Washington DC + DC + Office | June 8, 2023

Reeves CMC Venture to Redevelop Reeves Center of Municipal Affairs Site

The Reeves CMC Venture team has been selected by Mayor Muriel Bowser and the Office of the Deputy Mayor for Planning and Economic Development to redevelop the Frank D. Reeves Center of Municipal Affairs site in Washington, DC.

The project aims to honor the community’s history as Black Broadway and the center of African American business, arts, and entertainment. Reeves CMC Venture, consisting of CSG Urban Partners, Capri Investment Group, and MRP Realty, will lead the redevelopment effort, which includes the new headquarters of the NAACP, municipal office space, a hotel, and both affordable and market-rate housing.

The project will also feature cultural institutions such as the Alvin Ailey American Dance School and the Washington Jazz Arts Institute, as well as a restaurant by celebrity chef Carla Hall. Construction is slated to begin in 2025.

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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