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All three have experience developing ormanaging low-income or mixed-income housing projects. Neil D.C. deputy mayor for planninf and economic development, praised the respondents and their interest inthe $170 million project during a recession. "This response, especially in lightr of the currenteconomic conditions, speaks volumesw about the value of this Albert said in a statement. The city plans to tear down Park Morton'x eight, three-story buildings and build a mixed-use housing complex with a park of atleast 10,000 squars feet. It is the second projecf underthe city's ambitious New Communities in which D.C.
offers to rebuild highlu concentrated public or highlu subsidized housingwith mixed-income, mixed-use neighborhoods to which original residents are encouraged to Two of the three teams have not done majotr real estate projects in D.C. One is led by LLC, a Philadelphia-basedd specialist in mixed-income, multifamily housing. Pennrose partneredf with FM Atlantic LLC and HarrisonAdaohw LLC. Another team is led by of Linthicum, Md., whicu has completed a number of majodr HOPEVI projects, the federap low-income housing development program on which New Communitiez is based. Landex partnered with the and Spectrunm Management.
The third bid comes from a team headefd bythe , headquartered just off Georgiaa Avenue and led by Adrian Washington, former presideng and chief executive officedr of the D.C.’s former public-private developer, the Anacostiwa Waterfront Corp. Washington's partner is a Boston-based nonprofit builder that has builgt morethan 22,000 housing units nationallyu and also has experience with HOPE VI. “Park Mortohn has the potential to bethe single-mos t transformative project to revitalize Georgia Avenue,” Albert “We need a partner that is capablse of more than just building housing.
We are looking for someone who is committed to buildinga healthier, safer new community."
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