WASHINGTON, DC—Virginia-based Cornerstone DevelopmentGroup is acquiring four buildings on H Street NEwhere it plans to build a mixed-use project.

|

The firm has agreed to 646-654 H Street NE from thePilgrim Baptist Church for an undisclosed price.The sales deal is slated to close in early June, according to theWashington Business Journal.

|

“They were never on the market,” Rev. Louis JonesII, the pastor of the Pilgrim Baptist Church says. “It wasjust an offer that we thought was lucrative, that was feasible andwe should do so that we can invest in more ministry.”

|

An April 23 letter from D.C. Zoning AdministratorMatthew Le Grant to Dario Davies ofFairfax-based FORMDesign, a partner inCornerstone, reveals Cornerstone intends to replace the four HStreet storefronts with a multifamily building and ground floorretail. See story in the Washington Business Journal.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.