Paradigm Buys Capitol Riverfront Development Site, Plans Residential
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The site, made up of 14 separate properties bound by New Jersey Avenue SE, 1st Street SE, K Street SE and L Street SE, sold for more than $21M.
Akridge had been planning to build a 220k SF office building there, but after failing to find an anchor tenant, decided to put the site on the market in May.
In addition to the vacant site, the block includes Eagle Academy Public Charter School on its southeast corner.