Some exciting real estate news comes via the Washington City Paper. Jair Lynch Development Partners acquired those big government buildings on the south side of the 600 block of H Street. They paid $51.5 million. No word yet on exactly what they have planned. And discount clothier Fashion One is closing. Prince of Petworth confirmed with them that they have lost their lease.
You'll probably also want to check out this gentrification discussion over at Housing Complex.
In restaurant news the City Paper reports that The Big Board (421 H Street) will hopefully open October 8th. CP also says that Mike Lunsford, formerly sous chef at Granville Moore's (1238 H Street), will serve as head chef at The Big Board. DCist and Eater sound excited that Toki Underground (2nd floor of 1234 H Street) will soon host Baohaus chef Eddie Huang. It's a pop-up event planned for October 14th and 15th. During the event Huang and Toki Underground head chef Erik Bruner-Yang will work the line together, and no doubt produce some amazing fare.
It's also not too late to catch Stop Kiss at the H Street Playhouse. It's gotten some pretty good press, and it runs through October 2nd. Reviews: DCist, MD Theatre Guide, We Love DC, Wasington City Paper, Brightest Young Things, Washington Post, and Metro Weekly.
12 comments:
What's going on with that Pho place? Any news on that?
They have tables and chairs in there.
Two more questions: What happened to Vendetta (sp?) and does anybody know what's being built on the top of the HCC? I think it was HCC...or was it RRH?
Vendetta Coming in a Different Location to be announced soon. Rock and Roll has a roof deck opening within weeks.....
Thanks...Joe Englert
okay so the blog piece states that gentrifiers are not moving in to ward 8 and no one is buying up properties that could price out older residents sooooooo what exactly was the point of Bary's meeting? Sounds like a gripe session to me.
Also, as long as Marion Barry is the council member for ward 8, I don't think he has to worry about progressive thinkers (ie gentrifiers) of any color coming in droves. He is an active impediment to any real economic development in his ward. I think the only purpose of this meeting was to further his "us versus them" rhetoric in order to keep his job as councilman because as was stated in the notes from the meeting, there is currently no huge influx of gentrifiers on their way to ward 8. The saddest part of it all is that! ward 8 has the second highest unemployment rate in the country based on population and yet he has still managed to bamboozle theseresidents into voting for him election after election. If I were a business, I sure wouldn't want to deal with him to start a business there.
Hey Joe Englert,
Great news about Vendetta still coming. Rumor was that the project had died. Glad to hear its still in the works!
Can you make any news and give us an anticipated delivery date? Or perhaps what the concept will be?
Thanks in advance,
Jordan
Wow, "Back in 2005, H Street Ventures LLC bought the whole property for $42 million...This May, the BZA rubber stamped a two-year extension on the zoning approval, satisfied that the owners just couldn't get the financing to move forward.....On the 12th, "645 H ST NE OFFICE PJV LLC JAIR LYNCH DEVELOPMENT PARTNER" bought the whole shebang for a cool $51.5 million."
Does this mean H St. Ventures made $9.5 million in 6 years? I hope my house appreciates at this rate!
Any updates on H Street Connection? Please....
That office building looks creepy and abandoned, like a Chi chis in a mall parking lot.
That appreciation is not spectacular. It is 22% over 6 years or 3.3% annually. Considering what has happened nationally over the years, it's nice that it didnt go down. They probably lost money on it assuming they didnt pay cash for at least half of it.
@ Dave B
Not that I disagree that its not a great appreciation .. but they also had income from leasing the spaces.
Jordan,
Are you kidding me ? Anticipated delivery date, really ?
Haven't we gone through this crap before. People ask for delivery dates before projects even start. Then they get all pissy if it's not when they thought it would be.
Just relax, geeez.
David from 11th St
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