
Rendering courtesy of MRP
From a press release:
“MRP Realty, developers of commercial, residential, and mixed-use real estate across the Mid-Atlantic region, and FRP Development Corp, Inc., a full-service real estate company, today announce the formation of a joint venture to develop Phase I of Bryant Street, a mixed-use development in Northeast Washington, DC.
Bryant Street is a mixed-use, transit-oriented development on Rhode Island Avenue adjacent to the Rhode Island Metro Station (Red Line) and within a designated Opportunity Zone in Northeast Washington, DC.
“Bryant Street will ignite the transformation of this 13-acre site that residents — whether in Northeast or seeking to move there — have needed and wanted for many years,” said MRP Principal John Begert. “MRP has been active in bringing high quality homes and dynamic retail to similar underserved areas across the District and it will be exciting to bring this highly amenitized and multi-modal neighborhood to life. Edgewood and the surrounding communities near Bryant Street have a rich history and we hope we can build on the great offerings that already exist.”
This first phase will feature three mid-rise buildings with 490 multifamily units, a nine-screen Alamo Drafthouse Cinema, and an additional 40,390 square feet of ground floor retail. (more…)