CityInterests Moving Forward With Next Pieces Of 3M SF Ward 7 Development
One of the largest planned developments in D.C., CityInterests' 3.1M SF Parkside development in Ward 7, is quickly moving forward with its next phases.
The Zoning Commission Monday approved two seven-story multifamily buildings totaling 280 units for the site near the Minnesota Avenue Metro.
The two buildings are planned with a maximum height of 85 feet, a combined 141 below-grade parking spaces and will be built on parcels 8 and 10 on the site.
CityInterests bought the 26-acre site in 2004 and has launched a major mixed-use development. The developer began work in 2007 and has completed a 186-unit multifamily building, a 98-unit senior affordable housing building, a 40K SF primary health center, a 31K SF early childhood learning center, 100 for-sale townhouses and a one-acre public park. The site is also home to the Caesar Chavez Public Charter School.
At full build-out, Parkside is planned to include 3.1M SF of development. It would have up to 1,500 housing units, 750K SF of office and 50K SF of retail.
Earlier this year, the Zoning Commission approved a separate 191-unit multifamily building on the site's parcel 11. The developer plans to break ground on that component in Q2 2018, CityInterests partner Peter Farrell said. Later in 2018, it plans to break ground on parcel 9, which would include a 72-unit condo building, 112,500 SF of office space and 16,700 SF of retail.
"2018 is going to be a banner year for Parkside," Farrell said. "We’re going to see multiple cranes in the air and development occurring."
After those parcels, Farrell said CityInterests plans to break ground on the newly approved parcel 8 and 10 multifamily buildings in 2019. Farrell envisions the development will become a diverse mixed-use community that will cater to families and people of all income levels.
"It’s going to be an urban-suburban environment," Farrell said. "You've got a nice blend of high quality of life on the back two-thirds and the commercial vibrancy you want and need to support retail and create jobs and other aspects for Ward 7 that are really important to placemaking."
