14th Street's The District Has Been Sold
UrbanTurf has learned that The District, the long-awaited 125-unit residential project at the corner of 14th and S Street NW (map), has been sold.
This morning, developers JBG announced that ownership of The District had been transferred to JP Morgan, and that the project is now under new management.
As anyone who has walked down the 14th Street Corridor recently has noticed, the construction of the development is almost done. We reported late last year that leasing was estimated to begin in January. It is unclear how exactly the sale will impact the plans, but JBG has affirmed that leasing will begin soon.
The project, which was originally planned as condos, is mainly filled with smaller units: 85 percent are studios and one-bedrooms, and the remaining 15 percent are two-bedrooms. The young-adult leaning complex will have an extensive rooftop terrace with a fire pit, a bar and lounge chairs.
Doi Moi, a restaurant from the team behind Proof and Estadio, and an outpost of Capitol Hill’s Ted’s Bulletin will open up on the ground floor.
UrbanTurf has reached out to JBG and will report on any further details as we receive them. (The project’s website dcdistrict.com appears to be down at the moment, perhaps due to the change in ownership. We’ll watch that as well for any additional information.)
See other articles related to: 14th street, 14th street corridor, dclofts, jbg, the district
This article originally published at https://dc.urbanturf.com/articles/blog/14th_streets_the_district_has_been_sold/6816.
Most Popular... This Week • Last 30 Days • Ever
A Cathedral Heights condominium—located on Cathedral Avenue—with outstanding buil... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
- Two Bedrooms with Two Balconies on the Market in Amenity-Packed Cathedral Heights Condominium
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro