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| Neighborhood Focus | |||
| Mount Vernon Triangle is Developing | |||
| by: Bill McLeod | |||
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Where is the largest concentration of residential construction in DC? Mount Vernon Triangle. Rich in history, Mount Vernon Triangle is the area east of Mount Vernon Square bounded by New York Avenue on the north, New Jersey Avenue on the east, and Massachusetts Avenue on the south. Recent History In the late 1990s, downtown began its rebirth with the construction of new office and residential buildings, the creation of the Downtown Business Improvement District, and the opening of the Verizon Center. As downtown became increasingly built out, developers started looking east for the next neighborhood renaissance. Mount Vernon Triangle was the obvious choice. Development in the Triangle The Triangle’s first new office building in 30 years will open soon with a ribbon cutting at 455 Massachusetts Ave. An urban lifestyle Safeway will open next spring at Fifth and L streets, NW; and Results: the Gym, a hardware store and Starbucks will also be opening in the CityVista project. Mount Vernon Place will be breaking ground shortly offering more office space along K Street in the Triangle. When Mount Vernon Triangle is fully built out in a few years, there will be 2,300,000 square feet of new office space, 1,200 apartments, 4,500 condos, 600 hotel rooms, and 200,000 square feet of retail. It will be a vibrant, mixed-use neighborhood offered the best in living, working, shopping and dining. Rebirth of Mount Vernon Triangle The Action Agenda includes five key items to ensure the successful development of the Triangle: design recommendations for a livable neighborhood; a retail plan to identify and attract a healthy mix of shops, restaurants, and services; coordinated capital improvements; great public spaces, green space, plazas and public art; and creation of a Community Improvement District – a business improvement district that includes commercial properties and residential buildings. The Mount Vernon Triangle Community Improvement District was created by mayoral order in May 2004 pursuant to the city’s Business Improvement District law. In December 2006, a revised tax structure was approved by DC Council to expand the organization from a start-up to a full-service CID. MVTCID Services Other MVTCID services consist of homeless outreach, planning, streetscape coordination and economic development. As the MVTCID budget grows over time, so will services, including the addition of a safety team to improve security in the area. The safety team will work directly with the police department to foster a welcoming environment throughout the Triangle. In closing, Mount Vernon Triangle is a rapidly developing mixed-use neighborhood that had been overlooked for decades. With new residential and commercial buildings being constructed in the Triangle, the potential for this neighborhood is enormous. And with Mount Vernon Triangle Community Improvement District in place to maintain the neighborhood, its future looks bright. Bill McLeod is the executive director of the Mount Vernon Triangle Community Improvement District, the city’s first business improvement district that self-taxes both commercial and residential properties. You can contact Bill at mvtbill@downtowndc.org, or visit the Web site at www.mountvernontriangle.org to learn more. |
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