Whole Foods-Anchored 965 Florida Will Include $3.4M In Community Benefits

Sherman Avenue LLC, a partnership of MRP Realty and Ellis Development, unveiled more details on the planned 400k SF Whole Foods-anchored development at 965 Florida Ave NW.

New filings with the DC Zoning Commission provided another look at the partnership’s plans for the development, including a 51k SF Whole Foods anchoring a U-shaped building with 343 parking spaces and up to 160 bicycle parking spaces. The residential component will include both market-rate and affordable apartments, and offer amenities including a central courtyard, a rooftop pool and a rooftop community garden.

MRP and Ellis are planning to spend about $3.4M on various community initiatives as the project comes to life, the Washington Business Journal reports. That includes about $1.5M to construct a private extension of Bryant Street NW. Additional benefits will include $750k to redesign the intersection of Florida and Sherman avenues, and $250k for streetscape improvements.

The District has agreed to sell the project site to the partnership for $1.4M. 965 Florida will head to the Zoning Commission for approval on June 6. [WBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Northern Virginia Office Tower Sells For Double Its 2024 Price

Battersea Power Station Reveals Plans To Double Development Again

Crystal Residences Offers A Model For Delivering New Housing And Lasting Community Benefits In Coral Gables

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review

Apartments Kick Off New Era Of Mixed-Use Activity In Philly Navy Yard

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Stephen Ross Expands Palm Beach Empire With Massive Boca Raton Campus

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Dallas Mavericks Launch Plans For New Arena-Anchored Entertainment District

Pennsylvania Avenue Office Sells For Repositioning: The D.C. Deal Sheet

EXCLUSIVE: Georgia-Pacific Scraps Conversion Plans For Its Atlanta HQ

Georgetown Waterfront Office-To-Condo Conversion Lands Financing