The Washington Business Journal reported on the Parkside redevelopment project in D.C., which covers 26 acres and 3.1 million square feet, noting a shift to focus more heavily on residential development due to challenges in attracting office tenants. The Zoning Commission is currently reviewing a proposal to convert an office site back to residential use, while City Interests Development Partners are targeting neighborhood-serving retail tenants and engaging with the community despite differing opinions from stakeholders. Managing partner Peter Farrell commented that “We’ve amended it many times through the process…Life changes and conditions change…It’s fabulous.”
Global Holdings Rebrands Gramercy Park Rentals as Anagram Luxury Umbrella
Global Holdings has recently announced the rebranding of their Gramercy Park rental building, located at 51 Irving Pl., to Anagram