Largest Privately Owned DC Redevelopment Site Has a Name

Bethesda, MD – January 19, 2016 – MidCity, one of Washington, DC’s most respected and experienced developers and property owners, has launched a new name and dynamic new website — www.riadc.com — for its ambitious 20-acre mixed-use development designed to be the future centerpiece of the Rhode Island Avenue community.

The website moves far beyond a branding exercise and includes candid FAQ’s, phase-by-phase diagrams, master plan and block plan renderings and details of the meticulous and innovative approach being employed by MidCity and architect and planner, Perkins Eastman. MidCity has retained interdisciplinary and strategy collective, Streetsense, for branding, communications and retail consulting for the project.

Visit the new RIA site for the press release and more details.

New Brentwood Village Development Project Moves Forward

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Photo credit: Mid-City Financial and Washington Business Journal

Washington Business Journal reported recently that Mid-City Financial successfully completed its $14.1 million purchase of Brentwood Village Shopping Center.

By completing this purchase, Mid-City can now move forward with the redevelopment of both the Brookland Manor (which they have owned since 1977) and the shopping center. These two properties will be combined to form around of 20 acres of residential, retail, and parking. The residential includes 380 units of affordable housing for those earning below 50 percent of the median local income. A detailed breakdown includes:

  • 1,760 residential units,
  • 181,000 square feet of retail and
  • 1,590 parking spaces.

All leases at Brentwood Village have been terminated and the shopping center is expected to be vacant by June 30. Mid-City has worked with tenants and local brokers to help them find new space. Michael Meers, Mid-City’s executive vice president has said that about half of the tenants have found “a good option”.

For more details and a slideshow of the proposed development, be sure to check out the Washington Business Journal story.