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Here’s an image from the Stanton/Eastbanc plan posted online after the group’s presentation in early summer.

Mayor Adrian Fenty announced this morning that a group of developers led by Stanton Development Corp. and EastBanc Inc. will usher in a new era in Eastern Market: The group will be taking over the former Hine Junior High School site, which sits between the market and Pennsylvania Avenue SE.

It will be transformed it into a mixed-use complex with retail, restaurants, and space for the consolidation of the Shakespeare Theatre Company’s operations:

“Stanton-EastBanc’s proposal calls for about 510,000 square feet of total development at the site. It will include more than 200,000 square feet of office space – about 62,000 square feet set aside to move the nonprofit International Relief and Development and its 200 employees from Virginia to a new headquarters in the District. The project is also set to include about 150 apartments, 60,000 square feet of neighborhood-serving retail and restaurants, consolidation of the Shakespeare Theatre Company’s operations and 150 parking spaces. Stanton-EastBanc did not request any subsidy from the District for the project. The project could break ground as soon as 2011.”