F ORT IS – Par c e l 42
T he F ORT I S Co mpa nie s, in c o njunc tio n with R2L :Arc hite c ts a nd K e ttle r Ma na g e me nt, a ppre c ia te s the o ppo rtunity to re spo nd to the RF P fo r this e xc iting pro je c t a t Pa rc e l 42 (the “Pro je c t” o r “Pa rc e l 42”). Our
proposa l e nvisions a n e ig ht- story mixe d- use proje c t fe a turing 197 mic ro- unit a pa rtme nts, 7,500 squa re fe e t of g round- le ve l re ta il, 35 be low g ra de pa rking spa c e s, a nd a public pa rk/ a rt insta lla tion in the a dja c e nt sma ll tria ng ula r lot (L
- t 803).
E xpa nding upo n the uniq ue de sig n c ha ra c te ristic s o f the Sha w L ib ra ry, we e nvisio n Pa rc e l 42 a s a sig na ture g a te wa y to the a rts, e nte rta inme nt a nd ric h histo ry o f the Sha w ne ig hb o rho o d . Our L E E D Go ld de sig n will fe a ture ne ig hb o rho o d-e nha nc ing re ta il a nd so phistic a te d, ye t a ffo rda b le , re side ntia l units. T he Pro je c t’ s e ffic ie ntly-de sig ne d units (a ve ra g ing a ppro xima te ly 400 sf) a nd tho ug htful a me nity spa c e a llo w us to re a c h a mo re re a so na b le pric e po int fo r the Distric t’ s middle -inc o me Mille nnia ls inc luding yo ung pro fe ssio na ls a nd the wo rking a nd c re a tive c la sse s. Our ta rg e t mo nthly re nt fo r o ur ma rke t units will b e a ppro xima te ly 20% b e lo w a sking re nts fo r c o mpa ra b le b uilding s in Sha w a nd L
- g a n Circ le . I
n a dditio n to o ur lo we r-pric e -po int ma rke t units, we will inc lude 60 de dic a te d a fforda ble units a t 30% - 50% AMI re pre se nting mo re tha n 30% o f the re side ntia l units in the b uilding . F
- r the re ta il c o mpo ne nt o f the Pro je c t, we ha ve ide ntifie d Distric t-b a se d b usine sse s tha t wo uld
invig o ra te this impo rta nt c o rne r. We ha ve se c ure d L e tte rs o f I nte re st fro m thre e po te ntia l re ta il pa rtne rs fo r Pa rc e l 42 tha t inc lude a lo c a l ha rdwa re sto re , a fitne ss/ he a lth c lub , a nd a g o urme t ma rke t. I n a dditio n, o ur pro p o sa l inc lude s funds to spo nso r a po c ke t-pa rk de sig n c o mpe titio n thro ug h Ho wa rd Unive rsity’ s Sc ho o l o f Arc hite c ture fo r the a dja c e nt tria ng ula r lo t (L
- t 803). Pa rk de sig n
re q uire me nts wo uld inc lude unre stric te d c o mmunity a c c e ss, sto rmwa te r ma na g e me nt e le me nts a nd o ppo rtunitie s fo r a rt insta lla tio ns tha t re fle c t the histo ry a nd c ulture o f Sha w.
At Pa rc e l 42, we hope to c ombine a fforda ble , sma rt- de nsity, with hig h qua lity de sig n to invig ora te this importa nt ne ig hborhood c orne r.