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Plans to redevelop the former Dancing Crab site in Tenleytown appear to be dead.
The development site at at 4615 Wisconsin Avenue NW (map) was listed for sale with Marcus & Millichap on Friday. Plans have been on the boards since 2017 to deliver a seven-story project with 41 apartments at the address. A planned unit development (PUD) was approved by the DC Zoning Commission, and then extended by the development team earlier this year. The developer cited an inability to secure overnmental agency approvals as the reason for the extension.
The planned Tenleytown development is the second project in the neighborhood to hit the market of late. The under-construction Broadcast apartment building along Wisconsin Avenue was listed for sale in August.
View more at Urban Turf DC.
View Tenleytown Apartments.
Marcus & Millichap is the nation’s largest brokerage firm focused exclusively on investment sales. It is based on a simple premise: matching each property with the largest pool of pre-qualified investors. With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research, and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more about the company, please visit www.MarcusMillichap.com.