Armed Forces Retirement Home Development Deal Terminated

Posted by nextstoprp in ANC 5A

Late post

The big development slated for the Armed Forces Retirement Home is no longer. Recall that the development team was scheduled to appear at the ANC 5A meeting in September but did not appear. According to media reports, AFRH officials stated they terminated the development agreement due to changing economic conditions. The property sits in ANC 5A05.

Media coverage: DC Urbanturf; Washington Business Journal; Bisnow

One response

  1. I read a bisnow article where they interviewed the developers and they said that they were blindsided and that the ‘economic reasons’ was just a cover story and they were told it was cancelled because of unspecified ‘internal disagreements’
    Basically from that Bisnow article it sounded like it was internal drama within the AFRH leadership

    Reply

Leave a reply to saintpetersbourg Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.