Sunday, July 22, 2007

DC Council Approves Sale of 6428 Georgia Avenue; Park East Back on Track?

Last week, the DC Council gave unanimous approval to the sale of 6428 Georgia Avenue NW, a 5,184-sf lot containing a vacant building of 7,000 sf (formerly Blockbuster Video), to Georgia Avenue Investment Partners, LLC (Ellis Denning) for almost $4 million, bringing to a close the short, odd tale of this Brightwood property. A year ago, Ellis Denning actually owned this land, and had plans to construct Park East (pictured), a condo-retail complex on the site. But in August 2006, the DC government, threatening eminent domain, managed to purchase the lot from Ellis Denning for $3.9 million with the intention of building a firehouse for Fire Engine Company 22. Soon after, opposition to this plan was raised, with many pointing out that a firehouse would be inconsistent with efforts to revitalize this stretch of Georgia Avenue as a livable, pedestrian-friendly space. With this in mind, the DC Council passed a bill to sell the lot back to Ellis Denning at the same price for which it was purchased from them. Ellis Denning is expected to now move forward with its plans to build a 5-story complex on the lot, but now with 39 apartment units rather than condos (12 units will be affordable housing). Design is by Hickok Cole Architects.

Washington DC real estate development news


poo poo said...

dude lost money. the district should have at least given him some interest on the capital that they held for no good reason.

Anonymous said...

I'm glad there is higher-density residential going in there finally, but the morons fighting the new fire station will be the same ones that cry over emergency response times the next time there's an emergency.

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