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“Mayor Muriel Bowser announced Tax Increment financing (TIF) funds – totaling over $50 million – and broke ground at the new Northeast Heights, located at the Minnesota Avenue, NE and Benning Road, NE corridor in Ward 7. Northeast Heights is designed as a destination location to include mixed-use development consisting of new and reimagined retail, dining, and residential spaces. A primary anchor of the development is the relocation of the Department of General Services (DGS) headquarters, to be located at 3924 Minnesota Avenue, NE. Mayor Bowser was joined by Ward 7 Councilmember Vincent C. Gray, representatives from Cedar Realty Trust, the Goldman Sachs Urban Investment Group, Asland Capital Partners, Administration officials and members of the community. ....
Thursday, May 20, 2021 CONTACT: Shayne Wells (DMPED) – (202) 215-8384; [email protected] John Stokes (DGS) – (202) 288-7275; [email protected] (Washington, DC) – Today, Mayor Muriel Bowser announced Tax Increment financing (TIF) funds – totaling over $50 million – and broke ground at the new Northeast Heights, located at the Minnesota Avenue, NE and Benning Road, NE corridor in Ward 7. Northeast Heights is designed as a destination location to include mixed-use development consisting of new and reimagined retail, dining, and residential spaces. A primary anchor of the development is the relocation of the Department of General Services (DGS) headquarters, to be located at 3924 Minnesota Avenue, NE. Mayor Bowser was joined by Ward 7 Councilmember Vincent C. Gray, representatives from Cedar Realty Trust, the Goldman Sachs Urban Investment Group, Asland Capital Partners, Administration officials and members of the community. ....