Documents
Attributes
Year Built | 2023 |
Asset Description
89,000 SF of land at 4th and K NW (currently known as Museum Square).
Investment Highlights
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire a 89,710 square foot mixed-use development site in the heart of Washington, DC that permits by-right, multifamily (D-4-R) development of 100% market rate density up to a 130 foot height limit (plus penthouse) at the corner of 4th and K Streets in Mount Vernon Triangle, one of the premier live-work-play environments in Washington, DC. Additionally, non-residential FAR of 3.5 is permitted after residential FAR of 4.5. The Property is currently improved with a 306-unit, 10-story apartment building that is 32.3% leased.
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