Wednesday, October 30, 2013
WBJ: Douglas Development Plots Mixed Use Development on H Street
The existing CDC building. Google Streetview
The Washington Business Journal has the details on Douglas Development's plans for the former headquarters of the H Street Community Development Corporation (501 H Street).
-Douglas Development paid $4.9 million for the property
-Initial list price was $8.6 million
-50 apartment units
-10,000 square feet of retail space
-Too early to discuss the identity of potential retail tenants
-Douglas hopes to break ground in late 2014
It's very early in the process on this one, & that can be easy to forget. But here's the thing, in early September Urban Turf reported on this Douglas project. Back then, the plan was 32 residential units, and 30,000 square feet of retail space. There was even mention of Crate & Barrel as a potential tenant. That won't happen if the retail space is reduced to 10,000 square feet.
Before that the plan was a 48 unit Jair Lynch project on the site with 4,000 square feet of retail.
Before that the CDC had plans to expand their headquarters into a five story building with affordable housing.
Whew! Confused yet?