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Monday, June 9, 2014

Rock Creek, Cornerstone JV Working on H st Mixed-Used Project

A joint venture between Cornerstone Development Group and Rock Creek Property Group is planning a 30-plus unit condominium project with 6,000 square feet of ground-floor retail 646-654 H Street, NE, a development site currently consisting of approximately 7,000 square feet of land and 8,000 square feet of commercial properties in five separate structures, according to

The JV paid Pilgrim Baptist Church $4.525 million for the properties in a deal that closed last Tuesday. The site is adjacent to the 400-unit apartment project anchored by Whole Foods Market planned by Insight Property Group.