City Market at O (CMO) is a nearly 1 million-square-foot (93,000 sq m) mixed-use redevelopment project in D.C.’s historic Shaw neighborhood. CMO has catalyzed nearly $1 billion of new investment in Shaw and helped stabilize the area. Property values there have increased by more than 500 percent and the diversity index has tripled. It has become the retail center of Shaw, creating an important linkage between downtown and neighborhoods to the north.
A historic 19th-century market, repurposed into a state-of-the-art Giant Food Store, serves as the project’s cornerstone. The market stands among a mix of residential and retail spaces and a hotel. Extraordinary creativity on the part of the design, construction, and financing teams accelerated the delivery of housing for seniors (three years), achieved 15 percent more affordability, and consolidated all loading underground to create an uninterrupted retail experience with minimal impact on traffic and noise.