Good riddance. This is some of the most valuable property in the country. Building 35 new $2M - $3M condos here will bring the District significant new tax revenue.
EastBanc plans two new Georgetown projects
By Sarah Krouse
Friday, February 25, 2011
Washington Business Journal
"EastBanc Inc. is planning two new residential projects in Georgetown that are poised to offer the first new high-end condos after the recession.
[IMG]http://assets.bizjournals.com/washington/news/3607%20M%20St.*900.jpg[/IMG]
The Georgetown developer has the Key Bridge Exxon station at 3607 M St. NW under contract with plans to build 35 to 37 new units likely to be condominiums.
The current owner, Anacostia Realty LLC, will continue to operate the gas station on site through July 2012..."
http://www.bizjournals.com/washingto...eorgetown.html