WASHINGTON D.C., DC — New artist renderings of a major carbon-neutral housing development in Anacostia right across the new Frederick Douglas Bridge reveal the project is growing in scope as developers secure financing for the project.
Friday, the real estate development company Redbrick LMD announced it had secured a $142.5 million loan to finance the construction of a 750-unit residential building at the Bridge District called “The Douglass” with 80 of those apartments classified as “affordable housing units” for lower-income residents. The Bridge District will also include around 40,000 square feet of retail.
A new rendering of the project released as part of the financing announcement shows more proposed buildings on the site (pictured in grey) around “The Douglass,” although a spokesperson for the developer says Redbrick LMD has not defined exactly what those buildings will be used for. One will include a second multi-family project according to that spokesperson.
The project is welcome news for the District, which is struggling with an affordable housing shortage, as well as Ward 8 residents, who have not seen the type of commercial, retail and residential growth other parts of the city have, according to Kristina Noell, Executive Director of the Anacostia Business Improvement District.
Redbrick LMD calls the Bridge District project “a sustainable, wellness-focused neighborhood that will bring new options for living, dining, and entertainment, as well as jobs and growth opportunities for local businesses and community members in Ward 8.”
The first residential units are expected to be delivered in late 2024, with construction completion anticipated in mid-2025.