That money will allow the company to break ground on the $260 million project a year from September, Susan Linsky, project manager, tells GlobeSt.com. The TIF, she says, "means CityMarket at O will actually happen now. Getting this financing was always crucial to our plan." There is $44 million of public infrastructure-related investment connected to the project, she explains. "That is what the city money will cover."

CityMarket at O is a mixed-use project that will eventually deliver 100 units of senior affordable housing, 385 market rate rentals, 160 condos, a 200-room limited service hotel, 560 parking slots, 460 of which are below ground, 87,000-sf of retail, including a 71,000-sf Giant grocery store--the largest in DC, according to Linsky.

These plans are still preliminary, she says, as the company is still in the schematic phase. As of right now, there will be five buildings all together: two multifamily buildings, a condo, the hotel and the Giant grocery store. It is the grocery store that is the adaptive use portion of the project. Roadside is restoring the O Street Market, a historic building, and incorporating it into the Giant. Built in 1881, the O Street Market served not only as a market but as a place for residents to meet and socialize.