Franklin School Saved?

One of DC's most historic properties, the vacantFranklin School, is in trouble. But some of the city'sbiggest developersare stepping in tocompetetoturn things around.Yesterday, the office of Deputy Mayor for Planning and Economic Development Victor Hoskins announcedthat four groups--led by developers Abdo Development, Bundy Development Corp/Lowe Enterprises, Douglas Development, and EastBanc--have submitted responses to an RFQ to redevelop the 51k SF, almost 150-year-old property. Each developer except Douglas has teamed up with a partner (Abdo with CoStar Group, Bundy/Lowe with National Association of Multicultural Digital Engineers, and EastBanc with the Institute for Contemporary Expression and the ThinkFood Group). The deputy mayor's office says it will issue an RFP this summer, with the winner announced this fall. There's still time to swoop in and make it a school again. "Hurray!" said no student.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines