310-Unit Development Pitched In Friendship Heights Will Be Delayed
✉️ Want to forward this article? Click here.
A large mixed-use development planned for the middle of Friendship Heights will be delayed.
Federal Realty has filed an application with DC's Zoning Commission seeking a two-year extension of the approval for Friendship Center, a 310-unit development at 5333 Wisconsin Avenue NW (map), formerly home to Maggiano's, Marshalls and Nordstrom Rack.
"The Applicant requires additional time to continue moving the Project forward and obtain construction financing due to the ongoing economic and market conditions impacting commercial real estate development in the District — specifically, the current interest rate environment and sustained elevated construction costs," the application stated. "The Applicant remains dedicated to delivering the Project and related public benefits, but additional time is necessary to allow market conditions to improve so that the Project can be realized."
Plans approved by the Zoning Commission in 2023 call for a 310-unit residential development above 12,000 square feet of retail. Designed by Shalom Baranes and landscape architect Gustafson Guthrie Nichol, the building is expected to employ biophilic design principles like greening on balconies. Fifteen percent of the residential space will be affordable to households earning up to 60% of median family income.
See other articles related to: friendship heights, friendship heights development
This article originally published at https://dc.urbanturf.com/articles/blog/310-unit_development_pitched_in_friendship_heights_will_be_delayed/24170.
Most Popular... This Week • Last 30 Days • Ever

Taicoon Property Partners will take its plans for a seven-story, 88-unit luxury condo... read »

While condo fees are often predictable, there are instances when they may need to be ... read »

The classic Federal-style home recently underwent a dazzling, $2M renovation and boas... read »

Even with a handful of projects being nixed over the last year, there are still a num... read »

One of the most ambitious federal housing proposals in years is moving through the le... read »
- Plans For One Of Northern Virginia's Largest Condo Projects Move Forward
- How Do Condo Buildings Determine When Condo Fees Need to Be Increased
- A Pool, Elevator and Glass Roof: Luxuriously Renovated Georgetown Home Hits the Market
- The 6 Big Residential Projects In The Works Around National Landing
- What Is In The Big New Housing Bill?
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










