239-Unit Live/Work Loft Development in Downtown DC Put on Hold
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A new live-work concept pitched for a downtown DC office building has been put on hold.
Madison Highland Live/Work Lofts, a partnership between Wharf developer Madison Marquette and Highland Square Holdings, has withdrawn its application filed with DC to convert the 12-story office building at 700 11th Street NW (map) into a new development with 239 live/work lofts.
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"Unfortunately we have run into a capitalization challenge that has resulted in the need to withdraw the BZA application," Highland Square CEO Rob Seldin told UrbanTurf in an email.
The concept for the office building is essentially loft-style apartments that can be rented as an apartment, an office or a live/work space. The company has two similar projects in the works in Merrifield and Bailey's Crossroads.
700 11th Street NW has been vacant since last year when law firm Williams & Connolly completed its move down to The Wharf.
See other articles related to: live-work lofts
This article originally published at https://dc.urbanturf.com/articles/blog/239-unit_livework_loft_development_in_downtown_dc_put_on_hold/21732.
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