Broadcast Center One brings Radio One, the country’s largest African American-owned radio broadcasting corporation back to its District roots. Located in the District’s Shaw neighborhood at 7th and S Streets, NW. Broadcast Center One will be a catalytic force in bringing new investment to Shaw, including the creation of an office building that will help support new commercial activity in the neighborhood. The project will bring hundreds of new jobs and replace blighted street corners and empty lots with new street-level retail designed to activate the 7^th Street Corridor both day and night. The project will also help accelerate the restoration of the nearby historic Howard Theatre, which is scheduled to undergo a $28 million renovation. Broadcast Center One will also provide much-needed affordable housing as a part of the overall housing program as well as generate about a $1 million a year in additional tax revenue each year.

 

Development Partners

Broadcast Center One Partner and Ellis Development Group

 

Location

Seventh and S Streets, NW

 

Next Steps 

• Pre-Development Completed by Fall 2008
• Phase I Construction and Development – Groundbreaking scheduled for Early 2009
• Expected to be complete by Fall 2011

• Market Rate Residential Units: 135
• Affordable Residential Units: 45
• Office (GSF): 96,000
• Retail (GSF): 22,000
• Parking: 185
• Development Cost: $144 million

• 25 percent of the units will be affordable for workforce housing
• 10 percent of retail space will be made available for neighborhood retail at reduced  rents.
• Radio One will provide $250,000 worth of scholarships to neighboring Howard University students during the next five years.

• The project is expected to  generate $19 million in new tax revenue during the next 20 years.
• It will deliver nearly 680 new jobs and $22 million in new spending within the District.

• Transit-Oriented Development project atop the Shaw-Howard Metrorail Station

 

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