One Vision Development Wins $700M MXD Project

WASHINGTON, DC-The District has selected One Vision Development Partners to develop the $700-million Northwest One. The partnership between William C. Smith Cos. and the Jair Lynch Cos. calls for more than 1,630 new units of housing–apartments, condos and townhouses priced for buyers and renters at all income levels–a 21,000-sf clinic, more than 40,000 sf of retail and 220,000 sf of office space.

The development team includes Banneker Ventures and affordable housing provider CPDC. As part of the project, the District is investing about $45 million to rebuild the nearby Walker-Jones Elementary School, including a new recreation center and public library.

Northwest One, which is part of the District’s New Communities Initiative, will be built in several phases, most likely starting at District-controlled sites along North Capitol Street. The Northwest One neighborhood is bounded by K Street to the south, New York Avenue to the north and New Jersey Avenue to the west.