Jair Lynch's plan to convert Van Ness hotel to affordable housing appears dead

Washington Business Journal receives a lot of real estate transactions. While we can't tell all of them, some are worthy to be included in our stories. D.C. developer stated earlier this year that it had a contract for the purchase of the Days Inn at 4400 Connecticut Ave. NW. Ruth Hoang, its senior vice-president of development, informed Advisory Neighborhood Commission 3F in October that the company's plan was to redevelop both the hotel and the surrounding lots into affordable multifamily housing and ground-floor retail. CBRE was marketing the property to sell or redevelop it. According to the D.C. Office of Tax and Revenue it has an estimated value of $12.9million and is owned and managed by a limited partnership. According to the D.C., the site was originally built as a hotel under a 1985 franchise agreement. In 2020, the 404,000-square foot building at 2000 Pennsylvania Ave. NW was renovated for $48 million. This included a penthouse on the roof, a conference center, and a fitness center. The university signed a long-term lease for the building in 2018 and several law firms including Van Ness Feldman LLP are its tenants. The new warehouse, which will cover 76.6 acres at 1486 Millwood Pike, will measure 1,024,000 sq. ft. It will be the first of six to seven industrial buildings that will be built in One Logistics Park near Interstate 81. This park was home to 280 acres of land last year. This massive development will have 100 dock doors, 770 parking spots, 40-foot ceilings, and a 190-foot truck Court. These features are popular with large-scale warehouse owners. Meridian Group targeted this site due to its location along U.S. Route 50, and connection to I-66 and I-81. The company plans to eventually build up to 2.7million square feet of industrial space.