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Standard Takes Over $650M Northeast Heights Redevelopment in DC

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Standard Takes Over 0M Northeast Heights Redevelopment in DC


Commonplace Actual Property Investments has acquired the Senator Sq. and East River Park procuring facilities in Northeast Washington, D.C., and plans to proceed a $650 million mixed-use redevelopment already within the works.

Cedar Realty Belief broke floor on its portion of the Northeast Heights grasp plan in March 2021, with plans to redevelop the 2 procuring facilities into 1,500 residential items, together with roughly 300 inexpensive items and 120,000 sq. ft of retail house.

However Cedar Realty was acquired this summer season by WHLR Actual Property and unloaded most of its grocery-anchored property earlier than the sale was full, together with this deal which was within the works. 

The value of the 13-acre web site, within the Minnesota/Benning submarket of the District’s Ward 7 neighborhood, was roughly $47 million, in keeping with somebody with data of the deal.  

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“Commonplace sources a differentiated funding pipeline from extra mainstream funding managers and builders due to our willingness to know under-invested and beforehand ignored places,” Jerome Nichols, the president of Commonplace, instructed Business Observer. “These neighborhoods typically have a decrease foundation, extra development potential and have much less capital chasing them. If executed correctly, this mix supplies insulation within the draw back and gives outsized efficiency potential.” 

Forbright Financial institution offered a primary mortgage for the acquisition, and the Black Financial Growth Fund offered $10 million in mezzanine financing.  

“We’re extraordinarily appreciative of our lender companions; each held proceeds and phrases by way of a tumultuous market setting throughout which many lenders pulled commitments altogether,” Nichols mentioned. “It is a testomony to their respective dedication to this group but in addition initiatives that deal with the sturdy want for attainable housing.”

Cedar and Trammell Crow Firm already broke floor on a 257,000-square-foot built-to-suit workplace constructing to accommodate the brand new headquarters of the District of Columbia’s Division of Common Companies on the west facet of the redevelopment. Nationwide Housing Belief will workforce with Commonplace on 110 inexpensive items on the positioning.

Commonplace will spend the following 12 months partaking group leaders, neighborhood residents, present retail tenants, metropolis officers and design professionals to excellent the imaginative and prescient, in keeping with Nichols.   

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“High quality housing and entry to companies and facilities are requirements for all communities. We see a chance to ship that at Northeast Heights,” Nichols mentioned. “We envision redeveloping Northeast Heights right into a location the place residents can personal and function companies, preserve {dollars} in their very own group, and import financial exercise from throughout the District of Columbia.”

Keith Loria could be reached at Kloria@commercialobserver.com.



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Washington, D.C

Man arrested in connection to Northwest DC robbery, police say

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Man arrested in connection to Northwest DC robbery, police say


WASHINGTON (DC News Now) — The Metropolitan Police Department (MPD) said a man was arrested in connection to a robbery that happened in Northwest D.C. on Friday afternoon. Police said that 1:20 p.m., they responded to the 5900 block of Georgia Avenue for a robbery. The victim said that he was inside a business when […]



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Teen taken to hospital after shooting in Southeast DC, police say

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Teen taken to hospital after shooting in Southeast DC, police say


WASHINGTON (DC News Now) — A teenage boy was taken to the hospital after he was shot in Southeast D.C. on Saturday. According to the Metropolitan Police Department (MPD), shortly before 3 p.m., officers responded to the 1500 block of 18th St. for a shooting. There, they found the boy, conscious and breathing, with gunshot […]



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Washington, D.C

UConn women's basketball overcomes tight first half to rout Georgetown thanks to relentless defense

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UConn women's basketball overcomes tight first half to rout Georgetown thanks to relentless defense


WASHINGTON, DC – JANUARY 11: Paige Bueckers #5 of the UConn Huskies celebrates with teammates in the fourth quarter against the Georgetown Hoyas at Entertainment & Sports Arena on January 11, 2025 in Washington, DC. (Photo by Greg Fiume/Getty Images)

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WASHINGTON D.C. — In its second game without star Paige Bueckers (out with left knee sprain), UConn women’s basketball proved it can still turn around a tight first half into a blowout victory thanks to its relentless defense.

A defense sparked by sophomore energy bunny KK Arnold, who in her new role with the Huskies is making an immeasurable impact off the bench thanks to a newfound sense of confidence.

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On Saturday, against the Hoyas, Arnold let the game come to her. She waited until the very right moment to reach in and latch herself onto a loose dribble to force a jump ball. She knew how to slowly shorten the distance between herself and a Hoya player until she was right in their face, pressing hard enough to force them to turnover the ball. And offense, she crashed into the paint, she perfectly timed her release to make a clutch layup.

“It’s amazing, no matter how much basketball these kids play, it’s all (about) confidence,” Geno Auriemma said. “You know, just even the finishes. Like last year, she had a hard time with those finishes. So, the confidence that she’s playing with right now is what’s way different than last year. I mean, she was confident last year, but I think she’s much, much more confident and much more sure of herself right now.”

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Led by Arnold’s spark on defense, the No. 7-ranked Huskies defeated Georgetown 73-55 Saturday afternoon at the Entertainment & Sports Arena, home of the WNBA’s Washington Mystics, to advance to 6-0 in Big East play and 15-2 overall. The win concluded the teams’ regular season series after UConn previously beat the Hoyas in Hartford in December. 

WASHINGTON, DC - JANUARY 11: Kaitlyn Chen #20, Jana El Alfy #8 and Azzi Fudd #35 of the UConn Huskies celebrate in the third quarter against the Georgetown Hoyas at Entertainment & Sports Arena on January 11, 2025 in Washington, DC. (Photo by Greg Fiume/Getty Images)

WASHINGTON, DC – JANUARY 11: Kaitlyn Chen #20, Jana El Alfy #8 and Azzi Fudd #35 of the UConn Huskies celebrate in the third quarter against the Georgetown Hoyas at Entertainment & Sports Arena on January 11, 2025 in Washington, DC. (Photo by Greg Fiume/Getty Images)

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UConn’s first game without Bueckers (who is expected back next week) last week wasn’t very competitive. The Huskies led Xavier, the last-place team in the Big East, the majority of the way on Wednesday, including by as much as 56 in the final minutes. The Musketeers were outmatched in every category even when Auriemma emptied his bench prior to halftime.

But Saturday was a different story.

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Despite only having nine available players with Ice Brady out sick, the Huskies allowed the Hoyas to punch first. And unlike the Musketeers, Georgetown (8-8, 1-4) never took its foot off the gas.

UConn’s defense couldn’t handle the hot start and allowed Georgetown to take advantage on the perimeter. The Hoyas went 4-of-6 on 3’s five-and-a-half minutes in. Georgetown freshman guard Khadee Hession couldn’t miss and ended the first half 4-of-5 from deep with a then-game high of 14 points.

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Arnold (seven points, five rebounds, four assists and one steal) checked in at the first timeout and immediately ramped up the Huskies’ intensity.

She got in the face of her defensive assignments and stuck on them like glue, always flustering them by waving her arms up and down and never planting her feet flat on the floor. So much of her defensive impact goes unnoticed on the box score.

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“Coming in this year, you could tell she was more confident,” Azzi Fudd said of Arnold. “She understood what Coach wanted her to do, what she needed to do on this team. And I think it’s shown really well right now. Like, she’s bringing the intensity, the energy off the bench that we need defensively, most importantly. But then the defense turns to offense. You get transition buckets, you get easy looks. And I think just having that spark off the bench is so powerful.”

WASHINGTON, DC - JANUARY 11: Sarah Strong #21 of the UConn Huskies drives to the basket in the second quarter against Kaliyah Myricks #25 of the Georgetown Hoyas at Entertainment & Sports Arena on January 11, 2025 in Washington, DC. (Photo by Greg Fiume/Getty Images)

WASHINGTON, DC – JANUARY 11: Sarah Strong #21 of the UConn Huskies drives to the basket in the second quarter against Kaliyah Myricks #25 of the Georgetown Hoyas at Entertainment & Sports Arena on January 11, 2025 in Washington, DC. (Photo by Greg Fiume/Getty Images)

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Arnold’s aggressiveness helped the Huskies not only slow down the Hoyas but also find their offensive rhythm. UConn ended the first quarter on a 9-2 run and forced Georgetown into three straight defensive stops to end the frame. The Huskies ended the first half ahead by five after shooting 59 percent from the floor, while keeping the Hoyas to 39 percent.

Yet, the Hoyas didn’t go down easily. Saturday’s first half featured five ties and eight lead changes until UConn pulled away in the third quarter.

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“We talked a lot about when you come in and you play somebody a second time (and) you’re on the road, you can’t go in expecting for them to just go, ‘Well, you know, just beat us.’ So, you’re gonna have to grind it out,” Auriemma said. “… You have to be able to withstand whatever’s happening in that game and figure out a way to win the game that day the way it’s being played.”

WASHINGTON, DC - JANUARY 11: Kaitlyn Chen #20 of the UConn Huskies shoots the ball in the second quarter against Kelsey Ransom #1 of the Georgetown Hoyas at Entertainment & Sports Arena on January 11, 2025 in Washington, DC. (Photo by Greg Fiume/Getty Images)

WASHINGTON, DC – JANUARY 11: Kaitlyn Chen #20 of the UConn Huskies shoots the ball in the second quarter against Kelsey Ransom #1 of the Georgetown Hoyas at Entertainment & Sports Arena on January 11, 2025 in Washington, DC. (Photo by Greg Fiume/Getty Images)

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The Huskies double-teamed Hoya star Kelsey Ransom on the inbound pass on Georgetown’s second possession of the second half to force a turnover. Two plays later, Sarah Strong picked off a Hoyas’ dribble and laid it in on the other end.

UConn’s defense took over the game and shut down the Hoyas, forcing them to give up 14 points off 10 turnovers.

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Jana El Alfy stepped up under the basket and recorded a season-high four blocks. Even 5-foot-10 sophomore guard Ashlynn Shade got in on the action, swatting away Ransom’s layup with 7:18 to go.

Fudd, playing in her first homecoming game as a Husky, led UConn’s offense with a season-high five 3-pointers and 21 points. Strong followed with 16 points, nine rebounds, six assists and three steals with Shade finishing with 12 points, seven rebounds and two blocks.

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The Huskies next play Wednesday, Jan. 15, at St. John’s in Queens, New York.

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