Howard University has identified its preferred development partner to redevelop the Bond Bread Factory and Washington Railway & Electric Company buildings, located at Georgia Avenue and V Street, Northwest.

WASHINGTON, DC—After initially reviewing more than 20 responses to its Request for Qualifications, Howard University's Board of Trustees has approved plans to enter into exclusive negotiations with EDENS, Fivesquares Development and the Menkiti Group (The Bond Partnership) to reimagine a 2.2-acre project here into a 600,000-square-foot mixed-use development.

Under a capitalized ground lease structure, Howard University will maintain fee simple ownership of the property to preserve and enhance its real estate portfolio—realizing fair market value and capitalization, as well as long-term participation in the project's economic success, the university states.

The project involves the redevelopment of the Bond Bread Factory and Washington Railway & Electric Company buildings, located across from Howard University Hospital, at Georgia Avenue and V Street, Northwest.