I recently noticed for sale signs at the empty lots located at 917 M Street, NW and 1212 9th Street, NW. These lots were slated to be developed into the Flats at Blagden Alley, a mixed use project including ground floor retail on 9th Street and residences. As previously reported, Walnut Street Development originally planned the project, which was subsequently purchased by Self Help, Inc.I found this listing and this listing and about the current sale. The lots' collective asking price as $10,925,550 and are marketed by Grubb & Ellis Company. In relevant part, the listings state that:
Flats at Blagden Alley: Proposed Multi-Family Condominium Building. 15,976 SF Available For Sale. Project Plans: 63 units, 33 Covered Parking Spaces, & 2,400 SF of Retail Space in 2 Residential Buildings. No co-broker fee is being offered.I've always loved the renderings for the Flats at Blagden Alley -- it seems like a fantastic plan for the properties. I've got my fingers crossed that someone will purchase this project and move forward with it.
2 comments:
I know the economy is not great but Walnut Street proved to be a dud of a developer. They bailed on a project called Eye Street Lofts in the Triangle as well...
Yeah, money is tight. But those with financing are going forward with development projects. The building project @ 5th & R.I. Av.is going along, it seems smoothly. But who knows ? A couple of projects in the 1600 block of 5th have stalled for some time. One can only imagine it is because of lack of capital.
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