(Washington, DC) – Today, Mayor Muriel Bowser joined Eastbanc, Inc. and Stanton Development to break ground on Hine School Redevelopment, a $224 million project in Ward 6 that will complete the corner of 700 Pennsylvania Ave. SE, with mixed-use development that includes retail, affordable housing, and a new public plaza.
“In order to preserve our neighborhoods, we need projects like the Hine Redevelopment that balance residential, commercial and community needs – and creates affordable housing and good paying jobs,” said Mayor Bowser. “I am excited to break ground on a project that will have a positive and lasting impact on our residents and help create more pathways to the middle class.”
The redevelopment of the Hine School site is expected to generate nearly 2,500 construction period jobs and over 700 permanent jobs. Once completed, annual new tax revenues of $5 million is expected. The Hine Redevelopment will deliver nearly 60,000 square feet of retail space - with 20% reserved for local tenants - 180,000 square feet of office space, and 327 parking spaces.
Additionally, the development is also expected to provide 162 apartments, which will include 46 affordable housing units, with 17 of those units set aside for seniors.
"We see 700 Pennsylvania as galvanizing the continued enhancement of Capitol Hill as a live and work place that has, and always will be, unique," said Eastbanc President Anthony Lanier.
“The Hine redevelopment project reflects many of the Bowser Administration’s priorities, blending community-oriented development, housing, small business, and greater job opportunities for all District residents,” said Deputy Mayor for Planning and Economic Development Brian Kenner. “This project has taken time in order to ensure we maximized as many public attributes as possible. It is a welcomed addition to the Pennsylvania Avenue corridor and will benefit residents and visitors for years to come.”
The Hine School Redevelopment project is the result of a collaborative effort and strategic planning from the District of Columbia, EastBanc, Stanton Development, Dantes Partners, LS Caldwell & Associates, Clark Enterprises, Jamestown LP and The Warrenton Group. The project has received support from the Coalition for Smarter Growth, Capitol Hill Restoration Society, and Advisory Neighborhood Commission 6B.
During construction, the popular Eastern Market Flea Market will continue to operate on Saturday and Sunday on 7th Street, SE. Once construction is completed, the flea market will operate on the new C Street, SE and public plaza on weekends. Also, the Hine Redevelopment project’s commitment to sustainability includes a LEED-certified design, green roofs, car-sharing and underground bike racks.
Over the next month, workers will begin excavating the site and by the end of the year concrete work will commence. Delivery of the entire project is expected in 2017.
For more information of the Hine School Redevelopment project, visit www.hineschool.com.