Will Foreign Investors Save the Franklin School?

As Mayor Muriel Bowser continues to seek a new development team for the Franklin School, The District will include the 925 13th St. NW building in a five-hour bus tour for foreign investors to see if it can drum up some interest. The tour includes Qatari-funded CityCenterDC and the Canadian-funded Wharf as examples of the potential of foreign-funded development. Now the Franklin School will be proposed as an example of what could be, reports the Washington Business Journal. The vacant, Adolf Cluss-designed national landmark was opened in 1869, and has been home to DC’s Public School administration, Alexander Graham Bell’s “photophone” tests, and a homeless shelter. The deadline for proposals has been extended to May 4. [WBJ]

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

Lawmakers Punt On Stripping Approvals From 15 Projects In Data Center Alley

Delaware Statutory Trust Fundraising Jumps 27% From 2025

Affinius Relinquishes Big Office Building Next To Capital One Arena

CRE Finance Sentiment Index Falls To 3-Year Low As Economic Fears Mount

RN3 Enters Dutch Logistics Market With DHL Sale-Leaseback Deal

One Thomas Circle, The Elevated Workplace For The Way D.C. Works

DCHA Taps Executive Director: The D.C. Deal Sheet

The Multifamily Boom Is Putting HVAC Decisions Back In The Spotlight

KKR's Chris Lee On Finding Opportunities As CRE Begins A 'Regime Change'

Gould Starts $25M East End Office Renovation, Seeks Tenants For Top Floors

Elme Finishes Liquidating With 3 D.C.-Area Sales

CoreCivic Gets Third Leader In A Year After CEO Resigns