What's Hot: The 4 Projects in the Works (Or on Hold) Near DC's Starburst Intersection | This Week's Find: Fit For Art in the Palisades
JBG Smith Acquires McDonalds Parcel Along New York Avenue for $17.4 Million
JBG Smith continues to make Northeast DC a part of its long-term plans in the city.
The firm acquired 75 New York Avenue NE for $17.4 million last week, JBG Smith representatives told UrbanTurf. (JBG Smith disputes the $30 million price listed in city records.) The site is currently home to a McDonalds restaurant.
"We have had an option on the site for many years, and decided to exercise that option," JBG Smith principal Andy Van Horn told UrbanTurf late last week.
story continues belowloading...
story continues above
There are no plans for the site at the moment, but Van Horn said that they will get to work on concepts in the near future. McDonalds has a flexible lease on the site.
The acquisition of 75 New York Avenue NE adds to JBG Smith's presence in this section of DC. The developer has previously proposed an office building for the adjacent site at 1300 First Street NE, and across N Street, the firm and Brandywine Realty Trust are at work on Lacebark Alley, a project that includes two office buildings and a 208-unit residential building.
This article originally published at https://dc.urbanturf.com/articles/blog/jbg-smith-acquires-mcdonalds-parcel-along-new-york-avenue-for-174-million/13807.
Most Popular... This Week • Last 30 Days • Ever
Our guide for amateur landlords who don't really know what they're doing.... read »
The Massachusetts Avenue Heights home was previously owned by the former chief execut... read »
A large new apartment and townhouse project has been pitched for the growing pipeline... read »
On Friday, Mayor Muriel Bowser and the Office of the Deputy Mayor for Planning and Ec... read »
In this week's Under Contract, we highlight two homes that found buyers just shortly ... read »
Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »
The residential projects that have sprouted up on the Maryland and DC sides of the Fr... read »
The immaculately kept 100-year-old house features six bedrooms and four-and-a-half ba... read »
Ten years later, plans to construct nearly 150 townhomes at DC's most hotly debated d... read »
A look at the larger residential developments in the works from Cardozo to Mount Vern... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
- The Essential Guide to Being an Amateur Landlord in DC
- Washington Spirit Owner Michele Kang Lists DC Home for $14.5 Million
- A Two-Phase, 370-Unit Development Pitched For Columbia Pike Gas Station Site
- Apartments, A Plaza + Dave Chapelle: The Future Plans for 14th and U
- Under Contract: That Didn't Take Long
- First-Timer Primer: Virginia's Home Buyer Assistance Programs
- Mall Conversions, Trader Joes? The 1,500 Units in the Friendship Heights Pipeline
- Now Selling: A 16th Street Heights Victorian on an Island of Its Own
- Reservoir District: 146 Townhomes Planned at McMillan Site Look For Final Design Approval
- The 9 Developments and 1,250 Units in the Works For Shaw
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. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro