From a press release:
“MRP Realty, developers of commercial, residential and mixed-use real estate across the Mid-Atlantic region, along with B&R Associates L.P., announced today the two have formed a joint venture to redevelop the shopping plaza known as Rhode Island Center into a thriving, multi-phase, mixed-use environment.
The first phase of the joint venture between MRP Realty and B&R Associates will include building approximately 345 residential apartment units and 47,000 square feet of retail. The project plans for a retail-activated plaza oriented to the Metropolitan Branch Trail and the new pedestrian bridge, providing access to the Rhode Island Avenue metro station. The joint venture recently retained KLNB for retail leasing, and is targeting a health club as the lead retail tenant for phase one. The architect for the residential buildings is SK&I. (more…)