WASHINGTON, DC— The Gallaudet University Board ofTrustees voted on Friday to have the university's realestate foundation enter into exclusive negotiations for adevelopment agreement with Chevy Chase, MD-based The JBGCos. for its ambitious mixed-use 6th Street NE projecthere.
The JBG Companies was selected as the foundation's developmentpartner for the 6th Street NE project following a yearlongdeveloper selection process, the university states. More than 30developers expressed interest in the project by visiting Gallaudetduring a site tour in June 2013, with 13 submitting a response tothe Request for Qualifications. Four teams were invited to respondto the Request for Proposals, with The JBG Companies being selectedfrom among those finalists.
The 6th Street NE project is part of an overall campus phasedredevelopment plan to be initiated over the next 10 years and isvalued at $450 million, according to the Washington BusinessJournal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
