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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 space.at 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 bizjournals.com.

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.

http://dc.citybizlist.com/article/rock-creek-cornerstone-jv-working-h-st-mixed-use-project