WASHINGTON, DC—LCOR Inc. has acquired amixed-use development site in the Union Market area where it plansto build a 188-unit apartment building.
The Berwyn, PA-based real estate firm purchased the developmentsite at 340 Florida Ave. NE from Edens Realty Inc.and the Choi Corp. who had won securedentitlements to develop Gateway Market Center.
Sources told the Washington Business Journal the purchase pricewas in the mid-$9 million range.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
