A local developer is seeking to build a 46-unit residential building on Potomac Avenue SE near the Washington Navy Yard.
The Murillo Malnati Group, working as Thomas Jefferson Real Estate LLC, has filed development plans with D.C.’s Board of Zoning Adjustment for the project. After buying the site at 816-820 Potomac Ave SE, The Murillo Malnati Group is planning to build a 75-unit apartment building with retail space.The development will be built in three phases, with the 19-unit Phase 1 that broke ground in March, the 49-unit Phase 2 beginning in summer 2018, and then the seven- to 10-unit Phase 3.
[caption id="attachment_4756" align="aligncenter" width="300"] The Woodley-Wardman, a MMg project at 2818 Connecticut Avenue, NW[/caption] MMg has purchased seven parking lots on the block since January, as well as a rowhouse at 819 L St. SE. The 900-square foot, two-story house sits on the northwest corner of the property where it is currently used as an office. There are plans for a four-story, 27,526-square-foot structure with a mix of studios and one- and two-bedroom units and 47 underground parking spaces. The developer is seeking several zoning variances. It includes zoning regulation relief that requires 50 percent of the ground-floor space be utilized for retail. But the applicant writes that the property’s isolated location makes it unsuitable for commercial and seeks to make the building 100-percent residential. The Murillo Malnati Group specializes in smaller multi-family development. Some of their projects include Mount Vernon Square’s The Palermo, a conversion of a historic mansion into six units, and the Adams-Mason House, a mixed-use development that includes the renovation of a historic building in Georgetown.
We’re not going after the same market," Murillo said. "We think there’s a niche in the space between Class-A and B and slightly discounted from what you pay at amenity-rich locations. I think there’s a market for that."