Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 at the earliest, if ever.

What? 2018 approved or concluded?

The question asked when the project would be approved. Given that there are now two-year leases on the site, 2016 + 2 = 2018. That would be the earliest the project would receive approval and GDS could break ground.

Ok, thanks!

Clearly GDS has not only the Team of Aces but math whizzes, too!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 at the earliest, if ever.

What? 2018 approved or concluded?

The question asked when the project would be approved. Given that there are now two-year leases on the site, 2016 + 2 = 2018. That would be the earliest the project would receive approval and GDS could break ground.

Ok, thanks!

Everyone knows that the vaunted GDS Team of Aces are the smartest guys in the room.

Imagine that, there are no ways to make money except to buy a property across the street and do a PUD with it. No doubt this poster went to GDS. She knows what Harvard, Yale, Sidwell, St. Albans, etc don't know: there are no investments available to educational institutions except for development of property next door.

Anonymous wrote:No PUD, no new campus.

Not sure what math or finance you are considering.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 at the earliest, if ever.

What? 2018 approved or concluded?

The question asked when the project would be approved. Given that there are now two-year leases on the site, 2016 + 2 = 2018. That would be the earliest the project would receive approval and GDS could break ground.

The PUD can move forward and be approved during the lease. Once zoning relief is granted, there's a permitting process. Even without the lease, it's likely be 2018 before groundbreaking. And that's not inconsistent with a 2020 completion date.

PP is right that school could be rebuilt before the commercial project is developed. Wouldn't surprise me if GDS ends up selling the Wisconsin Ave property to a developer post-PUD (thereby losing any future revenue stream) just to pay off some of the debt associated with land assembly and/or to fund school construction. I guess a sale/leaseback deal for the L/MS might be another option. I just don't see the school attracting $60-80 million in donations to rebuild its facilities any time soon.

No PUD, no new campus.

Not sure what math or finance you are considering.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 at the earliest, if ever.

What? 2018 approved or concluded?

The question asked when the project would be approved. Given that there are now two-year leases on the site, 2016 + 2 = 2018. That would be the earliest the project would receive approval and GDS could break ground.

My understanding is that the want to complete the school/Safeway portion before breaking ground on the retail.

And this would be paid for with what dollars without the PUD?

They'll raise the money for the campus. The PUD is a gravy stream of income for the schools and a way to show appreciation of the "Team of Aces" and the crony developers on the board.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 at the earliest, if ever.

What? 2018 approved or concluded?

The question asked when the project would be approved. Given that there are now two-year leases on the site, 2016 + 2 = 2018. That would be the earliest the project would receive approval and GDS could break ground.

My understanding is that the want to complete the school/Safeway portion before breaking ground on the retail.

And this would be paid for with what dollars without the PUD?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 at the earliest, if ever.

What? 2018 approved or concluded?

The question asked when the project would be approved. Given that there are now two-year leases on the site, 2016 + 2 = 2018. That would be the earliest the project would receive approval and GDS could break ground.

My understanding is that the want to complete the school/Safeway portion before breaking ground on the retail.

The PUD is in trouble. The neighborhood hates it, and DDOT is hostile.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:2018 at the earliest, if ever.

What? 2018 approved or concluded?

The question asked when the project would be approved. Given that there are now two-year leases on the site, 2016 + 2 = 2018. That would be the earliest the project would receive approval and GDS could break ground.

My understanding is that the want to complete the school/Safeway portion before breaking ground on the retail.

Anonymous wrote:

Anonymous wrote:2018 at the earliest, if ever.

What? 2018 approved or concluded?

The question asked when the project would be approved. Given that there are now two-year leases on the site, 2016 + 2 = 2018. That would be the earliest the project would receive approval and GDS could break ground.

Anonymous wrote:JBG is/was? GDS's crony developer for the Wisconsin Ave site. Their Marriott Wardman project has been in the pipeline for 10+ years.

JBG's owners are among the vaunted GDS "Team of Aces."

JBG is/was? GDS's crony developer for the Wisconsin Ave site. Their Marriott Wardman project has been in the pipeline for 10+ years.

Anonymous wrote:2018 at the earliest, if ever.

What? 2018 approved or concluded?

The NW Current reports that JBG will redevelop the Marriott Wardman Park on Conn. Ave. into two residential towers, one of which will begin construction relatively soon. The market appears to be drawing conforming projects. GDS made a big bet by taking the time to propose a non-conforming project.