Jair Lynch Purchases 501 H Street
The plot thickens as Jair Lynch, who already owns the south side of the 600 block of H Street, has now acquired 501 H Street. As noted in the tweet below, 501 H Street is the headquarters of the H Street Community Development Corporation ("H Street CDC").
News from Jair Lynch tonight that they've purchased 501 H NE (current HSCDC HQ) for new mixed-use building.
— Tony T Goodman (@TonyTGoodman) September 14, 2012
Back in March Housing Complex discussed possible plans by the H Street CDC to expand its squat one story headquarters to a much grander five story 29,440 sqft structure with affordable housing (rendering accompanies the article).
posted by inked at 8:49 AM
3 Comments:
What plot just thickened? Not being snarky -- I just don't understand. Is there a backstory here to which this applies?
Sep 14, 2012, 12:01:00 PM
i think Inked was just making a joke. jair lynch owns an even bigger chuck of h street now now. so in turn, the plot thickens, and he is an even bigger swagger jacker than he was before.
Sep 14, 2012, 12:42:00 PM
Yeah, that was just my way of saying things were getting more interesting. We've introduced a new character to the redevelopment story of 501 H Street. This change in ownership could speed up development of that parcel, and it absolutely gives Jair Lynch a bigger share on H Street generally(increasing the developer's sway there as well).
Sep 14, 2012, 1:46:00 PM
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