 story building above Metro tunnels directly beneath the site.
- Negotiations with city permitting office regarding public space issues
- Retail programming and leasing
- Full leaseup of first luxury apartment building in submarket in over 50 years, including unique marketing strategies.
- Obtained New Market Tax Credits.