Washington DC wants to close the gap in Black homeownership through initiatives that make owning a home more achievable and affordable. Redbrick LMD is proud to deliver townhomes in the Congress Heights community that are helping advance the city’s goals for aspiring homeowners.
Redbrick LMD has secured a $142.5 million loan to finance the construction of The Douglass, a 750-unit residential building at the Bridge District that includes approximately 40,000 square feet of retail and 80 affordable units.
Community banks may be missing out on a key opportunity to reinvest their capital gains and help boost development in underserved communities through the Opportunity Zone (OZ) program — all while receiving Community Reinvestment Act (CRA) credits.
Louis Dubin, principal and managing partner at Redbrick LMD, joins the show to discuss how he determines the optimal amount of debt to use in Opportunity Zone deals.
In 2011, Tom Skinner and William Passmore, two of the three founders of real estate owner, developer and manager Redbrick LMD, stood atop a parking garage in Washington, D.C.’s Poplar Point and saw a vision for a sliver of vacant, underused land adjacent to the structure.
Mayor Muriel Bowser and other District leaders on Monday celebrated the groundbreaking of Sycamore & Oak, a new community-led temporary development located on Parcel 15 in Congress Heights. Officials say the structure consists of a 22,000-square-foot Interim Retail Village (IRV) that will incubate retail and food concepts that originated in the community and provide job… Continue reading DC leaders break ground on Sycamore & Oak; new community space in Congress Heights
D.C. Mayor Muriel Bowser, members of her administration and other city officials celebrated the groundbreaking of Sycamore & Oak, a new community-led temporary development located on Parcel 15 at the St. Elizabeths East Campus in the Congress Heights neighborhood of Ward 8. The Sycamore & Oak project will feature a 22,000 square-foot Interim Retail Village… Continue reading Bowser Celebrates Groundbreaking of St. Elizabeths East Campus Parcel 15 Project
It’s envisioned as part of a larger mixed-use development near the sports arena and Congress Heights Metro station.
Right now the Entertainment and Sports Complex in Southeast D.C. is the biggest and most noticeable redevelopment along the old, but massive, St. Elizabeths Hospital campus. And with more change to come over the next few years, D.C. is working to pick up the pace in Ward 8. On Monday, ground was broken on a… Continue reading Development of old St. Elizabeths Hospital site continues in Southeast DC
Mayor Muriel Bowser launched the groundbreaking of a new timber retail pavilion at DC’s St. Elizabeths campus on Monday. The 22,000-square-foot community space, designed by David Adjaye, will include an “Interim Retail Village” that will serve as an incubator for local retail and food concepts. The pavilion will be located on the Parcel 15 parking… Continue reading A Pavilion That Will Be a Retail/Food Incubator Breaks Ground at St. Elizabeths