FRP Development Corp., MRP Realty JV to develop mixed-use property in NE D.C.

MRP Realty, developers of commercial, residential, and mixed-use real estate across the mid-Atlantic region, and FRP Development Corp, Inc., a full-service real estate company, have formed a joint venture to develop Phase I of Bryant Street, a mixed-use development in Northeast Washington, D.C.

Bryant Street is a mixed-use, transit-oriented development on Rhode Island Avenue adjacent to the Rhode Island Metro Station (Red Line) and within a designated Opportunity Zone in Northeast Washington, D.C.

“Bryant Street will ignite the transformation of this 13-acre site that residents — whether in Northeast or seeking to move there — have needed and wanted for many years,” said MRP principal John Begert.

This first phase will feature three mid-rise buildings with 490 multifamily units, a nine-screen Alamo Drafthouse Cinema, and an additional 40,390 square feet of ground-floor retail. The first phase of Bryant Street will include significant public realm improvements including a plaza, a new urban grid, a dog park, a market building, ample outdoor seating for the public, and an improved Metropolitan Branch Trail including Metro pedestrian access adjacent to the site. At full build-out, the overall Bryant Street project will feature more than 1,650 residential units and 250,000 square feet of retail on a 13-acre site in the heart of Washington, D.C., adjacent to the Red Line.