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

Finance the adaptive reuse of two structures and the new construction of an office building containing approximately 61,000 sq. ft. of office and ground floor retail space, a roof terrace,

NMTC financing supported a small business owner's restaurant.
When the Latin American Montessori Bilingual Charter School in Washington, DC embarked on a project to renovate its new facility, NMTC financing helped the school finance energy efficiency measures that
Ontario Court is the rehabilitation of an 85-year old, three-story building in the Adams Morgan neighborhood of Washington, D.C., into a mixed-use facility serving low- and moderate-income residents.