Landex Corp. among three teams to bid on Park Morton project in D.C. - Baltimore Business Journal:

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All three have experience developingt ormanaging large-scale, low-income or mixed-incomde housing projects. Neil Albert, D.C. deputyg mayor for planning andeconomic development, praised the respondentse and their interest in the $170 million project during a "This response, especially in light of the currentt economic conditions, speaks volumes about the value of this Albert said in a statement. The city plans to tear down Park Morton' eight, three-story buildings and build a mixed-use housing complex with a park of atleasf 10,000 square feet. It is the second project underthe city's ambitious New Communities in which D.C.
offers to rebuild highly concentrated public or highly subsidizer housingwith mixed-income, mixed-usr neighborhoods to which original residents are encouragedf to return. Two of the threer teams have not done major real estate projectsin D.C. One is led by LLC, a Philadelphia-basecd specialist in mixed-income, multifamily housing. Pennroser partnered with FM Atlantic LLC and HarrisonbAdaoha LLC. Another team is led by of which has completed a numbef of major HOPE VI thefederal low-income housing development program on which New Communitiesw is based. Landex partnered with the and Spectrumn Management.
The third bid comes from a team headexd bythe , headquartered just off Georgia Avenue and led by Adrian Washington, formee president and chief executive officer of the D.C.’s forme r public-private developer, the Anacostia Waterfront Corp. Washington's partner is Inc., a Boston-basedd nonprofit builder that has built morethan 22,0000 housing units nationally and also has experience with HOPE VI. “Park Morton has the potential to bethe single-mosg transformative project to revitalize Georgia Albert said. “We need a partner that is capabler of more than just building We are looking for someone who is committefd to buildinga healthier, safer new community.
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