The District of Columbia is selling 965 Florida Avenue NW and has selected the joint venture among MRP Realty, Ellis Development Group and Fundrise as one of two finalists to purchase the property.
We believe publicly-owned properties should be sold to developers who allow public investment, enabling community members like you to share in financial benefits of new development in their area.
Help us win the right to purchase 965 Florida Avenue NW by demonstrating demand for public investment in publicly-owned properties.
|Minimum share price||$100 - $10,000*|
|Annual return on investment||8-10%*|
|Payback of investment principal||3-5 years*|
The Griffith is a mixed use development consisting of approximately 370,000 square feet, including 35,000 sq. ft. of ground floor retail and residential units above. “The Griffith” title is a playful homage to the old Griffith Stadium that was located between Georgia Avenue and 5th Street from 1911 to 1965.
The ground floor retail will include “Griffith Market”, designed as an indoor market that allows small and independent grocers, operators, and retail entrepreneurs to set up inside the building and serve the general public in a creative and affordable manner, thereby creating an urban village that is authentic to the culture of Shaw and LeDroit Park.
The Griffith development at 965 Florida Avenue will be a joint venture real estate development by MRP Realty, Ellis Development Group, and Fundrise. We are excited about giving every DC resident the opportunity to invest in this redevelopment opportunity, which otherwise would only be available to large investment funds.
Founded in 2005, MidAtlantic Realty Partners, LLC (MRP) is a real estate operating company focused on opportunistic and value add investments in the Washington, DC metropolitan area. MRP Realty’s institutional capital partners are provided with a full array of real estate services including:
The Ellis Development Group is a Certified Business Enterprise (CBE) minority owned real estate development and consulting firm based in the Washington, DC metropolitan area. Ellis specializes in developing and managing complex real estate development projects, including the recent development of Progression Place. Over the last decade Ellis has developed over 500,000 square feet of mixed-use, residential, office and commercial/entertainment space valued well over $200MM in asset value.
Fundrise is an online platform that uses technology to create a new model for real estate investment centered around crowdfunding. Fundrise allows investors to browse offerings, invest online, manage investments through a web portfolio, and receive potential returns automatically.
Shaw has long been one of the entertainment and cultural hubs of Washington, DC. During the early 20th century the neighborhood was considered the preeminent center of African American intellectual and cultural life, home to residents such as Langston Hughes and Duke Ellington.
Bounded by Howard University to the North and the Washington Convention Center to the South, Shaw is home to legendary music and entertainment venues including the Howard Theatre and 9:30 Club.
Today, Shaw is experiencing an unprecedented amount of urban renewal and growth. Along the five-block corridor of 7th street, directly north and south of the property, there are over 2 million square feet of development underway.
Over the next two years more than 2,000 new residential units will be delivered within a half-mile radius. The neighborhood is served by two metro stops, both within 3 blocks walking distance of the property.
The renewed energy and development has attracted some of the city's top chefs and a number of new restaurants including Rogue 24, SUNdeVICH, Seasonal Pantry and Corduroy.
The surrounding area is also home to several local galleries and retailers, and will soon be welcoming a state-of-the art Giant Food grocer, 1,000-room Marriot Marquis Hotel, and the LivingSocial national headquarters.