A 43-year-old shopping center with surface parking on D.C.’s troubled H Street Northeast corridor has been eyed for years as a massive redevelopment opportunity, and the owner has finally unveiled plans for the site.

Ashkenazy Acquisition Corp. is pursuing a 2.4M SF multifamily and retail project on the 8.5-acre Hechinger Mall site, the firm announced late last week. The prominent real estate investor has lost control of several high-profile properties in recent years, including the retail space at Union Station on the other end of H Street from Hechinger Mall.

The announcement doesn’t go into detail on the components or timeline of the proposal, but it includes an artificial intelligence-generated rendering that shows several large mixed-use buildings surrounded by a public plaza. The owner is looking to bring on partners for the project, UrbanTurf reported.

“Ben Ashkenazy and Ashkenazy Acquisition Corporation vision for the Hechinger Mall is not just about creating residential spaces; it’s about crafting a community that thrives on connectivity, convenience, and the vibrant urban life that the H Street Corridor offers,” the announcement said.

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