BISNOW | Buyer Of Anacostia Site Plans 36-Unit Mixed-Use Project
Photo courtesy of Google Maps
“Nonprofit Recovery Café DC acquired the property at 1337 Good Hope Road SE for $2.5M with plans to build a mixed-use project, Feldman Ruel Urban Property Advisors Managing Principal Ian Ruel tells Bisnow.
Ruel, who co-founded the brokerage firm in March with fellow Marcus & Millichap alumnus Josh Feldman, represented the seller in the deal. The property was sold by the owner of the Discount Place home goods store, which has operated on the property since 1997.
The buyer, in partnership with the Anacostia Economic Development Corp., plans to build 36 units of affordable housing, with 8K SF of ground-floor program space for Recovery Café DC.”