{"id":1004110925,"date":"2015-01-11T20:51:36","date_gmt":"2015-01-12T04:51:36","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=316454"},"modified":"2022-12-08T22:24:26","modified_gmt":"2022-12-09T06:24:26","slug":"district-picks-redbrick-lmd-gragg-cardona-team-as-master-developer-for-phase-1-of-st-elizabeths-east-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/district-picks-redbrick-lmd-gragg-cardona-team-as-master-developer-for-phase-1-of-st-elizabeths-east-campus\/","title":{"rendered":"District Picks Redbrick LMD-Gragg Cardona Team as Master Developer for Phase 1 of St. Elizabeths East Campus"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/stelizabeths1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-316596\" title=\"stelizabeths1\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/stelizabeths1.jpg\" alt=\"\" width=\"300\" height=\"188\" \/><\/a>In one of his final acts as mayor of Washington, D.C., Vincent Gray has selected the team of Redbrick LMD and Gragg Cardona to redevelop the first phase of the historic St. Elizabeths East Campus. The selection represents an important step forward for a project that could help transform one of the poorest sections of the nation\u2019s capital.<\/p>\n<p style=\"text-align: justify\">In a news release, the District said the Redbrick LMD-Gragg Cardona joint venture was selected because of its experience with large-scale projects and because its plans can help fulfill the administration\u2019s policy goals at St. Elizabeths East. The development team also includes home builder NVR; JBGR, an affiliate of The JBG Cos.; and Perkins Eastman.<\/p>\n<p style=\"text-align: justify\">\u201cBy opening the Gateway DC Pavilion and the R.I.S.E. Demonstration Center, we were able to reintroduce St. Elizabeths East to the community and lay the groundwork for what is possible on this historic campus,\u201d former Mayor Vincent Gray said in a statement for the press. \u201cBy selecting a master developer, we can move even closer to realizing that vision and creating an innovative space that\u2019s unlike any other in the District of Columbia.\u201d<\/p>\n<p style=\"text-align: justify\">Redbrick LMD and Gragg Cardona, both headquartered in the District, presented their proposal last October. It calls for the construction of 122,000 square feet of retail space, 716,000 square feet of commercial space, 425,866 square feet of innovation space, more than 1.1 million square feet of residential space and even a hotel with between 150 and 180 rooms. Twenty percent of all residential units will be affordable. The developers expect the project to create 9,000 jobs, to generate $400 million in tax revenues and to spur $700 million in private investment.<\/p>\n<p style=\"text-align: justify\">\u201cWe\u00a0 want\u00a0 to\u00a0 create\u00a0 a\u00a0 diverse,\u00a0 sustainable\u00a0 and\u00a0 complementary\u00a0 neighborhood\u00a0 where\u00a0 residents\u00a0 will\u00a0 be\u00a0 able\u00a0 to\u00a0 work,\u00a0 play,\u00a0 learn,\u00a0 innovate\u00a0 and\u00a0 be\u00a0 entertained\u00a0 in\u00a0 our\u00a0 new\u00a0 development,\u201d added Louis \u00a0Dubin, \u00a0managing \u00a0partner of\u00a0 Redbrick\u00a0 LMD.\u00a0 \u201dWe\u00a0 will\u00a0 develop\u00a0 over\u00a0 1.6\u00a0 million\u00a0 square\u00a0 feet\u00a0 of\u00a0 space\u00a0 for\u00a0 office,\u00a0 retail,\u00a0 residential,\u00a0 educational\u00a0 and\u00a0 innovation\u00a0 uses. Equally important,\u00a0 some\u00a0 historic\u00a0 and\u00a0 beautiful\u00a0 space\u00a0 will\u00a0 be\u00a0 returned,\u00a0 under\u00a0 this\u00a0 plan,\u00a0 to\u00a0 its\u00a0 rightful\u00a0 owners\u00a0 \u2013 the\u00a0 citizens\u00a0 of\u00a0 the\u00a0 District\u00a0 of\u00a0 Columbia.\u201d<\/p>\n<p style=\"text-align: justify\"><em>Photo credit: <\/em><a href=\"https:\/\/redbricklmd.com\"><em>Redbrick LMD<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In one of his final acts as mayor of Washington, D.C., Vincent Gray has selected the team of Redbrick LMD and Gragg Cardona to redevelop the first phase of the historic St. Elizabeths East Campus. The selection represents an important step forward for a project which could help transform one of the poorest sections of the nation&#8217;s capital.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1615],"tags":[],"class_list":["post-1004110925","post","type-post","status-publish","format-standard","hentry","category-washington-dc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>District Picks Redbrick LMD-Gragg Cardona Team as Master Developer for Phase 1 of St. Elizabeths East Campus - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/district-picks-redbrick-lmd-gragg-cardona-team-as-master-developer-for-phase-1-of-st-elizabeths-east-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"District Picks Redbrick LMD-Gragg Cardona Team as Master Developer for Phase 1 of St. Elizabeths East Campus\" \/>\n<meta property=\"og:description\" content=\"In one of his final acts as mayor of Washington, D.C., Vincent Gray has selected the team of Redbrick LMD and Gragg Cardona to redevelop the first phase of the historic St. Elizabeths East Campus. 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