A Washington, D.C. entertainment district was meant to follow the construction of a baseball stadium, but, for now, the area is victim to overly ambitious plans to develop as quickly as possible.
"At developer JPI's apartment project, called Capitol Yards, about half of the nearly 700 apartments are leased. For the past four months, the developer offered two to three months of free rent on the units, which start at roughly $1,600 for a one-bedroom.
Then there's the ballpark district's signature development: Monument Realty's $350 million Half Street project, which was supposed to feature offices, a hotel, residential towers and shops directly above the Metro station closest to the ballpark. There's a 35-foot hole where the two residential towers and the hotel are supposed to go. Although the office building is finished, the parent company of one of Monument's financial backers, Lehman Brothers, is bankrupt.
Monument executives said that the project isn't dead, and that they are trying to get construction financing for the deal."
FULL STORY: At Nationals Park, District of Dreams Hits a Slump

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

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Ohio Forces Data Centers to Prepay for Power
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MARTA CEO Steps Down Amid Citizenship Concerns
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Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
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