Looks like JGB, the new powerhouse developer of U Street, is moving forward on the proposed hotel at 13th and U Streets, NW. Now the site of the Rite Aid and other retail, those tenants were told they could not renew their leases beyond June 2012, according to the Washington Blade.
JGB has recently aquired many parcels of land in the U Street area, including Atlantic Plumbing, as well as 14th and S Streets, NW, and it looks like they may end up with the WMATA parcels at 8th and Florida (they outbidded the other two projects by $6M).
JBG is looking to build a 239 guest room, four star boutique hotel (my guess is a Kimpton), 4,500 square feet of meeting space, and 25,000 feet of retail space.
Although residents have expressed concern about the proposed building height (103 feet high), this would bring more daytime foot traffic to U Street, which is sorely needed in order for the businesses to continue to flourish. Also, the added tourists and business travelers would continue to inject money into the local economy.
As expressed above, I think we might end up with a Kimpton since this boutique chain gravitates towards trendy locations. For more information, check out the U Street Neighborhood Association’s story on this development.
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