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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The Aces advised GDS but never committed to the project.  Meanwhile JBG's governance structure and portfolio has changed dramatically, [b]the development pipeline for multifamily[/b] in upper NW is threatening to glut the market before GDS gets zoning approval, and Sidwell will not only consolidate before GDS but will do so on a much larger campus than GDS's and with room for growth.

So every assumption GDS made has proven wrong -- no partner, no scarcity of new multifamily units, and no comparative advantage over Sidwell.  [/quote]

Glut? I think you know not the meaning of the word. There is huge demand for multifamily housing in upper NW. The 5333 CT Ave is mostly leased, well ahead of schedule, and every other residential building is fully rented or sold, except for a couple of the flip condos near Nebraska and Conn. Aves.

You could line Wisconsin Avenue with 10 story buildings from Glover Park to Western Ave and they would all rent out.[/quote]

Or we can continue to line the street with single story Chik Fil A's and then blame Wilson kids for how crappy our neighborhood looks with our lineup of franchises. [/quote]

The upscale shops at The Spanish Steps at GDS Harvard Square will be yuge and amazing, believe me![/quote]

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