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DC USA   FOR IMMEDIATE RELEASE      
May 3 2006  
 

DIGNITARIES TO ATTEND GROUNDBREAKING CEREMONY FOR DC USA 
$149.5 MILLION URBAN RETAIL CENTER IN COLUMBIA HEIGHTS

 

The largest retail development in the District of Columbia 
500,000 Square Feet Anchored by Target

 

MEDIA ADVISORY

     
Contact:
Sharon R. Robinson
202 545-0018  
 
WHAT:    
    A host of political, business and civic leaders will attend the groundbreaking ceremony for DC USA, the District’s largest retail development. Anchored by Target, the $149.5 million pedestrian-oriented retail complex is being developed on a 5-acre site at 14th and Irving Streets, NW in Columbia Heights by Grid Properties Inc. and Gotham Organization, Inc. together with Joseph Searles and the Development Corporation of Columbia Heights. The developers acquired the site from RLA Revitalization Corporation, a subsidiary of the National Capital Revitalization Corporation (NCRC). Once completed, the three-level, half million square feet center is expected to produce 1,000 jobs and $12 million per year in taxes. There will be an underground parking garage of 1,000 spaces owned by NCRC. The project is being financed by Citibank Community Development.  Tax increment financing has been used for the parking garage.
   
WHO:    
  Mayor Anthony A. Williams; Council Chair Linda Cropp; Ward 1 Councilmember Jim Graham; Deputy Mayor Stanley Jackson; Drew Greenwald, President, Grid Properties Inc.; Joel Picket, Chairman, Gotham Organization, Inc.; Robert Moore, President, Development Corporation of Columbia Heights; Anthony Freeman, President of National Capital Revitalization Corporation; Andy Ditton, Director of Citibank Community Development; Alex Alimanestianu, President, Town Sports International.
   
WHEN:    
 

Friday, May 5, 2006

Groundbreaking Photo Op    11:15 AM       

Program                             11:30 AM

 
     
WHERE      
  Irving Street between 14th Street and Hiatt Place, NW  

 
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