Mega Northeast D.C. development site sold, 1,500 residential units planned

Tristan Navera of the Washington Business Journal reports on a recent transaction. Standard Real Estate Investments LP has acquired the 13-acre site in Northeast D.C. known as Northeast Heights, which includes the Senator Square and East River Park shopping centers about a third of a mile from the Minnesota Avenue Metro station. Standard will carry out a previously entitled mixed-use redevelopment featuring approximately 1,500 residential units and 120,000 square feet of retail. About 300 units would be affordable, developed with NHT Communities. See the full article here.