Tuesday, September 11, 2007

Shaw: The New Entertainment Hub for DC?


Broadcast Center One

In a publication released by Express Newspaper, word has it that the Shaw area, right near the Howard Theater, may be in talks to be the cities newest entertainment area, complete with window front news broadcasting, radio broadcasting and theatrical performances. So where does all this land needed come from...who else but Douglas Jemal, owner of the vacant Wonderbread Factory at the intersection of 7th & S St NW. According to the Washington Post writer, Dana Hedgpath, a renowned local developer, Chip Ellis, wants to revitalize an area know for "black culture and commerce."


The Facts:
Purchase Price of Building.......$21,400,000
Development Cost....................$100,000,000
Office Space...............................100,000 sq ft
Retail Space...............................23,000 sq ft
Condominiums..........................182 units
Lot Size (Just Factory)............(.51) acres
Current Total Tax Bill...............$73,098
Estimated Completion Date....Late 2010

Dana's Article can be found here.
The Express Article can be found here.

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2 comments:

Anonymous said...

This is old news. Do you have anything more recent related to Shaw?

Jesse Kaye said...

Unfortunately there dont seem to be any large development initiatives right now...other than the Howard theater restoration which happens to be coinciding with the Wonderbread factory project. The only other significant development I know of is the possible acquisition of 440 Rhode Island Ave NW. Its a KTRE listing and we may just have an in house developer purchasing & developing the lot & going GREEN. If anything else should come up I'll definitely put it up on here but if you happen to hear anything I would love the input.