Friday, July 10, 2009

Firehouse Agreement Reached

On July 14th, the D.C. Council will vote to approve the land disposition agreement between the city and E Street Development, according to an article in this week's Washington Business Journal (subscribers only). Back in April, DMPED chose E Street Development over two other teams to build a new DCFD Engine 13 firehouse at the corner of 4th & E Street. In addition, the development team will build two office buildings - one on top of the new firehouse and the other at the site of the current Engine 13 on the corner of 6th & E Street. E Street Development will partner with two local community organizations, including Kid Power Inc. and D.C. Central Kitchen, as well as seek LEED-silver certification, use green roof technology, and provide neighborhood-serving retail along E Street. The WBJ article states that the developers will provide the city with an upfront ground lease payment of $2.5 million and construction of the firehouse (phase I of development) could begin in August 2010. In total, the project will cost $193 million to build.

Update: A couple members of the D.C. Council decided to delay the vote on the land agreement until after their August recess, according to the WBJ.

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