Project Case Study
Meridian Public Charter School
Project Description
Facility Development: Project Management
Location
Washington, DC
Campus Opened
2012-13 School Year
Total Project Costs
$16 Million
Building Hope Investment
$2 Million
Project Size
12,000 sq. ft. New Construction / 49,000 sq. ft. Renovation

Facility Development: Project Management

Meridian Public Charter School (Meridian) was established in 1999 by a group of community members who believed that a community-based public charter school could improve the lives of students in the District of Columbia.

In the spring of 2011, Meridian was awarded the opportunity to enter into a long-term lease of the former Harrison Elementary School building in the U Street Corridor.

Meridian hired a development team including Building Hope and Brailsford & Dunlavey to manage the process of getting the facility ready for the start of the 2012-13 school year. The development team assisted in the financing and lease negotiations for the new building and managed the project’s design and construction.

In addition to project management services, Building Hope provided a $1.5 million loan plus a $500,000 line of credit.  Primary funding for the new facility was provided through The Reinvestment Fund’s Chase New Markets Tax Credit Charter School Fund.

The new facility serves 300 families and 530 children from Pre-K through eighth grade.