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The D.C. government is preparing to acquire and redevelop a row of commercial properties on Georgia Avenue that went into foreclosure after Neighborhood Development Co. shut down.
Mayor Muriel Bowser proposed emergency legislation that the D.C. Council passed last week to acquire the six lots directly to the north of the city’s Engine Co. 22 fire station.
The properties are expected to cost $2.8M to acquire, and the city would use its Contingency Cash Reserve Fund for the purchase, D.C. Chief Financial Officer Glen Lee wrote in a memo accompanying the bill. The bill was first reported by The 51st’s Martin Austermuhle on social media platform X.
The low-rise buildings’ tenants include Papa Johns Pizza, Simple Bar and Grill, an Ethiopian restaurant and a mattress store, and the strip includes an undeveloped lot operated by a used car business.
The properties have mixed-use zoning that allows for 119K SF of development, and Bowser said the District should ensure they are put to “an economically advantageous purpose.”
“It is in the best interest of the redevelopment of these properties for the District to acquire them and ensure a cohesive development process,” Bowser wrote in a letter to the council.
