Marbury Plaza to Get a $5M Makeover

WASHINGTON, DC-The owner and tenants of 672-unit Marbury Plaza, a distressed condo, have finally reached a consensus after a strike that went on for two years.

By GlobeSt News Hub | August 18, 2010 at 01:01 AM

WASHINGTON, DC-The owner and tenants of 672-unit Marbury Plaza, a distressed condo, have finally reached a consensus after a strike that went on for two years. Under this agreement, the owner A&A Marbury LLC, comprising The Lightstone Group and The Collins Group, will make $5 million worth repairs including improvements to roofing, plumbing, windows, heating, etc. to the 42-year old apartment complex.

The new manager of the property Urban Investment Partners will oversee the work. For the full story, go to Twincities Business Journals.

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