WASHINGTON, DC-Even the smalles of parcels along the H Street Corridor continue to attract interest from developers. The latest example is a redevelopment site at a corner lot on 777 17th St., NE, totaling more than 15,066 square feet, which JBGR Retail sold to a local developer. The site can support a mixed-use project of approximately 72,300 square feet.
MAC Realty Advisors brokered the transaction representing both the local developer and JBGR Retail.
The H Street Corridor, it hardly needs to be said, is on fire. The neighborhood has been in boom mode for years, a revitalization that went into overdrive with the decision by Whole Foods to open a store there. Since 2007 there have been 1,000 new apartment units developed in the submarket. There is more in the pipeline—specifically, some 144,000 square feet of retail and mixed-use projects.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
