{"id":1004123900,"date":"2015-07-23T21:23:36","date_gmt":"2015-07-24T05:23:36","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=355390"},"modified":"2020-04-28T02:02:43","modified_gmt":"2020-04-28T10:02:43","slug":"does-the-mrp-in-mrp-realty-stand-for-massive-redevelopment-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/does-the-mrp-in-mrp-realty-stand-for-massive-redevelopment-project\/","title":{"rendered":"Does the MRP in MRP Realty Stand for Massive Redevelopment Project?"},"content":{"rendered":"

By Adrian Maties, Associate Editor<\/em><\/p>\n

\"MRP<\/a>MRP Realty<\/a>, the developer of the 1.1 million-square-foot Capitol Riverfront<\/a> mixed-use development, wants to build something even bigger in the District. The new project\u2019s residential portion alone would have more than 1.5 million square feet of space.<\/p>\n

The Washington Business Journal<\/em> reports<\/a> that MRP, in a joint venture with B&R Associates LP and Sandrock LP, plans to build a mixed-use, transit-oriented community on a 13-acre site near the Rhode Island Avenue Metro station. Bounded by Fourth Street N.E., Rhode Island Ave., the Metrorail tracks, the Metropolitan Branch Trail and the Edgewood Terrace apartments, the site is currently home to B&R\u2019s Rhode Island Center, a self-storage warehouse operated by Sandrock and 13 single-story retailers. If the development team gets its wish, they will all be replaced by seven new buildings.<\/p>\n

MRP and its partners intend to build the project in phases. Its seven buildings would feature a mix of 1,555 studio, one-, two- and three-bedroom units, as well as ground-floor retail and 1,992 parking spaces. Nearly 125,000 square feet of space will be set aside as affordable. Other details were not released. The Washington Business Journal<\/em> described the project as one of the largest redevelopment proposals in the District\u2019s pipeline.<\/p>\n","protected":false},"excerpt":{"rendered":"

Does the MRP in MRP Realty stand for massive redevelopment project? It just might, if the District approves their latest proposal.<\/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":[21742,1615],"tags":[],"class_list":["post-1004123900","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc"],"acf":[],"yoast_head":"\nDoes the MRP in MRP Realty Stand for Massive Redevelopment Project? - 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\/does-the-mrp-in-mrp-realty-stand-for-massive-redevelopment-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Does the MRP in MRP Realty Stand for Massive Redevelopment Project?\" \/>\n<meta property=\"og:description\" content=\"Does the MRP in MRP Realty stand for massive redevelopment project? It just might, if the District approves their latest proposal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/does-the-mrp-in-mrp-realty-stand-for-massive-redevelopment-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-24T05:23:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-28T10:02:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/945055_457025737721926_823866759_n.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/does-the-mrp-in-mrp-realty-stand-for-massive-redevelopment-project\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/does-the-mrp-in-mrp-realty-stand-for-massive-redevelopment-project\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Does the MRP in MRP Realty Stand for Massive Redevelopment Project?\",\"datePublished\":\"2015-07-24T05:23:36+00:00\",\"dateModified\":\"2020-04-28T10:02:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/does-the-mrp-in-mrp-realty-stand-for-massive-redevelopment-project\\\/\"},\"wordCount\":217,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/does-the-mrp-in-mrp-realty-stand-for-massive-redevelopment-project\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/945055_457025737721926_823866759_n.jpg\",\"articleSection\":[\"News\",\"Washington D.C.\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/does-the-mrp-in-mrp-realty-stand-for-massive-redevelopment-project\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/does-the-mrp-in-mrp-realty-stand-for-massive-redevelopment-project\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/does-the-mrp-in-mrp-realty-stand-for-massive-redevelopment-project\\\/\",\"name\":\"Does the MRP in MRP Realty Stand for Massive Redevelopment Project? 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