Robert H. Smith School of Business
The Motley Fool

Market Foolery Featured Podcasts

  • MarketFoolery: 10.16.2014
    Netflix, eBay and Mattel all fall in the wake of their latest earnings reports.
  • MarketFoolery 10.15.2014
    Intel reports its highest quarterly revenue ever and shares still fall.  Macy’s makes the first move on Black Friday sales.  Plus we analyze the pros and cons of animated holiday TV specials.
  • MarketFoolery: 10.14.2014
    Johnson & Johnson and Domino’s Pizza both reported better-than-expected 3rd-quarter results, but only one stock is hitting a new all-time high.  Plus we discuss the outlook for housing-related stocks, the Berkshire Hathaway brand name, and Zillow’s TV ads.
Capital Business
Posted at 03:05 PM ET, 06/19/2012

Video: Hine Jr. High School developers make their pitch

A development team selected by the District to redevelop the former Hine Jr. High School on Capitol Hill is locked in a thorny battle over zoning approval for their plans.

The team, led by Georgetown’s EastBanc and Capitol Hill’s Stanton Development, has proposed a mix of offices, housing and shopping that they say would take advantage of a site that is across the street from a Metro Station and next door to Eastern Market, the city’s most popular outdoor marketplace.

To learn more about their proposal, watch the above video featuring EastBanc’s Joe Sternlieb, who is managing the project.

The plans, which the developers posted online, include some novel ideas, such as reopening C Street Southeast to reconnect Seventh and Eighth streets with a passageway that would be open to cars on weekdays but reserved for pedestrian traffic and outdoor market vendors on weekends.

The economy has not been particularly kind to the project thus far, with both the Shakespeare Theatre Co. and the non-profit International Relief and Development canceling plans to occupy space there.

The developers have also run into opposition from some neighbors who, despite the site’s access to public transit, would like to see the developers reduce the project’s height, something the team has already done twice. Some neighbors of the project have posted signs urging Council member Tommy Wells (D-Ward 6) to call for a smaller project.

The developers went before the D.C. Zoning Commission June 14 (a hearing that lasted until almost midnight) and expect to return at least once more. Video of the initial hearing is online here.

Follow Jonathan O’Connell on Twitter: @oconnellpostbiz

By  |  03:05 PM ET, 06/19/2012

Tags:  Hine Jr. High, Stanton, EastBanc, Capitol Hill, commercial real estate

 
Read what others are saying
     

    © 2011 The Washington Post Company