Tag Archives: DC

NoMa Parks Foundation opens rain installation in M Street NE Underpass

Thousands of light-up rods now hang from the Metro underpass on M Street, Northeast.

The first of four planned Art Parks titled “Rain” serves to beautify and brighten the underpass for pedestrians 24 hours a day.  The lights pulse in response to traffic and provide pedestrians a safer, more enjoyable experience. Look for the next NoMa Art Park titled “Lightweave”, beginning construction on L Street NE underpass this November!

PHOTO CREDIT: NOMA PARKS FOUNDATION VIA WASHINGTONIAN.COM/2018/10/26/PHOTOS-DCS-FIRST-UNDERPASS-ART-PARK-OPENS-IN-NOMA/

NoMa Parks Foundation Opens Rain Installation in M Street NE Underpass

Capitol Vista Breaks Ground

As reported by the Executive Office of the Mayor on Tuesday, September 25, 2018:

“Today, Mayor Bowser broke ground on Capitol Vista, a 104-unit affordable housing community in the amenity-rich Mount Vernon Triangle neighborhood in Ward 6. This groundbreaking follows recent affordable housing announcements by Mayor Bowser in the Mount Vernon Triangle neighborhood, which include the grand opening of Plaza West, a 223-unit affordable housing community for seniors, families, and “grandfamilies,” and a groundbreaking on Liberty Place, an affordable housing project which will deliver permanent supportive housing units for those experiencing homelessness and units for veterans.

“As our city continues to grow and prosper, my Administration has remained laser-focused on ensuring residents of all backgrounds and income levels have access to safe and affordable places to live across all eight wards,” said Mayor Bowser. “Capitol Vista is an example of how we are meeting the diverse housing needs of Washingtonians and creating pathways to the middle class at the same time.”

Located at 810 New Jersey Avenue, NW, Capitol Vista will be comprised of 104 studio-, one-, and two-bedroom units for households earning up to 50 percent of the median family income (MFI) or $58,600 for a family of four. Capitol Vista will be a 100 percent affordable community with 3,000 square feet of ground floor retail and space for public art.

Capitol Vista is located in a transit-oriented, growing neighborhood within walking distance of four Metro stations and bus routes. It is also close to a grocery store, multiple places of worship, a library, recreation and restaurants, as well as downtown, employment centers and jobs.

Amenities for residents include a fitness center, conference room, clubroom, roof terrace, and bicycle parking.

The Capitol Vista affordable housing community was made possible through a collaboration of DC Government agencies, including the Office of the Deputy Mayor for Planning and Economic Development, the DC Department of Housing and Community Development, the DC Housing Finance Agency, and DC Housing Authority. Voltron Community Partners comprised of Dantes Partners LLC, Spectrum Management LLC, The Menkiti Group and Bailey Real Estate Holdings, will develop the project.

Mayor Bowser has designated September 24 through October 1 as #RootstoRoofs Housing Week across DC. The Capitol Vista groundbreaking is one several events highlighting the Bowser Administration’s progress in providing all Washingtonians a fair shot by creating and preserving affordable housing. Since coming into office, the Bowser Administration has delivered 6,000 affordable units, with another 5,200 under construction.

At the event, the Mayor was joined by Deputy Mayor for Planning and Economic Development Brian Kenner and Ward 6 Councilmember Charles Allen.”

Executive Office of the Mayor Newsroom

Learn more about Capitol Vista by visiting the project page.

Early Childhood Academy profiled in Commercial Observer

As reported by Christina Sturdivant-Sani of Commercial Observer on September 13, 2018:
“The Real Estate Struggle Is Real for DC Charter Schools”

“We’re incredibly excited to be able to bring a new building to this charter school serving very low-income students—it’s heavily aligned with our mission of transforming neighborhoods,” said Brian Burke, Executive Vice President at The Menkiti Group.

See the full Commercial Observer story here.

See our project page on the Early Childhood Academy PCS for more detail.

BO MENKITI NAMED MID-ATLANTIC FINALIST FOR EY ENTREPRENEUR OF THE YEAR® AWARD

Founder & CEO of The Menkiti Group and Keller Williams Capital Properties included with 30 other regional finalists from an array of different industries and business sectors.

EY has announced that Bo Menkiti, Founder, and CEO of The Menkiti Group and Keller Williams Capital Properties, is a finalist for the Entrepreneur Of The Year® Award in the Mid-Atlantic region. The awards program recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities. Menkiti was selected by a panel of independent judges; award winners will be announced at a gala event on June 15, 2017, at the Ritz-Carlton, Tysons Corner, VA.

Bo Menkiti, Founder & CEO of The Menkiti Group and Keller Williams Capital Properties

“I’m honored to have been named a finalist for the EY Entrepreneur Of The Year Award, and to be included with such an amazing group of business leaders and innovators,” said Bo Menkiti. “This recognition is an affirmation that entrepreneurs can operate a mission-oriented double-bottom-line company like ours and be successful at scale.”

Founded in 2004, The Menkiti Group is an integrated real estate services firm dedicated to transforming lives, careers, and communities through real estate. The company has established a reputation for its creative and productive deployment of capital and the cultivation of relationships across economic and cultural divides that have historically hindered the development of urban neighborhoods.

To date, The Menkiti Group has invested over $160 million into DC’s emerging neighborhoods, with 1.5 M square feet of property currently in its development pipeline, and has helped more than 2,000 families purchase and sell homes. The Menkiti Group also owns and operates Keller Williams Capital Properties, one of the fastest growing franchises of Keller Williams Realty, with seven offices, nearly 1,000 agents, and more than $2 billion in transactions in 2016. Together, through their joint foundation, The Menkiti Group and Keller Williams Capital Properties have donated over $500,000 to organizations in the DC, Maryland, and Virginia communities where they do business.

See here for Mr. Menkiti’s full biography.

About Entrepreneur Of The Year Entrepreneur Of The Year®, founded by EY, is the world’s most prestigious business awards program for entrepreneurs, chosen from an independent panel of judges including entrepreneurs and prominent business leaders from business, finance, and the local community. The program makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership, and achievement. As the first and only truly global awards program of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in over 145 cities and more than 60 countries. Ey.com/eoy

About The Menkiti Group & Keller Williams Capital Properties Headquartered in Washington, DC, The Menkiti Group is a real estate services company dedicated to enhancing the fabric of life in America’s urban neighborhoods through the strategic development, management, and sale of residential and commercial property. The Menkiti Group has in development or in its pipeline more than 1.5 million square feet of property; has invested over $160 million in DC’s emerging neighborhoods, and has assisted over 2,000 families in purchasing and selling homes. The Menkiti Group also owns and operates Keller Williams Capital Properties, a fastest-growing franchise of Keller Williams Realty International, with seven offices and nearly 1,000 agents. MenkitiGroup.com kwcapitalproperties.com

What’s Next After the Election? Bo Menkiti’s Perspective

Today in a special Washington Business Journal feature with other top Washington-area business leaders, The Menkiti Group CEO Bo Menkiti shared his perspsective on the potential impact of a Trump presidency for the regional business community.

In short, Bo’s perspective is that of any successful leader; that the long -term planning and visions that a company holds guide them through challenging and uncertain times.

“As a mission-based company fundamentally committed to a vision of America where communities are thriving, diverse, and economically vibrant, we naturally have concern about the impact of a change in administration on the regional economy and housing and economic policy.,” expressed Bo. “We plan to stay the course with our long-term growth strategy, and are parepared to take advantage of market opportunities should the economy shift.”

Read more of the reactions from Bo’s peers HERE.