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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think that is by abandoning developing the Martens site nd just building on the Safeway portion.

That will be a huge cash albatross for the school until they can dispose of Martens.[/quote]

I heard they are on track to campus unification by 2020, by using the Safeway site as planned.

My guess (and purely a guess, since just an interested neighbor) is that GDS will flip the Martens property. Real estate prices continue to climb, and maybe they will end up at least even, if not ahead.

I'm truly scared though of what a new developer will do with the Martens property. I'm guessing we will all rue the day when we pushed back against GDS developing it. If it just goes to the highest bidder, God only knows what monstrosity we'll have on Wisconsin Avenue.[/quote]

I agree that there likely will be development there, but am less concerned about someone other than GDS.  The whole premise (and presumably, value) for GDS and its unnamed partner was to have common ownership of the Safeway and Martens site under GDS.  That way, the zoning lawyers argued, the Martens site could 'borrow' unused density from the Safeway site, resulting in a taller, denser development than what existing zoning allows.  Once GDS had its approvals in hand for the Martens site, then it would be free to flip the property to its silent developer partner waiting behind the curtain (assumed to be JBG, whose principals include current or former GDS board members).  GDS seems to have run into more roadblocks than it anticipated.  A new developer could still seek a PUD, but 'borrowing density' probably would be an unavailable strategy for big and tall.[/quote]

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