JBG Smith pitches plan for another huge residential project near Union Market
By Tristan Navera
July 25, 2022
Washington Business Journal
“JBG Smith Properties Co. is looking to build one of the largest developments yet near Union Market.
Last week, JBG Smith (NYSE: JBGS) filed for a second-stage planned unit development at 1331 Fifth St. NE, immediately north of the main Union Market building on land owned by Gallaudet University. Its plan for the 1.8-acre site includes 647 multifamily units and 33,500 square feet of ground-floor retail, with a 345-space underground garage.
JBG Smith said in filings that 10% of units would be reserved for below-market housing, most for households earning less than 50% of median family income and the rest for 80% MFI households. At 615,700 square feet, the new development would slightly smaller than the one previously approved for the site and would have 50 fewer parking spaces. The land is now used for parking and construction staging...”
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