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.

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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.

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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.

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The project, to be named after R.L. Christian, is expected tocost a little more than $12 million and will generate more than $2million in real property taxes over its first 10 years. See storyin the Washington Business Journal.

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John Jordan

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