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DHCD Vacant To Vibrant DC Bidders List March 2018

The document lists winning bidders from DC's Vacant to Vibrant auction of 33 vacant properties. Howard University and Equilibrium Realty Investments LLC won several properties each across multiple wards. The auction raised over $6 million which will go towards creating affordable housing and open spaces. Winning bidders must now work with DC agencies on development plans and public approval processes to rehabilitate the properties per the conditions of the auction.

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780 views

DHCD Vacant To Vibrant DC Bidders List March 2018

The document lists winning bidders from DC's Vacant to Vibrant auction of 33 vacant properties. Howard University and Equilibrium Realty Investments LLC won several properties each across multiple wards. The auction raised over $6 million which will go towards creating affordable housing and open spaces. Winning bidders must now work with DC agencies on development plans and public approval processes to rehabilitate the properties per the conditions of the auction.

Uploaded by

Scott Roberts
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Vacant to vibrant dc AUCTION, WINNER bidder list

DC DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT


Vacant to Vibrant DC is Mayor Muriel Bowser’s five-point action plan that will transform
vacant space in the inventory of DHCD’s Property Acquisition and Disposition Division into
workforce housing and creative green and play space, and spur economic development.

Overview
During a five-day auction held by Alex Cooper
Auctioneers in January, all 33 sites received bids.
Upon completion, the properties will be sold to
households earning no more than $132,350 for a
family of four (120 percent of the Median Family
Income [MFI]).
Several initial administrative steps were fulfilled
by the winning bidders in the weeks after the
auction ended January 23, to include submitting
deposits and signing auction purchase and sale
agreements.
Next, the bidders will follow DHCD’s property disposition process, which included briefings on February 27 and
March 1, where they received procedural information from DHCD and other District government agencies.
Next steps include public hearings on April 4 and April 5, DC Council review, and design review of the bidders’
development plans.
List of Winning Bidders, effective February 2018
Property Winning Bidder Final Bidding Price
Ward 1
1132 Columbia Rd. NW Howard University $860,000
Ward 2
1735-1737 10th St. NW CDDC 1735-37 10th St NW LLC $86,000
Ward 4
1422 Shepherd St. NW Howard University $730,000
523 Kennedy St. NW Equilibrium Realty Investments LLC $670,000
Continued on page 2

For More Information


Visit our website at https://dhcd.dc.gov/page/vacant-vibrant-dc.

DC Department of Housing and Community Development


Polly Donaldson, Director
1800 Martin Luther King Jr. Avenue SE | Washington, DC 20020
(202) 442-7200 | www.dhcd.dc.gov
vacant to vibrant dc bidders LIST, Page 2
Property Winning Bidder Final Bidding Price
Ward 5

160 Adams St. NW Howard University $520,000


36 Channing St. NW Howard University $770,000
1247 Holbrook Terr. NE Naylordc Investment LLC $460,000
1612 Levis St. NE Robert Covington $240,000
2650 Myrtle Ave. NE Charae Ligon $150,000
Square 4253, Lot 0818, 24th St. NE Laila Rahman $150,000
Ward 6
905 R St. NW Weiss Nusraty $870,000
802 10th St. NE Aaron Ruderman $430,000
Ward 7
4442 B St. SE Chiwuba Ohanyerenwa $140,000
5308 E St. SE North Star Properties LLC $95,000
5302 F St. SE Eluvial Realty, LLC $100,000
5034 Bass Pl. SE Dana Williams $75,000
4226 Dix St. NE James Carroll $120,000
5328 James Pl. NE Medici Road, Inc. $95,000
4319 Kane Pl. NE Marlena McWilliams $85,000
5033 Meade St. NE Daniel Garedew $110,000

Square 5150, Lot 0095, 46th St. NE A Wash & Associates, Inc. $90,000

919 47th Pl. NE Medici Road, Inc. $95,000


832 48th St. NE Under22, Inc. $150,000
Ward 8
10 Brandywine St. SE Howard University $275,000

700 Brandywine St. SE Equilibrium Realty Investments LLC $650,000

62-64 Forrester St. SW North Star Properties LLC $250,000


The LAB Group, Inc. DBA L.A. Bolden
157 Forrester St. SW $210,000
Company
560-562 Foxhall Pl. SE Winston Cox $150,000
1620-1626 Galen St. SE Howard University $400,000

4324, 4326 & 4338 Halley Terr. SE Naylordc Investment LLC $940,000

2413 Shannon Pl. SE Amanuel Haileab $160,000


4244 6th St. SE Koy Banks $420,000
2814 28th St. SE Winston Cox $260,000

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