Arctaris Annual Impact Report: Financial Innovation. Community Impact.

Overview

Northeast Heights is a ground-up development with ~256,000 s/f of build-to-suit Class A office and retail space. Approximately 93% of the building is pre-leased for 20 years to the D.C. Department of General Services to serve as its new headquarters, with food and daily-needs retail expected to occupy the ground floor space.

Impact Thesis

This mixed-use Ward 7 revitalization project is the first of a 3-phase $600M effort in partnership with the D.C. Mayor’s office to revitalize the historically underserved Ward 7 east of the Anacostia River. The Project is expected to increase daytime foot traffic by 700+ and serve as an anchor in a neighborhood with 23.3% of families living under the poverty line and median income of approximately half of the rest of Washington, D.C. Later phases are expected to include a grocery store redevelopment, 1,300+ residential units, and community spaces. The project developer is a minority-owned business.

Status Active
Year 2021
Location Washington D.C.

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