District leaders and residents have a lot to smile about this morning. This morning D.C. Mayor Muriel Bowser will break ground on phase one of a redevelopment project in Northwest.
Today Phase 1 of the Bryant Street project kicks off. The 13-acre development on Bryant street will bring 487 apartments, a nine-screen theater and over 35,000 square feet of retail space to growing Ward 5. This new development which was years in the making was made possible by a tax-increment financing agreement. It is expected to bring in 4 million dollars a year in tax revenue for the city.
Once the entire project is completed it will include a total of 1,650 apartment units and 250,000 square feet of retail space over about 6 city blocks. The public is invited to today celebration at the Save A Lot parking lot, 514 Rhode Island Avenue in NE. There will be food,, games, music and more.
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