MRP Realty, Kruger Reshape Historic Corridor in Washington DC
- Sep 16, 2016
By Csilla Borsos
Washington, D.C.—MRP Realty, a real estate operating company, and Kruger Real Estate, a Canadian-based diversified private investment firm, have announced the acquisition of three parcels at 315 H St., NE in the H Street corridor in Washington, for an upcoming mixed-use development.
The project will consist of a roughly 94,000-square-foot, 112-unit apartment building with 6,000 square feet of ground floor retail. Set to be completed in the spring of 2018, the property represents an extensive development opportunity on the historically significant H Street corridor, according to Ryan Crane of Kruger. MRP Principal John Begert added that in the past decade, H Street has become a major commercial and creative hub in the neighborhood.
315 H St. is in close proximity to Union Station and Metro, with a front door access to a streetcar stop. Also, there is a plethora of bars and music venues, along with a visual and performing arts scene. An array of independent retailers and high-end residences also helped restore the significance of H Street corridor.
Image courtesy of MRP Realty