Connecticut Ave development halted amid insolvency
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Anonymous
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Construction was halted and cranes removed at the "Loggia Townes at Uptown Plaza", the mixed-use development at the old Macklin site on Connecticut Avenue. Word is that the developer stopped paying its contractors and is insolvent. Apparently concrete shells will remain for some time while the site is shuttered.
https://www.theloggiatownes.com |
Anonymous
| oh no not the townes |
Anonymous
The vibrant mixed-use Loggia Townes at the Uptowne Piazza. Apparently the developer had more pretension than cash. |
Anonymous
Pictures of Uptowne Plaza. Where's the Loggia? https://dc.citycast.fm/3-questions/washington-dc-loggia-townes-development There's also a taller apartment building under construction on the size street, but it's just a concrete skeleton. |
Anonymous
https://www.apartments.com/loggia-townes-washington-dc/kb5emp9/ Where are the Connecticut Ave bike lanes?? |
Anonymous
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The Loggia Townes at Uptowne Plaza developer is Velocity Property Management. It seems that they've hit Negative Velocity. Or maybe it's Terminal Velocity, when something in free fall reaches maximum downward speed?
https://opencorporates.com/companies/us_md/W20154316 |
Anonymous
| Speaking of Uptowne Plaza, what is happening with the real Uptown, the iconic theater? |
Anonymous
Smoother than a fresh jar of Skippy. |
Anonymous
| Don't worry, Charles Allen and Brianne Nadeau will introduce an amendment to force the DC government to (illegally) pay 5x the value of the building to make it a voucher hotel. |
Anonymous
| why do their ads show Barcelona (on Wisconsin)? |
Anonymous
Because the developer probably isn’t that competent. Doesn’t really know the area and more significantly, it obviously ran out of money to finish the project. |
Anonymous
| Isn’t going to be easily bought by other developers and finish the work because of good location and demand? |
Anonymous
The finances may be tricky. There’s not even a shell of an apartment building and then a handful if weird “loggia townehomes” along Conn that seem to have no privacy. Pricing will be everything. |
Anonymous
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“Loggia Townes at Uptowne Plaza”
Do people actually get paid to come up pompous names like this? |
Anonymous
| What does the “middle finger” ANC have to say? |