Plan Would Transform Warehouse District
WASHINGTON – Wednesday December 20, 2006 6:05 am
The D.C. Council has endorsed a plan that could lead to major changes in a warehouse district located near Gallaudet University.
A property owner with no major development experience has proposed turning the Capital City Market site into a 24-acre complex of new condominiums, restaurants and a hotel near a much smaller warehouse district.
The Washington Post reports that Sang Oh Choi has proposed the more than $1 billion project for the site located between New York and Florida Avenues in Northeast.
The site is located near the New York Avenue Metrorail station. Several big projects, including the new headquarters of the Bureau of Alcohol, Tobacco, Firearms and Explosives are located nearby.
The city legislation requires at least 50 percent of the property owners to sign off on the plan before it can move forward.