Park Place apartments at New Hampshire and Georgia Ave, NW
The tenants of Park Place were given notice recently that the building is for sale and we, as tenants, have first right to purchase. We are told that we have to form a tenant organization in order to make an offer. I think its fair to say that most people are not familiar with this process. I thought you might have some knowledge of this process or contacts within the DC real estate industry that can explain.”
Turns out the notice was just a formality – the building is not actually for sale it’s just one partner buying out another. And, thank the Lord, I’m told this will finally expedite filling the long vacant retail spaces. Updates as more info is known and leases are signed.