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Mayor Gray Announces Selection of Team To Redevelop Land Parcel at 5th and I Streets NW

Date Released: 
Fri, 05/09/2014

Mayor Gray Announces Selection of Team To Redevelop Land Parcel at 5th and I Streets NW

(WASHINGTON, D.C.) – Mayor Vincent C. Gray today announced the selection of the team of Peebles Corporation and Walker Group to redevelop the land parcel located at the intersection of 5th Street and I Street NW in Ward 6.  Peebles Corporation and Walker Group were chosen as the team’s Best and Final Offer (BAFO) provided the highest monetary value for the land and the most affordable housing units. The proposal also includes a hotel.

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