From Peebles Corporation:
In May 2014, The Peebles Corporation was selected to redevelop 901 5th Street NW, or “5th & I” into a nearly 250,000-square-foot mixed-use project complementing and enhancing Washington, D.C.’s dynamic and vibrant Mount Vernon Triangle neighborhood.
The plan, a 198-key Standard Boutique Hotel with 59 branded residences and various world-class amenities and entertainment offerings, will build on the neighborhood’s vibrant culture with its unique combination of luxury and purpose. A “living room” lounge, restaurant, outdoor beer garden, and The Standard’s iconic rooftop lounge will invite guests, residents, and neighbors alike to stay and play, while the property’s ideal location puts them in walking distance to The Verizon Center, Walter Washington Convention Center, the Central Business District, and less than a mile away from both the White House and Union Station.
In addition, and as part of its plan to revitalize and enhance the neighborhood, The Peebles Corporation will develop workforce housing in an under-developed area east of the Anacostia River, as well as two parks, Milian Park and Seaton Park, into family-friendly recreation areas.