Developer on Stunted Half Street Project: “I Was Sad About It a Year Ago. I’m Over It.”
The Huffington Post Investigative Fund has just released a report on the expected crisis that will face banks in 2010 when commercial real estate developers and investors can’t pay their loans. This video focuses on Jeff Neal, formerly with Monument Realty. He’s the man behind Half Street, a development including office space, shopping, condos and a hotel that is luminously rendered on signs leading from M Street S.E. down to the Nationals Park.
What’s behind many of those signs, of course, is a cavernous hole in the ground.
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Linked From: December 28th, 2009Being a Down-and-Out Developer Surprisingly Fun and Liberating! - Housing Complex - Washington City Paper
3:14 pm[...] happened: Former co-owner of Monument Realty Jeff Neal leaves a bunch of half-finished projects around D.C.—most noticeably in the Capitol …—to take over a “failing brokerage that he closed this year.” Moving on: Still [...]
4:52 pm
Good work on the fix I commented here yesterday (”formerly” instead of your “formally”).