$700,001: The High Bid For Georgetown Heating Plant
The Georgetown Heating Plant. Courtesy of GSA.
With four days to go in the online auction for Georgetown’s West Heating Plant, the bids have started rolling in. Slowly.
Ever since UrbanTurf heard the news that the former plant located on a prime piece of real estate at 29th and K Street NW would hit the auction block, we’ve been eager to see who would buy it and what they would turn it into.
However, not one bid came in during the first few weeks of the auction. And then on Thursday, the first two were submitted. The high bid now stands at $700,001.
The General Services Administration, which owns the plant, decided to find a buyer through an online auction process, giving the highest bidder the rights to develop the property, most likely through a Planned Unit Development (PUD) process involving community meetings and approvals from various agencies.
We’ll continue to keep tabs on the auction during its final days as we’d be surprised if $700,001 is the winning offer. The auction activity can be found here.
Update: Another bid for the heating plant was received on Friday for just over $1 million.
Similar Posts:
- Will Fundrise Buy the Georgetown Heating Plant?
- Future of Georgetown Heating Plant Site Unclear as Auction Approaches
See other articles related to: gsa, georgetown heating plant, georgetown, auctions
This article originally published at http://dc.urbanturf.com/articles/blog/700001_the_high_bid_for_georgetown_heating_plant/6665
Join the discussion
UrbanTurf Listings showcases the DC metro area's best properties available for sale.
Most Popular... This Week • Last 30 Days • Ever
This week's Neighborhood Eats is full of openings on 14th Street, but that doesn't... read »
Neighborhood Profiles more »
Trinidad: The Difference 5 Years Makes
Shilpi Paul
February 15th | 27 Comments
Five years ago, the DC police department was setting up police checkpoints in the Northeast DC... read »
- Trinidad: The Difference 5 Years Makes
- Truxton Circle: A Disputed Name and No Circle
- Edgewood: More Substance Than Style
- Foxhall Village: 350 Homes Just West of Georgetown
- Takoma: Not To Be Confused With Takoma Park
Editor's Choice more »
Living in DC’s Smallest House
UrbanTurf Staff
May 7th | 5 Comments
When he set out to buy a home in 2009, Jan Walwyn did not plan on purchasing one of the smallest... read »
- Living in DC’s Smallest House
- The Buildings: More Renderings Released Of McMillan Redevelopment
- DC’s Baseball “Neighborhood” One of the Most Expensive
- 5 Predictions For the Spring Market
- DC’s Central Park? A New Rendering of McMillan’s Planned Park
New Condo Profiles more »
New Boutique Condo Project Coming to 17th and Q
UrbanTurf Staff
February 25th | 6 Comments
A Dupont Circle mansion is currently being converted into a four-unit condo development that will... read »
The DC Condo Market more »
18-Unit Condo Project in Adams Morgan Slated For July Delivery
Shilpi Paul
May 13th | 4 Comments
An 18-unit condo building on Champlain Street is slated for delivery in July with sales starting... read »
- 18-Unit Condo Project in Adams Morgan Slated For July Delivery
- Nine Unit Condo Project and Restaurant Coming to Bloomingdale
- New Animation Gives Size and Scope of Adams Morgan Condo Project
- A Planned 16-Unit Kalorama Condo Project Struggles With ANC
- 14th Street’s Central Union Mission Condo Project to Begin Construction in June
Green Real Estate more »
Harvest Home: DC’s Submission For the 2013 Solar Decathlon
Shilpi Paul
May 15th | 1 Comment
DC's entry into the Solar Decathalon is a net-zero home that generates energy primarily by... read »
Deal of the Week more »
Deal of the Week: U Street Condo Alternative With Rental Prospects
Shilpi Paul
March 26th | 7 Comments
While the price per square of this installment of Deal of the Week is fairly average, the lower... read »
Renting more »
14W Open For Move-ins Starting This Week
UrbanTurf Staff
April 26th | 5 Comments
14W, the 231-unit apartment building at 14th Street and W Street NW that began leasing in February,... read »
Market Watch more »
Market Watch: Logan Circle, Columbia Heights, Dupont Circle
Keith Gibbons
November 28th | 5 Comments
Housing Market Watch returns this week after a little hiatus as Keith Gibbons takes a closer look... read »
Unique Spaces more »
DC’s One-Room House
Shilpi Paul
May 2nd | 8 Comments
For those with the budget for a studio but the hankering for a house of their own, a one-room... read »
This Week's Find more »
A Storehouse-Turned-Home on the Hill
Shilpi Paul
May 9th | 2 Comments
A few years ago, UrbanTurf wrote about a bank on Capitol Hill that was turned into a doctor's... read »
UrbanTurf Reader Asks more »
UT Reader Asks: Does It Make Financial Sense To Pay Down My Mortgage Faster?
Shilpi Paul
February 14th | 15 Comments
In this installment of UrbanTurf Reader Asks, a DC homeowner with a growing cash flow inquires... read »
- UT Reader Asks: Does It Make Financial Sense To Pay Down My Mortgage Faster?
- UT Reader Asks: Will New Parking Regulations Lead to More Problems?
- UT Reader Asks: Will Buyers Pay More For Old Than New?
- UT Reader Asks: Will Condo Projects Provide Discounts to Buyers Working Without Agents?
- UT Reader Asks: A Roommate or a Tenant?
What X Buys You more »
What $760,000 Buys You in Del Ray
Shilpi Paul
May 14th | 1 Comment
In What X Buys You this week, UrbanTurf takes a look at properties on the market in the $750,000 to... read »
Best New Listings more »
Best New Listings: Grassy Yard, Pointy Roof, and Windows Galore (Week of May 10th)
Shilpi Paul
May 10th
In this week's edition of Best New Listings, UrbanTurf looks at a pointy-roofed Chevy Chase... read »
- Best New Listings: Grassy Yard, Pointy Roof, and Windows Galore (Week of May 10th)
- Best New Listings: Truxton Circle, Sears Home, Eastern Market Victorian (Week of May 3rd)
- Best New Listings: A Craftsman, A Cottage and A Co-op (Week of Apr 26th)
- Best New Listings: The DMV Edition (Week of Apr 19th)
- Best New Listings: Newly Built Modern, Forest Hills Co-op and a Rare Three-Bedroom (Week of Apr 12th)
Luxury Real Estate more »
$190 Million: The Country’s Most Expensive House
UrbanTurf Staff
May 17th | 0 Comments
A $190 million estate in Connecticut hit the market on Friday, believed to be the most expensive... read »
0 Comments — Be the First!