The NoMa Business Improvement District is a nonprofit organization founded in 2007 aiming to support the revitalization and growth of the NoMa neighborhood in the heart of Washington, D.C. Through initiatives focused on planning, economic development, events, and marketing, the organization seeks to create a clean, safe, and inviting environment for residents, workers, and visitors. Its activities include providing cleaning and safety services, coordinating public and private investments, as well as enhancing the community through collaboration with NoMa neighbors. With 12.8 million square feet of office space, 4,800 residential units, and 360,000 square feet of neighborhood-serving retail, NoMa is one of the fastest-growing neighborhoods in the District. Notably, the area benefits from excellent public transportation access, with multiple Metro stations and various transit options, making it a prime example of successful transit-oriented development. Moreover, the organization promotes the neighborhood through marketing, unified branding, and free community events.
The NoMa BID's dedication to creating a vibrant, diverse, and sustainable community, combined with its strategic location and emphasis on transit-oriented development, presents an attractive opportunity for real estate investors seeking to participate in the growth and development of urban neighborhoods. With its focus on fostering a thriving environment and the potential for continued expansion, the NoMa BID is poised to play a significant role in the ongoing transformation of the area, making it an intriguing prospect for potential investors.
For further information about the NoMa BID and its initiatives, interested parties can visit the organization's website at nomabid.org.
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