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What Does JBG Have in Store For U Street?

  • January 31st 2011

by UrbanTurf Staff

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Capital Business reported this morning that JBG Cos. has submitted the highest bid for three vacant parcels along Florida Avenue between 7th and 9th Street NW.

JBG's bid for the three Metro parcels reportedly came in at $11.5 million, more than double the bids from competing firms LaKritz Adler and Jair Lynch Development Partners.

What Does JBG Have in Store For U Street?: Figure 1
Land along the southern edge of Florida Avenue and 9th Street. Courtesy of Google Maps.

What JBG has in store for the land, however, is unclear. The firm recently broke ground on District Condos, a new 125-unit condo project at 14th and S Streets NW and the company owns a stretch of properties along the 1400 block of U Street.

If you have an inside track on what the firm has in mind, shoot us an email at editor2011@urbanturf.com

Similar Posts:

JBG Breaks Ground on Huge Rosslyn Residential Project JBG/Grosvenor 14th Street Project To Be Called District Condos

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/what_does_jbg_have_in_store_for_u_street/2920.

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