1610 7TH Street is situated between the Rhode Island corridor , Massachusetts Ave and the Washington DC Convention Center. Positioned to take advantage of the synergy that will be generated by the Historic O street Market project and blocks to the Shaw Metro. The O Street Market has stood at the corner of 7th and O Streets, NW, since 1881, Roadside Development purchased the site in 2002 and began their plans to reinvent the site and with it a key section of Shaw. In late June, 2008, the DC government announced a deal to provide a $35 million tax increment financing (TIF) to help the developers bridge a financial gap and achieve the $260 million needed for the project.The project will be an "economic engine for the neighborhood", providing over 600 jobs during construction and 400 full-time equivalent jobs once completed. The two-block, mixed-use project will include 611 residential units, 86 of which will be subsidized by the city, senior housing, a 189-room hotel, a 516-space parkin
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