$290M development planned at long-contested Congress Heights Metro site

Written By Lindsay Church

Washington Business Journal’s Tristan Navera reports on Standard Real Estate Investment’s latest acquisition. With Trammell Crow Company and NHT Communities, Standard will acquire seven parcels and two acres of land in Washington, D.C. next to the St. Elizabeths East campus. A mixed-use development of 179 residential units (about 35% of the residences will be targeted for D.C. residents making 30-80% the area’s median income) and 240,000-SF of office space is planned at the site, totaling approximately $290 million in development. Read more here.

Lindsay Church
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