X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-Capitol Crossing, a unique mixed-use development planned for the three blocks of the recessed portion of I-395 in Downtown Washington, has taken a major step forward. Property Group Partners has acquired the fee interest in three blocks of the project and plans to begin development in 2013.

The project is among the most ambitious–to say nothing of innovative–proposed for the District. The project will be built, in part, on a platform that will be constructed over the Interstate connecting Capitol Hill to the East End.  Designed for LEED Platinum certification, the project will span Massachusetts Avenue on the north to E Street on the south and cover the expressway between 2nd and 3rd Streets NW. Ultimately it will create seven acres of property when completed. The specific financial terms have not been disclosed.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.