Tag Archives: construction at union market

Union Market: The Western Section

12 Nov

For the purposes of this post, the western section is defined as the area starting on the northern side of Florida Avenue, NE by 3rd Street, going over to 4th Street, and then running up the western side of 4th Street until Penn Street.  You can view our interactive map here (note: this is not perfectly drawn to scale and does not perfectly reflect lot lines, etc).  The properties are colored by owner; the color purple indicates that the property is not owned by one of the large development companies.

Union Market Western Section

Union Market Western Section

The western section of Union Market is the area most likely to see significant changes soon.  This area has several large warehouse buildings that are either owned by major developers or are for sale currently.  Plans have already been announced for three of these parcels, and one will break ground soon.

Before moving on to individual properties, it is important that we provide some background context on Edens, the company that operates the new Union Market building and that owns much of the land in the area.  Edens, a South Carolina company, specializes in large retail projects across the United States.  They usually focus on retail, but many of their projects include large portions of residential or office space.  Some of their nearby projects include Jenkins Row in Southeast and the Mosaic District in Fairfax.  Edens completely renovated the Union Market building and has a vision for how to revitalize the entire area that includes significant housing and food-oriented retail.  The company also has the money to buy properties and redevelop them quickly; the company got a $1.5 billion investment late last year and, according to The Washington Post, plans to expand the value of the properties in its portfolio from $4 billion to $7 billion.

Now for the specific properties, beginning in the southwest corner on Florida Avenue (view interactive map here):

320 and 350 Florida Avenue

320 and 350 Florida Avenue

  • 320 Florida Avenue (green on map): this land is currently occupied by a Burger King but was purchased by Level 2 (Level 2 is working on the residential aspect of Edens’s 1270 4th Street project).  The company plans around 200 apartments and retail for the space but has yet to file formal plans.
  • 350 Florida Avenue (red on map), Gateway Market: this lot starts on Florida Avenue and moves up 4th Street.  The land is currently empty.  The land was purchased by Edens after it had already gone through the zoning process under different ownership (the Choi Family, also major landowners in the area, previously owned it), and Edens recently modified the plans.  Now Gateway Market will feature 170-216 residential units, including 20% affordable housing, and will also have major retail space on the ground floor.  Edens initially had planned to break ground this year but has now stated that it will be early next year.

After Gateway Market, imagine turning left down Morse Street and walking to the end of the street (view interactive map here):

300 and 350 Morse Street

300 and 350 Morse Street

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