200-Unit Rental Project Planned For Vacant Howard University Dorm on 16th Street
✉️ Want to forward this article? Click here.
2601 16th Street NW
Howard University’s Meridian Hill Hall was once prime real estate for undergrads looking to experience DC beyond Georgia Avenue. Now, the vacant dormitory at 2601 16th Street NW (map) will be redeveloped into prime real estate for DC renters.
Jair Lynch Real Estate Partners has entered into a 99-year ground lease with Howard University, and plans to turn the building into 200 rental units. The development team also includes MacFarlane Partners.
story continues below
loading...story continues above
Jair Lynch competed to secure development rights to the property in September 2015; the deal became official in December. The eight-story building was originally erected in 1942 as a government-owned and -operated hotel to house young women who had travelled to work for the government during World War II. Howard University operated the property as a dormitory until 2013.
“Howard University owns assets that are underutilized or not being used at all, as was the case with Meridian Hill Hall, our University will be far better served by eliminating the maintenance costs associated with them and deriving significant financial benefits that can be reinvested back into the University and operations,” Anthony Freeman, vice president of real estate for Howard, said in a press release.
This article originally published at https://dc.urbanturf.com/articles/blog/meridian_hill_redevelopment_in_motion/10832.
Most Popular... This Week • Last 30 Days • Ever
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
Forest Hills Connection is reporting that the owner of the Days Inn along Connecticut... read »
This week’s Best New Listings includes a bi-level condo north of Adams Morgan's mai... read »
On Monday, the listing price for the 30,000 square foot home that was originally buil... read »
DC's Historic Preservation Review Board looks poised to approve changes for one of th... read »
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- A Plan For More Development In Van Ness?
- Best New Listings: Windows Galore on Biltmore; One Up, One Down on Swann
- The Price For Dan Snyder's Former Potomac Home Drops By $5 Million
- HPO Recommends Approval For Changes To 280-Unit Building At DC's Reservoir District
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