Over the years Douglas Development has assembled a majority of properties on Squares 450 and 451 (see map below for Square boundaries). In both 2008 and 2009 we learned from Paul Millstein of tentative mixed use plans Douglas had for the sites including a rumor of a major entertainment anchor and relocating The Waffle Shop. But development groundbreakings across the city were at a standstill and nothing came to pass. The economic cold front seems to be thawing across the city in 2011. We seem to be closer than ever to action on these parcels including recent news of a partnership with Kettler for an apartment project at 6th & L.
Lydia DePillis of the City Paper got the very latest scoop from Douglas last night at an ANC 2C meeting.
Douglas plans to sign a lease this month with a large association headquarters that will take the entirety of a 300,000 square foot office building, with ground floor retail. The mystery entity looked at 24 sites in the region, Millstein said, and chose square 451 for a flagship location. He expects a groundbreaking next year.
UPDATE [1/6/11 5:25PM] – Tierney Plumb of the Washington Business Journal reveals that the future tenant, who aims to occupy the property by the Q4 2013, is the American Association of Medical Colleges (AAMC).
While informing the attendees of their latest plans Millstein also asked for ANC support on a request for relief from the blighted tax rate on the former Hodges Sandwich Shop property (616 New York Ave NW).