Prologis Inc. has recently acquired a significant portion of the decommissioned Benning Road power plant in Northeast D.C., according to a report by the Washington Business Journal. The 10-acre parcel, purchased for $10.25 million, is zoned for high-density commercial and industrial use and marks an important development for Prologis.
Both Pepco and Prologis have confirmed the sale but have not yet revealed their plans for development on the site. However, it should be noted that this location has a history of environmental concerns related to PCBs, which led to substantial cleanup agreements between Pepco and the District – making it one of D.C.’s most notable environmental settlements.
While this property holds potential as an industrial space, there are challenges such as poor connectivity with surrounding communities like Parkside that need to be addressed first. In 2016, an Urban Land Institute panel proposed various redevelopment options including transforming it into a hub for light industrial incubation or “maker spaces,” creating facilities for solid waste management or reimagining it as an innovation district focused on testing new energy technologies.
The post about Pepco’s former Benning Road power plant highlights its recent sale without mentioning any specific organizations involved in Connect CRE’s coverage area.
