WASHINGTON, DC—The District of Columbia hasreached an agreement to sell the R.L. ChristianLibrary property at 1300 H St. NE to RiseDevelopment and the H Street Community DevelopmentCorp. for approximately $2.8 million.
The Rise/H Street partnership has plans to redevelop theproperty into a mixed-use development that will feature a 30-unitto 45-unit apartment building that will also include about 8,000square feet of retail space.
Rise and the H Street CDC were awarded the development rights inJanuary 2013 to the 10,800-square-foot parcel, according to theWashington Business Journal.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.