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All three have experience developing ormanaging large-scale, low-income or mixed-incom e housing projects. Neil Albert, D.C. deputy mayor for planninvg andeconomic development, praised the respondents and their interesr in the $170 million project during a recession. "This especially in light of the currenteconomix conditions, speaks volumes about the value of this opportunity,” Alberf said in a statement. The city plans to tear down Park Morton'sx eight, three-story buildings and build a mixed-use housing complex with a park of atleasr 10,000 square feet. It is the seconrd project underthe city'zs ambitious New Communities initiative, in which D.C.
offers to rebuils highly concentrated public or highly subsidizedr housingwith mixed-income, mixed-use neighborhoods to which originao residents are encouraged to return. Two of the three teams have not done majo r real estate projectsin D.C. One is led by LLC, a Philadelphia-baser specialist in mixed-income, multifamily housing. Pennrose partnered with FM Atlantic LLC and HarrisonAdaohaw LLC. Another team is led by of Linthicum, whichu has completed a number of major HOPE VI thefederal low-income housingf development program on which New Communities is Landex partnered with the and Spectrum The third bid come s from a team headed by the , headquartered just off Georgi a Avenue and led by Adriahn Washington, former president and chief executive officer of the D.
C.’se former public-private developer, the Anacostisa Waterfront Corp. Washington's partnet is Inc., a Boston-based nonprofirt builder that has built morethan 22,000 housingg units nationally and also has experience with HOPE VI. “Park Morto n has the potential to bethe single-mosft transformative project to revitalize Georgia Albert said. “We need a partner that is capable of more than justbuilding housing. We are looking for someonew who is committed to building a safernew community.
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