The Washington Business Journal has been keeping tabs on how the banking crisis is influencing construction inside the district. Most recently they put the focus on the RFPs that Neil Albert, the Deputy Mayor of Economic Development, has awarded.
There article does mention the 5th and Eye RFP:
James “Jad” Donohoe, development director of Donohoe Development Co., expects the earliest he goes into the ground for his hotel-residential project at Fifth and Eye streets NW in Mount Vernon Triangle will be a year after the council approves it. The approval itself not expected for at least a year.
The project will be financed by a sovereign wealth fund, he said. “We’re talking to people we wouldn’t have been using a few years ago. We’re casting the net a little bit wider.”