Chip Ellis, chief executive officer of D.C.-based Ellis Development Group and one of the project’s partners, said he still hopes to break ground by the end of the year.The last thing I heard was that the project had cleared every hurdle and groundbreaking would occur this past spring.
Friday, October 03, 2008
Broadcast Center One Still to Break Ground in 2008?
According to this article from the Washington Business Journal, Broadcast Center One -- a major, catalytic mixed use development above the Shaw-Howard metro station on 7th street -- could still break ground this year. In relevant part, the article states:
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2 comments:
I hope so, but I am extremely skeptical because of the credit markets for construction financing and Radio One performance (or lack thereof).
My main concern is that this has been dragging on for the last year. There is no sign there (I walk past it everyday), yet the city gave several million dollars (taxpayer money) to help move this along. There is no transparency regarding this project and I think that is unfair. The credit market will provide them with an excuse to postpone the project, but this is ridiculous!
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