Ground broke this week on the West End redevelopment in Washington, DC, a project that will bring a 21,000-square-foot library and 7,300 square feet of retail topped by 164 market-rate units and a new fire station. EastBanc Inc., a real estate redevelopment company headquartered in the historic Georgetown Post Office it purchased this fall, was selected to develop the space in March 2010. West End Residential LLC, a JV led by EastBanc, is developing the project with the District in a a public-private partnership.
"This really has been a long time coming," said Mayor Vincent Gray, during what will likely be the last major groundbreaking of his only term. "It shows that perseverance does indeed pay off."
"The West End, when we started, was a bunch of parking lots that Oliver Carr didn't get to," said EastBanc President Anthony Lanier. "We wrapped it up." This latest project "finishes off" the neighborhood between Georgetown and Dupont Circle, he added.
The $150 million West End project, encompassing a square West End block for Squares 37 and 50, 2301 L Street NW, anticipates a ribbon-cutting in 2017. The West End team, EastBanc-W.D.C. Partners LLC, includes EastBanc, The Warrenton Group, Dantes Partners, L. S. Caldwell & Associates and The JBG Companies (as an equity partner). The two buildings were designed by TEN Arquitectos.
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