1338 H St., NE 1338 H St., NE

WASHINGTON, DC–Locally-based 11th Property Group is developing its first mixed-use project along the H Street Corridor in Northeast, following its purchase of 1338 H St., NE for $835,000. The 1,656-square foot property was home to a neighborhood barbershop that the previous owner had operated since 1999, according to Josh Feldman of The Feldman Group of Marcus & Millichap. Feldman, along with Ian Ruel, closed the off-market deal.

The 11th Property Group already owned the property next door at 1336 H St., NE. The company plans to combine to the two properties into one mixed-use building, Jay Gross, principal of the company, tells GlobeSt.com.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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