Thursday, February 23, 2012

Property Group is Planning to Develop 2.2 million sf of Mixed-Use Space

Property Group is planning to develop 2.2 million square feet of mixed-use space

After years of battles, Washington may finally realize a decades-old desire to rejoin two downtown neighborhoods with a $1.3 billion project on a platform over a stretch of Interstate 395.

City officials say they hope to close in the next 60 days on the sale of six embattled acres of land and air rights to Property Group Partners, a developer that owns or manages about three million square feet of office buildings, mostly in Washington. Property Group is planning to develop 2.2 million square feet of mixed-use space, mostly office with some retail and housing.


http://online.wsj.com/article

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