Developers Secure $51M to Begin Construction on MLK Gateway

Published article in Commercial Observer August 18, 2021 by Chava Gourarie


The second phase of the MLK Gateway development in Anacostia, which will be home to Washington, D.C.’s Department of Housing and Community Development (DCDH), has secured $51 million in financing to move the project forward.


The mixed-use development, a partnership between The Menkiti Group and the Office of the Deputy Mayor for Planning and Economic Development (DMPED), will include office and retail components at the gateway between Downtown D.C. and the east side of the Anacostia River.


An additional $8 million loan was provided by the Black Economic Development Fund, a $250 million fund managed by the nonprofit Local Initiatives Support Corporation (LISC).