UIP Hires Former Sigal Construction President To Lead Its Construction Arm
Gerard Heiber is leaving Signal Construction Corp. to become president of UIP General Contracting.
Gerard Heiber is leaving Signal Construction Corp. to become president of UIP General Contracting.
Urban Investment Partners, Kadida Development and Alliance Development plan to break ground early next year on a 99-unit NoMa condo project.
Urban Investment Partners had hoped to break ground in July and thinks the appeal could delay the project by at least a full year.
Urban Investment Partners plans to break ground in the coming weeks on a 315-unit project next to Capitol Park Tower in Southwest D.C.
UIP was selected by tenants to buy apartment buildings on Georgia Avenue and Colorado Avenue through D.C.'s Tenant Opportunity to Purchase Act.
Edge Commercial and Perdomo National Wrecking Co. filed suits against UIP, which has moved to dismiss the former and filed a countersuit against the latter.
Maj Construction claims UIP failed to pay it after hiring the subcontractor for a D.C. project, the third breach of contract suit UIP has faced in two years.
The 300-unit building is located next to Metropolitan Park, and it will undergo renovations to bring in new street-level retail space.
The project has increased in size since it was first proposed in 2017.
The developer and its partners fell behind on a roughly $40M loan tied to the property.
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