In the News: Washington Business Journal Features Union Market Project

"Edens' latest megaproject aims to create 'northern gateway' to Union Market"
Article partially reprinted from bizjournals.com, November 23, 2022

The next major development near Union Market seeks to extend the burgeoning district to north, essentially to New York Avenue NE.

Edens, which owns Union Market itself and significant real estate around it, has filed for a consolidated planned-unit development and map amendment for a string of low-slung buildings, a Motel 6 and parking lots northwest of the market at 1329-1345 Fourth St. NE, near the Y-intersection with Penn Street NE. Plans show a two-building development of about 350 residential units, 25 lodging units and 30,700 square feet of commercial space. Between them would be an alley designed as a "gathering" space.

The development is intended to "create meaningful public spaces for pedestrians, and to provide iconic architecture and urban design that celebrates D.C. as one arrives into Union Market District from New York Avenue NE," according to filings. An attention- grabbing building on the corner takes advantage of a high point in the area without disrupting the L'Enfant plan street grid.

Edens believes the completed towers — one on Fourth Street NE at 130 feet and the other on Fifth Street NE at 90 feet — will deliver eye-catching views of downtown. The team includes architects HKS, Michael Marshall Design and Land Collective, plus Gorove Slade Associates Inc., Bohler D.C. and Goulston & Storrs P.C. About 15% of units in the development will be affordable at 50% or 60% of median family income, mostly studio, one- and two-bedroom units. The towers come to 415,567 square feet plus a 12,917-square-foot penthouse amenity space.

"Architecturally, the design is modern and innovative, all while being sensitive to the historic nature of the area’s iconic warehouses."

Read the entire article by visiting the Washington Business Journal.