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JBG Cos. Developing All Around U Street Corridor (Hotel or No Hotel?)

by Borderstan.com — March 20, 2012 at 12:00 pm 0

"Borderstan" "Louis 14th", JBG Cos., U, Street

Artist rendering of the Louis apartment-retail complex that is just getting underway on the southwest corner of 14th and U Streets NW. (courtesy JBG Cos.)

By Michelle Lancaster. You can follow her and let her know your news on Twitter @MichLancaster. Email her at michellel[AT]borderstan.com.

The real estate developer JBG Cos, has five large projects underway between 14th and S Streets and 7th and Florida Avenue NW. According to the Washington City Paper‘s Housing Complex Blog, all of them are in varying stages of development and approval by various councils and boards.

Among the stalled projects is the unnamed hotel at 13th and U Streets NW, which has been snarled by financing, Rite Aid’s long-term lease and neighborhood concern about the initial design, as well as the Louis project slated for 14th and U Streets NW ($1,500 studios that may come with a ‘limited service grocer’ and all kinds of amenities on the roof). You may have also read Alejandra Owens’ post about about Estadio owner Mark Kuller’s new Asian concept at 14th and S Streets NW.

However, yesterday local blog U Street Dirt had a post yesterday about JBG’s plans for a hotel: “Hotel at 13th and U? Naah. How About Rentals?” The post asked whether JBG is changing its mind about its plans for the spot. Emails to JBG and their spokespersons late yesterday afternoon were not returned. This morning Washington City Paper‘s Housing Complex blog had a piece on the possible switch to rentals from a hotel, with a comment from JGB’s Matthew Blocher that they are essentially still exploring mixed uses for the site. Apparently more info is to come on April 10 at JBG presentation at Busboys & Poets.

Basically, if you’re already concerned about parking in the area, things could very well get much busier in a hurry… or in a bit of time, if we know the local approval processes involved for several of the bigger deliveries. But then again, it also seems that many of the new residents in the area do not own cars. Am I right?

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