WBJ reports on Jemal development today
DG-Rad, of Anacostia Now, has informed me that the Washington Business Journal ran a story about Jemal and Square 450 and 451 today in their print edition. A coincidence or did our coverage prod them into contacting Jemal to see what’s up? =)
In the article it says Jemal plans for the project to include 800,000 square feet of office space, 400,000 square of retail, 500 residential units, a boutique hotel and an entertainment attraction such as House of Blues. The article hints that the city’s requirement for housing to be included, given the residential real estate market, has slowed the time frames down for the project as Jemal is “waiting for the storm to go by”.
Two take aways for me: 1) Good to hear House of Blues still being mentioned as I wasn’t sure if Live Nation’s interest had evaporated given their recent deal in downtown Silver Spring. 2) If inclusion of housing is slowing this down the city should ease up on that requirement. The Mount Vernon Triangle will still have the greatest concentration of residential units of any BID even if these two squares have none. Let’s not stall this for years over more residential units.
Near the very bottom of the article WBJ also reports bidding is underway for headquarters of National Public Radio, which NPR will be vacating in 2011. An NPR spokeswoman told WBJ a deal is expected in coming weeks.
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