RSS FeedMuseum Square Apartment Residents Get A Victory (401 K St NW)
The residents in the Museum Square apartment complex at the corner of 4th and K St NW got a victory recently as cataloged by this Washington Post article. A second appeal resulted in a judge throwing out Bush Companies, the owners of the building, attempts to value the apartment building at 401 K St NW at an artificially exorbitant value that would have practically excluded the tenants from making a buyout offer.
The 400 blocks of K and I Street (between 4th and 5th Street) which are pushing the eastern boundaries of neighborhood redevelopment towards North Capitol Street have seen significant change over the last 5 years with multiple new apartment buildings and street level retail opening. We always know these blocks would eventually see redevelopment and are generally happy with how the area turned out. That said, developers do need to obey the spirit of the laws on the books that structure how and when redevelopment occurs.
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