Best Real Estate Deals: MLK Gateway Phase I, Best Redevelopment

Bo Menkiti, founder of The Menkiti Group, has built his burgeoning real estate portfolio in part by seizing opportunities that he says lie “on the other side of perception.”

For Menkiti, the idea is to bridge the “metaphorical dividing line” between that which is and which isn’t perceived as valuable. For at least the past 50 years, D.C., like most major cities, has been filled with dividing lines that are more than just metaphorical: freeways, train tracks and the Anacostia River, to name a few.

When the District started looking for developers interested in building a new gateway to Historic Anacostia at the intersection of Martin Luther King Jr. Avenue and Good Hope Road SE back in 2015, Menkiti knew he would need to “put his money where his mouth was” — and find some partners willing to do the same.

While Menkiti was mulling over his options for responding to the RFP, he attended a conference in Boston sponsored by the Initiative for a Competitive Inner City. While…

Read the full story from the Washington Business Journal.
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