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Willco's New York State of Mind

Washington DC
Willco's New York State of Mind

Willco

According to Willco Companies CEO Jason Goldblatt, the New York Ave NE corridor is on the rise. And his firm purchased a 3.1-acre site at 1345 New York Ave for $8M from Greyhound. The site, which has built-in income from a lease to the District until 2018 (it parks school buses there), lies a few doors down from Douglas Development's Hecht's warehouse as well as Gallaudet University. Jason says the best future is likely mixed-use (it's already approved for 545k SF of commercial space) since the neighborhood is "underrepresented" from a retail and multifamily perspective. Looking at this photo makes us think "giant ice rink" could also be a good use. CBRE's Mark Malus represented Greyhound in the deal.