Truist Financial Corp., the owner of a now-shuttered bank branch and plaza in Adams Morgan, has donated the land to a nonprofit that builds affordable housing.
Adams Morgan Plaza, an open area at the intersection of Columbia Road and 18th Street in Northwest D.C., is at the heart of a lawsuit over the future of a 4,000-sqaure-foot parcel. Seven years ago, a prominent developer announced ambitious plans to build condominiums at a well-known Northwest Washington crossroads, a proposal that triggered fierce opposition, multiple rounds of still-pending litigation and cranky debate on a neighborhood discussion group.
For now, the property’s new owner, an organization based in Adams Morgan, and the two groups that brought the lawsuit, are expressing optimism they can end the dispute.Jim Knight, Jubilee’s president, said in an email that the organization took possession of the property only on Friday and that “it will take time to determine our short- and long-term plans for the site.”
against Truist, said his group is hopeful that Jubilee will retain a plaza of roughly the same size in a new development.“We want to get along with Jubilee and we think there are great prospects for moving forward in a good way,” James said. “We’re hopeful that there is a place for minds to meet. We are reasonable people.”Alison Van Harskamp, a spokesperson for Truist, declined to comment when asked why the company abandoned plans to sell the property to Hoffman.
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