Skyland Town Center Phase B-1

Skyland Phase B-1, which closed on January 14, 2021, is the second phase of the multi-building, multi-phase, mixed-use Skyland Town Center; the redevelopment of a former dilapidated strip shopping center originally acquired by the District of Columbia through eminent domain.

Investment

  • NMTC Amount: $15,000,000
  • Total Project Cost: $16,366,314

IMPACT

  • 124 FTE jobs
  • 63 construction jobs
  • 47,111 sq. ft. of real estate

Investor

Project Description

Skyland Phase B-1, which closed on January 14, 2021, is the second phase of the multi-building, multi-phase, mixed-use Skyland Town Center; the redevelopment of a former dilapidated strip shopping center originally acquired by the District of Columbia through eminent domain. The Project is located in the Hillcrest neighborhood in Ward 7. This phase will include 3 separate buildings, including surface parking spaces for 267 cars: (1) free-standing 29,000 sq. ft. Lidl grocery store that will provide healthy, fresh food options to the underserved community (the first Lidl in DC); (2) approximately 9,211 sq. ft. of community-serving retail space and (3) a freestanding 2,500 sq. ft. drive-through Starbucks (the first drive-through Starbucks in DC).

MAP

Address: 2800 Alabama Avenue Southeast, Washington, DC 20020

Census Tract: 11001007604

Other District of Columbia Projects

Financing for the construction of the 45,000 sq. ft. facility for E.L. Haynes
By transforming a deserted block of former warehouses in Ward 5 into an award-winning elementary and middle school, and a former DCPS facility into a state-of-the-art learning space in Ward
NMTC financing supported the construction of the KIPP DC Hamilton Campus, adjacent to Union Market and Gallaudet University.
NMTC financing helped Howard University generate $15.5 million in working capital to help fund scholarships and housing research.