HUD approved a loan yesterday for the O Street market development. Hopefully this means construction will start soon.
CityMarket at O clears major HUD hurdle
Washington Business Journal
by Michael Neibauer
Wednesday, April 27, 2011
"Eight months after its groundbreaking, CityMarket at O is a major step closer to breaking ground.
The Department of Housing and Urban Development's central loan committee on Tuesday approved a $117 million loan for the 1 million-square-foot Roadside Development project, a transformational development in the heart of Shaw. Roadside now awaits an invitation from HUD — another step in a multi-layered, excruciatingly long process — that will spell out the terms.
"We're really happy," said Susan Linsky, Roadside's project manager. "All is good in the world in Shaw..."
http://www.bizjournals.com/washingto...ud-hurdle.html