Thursday, February 24, 2011

New mixed-use development coming to 7th and H streets (finally)

Since the CVS closed (ok since before the CVS closed) at 7th and H Streets, that corner has been a little empty.  Across from the AT&T mega-screens and the activity of Gallery Place has been an unsightly piece of property in our neighborhood's busiest and most defining intersection.

But today Douglas Development and McCaffery Interests, a Chicago-based development company, have teamed up to bring new development to the corner.

The new development will transform this corner into a brand new mixed-use building. 

Few details beyond the fact that the building has been bought by the joint venture and that a mixed-use building is planned.  What uses they will mix is a good question - will there be residences or commercial space on top?  both? a hotel?  Time will tell and Penn Quarter Insider will stay on top of the details.

The two companies seem to be very mindful of the unique nature of our neighborhood, especially at this entrance to Chinatown.

"We have a long and successful record of working within the neighborhood," said Norman Jemal of Douglas Development Corporation, "our team will ensure a development of the highest quality and one that is additive to the history and to the future of the area."

"Together we will strive to do a development that will enhance the intersection and enrich the wonderful ethnic diversity that now exists," added Juan Cameron, the Managing Director of McCaffery Interests.

This certainly seems like good news - let's hope they build quickly!

Update: We hear from McCaffery Interests that they are hoping for a single retailer at the corner, but if they don't get it, then the upper part of the building will likely be office space, and not residential.

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