Posts Tagged ‘Howard University’

If Everyone Wants Howard Town Center, Why’s It on Hold?

The biggest development project on Lower Georgia Avenue has taken a bitter turn, with Howard University terminating the development agreement and the developer suing in response. But when you ask both sides what they want to see in the Howard Town Center—a 445-apartment complex with retail including a grocery store, developed by a partnership of [...]

Howard Town Center Developer Sues University Over Project Termination

The developer behind Howard Town Center  sued Howard University yesterday for alleged wrongful termination of the agreement between the two parties to carry out the Georgia Avenue NW mixed-use development.
The lawsuit from Howard Town Center Developer, LLC, led by the Rockville-based Cohen Companies, alleges that Howard canceled the agreement without proper notification, as laid out [...]

With Deal Dead, What Happens to Howard Town Center Tax Break?

I reported yesterday that Howard University has terminated its agreement with the developer of the planned Howard Town Center, a big mixed-use project on Georgia Avenue with 445 apartments and a grocery store. It's still unclear exactly what led to the termination—a Howard spokeswoman said the developer, the Cohen Companies, "failed to meet certain benchmarks" but [...]

Howard, Cohen Cancel Agreement for Howard Town Center Development

Howard University and its development partner have canceled their agreement to build a large mixed-use development on Georgia Avenue near the Howard campus.
The D.C. Historic Preservation Office's Steve Callcott confirms that his office received notice yesterday that Howard has terminated its development agreement with the Cohen Companies, the developer on the Howard Town Center project. The [...]

Howard University Board Chairman Denies Financial Straits

Howard University Board of Trustees Chairman Addison Barry Rand insists that Howard "remains academically, financially and operationally strong," contradicting a letter from a vice chairwoman of the board alleging that the university is in dire financial straits and "genuine trouble."
"As many of you are aware, recent news media coverage has publicized a letter sent by the [...]

Is Howard University in Critical Condition?

In April, I reported on an internal Howard University staff memo from President Sidney Ribeau announcing that the university would be making cuts to address a "significant budget challenge." The memo cited "a significant decrease in student enrollment in the fall semester, along with other revenue shortfalls and an anticipated reduction in Howard's federal appropriation due to sequestration," [...]

Facing a Budget Crunch, Howard Makes Cuts

Howard University may be building two big new dorms at a cost of $107 million, but don't take that to mean that the school is flush with cash.
According to an internal Howard staff memo from Jan. 31, the university is making a few cuts to help tackle a "significant budget challenge." The memo, signed by [...]

Howard Will Build Two Big Dorms on 4th Street NW

For our Education Issue last month, I wrote about Howard University's dilemma as it finds itself sitting on valuable vacant lots: take them to the bank by allowing private, profitable development there, or convert them into much-needed student housing or other facilities that don't make money but do improve campus life?
Today, Howard announced a big [...]

With Property Windfall, Howard Strikes a Balance

This week, Washington City Paper brings you the Education Issue. The whole thing's a good read: Check out Will Sommer on George Washington University's year in exile from the U.S. News and World Report rankings and Ben Freed on the University of the District of Columbia's mortuary school. But if you're hankering for a real estate [...]

City Opens Valuable Florida Avenue NW Parcel to Development Proposals

It may not look like much, but this is one of D.C.'s most valuable pieces of vacant land, and it's up for grabs.
This morning, officials from the office of the Deputy Mayor for Planning and Economic Development held a so-called preresponse conference on the vacant city-owned parcel at 965 Florida Ave. NW, a block north [...]