Abdo Development and The Bozzuto Group today ceremoniously broke ground on the Monroe Street Market, a $200-million, 1-million-square-foot mixed-used development on five city blocks adjacent to the Brookland Metro station in northeast DC.
With site work beginning later this month, the project is slated to deliver its first phase, consisting of 562 residential units, in Summer 2013. The community will ultimately host: approximately 720 residential units, 45 townhomes, 80,000 square feet of street-level retail, 15,000 square feet of artist studio space, a 3,000 square-foot community arts center, and more than 800 underground parking spaces. This vibrant mix will dovetail well with the ArtSpace Brookland Lofts and EYA's new Chancellor's Row townhomes now selling just a few blocks away.
Abdo President and CEO Jim Abdo, The Bozzuto Chairman and CEO Tom Bozzuto, The Catholic University of America (CUA) President John Garvey, Councilmember Harry Thomas, Jr., and DC Mayor Vincent C. Gray spoke at the event.
"Something that has been just a drive-by will become the front door to the university for those coming off Monroe Street and the Metro," said President Garvey. He noted that the project will give CUA students and the Brookland/Edgewood communities "access to retail, restaurants, arts and culture like they have never had before."
Monroe Street Market will be an exciting walkable destination for residents of the neighborhood. It will be the perfect place to mingle with artists, enjoy a cafe lunch, or share a few drinks for friends.
"We are not just starting a development here, we are adding to the Brookland and Edgewood neighborhoods and improving their connection to the university," said Bozzuto in his closing remarks. "We will be contributing members of this community."